Document:

AMENDMENT
FOR PENSION PROTECTION ACT AND HEART ACT

      DISCOVERY
LABORATORIES, INC. 401(K) PLAN

      

      ARTICLE
I

      PREAMBLE

      

      
        	
                1.1

              	
                Effective date of
      Amendment. The Employer adopts this Amendment to the Plan to
      reflect recent law changes. This Amendment is effective as indicated below
      for the respective provisions.

              

      

      

      
        	
                1.2

              	
                Superseding of inconsistent
      provisions. This Amendment supersedes the provisions of the Plan to
      the extent those provisions are inconsistent with the provisions of this
      Amendment.

              

      

      

      
        	
                1.3

              	
                Construction. Except as
      otherwise provided in this Amendment, any reference to "Section" in this
      Amendment refers only to sections within this Amendment, and is not a
      reference to the Plan. The Article and Section numbering in this Amendment
      is solely for purposes of this Amendment, and does not relate to any Plan
      article, section or other numbering
  designations.

              

      

      

      
        	
                1.4

              	
                Effect of restatement of Plan.
      If the Employer restates the Plan, then this Amendment shall remain
      in effect after such restatement unless the provisions in this Amendment
      are restated or otherwise become obsolete (e.g., if the Plan is restated
      onto a plan document which incorporates PPA
  provisions).

              

      

      

      ARTICLE
II

      
        NONELECTIVE
CONTRIBUTION VESTING

      

      

      
        	
                2.1

              	
                Applicability. This
      Article applies to Participants who complete an Hour of Service in a Plan
      Year beginning after December 31, 2006, with respect to accrued benefits
      derived from employer nonelective contributions made in Plan Years
      beginning after December 31, 2006. This Article also will apply to all
      nonelective contributions subject to a vesting schedule, including
      nonelective contributions allocated under the Plan terms as of a date in a
      Plan Year beginning before January 1,
2007.

              

      

      

      
        	
                2.2

              	
                Vesting schedule.
      Effective January 1, 2007, if the Plan has a 7-year graded vesting
      schedule, the vesting schedule will be a 6-year graded schedule (20% after
      2 years of vesting service and an additional 20% for each year
      thereafter), and if the Plan has a 5-year cliff vesting schedule,
      nonelective contributions will be nonforfeitable upon the completion of 3
      years of vesting service.

              

      

      

      ARTICLE
III

      PARTICIPANT
DISTRIBUTION NOTIFICATION

      

      
        	
                3.1

              	
                180-day notification
      period. For any distribution notice issued in Plan Years beginning
      after December 31, 2006, any reference to the 90-day maximum notice period
      prior to distribution in applying the notice requirements of Code §§402(f)
      (the rollover notice), 411(a)(11) (Participant's consent to distribution),
      and 417 (notice under the joint and survivor annuity rules) will become
      180 days.

              

      

      

      
        	
                3.2

              	
                Notice of right to defer
      distribution. For any distribution notice issued in Plan Years
      beginning after December 31, 2006, the description of a Participant's
      right, if any, to defer receipt of a distribution also will describe the
      consequences of failing to defer receipt of the distribution. For notices
      issued before the 90th day after the issuance of Treasury regulations
      (unless future Revenue Service guidance otherwise requires), the notice
      will include: (i) a description indicating the investment options
      available under the Plan (including fees) that will be available if the
      Participant defers distribution; and (ii) the portion of the summary plan
      description that contains any special rules that might affect materially a
      Participant's decision to defer.

              

      

      

      ARTICLE
IV

      ROLLOVER
OF AFTER-TAX/ROTH AMOUNTS

      

      
        	
                4.1

              	
                Direct rollover to qualified
      plan/403(b) plan. For taxable years beginning after December 31,
      2006, a Participant may elect to transfer employee (after-tax) or Roth
      elective deferral contributions by means of a direct rollover to a
      qualified plan or to a 403(b) plan that agrees to account separately for
      amounts so transferred, including accounting separately for the portion of
      such distribution which is includible in gross income and the portion of
      such distribution which is not includible in gross
  income.

              

      

      

      ARTICLE
V

      DIVESTMENT
OF EMPLOYER SECURITIES

      

      
        	
                5.1

              	
                Rule applicable to elective
      deferrals and employee contributions. For Plan Years beginning
      after December 31, 2006, if any portion of the account of a Participant
      (including, for purposes of this Article V, a beneficiary entitled to
      exercise the rights of a Participant) attributable to elective deferrals
      or employee contributions is invested in publicly-traded Employer
      securities, the Participant may elect to direct the Plan to divest any
      such securities, and to reinvest an equivalent amount in other investment
      options which satisfy the requirements of Section
  5.3.

              

      

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      
        	
                5.2

              	
                Rule applicable to Employer
      contributions. If any portion of a Participant's account
      attributable to nonelective or matching contributions is invested in
      publicly-traded Employer securities, then a Participant who has completed
      at least 3 years of vesting service, or a beneficiary of any deceased
      Participant entitled to exercise the right of a Participant, may elect to
      direct the Plan to divest any such securities, and to reinvest an
      equivalent amount in other investment options which satisfy the
      requirements of Section 6.3.

              

      

      

      
        	
                 
      

              	
                a.

              	
                Three-year phase-in applicable
      to Employer contributions. For Employer securities acquired with
      nonelective or matching contributions during a Plan Year beginning before
      January 1, 2007, the rule described in this Section 5.2 only applies to
      the percentage of the Employer securities (applied separately for each
      class of securities) as follows:

              

      

      

      
        
          
            
              	
                      Plan Year

                    	 	
                      Percentage

                    	 
	
                      2007

                    	 	 	33	 
	
                      2008

                    	 	 	66	 
	
                      2009

                    	 	 	100	 

            

          

        

      

      

      
        	
                 
      

              	
                b.

              	
                Exception to phase-in for
      certain age 55 Participants. The 3-year phase-in rule of Section
      5.2.a does not apply to a Participant who has attained age 55 and who has
      completed at least 3 years of service before the first Plan Year beginning
      after December 31, 2005.

              

      

      

      
        	
                5.3

              	
                Investment options. For
      purposes of this Article V, other investment options must include not less
      than 3 investment options, other than Employer securities, to which the
      Participant may direct the proceeds of divestment of Employer securities
      required by this Article V, each of which options is diversified and has
      materially different risk and return characteristics. The Plan must
      provide reasonable divestment and reinvestment opportunities at least
      quarterly. Except as provided in regulations, the Plan may not impose
      restrictions or conditions on the investment of Employer securities which
      the Plan does not impose on the investment of other Plan assets, other
      than restrictions or conditions imposed by reason of the application of
      securities laws or a condition permitted under IRS Notice 2006-107 or
      other applicable guidance.

              

      

      

      
        	
                5.4

              	
                Exceptions for certain
      plans. This Article V does not apply to a one-participant plan, as
      defined in Code §401(a)(35)(E)(iv), or to an employee stock ownership plan
      ("ESOP") if: (i) there are no contributions to the ESOP (or related
      earnings) attributable to elective deferrals or matching contributions;
      and (ii) the ESOP is a separate plan, for purposes of Code §414(l), from
      any other defined benefit plan or defined contribution plan maintained by
      the same employer or employers.

              

      

      

      
        	
                5.5

              	
                Treatment as publicly traded
      Employer securities. Except as provided in Treasury regulations or
      in Code §401(a)(35)(F)(ii) (relating to certain controlled groups), a plan
      holding Employer securities which are not publicly traded Employer
      securities is treated as holding publicly traded Employer securities if
      any Employer corporation, or any member of a controlled group of
      corporations which includes such Employer corporation (as defined in Code
      §401(a)(35)(F)(iii)) has issued a class of stock which is a publicly
      traded Employer security.

              

      

      

      ARTICLE
VI

      DIRECT
ROLLOVER OF NON-SPOUSAL DISTRIBUTION

      

      
        	
                6.1

              	
                Non-spouse beneficiary rollover
      right. For distributions after December 31, 2009, a non-spouse
      beneficiary who is a "designated beneficiary" under Code §401(a)(9)(E) and
      the regulations thereunder, by a direct trustee-to-trustee transfer
      ("direct rollover"), may roll over all or any portion of his or her
      distribution to an individual retirement account the beneficiary
      establishes for purposes of receiving the distribution. In order to be
      able to roll over the distribution, the distribution otherwise must
      satisfy the definition of an eligible rollover
    distribution.

              

      

      

      
        	
                6.2

              	
                Trust beneficiary. If
      the Participant's named beneficiary is a trust, the Plan may make a direct
      rollover to an individual retirement account on behalf of the trust,
      provided the trust satisfies the requirements to be a designated
      beneficiary within the meaning of Code
  §401(a)(9)(E).

              

      

      

      
        	
                6.3

              	
                Required minimum distributions
      not eligible for rollover. A non-spouse beneficiary may not roll
      over an amount which is a required minimum distribution, as determined
      under applicable Treasury regulations and other Revenue Service guidance.
      If the Participant dies before his or her required beginning date and the
      non-spouse beneficiary rolls over to an IRA the maximum amount eligible
      for rollover, the beneficiary may elect to use either the 5-year rule or
      the life expectancy rule, pursuant to Treas. Reg. §1.401(a)(9)-3, A-4(c),
      in determining the required minimum distributions from the IRA that
      receives the non-spouse beneficiary's
  distribution.

              

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      ARTICLE
VII

      DISTRIBUTION
BASED ON BENEFICIARY HARDSHIP

      

      
        	
                7.1

              	
                Beneficiary-based
      distribution. Effective January 1, 2010, if the Plan provides for
      hardship distributions, a Participant's hardship event, for purposes of
      the Plan's safe harbor hardship distribution provisions pursuant to Treas.
      Reg. §1.401(k)-1(d)(3)(iii)(B), includes an immediate and heavy financial
      need of the Participant's primary beneficiary under the Plan, that would
      constitute a hardship event if it occurred with respect to the
      Participant's spouse or dependent as defined under Code §152 (such
      hardship events being limited to educational expenses, funeral expenses
      and certain medical expenses). For purposes of this Article, a
      Participant's "primary beneficiary under the Plan" is an individual who is
      named as a beneficiary under the Plan and has an unconditional right to
      all or a portion of the Participant's account balance under the Plan upon
      the Participant's death.

              

      

      

      ARTICLE
VIII

      OTHER
401(k)/401(m) PLAN PROVISIONS

      

      
        	
                8.1

              	
                Gap period income on
      distributed excess contributions and excess aggregate
      contributions. This Section applies to excess contributions (as
      defined in Code §401(k)(8)(B)) and excess aggregate contributions (as
      defined in Code §401(m)(6)(B)) made with respect to Plan Years beginning
      after December 31, 2007. The Plan administrator will not calculate and
      distribute allocable income for the gap period (i.e., the period after the
      close of the Plan Year in which the excess contribution or excess
      aggregate contribution occurred and prior to the
      distribution).

              

      

      

      
        	
                8.2

              	
                Gap period income on
      distributed excess deferrals. With respect to 401(k) plan excess
      deferrals (as defined in Code §402(g)) made in taxable year 2007, the Plan
      administrator must calculate allocable income for the taxable year and
      also for the gap period (i.e., the period after the close of the taxable
      year in which the excess deferral occurred and prior to the distribution);
      provided that the Plan administrator will calculate and distribute the gap
      period allocable income only if the Plan administrator in accordance with
      the Plan terms otherwise would allocate the gap period allocable income to
      the Participant's account. With respect to 401(k) plan excess deferrals
      made in taxable years after 2007, gap period income may not be
      distributed.

              

      

      

      
        	
                8.3

              	
                Plan termination distribution
      availability. For purposes of determining whether the Employer
      maintains an alternative defined contribution plan (described in Treas.
      Reg. §1.401(k)-1(d)(4)(i)) that would prevent the Employer from
      distributing elective deferrals (and other amounts, such as QNECs, that
      are subject to the distribution restrictions that apply to elective
      deferrals) from a terminating 401(k) plan, an alternative defined
      contribution plan does not include an employee stock ownership plan
      defined in Code §§4975(e)(7) or 409(a), a simplified employee pension as
      defined in Code §408(k), a SIMPLE IRA plan as defined in Code §408(p), a
      plan or contract that satisfies the requirements of Code §403(b), or a
      plan that is described in Code §§457(b) or
(f).

              

      

      

      ARTICLE
IX

      QUALIFIED
OPTIONAL SURVIVOR ANNUITY

      

      
        	
                9.1

              	
                Right to Elect Qualified
      Optional Survivor Annuity. Effective with respect to Plan Years
      beginning after December 31, 2007, a participant who elects to waive the
      qualified joint and survivor annuity form of benefit, if offered under the
      Plan, is entitled to elect the "qualified optional survivor annuity" at
      any time during the applicable election period. Furthermore, the written
      explanation of the joint and survivor annuity shall explain the terms and
      conditions of the "qualified optional survivor
  annuity."

              

      

      

      
        	
                 
      

              	
                9.2

              	
                Definition of Qualified
      Optional Survivor Annuity.

              

      

      

      
        	
                 
      

              	
                a.

              	
                General. For purposes of
      this Article, the term "qualified optional survivor annuity" means an
      annuity:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                For
      the life of the participant with a survivor annuity for the life of the
      spouse which is equal to the "applicable percentage" of the amount of the
      annuity which is payable during the joint lives of the Participant and the
      spouse, and

              

      

      

      
        	
                 
      

              	
                (2)

              	
                Which
      is the actuarial equivalent of a single annuity for the life of the
      participant.

              

      

      

      Such term
also includes any annuity in a form having the effect of an annuity described in
the preceding sentence.

      

      
        	
                 
      

              	
                b.

              	
                Applicable percentage.
      For purposes of this Section, the "applicable percentage" is based
      on the survivor annuity percentage (i.e., the percentage which the
      survivor annuity under the Plan's qualified joint and survivor annuity
      bears to the annuity payable during the joint lives of the participant and
      the spouse). If the survivor annuity percentage is less than 75 percent,
      then the "applicable percentage" is 75 percent; otherwise, the "applicable
      percentage" is 50 percent.

              

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      ARTICLE
X

      DIRECT
ROLLOVER TO ROTH IRA

      

      
        	
                10.1

              	
                Roth IRA rollover. For
      distributions made after December 31, 2007, a participant may elect to
      roll over directly an eligible rollover distribution to a Roth IRA
      described in Code §408A(b).

              

      

      

      ARTICLE
XI

      QUALIFIED
DOMESTIC RELATIONS ORDERS

      

      
        	
                11.1

              	
                Permissible QDROs.
      Effective April 6, 2007, a domestic relations order that otherwise
      satisfies the requirements for a qualified domestic relations order
      ("QDRO") will not fail to be a QDRO: (i) solely because the order is
      issued after, or revises, another domestic relations order or QDRO; or
      (ii) solely because of the time at which the order is issued, including
      issuance after the annuity starting date or after the Participant's
      death.

              

      

      

      
        	
                11.2

              	
                Other QDRO requirements
      apply. A domestic relations order described in Section 11.1 is
      subject to the same requirements and protections that apply to
      QDROs.

              

      

      

      ARTICLE
XII

      HEART
ACT PROVISIONS

      

      
        	
                12.1

              	
                Death benefits. In the
      case of a death occurring on or after January 1, 2007, if a Participant
      dies while performing qualified military service (as defined in Code §
      414(u)), the survivors of the Participant are entitled to any additional
      benefits (other than benefit accruals relating to the period of qualified
      military service) provided under the Plan as if the Participant had
      resumed and then terminated employment on account of
  death.

              

      

      

      
        	
                12.2

              	
                Differential wage
      payments. For years beginning after December 31, 2008, (i) an
      individual receiving a differential wage payment, as defined by Code
      §3401(h)(2), is treated as an employee of the employer making the payment,
      (ii) the differential wage payment is treated as compensation, and (iii)
      the Plan is not treated as failing to meet the requirements of any
      provision described in Code §414(u)(1)(C) by reason of any contribution or
      benefit which is based on the differential wage
  payment.

              

      

      

      
        	
                12.3

              	
                Severance from
      employment. Notwithstanding Section 12.2(i), for purposes of Code
      §401(k)(2)(B)(i)(I), an individual is treated as having been severed from
      employment during any period the individual is performing service in the
      uniformed services described in Code
  §3401(h)(2)(A).

              

      

      

      
        	
                 
      

              	
                a.

              	
                Suspension of deferrals.
      If an individual elects to receive a distribution by reason of severance
      from employment, death or disability, the individual may not make an
      elective deferral or employee contribution during the 6-month period
      beginning on the date of the
distribution.

              

      

      

      
        	
                 
      

              	
                b.

              	
                Nondiscrimination
      requirement. Section 12.2(iii) applies only if all employees of the
      Employer performing service in the uniformed services described in Code
      §3401(h)(2)(A) are entitled to receive differential wage payments (as
      defined in Code §3401(h)(2)) on reasonably equivalent terms and, if
      eligible to participate in a retirement plan maintained by the employer,
      to make contributions based on the payments on reasonably equivalent terms
      (taking into account Code §§410(b)(3), (4),
  and (5)).

              

      

      

      
        This
Amendment has been executed this _____ day of December, 2009.

      

      

      
        
          	
                  Discovery
      Laboratories, Inc.

                
	 
      
	 
      
	
                  EMPLOYER

                

        

      

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

    

    
       

      DISCOVERY
LABORATORIES, INC.

      401(K)
PLAN

      

      AND
ALL SUPPORTING FORMS HAVE BEEN PRODUCED FOR

      

      GELLER
GROUP, LLC

      

      Copyright
2009 SunGard

      All
Rights Reserved

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      DISCOVERY
LABORATORIES, INC.

      401(K)
PLAN

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      TABLE
OF CONTENTS

       

      
        
          
            
              
                
                  
                    
                      
                        	
                                ARTICLE
      I

                              
	
                                DEFINITIONS

                              
	 
	
                                ARTICLE
      II

                              
	
                                ADMINISTRATION

                              
	 
      	 
      	 
      
	
                                2.1

                              	
                                POWERS
      AND RESPONSIBILITIES OF THE EMPLOYER

                              	
                                12

                              
	
                                2.2

                              	
                                DESIGNATION
      OF ADMINISTRATIVE AUTHORITY

                              	
                                12

                              
	
                                2.3

                              	
                                ALLOCATION
      AND DELEGATION OF RESPONSIBILITIES

                              	
                                13

                              
	
                                2.4

                              	
                                POWERS
      AND DUTIES OF THE ADMINISTRATOR

                              	
                                13

                              
	
                                2.5

                              	
                                RECORDS
      AND REPORTS

                              	
                                14

                              
	
                                2.6

                              	
                                APPOINTMENT
      OF ADVISERS

                              	
                                14

                              
	
                                2.7

                              	
                                PAYMENT
      OF EXPENSES

                              	
                                14

                              
	
                                2.8

                              	
                                CLAIMS
      PROCEDURE

                              	
                                14

                              
	
                                2.9

                              	
                                CLAIMS
      REVIEW PROCEDURE

                              	
                                14

                              
	 
      
	
                                ARTICLE
      III

                              
	
                                ELIGIBILITY

                              
	 
      	 
      	 
      
	
                                3.1

                              	
                                CONDITIONS
      OF ELIGIBILITY

                              	
                                15

                              
	
                                3.2

                              	
                                EFFECTIVE
      DATE OF PARTICIPATION

                              	
                                15

                              
	
                                3.3

                              	
                                DETERMINATION
      OF ELIGIBILITY

                              	
                                15

                              
	
                                3.4

                              	
                                TERMINATION
      OF ELIGIBILITY

                              	
                                15

                              
	
                                3.5

                              	
                                REHIRED
      EMPLOYEES AND BREAKS IN SERVICE

                              	
                                15

                              
	
                                3.6

                              	
                                ELECTION
      NOT TO PARTICIPATE

                              	
                                16

                              
	
                                3.7

                              	
                                OWNER-EMPLOYEE
      LIMITATION

                              	
                                16

                              
	
                                3.8

                              	
                                OMISSION
      OF ELIGIBLE EMPLOYEE; INCLUSION OF INELIGIBLE EMPLOYEE

                              	
                                16

                              
	 
      
	
                                ARTICLE
      IV

                              
	
                                CONTRIBUTION
      AND ALLOCATION

                              
	 
      	 
      	 
      
	
                                4.1

                              	
                                FORMULA
      FOR DETERMINING EMPLOYER CONTRIBUTION

                              	
                                17

                              
	
                                4.2

                              	
                                PARTICIPANT'S
      SALARY REDUCTION ELECTION

                              	
                                17

                              
	
                                4.3

                              	
                                TIME
      OF PAYMENT OF EMPLOYER CONTRIBUTION

                              	
                                19

                              
	
                                4.4

                              	
                                ALLOCATION
      OF CONTRIBUTION AND USAGE OF FORFEITURES AND EARNINGS

                              	
                                19

                              
	
                                4.5

                              	
                                ACTUAL
      DEFERRAL PERCENTAGE TEST

                              	
                                22

                              
	
                                4.6

                              	
                                ADJUSTMENT
      TO ACTUAL DEFERRAL PERCENTAGE TEST

                              	
                                23

                              
	
                                4.7

                              	
                                ACTUAL
      CONTRIBUTION PERCENTAGE TEST

                              	
                                25

                              
	
                                4.8

                              	
                                ADJUSTMENT
      TO ACTUAL CONTRIBUTION PERCENTAGE TEST

                              	
                                27

                              
	
                                4.9

                              	
                                MAXIMUM
      ANNUAL ADDITIONS

                              	
                                28

                              
	
                                4.10

                              	
                                ADJUSTMENT
      FOR EXCESS ANNUAL ADDITIONS

                              	
                                29

                              
	
                                4.11

                              	
                                PLAN-TO-PLAN
      TRANSFERS (OTHER THAN ROLLOVERS) FROM QUALIFIED PLANS

                              	
                                30

                              
	
                                4.12

                              	
                                ROLLOVERS
      FROM OTHER PLANS

                              	
                                31

                              
	
                                4.13

                              	
                                PARTICIPANT
      DIRECTED INVESTMENTS

                              	
                                31

                              
	
                                4.14

                              	
                                QUALIFIED
      MILITARY SERVICE

                              	
                                33

                              

                      

                    

                  

                

              

            

          

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        
          
            
              	
                      ARTICLE
      V

                    
	
                      VALUATIONS

                    
	 
      	 
      	 
      
	
                      5.1

                    	
                      VALUATION
      OF THE TRUST FUND

                    	
                      33

                    
	
                      5.2

                    	
                      METHOD
      OF VALUATION

                    	
                      33

                    
	 
      
	
                      ARTICLE
      VI

                    
	
                      DETERMINATION
      AND DISTRIBUTION OF BENEFITS

                    
	 
      	 
      	 
      
	
                      6.1

                    	
                      DETERMINATION
      OF BENEFITS UPON RETIREMENT

                    	
                      33

                    
	
                      6.2

                    	
                      DETERMINATION
      OF BENEFITS UPON DEATH

                    	
                      33

                    
	
                      6.3

                    	
                      DISABILITY
      RETIREMENT BENEFITS

                    	
                      34

                    
	
                      6.4

                    	
                      DETERMINATION
      OF BENEFITS UPON TERMINATION

                    	
                      34

                    
	
                      6.5

                    	
                      DISTRIBUTION
      OF BENEFITS

                    	
                      35

                    
	
                      6.6

                    	
                      DISTRIBUTION
      OF BENEFITS UPON DEATH

                    	
                      36

                    
	
                      6.7

                    	
                      TIME
      OF DISTRIBUTION

                    	
                      36

                    
	
                      6.8

                    	
                      REQUIRED
      MINIMUM DISTRIBUTIONS

                    	
                      36

                    
	
                      6.9

                    	
                      DISTRIBUTION
      FOR MINOR OR INCOMPETENT INDIVIDUAL

                    	
                      39

                    
	
                      6.10

                    	
                      LOCATION
      OF PARTICIPANT OR BENEFICIARY UNKNOWN

                    	
                      39

                    
	
                      6.11

                    	
                      PRE-RETIREMENT
      DISTRIBUTION OF EMPLOYER CONTRIBUTIONS

                    	
                      40

                    
	
                      6.12

                    	
                      ADVANCE
      DISTRIBUTION FOR HARDSHIP

                    	
                      40

                    
	
                      6.13

                    	
                      QUALIFIED
      DOMESTIC RELATIONS ORDER DISTRIBUTION

                    	
                      41

                    
	
                      6.14

                    	
                      DIRECT
      ROLLOVER

                    	
                      41

                    
	
                      6.15

                    	
                      TRANSFER
      OF ASSETS FROM A MONEY PURCHASE PLAN

                    	
                      42

                    
	
                      6.16

                    	
                      CORRECTIVE
      DISTRIBUTIONS

                    	
                      42

                    
	 
      
	
                      ARTICLE
      VII

                    
	
                      AMENDMENT,
      TERMINATION, MERGERS AND LOANS

                    
	 
      	 
      	 
      
	
                      7.1

                    	
                      AMENDMENT

                    	
                      42

                    
	
                      7.2

                    	
                      TERMINATION

                    	
                      43

                    
	
                      7.3

                    	
                      MERGER,
      CONSOLIDATION OR TRANSFER OF ASSETS

                    	
                      43

                    
	
                      7.4

                    	
                      LOANS
      TO PARTICIPANTS

                    	
                      43

                    
	 
      
	
                      ARTICLE
      VIII

                    
	
                      TOP-HEAVY

                    
	 
      	 
      	 
      
	
                      8.1

                    	
                      TOP-HEAVY
      PLAN REQUIREMENTS

                    	
                      44

                    
	
                      8.2

                    	
                      DETERMINATION
      OF TOP-HEAVY STATUS

                    	
                      44

                    
	 
      
	
                      ARTICLE
      IX

                    
	
                      MISCELLANEOUS

                    
	 
      	 
      	 
      
	
                      9.1

                    	
                      PARTICIPANT'S
      RIGHTS

                    	
                      45

                    
	
                      9.2

                    	
                      ALIENATION
      OF BENEFITS

                    	
                      45

                    
	
                      9.3

                    	
                      CONSTRUCTION
      AND INTERPRETATION OF PLAN

                    	
                      46

                    
	
                      9.4

                    	
                      GENDER
      AND NUMBER

                    	
                      46

                    
	
                      9.5

                    	
                      LEGAL
      ACTION

                    	
                      46

                    
	
                      9.6

                    	
                      PROHIBITION
      AGAINST DIVERSION OF FUNDS

                    	
                      46

                    
	
                      9.7

                    	
                      EMPLOYER'S
      AND TRUSTEE'S PROTECTIVE CLAUSE

                    	
                      46

                    
	
                      9.8

                    	
                      INSURER'S
      PROTECTIVE CLAUSE

                    	
                      47

                    
	
                      9.9

                    	
                      RECEIPT
      AND RELEASE FOR PAYMENTS

                    	
                      47

                    

            

          

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        
          
            
              
                	
                        9.10

                      	
                        ACTION
      BY THE EMPLOYER

                      	
                        47

                      
	
                        9.11

                      	
                        NAMED
      FIDUCIARIES AND ALLOCATION OF RESPONSIBILITY

                      	
                        47

                      
	
                        9.12

                      	
                        HEADINGS

                      	
                        47

                      
	
                        9.13

                      	
                        APPROVAL
      BY INTERNAL REVENUE SERVICE

                      	
                        47

                      
	
                        9.14

                      	
                        ELECTRONIC
      MEDIA

                      	
                        47

                      
	
                        9.15

                      	
                        PLAN
      CORRECTION

                      	
                        48

                      
	
                        9.16

                      	
                        UNIFORMITY

                      	
                        48

                      
	 
      
	
                        ARTICLE
      X

                      
	
                        PARTICIPATING
      EMPLOYERS

                      
	 
      	 
      	 
      
	
                        10.1

                      	
                        ADOPTION
      BY OTHER EMPLOYERS

                      	
                        48

                      
	
                        10.2

                      	
                        REQUIREMENTS
      OF PARTICIPATING EMPLOYERS

                      	
                        48

                      
	
                        10.3

                      	
                        DESIGNATION
      OF AGENT

                      	
                        48

                      
	
                        10.4

                      	
                        EMPLOYEE
      TRANSFERS

                      	
                        48

                      
	
                        10.5

                      	
                        PARTICIPATING
      EMPLOYER CONTRIBUTION AND FORFEITURES

                      	
                        48

                      
	
                        10.6

                      	
                        AMENDMENT

                      	
                        48

                      
	
                        10.7

                      	
                        DISCONTINUANCE
      OF PARTICIPATION

                      	
                        49

                      
	
                        10.8

                      	
                        ADMINISTRATOR'S
      AUTHORITY

                      	
                        49

                      
	
                        10.9

                      	
                        PROVISIONS
      APPLIED SEPARATELY (OR JOINTLY) FOR PARTICIPATING NON-AFFILIATED
      EMPLOYERS

                      	
                        49

                      
	
                        10.10

                      	
                        TOP-HEAVY
      APPLIED SEPARATELY FOR PARTICIPATING NON-AFFILIATED
    EMPLOYERS

                      	
                        49

                      
	
                        10.11

                      	
                        HIGHLY
      COMPENSATED EMPLOYEE STATUS

                      	
                        50

                      
	
                        10.12

                      	
                        SERVICE

                      	
                        50

                      
	
                        10.13

                      	
                        REQUIRED
      MINIMUM DISTRIBUTIONS

                      	
                        50

                      

              

            

          

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      DISCOVERY
LABORATORIES, INC.

      401(K)
PLAN

      

      THIS
PLAN, hereby adopted this __________ day of ___________________, by Discovery
Laboratories, Inc. (herein referred to as the "Employer").

      

      WITNESSETH:

      

      WHEREAS,
the Employer heretofore established a Profit Sharing Plan effective January 1,
1998, (hereinafter called the "Effective Date") known as Discovery Laboratories,
Inc. 401(k) Plan (herein referred to as the "Plan") in recognition of the
contribution made to its successful operation by its Employees and for the
exclusive benefit of its Eligible Employees; and

      

      WHEREAS,
under the terms of the Plan, the Employer has the ability to amend the Plan,
provided the Trustee joins in such amendment if the provisions of the Plan
affecting the Trustee are amended;

      

      NOW,
THEREFORE, effective May 1, 2008, except as otherwise provided herein, the
Employer in accordance with the provisions of the Plan pertaining to amendments
thereof, hereby amends the Plan in its entirety and restates the Plan to provide
as follows:

      

      ARTICLE
I

      DEFINITIONS

      

      1.1      
"Account" means any
separate notational account established and maintained by the Administrator for
each Participant under the Plan. The term "Participant's Account" or
"Participant's Account Balance" generally means the sum of all Accounts being
maintained for the Participant, which represents the Participant's total
interest in the Plan. Section 6.8 contains a definition of "Participant's
Account Balance" for purposes of that Section. To the extent applicable, a
Participant may have any (or all) of the following notational
Accounts:

      

      (a)  
the Elective Deferral Account that shall consist of the sub-Accounts listed
below. Unless specifically stated otherwise, any reference to a Participant's
Elective Deferral Account will refer to both of these sub-Accounts

      

      (1)  
the Pre-Tax Elective Deferral Account

      

      (2)  
the Roth Elective Deferral Account

      

      (b)  
the Matching Contribution Account

      

      (c)  
the Nonelective Contribution Account

      

      (d)  
the Qualified Matching Contribution Account

      

      (e)  
the Qualified Nonelective Contribution Account

      

      (f)  
the Rollover Account

      

      (g)  
the Transfer Account

      

      (h)  
any other account, including an overlapping account or sub-account, necessary
for the administration of the Plan

      

      1.2      
"ACP" means the actual
contribution percentage that is equal to, for a specific group of Participants
(either Highly Compensated Employees or Nonhighly Compensated Employees) for a
Plan Year, the average of the ACRs (calculated separately for each Participant
in such group). The ACP for each group shall be calculated to the nearest
one-hundredth of one percent.

      

      For
purposes of computing an ACP, a Participant is an Eligible Employee who is
eligible to have Matching Contributions or Qualified Matching Contributions made
pursuant to Section 4.1(b) (whether or not a deferral election was made or
suspended pursuant to Section 4.2(e)) allocated to such Participant's Matching
Contribution Account or Qualified Matching Contribution Account for a "specific
Plan Year". In addition, if an Employee contribution is required as a condition
of participation in the Plan, any Employee who would be a Participant in the
Plan if such Employee made such a contribution shall be treated (for purposes of
the ACP test) as an eligible Participant on behalf of whom no Employee
contributions are made. However, if a Participant has no 414(s) Compensation for
the Plan Year, then such Participant shall be disregarded for purposes of
calculating the ACP of a group.

      

      For
purposes of the above paragraph, the term "specific Plan Year" means, for
Participants who are Highly Compensated Employees, the Plan Year being tested.
If the current year testing method is being used, then the term "specific Plan
Year" means, for Participants who are Nonhighly Compensated Employees, the Plan
Year being tested. If the prior year testing method is being used, then the term
"specific Plan Year" means, for Participants who are Nonhighly Compensated
Employees, the Plan Year prior to the Plan Year being tested.

      

      1.3      
"ACP Test" means the
actual contribution percentage test determined pursuant to
Section 4.7.

      

      1.4      
"ACR" means the actual
contribution ratio of each Participant, that is a ratio (expressed as a
percentage) equal to (1) the Contribution Percentage Amounts of such Participant
for such Plan Year, to (2) such Participant's 414(s) Compensation for such Plan
Year.

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      

      Matching
Contributions, Qualified Matching Contributions and Qualified Nonelective
Contributions will be considered made for a Plan Year if made no later than the
end of the twelve (12) month period beginning on the date after the close of the
Plan Year.

      

      The ACR
for each Participant shall be calculated to the nearest one-hundredth of one
percent.

      

      1.5      
"Act" means the Employee
Retirement Income Security Act of 1974, as it may be amended from time to
time.

      

      1.6      
"Administrator" means
the Employer unless another person or entity has been designated by the Employer
pursuant to Section 2.2 to administer the Plan on behalf of the Employer.
"Administrator" also includes any Qualified Termination Administrator (QTA) that
has assumed the responsibilities of the Administrator in accordance with
guidelines set forth by the Department of Labor.

      

      1.7      
"ADP" means the actual
deferral percentage that is equal to, for a specific group of Participants
(either Highly Compensated Employees or Nonhighly Compensated Employees) for a
Plan Year, the average of the ADRs (calculated separately for each Participant
in such group). The ADP for each group shall be calculated to the nearest
one-hundredth of one percent.

      

      For
purposes of computing an ADP, a Participant is an Eligible Employee who is
eligible to make Elective Deferrals pursuant to Section 4.2 (whether or not
a deferral election was made or suspended pursuant to Section 4.2(e)) allocated
to the Participant's Elective Deferral Account for a "specific Plan Year."
However, if a Participant has no 414(s) Compensation for the Plan Year, then
such Participant shall be disregarded for purposes of calculating the ADP of a
group.

      

      For
purposes of the above paragraph, the term "specific Plan Year" means, for
Participants who are Highly Compensated Employees, the Plan Year being tested.
If the current year testing method is being used, then the term "specific Plan
Year" means, for Participants who are Nonhighly Compensated Employees, the Plan
Year being tested. If the prior year testing method is being used, then the term
"specific Plan Year" means, for Participants who are Nonhighly Compensated
Employees, the Plan Year prior to the Plan Year being tested.

      

      1.8      
"ADP Test" means the
actual deferral percentage test determined pursuant to
Section 4.5.

      

      1.9      
"ADR" means the actual
deferral ratio of each Participant, that is a ratio (expressed as a percentage)
equal to (1) the amount of Employer contributions actually paid over to the Plan
on behalf of such Participant for such Plan Year, to (2) such Participant's
414(s) Compensation for such Plan Year. 

      

      For
purposes of this definition of ADR, Employer contributions actually paid over to
the Plan on behalf of any Participant shall include: (a) any Elective Deferrals
(other than Catch-Up Contributions) made pursuant to the Participant's deferral
election (including Excess Deferrals of any Highly Compensated Employee), but
excluding (1) Excess Deferrals of any Nonhighly Compensated Employee that arise
solely from Elective Deferrals made under this Plan or any other plans
maintained by the Employer, and (2) Elective Deferrals that are taken into
account in the ACP Test set forth in Section 4.7 (provided that the ADP Test is
satisfied both with and without the exclusion of these Elective Deferrals); and
(b) at the election of the Employer, Qualified Nonelective Contributions and
Qualified Matching Contributions to the extent such contributions are not used
to satisfy the ACP Test, as well as any contributions authorized by (and to the
extent prescribed by) Section 4.6(c).

      

      For
purposes of computing a Participant's ADR, an Eligible Employee who would be a
Participant but for the failure to make Elective Deferrals shall be treated as a
Participant on whose behalf no Elective Deferrals are made.

      

      The ADR
for each Participant shall be calculated to the nearest one-hundredth of one
percent.

      

      1.10     "Affiliated Employer" means
any corporation which is a member of a controlled group of corporations (as
defined in Code Section 414(b)) which includes the Employer; any trade or
business (whether or not incorporated) which is under common control (as defined
in Code Section 414(c)) with the Employer; any organization (whether or not
incorporated) which is a member of an affiliated service group (as defined in
Code Section 414(m)) which includes the Employer; and any other entity
required to be aggregated with the Employer pursuant to Regulations under Code
Section 414(o).

      

      1.11     "Anniversary Date" means the
last day of the Plan Year.

      

      1.12     "Annual Additions" means, for
purposes of applying the limitations of Code Section 415, the sum credited
to a Participant's Accounts for any Limitation Year of (1) Employer
contributions, (2) Employee contributions, (3) forfeitures,
(4) amounts allocated to an individual medical account, as defined in Code
Section 415(l)(2) which is part of a pension or annuity plan maintained by
the Employer, (5) amounts derived from contributions paid or accrued which
are attributable to post-retirement medical benefits allocated to the separate
account of a key employee (as defined in Code Section 419A(d)(3)) under a
welfare benefit plan (as defined in Code Section 419(e)) maintained by the
Employer and (6) allocations under a simplified employee pension plan.

      

      Annual
Additions do not include the transfers of funds from one plan to another. In
addition, the following are not Annual Additions for the purposes of this
definition: (1) rollover contributions as defined in Code Sections 402(c),
403(a)(4), 403(b)(8), 408(d)(3) and 457(e)(16); (2) repayments of loans
made to a Participant from the Plan; (3) repayment of distributions
received by an Employee pursuant to Code Section 411(a)(7)(B) (cash-outs); (4)
repayment of distributions received by an Employee pursuant to Code Section
411(a)(3)(D) (mandatory contributions); (5) Catch-Up Contributions and (6)
employee contributions to a simplified employee pension excludable from gross
income under Code Section 408(k)(6).

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      

      1.13     "Beneficiary" means the person
(or entity) to whom the share of a deceased Participant's interest in the Plan
is payable. Section 6.8 contains a definition of "designated Beneficiary" for
purposes of that Section.

      

      1.14     "Catch-Up Contribution" means,
effective January 1, 2002, Elective Deferrals made to the Plan by a Catch-Up
Eligible Participant during any taxable year of such Participant that are in
excess of:

      

      (a)   
a statutory dollar limit on Elective Deferrals or Annual Additions as provided
in Code Sections 401(a)(30), 402(h), 403(b), 408, 415(c), or 457(b)(2)
(without regard to Code Section 457(b)(3)), as applicable;

      

      (b)   
a Plan limit on Elective Deferrals which is not a limit provided in (a) above;
or

      

      (c)   
the limit imposed by the ADP Test under Code Section 401(k)(3), in which Excess
Contributions would otherwise be distributed pursuant to Section 4.6(b) to
a Highly Compensated Employee who is a Catch-Up Eligible
Participant.

      

      Catch-Up
Contributions for a Participant for a Participant's taxable year may not exceed
the dollar limit on Catch-Up Contributions under Code Section 414(v)(2)(B)(i)
for the Participant's taxable year. The dollar limit on Catch-Up Contributions
under 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing
by $1,000 for each year thereafter up to $5,000 for taxable years beginning in
2006 and later years. After 2006, the $5,000 limit will be adjusted by the
Secretary of the Treasury for cost-of-living increases under Code Section
414(v)(2)(C). Any such adjustments will be in multiples of $500.

      

      1.15     "Catch-Up Eligible
Participant" means, effective January 1, 2002, a Participant
who:

      

      (a)   
is eligible to defer Compensation pursuant to Section 4.2; and

      

      (b)   
will attain age 50 or over by the end of the Participant's taxable
year.

      

      1.16     "Code" means the Internal
Revenue Code of 1986, as amended or replaced from time to time.

      

      1.17     "Compensation" means, with
respect to any Participant and except as otherwise provided herein, the total
amount of regular wages or salary paid to a Participant, or earned income (as
defined in Code Section 401(c)(2) of the Internal Revenue Code) of a
Participant, during the Plan Year.

      

      For
purposes of this Section, the determination of Compensation shall be
made by:

      

      (a)   
including amounts, for purposes of Elective Deferrals, which are contributed by
the Employer pursuant to a salary reduction agreement and which are not
includible in the gross income of the Participant under Code Sections 125,
132(f)(4), 402(e)(3), 402(h)(1)(B), 403(b) or 457(b), and employee contributions
described in Code Section 414(h)(2) that are treated as Employer
contributions. For this purpose, effective January 1, 1998, amounts not
includible in gross income under Code Section 125 shall be deemed to
include any amounts not available to a Participant in cash in lieu of group
health coverage because the Participant is unable to certify that the
Participant has other health coverage, provided the Employer does not request or
collect information regarding the Participant's other health coverage as part of
the enrollment process for the health plan.

      

      (b)   
including payment for overtime, bonuses and commissions.

      

      (c)   
excluding pre-participation Compensation paid during the Plan Year while not a
Participant in the component of the Plan for which Compensation is being
used.

      

      (d)   
excluding Post-Severance Compensation.

      

      (e)excluding
all contributions to or benefits paid by any pension, profit sharing, health or
welfare plan, other than any elective deferrals (as defined in Code Section
402(g)(3)) and any amount which is contributed or deferred by the Employer at
the election of the Employee and which is not includable in the gross income of
the Employee by reason of Code Section 125 or 457.

      

      For Plan
Years beginning on or after January 1, 2002, Compensation in excess of $200,000
(or such other amount provided in the Code) shall be disregarded for all
purposes other than for purposes of salary deferral elections pursuant to
Section 4.2. Such amount shall be adjusted for increases in the
cost-of-living in accordance with Code Section 401(a)(17)(B), except that
the dollar increase in effect on January 1 of any calendar year shall be
effective for the Plan Year beginning with or within such calendar year. For any
"determination period" of less than twelve (12) months, the Compensation limit
shall be an amount equal to the Compensation limit for the calendar year in
which the "determination period" begins multiplied by the ratio obtained by
dividing the number of full months in the short "determination period" by twelve
(12). A "determination period" is not less than twelve (12) months solely
because a Participant's Compensation does not include Compensation paid during a
"determination period" while the Participant was not a Participant in the Plan
(or a component of the Plan).

      

      If any
Employees are excluded from the Plan (or from any component of the Plan), then
Compensation for any such Employees who become eligible or cease to be eligible
to participate in the Plan (or in the component of the Plan) during a Plan Year
shall only include Compensation while such Employees are Eligible Employees of
the Plan (or of such component of the Plan).

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      

      For
purposes of this Section, if the Plan is a plan described in Code
Section 413(c) or 414(f) (a plan maintained by more than one Employer), the
limitation applies separately with respect to the Compensation of any
Participant from each Employer maintaining the Plan.

      

      If, in
connection with the adoption of any amendment, the definition of Compensation
has been modified, then, except as otherwise provided herein, for Plan Years
prior to the Plan Year which includes the adoption date of such amendment,
Compensation means compensation determined pursuant to the terms of the Plan
then in effect.

      

      1.18     "Contract" or "Policy" means
any life insurance policy, retirement income policy or annuity contract (group
or individual) issued pursuant to the terms of the Plan. In the event of any
conflict between the terms of this Plan and the terms of any contract purchased
hereunder, the Plan provisions shall control.

      

      1.19     "Contribution Percentage
Amounts" means the sum of any Matching Contributions which are made
pursuant to Section 4.1(b); Qualified Matching Contributions (to the extent such
Qualified Matching Contributions are not used to satisfy the ADP Test) and
Qualified Nonelective Contributions (to the extent not used to satisfy the ADP
Test), as well as any contributions authorized by (and to the extent prescribed
by) Section 4.8(g). In addition, Contribution Percentage Amounts may include
Elective Deferrals, provided the ADP Test is met before the Elective Deferrals
are used in the ACP Test and continues to be met following the exclusion of
those Elective Deferrals that are used to meet the ACP Test. However,
Contribution Percentage Amounts shall not include Matching Contributions that
are forfeited either to correct Excess Aggregate Contributions or due to Code
Section 401(a)(4) and the Regulations thereunder because the contributions to
which they relate are Excess Deferrals, Excess Contributions, or Excess
Aggregate Contributions.

      

      
        1.20     "Custodian" means a person or
entity that has custody of all or any portion of the Plan
assets.

      

      

      1.21     "Designated Investment
Alternative" means a specific investment identified by name by the
Employer (or such other Fiduciary who has been given the authority to select
investment options) as an available investment under the Plan to which Plan
assets may be invested by the Trustee pursuant to the investment direction of a
Participant.

      

      1.22     "Directed Account" means that
portion of a Participant's interest in the Plan with respect to which the
Participant has directed the investment in accordance with the Participant
Direction Procedures.

      

      1.23     "Directed Investment Option"
means a Designated Investment Alternative and any other investment permitted by
the Plan and the Participant Direction Procedures to which Plan assets may be
invested by the Trustee pursuant to the investment direction of a
Participant.

      

      1.24     "Disability" means a physical
or mental condition of a Participant resulting from bodily injury, disease, or
mental disorder which renders such Participant incapable of continuing any
gainful occupation and which condition constitutes total disability under the
federal Social Security Acts.

      

      1.25     "Early Retirement Date." This
Plan does not provide for a retirement date prior to Normal Retirement Date.

      

      1.26     "Earned Income" means with
respect to a Self-Employed Individual, the net earnings from self-employment in
the trade or business with respect to which the Plan is established, for which
the personal services of the individual are a material income-producing factor.
Net earnings will be determined without regard to items not included in gross
income and the deductions allocable to such items. Net earnings are reduced by
contributions by the Self-Employed Individual to a qualified Plan to the extent
deductible under Code Section 404. In addition, net earnings shall be
determined with regard to the deduction allowed to the Self-Employed Individual
by Code Section 164(f).

      

      If any
combination of bonuses, commissions, tips, overtime, moving expenses, fringe
benefits, or any other element of compensation is excluded from Compensation for
the purpose of determining any contribution, then for the purpose of determining
the amount of such contribution on behalf of any Self-Employed Individual, such
person's Earned Income will be reduced in the same proportion that the
"includible compensation" of "common law participants" bears to the "total
compensation" of all "common law participants."

      

      For
purposes of the preceding paragraph, "common law participant" means a
Participant who is neither a Highly Compensated Employee nor a Self-Employed
Individual, "includible compensation" means the amount of Compensation taken
into account in determining the amount of such contribution for "common law
participants," and "total compensation" means the amount of Compensation that
would have been taken into account in determining such contribution for "common
law participants" if (1) no element of Compensation had been excluded in
determining such contribution, and (2) all of the following are included in
Compensation: any amount which is contributed by the Employer at the election of
the Participant pursuant to a salary reduction agreement and which is not
includible in the gross income of the Participant by reason of Code
Sections 125, 132(f)(4), 402(e)(3), 402(h)(1)(B), 403(b) or 457(b), and
employee contributions described in Code Section 414(h)(2) that are treated
as Employer contributions.

      

      However,
to the extent that the amount of "includible compensation" for "common law
participants" includes any amount which is contributed by the Employer at the
election of the Participant pursuant to a salary reduction agreement and which
is not includible in the gross income of the Participant by reason of Code
Sections 125, 132(f)(4), 402(e)(3), 402(h)(1)(B), 403(b) or 457(b), and
employee contributions described in Code Section 414(h)(2) that are treated
as Employer contributions, then those amounts shall be added back to Earned
Income after making the adjustment described in the preceding
paragraph.

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      

      1.27     "Elective Deferral" means any
Employer contributions made to the Plan at the election of the Participant in
lieu of cash Compensation pursuant to Section 4.2. With respect to any
taxable year, a Participant's Elective Deferrals is the sum of all employer
contributions made on behalf of such Participant pursuant to an election to
defer under any qualified cash or deferred arrangement ("CODA") described in
Code Section 401(k), any salary reduction simplified employee pension described
in Code Section 408(k)(6), any SIMPLE IRA plan described in Code Section 408(p)
and any plan described under Code Section 501(c)(18), and any employer
contributions made on the behalf of a Participant for the purchase of an annuity
contract under Code Section 403(b) pursuant to a salary reduction agreement. The
term "Elective Deferrals" includes Pre-Tax Elective Deferrals and Roth Elective
Deferrals. Elective Deferrals shall not include any deferrals properly
distributed as excess Annual Additions pursuant to
Section 4.10(a).

      

      1.28     "Elective Deferral Account"
means the separate account established and maintained by the Administrator for
each Participant with respect to the Participant's total interest in the Plan
resulting from Elective Deferrals. Amounts in the Elective Deferral Account are
nonforfeitable when made and are subject to the distribution restrictions of
Section 4.2(d). The Elective Deferral Account may consist of a Pre-Tax
Elective Deferral Account and a Roth Elective Deferral Account. Unless
specifically stated otherwise, any reference to a Participant's Elective
Deferral Account will refer to both of these sub-Accounts.

      

      1.29     "Eligible Employee" means any
Employee, except as provided below, and except as provided in any other
particular provision for the limited purposes of that provision (e.g., ADP
test). The following Employees shall not be eligible to participate in this
Plan: 

      

      (a)   
Employees of Affiliated Employers, unless such Affiliated Employers have
specifically adopted this Plan in writing.

      

      (b)   
An individual shall not be an Eligible Employee if such individual is not
reported on the payroll records of the Employer as a common law employee. In
particular, it is expressly intended that individuals not treated as common law
employees by the Employer on its payroll records and out-sourced workers, are
neither Employees nor Eligible Employees, and are excluded from Plan
participation even if a court or administrative agency determines that such
individuals are common law employees and not independent contractors. However,
this paragraph shall not apply to partners or other Self-Employed Individuals
unless the Employer treats them as independent contractors.

      

      (c)   
Unless or until otherwise provided, Employees who became Employees as the result
of a "Code Section 410(b)(6)(C) transaction" will not be Eligible Employees
until the expiration of the transition period beginning on the date of the
transaction and ending on the last day of the first Plan Year beginning after
the date of the transaction. A Code Section 410(b)(6)(C) transaction is an asset
or stock acquisition, merger, or similar transaction involving a change in the
Employer of the Employees of a trade or business that is subject to the special
rules set forth in Code Section 410(b)(6)(C).

      

      (d)   
Employees who are nonresident aliens (within the meaning of Code
Section 7701(b)(1)(B)) and who receive no earned income (within the meaning
of Code Section 911(d)(2)) from the Employer which constitutes income from
sources within the United States (within the meaning of Code
Section 861(a)(3)).

      

      (e)   
Summer Interns, Temporary Employees, Consultants/Project Employees.

      

      1.30     "Employee" means any common
law employee, Self-Employed Individual, Leased Employee or other person to the
extent that the Code treats such an individual as an employee of the Employer
for purposes of the Plan, such as (for certain purposes) any person who is
employed by an Affiliated Employer.

      

      1.31     "Employer" means Discovery
Laboratories, Inc. and any successor which shall maintain this Plan; and any
predecessor which has maintained this Plan. The Employer is a corporation, with
principal offices in the State of Delaware. In addition, where appropriate, the
term Employer shall include any Participating Employer.

      

      1.32     "Excess Aggregate
Contributions" means, with respect to any Plan Year, the excess
of:

      

      (a)   
The aggregate Contribution Percentage Amounts actually made on behalf of
Participants who are Highly Compensated Employees for such Plan Year and taken
into account in computing the numerator of the ACR, over

      

      (b)   
The maximum Contribution Percentage Amounts permitted by the ACP Test of
Section 4.7(a) (determined by hypothetically reducing contributions made on
behalf of Participants who are Highly Compensated Employees in order of their
ACRs beginning with the highest of such ACRs).

      

      Such
determination shall be made after first taking into account corrections of any
Excess Deferrals pursuant to Section 4.2 and then taking into account any
adjustments of any Excess Contributions pursuant to
Section 4.6.

      

      1.33     "Excess Contributions" means,
with respect to a Plan Year, the excess of Elective Deferrals made on behalf of
Participants who are Highly Compensated Employees for the Plan Year over the
maximum amount of such contributions permitted under Section 4.5(a)
(determined by hypothetically reducing contributions made on behalf of
Participants who are Highly Compensated Employees in order of the ADRs beginning
with the highest of such ADRs). Excess Contributions shall be treated as an
Annual Addition pursuant to Section 1.12.

      

      1.34     "Excess Deferrals" shall mean
those Elective Deferrals of a Participant that either (1) are made during the
Participant's taxable year and which exceed the dollar limitation under Code
Section 402(g) (including, if applicable, the dollar limitation on Catch-Up
Contributions defined in Code Section 414(v)) for such year; or (2) are made
during a calendar year and exceed the dollar limitation under Code Section
402(g) (including, if applicable, the dollar limitation on Catch-Up
Contributions defined in Code Section 414(v)) for the Participant's taxable year
beginning in such calendar year, counting only Elective Deferrals made under
this Plan and any other plan, contract or arrangement maintained by the
Employer.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      

      1.35     "Fiduciary" means any person
who (a) exercises any discretionary authority or discretionary control
respecting management of the Plan or exercises any authority or control
respecting management or disposition of its assets, (b) renders investment
advice for a fee or other compensation, direct or indirect, with respect to any
monies or other property of the Plan or has any authority or responsibility to
do so, or (c) has any discretionary authority or discretionary
responsibility in the administration of the Plan.

      

      1.36     "Fiscal Year" means the
Employer's accounting year of 12 months commencing on January 1st of each year
and ending the following December 31st.

      

      1.37     "Forfeiture" means that
portion of a Participant's Account that is not Vested, and which becomes a
Forfeiture at the time described below:

      

      The
earlier of:

      

      (a)   
the distribution of the entire Vested portion of the Participant's Account of a
Participant who has severed employment with the Employer. For purposes of this
provision, if the Participant has a Vested benefit of zero (determined without
regard to the Participant's Qualified Voluntary Employee Contribution Account or
Rollover Account), then such Participant shall be deemed to have received a
distribution of such Vested benefit as of the date on which the severance of
employment occurs, or

      

      (b)   
the last day of the Plan Year in which a Participant who has severed employment
with the Employer incurs five (5) consecutive 1-Year Breaks in
Service.

      

      In
addition, the term "Forfeiture" shall also include amounts deemed to be
Forfeitures pursuant to any other provisions of this Plan.

      

      Regardless
of the preceding provisions, if a Participant is eligible to share in the
allocation of Forfeitures in the year in which the Forfeiture would otherwise
occur, then the Forfeiture will not occur until the end of the subsequent Plan
Year.

      

      For
purposes of this Plan, any Forfeiture will be disposed of in the Plan Year in
which the Forfeiture arises.

      

      1.38     "Former Employee" means an
Employee who had a severance from employment with the Employer or an Affiliated
Employer.

      

      1.39     "415 Compensation" with
respect to any Participant means such Participant's wages, salaries, fees for
professional services and other amounts received (without regard to whether or
not an amount is paid in cash) for personal services actually rendered in the
course of employment with the Employer maintaining the Plan to the extent that
the amounts are includible in gross income (including, but not limited to,
commissions paid salesmen, compensation for services on the basis of a
percentage of profits, commissions on insurance premiums, tips, bonuses, fringe
benefits, and reimbursements or other expense allowances under a nonaccountable
plan as described in Regulation 1.62-2(c)) for a Plan Year. 415
Compensation for any Self-Employed Individual shall be equal to such
individual's Earned Income.

      

      415
Compensation shall exclude (a)(1) contributions made by the Employer to a plan
of deferred compensation to the extent that, the contributions are not
includible in the gross income of the Participant for the taxable year in which
contributed, (2) Employer contributions made on behalf of an Employee to a
simplified employee pension plan described in Code Section 408(k) to the
extent such contributions are excludable from the Employee's gross income,
(3) any distributions from a plan of deferred compensation;
(b) amounts realized from the exercise of a non-qualified stock option, or
when restricted stock (or property) held by an Employee either becomes freely
transferable or is no longer subject to a substantial risk of forfeiture;
(c) amounts realized from the sale, exchange or other disposition of stock
acquired under a qualified stock option; and (d) other amounts which
receive special tax benefits, or contributions made by the Employer (whether or
not under a salary reduction agreement) towards the purchase of any annuity
contract described in Code Section 403(b) (whether or not the contributions
are actually excludable from the gross income of the Employee).

      

      Notwithstanding
the above, the determination of 415 Compensation shall be made by:

      

      (a)   
including any Elective Deferrals, and any amount which is contributed by the
Employer at the election of the Participant pursuant to a salary reduction
agreement and which is not includible in the gross income of the Participant by
reason of Code Sections 125, 132(f)(4), 402(e)(3), 402(h)(1)(B), 403(b) or
457(b), and employee contributions described in Code Section 414(h)(2) that
are treated as Employer contributions. For this purpose, effective
January 1, 1998, amounts not includible in gross income under Code
Section 125 shall be deemed to include any amounts not available to a
Participant in cash in lieu of group health coverage because the Participant is
unable to certify that the Participant has other health coverage, provided the
Employer does not request or collect information regarding the Participant's
other health coverage as part of the enrollment process for the health
plan.

      

      (b)   
including Post-Severance Compensation.

      

      1.40     "414(s) Compensation" means
415 Compensation or any other definition of compensation that satisfies the
nondiscrimination requirements of Code Section 414(s) and the Regulations
thereunder. The period for determining 414(s) Compensation must be either
the Plan Year or the calendar year ending with or within the Plan Year. An
Employer may further limit the period taken into account to that part of the
Plan Year or calendar year in which an Employee was a Participant in the
component of the Plan being tested. The period used to determine
414(s) Compensation must be applied uniformly to all Participants for the
Plan Year.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      

      1.41     "Highly Compensated Employee"
means an Employee described in Code Section 414(q) and the Regulations
thereunder, and generally means any Employee who: 

      

      (a)   
was a "five percent owner" as defined in Section 1.46(b) at any time during
the "determination year" or the "look-back year"; or

      

      (b)   
for the "look-back year" had 415 Compensation from the Employer in excess of
$80,000. The $80,000 amount is adjusted at the same time and in the same manner
as under Code Section 415(d), except that the base period is the calendar
quarter ending September 30, 1996.

      

      The
"determination year" means the Plan Year for which testing is being performed,
and the "look-back year" means the immediately preceding twelve (12) month
period.

      

      In
determining who is a Highly Compensated Employee, Employees who are nonresident
aliens and who received no earned income (within the meaning of Code
Section 911(d)(2)) from the Employer constituting United States source
income within the meaning of Code Section 861(a)(3) shall not be treated as
Employees. If an Employee who is a nonresident alien has U.S. source income,
that Employee is treated as satisfying this definition if all of such Employee's
U.S. source income from the Employer is exempt from U.S. income tax under an
applicable income tax treaty. Additionally, all Affiliated Employers shall be
taken into account as a single employer and Leased Employees within the meaning
of Code Sections 414(n)(2) and 414(o)(2) shall be considered Employees
unless such Leased Employees are covered by a plan described in Code
Section 414(n)(5) and are not covered in any qualified plan maintained by
the Employer. The exclusion of Leased Employees for this purpose shall be
applied on a uniform and consistent basis for all of the Employer's retirement
plans. Highly Compensated Former Employees shall be treated as Highly
Compensated Employees without regard to whether they performed services during
the "determination year."

      

      1.42     "Highly Compensated
Participant" means, for a particular Plan Year, a Participant who meets
the definition of a Highly Compensated Employee in effect for that Plan
Year.

      

      1.43     "Hour of Service" means
(1) each hour for which an Employee is directly or indirectly compensated
or entitled to Compensation by the Employer for the performance of duties (these
hours will be credited to the Employee for the computation period in which the
duties are performed); (2) each hour for which an Employee is directly or
indirectly compensated or entitled to compensation by the Employer (irrespective
of whether the employment relationship has terminated) for reasons other than
performance of duties (such as vacation, holidays, sickness, jury duty,
disability, lay-off, military duty or leave of absence) during the applicable
computation period (these hours will be calculated and credited pursuant to
Department of Labor regulation 2530.200b-2, which is incorporated herein by
reference); (3) each hour for which back pay is awarded or agreed to by the
Employer without regard to mitigation of damages (these hours will be credited
to the Employee for the computation period or periods to which the award or
agreement pertains rather than the computation period in which the award,
agreement or payment is made). The same Hours of Service shall not be credited
both under (1) or (2), as the case may be, and under (3).

      

      Notwithstanding
(2) above, (i) no more than 501 Hours of Service are required to be
credited to an Employee on account of any single continuous period during which
the Employee performs no duties (whether or not such period occurs in a single
computation period); (ii) an hour for which an Employee is directly or
indirectly paid, or entitled to payment, on account of a period during which no
duties are performed is not required to be credited to the Employee if such
payment is made or due under a plan maintained solely for the purpose of
complying with applicable worker's compensation, or unemployment compensation or
disability insurance laws; and (iii) Hours of Service are not required to
be credited for a payment which solely reimburses an Employee for medical or
medically related expenses incurred by the Employee.

      

      For
purposes of (2) above, a payment shall be deemed to be made by or due from the
Employer regardless of whether such payment is made by or due from the Employer
directly, or indirectly through, among others, a trust fund, or insurer, to
which the Employer contributes or pays premiums and regardless of whether
contributions made or due to the trust fund, insurer, or other entity are for
the benefit of particular Employees or are on behalf of a group of Employees in
the aggregate.

      

      For
purposes of this Section, Hours of Service will be credited for employment with
any Affiliated Employers. The provisions of Department of Labor
regulations 2530.200b-2(b) and (c) are incorporated herein by
reference.

      

      1.44     "Income" means the gains or
losses for the "applicable computation period" allocable to an "excess amount",
which amount shall be determined and allocated, at the discretion of the
Administrator, using any of the methods set forth below:

      

      (a)   
Method of allocating Income. The Administrator may use any reasonable method for
computing the Income allocable to an "excess amount" for the "applicable
computation period," provided that the method is used consistently for all
Participants and for all corrective distributions under the Plan for the
"applicable computation period," and is used by the Plan for allocating earnings
to a Participant's "specific account(s)."

      

      (b)   
Alternative method of allocating Income. The Administrator may allocate Income
to an "excess amount" for the "applicable computation period" by multiplying the
earnings for the "applicable computation period" allocable to the "Employer
contributions" taken into account under the test or limitation giving rise to
such "excess amount" by a fraction, the numerator of which is the "excess
amount" for the Employee for the "applicable computation period," and the
denominator of which is the sum of:

      

      (1)   
The "specific account(s)" balance(s) taken into account under the test or
limitation giving rise to such "excess amount" as of the beginning of the
"applicable computation period," and

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      

      (2)   
Any additional amount of such "Employer contributions" made for the "applicable
computation period" to the "specific account(s)."

      

      (c)  
For purposes of calculating the Income attributable to Excess Deferrals of
Section 4.2(g), the terms "applicable computation period", "Employer
contributions", "excess amount", and "specific account(s)" will have the
following substitutions:

      

      (1)   
The taxable year of the Participant shall be substituted for the "applicable
computation period";

      

      (2)   
Elective Deferrals shall be substituted for "Employer
contributions";

      

      (3)   
Excess Deferrals shall be substituted for "excess amount"; and

      

      (4)   
The Elective Deferral Account shall be substituted for the "specific
account(s)."

      

      (d)  
For purposes of calculating the Income attributable to Excess Contributions of
Section 4.6(b), the terms "applicable computation period", "Employer
contributions", "excess amount", and "specific account(s)" will have the
following substitutions:

      

      (1)   
The Plan Year shall be substituted for the "applicable computation
period";

      

      (2)   
Elective Deferrals, and other contributions included in determining the ADR
under Section 1.9, shall be substituted for "Employer
contributions";

      

      (3)   
Excess Contributions shall be substituted for "excess amount";

      

      (4)   
The Elective Deferral Account, and, if included in the determination of the ADR
under Section 1.9, the Qualified Matching Contribution and/or the Qualified
Nonelective Contribution Account(s), shall be substituted for the "specific
account(s)."

      

      (e)   For
purposes of calculating the Income attributable to Excess Aggregate
Contributions of Section 4.8(b), the terms "applicable computation period",
"Employer contributions", "excess amount", and "specific account(s)" will have
the following substitutions:

      

      (1)   
The Plan Year shall be substituted for the "applicable computation
period";

      

      (2)   
Any Matching Contributions which are made pursuant to Section 4.1(b); Qualified
Matching Contributions (to the extent such Qualified Matching Contributions are
not used to satisfy the ADP Test) and Qualified Nonelective Contributions (to
the extent not used to satisfy the ADP Test) shall be substituted for "Employer
contributions." Elective Deferrals may be included in the substitution listed
above, provided the ADP Test is met before the Elective Deferrals are used in
the ACP Test and continues to be met following the exclusion of those Elective
Deferrals that are used to meet the ACP Test. However, Matching Contributions
that are forfeited either to correct Excess Aggregate Contributions or due to
Code Section 401(a)(4) and the Regulations thereunder because the contributions
to which they relate are Excess Deferrals, Excess Contributions, or Excess
Aggregate Contributions shall not be included in the substitution listed
above.

      

      (3)   
Excess Aggregate Contributions shall be substituted for "excess
amount";

      

      (4)   
The Matching Contribution Account, Qualified Matching Contribution Account and
Qualified Nonelective Contribution Account shall be substituted for the
"specific account(s)."

      

      (f)   With
respect to Excess Contributions and Excess Aggregate Contributions, effective
beginning with the first Plan Year beginning in 2006, Income for the period
between the end of the Plan Year and the date of the distribution (the "gap
period") is required to be distributed. A Plan will not fail to use a reasonable
method for computing the Income that is allocable to Excess Contributions and
Excess Aggregate Contributions merely because the Income allocable to Excess
Contributions and Excess Aggregate Contributions is determined on a date that is
no more than 7 days before the distribution. Income for the "gap period" shall
be calculated by using any of the methods set forth below:

      

      (1)   
Safe harbor method of allocating "gap period" income. The Administrator may
use the safe harbor method in this paragraph to determine the Income on Excess
Contributions and Excess Aggregate Contributions for the "gap period." Under
this safe harbor method, Income on Excess Contributions and Excess Aggregate
Contributions for the "gap period" is equal to 10% of the Income allocable to
Excess Contributions and Excess Aggregate Contributions for the Plan Year that
would be determined under paragraph (b) above (with the appropriate
substitutions of paragraph (d) and paragraph (e)), multiplied by the number of
calendar months that have elapsed since the end of the Plan Year. For purposes
of calculating the number of calendar months that have elapsed under this safe
harbor method, a corrective distribution that is made on or before the fifteenth
day of a month is treated as made on the last day of the preceding month and a
distribution made after the fifteenth day of a month is treated as made on the
last day of the month.

      

      (2)   
Alternative method for allocating Plan Year and "gap period" income. The
Administrator may determine the allocable Income for the aggregate of the Plan
Year and the "gap period" by applying the alternative method provided by
paragraph (b) above with respect to the entire period represented by the Plan
Year and the "gap period", rather than just the Plan Year.

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      

      1.45     "Investment Manager" means any
Fiduciary described in Act Section 3(38).

      

      1.46     "Key Employee" means, for Plan
Years beginning after December 31, 2001, an Employee as defined in Code
Section 416(i) and the Regulations thereunder. Generally, any Employee or
Former Employee (as well as each of the Employee's or Former Employee's
Beneficiaries) is considered a Key Employee if the Employee or Former Employee,
at any time during the Plan Year that contains the "determination date" is
described in one of the following categories:

      

      (a)   
an officer of the Employer (as that term is defined within the meaning of the
Regulations under Code Section 416) having annual 415 Compensation greater
than $130,000 (as adjusted under Code Section 416(i)(1) for Plan Years beginning
after December 31, 2002).

      

      (b)   
a "five percent owner" of the Employer. "Five percent owner" means any person
who owns (or is considered as owning within the meaning of Code
Section 318) more than five percent (5%) of the outstanding stock of
the Employer or stock possessing more than five percent (5%) of the total
combined voting power of all stock of the Employer or, in the case of an
unincorporated business, any person who owns more than five percent (5%) of
the capital or profits interest in the Employer. In determining percentage
ownership hereunder, employers that would otherwise be aggregated under Code
Sections 414(b), (c), (m) and (o) shall be treated as separate
employers.

      

      (c)   
a "one percent owner" of the Employer having an annual 415 Compensation from the
Employer of more than $150,000. "One percent owner" means any person who owns
(or is considered as owning within the meaning of Code Section 318) more
than one percent (1%) of the outstanding stock of the Employer or stock
possessing more than one percent (1%) of the total combined voting power of all
stock of the Employer or, in the case of an unincorporated business, any person
who owns more than one percent (1%) of the capital or profits interest in the
Employer. In determining percentage ownership hereunder, employers that would
otherwise be aggregated under Code Sections 414(b), (c), (m) and (o)
shall be treated as separate employers. However, in determining whether an
individual has 415 Compensation of more than $150,000, 415 Compensation from
each employer required to be aggregated under Code Sections 414(b), (c),
(m) and (o) shall be taken into account.

      

      In
determining percentage ownership hereunder, employers that would otherwise be
aggregated under Code Sections 414(b), (c), (m) and (o) shall be treated as
separate employers. In determining whether an individual has 415 Compensation of
more than $150,000, 415 Compensation from each employer required to be
aggregated under Code Sections 414(b), (c), (m) and (o) shall be taken into
account.

      

      1.47     "Late Retirement Date" means a
Participant's actual Retirement Date after having reached Normal Retirement
Date.

      

      1.48     "Leased Employee" means any
person (other than an Employee of the recipient Employer) who, pursuant to an
agreement between the recipient Employer and any other person or entity
("leasing organization"), has performed services for the recipient (or for the
recipient and related persons determined in accordance with Code Section
414(n)(6)) on a substantially full time basis for a period of at least one year,
and such services are performed under primary direction or control by the
recipient Employer. Contributions or benefits provided a Leased Employee by the
leasing organization which are attributable to services performed for the
recipient Employer shall be treated as provided by the recipient Employer.
Furthermore, Compensation for a Leased Employee shall only include Compensation
from the leasing organization that is attributable to services performed for the
recipient Employer.

      

      A Leased
Employee shall not be considered an employee of the recipient Employer if:
(a) such employee is covered by a money purchase pension plan providing:
(1) a non-integrated employer contribution rate of at least ten percent
(10%) of compensation, as defined in Code Section 415(c)(3),
(2) immediate participation, and (3) full and immediate vesting; and
(b) leased employees do not constitute more than twenty percent (20%) of the
recipient Employer's nonhighly compensated work force.

      

      1.49     "Limitation Year" means the
Plan Year. However, the Employer may elect a different Limitation Year by
amending the Plan. All qualified plans maintained by the Employer must use the
same Limitation Year. Furthermore, unless there is a change to a new Limitation
Year, the Limitation Year will be a twelve (12) consecutive month period. In the
case of an initial Limitation Year, the Limitation Year will be the twelve (12)
consecutive month period ending on the last day of the initial Plan Year. If the
Limitation Year is amended to a different twelve (12) consecutive month period,
the new Limitation Year must begin on a date within the Limitation Year in which
the amendment is made.

      

      1.50     "Matching Contribution" means
any Employer contribution (including a contribution made at the Employer's
discretion) to the Plan on account of a Participant's Elective
Deferrals.

      

      1.51     "Matching Contribution
Account" means the separate account established and maintained by the
Administrator for each Participant with respect to the Participant's total
interest in the Plan resulting from Matching Contributions. However, if Matching
Contributions are Qualified Matching Contributions, then such Qualified Matching
Contributions shall be allocated to the Qualified Matching Contribution
Account.

      

      1.52     "Nonelective Contribution"
means any Employer contribution (including a contribution made at the Employer's
discretion) to the Plan, other than a Participant's Elective Deferrals, Matching
Contributions, Qualified Matching Contributions and Qualified Nonelective
Contributions.

      

      1.53     "Nonelective Contribution
Account" means the separate account established and maintained by the
Administrator for each Participant with respect to the Participant's total
interest in the Plan resulting from Nonelective Contributions.

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      

      1.54     "Nonhighly Compensated
Employee/Participant" means any Employee who is not a Highly Compensated
Employee. However, for purposes of Section 4.5(a) and Section 4.7(a),
if the prior year testing method is used, a Nonhighly Compensated Employee shall
be determined using the definition of Highly Compensated Employee in effect for
the preceding Plan Year. A Nonhighly Compensated Participant is a Participant
who is not a Highly Compensated Employee.

      

      A
Participant is a Nonhighly Compensated Participant for a particular Plan Year if
such Participant does not meet the definition of a Highly Compensated Employee
in effect for that Plan Year.

      

      1.55     "Non-Key Employee" means any
Employee or Former Employee (and such Employee's or Former Employee's
Beneficiaries) who is not a Key Employee.

      

      1.56     "Normal Retirement Age" means
the Participant's 65th birthday. A Participant shall become fully Vested in the
Participant's Account upon attaining Normal Retirement Age (if the Participant
is still employed by the Employer on or after that date). 

      

      1.57     "Normal Retirement Date" means
the date a Participant attains Normal Retirement Age.

      

      1.58     "1-Year Break in Service"
means a Period of Severance of at least 12 consecutive months.

      

      1.59     "Owner-Employee" means a sole
proprietor who owns the entire interest in the Employer or a partner (or member
in the case of a limited liability company treated as a partnership or sole
proprietorship for federal income tax purposes) who owns more than 10% of either
the capital interest or the profits interest in the Employer and who receives
income for personal services from the Employer.

      

      1.60     "Participant" means any
Employee or Former Employee who has satisfied the requirements of
Sections 3.1 and 3.2 and entered the Plan and is eligible to accrue
benefits under the Plan. In addition, the term "Participant" also includes any
individual who was a Participant (as defined in the preceding sentence) and who
must continue to be taken into account under a particular provision of the Plan
(e.g., because the Participant has an Account Balance in the Plan).

      

      1.61     "Participant Direction
Procedures" means such instructions, guidelines or policies, the terms of
which are incorporated herein, as shall be established pursuant to
Section 4.13 and observed by the Administrator and applied and provided to
Participants who have Participant Directed Accounts.

      

      1.62     "Participating Employer" means
an Employer who adopts the Plan pursuant to Section 10.1.

      

      1.63     "Period of Service" means each
twelve (12) month period of service commencing with the Employee's first day of
employment or reemployment with the Employer or Affiliated Employer and ending
on the date a 1-Year Break in Service begins. The first day of employment or
reemployment is the first day the Employee performs an Hour of Service. An
Employee who incurs a Period of Severance of twelve (12) months or less will
also receive service-spanning credit for all such Periods of Severance.
Fractional periods of a year will be expressed in terms of days. A Participant's
whole year Periods of Service is equal to the sum of all full and partial
periods of service, whether or not such service is continuous or contiguous, and
whether or not such service is actual service or imputed service (under the
service-spanning rule above), expressed in the number of whole years represented
by such sum.

      

      Periods
of Service with any Affiliated Employer shall be recognized. Furthermore,
Periods of Service with any predecessor employer that maintained this Plan shall
be recognized.

      

      In
addition, Periods of Service with P.F. Laboratories, Inc. and Laureate Pharma,
Inc. shall be recognized for purposes of eligibility, vesting and
allocations.

      

      In the
event the method of crediting service is amended from the hour-of-service method
to the elapsed-time method, an Employee will receive credit for a Period of
Service consisting of:

      

      (a)   
A number of years equal to the number of Years of Service credited to the
Employee before the computation period during which the amendment occurs;
and

      

      (b)   
The greater of (1) the Periods of Service that would be credited to the Employee
under the elapsed-time method for service during the entire computation period
in which the amendment occurs or (2) the service taken into account under the
hour-of-service method as of the date of the amendment.

      

      In
addition, the Employee will receive credit for service subsequent to the
amendment commencing on the day after the last day of the computation period in
which the amendment occurs.

      

      1.64     "Period of Severance" means a
continuous period of time during which an Employee is not employed by the
Employer. Such period begins on the date the Employee retires, quits or is
discharged, or if earlier, the twelve (12) month anniversary of the date on
which the Employee was otherwise first absent from service.

      

      In the
case of an individual who is absent from work for maternity or paternity
reasons, the twelve (12) consecutive month period beginning on the first
anniversary of the first day of such absence shall not constitute a 1-Year Break
in Service. For purposes of this paragraph, an absence from work for maternity
or paternity reasons means an absence (a) by reason of the pregnancy of the
individual, (b) by reason of the birth of a child of the individual,
(c) by reason of the placement of a child with the individual in connection
with the adoption of such child by such individual, or (d) for purposes of
caring for such child for a period beginning immediately following such birth or
placement.

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      

      1.65     "Plan" means this instrument,
including all amendments thereto.

      

      1.66     "Plan Year" means the Plan's
accounting year of twelve (12) months commencing on January 1st of each
year and ending the following December 31st.

      

      1.67     "Post-Severance Compensation"
means payments made within 2 1/2 months after severance from employment (within
the meaning of Code Section 401(k)(2)(B)(i)(I)) if they are payments that,
absent a severance from employment, would have been paid to the Employee while
the Employee continued in employment with the Employer and are regular
compensation for services during the Employee's regular working hours,
compensation for services outside the Employee's regular working hours (such as
overtime or shift differential), commissions, bonuses, or other similar
compensation, and payments for accrued bona fide sick, vacation or other leave,
but only if the Employee would have been able to use the leave if employment had
continued. Any payments not described above are not considered compensation if
paid after severance from employment, even if they are paid within 2 1/2
months following severance from employment, except for payments to an individual
who does not currently perform services for the Employer by reason of qualified
military service (within the meaning of Code Section 414(u)(1)) to the extent
these payments do not exceed the amounts the individual would have received if
the individual had continued to perform services for the Employer rather than
entering qualified military service.

      

      1.68     "Pre-Tax Elective Deferral
Account" means the portion of a Participant's Elective Deferral Account
that is attributable to Pre-Tax Elective Deferrals.

      

      1.69     "Pre-Tax Elective Deferrals"
means a Participant's Elective Deferrals that are not includible in the
Participant's gross income at the time deferred.

      

      1.70     "Qualified Matching
Contribution" means any Employer contribution (including a contribution
made at the Employer's discretion) to the Plan on account of a Participant's
Elective Deferrals that are designated as such pursuant to Sections 4.6 and
4.8.

      

      1.71     "Qualified Matching Contribution
Account" means the separate account established and maintained by the
Administrator for each Participant with respect to the Participant's total
interest in the Plan resulting from Qualified Matching Contributions. Amounts in
the Qualified Matching Contribution Account are nonforfeitable when made and are
subject to the distribution restrictions of Section 4.2(d).

      

      1.72     "Qualified Nonelective
Contribution" means any Employer contributions to the Plan that are
designated as such pursuant to Sections 4.1(c), 4.6 and 4.8 or any other provision
of the Plan. Qualified Nonelective Contributions may be used to satisfy the ADP
Test or the ACP Test. All such contributions shall be allocated to the Qualified
Nonelective Contribution Account, and shall be fully vested and subject to the
restrictions on distributions from that Account.

      

      1.73     "Qualified Nonelective Contribution
Account" means the separate account established and maintained by the
Administrator for each Participant with respect to the Participant's total
interest in the Plan resulting from Qualified Nonelective Contributions. Amounts
in the Qualified Nonelective Contribution Account are nonforfeitable when made
and are subject to the distribution restrictions of
Section 4.2(d).

      

      1.74     "Regulation" means the Income
Tax Regulations as promulgated by the Secretary of the Treasury or a delegate of
the Secretary of the Treasury, and as amended from time to time.

      

      1.75     "Retirement Date" means the
date as of which a Participant retires for reasons other than Disability,
whether such retirement occurs on a Participant's Normal Retirement Date or Late
Retirement Date.

      

      1.76     "Rollover Account" means the
separate account established and maintained by the Administrator for each
Participant with respect to such Participant's interest in the Plan resulting
from amounts that are rolled over from another plan or Individual Retirement
Account in accordance with Section 4.12. Amounts in the Rollover Account
are nonforfeitable when made.

      

      A
separate accounting shall be maintained with respect to any portion of the
Rollover Account that is attributable to amounts treated as Roth elective
deferrals.

      

      1.77     "Roth Elective Deferral
Account" means the separate account established and maintained by the
Administrator for each Participant with respect to the Participant's total
interest in the Plan resulting from Roth Elective Deferrals. Amounts in the Roth
Elective Deferral Account are nonforfeitable when made and are subject to the
distribution restrictions of Section 4.2(d).

      

      1.78     "Roth Elective Deferrals"
means, effective May 1, 2008, a Participant's Elective Deferrals that are
includible in the Participant's gross income at the time deferred and have been
irrevocably designated as Roth Elective Deferrals by the Participant in his or
her deferral election.

      

      1.79     "Self-Employed Individual"
means an individual, other than an independent contractor, who has Earned Income
for the taxable year from the trade or business for which the Plan is
established, and, also, an individual who would have had Earned Income but for
the fact that the trade or business had no net profits for the taxable year. A
Self-Employed Individual shall be treated as an Employee.

      
        
           

        

        
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      1.80     "Shareholder-Employee" means a
Participant who owns more than five percent (5%) of the Employer's outstanding
capital stock during any year in which the Employer elected to be taxed as a
Small Business Corporation under the applicable Code Section.

      

      1.81     "Terminated Participant" means
a person who has been a Participant, but whose employment has been terminated
other than by death, Disability or retirement.

      

      1.82     "Top-Heavy Plan" means a plan
described in Section 8.1(a).

      

      1.83     "Top-Heavy Plan Year" means a
Plan Year during which the Plan is a Top-Heavy Plan.

      

      1.84     "Total Vested Benefit" means
the total Participant's Vested Account balances derived from Employer and
Employee contributions, including rollover contributions, whether Vested before
or upon death.

      

      1.85     "Transfer Account" means the
separate account established and maintained by the Administrator for each
Participant with respect to the Participant's total interest in the Plan
resulting from amounts transferred to this Plan from a direct plan-to-plan
transfer in accordance with Section 4.11. To the extent that the Plan is a
direct or indirect transferee of a defined benefit or defined contribution
pension plan, then the funds transferred to this Plan from such other plan shall
be treated as funds that are subject to a life annuity form of payment as well
as the survivor annuity requirements of Code Sections 401(a)(11) and 417 (and
are part of the Participant's Pre-Retirement Survivor Annuity Account). The
preceding sentence does not apply to amounts rolled over into a Participant's
Rollover Account, even if from a pension plan.

      

      1.86     "Trustee" means the person or
entity named as trustee herein or in any separate trust forming a part of this
Plan, and any successors, effective upon the written acceptance of such person
or entity to serve as Trustee.

      

      1.87     "Trust Fund" means the assets
of the Plan and Trust as the same shall exist from time to time.

      

      1.88     "Valuation Date" means the
Anniversary Date and may include any other date or dates deemed necessary or
appropriate by the Administrator for the valuation of the Participants' Accounts
during the Plan Year, which may include any day that the Trustee, any transfer
agent appointed by the Trustee or the Employer or any stock exchange used by
such agent, is open for business. Nothing in this Plan requires or implies a
uniform Valuation Date for all Accounts; thus certain valuation provisions that
apply to an Account that is not valued on each business day will have no
application, in operation, to an Account that is valued on each business
day.

      

      1.89     "Vested" means the
nonforfeitable portion of any account maintained on behalf of a
Participant.

      

      ARTICLE
II

      ADMINISTRATION

      

      2.1      POWERS
AND RESPONSIBILITIES OF THE EMPLOYER

      

      (a)    Appointment of Trustee and
Administrator. In addition to the general powers and responsibilities
otherwise provided for in this Plan, the Employer shall be empowered to appoint
and remove the Trustee and the Administrator from time to time as it deems
necessary for the proper administration of the Plan to ensure that the Plan is
being operated for the exclusive benefit of the Participants and their
Beneficiaries in accordance with the terms of the Act, the Plan and the Code.
The Employer may appoint counsel, specialists, advisers, agents (including any
nonfiduciary agent) and other persons as the Employer deems necessary or
desirable in connection with the exercise of its fiduciary duties under this
Plan. The Employer may compensate such agents or advisers from the assets of the
Plan as fiduciary expenses (but not including any business (settlor) expenses of
the Employer), to the extent not paid by the Employer.

      

      (b)    Appointment of Investment Manager.
The Employer may appoint, at its option, an Investment Manager (qualified
under the Investment Company Act of 1940 as amended), investment adviser, or
other agent to provide investment direction to the Trustee with respect to any
or all of the Plan assets. Such appointment shall be given by the Employer in
writing in a form acceptable to the Trustee and shall specifically identify the
Plan assets with respect to which the Investment Manager or other agent shall
have authority to direct the investment.

      

      (c)    Funding policy and method. The
Employer shall establish a funding policy and method, i.e., it shall determine
whether the Plan has a short run need for liquidity (e.g., to pay benefits) or
whether liquidity is a long run goal and investment growth (and stability of
same) is a more current need, or shall appoint a qualified person to do so. The
Employer or its delegate shall communicate such needs and goals to the Trustee,
who shall coordinate such Plan needs with its investment policy. The
communication of such a funding policy and method shall not, however, constitute
a directive to the Trustee as to the investment of the Trust Funds. Such funding
policy and method shall be consistent with the objectives of this Plan and with
the requirements of Title I of the Act.

      

      (d)    Review of fiduciary performance.
The Employer shall periodically review the performance of any Fiduciary
or other person to whom duties have been delegated or allocated by it under the
provisions of this Plan or pursuant to procedures established hereunder. This
requirement may be satisfied by formal periodic review by the Employer or by a
qualified person specifically designated by the Employer, through day-to-day
conduct and evaluation, or through other appropriate ways.

      

      2.2     DESIGNATION
OF ADMINISTRATIVE AUTHORITY

      

      The
Employer shall be the Administrator. The Employer may appoint any person,
including, but not limited to, the Employees of the Employer, to perform the
duties of the Administrator. Any person so appointed shall signify acceptance by
filing written acceptance with the Employer. Upon the resignation or removal of
any individual performing the duties of the Administrator, the Employer may
designate a successor.

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

      

      2.3     ALLOCATION
AND DELEGATION OF RESPONSIBILITIES

      

      If more
than one person is serving as Administrator, the responsibilities of each
Administrator may be specified by the Employer and accepted in writing by each
Administrator. In the event that no such delegation is made by the Employer, the
Administrators may allocate the responsibilities among themselves, in which
event the Administrators shall notify the Employer and the Trustee in writing of
such action and specify the responsibilities of each Administrator. The Trustee
thereafter shall accept and rely upon any documents executed by the appropriate
Administrator until such time as the Employer or the Administrators file with
the Trustee a written revocation of such designation.

      

      2.4     POWERS
AND DUTIES OF THE ADMINISTRATOR

      

      The
primary responsibility of the Administrator is to administer the Plan for the
exclusive benefit of the Participants and their Beneficiaries, subject to the
specific terms of the Plan. The Administrator shall administer the Plan in
accordance with its terms and shall have the power and discretion to construe
the terms of the Plan and to determine all questions arising in connection with
the administration, interpretation, and application of the Plan. Benefits under
this Plan will be paid only if the Administrator decides in its discretion that
the applicant is entitled to them. Any such determination by the Administrator
shall be conclusive and binding upon all persons. The Administrator may
establish procedures, correct any defect, supply any information, or reconcile
any inconsistency in such manner and to such extent as shall be deemed necessary
or advisable to carry out the purpose of the Plan; provided, however, that any
procedure, discretionary act, interpretation or construction shall be done in a
nondiscriminatory manner based upon uniform principles consistently applied and
shall be consistent with the intent that the Plan shall continue to be deemed a
qualified plan under the terms of Code Section 401(a), and shall comply
with the terms of the Act and all regulations issued pursuant thereto. The
Administrator shall have all powers necessary or appropriate to accomplish the
Administrator's duties under the Plan.

      

      The
Administrator shall be charged with the duties of the general administration of
the Plan as set forth under the terms of the Plan, including, but not limited
to, the following:

      

      (a)    the
discretion to determine all questions relating to the eligibility of Employees
to participate or remain a Participant hereunder and to receive benefits under
the Plan;

      

      (b)    the
authority to review and settle all claims against the Plan, including claims
where the settlement amount cannot be calculated or is not calculated in
accordance with the Plan's benefit formula. This authority specifically permits
the Administrator to settle disputed claims for benefits and any other disputed
claims made against the Plan;

      

      (c)    to
compute, certify, and direct the Trustee with respect to the amount and the kind
of benefits to which any Participant shall be entitled hereunder;

      

      (d)    to
authorize and direct the Trustee with respect to all discretionary or otherwise
directed disbursements from the Trust;

      

      (e)    to
maintain all necessary records for the administration of the Plan;

      

      (f)    to
interpret the provisions of the Plan and to make and publish such rules for
regulation of the Plan as are consistent with the terms hereof;

      

      (g)    to
determine the size and type of any Contract to be purchased from any insurer,
and to designate the insurer from which such Contract shall be
purchased;

      

      (h)    to
compute and certify to the Employer and to the Trustee from time to time the
sums of money necessary or desirable to be contributed to the Plan;

      

      (i)   
 to consult with the Employer and the Trustee regarding the short and
long-term liquidity needs of the Plan in order that the Trustee can exercise any
investment discretion (if the Trustee has such discretion) in a manner designed
to accomplish specific objectives;

      

      (j)    
to prepare and implement a procedure to notify Eligible Employees that they may
elect to have a portion of their Compensation deferred or paid to them in
cash;

      

      (k)    to
act as the named Fiduciary responsible for communications with Participants as
needed to maintain Plan compliance with Act Section 404(c), including, but
not limited to, the receipt and transmitting of Participant's directions as to
the investment of their account(s) under the Plan and the formulation of
policies, rules, and procedures pursuant to which Participants may give
investment instructions with respect to the investment of their
accounts;

      

      (l)    
to determine the validity of, and take appropriate action with respect to, any
qualified domestic relations order received by it; and

      

      (m)   to
assist any Participant regarding the Participant's rights, benefits, or
elections available under the Plan.

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

      

      2.5      RECORDS
AND REPORTS

      

      The
Administrator shall keep a record of all actions taken and shall keep all other
books of account, records, policies, and other data that may be necessary for
proper administration of the Plan and shall be responsible for supplying all
information and reports to the Internal Revenue Service, Department of Labor,
Participants, Beneficiaries and others as required by law.

      

      2.6      APPOINTMENT
OF ADVISERS

      

      The
Administrator, or the Trustee with the consent of the Administrator, may appoint
counsel, specialists, advisers, agents (including nonfiduciary agents) and other
persons as the Administrator or the Trustee deems necessary or desirable in
connection with the administration of this Plan, including but not limited to
agents and advisers to assist with the administration and management of the
Plan, and thereby to provide, among such other duties as the Administrator may
appoint, assistance with maintaining Plan records and the providing of
investment information to the Plan's investment fiduciaries and to Plan
Participants.

      

      2.7      PAYMENT
OF EXPENSES

      

      All
reasonable expenses of administration may be paid out of the Plan assets unless
paid by the Employer. Such expenses shall include any expenses incident to the
functioning of the Administrator, or any person or persons retained or appointed
by any named Fiduciary incident to the exercise of their duties under the Plan,
including, but not limited to, fees of accountants, counsel, Investment
Managers, agents (including nonfiduciary agents) appointed for the purpose of
assisting the Administrator or the Trustee in carrying out the instructions of
Participants as to the directed investment of their accounts (if permitted) and
other specialists and their agents, the costs of any bonds required pursuant to
Act Section 412, and other costs of administering the Plan. Until paid, the
expenses shall constitute a liability of the Trust Fund. In addition, unless
specifically prohibited under statute, regulation or other guidance of general
applicability, the Administrator may charge to the Account of an individual
Participant a reasonable charge to offset the cost of making a distribution to
the Participant, Beneficiary, or alternate payee under a qualified domestic
relation order, as defined in Code Section 414(p). If liquid assets of the Plan
are insufficient to cover the fees of the Trustee or the Plan Administrator,
then Plan assets shall be liquidated to the extent necessary for such fees. In
the event any part of the Plan assets becomes subject to tax, all taxes incurred
will be paid from the Plan assets. Until paid, the expenses shall constitute a
liability of the Trust Fund.

      

      2.8      CLAIMS
PROCEDURE

      

      Claims
for benefits under the Plan may be filed in writing with the Administrator.
Written notice of the disposition of a claim shall be furnished to the claimant
within ninety (90) days (45 days if the claim involves disability benefits)
after the application is filed, or such period as is required by applicable law
or Department of Labor regulation. In the event the claim is denied, the reasons
for the denial shall be specifically set forth in the notice in language
calculated to be understood by the claimant, pertinent provisions of the Plan
shall be cited, and, where appropriate, an explanation as to how the claimant
can perfect the claim will be provided. In addition, the claimant shall be
furnished with an explanation of the Plan's claims review
procedure.

      

      2.9      CLAIMS
REVIEW PROCEDURE

      

      Any
Employee, Former Employee, or Beneficiary of either, who has been denied a
benefit by a decision of the Administrator pursuant to Section 2.8 shall be
entitled to request the Administrator to give further consideration to a claim
by filing with the Administrator a written request for a hearing. Such request,
together with a written statement of the reasons why the claimant believes the
claim should be allowed, shall be filed with the Administrator no later than
sixty (60) days (45 days if the claim involves disability benefits) after
receipt of the written notification provided for in Section 2.8. The
Administrator shall then conduct a hearing within the next 60 days (45 days if
the claim involves disability benefits), at which the claimant may be
represented by an attorney or any other representative of such claimant's
choosing and expense and at which the claimant shall have an opportunity to
submit written and oral evidence and arguments in support of the claim. At the
hearing the claimant or the claimant's representative shall have an opportunity
to review all documents in the possession of the Administrator which are
pertinent to the claim at issue and its disallowance. A final decision as to the
allowance of the claim shall be made by the Administrator within sixty (60) days
(45 days if the claim involves disability benefits) of receipt of the appeal
(unless there has been an extension of sixty (60) days (45 days if the claim
involves disability benefits) due to special circumstances, provided the delay
and the special circumstances occasioning it are communicated to the claimant
within the 60-day period (45 days if the claim involves disability benefits)).
Such communication shall be written in a manner calculated to be understood by
the claimant and shall include specific reasons for the decision and specific
references to the pertinent Plan provisions on which the decision is based.
Notwithstanding the preceding, to the extent any of the time periods specified
in this Section are amended by law or Department of Labor regulation, then the
time frames specified herein shall automatically be changed in accordance with
such law or regulation.

      

      If the
Administrator, pursuant to the claims review procedure, makes a final written
determination denying a Participant's or Beneficiary's benefit claim, then in
order to preserve the claim, the Participant or Beneficiary must file an action
with respect to the denied claim not later than one hundred eighty (180) days
following the date of the Administrator's final determination.

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

      

      ARTICLE
III

      ELIGIBILITY

      

      3.1      CONDITIONS
OF ELIGIBILITY

      

      (a)    Eligibility. For all Plan
purposes, any Eligible Employee who has completed a 1 month Period of Service
and has attained age 21 shall be eligible to participate hereunder as of the
date such Employee has satisfied such requirements. However, any Employee who
was a Participant in the Plan prior to the effective date of this amendment and
restatement shall continue to participate in the Plan.

      

      3.2      EFFECTIVE
DATE OF PARTICIPATION

      

      (a)    Effective date of
participation. An Eligible Employee shall become a Participant effective
as of the first day of the month coinciding with or next following the date on
which such Employee met the eligibility requirements of Section 3.1 (or if
sooner, the first day of the following Plan Year), provided said Employee was
still employed as of such date (or if not employed on such date, as of the date
of rehire if a 1-Year Break in Service has not occurred or, if later, the date
that the Employee would have otherwise entered the Plan had the Employee not
terminated employment).

      

      (b)    Recognition of other employer
service. If an Eligible Employee satisfies the eligibility requirement
conditions of a specific component of the Plan by reason of recognition of
service with an entity that is not an Affiliated Employer, then such Employee
shall become a Participant in such component of the Plan as of the day that the
Plan credits such service with the entity or, if later, the date the Employee
would have otherwise entered such component of the Plan had the service with the
entity not been recognized for purposes of this Plan.

      

      (c)    Ineligible to eligible
classification. If an Employee, who has satisfied the Plan's eligibility
requirements and would otherwise have become a Participant in the Plan, shall go
from a classification of an ineligible Employee to an Eligible Employee, such
Employee shall become a Participant in the Plan on the date such Employee
becomes an Eligible Employee or, if later, the date that the Employee would have
otherwise entered the Plan had the Employee always been an Eligible
Employee.

      

      (d)    Eligible to ineligible
classification. If an Employee, who has satisfied the Plan's eligibility
requirements and would otherwise become a Participant in the Plan, shall go from
a classification of an Eligible Employee to an ineligible class of Employees,
such Employee shall become a Participant in the Plan on the date such Employee
again becomes an Eligible Employee, or, if later, the date that the Employee
would have otherwise entered the Plan had the Employee always been an Eligible
Employee. However, if such Employee incurs five (5) consecutive 1-Year Breaks in
Service, eligibility will be determined under the Break in Service rules set
forth in Section 3.5.

      

      3.3      DETERMINATION
OF ELIGIBILITY

      

      The
Administrator shall determine the eligibility of each Employee for participation
in the Plan based upon information furnished by the Employer. Such determination
shall be conclusive and binding upon all persons, as long as the same is made
pursuant to the Plan and the Act. Such determination shall be subject to review
pursuant to Section 2.9.

      

      3.4      TERMINATION
OF ELIGIBILITY

      

      In the
event a Participant shall go from a classification of an Eligible Employee to an
ineligible Employee with respect to the Plan, then such Participant shall
continue to Vest in the Plan for each Period of Service completed while an
ineligible Employee, until such time as the Participant's Account is forfeited
or distributed pursuant to the terms of the Plan. Additionally, the
Participant's interest in the Plan shall continue to share in the earnings of
the Trust Fund.

      

      3.5      REHIRED
EMPLOYEES AND BREAKS IN SERVICE

      

      (a)    Reemployed before five (5)
consecutive 1-Year Breaks in Service. If any Employee becomes a Former
Employee due to severance from employment with the Employer and is reemployed by
the Employer before five (5) consecutive 1-Year Breaks in Service occur, then
the Former Employee's prior service shall count in the same manner as if
severance from employment with the Employer had not occurred. If any Participant
ceases to be a Participant due to severance from employment with the Employer
and is reemployed by the Employer before five (5) consecutive 1-Year Breaks in
Service occur, then the Participant shall resume participation (in the same
manner as if severance from employment with the Employer had not occurred) as of
the reemployment date.

      

      (b)    Reemployed after five (5) consecutive
1-Year Breaks in Service ("rule of parity" provisions). If any Employee
becomes a Former Employee due to severance from employment with the Employer and
is reemployed after a 5-Year Break in Service has occurred, Periods of Service
shall include Periods of Service prior to the 5-year break in service subject to
the following rules:

      

      (1)    Rule of parity. In the case of
a Participant who under the Plan does not have a nonforfeitable right to any
interest in the Plan resulting from Employer contributions, Periods of Service
before a period of consecutive 1-Year Breaks in Service will not be taken into
account if the number of consecutive 1-Year Breaks in Service equal or exceed
the greater of (A) five (5) or (B) the aggregate number of pre-break
Periods of Service. Such aggregate number of Periods of Service will not include
any Periods of Service disregarded under the preceding sentence by reason of
prior period of five (5) consecutive 1-Year Breaks in Service.

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

      

      (2)    Participation in Plan. A
Former Employee shall participate in the Plan as of the date of reemployment, or
if later, as of the date that the Former Employee would otherwise enter the Plan
pursuant to Sections 3.1 and 3.2 taking into account all service not
disregarded in this subsection.

      

      (c)    Vesting after five (5) consecutive
1-Year Breaks in Service. After a Participant who has severed employment
with the Employer incurs five (5) consecutive 1-Year Breaks in Service, the
Vested portion of said Participant's Account attributable to pre-break service
shall not be increased as a result of post-break service. In such case, separate
accounts will be maintained as follows:

      

      (1)    one
account for nonforfeitable benefits attributable to pre-break service;
and

      

      (2)    one
account representing the Participant's Employer derived account balance in the
Plan attributable to post-break service.

      

      (d)    Buyback provisions. If any
Participant severs employment with the Employer and is reemployed by the
Employer before five (5) consecutive 1-Year Breaks in Service, and such
Participant had received a distribution of the entire Vested interest prior to
reemployment, then the forfeited account shall be reinstated only if the
Participant repays the full amount which had been distributed. Such repayment
must be made before the earlier of five (5) years after the first date on
which the Participant is subsequently reemployed by the Employer or the close of
the first period of five (5) consecutive 1-Year Breaks in Service
commencing after the distribution. If a distribution occurs for any reason other
than a severance of employment, the time for repayment may not end earlier than
five (5) years after the date of distribution. In the event the Participant
does repay the full amount distributed, the undistributed forfeited portion of
the Participant's Account must be restored in full, unadjusted by any gains or
losses occurring subsequent to the Valuation Date preceding the distribution.
The source for such reinstatement may be Forfeitures occurring during the Plan
Year. If such source is insufficient, then the Employer will contribute an
amount which is sufficient to restore any such forfeited Accounts provided,
however, that if a discretionary contribution is made for such year pursuant to
Section 4.1(d), such contribution will first be applied to restore any such
Accounts and the remainder shall be allocated in accordance with the terms of
the Plan.

      

      If a
non-Vested Participant was deemed to have received a distribution and such
Participant is reemployed by the Employer before five (5) consecutive
1-Year Breaks in Service, then such Participant will be deemed to have repaid
the deemed distribution as of the date of reemployment.

      

      3.6      ELECTION
NOT TO PARTICIPATE

      

      (a)    Irrevocable election not to
participate. An Employee may, subject to the approval of the Employer,
elect voluntarily not to participate in every Qualified Plan maintained by the
Employer. Such election must be made prior to the time the Employee first
becomes eligible to participate under any Qualified Plan maintained by the
Employer. The election not to participate must be irrevocable and communicated
to the Employer, in writing, within a reasonable period of time before the date
the Employee would have otherwise entered any Qualified Plan. "Qualified Plan"
means, for purposes of this Section, a plan intended to be tax-qualified under
Code Section 401(a).

      

      (b)    Prior Plan document provision.
Notwithstanding anything in this Section to the contrary, if any prior Plan
document of this Plan contained a provision permitting an Employee to make a
revocable election not to participate and an Employee made such revocable
election not to participate while that prior Plan document was in effect, then
such Employee may irrevocably revoke such election at any time and participate
in the Plan.

      

      (c)    Effect on coverage, ADP and ACP
Tests. An Employee who elected not to participate under the Plan is
treated as a nonbenefiting Employee for purposes of the minimum coverage
requirements under Code Section 410(b). Furthermore, such Employee is not a
Participant for purposes of the ADP Test or the ACP Test.

      

      3.7      OWNER-EMPLOYEE
LIMITATION

      

      If this
Plan provides contributions or benefits for one or more Owner-Employees, the
contributions on behalf of any Owner-Employee shall be made only with respect to
the Earned Income for such Owner-Employee which is derived from the trade or
business with respect to which such Plan is established.

      

      3.8      OMISSION
OF ELIGIBLE EMPLOYEE; INCLUSION OF INELIGIBLE EMPLOYEE

      

      If, in
any Plan Year, any Employee who should be included as a Participant in the Plan
is erroneously omitted and discovery of such omission is not made until after a
contribution by the Employer for the year has been made and allocated, or any
person who should not have been included as a Participant in the Plan is
erroneously included, then the Employer shall apply the principles described by,
and take corrective actions consistent with, the IRS Employee Plans Compliance
Resolution System.

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

      

      ARTICLE
IV

      CONTRIBUTION
AND ALLOCATION

      

      4.1      FORMULA
FOR DETERMINING EMPLOYER CONTRIBUTION

      

      For each
Plan Year, the Employer shall contribute to the Plan:

      

      (a)    Salary reductions. The amount
that all Participants' Compensation was reduced pursuant to Section 4.2(a),
which amount shall be Elective Deferrals.

      

      (b)    Matching Contributions. On
behalf of each Participant who is eligible to share in Matching Contributions
for the Plan Year, a discretionary Matching Contribution equal to a uniform
percentage (to be determined each year by the Employer) of each such
Participant's Elective Deferrals.

      

      The
computation period for determining the Employer's discretionary matching
contributions shall be determined by the Employer at the time that the amount of
such contributions are determined.

      

      Catch-Up
Contributions shall not be subject to the Matching Contribution.

      

      (c)    Qualified Nonelective
Contribution. On behalf of each Participant who is eligible to share in
the Qualified Nonelective Contribution for the Plan Year, a discretionary
Qualified Nonelective Contribution equal to a uniform percentage of each
eligible individual's Compensation or 415 Compensation. Such Qualified
Nonelective Contribution shall be allocated to the Qualified Nonelective
Contribution Account.

      

      (d)    Nonelective Contributions. A
discretionary amount, which amount, if any, shall be a Nonelective
Contribution.

      

      (e)    Top-Heavy contribution.
Additionally, to the extent necessary, the Employer shall contribute to the Plan
the amount necessary to provide the top-heavy minimum contribution, even if it
exceeds the amount that would be deductible under Code
Section 404.

      

      (f)
    Form of
contribution. All contributions by the Employer shall be made in cash or
in such property as is acceptable to the Trustee.

      

      4.2      PARTICIPANT'S
SALARY REDUCTION ELECTION

      

      (a)    Deferral elections. Each
Participant may elect to defer Compensation which would have been received in
the Plan Year, but for the deferral election, by up to 70%. A deferral election
(or modification of an earlier election) may not be made with respect to
Compensation which is currently available on or before the date the Participant
executed such election. For purposes of this Section, Compensation shall be
determined prior to any reductions made pursuant to Code Sections 125,
132(f)(4), 402(e)(3), 402(h)(1)(B), 403(b) or 457(b), and employee contributions
described in Code Section 414(h)(2) that are treated as Employer
contributions.

      

      Notwithstanding
anything in this Plan to the contrary, the Employer may impose a minimum
elective deferral percentage of 1% as an administrative procedure applied on a
uniform and consistent basis to all Participants.

      

      For
purposes of this Section, the annual dollar limitation of Code Section
401(a)(17) ($200,000 as adjusted) shall not apply except that the Administrator
may elect to apply such limit as part of the deferral election procedures
established hereunder.

      

      Roth Elective Deferrals.
Effective May 1, 2008, a Participant may elect to have all or a portion
of the Participant's Elective Deferrals to be Roth Elective Deferrals when
contributed to the Plan. These Roth Elective Deferrals are includible in the
Participant's gross income at the time deferred and must be irrevocably
designated as Roth Elective Deferrals by the Participant in the Deferral
Election Agreement. Absent a Participant's affirmative election to have any
portion of an Elective Deferral be considered a Roth Elective Deferral, Elective
Deferrals shall be treated as Pre-Tax Elective Deferrals.

      

      The
amount that is deferred by a Participant shall be subject to the limitations of
this Section, shall be an Elective Deferral, and shall be held for such
Participant in the Elective Deferral Account.

      

      (b)    Catch-Up Contributions.
Notwithstanding anything in the Plan to the contrary, effective January 1, 2002,
each Catch-Up Eligible Participant shall be eligible to make Catch-Up
Contributions during the Participant's taxable year in accordance with, and
subject to the limitations of, Code Section 414(v). Such Catch-Up
Contributions are not subject to the limits on Annual Additions under Code
Section 415(c), are not counted in the ADP Test of Section 4.5(a), are not
counted in determining the minimum allocation required in a Top-Heavy Plan
during a Top-Heavy Plan Year under Code Section 416 (but Catch-Up Contributions
made in prior years are counted in determining whether the Plan is a Top-Heavy
Plan), and are not taken into account under the limit on Elective Deferrals
under Code Section 402(g). Catch-Up Contributions may be a dollar amount or a
percentage of Compensation for each payroll period not to exceed the applicable
dollar limit under Code Section 414(v), pursuant to procedures established
by the Administrator. The Plan shall not be treated as failing to satisfy the
provisions of the Plan implementing the requirements of Code
Section 401(k)(3), 416 or 410(b), as applicable, by reason of the making of
such Catch-Up Contributions.

      

      (c)    Full vesting. Each
Participant's Elective Deferral Account shall be fully Vested at all times and
shall not be subject to Forfeiture for any reason.

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

      

      (d)    Distribution restrictions.
Notwithstanding anything in the Plan to the contrary, effective with respect to
distributions and transactions made after December 31, 2001, amounts (including
any offset of loans) held in the Participant's Elective Deferral Account may not
be distributed except as authorized by other provisions of this Plan, but in no
event may such amounts be distributed earlier than:

      

      (1)    a
Participant's death, disability or other severance of employment;

      

      (2)    a
Participant's attainment of age 59 1/2;

      

      (3)    effective
beginning with the first Plan Year beginning in 2006, the termination of the
Plan without the existence at the time of Plan termination of an alternative
defined contribution plan or the establishment of an alternative defined
contribution plan by the Employer or an Affiliated Employer within the period
ending twelve months after distribution of all assets from the Plan maintained
by the Employer. For this purpose, a defined contribution plan is not treated as
an alternative defined contribution plan if the plan is an employee stock
ownership plan (as defined in Code Section 4975(e)(7) or 409(a)), a simplified
employee pension plan (as defined in Code Section 408(k)), a SIMPLE IRA
plan (as defined in Code Section 408(p)), a plan or contract that satisfies
the requirements of Code Section 403(b), or a plan that is described in Code
Sections 457(b) or 457(f). Furthermore, if at all times during the 24-month
period beginning 12 months before the date of the Plan's termination, fewer than
2% of the Participants in the Plan as of the date of Plan termination are
eligible under the other defined contribution plan, then the other defined
contribution plan is not an alternative defined contribution plan. Distributions
from the terminating Plan may only be made in lump sum distributions, pursuant
to and defined in Regulation 1.401(k)-1(d)(4)(ii);

      

      (4)    the
proven financial hardship of a Participant, subject to the limitations of
Section 6.12.

      

      (e)    Suspension due to hardship. In
the event a Participant has received a hardship distribution, on or after
December 31, 2001 pursuant to Regulation 1.401(k)-1(d)(3)(iv)(E)(2) from this
Plan or any other plan maintained by the Employer, then such Participant shall
not be permitted to elect to have Elective Deferrals contributed to the Plan for
a period of six months following the receipt of the distribution.

      

      (f)    Deferrals limited to Code Section
402(g) dollar limit. A Participant's "elective deferrals" made under this
Plan and all other plans, contracts or arrangements of the Employer maintaining
this Plan during any calendar year shall not exceed the dollar limitation. For
this purpose, "elective deferrals" means, with respect to a calendar year, the
sum of all Employer contributions made on behalf of such Participant pursuant to
an election to defer under any qualified cash or deferred arrangement as
described in Code Section 401(k), any salary reduction simplified employee
pension (as defined in Code Section 408(k)(6)), any SIMPLE IRA plan described in
Code Section 408(p), any eligible deferred compensation plan under Code Section
457, any plans described under Code Section 501(c)(18), and any Employer
contributions made on the behalf of a Participant for the purchase of an annuity
contract under Code Section 403(b) pursuant to a salary reduction agreement.
"Elective deferrals" shall not include any deferrals properly distributed as
excess "Annual Additions" pursuant to Section 4.9. "Dollar limitation"
shall mean the dollar limitation contained in Code Section 402(g) in effect for
the Participant's taxable year beginning in such calendar year. In the case of a
participant aged 50 and over by the end of the taxable year, the "dollar
limitation" described in the preceding sentence shall be adjusted to include the
amount of Elective Deferrals that may be treated as Catch-Up Contributions. The
"dollar limitation" contained in Code Section 402(g) is $10,500 for taxable
years beginning in 2000 and 2001, increasing to $11,000 for taxable years
beginning in 2002 and increasing by $1,000 for each year thereafter up to
$15,000 for taxable years beginning in 2006 and later years. After 2006 the
$15,000 limit will be adjusted by the Secretary of the Treasury for
cost-of-living increases under Code Section 402(g)(4). Any such adjustments will
be in multiples of $500.

      

      (g)    Assigning Excess Deferrals to this
Plan. If a Participant's Elective Deferrals under this Plan together with
any elective deferrals (as defined in Regulation 1.402(g)-1(b)) under another
qualified cash or deferred arrangement (as described in Code
Section 401(k)), a simplified employee pension (as described in Code
Section 408(k)(6)), a simple individual retirement account plan (as
described in Code Section 408(p)), a salary reduction arrangement (within the
meaning of Code Section 3121(a)(5)(D)), or a trust described in Code
Section 501(c)(18) cumulatively exceed the "dollar limitation" described in
the subsection 4.2(f) of this Section, for such Participant's taxable year, then
the Participant may assign to this Plan any Excess Deferrals made during a
taxable year of the Participant by notifying the Administrator in writing on or
before March 1 following the close of the Participant's taxable year, of
the amount of the Excess Deferrals to be assigned to the Plan. A Participant
shall be deemed to notify the Administrator of any Excess Deferrals that arise
by taking into account only those Elective Deferrals made to this Plan and any
other plan, contract, or arrangement of the Employer.

      

      Notwithstanding
any other provision of the Plan to the contrary, the Administrator may direct
the Trustee to distribute such Excess Deferrals, plus any Income allocable to
such Excess Deferrals, to the Participant not later than the first
April 15th following the close of the Participant's taxable year. Such a
distribution may be made to a Participant to whose account Excess Deferrals were
assigned for the preceding year or/and who claims Excess Deferrals for such
taxable year or calendar year. Any distribution of less than the entire amount
of Excess Deferrals and Income shall be treated as a pro rata distribution
of Excess Deferrals and Income. The amount of the distribution shall not exceed
the Participant's Elective Deferrals under the Plan for the taxable year (and
any Income allocable to such Excess Deferrals). If a distribution of Excess
Deferrals is to be made on or before the last day of the Participant's taxable
year, then each of the following conditions must be satisfied:

      

      (1)    the
distribution must be made after the date on which the Plan received the Excess
Deferrals;

      
        
           

        

        
          18

          
            

          

        

        
           

        

      

      

      (2)    the
Participant shall designate the distribution as Excess Deferrals;
and

      

      (3)    the
Plan must designate the distribution as a distribution of Excess
Deferrals.

      

      Any
distribution made pursuant to this Section shall be made first from
unmatched Pre-Tax Elective Deferrals and, thereafter, from unmatched Roth
Elective Deferrals (unless the Participant elects to reverse that order), and,
thereafter, from Pre-Tax Elective Deferrals which are matched, and, thereafter,
from Roth Elective Deferrals which are matched, unless the Participant elects to
reverse that order.

      

      Matching
Contributions that relate to Excess Deferrals (regardless of whether such Excess
Deferrals are Pre-Tax Elective Deferrals or Roth Elective Deferrals) which are
distributed pursuant to this Section 4.2(g) shall be treated as a
Forfeiture.

      

      (h)    Coordination with ADP Test.
Notwithstanding Section 4.2(g) above, a Participant's Excess Deferrals
shall be reduced, but not below zero, by any distribution of Excess
Contributions pursuant to Section 4.6 for the Plan Year beginning with or
within the taxable year of the Participant.

      

      (i)     Segregation. Elective
Deferrals made pursuant to this Section may be segregated into a separate
account for each Participant in a federally insured savings account, certificate
of deposit in a bank or savings and loan association, money market certificate,
or other short-term debt security acceptable to the Trustee until such time as
the allocations pursuant to Section 4.4 have been made.

      

      (j)     No conditions to receive Elective
Deferrals. Notwithstanding anything herein to the contrary, Participants
who terminated employment for any reason during the Plan Year shall share in the
Elective Deferrals made by the Employer for the year of termination without
regard to the Hours of Service credited.

      

      (k)    Procedures to implement deferral
elections. The Employer and the Administrator may adopt a procedure to
implement the salary reduction elections provided for herein. If such procedure
is adopted, then the procedure shall include (and shall not be limited to) the
following:

      

      (1)    A
Participant must make an initial salary deferral election, or an election to
receive cash in lieu of a salary deferral election, unless the Employer has
implemented an automatic deferral election feature. If the Participant fails to
make an initial salary deferral election, or an election to receive cash in lieu
of a salary deferral election, if the automatic deferral election applies, then
such Participant may thereafter make an election in accordance with the rules
governing modifications. The Participant shall make such an election by entering
into a salary reduction agreement with the Employer and filing such agreement
with the Administrator. Such election shall initially be effective beginning
with the pay period following the acceptance of the salary reduction agreement
by the Administrator (or as soon thereafter as practical), shall not have
retroactive effect and shall remain in force until revoked.

      

      (2)    A
Participant may modify a prior salary deferral election at any time during the
Plan Year and concurrently make a new election by filing a notice with the
Administrator (in accordance with procedures established by the Administrator)
within a reasonable time before the pay period for which such modification is to
be effective. Any modification shall be implemented as soon as practical after
being accepted by the Administrator, shall not have retroactive effect and shall
remain in force until revoked.

      

      (3)    A
Participant may elect to prospectively revoke the Participant's salary reduction
agreement in its entirety at any time during the Plan Year by providing the
Administrator with thirty (30) days written notice of such revocation (or upon
such shorter notice period as may be acceptable to the Administrator). Such
revocation shall become effective as of the beginning of the first pay period
coincident with or next following the expiration of the notice period (or as
soon thereafter as practical).

      

      (4)    Any
notices or required actions under this subsection may be provided or made in
accordance with Section 9.14.

      

      4.3      TIME
OF PAYMENT OF EMPLOYER CONTRIBUTION

      

      Unless
otherwise provided by contract or law, the Employer may make its contribution to
the Plan for a particular Plan Year at such time as the Employer, in its sole
discretion, determines. If the Employer makes a contribution for a particular
Plan Year after the close of that Plan Year, then the Employer will designate to
the Administrator the Plan Year for which the Employer is making its
contribution.

      

      4.4      ALLOCATION
OF CONTRIBUTION AND USAGE OF FORFEITURES AND EARNINGS

      

      (a)    Separate accounting. The
Administrator shall establish and maintain an account in the name of each
Participant to which the Administrator shall credit as of each Anniversary Date,
or other Valuation Date, all amounts allocated to a particular Account of each
such Participant as set forth herein.

      

      (b)    Allocation of contributions.
The Employer shall provide the Administrator with all information required by
the Administrator to make a proper allocation of the Employer contributions for
each Plan Year. Within a reasonable period of time after the date of receipt by
the Administrator of such information, the Administrator shall allocate such
contribution as follows:

      

      (1)    Elective Deferrals. With
respect to the Elective Deferrals made pursuant to Section 4.1(a), to each
Participant's Elective Deferral Account.

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

      

      (2)    Matching Contributions. With
respect to the Matching Contribution made pursuant to Section 4.1(b), to
each Participant's Matching Contribution Account in accordance with
Section 4.1(b). Such Matching Contributions will be allocated in the form
of shares of Employer stock.

      

      A
Participant shall only share in the allocation of the Matching Contribution if
are employed on the last day of the Plan Year quarter.

      

      (3)    Waiver of conditions to share in
Matching Contributions. Notwithstanding the foregoing, Participants who
are not employed on the last day of the Plan Year due to death, Disability or
Retirement (Normal or Late) shall share in the allocation of Matching
Contributions for that Plan Year.

      

      (4)    410(b) ratio percentage fail-safe
provisions for Matching Contributions. Notwithstanding anything to the
contrary, if the Matching Contribution component of this Plan would otherwise
fail to meet the requirements of Code Section 410(b)(1)(B) and the
Regulations thereunder because the Matching Contributions would not be allocated
to a sufficient number or percentage of Participants for a Plan Year, then the
following rules shall apply:

      

      (i)     The
group of Participants eligible to share in the Matching Contributions for the
Plan Year shall be expanded to include the minimum number of Participants who
would not otherwise be eligible as are necessary to satisfy the applicable test
specified above. The specific Participants who become eligible under the terms
of this paragraph shall be those who have not separated from service prior to
the last day of the Plan Year and have completed the longest Period of Service
in the Plan Year. In the event that more Participants than the "minimum
necessary" become entitled to an allocation because they all have the same
Period of Service (and at least one of that group is required to receive an
allocation in order for the test to be satisfied), then all such Participants
shall be deemed to constitute the minimum necessary to pass the
test.

      

      (ii)    If
after application of paragraph (i) above, the applicable test is still not
satisfied, then the group of Participants eligible to share in the Matching
Contributions for the Plan Year shall be further expanded to include the minimum
number of Participants who have separated from service prior to the last day of
the Plan Year as are necessary to satisfy the applicable test. The specific
Participants who become eligible to share shall be those Participants who have
completed the longest Period of Service in the Plan Year before terminating
employment. In the event that more Participants than the "minimum necessary"
become entitled to an allocation because they all have the same Period of
Service (and at least one of that group is required to receive an allocation in
order for the test to be satisfied), then all such Participants shall be deemed
to constitute the minimum necessary to pass the test.

      

      (iii)   Nothing
in this subsection shall permit the reduction of a Participant's accrued
benefit. Therefore any amounts that have previously been allocated to
Participants may not be reallocated to satisfy these requirements. In such
event, the Employer shall make an additional contribution equal to the amount
such affected Participants would have received had they been included in the
allocations, even if it exceeds the amount that would be deductible under Code
Section 404. Any adjustment to the allocations pursuant to this paragraph
shall be considered a retroactive amendment adopted by the last day of the Plan
Year.

      

      (5)    Qualified Nonelective
Contributions. With respect to the Qualified Nonelective Contribution
made pursuant to Section 4.1(c), to each Participant's Qualified
Nonelective Contribution Account in accordance with
Section 4.1(c).

      

      The
Employer may limit such Qualified Nonelective Contributions only to Participants
who are Nonhighly Compensated Employees and/or Non-Key Employees. In addition,
the Employer may condition such Qualified Nonelective Contributions only to
Participants who have completed a Period of Service (or portion thereof) during
the Plan Year and/or who are employed on the last day of the Plan
Year.

      

      (6)    Nonelective Contributions.
With respect to the Nonelective Contribution made pursuant to
Section 4.1(d), to each Participant's Nonelective Contribution Account in
the same proportion that each such Participant's Compensation for the year bears
to the total Compensation of all Participants for such year.

      

      (7)    Entitlement to Nonelective
Contribution. Only Participants who are employed on the last day of the
Plan Year or who complete more than three (3) consecutive months of service
during the Plan Year prior to terminating employment shall be eligible to share
in the discretionary contribution made pursuant to Section 4.1(d) for the
year.

      

      (8)    Waiver of conditions to share in
Nonelective Contributions. Notwithstanding the foregoing, Participants
who are not employed on the last day of the Plan Year due to Retirement (Normal
or Late), Disability and death shall share in the allocation of Nonelective
Contributions for that Plan Year.

      

      (c)    Usage of Forfeitures. On or
before each Anniversary Date, any Forfeitures may be made available to reinstate
previously forfeited Account balances of Participants, if any, in accordance
with Section 3.5(d), and any remaining Forfeitures may be used to satisfy any
contribution that may be required pursuant to Section 3.8 or 6.10, or be
used to pay any administrative expenses of the Plan. The remaining Forfeitures,
if any, shall be allocated in the following manner:

      

      (1)    Forfeitures
attributable to Matching Contributions made pursuant to Section 4.1(b) shall be
used to reduce the Employer's Contributions for the Plan Year.

      
        
           

        

        
          20

          
            

          

        

        
           

        

      

      

      (2)    Forfeitures
attributable to Nonelective Contributions made pursuant to Section 4.1(d) shall
be used to reduce the Employer's contributions for the Plan Year.

      

      (d)    Minimum required allocation to those
not otherwise eligible to share. For any Top-Heavy Plan Year, Non-Key
Employees not otherwise eligible to share in the allocation of contributions as
provided above, shall receive the minimum required allocation of
Section 4.4(g) if eligible pursuant to the provisions of
Section 4.4(j).

      

      (e)    Allocation of earnings. As of
each Valuation Date, before the current valuation period allocation of Employer
contributions, any earnings or losses (net appreciation or net depreciation) of
the Trust Fund shall be allocated in the same proportion that each Participant's
nonsegregated accounts bear to the total of all Participants' nonsegregated
accounts as of such date. Earnings or losses with respect to a Participant's
Directed Account shall be allocated in accordance with Section
4.13.

      

      (f)
    Incoming transfers and rollovers.
Participants' transfers from other qualified plans and rollovers
deposited in the general Trust Fund shall share in any earnings and losses (net
appreciation or net depreciation) of the Trust Fund in the same manner provided
above. Each segregated account maintained on behalf of a Participant shall be
credited or charged with its separate earnings and losses.

      

      (g)    Minimum required allocation for
Top-Heavy Plan Years. Notwithstanding the foregoing, for any Top-Heavy
Plan Year, the sum of the Employer contributions allocated to the Account of
each Non-Key Employee shall be equal to at least three percent (3%) of such
Non-Key Employee's 415 Compensation (reduced by contributions and forfeitures,
if any, allocated to each Non-Key Employee in any defined contribution plan
included with this Plan in a required aggregation group). However, if
(1) the sum of the Employer contributions allocated to the Participant's
Account of each Key Employee for such Top-Heavy Plan Year is less than three
percent (3%) of each Key Employee's 415 Compensation and (2) this Plan is
not required to be included in an aggregation group to enable a defined benefit
plan to meet the requirements of Code Section 401(a)(4) or 410, then the
sum of the Employer contributions allocated to the Participant's Account of each
Non-Key Employee shall be equal to the largest percentage allocated to the
Account of any Key Employee. However, in determining whether a Non-Key Employee
has received the minimum required allocation, such Non-Key Employee's Elective
Deferrals shall not be taken into account. The minimum allocation required (to
the extent required to be nonforfeitable under Code Section 416(b)) may not be
forfeited under Code Section 411(a)(3)(B) or 411(a)(3)(D).

      

      However,
no minimum required allocation shall be required in this Plan for any Non-Key
Employee who participates in another defined contribution plan subject to Code
Section 412 included with this Plan in a required aggregation group, if the
other defined contribution plan subject to Code Section 412 satisfies the
minimum required allocation.

      

      (h)    Top-Heavy contribution
allocation. For purposes of the minimum required allocation set forth
above, the percentage allocated to the Account of any Key Employee who is a
Participant shall be equal to the ratio of the sum of the Employer contributions
(excluding any Catch-Up Contributions) allocated on behalf of such Key Employee
for the Plan Year divided by the 415 Compensation for such Key Employee for the
Plan Year.

      

      (i)
    Matching contributions used to
satisfy top-heavy contribution. Effective with respect to Plan Years
beginning after December 31, 2001,  Matching Contributions shall be
taken into account for purposes of satisfying the minimum required allocation of
Code Section 416(c)(2) and the Plan. The preceding sentence shall apply with
respect to Matching Contributions under the Plan or, if the Plan provides that
the minimum required allocation shall be met in another plan, such other plan.
Matching Contributions that are used to satisfy the minimum required allocation
shall be treated as Matching Contributions for purposes of the ACP Test and
other requirements of Code Section 401(m).

      

      (j)
    Participants eligible for top-heavy
allocation. For any Top-Heavy Plan Year, the minimum required allocation
set forth above shall be allocated to the Nonelective Contribution Account of
all Non-Key Employees who are Participants and who are employed by the Employer
on the last day of the Plan Year regardless of the Non-Key Employee's level of
Compensation, including Non-Key Employees who have (1) failed to complete a
Period of Service; and (2) declined to make mandatory contributions (if
required) or, in the case of a cash or deferred arrangement, Elective Deferrals
to the Plan.

      

      (k)    415 Compensation for top-heavy
purposes. For the purposes of this Section, 415 Compensation will be
limited to the same dollar limitations set forth in Section 1.17, adjusted
in such manner as permitted under Code Section 415(d).

      

      (l) 
   Delay in
processing transactions. Notwithstanding anything in this Section to the
contrary, all information necessary to properly reflect a given transaction may
not be available until after the date specified herein for processing such
transaction, in which case the transaction will be reflected when such
information is received and processed. Subject to express limits that may be
imposed under the Code, the processing of any contribution, distribution or
other transaction may be delayed for any legitimate business reason or force
majeure (including, but not limited to, failure of systems or computer programs,
failure of the means of the transmission of data, the failure of a service
provider to timely receive values or prices, and the correction for errors or
omissions or the errors or omissions of any service provider). The processing
date of a transaction will be binding for all purposes of the
Plan.

      
        
           

        

        
          21

          
            

          

        

        
           

        

      

      

      4.5      ACTUAL
DEFERRAL PERCENTAGE TEST

      

      (a)    ADP Test. The ADP for Highly
Compensated Employees who are Participants for each Plan Year and the ADP for
Nonhighly Compensated Employees who are Participants for each Plan Year (or for
the preceding Plan Year if the prior year testing method is used) shall satisfy
one of the following tests:

      

      (1)    The
ADP for the group of Highly Compensated Employees who are Participants shall not
exceed the ADP for the group of Nonhighly Compensated Employees who are
Participants (for the preceding Plan Year if the prior year testing method is
used to calculate the ADP for the group of Nonhighly Compensated Employees who
are Participants) multiplied by 1.25, or

      

      (2)    The
ADP for the group of Highly Compensated Employees who are Participants shall not
exceed the ADP for the group of Nonhighly Compensated Employees who are
Participants (for the preceding Plan Year, if the prior year testing method is
used to calculate the ADP for the group of Nonhighly Compensated Employees who
are Participants) by more than two percentage points. Furthermore, the ADP for
the group of Highly Compensated Employees who are Participants shall not exceed
the ADP for the group of Nonhighly Compensated Employees who are Participants
(for the preceding Plan Year, if the prior year testing method is used to
calculate the ADP for the group of Nonhighly Compensated Employees who are
Participants) multiplied by 2.

      

      (b)    Prior Year test upon
amendment. Notwithstanding the above, if the prior year test method is
used to calculate the ADP for the group of Nonhighly Compensated Employees who
are Participants for the first Plan Year of this amendment and restatement, then
the ADP for the group of Nonhighly Compensated Employees who are Participants
for the preceding Plan Year shall be calculated pursuant to the provisions of
the Plan then in effect.

      

      (c)    Participant regardless of deferral
election. For the purposes of Sections 4.5(a) and 4.6, a Participant
shall be any Employee eligible to make a deferral election pursuant to
Section 4.2 at any point during the Plan Year, whether or not such deferral
election was made or suspended pursuant to Section 4.2.

      

      (d)    Aggregation with other plans.
In the event this Plan satisfies the requirements of Code Sections 401(a)(4),
401(k), or 410(b) only if aggregated with one or more other plans, or if one or
more other plans satisfy the requirements of such Code Sections only if
aggregated with this Plan, then this Section shall be applied by determining the
ADP of Employees as if all such plans were a single plan. If more than ten
percent (10%) of the Employer's Nonhighly Compensated Employees are involved in
a plan coverage change as defined in Regulation Section 1.401(k)-2(c)(4), then
any adjustments to the Nonhighly Compensated Employees' ADP for the prior year
will be made in accordance with such Regulations, unless the Employer has
elected to use the current year testing method. Plans may be aggregated in order
to satisfy Code Section 401(k) only if they have the same Plan Year and use the
same ADP Testing method.

      

      (e)    ADP of Highly Compensated Employee in
multiple plans. For the purposes of this Section, the ADP for any
Participant who is a Highly Compensated Employee for the Plan Year and who is
eligible to have Elective Deferrals (and Qualified Nonelective Contributions
and/or Qualified Matching Contributions, if treated as Elective Deferrals for
purposes of the ADP Test) allocated to the Participant's accounts under two or
more cash or deferred arrangements described in Code Section 401(k) of the
Employer or an Affiliated Employer, shall be determined as if such Elective
Deferrals (and, if applicable, such Qualified Nonelective Contributions and/or
Qualified Matching Contributions) were made under a single cash or deferred
arrangement. If a Highly Compensated Employee participates in two or more cash
or deferred arrangements of the Employer or an Affiliated Employer that have
different plan years, then all Elective Deferrals made during the Plan Year
under all such arrangements shall be aggregated. However, for Plan Years
beginning before 2006, if the cash or deferred arrangements have different plan
years, then all such cash or deferred arrangements ending with or within the
same calendar year shall be treated as a single arrangement. Notwithstanding the
foregoing, certain plans shall be treated as separate if mandatorily
disaggregated under the Regulations of Code Sections 401(k) or
410(b).

      

      (f)
    Testing
method. For the purpose of this Section, when calculating the ADP for the
group of Nonhighly Compensated Employees who are Participants, the current year
testing method shall be used. Once the current year testing method has been
elected, then the Employer may elect to use the prior year testing method for a
Plan Year only if the Plan has used the current year testing method for each of
the preceding 5 Plan Years (or if lesser, the number of Plan Years that the Plan
has been in existence) or if, as a result of a merger or acquisition described
in Code Section 410(b)(6)(C)(i), the Employer maintains both a plan using prior
year testing method and a plan using current year testing method and the change
is made within the transition period described in Code Section
410(b)(6)(C)(ii).

      

      (g)    Otherwise excludable Employee and
early participation rules. Notwithstanding anything in this Section to
the contrary, the provisions of this Section and Section 4.6 may be applied
separately (or will be applied separately to the extent required by Regulations)
to each "plan" within the meaning of Regulation Section 1.401(k)-1(b)(4)(iv).
For purposes of applying this provision, the Administrator may use any effective
date of participation that is permitted under Code Section 410(b) provided such
date is applied on a consistent and uniform basis to all Participants.
Alternatively, the provisions of Code Section 401(k)(3)(F) may be used to
exclude from consideration all Nonhighly Compensated Employees who have not
satisfied the greatest minimum age and service requirements of Code
Section 410(a)(1)(A).

      

      (h)    Timing of allocations. For
purposes of determining the ADP Test, only Elective Deferrals, Qualified
Nonelective Contributions and Qualified Matching Contributions that are
contributed to the Plan prior to the end of the twelve (12) month period
immediately following the Plan Year to which the contributions relate shall be
considered.

      
        
           

        

        
          22

          
            

          

        

        
           

        

      

      

      (i)     Targeted Qualified Nonelective
Contributions. Notwithstanding the preceding, for Plan Years beginning in
and after 2006, Qualified Nonelective Contributions cannot be taken into account
in determining the ADR for a Plan Year for a Nonhighly Compensated Employee to
the extent such contributions exceed the product of that Nonhighly Compensated
Employee's 414(s) Compensation and the greater of five percent (5%) or two (2)
times the Plan's "representative contribution rate." Any Qualified Nonelective
Contribution taken into account under an ACP Test under Regulation Section
1.401(m)-2(a)(6) (including the determination of the representative contribution
rate for purposes of Regulation Section 1.401(m)-2(a)(6)(v)(B)), is not
permitted to be taken into account for purposes of this paragraph (including the
determination of the representative contribution rate under this Section). For
purposes of this subsection:

      

      (1)    The
Plan's "representative contribution rate" is the lowest applicable contribution
rate of any eligible Nonhighly Compensated Employee among a group of eligible
Nonhighly Compensated Employees that consists of half of all eligible Nonhighly
Compensated Employees for the Plan Year (or, if greater, the lowest "applicable
contribution rate" of any eligible Nonhighly Compensated Employee in the group
of all eligible Nonhighly Compensated Employees for the Plan Year and who is
employed by the Employer on the last day of the Plan Year), and

      

      (2)    The
"applicable contribution rate" for an eligible Nonhighly Compensated Employee is
the sum of the Qualified Matching Contributions taken into account for the
eligible Nonhighly Compensated Employee for the Plan Year and the Qualified
Contributions made for the eligible Nonhighly Compensated Employee for the Plan
Year, divided by the eligible Nonhighly Compensated Employee's 414(s)
Compensation for the same period.

      

      Restriction on Qualified Matching
Contributions. Qualified Matching Contributions may only be used to
calculate the ADP to the extent that such Qualified Matching Contributions are
Matching Contributions that are not precluded from being taken into account for
ACP Test purposes under the rules of Regulation Section
1.401(m)-2(a)(5)(ii).

      

      Restrictions of Qualified Nonelective
Contributions and Qualified Matching Contributions. Qualified Nonelective
Contributions and Qualified Matching Contributions cannot be taken into account
to determine the ADP to the extent such contributions are taken into account for
purposes of satisfying any other ADP Test, any ACP Test, or the requirements of
Regulation Sections 1.401(k)-3, 1.401(m)-3 or 1.401(k)-4. Thus, for example,
Matching Contributions that are made pursuant to Regulation Section
1.401(k)-3(c) cannot be taken into account under the ADP Test. Similarly, if a
plan switches from the current year testing method to the prior year testing
method pursuant to Regulation Section 1.401(k)-2(c), then Qualified Nonelective
Contributions that are taken into account under the current year testing method
for a year may not be taken into account under the prior year testing method for
the next year.

      

      (j)     ADP when no Nonhighly Compensated
Employees. If, for the applicable year for determining the ADP of the
Nonhighly Compensated Employees for a Plan Year, there are no eligible Nonhighly
Compensated Employees, then the Plan is deemed to satisfy the ADP Test for the
Plan Year.

      

      (k)    Repeal of multiple use test.
The multiple use test described in Code Section 401(m) in effect prior to the
enactment of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall
not apply for Plan Years beginning after December 31, 2001.

      

      4.6      ADJUSTMENT
TO ACTUAL DEFERRAL PERCENTAGE TEST

      

      (a)    Authority to correct. In the
event that the initial allocations of the Elective Deferrals made pursuant to
Section 4.2 do not satisfy the ADP Test set forth in Section 4.5(a),
the Administrator shall implement some or all of the provisions of this Section
in order to correct such failure.

      

      (b)    Corrective action. The
Participant who is the Highly Compensated Employee having the largest dollar
amount of Elective Deferrals shall have a portion of such Participant's Elective
Deferrals first treated as Catch-Up Contributions and then distributed until the
amount of such Participant's remaining Elective Deferrals equals the Elective
Deferrals (less Catch-Up Contributions) of the Participant who is the Highly
Compensated Employee having the second largest dollar amount of Elective
Deferrals (less Catch-Up Contributions). This process shall continue until the
total amount of Excess Contributions has been eliminated. In determining the
amount of Excess Contributions to be treated as Catch-Up Contributions and/or
distributed with respect to an affected Participant who is a Highly Compensated
Employee as determined herein, such amount shall be reduced pursuant to
Section 4.2(g) by any Excess Deferrals previously distributed to such
affected Participant who is a Highly Compensated Employee for such Participant's
taxable year ending with or within such Plan Year.

      

      (1)    Corrective distribution. With
respect to the distribution of Excess Contributions pursuant to (a) above,
such distribution:

      

      (i)     may
be postponed but not later than the last day of the twelve-month period
following the Plan Year to which they are allocable;

      

      (ii)    shall
be made proportionately from Pre-Tax Elective Deferrals and the related Matching
Contributions that are used in the ADP Test pursuant to Section 4.5, and,
thereafter; from any Roth Elective Deferrals which are matched and the related
Matching Contributions that are used in the ADP Test pursuant to Section 4.5
(unless the Participant elects to reverse that order);

      

      (iii)   shall
be adjusted for Income; and

      
        
           

        

        
          23

          
            

          

        

        
           

        

      

      

      (iv)    shall
be designated by the Employer as a distribution of Excess Contributions (and
Income).

      

      Matching
contributions which relate to Excess Contributions that are distributed pursuant
to this subsection shall be treated as a Forfeiture to the extent required
pursuant to Code Section 401(a)(4) and the Regulations thereunder, unless the
related Matching Contribution is distributed as an Excess Contribution or as an
Excess Aggregate Contribution.

      

      (2)    Income and principal. Any
distribution of less than the entire amount of Excess Contributions shall be
treated as a pro rata distribution of Excess Contributions and
Income.

      

      (3)    Related Matching Contributions.
Matching Contributions which relate to Excess Contributions shall be
forfeited unless the related Matching Contribution is distributed as an Excess
Aggregate Contribution pursuant to Section 4.8.

      

      (c)    Corrective contributions.
Notwithstanding the above, if the current year testing method is used, within
twelve (12) months after the end of the Plan Year, the Employer may make a
Qualified Nonelective Contribution or Qualified Matching Contribution in
accordance with one of the following provisions which contribution shall be
allocated either to the Qualified Nonelective Contribution Account or Qualified
Matching Contribution Account of each Participant who is a Nonhighly Compensated
Employee eligible to share in the allocation in accordance with such provision.
If the prior year testing method is used, then a Qualified Nonelective
Contribution may not be made to correct a failed ADP test. The Employer shall
provide the Administrator with written notification of the amount of the
contribution being made and for which provision it is being made pursuant
to:

      

      (1)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Participants in an amount sufficient to satisfy one of the tests set
forth in Section 4.5(a). Such contribution shall be allocated in the same
proportion that each Nonhighly Compensated Employee's 414(s) Compensation for
the year bears to the total 414(s) Compensation of all Nonhighly Compensated
Employees for such year.

      

      (2)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Employees in an amount sufficient to satisfy one of the tests set
forth in Section 4.5(a). Such contribution shall be allocated in the same
proportion that each Nonhighly Compensated Employee's 414(s) Compensation for
the year bears to the total 414(s) Compensation of all Nonhighly Compensated
Employees for such year. However, for purposes of this contribution, Nonhighly
Compensated Employees who are not employed at the end of the Plan Year shall not
be eligible to share in the allocation and shall be disregarded.

      

      (3)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Employees in an amount sufficient to satisfy one of the tests set
forth in Section 4.5(a). Such contribution shall be allocated in equal
amounts (per capita).

      

      (4)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Employees in an amount sufficient to satisfy one of the tests set
forth in Section 4.5(a). Such contribution shall be allocated in equal
amounts (per capita). However, for purposes of this contribution, Nonhighly
Compensated Employees who are not employed at the end of the Plan Year shall not
be eligible to share in the allocation and shall be disregarded.

      

      (5)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Employees in an amount sufficient to satisfy one of the tests set
forth in Section 4.5(a). Such contribution shall be allocated to the
Qualified Nonelective Contribution Account of the Nonhighly Compensated Employee
having the lowest 414(s) Compensation, until one of the tests set forth in
Section 4.5(a) is satisfied, or until such Nonhighly Compensated Employee
has received the maximum permissible amount pursuant to Section 4.9 or the
maximum that may be taken into account in the ADP Test pursuant to
Section 4.5(i) (Targeted Qualified Nonelective Contributions). This process
shall continue until one of the tests set forth in Section 4.5(a) is
satisfied.

      

      (6)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Employees in an amount sufficient to satisfy one of the tests set
forth in Section 4.5(a). Such contribution shall be allocated to the
Qualified Nonelective Contribution Account of the Nonhighly Compensated Employee
having the lowest 414(s) Compensation, until one of the tests set forth in
Section 4.5(a) is satisfied, or until such Nonhighly Compensated Employee
has received the maximum permissible amount pursuant to Section 4.9 or the
maximum that may be taken into account in the ADP Test pursuant to
Section 4.5(i) (Targeted Qualified Nonelective Contributions). This process
shall continue until one of the tests set forth in Section 4.5(a) is
satisfied. However, for purposes of this contribution, Nonhighly Compensated
Employees who are not employed at the end of the Plan Year shall not be eligible
to share in the allocation and shall be disregarded.

      

      (7)    A
Qualified Matching Contribution may be made on behalf of Nonhighly Compensated
Employees in an amount sufficient to satisfy one of the tests set forth in
Section 4.5(a). Such contribution shall be allocated to the Qualified
Matching Contribution Account of each Nonhighly Compensated Employee in the same
proportion that each Nonhighly Compensated Employee's Elective Deferrals for the
year bears to the total Elective Deferrals of all Nonhighly Compensated
Employees.

      

      (8)    A
Qualified Matching Contribution may be made on behalf of Nonhighly Compensated
Employees in an amount sufficient to satisfy one of the tests set forth in
Section 4.5(a). Such contribution shall be allocated to the Qualified
Matching Contribution Account of each Nonhighly Compensated Employee in the same
proportion that each Nonhighly Compensated Employee's Elective Deferrals for the
year bears to the total Elective Deferrals of all Nonhighly Compensated
Employees. However, for purposes of this contribution, Nonhighly Compensated
Employees who are not employed at the end of the Plan Year shall not be eligible
to share in the allocation and shall be disregarded.

      
        
           

        

        
          24

          
            

          

        

        
           

        

      

      

      (9)    A
Qualified Matching Contribution may be made on behalf of Nonhighly Compensated
Employees in an amount sufficient to satisfy one of the tests set forth in
Section 4.5(a). Such contribution shall be allocated to the Qualified
Matching Contribution Account of the Nonhighly Compensated Employee having the
lowest Elective Deferrals until one of the tests set forth in
Section 4.5(a) is satisfied, or until such Nonhighly Compensated Employee
has received the maximum permissible amount pursuant to Section 4.9,
subject to the restriction on Qualified Matching Contributions imposed by the
provisions of Section 4.7(g). This process shall continue until one of the
tests set forth in Section 4.5(a) is satisfied.

      

      (10)  A
Qualified Matching Contribution may be made on behalf of Nonhighly Compensated
Employees in an amount sufficient to satisfy one of the tests set forth in
Section 4.5(a). Such contribution shall be allocated to the Qualified
Matching Contribution Account of the Nonhighly Compensated Employee having the
lowest Elective Deferrals until one of the tests set forth in
Section 4.5(a) is satisfied, or until such Nonhighly Compensated Employee
has received the maximum permissible amount pursuant to Section 4.9,
subject to the restriction on Qualified Matching Contributions imposed by the
provisions of Section 4.7(g). This process shall continue until one of the
tests set forth in Section 4.5(a) is satisfied). However, for purposes of
this contribution, Nonhighly Compensated Employees who are not employed at the
end of the Plan Year shall not be eligible to share in the allocation and shall
be disregarded.

      

      Notwithstanding
the above, if the testing method changes from the current year testing method to
the prior year testing method, then for purposes of preventing the double
counting of Qualified Nonelective Contributions for the first testing year for
which the change is effective, any special Qualified Nonelective Contribution on
behalf of Nonhighly Compensated Participants used to satisfy the ADP Test or the
ACP Test under the current year testing method for the prior year testing year
shall be disregarded.

      

      (d)    Administrator may prevent projected
failure. If during a Plan Year, it is projected that the aggregate amount
of Elective Deferrals to be allocated to all Highly Compensated Participants
under this Plan would cause the Plan to fail the tests set forth in
Section 4.5(a), then the Administrator may automatically reduce the
deferral amount of affected Highly Compensated Participants, beginning with the
Highly Compensated Participant who has the highest ADR until it is anticipated
the Plan will pass the tests or until such Participant's ADR equals the ADR of
the Highly Compensated Participant having the next highest ADR. This process may
continue until it is anticipated that the Plan will satisfy one of the tests set
forth in Section 4.5(a). Alternatively, the Employer may specify a maximum
percentage of Compensation that may be deferred.

      

      (e)    Excise tax after 2 1/2 months.
Any Excess Contributions (and Income) which are distributed on or after
2 1/2 months after the end of the Plan Year shall be subject to the ten
percent (10%) Employer excise tax imposed by Code
Section 4979.

      

      4.7      ACTUAL
CONTRIBUTION PERCENTAGE TEST

      

      (a)    ACP Test. The ACP for Highly
Compensated Employees who are Participants for each Plan Year and the ACP for
Nonhighly Compensated Employees who are Participants for each Plan Year (or for
the preceding Plan Year if the prior year testing method is used) shall satisfy
one of the following tests:

      

      (1)    The
ACP for the group of Highly Compensated Employees who are Participants shall not
exceed the ACP for the group of Nonhighly Compensated Employees who are
Participants (for the preceding Plan Year if the prior year testing method is
used to calculate the ACP for the group of Nonhighly Compensated Employees who
are Participants) multiplied by 1.25; or

      

      (2)    The
ACP for the group of Highly Compensated Employees who are Participants shall not
exceed the ACP for the group of Nonhighly Compensated Employees who are
Participants (for the preceding Plan Year, if the prior year testing method is
used to calculate the ACP for the group of Nonhighly Compensated Employees who
are Participants) by more than two percentage points. Furthermore, the ACP for
the group of Highly Compensated Employees who are Participants shall not exceed
the ACP for the group of Nonhighly Compensated Employees who are Participants
(for the preceding Plan Year, if the prior year testing method is used to
calculate the ACP for the group of Nonhighly Compensated Employees who are
Participants) multiplied by 2.

      

      (b)    Prior-year test upon
amendment. Notwithstanding the above, if the prior year test method is
used to calculate the ACP for the group of Nonhighly Compensated Employees who
are Participants for the first Plan Year of this amendment and restatement, then
the ACP for the group of Nonhighly Compensated Employees who are Participants
for the preceding Plan Year shall be calculated pursuant to the provisions of
the Plan then in effect.

      

      (c)    Aggregation with other plans.
In the event that this Plan satisfies the requirements of Code Sections
401(a)(4), 401(m), or 410(b) only if aggregated with one or more other plans, or
if one or more other plans satisfy the requirements of such sections of the Code
only if aggregated with this Plan (other than the average benefits test under
Code Section 410(b)(2)(A)(ii)), then this Section shall be applied by
determining the ACP of Employees as if all such plans were a single plan. If
more than ten percent (10%) of the Employer's Nonhighly Compensated Employees
are involved in a plan coverage change as defined in Regulation Section
1.401(m)-2(c)(4), then any adjustments to the Nonhighly Compensated Employees
ACP for the prior year will be made in accordance with such Regulations, unless
the Employer has elected to use the current year testing method. Plans may be
aggregated in order to satisfy Code Section 401(m) only if they have the same
Plan Year and use the same ACP testing method.

      

      (d)    ACP of Highly Compensated Employee in
multiple plans. For the purposes of this Section, if a Highly Compensated
Employee is a Participant under two (2) or more plans which are maintained by
the Employer or an Affiliated Employer to which Matching Contributions,
nondeductible Employee contributions, or both, are made, then all such
contributions on behalf of such Highly Compensated Employee shall be aggregated
for purposes of determining such Highly Compensated Employee's ACR. If the plans
have different plan years, then all such contributions made during the Plan Year
under all such arrangements shall be aggregated. However, for Plan Years
beginning before 2006 this paragraph shall be applied by treating all plans
ending with or within the same calendar year as a single plan. Notwithstanding
the foregoing, certain plans shall be treated as separate if mandatorily
disaggregated under Regulations under Code Section 401(m).

      
        
           

        

        
          25

          
            

          

        

        
           

        

      

      

      (e)    Current year testing method.
For the purpose of this Section, when calculating the ACP for the group of
Nonhighly Compensated Employees who are Participants, the current year testing
method shall be used. Once the current year testing method has been elected,
then the Employer may elect to use the prior year testing method for a Plan Year
only if the Plan has used the current year testing method for each of the
preceding 5 Plan Years (or if lesser, the number of Plan Years that the Plan has
been in existence) or if, as a result of a merger or acquisition described in
Code Section 410(b)(6)(C)(i), the Employer maintains both a plan using prior
year testing method and a plan using current year testing method and the change
is made within the transition period described in Code Section
410(b)(6)(C)(ii).

      

      (f)
    Otherwise excludable Employee and
early participation rules. Notwithstanding anything in this Section to
the contrary, the provisions of this Section and Section 4.8 may be applied
separately (or will be applied separately to the extent required by Regulations)
to each plan within the meaning of Regulation Section 1.401(m)-1(b)(4). For
purposes of applying this provision, the Administrator may use any effective
date of participation that is permitted under Code Section 410(b) provided such
date is applied on a consistent and uniform basis to all Participants.
Alternatively, the provisions of Code Section 401(m)(5)(C) may be used to
exclude from consideration all Nonhighly Compensated Employees who have not
satisfied the greatest minimum age and service requirements of Code
Section 410(a)(1)(A).

      

      (g)    Targeted Matching
Contributions. Notwithstanding the preceding, for Plan Years beginning in
and after 2006, a Matching Contribution (and a Qualified Matching Contribution
not used in the ADP Test) with respect to an Elective Deferral for a year is not
taken into account in determining the ACP for Nonhighly Compensated Employees to
the extent it exceeds the greatest of:

      

      (1)    five
percent (5%) of the Participant's 414(s) Compensation for the year;

      

      (2)    the
Employee's Elective Deferrals for the year; and

      

      (3)    the
product of two (2) times the Plan's "representative matching rate" and the
Participant's Elective Deferrals for the year.

      

      For
purposes of this subsection, the Plan's "representative matching rate" is the
lowest "matching rate" for any eligible Nonhighly Compensated Employee among a
group of Nonhighly Compensated Employees that consists of half of all eligible
Nonhighly Compensated Employees in the Plan for the Plan Year who make Elective
Deferrals for the Plan Year (or, if greater, the lowest "matching rate" for all
eligible Nonhighly Compensated Employees in the Plan who are employed by the
Employer on the last day of the Plan Year and who make Elective Deferrals for
the Plan Year).

      

      For
purposes of this subsection, the "matching rate" for an Employee generally is
the Matching Contributions (and Qualified Matching Contributions not used in the
ADP Test) made for such Employee divided by the Employee's Elective Deferrals
for the year. If the matching rate is not the same for all levels of Elective
Deferrals for an Employee, then the Employee's "matching rate" is determined
assuming that an Employee's Elective Deferrals are equal to six percent (6%) of
414(s) Compensation.

      

      (h)    Targeted Qualified Nonelective
Contributions. Notwithstanding the preceding, for Plan Years beginning in
and after 2006, Qualified Nonelective Contributions cannot be taken into account
in determining the ACR for a Plan Year for a Nonhighly Compensated Employee to
the extent such contributions exceed the product of that Nonhighly Compensated
Employee's 414(s) Compensation and the greater of five percent (5%) or two times
the Plan's "representative contribution rate." Any Qualified Nonelective
Contribution taken into account in the ADP test under Regulation Section
1.401(k)-2(a)(6) (including determination of the representative contribution
rate for purposes of Regulation Section 1.401(k)-2(a)(6)(iv)(B)), is not
permitted to be taken into account for purposes of this paragraph (including the
determination of the representative contribution rate under this Section). For
purposes of this subsection:

      

      (1)    The
Plan's "representative contribution rate" is the lowest applicable contribution
rate of any eligible Nonhighly Compensated Employee among a group of eligible
Nonhighly Compensated Employees that consists of half of all eligible Nonhighly
Compensated Employees for the Plan Year (or, if greater, the lowest "applicable
contribution rate" of any eligible Nonhighly Compensated Employee in the group
of all eligible Nonhighly Compensated Employees for the Plan Year and who is
employed by the Employer on the last day of the Plan Year), and

      

      (2)    The
"applicable contribution rate" for an eligible Nonhighly Compensated Employee is
the sum of the Matching Contributions taken into account under this Section for
the eligible Nonhighly Compensated Employee for the Plan Year and the Qualified
Nonelective Contributions taken into account under this Section made for the
eligible Nonhighly Compensated Employee for the Plan Year, divided by the
eligible Nonhighly Compensated Employee's 414(s) Compensation for the same
period.

      

      Restrictions of Qualified Nonelective
Contributions and Qualified Matching Contributions. Qualified Nonelective
Contributions and Qualified Matching Contributions cannot be taken into account
to determine the ACP to the extent such contributions are taken into account for
purposes of satisfying any other ACP Test, any ADP Test, or the requirements of
Regulation Sections 1.401(k)-3, 1.401(m)-3 or 1.401(k)-4. Thus, for example,
Qualified Nonelective Contributions that are made pursuant to Regulation Section
1.401(k)-3(b) cannot be taken into account under the ACP Test. Similarly, if a
plan switches from the current year testing method to the prior year testing
method pursuant to Regulation Section 1.401(m)-2(c)(1), then Qualified
Nonelective Contributions that are taken into account under the current year
testing method for a year may not be taken into account under the prior year
testing method for the next year.

      
        
           

        

        
          26

          
            

          

        

        
           

        

      

      

      (i)
    ACP
when no Nonhighly Compensated Employees. If, for the applicable year for
determining the ACP of the Nonhighly Compensated Employees for a Plan Year,
there are no eligible Nonhighly Compensated Employees, then the Plan is deemed
to satisfy the ACP Test for the Plan Year.

      

      (j)
    Repeal
of multiple use test. The multiple use test described in Code Section
401(m) in effect prior to the enactment of the Economic Growth and Tax Relief
Reconciliation Act of 2001 shall not apply for Plan Years beginning after
December 31, 2001.

      

      4.8     
ADJUSTMENT TO ACTUAL CONTRIBUTION PERCENTAGE TEST

      

      (a)    Authority to correct. In the
event that the ACP Test set forth in Section 4.7(a) is not satisfied, the
Administrator shall implement some or all of the provisions of this Section in
order to correct such failure.

      

      (b)    Corrective distribution or
Forfeiture. On or before the close of the following Plan Year, the
Participant who is the Highly Compensated Employee having the largest dollar
amount of Contribution Percentage Amounts shall have a portion of such
Contribution Percentage Amounts (and Income allocable to such amounts)
distributed or, if non-Vested, treated as a Forfeiture (including Income
allocable to such Forfeitures) until the total amount of Excess Aggregate
Contributions has been distributed, or until the amount of the Participant's
Contribution Percentage Amounts equals the Contribution Percentage Amounts of
the Participant who is a Highly Compensated Employee having the next largest
amount of Contribution Percentage Amounts. This process shall continue until the
total amount of Excess Aggregate Contributions has been distributed or
forfeited. Any distribution and/or Forfeiture of Contribution Percentage Amounts
shall be made in the following order:

      

      (1)    Matching
Contributions distributed and/or forfeited pursuant to
Section 4.6(b);

      

      (2)    Any
remaining Matching Contributions.

      

      If the
distribution of Excess Aggregate Contributions attributable to Matching
Contributions is not in proportion to the Vested and non-Vested portion of such
Matching Contributions, then the Vested portion of the Participant's Matching
Contribution Account after the distribution shall be subject to
Section 6.5(d).

      

      (c)    Source of corrective distribution or
Forfeiture. Any distribution and/or Forfeiture of less than the entire
amount of Excess Aggregate Contributions (and Income) shall be treated as a
pro rata distribution and/or Forfeiture of Excess Aggregate Contributions
(and Income). Distribution of Excess Aggregate Contributions shall be designated
by the Employer as a distribution of Excess Aggregate Contributions (and
Income). Forfeitures of Excess Aggregate Contributions shall be treated in
accordance with Section 4.4.

      

      (d)    Treatment of Excess Aggregate
Contributions. Excess Aggregate Contributions, including Matching
Contributions that are treated as Forfeitures, shall be treated as Employer
contributions for purposes of Code Sections 404 and 415 even if distributed from
the Plan.

      

      (e)    Ordering of tests. The
determination of the amount of Excess Aggregate Contributions with respect to
any Plan Year shall be made after first determining the Excess Contributions, if
any, to be treated as After-Tax Voluntary Contributions due to
recharacterization for the Plan Year of any other qualified cash or deferred
arrangement (as defined in Code Section 401(k)) maintained by the Employer
that ends with or within the Plan Year.

      

      (f)
    Administrator may prevent projected
failure. If during a Plan Year the projected aggregate Contribution
Percentage Amounts to be allocated to all Participants who are Highly
Compensated Employees under this Plan would, by virtue of the ACP Test of
Section 4.7(a), cause the Plan to fail the ACP Test, then the Administrator
may automatically reduce proportionately or in the order provided in
Section 4.8(b) the projected share each affected Participant who is a
Highly Compensated Employee of such contributions by an amount necessary to
satisfy the ACP Test of Section 4.7(a).

      

      (g)    Corrective contributions.
Notwithstanding the above, if the current year testing method is used, within
twelve (12) months after the end of the Plan Year, the Employer may make a
Qualified Nonelective Contribution or Matching Contribution in accordance with
one of the following provisions, which contribution shall be allocated to the
Qualified Nonelective Contribution Account, Qualified Matching Contribution
Account, or Matching Account of each Participant who is a Nonhighly Compensated
Employee eligible to share in the allocation in accordance with such provision.
If the prior year testing method is used, then a Qualified Nonelective
Contribution may not be made to correct a failed ACP test. The Employer shall
provide the Administrator with written notification of the amount of the
contribution being made and for which provision it is being made pursuant
to:

      

      (1)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Participants in an amount sufficient to satisfy one of the tests set
forth in Section 4.7(a). Such contribution shall be allocated in the same
proportion that each Nonhighly Compensated Employee's 414(s) Compensation for
the year bears to the total 414(s) Compensation of all Nonhighly Compensated
Employees for such year.

      
        
           

        

        
          27

          
            

          

        

        
           

        

      

    

    (2)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Employees in an amount sufficient to satisfy one of the tests set
forth in Section 4.7(a). Such contribution shall be allocated in the same
proportion that each Nonhighly Compensated Employee's 414(s) Compensation for
the year bears to the total 414(s) Compensation of all Nonhighly Compensated
Employees for such year. However, for purposes of this contribution, Nonhighly
Compensated Employees who are not employed at the end of the Plan Year shall not
be eligible to share in the allocation and shall be disregarded.

    

    (3)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Employees in an amount sufficient to satisfy one of the tests set
forth in Section 4.7(a). Such contribution shall be allocated in equal
amounts (per capita).

    

    (4)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Employees in an amount sufficient to satisfy one of the tests set
forth in Section 4.7(a). Such contribution shall be allocated in equal
amounts (per capita). However, for purposes of this contribution, Nonhighly
Compensated Employees who are not employed at the end of the Plan Year shall not
be eligible to share in the allocation and shall be disregarded.

    

    (5)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Employees in an amount sufficient to satisfy one of the tests set
forth in Section 4.7(a). Such contribution shall be allocated to the
Qualified Nonelective Contribution Account of the Nonhighly Compensated Employee
having the lowest 414(s) Compensation, until one of the tests set forth in
Section 4.7(a) is satisfied, or until such Nonhighly Compensated Employee
has received the maximum permissible amount pursuant to Section 4.9, or the
maximum that may be taken into account in the ACP Test pursuant to
Section 4.7(h) (Targeted Qualified Nonelective Contributions). This process
shall continue until one of the tests set forth in Section 4.7(a) is
satisfied.

    

    (6)    A
Qualified Nonelective Contribution may be made on behalf of Nonhighly
Compensated Employees in an amount sufficient to satisfy one of the tests set
forth in Section 4.7(a). Such contribution shall be allocated to the
Qualified Nonelective Contribution Account of the Nonhighly Compensated Employee
having the lowest 414(s) Compensation, until one of the tests set forth in
Section 4.7(a) is satisfied, or until such Nonhighly Compensated Employee
has received the maximum permissible amount pursuant to Section 4.9, or the
maximum that may be taken into account in the ACP Test pursuant to
Section 4.7(h) (Targeted Qualified Nonelective Contributions). This process
shall continue until one of the tests set forth in Section 4.7(a) is
satisfied. However, for purposes of this contribution, Nonhighly Compensated
Employees who are not employed at the end of the Plan Year shall not be eligible
to share in the allocation and shall be disregarded.

    

    (7)    A
Matching Contribution or Qualified Matching Contribution may be made on behalf
of Nonhighly Compensated Employees in an amount sufficient to satisfy one of the
tests set forth in Section 4.7(a). Such contribution shall be allocated to
the Qualified Matching Contribution Account of each Nonhighly Compensated
Employee in the same proportion that each Nonhighly Compensated Employee's
Elective Deferrals for the year bears to the total Elective Deferrals of all
Nonhighly Compensated Employees.

    

    (8)    A
Matching Contribution or Qualified Matching Contribution may be made on behalf
of Nonhighly Compensated Employees in an amount sufficient to satisfy one of the
tests set forth in Section 4.7(a). Such contribution shall be allocated to
the Qualified Matching Contribution Account of each Nonhighly Compensated
Employee in the same proportion that each Nonhighly Compensated Employee's
Elective Deferrals for the year bears to the total Elective Deferrals of all
Nonhighly Compensated Employees. However, for purposes of this contribution,
Nonhighly Compensated Employees who are not employed at the end of the Plan Year
shall not be eligible to share in the allocation and shall be
disregarded.

    

    (9)    A
Matching Contribution or Qualified Matching Contribution may be made on behalf
of Nonhighly Compensated Employees in an amount sufficient to satisfy one of the
tests set forth in Section 4.7(a). Such contribution shall be allocated to
the Qualified Matching Contribution Account of the Nonhighly Compensated
Employee having the lowest Elective Deferrals until one of the tests set forth
in Section 4.7(a) is satisfied, or until such Nonhighly Compensated
Employee has received the maximum permissible amount pursuant to
Section 4.9, subject to the restriction on Targeted Matching Contributions
imposed by the provisions of Section 4.7(g). This process shall continue
until one of the tests set forth in Section 4.7(a) is
satisfied.

    

    (10)  A
Matching Contribution or Qualified Matching Contribution may be made on behalf
of Nonhighly Compensated Employees in an amount sufficient to satisfy one of the
tests set forth in Section 4.7(a). Such contribution shall be allocated to
the Qualified Matching Contribution Account of the Nonhighly Compensated
Employee having the lowest Elective Deferrals until one of the tests set forth
in Section 4.7(a) is satisfied, or until such Nonhighly Compensated
Employee has received the maximum permissible amount pursuant to
Section 4.9, subject to the restriction on Targeted Matching Contributions
imposed by the provisions of Section 4.7(g). This process shall continue
until one of the tests set forth in Section 4.7(a) is satisfied. However,
for purposes of this contribution, Nonhighly Compensated Employees who are not
employed at the end of the Plan Year shall not be eligible to share in the
allocation and shall be disregarded.

    

    (h)   Excise tax. Any Excess
Aggregate Contributions (and Income) which are distributed on or after
2 1/2 months after the end of the Plan Year shall be subject to the ten
percent (10%) Employer excise tax imposed by Code
Section 4979.

    

    4.9       MAXIMUM ANNUAL
ADDITIONS

    

    (a)   Maximum permissible amount.
Notwithstanding the foregoing, for Limitation Years beginning after
December 31, 2001, the maximum Annual Additions credited to a Participant's
Accounts for any Limitation Year shall equal the lesser of:

    

    (1)    $40,000
adjusted annually as provided in Code Section 415(d) pursuant to the
Regulations, or

    
      
         

      

      
        28

        
          

        

      

      
         

      

    

    (2)    one-hundred
percent (100%) of the Participant's 415 Compensation for such Limitation
Year.

    

    The
percentage limitation in paragraph (2) above shall not apply to: (1) any
contribution for medical benefits (within the meaning of Code
Section 419A(f)(2)) after separation from service which is otherwise
treated as an annual addition, or (2) any amount otherwise treated as an
annual addition under Code Section 415(l)(1).

    

    For any
short Limitation Year, the dollar limitation in paragraph (1) above shall be
reduced by a fraction, the numerator of which is the number of full months in
the short Limitation Year and the denominator of which is twelve
(12).

    

    (b)   Reasonable estimate
permissible. Prior to determining the Participant's actual 415
Compensation for the Limitation Year, the Employer may determine the maximum
permissible amount for a Participant on the basis of a reasonable estimation of
the Participant's 415 Compensation for the Limitation Year, uniformly determined
for all Participants similarly situated. As soon as is administratively feasible
after the end of the Limitation Year, the maximum permissible amount for the
Limitation Year will be determined on the basis of the Participant's actual 415
Compensation for the Limitation Year.

    

    (c)   Excess Annual Additions
defined. For purposes of this Article, the term "Excess Annual Additions"
for any Participant for a Limitation Year means a Participant's Annual Additions
under this Plan and such other plans of the Employer or Affiliated Employer that
are in excess of the maximum permissible amount of Section 4.9 for a
Limitation Year. The Excess Annual Additions will be deemed to consist of the
Annual Additions last allocated, except that Annual Additions attributable to a
simplified employee pension will be deemed to have been allocated first,
followed by Annual Additions to a welfare benefit fund or individual medical
account, and then by Annual Additions to a plan subject to Code Section 412,
regardless of the actual allocation date.

    

    (d)   Annual Additions can cease when
maximum permissible amount reached. If the Employer contribution that
would otherwise be contributed or allocated to the Participant's Accounts would
cause the Annual Additions for the Limitation Year to exceed the maximum
permissible amount, then the amount that would otherwise be contributed or
allocated will be reduced so that the Annual Additions for the Limitation Year
will equal the maximum permissible amount, and any such amounts which would have
been allocated to such Participant may be allocated to other
Participants.

    

    (e)   All DC plans treated as one
plan. For the purpose of this Section, all qualified defined contribution
plans (regardless of whether such plan has terminated) maintained by the
Employer during a Limitation Year shall be treated as one defined contribution
plan.

    

    (f)    All Employees of Related Employers
treated as employed by one Employer. For the purpose of this Section, if
the Employer is a member of a controlled group of corporations, trades or
businesses under common control (as defined by Code Section 1563(a) or Code
Section 414(b) and (c) as modified by Code Section 415(h)), is a
member of an affiliated service group (as defined by Code Section 414(m)),
or is a member of a group of entities required to be aggregated pursuant to
Regulations under Code Section 414(o), then all Employees of such Employers
shall be considered to be employed by a single Employer.

    

    (g)   413(c) Plan. If this is a plan
described in Code Section 413(c) (other than a plan described in Code
Section 414(f)), then all of the benefits or contributions attributable to
a Participant from all of the Employers maintaining this Plan shall be taken
into account in applying the limits of this Section with respect to such
Participant. Furthermore, in applying the limitations of this Section with
respect to such a Participant, the total 415 Compensation received by the
Participant from all of the Employers maintaining the Plan shall be taken into
account.

    

    (h)(1) DC Plans with same/different
Anniversary Dates. If a Participant participates in more than one defined
contribution plan maintained by the Employer that have different Anniversary
Dates, then the maximum permissible amount under this Plan shall equal the
maximum permissible amount for the Limitation Year minus any Annual Additions
previously credited to such Participant's Accounts during the Limitation
Year.

    

    (2)    If
a Participant participates in both a defined contribution plan subject to Code
Section 412 and a defined contribution plan not subject to Code
Section 412 maintained by the Employer which have the same Anniversary
Date, then Annual Additions will be credited to the Participant's Accounts under
the defined contribution plan subject to Code Section 412 prior to
crediting Annual Additions to the Participant's Accounts under the defined
contribution plan not subject to Code Section 412.

    

    (3)    If
a Participant participates in more than one defined contribution plan not
subject to Code Section 412 maintained by the Employer which have the same
Anniversary Date, then the maximum permissible amount under this Plan shall
equal the product of (A) the maximum permissible amount for the Limitation
Year minus any Annual Additions previously credited under subparagraphs (1) or
(2) above, multiplied by (B) a fraction (i) the numerator of which is
the Annual Additions which would be credited to such Participant's Accounts
under this Plan without regard to the limitations of Code Section 415 and
(ii) the denominator of which is such Annual Additions for all plans
described in this subparagraph.

    

    4.10     ADJUSTMENT FOR EXCESS ANNUAL
ADDITIONS

    

    (a)   Disposal of Excess Annual
Additions. Allocation of Annual Additions to a Participant's Account for
a Limitation Year generally will cease in accordance with Section 4.9(d)
once the maximum permissible amount of Section 4.9 has been reached for
such Limitation Year. However, if, as a result of a reasonable error in
estimating a Participant's Compensation, a reasonable error in determining the
amount of Elective Deferrals (within the meaning of Code Section 402(g)(3))
that may be made with respect to any Participant with respect to the maximum
permissible amount of Section 4.9 or other facts and circumstances to which
Regulation 1.415-6(b)(6) shall be applicable, the Annual Additions under
this Plan would cause Excess Annual Additions for any Participant, then the
Excess Annual Additions will be disposed of in one of the following ways, as
uniformly determined by the Administrator for all Participants similarly
situated.

    
      
         

      

      
        29

        
          

        

      

      
         

      

    

    (1)    Any
matched Elective Deferrals and Matching Contributions which relate to such
Elective Deferrals shall be proportionately reduced to the extent they would
reduce the Excess Annual Additions. The Elective Deferrals (and any gains
attributable to such Elective Deferrals) will be distributed to the Participant
and the Matching Contributions (and any gains attributable to such Matching
Contributions) will be used to reduce the Employer contribution in the next
Limitation Year;

    

    (2)    If
the Participant is covered by the Plan at the end of the Limitation Year, then
the Excess Annual Additions will be used to reduce the Employer contribution for
such Participant in the next Limitation Year, and each succeeding Limitation
Year if necessary;

    

    (3)    If
the Participant is not covered by the Plan at the end of the Limitation Year,
then the Excess Annual Additions will be held unallocated in a "Section 415
suspense account." The "Section 415 suspense account" will be applied to
reduce future Employer contributions for all remaining Participants in the next
Limitation Year, and each succeeding Limitation Year if necessary;

    

    (4)    If
a "Section 415 suspense account" is in existence at any time during the
Limitation Year pursuant to this Section, then the "Section 415 suspense
account" will not participate in the allocation of investment gains and losses
of the Trust Fund. If a "Section 415 suspense account" is in existence at
any time during a particular Limitation Year, then all amounts in the
"Section 415 suspense account" must be allocated and reallocated to
Participants' Accounts before any Employer contributions or any Employee
contributions may be made to the Plan for that Limitation Year. Except as
provided above, Excess Annual Additions may not be distributed to
Participants.

    

    (b)   Section 415 suspense account
defined. For purposes of this Section, the term "Section 415
suspense account" means an unallocated account equal to the sum of Excess Annual
Additions for all Participants in the Plan during the Limitation
Year.

    

    4.11     PLAN-TO-PLAN TRANSFERS (OTHER THAN
ROLLOVERS) FROM QUALIFIED PLANS

    

    (a)   Transfers into this Plan. With
the consent of the Administrator (such consent must be exercised in a
nondiscriminatory manner and applied uniformly to all Participants), amounts may
be transferred (within the meaning of Code Section 414(l)) to this Plan
from other tax qualified plans under Code Section 401(a), provided that the
plan from which such funds are transferred permits the transfer to be made, the
funds are not subject to the notice and consent requirements of Code Section 417
(i.e., qualified joint and survivor annuity requirements), and the transfer will
not jeopardize the tax exempt status of the Plan or Trust or create adverse tax
consequences for the Employer. Prior to accepting any transfers to which this
Section applies, the Administrator may require satisfactory evidence that the
amounts to be transferred meet the requirements of this Section. The transferred
amounts shall be allocated to the Transfer Account of the
Participant.

    

    At the
time of the transfer, the nonforfeitable percentage of the funds under the
transferor plan shall apply, but thereafter shall increase (if applicable) for
each Period of Service that the Participant completes after such transfer in
accordance with the Vesting provisions of this Plan applicable to the type of
Account represented by the transferred funds (e.g., transferred nonelective
funds will be subject to the vesting schedule applicable to Nonelective
Contributions under this Plan). If the vesting schedule applicable to a
Transferred Account changes as a result of this paragraph, such change will be
treated as an amendment to the vesting schedule for each affected
Participant.

    

    (b)   Accounting of transfers. The
Transfer Account of a Participant shall be held by the Trustee pursuant to the
provisions of this Plan and may not be withdrawn by, or distributed to the
Participant, in whole or in part, except as provided in paragraph (d) of
this Section. The Trustee shall have no duty or responsibility to inquire as to
the propriety of the amount, value or type of assets transferred, nor to conduct
any due diligence with respect to such assets; provided, however, that such
assets are otherwise eligible to be held by the Trustee under the terms of this
Plan.

    

    (c)   Restrictions on elective
deferrals. Except as permitted by Regulations (including Regulation
Section 1.411(d)-4), amounts attributable to elective deferrals (as defined in
Regulation Section 1.401(k)-6), including amounts treated as elective deferrals,
which are transferred from another qualified plan in a plan-to-plan transfer
(other than a direct rollover) shall be subject to the distribution limitations
provided for in Code Section 401(k)(2) and the Regulations.

    

    (d)   Distribution of Transfer
Account. At Normal Retirement Date, or such other date when the
Participant or the Participant's Beneficiary shall be entitled to receive
benefits, the Transfer Account of a Participant shall be used to provide
additional benefits to the Participant or the Participant's Beneficiary. Any
distributions of amounts held in the Transfer Account shall be made in a manner
which is consistent with and satisfies the provisions of Sections 6.5 and 6.6,
including, but not limited to, all notice and consent requirements of Code
Section 411(a)(11) and the Regulations thereunder. Furthermore, the Transfer
Account shall be considered as part of a Participant's benefit in determining
whether an involuntary cash-out of benefits may be made without Participant
consent.

    

    (e)   Segregation. The Administrator
may direct that Employee transfers made after a Valuation Date be segregated
into a separate account for each Participant until such time as the allocations
pursuant to this Plan have been made, at which time they may remain segregated
or be invested as part of the general Trust Fund or be directed by the
Participant pursuant to Section 4.13.

    
      
         

      

      
        30

        
          

        

      

      
         

      

    

    (f)    Protected benefits.
Notwithstanding anything herein to the contrary, a transfer directly to this
Plan from another qualified plan (or a transaction having the effect of such a
transfer) shall only be permitted if it will not result in the elimination or
reduction of any "Section 411(d)(6) protected benefit" as described in
Section 7.1(e).

    

    (g)   Separate Accounts. With
respect to each Participant's Transfer Account, separate sub-accounts shall be
maintained to the extent necessary to carry out the provisions of this
Plan.

    

    4.12   
 ROLLOVERS FROM OTHER
PLANS

    

    (a)   Acceptance of rollovers into the
Plan. This Section applies to a rollover from an eligible retirement plan
into this Plan made on or after January 1, 2002. With the consent of the
Administrator (such consent must be exercised in a nondiscriminatory manner and
applied uniformly to all Participants), the Plan may accept a rollover by
Participants, excluding Participants who are no longer employed as an Employee
and including Eligible Employees, provided the rollover will not jeopardize the
tax-exempt status of the Plan or create adverse tax consequences for the
Employer. The rollover amounts shall be allocated to the Rollover Account of the
Participant. Furthermore, for a rollover from an eligible retirement plan into
this Plan made on or after January 1, 2006, any Roth Elective Deferrals that are
accepted as rollovers in this Plan shall be accounted for separately, and must
be directly rolled over from a Roth elective deferral account under an
applicable retirement plan described in Code Section 402A(e)(1) and only to the
extent that the rollover is permitted under the rules of Code Section 402(c).
The Rollover Account of a Participant shall be 100% Vested at all times and
shall not be subject to Forfeiture for any reason.

    

    (b)   Treatment of Rollover Account in the
Plan. The Rollover Account shall be held by the Trustee pursuant to the
provisions of this Plan and may not be withdrawn by, or distributed to the
Participant, in whole or in part, except as provided in paragraph (c) of
this Section. The Trustee shall have no duty or responsibility to inquire as to
the propriety of the amount, value or type of assets transferred, nor to conduct
any due diligence with respect to such assets; provided, however, that such
assets are otherwise eligible to be held by the Trustee under the terms of this
Plan.

    

    (c)   Distribution of rollovers. The
Administrator, at the election of the Participant, shall direct the Trustee to
distribute all or a portion of the amount credited to the Participant's Rollover
Account at any time. Furthermore, amounts in the Participant's Rollover Account,
with respect to distributions made on and after January 1, 2002, shall not be
considered as part of a Participant's benefit in determining whether the $5,000
threshold has been exceeded for purposes of the timing or form of payments under
the Plan. Notwithstanding the foregoing, amounts in the Rollover Account, with
respect to distributions made on or after March 28, 2005, shall be considered in
determining whether a mandatory involuntary cash-out distribution of benefits
may be made without Participant consent. Any distributions of amounts that are
held in the Rollover Account shall be made in a manner which is consistent with
and satisfies the provisions of Sections 6.5 and 6.6, including, but not
limited to, all notice and consent requirements of Code Section 411(a)(11) and
the Regulations thereunder.

    

    (d)   Limits on accepting rollovers.
Prior to accepting any rollovers to which this Section applies, the
Administrator may require the Employee to provide evidence that the amounts to
be rolled over to this Plan meet the requirements of this Section. The Employer
may instruct the Administrator, operationally and on a nondiscriminatory basis,
to limit the source of rollovers that may be accepted by the Plan.

    

    (e)   Rollovers maintained in a separate
account. The Administrator may direct that rollovers received after a
Valuation Date be segregated into a separate account for each Participant until
such time as the allocations pursuant to this Plan have been made, at which time
they may remain segregated or be invested as part of the general Trust Fund or
be directed by the Participant pursuant to Section 4.13.

    

    (f)    Definitions. For purposes of
this Section, the following definitions shall apply:

    

    (1)    The
term "rollover" means: (i) amounts transferred to this Plan directly from
another "eligible retirement plan;" (ii) distributions received by an
Employee from other "eligible retirement plans" which are eligible for tax-free
rollover to an "eligible retirement plan" and which are transferred by the
Employee to this Plan within sixty (60) days following receipt thereof; and
(iii) any other amounts which are eligible to be rolled over to this Plan
pursuant to the Code.

    

    (2)    The
term "eligible retirement plan" means an individual retirement account described
in Code Section 408(a), an individual retirement annuity described in Code
Section 408(b) (other than an endowment contract), a qualified trust (an
employees' trust described in Code Section 401(a) which is exempt from tax
under Code Section 501(a)), an annuity plan described in Code
Section 403(a), an eligible deferred compensation plan described in Code
Section 457(b) which is maintained by an eligible employer described in
Code Section 457(e)(1)(A), and an annuity contract described in Code
Section 403(b).

    

    4.13     PARTICIPANT DIRECTED
INVESTMENTS

    

    (a)   Directed Investments allowed.
Participants may, subject to a procedure established by the Administrator (the
Participant Direction Procedures) and applied in a uniform nondiscriminatory
manner, direct the Trustee, in writing (or in such other form which is
acceptable to the Trustee), to invest their entire Accounts in specific assets,
specific funds or other investments permitted under the Plan and the Participant
Direction Procedures. That portion of the interest of any Participant so
directing will thereupon be considered a Participant's Directed
Account.

    
      
         

      

      
        31

        
          

        

      

      
         

      

    

    (b)   Establishment of Participant
Direction Procedures. The Administrator will establish Participant
Direction Procedures, to be applied in a uniform and nondiscriminatory manner,
setting forth the permissible investment options under this Section, how often
changes between investments may be made, and any other limitations and
provisions that the Administrator may impose on a Participant's right to direct
investments.

    

    (c)   Administrative discretion. The
Administrator may, in its discretion, include or exclude by amendment or other
action from the Participant Direction Procedures such instructions, guidelines
or policies as it deems necessary or appropriate to ensure proper administration
of the Plan, and may interpret the same accordingly.

    

    (d)   Allocation of earnings. As of
each Valuation Date, all Participant Directed Accounts shall be charged or
credited with the net earnings, gains, losses and expenses as well as any
appreciation or depreciation in the market value using publicly listed fair
market values when available or appropriate as follows:

    

    (1)    to
the extent that the assets in a Participant's Directed Account are accounted for
as pooled assets or investments, the allocation of earnings, gains and losses of
each Participant's Directed Account shall be based upon the total amount of
funds so invested in a manner proportionate to the Participant's share of such
pooled investment; and

    

    (2)    to
the extent that the assets in the Participant's Directed Account are accounted
for as segregated assets, the allocation of earnings, gains and losses from such
assets shall be made on a separate and distinct basis.

    

    (e)   Plan will follow investment
directions. Investment directions will be processed as soon as
administratively practicable after proper investment directions are received
from the Participant. No guarantee is made by the Plan, Employer, Administrator
or Trustee that investment directions will be processed on a daily basis, and no
guarantee is made in any respect regarding the processing time of an investment
direction. Notwithstanding any other provision of the Plan, the Employer,
Administrator or Trustee reserves the right to not value an investment option on
any given Valuation Date for any reason deemed appropriate by the Employer,
Administrator or Trustee. Furthermore, the processing of any investment
transaction may be delayed for any legitimate business reason or force majeure
(including, but not limited to, failure of systems or computer programs, failure
of the means of the transmission of data, the failure of a service provider to
timely receive values or prices, and correction for errors or omissions or the
errors or omissions of any service provider). The processing date of a
transaction will be binding for all purposes of the Plan and considered the
applicable Valuation Date for an investment transaction.

    

    (f)    Section 404(c) provisions. The
Participant Direction Procedures shall provide an explanation of the
circumstances under which Participants and their Beneficiaries may give
investment instructions, including, but not limited to, the following to the
extent required under the Department of Labor regulations or
guidance:

    

    (1)    the
conveyance of instructions by the Participants and their Beneficiaries to invest
Participant Directed Accounts in Directed Investment Options;

    

    (2)    the
name, address and phone number of the Fiduciary (and, if applicable, the person
or persons designated by the Fiduciary to act on its behalf) responsible for
providing information to the Participant or a Beneficiary upon request relating
to the Directed Investment Options;

    

    (3)    applicable
restrictions on transfers to and from any Designated Investment
Alternative;

    

    (4)    any
restrictions on the exercise of voting, tender and similar rights related to a
Directed Investment Option by the Participants or their
Beneficiaries;

    

    (5)    a
description of any transaction fees and expenses which affect the balances in
Participant Directed Accounts in connection with the purchase or sale of
Directed Investment Options; and

    

    (6)    general
procedures for the dissemination of investment and other information relating to
the Designated Investment Alternatives as deemed necessary or appropriate,
including but not limited to a description of the following:

    

    (i)      the
investment vehicles available under the Plan, including specific information
regarding any Designated Investment Alternative;

    

    (ii)     any
designated Investment Managers; and

    

    (iii)    a
description of the additional information which may be obtained upon request
from the Fiduciary designated to provide such information.

    

    (g)   Other documents. Any
information regarding investments available under the Plan, to the extent not
required to be described in the Participant Direction Procedures, may be
provided to the Participant in one or more written documents (or in any other
form including, but not limited to, electronic media) which are separate from
the Participant Direction Procedures and are not thereby incorporated by
reference into this Plan.

    
      
         

      

      
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    (h)   Instructions, guidelines or
policies. The Administrator may, in its discretion, include or exclude by
amendment or other action from the Participant Direction Procedures such
instructions, guidelines or policies as it deems necessary or appropriate to
ensure proper administration of the Plan, and may interpret the same
accordingly.

    

    4.14     QUALIFIED
MILITARY SERVICE

    

    Notwithstanding
any provision of this Plan to the contrary, contributions, benefits and service
will be provided in accordance with Code Section 414(u). Furthermore, loan
repayments may be suspended under this Plan as permitted under Code Section
414(u)(4).

    

    ARTICLE
V

    VALUATIONS

    

    5.1       VALUATION
OF THE TRUST FUND

    

    The
Administrator shall direct the Trustee, as of each Valuation Date, to determine
the net worth of the assets comprising the Trust Fund as it exists on the
Valuation Date. In determining such net worth, the Trustee shall value the
assets comprising the Trust Fund at their fair market value as of the Valuation
Date and shall deduct all expenses for which the Trustee has not yet obtained
reimbursement from the Employer or the Trust Fund. The Trustee may update the
value of any shares held in the Participant Directed Account by reference to the
number of shares held by that Participant, priced at the market value as of the
Valuation Date.

    

    5.2       METHOD
OF VALUATION

    

    In
determining the fair market value of securities held in the Trust Fund which are
listed on a registered stock exchange, the Administrator shall direct the
Trustee to value the same at the prices they were last traded on such exchange
preceding the close of business on the Valuation Date. If such securities were
not traded on the Valuation Date, or if the exchange on which they are traded
was not open for business on the Valuation Date, then the securities shall be
valued at the prices at which they were last traded prior to the Valuation Date.
Any unlisted security held in the Trust Fund shall be valued at its bid price
next preceding the close of business on the Valuation Date, which bid price
shall be obtained from a registered broker or an investment banker. In
determining the fair market value of assets other than securities for which
trading or bid prices can be obtained, the Trustee may appraise such assets
itself, or in its discretion, employ one or more appraisers for that purpose and
rely on the values established by such appraiser or appraisers.

    

    ARTICLE
VI

    DETERMINATION
AND DISTRIBUTION OF BENEFITS

    

    6.1       DETERMINATION OF BENEFITS UPON
RETIREMENT

    

    Every
Participant may terminate employment with the Employer and retire for the
purposes hereof on the Participant's Normal Retirement Date. However, a
Participant may postpone the termination of employment with the Employer to a
later date, in which event the participation of such Participant in the Plan,
including the right to receive allocations pursuant to Section 4.4, shall
continue until such Participant's Late Retirement Date. Upon a Participant's
Retirement Date or attainment of Normal Retirement Date without termination of
employment with the Employer (subject to the provisions of Section 4.2(d)), or
as soon thereafter as is practicable, the Administrator shall direct the
distribution, at the election of the Participant, of the Participant's entire
Vested interest in the Plan (or any portion thereof), in accordance with
Section 6.5.

    

    6.2       DETERMINATION OF BENEFITS UPON
DEATH

    

    (a)   100% Vesting on death. Upon
the death of a Participant before the Participant's Retirement Date or other
termination of employment, all amounts credited to such Participant's Account
shall become fully Vested.

    

    (b)   Distribution upon death. Upon
the death of a Participant, the Administrator shall direct, in accordance with
the provisions of Sections 6.6 and 6.7, the distribution of any remaining
amounts credited to the accounts of the deceased Participant to such
Participant's Beneficiary.

    

    (c)   Security for loans. Any
security interest held by the Plan by reason of an outstanding loan to the
Participant shall be taken into account in determining the amount of the death
benefit.

    

    (d)   Determination of death benefit by
Administrator. The Administrator may require such proper proof of death
and such evidence of the right of any person to receive payment of the value of
the account of a deceased Participant as the Administrator may deem desirable.
The Administrator's determination of death and of the right of any person to
receive payment shall be conclusive.

    

    (e)   Beneficiary designation. The
Beneficiary of the death benefit payable pursuant to this Section shall be the
Participant's surviving spouse. Except, however, the Participant may designate a
Beneficiary other than the spouse if:

    

    (1)    the
spouse has waived the right to be the Participant's Beneficiary, or

    

    (2)    the
Participant is legally separated or has been abandoned (within the meaning of
local law) and the Participant has a court order to such effect (and there is no
qualified domestic relations order as defined in Code Section 414(p) which
provides otherwise), or

    
      
         

      

      
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    (3)    the
Participant has no spouse, or

    

    (4)    the
spouse cannot be located.

    

    In such
event, the designation of a Beneficiary shall be made on a form satisfactory to
the Administrator. A Participant may at any time revoke a designation of a
Beneficiary or change a Beneficiary by filing written notice (or in such other
form as permitted by the Internal Revenue Service) of such revocation or change
with the Administrator. However, the Participant's spouse must again consent in
writing (or in such other form as permitted by the Internal Revenue Service) to
any change in Beneficiary unless the original consent acknowledged that the
spouse had the right to limit consent only to a specific Beneficiary and that
the spouse voluntarily elected to relinquish such right.

    

    (f)    Beneficiary if no beneficiary elected
by Participant. In the event no valid designation of Beneficiary exists
with respect to all or a portion of the death benefit, or if the Beneficiary of
such death benefit is not alive at the time of the Participant's death and no
contingent Beneficiary has been designated, then such death benefit will be paid
to the Participant's estate.

    

    If the
Beneficiary does not predecease the Participant, but dies prior to distribution
of the death benefit, the death benefit will be paid to the Beneficiary's
designated Beneficiary (or there is no designated Beneficiary, to the
Beneficiary's estate).

    

    (g)   Divorce revokes spousal beneficiary
designation. Notwithstanding anything in this Section to the contrary, if
a Participant has designated the spouse as a Beneficiary, then a divorce decree
or a legal separation that relates to such spouse shall revoke the Participant's
designation of the spouse as a Beneficiary unless the decree or a qualified
domestic relations order (within the meaning of Code Section 414(p))
provides otherwise or a subsequent beneficiary designation is made.

    

    (h)   Spousal consent. Any consent
by the Participant's spouse to waive any rights to the death benefit must be in
writing (or in such other form as permitted by the Internal Revenue Service),
must acknowledge the effect of such waiver, and be witnessed by a Plan
representative or a notary public. Further, the spouse's consent must be
irrevocable and must acknowledge the specific nonspouse
Beneficiary.

    

    6.3       DISABILITY
RETIREMENT BENEFITS

    

    In the
event of a Participant's Disability prior to the Participant's Retirement Date
or other termination of employment, all amounts credited to such Participant's
Account shall become fully Vested. In the event of a Participant's Disability,
the Administrator, in accordance with the provisions of Sections 6.5 and 6.7,
shall direct the distribution to such Participant of all Vested amounts credited
to such Participant's Account.

    

    6.4       DETERMINATION OF BENEFITS UPON
TERMINATION

    

    (a)   Payment on termination of
employment. If a Participant's employment with the Employer is terminated
for any reason other than death, Disability or retirement, then such Participant
shall be entitled to such benefits as are provided hereinafter pursuant to this
Section 6.4.

    

    Distribution
of the funds due to a Terminated Participant shall be made on the occurrence of
an event which would result in a distributable event had the Terminated
Participant remained in the employ of the Employer (upon the Participant's
death, Disability or Normal Retirement). However, at the election of the
Participant, the Administrator shall direct the distribution of the entire
Vested portion of the Terminated Participant's Account be payable to such
Terminated Participant as soon as administratively feasible after termination of
employment. Any distribution under this paragraph shall be made in a manner
which is consistent with and satisfies the provisions of Section 6.5,
including, but not limited to, all notice and consent requirements of Code
Section 411(a)(11) and the Regulations thereunder.

    

    For
purposes of this Section 6.4, if the value of a Terminated Participant's
Vested benefit is zero, the Terminated Participant shall be deemed to have
received a distribution of such Vested benefit.

    

    (b)   Vesting schedule. The Vested
portion of the Account of any Participant attributable to Employer contributions
shall be a percentage of the total amount credited to the Participant's Accounts
determined on the basis of the Participant's number of whole year Periods of
Service according to the following schedule(s): 

    

    (1)    The
Elective Deferral Account, the Roth Elective Deferral Account, the Qualified
Matching Contribution Account and the Qualified Nonelective Contribution Account
shall be 100% Vested regardless of a Participant's number of whole year Periods
of Service.

    

    (2)    The
Vested Portion of the Nonelective Contribution Account and the Vested portion of
the Matching Contribution Account shall be determined in accordance with the
following vesting schedule:

    

    
      
        
          
            
              
                
                  	
                          Vesting
      Schedule

                        	 
	
                          Periods
      of Service

                        	 	
                          Percentage

                        	 
	 
      	 	 	 
	
                          1

                        	 	 	34	%
	
                          2

                        	 	 	67	%
	
                          3

                        	 	 	100	%

                

              

            

          

        

      

    

    
      
         

      

      
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    (c)   No reduction in Vested percentage due
to change in vesting schedule. Notwithstanding the vesting schedule
above, the Vested percentage of a Participant's Account shall not be less than
the Vested percentage attained as of the later of the effective date or adoption
date of this amendment and restatement.

    

    (d)   Time of application of vesting
schedule liberalization. In the absence of any provision to the contrary,
any direct or indirect increase to a Participant's Vested percentage (at any
point on a vesting schedule) will not apply to a Participant unless and until
such Participant completes an Hour of Service after the effective date of such
amendment.

    

    (e)   100% Vesting on partial or full Plan
termination. Notwithstanding the vesting schedule above, upon the
complete discontinuance of the Employer contributions to the Plan or upon any
full or partial termination of the Plan, all amounts then credited to the
account of any affected Participant shall become 100% Vested and shall not
thereafter be subject to Forfeiture. 

    

    (f)    Continuation of old schedule if 3
years of service. The computation of a Participant's nonforfeitable
percentage of such Participant's interest in the Plan shall not be reduced as
the result of any direct or indirect amendment to this Plan. In the event that
the Plan is amended to change or modify any vesting schedule, or if the Plan is
amended in any way that directly or indirectly affects the computation of the
Participant's nonforfeitable percentage, or if the Plan is deemed amended by an
automatic change to or from a top-heavy vesting schedule, then each Participant
with an Hour of Service after such change and who has at least three (3)
whole year Periods of Service as of the expiration date of the election period
may elect to have such Participant's nonforfeitable percentage computed under
the Plan without regard to such amendment or change. If such a Participant fails
to make such election, then such Participant shall be subject to the new vesting
schedule. The Participant's election period shall commence on the date the
amendment is adopted or deemed to be made and shall end sixty (60) days
after the latest of: 

    

    (1)    the
adoption date of the amendment,

    

    (2)    the
effective date of the amendment, or

    

    (3)    the
date the Participant receives written notice of the amendment from the Employer
or Administrator.

    

    6.5       DISTRIBUTION OF BENEFITS

    

    (a)   The
Administrator, pursuant to the election of the Participant, shall direct the
Trustee to distribute to a Participant or such Participant's Beneficiary the
amount (if any) to which the Participant (or Beneficiary) has become entitled
under the Plan in one lump-sum payment in cash or in-kind allocated to the
Participant's Account.

    

    (b)   Effective
with respect to distributions made on or after March 28, 2005, a distribution to
a Participant who has a Total Vested Benefit which exceeds $1,000 shall require
such Participant's written consent (or in such other form as permitted by the
Internal Revenue Service) if such distribution occurs prior to the time the
benefit is "immediately distributable." A benefit is "immediately distributable"
if any part of the benefit could be distributed to the Participant (or surviving
spouse) before the Participant attains (or would have attained if not deceased)
the later of the Participant's Normal Retirement Age or age 62. 

    

    Any such
distribution may be made less than thirty (30) days after the notice
required under Regulation 1.411(a)-11(c) is given, provided that:
(1) the Administrator clearly informs the Participant that the Participant
has a right to a period of at least thirty (30) days after receiving the
notice to consider the decision of whether or not to elect a distribution (and,
if applicable, a particular distribution option), and (2) the Participant,
after receiving the notice, affirmatively elects a distribution.

    

    (c)   All
annuity Contracts under this Plan shall be non-transferable when distributed.
Furthermore, the terms of any annuity Contract purchased and distributed to a
Participant or spouse shall comply with all of the requirements of the
Plan.

    

    (d)   If
a distribution is made to a Participant who has not severed employment and who
is not fully Vested in the Participant's Account and the Participant may
increase the Vested percentage in such account, then, at any relevant time the
Participant's Vested portion of the account will be equal to an amount ("X")
determined by the formula: 

    

    X equals
P(AB plus D) - D

    

    For
purposes of applying the formula: P is the Vested percentage at the relevant
time, AB is the account balance at the relevant time, and D is the amount of
distribution, and the relevant time is the time at which, under the Plan, the
Vested percentage in the account cannot increase.

    

    (e)   Required
minimum distributions (Code Section 401(a)(9)). Notwithstanding any provision in
the Plan to the contrary, the distribution of a Participant's benefits shall be
made in accordance with the requirements of Section 6.8.

    
      
         

      

      
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    6.6       DISTRIBUTION OF BENEFITS UPON
DEATH

    

    (a)   The
death benefit payable pursuant to Section 6.2 shall be paid to the
Participant's Beneficiary in one lump-sum payment in cash or in-kind allocated
to the Participant's Account subject to the rules of
Section 6.8.

    

    (b)   Notwithstanding
any provision in the Plan to the contrary, distributions upon the death of a
Participant shall comply with the requirements of Section 6.8.

    

    6.7       TIME OF DISTRIBUTION

    

    Except as
limited by Section 6.8, whenever a distribution is to be made, or a series of
payments are to commence, the distribution or series of payments may be made or
begun as soon as practicable. However, unless a Participant elects in writing to
defer the receipt of benefits (such election may not result in a death benefit
that is more than incidental), the payment of benefits shall begin not later
than the sixtieth (60th) day after the close of the Plan Year in which the
latest of the following events occurs: (a) the date on which the
Participant attains the earlier of age 65 or the Normal Retirement Age specified
herein; (b) the tenth (10th) anniversary of the year in which the
Participant commenced participation in the Plan; or (c) the date the
Participant terminates service with the Employer.

    

    Notwithstanding
the foregoing, the failure of a Participant and, if applicable, the
Participant's spouse, to consent to a distribution that is immediately
distributable (within the meaning of Section 6.5), shall be deemed to be an
election to defer the commencement of payment of any benefit sufficient to
satisfy this Section.

    

    6.8       REQUIRED MINIMUM
DISTRIBUTIONS

    

    (a)   General Rules

    

    (1)    Effective Date. Unless
otherwise specified, the provisions of this Section will apply for purposes of
determining required minimum distributions for calendar years beginning with the
2002 calendar year.

    

    (2)    Precedence. The requirements
of this Section shall apply to any distribution of a Participant's interest in
the Plan and take precedence over any inconsistent provisions of the
Plan.

    

    (3)    Requirements of Treasury Regulations
Incorporated. All distributions required under this Section will be
determined and made in accordance with the Regulations under Code Section
401(a)(9) and the minimum distribution incidental benefit requirement of Code
Section 401(a)(9)(G).

    

    (b)   Time and manner of
distribution 

    

    (1)    Required beginning date. The
Participant's entire interest will be distributed, or begin to be distributed,
to the Participant no later than the Participant's required beginning
date.

    

    (2)    Death of Participant before
distributions begin. If the Participant dies before distributions begin,
the Participant's entire death benefit will be distributed, or begin to be
distributed, as follows:

    

    (i)      If
the Participant or Beneficiary elects, distributions to the designated
beneficiary will begin by December 31 of the calendar year immediately following
the calendar year in which the Participant died, or, if the Participant's
surviving spouse is the Participant's designated beneficiary, by December 31 of
the calendar year in which the Participant would have attained age 70 1/2,
if later. Alternatively, the Participant or Beneficiary may elect to have
distribution of the Participant's death benefit be completed by the December 31
of the calendar year containing the fifth anniversary of the Participant's
death. In the absence of any election (including the failure to commence
required minimum distributions described by this Section by the December 31 of
the calendar year immediately following the calendar year in which the
Participant died), distribution of the Participant's death benefit shall be
completed by December 31 of the calendar year containing the fifth anniversary
of the Participant's death.

    

    (ii)     If
there is no beneficiary as of September 30 of the year following the year of the
Participant's death, the distribution of the Participant's death benefit will be
completed by December 31 of the calendar year containing the fifth anniversary
of the Participant's death.

    

    (iii)    If
the Participant's surviving spouse is the Participant's sole designated
beneficiary and the surviving spouse dies after the Participant but before
distributions to the surviving spouse begin, this Section 6.8(b), other than
this paragraph, will apply as if the surviving spouse were the Participant.
Thus, in all such cases, the time at which distributions must commence (or be
completed by) shall be determined solely by reference to the year that the
Participant died, and not the year in which the Participant would have attained
age 70 1/2.

    

    For
purposes of this Section 6.8(b), unless a surviving spouse is electing to
commence benefits based upon the date that the Participant would have attained
age 70 1/2, distributions are considered to begin on the Participant's required
beginning date. If the surviving-spouse election applies, distributions are
considered to begin on the date distributions are required to begin to the
surviving spouse under Section 6.8(b).

    
      
         

      

      
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    (3)    Forms of distribution. Unless
the Participant's interest is distributed in a single sum on or before the
required beginning date, as of the first distribution calendar year
distributions will be made in accordance with Sections 6.8(c) and 6.8(d). All
distributions under this Section shall be made in a manner which is consistent
with and satisfies the provisions of Section 6.5, including, but not
limited to, all notice and consent requirements of Code Section 411(a)(11) and
the Regulations thereunder.

    

    (c)   Required minimum distributions during
Participant's lifetime 

    

    (1)    Amount of required minimum
distribution for each distribution calendar year. During the
Participant's lifetime, the minimum amount that will be distributed for each
distribution calendar year is the lesser of:

    

    (i)      the
quotient obtained by dividing the Participant's Account balance by the
distribution period in the Uniform Lifetime Table set forth in Regulation
Section 1.401(a)(9)-9, using the Participant's age as of the Participant's
birthday in the distribution calendar year; or

    

    (ii)     if
the Participant's sole designated beneficiary for the distribution calendar year
is the Participant's spouse and the spouse is more than 10 years younger than
the Participant, the quotient obtained by dividing the Participant's Account
balance by the number in the Joint and Last Survivor Table set forth in
Regulation Section 1.401(a)(9)-9, using the Participant's and spouse's attained
ages as of the Participant's and spouse's birthdays in the distribution calendar
year.

    

    (2)    Lifetime required minimum
distributions continue through year of Participant's death. Required
minimum distributions will be determined under this Section 6.8(c) beginning
with the first distribution calendar year and up to and including the
distribution calendar year that includes the Participant's date of
death.

    

    (d)   Required minimum distributions after
Participant's death 

    

    (1)    Death on or after date distributions
begin. 

    

    (i)    Participant survived by designated
beneficiary. If the Participant dies on or after the date distributions
begin and there is a designated beneficiary, the minimum amount that will be
distributed for each distribution calendar year after the year of the
Participant's death is the quotient obtained by dividing the Participant's
Account balance by the longer of the remaining life expectancy of the
Participant or the remaining life expectancy of the Participant's designated
beneficiary, determined as follows:

    

    (A)     The
Participant's remaining life expectancy is calculated using the age of the
Participant in the year of death, reduced by one for each subsequent
year.

    

    (B)      If
the Participant's surviving spouse is the Participant's sole designated
beneficiary, the remaining life expectancy of the surviving spouse is calculated
for each distribution calendar year after the year of the Participant's death
using the surviving spouse's age as of the spouse's birthday in that year. For
distribution calendar years after the year of the surviving spouse's death, the
remaining life expectancy of the surviving spouse is calculated using the age of
the surviving spouse as of the spouse's birthday in the calendar year of the
spouse's death, reduced by one for each subsequent calendar year.

    

    (C)      If
the Participant's surviving spouse is not the Participant's sole designated
beneficiary, the designated beneficiary's remaining life expectancy is
calculated using the age of the beneficiary in the year following the year of
the Participant's death, reduced by one for each subsequent year.

    

    (ii)     No designated beneficiary. If
the Participant dies on or after the date distributions begin and there is no
designated beneficiary as of September 30 of the year after the year of the
Participant's death, the minimum amount that will be distributed for each
distribution calendar year after the year of the Participant's death is the
quotient obtained by dividing the Participant's Account balance by the
Participant's remaining life expectancy calculated using the age of the
Participant in the year of death, reduced by one for each subsequent
year.

    

    (2)    Death before date distributions
begin. 

    

    (i)      Participant survived by designated
beneficiary. Except as provided in Section 6.8(b)(3), if the
Participant dies before the date distributions begin and there is a designated
beneficiary, the minimum amount that will be distributed for each distribution
calendar year after the year of the Participant's death is the quotient obtained
by dividing the Participant's Account balance by the remaining life expectancy
of the Participant's designated beneficiary, determined as provided in Section
6.8(d)(1).

    

    (ii)     No designated beneficiary. If
the Participant dies before the date distributions begin and there is no
designated beneficiary as of September 30 of the year following the year of the
Participant's death, distribution of the Participant's entire interest will be
completed by December 31 of the calendar year containing the fifth anniversary
of the Participant's death.

    

    (iii)    Death of surviving spouse before
distributions to surviving spouse are required to begin. If the
Participant dies before the date distributions begin, the Participant's
surviving spouse is the Participant's sole designated beneficiary, and the
surviving spouse dies before distributions are required to begin to the
surviving spouse under Section 6.8(b), this Section 6.8(d)(2) will apply as
if the surviving spouse were the Participant.

    
      
         

      

      
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    (e)   Definitions. For purposes of
this Section, the following definitions apply:

    

    (1)    "Designated
beneficiary" means the individual who is designated as the Beneficiary under the
Plan and is the designated beneficiary under Code Section 401(a)(9) and
Regulation Section 1.401(a)(9)-4, Q&A-4.

    

    (2)    "Distribution
calendar year" means a calendar year for which a minimum distribution is
required. For distributions beginning before the Participant's death, the first
distribution calendar year is the calendar year immediately preceding the
calendar year which contains the Participant's "required beginning date." For
distributions beginning after the Participant's death, the first distribution
calendar year is the calendar year in which distributions are required to begin
under Section 6.8(b). The required minimum distribution for the Participant's
first distribution calendar year will be made on or before the Participant's
"required beginning date." The required minimum distribution for other
distribution calendar years, including the required minimum distribution for the
distribution calendar year in which the Participant's "required beginning date"
occurs, will be made on or before December 31 of that distribution calendar
year.

    

    (3)    "Life
expectancy" means the life expectancy as computed by use of the Single Life
Table in Regulation Section 1.401(a)(9)-9, Q&A-1.

    

    (4)    "Participant's
account balance" means the "Participant's account balance" as of the last
Valuation Date in the calendar year immediately preceding the Distribution
calendar year (valuation calendar year) increased by the amount of any
contributions made and allocated or Forfeitures allocated to the account balance
as of dates in the valuation calendar year after the Valuation Date and
decreased by distributions made in the valuation calendar year after the
Valuation Date. For this purpose, the Administrator may exclude contributions
that are allocated to the account balance as of dates in the valuation calendar
year after the Valuation Date, but that are not actually made during the
valuation calendar year. The account balance for the valuation calendar year
includes any amounts rolled over or transferred to the Plan either in the
valuation calendar year or in the Distribution calendar year if distributed or
transferred in the valuation calendar year.

    

    (5)    "Required
beginning date" means, with respect to any Participant, April 1 of the calendar
year following the later of the calendar year in which the Participant attains
age 70 1/2 or the calendar year in which the Participant retires, except
that benefit distributions to a 5-percent owner must commence by April 1 of the
calendar year following the calendar year in which the Participant attains age
70 1/2.

    

    (6)    "5-percent
owner" means a Participant who is a 5-percent owner as defined in Code Section
416 at any time during the Plan Year ending with or within the calendar year in
which such owner attains age 70 1/2. Once distributions have begun to a
5-percent owner under this Section they must continue to be distributed, even if
the Participant ceases to be a 5-percent owner in a subsequent year.

    

    (f)    Transition rules

    

    (1)    Rules for plans in existence before
1997. Any required minimum distribution rights conferred on participants
in order to comply with (or as a means of complying with) the changes to Code
Section 401(a)(9) made by the Small Business Jobs Protection Act of 1996 that
were still in effect immediately prior to this restatement shall be
preserved.

    

    (2)    Applicable regulations.
Notwithstanding any Plan provision to the contrary, required minimum
distributions before 2003 were made as follows:

    

    (i)      2001. Required minimum
distributions for calendar year 2001 were made pursuant to the proposed
Regulations under Code Section 401(a)(9) published in the Federal Register on
January 17, 2001 (the "2001 Proposed Regulations"). If distributions were made
in 2001 under the 1987 Proposed Regulations prior to the date in 2001 the plan
began operating under the 2001 Proposed Regulations, the special transition rule
in Announcement 2001-82, 2001-2 C.B. 123, applied.

    

    (ii)     2002. Required minimum
distributions for calendar year 2002 were made pursuant to the Final and
Temporary Regulations under Code Section 401(a)(9) published in the Federal
Register on April 17, 2002, (the "2002 Final and Temporary Regulations") which
are described in Sections (b) through (f) of this Section. If distributions were
made in 2002 under either the 1987 Proposed Regulations or the 2001 Proposed
Regulations prior to the date in 2002 the Plan began operating under the 2002
Final and Temporary Regulations, the special transition rule in Section 1.2 of
the model amendment in Revenue Procedure 2002-29, 2002-1 C.B. 1176,
applied.

    
      
         

      

      
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    (g)   Statutory (TEFRA) Transition
Rules

    

    (1)    Notwithstanding
the other provisions of this Section, other than the spouse's right of consent
afforded under the Plan, distributions may be made on behalf of any Participant,
including a five percent (5%) owner, who has made a designation in accordance
with Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA)
and in accordance with all of the following requirements (regardless of when
such distribution commences):

    

    (i)      The
distribution by the Plan is one which would not have disqualified such plan
under Code Section 401(a)(9) as in effect prior to amendment by the Deficit
Reduction Act of 1984.

    

    (ii)     The
distribution is in accordance with a method of distribution designated by the
Participant whose interest in the plan is being distributed or, if the
Participant is deceased, by a Beneficiary of such Participant.

    

    (iii)    Such
designation was in writing, was signed by the Participant or the Beneficiary,
and was made before January 1, 1984.

    

    (iv)    The
Participant had accrued a benefit under the Plan as of December 31,
1983.

    

    (v)     The
method of distribution designated by the Participant or the Beneficiary
specifies the time at which distribution will commence, the period over which
distributions will be made, and in the case of any distribution upon the
Participant's death, the Beneficiaries of the Participant listed in order of
priority.

    

    (2)    A
distribution upon death will not be covered by the transitional rule of this
subsection unless the information in the designation contains the required
information described above with respect to the distributions to be made upon
the death of the Participant.

    

    (3)    For
any distribution which commences before January 1, 1984, but continues after
December 31, 1983, the Participant, or the Beneficiary, to whom such
distribution is being made, will be presumed to have designated the method of
distribution under which the distribution is being made if the method of
distribution was specified in writing and the distribution satisfies the
requirements in (1)(i) and (1)(v) of this subsection.

    

    (4)    If
a designation is revoked, any subsequent distribution must satisfy the
requirements of Code Section 401(a)(9) and the Regulations thereunder. If a
designation is revoked subsequent to the date distributions are required to
begin, the Plan must distribute by the end of the calendar year following the
calendar year in which the revocation occurs the total amount not yet
distributed which would have been required to have been distributed to satisfy
Code Section 401(a)(9) and the Regulations thereunder, but for the Section
242(b)(2) election. For calendar years beginning after December 31, 1988, such
distributions must meet the minimum distribution incidental benefit
requirements. Any changes in the designation will be considered to be a
revocation of the designation. However, the mere substitution or addition of
another Beneficiary (one not named in the designation) under the designation
will not be considered to be a revocation of the designation, so long as such
substitution or addition does not alter the period over which distributions are
to be made under the designation, directly or indirectly (for example, by
altering the relevant measuring life).

    

    (5)    In
the case in which an amount is transferred or rolled over from one plan to
another plan, the rules in Regulation Section 1.401(a)(9)-8, Q&A-14 and
Q&A-15, shall apply.

    

    6.9       DISTRIBUTION
FOR MINOR OR INCOMPETENT INDIVIDUAL

    

    In the
event a distribution is to be made to a minor or incompetent individual, then
the Administrator may direct that such distribution be paid to the
court-appointed legal guardian or any other person authorized under state law to
receive such distribution, or if none, then in the case of a minor Beneficiary,
to a parent of such Beneficiary, or to the custodian for such Beneficiary under
the Uniform Gift to Minors Act or Gift to Minors Act, if such is permitted by
the laws of the state in which said Beneficiary resides. Such a payment to the
guardian, custodian or parent of a minor or incompetent individual shall fully
discharge the Trustee, Employer, and Plan from further liability on account
thereof.

    

    6.10     LOCATION OF PARTICIPANT OR
BENEFICIARY UNKNOWN 

    

    In the
event that all, or any portion, of the distribution payable to a Participant or
Beneficiary hereunder shall, at the later of the Participant's attainment of
age 62 or Normal Retirement Age, remain unpaid solely by reason of the
inability of the Administrator, after sending a registered letter, return
receipt requested, to the last known address, and after further diligent effort,
to ascertain the whereabouts of such Participant or Beneficiary, the amount so
distributable shall be treated as a Forfeiture pursuant to the Plan.
Notwithstanding the foregoing, effective with respect to distributions made
after March 28, 2005, if the Plan provides for mandatory distributions and the
amount to be distributed to a Participant or Beneficiary does not exceed $1,000,
then the amount distributable may, in the sole discretion of the Administrator,
either be treated as a Forfeiture, or be paid directly to an individual
retirement account described in Code Section 408(a) or an individual retirement
annuity described in Code Section 408(b) at the time it is determined that the
whereabouts of the Participant or the Participant's Beneficiary cannot be
ascertained. In the event a Participant or Beneficiary is located subsequent to
the Forfeiture, such benefit shall be restored, first from Forfeitures, if any,
and then from an additional Employer contribution if necessary. Upon Plan
termination, the portion of the distributable amount that is an eligible
rollover distribution as defined in Plan Section 6.14 may be paid directly
to an individual retirement account described in Code Section 408(a) or an
individual retirement annuity described in Code Section 408(b). However,
regardless of the preceding, a benefit that is lost by reason of escheat under
applicable state law is not treated as a Forfeiture for purposes of this Section
nor as an impermissible forfeiture under the Code.

    
      
         

      

      
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    6.11     PRE-RETIREMENT
DISTRIBUTION OF EMPLOYER
CONTRIBUTIONS 

    

    At such
time as a Participant shall have attained age 59 1/2 or Normal Retirement Age,
the Administrator, at the election of the Participant who has not severed
employment with the Employer, shall direct the Trustee to distribute all or a
portion of the amount then credited to all accounts maintained on behalf of the
Participant.

    

    In the
event that the Administrator makes such a distribution, the Participant shall
continue to be eligible to participate in the Plan on the same basis as any
other Employee. Any distribution made pursuant to this Section shall be made in
a manner consistent with Section 6.5, including, but not limited to, all
notice and consent requirements of Code Section 411(a)(11) and the Regulations
thereunder.

    

    For
purposes of this Section, a Participant shall also mean an Employee or Former
Employee with an Account Balance under the Plan.

    

    Notwithstanding
anything in this Section to the contrary, pre-retirement distributions from a
Participant's Elective Deferral Account, Qualified Nonelective Account, or
Qualified Matching Account shall not be permitted prior to the Participant
attaining age 59 1/2 or one of the other events described in
Section 4.2(d).

    

    The
following provision(s) also apply:

    

    (a)   No
such distribution shall be made from an Account until such Account has become
fully Vested.

    

    6.12        ADVANCE DISTRIBUTION FOR HARDSHIP

    

    (a)   The
Administrator, at the election of the Participant whether or not currently
employed as an Employee, shall direct the Trustee to distribute to any
Participant from the Vested portion of the Participant's Account the amount
necessary to satisfy the immediate and heavy financial need of the Participant,
subject to the limitations of this Section. Any distribution made pursuant to
this Section shall be deemed to be made as of the first day of the Plan Year or,
if later, the Valuation Date immediately preceding the date of distribution.
Effective with respect to Plan Years beginning in 2006, any withdrawal made
pursuant to this Section shall be deemed to be on account of an immediate and
heavy financial need of the Participant if the withdrawal is for:

    

    (1)    Expenses
for (or necessary to obtain) medical care (for the Participant or the spouse or
dependent of the Participant) that would be deductible by the Participant under
Code Section 213(d) (determined without regard to whether the expenses exceed
7.5% of adjusted gross income);

    

    (2)    Costs
directly related to the purchase (excluding mortgage payments) of a principal
residence for the Participant;

    

    (3)    Payments
for burial or funeral expenses for the Participant's deceased parent, spouse,
children or dependents (as defined in Code Section 152, and, for taxable years
beginning on or after January 1, 2005, without regard to Code Section
152(d)(1)(B));

    

    (4)    Payment
of tuition, related educational fees, and room and board expenses, for up to the
next twelve (12) months of post-secondary education for the Participant, the
Participant's spouse, children, or dependents (as defined in Code Section 152,
and, for taxable years beginning on or after January 1, 2005, without regard to
Code Sections 152(b)(1), (b)(2), and (d)(1)(B));

    

    (5)    Payments
necessary to prevent the eviction of the Participant from the Participant's
principal residence or foreclosure on the mortgage on that residence;
or

    

    (6)    For
Plan Years beginning on or after January 1, 2006, expenses for the repair of
damage to the Participant's principal residence that would qualify for the
casualty deduction under Code Section 165 (determined without regard to whether
the loss exceeds 10% of adjusted gross income).

    

    (b)   No
distribution shall be made pursuant to this Section unless the Administrator,
based upon the Participant's representation and such other facts as are known to
the Administrator, determines that all of the following conditions are
satisfied: 

    

    (1)    The
distribution is not in excess of the amount of the immediate and heavy financial
need of the Participant. The amount of the immediate and heavy financial need
may include any amounts necessary to pay any federal, state, or local income
taxes or penalties reasonably anticipated to result from the
distribution;

    

    (2)    The
Participant has obtained all distributions, other than hardship distributions,
and all nontaxable (at the time of the loan) loans currently available under all
plans maintained by the Employer;

    

    (3)    On
or after December 31, 2001, the Plan, and all other plans maintained by the
Employer, provide that the Participant's Elective Deferrals and After-Tax
Voluntary Contributions will be suspended for at least six (6) months after
receipt of the hardship distribution or, the Participant, pursuant to a legally
enforceable agreement, will suspend Elective Deferrals and After-Tax Voluntary
Contributions to the Plan and all other plans maintained by the Employer for at
least six (6) months after receipt of the hardship distribution;
and

    
      
         

      

      
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    (4)    For
hardship distributions made prior to 2002, the Plan, and all other plans
maintained by the Employer, provide that the Participant may not make Elective
Deferrals for the Participant's taxable year immediately following the taxable
year of the hardship distribution in excess of the applicable limit under Code
Section 402(g) for such next taxable year less the amount of such
Participant's Elective Deferrals for the taxable year of the hardship
distribution.

    

    (c)   Notwithstanding
the above, distributions from the Participant's "elective account" pursuant to
this Section shall be limited in amount, as of the date of distribution, to the
Participant's "elective account" as of the end of the last Plan Year ending
before July 1, 1989, plus the sum of the Participant's Elective
Deferrals after such date, reduced by the amount of any previous distributions
from this Account pursuant to this Section and Section 6.11. A Participant's
"elective account" shall be the amount attributable to Elective Deferrals,
Qualified Matching Contributions, and Qualified Nonelective Contributions as of
the end of the last Plan Year ending before July 1, 1989.

    

    (d)   Any
distribution made pursuant to this Section shall be made in a manner which is
consistent with and satisfies the provisions of Section 6.5, including, but
not limited to, all notice and consent requirements of Code Section 411(a)(11)
and the Regulations thereunder.

    

    (e)   The
following limitations apply to hardship distributions:

    

    (1)    The
minimum amount of a hardship distribution is $1,000.

    

    (f)    Hardship
distributions may be made from only the following accounts:

    

    (1)    Pre-Tax
Elective Deferral Account, subject to the limitations described above with
respect to hardship distributions of Elective Deferrals

    

    (2)    Roth
Elective Deferral Account, subject to the limitations described above with
respect to hardship distributions of Elective Deferrals

    

    6.13     QUALIFIED
DOMESTIC RELATIONS ORDER DISTRIBUTION

    

    All
rights and benefits, including elections, provided to a Participant in this Plan
shall be subject to the rights afforded to any alternate payee under a qualified
domestic relations order. Furthermore, a distribution to an alternate payee
shall be permitted if such distribution is authorized by a qualified domestic
relations order, even if the affected Participant has not separated from service
and has not reached the earliest retirement age. For the purposes of this
Section, the terms "alternate payee," "qualified domestic relations order" and
"earliest retirement age" shall have the meaning set forth under Code
Section 414(p).

    

    6.14     DIRECT ROLLOVER

    

    (a)   Right to direct partial
rollover. Notwithstanding any provision of the Plan to the contrary that
would otherwise limit a distributee's election under this Section, effective for
Plan Years beginning on or after January 1, 2002, a distributee may elect, at
the time and in the manner prescribed by the Administrator, to have only a
portion of an eligible rollover distribution paid directly to an eligible
retirement plan specified by the distributee in a direct rollover. However, the
minimum partial rollover must equal at least $500 (applied separately with
respect to distributions payable from a Participant's Roth Elective Deferral
Account and remainder of the distributable amount).

    

    (b)   For
purposes of this Section the following definitions shall apply:

    

    (1)    An
"eligible rollover distribution" means any distribution described in Code
Section 402(c)(4) and generally includes any distribution of all or any portion
of the balance to the credit of the distributee, except that an eligible
rollover distribution does not include: any distribution that is one of a series
of substantially equal periodic payments (not less frequently than annually)
made for the life (or life expectancy) of the distributee or the joint lives (or
joint life expectancies) of the distributee and the distributee's Designated
Beneficiary, or for a specified period of ten (10) years or more; any
distribution to the extent such distribution is required under Code Section
401(a)(9); the portion of any other distribution(s) that is not includible in
gross income (determined without regard to the exclusion for net unrealized
appreciation with respect to employer securities); and any other distribution
(without regard to the amount to be distributed from the Participant's Roth
Elective Deferral Account) reasonably expected to total less than $200 during a
year. Any amount that is distributed on account of hardship shall not be an
eligible rollover distribution and the distributee may not elect to have any
portion of such a distribution paid directly to an eligible retirement
plan.

    

    (2)    An
"eligible retirement plan" is an individual retirement account described in Code
Section 408(a), an individual retirement annuity described in Code
Section 408(b), (other than an endowment contract), a qualified trust (an
employees' trust) described in Code Section 401(a) which is exempt from tax
under Code Section 501(a) and which agrees to separately account for
amounts transferred into such plan from this Plan, an annuity plan described in
Code Section 403(a), an eligible deferred compensation plan described in
Code Section 457(b) which is maintained by a state, political subdivision
of a state, or any agency or instrumentality thereof which agrees to separately
account for amounts transferred into such plan from this Plan, and an annuity
contract described in Code Section 403(b) that accepts the distributee's
eligible rollover distribution. The definition of eligible retirement plan shall
also apply in the case of a distribution to a surviving spouse, or to a spouse
or former spouse who is the alternate payee under a qualified domestic relation
order, as defined in Code Section 414(p). A direct rollover of a distribution
from a Roth Elective Deferral Account will only be made to another Roth Elective
Deferral Account under an applicable retirement plan described in Code Section
402A(e)(1) or to a Roth IRA described in Code Section 408A, and only to the
extent that the rollover is permitted under the rules of
402(c).

    
      
         

      

      
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    (3)    A
"distributee" includes an Employee or Former Employee. In addition, the
Employee's or Former Employee's surviving spouse and the Employee's or Former
Employee's spouse or former spouse who is the alternate payee under a qualified
domestic relations order, as defined in Code Section 414(p), are distributees
with regard to the interest of the spouse or former spouse.

    

    (4)    A
"direct rollover" is a payment by the Plan to the "eligible retirement plan"
specified by the distributee.

    

    (c)   Participant Notice. A
Participant entitled to an eligible rollover distribution must receive a written
explanation of his/her right to a direct rollover, the tax consequences of not
making a direct rollover, and, if applicable, any available special income tax
elections. The notice must be provided within the same 30-to-90 day timeframe
applicable to the Participant consent notice. The direct rollover notice must be
provided to all Participants, unless the total amount the Participant will
receive as a distribution during the calendar year (without regard to the amount
to be distributed from the Participant's Roth Elective Deferral Account) is
expected to be less than $200.

    

    6.15        TRANSFER
OF ASSETS FROM A MONEY PURCHASE PLAN

    

    Notwithstanding
any provision of this Plan to the contrary, to the extent that any optional form
of benefit under this Plan permits a distribution prior to the Employee's
attainment of Normal Retirement Age, death, disability, or severance from
employment, and prior to Plan termination, the optional form of benefit is not
available with respect to benefits attributable to assets (including the
post-transfer earnings thereon) and liabilities that are transferred, within the
meaning of Code Section 414(l), to this Plan from a money purchase pension plan
qualified under Code Section 401(a) (other than any portion of those assets and
liabilities attributable to after-tax voluntary employee contributions or to a
direct or indirect rollover contribution).

    

    6.16        CORRECTIVE
DISTRIBUTIONS

    

    Nothing
in this Article shall preclude the Administrator from making a distribution to a
Participant, to the extent such distribution is made to correct a qualification
defect in accordance with the corrective procedures under any voluntary
compliance program.

    

    ARTICLE
VII

    AMENDMENT,
TERMINATION, MERGERS AND LOANS

    

    7.1       AMENDMENT

    

    (a)   General rule on Employer amendment.
The Employer shall have the right at any time to amend this Plan, subject
to the limitations of this Section. However, any amendment which affects the
rights, duties or responsibilities of the Trustee or Administrator may only be
made with the Trustee's or Administrator's written consent. Any such amendment
shall become effective as provided therein upon its execution. The Trustee shall
not be required to execute any such amendment unless the amendment affects the
duties of the Trustee hereunder.

    

    (b)   Permissible amendments without
affecting reliance. The Employer may make the modifications described
below without affecting reliance on the terms of the Plan. An Employer that
amends the Plan for any other reason may not rely on the advisory letter that
the terms of the Plan meet the qualification requirements of the Code. Permitted
changes include: adding options permitted by the Plan; adding or deleting
provisions that are optional under the volume submitter specimen plan; changing
effective dates within the parameters of the volume submitter specimen plan;
correcting obvious and unambiguous typographical errors; correcting
cross-references that do not in any way change the original intended meaning of
the provisions; adding a list of benefits that must be preserved as protected
benefits within the meaning of Code Section 411(d)(6) and the regulations
thereunder; amending provisions dealing with the administration of the Trust; a
change to the name of the Plan, Employer, Trustee, custodian, Plan Administrator
or any other fiduciary, the Plan Year; and any sample or model amendment
published by the IRS (or other required good-faith amendments) which
specifically provide that their adoption will not cause the plan to be treated
as an individually designed plan.

    

    (c)   Sponsoring practitioner amendments.
Effective March 31, 2008, the Employer (and every Participating Employer)
expressly delegates authority to the sponsoring organization of this Volume
Submitter Plan the right to amend the Plan by submitting a copy of the amendment
to each Employer (and Participating Employer) who has adopted this Volume
Submitter Plan, after first having received a ruling or favorable determination
from the Internal Revenue Service that the Volume Submitter Plan as amended
qualifies under Code Section 401(a) (unless a ruling or determination is not
required by the IRS). However, the volume submitter practitioner shall cease to
have the authority to amend on behalf of an Employer that adopts an
impermissible plan type or impermissible plan provision (as described in IRS
Announcement 2005-37 and any subsequent guidance). The volume submitter
practitioner will maintain a record of the Employers that have adopted the Plan,
and the practitioner will make reasonable and diligent efforts to ensure that
adopting Employers adopt new documents when necessary. This subsection
supersedes other provisions of the Plan to the extent those other provisions are
inconsistent with this subsection.

    

    (d)   Impermissible amendments. No
amendment to the Plan shall be effective if it authorizes or permits any part of
the Trust Fund (other than such part as is required to pay taxes and
administration expenses) to be used for or diverted to any purpose other than
for the exclusive benefit of the Participants or their Beneficiaries or estates,
or causes any reduction in the amount credited to the account of any
Participant, or causes or permits any portion of the Trust Fund to revert to or
become property of the Employer.

    
      
         

      

      
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    (e)   Anti-cutback restrictions.
Except as permitted by Regulations (including Regulation 1.411(d)-4)
or other IRS guidance, no Plan amendment or transaction having the effect of a
Plan amendment (such as a merger, plan transfer or similar transaction) shall be
effective if it eliminates or reduces any Section 411(d)(6) protected
benefit or adds or modifies conditions relating to Section 411(d)(6)
protected benefits which results in a further restriction on such benefits
unless such "Section 411(d)(6) protected benefits" are preserved with
respect to benefits accrued as of the later of the adoption date or effective
date of the amendment. The term "Section 411(d)(6) protected benefits"
means benefits described in Code Section 411(d)(6)(A), early retirement
benefits and retirement-type subsidies, and optional forms of benefit. An
amendment which has the effect of decreasing a Participant's Account balance
with respect to benefits attributable to service before the amendment shall be
treated as reducing an accrued benefit. The preceding shall not apply to a Plan
amendment that eliminates or restricts the ability of a Participant to receive
payment of his or her Account under a particular optional form of benefit if the
amendment provides a single-sum distribution form that is otherwise identical to
the optional form of benefit being eliminated or restricted. For this purpose, a
single-sum distribution form is otherwise identical only if the single-sum
distribution form is identical in all respects to the eliminated or restricted
optional form of benefit (or would be identical except that it provides greater
rights to the Participant) except with respect to the timing of payments after
commencement. 

    

    7.2       TERMINATION

    

    (a)   Termination of Plan. The
Employer shall have the right at any time to terminate the Plan by delivering to
the Trustee and Administrator written notice of such termination. Upon any full
or partial termination, all amounts credited to the affected Participants'
Accounts shall become 100% Vested as provided in Section 6.4 and shall not
thereafter be subject to forfeiture.

    

    (b)   Distribution of assets. Upon
the full termination of the Plan, the Employer shall direct the distribution of
the assets of the Plan to Participants in a manner which is consistent with the
provisions of Section 6.5 except that no Participant or spousal consent is
required. Distributions to a Participant shall be made in cash or in-kind
allocated to the Participant's Account or through the purchase of irrevocable
nontransferable deferred commitments from an insurer. Except as permitted by
Regulations, the termination of the Plan shall not result in the reduction of
Section 411(d)(6) protected benefits in accordance with
Section 7.1(e).

    

    (c)   Abandoned plan. If the
Employer, in accordance with DOL guidance, abandons the Plan, then the Trustee
(or Insurer) or other party permitted to take action as a qualified terminal
administrator (QTA), may terminate the Plan in accordance with applicable
Department of Labor and IRS regulations and other guidance.

    

    7.3       MERGER,
CONSOLIDATION OR TRANSFER OF ASSETS

    

    This Plan
may be merged or consolidated with, or its assets and/or liabilities may be
transferred to any other plan and trust, only if the benefits which would be
received by a Participant of this Plan, in the event of a termination of the
Plan immediately after such transfer, merger or consolidation, are at least
equal to the benefits the Participant would have received if the Plan had
terminated immediately before the transfer, merger or consolidation, and such
transfer, merger or consolidation does not otherwise result in the elimination
or reduction of any Section 411(d)(6) protected benefits in accordance with
Section 7.1(e).

    

    7.4       LOANS TO PARTICIPANTS

    

    (a)   Permitted loans. The Trustee
(or the Administrator if the Trustee is a nondiscretionary Trustee or if loans
are treated as Participant directed investments pursuant to this Plan) may, in
the Trustee's (or, if applicable, the Administrator's) sole discretion, make
Plan loans to Participants or Beneficiaries under the following circumstances:
(1) loans shall be made available to Participants and Beneficiaries on a
reasonably equivalent basis; (2) loans shall not be made available to
Highly Compensated Employees in an amount greater than the amount that is made
available to other Participants and Beneficiaries; (3) loans shall bear a
reasonable rate of interest; (4) loans shall be adequately secured; and
(5) loans shall provide for periodic repayment over a reasonable period of
time. Furthermore, no Plan loan shall exceed a Participant's Vested interest in
the Plan.

    

    (b)   Plan loans for Owner-Employees or
Shareholder-Employees. Effective for Plan loans made after December 31,
2001, the Plan provisions prohibiting Plan loans to any Owner-Employee or
Shareholder-Employee shall cease to apply.

    

    (c)   Prohibited assignment or
pledge. An assignment or pledge of any portion of a Participant's
interest in the Plan and a loan, pledge, or assignment with respect to any
insurance Contract purchased under the Plan, shall be treated as a Plan loan
under this Section.

    

    (d)   Loan program. The
Administrator shall be authorized to establish a Participant Loan Program to
provide for loans under the Plan. The Participant Loan Program shall be
established in accordance with Department of Labor regulation Section
2550.408(b)-1(d)(2) providing for loans by the Plan to parties-in-interest under
this Plan, such as Participants or Beneficiaries. In order for the Administrator
to implement such Participant Loan Program, a separate written document forming
a part of this Plan must be adopted, which document shall specifically include,
but need not be limited to, the following:

    

    (1)    the
identity of the person or positions authorized to administer the Participant
loan program;

    

    (2)    a
procedure for applying for loans;

    

    (3)    the
basis on which loans will be approved or denied;

    
      
         

      

      
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    (4)    limitations,
if any, on the types and amounts of loans offered;

    

    (5)    the
procedure under the program for determining a reasonable rate of
interest;

    

    (6)    the
types of collateral which may secure a Participant loan; and

    

    (7)    the
events constituting default and the steps that will be taken to preserve Plan
assets in the event such default.

    

    Such
Participant Loan Program shall be contained in a separate written document
which, when properly executed, is hereby incorporated by reference and made a
part of the Plan. Furthermore, such Participant Loan Program may be modified or
amended in writing from time to time without the necessity of amending this
Plan.

    

    (e)   Loan default. Notwithstanding
anything in this Plan to the contrary, if a Participant or Beneficiary defaults
on a Plan loan made pursuant to this Section and such loan is secured by the
Participant's interest in the Plan, then, to the extent provided in the
Participant loan program, a Participant's interest may be offset by the amount
subject to the security to the extent there is a distributable event permitted
by the Code or Regulations.

    

    (f)    Loans subject to Plan terms.
Notwithstanding anything in this Section to the contrary, any Plan loans made
prior to the date this amendment and restatement is adopted shall be subject to
the terms of the Plan in effect at the time such loan was made.

    

    ARTICLE
VIII

    TOP-HEAVY

    

    8.1       TOP-HEAVY PLAN REQUIREMENTS

    

    (a)   Top-Heavy requirements. For
any Top-Heavy Plan Year, the Plan shall provide the special vesting requirements
of Code Section 416(b) pursuant to Section 6.4 of the Plan and the
minimum required allocation of Code Section 416(c) pursuant to
Section 4.4 of the Plan. 

    

    8.2       DETERMINATION OF TOP-HEAVY
STATUS

    

    (a)   Definition of Top-Heavy Plan.
This Plan shall be a Top-Heavy Plan if any of the following conditions
exists:

    

    (1)    if
the "top-heavy ratio" for this Plan exceeds sixty percent (60%) and this Plan is
not part of any "required aggregation group" or "permissive aggregation
group";

    

    (2)    if
this Plan is a part of a "required aggregation group" but not part of a
"permissive aggregation group" and the "top-heavy ratio" for the group of plans
exceeds sixty percent (60%); or

    

    (3)    if
this Plan is a part of a "required aggregation group" and part of a "permissive
aggregation group" and the "top-heavy ratio" for the "permissive aggregation
group" exceeds sixty percent (60%).

    

    (b)   Top-heavy ratio. "Top-heavy
ratio" means, with respect to a "determination date":

    

    (1)    If
the Employer maintains one or more defined contribution plans (including any
simplified employee pension plan (as defined in Code Section 408(k)) and the
Employer has not maintained any defined benefit plan which during the 5-year
period ending on the "determination date" has or has had accrued benefits, the
top-heavy ratio for this plan alone or for the "required aggregation group" or
"permissive aggregation group" as appropriate is a fraction, the numerator of
which is the sum of the account balances of all Key Employees as of the
"determination date" (including any part of any account balance distributed in
the 1-year period ending on the "determination date") (5-year period ending on
the "determination date" in the case of a distribution made for a reason other
than severance from employment, death or disability and in determining whether
the Plan is top-heavy for Plan Years beginning before January 1, 2002), and the
denominator of which is the sum of all account balances (including any part of
any account balance distributed in the 1-year period ending on the
"determination date") (5-year period ending on the "determination date" in the
case of a distribution made for a reason other than severance from employment,
death or disability and in determining whether the Plan is top-heavy for Plan
Years beginning before January 1, 2002), both computed in accordance with Code
Section 416 and the Regulations thereunder.

    

    Both the
numerator and denominator of the top-heavy ratio are increased to reflect any
contribution not actually made as of the "determination date," but which is
required to be taken into account on that date under Code Section 416 and the
Regulations thereunder.

    
      
         

      

      
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    (2)    If
the Employer maintains one or more defined contribution plans (including any
simplified employee pension plan) and the Employer maintains or has maintained
one or more defined benefit plans which during the 5-year period ending on the
"determination date" has or has had any accrued benefits, the top-heavy ratio
for any "required aggregation group" or "permissive aggregation group" as
appropriate is a fraction, the numerator of which is the sum of account balances
under the aggregated defined contribution plan or plans for all Key Employees,
determined in accordance with (1) above, and the present value of accrued
benefits under the aggregated defined benefit plan or plans for all Key
Employees as of the "determination date," and the denominator of which is the
sum of the account balances under the aggregated defined contribution plan or
plans for all participants, determined in accordance with (1) above, and the
present value of accrued benefits under the defined benefit plan or plans for
all participants as of the "determination date," all determined in accordance
with Code Section 416 and the Regulations thereunder. The accrued benefits under
a defined benefit plan in both the numerator and denominator of the top-heavy
ratio are increased for any distribution of an accrued benefit made in the
1-year period ending on the "determination date" (5-year period ending on the
"determination date" in the case of a distribution made for a reason other than
severance from employment, death or disability and in determining whether the
Plan is top-heavy for Plan Years beginning before January 1, 2002).

    

    (3)    For
purposes of (1) and (2) above, the value of account balances and the present
value of accrued benefits will be determined as of the most recent "valuation
date" that falls within or ends with the 12-month period ending on the
"determination date," except as provided in Code Section 416 and the Regulations
thereunder for the first and second plan years of a defined benefit plan. The
account balances and accrued benefits of a participant (i) who is not a Key
Employee but who was a Key Employee in a prior year, or (ii) who has not been
credited with at least one Hour of Service with any Employer maintaining the
plan at any time during the 1-year period (5-year period in determining whether
the Plan is top-heavy for Plan Years beginning before January 1, 2002) ending on
the "determination date" will be disregarded. The calculation of the top-heavy
ratio, and the extent to which distributions, rollovers, and transfers are taken
into account will be made in accordance with Code Section 416 and the
Regulations thereunder. Deductible employee contributions will not be taken into
account for purposes of computing the top-heavy ratio. When aggregating plans
the value of account balances and accrued benefits will be calculated with
reference to the "determination dates" that fall within the same calendar
year.

    

    The
accrued benefit of a participant other than a Key Employee shall be determined
under (i) the method, if any, that uniformly applies for accrual purposes under
all defined benefit plans maintained by the employer, or (ii) if there is no
such method, as if such benefit accrued not more rapidly than the slowest
accrual rate permitted under the fractional rule of Code Section
411(b)(1)(C).

    

    (4)    The
calculation of top-heavy ratio, and the extent to which distributions,
rollovers, and transfers are taken into account, will be made in accordance with
Code Section 416 and the regulations thereunder.

    

    (c)   Determination date.
"Determination date" means, for any Plan Year subsequent to the first Plan Year,
the last day of the preceding Plan Year. For the first Plan Year of the Plan,
"determination date" means the last day of that Plan Year.

    

    (d)   Permissive aggregation group.
"Permissive aggregation group" means the "required aggregation group" of plans
plus any other plan or plans of the Employer or any Affiliated Employer which,
when considered as a group with the required aggregation group, would continue
to satisfy the requirements of Code Sections 401(a)(4) and 410.

    

    (e)   Required aggregation group.
"Required aggregation group" means: (1) each qualified plan of the Employer or
any Affiliated Employer in which at least one Key Employee participates or
participated at any time during the Plan Year containing the determination date
or any of the four preceding plan years (regardless of whether the plan has
terminated), and (2) any other qualified plan of the Employer or any Affiliated
Employer which enables a plan described in (l) to meet the requirements of Code
Sections 401(a)(4) or 410.

    

    (f)    Valuation Date. "Valuation
date" means the date elected by the Employer as of which account balances or
accrued benefits are valued for purposes of calculating the "top-heavy
ratio."

    

    ARTICLE
IX

    MISCELLANEOUS

    

    9.1       PARTICIPANT'S
RIGHTS

    

    This Plan
shall not be deemed to constitute a contract between the Employer and any
Participant or to be a consideration or an inducement for the employment of any
Participant or Employee. Nothing contained in this Plan shall be deemed to give
any Participant or Employee the right to be retained in the service of the
Employer or to interfere with the right of the Employer to discharge any
Participant or Employee at any time regardless of the effect which such
discharge shall have upon the Employee as a Participant of this
Plan.

    

    9.2       ALIENATION OF BENEFITS

    

    (a)   General rule. Subject to the
exceptions provided below, and as otherwise permitted by the Code and the Act,
no benefit which shall be payable to any person (including a Participant or the
Participant's Beneficiary) shall be subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, or charge, and any
attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, or
charge the same shall be void; and no such benefit shall in any manner be liable
for, or subject to, the debts, contracts, liabilities, engagements, or torts of
any such person, nor shall it be subject to attachment or legal process for or
against such person, and the same shall not be recognized, except to such extent
as may be required by law.

    

    (b)   Exception for loans.
Subsection (a) shall not apply to the extent a Participant or Beneficiary
is indebted to the Plan, by reason of a loan made pursuant to Section 7.4.
At the time a distribution is to be made to or for a Participant's or
Beneficiary's benefit, such proportion of the amount to be distributed as shall
equal such indebtedness shall be paid to the Plan, to apply against or discharge
such indebtedness. Prior to making a payment, however, the Participant or
Beneficiary must be given written notice by the Administrator that such
indebtedness is to be so paid in whole or part from the Participant's Account.
If the Participant or Beneficiary does not agree that the indebtedness is a
valid claim against the Vested Participant's Account, the Participant or
Beneficiary shall be entitled to a review of the validity of the claim in
accordance with procedures provided in Sections 2.8 and 2.9.

    
      
         

      

      
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    (c)   Exception for QDRO. Subsection
(a) shall not apply to a qualified domestic relations order defined in Code
Section 414(p), and those other domestic relations orders permitted to be
so treated by the Administrator under the provisions of the Retirement Equity
Act of 1984. The Administrator shall establish a written procedure to determine
the qualified status of domestic relations orders and to administer
distributions under such qualified orders. Further, to the extent provided under
a qualified domestic relations order, a former spouse of a Participant shall be
treated as the spouse or surviving spouse for all purposes under the
Plan.

    

    (d)   Exception for certain debts to Plan.
Subsection (a) shall not apply to an offset to a Participant's accrued
benefit against an amount that the Participant is ordered or required to pay the
Plan with respect to a judgment, order, or decree issued, or a settlement
entered into in accordance with Code Sections 401(a)(13)(C) and
(D).

    

    9.3       CONSTRUCTION
AND INTERPRETATION OF PLAN

    

    (a)   Applicable state laws. This
Plan shall be construed and enforced according to the Code, the Act and the laws
of the State of Delaware, other than its laws respecting choice of law, to the
extent not pre-empted by Federal law.

    

    (b)   Single subsections. This Plan
may contain single subsections. The existence of such single subsections shall
not constitute scrivener's errors.

    

    (c)   Separate Accounts. Unless
otherwise specified by a particular provision, the term "separate account" does
not require a separate fund, only a notational entry in a recordkeeping
system.

    

    9.4       GENDER
AND NUMBER

    

    (a)   Masculine and feminine.
Wherever any words are used herein in the masculine, feminine or neuter gender,
they shall be construed as though they were also used in another gender in all
cases where they would so apply.

    

    (b)   Singular and plural. Whenever
any words are used herein in the singular or plural form, they shall be
construed as though they were also used in the other form in all cases where
they would so apply.

    

    9.5       LEGAL
ACTION

    

    In the
event any claim, suit, or proceeding is brought regarding the Trust and/or Plan
established hereunder to which the Trustee, the Employer or the Administrator
may be a party, and such claim, suit, or proceeding is resolved in favor of the
Trustee, the Employer or the Administrator, they shall be entitled to be
reimbursed from the Trust Fund for any and all costs, attorney's fees, and other
expenses pertaining thereto incurred by them for which they shall have become
liable.

    

    9.6       PROHIBITION
AGAINST DIVERSION OF FUNDS

    

    (a)   General rule. Except as
provided below and otherwise specifically permitted by law, it shall be
impossible by operation of the Plan or of the Trust, by termination of either,
by power of revocation or amendment, by the happening of any contingency, by
collateral arrangement or by any other means, for any part of the corpus or
income of any Trust Fund maintained pursuant to the Plan or any funds
contributed thereto to be used for, or diverted to, purposes other than the
exclusive benefit of Participants or their Beneficiaries.

    

    (b)   Mistake of fact. In the event
the Employer shall make an excessive contribution under a mistake of fact
pursuant to Act Section 403(c)(2)(A), the Employer may demand repayment of such
excessive contribution at any time within one (1) year following the time
of payment and the Trustees shall return such amount to the Employer within the
one (1) year period. Earnings of the Plan attributable to the contributions
may not be returned to the Employer but any losses attributable thereto must
reduce the amount so returned.

    

    (c)   Contribution conditioned on
deductibility. Except as otherwise provided by a particular Plan
provision, any contribution made by the Employer to the Plan is conditioned upon
the deductibility of the contribution by the Employer under the Code and, to the
extent any such deduction is disallowed, the Employer may, within one (1)
year following the final determination of the disallowance, whether by agreement
with the Internal Revenue Service or by final decision of a competent
jurisdiction, demand repayment of such disallowed contribution and the Trustee
shall return such contribution within one (1) year following the
disallowance. Earnings of the Plan attributable to the contribution may not be
returned to the Employer, but any losses attributable thereto must reduce the
amount so returned.

    

    9.7       EMPLOYER'S
AND TRUSTEE'S PROTECTIVE CLAUSE

    

    The
Employer, Administrator and Trustee, and their successors, shall not be
responsible for the validity of any Contract issued hereunder or for the failure
on the part of the insurer to make payments provided by any such Contract, or
for the action of any person which may delay payment or render a Contract null
and void or unenforceable in whole or in part.

    
      
         

      

      
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    9.8       INSURER'S
PROTECTIVE CLAUSE

    

    Except as
otherwise agreed upon in writing between the Employer and the insurer, an
insurer which issues any Contracts hereunder shall not have any responsibility
for the validity of this Plan or for the tax or legal aspects of this Plan. The
insurer shall be protected and held harmless in acting in accordance with any
written direction of the Trustee, and shall have no duty to see to the
application of any funds paid to the Trustee, nor be required to question any
actions directed by the Trustee. Regardless of any provision of this Plan, the
insurer shall not be required to take or permit any action or allow any benefit
or privilege contrary to the terms of any Contract which it issues hereunder, or
the rules of the insurer.

    

    9.9       RECEIPT
AND RELEASE FOR PAYMENTS

    

    Any
payment to any Participant, the Participant's legal representative, Beneficiary,
or to any guardian or committee appointed for such Participant or Beneficiary in
accordance with the provisions of the Plan, shall, to the extent thereof, be in
full satisfaction of all claims hereunder against the Trustee and the
Employer.

    

    9.10     ACTION
BY THE EMPLOYER

    

    Whenever
the Employer under the terms of the Plan is permitted or required to do or
perform any act or matter or thing, it shall be done and performed by a person
duly authorized by its legally constituted authority.

    

    9.11     NAMED
FIDUCIARIES AND ALLOCATION OF RESPONSIBILITY

    

    The named
Fiduciaries of this Plan are (1) the Employer, (2) the Administrator,
(3) the Trustee and (4) any Investment Manager appointed hereunder.
The named Fiduciaries shall have only those specific powers, duties,
responsibilities, and obligations as are specifically given them under the Plan
including, but not limited to, any agreement allocating or delegating their
responsibilities, the terms of which are incorporated herein by reference. In
general, the Employer shall have the sole responsibility for making the
contributions provided for under Section 4.1; and shall have the authority
to appoint and remove the Trustee and the Administrator; to formulate the Plan's
funding policy and method; and to amend or terminate, in whole or in part, the
Plan. The Administrator shall have the sole responsibility for the
administration of the Plan, including, but not limited to, the items specified
in Article II of the Plan, as the same may be allocated or delegated thereunder.
The Administrator shall act as the named Fiduciary responsible for communicating
with the Participant according to the Participant Direction Procedures. The
Trustee shall have the sole responsibility of management of the assets held
under the Trust, except to the extent directed pursuant to Article II or
with respect to those assets, the management of which has been assigned to an
Investment Manager, who shall be solely responsible for the management of the
assets assigned to it, all as specifically provided in the Plan. Each named
Fiduciary warrants that any directions given, information furnished, or action
taken by it shall be in accordance with the provisions of the Plan, authorizing
or providing for such direction, information or action. Furthermore, each named
Fiduciary may rely upon any such direction, information or action of another
named Fiduciary as being proper under the Plan, and is not required under the
Plan to inquire into the propriety of any such direction, information or action.
It is intended under the Plan that each named Fiduciary shall be responsible for
the proper exercise of its own powers, duties, responsibilities and obligations
under the Plan as specified or allocated herein. No named Fiduciary shall
guarantee the Trust Fund in any manner against investment loss or depreciation
in asset value. Any person or group may serve in more than one Fiduciary
capacity.

    

    9.12     HEADINGS

    

    The
headings and subheadings of this Plan have been inserted for convenience of
reference and are to be ignored in any construction of the provisions
hereof.

    

    9.13     APPROVAL
BY INTERNAL REVENUE SERVICE

    

    Notwithstanding
anything herein to the contrary, if, pursuant to an application for
qualification filed by or on behalf of the Plan by the time prescribed by law
for filing the Employer's return for the taxable year in which the Plan is
adopted, or such later date that the Secretary of the Treasury may prescribe,
the Commissioner of Internal Revenue Service or the Commissioner's delegate
should determine that the Plan does not initially qualify as a tax-exempt plan
under Code Sections 401 and 501, and such determination is not contested,
or if contested, is finally upheld, then if the Plan is a new plan, it shall be
void ab initio and all amounts contributed to the Plan by the Employer, less
expenses paid, shall be returned within one (1) year after the date the
initial qualification is denied, and the Plan shall terminate, and the Trustee
shall be discharged from all further obligations. If the disqualification
relates to an amended plan, then the Plan shall operate as if it had not been
amended.

    

    9.14     ELECTRONIC MEDIA

    

    The
Administrator may use telephonic or electronic media to satisfy any notice
requirements required by this Plan, to the extent permissible under regulations
(or other generally applicable guidance). In addition, a Participant's consent
to an immediate distribution may be provided through telephonic or electronic
means, to the extent permissible under regulations (or other generally
applicable guidance). The Administrator also may use telephonic or electronic
media to conduct plan transactions such as enrolling Participants, making (and
changing) deferral elections, electing (and changing) investment allocations,
applying for Plan loans, and other transactions, to the extent permissible under
regulations (or other generally applicable guidance).

    
      
         

      

      
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    9.15     PLAN
CORRECTION

    

    The
Administrator in conjunction with the Employer may undertake such correction of
Plan errors as the Administrator deems necessary, including correction to
preserve tax qualification of the Plan under Code Section 401(a) or to correct a
fiduciary breach under the Act. Without limiting the Administrator's authority
under the prior sentence, the Administrator, as it determines to be reasonable
and appropriate, may undertake correction of Plan document, operational,
demographic and employer eligibility failures under a method described in the
Plan or under the IRS Employee Plans Compliance Resolution System ("EPCRS") or
any successor program to EPCRS. The Administrator, as it determines to be
reasonable and appropriate, also may undertake or assist the appropriate
Fiduciary or Plan official in undertaking correction of a fiduciary breach,
including correction under the DOL Voluntary Fiduciary Correction Program
("VFC") or any successor program to VFC. For example, to correct an operational
error, the Administrator may require the Trustee to distribute Elective
Deferrals or Vested Matching Contributions, including earnings, from the Plan
where such amounts result from an operational error other than a failure of Code
Section 415, Code Section 402(g), or a failure of the ADP Test or the ACP
Test.

    

    9.16     UNIFORMITY

    

    All
provisions of this Plan shall be interpreted and applied in a uniform,
nondiscriminatory manner. In the event of any conflict between the terms of this
Plan and any Contract purchased hereunder, the Plan provisions shall
control.

    

    ARTICLE
X

    PARTICIPATING
EMPLOYERS

    

    10.1     ADOPTION BY OTHER EMPLOYERS

    

    Notwithstanding
anything herein to the contrary, with the consent of the Employer and Trustee,
any other corporation or entity, whether an Affiliated Employer or not, may
adopt this Plan and all of the provisions hereof, and participate herein and be
known as a Participating Employer, by a properly executed document evidencing
said intent and will of such Participating Employer.

    

    10.2     REQUIREMENTS
OF PARTICIPATING EMPLOYERS

    

    (a)   Same Trustee for all. Each
such Participating Employer shall be required to use the same Trustee as
provided in this Plan.

    

    (b)   Holding and investing assets.
The Trustee may, but shall not be required to, commingle, hold and invest as one
Trust Fund all contributions made by Participating Employers, as well as all
increments thereof.

    

    (c)   Payment of expenses. Unless
the Employer otherwise directs, any expenses of the Plan which are to be paid by
the Employer or borne by the Trust Fund shall be paid by each Participating
Employer in the same proportion that the total amount standing to the credit of
all Participants employed by such Employer bears to the total standing to the
credit of all Participants.

    

    10.3     DESIGNATION OF AGENT

    

    Each
Participating Employer shall be deemed to be a party to this Plan; provided,
however, that with respect to all of its relations with the Trustee and
Administrator for the purpose of this Plan, each Participating Employer shall be
deemed to have designated irrevocably the Employer as its agent. Unless the
context of the Plan clearly indicates the contrary, the word "Employer" shall be
deemed to include each Participating Employer as related to its adoption of the
Plan.

    

    10.4     EMPLOYEE
TRANSFERS

    

    In the
event an Employee is transferred between Participating Employers, accumulated
service and eligibility shall be carried with the Employee involved. No such
transfer shall effect a termination of employment hereunder, and the
Participating Employer to which the Employee is transferred shall thereupon
become obligated hereunder with respect to such Employee in the same manner as
was the Participating Employer from whom the Employee was
transferred.

    

    10.5     PARTICIPATING
EMPLOYER CONTRIBUTION AND FORFEITURES

    

    Any
contribution or Forfeiture subject to allocation during each Plan Year shall be
determined and allocated separately by each Participating Employer, and shall be
allocated only among the Participants eligible to share of the Employer or
Participating Employer making the contribution or by which the forfeiting
Participant was employed. On the basis of the information furnished by the
Administrator, the Trustee shall keep separate books and records concerning the
affairs of each Participating Employer hereunder and as to the accounts and
credits of the Employees of each Participating Employer. The Trustee may, but
need not, register Contracts so as to evidence that a particular Participating
Employer is the interested Employer hereunder, but in the event of an Employee
transfer from one Participating Employer to another, the employing Employer
shall immediately notify the Trustee thereof.

    

    10.6     AMENDMENT

    

    Any
Participating Employer that is an Affiliated Employer hereby authorizes the
Employer to make amendments on its behalf, unless otherwise agreed among all
affected parties. If a Participating Employer is not an Affiliated Employer,
then amendment of this Plan by the Employer at any time when there shall be a
Participating Employer shall, unless otherwise agreed to by the affected
parties, only be by the written action of each and every Participating Employer
and with the consent of the Trustee where such consent is necessary in
accordance with the terms of this Plan.

    
      
         

      

      
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    10.7     DISCONTINUANCE
OF PARTICIPATION

    

    Any
Participating Employer shall be permitted to discontinue or revoke its
participation in the Plan at any time. At the time of any such discontinuance or
revocation, satisfactory evidence thereof and of any applicable conditions
imposed shall be delivered to the Trustee. The Employer shall have the right to
discontinue or revoke the participation in the Plan of any Participating
Employer by providing 45 days notice to such Participating Employer. The Trustee
shall thereafter transfer, deliver and assign Contracts and other Trust Fund
assets allocable to the Participants of such Participating Employer to such new
Trustee as shall have been designated by such Participating Employer, in the
event that it has established a separate qualified retirement plan for its
employees provided, however, that no such transfer shall be made if the result
is the elimination or reduction of any Section 411(d)(6) protected benefits
as described in Section 7.1(e). If a separate plan has not been
established, at the time of such continuance or revocation for whatever reason,
the assets and liabilities, Contracts and other Trust Fund assets allocable to
such Participating Employer's participation in this Plan shall be spun off
pursuant to Code Section 414(l) and such spun off assets shall constitute a
retirement plan of the Participating Employer with such Participating Employer
becoming sponsor and the individual who has signed the Supplemental
Participation Agreement on behalf of the Participating Employer becoming Trustee
for this purpose. Such individual shall agree to this appointment by virtue of
signing the Supplemental Participation Agreement. If such individual is no
longer an Employee of the Participating Employer, then the Participating
Employer shall appoint a Trustee. If no successor is designated, the Trustee
shall retain such assets for the Employees of said Participating Employer
pursuant to the provisions of the Trust. In no such event shall any part of the
corpus or income of the Trust Fund as it relates to such Participating Employer
be used for or diverted for purposes other than for the exclusive benefit of the
Employees of such Participating Employer.

    

    10.8     ADMINISTRATOR'S
AUTHORITY

    

    The
Administrator shall have authority to make any and all necessary rules or
regulations, binding upon all Participating Employers and all Participants, to
effectuate the purpose of this Article.

    

    10.9     PROVISIONS
APPLIED SEPARATELY (OR JOINTLY) FOR PARTICIPATING NON-AFFILIATED
EMPLOYERS

    

    (a)   Separate status. The Plan
Administrator will apply the definition of Compensation and perform the tests
listed in this Section, separately for each Participating Employer other than an
Affiliated Employer of such Participating Employer. For this purpose, the
Employees of each Participating Employer (and its Affiliated Employers), and
their allocations and accounts, shall be treated as though they were in separate
plan. Any correction action, such as additional contributions or corrective
distributions, shall only affect the Employees of the Participating Employer
(and its Affiliated Employers, if any). The tests subject to this separate
treatment are:

    

    (1)    The
ADP Test.

    

    (2)    The
ACP Test.

    

    (3)    Nondiscrimination
testing as described in Code Section 401(a)(4) and the applicable
Regulations.

    

    (4)    Coverage
testing as described in Code Section 410(b) and the Regulations.

    

    (5)    Status
as a Highly Compensated Employee under Section 1.41.

    

    (b)   Joint status. The following
tests shall be performed for the plan as whole, without regard to employment by
a particular Participating Employer:

    

    (1)    Applying
the annual addition limitation in Section 4.9, including the related
Compensation definition.

    

    (2)    Applying
the Code Section 402(g) limitation in Section 4.2.

    

    (3)    Applying
the limit on Catch-Up Contributions in Section 4.2.

    

    10.10   TOP-HEAVY
APPLIED SEPARATELY FOR PARTICIPATING NON-AFFILIATED EMPLOYERS

    

    The Plan
will apply the Top-Heavy Plan provisions separately to each Participating
Employer other than an Affiliated Employer of such Participating Employer. The
Plan will be considered separate plans for each Participating Employer and its
Employees for purposes of determining whether such a separate plan is top-heavy
under Section 8.1 or is entitled to the exemption described in such
Section. For purposes of applying this Article to a Participating Employer, the
Participating Employer and any entity which is an Affiliated Employer to that
Participating Employer shall be the "Employer" for purposes of Section 8.1,
and the terms "Key Employee" and "Non-Key Employee" shall refer only to the
Employees of that Participating Employer and/or its Affiliated Employers. If
such a Participating Employer's separate plan is top-heavy, then:

    

    (a)   Highest
contribution rate. The Plan Administrator shall determine the highest Key
Employee contribution rate under Section 4.4(g) by reference to the Key
Employees and their allocations in the separate plan of that Participating
Employer;

    
      
         

      

      
        49

        
          

        

      

      
         

      

    

    (b)   Top-Heavy
minimum allocation. The Plan Administrator shall determine the amount of any
required top-heavy minimum allocation separately for that separate plan under
Section 4.4(g); and

    

    (c)   Plan
which will satisfy. The Participating Employer shall make any additional
contributions Section 4.4(g) requires.

    

    10.11  HIGHLY
COMPENSATED EMPLOYEE STATUS

    

    Status as
a Highly Compensated Employee under Section 1.41 shall be determined
separately with respect to each Participating Employer (and all its Affiliated
Employers).

    

    10.12  SERVICE

    

    An
Employee's service includes all Hours of Service and Years of Service with any
and all Participating Employers and their Affiliated Employers. An Employee who
terminates employment with one Participating Employer and immediately commences
employment with another Participating Employer has not separated from service
and has not had a severance from employment.

    

    10.13  REQUIRED
MINIMUM DISTRIBUTIONS

    

    If a
Participant is a 5-percent owner (under Section 6.8(e)(6)) of any Participating
Employer for which the Participant is an Employee in the Plan Year the
Participant attains age 70 1/2, then the Participant's required beginning
date under Section 6.8 shall be the April 1 of the calendar year following
the close of the calendar year in which the Participant attains age
70 1/2.

    
      
         

      

      
        50

        
          

        

      

      
         

      

    

    

    IN
WITNESS WHEREOF, this Plan has been executed the day and year first above
written.

    

    
      
        	
                Discovery
      Laboratories, Inc.

              
	 
      
	 
      
	
                EMPLOYER

              

      

    

    
      
         

      

      
        51

        
          

        

      

      
         

      

    

    SUNGARD
VOLUME SUBMITTER MODIFICATIONS

    

    Discovery
Laboratories, Inc.

    401(k)
Plan

    

    The
enclosed Plan is being submitted for expedited review as a Volume Submitter
Plan.

    

    Certain
modifications from the approved specimen plan have been made to this Plan. In
accordance with Rev. Proc. 2003-6 submission requirements, the location, and
nature and effect of these changes are listed below.

    

    To
facilitate your review of these changes, we have extracted the entire paragraph
in which a change occurred from the Plan document and listed it below. We have
indicated the page number or the Section of the Plan document where the modified
paragraph appears. The effect the change has on the Plan is listed below the
paragraph.

    

    THE
FOLLOWING PARAGRAPH(S) HAS BEEN MODIFIED:

    

    1.17      "Compensation" means, with
respect to any Participant and except as otherwise provided herein, the total
amount of regular wages or salary paid to a Participant, or earned income (as
defined in Code Section 401(c)(2) of the Internal Revenue Code) of a
Participant, during the Plan Year.

    

    For
purposes of this Section, the determination of Compensation shall be
made by:

    

    (a)   including
amounts, for purposes of Elective Deferrals, which are contributed by the
Employer pursuant to a salary reduction agreement and which are not includible
in the gross income of the Participant under Code Sections 125, 132(f)(4),
402(e)(3), 402(h)(1)(B), 403(b) or 457(b), and employee contributions described
in Code Section 414(h)(2) that are treated as Employer contributions. For
this purpose, effective January 1, 1998, amounts not includible in gross income
under Code Section 125 shall be deemed to include any amounts not available
to a Participant in cash in lieu of group health coverage because the
Participant is unable to certify that the Participant has other health coverage,
provided the Employer does not request or collect information regarding the
Participant's other health coverage as part of the enrollment process for the
health plan.

    

    (b)   including
payment for overtime, bonuses and commissions.

    

    (c)   excluding
pre-participation Compensation paid during the Plan Year while not a Participant
in the component of the Plan for which Compensation is being used.

    

    (d)   excluding
Post-Severance Compensation.

    

    (e)   excluding
all contributions to or benefits paid by any pension, profit sharing, health or
welfare plan, other than any elective deferrals (as defined in Code Section
402(g)(3)) and any amount which is contributed or deferred by the Employer at
the election of the Employee and which is not includable in the gross income of
the Employee by reason of Code Section 125 or 457.

    

    For Plan
Years beginning on or after January 1, 2002, Compensation in excess of $200,000
(or such other amount provided in the Code) shall be disregarded for all
purposes other than for purposes of salary deferral elections pursuant to
Section 4.2. Such amount shall be adjusted for increases in the
cost-of-living in accordance with Code Section 401(a)(17)(B), except that
the dollar increase in effect on January 1 of any calendar year shall be
effective for the Plan Year beginning with or within such calendar year. For any
"determination period" of less than twelve (12) months, the Compensation limit
shall be an amount equal to the Compensation limit for the calendar year in
which the "determination period" begins multiplied by the ratio obtained by
dividing the number of full months in the short "determination period" by twelve
(12). A "determination period" is not less than twelve (12) months solely
because a Participant's Compensation does not include Compensation paid during a
"determination period" while the Participant was not a Participant in the Plan
(or a component of the Plan).

    

    If any
Employees are excluded from the Plan (or from any component of the Plan), then
Compensation for any such Employees who become eligible or cease to be eligible
to participate in the Plan (or in the component of the Plan) during a Plan Year
shall only include Compensation while such Employees are Eligible Employees of
the Plan (or of such component of the Plan).

    

    For
purposes of this Section, if the Plan is a plan described in Code
Section 413(c) or 414(f) (a plan maintained by more than one Employer), the
limitation applies separately with respect to the Compensation of any
Participant from each Employer maintaining the Plan.

    

    If, in connection with the adoption of
any amendment, the definition of Compensation has been modified, then, except as
otherwise provided herein, for Plan Years prior to the Plan Year which includes
the adoption date of such amendment, Compensation means compensation determined
pursuant to the terms of the Plan then in effect.

    

    [Revised
definition of Compensation p3]

    
      
         

      

      
        52

        
          

        

      

      
         

      

    

    THE
FOLLOWING PARAGRAPH(S) HAS BEEN MODIFIED:

    

    (2)    Matching Contributions. With
respect to the Matching Contribution made pursuant to Section 4.1(b), to
each Participant's Matching Contribution Account in accordance with
Section 4.1(b). Such Matching Contributions will be allocated in the form
of shares of Employer stock.

    

    [Match
made in form of stock p20]

    

    THE
FOLLOWING PARAGRAPH(S) HAS BEEN MODIFIED:

    

    (a)   The
Administrator, pursuant to the election of the Participant, shall direct the
Trustee to distribute to a Participant or such Participant's Beneficiary the
amount (if any) to which the Participant (or Beneficiary) has become entitled
under the Plan in one lump-sum payment in cash or in-kind allocated to the
Participant's Account.

    

    [Distributions
in-kind P35]

    

    THE
FOLLOWING PARAGRAPH(S) HAS BEEN MODIFIED:

    

    (a)    The
death benefit payable pursuant to Section 6.2 shall be paid to the
Participant's Beneficiary in one lump-sum payment in cash or in-kind allocated
to the Participant's Account subject to the rules of
Section 6.8.

    

    [Distributions
in-kind P36]

    

    THE
FOLLOWING PARAGRAPH(S) HAS BEEN MODIFIED:

    

    (b)   Distribution of assets. Upon
the full termination of the Plan, the Employer shall direct the distribution of
the assets of the Plan to Participants in a manner which is consistent with the
provisions of Section 6.5 except that no Participant or spousal consent is
required. Distributions to a Participant shall be made in cash or in-kind
allocated to the Participant's Account or through the purchase of irrevocable
nontransferable deferred commitments from an insurer. Except as permitted by
Regulations, the termination of the Plan shall not result in the reduction of
Section 411(d)(6) protected benefits in accordance with
Section 7.1(e).

    

    [Distributions
in-kind P44]

    
      
         

      

      
        53Exhibit
4.1

     

    CAMDEN
NATIONAL CORPORATION

     

    TO

     

    
      
        

      

    

     

    Trustee

     

    Indenture

     

    Dated as
of __________, 20__

     

    Senior
Debt Securities

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TABLE OF
CONTENTS

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  	 
      	 
      	 	
                                                                                                          Page

                                                                                                        
	 	 	 
	
                                                                                                          ARTICLE ONE -
      DEFINITIONS AND OTHER PROVISIONS OF GENERAL
    APPLICATION

                                                                                                        	 	
                                                                                                          1

                                                                                                        
	
                                                                                                          SECTION 101.

                                                                                                        	
                                                                                                          Definitions

                                                                                                        	 	
                                                                                                          1

                                                                                                        
	
                                                                                                          SECTION 102.

                                                                                                        	
                                                                                                          Compliance Certificates and
      Opinions

                                                                                                        	 	
                                                                                                          10

                                                                                                        
	
                                                                                                          SECTION 103.

                                                                                                        	
                                                                                                          Form of Documents Delivered to
      Trustee

                                                                                                        	 	
                                                                                                          11

                                                                                                        
	
                                                                                                          SECTION 104.

                                                                                                        	
                                                                                                          Acts of Holders

                                                                                                        	 	
                                                                                                          11

                                                                                                        
	
                                                                                                          SECTION 105.

                                                                                                        	
                                                                                                          Notices, etc., to Trustee and
      Company

                                                                                                        	 	
                                                                                                          13

                                                                                                        
	
                                                                                                          SECTION 106.

                                                                                                        	
                                                                                                          Notice to Holders; Waiver

                                                                                                        	 	
                                                                                                          13

                                                                                                        
	
                                                                                                          SECTION 107.

                                                                                                        	
                                                                                                          Counterparts; Effect of Headings and Table of
      Contents

                                                                                                        	 	
                                                                                                          14

                                                                                                        
	
                                                                                                          SECTION 108.

                                                                                                        	
                                                                                                          Successors and Assigns

                                                                                                        	 	
                                                                                                          15

                                                                                                        
	
                                                                                                          SECTION 109.

                                                                                                        	
                                                                                                          Severability Clause

                                                                                                        	 	
                                                                                                          15

                                                                                                        
	
                                                                                                          SECTION 110.

                                                                                                        	
                                                                                                          Benefits of Indenture

                                                                                                        	 	
                                                                                                          15

                                                                                                        
	
                                                                                                          SECTION 111.

                                                                                                        	
                                                                                                          Governing Law

                                                                                                        	 	
                                                                                                          15

                                                                                                        
	
                                                                                                          SECTION 112.

                                                                                                        	
                                                                                                          Legal Holidays

                                                                                                        	 	
                                                                                                          15

                                                                                                        
	
                                                                                                          SECTION 113.

                                                                                                        	
                                                                                                          Limited Liability; Immunity of Stockholders,
      Directors, Officers and Agents of the Company

                                                                                                        	 	
                                                                                                          15

                                                                                                        
	
                                                                                                          SECTION 114.

                                                                                                        	
                                                                                                          Conflict with Trust Indenture
      Act

                                                                                                        	 	
                                                                                                          16

                                                                                                        
	 	 	 	 
	
                                                                                                          ARTICLE TWO -
      SECURITIES FORMS

                                                                                                        	 	
                                                                                                          16

                                                                                                        
	
                                                                                                          SECTION 201.

                                                                                                        	
                                                                                                          Forms of Securities

                                                                                                        	 	
                                                                                                          16

                                                                                                        
	
                                                                                                          SECTION 202.

                                                                                                        	
                                                                                                          Form of Trustee’s Certificate of
      Authentication

                                                                                                        	 	
                                                                                                          17

                                                                                                        
	
                                                                                                          SECTION 203.

                                                                                                        	
                                                                                                          Securities Issuable in Global
      Form

                                                                                                        	 	
                                                                                                          17

                                                                                                        
	 	 	 	 
	
                                                                                                          ARTICLE THREE - THE SECURITIES

                                                                                                        	 	
                                                                                                          18

                                                                                                        
	
                                                                                                          SECTION 301.

                                                                                                        	
                                                                                                          Amount Unlimited; Issuable in
      Series

                                                                                                        	 	
                                                                                                          18

                                                                                                        
	
                                                                                                          SECTION 302.

                                                                                                        	
                                                                                                          Denominations

                                                                                                        	 	
                                                                                                          21

                                                                                                        
	
                                                                                                          SECTION 303.

                                                                                                        	
                                                                                                          Execution, Authentication, Delivery and
      Dating

                                                                                                        	 	
                                                                                                          21

                                                                                                        
	
                                                                                                          SECTION 304.

                                                                                                        	
                                                                                                          Temporary Securities

                                                                                                        	 	
                                                                                                          24

                                                                                                        
	
                                                                                                          SECTION 305.

                                                                                                        	
                                                                                                          Registration, Registration of Transfer, Conversion
      and Exchange

                                                                                                        	 	
                                                                                                          26

                                                                                                        
	
                                                                                                          SECTION 306.

                                                                                                        	
                                                                                                          Mutilated, Destroyed, Lost and Stolen
      Securities

                                                                                                        	 	
                                                                                                          30

                                                                                                        
	
                                                                                                          SECTION 307.

                                                                                                        	
                                                                                                          Payment of Interest; Interest Rights
      Preserved

                                                                                                        	 	
                                                                                                          31

                                                                                                        
	
                                                                                                          SECTION 308.

                                                                                                        	
                                                                                                          Persons Deemed Owners

                                                                                                        	 	
                                                                                                          33

                                                                                                        
	
                                                                                                          SECTION 309.

                                                                                                        	
                                                                                                          Cancellation

                                                                                                        	 	
                                                                                                          34

                                                                                                        
	
                                                                                                          SECTION 310.

                                                                                                        	
                                                                                                          Computation of Interest

                                                                                                        	 	
                                                                                                          34

                                                                                                        
	
                                                                                                          SECTION 311.

                                                                                                        	
                                                                                                          CUSIP Numbers

                                                                                                        	 	
                                                                                                          34

                                                                                                        
	 	 	 	 
	
                                                                                                          ARTICLE FOUR - SATISFACTION AND DISCHARGE

                                                                                                        	 	
                                                                                                          34

                                                                                                        
	
                                                                                                          SECTION 401.

                                                                                                        	
                                                                                                          Satisfaction and Discharge of
      Indenture

                                                                                                        	 	
                                                                                                          34

                                                                                                        
	
                                                                                                          SECTION 402.

                                                                                                        	
                                                                                                          Application of Trust Funds

                                                                                                        	 	
                                                                                                          35

                                                                                                        

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        (i)

        
          

        

      

      
        
        

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                	
                                                                                                        ARTICLE FIVE - REMEDIES

                                                                                                      	 	
                                                                                                        36

                                                                                                      
	
                                                                                                        SECTION 501.

                                                                                                      	
                                                                                                        Events of Default

                                                                                                      	 	
                                                                                                        36

                                                                                                      
	
                                                                                                        SECTION 502.

                                                                                                      	
                                                                                                        Acceleration of Maturity; Rescission and
      Annulment

                                                                                                      	 	
                                                                                                        37

                                                                                                      
	
                                                                                                        SECTION 503.

                                                                                                      	
                                                                                                        Collection of Indebtedness and Suits for
      Enforcement by Trustee

                                                                                                      	 	
                                                                                                        38

                                                                                                      
	
                                                                                                        SECTION 504.

                                                                                                      	
                                                                                                        Trustee May File Proofs of
      Claim

                                                                                                      	 	
                                                                                                        39

                                                                                                      
	
                                                                                                        SECTION 505.

                                                                                                      	
                                                                                                        Trustee May Enforce Claims Without Possession of
      Securities or Coupons

                                                                                                      	 	
                                                                                                        40

                                                                                                      
	
                                                                                                        SECTION 506.

                                                                                                      	
                                                                                                        Application of Money
    Collected

                                                                                                      	 	
                                                                                                        40

                                                                                                      
	
                                                                                                        SECTION 507.

                                                                                                      	
                                                                                                        Limitation on Suits

                                                                                                      	 	
                                                                                                        40

                                                                                                      
	
                                                                                                        SECTION 508.

                                                                                                      	
                                                                                                        Unconditional Right of Holders to Receive
      Principal, Premium or Make-Whole Amount, if any, and
      Interest

                                                                                                      	 	
                                                                                                        41

                                                                                                      
	
                                                                                                        SECTION 509.

                                                                                                      	
                                                                                                        Restoration of Rights and
      Remedies

                                                                                                      	 	
                                                                                                        41

                                                                                                      
	
                                                                                                        SECTION 510.

                                                                                                      	
                                                                                                        Rights and Remedies
    Cumulative

                                                                                                      	 	
                                                                                                        41

                                                                                                      
	
                                                                                                        SECTION 511.

                                                                                                      	
                                                                                                        Delay or Omission Not
Waiver

                                                                                                      	 	
                                                                                                        42

                                                                                                      
	
                                                                                                        SECTION 512.

                                                                                                      	
                                                                                                        Control by Holders of
      Securities

                                                                                                      	 	
                                                                                                        42

                                                                                                      
	
                                                                                                        SECTION 513.

                                                                                                      	
                                                                                                        Waiver of Past Defaults

                                                                                                      	 	
                                                                                                        42

                                                                                                      
	
                                                                                                        SECTION 514.

                                                                                                      	
                                                                                                        Waiver of Usury, Stay or Extension
      Laws

                                                                                                      	 	
                                                                                                        43

                                                                                                      
	
                                                                                                        SECTION 515.

                                                                                                      	
                                                                                                        Undertaking for Costs

                                                                                                      	 	
                                                                                                        43

                                                                                                      
	 	 	 	 
	
                                                                                                        ARTICLE SIX -
      THE TRUSTEE

                                                                                                      	 	
                                                                                                        43

                                                                                                      
	
                                                                                                        SECTION 601.

                                                                                                      	
                                                                                                        Notice of Defaults

                                                                                                      	 	
                                                                                                        43

                                                                                                      
	
                                                                                                        SECTION 602.

                                                                                                      	
                                                                                                        Certain Rights of Trustee

                                                                                                      	 	
                                                                                                        43

                                                                                                      
	
                                                                                                        SECTION 603.

                                                                                                      	
                                                                                                        Not Responsible for Recitals or Issuance of
      Securities

                                                                                                      	 	
                                                                                                        45

                                                                                                      
	
                                                                                                        SECTION 604.

                                                                                                      	
                                                                                                        May Hold Securities

                                                                                                      	 	
                                                                                                        46

                                                                                                      
	
                                                                                                        SECTION 605.

                                                                                                      	
                                                                                                        Money Held in Trust

                                                                                                      	 	
                                                                                                        46

                                                                                                      
	
                                                                                                        SECTION 606.

                                                                                                      	
                                                                                                        Compensation and
    Reimbursement

                                                                                                      	 	
                                                                                                        46

                                                                                                      
	
                                                                                                        SECTION 607.

                                                                                                      	
                                                                                                        Corporate Trustee Required; Eligibility;
      Conflicting Interests

                                                                                                      	 	
                                                                                                        47

                                                                                                      
	
                                                                                                        SECTION 608.

                                                                                                      	
                                                                                                        Resignation and Removal; Appointment of
      Successor

                                                                                                      	 	
                                                                                                        47

                                                                                                      
	
                                                                                                        SECTION 609.

                                                                                                      	
                                                                                                        Acceptance of Appointment by
      Successor

                                                                                                      	 	
                                                                                                        48

                                                                                                      
	
                                                                                                        SECTION 610.

                                                                                                      	
                                                                                                        Merger, Conversion, Consolidation or Succession to
      Business

                                                                                                      	 	
                                                                                                        49

                                                                                                      
	
                                                                                                        SECTION 611.

                                                                                                      	
                                                                                                        Appointment of Authenticating
      Agent

                                                                                                      	 	
                                                                                                        50

                                                                                                      
	
                                                                                                        SECTION 612.

                                                                                                      	
                                                                                                        Certain Duties and Responsibilities of the
      Trustee

                                                                                                      	 	
                                                                                                        51

                                                                                                      
	 	 	 
	
                                                                                                        ARTICLE SEVEN - HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND
      COMPANY

                                                                                                      	 	
                                                                                                        52

                                                                                                      
	
                                                                                                        SECTION 701.

                                                                                                      	
                                                                                                        Disclosure of Names and Addresses of
      Holders

                                                                                                      	 	
                                                                                                        52

                                                                                                      
	
                                                                                                        SECTION 702.

                                                                                                      	
                                                                                                        Reports by Trustee

                                                                                                      	 	
                                                                                                        53

                                                                                                      
	
                                                                                                        SECTION 703.

                                                                                                      	
                                                                                                        Reports by Company

                                                                                                      	 	
                                                                                                        53

                                                                                                      
	
                                                                                                        SECTION 704.

                                                                                                      	
                                                                                                        Company to Furnish Trustee Names and Addresses of
      Holders

                                                                                                      	 	
                                                                                                        53

                                                                                                      

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        
        

      

      
        (ii)

        
          

        

      

      
        
        

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        
                                                                                                          
                                                                                                            	
                                                                                                                    ARTICLE EIGHT - CONSOLIDATION, MERGER, SALE, LEASE OR
      CONVEYANCE

                                                                                                                  	 	
                                                                                                                    54

                                                                                                                  
	
                                                                                                                    SECTION 801.

                                                                                                                  	
                                                                                                                    Consolidations and Mergers of  Company
      and Sales, Leases and Conveyances Permitted Subject to Certain
      Conditions

                                                                                                                  	 	
                                                                                                                    54

                                                                                                                  
	
                                                                                                                    SECTION 802.

                                                                                                                  	
                                                                                                                    Rights and Duties of Successor
      Corporation

                                                                                                                  	 	
                                                                                                                    54

                                                                                                                  
	
                                                                                                                    SECTION 803.

                                                                                                                  	
                                                                                                                    Officers’ Certificate and Opinion of
      Counsel

                                                                                                                  	 	
                                                                                                                    55

                                                                                                                  
	 	 	 	 
	
                                                                                                                    ARTICLE NINE - SUPPLEMENTAL INDENTURES

                                                                                                                  	 	
                                                                                                                    55

                                                                                                                  
	
                                                                                                                    SECTION 901.

                                                                                                                  	
                                                                                                                    Supplemental Indentures Without Consent of
      Holders

                                                                                                                  	 	
                                                                                                                    55

                                                                                                                  
	
                                                                                                                    SECTION 902.

                                                                                                                  	
                                                                                                                    Supplemental Indentures with Consent of
      Holders

                                                                                                                  	 	
                                                                                                                    56

                                                                                                                  
	
                                                                                                                    SECTION 903.

                                                                                                                  	
                                                                                                                    Execution of Supplemental
      Indentures

                                                                                                                  	 	
                                                                                                                    57

                                                                                                                  
	
                                                                                                                    SECTION 904.

                                                                                                                  	
                                                                                                                    Effect of Supplemental
      Indentures

                                                                                                                  	 	
                                                                                                                    58

                                                                                                                  
	
                                                                                                                    SECTION 905.

                                                                                                                  	
                                                                                                                    Conformity with Trust Indenture
      Act

                                                                                                                  	 	
                                                                                                                    58

                                                                                                                  
	
                                                                                                                    SECTION 906.

                                                                                                                  	
                                                                                                                    Reference in Securities to Supplemental
      Indentures

                                                                                                                  	 	
                                                                                                                    58

                                                                                                                  
	 	 	 	 
	
                                                                                                                    ARTICLE TEN -
      COVENANTS

                                                                                                                  	 	
                                                                                                                    58

                                                                                                                  
	
                                                                                                                    SECTION 1001.

                                                                                                                  	
                                                                                                                    Payment of Principal, Premium or Make-Whole
      Amount, if any; and Interest

                                                                                                                  	 	
                                                                                                                    58

                                                                                                                  
	
                                                                                                                    SECTION 1002.

                                                                                                                  	
                                                                                                                    Maintenance of Office or
    Agency

                                                                                                                  	 	
                                                                                                                    59

                                                                                                                  
	
                                                                                                                    SECTION 1003.

                                                                                                                  	
                                                                                                                    Money for Securities Payments to Be Held in
      Trust

                                                                                                                  	 	
                                                                                                                    60

                                                                                                                  
	
                                                                                                                    SECTION 1004.

                                                                                                                  	
                                                                                                                    Existence

                                                                                                                  	 	
                                                                                                                    61

                                                                                                                  
	
                                                                                                                    SECTION 1005.

                                                                                                                  	
                                                                                                                    Maintenance of Properties

                                                                                                                  	 	
                                                                                                                    61

                                                                                                                  
	
                                                                                                                    SECTION 1006.

                                                                                                                  	
                                                                                                                    Insurance

                                                                                                                  	 	
                                                                                                                    62

                                                                                                                  
	
                                                                                                                    SECTION 1007.

                                                                                                                  	
                                                                                                                    Payment of Taxes and Other
      Claims

                                                                                                                  	 	
                                                                                                                    62

                                                                                                                  
	
                                                                                                                    SECTION 1008.

                                                                                                                  	
                                                                                                                    Statement as to Compliance

                                                                                                                  	 	
                                                                                                                    62

                                                                                                                  
	
                                                                                                                    SECTION 1009.

                                                                                                                  	
                                                                                                                    Waiver of Certain Covenants

                                                                                                                  	 	
                                                                                                                    62

                                                                                                                  
	 	 	 	 
	
                                                                                                                    ARTICLE ELEVEN - REDEMPTION OF SECURITIES

                                                                                                                  	 	
                                                                                                                    62

                                                                                                                  
	
                                                                                                                    SECTION 1101.

                                                                                                                  	
                                                                                                                    Applicability of Article

                                                                                                                  	 	
                                                                                                                    62

                                                                                                                  
	
                                                                                                                    SECTION 1102.

                                                                                                                  	
                                                                                                                    Election to Redeem; Notice to
      Trustee

                                                                                                                  	 	
                                                                                                                    62

                                                                                                                  
	
                                                                                                                    SECTION 1103.

                                                                                                                  	
                                                                                                                    Selection by Trustee of Securities to Be
      Redeemed

                                                                                                                  	 	
                                                                                                                    63

                                                                                                                  
	
                                                                                                                    SECTION 1104.

                                                                                                                  	
                                                                                                                    Notice of Redemption

                                                                                                                  	 	
                                                                                                                    63

                                                                                                                  
	
                                                                                                                    SECTION 1105.

                                                                                                                  	
                                                                                                                    Deposit of Redemption Price

                                                                                                                  	 	
                                                                                                                    64

                                                                                                                  
	
                                                                                                                    SECTION 1106.

                                                                                                                  	
                                                                                                                    Securities Payable on Redemption
      Date

                                                                                                                  	 	
                                                                                                                    65

                                                                                                                  
	
                                                                                                                    SECTION 1107.

                                                                                                                  	
                                                                                                                    Securities Redeemed in Part

                                                                                                                  	 	
                                                                                                                    66

                                                                                                                  
	 	 	 	 
	
                                                                                                                    ARTICLE TWELVE - SINKING FUNDS

                                                                                                                  	 	
                                                                                                                    66

                                                                                                                  
	
                                                                                                                    SECTION 1201.

                                                                                                                  	
                                                                                                                    Applicability of Article

                                                                                                                  	 	
                                                                                                                    66

                                                                                                                  
	
                                                                                                                    SECTION 1202.

                                                                                                                  	
                                                                                                                    Satisfaction of Sinking Fund Payments with
      Securities

                                                                                                                  	 	
                                                                                                                    66

                                                                                                                  
	
                                                                                                                    SECTION 1203.

                                                                                                                  	
                                                                                                                    Redemption of Securities for Sinking
      Fund

                                                                                                                  	 	
                                                                                                                    67

                                                                                                                  
	 	 	 	 
	
                                                                                                                    ARTICLE THIRTEEN - REPAYMENT AT THE OPTION OF
      HOLDERS

                                                                                                                  	 	
                                                                                                                    67

                                                                                                                  
	
                                                                                                                    SECTION 1301.

                                                                                                                  	
                                                                                                                    Applicability of Article

                                                                                                                  	 	
                                                                                                                    67

                                                                                                                  
	
                                                                                                                    SECTION 1302.

                                                                                                                  	
                                                                                                                    Repayment of Securities

                                                                                                                  	 	
                                                                                                                    67

                                                                                                                  
	
                                                                                                                    SECTION 1303.

                                                                                                                  	
                                                                                                                    Exercise of Option

                                                                                                                  	 	
                                                                                                                    68

                                                                                                                  

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        
        

      

      
        (iii)

        
          

        

      

      
        
        

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            	
                                                                                                    SECTION 1304.

                                                                                                  	
                                                                                                    When Securities Presented for Repayment Become Due
      and Payable

                                                                                                  	 	
                                                                                                    68

                                                                                                  
	
                                                                                                    SECTION 1305.

                                                                                                  	
                                                                                                    Securities Repaid in Part

                                                                                                  	 	
                                                                                                    69

                                                                                                  
	 	 	 	 
	
                                                                                                    ARTICLE FOURTEEN - DEFEASANCE AND COVENANT
      DEFEASANCE

                                                                                                  	 	
                                                                                                    69

                                                                                                  
	
                                                                                                    SECTION 1401.

                                                                                                  	
                                                                                                    Applicability of Article; Company’s Option to
      Effect Defeasance or Covenant Defeasance

                                                                                                  	 	
                                                                                                    69

                                                                                                  
	
                                                                                                    SECTION 1402.

                                                                                                  	
                                                                                                    Defeasance and Discharge

                                                                                                  	 	
                                                                                                    69

                                                                                                  
	
                                                                                                    SECTION 1403.

                                                                                                  	
                                                                                                    Covenant Defeasance

                                                                                                  	 	
                                                                                                    70

                                                                                                  
	
                                                                                                    SECTION 1404.

                                                                                                  	
                                                                                                    Conditions to Defeasance or Covenant
      Defeasance

                                                                                                  	 	
                                                                                                    70

                                                                                                  
	
                                                                                                    SECTION 1405.

                                                                                                  	
                                                                                                    Deposited Money and Government Obligations to Be
      Held in Trust; Other Miscellaneous Provisions

                                                                                                  	 	
                                                                                                    72

                                                                                                  
	 	 	 	 
	
                                                                                                    ARTICLE FIFTEEN - MEETINGS OF HOLDERS OF
      SECURITIES

                                                                                                  	 	
                                                                                                    73

                                                                                                  
	
                                                                                                    SECTION 1501.

                                                                                                  	
                                                                                                    Purposes for Which Meetings May Be
      Called

                                                                                                  	 	
                                                                                                    73

                                                                                                  
	
                                                                                                    SECTION 1502.

                                                                                                  	
                                                                                                    Call, Notice and Place of
      Meetings

                                                                                                  	 	
                                                                                                    73

                                                                                                  
	
                                                                                                    SECTION 1503.

                                                                                                  	
                                                                                                    Persons Entitled to Vote at
      Meetings

                                                                                                  	 	
                                                                                                    73

                                                                                                  
	
                                                                                                    SECTION 1504.

                                                                                                  	
                                                                                                    Quorum; Action

                                                                                                  	 	
                                                                                                    74

                                                                                                  
	
                                                                                                    SECTION 1505.

                                                                                                  	
                                                                                                    Determination of Voting Rights; Conduct and
      Adjournment of Meetings

                                                                                                  	 	
                                                                                                    75

                                                                                                  
	
                                                                                                    SECTION 1506.

                                                                                                  	
                                                                                                    Counting Votes and Recording Action of
      Meetings

                                                                                                  	 	
                                                                                                    76

                                                                                                  
	 	 	 	 
	
                                                                                                    ARTICLE SIXTEEN - CONVERSION OF SECURITIES

                                                                                                  	 	
                                                                                                    76

                                                                                                  
	
                                                                                                    SECTION 1601.

                                                                                                  	
                                                                                                    Applicability of Article; Conversion Privilege and
      Conversion Price

                                                                                                  	 	
                                                                                                    76

                                                                                                  
	
                                                                                                    SECTION 1602.

                                                                                                  	
                                                                                                    Exercise of Conversion
      Privilege

                                                                                                  	 	
                                                                                                    77

                                                                                                  
	
                                                                                                    SECTION 1603.

                                                                                                  	
                                                                                                    Fractions of Shares

                                                                                                  	 	
                                                                                                    78

                                                                                                  
	
                                                                                                    SECTION 1604.

                                                                                                  	
                                                                                                    Adjustment of Conversion
    Price

                                                                                                  	 	
                                                                                                    78

                                                                                                  
	
                                                                                                    SECTION 1605.

                                                                                                  	
                                                                                                    Notice of Adjustments of Conversion
      Price

                                                                                                  	 	
                                                                                                    82

                                                                                                  
	
                                                                                                    SECTION 1606.

                                                                                                  	
                                                                                                    Notice of Certain Corporate
      Action

                                                                                                  	 	
                                                                                                    82

                                                                                                  
	
                                                                                                    SECTION 1607.

                                                                                                  	
                                                                                                    Company to Reserve Common
    Stock

                                                                                                  	 	
                                                                                                    82

                                                                                                  
	
                                                                                                    SECTION 1608.

                                                                                                  	
                                                                                                    Taxes on Conversion

                                                                                                  	 	
                                                                                                    82

                                                                                                  
	
                                                                                                    SECTION 1609.

                                                                                                  	
                                                                                                    Covenants as to Common
Stock

                                                                                                  	 	
                                                                                                    83

                                                                                                  
	
                                                                                                    SECTION 1610.

                                                                                                  	
                                                                                                    Cancellation of Converted
      Securities

                                                                                                  	 	
                                                                                                    83

                                                                                                  
	
                                                                                                    SECTION 1611.

                                                                                                  	
                                                                                                    Provisions in Case of Consolidation, Merger or
      Sale of Assets; Special Distributions

                                                                                                  	 	
                                                                                                    83

                                                                                                  
	
                                                                                                    SECTION 1612.

                                                                                                  	
                                                                                                    Trustee Adjustment Disclaimer; Company
      Determination Final

                                                                                                  	 	
                                                                                                    85

                                                                                                  
	
                                                                                                    SECTION 1613.

                                                                                                  	
                                                                                                    When No Adjustment Required

                                                                                                  	 	
                                                                                                    85

                                                                                                  
	
                                                                                                    SECTION 1614.

                                                                                                  	
                                                                                                    Equivalent Adjustments

                                                                                                  	 	
                                                                                                    85

                                                                                                  

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        
        

      

      
        (iv)

        
          

        

      

      
        
        

      

    

    

    CAMDEN
NATIONAL CORPORATION

     

    Reconciliation
and tie between the Trust Indenture Act of 1939, as amended (the “Trust
Indenture Act” or “TIA”) and the Indenture, dated as of __________,
20__.

     

    
      
        
          
            
              
                	
                        Trust
      Indenture

                      	 	 
      
	
                           Act
    Section

                      	 	
                        Indenture

                      
	Section 	 	 
	
                        §
      310(a)(1)

                      	 	
                        607

                      
	
                        (a)(2)

                      	 	
                        607

                      
	
                        (b)

                      	 	
                        607,
      608

                      
	
                        §
      312(c)

                      	 	
                        701

                      
	
                        §
      313(a)

                      	 	
                        702

                      
	
                        (c)

                      	 	
                        702

                      
	
                        §
      314(a)

                      	 	
                        703

                      
	
                        (a)(4)

                      	 	
                        1008

                      
	
                        (c)(1)

                      	 	
                        102

                      
	
                        (c)(2)

                      	 	
                        102

                      
	
                        (e)

                      	 	
                        102

                      
	
                        §
      315(b)

                      	 	
                        601

                      
	
                        §
      316(a) (last sentence)

                      	 	 
      
	
                                    101(“Outstanding”)

                      	 	 
      
	
                        (a)(1)(A)

                      	 	
                        502,
      512

                      
	
                        (a)(1)(B)

                      	 	
                        513

                      
	
                        (b)

                      	 	
                        508

                      
	
                        §
      317(a)(1)

                      	 	
                        503

                      
	
                        (a)(2)

                      	 	
                        504

                      
	
                        §
      318(a)

                      	 	
                        111

                      
	
                        (c)

                      	 	
                        111

                      

              

            

          

        

      

    

    
       

      
        

      

    

     

    NOTE:
This reconciliation and tie shall not, for any purpose, be deemed to be a part
of the Indenture.

     

    Attention
should also be directed to Section 318(c) of the Trust Indenture Act, which
provides that the provisions of Sections 310 to and including 317 of the Trust
Indenture Act are a part of and govern every qualified indenture, whether or not
physically contained therein.

     

    
      
        
        

      

      
        (v)

        
          

        

      

      
        
        

      

    

     

    INDENTURE,
dated as of __________, 20__, between CAMDEN NATIONAL CORPORATION, a corporation
organized under the laws of the State of Maine (hereinafter called the
“Company”), having its principal office at 2 Elm Street, Camden, Maine 04843,
and _________________, as Trustee hereunder (hereinafter called the “Trustee”),
having a Corporate Trust Office at __________________________.

     

    RECITALS
OF THE COMPANY

     

    The
Company deems it necessary to issue from time to time for its lawful purposes
senior debt securities (hereinafter called the “Securities”) evidencing its
unsecured and senior indebtedness, and has duly authorized the execution and
delivery of this Indenture to provide for the issuance from time to time of the
Securities, to be issued in one or more Series as provided in this
Indenture.

     

    This
Indenture is subject to the provisions of the Trust Indenture Act of 1939, as
amended (the “Trust Indenture Act” or “TIA”), that are deemed to be incorporated
into this Indenture and shall, to the extent applicable, be governed by such
provisions.

     

    All
things necessary to make this Indenture a valid and legally binding agreement of
the Company, in accordance with its terms, have been done.

     

    NOW,
THEREFORE, THIS INDENTURE WITNESSETH:

     

    For and
in consideration of the premises and the purchase of the Securities by the
Holders thereof, it is mutually covenanted and agreed, for the equal and
proportionate benefit of all Holders of the Securities or of a Series thereof,
as follows:

     

    ARTICLE
ONE - DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

     

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

     

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

     

    (2)           all
other terms used herein which are defined in the TIA, either directly or by
reference therein, have the meanings assigned to them therein, and the terms
“cash transactions” and “self-liquidating paper,” as used in TIA Section 311,
shall have the meanings assigned to them in the rules of the Commission adopted
under the TIA;

     

    (3)           all
accounting terms not otherwise defined herein have the meanings assigned to them
in accordance with GAAP;

     

    (4)           any
reference to an “Article” or a “Section” refers to an Article or Section, as the
case may be, of this Indenture; and

     

    (5)           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.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Act,” when used with
respect to any Holder, has the meaning specified in Section 104.

     

    “Affiliate” of any
specified Person means any other Person directly or indirectly controlling or
controlled by or under direct or indirect common control with such specified
Person.  For 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”
means any Person authorized by the Trustee pursuant to Section 611 hereof to act
on behalf of the Trustee to authenticate Securities of one or more
Series.

     

    “Authorized Newspaper”
means a newspaper, printed in the English language or in an official language of
the country of publication, customarily published on each Business Day, whether
or not published on Saturdays, Sundays or holidays, and of general circulation
in each place in connection with which the term is used or in the financial
community of each such place.  Whenever successive publications are
required to be made in Authorized Newspapers, the successive publications may be
made in the same or in different Authorized Newspapers in the same city meeting
the foregoing requirements and in each case on any Business Day.

     

    “Bankruptcy Law” has
the meaning specified in Section 501.

     

    “Bearer Security”
means any Security established pursuant to Section 201 which is payable to the
bearer.

     

    “Board of Directors”
when used with reference to the Company, means the board of directors of the
Company, or any committee of that board duly authorized to act hereunder, or any
director or directors and/or officer or officers of the Company, to whom the
board or committee shall have duly delegated its authority.

     

    “Board Resolution”
means a copy of (1) a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors or
a duly authorized committee of the Board of Directors and to be in full force
and effect on the date of such certification, or (2) a certificate signed by the
director or directors and/or officer or officers to whom the Board of Directors
shall have duly delegated its authority, together with a resolution certified by
the Secretary or an Assistant Secretary of the Company to have been duly adopted
by the Board of Directors and to be in full force and effect on the date of such
certification authorizing such delegation, and, in each case, delivered to the
Trustee.

     

    “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, means, unless otherwise
specified with respect to any Securities issued pursuant to Section 301, any
day, other than a Saturday or Sunday, that is neither a legal holiday nor a day
on which banking institutions in that Place of Payment or particular location
are authorized or required by law, regulation or executive order to
close.

     

    “Capital Stock” means,
with respect to any Person, any capital stock (including preferred stock),
shares, interests, participations or other ownership interests (however
designated) of such Person and any rights (other than debt securities
convertible into or exchangeable for corporate stock), warrants or options to
purchase any thereof.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    “Clearstream” means
Clearstream Banking Luxembourg, société anonyme, or its successor.

     

    “Closing Price” means
the closing price of a share of Common Stock of the Company as reported on the
NASDAQ Global Select Market.

     

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

     

    “Commission” means the
Securities and Exchange Commission, as from time to time constituted, created
under the Exchange Act, or, if at any time after execution of this instrument
such Commission is not existing and performing the duties now assigned to it
under the Trust Indenture Act, then the body performing such duties on such
date.

     

    “Common Depository”
has the meaning specified in Section 304.

     

    “Common Stock” means,
with respect to any Person, all shares of capital stock issued by such Person
other than Preferred Stock.

     

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

     

    “Company Request” and
“Company Order”
mean, respectively, a written request or order signed in the name of the Company
by its Chairman of the Board, the Chief Executive Officer, the President, or a
Vice President, and by its Treasurer, an Assistant Treasurer, the Secretary or
an Assistant Secretary, of the Company, and delivered to the
Trustee.

     

    “Constituent Person”
has the meaning specified in Section 1611.

     

    “Conversion Event”
means the cessation of use of (i) a Foreign Currency both by the government of
the country which issued such currency and for the settlement of transactions by
a central bank or other public institutions of or within the international
banking community, (ii) the ECU both within the European Monetary System and for
the settlement of transactions by public institutions of or within the European
Communities or (iii) any currency unit (or composite currency) other than the
ECU for the purposes for which it was established.

     

    “Conversion Price” has
the meaning specified in Section 1601.

     

    “Corporate Trust
Office” means the office of the Trustee at which, at any particular time,
its corporate trust business shall be principally administered, which office at
the date hereof is located at [____________________].

     

    “corporation” includes
corporations, associations, companies and business trusts.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    “coupon” means any
interest coupon appertaining to a Bearer Security.

     

    “Covenant Defeasance”
has the meaning specified in Section 1403.

     

    “Custodian” has the
meaning specified in Section 501.

     

    “Defaulted Interest”
has the meaning specified in Section 307.

     

    “Defeasance” has the
meaning specified in Section 1402.

     

    “Distribution Record
Date” has the meaning specified in Section 1611.

     

    “Dividend Record Date”
has the meaning specified in Section 1604.

     

    “Dollar” or the sign
“$” means a
dollar or other equivalent unit in such coin or currency of the United States of
America as at the time of payment is legal tender for the payment of public and
private debts.

     

    “DTC” means The
Depository Trust Company and any successor to DTC in its capacity as depository
for any Securities.

     

    “ECU” means the
European Currency Unit as defined and revised from time to time by the Council
of the European Communities.

     

    “Euroclear” means
Morgan Guaranty Trust Company of New York, Brussels office, or its successor, as
operator of the Euroclear System.

     

    “European Communities”
means the European Economic Community, the European Coal and Steel Community and
the European Atomic Energy Community.

     

    “European Monetary
System” means the European Monetary System established by the Resolution
of December 5, 1978 of the Council of the European Communities.

     

    “Event of Default” has
the meaning specified in Article Five.

     

    “Exchange Act” means
the Securities Exchange Act of 1934, as amended, as in force at the date as of
which this Indenture was executed; provided, however, that in the
event the Exchange Act is amended after such date, “Exchange Act” means to the
extent required by any such amendment, the Exchange Act as so
amended.

     

    “Exchange Date” has
the meaning specified in Section 304.

     

    “FINRA” means the
Financial Industry Regulatory Authority, Inc.

     

     “Foreign Currency”
means any currency, currency unit or composite currency, including, without
limitation, the ECU issued by the government of one or more countries other than
the United States of America or by any recognized confederation or association
of such governments.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    “GAAP” means, except
as otherwise provided herein, generally accepted accounting principles, as in
effect from time to time, as used in the United States applied on a consistent
basis.

     

    “Global Security”
means a Security evidencing all or a part of a series of Securities issued to
and registered in the name of the depository for such series, or its nominee, in
accordance with Section 305, and bearing the legend prescribed in Section
203.

     

    “Government
Obligations” means (i) securities which are (A) direct obligations of the
United States of America or the government which issued the Foreign Currency in
which the Securities of a particular series are payable, for the payment of
which its full faith and credit is pledged or (B) obligations of a Person
controlled or supervised by and acting as an agency or instrumentality of the
United States of America or such government which issued the Foreign Currency in
which the Securities of such series are payable, the payment of which is
unconditionally guaranteed as a full faith and credit obligation by the United
States of America or such other government, which, in either case, are not
callable or redeemable at the option of the issuer thereof, and (iii) a
depository receipt issued by a bank or trust company as custodian with respect
to any such Government Obligation or a specific payment of interest on or
principal of any such Government Obligation held by such custodian for the
account of the holder of a depository 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 depository receipt from any amount
received by the custodian in respect of the Government Obligation or the
specific payment of interest on or principal of the Government Obligation
evidenced by such depository receipt.

     

    “Holder” means, in the
case of a Registered Security, the Person in whose name a Security is registered
in the Security Register and, in the case of a Bearer Security, the bearer
thereof and, when used with respect to any coupon, shall mean the bearer
thereof.

     

    “Indenture” means this
instrument as originally executed or as it may be supplemented or amended from
time to time by one or more indentures supplemental hereto entered into pursuant
to the applicable provisions hereof, and shall include the terms of particular
series of Securities established as contemplated by Section 301; provided, however, that, if at
any time more than one Person is acting as Trustee under this instrument,
“Indenture” shall mean, with respect to any one or more series of Securities for
which such Person is Trustee, this instrument as originally executed or as it
may be supplemented or amended from time to time by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof
and shall include the terms of the or those particular series of Securities for
which such Person is Trustee established as contemplated by Section 301,
exclusive, however, of any provisions or terms which relate solely to other
series of Securities for which such Person is Trustee, regardless of when such
terms or provisions were adopted, and exclusive of any provisions or terms
adopted by means of one or more indentures supplemental hereto executed and
delivered after such Person had become such Trustee but to which such Person, as
such Trustee, was not a party.

     

    “Indexed Security”
means a Security the terms of which provide that the principal amount thereof
payable at Stated Maturity may be more or less than the principal face amount
thereof at original issuance.

     

    
      
        
        

      

      
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    “Interest,” when used
with respect to an Original Issue Discount Security which by its terms bears
interest only after Maturity, shall mean interest payable after
Maturity.

     

    “Interest Payment
Date,” when used with respect to any Security, means the Stated Maturity
of an installment of interest on such Security.

     

    “Make-Whole Amount,”
when used with respect to any Security, means the amount, if any, in addition to
principal (and accrued interest thereon, if any) which is required by a
Security, under the terms and conditions specified therein or as otherwise
specified as contemplated by Section 301, to be paid by the Company to the
Holder thereof in connection with any optional redemption or accelerated payment
of such Security.

     

    “mandatory sinking fund
payment” has the meaning specified in Section 1201.

     

    “Market Value of the
Distribution” has the meaning specified in Section 1604.

     

    “Maturity,” when used
with respect to any Security, means the date on which the principal (or, if the
context so requires, in the case of an Original Issue Discount Security, or
lesser amount or, in the case of an Indexed Security, an amount determined in
accordance with the specified terms of that Security) of such Security or an
installment of principal becomes due and payable as therein or herein provided,
whether at the Stated Maturity or by declaration of acceleration, notice of
redemption, notice of option to elect repayment or otherwise.

     

    “Officers’
Certificate” means a certificate signed by the Chairman of the Board of
Directors, the Chief Executive Officer, the President, or a Vice President
(whether or not designated by a number or word or words added before or after
the title “Vice President”), and by the Treasurer, an Assistant Treasurer, the
Secretary or an Assistant Secretary of the Company, and delivered to the
Trustee.

     

    “Opinion of Counsel”
means a written opinion of counsel, who may be counsel for the Company or who
may be an employee of or other counsel for the Company.

     

    “optional sinking fund
payment” has the meaning specified in Section 1201.

     

    “Original Issue Discount
Security” means any Security which provides for an amount (excluding any
amounts attributable to accrued but unpaid interest thereon) less than the
principal amount thereof to be due and payable upon a declaration of
acceleration of the Maturity thereof pursuant to Section 502.

     

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

     

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

     

    
      
        
        

      

      
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    (ii)           Securities,
or portions thereof, for whose payment or redemption (including repayment at the
option of the Holder) 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 and any coupons
appertaining thereto; provided, however, that, if
such Securities 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;

     

    (iii)           Securities,
except to the extent provided in Sections 1402 and 1403, with respect to which
the Company has effected Defeasance and/or Covenant Defeasance as provided in
Article Fourteen; and

     

    (iv)           Securities
which have been paid pursuant to Section 306 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 the Trustee proof satisfactory to it that such Securities are
held by a bona fide 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 the
Outstanding Securities have given any request, demand, authorization, direction,
notice, consent or waiver hereunder or are present at a meeting of Holders for
quorum purposes, and for the purpose of making the calculations required by TIA
Section 313, (i) the principal amount of an Original Issue Discount Security
that may be counted in making such determination or calculation and that shall
be deemed to be Outstanding for such purpose shall be equal to the amount of
principal thereof that would be (or shall have been declared to be) due and
payable, at the time of such determination, upon a declaration of acceleration
of the maturity thereof pursuant to Section 502, (ii) the principal amount of
any Security denominated in a Foreign Currency that may be counted in making
such determination or calculation and that shall be deemed Outstanding for such
purpose shall be equal to the Dollar equivalent, determined pursuant to Section
301 as of the date such Security is originally issued by the Company, of the
principal amount (or, in the case of an Original Issue Discount Security, the
Dollar equivalent as of such date of original issuance of the amount determined
as provided in clause (i) above) of such Security, (iii) the principal amount of
any Indexed Security that may be counted in making such determination or
calculation and that shall be deemed outstanding for such purpose shall be equal
to the principal face amount of such Indexed Security at original issuance,
unless otherwise provided with respect to such Security pursuant to Section 301,
and (iv) 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 making such calculation or in relying
upon any such request, demand, authorization, direction, notice, consent or
waiver, only Securities which a Responsible Officer of the Trustee actually
knows to be so owned shall be so disregarded.  Securities owned as
provided in clause (iv) above which 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 so 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 case of a
dispute as to such right, the advice of counsel shall be full protection in
respect of any decision made by the Trustee in accordance with such
advice.

     

    
      
        
        

      

      
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    “Paying Agent” means
any Person authorized by the Company to pay the principal of (and premium or
Make-Whole Amount, if any) or interest on any Securities or coupons on behalf of
the Company.

     

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

     

    “Place of Payment,”
when used with respect to the Securities of or within any series, means the
place or places where the principal of (and premium or Make-Whole Amount, if
any) and interest on such Securities are payable as specified as contemplated by
Sections 301 and 1002.

     

    “Predecessor Security”
of any particular Security means 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 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen
Security or a Security to which a mutilated, destroyed, lost or stolen coupon
appertains shall be deemed to evidence the same debt as the mutilated,
destroyed, lost or stolen Security or the Security to which the mutilated,
destroyed, lost or stolen coupon appertains.

     

    “Preferred Stock”
means, with respect to any Person, all capital stock issued by such Person that
is entitled to a preference or priority over any other capital stock issued by
such Person with respect to any distribution of such Person’s assets, whether by
dividend or upon any voluntary or involuntary liquidation, dissolution or
winding up.

     

    “Redemption Date,”
when used with respect to any Security to be redeemed, in whole or in part,
means the date fixed for such redemption by or pursuant to this
Indenture.

     

    “Redemption Price,”
when used with respect to any Security to be redeemed, means the price specified
in the related Officers’ Certificate or supplemental indenture contemplated by
and pursuant to Section 301, at which it is to be redeemed pursuant to this
Indenture.

     

    “Reference Date” has
the meaning specified in Section 1604.

     

    “Registered Security”
shall mean any Security which is registered in the Security
Register.

     

    “Regular Record Date”
for the interest payable on any Interest Payment Date on the Registered
Securities of or within any series means the date specified for that purpose as
contemplated by Section 301, whether or not a Business Day.

     

    “Repayment Date”
means, when used with respect to any Security to be repaid at the option of the
Holder, the date fixed for such repayment by or pursuant to this
Indenture.

     

    “Repayment Price”
means, when used with respect to any Security to be repaid at the option of the
Holder, the price at which it is to be repaid by or pursuant to this
Indenture.

     

    
      
        
        

      

      
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    “Responsible Officer,”
when used with respect to the Trustee, means any Vice President (whether or not
designated by a number or a word or words added before or after the title “Vice
President”), Assistant Vice President, Trust Officer or Assistant Trust Officer
working in its Corporate Trust Department, or any other officer of the Trustee
customarily performing functions similar to those performed by any of the above
designated officers and working in its Corporate Trust Department, and also
means, with respect to a particular corporate trust matter, any other officer to
whom such matter is referred because of such officer’s knowledge and familiarity
with the particular subject and who shall have direct responsibility for the
administration of this Indenture.

     

    “Rights” has the
meaning specified in Section 1604.

     

    “Rights Record Date”
has the meaning specified in Section 1604.

     

    “Security” and “Securities” has the
meaning stated in the first recital of this Indenture and, more particularly,
means any Security or Securities authenticated and delivered under this
Indenture; provided, however, that, if at
any time there is more than one Person acting as Trustee under this Indenture,
“Securities” with respect to the Indenture as to which such Person is Trustee
shall have the meaning stated in the first recital of this Indenture and shall
more particularly mean Securities authenticated and delivered under this
Indenture, exclusive, however, of Securities of any series as to which such
Person is not Trustee.

     

    “Security Register”
and “Security
Registrar” have the respective meanings specified in Section
305.

     

    A “Series” of Securities
means all securities denoted as part of the same series authorized by or
pursuant to a particular Board Resolution.

     

     “Short Term Rights”
has the meaning specified in Section 1604.

     

    “Significant
Subsidiary” means any Subsidiary which is a “significant subsidiary” (as
defined in Article I, Rule 1-02 of Regulation S-X, promulgated under the
Securities Act of 1933, as amended) of the Company.

     

    “Special Record Date”
for the payment of any Defaulted Interest on the Registered Securities of or
within any series means a date fixed by the Company pursuant to Section
307.

     

    “Stated Maturity,”
when used with respect to any Security or any installment of principal thereof
or interest thereon, means the date specified in such Security or a coupon
representing such installment of interest as the fixed date on which the
principal of such Security or such installment of principal or interest is due
and payable.

     

    “Subsidiary” means,
with respect to any Person, any corporation, limited liability company,
partnership or other entity of which a majority of (i) the voting power of the
voting equity securities or (ii) the outstanding equity interests are owned,
directly or indirectly, by such Person.  For the purposes of this
definition, “voting equity securities” means equity securities having voting
power for the election of directors, whether at all times or only so long as no
senior class of security has such voting power by reason of any
contingency.

     

    
      
        
        

      

      
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    “Trading Day” means
any day on which the NASDAQ Global Select Market is open for
business.

     

    “Trigger Events” has
the meaning specified in Section 1604.

     

    “Trust Indenture Act”
or “TIA” means
the Trust Indenture Act of 1939, as amended and as in force at the date as of
which this Indenture was executed, except as provided in Section
905.

     

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

     

    “Unadjusted
Distribution” has the meaning specified in Section 1604.

     

    “United States” means,
unless otherwise specified with respect to any Securities pursuant to Section
301, the United States of America (including the states and the District of
Columbia), its territories, its possessions and other areas subject to its
jurisdiction.

     

    “United States Person”
means, unless otherwise specified with respect to any Securities pursuant to
Section 301, an individual who is a citizen or resident of the United States, a
corporation, partnership or other entity created or organized in or under the
laws of the United States or an estate or trust the income of which is subject
to United States Federal income taxation regardless of its source.

     

    “Yield to Maturity”
means the yield to maturity, computed at the time of issuance of a Security (or,
if applicable, at the most recent redetermination of interest on such Security)
and as set forth in such Security in accordance with generally accepted United
States bond yield computation principles.

     

    SECTION
102.            Compliance Certificates and
Opinions.  Upon
any application or request by the Company to the Trustee to take any action
under any provision of this Indenture, the Company shall furnish to the Trustee
an Officers’ 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, if any, have been complied with, except that in the case
of any such application or request as to which the furnishing of such documents
is specifically required by any provision of this Indenture relating to such
particular application or request, no additional certificate or opinion need be
furnished.

     

    Every
certificate or opinion with respect to compliance with a condition or covenant
provided for in this Indenture (including certificates delivered pursuant to
Section 1008) shall include:

     

    
      
        
        

      

      
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    (1)           a
statement that each individual signing such certificate or opinion has read such
condition or covenant and the definitions herein relating thereto;

     

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

     

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

     

    (4)           a
statement as to whether, in the opinion of each such individual, such condition
or covenant has been complied with.

     

    SECTION
103.            Form of Documents Delivered
to Trustee.  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.

     

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

     

    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
104.            Acts of
Holders.

     

    (a)           Any
request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders of the
Outstanding Securities of all series or one or more series, as the case may be,
may be embodied in and evidenced by one or more instruments of substantially
similar tenor signed by such Holders in person or by agents duly appointed in
writing.  If Securities of a series are issuable as Bearer Securities,
any request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders of Securities
of such series may, alternatively, be embodied in and evidenced by the record of
Holders of Securities of such series voting in favor thereof, either in person
or by proxies duly appointed in writing, at any meeting of Holders of Securities
of such series duly called and held in accordance with the provisions of Article
Fifteen, or a combination of such instruments and any such
record.  Except as herein otherwise expressly provided, such action
shall become effective when such instrument or instruments or record or both are
delivered to the Trustee and, where it is hereby expressly required, to the
Company.  Such instrument or instruments and any such record (and the
action embodied therein and evidenced thereby) are herein sometimes referred to
as the “Act” of the Holders signing such instrument or instruments or so voting
at any such meeting.  Proof of execution of any such instrument or of
a writing appointing any such agent, or of the holding by any Person of a
Security, shall be sufficient for any purpose of this Indenture and conclusive
in favor of the Trustee and the Company and any agent of the Trustee or the
Company, if made in the manner provided in this Section.  The record
of any meeting of Holders of Securities shall be proved in the manner provided
in Section 1506.

     

    
      
        
        

      

      
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    (b)           The
fact and date of the execution by any Person of any such instrument or writing
may be proved by the affidavit of a witness of such execution or by a
certificate of a notary public or other officer authorized by law to take
acknowledgments of deeds, certifying that the individual signing such instrument
or writing acknowledged to him the execution thereof.  Where such
execution is by a signer acting in a capacity other than his individual
capacity, such certificate or affidavit shall also constitute sufficient proof
of his authority.  The fact and date of the execution of any such
instrument or writing, or the authority of the Person executing the same, may
also be proved in any other reasonable manner which the Trustee deems
sufficient.

     

    (c)           The
ownership of Registered Securities shall be proved by the Security
Register.  As to any matter relating to beneficial ownership interests
in any Global Security, the appropriate depository’s records shall be
dispositive for purposes of this Indenture.

     

    (d)           The
ownership of Bearer Securities may be proved by the production of such Bearer
Securities or by a certificate executed, as depository, by any trust company,
bank, banker or other depository, wherever situated, if such certificate shall
be deemed by the Trustee to be satisfactory, showing that at the date therein
mentioned such Person had on deposit with such depository, or exhibited to it,
the Bearer Securities therein described; or such facts may be proved by the
certificate or affidavit of the Person holding such Bearer Securities, if such
certificate or affidavit is deemed by the Trustee to be
satisfactory.  The Trustee and the Company may assume that such
ownership of any Bearer Security continues until (1) another certificate or
affidavit bearing a later date issued in respect of the same Bearer Security is
produced, or (2) such Bearer Security is produced to the Trustee by some other
Person, or (3) such Bearer Security is surrendered in exchange for a Registered
Security, or (4) such Bearer Security is no longer Outstanding.  The
ownership of Bearer Securities may also be proved in any other manner which the
Trustee deems sufficient.

     

    (e)           If
the Company shall solicit from the Holders of Registered Securities any request,
demand, authorization, direction, notice, consent, waiver or other Act, the
Company may, at its option, in or pursuant to a Board Resolution, fix in advance
a record date for the determination of Holders entitled to give such request,
demand, authorization, direction, notice, consent, waiver or other Act, but the
Company shall have no obligation to do so.  Notwithstanding TIA
Section 316(c), such record date shall be the record date specified in or
pursuant to such Board Resolution, which shall be a date not earlier than the
date 30 days prior to the first solicitation of Holders generally in connection
therewith and not later than the date such solicitation is
completed.  If such a record date is fixed, such request, demand,
authorization, direction, notice, consent, waiver or other Act may be given
before or after such record date, but only the Holders of record at the close of
business on such record date shall be deemed to be Holders for the purposes of
determining whether Holders of the requisite proportion of Outstanding
Securities have authorized or agreed or consented to such request, demand,
authorization, direction, notice, consent, waiver or other Act, and for that
purpose the Outstanding Securities shall be computed as of such record date;
provided that
no such authorization, agreement or consent by the Holders on such record date
shall be deemed effective unless it shall become effective pursuant to the
provisions of this Indenture not later than eleven months after the record
date.

     

    
      
        
        

      

      
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    (f)           Any
request, demand, authorization, direction, notice, consent, waiver or other Act
of the Holder of any Security shall bind every future Holder of the same
Security and the Holder of every Security issued upon the registration of
transfer thereof or upon the conversion thereof or in exchange therefor or in
lieu thereof in respect of anything done, omitted or suffered to be done by the
Trustee, any Security Registrar, any Paying Agent, any Authenticating Agent or
the Company in reliance thereon, whether or not notation of such action is made
upon such Security.

     

    SECTION
105.            Notices, etc., to Trustee
and Company.  Any
request, demand, authorization, direction, notice, consent, waiver or Act of
Holders or other document provided or permitted by this Indenture to be made
upon, given or furnished to, or filed with,

     

    (1)           the
Trustee by any Holder or by the Company shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with the Trustee
at [_________________________] or at any other address previously furnished in
writing to the Company by the Trustee, Attention: [__________]; or

     

    (2)           the
Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid, to the Company addressed to it at the address of
its principal office specified in the first paragraph of this Indenture or at
any other address previously furnished in writing to the Trustee by the Company,
Attention: [__________]; or

     

    (3)           either
the Trustee or the Company, by the other party or by any Holder, shall be
sufficient for every purpose hereunder if given by facsimile transmission,
receipt confirmed by telephone followed by an original copy delivered by
guaranteed overnight courier; if to the Trustee at facsimile number
[__________]; and if to the Company at facsimile number
[__________].

     

    SECTION
106.            Notice to Holders;
Waiver.  Where
this Indenture provides for notice of any event to Holders of Registered
Securities by the Company or the Trustee, such notice shall be sufficiently
given (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid, to each such Holder affected by such event, at his
address as it appears in the Security Register, not later than the latest date,
if any, and not earlier than the earliest date, if any, prescribed for the
giving of such notice.  In any case where notice to Holders of
Registered Securities 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 of Registered
Securities or the sufficiency of any notice to Holders of Bearer Securities
given as provided herein.  Any notice mailed to a Holder in the manner
herein prescribed shall be conclusively deemed to have been received by such
Holder, whether or not such Holder actually receives such notice.

     

    
      
        
        

      

      
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    If by
reason of the suspension of or irregularities in regular mail service or by
reason of any other cause it shall be impracticable to give such notice by mail,
then such notification to Holders of Registered Securities as shall be made with
the approval of the Trustee shall constitute a sufficient notification to such
Holders for every purpose hereunder.

     

    Except as
otherwise expressly provided herein or otherwise specified with respect to any
Securities pursuant to Section 301, where this Indenture provides for notice to
Holders of Bearer Securities of any event, such notice shall be sufficiently
given if published in an Authorized Newspaper in The City of New York and in
such other city or cities as may be specified in such Securities on a Business
Day, such publication to be not later than the latest date, if any, and not
earlier than the earliest date, if any, prescribed for the giving of such
notice.  Any such notice shall be deemed to have been given on the
date of such publication or, if published more than once, on the date of the
first such publication.

     

    If by
reason of the suspension of publication of any Authorized Newspaper or
Authorized Newspapers or by reason of any other cause it shall be impracticable
to publish any notice to Holders of Bearer Securities as provided above, then
such notification to Holders of Bearer Securities as shall be given with the
approval of the Trustee shall constitute sufficient notice to such Holders for
every purpose hereunder.  Neither the failure to give notice by
publication to any particular Holder of Bearer Securities as provided above, nor
any defect in any notice so published, shall affect the sufficiency of such
notice with respect to other Holders of Bearer Securities or the sufficiency of
any notice to Holders of Registered Securities given as provided
herein.

     

    Any
request, demand, authorization, direction, notice, consent or waiver required or
permitted under this Indenture shall be in the English language, except that any
published notice may be in an official language of the country of
publication.

     

    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 upon such waiver.

     

    SECTION
107.            Counterparts; Effect of
Headings and Table of Contents.  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 Indenture.  The Article and
Section headings herein and the Table of Contents are for convenience only and
shall not affect the construction hereof.

     

    
      
        
        

      

      
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    SECTION
108.            Successors and
Assigns.  All
covenants and agreements in this Indenture by the Company shall bind its
successors and assigns, whether so expressed or not.

     

    SECTION
109.            Severability
Clause.  In
case any provision in this Indenture or in any Security or coupon shall be held
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired
thereby.

     

    SECTION
110.            Benefits of
Indenture.  Nothing
in this Indenture or in the Securities or coupons, if any, express or implied,
shall give to any Person, other than the parties hereto, any Security Registrar,
any Paying Agent, any Authenticating Agent and their successors hereunder and
the Holders any benefit or any legal or equitable right, remedy or claim under
this Indenture.

     

    SECTION
111.            Governing
Law.  This
Indenture and the Securities and coupons shall be governed by and construed in
accordance with the laws of the State of New York.  This Indenture is
subject to the provisions of the TIA that are required to be part of this
Indenture and shall, to the extent applicable, be governed by such
provisions.

     

    SECTION
112.            Legal
Holidays.  In
any case where any Interest Payment Date, Redemption Date, Repayment Date,
sinking fund payment date, Stated Maturity or Maturity of any Security or the
last date on which a Holder has the right to convert or exchange a Security
shall not be a Business Day at any Place of Payment, then (notwithstanding any
other provision of this Indenture or any Security or coupon other than a
provision in the Securities of any series which specifically states that such
provision shall apply in lieu hereof), payment of interest or principal (and
premium or Make-Whole Amount, if any) or conversion or exchange of such Security
need not be made at such Place of Payment on such date, but (except as otherwise
provided in the supplemental indenture with respect to such Security) may be
made on the next succeeding Business Day at such Place of Payment with the same
force and effect as if made on the Interest Payment Date, Redemption Date,
Repayment Date or sinking fund payment date, or at the Stated Maturity or
Maturity, or on such last day for conversion or exchange, provided that no
interest shall accrue on the amount so payable for the period from and after
such Interest Payment Date, Redemption Date, Repayment Date, sinking fund
payment date, Stated Maturity or Maturity, as the case may be.

     

    SECTION
113.            Limited Liability; Immunity
of Stockholders, Directors, Officers and Agents of the
Company.  Notwithstanding
any other provision of this Indenture or of the Securities of any series to the
contrary, no recourse under or upon any obligation, covenant or agreement
contained in this Indenture or in any Security, or for the payment of any sums
due on account of any indebtedness evidenced thereby, including without
limitation principal, premium or interest, if any, or for any claim based on
this Indenture or any Security or otherwise in respect of this Indenture or any
Security, shall be had, whether by levy or execution or otherwise, against (i)
the Company, the Company’s assets or against any past, present or future
stockholder, employee, officer, director or agent, as such, of the Company or
any successor, either directly or through the Company or any successor, under
any rule of law, statute, constitutional provision or by the enforcement of any
assessment or penalty, or by any legal or equitable proceeding or otherwise, nor
shall any such parties be personally liable for any such amounts, obligations or
claims, or liable for any deficiency judgment based thereon or with respect
thereto, it being expressly understood that the sole remedies hereunder or under
any other document with respect to the Securities against such parties with
respect to such amounts, obligations or claims shall be against the Company and
that all such liability of and recourse against such parties is expressly waived
and released by the acceptance of the Securities by the Holders and as part of
the consideration for the issue of the Securities.

     

    
      
        
        

      

      
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    SECTION
114.            Conflict with Trust
Indenture Act.  If
any provision hereof limits, qualifies or conflicts with another provision
hereof which is required or deemed to be included in this Indenture by any of
the provisions of the Trust Indenture Act, such required provision shall
control.  If any provision of this Indenture modifies or excludes any
provision of the Trust Indenture Act that may be so modified or excluded, the
latter provision shall be deemed to apply to this Indenture as so modified or to
be excluded, as the case may be.

     

    ARTICLE
TWO - SECURITIES FORMS

     

    SECTION
201.            Forms of
Securities.  The
Registered Securities, if any, of each series and the Bearer Securities, if any,
of each series and related coupons shall be substantially in the form of Exhibit A hereto or
in such other form as shall be established in one or more indentures
supplemental hereto or approved from time to time by or pursuant to a Board
Resolution in accordance with Section 301, shall have such appropriate
insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture or any indenture supplemental hereto, 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 over-the-counter market or
securities exchange, on which the Securities may be quoted or listed, or to
conform to usage.

     

    Unless
otherwise specified as contemplated by Section 301, Bearer Securities shall have
interest coupons attached.

     

    The
definitive Securities and coupons shall be printed, lithographed or engraved or
produced by any combination of these methods on a steel engraved border or steel
engraved borders or mechanically reproduced on safety paper or may be produced
in any other manner, all as determined by the officers executing such Securities
or coupons, as evidenced by their execution of such Securities or
coupons.

     

    
      
        
        

      

      
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    SECTION
202.            Form of Trustee’s
Certificate of Authentication.  Subject
to Section 611, the Trustee’s certificate of authentication shall be in
substantially the following form:

     

    This is
one of the Securities of the series designated therein referred to in the
within- mentioned Indenture.

     

    
      
        
          
            
              
                
                  	 
      	 
      	
                          ,

                        
	 
      	
                          as
      Trustee

                        
	 
      	 
      	 
      	 
      
	
                          Dated:
      ______________

                        	
                          By:

                        	 
      
	 
      	 
      	
                          Authorized
      Signatory

                        	 
      

                

              

            

          

        

      

    

     

    SECTION
203.            Securities Issuable in
Global Form.  If
Securities of or within a series are issuable in the form of one or more Global
Securities, then, notwithstanding clause (8) of Section 301 and the provisions
of Section 302, any such Global Security or Securities may provide that it or
they shall represent the aggregate amount of all Outstanding Securities of such
series (or such lesser amount as is permitted by the terms thereof) from time to
time endorsed thereon and may also provide that the aggregate amount of
Outstanding Securities of such series represented thereby may from time to time
be increased or decreased to reflect exchanges.  Any endorsement of
any Global Security to reflect the amount, or any increase or decrease in the
amount, or changes in the rights of Holders thereof, of Outstanding Securities
represented thereby shall be made (or caused to be made) by the Trustee in such
manner or by such Person or Persons as shall be specified therein or in the
Company Order to be delivered to the Trustee pursuant to Section 303 or
304.  Subject to the provisions of Section 303 and, if applicable,
Section 304, the Trustee shall deliver and redeliver any Global Security in
permanent global form in the manner and upon instructions given by the Person or
Persons specified therein or in the applicable Company Order.  If a
Company Order pursuant to Section 303 or 304 has been, or simultaneously is,
delivered, any instructions by the Company with respect to endorsement or
delivery or redelivery of a Global Security shall be in writing but need not
comply with Section 102 and need not be accompanied by an Opinion of
Counsel.

     

    The
provisions of the last sentence of Section 303 shall apply to any Security
represented by a Global Security if such Security was never issued and sold by
the Company and the Company delivers to the Trustee the Global Security together
with written instructions (which need not comply with Section 102 and need not
be accompanied by an Opinion of Counsel) with regard to the reduction in the
principal amount of Securities represented thereby, together with the written
statement contemplated by the last sentence of Section 303.

     

    Notwithstanding
the provisions of Section 307, unless otherwise specified as contemplated by
Section 301, payment of principal of and any premium or Make-Whole Amount, if
any, and interest on any Global Security in permanent global form shall be made
to the registered Holder thereof.

     

    Notwithstanding
the provisions of Section 308 and except as provided in the preceding paragraph,
the Company, the Trustee and any agent of the Company and the Trustee shall
treat as the Holder of such principal amount of Outstanding Securities
represented by a permanent Global Security (i) in the case of a permanent Global
Security in registered form, the Holder of such permanent Global Security in
registered form, or (ii) in the case of a permanent Global Security in bearer
form, Euroclear or Clearstream.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    Any
Global Security authenticated and delivered hereunder shall bear a legend in
substantially the following form:

     

    “This
Security is a Global Security within the meaning set forth in the Indenture
hereinafter referred to and is registered in the name of a Depository or a
nominee of a Depository.  This Security is exchangeable for Securities
registered in the name of a person other than the Depository or its nominee only
in the limited circumstances described in the Indenture, and may not be
transferred except as a whole by the Depository to a nominee of the Depository
or by a nominee of the Depository to the Depository or another nominee of the
Depository or by the Depository or its nominee to a successor Depository or its
nominee.”

     

    ARTICLE
THREE - THE SECURITIES

     

    SECTION
301.            Amount Unlimited; Issuable
in Series.  The
aggregate principal amount of Securities which may be authenticated and
delivered under this Indenture is unlimited.

     

    The
Securities may be issued in one or more series, each of which shall be
authorized pursuant to Board Resolutions of the Company.  There shall
be established in one or more Board Resolutions or pursuant to authority granted
by one or more Board Resolutions and, subject to Section 303, set forth in an
Officers’ Certificate, or established in one or more indentures supplemental
hereto, prior to the issuance of Securities of any series:

     

    (1)           The
title of the Securities of the series, including “CUSIP” numbers (which shall
distinguish the Securities of such series from all other series of
Securities);

     

    (2)           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 registration of transfer of, or upon conversion
of, or in exchange for, or in lieu of, other Securities of the series pursuant
to Section 304, 305, 306, 906, 1107 or 1305) and the minimum authorized
denominations with respect to the Securities of such series;

     

    (3)           The
price (expressed as a percentage of the principal amount thereof) at which such
Securities will be issued and, if other than the principal amount thereof, the
portion of the principal amount thereof payable upon declaration of acceleration
of the maturity thereof or (if applicable) the portion of the principal amount
of such Securities that is convertible into Common Stock or the method by which
any such portion shall be determined.

     

    (4)           If
convertible, the terms on which such Securities are convertible, including the
initial conversion price or rate and the conversion period and any applicable
limitations on the ownership or transferability of Common Stock or Preferred
Stock receivable on conversion;

     

    (5)           The
date or dates, or the method for determining such date or dates, on which the
principal of such Securities will be payable;

     

    
      
        
        

      

      
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    (6)           The
rate or rates (which may be fixed or variable), or the method by which such rate
or rates shall be determined, at which such Securities will bear interest, if
any;

     

    (7)           The
date or dates, or the method for determining such date or dates, from which any
such interest will accrue, the Interest Payment Dates on which any such interest
will be payable, the Regular Record Dates for such Interest Payment Dates, or
the method by which such dates shall be determined, the Persons to whom such
interest shall be payable, and the basis upon which interest shall be calculated
if other than that of a 360-day year of twelve 30-day months;

     

    (8)           The
Make-Whole Amount, if any, or method for determining the Make-Whole Amount, if
any, payable with respect to such Securities, and the terms upon which such
amount, if any, will be payable;

     

    (9)           The
place or places where the principal of (and premium or Make-Whole Amount, if
any) and interest, if any, on such Securities will be payable, where such
Securities may be surrendered for registration of transfer or conversion or
exchange and where notices or demands to or upon the Company in respect of such
Securities and this Indenture may be served;

     

    (10)         The
period or periods, if any, within which, the price or prices at which and the
other terms and conditions upon which such Securities may, pursuant to any
optional or mandatory redemption provisions, be redeemed, as a whole or in part,
at the option of the Company;

     

    (11)         The
obligation, if any, of the Company to redeem, repay or purchase such Securities
pursuant to any sinking fund or analogous provision or at the option of a Holder
thereof, and the period or periods within which, the price or prices at which
and the other terms and conditions upon which such Securities will be redeemed,
repaid or purchased, as a whole or in part, pursuant to such
obligation;

     

    (12)         If
other than Dollars, the currency or currencies in which such Securities are
denominated and payable, which may be a foreign currency or units of two or more
foreign currencies or a composite currency or currencies, the manner of
determining the equivalent thereof in Dollars for purposes of the definition of
“Outstanding” in Section 101, and the terms and conditions relating
thereto;

     

    (13)         Whether
the amount of payments of principal of (and premium or Make-Whole Amount, if
any, including any amount due upon redemption, if any) or interest on such
Securities may be determined with reference to an index, formula or other method
(which index, formula or method may, but need not be, based on the yield on or
trading price of other securities, including United States Treasury securities
or on a currency, currencies, currency unit or units, or composite currency or
currencies) and the manner in which such amounts shall be
determined;

     

    (14)         Whether
the principal of (and premium or Make-Whole Amount, if any) or interest on the
Securities of the series are to be payable, at the election of the Company or a
Holder thereof, in a currency or currencies, currency unit or units or composite
currency or currencies other than that in which such Securities are denominated
or stated to be payable, the period or periods within which, and the terms and
conditions upon which, such election may be made, and the time and manner of,
and identity of the exchange rate agent with responsibility for, determining the
exchange rate between the currency or currencies, currency unit or units or
composite currency or currencies in which such Securities are denominated or
stated to be payable and the currency or currencies, currency unit or units or
composite currency or currencies in which such Securities are to be so
payable;

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    (15)         Provisions,
if any, granting special rights to the Holders of Securities of the series upon
the occurrence of such events as may be specified;

     

    (16)         Any
deletions from, modifications of or additions to the Events of Default or
covenants of the Company with respect to Securities of the series, whether or
not such Events of Default or covenants are consistent with the Events of
Default or covenants set forth herein;

     

    (17)         Whether
and under what circumstances the Company will pay any additional amounts on such
Securities in respect of any tax, assessment or governmental charge and, if so,
whether the Company will have the option to redeem such Securities in lieu of
making such payment;

     

    (18)         Whether
Securities of the series are to be issuable as Registered Securities, Bearer
Securities (with or without coupons) or both, any restrictions applicable to the
offer, sale or delivery of Bearer Securities and the terms upon which Bearer
Securities of the series may be exchanged for Registered Securities of the
series and vice versa (if permitted by applicable laws and regulations), whether
any Securities of the series are to be issuable initially in temporary global
form and whether any Securities of the series are to be issuable in permanent
global form with or without coupons and, if so, whether beneficial owners of
interests in any such permanent global Security may, or shall be required to,
exchange such interests for Securities of such series and of like tenor of any
authorized form and denomination and the circumstances under which any such
exchanges may, or shall be required to, occur, if other than in the manner
provided in the Indenture, and, if Registered Securities of the series are to be
issuable as a Global Security, the identity of the depository for such
series;

     

    (19)         The
date as of which any Bearer Securities of the series and any temporary Global
Security representing outstanding Securities of the series shall be dated if
other than the date of original issuance of the first Security of the series to
be issued;

     

    (20)         The
Person to whom any interest on any Registered Security of the series shall be
payable, if other than the Person in whose name that Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest the manner in which, or the Person to whom, any
interest on any Bearer Security of the series shall be payable, if otherwise
than upon presentation and surrender of the coupons appertaining thereto as they
severally mature, and the extent to which, or the manner in which, any interest
payable on a temporary Global Security on an Interest Payment Date will be paid
if other than in the manner provided herein; provided, however, in each
case, that the manner of determining such Person or making such payment shall be
acceptable to the Trustee (as not imposing on it any undue administrative burden
or risk of liability);

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    (21)         The
applicability, if any, of the Defeasance and Covenant Defeasance provisions of
Article Fourteen hereof to the Securities of the series;

     

    (22)         The
obligation, if any, of the Company to permit the conversion of the Securities of
such series into Common Stock or Preferred Stock, as the case may be, and the
terms and conditions upon which such conversion shall be effected (including,
without limitation, the initial conversion price or rate, the conversion period,
any adjustment of the applicable conversion price and any requirements relative
to the reservation of such shares for purposes of conversion);

     

    (23)         If
the Securities of such series are to be issuable in definitive form (whether
upon original issue or upon exchange of a temporary Security of such series)
only upon receipt of certain certificates or other documents or satisfaction of
other conditions, then the form and/or terms of such certificates, documents or
conditions;

     

    (24)         Designation
of the Trustee, if different from the Trustee under the Indenture, with respect
to such series and the terms applicable to such Trustee (which shall be accepted
by such Trustee by its execution and delivery of a supplemental indenture as
provided therein); and

     

    (25)         Any
other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture).

     

    All
Securities of any one series and the coupons appertaining to any Bearer
Securities of such series shall be substantially identical except, in the case
of Registered Securities, as to denomination and except as may otherwise be
provided in or pursuant to such Board Resolution (subject to Section 303) and
set forth in such Officers’ Certificate or in any such indenture supplemental
hereto.  All Securities of any one series need not be issued at the
same time and, unless otherwise provided, a series may be reopened, without the
consent of the Holders, for issuances of additional Securities of such
series.

     

    If any of
the terms of the Securities of any series are established by action taken
pursuant to one or more Board Resolutions, a copy of an appropriate record of
such action(s) shall be certified by the Secretary or an Assistant Secretary of
the Company and delivered to the Trustee at or prior to the delivery of the
Officers’ Certificate setting forth the terms of the Securities of such
series.

     

    SECTION
302.            Denominations.  The
Securities of each series shall be issuable in such denominations as shall be
specified as contemplated by Section 301.  With respect to Securities
of any series denominated in Dollars, in the absence of any such provisions with
respect to the Securities of any series, the Securities of such series, other
than Global Securities (which may be of any denomination), shall be issuable in
denominations of $1,000 and any integral multiple thereof or the equivalent
amounts thereof in the case of Securities denominated in the Foreign Currency or
currency unit.

     

    SECTION
303.            Execution, Authentication,
Delivery and Dating.  The
Securities and any coupons appertaining thereto shall be executed on behalf of
the Company by its Chairman of the Board, its Chief Executive Officer, its
President, or one of its Vice Presidents, under its corporate seal reproduced
thereon, and attested by its Secretary or one of its Assistant
Secretaries.  The signature of any of these officers on the Securities
and coupons may be manual or facsimile signatures of the present or any future
such authorized officer and may be imprinted or otherwise reproduced on the
Securities.

     

    
      
        
        

      

      
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    Securities
and coupons bearing the manual or facsimile signatures of individuals who were
at any time the proper officers of the Company shall bind the Company,
notwithstanding that such individuals or any of them have ceased to hold such
offices prior to the authentication and delivery of such Securities or did not
hold such offices at the date of such Securities or coupons.

     

    At any
time and from time to time after the execution and delivery of this Indenture,
the Company may deliver Securities of any series, together with any coupon
appertaining thereto, executed by the Company to the Trustee for authentication,
together with a Company Order for the authentication and delivery of such
Securities (accompanied by a copy of the Board Resolution and the Officers’
Certificate or supplemental indenture contemplated by Section 301), and the
Trustee in accordance with the Company Order shall authenticate and deliver such
Securities; provided, however, that, in
connection with its original issuance, no Bearer Security shall be mailed or
otherwise delivered to any location in the United States; and provided further that, unless
otherwise specified with respect to any series of Securities pursuant to Section
301, a Bearer Security may be delivered in connection with its original issuance
only if the Person entitled to receive such Bearer Security shall have furnished
a certificate to Euroclear or Clearstream, as the case may be, in the form set
forth in Exhibit
B-1 to this Indenture or such other certificate as may be specified by
the Company with respect to any series of Securities pursuant to Section 301,
dated no earlier than 15 days prior to the earlier of the date on which such
Bearer Security is delivered and the date on which any temporary Security first
becomes exchangeable for such Bearer Security in accordance with the terms of
such temporary Security and this Indenture.  If any Security shall be
represented by a permanent Global Security, then, for purposes of this Section
and Section 304, the notation of a beneficial owner’s interest therein upon
original issuance of such Security or upon exchange of a portion of a temporary
Global Security shall be deemed to be delivery in connection with its original
issuance of such beneficial owner’s interest in such permanent Global
Security.  Except as permitted by Section 306, the Trustee shall not
authenticate and deliver any Bearer Security unless all appurtenant coupons for
interest then matured have been detached and canceled.

     

    If all
the Securities of any series are not to be issued at one time and if the Board
Resolution or supplemental indenture establishing such series shall so permit,
such Company Order may set forth procedures acceptable to the Trustee for the
issuance of such Securities and determining the terms of particular Securities
of such series, such as interest rate or formula, maturity date, date of
issuance and date from which interest shall accrue.  In authenticating
such Securities, and accepting the additional responsibilities under this
Indenture in relation to such Securities, the Trustee shall be entitled to
receive, and (subject to TIA Section 315(a) through 315(d)) shall be fully
protected in relying upon,

     

    (i)           an
Opinion of Counsel stating that

     

    (a)           the
form or forms of such Securities and any coupons have been established in
conformity with the provisions of this Indenture;

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    (b)           the
terms of such Securities and any coupons have been established in conformity
with the provisions of this Indenture; and

     

    (c)           such
Securities, together with any coupons appertaining thereto, when completed by
appropriate insertions and executed and delivered by the Company to the Trustee
for authentication in accordance with this Indenture, authenticated and
delivered by the Trustee in accordance with this Indenture and issued by the
Company in the manner and subject to any conditions specified in such Opinion of
Counsel, will constitute legal, valid and legally binding obligations of the
Company, enforceable in accordance with their terms, subject to applicable
bankruptcy, insolvency, fraudulent transfer, reorganization and other similar
laws of general applicability relating to or affecting the enforcement of
creditors’ rights generally and to general equitable principles;
and

     

    (ii)          an
Officers’ Certificate stating that all conditions precedent provided for in this
Indenture relating to the issuance of the Securities have been complied with and
that, to the best of the knowledge of the signers of such certificate, that no
Event of Default with respect to any of the Securities shall have occurred and
be continuing.

     

    If such
form or terms have been so established, the Trustee shall not be required to
authenticate such Securities (or to enter into the related supplemental
indenture, if applicable) if the issue of such Securities pursuant to this
Indenture will affect the Trustee’s own rights, duties, obligations or
immunities under the Securities and this Indenture or otherwise in a manner
which is not reasonably acceptable to the Trustee.

     

    Notwithstanding
the provisions of Section 301 and of the preceding paragraph, if all the
Securities of any series are not to be issued at one time, it shall not be
necessary to deliver an Officers’ Certificate otherwise required pursuant to
Section 301 or a Company Order, or an Opinion of Counsel or an Officers’
Certificate otherwise required pursuant to the preceding paragraph at the time
of issuance of each Security of such series, but such order, opinion and
certificates, with appropriate modifications to cover such future issuances,
shall be delivered at or before the time of issuance of the first Security of
such series.

     

    Each
Registered Security shall be dated the date of its authentication and each
Bearer Security shall be dated as of the date specified as contemplated by
Section 301.

     

    No
Security or coupon shall be entitled to any benefit under this Indenture or be
valid or obligatory for any purpose unless there appears on such Security or
Security to which such coupon appertains a certificate of authentication
substantially in the form provided for herein duly executed by the Trustee
(subject to Section 611) by manual signature of an authorized signatory, 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.  Notwithstanding
the foregoing, if any Security (including a Global Security) shall have been
authenticated and delivered hereunder but never issued and sold by the Company,
and the Company shall deliver such Security to the Trustee for cancellation as
provided in Section 309 together with a written statement (which need not comply
with Section 102 and need not be accompanied by an Opinion of Counsel) stating
that such Security has never been issued and sold by the Company, for all
purposes of this Indenture such Security shall be deemed never to have been
authenticated and delivered hereunder and shall never be entitled to the
benefits of this Indenture.

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    SECTION
304.            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 which are printed, lithographed, typewritten, mimeographed or
otherwise produced, in any authorized denomination, substantially of the tenor
of the definitive Securities in lieu of which they are issued, in registered
form, or, if authorized, in bearer form with one or more coupons or without
coupons, 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.  In the
case of Securities of any series, such temporary Securities may be in global
form.

     

    Except in
the case of temporary Global Securities (which shall be exchanged as otherwise
provided herein or as otherwise provided in or pursuant to a Board Resolution or
supplemental indenture pursuant to Section 301), if temporary Securities of any
series are issued, the Company will cause definitive Securities of that 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
the temporary Securities of such series at the office or agency of the Company
in a Place of Payment for that series, without charge to the
Holder.  Upon surrender for cancellation of any one or more temporary
Securities of any series (accompanied by any non-matured coupons appertaining
thereto), the Company shall execute (in accordance with a Company Order
delivered at or prior to the authentication of the first definitive security to
such series) and the Trustee shall authenticate and deliver in exchange therefor
a like principal amount of definitive Securities of the same series of
authorized denominations; provided, however, that no
definitive Bearer Security shall be delivered in exchange for a temporary
Registered Security; and provided further that a
definitive Bearer Security shall be delivered in exchange for a temporary Bearer
Security only in compliance with the conditions set forth in Section
303.  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.

     

    (b)           Unless
otherwise provided in or pursuant to a Board Resolution or supplemental
indenture pursuant to Section 301, the following provisions of this Section
304(b) shall govern the exchange of temporary Securities other than through the
facilities of the DTC.  If any such temporary Security is issued in
global form, then such temporary Global Security shall, unless otherwise
provided therein, be delivered to the London office of a depository or common
depository upon and pursuant to written direction of the Company (the “Common
Depository”), for the benefit of Euroclear and Clearstream, for credit to the
respective accounts of the beneficial owners of such Securities (or to such
other accounts as they may direct).

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

     

    Without
unnecessary delay but in any event not later than the date specified in, or
determined pursuant to the terms of, any such temporary Global Security (the
“Exchange Date”), the Company shall deliver to the Trustee definitive
Securities, in aggregate principal amount equal to the principal amount of such
temporary Global Security, executed by the Company.  On or after the
Exchange Date, such temporary Global Security shall be surrendered by the Common
Depository to the Trustee, as the Company’s agent for such purpose, to be
exchanged, in whole or from time to time in part, for definitive Securities
without charge, and the Trustee shall authenticate and deliver, in exchange for
each portion of such temporary Global Security, an equal aggregate principal
amount of definitive Securities of the same series of authorized denominations
and of like tenor as the portion of such temporary Global Security to be
exchanged.  The definitive Securities to be delivered in exchange for
any such temporary Global Security shall be in bearer form, registered form,
permanent global bearer form or permanent global registered form, or any
combination thereof, as specified as contemplated by Section 301, and, if any
combination thereof is so specified, as requested by the beneficial owner
thereof (as directed by or pursuant to information provided by the Common
Depository); provided, however, that, unless
otherwise specified in such temporary Global Security, upon such presentation by
the Common Depository, such temporary Global Security shall be accompanied by a
certificate dated the Exchange Date or a subsequent date and signed by Euroclear
as to the portion of such temporary Global Security held for its account then to
be exchanged and a certificate dated the Exchange Date or a subsequent date and
signed by Clearstream as to the portion of such temporary Global Security held
for its account then to be exchanged, each in the form set forth in Exhibit B-2 to this
Indenture or in such other form as may be established pursuant to Section 301;
and provided
further that
definitive Bearer Securities shall be delivered in exchange for a portion of a
temporary Global Security only in compliance with the requirements of Section
303.

     

    Unless
otherwise specified in such temporary Global Security, the interest of a
beneficial owner of Securities of a series in a temporary Global Security shall
be exchanged for definitive Securities of the same series and of like tenor
following the Exchange Date when the account holder instructs Euroclear or
Clearstream, as the case may be, to request such exchange on his behalf and
delivers to Euroclear or Clearstream, as the case may be, a certificate in the
form set forth in Exhibit B-1 to this
Indenture (or in such other form as may be established pursuant to Section 301),
dated no earlier than 15 days prior to the Exchange Date, copies of which
certificate shall be available from the offices of Euroclear and Clearstream,
the Trustee, any Authenticating Agent appointed for such series of Securities
and each Paying Agent.  Unless otherwise specified in such temporary
Global Security, any such exchange shall be made free of charge to the
beneficial owners of such temporary Global Security, except that a Person
receiving definitive Securities must bear the cost of insurance, postage,
transportation and the like unless such Person takes delivery of such definitive
Securities in person at the offices of Euroclear or
Clearstream.  Definitive Securities in bearer form to be delivered in
exchange for any portion of a temporary Global Security shall be delivered only
to an address located outside the United States.

    
      
         

      

      
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    Until
exchanged in full as hereinabove provided, the temporary Securities of any
series shall in all respects be entitled to the same benefits under this
Indenture as definitive Securities of the same series and of like tenor
authenticated and delivered hereunder, except that, unless otherwise specified
as contemplated by Section 301, interest payable on a temporary Global Security
on an Interest Payment Date for Securities of such series occurring prior to the
applicable Exchange Date shall be payable to Euroclear and Clearstream on such
Interest Payment Date upon delivery by Euroclear and Clearstream to the Trustee
of a certificate or certificates in the form set forth in Exhibit B-2 to this
Indenture (or in such other forms as may be established pursuant to Section
301), for credit without further interest on or after such Interest Payment Date
to the respective accounts of Persons who are the beneficial owners of such
temporary Global Security on such Interest Payment Date and who have each
delivered to Euroclear or Clearstream, as the case may be, a certificate dated
no earlier than 15 days prior to the Interest Payment Date occurring prior to
such Exchange Date in the form set forth as Exhibit B-1 to this
Indenture (or in such other forms as may be established pursuant to Section
301).  Notwithstanding anything to the contrary herein contained, the
certifications made pursuant to this paragraph shall satisfy the certification
requirements of the preceding two paragraphs of this Section 304(b) and of the
third paragraph of Section 303 of this Indenture and the interests of the
Persons who are the beneficial owners of the temporary Global Security with
respect to which such certification was made will be exchanged for definitive
Securities of the same series and of like tenor on the Exchange Date or the date
of certification if such date occurs after the Exchange Date, without further
act or deed by such beneficial owners.  Except as otherwise provided
in this paragraph, no payments of principal or interest owing with respect to a
beneficial interest in a temporary Global Security will be made unless and until
such interest in such temporary Global Security shall have been exchanged for an
interest in a definitive Security.  Any interest so received by
Euroclear and Clearstream and not paid as herein provided shall be returned to
the Trustee prior to the expiration of two years after such Interest Payment
Date in order to be repaid to the Company.

     

    With
respect to Exhibit B-1 or B-2 to this Indenture, the Company may, in its
discretion and if required or desirable under applicable law, substitute one or
more other forms of such exhibits for such exhibits, eliminate the requirement
that any or all certificate be provided, or change the time that any certificate
may be required, provided that such substitute
form or forms or notice of elimination or change of such certification
requirement have theretofore been delivered to the Trustee with a Company
Request and such form or forms, elimination or change is reasonably acceptable
to the Trustee.

     

    SECTION
305.            Registration, Registration
of Transfer, Conversion and Exchange.  The
Company shall cause to be kept at the Corporate Trust Office of the Trustee or
in any office or agency of the Company in a Place of Payment a register for each
series of Securities (the registers maintained in such office or in any such
office or agency of the Company in a Place of Payment being herein sometimes
referred to collectively as the “Security Register”) in which, subject to such
reasonable regulations as it may prescribe, the Company shall provide for the
registration of Registered Securities and of transfers of Registered
Securities.  The Security Register shall be in written form or any
other form capable of being converted into written form within a reasonable
time.  The Trustee, at its Corporate Trust Office, is hereby initially
appointed “Security Registrar” for the purpose of registering Registered
Securities and transfers of Registered Securities on such Security Register as
herein provided.  In the event that the Trustee shall cease to be
Security Registrar, it shall have the right to examine, and be provided a copy
of, the Security Register at all reasonable times.

    
      
         

      

      
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    Subject
to the provisions of this Section 305, upon surrender for registration of
transfer of any Registered Security of any series at any office or agency of the
Company in a Place of Payment for that series, the Company shall execute, and
the Trustee shall authenticate and deliver, in the name of the designated
transferee or transferees, one or more new Registered Securities of the same
series, of any authorized denominations and of a like aggregate principal
amount, bearing a number not contemporaneously outstanding, and containing
identical terms and provisions.

     

    Subject
to the provisions of this Section 305, at the option of the Holder, Registered
Securities of any series may be exchanged for other Registered Securities of the
same series, of any authorized denomination or denominations and of a like
aggregate principal amount, containing identical terms and provisions, upon
surrender of the Registered Securities to be exchanged at any such office or
agency.  Whenever any such Registered Securities are so surrendered
for exchange, the Company shall execute, and the Trustee shall authenticate and
deliver, the Registered Securities which the Holder making the exchange is
entitled to receive.  Unless otherwise specified with respect to any
series of Securities as contemplated by Section 301, Bearer Securities may not
be issued in exchange for Registered Securities.

     

    If (but
only if) permitted by the applicable Board Resolution and (subject to Section
303) set forth in the applicable Officers’ Certificate, or in any indenture
supplemental hereto, delivered as contemplated by Section 301, at the option of
the Holder, Bearer Securities of any series may be exchanged for Registered
Securities of the same series of any authorized denominations and of a like
aggregate principal amount and tenor, upon surrender of the Bearer Securities to
be exchanged at any such office or agency, with all unmatured coupons and all
matured coupons in default thereto appertaining.  If the Holder of a
Bearer Security is unable to produce any such unmatured coupon or coupons or
matured coupon or coupons in default, any such permitted exchange may be
effected if the Bearer Securities are accompanied by payment in funds acceptable
to the Company (or to the Trustee for the Security in case of matured coupons in
default) in an amount equal to the face amount of such missing coupon or
coupons, or the surrender of such missing coupon or coupons may be waived by the
Company and the Trustee if there is furnished to them such security or indemnity
as they may require to save each of them and any Paying Agent
harmless.  If thereafter the Holder of such Security shall surrender
to any Paying Agent any such missing coupon in respect of which such a payment
shall have been made, such Holder shall be entitled to receive the amount of
such payment; provided, however, that, except
as otherwise provided in Section 1002, interest represented by coupons shall be
payable only upon presentation and surrender of those coupons at an office or
agency located outside the United States.  Notwithstanding the
foregoing, in case a Bearer Security of any series is surrendered at any such
office or agency in a permitted exchange for a Registered Security of the same
series and like tenor after the close of business at such office or agency on
(i) any Regular Record Date and before the opening of business at such office or
agency on the relevant Interest Payment Date, or (ii) any Special Record Date
and before the opening of business at such office or agency on the related
proposed date for payment of Defaulted Interest, such Bearer Security shall be
surrendered without the coupon relating to such Interest Payment Date or
proposed date for payment, as the case may be, and interest or Defaulted
Interest, as the case may be, will not be payable on such Interest Payment Date
or proposed date for payment, as the case may be, in respect of the Registered
Security issued in exchange for such Bearer Security, but will be payable only
to the Holder of such coupon when due in accordance with the provisions of this
Indenture.  Whenever any Securities are so surrendered for exchange,
the Company shall execute, and the Trustee shall authenticate and deliver, the
Securities which the Holder making the exchange is entitled to
receive.

     

    
      
         

      

      
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    Notwithstanding
the foregoing, except as otherwise specified as contemplated by Section 301, any
permanent Global Security shall be exchangeable only as provided in this
paragraph.  If the depository for any permanent Global Security is
DTC, then, unless the terms of such Global Security expressly permit such Global
Security to be exchanged in whole or in part for definitive Securities, a Global
Security may be transferred, in whole but not in part, only to a nominee of DTC,
or by a nominee of DTC to DTC, or to a successor to DTC for such Global Security
selected or approved by the Company or to a nominee of such successor to
DTC.  If at any time DTC notifies the Company that it is unwilling or
unable to continue as depository for the applicable Global Security or
Securities or if at any time DTC ceases to be a clearing agency registered under
the Exchange Act if so required by applicable law or regulation, the Company
shall appoint a successor depository with respect to such Global Security or
Securities.  If (w) a successor depository for such Global Security or
Securities is not appointed by the Company within 90 days after the Company
receives such notice or becomes aware of such unwillingness, inability or
ineligibility, (x) the Company delivers to the Trustee for Securities of such
series in registered form a Company Order stating that the Securities of such
series shall be exchangeable, (y) an Event of Default has occurred and is
continuing and the beneficial owners representing a majority in principal amount
of the applicable series of Securities represented by such Global Security or
Securities advise DTC to cease acting as depository for such Global Security or
Securities or (z) the Company, in its sole discretion, determines at any time
that all Outstanding Securities (but not less than all) of any series issued or
issuable in the form of one or more Global Securities shall no longer be
represented by such Global Security or Securities, then the Company shall
execute, and the Trustee shall authenticate and deliver definitive Securities of
like series, rank, tenor and terms in definitive form in an aggregate principal
amount equal to the principal amount of such Global Security or
Securities.  If any beneficial owner of an interest in a permanent
global Security is otherwise entitled to exchange such interest for Securities
of such series and of like tenor and principal amount of another authorized form
and denomination, as specified as contemplated by Section 301 and provided that
any applicable notice provided in the permanent Global Security shall have been
given, then without unnecessary delay but in any event not later than the
earliest date on which such interest may be so exchanged, the Company shall
execute, and the Trustee shall authenticate and deliver definitive Securities in
aggregate principal amount equal to the principal amount of such beneficial
owner’s interest in such permanent Global Security.  On or after the
earliest date on which such interests may be so exchanged, such permanent Global
Security shall be surrendered for exchange by DTC or such other depository as
shall be specified in the Company Order with respect thereto to the Trustee, as
the Company’s agent for such purpose; provided, however, that no such
exchanges may occur during a period beginning at the opening of business 15 days
before any selection of Securities to be redeemed and ending on the relevant
Redemption Date if the Security for which exchange is requested may be among
those selected for redemption; and provided further that no
Bearer Security delivered in exchange for a portion of a permanent Global
Security shall be mailed or otherwise delivered to any location in the United
States.  If a Registered Security is issued in exchange for any
portion of a permanent Global Security after the close of business at the office
or agency where such exchange occurs on (i) any Regular Record Date and before
the opening of business at such office or agency on the relevant Interest
Payment Date, or (ii) any Special Record Date and the opening of business at
such office or agency on the related proposed date for payment of Defaulted
Interest, interest or Defaulted Interest, as the case may be, will not be
payable on such Interest Payment Date or proposed date for payment, as the case
may be, in respect of such Registered Security, but will be payable on such
Interest Payment Date or proposed date for payment, as the case may be, only to
the Person to whom interest in respect of such portion of such permanent Global
Security is payable in accordance with the provisions of this
Indenture.

    
      
         

      

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

     

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

     

    No
service charge shall be made to the Holder for any registration of transfer or
conversion or exchange of Securities, but the Company may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any registration of transfer or conversion or exchange of
Securities, other than exchanges pursuant to Section 304, 906, 1107 or 1305 not
involving any transfer.

     

    The
Company or the Trustee, as applicable, shall not be required (i) to issue,
register the transfer of or exchange any Security if such Security may be among
those selected for redemption during a period beginning at the opening of
business 15 days before selection of the Securities to be redeemed under Section
1103 and ending at the close of business on (A) if such Securities are issuable
only as Registered Securities, the day of the mailing of the relevant notice of
redemption and (B) if such Securities are issuable as Bearer Securities, the day
of the first publication of the relevant notice of redemption or, if such
Securities are also issuable as Registered Securities and there is no
publication, the mailing of the relevant notice of redemption, or (ii) to
register the transfer of or exchange any Registered Security so selected for
redemption in whole or in part, except, in the case of any Registered Security
to be redeemed in part, the portion thereof not to be redeemed, or (iii) to
exchange any Bearer Security so selected for redemption except that such a
Bearer Security may be exchanged for a Registered Security of that series and
like tenor, provided that such
Registered Security shall be simultaneously surrendered for redemption, or (iv)
to issue, register the transfer of or exchange any Security which has been
surrendered for repayment at the option of the Holder, except the portion, if
any, of such Security not to be so repaid.

     

    Furthermore,
notwithstanding any other provision of this Section 305, the Company will not be
required to exchange any Securities if, as a result of the exchange, the Company
would suffer adverse consequences under any United States law or
regulation.

    
      
         

      

      
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    SECTION
306.            Mutilated, Destroyed, Lost
and Stolen Securities.  If
any mutilated Security or a Security with a mutilated coupon appertaining to it
is surrendered to the Trustee or the Company, together with, in proper cases,
such security or indemnity as may be required by the Company or the Trustee to
save each of them or any agent of either of them harmless, the Company shall
execute and the Trustee shall authenticate and deliver in exchange therefor a
new Security of the same series and principal amount, containing identical terms
and provisions and bearing a number not contemporaneously outstanding, with
coupons corresponding to the coupons, if any, appertaining to the surrendered
Security.

     

    If there
shall be delivered to the Company and to the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Security or coupon, and
(ii) such security or indemnity as may be required by them to save each of them
and any agent of either of them harmless, then, in the absence of notice to the
Company or the Trustee that such Security or coupon has been acquired by a bona
fide purchaser, the Company shall execute and upon its request the Trustee shall
authenticate and deliver, in lieu of any such destroyed, lost or stolen Security
or in exchange for the Security to which a destroyed, lost or stolen coupon
appertains (with all appurtenant coupons not destroyed, lost or stolen), a new
Security of the same series and principal amount, containing identical terms and
provisions and bearing a number not contemporaneously outstanding, with coupons
corresponding to the coupons, if any, appertaining to such destroyed, lost or
stolen Security or to the Security to which such destroyed, lost or stolen
coupon appertains.

     

    Notwithstanding
the provisions of the previous two paragraphs, in case any such mutilated,
destroyed, lost or stolen Security or coupon has become or is about to become
due and payable, the Company in its discretion may, instead of issuing a new
Security, with coupons corresponding to the coupons, if any, appertaining to
such destroyed, lost or stolen Security or to the Security to which such
destroyed, lost or stolen coupon appertains, pay such Security or coupon if the
applicant for such payment shall furnish to the Company and the Trustee for such
Security such security or indemnity as may be required by them to save each of
them harmless, and in the case of destruction, loss or theft, evidence
satisfactory to the Company and Trustee and any agent of any of them of the
destruction, loss or theft of such Security and the ownership thereof; provided, however, that payment
of principal of (and premium or Make-Whole Amount, if any), and interest, if
any, on, Bearer Securities shall, except as otherwise provided in Section 1002,
be payable only at an office or agency located outside the United States and,
unless otherwise specified as contemplated by Section 301, any interest on
Bearer Securities shall be payable only upon presentation and surrender of the
coupons appertaining thereto.

     

    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 relation thereto and any other expenses (including the fees
and expenses of the Trustee) connected therewith.

     

    Every new
Security of any series with its coupons, if any, issued pursuant to this Section
in lieu of any destroyed, lost or stolen Security, or in exchange for a Security
to which a destroyed, lost or stolen coupon appertains, shall constitute an
original additional contractual obligation of the Company, whether or not the
destroyed, lost or stolen Security and its coupons, if any, or the destroyed,
lost or stolen coupon 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 and their coupons, if any, duly
issued hereunder.

     

    
      
         

      

      
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    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 or coupons.

     

    SECTION
307.            Payment of Interest;
Interest Rights Preserved.  Except
as otherwise specified with respect to a series of Securities in accordance with
the provisions of Section 301, interest on any Registered 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 that Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest payment at the office or agency of the Company
maintained for such purpose pursuant to Section 1002; provided, however, that each
installment of interest on any Registered Security may at the Company’s option
be paid by (i) mailing a check for such interest, payable to or upon the written
order of the Person entitled thereto pursuant to Section 308, to the address of
such Person as it appears on the Security Register or (ii) transfer to an
account maintained by the payee located inside the United States.

     

    Unless
otherwise provided as contemplated by Section 301 with respect to the Securities
of any series, payment of interest may be made, in the case of a Bearer
Security, by transfer to an account maintained by the payee with a bank located
outside the United States.

     

    Unless
otherwise provided as contemplated by Section 301, every permanent Global
Security will provide that interest, if any, payable on any Interest Payment
Date will be paid to DTC, Euroclear and/or Clearstream, as the case may be, with
respect to that portion of such permanent Global Security held for its account
by Cede & Co. or the Common Depository, as the case may be, for the purpose
of permitting such party to credit the interest received by it in respect of
such permanent Global Security to the accounts of the beneficial owners
thereof.

     

    In case a
Bearer Security of any series is surrendered in exchange for a Registered
Security of such series after the close of business (at an office or agency in a
Place of Payment for such series) on any Regular Record Date and before the
opening of business (at such office or agency) on the next succeeding Interest
Payment Date, such Bearer Security shall be surrendered without the coupon
relating to such Interest Payment Date and interest will not be payable on such
Interest Payment Date in respect of the Registered Security issued in exchange
for such Bearer Security, but will be payable only to the Holder of such coupon
when due in accordance with the provisions of this Indenture.

     

    Except as
otherwise specified with respect to a series of Securities in accordance with
the provisions of Section 301, any interest on any Registered Security of any
series 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 registered Holder thereof on the relevant Regular Record
Date by virtue of having been such Holder, and such Defaulted Interest may be
paid by the Company, at its election in each case, as provided in clause (1) or
(2) below:

    
      
         

      

      
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    (1)           The
Company may elect to make payment of any Defaulted Interest to the Persons in
whose names the Registered Securities of such series (or their respective
Predecessor Securities) are registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest, 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 Registered
Security of such series and the date of the proposed payment (which shall not be
less than 20 days after such notice is received by the Trustee), and at the same
time the Company shall deposit with the Trustee an amount of money in the
currency or currencies, currency unit or units or composite currency or
currencies in which the Securities of such series are payable (except as
otherwise specified pursuant to Section 301 for the Securities of such series)
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
on or 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 days and not less than 10 days prior to the date of the proposed payment
and not less than 10 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 each
Holder of Registered Securities of such series at his address as it appears in
the Security Register not less than 10 days prior to such Special Record
Date.  The Trustee may, in its discretion, in the name and at the
expense of the Company, cause a similar notice to be published at least once in
an Authorized Newspaper in each Place of Payment, but such publications shall
not be a condition precedent to the establishment of 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 the Registered Securities
of such series (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 (2).  In case a Bearer Security of
any series is surrendered at the office or agency in a Place of Payment for such
series in exchange for a Registered Security of such series after the close of
business at such office or agency on any Special Record Date and before the
opening of business at such office or agency on the related proposed date for
payment of Defaulted Interest, such Bearer Security shall be surrendered without
the coupon relating to such proposed date of payment and Defaulted Interest will
not be payable on such proposed date of payment in respect of the Registered
Security issued in exchange for such Bearer Security, but will be payable only
to the Holder of such coupon when due in accordance with the provisions of this
Indenture.

     

    (2)           The
Company may make payment of any Defaulted Interest on the Registered Securities
of any series in any other lawful manner not inconsistent with the requirements
of any over-the-counter market or securities exchange on which such Securities
may be quoted or listed, and upon such notice as may be required by such market
or 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.

     

    
      
         

      

      
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    Subject
to the foregoing provisions of this Section and Section 305, each Security
delivered under this Indenture upon registration of transfer of or upon
conversion of or in exchange for or in lieu of any other Security shall carry
the rights to interest accrued and unpaid, and to accrue, which were carried by
such other Security.

     

    SECTION
308.            Persons Deemed
Owners.  Prior
to due presentment of a Registered Security for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name such Registered Security is registered as the owner of such
Security for the purpose of receiving payment of principal of (and premium or
Make-Whole Amount, if any), and (subject to Sections 305 and 307) interest on,
such Registered Security and for all other purposes whatsoever, whether or not
such Registered 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 such payments so made to any such Person, or upon such
Person’s order, shall be valid, and, to the extent of the sum or sums so paid,
effectual to satisfy and discharge the liability for money payable upon any such
Security.

     

    Title to
any Bearer Security and any coupons appertaining thereto shall pass by
delivery.  The Company, the Trustee and any agent of the Company or
the Trustee may treat the Holder of any Bearer Security and the Holder of any
coupon as the absolute owner of such Security or coupon for the purpose of
receiving payment thereof or on account thereof and for all other purposes
whatsoever, whether or not such Security or coupon 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.

     

    No holder
of any beneficial interest in any Global Security held on its behalf by a
depository shall have any rights under this Indenture with respect to such
Global Security and such depository (which is the Holder of such security) shall
be treated by the Company, the Trustee, and any agent of the Company or the
Trustee as the owner of such Global Security for all purposes
whatsoever.   None of the Company, the Trustee, any Paying Agent
or the Security Registrar will have any responsibility or liability for any
aspect of the records relating to or payments made on account of beneficial
ownership interests of a Global Security or for maintaining, supervising or
reviewing any records relating to such beneficial ownership
interests.

     

    Notwithstanding
the foregoing, with respect to any Global Security, nothing herein shall prevent
the Company, the Trustee, or any agent of the Company or the Trustee, from
giving effect to any written certification, proxy or other authorization
furnished by any depository, as a Holder, with respect to such Global Security
or impair, as between such depository and owners of beneficial interests in such
Global Security, the operation of customary practices governing the exercise of
the rights of such depository (or its nominee) as Holder of such Global
Security.

    
      
         

      

      
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    SECTION
309.            Cancellation.  All
Securities and coupons surrendered for payment, redemption, repayment at the
option of the Holder, registration of transfer or conversion or exchange or for
credit against any sinking fund payment shall, if surrendered to any Person
other than the Trustee, be delivered to the Trustee, and any such Securities and
coupons and Securities and coupons surrendered directly to the Trustee for any
such purpose, upon direction by the Company, shall be promptly cancelled by
it.  The Company may at any time deliver to the Trustee for
cancellation any Securities previously authenticated and delivered hereunder
which the Company may have acquired in any manner whatsoever, and may deliver to
the Trustee (or to any other Person for delivery to the Trustee) for
cancellation any Securities previously authenticated hereunder which the Company
has not issued and sold, and all Securities so delivered shall be promptly
cancelled by the Trustee.  If the Company shall so acquire any of the
Securities, however, such acquisition shall not operate as a redemption or
satisfaction of the indebtedness represented by such Securities unless and until
the same are surrendered to the Trustee for cancellation.  No
Securities shall be authenticated in lieu of or in exchange for any Securities
cancelled as provided in this Section, except as expressly permitted by this
Indenture.  Cancelled Securities and coupons held by the Trustee shall
be disposed of by the Trustee in accordance with its customary practices
(subject to the record retention requirements of the Exchange Act).

     

    SECTION
310.            Computation of
Interest.  Except
as otherwise specified as contemplated by Section 301 with respect to Securities
of any series, interest on the Securities of each series shall be computed on
the basis of a 360-day year consisting of twelve 30-day months.

     

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

     

    ARTICLE
FOUR - SATISFACTION AND DISCHARGE

     

    SECTION
401.            Satisfaction and Discharge
of Indenture.  This
Indenture shall upon Company Request cease to be of further effect with respect
to any series of Securities specified in such Company Request (except as to any
surviving rights of registration of transfer or conversion or exchange of
Securities of such series herein expressly provided for), and the Trustee, upon
receipt of a Company Order, and at the expense of the Company, shall execute
instruments in form and substance satisfactory to the Trustee and the Company
acknowledging satisfaction and discharge of this Indenture as to such series
when

     

    (1)           either

     

    (A)           all
Securities of such series theretofore authenticated and delivered and all
coupons, if any, appertaining thereto (other than (i) coupons appertaining to
Bearer Securities surrendered for exchange for Registered Securities and
maturing after such exchange, whose surrender is not required or has been waived
as provided in Section 305, (ii) Securities and coupons of such series which
have been destroyed, lost or stolen and which have been replaced or paid as
provided in Section 306, (iii) coupons appertaining to Securities called for
redemption and maturing after the relevant Redemption Date, whose surrender has
been waived as provided in Section 1106, and (iv) Securities and coupons of such
series 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 1003) have been delivered
to the Trustee for cancellation; or

    
      
         

      

      
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    (B)           all
Securities of such series and, in the case of (i) or (ii) below, any coupons
appertaining thereto not theretofore delivered to the Trustee for
cancellation

     

    (i)         
   have become due and payable, or

     

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

     

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

     

    and the
Company, in the case of (i), (ii) or (iii) above, has irrevocably deposited or
caused to be deposited with the Trustee as trust funds in trust for the purpose
an amount in the currency or currencies, currency unit or units or composite
currency or currencies in which the Securities of such series are payable,
sufficient to pay and discharge the entire indebtedness on such Securities and
such coupons not theretofore delivered to the Trustee for cancellation, for
principal (and premium or Make-Whole Amount, if any) and interest to the date of
such deposit (in the case of Securities which have become due and payable) or to
the Stated Maturity or Redemption Date, as the case may be;

     

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

     

    (3)           the
Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating
to the satisfaction and discharge of this Indenture as to such series have been
complied with.

     

    Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the Company
to the Trustee and any predecessor Trustee under Section 606, the obligations of
the Company to any Authenticating Agent under Section 611 and, if money shall
have been deposited with and held by the Trustee pursuant to subclause (B) of
clause (1) of this Section, the obligations of the Trustee under Section 402 and
the last paragraph of Section 1003 shall survive such satisfaction and
discharge.

     

    SECTION
402.            Application of Trust
Funds.  Subject
to the provisions of the last paragraph of Section 1003, all money deposited
with the Trustee pursuant to Section 401 shall be held in trust and applied by
it, in accordance with the provisions of the Securities, the coupons and this
Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Persons entitled thereto, of the principal (and premium or
Make-Whole Amount, if any), and any interest for whose payment such money has
been deposited with or received by the Trustee, but such money need not be
segregated from other funds except to the extent required by
law.

    
      
         

      

      
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    ARTICLE
FIVE - REMEDIES

     

    SECTION
501.            Events of
Default.  “Event
of Default,” wherever used herein with respect to any particular series of
Securities, means any one of the following events (whatever the reason for such
Event of Default and whether or not it shall be voluntary or involuntary or be
effected by operation of law or pursuant to any judgment, decree or order of any
court or any order, rule or regulation of any administrative or governmental
body):

     

    (1)           default
in the payment of any interest on any Security of that series or of any coupon
appertaining thereto, when such interest or coupon becomes due and payable, and
continuance of such default for a period of 30 days; or

     

    (2)           default
in the payment of the principal of (or premium or Make-Whole Amount, if any, on)
any Security of that series when it becomes due and payable at its Maturity;
or

     

    (3)           default
in the deposit of any sinking fund payment, to the extent applicable to such
series of Securities, when and as due by the terms of any Security of that
series; or

     

    (4)           default
in the performance, or breach, of any covenant or warranty of the Company in
this Indenture with respect to any Security of that series (other than a
covenant or warranty a default in whose performance or whose breach is elsewhere
in this Section specifically dealt with or which has expressly been included in
this Indenture solely for the benefit of a series of Securities other than that
series), and continuance of such default or breach for a period of 60 days after
there has been given, by registered or certified mail, to the Company by the
Trustee or to the Company and the Trustee by the Holders of at least 25% in
principal amount of the Outstanding Securities of that series a written notice
specifying such default or breach and requiring it to be remedied and stating
that such notice is a “Notice of Default” hereunder; or

     

    (5)           default
under any bond, debenture, note, mortgage, indenture or instrument under which
there may be issued or by which there may be secured or evidenced any
indebtedness for money borrowed by the Company (or by any Subsidiary, the
repayment of which the Company has guaranteed or for which the Company is
directly responsible or liable as obligor or guarantor), having an aggregate
principal amount outstanding of at least $30,000,000, whether such indebtedness
now exists or shall hereafter be created, which default shall have resulted in
such indebtedness becoming or being declared due and payable prior to the date
on which it would otherwise have become due and payable, without such
indebtedness having been discharged, or such acceleration having been rescinded
or annulled, within a period of 30 days after there shall have been given, by
registered or certified mail, to the Company by the Trustee or to the Company
and the Trustee by the Holders of at least 10% in principal amount of the
Outstanding Securities of that series a written notice specifying such default
and requiring the Company to cause such indebtedness to be discharged or cause
such acceleration to be rescinded or annulled and stating that such notice is a
“Notice of Default” hereunder; provided, however, that,
subject to the provisions of Sections 601 and 602, the Trustee shall not be
deemed to have knowledge of such default unless either (A) a Responsible
Officer of the Trustee shall have knowledge of such default or (B) the
Trustee shall have received written notice thereof from the Company, from any
Holder, from the holder of any such indebtedness or from the trustee under any
such mortgage, indenture or other instrument; or

     

    
      
         

      

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

     

    (A)           commences
a voluntary case,

     

    (B)           consents
to the entry of an order for relief against it in an involuntary
case,

     

    (C)           consents
to the appointment of a Custodian of it or for all or substantially all of its
property, or

     

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

     

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

     

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

     

    (B)           appoints
a Custodian of the Company or any Significant Subsidiary or for all or
substantially all of either of its property, or

     

    (C)           orders
the liquidation of the Company or any Significant Subsidiary, and the order or
decree remains unstayed and in effect for 90 days; or

     

    (8)         any
other Event of Default provided with respect to Securities of that
series.

     

    As used
in this Section 501, the term “Bankruptcy Law” means title 11, U.S. Code or any
similar Federal or state law for the relief of debtors and the term “Custodian”
means any receiver, trustee, assignee, liquidator or other similar official
under any Bankruptcy Law.

     

    SECTION
502.            Acceleration of Maturity;
Rescission and Annulment.  If
an Event of Default with respect to Securities of any series at the time
Outstanding occurs and is continuing, then and in every such case the Trustee or
the Holders of not less than 25% in principal amount of the Outstanding
Securities of that series may declare the principal amount (or, if Securities of
that Series are Original Issue Discount Securities or Indexed Securities, such
portion of the principal as may be specified in the terms thereof) of all the
Securities of that series to be due and payable immediately, by a notice in
writing to the Company (and to the Trustee if given by the Holders), and upon
any such declaration such principal or specified portion thereof shall become
immediately due and payable.

    
      
         

      

      
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    At any
time after such a declaration of acceleration with respect to Securities of any
series has been made and before a judgment or decree for payment of the money
due has been obtained by the Trustee as hereinafter in this Article provided,
the Holders of a majority in principal amount of the Outstanding Securities of
that series, by written notice to the Company and the Trustee, may rescind and
annul such declaration of acceleration and its consequences if:

     

    (1)         the
Company has paid or deposited with the Trustee a sum sufficient to pay in the
currency, currency unit or composite currency in which the Securities of such
series are payable (except as otherwise specified pursuant to Section 301 for
the Securities of such series):

     

    (A)           all
overdue installments of interest on all Outstanding Securities of that series
and any related coupons,

     

    (B)           the
principal of (and premium or Make-Whole Amount, if any, on) any Outstanding
Securities of that series which have become due otherwise than by such
declaration of acceleration and interest thereon at the rate or rates borne by
or provided for in such Securities,

     

    (C)           to
the extent that payment of such interest is lawful, interest upon overdue
installments of interest at the rate or rates borne by or provided for in such
Securities, and

     

    (D)           all
sums paid or advanced by the Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel;
and

     

    (2)         all
Events of Default with respect to Securities of that series, other than the
nonpayment of the principal of (or premium or Make-Whole Amount, if any) or
interest on Securities of that series which have become due solely by such
declaration of acceleration, have been cured or waived as provided in Section
513.

     

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

     

    SECTION
503.            Collection of Indebtedness
and Suits for Enforcement by Trustee.  The
Company covenants that if:

     

    (1)         default
is made in the payment of any installment of interest on any Security of any
series and any related coupon when such interest becomes due and payable and
such default continues for a period of 30 days, or

     

    (2)         default
is made in the payment of the principal of (or premium or Make-Whole Amount, if
any, on) any Security of any series at its Maturity,

     

    then the
Company will, upon demand of the Trustee, pay to the Trustee, for the benefit of
the Holders of such Securities of such series and coupons, the whole amount then
due and payable on such Securities and coupons for principal (and premium or
Make-Whole Amount, if any) and interest, with interest upon any overdue
principal (and premium or Make-Whole Amount, if any) and, to the extent that
payment of such interest shall be legally enforceable, upon any overdue
installments of interest at the rate or rates borne by or provided for in such
Securities, and, in addition thereto, such further amount as shall be sufficient
to cover the costs and expenses of collection, including the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel.

    
      
         

      

      
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    If the
Company fails to pay such amounts forthwith upon such demand, the Trustee, in
its own name and as trustee of an express trust, may institute a judicial
proceeding for the collection of the sums so due and unpaid, and may prosecute
such proceeding to judgment or final decree, and may enforce the same against
the Company or any other obligor upon such Securities of such series and collect
the moneys adjudged or decreed to be payable in the manner provided by law out
of the property of the Company or any other obligor upon such Securities of such
series, wherever situated.

     

    If an
Event of Default with respect to Securities of any series occurs and is
continuing, the Trustee may in its discretion proceed to protect and enforce its
rights and the rights of the Holders of Securities of such series and any
related coupons by such appropriate judicial proceedings as the Trustee shall
deem necessary to protect and enforce any such rights, whether for the specific
enforcement of any covenant or agreement in this Indenture or in aid of the
exercise of any power granted herein, or to enforce any other proper
remedy.

     

    SECTION
504.            Trustee May File Proofs of
Claim.  In case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to the Company or any other
obligor upon the Securities or the property of the Company or of such other
obligor or their creditors, the Trustee (irrespective of whether the principal
of the Securities of any series shall then be due and payable as therein
expressed or by declaration or otherwise and irrespective of whether the Trustee
shall have made any demand on the Company for the payment of overdue principal,
premium or Make-Whole Amount, if any, or interest) shall be entitled and
empowered, by intervention in such proceeding or otherwise:

     

     (i)     
    to file and prove a claim for the whole amount, or such
lesser amount as may be provided for in the Securities of such series, of
principal (and premium or Make-Whole Amount, if any) and interest owing and
unpaid in respect of the Securities and to file such other papers or documents
as may be necessary or advisable in order to have the claims of the Trustee
(including any claim for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel) and of the Holders allowed
in such judicial proceeding, and

     

     (ii)     
   to collect and receive any moneys or other property payable or
deliverable on any such claims and to distribute the same;

     

    and any
custodian, receiver, assignee, trustee, liquidator, sequestrator (or other
similar official) in any such judicial proceeding is hereby authorized by each
Holder of Securities of such series and coupons to make such payments to the
Trustee, and in the event that the Trustee shall consent to the making of such
payments directly to the Holders, to pay to the Trustee any amount due to it for
the reasonable compensation, expenses, disbursements and advances of the Trustee
and any predecessor Trustee, their agents and counsel, and any other amounts due
the Trustee or any predecessor Trustee under Section 606.

    
      
         

      

      
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    Nothing
herein contained shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder of a Security or coupon
any plan of reorganization, arrangement, adjustment or composition affecting the
Securities or coupons or the rights of any Holder thereof, or to authorize the
Trustee to vote in respect of the claim of any Holder of a Security or coupon in
any such proceeding.

     

    In any
proceedings brought by the Trustee (and also any proceedings involving the
interpretation of any provision of this Indenture to which the Trustee shall be
a party) the Trustee shall be held to represent all the Holders of the
Securities, and it shall not be necessary to make any Holders of the Securities
parties to any such proceedings.

     

    SECTION
505.            Trustee May Enforce Claims
Without Possession of Securities or Coupons.  All rights of action and claims
under this Indenture or any of the Securities or coupons may be prosecuted and
enforced by the Trustee without the possession of any of the Securities or
coupons or the production thereof in any proceeding relating thereto, and any
such proceeding instituted by the Trustee shall be brought in its own name as
trustee of an express trust, and any recovery of judgment shall, after provision
for the payment of the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, be for the ratable benefit of
the Holders of the Securities and coupons in respect of which such judgment has
been recovered.

     

    SECTION
506.            Application of Money
Collected.  Any money
collected by the Trustee pursuant to this Article shall be applied in the
following order, at the date or dates fixed by the Trustee and, in case of the
distribution of such money on account of principal (or premium or Make-Whole
Amount, if any) or interest, upon presentation of the Securities or coupons, or
both, as the case may be, and the notation thereon of the payment if only
partially paid and upon surrender thereof if fully paid:

     

    FIRST:  To
the payment of all amounts due the Trustee and any predecessor Trustee under
Section 606;

     

    SECOND:  To
the payment of the amounts then due and unpaid upon the Securities and coupons
for principal (and premium or Make-Whole Amount, if any) and interest, in
respect of which or for the benefit of which such money has been collected,
ratably, without preference or priority of any kind, according to the aggregate
amounts due and payable on such Securities and coupons for principal (and
premium or Make-Whole Amount, if any) and interest, respectively;
and

     

    THIRD:  To
the payment of the remainder, if any, to the Company.

     

    SECTION
507.            Limitation on
Suits.  No Holder of any
Security of any series or any related coupon shall have any right to institute
any proceeding, judicial or otherwise, with respect to this Indenture, or for
the appointment of a receiver or trustee, or for any other remedy hereunder,
unless:

     

    (1)           such
Holder has previously given written notice to the Trustee of a continuing Event
of Default with respect to the Securities of that series;

    
      
         

      

      
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    (2)           the
Holders of not less than 25% in principal amount of the Outstanding Securities
of that series shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default in its own name as Trustee
hereunder;

     

    (3)           such
Holder or Holders have offered to the Trustee indemnity reasonably satisfactory
to the Trustee against the costs, expenses and liabilities to be incurred in
compliance with such request;

     

    (4)           the
Trustee for 60 days after its receipt of such notice, request and offer of
indemnity has failed to institute any such proceeding; and

     

    (5)           no
direction inconsistent with such written request has been given to the Trustee
during such 60-day period by the Holders of a majority in principal amount of
the Outstanding Securities of that series;

     

    it being
understood and intended that no one or more of such Holders shall have any right
in any manner whatever by virtue of, or by availing of, any provision of this
Indenture to affect, disturb or prejudice the rights of any other of such
Holders, or to obtain or to seek to obtain priority or preference over any other
of such Holders or to enforce any right under this Indenture, except in the
manner herein provided and for the equal and ratable benefit of all such
Holders.

     

    SECTION
508.            Unconditional Right of
Holders to Receive Principal, Premium or Make-Whole Amount, if any, and
Interest.  Notwithstanding
any other provision in this Indenture, the Holder of any Security or coupon
shall have the right which is absolute and unconditional to receive payment of
the principal of (and premium or Make-Whole Amount, if any) and (subject to
Sections 305 and 307) interest on such Security or payment of such coupon on the
respective due dates expressed in such Security or coupon (or, in the case of
redemption, on the Redemption Date) and to institute suit for the enforcement of
any such payment, and such rights shall not be impaired without the consent of
such Holder.

     

    SECTION
509.            Restoration of Rights and
Remedies.  If the Trustee
or any Holder of a Security or coupon has instituted any proceeding to enforce
any right or remedy under this Indenture and such proceeding has been
discontinued or abandoned for any reason, or has been determined adversely to
the Trustee or to such Holder, then and in every such case, the Company, the
Trustee and the Holders of Securities and coupons shall, subject to any
determination in such proceeding, be restored severally and respectively to
their former positions hereunder and thereafter all rights and remedies of the
Trustee and the Holders shall continue as though no such proceeding had been
instituted.

     

    SECTION
510.            Rights and Remedies
Cumulative.  Except as
otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities or coupons in the last paragraph of Section
306, no right or remedy herein conferred upon or reserved to the Trustee or to
the Holders of Securities or coupons is intended to be exclusive of any other
right or remedy, and every right and remedy shall, to the extent permitted by
law, be cumulative and in addition to every other right and remedy given
hereunder or now or hereafter existing at law or in equity or
otherwise.  The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy.

    
      
         

      

      
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    SECTION
511.            Delay or Omission Not
Waiver.  No delay or
omission of the Trustee or of any Holder of any Security or coupon to exercise
any right or remedy accruing upon any Event of Default shall impair any such
right or remedy or constitute a waiver of any such Event of Default or an
acquiescence therein.  Every right and remedy given by this Article or
by law to the Trustee or to the Holders may be exercised from time to time, and
as often as may be deemed expedient, by the Trustee or by the Holders of
Securities or coupons, as the case may be.

     

    SECTION
512.            Control by Holders of
Securities.  The Holders
of not less than a majority in principal amount of the Outstanding Securities of
any series shall have the right to direct the time, method and place of
conducting any proceeding for any remedy available to the Trustee or exercising
any trust or power conferred on the Trustee with respect to the Securities of
such series, provided
that:

     

    (1)           such
direction shall not be in conflict with any rule of law or with this
Indenture,

     

    (2)           the
Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction, and

     

    (3)           the
Trustee need not take any action which might involve it in personal liability or
be unduly prejudicial to the Holders of Securities of such series not joining
therein.

     

    Nothing
in this Indenture shall impair the right of the Trustee in its discretion to
take any action deemed proper by the Trustee and which is not inconsistent with
such direction by Holders.

     

    SECTION
513.            Waiver of Past
Defaults.  The Holders of
not less than a majority in principal amount of the Outstanding Securities of
any series may on behalf of the Holders of all the Securities of such series and
any related coupons waive any past default hereunder with respect to such series
and its consequences, except a default

     

    (1)           in
the payment of the principal of (or premium or Make-Whole Amount, if any) or
interest on any Security of such series or any related coupons, or

     

    (2)           in
respect of a covenant or provision hereof which under Article Nine cannot be
modified or amended without the consent of the Holder of each Outstanding
Security of such series affected; or

     

    (3)           in
respect of a covenant or provision hereof for the benefit or protection of the
Trustee, without its express written consent.

     

    Upon any
such waiver, such default shall cease to exist, and any Event of Default arising
therefrom shall be deemed to have been cured, for every purpose of this
Indenture; but no such waiver shall extend to any subsequent or other default or
Event of Default or impair any right consequent thereon.

    
      
         

      

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

     

    SECTION
515.            Undertaking for
Costs.  All parties to
this Indenture agree, and each Holder of any Security by his acceptance thereof
shall be deemed to have agreed, that any court may in its discretion require, in
any suit for the enforcement of any right or remedy under this Indenture, or in
any suit against the Trustee for any action taken or omitted by it as Trustee,
the filing by any party litigant in such suit of an undertaking to pay the costs
of such suit, and that such court may in its discretion assess reasonable costs,
including reasonable attorneys’ fees and expenses, against any party litigant in
such suit having due regard to the merits and good faith of the claims or
defenses made by such party litigant; but the provisions of this Section shall
not apply to any suit instituted by the Trustee, to any suit instituted by any
Holder, or group of Holders, holding in the aggregate more than 10% in principal
amount of the Outstanding Securities of any series, or to any suit instituted by
any Holder for the enforcement of the payment of the principal of (or premium or
Make-Whole Amount, if any) or interest on any Security on or after the
respective Stated Maturities expressed in such Security (or, in the case of
redemption, on or after the Redemption Date).

     

    ARTICLE
SIX - THE TRUSTEE

     

    SECTION
601.            Notice of
Defaults.  Within 90 days
after the occurrence of any default hereunder with respect to the Securities of
any series, the Trustee shall transmit in the manner and to the extent provided
in TIA Section 313(c), notice of such default hereunder known to the Trustee,
unless such default shall have been cured or waived; provided, however, that, except
in the case of a default in the payment of the principal of (or premium or
Make-Whole Amount, if any) or interest on any Security of such series, or in the
payment of any sinking or purchase fund installment with respect to the
Securities of such series, the Trustee shall be protected in withholding such
notice if and so long as the board of directors, the executive committee, or a
trust committee of directors and/or Responsible Officers of the Trustee in good
faith determine that the withholding of such notice is in the interests of the
Holders of the Securities and coupons of such series; and provided further that in the
case of any default or breach of the character specified in Section 501(4) with
respect to the Securities and coupons of such series, no such notice to Holders
shall be given until at least 60 days after the occurrence
thereof.  For the purpose of this Section, the term “default” means
any event which is, or after notice or lapse of time or both would become, an
Event of Default with respect to the Securities of such series.

     

    SECTION
602.            Certain Rights of
Trustee.  Subject to the
provisions of TIA Section 315(a) through 315(d):

     

    (1)           the
Trustee may conclusively rely and shall be fully protected in acting or
refraining from acting upon any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture,
note, coupon or other paper or document (whether in its original or facsimile
form) reasonably believed by it to be genuine and to have been signed or
presented by the proper party or parties;

    
      
         

      

      
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    (2)           any
request or direction of the Company mentioned herein shall be sufficiently
evidenced by a Company Request or Company Order (other than delivery of any
Security, together with any coupons appertaining thereto, to the Trustee for
authentication and delivery pursuant to Section 303 which shall be sufficiently
evidenced as provided therein) and any resolution of the Board of Directors may
be sufficiently evidenced by a Board Resolution;

     

    (3)           whenever
in the administration of this Indenture the Trustee shall deem it desirable that
a matter be proved or established prior to taking, suffering or omitting any
action hereunder, the Trustee (unless other evidence be herein specifically
prescribed) may, in the absence of bad faith on its part, rely upon an Officers’
Certificate;

     

    (4)           the
Trustee may consult with counsel of its own selection and the written advice of
such counsel or any Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken, suffered or omitted by it
hereunder in good faith and in reliance thereon;

     

    (5)           the
Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request or direction of any of the Holders
of Securities of any series or any related coupons pursuant to this Indenture,
unless such Holders shall have offered to the Trustee security or indemnity
reasonably satisfactory to the Trustee against the costs, expenses and
liabilities which might be incurred by it in compliance with such request or
direction;

     

    (6)           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, coupon or
other paper or document, unless requested in writing so to do by the Holders of
not less than a majority in aggregate principal amount of the Outstanding
Securities of any series; provided that, if the
payment within a reasonable time to the Trustee of the costs, expenses or
liabilities likely to be incurred by it in the making of such investigation is,
in the opinion of the Trustee, not reasonably assured to the Trustee by the
security afforded to it by the terms of this Indenture, the Trustee may require
reasonable indemnity against such expenses or liabilities as a condition to
proceeding; the reasonable expenses of every such examination shall be paid by
the Holders or, if paid by the Trustee, shall be repaid by the Holders upon
demand.  The Trustee, in its discretion, may make such further inquiry
or investigation into such facts or matters as it may see fit, and, if the
Trustee shall determine to make such further inquiry or investigation, it shall
be entitled to examine the books, records and premises of the Company, relevant
to the facts or matters that are the subject of its inquiry, personally or by
agent or attorney at the expense of the Company and shall incur no liability or
additional liability of any kind by reason of such inquiry or
investigation;

     

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

    
      
         

      

      
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    (8)           the
Trustee shall not be liable for any action taken, suffered or omitted by it in
good faith and reasonably believed by it to be authorized or within the
discretion or rights or powers conferred upon it by this Indenture;

     

    (9)           any
permissive right or power available to the Trustee under this Indenture or any
supplement hereto shall not be construed to be a mandatory duty or
obligation;

     

    (10)           the
Trustee shall not be charged with knowledge of any matter (including any
default, other than as described in Section 501(1), (2) or (3)) unless and
except to the extent actually known to a Responsible Officer of the Trustee or
to the extent written notice thereof is received by the Trustee at the Corporate
Trust Office;

     

    (11)           the
Trustee shall have no liability for any inaccuracy in the books and records of,
or for any actions or omissions of, DTC, Euroclear or Clearstream or any
depository acting on behalf of any of them;

     

    (12)           the
rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and
shall be enforceable by, the Trustee in each of its capacities hereunder, and
each agent, custodian and other Person employed by the Trustee to act hereunder;
and

     

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

     

    The
Trustee shall not be required to expend or risk its own funds or otherwise 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.

     

    Except
during the continuance of an Event of Default, the Trustee undertakes to perform
only such duties as are specifically set forth in this Indenture, and no implied
covenants or obligations shall be read into this Indenture against the
Trustee.

     

    SECTION
603.            Not Responsible for Recitals
or Issuance of Securities.  The recitals contained herein and in
the Securities, except the Trustee’s certificate of authentication, and in any
coupons shall be taken as the statements of the Company, and neither the Trustee
nor any Authenticating Agent assumes any responsibility for their
correctness.  The Trustee makes no representations as to the validity
or sufficiency of this Indenture or of the Securities or coupons, except that
the Trustee represents that it is duly authorized to execute and deliver this
Indenture, authenticate the Securities and perform its obligations
hereunder.  Neither the Trustee nor any Authenticating Agent shall be
accountable for the use or application by the Company of Securities or the
proceeds thereof.  The Trustee shall have no responsibility with
respect to any information, statement or recital in any offering prospectus or
other disclosure materials prepared or distributed with respect to the
Securities.

    
      
         

      

      
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    SECTION
604.            May Hold
Securities.  The Trustee,
any Paying Agent, Security Registrar, Authenticating Agent or any other agent of
the Company, in its individual or any other capacity, may become the owner or
pledgee of Securities and coupons and, subject to TIA Sections 310(b) and 311,
may otherwise deal with the Company with the same rights it would have if it
were not Trustee, Paying Agent, Security Registrar, Authenticating Agent or such
other agent.

     

    SECTION
605.            Money Held in
Trust.  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 in
writing with the Company.

     

    SECTION
606.            Compensation and
Reimbursement.  The
Company agrees:

     

    (1)           to
pay to the Trustee as agreed upon in writing from time to time reasonable
compensation for all services rendered by it hereunder (which compensation shall
not be limited by any provision of law in regard to the compensation of a
trustee of an express trust);

     

    (2)           except
as otherwise expressly provided herein, to reimburse each of the Trustee and any
predecessor Trustee upon its request for all reasonable expenses, and
disbursements incurred by the Trustee in accordance with any provision of this
Indenture (including the reasonable compensation and the reasonable expenses and
disbursements of its agents and counsel), except any such expense or
disbursement as shall be determined to have been caused by its own negligence,
willful misconduct or bad faith; and

     

    (3)           to
indemnify each of the Trustee and any predecessor Trustee for, and to hold it
harmless against, any loss, liability, claim, damage or expense incurred without
negligence, willful misconduct or bad faith on its part, arising out of or in
connection with the acceptance or administration of the trust or trusts
hereunder, including 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.

     

    When the
Trustee incurs expenses or renders services in connection with an Event of
Default specified in Section 501(7) or Section 501(8), the expenses (including
the reasonable charges and expenses of its counsel) and the compensation for the
services are intended to constitute expenses of administration under any
applicable Federal or state bankruptcy, insolvency or other similar
law.

     

    As
security for the performance of the obligations of the Company under this
Section, the Trustee shall have a lien for payment of the Trustee’s fees and
expenses prior to the Securities upon all property and funds held or collected
by the Trustee as such, except funds held in trust for the payment of principal
of (or premium or Make-Whole Amount, if any) or interest on particular
Securities or any coupons.

     

    The
provisions of this Section shall survive the termination of this Indenture and
the resignation or removal of the Trustee.

    
      
         

      

      
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    SECTION
607.            Corporate Trustee Required;
Eligibility; Conflicting Interests.  There shall at all times be a
Trustee hereunder which shall be eligible to act as Trustee under TIA Section
310(a)(1) and shall have at all times a combined capital and surplus of at least
$50,000,000 (or which shall have a combined capital and surplus of at least
$10,000,000 and whose ultimate parent holding company shall have a combined
capital and surplus of at least $50,000,000.  If the Trustee publishes
reports of condition at least annually, pursuant to law or the requirements of
Federal, state, territorial or District of Columbia supervising or examining
authority, then for the purposes of this Section, the combined capital and
surplus of the Trustee 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 the Trustee shall cease to be eligible in accordance with the
provisions of this Section, it shall resign immediately in the manner and with
the effect hereinafter specified in this Article.  Neither the Company
nor any Person directly or indirectly controlling, controlled by, or under
common control with the Company shall serve as Trustee.

     

    SECTION
608.            Resignation and Removal;
Appointment of Successor.

     

    (a)           No
resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of
appointment by the successor Trustee in accordance with the applicable
requirements of Section 609.

     

    (b)           The
Trustee may resign at any time with respect to the Securities of one or more
series by giving written notice thereof to the Company.  If an
instrument of acceptance by a successor Trustee shall not have been delivered to
the Trustee within 60 days after the giving of such notice of resignation, the
resigning Trustee may petition, at the expense of the Company, any court of
competent jurisdiction for the appointment of a successor Trustee.

     

    (c)           The
Trustee may be removed at any time with respect to the Securities of any series
by Act of the Holders of a majority in principal amount of the Outstanding
Securities of such series delivered to the Trustee and to the
Company.  If an instrument of acceptance by a successor Trustee shall
not have been delivered to the Trustee within 60 days after the giving of such
notice of resignation, the resigning Trustee may petition, at the expense of the
Company, any court of competent jurisdiction for the appointment of a successor
Trustee.

     

    (d)           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 of a Security who has
been a bona fide Holder of a Security for at least six months, or

     

    (2)           the
Trustee shall cease to be eligible under Section 607 and shall fail to resign
after written request therefor by the Company or by any Holder of a Security 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,

    
      
         

      

      
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    then, in
any such case, (i) the Company by or pursuant to a Board Resolution may remove
the Trustee and appoint a successor Trustee with respect to all Securities, or
(ii) subject to TIA Section 315(e), any Holder of a Security 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.

     

    (e)           If
the Trustee shall resign, be removed or become incapable of acting, or if a
vacancy shall occur in the office of Trustee for any cause with respect to the
Securities of one or more series, the Company, by or pursuant to a Board
Resolution, shall promptly appoint a successor Trustee or Trustees 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 particular series).  If, within one
year after such resignation, removal or incapability, or the occurrence of such
vacancy, a successor Trustee with respect to the Securities of any series shall
be appointed by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series delivered to the Company and the retiring
Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance
of such appointment, become the successor Trustee with respect to the Securities
of such series and to that extent supersede the successor Trustee appointed by
the Company.  If no successor Trustee with respect to the Securities
of any series shall have been so appointed by the Company or the Holders of
Securities and accepted appointment in the manner hereinafter provided, any
Holder of a Security who has been a bona fide Holder of a Security of such
series for at least six months may, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to Securities of such
series.

     

    (f)           The
Company shall give notice of each resignation and each removal of the Trustee
with respect to the Securities of any series and each appointment of a successor
Trustee with respect to the Securities of any series in the manner provided for
notices to the Holders of Securities in Section 106.  Each notice
shall include the name of the successor Trustee with respect to the Securities
of such series and the address of its Corporate Trust Office.

     

    SECTION
609.            Acceptance of Appointment by
Successor.

     

    (a)           In
case of the appointment hereunder of a successor Trustee with respect to all
Securities, every such successor Trustee so appointed shall execute, acknowledge
and deliver to the Company and to the retiring Trustee an instrument accepting
such appointment, and thereupon the resignation or removal of the retiring
Trustee shall become effective and such successor Trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts
and duties of the retiring Trustee; but, on request of the Company or the
successor Trustee, such retiring Trustee shall, upon payment of its charges,
execute and deliver an instrument transferring to such successor Trustee all the
rights, powers and trusts of the retiring Trustee, and shall duly assign,
transfer and deliver to such successor Trustee all property and money held by
such retiring Trustee hereunder, subject nevertheless to its claim, if any,
provided for in Section 606.

    
      
         

      

      
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    (b)           In
case of the appointment hereunder of a successor Trustee with respect to the
Securities of one or more (but not all) series, the Company, the retiring
Trustee and each successor Trustee with respect to the Securities of one or more
series shall execute and deliver an indenture supplemental hereto, pursuant to
Article Nine hereof, wherein each successor Trustee shall accept such
appointment and which (1) shall contain such provisions as shall be necessary or
desirable to transfer and confirm to, and to vest in, each successor Trustee all
the rights, powers, trusts and duties of the retiring Trustee with respect to
the Securities of that or those series to which the appointment of such
successor Trustee relates, (2) if the retiring Trustee is not retiring with
respect to all Securities, shall contain such provisions as shall be deemed
necessary or desirable to confirm that all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series
as to which the retiring Trustee is not retiring shall continue to be vested in
the retiring Trustee, and (3) shall add to or change any of the provisions of
this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such
Trustee shall be trustee of a trust or trusts hereunder separate and apart from
any trust or trusts hereunder administered by any other such Trustee; and upon
the execution and delivery of such supplemental indenture the resignation or
removal of the retiring Trustee shall become effective to the extent provided
therein and each such successor Trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series
to which the appointment of such successor Trustee relates; but, on request of
the Company or any successor Trustee, such retiring Trustee shall duly assign,
transfer and deliver to such successor Trustee all property and money held by
such retiring Trustee hereunder with respect to the Securities of that or those
series to which the appointment of such successor Trustee relates.

     

    (c)           Upon
request of any such successor Trustee, the Company shall execute any and all
instruments for more fully and certainly vesting in and confirming to such
successor Trustee all such rights, powers and trusts referred to in paragraph
(a) or (b) of this Section 609, as the case may be.

     

    (d)           No
successor Trustee shall accept its appointment unless at the time of such
acceptance such successor Trustee shall be qualified and eligible under this
Article.

     

    SECTION
610.            Merger, Conversion,
Consolidation or Succession to Business.  Any corporation into which the
Trustee may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which the
Trustee shall be a party, or any corporation succeeding to all or substantially
all of the corporate trust business of the Trustee, shall be the successor of
the Trustee hereunder, provided such
corporation shall be otherwise qualified and eligible under this Article,
without the execution or filing of any paper or any further act on the part of
any of the parties hereto.  In case any Securities or coupons shall
have been authenticated, but not delivered, by the Trustee then in office, any
successor by merger, conversion or consolidation to such authenticating Trustee
may adopt such authentication and deliver the Securities or coupons so
authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities or coupons.  In case any Securities or
coupons shall not have been authenticated by such predecessor Trustee, any such
successor Trustee may authenticate and deliver such Securities or coupons, in
either its own name or that of its predecessor Trustee, with the full force and
effect which this Indenture provides for the certificate of authentication of
the Trustee.

    
      
         

      

      
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    SECTION
611.            Appointment of
Authenticating Agent.  At
any time when any of the Securities remain Outstanding, the Trustee may appoint
an Authenticating Agent or Agents with respect to one or more series of
Securities which shall be authorized to act on behalf of the Trustee to
authenticate Securities of such series issued upon conversion or exchange,
registration of transfer or partial redemption or repayment thereof, and
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.  Any such appointment shall be evidenced by an
instrument in writing signed by a Responsible Officer of the Trustee, a copy of
which instrument shall be promptly furnished to the Company.  Wherever
reference is made in this Indenture to the authentication and delivery of
Securities by the Trustee or the Trustee’s certificate of authentication, such
reference shall be deemed to include authentication and delivery on behalf of
the Trustee by an Authenticating Agent and a certificate of authentication
executed on behalf of the Trustee by an Authenticating Agent.  Each
Authenticating Agent shall be acceptable to the Company and shall at all times
be a bank or trust company or corporation organized and doing business and in
good standing under the laws of the United States of America or of any state 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
authorities.  If such Authenticating Agent publishes reports of
condition at least annually, pursuant to law or the requirements of the
aforesaid supervising or examining authority, then for the purposes of this
Section, the combined capital and surplus of such Authenticating Agent shall be
deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published.  In case at any time an
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, such Authenticating Agent shall resign immediately
in the manner and with the effect specified in this Section.

     

    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 Section,
without the execution or filing of any paper or further act on the part of the
Trustee or the Authenticating Agent.

     

    An
Authenticating Agent for any series of Securities may at any time resign by
giving written notice of resignation to the Trustee for such series and to the
Company.  The Trustee for any series of Securities may at any time
terminate the agency of an Authenticating Agent by giving written notice of
termination 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, the Trustee for such series may appoint a
successor Authenticating Agent which shall be acceptable to the Company and
shall give notice of such appointment to all Holders of Securities of the series
with respect to which such Authenticating Agent will serve in the manner set
forth in Section 106.  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 herein.  No successor
Authenticating Agent shall be appointed unless eligible under the provisions of
this Section.

    
      
         

      

      
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    The
Company agrees to pay to each Authenticating Agent from time to time reasonable
compensation including reimbursement of its reasonable expenses for its services
under this Section, subject to Section 606.

     

    If an
appointment with respect to one or more series is made pursuant to this Section,
the Securities of such series may have endorsed thereon, in addition to or in
lieu of the Trustee’s certificate of authentication, an alternate certificate of
authentication substantially in the following form:

     

    This is
one of the Securities of the series designated therein referred to in the
within- mentioned Indenture.

     

    
      
        
          
            
              	 
      	 
      	
                      ______________________________________,

                    
	 
      	 
      	
                      as
      Trustee

                    
	 
      	 
      	 
      
	 	 	 
	
                      Dated:
      ____________

                    	
                      By:

                    	
                      ______________________________________

                    
	 
      	 
      	
                      as
      Authenticating Agent

                    
	 	 	 
	
                      Dated: ____________

                    	
                      By:

                    	
                      ______________________________________

                    
	 
      	 
      	
                      as
      Authenticating
Agent

                    

            

          

        

      

    

     

    SECTION
612.            Certain Duties and
Responsibilities of the Trustee.

     

    (a)           With
respect to the Securities of any series, except during the continuance of an
Event of Default with respect to the Securities of such series:

     

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

     

    (2)           in
the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed
therein, upon certificates or opinions furnished to the Trustee and conforming
to the requirements of this Indenture; but in the case of any such certificates
or opinions which by any provision hereof 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 shall not be under any duty to verify the contents or accuracy
thereof.

     

    (b)           In
case an Event of Default with respect to the Securities of any series has
occurred and is continuing, the Trustee shall, with respect to Securities of
such series, exercise such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in their exercise, as a
prudent man would exercise or use under the circumstances in the conduct of his
own affairs.

    
      
         

      

      
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    (c)           No
provision of this Indenture shall be construed to relieve the Trustee from
liability for its own negligent action, its own negligent failure to act, or its
own willful misconduct, except that:

     

    (1)           this
Subsection shall not be construed to limit the effect of Subsection (a) of this
Section;

     

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

     

    (3)           the
Trustee shall not be liable with respect to any action taken or omitted to be
taken by it in good faith in accordance with the direction of the Holders of a
majority in principal amount of the Outstanding Securities of any series
relating to the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or power conferred upon
the Trustee, under this Indenture with respect to the Securities of such series;
and

     

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

     

    (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 612.

     

    (e)           The
Trustee shall not be liable for interest on any money or assets held by it
except to the extent the Trustee may agree in writing with the
Company.  Assets held in trust by the Trustee need not be segregated
from other assets except to the extent required by law.

     

    ARTICLE
SEVEN - HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

     

    SECTION
701.            Disclosure of Names and
Addresses of Holders.  Every Holder of Securities or
coupons, by receiving and holding the same, agrees with the Company and the
Trustee that neither the Company nor the Trustee nor any Authenticating Agent
nor any Paying Agent nor any Security Registrar shall be held accountable by
reason of the disclosure of any information as to the names and addresses of the
Holders of Securities in accordance with TIA Section 312, regardless of the
source from which such information was derived, and that the Trustee shall not
be held accountable by reason of mailing any material pursuant to a request made
under TIA Section 312(b).

    
      
         

      

      
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    SECTION
702.            Reports by
Trustee.  The Trustee
shall transmit to Holders such reports concerning the Trustee and its actions
under this Indenture as may be required by TIA Section 313 at the times and in
the manner provided by the TIA, which shall initially be not less than every
twelve months commencing on __________, 20__.  A copy of each such
report shall, at the time of such transmission to Holders, be filed by the
Trustee with each over-the-counter market or securities exchange, if any, upon
which any Securities are quoted or listed, with the Commission and with the
Company.  The Company will notify the Trustee when any Securities are
quoted or listed on any over-the-counter market or securities exchange or
delisted therefrom.

     

    SECTION
703.            Reports by
Company.  The Company
will:

     

    (1)           file
with the Trustee, within 15 days after the Company is required to file the same
with the Commission, copies of the annual reports and of the information,
documents and other reports (or copies of such portions of any of the foregoing
as the Commission may from time to time by rules and regulations prescribe)
which the Company may be required to file as an accelerated filer with the
Commission pursuant to Section 13 or Section 15(d) of the Exchange Act (and if
the Company’s status as an accelerated filer changes, the Company shall provide
written notice of such change to the Trustee); or, if the Company is not
required to file information, documents or reports pursuant to either of such
Sections, then it will file with the Trustee and the Commission, in accordance
with rules and regulations prescribed from time to time by the Commission, such
of the supplementary and periodic information, documents and reports which may
be required pursuant to Section 13 of the Exchange Act in respect of a security
quoted or listed and registered on an over-the-counter market or national
securities exchange as may be prescribed from time to time in such rules and
regulations;

     

    (2)           file
with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information,
documents and reports with respect to compliance by the Company with the
conditions and covenants of this Indenture as may be required from time to time
by such rules and regulations;

     

    (3)           transmit
by mail to the Holders of Securities, within 30 days after the filing thereof
with the Trustee, in the manner and to the extent provided in TIA Section
313(c), such summaries of any information, documents and reports required to be
filed by the Company pursuant to paragraphs (1) and (2) of this Section as may
be required by rules and regulations prescribed from time to time by the
Commission; and

     

    (4)           delivery
of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt of such shall not constitute
constructive notice of any information contained therein or determinable from
information contained therein, including the Company’s compliance with any of
its covenants hereunder (as to which the Trustee is entitled to rely exclusively
on Officers’ Certificates).

     

    SECTION
704.            Company to Furnish Trustee
Names and Addresses of Holders.  The Company will furnish or cause to
be furnished to the Trustee:

    
      
         

      

      
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    (a)           semiannually,
not later than 15 days after the Regular Record Date for interest for each
series of Securities, a list, in such form as the Trustee may reasonably
require, of the names and addresses of the Holders of Registered Securities of
such series as of such Regular Record Date, or if there is no Regular Record
Date for interest for such series of Securities, semiannually, upon such dates
as are set forth in the Board Resolution or indenture supplemental hereto
authorizing such series, and

     

    (b)           at
such other times as the Trustee may request in writing, within 30 days after the
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 is the Security Registrar, no such list shall be required to
be furnished.

     

    ARTICLE
EIGHT - CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE

     

    SECTION
801.            Consolidations and Mergers
of  Company and Sales, Leases and Conveyances Permitted Subject to
Certain Conditions.  The
Company may consolidate with, or sell, lease or convey all or substantially all
of its assets to, or merge with or into any other corporation, provided that in
any such case, (1) either the Company shall be the continuing corporation, or
the successor corporation shall be a corporation organized and existing under
the laws of the United States or a State thereof and such successor corporation
shall expressly assume the due and punctual payment of the principal of (and
premium or Make-Whole Amount, if any) and any interest on all of the Securities,
according to their tenor, and the due and punctual performance and observance of
all of the covenants and conditions of this Indenture to be performed by the
Company by supplemental indenture, complying with Article Nine hereof,
satisfactory to the Trustee, executed and delivered to the Trustee by such
corporation, (2) immediately after giving effect to such transaction and
treating any indebtedness which becomes an obligation of the Company or any
Subsidiary as a result thereof as having been incurred by the Company or such
Subsidiary at the time of such transaction, no Event of Default, and no event
which, after notice or the lapse of time, or both, would become an Event of
Default, shall have occurred and be continuing and (3) the Company shall have
delivered to the Trustee the Officer’s Certificate and Opinion of Counsel
required pursuant to Section 803 below.

     

    SECTION
802.            Rights and Duties of
Successor Corporation.  In
case of any such consolidation, merger, sale, lease or conveyance and upon any
such assumption by the successor corporation, such successor corporation shall
succeed to and be substituted for the Company, with the same effect as if it had
been named herein as the party of the first part, and the predecessor
corporation, except in the event of a lease, shall be relieved of any further
obligation under this Indenture and the Securities.  Such successor
corporation thereupon may cause to be signed, and may issue either in its own
name or in the name of the Company, any or all of the Securities issuable
hereunder which theretofore shall not have been signed by the Company and
delivered to the Trustee; and, upon the order of such successor corporation,
instead of the Company, and subject to all the terms, conditions and limitations
in this Indenture prescribed, the Trustee shall authenticate and shall deliver
any Securities which previously shall have been signed and delivered by the
officers of the Company to the Trustee for authentication, and any Securities
which such successor corporation thereafter shall cause to be signed and
delivered to the Trustee for that purpose.  All the Securities so
issued shall in all respects have the same legal rank and benefit under this
Indenture as the Securities theretofore or thereafter issued in accordance with
the terms of this Indenture as though all of such Securities had been issued at
the date of the execution hereof.

    
      
         

      

      
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      In case
of any such consolidation, merger, sale, lease or conveyance, such changes in
phraseology and form (but not in substance) may be made in the Securities
thereafter to be issued as may be appropriate.

       

      SECTION
803.            Officers’ Certificate and
Opinion of Counsel.  Any
consolidation, merger, sale, lease or conveyance permitted under Section 801 is
also subject to the condition that the Trustee receive an Officers’ Certificate
and an Opinion of Counsel to the effect that any such consolidation, merger,
sale, lease or conveyance, and the assumption by any successor corporation,
complies with the provisions of this Article and that all conditions precedent
herein provided for relating to such transaction have been complied
with.

       

      ARTICLE
NINE - SUPPLEMENTAL INDENTURES

       

      SECTION
901.            Supplemental Indentures
Without Consent of Holders.  Without
the consent of any Holders of Securities or coupons, the Company, when
authorized by or pursuant to a Board Resolution, 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 of the following
purposes:

       

      (1)           to
evidence the succession of another Person to the Company and the assumption by
any such successor of the covenants of the Company contained herein and in the
Securities; or

       

      (2)           to
add to the covenants of the Company for the benefit of the Holders of all or any
series of Securities (and if such covenants are to be for the benefit of less
than all series of Securities, stating that such covenants are expressly being
included solely for the benefit of such series) or to surrender any right or
power herein conferred upon the Company; or

       

      (3)           to
add any additional Events of Default for the benefit of the Holders of all or
any series of Securities (and if such Events of Default are to be for the
benefit of less than all series of Securities, stating that such Events of
Default are expressly being included solely for the benefit of such series);
provided, however, that in
respect of any such additional Events of Default such supplemental indenture may
provide for a particular period of grace after default (which period may be
shorter or longer than that allowed in the case of other defaults) or may
provide for an immediate enforcement upon such default or may limit the remedies
available to the Trustee upon such default or may limit the right of the Holders
of a majority in aggregate principal amount of that or those series of
Securities to which such additional Events of Default apply to waive such
default; or

       

      
        
           

        

        
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      (4)           to
add to or change any of the provisions of this Indenture to provide that Bearer
Securities may be registrable as to principal, to change or eliminate any
restrictions on the payment of principal of or premium or Make-Whole Amount, if
any, or interest on Bearer Securities, to permit Bearer Securities to be issued
in exchange for Registered Securities, to permit Bearer Securities to be issued
in exchange for Bearer Securities of other authorized denominations or to permit
or facilitate the issuance of Securities in uncertificated form, provided that any
such action shall not adversely affect the interests of the Holders of
Securities of any series or any related coupons in any material respect;
or

       

      (5)           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 Security
Outstanding of any series created prior to the execution of such supplemental
indenture which is entitled to the benefit of such provision; or

       

      (6)           to
secure the Securities; or

       

      (7)           to
establish the form or terms of Securities of any series and any related coupons
as permitted or contemplated by Sections 201 and 301; or

       

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

       

      (9)           to
cure any ambiguity, to correct or supplement any provision herein which may be
defective or inconsistent with any other provision herein, or to make any other
provisions with respect to matters or questions arising under this Indenture
which shall not be inconsistent with the provisions of this Indenture, provided such
provisions shall not adversely affect the interests of the Holders of Securities
of any series or any related coupons in any material respect; or

       

      (10)           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 pursuant to Sections 401, 1402 and 1403; provided that any
such action shall not adversely affect the interests of the Holders of
Securities of such series and any related coupons or any other series of
Securities in any material respect; or

       

      (11)           to
make provisions with respect to Holders’ rights of conversion with respect to
any series of Securities pursuant to Article Sixteen.

       

      SECTION
902.            Supplemental Indentures with
Consent of Holders.  With
the consent of the Holders of not less than a majority in principal amount of
all Outstanding Securities affected by such supplemental indenture, by Act of
said Holders delivered to the Company and the Trustee, the Company, when
authorized by or pursuant to a Board Resolution, and the Trustee may enter into
an indenture or indentures supplemental hereto for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
this Indenture or of modifying in any manner the rights of the Holders of
Securities and any related coupons under this Indenture; provided, however, that no such
supplemental indenture shall, without the consent of the Holder of each
Outstanding Security affected thereby:

       

      
        
           

        

        
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      (1)           change
the Stated Maturity of the principal of (or premium or Make-Whole Amount, if
any, on) or any installment of principal of or interest on, any Security; or
reduce the principal amount thereof or the rate or amount of interest thereon,
or any premium or Make-Whole Amount payable upon the redemption thereof, 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 502 or the amount thereof provable in bankruptcy
pursuant to Section 504, or adversely affect any right of repayment at the
option of the Holder of any Security, or change any Place of Payment where, or
the currency or currencies, currency unit or units or composite currency or
currencies in which, any Security or any premium or Make-Whole Amount or the
interest thereon is payable, or impair the right to institute suit for the
enforcement of any such payment on or after the Stated Maturity thereof (or, in
the case of redemption or repayment at the option of the Holder, on or after the
Redemption Date or the Repayment Date, as the case may be), or (if Securities of
such series are convertible) adversely affect the right of the Holder to convert
any Security as provided in Article Sixteen; or

       

      (2)           reduce
the percentage in principal amount of the Outstanding Securities of any series,
the consent of whose Holders is required for any such supplemental indenture, or
the consent of whose Holders is required for any waiver with respect to such
series (or compliance with certain provisions of this Indenture or certain
defaults hereunder and their consequences) provided for in this Indenture, or
reduce the requirements of Section 1504 for quorum or voting, or

       

      (3)           modify
any of the provisions of this Section, Section 513 or Section 1009, except to
increase the required percentage to effect such action 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 902 and Section 1009, or the deletion of this proviso, in accordance
with the requirements of Sections 609(b) and 901(11).

       

      It shall
not be necessary for any Act of Holders under this Section 902 to approve the
particular form of any proposed supplemental indenture, but it shall be
sufficient if such Act shall approve the substance thereof.

       

      A
supplemental indenture which changes or eliminates any covenant or other
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.

       

      SECTION
903.            Execution of Supplemental
Indentures.  In
executing, or accepting the additional trusts created by, any supplemental
indenture permitted by this Article or the modification thereby of the trusts
created by this Indenture, the Trustee shall be entitled to receive, and
(subject to Section 612) shall be fully protected in relying upon, an Opinion of
Counsel stating that the execution of such supplemental indenture is authorized
or permitted by this Indenture.  The Trustee may, but shall not be
obligated to, enter into any such supplemental indenture which affects the
Trustee’s own rights, duties or immunities under this Indenture or
otherwise.

       

      
        
           

        

        
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      SECTION
904.            Effect of Supplemental
Indentures.  Upon
the execution of any supplemental indenture under this Article, this Indenture
shall be modified in accordance therewith, and such supplemental indenture shall
form a part of this Indenture for all purposes; and every Holder of Securities
theretofore or thereafter authenticated and delivered hereunder and of any
coupon appertaining thereto shall be bound thereby.

       

      SECTION
905.            Conformity with Trust
Indenture Act.  Every
supplemental indenture executed pursuant to this Article shall conform to the
requirements of the Trust Indenture Act as then in effect.

       

      SECTION
906.            Reference in Securities to
Supplemental Indentures.  Securities
of any series authenticated and delivered after the execution of any
supplemental indenture pursuant to this Article may, and shall, if required by
the Trustee, bear a notation in form approved by the Trustee as to any matter
provided for in such supplemental indenture.  If the Company shall so
determine, new Securities of any series so modified as to conform, in the
opinion of the Trustee and the Company, to any such supplemental indenture may
be prepared and executed by the Company and authenticated and delivered by the
Trustee in exchange for Outstanding Securities of such series.

       

      ARTICLE
TEN - COVENANTS

       

      SECTION
1001.          Payment of Principal,
Premium or Make-Whole Amount, if any; and Interest.  The
Company covenants and agrees for the benefit of the Holders of each series of
Securities that it will duly and punctually pay the principal of (and premium or
Make-Whole Amount, if any) and interest on the Securities of that series in
accordance with the terms of such series of Securities, any coupons appertaining
thereto and this Indenture.  Unless otherwise specified as
contemplated by Section 301 with respect to any series of Securities, any
interest due on Bearer Securities on or before Maturity shall be payable only
upon presentation and surrender of the several coupons for such interest
installments as are evidenced thereby as they severally
mature.  Unless otherwise specified with respect to Securities of any
series pursuant to Section 301, at the option of the Company (upon written
notice to the Trustee), all payments of principal may be paid by check to the
registered Holder of the Registered Security or other Person entitled thereto
against surrender of such Security.

       

      
        
           

        

        
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      SECTION
1002.           Maintenance of Office or
Agency.  If
Securities of a series are issuable only as Registered Securities, the Company
shall maintain in each Place of Payment for any series of Securities an office
or agency where Securities of that series may be presented or surrendered for
payment or conversion, where Securities of that series may be surrendered for
registration of transfer or conversion or exchange and where notices and demands
to or upon the Company in respect of the Securities of that series and this
Indenture may be served.  If Securities of a series are issuable as
Bearer Securities, the Company will maintain: (A) in the Borough of Manhattan,
The City of New York, an office or agency where any Registered Securities of
that series may be presented or surrendered for payment or conversion, where any
Registered Securities of that series may be surrendered for registration of
transfer, where Securities of that series may be surrendered for conversion or
exchange, where notices and demands to or upon the Company in respect of the
Securities of that series and this Indenture may be served and where Bearer
Securities of that series and related coupons may be presented or surrendered
for payment or conversion in the circumstances described in the following
paragraph (and not otherwise); (B) subject to any laws or regulations applicable
thereto, in a Place of Payment for that series which is located outside the
United States, an office or agency where Securities of that series and related
coupons may be presented and surrendered for payment; provided, however, that if the
Securities of that series are listed on any stock exchange located outside the
United States and such stock exchange shall so require, the Company will
maintain a Paying Agent for the Securities of that series in any required city
located outside the United States, as the case may be, so long as the Securities
of that series are listed on such exchange; and (C) subject to any laws or
regulations applicable thereto, in a Place of Payment for that series located
outside the United States an office or agency where any Registered Securities of
that series may be surrendered for registration of transfer, where Securities of
that series may be surrendered for conversion or exchange and where notices and
demands to or upon the Company in respect of the Securities of that series and
this Indenture may be served.  The Company will give prompt written
notice to the Trustee of the location, and any change in the location, of each
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, except that
Bearer Securities of that series and the related coupons may be presented and
surrendered for payment or conversion at the offices specified in the Security,
in London, England, and the Company hereby appoints the same as its agent to
receive such respective presentations, surrenders, notices and demands, and the
Company hereby appoints the Trustee its agent to receive all such presentations,
surrenders, notices and demands.

       

      Unless
otherwise specified with respect to any Securities pursuant to Section 301, no
payment of principal, premium or Make-Whole Amount or interest on Bearer
Securities shall be made at any office or agency of the Company in the United
States or by check mailed to any address in the United States or by transfer to
an account maintained with a bank located in the United States; provided, however, that, if the
Securities of a series are payable in Dollars, payment of principal of and any
premium or Make-Whole Amount and interest on any Bearer Security shall be made
at the office of the Company’s Paying Agent in the Borough of Manhattan, The
City of New York, if (but only if) payment in Dollars of the full amount of such
principal, premium or Make-Whole Amount, or interest, as the case may be, at all
offices or agencies outside the United States maintained for the purpose by the
Company in accordance with this Indenture, is illegal or effectively precluded
by exchange controls or other similar restrictions.

       

      The
Company may from time to time designate one or more other offices or agencies
(in or outside the Place of Payment) where the Securities of one or more series
may be presented or surrendered for any or all of such purposes, and may from
time to time rescind such designations; provided, however, that no such
designation or rescission shall in any manner relieve the Company of its
obligation to maintain an office or agency in accordance with the requirements
set forth above for Securities of any series for such purposes.  The
Company will give prompt written notice to the Trustee of any such designation
or rescission and of any change in the location of any such other office or
agency.  Unless otherwise specified with respect to any Securities
pursuant to Section 301 with respect to a series of Securities, the Company
hereby designates as a Place of Payment for each series of Securities, each of
(i) the office or agency of the Company in the Borough of Manhattan, The City of
New York, and (ii) the Corporate Trust Office of the Trustee (as Paying Agent);
and the Company hereby initially appoints the Trustee at its Corporate Trust
Office as Paying Agent in such city; and the Company hereby initially appoints
as its agent to receive all such presentations, surrenders, notices and demands
each of the Trustee, at its Corporate Trust Office.

       

      
        
           

        

        
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      Unless
otherwise specified with respect to any Securities pursuant to Section 301, if
and so long as the Securities of any series (i) are denominated in a Foreign
Currency or (ii) may be payable in a Foreign Currency, or so long as it is
required under any other provision of the Indenture, then the Company will
maintain with respect to each such series of Securities, or as so required, at
least one exchange rate agent (of which it shall give written notice to the
Trustee).

       

      SECTION
1003.           Money for Securities
Payments to Be Held in Trust.  If
the Company shall at any time act as its own Paying Agent with respect to any
series of any Securities and any related coupons, it will, on or before each due
date of the principal of (and premium or Make-Whole Amount, if any), or interest
on any of the Securities of that series, segregate and hold in trust for the
benefit of the Persons entitled thereto a sum in the currency or currencies,
currency unit or units or composite currency or currencies in which the
Securities of such series are payable (except as otherwise specified pursuant to
Section 301 for the Securities of such series) sufficient to pay the principal
(and premium or Make-Whole Amount, if any) or interest so becoming due until
such sums shall be paid to such Persons or otherwise disposed of as herein
provided, and will promptly notify the Trustee of its action or failure so to
act.

       

      Whenever
the Company shall have one or more Paying Agents for any series of Securities
and any related coupons, it will, on or before each due date of the principal of
(and premium or Make-Whole Amount, if any), or interest on any Securities of
that series, deposit with a Paying Agent a sum (in the currency or currencies,
currency unit or units or composite currency or currencies described in the
preceding paragraph) sufficient to pay the principal (and premium or Make-Whole
Amount, if any) or interest so becoming due, such sum to be held in trust for
the benefit of the Persons entitled to such principal, premium or Make-Whole
Amount, if any, or interest and (unless such Paying Agent is the Trustee) the
Company will promptly notify the Trustee of its action or failure so to
act.

       

      The
Company will cause each Paying Agent for any series of Securities other than the
Trustee 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,
that such Paying Agent will

       

      (1)           hold
all sums held by it for the payment of principal of (and premium or Make-Whole
Amount, if any) or interest on Securities in trust for the benefit of the
Persons entitled thereto until such sums shall be paid to such Persons or
otherwise disposed of as herein provided;

       

      (2)           give
the Trustee notice of any default by the Company (or any other obligor upon the
Securities) in the making of any such payment of principal (and premium or
Make-Whole Amount, if any) or interest on the Securities of that series;
and

       

      
        
           

        

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

       

      The
Company may at any time, for the purpose of obtaining the satisfaction and
discharge of this Indenture or for any other purpose, pay, or by Company Order
direct any Paying Agent to pay, to the Trustee all sums held in trust by the
Company or such Paying Agent, 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; and, upon such payment by any Paying Agent to the Trustee, such Paying
Agent shall be released from all further liability with respect to such
sums.

       

      Except as
otherwise provided in the Securities of any series, and subject to applicable
laws, 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 or
Make-Whole Amount, if any) or interest on any Security of any series and
remaining unclaimed for two years after such principal (and premium or
Make-Whole Amount, if any) or interest has become due and payable shall be paid
to the Company upon Company Request 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
principal of (and premium or Make-Whole Amount, if any) or interest on any
Security, 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 an Authorized
Newspaper, 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
1004.            Existence.  Subject
to Article Eight, the Company will do or cause to be done all things necessary
to preserve and keep in full force and effect its corporate existence, all
material rights (by articles of incorporation, by-laws and statute) and material
franchises; provided, however, that the
Company shall not be required to preserve any such right or franchise if the
Board of Directors shall determine that the preservation thereof is no longer
desirable in the conduct of the business of the Company.

       

      SECTION
1005.            Maintenance of
Properties.  The
Company will cause all of its material properties used or useful in the conduct
of its business or the business of any Subsidiary to be maintained and kept in
good condition, repair and working order, normal wear and tear, casualty and
condemnation excepted, and supplied with all necessary equipment and will cause
to be made all necessary repairs, renewals, replacements, betterments and
improvements thereof (and the Company may take out of service for a period of
time, any of its properties that have been condemned or suffered any loss due to
casualty in order to make such repairs, betterments and improvements), all as in
the judgment of the Company may be necessary so that the business carried on in
connection therewith may be properly and advantageously conducted at all times;
provided, however, that the
Company and its Subsidiaries shall not be prevented from (i) removing
permanently any property that has been condemned or suffered a loss due to
casualty based on the Company’s reasonable judgment that such removal is in the
best interest of the Company, or (ii) selling or otherwise disposing of their
properties for value in the ordinary course of business.

       

      
        
           

        

        
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      SECTION
1006.            Insurance.  The
Company will cause each of its and its Subsidiaries’ insurable properties to be
insured against loss or damage in an amount deemed reasonable by the Board of
Directors with insurers of recognized responsibility.

       

      SECTION
1007.            Payment of Taxes and Other
Claims.  The
Company will pay or discharge or cause to be paid or discharged, before the same
shall become delinquent, (1) all taxes, assessments and governmental charges
levied or imposed upon it or any Subsidiary or upon the income, profits or
property of the Company or any Subsidiary, and (2) all lawful claims for labor,
materials and supplies which, if unpaid, might by law become a lien upon the
property of the Company or any Subsidiary; provided, however, that the
Company shall not be required to pay or discharge or cause to be paid or
discharged any such tax, assessment, charge or claim whose amount, applicability
or validity is being contested in good faith by appropriate
proceedings.

       

      SECTION
1008.            Statement as to
Compliance.  The
Company will deliver to the Trustee, 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
and, in the event of any noncompliance, specifying such noncompliance and the
nature and status thereof.  For purposes of this Section 1008, such
compliance shall be determined without regard to any period of grace or
requirement of notice under this Indenture.

       

      SECTION
1009.            Waiver of Certain
Covenants.  The
Company may omit in any particular instance to comply with any term, provision
or condition set forth in Sections 1004 to 1008, inclusive, if before or after
the time for such compliance the Holders of at least a majority in principal
amount of all outstanding Securities of such series, by Act of such Holders,
either waive such compliance in such instance or generally waive 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, and, until such
waiver shall become effective, the obligations of the Company and the duties of
the Trustee in respect of any such term, provision or condition shall remain in
full force and effect.

       

      ARTICLE
ELEVEN - REDEMPTION OF SECURITIES

       

      SECTION
1101.            Applicability of
Article.  Securities
of any series which are redeemable before their Stated Maturity shall be
redeemable in accordance with their terms and (except as otherwise specified as
contemplated by Section 301 for Securities of any series) in accordance with
this Article.

       

      SECTION
1102.            Election to Redeem; Notice
to Trustee.  The
election of the Company to redeem any Securities shall be evidenced by or
pursuant to a Board Resolution.  In case of any redemption at the
election of the Company of less than all of the Securities of any series, the
Company shall, at least 45 days prior to the giving of the notice of redemption
in Section 1104 (unless a shorter notice shall be satisfactory to the Trustee),
notify the Trustee of such Redemption Date and of the principal amount of
Securities of such series to be redeemed.  In the case of any
redemption of Securities prior to the expiration of any restriction on such
redemption provided in the terms of such Securities or elsewhere in this
Indenture, the Company shall furnish the Trustee with an Officers’ Certificate
evidencing compliance with such restriction.

       

      
        
           

        

        
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      SECTION
1103.            Selection by Trustee of
Securities to Be Redeemed.  If
less than all the Securities of any series issued on the same day with the same
terms are to be redeemed, the particular Securities to be redeemed shall be
selected not more than 60 days prior to the Redemption Date by the Trustee, from
the Outstanding Securities of such series issued on such date with the same
terms not previously called for redemption, by such method as the Trustee shall
deem fair and appropriate and which may provide for the selection for redemption
of portions (equal to the minimum authorized denomination for Securities of that
series or any integral multiple thereof) of the principal amount of Securities
of such series of a denomination larger than the minimum authorized denomination
for Securities of that series.

       

      The
Trustee shall promptly notify the Company and the Security Registrar (if other
than itself) in writing of the Securities selected for redemption and, in the
case of any Securities selected for partial redemption, the principal amount
thereof to be redeemed.

       

      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 which has been or is to be
redeemed.

       

      SECTION
1104.            Notice of
Redemption.  Notice
of redemption shall be given in the manner provided in Section 106, not less
than 30 days nor more than 60 days prior to the Redemption Date, unless a
shorter period is specified by the terms of such series established pursuant to
Section 301, to each Holder of Securities to be redeemed, but failure to give
such notice in the manner herein provided to the Holder of any Security
designated for redemption as a whole or in part, or any defect in the notice to
any such Holder, shall not affect the validity of the proceedings for the
redemption of any other such Security or portion thereof.

       

      Any
notice that is mailed to the Holders of Registered Securities in the manner
herein provided shall be conclusively presumed to have been duly given, whether
or not the Holder receives the notice.

       

      All
notices of redemption shall state:

       

      (1)           the
Redemption Date,

       

      (2)           the
Redemption Price, accrued interest to the Redemption Date payable as provided in
Section 1106, if any,

       

      (3)           if
less than all Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the principal amount) of
the particular Security or Securities to be redeemed,

       

      
        
           

        

        
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      (4)           in
case any Security is to be redeemed in part only, the notice which relates to
such Security shall state that on and after the Redemption Date, upon surrender
of such Security, the holder will receive, without a charge, a new Security or
Securities of authorized denominations for the principal amount thereof
remaining unredeemed,

       

      (5)           that
on the Redemption Date the Redemption Price and accrued interest to the
Redemption Date payable as provided in Section 1106, if any, will become due and
payable upon each such Security, or the portion thereof, to be redeemed and, if
applicable, that interest thereon shall cease to accrue on and after said
date,

       

      (6)           the
Place or Places of Payment where such Securities, together in the case of Bearer
Securities with all coupons appertaining thereto, if any, maturing after the
Redemption Date, are to be surrendered for payment of the Redemption Price and
accrued interest, if any, or for conversion,

       

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

       

      (8)           that,
unless otherwise specified in such notice, Bearer Securities of any series, if
any, surrendered for redemption must be accompanied by all coupons maturing
subsequent to the date fixed for redemption or the amount of any such missing
coupon or coupons will be deducted from the Redemption Price, unless security or
indemnity satisfactory to the Company, the Trustee for such series and any
Paying Agent is furnished,

       

      (9)           if
Bearer Securities of any series are to be redeemed and any Registered Securities
of such series are not to be redeemed, and if such Bearer Securities may be
exchanged for Registered Securities not subject to redemption on this Redemption
Date pursuant to Section 305 or otherwise, the last date, as determined by the
Company, on which such exchanges may be made,

       

      (10)         the
CUSIP number of such Security, if any, and

       

      (11)         if
applicable, that a Holder of Securities who desires to convert Securities for
redemption must satisfy the requirements for conversion contained in such
Securities, the then existing conversion price or rate, the place or places
where such Securities may be surrendered for conversion, and the date and time
when the option to convert shall expire.

       

      Notice of
redemption of Securities to be redeemed at the election of the Company 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.

       

      SECTION
1105.            Deposit of Redemption
Price.  On
or prior to any Redemption Date, the Company shall deposit with the Trustee or
with a Paying Agent (or, if the Company is acting as its own Paying Agent, which
it may not do in the case of a sinking fund payment under Article Twelve,
segregate and hold in trust as provided in Section 1003) an amount of money in
the currency or currencies, currency unit or units or composite currency or
currencies in which the Securities of such series are payable (except as
otherwise specified pursuant to Section 301 for the Securities of such series)
sufficient to pay on the Redemption Date the Redemption Price of, and (except if
the Redemption Date shall be an Interest Payment Date) accrued interest on, all
the Securities or portions thereof which are to be redeemed on that
date.

       

      
        
           

        

        
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      If any Securities called for redemption
are converted, any money deposited with the Trustee or with any Paying Agent or
so segregated and held in trust for the redemption of such Security shall be
paid to the Company upon Company Request or, if then held by the Company, shall
be discharged from such trust.

       

      SECTION
1106.            Securities Payable on
Redemption Date.  Notice
of redemption having been given as aforesaid, the Securities so to be redeemed
shall, on the Redemption Date, become due and payable at the Redemption Price
therein specified in the currency or currencies, currency unit or units or
composite currency or currencies in which the Securities of such series are
payable (except as otherwise specified pursuant to Section 301 for the
Securities of such series) (together with accrued interest, if any, to the
Redemption Date), and from and after such date (unless the Company shall default
in the payment of the Redemption Price and accrued interest) such Securities
shall, if the same were interest-bearing, cease to bear interest and the coupons
for such interest appertaining to any Bearer Securities so to be redeemed,
except to the extent provided below, shall be void.  Upon surrender of
any such Security for redemption in accordance with said notice, together with
all coupons, if any, appertaining thereto maturing after the Redemption Date,
such Security shall be paid by the Company at the Redemption Price, together
with accrued interest, if any, to the Redemption Date; provided, however, that
installments of interest on Bearer Securities whose Stated Maturity is on or
prior to the Redemption Date shall be payable only at an office or agency
located outside the United States (except as otherwise provided in Section 1002)
and, unless otherwise specified as contemplated by Section 301, only upon
presentation and surrender of coupons for such interest; and provided further that except
as otherwise provided with respect to Securities convertible into the Company’s
Common Stock or Preferred Stock, installments of interest on Registered
Securities whose Stated Maturity is on or prior to the Redemption Date shall be
payable to the Holders of such Securities, or one or more Predecessor
Securities, registered as such at the close of business on the relevant Record
Dates according to their terms and the provisions of Section 307.

       

      If any
Bearer Security surrendered for redemption shall not be accompanied by all
appurtenant coupons maturing after the Redemption Date, such Security may be
paid after deducting from the Redemption Price an amount equal to the face
amount of all such missing coupons, or the surrender of such missing coupon or
coupons may be waived by the Company and the Trustee if there be furnished to
them such security or indemnity as they may require to save each of them and any
Paying Agent harmless.  If thereafter the Holder of such Security
shall surrender to the Trustee or any Paying Agent any such missing coupon in
respect of which a deduction shall have been made from the Redemption Price,
such Holder shall be entitled to receive the amount so deducted; provided, however, that
interest represented by coupons shall be payable only at an office or agency
located outside the United States (except as otherwise provided in Section 1002)
and, unless otherwise specified as contemplated by Section 301, only upon
presentation and surrender of those coupons.

       

      If any
Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal (and premium or Make-Whole Amount, if any) shall,
until paid, bear interest from the Redemption Date at the rate borne by the
Security.

       

      
        
           

        

        
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      SECTION
1107.            Securities Redeemed in
Part.  Any
Registered Security which is to be redeemed only in part (pursuant to the
provisions of this Article or of Article Twelve) shall be surrendered at a Place
of Payment therefor (with, if the Company or the Trustee so requires, due
endorsement by, or a written instrument of transfer in form satisfactory to the
Company and the Trustee duly executed by, the Holder thereof or his 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 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.  If a Global Security is so surrendered, the Company
shall execute and the Trustee shall authenticate and deliver to the depository,
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.

       

      ARTICLE
TWELVE - SINKING FUNDS

       

      SECTION
1201.            Applicability of
Article.  The
provisions of this Article shall be applicable to any sinking fund for the
retirement of Securities of a series except as otherwise specified as
contemplated by Section 301 for Securities of such series.

       

      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 such Securities of any series is herein referred to as an “optional
sinking fund payment.”  If provided for by the terms of any Securities
of any series, the cash amount of any mandatory sinking fund payment may be
subject to reduction as provided in Section 1202.  Each sinking fund
payment shall be applied to the redemption of Securities of any series as
provided for by the terms of Securities of such series.

       

      SECTION
1202.            Satisfaction of Sinking Fund
Payments with Securities.  The
Company may, in satisfaction of all or any part of any mandatory sinking fund
payment with respect to the Securities of a series, (1) deliver Outstanding
Securities of such series (other than any previously called for redemption)
together in the case of any Bearer Securities of such series with all unmatured
coupons appertaining thereto and (2) apply as a credit Securities of such series
which have been redeemed either at the election of the Company pursuant to the
terms of such Securities or through the application of permitted optional
sinking fund payments pursuant to the terms of such Securities, as provided for
by the terms of such Securities, or which have otherwise been acquired by the
Company; provided that such
Securities so delivered or applied as a credit have not been previously so
credited.  Such Securities shall be received and credited for such
purpose by the Trustee at the applicable 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.

       

      
        
           

        

        
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      SECTION
1203.            Redemption of Securities for
Sinking Fund.  Not
less than 60 days prior to each sinking fund payment date for Securities of any
series, the Company will deliver to the Trustee an Officers’ Certificate
specifying the amount of the next ensuing mandatory sinking fund payment for
that series pursuant to the terms of that series, the portion thereof, if any,
which is to be satisfied by payment of cash in the currency or currencies,
currency unit or units or composite currency or currencies in which the
Securities of such series are payable (except as otherwise specified pursuant to
Section 301 for the Securities of such series) and the portion thereof, if any,
which is to be satisfied by delivering and crediting Securities of that series
pursuant to Section 1202, and the optional amount, if any, to be added in cash
to the next ensuing mandatory sinking fund payment, and will also deliver to the
Trustee any Securities to be so delivered and credited.  If such
Officers’ Certificate shall specify an optional amount to be added in cash to
the next ensuing mandatory sinking fund payment, the Company shall thereupon be
obligated to pay the amount therein specified.  Not less than 30 days
before each such sinking fund payment date the Trustee shall select the
Securities to be redeemed upon such sinking fund payment date in the manner
specified in Section 1103 and cause notice of the redemption thereof to be given
in the name of and at the expense of the Company in the manner provided in
Section 1104.  Such notice having been duly given, the redemption of
such Securities shall be made upon the terms and in the manner stated in
Sections 1106 and 1107.

       

      ARTICLE
THIRTEEN - REPAYMENT AT THE OPTION OF HOLDERS

       

      SECTION
1301.            Applicability of
Article.  Repayment
of Securities of any series before their Stated Maturity at the option of
Holders thereof shall be made in accordance with the terms of such Securities,
if any, and (except as otherwise specified by the terms of such series
established pursuant to Section 301) in accordance with this
Article.

       

      SECTION
1302.            Repayment of
Securities.  Securities
of any series subject to repayment in whole or in part at the option of the
Holders thereof will, unless otherwise provided in the terms of such Securities,
be repaid at a price equal to the principal amount thereof, together with
interest, if any, thereon accrued to the Repayment Date specified in or pursuant
to the terms of such Securities.  The Company covenants that on or
prior to the Repayment Date it will 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 1003) an amount of money in the currency or
currencies, currency unit or units or composite currency or currencies in which
the Securities of such series are payable (except as otherwise specified
pursuant to Section 301 for the Securities of such series) sufficient to pay the
principal (or, if so provided by the terms of the Securities of any series, a
percentage of the principal) of, and (except if the Repayment Date shall be an
Interest Payment Date) accrued interest on, all the Securities or portions
thereof, as the case may be, to be repaid on such date.

       

      
        
           

        

        
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      SECTION
1303.            Exercise of
Option.  Securities
of any series subject to repayment at the option of the Holders thereof will
contain an “Option to Elect Repayment” form on the reverse of such
Securities.  In order for any Security to be repaid at the option of
the Holder, the Trustee must receive at the Place of Payment therefor specified
in the terms of such Security (or at such other place or places of which the
Company shall from time to time notify the Holders of such Securities) not
earlier than 60 days nor later than 30 days prior to the Repayment Date (1) the
Security so providing for such repayment together with the “Option to Elect
Repayment” form on the reverse thereof duly completed by the Holder (or by the
Holder’s attorney duly authorized in writing) or (2) a telegram, telex,
facsimile transmission or a letter from a member of a national securities
exchange, or the FINRA, or a commercial bank or trust company in the United
States setting forth the name of the Holder of the Security, the principal
amount of the Security, the principal amount of the Security to be repaid, the
CUSIP number, if any, or a description of the tenor and terms of the Security, a
statement that the option to elect repayment is being exercised thereby and a
guarantee that the Security to be repaid, together with the duly completed form
entitled “Option to Elect Repayment” on the reverse of the Security, will be
received by the Trustee not later than the fifth Business Day after the date of
such telegram, telex, facsimile transmission or letter; provided, however, that such
telegram, telex, facsimile transmission or letter shall only be effective if
such Security and form duly completed are received by the Trustee by such fifth
Business Day.  If less than the entire principal amount of such
Security is to be repaid in accordance with the terms of such Security, the
principal amount of such Security to be repaid, in increments of the minimum
denomination for Securities of such series, and the denomination or
denominations of the Security or Securities to be issued to the Holder for the
portion of the principal amount of such Security surrendered that is not to be
repaid, must be specified.  The principal amount of any Security
providing for repayment at the option of the Holder thereof may not be repaid in
part if, following such repayment, the unpaid principal amount of such Security
would be less than the minimum authorized denomination of Securities of the
series of which such Security to be repaid is a part.  Except as
otherwise may be provided by the terms of any Security providing for repayment
at the option of the Holder thereof, exercise of the repayment option by the
Holder shall be irrevocable unless waived by the Company.

       

      SECTION
1304.            When Securities Presented
for Repayment Become Due and Payable.  If
Securities of any series providing for repayment at the option of the Holders
thereof shall have been surrendered as provided in this Article and as provided
by or pursuant to the terms of such Securities, such Securities or the portions
thereof, as the case may be, to be repaid shall become due and payable and shall
be paid by the Company on the Repayment Date therein specified, and on and after
such Repayment Date (unless the Company shall default in the payment of such
Securities on such Repayment Date) such Securities shall, if the same were
interest-bearing, cease to bear interest and the coupons for such interest
appertaining to any Bearer Securities so to be repaid, except to the extent
provided below, shall be void.  Upon surrender of any such Security
for repayment in accordance with such provisions, together with all coupons, if
any, appertaining thereto maturing after the Repayment Date, the principal
amount of such Security so to be repaid shall be paid by the Company, together
with accrued interest, if any, to the Repayment Date; provided, however, that coupons
whose Stated Maturity is on or prior to the Repayment Date shall be payable only
at an office or agency located outside the United States (except as otherwise
provided in Section 1002) and, unless otherwise specified pursuant to Section
301, only upon presentation and surrender of such coupons; and provided further
that, in the case of Registered Securities, installments of interest, if any,
whose Stated Maturity is on or prior to the Repayment Date shall be payable (but
without interest thereon, unless the Company shall default in the payment
thereof) to the Holders of such Securities, or one or more Predecessor
Securities, registered as such at the close of business on the relevant Record
Dates according to their terms and the provisions of Section 307.

       

      If any
Bearer Security surrendered for repayment shall not be accompanied by all
appurtenant coupons maturing after the Repayment Date, such Security may be paid
after deducting from the amount payable therefor as provided in Section 1302 an
amount equal to the face amount of all such missing coupons, or the surrender of
such missing coupon or coupons may be waived by the Company and the Trustee if
there be furnished to them such security or indemnity as they may require to
save each of them and any Paying Agent harmless.  If thereafter the
Holder of such Security shall surrender to the Trustee or any Paying Agent any
such missing coupon in respect of which a deduction shall have been made as
provided in the preceding sentence, such Holder shall be entitled to receive the
amount so deducted; provided, however, that
interest represented by coupons shall be payable only at an office or agency
located outside the United States (except as otherwise provided in Section 1002)
and, unless otherwise specified as contemplated by Section 301, only upon
presentation and surrender of those coupons.

       

      
        
           

        

        
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      If the
principal amount of any Security surrendered for repayment shall not be so
repaid upon surrender thereof, such principal amount (together with interest, if
any, thereon accrued to such Repayment Date) shall, until paid, bear interest
from the Repayment Date at the rate of interest or Yield to Maturity (in the
case of Original Issue Discount Securities) set forth in such
Security.

       

      SECTION
1305.            Securities Repaid in
Part.  Upon
surrender of any Registered Security which is to be repaid in part only, the
Company shall execute and the Trustee shall authenticate and deliver to the
Holder of such Security, without service charge and at the expense of the
Company, a new Registered Security or Securities of the same series, of any
authorized denomination specified by the Holder, in an aggregate principal
amount equal to and in exchange for the portion of the principal of such
Security so surrendered which is not to be repaid.

       

      ARTICLE
FOURTEEN - DEFEASANCE AND COVENANT DEFEASANCE

       

      SECTION
1401.            Applicability of Article;
Company’s Option to Effect Defeasance or Covenant Defeasance.  If,
pursuant to Section 301, provision is made for either or both of (a) Defeasance
of the Securities of or within a series under Section 1402 or (b) Covenant
Defeasance of the Securities of or within a series under Section 1403, then the
provisions of such Section or Sections, as the case may be, together with the
other provisions of this Article (with such modifications thereto as may be
specified pursuant to Section 301 with respect to any Securities), shall be
applicable to such Securities and any coupons appertaining thereto, and the
Company may at its option by Board Resolution, at any time, with respect to such
Securities and any coupons appertaining thereto, elect to have Section 1402 (if
applicable) or Section 1403 (if applicable) be applied to such Outstanding
Securities and any coupons appertaining thereto upon compliance with the
conditions set forth below in this Article.

       

      SECTION
1402.            Defeasance and
Discharge.  Upon
the Company’s exercise of the above option applicable to this Section with
respect to any Securities of or within a series, the Company shall be deemed to
have been discharged from its obligations with respect to such Outstanding
Securities and any coupons appertaining thereto on the date the conditions set
forth in Section 1404 are satisfied (hereinafter, “Defeasance”).  For
this purpose, such Defeasance means that the Company shall be deemed to have
paid and discharged the entire indebtedness represented by such Outstanding
Securities and any coupons appertaining thereto, which shall thereafter be
deemed to be “Outstanding” only for the purposes of Section 1405 and the other
Sections of this Indenture referred to in clauses (A) and (B) below, and to have
satisfied all of its other obligations under such Securities and any coupons
appertaining thereto and this Indenture insofar as such Securities and any
coupons appertaining thereto are concerned (and the Trustee, at the expense of
the Company, shall execute proper instruments acknowledging the same), except
for the following which shall survive until otherwise terminated or discharged
hereunder: (A) the rights of Holders of such Outstanding Securities and any
coupons appertaining thereto to receive, solely from the trust fund described in
Section 1404 and as more fully set forth in such Section, payments in respect of
the principal of (and premium or Make-Whole Amount, if any) and interest, if
any, on such Securities and any coupons appertaining thereto when such payments
are due, (B) the Company’s obligations with respect to such Securities under
Sections 305, 306, 1002 and 1003, and the Company’s obligations under Section
606 hereof (C) the rights, powers, trusts, duties and immunities of the Trustee
hereunder and (D) this Article.  Subject to compliance with this
Article Fourteen, the Company may exercise its option under this Section
notwithstanding the prior exercise of its option under Section 1403 with respect
to such Securities and any coupons appertaining thereto.

       

      
        
           

        

        
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    SECTION
1403.            Covenant
Defeasance.  Upon
the Company’s exercise of the above option applicable to this Section with
respect to any Securities of or within a series, the Company shall be released
from its obligations under Sections 1004 to 1009, inclusive, and, if specified
pursuant to Section 301, its obligations under any other covenant contained
herein or in any indenture supplemental hereto, with respect to such Outstanding
Securities and any coupons appertaining thereto on and after the date the
conditions set forth in Section 1404 are satisfied (hereinafter, “Covenant
Defeasance”), and such Securities and any coupons appertaining thereto shall
thereafter be deemed to be not “Outstanding” for the purposes of any direction,
waiver, consent or declaration or Act of Holders (and the consequences of any
thereof) in connection with Sections 1004 to 1009, inclusive, or such other
covenant, but shall continue to be deemed “Outstanding” for all other purposes
hereunder.  For this purpose, such Covenant Defeasance means that,
with respect to such Outstanding Securities and any coupons appertaining
thereto, the Company may omit to comply with and shall have no liability in
respect of any term, condition or limitation set forth in any such Section or
such other covenant, whether directly or indirectly, by reason of any reference
elsewhere herein to any such Section or such other covenant or by reason of
reference in any such Section or such other covenant to any other provision
herein or in any other document and such omission to comply shall not constitute
a default or an Event of Default under Section 501(4) or 501(8) or otherwise, as
the case may be, but, except as specified above, the remainder of this Indenture
and such Securities and any coupons appertaining thereto shall be unaffected
thereby.

     

    SECTION
1404.            Conditions to Defeasance or
Covenant Defeasance.  The
following shall be the conditions to application of Section 1402 or Section 1403
to any Outstanding Securities of or within a series and any coupons appertaining
thereto:

     

    (a)           The
Company shall irrevocably have deposited or caused to be deposited with the
Trustee (or another trustee satisfying the requirements of Section 607 who shall
agree to comply with the provisions of this Article Fourteen applicable to it)
as trust funds in trust for the purpose of making the following payments,
specifically pledged as security for, and dedicated solely to, the benefit of
the Holders of such Securities and any coupons appertaining thereto, (1) an
amount in such currency, currencies or currency unit in which such Securities
and any coupons appertaining thereto are then specified as payable at Stated
Maturity, or (2) Government Obligations applicable to such Securities and
coupons appertaining thereto (determined on the basis of the currency,
currencies or currency unit in which such Securities and coupons appertaining
thereto are then specified as payable at Stated Maturity) which through the
scheduled payment of principal and interest in respect thereof in accordance
with their terms will provide, not later than the due date of any payment of
principal of (and premium or Make-Whole Amount, if any) and interest, if any, on
such Securities and any coupons appertaining thereto, money in an amount, or (3)
a combination thereof, in any case, in an amount, sufficient, without
consideration of any reinvestment of such principal and interest, in the opinion
of a nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee, to pay and discharge,
and which shall be applied by the Trustee (or other qualifying trustee) to pay
and discharge, (i) the principal of (and premium or Make-Whole Amount, if any)
and interest, if any, on such Outstanding Securities and any coupons
appertaining thereto on the Stated Maturity of such principal or installment of
principal or interest and (ii) any mandatory sinking fund payments or analogous
payments applicable to such Outstanding Securities and any coupons appertaining
thereto on the day on which such payments are due and payable in accordance with
the terms of this Indenture and of such Securities and any coupons appertaining
thereto.

    
      
         

      

      
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    (b)           Such
Defeasance or Covenant Defeasance shall not result in a breach or violation of,
or constitute a default under, this Indenture or any other material agreement or
instrument to which the Company is a party or by which it is bound.

     

    (c)           No
Event of Default or event which with notice or lapse of time or both would
become an Event of Default with respect to such Securities and any coupons
appertaining thereto shall have occurred and be continuing on the date of such
deposit or, insofar as Sections 501(6) and 501(7) are concerned, at any time
during the period ending on the 91st day after the date of such deposit (it
being understood that this condition shall not be deemed satisfied until the
expiration of such period).

     

    (d)           In
the case of an election under Section 1402, the Company shall have delivered to
the Trustee an Opinion of Counsel stating that (i) the Company has received
from, or there has been published by, the Internal Revenue Service a ruling, or
(ii) since the date of execution of this Indenture, there has been a change in
the applicable Federal income tax law, in either case to the effect that, and
based thereon such opinion shall confirm that, the Holders of such Outstanding
Securities and any coupons appertaining thereto will not recognize income, gain
or loss for Federal income tax purposes as a result of such Defeasance and will
be subject to Federal income tax on the same amounts, in the same manner and at
the same times as would have been the case if such Defeasance had not
occurred.

     

    (e)           In
the case of an election under Section 1403, the Company shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Holders of such
Outstanding Securities and any coupons appertaining thereto will not recognize
income, gain or loss for Federal income tax purposes as a result of such
Covenant Defeasance and will be subject to Federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if
such Covenant Defeasance had not occurred.

     

    (f)           The
Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent to the Defeasance
under Section 1402 or the Covenant Defeasance under Section 1403 (as the case
may be) have been complied with and an Opinion of Counsel to the effect that
either (i) as a result of a deposit pursuant to subsection (a) above and the
related exercise of the Company’s option under Section 1402 or Section 1403 (as
the case may be), registration is not required under the Investment Company Act
of 1940, as amended, by the Company, with respect to the trust funds
representing such deposit or by the Trustee for such trust funds or (ii) all
necessary registrations under said Act have been effected.

    
      
         

      

      
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    (g)           Notwithstanding
any other provisions of this Section, such Defeasance or Covenant Defeasance
shall be effected in compliance with any additional or substitute terms,
conditions or limitations which may be imposed on the Company in connection
therewith pursuant to Section 301.

     

    (h)           The
payment of amounts payable to the Trustee pursuant to this Indenture shall be
paid or provided for to the reasonable satisfaction of the Trustee.

     

    SECTION
1405.            Deposited Money and
Government Obligations to Be Held in Trust; Other Miscellaneous
Provisions.  Subject
to the provisions of the last paragraph of Section 1003, all money and
Government Obligations (or other property as may be provided pursuant to Section
301) (including the proceeds thereof) deposited with the Trustee (or other
qualifying trustee, collectively for purposes of this Section 1405, the
“Trustee”) pursuant to Section 1404 in respect of any Outstanding Securities of
any series and any coupons appertaining thereto shall be held in trust and
applied by the Trustee, in accordance with the provisions of such Securities and
any coupons appertaining thereto and this Indenture, to the payment, either
directly or through any Paying Agent (including the Company acting as its own
Paying Agent) as the Trustee may determine, to the Holders of such Securities
and any coupons appertaining thereto of all sums due and to become due thereon
in respect of principal (and premium or Make-Whole Amount, if any) and interest,
but such money need not be segregated from other funds except to the extent
required by law.

     

    Unless
otherwise specified with respect to any Security pursuant to Section 301, if,
after a deposit referred to in Section 1404(a) has been made, (a) the Holder of
a Security in respect of which such deposit was made is entitled to, and does,
elect pursuant to Section 301 or the terms of such Security to receive payment
in a currency or currency unit other than that in which the deposit pursuant to
Section 1404(a) has been made in respect of such Security, or (b) a Conversion
Event occurs in respect of the currency or currency unit in which the deposit
pursuant to Section 1404(a) has been made, the indebtedness represented by such
Security and any coupons appertaining thereto shall be deemed to have been, and
will be, fully discharged and satisfied through the payment of the principal of
(and premium or Make-Whole Amount, if any), and interest, if any, on such
Security as the same becomes due out of the proceeds yielded by converting (from
time to time as specified below in the case of any such election) the amount or
other property deposited in respect of such Security into the currency or
currency unit in which such Security becomes payable as a result of such
election or Conversion Event based on the applicable market exchange rate for
such currency or currency unit in effect on the second Business Day prior to
each payment date, except, with respect to a Conversion Event, for such currency
or currency unit in effect (as nearly as feasible) at the time of the Conversion
Event.

     

    The
Company shall pay and indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the Government Obligations deposited pursuant to
Section 1404 or the principal and interest received in respect thereof other
than any such tax, fee or other charge which by law is for the account of the
Holders of such Outstanding Securities and any coupons appertaining
thereto.

    
      
         

      

      
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    Anything
in this Article to the contrary notwithstanding, subject to Section 606, the
Trustee shall deliver or pay to the Company from time to time upon Company
Request any money or Government Obligations (or other property and any proceeds
therefrom) held by it as provided in Section 1404 which, in the opinion of a
nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee, are in excess of the
amount thereof which would then be required to be deposited to effect a
Defeasance or Covenant Defeasance, as applicable, in accordance with this
Article.

     

    ARTICLE
FIFTEEN - MEETINGS OF HOLDERS OF SECURITIES

     

    SECTION
1501.            Purposes for Which Meetings
May Be Called.  A
meeting of Holders of Securities of any series may be called at any time and
from time to time pursuant to this Article to make, give or take any request,
demand, authorization, direction, notice, consent, waiver or other action
provided by this Indenture to be made, given or taken by Holders of Securities
of such series.

     

    SECTION
1502.            Call, Notice and Place of
Meetings.

     

    (a)           The
Trustee may at any time call a meeting of Holders of Securities of any series
for any purpose specified in Section 1501, to be held at such time and at such
place as the Trustee shall determine.  Notice of every meeting of
Holders of Securities of any 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 given, in the manner provided in Section 106, not less than 20
nor more than 180 days prior to the date fixed for the meeting.

     

    (b)           In
case at any time the Company, pursuant to a Board Resolution, or the Holders of
at least 25% in principal amount of the Outstanding Securities of any series
shall have requested the Trustee to call a meeting of the Holders of Securities
of such series for any purpose specified in Section 1501, by written request
setting forth in reasonable detail the action proposed to be taken at the
meeting, and the Trustee shall not have made the first publication of the notice
of such meeting within 20 days after receipt of such request or shall not
thereafter proceed to cause the meeting to be held as provided herein, then the
Company or the Holders of Securities of such series in the amount above
specified, as the case may be, may determine the time and the place for such
meeting and may call such meeting for such purposes by giving notice thereof as
provided in subsection (a) of this Section.

     

    SECTION
1503.            Persons Entitled to Vote at
Meetings.  To
be entitled to vote at any meeting of Holders of Securities of any series, a
Person shall be (1) a Holder of one or more Outstanding Securities of such
series, or (2) a Person appointed by an instrument in writing as proxy for a
Holder or Holders of one or more Outstanding Securities of such series by such
Holder or Holders.  The only Persons who shall be entitled to be
present or to speak at any meeting of Holders of Securities of any series shall
be the Persons entitled to vote at such meeting and their counsel, any
representatives of the Trustee and its counsel and any representatives of the
Company and its counsel.

    
      
         

      

      
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    SECTION
1504.            Quorum;
Action.  The
Persons entitled to vote a majority in principal amount of the Outstanding
Securities of a series shall constitute a quorum for a meeting of Holders of
Securities of such series; provided, however, that if any
action is to be taken at such meeting with respect to a consent or waiver which
this Indenture expressly provides may be given by the Holders of not less than a
specified percentage in principal amount of the Outstanding Securities of a
series, the Persons entitled to vote such specified percentage in principal
amount of the Outstanding Securities of such series shall constitute a
quorum.  In the absence of a quorum within 30 minutes after the time
appointed for any such meeting, the meeting shall, if convened at the request of
Holders of Securities of such series, be dissolved.  In any other case
the meeting may be adjourned for a period of not less than 10 days as determined
by the chairman of the meeting prior to the adjournment of such
meeting.  In the absence of a quorum at the reconvening of any such
adjourned meeting, such adjourned meeting may be further adjourned for a period
of not less than 10 days; at the reconvening of any meeting adjourned or further
adjourned for lack of a quorum, the Persons entitled to vote 25% in aggregate
principal amount of the then Outstanding Securities shall constitute a quorum
for the taking of any action set forth in the notice of the original
meeting.  Notice of the reconvening of any adjourned meeting shall be
given as provided in Section 1502(a), except that such notice need be given only
once not less than five days prior to the date on which the meeting is scheduled
to be reconvened.

     

    Except as
limited by the proviso to Section 902, any resolution presented to a meeting or
adjourned meeting duly reconvened at which a quorum is present as aforesaid may
be adopted by the affirmative vote of the Persons entitled to vote a majority in
aggregate principal amount of the Outstanding Securities represented at such
meeting; provided, however, that, except
as limited by the proviso to Section 902, any resolution with respect to any
request, demand, authorization, direction, notice, consent, waiver or other
action which this Indenture expressly provides may be made, given or taken by
the Holders of a specified percentage, which is less than a majority, in
principal amount of the Outstanding Securities of a series may be adopted at a
meeting or an adjourned meeting duly reconvened and at which a quorum is present
as aforesaid by the affirmative vote of the Holders of such specified percentage
in principal amount of the Outstanding Securities of that series.

     

    Any
resolution passed or decision taken at any meeting of Holders of Securities of
any series duly held in accordance with this Section shall be binding on all the
Holders of Securities of such series and the related coupons, whether or not
present or represented at the meeting.

     

    Notwithstanding
the foregoing provisions of this Section 1504, if any action is to be taken at a
meeting of Holders of Securities of any series with respect to any request,
demand, authorization, direction, notice, consent, waiver or other action that
this Indenture expressly provides may be made, given or taken by the Holders of
a specified percentage in principal amount of all Outstanding Securities
affected thereby, or of the Holders of such series and one or more additional
series:

     

    (i)           there
shall be no minimum quorum requirement for such meeting; and

    
      
         

      

      
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    (ii)           the
principal amount of the Outstanding Securities of such series that vote in favor
of such request, demand, authorization, direction, notice, consent, waiver or
other action shall be taken into account in determining whether such request,
demand, authorization, direction, notice, consent, waiver or other action has
been made, given or taken under this Indenture.

     

    SECTION
1505.            Determination of Voting
Rights; Conduct and Adjournment of Meetings.

     

    (a)           Notwithstanding
any provisions of this Indenture, the Trustee may make such reasonable
regulations as it may deem advisable for any meeting of Holders of Securities of
a series in regard to proof of the holding of Securities of such series 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 appropriate.  Except as
otherwise permitted or required by any such regulations, the holding of
Securities shall be proved in the manner specified in Section 104 and the
appointment of any proxy shall be proved in the manner specified in Section 104
or by having the signature of the Person executing the proxy witnessed or
guaranteed by any trust company, bank or banker authorized by Section 104 to
certify to the holding of Bearer Securities.  Such regulations may
provide that written instruments appointing proxies, regular on their face, may
be presumed valid and genuine without the proof specified in Section 104 or
other proof.

     

    (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 Holders
of Securities as provided in Section 1502(b), in which case the Company or the
Holders of Securities of the series calling the meeting, as the case may be,
shall in like manner appoint a temporary chairman.  A permanent
chairman and a permanent secretary of the meeting shall be elected by vote of
the Persons entitled to vote a majority in principal amount of the Outstanding
Securities of such series represented at the meeting.

     

    (c)           At
any meeting each Holder of a Security of such series or proxy shall be entitled
to one vote for each $1,000 principal amount of the Outstanding Securities of
such series 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,
except as a Holder of a Security of such series or proxy.

     

    (d)           Any
meeting of Holders of Securities of any series duly called pursuant to Section
1502 at which a quorum is present may be adjourned from time to time by Persons
entitled to vote a majority in principal amount of the Outstanding Securities of
such series represented at the meeting, and the meeting may be held as so
adjourned without further notice.

    
      
         

      

      
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    SECTION
1506.            Counting Votes and Recording
Action of Meetings.  The
vote upon any resolution submitted to any meeting of Holders of Securities of
any 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 and serial numbers of the
Outstanding 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, at least in duplicate, of the proceedings of each
meeting of Holders of Securities of any Series 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 fact, setting forth a
copy of the notice of the meeting and showing that said notice was given as
provided in Section 1502 and, if applicable, Section 1504.  Each copy
shall be signed and verified by the affidavits of the permanent chairman and
secretary of the meeting and one such copy shall be delivered to the Company and
another to the Trustee to be preserved by the Trustee, the latter to have
attached thereto the ballots voted at the meeting.  Any record so
signed and verified shall be conclusive evidence of the matters therein
stated.

     

    ARTICLE
SIXTEEN - CONVERSION OF SECURITIES

     

    SECTION
1601.            Applicability of Article;
Conversion Privilege and Conversion Price.  Securities
of any series which are convertible shall be convertible in accordance with
their terms and (except as otherwise specified as contemplated by Section 301
for Securities of any series) in accordance with this Article
Sixteen.  Subject to and upon compliance with the provisions of this
Article Sixteen, at any time during the period specified in the Securities,
at the option of the Holder thereof, any Security or any portion of the
principal amount thereof which is $1,000 or an integral multiple of $1,000 may
be converted at the principal amount thereof, or of such portion thereof, into
fully paid and nonassessable shares (calculated as to each conversion to the
nearest 1/100 of a share) of Common Stock of the Company, at the Conversion
Price, determined as hereinafter provided, in effect at the time of
conversion.  In case a Security or portion thereof is called for
redemption, such conversion right in respect of the Security or portion so
called shall expire at the close of business on the Business Day immediately
preceding the Redemption Date, unless the Company defaults in making the payment
due upon redemption, in which case such conversion right shall terminate on the
date such default is cured.

     

    The price
at which shares of Common Stock shall be delivered upon conversion (herein
called the “Conversion Price”) of Securities of any series shall be specified in
such Securities.  The Conversion Price shall be adjusted in certain
instances as provided in Section 1604.

     

    In case
the Company shall, by dividend or otherwise, declare or make a distribution on
its Common Stock referred to in paragraph (4) of Section 1604, the Holder of
each Security, upon the conversion thereof pursuant to this Article Sixteen
subsequent to the close of business on the date fixed for the determination of
stockholders entitled to receive such distribution and prior to the
effectiveness of the Conversion Price adjustment in respect of such distribution
pursuant to paragraph (4) of Section 1604, shall be entitled to receive for each
share of Common Stock into which such Security is converted, the portion of the
evidence of indebtedness, shares of Capital Stock or assets so distributed
applicable to one share of Common Stock; provided, however, that, at the
election of the Company (whose election shall be evidenced by a Board Resolution
filed with the Trustee) with respect to all Holders so converting, the Company
may, in lieu of distributing to such Holder any portion of such distribution not
consisting of cash or securities of the Company, pay such Holder an amount in
cash equal to the fair market value thereof (as determined in good faith by the
Board of Directors, whose determination shall be conclusive and described in a
Board Resolution filed with the Trustee).  If any conversion of a
Security entitled to the benefits described in the immediately preceding
sentence occurs prior to the payment date for a distribution to holders of
Common Stock which the Holder of the Security so converted is entitled to
receive in accordance with the immediately preceding sentence, the Company may
elect (such election to be evidenced by a Board Resolution filed with the
Trustee) to distribute to such Holder a due bill for the evidences of
indebtedness, shares of Capital Stock or assets to which such Holder is so
entitled, provided that such due bill (i) meets any applicable requirements
of the principal over-the-counter market or national securities exchange or
other market on which the Common Stock is then traded, and (ii) requires
payment or delivery of such evidences of indebtedness or assets no later than
the date of payment or delivery thereof to holders of Common Stock receiving
such distribution.

    
      
         

      

      
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    SECTION
1602.            Exercise of Conversion
Privilege.  In
order to exercise the conversion privilege, the Holder of any Security to be
converted shall surrender such Security, duly endorsed or assigned to the
Company or in blank, at any office or agency maintained by the Company pursuant
to Section 1002, accompanied by written notice to the Company at such office or
agency that the Holder elects to convert such Security or, if less than the
entire principal amount thereof is to be converted, the portion thereof to be
converted and shall comply with any additional requirements set forth in such
Security.  Securities surrendered for conversion during the period
from the close of business on any Regular Record Date next preceding any
Interest Payment Date to the opening of business on such Interest Payment Date
shall (except for Securities the Maturity of which is prior to such Interest
Payment Date) be accompanied by payment in funds acceptable to the Company of an
amount equal to the interest payable on such Interest Payment Date on the
principal amount of Securities being surrendered for conversion and such
interest shall be paid on such Interest Payment Date as provided in
Section 307.  Except as provided in the preceding sentence, no
payment or adjustment shall be made upon any conversion on account of any
interest accrued on the Securities surrendered for conversion or on account of
any dividends on the Common Stock issued upon conversion.

     

    The
Company’s delivery to the Holder of the fixed number of shares of the Common
Stock of the Company (and any cash in lieu of any fractional share of Common
Stock) into which the Security is convertible shall be deemed to satisfy the
Company’s obligation to pay the principal amount of the Security and all accrued
interest and original issue discount that has not previously been
paid.  The shares of Common Stock of the Company so delivered shall be
treated as issued first in payment of accrued interest and original issue
discount and then in payment of principal.  Thus, accrued interest and
original issue discount shall be treated as paid, rather than canceled,
extinguished or forfeited.

     

    Securities
shall be deemed to have been converted immediately prior to the close of
business on the day of surrender of such Securities for conversion in accordance
with the foregoing provisions, and at such time the rights of the Holders of
such Securities as Holders shall cease, and the Person or Persons entitled to
receive the Common Stock issuable upon conversion shall be treated for all
purposes as the record holder or holders of such Common Stock at such
time.  As promptly as practicable on or after the conversion date, the
Company shall issue and shall deliver at such office or agency a certificate or
certificates for the number of full shares of Common Stock issuable upon
conversion, together with payment in lieu of any fraction of a share, as
provided in Section 1603.

    
      
         

      

      
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    In the
case of any Security which is converted in part only, as promptly as practicable
on or after the conversion date the Company shall execute and the Trustee shall
authenticate and make available for delivery to the Holder thereof (or the
Depositary in the case of a Global Security), at the expense of the Company, a
new Security or Securities, of authorized denominations in aggregate principal
amount equal to the unconverted portion of the principal amount of such
Security.

     

    SECTION
1603.            Fractions of
Shares.  No
fractional shares of Common Stock shall be issued upon conversion of
Securities.  If more than one Security shall be surrendered for
conversion at one time by the same Holder, the number of full shares of Common
Stock which shall be issuable upon conversion thereof shall be computed on the
basis of the aggregate principal amount of the Securities (or specified portions
thereof) so surrendered.  Instead of any fractional share of Common
Stock which would otherwise be issuable upon conversion of any Security or
Securities (or specified portions thereof), the Company shall pay a cash
adjustment (rounded to the nearest cent) in respect of such fraction in an
amount equal to the same fraction of the Closing Price per share of the Common
Stock on the day of conversion (or, if such day is not a Trading Day, on the
Trading Day immediately preceding such day).

     

    SECTION
1604.            Adjustment of Conversion
Price.  The
Conversion Price shall be subject to adjustment from time to time as
follows:

     

    (1)           If
the Company pays or makes a dividend or other distribution (a) on its
Common Stock exclusively in Common Stock or (b) on any other class of
Capital Stock of the Company, which dividend or distribution includes Common
Stock of the Company, the Conversion Price in effect at the opening of business
on the day following the date fixed for the determination of stockholders
entitled to receive such dividend or other distribution (the “Dividend Record
Date”) shall be reduced by multiplying such Conversion Price by a fraction of
which the numerator shall be the number of shares of Common Stock of the Company
outstanding at the close of business on the Dividend Record Date and the
denominator shall be the sum of such number of shares and the total number of
shares constituting such dividend or other distribution.  Such
reduction shall become effective immediately after the opening of business on
the day following the date fixed for such determination.  For the
purposes of this paragraph (1), the number of shares of Common Stock of the
Company at any time outstanding shall not include shares held in the treasury of
the Company, but shall include shares issuable in respect of scrip certificates
issued in lieu of fractions of shares of Common Stock.  The Company
shall not pay any dividend or make any distribution on shares of Common Stock
held in the treasury of the Company.

    
      
         

      

      
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    (2)           Subject
to paragraph (6) of this Section, if the Company pays or makes a dividend or
other distribution on its Common Stock consisting exclusively of Short Term
Rights (as defined below), or otherwise issues Short Term Rights to all holders
of its Common Stock, the Conversion Price in effect at the opening of business
on the day following the record date for the determination of holders of Common
Stock entitled to receive such Short Term Rights (the “Rights Record Date”)
shall be reduced by multiplying such Conversion Price by a fraction of which the
numerator shall be the number of shares of Common Stock of the Company
outstanding at the close of business on the Rights Record Date plus the number
of shares of Common Stock of the Company which the aggregate of the offering
price of the total number of shares of Common Stock so offered for subscription
or purchase would purchase at such current market price and the denominator
shall be the number of shares of Common Stock of the Company outstanding at the
close of business on the Rights Record Date plus the number of shares of Common
Stock so offered for subscription or purchase.  Such reduction shall
become effective immediately after the opening of business on the day following
the Rights Record Date.  For the purposes of this paragraph (2), the
number of shares of Common Stock of the Company at any time outstanding shall
not include shares held in the treasury of the Company, but shall include shares
issuable in respect of scrip certificates issued in lieu of fractions of shares
of Common Stock of the Company.  The Company shall not issue any
rights, options or warrants in respect of shares of its Common Stock held in the
treasury of the Company.  When used in this Section 1604, the
term “Short Term Rights” shall mean rights, warrants or options entitling the
holders thereof (for a period commencing no earlier than the Rights Record Date
and expiring not more than 45 days after the Rights Record Date) to subscribe
for or purchase shares of Common Stock of the Company at a price per share less
than the current market price per share (determined as provided in paragraph (7)
of this Section 1604) of the Common Stock of the Company on the Rights
Record Date.

     

    (3)           In
case outstanding shares of Common Stock of the Company shall be subdivided into
a greater number of shares of Common Stock, the Conversion Price in effect at
the opening of business on the day following the day upon which such subdivision
becomes effective shall be proportionately reduced, and, conversely, in case
outstanding shares of Common Stock of the Company shall be combined into a
smaller number of shares of Common Stock, the Conversion Price in effect at the
opening of business on the day following the day upon which such combination
becomes effective shall be proportionately increased, such reduction or
increase, as the case may be, to become effective immediately after the opening
of business on the day following the day upon which such subdivision or
combination becomes effective.

    
      
         

      

      
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    (4)           Subject
to the last sentence of this paragraph (4) of this Section, if the Company, by
dividend or otherwise, (a) distributes to all holders of its Common Stock
evidences of its indebtedness, shares of any class of Capital Stock of the
Company or other assets (other than cash dividends out of current or retained
earnings), or (b) distributes to substantially all holders of Common Stock
rights or warrants to subscribe for securities (other than Short Term Rights to
which paragraph (2) of this Section 1604 applies), the Conversion
Price shall be reduced by multiplying such Conversion Price by a fraction of
which the numerator shall be the current market price per share (determined as
provided in paragraph (7) of this Section 1604) of the Common Stock of the
Company on the Reference Date (as defined below) less the fair market value (as
determined in good faith by the Board of Directors, whose determination shall be
conclusive and described in a Board Resolution filed with the Trustee), on the
Reference Date, of the portion of the evidences of indebtedness and other assets
so distributed or of such subscription rights or warrants applicable to one
share of Common Stock (collectively, the “Market Value of the Distribution”) and
the denominator shall be such current market price per share of the Common Stock
of the Company.  Such reduction shall become effective immediately
prior to the opening of business on the day (the “Reference Date”) following the
later of (a) the date fixed for the payment of such distribution and
(b) the date 20 days after notice relating to such distribution is required
to be given pursuant to Section 1606(a).  If the Board of Directors
determines the fair market value of any distribution for purposes of this
paragraph (4) by reference to the actual or when issued trading market for any
securities comprising such distribution, it must in doing so consider the prices
in such market over the same period used in computing the current market price
per share pursuant to paragraph (7) of this Section 1604.  In the
event that, with respect to any distribution to which this paragraph (4) of
Section 1604 would otherwise apply, the Market Value of the Distribution is
greater than the current market price per share of the Common Stock (such
distribution being referred to herein as an “Unadjusted Distribution”), then the
adjustment provided by this paragraph (4) shall not be made and in lieu thereof
the provisions of Section 1611 shall apply with respect to such Unadjusted
Distribution.

     

    (5)           The
Company may, but shall not be required to, make such reductions in the
Conversion Price, in addition to those required by paragraphs (1), (2),
(3),  and (4) of this Section 1604, as it considers to be
advisable in order that any event treated for federal income tax purposes as a
dividend of stock or stock rights shall not be taxable to the
recipients.  In addition, the Company, from time to time, may decrease
the Conversion Price by any amount and for any reason, temporarily or otherwise,
including situations where the Board of Directors determines such decrease to be
fair and appropriate with respect to transactions in which holders of Common
Stock have the right to participate.

     

    (6)           Rights
or warrants issued or distributed by the Company to all holders of its Common
Stock entitling the holders thereof to subscribe for or purchase shares of
Common Stock or Preferred Stock, which rights or warrants (i) are deemed to
be transferred with such shares of Common Stock, (ii) are not exercisable
and (iii) are also issued or distributed in respect of future issuances of
Common Stock, in each case in clauses (i) through (iii) until the occurrence of
a specified event or events (“Trigger Events”), shall for purposes of this
Section 1604 not be deemed issued or distributed until the occurrence of the
earliest Trigger Event.  Each share of Common Stock issued upon
conversion of Securities pursuant to this Article Sixteen shall be entitled to
receive the appropriate number of Common Stock purchase rights (the “Rights”),
if any, and the certificates representing the Common Stock issued upon
conversion shall bear such legends, if any.  Notwithstanding anything
to the contrary in this Article Sixteen, there shall not be any adjustment to
the Conversion Price as a result of (i) the distribution of separate
certificates representing the Rights; (ii) the occurrence of certain events
entitling holders of Rights to receive, upon exercise thereof, Common Stock or
other securities of the Company or other securities of another corporation; or
(iii) the exercise of such Rights.  No adjustment in the
Conversion Price need be made for rights to purchase or the sale of Common Stock
pursuant to a Company plan providing for reinvestment of dividends or
interest.

     

    (7)           For
the purpose of any computation under paragraph (2), (4) or (5) of this
Section 1604, the “current market price” per share of Common Stock of the
Company on any date shall be deemed to be the average of the daily Closing
Prices for the 15 consecutive Trading Days selected by the Company commencing
not more than 30 Trading Days before, and ending not later than, the date in
question.

    
      
         

      

      
        80

        
          

        

      

      
         

      

    

     

    (8)           No
adjustment in the Conversion Price shall be required unless such adjustment
would require an increase or decrease of at least 1% in the Conversion Price;
provided, however, that any
adjustments which by reason of this paragraph (8) are not required to be made
shall be carried forward and taken into account in any subsequent
adjustment.  All calculations under this Article Sixteen shall be made
to the nearest cent or to the nearest one-hundredth of a share of Common Stock,
as the case may be.

     

    (9)           Anything
herein to the contrary notwithstanding, in the event the Company shall declare
any dividend or distribution requiring an adjustment in the Conversion Price
hereunder and shall, thereafter and before the payment of such dividend or
distribution to stockholders, legally abandon its plan to pay such dividend or
distribution, the Conversion Price then in effect hereunder, if changed to
reflect such dividend or distribution, shall upon the legal abandonment of such
plan be changed to the Conversion Price which would have been in effect at the
time of such abandonment (after giving effect to all other adjustments not so
legally abandoned pursuant to the provisions of this Article Sixteen) had such
dividend or distribution never been declared.

     

    (10)           Notwithstanding
any other provision of this Section 1604, no adjustment to the Conversion Price
shall reduce the Conversion Price below the then par value per share of the
Common Stock of the Company, and any such purported adjustment shall instead
reduce the Conversion Price to such par value.  Notwithstanding the
foregoing sentence, the Company hereby covenants that it will from time to time
take all such action as may be required to assure that the par value per share
of the Common Stock is at all times equal to or less than the Conversion
Price.

     

    (11)           In
the event that this Article Sixteen requires adjustments to the Conversion Price
under more than one of paragraphs (1), (2), (3) or (4) of this Section
1604, and the record or effective dates for the transaction giving rise to such
adjustments shall occur on the same date, then such adjustments shall be made by
applying (to the extent they are applicable), first, the provisions of
paragraph (3) of this Section 1604, second, the provisions of
paragraph (1) of this Section 1604, third, the provisions of
paragraph (4) of this Section 1604 and, fourth, the provisions of
paragraph (2) of this Section 1604.  Anything herein to the
contrary notwithstanding, no single event shall require or result in duplicative
adjustments in the Conversion Price pursuant to this Section
1604.  After an adjustment to the Conversion Price under this
Article Sixteen, any subsequent event requiring an adjustment under this
Article Sixteen shall cause an adjustment to the Conversion Price as so
adjusted.  If, after an adjustment, a Holder of a Security upon
conversion of such Security receives shares of two or more classes of Capital
Stock of the Company, the Conversion Price shall thereafter be subject to
adjustment upon the occurrence of an action taken with respect to any such class
of Capital Stock as is contemplated by this Article Sixteen with respect to the
Common Stock in this Article Sixteen.

    
      
         

      

      
        81

        
          

        

      

      
         

      

    

     

    SECTION
1605.            Notice of Adjustments of
Conversion Price.  Whenever
the Conversion Price is adjusted as herein provided:

     

    (1)           the
Company shall compute the adjusted Conversion Price in accordance with Section
1604 or Section 1611 and shall prepare an Officer’s Certificate setting forth
the adjusted Conversion Price and showing in reasonable detail the facts upon
which such adjustment is based, and such certificate shall forthwith be filed
(with a copy to the Trustee) at each office or agency maintained for the purpose
of conversion of any Securities pursuant to Section 1002; and

     

    (2)           a
notice stating that the Conversion Price has been adjusted and setting forth the
adjusted Conversion Price shall forthwith be required, and as soon as
practicable after it is required, such notice shall be mailed by the Company to
all Holders at their last addresses as they shall appear in the Security
Register.

     

    SECTION
1606.            Notice of Certain Corporate
Action.  In
case:

     

    (1)           the
Company shall take any action that would require a Conversion Price adjustment
pursuant to Section 1604 or Section 1611; or

     

    (2)           there
shall occur any reclassification of the Common Stock of the Company (other than
a subdivision or combination of its outstanding shares of Common Stock), or any
consolidation or merger to which the Company is a party, or the sale, transfer
or lease of all or substantially all of the assets of the Company and for which
approval of any stockholders of the Company is required; or

     

    (3)           there
shall occur the voluntary or involuntary dissolution, liquidation or winding up
of the Company, then the Company shall cause to be filed at each office or
agency maintained for the purpose of conversion of Securities pursuant to
Section 1002, and shall cause to be mailed to all Holders at their last
addresses as they shall appear in the Security Register, at least 10 days prior
to the applicable record, effective or expiration date hereinafter specified, a
notice stating (x) the date on which a record is to be taken for the purpose of
any dividend, distribution or granting of rights, warrants or options, or, if a
record is not to be taken, the date as of which the holders of Common Stock of
record to be entitled to such dividend, distribution, rights, options or
warrants are to be determined, or (y) the date on which such
reclassification, consolidation, merger, sale, transfer, dissolution,
liquidation or winding up is expected to become effective, and, if applicable,
the date as of which it is expected that holders of Common Stock of record shall
be entitled to exchange their shares of Common Stock for securities, cash or
other property deliverable upon such reclassification, consolidation, merger,
sale, transfer, dissolution, liquidation or winding up.

     

    SECTION
1607.            Company to Reserve Common
Stock.  The
Company shall at all times reserve and keep available, free from preemptive
rights, out of its authorized but unissued Common Stock, for the purpose of
effecting the conversion of Securities, a number of shares of Common Stock for
the conversion of all outstanding Securities of any series which is convertible
into Common Stock.

     

    SECTION
1608.            Taxes on
Conversion.  The
Company will pay any and all taxes that may be payable in respect of the issue
or delivery of shares of Common Stock on conversion of Securities pursuant
hereto.  The Company shall not, however, be required to pay any tax
which may be payable in respect of any transfer involved in the issue and
delivery of shares of Common Stock in a name other than that of the Holder of
the Security or Securities to be converted, and no such issue or delivery shall
be made unless and until the Person requesting such issue has paid to the
Company the amount of any such tax, or has established to the satisfaction of
the Company that such tax has been paid.

    
      
         

      

      
        82

        
          

        

      

      
         

      

    

     

    SECTION
1609.           
Covenants as to Common Stock.  The
Company covenants that all shares of Common Stock which may be issued upon
conversion of Securities will upon issue be duly and validly issued, fully paid
and nonassessable, free of preemptive or any similar rights, and, except as
provided in Section 1608, the Company will pay all taxes, liens and charges with
respect to the issue thereof.

     

    The
Company will endeavor promptly to comply with all Federal and state securities
laws regulating the offer and delivery of shares of Common Stock upon conversion
of Securities, if any, and will list or cause to have quoted such shares of
Common Stock on each national securities exchange or in the over-the-counter
market or such other market on which the Common Stock is then listed or
quoted.

     

    SECTION
1610.            Cancellation of Converted
Securities.  All
Securities delivered for conversion shall be delivered to the Trustee to be
cancelled by or at the direction of the Trustee, which shall dispose of the same
as provided in Section 309.

     

    SECTION
1611.            Provisions in Case of
Consolidation, Merger or Sale of Assets; Special
Distributions.  If
any of the following shall occur, namely:  (i) any
reclassification or change of outstanding shares of Common Stock issuable upon
conversion of Securities (other than a change in par value, or from par value to
no par value, or from no par value to par value, or as a result of a subdivision
or combination), (ii) any consolidation or merger to which the Company is a
party other than a merger in which the Company is the continuing corporation and
which does not result in any reclassification of, or change (other than a change
in name, or par value, or from par value to no par value, or from no par value
to par value or as a result of a subdivision or combination) in, outstanding
shares of Common Stock or (iii) any sale or conveyance of all or
substantially all of the property or business of the Company as an entirety,
then the Person formed by such consolidation or resulting from such merger or
which acquires such properties or assets, as the case may be, shall as a
condition precedent to such transaction execute and deliver to the Trustee a
supplemental indenture providing that the Holder of each Security then
outstanding shall have the right thereafter, during the period such Security
shall be convertible as specified in Section 1601, to convert such Security only
into the kind and amount of securities, cash and other property receivable, if
any, upon such consolidation, merger, sale, transfer or lease by a holder of the
number of shares of Common Stock of the Company into which such Security might
have been converted immediately prior to such consolidation, merger, sale,
transfer or lease; provided that the kind and amount of securities, cash and
other property so receivable shall be determined on the basis of the following
assumptions.  The holder of Common Stock referred to in the foregoing
sentence:

     

    (1)           is
not (a) a Person with which the Company consolidated, (b) a Person
into which the Company merged or which merged into the Company, or (c) a
Person to which such sale, transfer or lease was made  (any Person
described in the foregoing clauses (a), (b), or (c), hereinafter referred to as
a “Constituent Person”), or (d) an Affiliate of a Constituent Person;
and

     

    
      
        
           

        

        
          83

          
            

          

        

        
           

        

      

    

     

    (2)           failed
to exercise his rights of election, if any, as to the kind or amount of
securities, cash and other property receivable upon such consolidation, merger,
sale, transfer or lease (provided that if the kind or amount of securities, cash
and other property receivable upon such consolidation, merger, sale transfer or
lease is not the same for each share of Common Stock of the Company in respect
of which such rights of election shall not have been exercised, then for the
purpose of this Section 1611 the kind and amount of securities, cash and
other property receivable upon such consolidation, merger, sale, transfer or
lease shall be deemed to be the kind and amount so receivable per share by a
plurality of such shares of Common Stock).

     

    Such
supplemental indenture shall provide for adjustments which, for events
subsequent to the effective date of such supplemental indenture, shall be as
nearly equivalent as may be practicable to the adjustments provided for in this
Article Sixteen.  If, in the case of any such consolidation,
merger, sale transfer or lease the stock or other securities and property
(including cash) receivable thereupon by a holder of Common Stock includes
shares of stock or other securities and property of a corporation other than the
successor or purchasing corporation, as the case may be, in such consolidation,
merger, sale, transfer or lease then such supplemental indenture shall also be
executed by such other corporation and shall contain such additional provisions
to protect the interests of the Holders of the Securities as the Board of
Directors of the Company shall reasonably consider necessary by reason of the
foregoing.  The above provisions of this Section 1611 shall
similarly apply to successive consolidations, mergers, sales, transfers or
leases.

     

    In the
event the Company shall execute a supplemental indenture pursuant to this
Section 1611, the Company shall promptly file with the Trustee an Officers’
Certificate briefly stating the reasons therefor, the kind or amount of shares
of stock or securities or property (including cash) receivable by Holders of the
Securities upon the conversion of their Securities after any such
reclassification, change, consolidation, merger, sale, transfer or lease and any
adjustment to be made with respect thereto.

     

    If the
Company makes a distribution to all holders of its Common Stock that constitutes
an Unadjusted Distribution pursuant to the last sentence of paragraph (4) of
Section 1604, then, from and after the record date for determining the holders
of Common Stock entitled to receive such distribution (the “Distribution Record
Date”), a Holder of a Security who converts such Security in accordance with the
provisions of this Indenture shall, upon conversion, be entitled to receive, in
addition to the shares of Common Stock into which the Security is convertible,
the kind and amount of evidences of indebtedness, shares of Capital Stock, or
other assets or subscription rights or warrants, as the case may be, comprising
the distribution that such Holder would have received if such Holder had
converted the Security immediately prior to the Distribution Record
Date.

    
      
         

      

      
        84

        
          

        

      

      
         

      

    

     

    SECTION
1612.          Trustee Adjustment
Disclaimer; Company Determination Final.  The
Trustee has no duty to determine when an adjustment under this Article Sixteen
should be made, how it should be made or what it should be.  The
Trustee has no duty to determine whether a supplemental indenture under Section
1611 need be entered into or whether any provisions of any supplemental
indenture are correct.  The Trustee shall not be accountable for and
makes no representation as to the validity or value of any securities or assets
issued upon conversion of Securities.  The Trustee shall not be
responsible for the Company’s failure to comply with this Article
Sixteen.  Any determination that the Company or the Board of Directors
must make pursuant to this Article Sixteen is conclusive, absent manifest
error.

     

    SECTION
1613.          When No Adjustment
Required.  Except
as expressly set forth in Section 1604, no adjustment in the Conversion Price
shall be made because the Company issues, in exchange for cash, property or
services, shares of its Common Stock, or any securities convertible into or
exchangeable for shares of its Common Stock, or securities (including warrants,
rights and options) carrying the right to subscribe for or purchase shares of
its Common Stock or such convertible or exchangeable securities.

     

    (1)           Notwithstanding
anything herein to the contrary, no adjustment in the Conversion Price shall be
made pursuant to Section 1604 in respect of any dividend or distribution if the
Holders may participate therein (on a basis to be determined in good faith by
the Board of Directors) and receive the same consideration they would have
received if they had converted the Securities immediately prior to the record
date with respect to such dividend or distribution.

     

    SECTION
1614.          Equivalent
Adjustments.  In
the event that, as a result of an adjustment made pursuant to Section 1604
above, the holder of any Security thereafter surrendered for conversion shall
become entitled to receive any shares of Capital Stock of the Company other than
shares of its Common Stock, thereafter the Conversion Price of such other shares
so receivable upon conversion of any Securities shall be subject to adjustment
from time to time in a manner and on terms as nearly equivalent as practicable
to the provisions with respect to Common Stock contained in this
Article Sixteen.

    
      
         

      

      
        85

        
          

        

      

      
         

      

    

    SIGNATURES

     

    IN
WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly
executed all as of the day and year first above written.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        	
                                                                                CAMDEN
      NATIONAL CORPORATION

                                                                              
	 
      	 
      	 
	
                                                                                By:

                                                                              	 
      	 
	
                                                                                Name:

                                                                              	 
	
                                                                                Title:

                                                                              	 
	 	 	 
	 	
                                                                                 ,

                                                                              
	
                                                                                as
      Trustee

                                                                              	 
	 
      	 
      	 
	
                                                                                By:

                                                                              	 
      
	
                                                                                Name:

                                                                              	 
	
                                                                                Title:

                                                                              	 

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        86

        
          

        

      

      
         

      

    

    EXHIBIT
A

     

    FORM OF
REDEEMABLE OR NON-REDEEMABLE SENIOR SECURITY

     

    [Face of
Security]

     

    [If the
Holder of this Security (as indicated below) is The Depository Trust Company
(“DTC”) or a nominee of DTC, this Security is a Global Security and the
following two legends apply:

     

    Unless
this Security is presented by an authorized representative of The Depository
Trust Company a New York corporation (“DTC”) to the Company or its agent for
registration of transfer, conversion, exchange or payment, and such Security
issued is registered in the name of Cede & Co., or in such other name as
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.

     

    Unless and until this Security is
exchanged in whole or in part for Securities in certificated form, this Security
may not be transferred except as a whole by DTC to a nominee thereof or by a
nominee thereof to DTC or another nominee of DTC or by DTC or any such nominee
to a successor of DTC or a nominee of such successor.]

     

    [If this Security is an
Original Issue Discount Security, insert — FOR PURPOSES OF SECTION 1273
and 1275 OF THE UNITED STATES INTERNAL REVENUE CODE, THE AMOUNT OF ORIGINAL
ISSUE DISCOUNT ON THIS SECURITY IS ___% OF ITS PRINCIPAL AMOUNT, THE ISSUE DATE
IS __________, 20__, AND THE YIELD TO MATURITY IS ___%.  THE METHOD
USED TO DETERMINE THE AMOUNT OF ORIGINAL ISSUE DISCOUNT APPLICABLE TO THE SHORT
ACCRUAL PERIOD OF __________, 20__ TO __________, 20__, IS ___% OF THE PRINCIPAL
AMOUNT OF THIS SECURITY.]

     

    CAMDEN
NATIONAL CORPORATION

     

    [Designation
of Series]

     

    
      
        	
                No.
      __________

              	
                $__________

              

      

    

     

    CUSIP No.
__________

     

    CAMDEN
NATIONAL CORPORATION, a Maine corporation (herein referred to as the “Company,”
which term includes any successor corporation under the Indenture referred to on
the reverse hereof), for value received, hereby promises to pay to __________ or
registered assigns the principal sum of __________ Dollars on __________ (the
“Stated Maturity Date”)  [or insert date fixed for
earlier redemption (the “Redemption Date,” and together with the Stated
Maturity Date with respect to principal repayable on such date, the “Maturity
Date.”)]

     

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

     

    [If the Security is to bear
interest prior to Maturity, insert — and to pay interest thereon from
__________ or from the most recent Interest Payment Date to which interest has
been paid or duly provided for, semi-annually on __________ and __________ in
each year (each, an “Interest Payment Date”), commencing __________, at the rate
of ___% per annum, until the principal hereof is paid or duly provided
for.  The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Holder in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be the __________ or __________ (whether or not a
Business Day), as the case may be, next preceding such Interest Payment Date [at
the office or agency of the Company maintained for such purpose; provided, however, that such
interest may be paid, at the Company’s option, by mailing a check to such Holder
at its registered address or by transfer of funds to an account maintained by
such Holder within the United States].  Any such interest not so
punctually paid or duly provided for shall forthwith cease to be payable to the
Holder on such Regular Record Date, and may be paid to the Holder 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 may be paid at any time in any other lawful manner not inconsistent
with the requirements of any over-the-counter market or securities exchange on
which the Securities of this series may be quoted or listed, and upon such
notice as may be required by such market or exchange, all as more fully provided
in the Indenture.  Interest will be computed on the basis of a 360-day
year of twelve 30-day months.]

     

    [If the Security is not to
bear interest prior to Maturity, insert — The principal of this Security
shall not bear interest except in the case of a default in payment of principal
upon acceleration, upon redemption or at the [Stated] Maturity Date and in such
case the overdue principal of this Security shall bear interest at the rate of
___% per annum (to the extent that the payment of such interest shall be legally
enforceable), which shall accrue from the date of such default in payment to the
date payment of such principal has been made or duly provided
for.  Interest on any overdue principal shall be payable on
demand.  Any such interest on any overdue principal that is not so
paid on demand shall bear interest at the rate of ___% per annum (to the extent
that the payment of such interest shall be legally enforceable), which shall
accrue from the date of such demand for payment to the date payment of such
interest has been made or duly provided for, and such interest shall also be
payable on demand.]

     

    The
principal of this Security payable on the Stated Maturity Date [or the principal
of, premium or Make-Whole Amount, if any, and, if the Redemption Date is not an
Interest Payment Date, interest on this Security payable on the Redemption Date]
will be paid against presentation of this Security at the office or agency of
the Company maintained for that purpose in __________, in such coin or currency
of the United States of America as at the time of payment is legal tender for
the payment of public and private debts.

     

    Interest
payable on this Security on any Interest Payment Date and on the [Stated]
Maturity Date [or Redemption Date, as the case may be,] will include interest
accrued from and including the next preceding Interest Payment Date in respect
of which interest has been paid or duly provided for (or from and including
__________, if no interest has
been  paid  on  this Security) to but excluding
such Interest Payment Date or the [Stated] Maturity Date [or Redemption Date, as
the case may be.]  If any Interest Payment Date or the [Stated]
Maturity Date or [Redemption Date] falls on a day that is not a Business Day, as
defined below, principal, premium or Make-Whole Amount, if any, and/or interest
payable with respect to such Interest Payment Date or [Stated] Maturity Date [or
Redemption Date, as the case may be,] will be paid on the next succeeding
Business Day with the same force and effect as if it were paid on the date such
payment was due, and no interest shall accrue on the amount so payable for the
period from and after such Interest Payment Date or [Stated] Maturity Date [or
Redemption Date, as the case may be.]  “Business Day” means any day,
other than a Saturday or Sunday, that is neither a legal holiday nor a day on
which banking institutions in The City of New York are required or authorized by
law, regulation or executive order to close.

     

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

    

     

    [If this Security is a Global
Security, insert — All payments of principal, premium or Make-Whole
Amount, if any, and interest in respect of this Security will be made by the
Company in immediately available funds.]

     

    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 by
manual signature of one of its authorized signatories, this Security shall not
be entitled to any benefit under the Indenture, or be valid or obligatory for
any purpose.

     

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

     

    Dated:  __________

     

    
      
        
          	
                  CAMDEN
      NATIONAL CORPORATION

                
	 
      
	
                  By:

                	 
      
	 
      	
                  Name:

                
	 
      	
                  Title:

                

        

      

    

    

     

    
      
        
          	
                  Attest:

                
	 
      
	 
      
	
                  Secretary

                

        

      

    

    
      
         

      

      
        A-3

        
          

        

      

      
         

      

    

    [Reverse
of Security]

     

    CAMDEN
NATIONAL CORPORATION

     

    This
Security is one of a duly authorized issue of securities of the Company (herein
called the “Securities”), issued and to be issued in one or more series under
an

     

    Indenture,
dated as of __________, 20__ (herein called the “Indenture”) between the Company
and ______________________, as Trustee (herein called the “Trustee,” which term
includes any successor trustee under the Indenture with respect to the series of
which this Security is a part), 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.  This
Security is one of the duly authorized series of Securities designated on the
face hereof (collectively, the “Securities”), [if applicable, insert
— and the aggregate principal amount of the Securities to be issued under such
series is limited to $__________ (except for Securities authenticated and
delivered upon transfer of, or in exchange for, or in lieu of other
Securities).]  All terms used in this Security which are defined in
the Indenture shall have the meanings assigned to them in the
Indenture.

     

    If an
Event of Default, as defined in the Indenture, shall occur and be continuing,
the principal of the Securities of this series may be declared due and payable
in the manner and with the effect provided in the Indenture.

     

    [If applicable, insert
— The Securities may not be redeemed prior to the Stated Maturity
Date.]

     

    [If applicable, insert
— The Securities are subject to redemption [ (l) (If applicable,
insert — on __________ in any year commencing with the year __________
and ending with the year __________ through operation of the sinking fund for
this series at a Redemption Price equal to 100% of the principal amount, and (2)
] [If applicable,
insert — at any time [on or after __________], as a whole or in part, at
the election of the Company, at the following Redemption Prices (expressed as
percentages of the principal amount):

     

     If
redeemed on or before __________, ___% and if redeemed during the 12-month
period beginning __________ of the years indicated at the Redemption Prices
indicated below.

     

    
      
        
          
            
              
                
                  
                    
                      	
                              Year

                            	 	
                              Redemption
      Price

                            	 	
                              Year

                            	 	
                              Redemption
      Price

                            
	 
      	 	 
      	 	 
      	 	 
      

                    

                  

                

              

            

          

        

      

    

    

    and
thereafter at a Redemption Price equal to ___% of the principal amount, together
in the case of any such redemption [If applicable, insert
— (whether through operation of the sinking fund or otherwise)] with accrued
interest to the Redemption Date; provided, however,
that installments of interest on this Security whose Stated Maturity is on or
prior to such Redemption Date will be payable to the Holder of this Security, or
one or more Predecessor Securities, of record at the close of business on the
relevant Record Dates referred to on the face hereof, all as provided in the
Indenture.]

     

    
      
        
        

      

      
        A-4

        
          

        

      

      
        
        

      

    

     

    [If applicable, insert
— The Securities are subject to redemption (1) on __________ in any year
commencing with the year __________ and ending with the year __________ through
operation of the sinking fund for this series at the Redemption Prices for
redemption through operation of the sinking fund (expressed as percentages of
the principal amount) set forth in the table below, and (2) at any time [on or
after __________], as a whole or in part, at the election of the Company, at the
Redemption Prices for redemption otherwise than through operation of the sinking
fund (expressed as percentages of the principal amount) set forth in the table
below: If redeemed during the 12-month period beginning __________ of the years
indicated,

     

    
      
        
          
            
              
                
                  
                    	
                            Year

                          	 	
                            Redemption Price for

                            Redemption Through

                            Operation of the Sinking Fund

                          	 	
                            Redemption Price for

                            Redemption Otherwise Than

                            Through Operation of the

                            Sinking Fund

                          
	 
      	 	 
      	 	 
      

                  

                

              

            

          

        

      

    

     

    and
thereafter at a Redemption Price equal to ___% of the principal amount, together
in the case of any such redemption (whether through operation of the sinking
fund or otherwise) with accrued interest to the Redemption Date; provided, however, that
installments of interest on this Security whose Stated Maturity is on or prior
to such Redemption Date will be payable to the Holder of this Security, or one
or more Predecessor Securities, of record at the close of business on the
relevant Record Dates referred to on the face hereof, all as provided in the
Indenture.]

     

    [If applicable, insert
— Notwithstanding the foregoing, the Company may not, prior to __________,
redeem any Securities as contemplated by [Clause (2) of] the preceding paragraph
as a part of, or in anticipation of, any refunding operation by the application,
directly or indirectly, of moneys borrowed having an interest cost to the
Company (calculated in accordance with generally accepted financial practice) of
less than ___% per annum.]

     

    [If applicable, insert
— The sinking fund for the Securities provides for the redemption on __________
in each year, beginning with the year __________ and ending with the year
__________, of [not less than] $__________] [(“mandatory sinking fund”) and not
more than $__________] aggregate principal amount of the
Securities.  [The Securities acquired or redeemed by the Company
otherwise than through [mandatory] sinking fund payments may be credited against
subsequent [mandatory] sinking fund payments otherwise required to be made in
the [describe
order] order in which they become due.]]

     

    Notice of
redemption will be given by mail to Holders of Securities, not less than 30 nor
more than 60 days prior to the Redemption Date, all as provided in the
Indenture.

     

    
      
        
        

      

      
        A-5

        
          

        

      

      
        
        

      

    

     

    In the
event of redemption of this Security in part only, a new Security or Securities
for the unredeemed portion hereof shall be issued in the name of the Holder
hereof upon the cancellation hereof.

     

    [If
applicable, insert conversion provisions set forth in any Board Resolution or
indenture supplemental to the Indenture.]

     

    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 under the Indenture at any time by
the Company and the Trustee with the consent of the Holders of not less than a
majority of the aggregate principal amount of all Securities issued under the
Indenture at the time Outstanding and affected thereby.  The Indenture
also contains provisions permitting the Holders of not less than a majority of
the aggregate principal amount of the Outstanding Securities, on behalf of the
Holders of all such Securities, to waive compliance by the Company with certain
provisions of the Indenture.  Furthermore, provisions in the Indenture
permit the Holders of not less than a majority of the aggregate principal
amount, in certain instances, of the Outstanding Securities of any series to
waive, on behalf of all of the Holders of Securities of such series, certain
past defaults under the Indenture and their consequences.  Any such
consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and other
Securities issued upon the registration of transfer hereof or conversion or in
exchange herefor or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Security.

     

    No
reference herein to the Indenture and no provision of this Security or of the
Indenture shall alter or impair the obligation of the Company, which is absolute
and unconditional, to pay the principal of (and premium or Make-Whole Amount, if
any) and interest on this Security at the times, places and rate, and in the
coin or currency, herein prescribed.

     

    As
provided in the Indenture and subject to certain limitations therein [and
herein] set forth, the transfer of this Security is registrable in the Security
Register of the Company 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 premium or Make-Whole Amount, if any) and interest on this Security are
payable, duly endorsed by, or accompanied by a written instrument of transfer in
form satisfactory to the Company and the Security Registrar duly executed by,
the Holder hereof or by his attorney duly authorized in writing, and thereupon
one or more new Securities, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or
transferees.

     

    As
provided in the Indenture and subject to certain limitations therein [and
herein] set forth, this Security is exchangeable for a like aggregate principal
amount of Securities of different authorized denominations but otherwise having
the same terms and conditions, as requested by the Holder hereof surrendering
the same.

     

    The
Securities of this series are issuable only in registered form [without coupons]
in denominations of $__________ and any integral multiple thereof.

     

    
      
        
        

      

      
        A-6

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    No
recourse shall be had for the payment of the principal of or premium or
Make-Whole Amount, if any, or the interest on this Security, or for any claim
based hereon, or otherwise in respect hereof, or based on or in respect of the
Indenture or any indenture supplemental thereto, against any past, present or
future stockholder, employee, officer or director, as such, of the Company or of
any successor, either directly or through the Company or any successor, whether
by virtue of any constitution, statute or rule of law or by the enforcement of
any assessment or penalty or otherwise, all such liability being, by the
acceptance hereof and as part of the consideration for the issue hereof,
expressly waived and released.

     

    The
Indenture and the Securities shall be governed by and construed in accordance
with the laws of the State of New York applicable to agreements made and to be
performed entirely in such State.

    
      
         

      

      
        A-7

        
          

        

      

      
         

      

    

    EXHIBIT
B

    

    FORMS OF
CERTIFICATION

    

    EXHIBIT
B-1

     

    FORM OF
CERTIFICATE TO BE GIVEN BY PERSON ENTITLED TO RECEIVE BEARER

    SECURITY
OR TO OBTAIN INTEREST PAYABLE PRIOR TO THE EXCHANGE DATE

     

    CERTIFICATE

     

    [Insert
title or sufficient description of Securities to be delivered]

     

    This is
to certify that, as of the date hereof, and except as set forth below, the
above-captioned Securities held by you for our account (i) are owned by
person(s) that are not citizens or residents of the United States, domestic
partnerships, domestic corporations or any estate or trust the income of which
is subject to United States Federal income taxation regardless of its source
(“United States person(s)”), (ii) are owned by United States person(s) that are
(a) foreign branches of United States financial institutions (financial
institutions, as defined in United States Treasury Regulations Section
2.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing
for their own account or for resale, or (b) United States person(s) who acquired
the Securities through foreign branches of United States financial institutions
and who hold the Securities through such United States financial institutions on
the date hereof (and in either case (a) or (b), each such United States
financial institution hereby agrees, on its own behalf or through its agent,
that you may advise Camden National Corporation or its agent that such financial
institution will comply with the requirements of Section 165(j)(3)(A), (B) or
(C) of the United States Internal Revenue Code of 1986, as amended, and the
regulations thereunder), or (iii) are owned by United States or foreign
financial institution(s) for purposes of resale during the restricted period (as
defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)),
and, in addition, if the owner is a United States or foreign financial
institution described in clause (iii) above (whether or not also described in
clause (i) or (ii)), this is to further certify that such financial institution
has not acquired the Securities for purposes of resale directly or indirectly to
a United States person or to a person within the United States or its
possessions.

     

    As used
herein, “United States” means the United States of America (including the States
and the District of Columbia); and its “possessions” include Puerto Rico, the
U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana
Islands.

     

    We
undertake to advise you promptly by tested telex or by telecopy on or prior to
the date on which you intend to submit your certification relating to the
above-captioned Securities held by you for our account in accordance with your
operating procedures if any applicable statement herein is not correct on such
date, and in the absence of any such notification it may be assumed that this
certification applies as of such date.

     

    This
certificate excepts and does not relate to [U.S.$] of such interest in the
above-captioned Securities in respect of which we are not able to certify and as
to which we understand an exchange for an interest in a permanent Global
Security or an exchange for and delivery of definitive Securities (or, if
relevant, collection of any interest) cannot be made until we do so
certify.

     

    
      
        
        

      

      
        B-1

        
          

        

      

      
        
        

      

    

     

    We
understand that this certificate may be required in connection with certain tax
legislation in the United States.  If administrative or legal
proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate or a copy thereof to any interested party in such
proceedings.

     

    Dated:
__________

     

    [To be
dated no earlier than the 15th day prior to (i) the Exchange Date or (ii) the
relevant Interest Payment Date occurring prior to the Exchange Date, as
applicable]

     

    
      
        
          	
                  [Name
      of Person Making Certification]

                
	 
      
	 
      
	
                  (Authorized
      Signature)

                
	
                  Name:

                
	
                  Title:

                

        

      

    

    
      
         

      

      
        B-2

        
          

        

      

      
         

      

    

    EXHIBIT
B-2

     

    FORM OF
CERTIFICATE TO BE GIVEN BY EUROCLEAR AND CLEARSTREAM S.A. IN CONNECTION WITH THE
EXCHANGE OF A PORTION OF A TEMPORARY GLOBAL SECURITY OR TO OBTAIN INTEREST
PAYABLE PRIOR TO THE EXCHANGE DATE

     

    CERTIFICATE

     

    [Insert
title or sufficient description of Securities to be delivered]

     

    This is
to certify that, based solely on written certifications that we have received in
writing, by tested telex or by electronic transmission from each of the persons
appearing in our records as persons entitled to a portion of the principal
amount set forth below (our “Member Organizations”) substantially in the form
attached hereto, as of the date hereof, [U.S.$] principal amount of the
above-captioned Securities (i) is owned by person(s) that are not citizens or
residents of the United States, domestic partnerships, domestic corporations or
any estate or trust the income of which is subject to United States Federal
income taxation regardless of its source (“United States person(s)”), (ii) is
owned by United States person(s) that are (a) foreign branches of United States
financial institutions (financial institutions, as defined in U.S. Treasury
Regulations Section 1.165-12(c)(1)(v) are herein referred to as “financial
institutions”) purchasing for their own account or for resale, or (b) United
States person(s) who acquired the Securities through foreign branches of United
States financial institutions and who hold the Securities through such United
States financial institutions on the date hereof (and in either case (a) or (b),
each such financial institution has agreed, on its own behalf or through its
agent, that we may advise Camden National Corporation or its agent that such
financial institution will comply with the requirements of Section 165(j)(3)(A),
(B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations
thereunder), or (iii) is owned by United States or foreign financial
institution(s) for purposes of resale during the restricted period (as defined
in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and, to
the further effect, that financial institutions described in clause (iii) above
(whether or not also described in clause (i) or (ii)) have certified that they
have not acquired the Securities for purposes of resale directly or indirectly
to a United States person or to a person within the United States or its
possessions.

     

    As used
herein, “United States” means the United States of America (including the States
and the District of Columbia); and its “Possessions” include Puerto Rico, the
U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana
Islands.

     

    We
further certify that (i) we are not making available herewith for exchange (or,
if relevant, collection of any interest) any portion of the temporary Global
Security representing the above-captioned Securities excepted in the
above-referenced certificates of Member Organizations and (ii) as of the date
hereof we have not received any notification from any of our Member
Organizations to the effect that the statements made by such Member
Organizations with respect to any portion of the part submitted herewith for
exchange (or, if relevant, collection of any interest) are no longer true and
cannot be relied upon as of the date hereof.

     

    
      
        
        

      

      
        B-3

        
          

        

      

      
        
        

      

    

     

    We
understand that this certification is required in connection with certain tax
legislation in the United States.  If administrative or legal
proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate or a copy thereof to any interested party in such
proceedings.

     

    Dated:
__________

     

    [To be
dated no earlier than the Exchange Date or the relevant Interest Payment Date
occurring prior to the Exchange Date, as applicable]

     

    [Morgan
Guaranty Trust Company of New York, Brussels Office, as Operator of the
Euroclear System Clearstream Banking Luxembourg]

     

    
      
        
          	
                  By:

                	 
      
	 
      	
                  Name:

                
	 
      	
                  Title:

                

        

      

    

    
      
         

      

      
        B-4

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