Document:

exv4w3

 

Exhibit 4.3

LOGICAL APPS, INC.

2003 Equity Incentive Plan

Adopted March 13, 2003

Approved By Shareholders March 24, 2003

1. Purposes.

     (a) Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are
the Employees, Directors and Consultants of the Company and its Affiliates.

     (b) Available Stock Awards. The purpose of the Plan is to provide a means by which
eligible recipients of Stock Awards may be given an opportunity to benefit from increases in
value of the Common Stock through the granting of the following Stock Awards: (i)
Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) stock bonuses and (iv) rights
to acquire restricted stock.

     (c) General Purpose. The Company, by means of the Plan, seeks to retain the services
of the group of persons eligible to receive Stock Awards, to secure and retain the services
of new members of this group and to provide incentives for such persons to exert maximum
efforts for the success of the Company and its Affiliates.

2. Definitions.

     (a) “Affiliate” means any parent corporation or subsidiary corporation of the Company,
whether now or hereafter existing, as those terms are defined in Sections 424(e) and (f),
respectively, of the Code.

     (b) “Board” means the Board of Directors of the Company.

     (c) “Code” means the Internal Revenue Code of 1986, as amended.

     (d) “Committee” means a committee of one or more members of the Board appointed by the
Board in accordance with subsection 3(c).

     (e) “Common Stock” means the common stock of the Company.

     (f) “Company” means Logical Apps, Inc., a California corporation.

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     (g) “Consultant” means any person, including an advisor, (i) engaged by the Company or an
Affiliate to render consulting or advisory services and who is compensated for such services or
(ii) who is a member of the Board of Directors of an Affiliate. However, the term “Consultant”
shall not include either Directors who are not compensated by the Company for their services as
Directors or Directors who are merely paid a director’s fee by the Company for their services as
Directors.

     (h) “Continuous Service” means that the Participant’s service with the Company or an
Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. The
Participant’s Continuous Service shall not be deemed to have terminated merely because of a change
in the capacity in which the Participant renders service to the Company or an Affiliate as an
Employee, Consultant or Director or a change in the entity for which the Participant renders such
service, provided that there is no interruption or termination of the Participant’s Continuous
Service. For example, a change in status from an Employee of the Company to a Consultant of an
Affiliate or a Director will not constitute an interruption of Continuous Service. The Board or the
chief executive officer of the Company, in that party’s sole discretion, may determine whether
Continuous Service shall be considered interrupted in the case of any leave of absence approved by
that party, including sick leave, military leave or any other personal leave.

     (i) “Covered Employee” means the chief executive officer and the four (4) other highest
compensated officers of the Company for whom total compensation is required to be reported to
shareholders under the Exchange Act, as determined for purposes of Section 162(m) of the Code.

     (j) “Director” means a member of the Board of Directors of the Company.

     (k) “Disability” means (i) before the Listing Date, the inability of a person, in the opinion
of a qualified physician acceptable to the Company, to perform the major duties of that person’s
position with the Company or an Affiliate of the Company because of the sickness or injury of the
person and (ii) after the Listing Date, the permanent and total disability of a person within the
meaning of Section 22(e)(3) of the Code.

     (l) “Employee” means any person employed by the Company or an Affiliate. Mere service as a
Director or payment of a director’s fee by the Company or an Affiliate shall not be sufficient to
constitute “employment” by the Company or an Affiliate.

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

     (n) “Fair Market Value” means, as of any date, the value of the Common Stock determined as
follows:

          (i) If the Common Stock is listed on any established stock exchange or traded on the Nasdaq
National Market or the Nasdaq SmallCap Market, the Fair Market Value of a share of Common Stock
shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as
quoted on such exchange or market (or the exchange or market with the greatest volume of trading
in the Common Stock) on the last market trading day prior to the day

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of determination, as reported in The Wall Street Journal or such other source as the Board deems
reliable.

          (ii) In the absence of such markets for the Common Stock, the Fair Market Value shall be
determined in good faith by the Board.

          (iii) Prior to the Listing Date, the value of the Common Stock shall be determined in a manner
consistent with Section 260.140.50 of Title 10 of the California Code of Regulations.

     (o) “Incentive Stock Option” means an Option intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

     (p) “Listing Date” means the first date upon which any security of the Company is listed (or
approved for listing) upon notice of issuance on any securities exchange or designated (or
approved for designation) upon notice of issuance as a national market security on an interdealer
quotation system if such securities exchange or interdealer quotation system has been certified in
accordance with the provisions of Section 25100(o) of the California Corporate Securities Law of
1968.

     (q) “Non-Employee Director” means a Director who either (i) is not a current Employee or
Officer of the Company or its parent or a subsidiary, does not receive compensation (directly or
indirectly) from the Company or its parent or a subsidiary for services rendered as a consultant
or in any capacity other than as a Director (except for an amount as to which disclosure would not
be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act
(“Regulation S-K”)), does not possess an interest in any other transaction as to which disclosure
would be required under Item 404(a) of Regulation S-K and is not engaged in a business
relationship as to which disclosure would be required under Item 404(b) of Regulation S-K; or (ii)
is otherwise considered a “non-employee director” for purposes of Rule 16b-3.

     (r) “Nonstatutory Stock Option” means an Option not intended to qualify as an Incentive Stock
Option.

     (s) “Officer” means (i) before the Listing Date, any person designated by the Company as an
officer and (ii) on and after the Listing Date, a person who is an officer of the Company within
the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated
thereunder.

     (t) “Option” means an Incentive Stock Option or a Nonstatutory Stock Option granted pursuant
to the Plan.

     (u) “Option Agreement” means a written agreement between the Company and an Optionholder
evidencing the terms and conditions of an individual Option grant. Each Option Agreement shall be
subject to the terms and conditions of the Plan.

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     (v) “Optionholder” means a person to whom an Option is granted pursuant to the Plan or, if
applicable, such other person who holds an outstanding Option.

     (w) “Outside Director” means a Director who either (i) is not a current employee of the
Company or an “affiliated corporation” (within the meaning of Treasury Regulations promulgated
under Section 162(m) of the Code), is not a former employee of the Company or an “affiliated
corporation” receiving compensation for prior services (other than benefits under a tax-qualified
pension plan), was not an officer of the Company or an “affiliated corporation” at any time and is
not currently receiving direct or indirect remuneration from the Company or an “affiliated
corporation” for services in any capacity other than as a Director or (ii) is otherwise considered
an “outside director” for purposes of Section 162(m) of the Code.

     (x) “Participant” means a person to whom a Stock Award is granted pursuant to the Plan or, if
applicable, such other person who holds an outstanding Stock Award.

     (y) “Plan” means this Logical Apps, Inc. 2003 Equity Incentive Plan.

     (z) “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule
16b-3, as in effect from time to time.

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

     (bb) “Stock Award” means any right granted under the Plan, including an Option, a stock bonus
and a right to acquire restricted stock.

     (cc) “Stock Award Agreement” means a written agreement between the Company and a holder of a
Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock
Award Agreement shall be subject to the terms and conditions of the Plan.

     (dd) “Ten Percent Shareholder” means a person who owns (or is deemed to own pursuant to
Section 424(d) of the Code) stock possessing more than ten percent (10%) of the total combined
voting power of all classes of stock of the Company or of any of its Affiliates.

3. Administration.

     (a) Administration by Board. The Board shall administer the Plan unless and until the
Board delegates administration to a Committee, as provided in subsection 3(c).

     (b) Powers of Board. The Board shall have the power, subject to, and within
the limitations of, the express provisions of the Plan:

          (i) To determine from time to time which of the persons eligible under the Plan shall be
granted Stock Awards; when and how each Stock Award shall be granted; what type or combination of
types of Stock Award shall be granted; the provisions of each Stock Award granted (which need not
be identical), including the time or times when a person shall be

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permitted to receive Common Stock pursuant to a Stock Award; and the number of shares of Common
Stock with respect to which a Stock Award shall be granted to each such person.

          (ii) To construe and interpret the Plan and Stock Awards granted under it, and to establish,
amend and revoke rules and regulations for its administration. The Board, in the exercise of this
power, may correct any defect, omission or inconsistency in the Plan or in any Stock Award
Agreement, in a manner and to the extent it shall deem necessary or expedient to make the Plan
fully effective.

          (iii) To amend the Plan or a Stock Award as provided in Section 12.

          (iv) Generally, to exercise such powers and to perform such acts as the Board deems necessary
or expedient to promote the best interests of the Company which are not in conflict with the
provisions of the Plan.

     (c) Delegation to Committee.

          (i) General. The Board may delegate administration of the Plan to a Committee or Committees
of one (1) or more members of the Board, and the term “Committee” shall apply to any person or
persons to whom such authority has been delegated. If administration is delegated to a Committee,
the Committee shall have, in connection with the administration of the Plan, the powers
theretofore possessed by the Board, including the power to delegate to a subcommittee any of the
administrative powers the Committee is authorized to exercise (and references in this Plan to the
Board shall thereafter be to the Committee or subcommittee), subject, however, to such
resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time
by the Board. The Board may abolish the Committee at any time and revest in the Board the
administration of the Plan.

          (ii) Committee Composition when Common Stock is Publicly Traded. At
such time as the Common Stock is publicly traded, in the discretion of the Board, a Committee may
consist solely of two or more Outside Directors, in accordance with Section 162(m) of the Code,
and/or solely of two or more Non-Employee Directors, in accordance with Rule 16b-3. Within the
scope of such authority, the Board or the Committee may (1) delegate to a committee of one or more
members of the Board who are not Outside Directors the authority to grant Stock Awards to eligible
persons who are either (a) not then Covered Employees and are not expected to be Covered Employees
at the time of recognition of income resulting from such Stock Award or (b) not persons with
respect to whom the Company wishes to comply with Section 162(m) of the Code and/or) (2) delegate
to a committee of one or more members of the Board who are not Non-Employee Directors the
authority to grant Stock Awards to eligible persons who are not then subject to Section 16 of the
Exchange Act.

     (d) Effect of Board’s Decision. All determinations, interpretations and constructions made by
the Board in good faith shall not be subject to review by any person and shall be final, binding
and conclusive on all persons.

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4. Shares Subject to the Plan.

     (a) Share Reserve. Subject to the provisions of Section 11 relating to adjustments upon
changes in Common Stock, the Common Stock that may be issued pursuant to Stock Awards shall not
exceed in the aggregate five hundred thousand (500,000) shares of Common Stock.

     (b) Reversion of Shares to the Share Reserve. If any Stock Award shall for any reason expire
or otherwise terminate, in whole or in part, without having been exercised in full, the shares of
Common Stock not acquired under such Stock Award shall revert to and again become available for
issuance under the Plan.

     (c) Source of Shares. The shares of Common Stock subject to the Plan may be unissued shares
or reacquired shares, bought on the market or otherwise.

     (d) Share Reserve Limitation. Prior to the Listing Date and to the extent then required by
Section 260.140.45 of Title 10 of the California Code of Regulations, the total number of shares of
Common Stock issuable upon exercise of all outstanding Options and the total number of shares of
Common Stock provided for under any stock bonus or similar plan of the Company shall not exceed the
applicable percentage as calculated in accordance with the conditions and exclusions of Section
260.140.45 of Title 10 of the California Code of Regulations, based on the shares of Common
Stock of the Company that are outstanding at the time the calculation is made.1

5. Eligibility.

     (a) Eligibility for Specific Stock Awards. Incentive Stock Options may be granted only to
Employees. Stock Awards other than Incentive Stock Options may be granted to Employees,
Directors and Consultants.

     (b) Ten Percent Shareholders.

          (i) A Ten Percent Shareholder shall not be granted an Incentive Stock Option unless the
exercise price of such Option is at least one hundred ten percent (110%) of the Fair Market Value
of the Common Stock at the date of grant and the Option is not exercisable after the expiration of
five (5) years from the date of grant.

          (ii) Prior to the Listing Date, a Ten Percent Shareholder shall not be granted a Nonstatutory
Stock Option unless the exercise price of such Option is at least (i) one hundred ten

 

			
	1	 	Section 260.140.45 generally provides that the total number of shares issuable upon
exercise of all outstanding options (exclusive of certain rights) and the total number of shares
called for under any stock bonus or similar plan shall not exceed a number of shares which is equal
to 30% of the then outstanding shares of the issuer (convertible preferred or convertible senior
common shares counted on an as if converted basis), exclusive of shares subject to promotional
waivers under Section 260.141, unless a percentage higher than 30% is approved by at least
two-thirds of the outstanding shares entitled to vote.

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percent (110%) of the Fair Market Value of the Common Stock at the date of grant or (ii) such lower
percentage of the Fair Market Value of the Common Stock at the date of grant as is permitted by
Section 260.140.41 of Title 10 of the California Code of Regulations at the time of the grant of
the Option.

          (iii) Prior to the Listing Date, a Ten Percent Shareholder shall not be granted a restricted
stock award unless the purchase price of the restricted stock is at least (i) one hundred percent
(100%) of the Fair Market Value of the Common Stock at the date of grant or (ii) such lower
percentage of the Fair Market Value of the Common Stock at the date of grant as is permitted by
Section 260.140.41 of Title 10 of the California Code of Regulations at the time of the grant of
the restricted stock award.

     (c) Section 162(m) Limitation. Subject to the provisions of Section 11 relating to
adjustments upon changes in the shares of Common Stock, no Employee shall be eligible to be granted
Options covering more than two hundred fifty thousand (250,000) shares of Common Stock during any
calendar year. This subsection 5(c) shall not apply prior to the Listing Date and, following the
Listing Date, this subsection 5(c) shall not apply until (i) the earliest of: (1) the first
material modification of the Plan (including any increase in the number of shares of Common Stock
reserved for issuance under the Plan in accordance with Section 4); (2) the issuance of all of the
shares of Common Stock reserved for issuance under the Plan; (3) the expiration of the Plan; or (4)
the first meeting of shareholders at which Directors are to be elected that occurs after the close
of the third calendar year following the calendar year in which occurred the first registration of
an equity security under Section 12 of the Exchange Act; or (ii) such other date required by
Section 162(m) of the Code and the rules and regulations promulgated thereunder.

     (d) Consultants.

          (i) Prior to the Listing Date, a Consultant shall not be eligible for the grant of a Stock
Award if, at the time of grant, either the offer or the sale of the Company’s securities to such
Consultant is not exempt under Rule 701 of the Securities Act (“Rule 701”) because of the nature
of the services that the Consultant is providing to the Company, or because the Consultant is not
a natural person, or as otherwise provided by Rule 701, unless the Company determines that such
grant need not comply with the requirements of Rule 701 and will satisfy another exemption under
the Securities Act as well as comply with the securities laws of all other relevant jurisdictions.

          (ii) From and after the Listing Date, a Consultant shall not be eligible for the grant of a
Stock Award if, at the time of grant, a Form S-8 Registration Statement under the Securities Act
(“Form S-8”) is not available to register either the offer or the sale of the Company’s securities
to such Consultant because of the nature of the services that the Consultant is providing to the
Company, or because the Consultant is not a natural person, or as otherwise provided by the rules
governing the use of Form S-8, unless the Company determines both (i) that such grant (A) shall be
registered in another manner under the Securities Act (e.g., on a Form S-3 Registration Statement)
or (B) does not require registration under the Securities Act in

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order to comply with the requirements of the Securities Act, if applicable, and (ii) that such
grant complies with the securities laws of all other relevant jurisdictions.

          (iii) Rule 701 and Form S-8 generally are available to consultants and advisors only if (i)
they are natural persons; (ii) they provide bona fide services to the issuer, its parents, its
majority-owned subsidiaries or majority-owned subsidiaries of the issuer’s parent; and (iii) the
services are not in connection with the offer or sale of securities in a capital-raising
transaction, and do not directly or indirectly promote or maintain a market for the issuer’s
securities.

6. Option Provisions.

     Each Option shall be in such form and shall contain such terms and conditions as the Board
shall deem appropriate. All Options shall be separately designated Incentive Stock Options or
Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate
certificate or certificates will be issued for shares of Common Stock purchased on exercise of
each type of Option. The provisions of separate Options need not be identical, but each Option
shall include (through incorporation of provisions hereof by reference in the Option or otherwise)
the substance of each of the following provisions:

     (a) Term. Subject to the provisions of subsection 5(b) regarding Ten Percent Shareholders,
no Option granted prior to the Listing Date shall be exercisable after the expiration of ten (10)
years from the date it was granted, and no Incentive Stock Option granted on or after the Listing
Date shall be exercisable after the expiration of ten (10) years from the date it was granted.

     (b) Exercise Price of an Incentive Stock Option. Subject to the provisions of subsection
5(b) regarding Ten Percent Shareholders, the exercise price of each Incentive Stock Option shall be
not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to
the Option on the date the Option is granted. Notwithstanding the foregoing, an Incentive Stock
Option may be granted with an exercise price lower than that set forth in the preceding sentence if
such Option is granted pursuant to an assumption or substitution for another option in a manner
satisfying the provisions of Section 424(a) of the Code.

     (c) Exercise Price of a Nonstatutory Stock Option. Subject to the provisions of subsection
5(b) regarding Ten Percent Shareholders, the exercise price of each Nonstatutory Stock Option
granted prior to the Listing Date shall be not less than eighty-five percent (85%) of the Fair
Market Value of the Common Stock subject to the Option on the date the Option is granted. The
exercise price of each Nonstatutory Stock Option granted on or after the Listing Date shall be not
less than eighty-five percent (85%) of the Fair Market Value of the Common Stock subject to the
Option on the date the Option is granted. Notwithstanding the foregoing, a Nonstatutory Stock
Option may be granted with an exercise price lower than that set forth in the preceding sentence if
such Option is granted pursuant to an assumption or substitution for another option in a manner
satisfying the provisions of Section 424(a) of the Code.

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     (d) Consideration. The purchase price of Common Stock acquired pursuant to an Option shall
be paid, to the extent permitted by applicable statutes and regulations, either (i) in cash at the
time the Option is exercised or (ii) at the discretion of the Board at the time of the grant of the
Option (or subsequently in the case of a Nonstatutory Stock Option) (1) by delivery to the Company
of other Common Stock, (2) according to a deferred payment or other similar arrangement with the
Optionholder or (3) in any other form of legal consideration that may be acceptable to the Board.
Unless otherwise specifically provided in the Option, the purchase price of Common Stock acquired
pursuant to an Option that is paid by delivery to the Company of other Common Stock acquired,
directly or indirectly from the Company, shall be paid only by shares of the Common Stock of the
Company that have been held for more than six (6) months (or such longer or shorter period of time
required to avoid a charge to earnings for financial accounting purposes). At any time that the
Company is incorporated in Delaware, payment of the Common Stock’s “par value,” as defined in the
Delaware General Corporation Law, shall not be made by deferred payment.

     In the case of any deferred payment arrangement, interest shall be compounded at least
annually and shall be charged at the market rate of interest necessary to avoid a charge to
earnings for financial accounting purposes.

     (e) Transferability of an Incentive Stock Option. An Incentive Stock Option shall not be
transferable except by will or by the laws of descent and distribution and shall be exercisable
during the lifetime of the Optionholder only by the Optionholder. Notwithstanding the foregoing,
the Optionholder may, by delivering written notice to the Company, in a form satisfactory to the
Company, designate a third party who, in the event of the death of the Optionholder, shall
thereafter be entitled to exercise the Option.

     (f) Transferability of a Nonstatutory Stock Option. A Nonstatutory Stock Option granted prior
to the Listing Date shall not be transferable except by will or by the laws of descent and
distribution and, to the extent provided in the Option Agreement, to such further extent as
permitted by Section 260.140.41(d) of Title 10 of the California Code of Regulations at the time of
the grant of the Option, and shall be exercisable during the lifetime of the Optionholder only by
the Optionholder. A Nonstatutory Stock Option granted on or after the Listing Date shall be
transferable to the extent provided in the Option Agreement. If the Nonstatutory Stock Option does
not provide for transferability, then the Nonstatutory Stock Option shall not be transferable
except by will or by the laws of descent and distribution and shall be exercisable during the
lifetime of the Optionholder only by the Optionholder. Notwithstanding the foregoing, the
Optionholder may, by delivering written notice to the Company, in a form satisfactory to the
Company, designate a third party who, in the event of the death of the Optionholder, shall
thereafter be entitled to exercise the Option.

     (g) Vesting Generally. The total number of shares of Common Stock subject to an Option may,
but need not, vest and therefore become exercisable in periodic installments that may, but need
not, be equal. The Option may be subject to such other terms and conditions on the time or times
when it may be exercised (which may be based on performance or other criteria) as the Board may
deem appropriate. The vesting provisions of individual Options may

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vary. The provisions of this subsection 6(g) are subject to any Option provisions governing the
minimum number of shares of Common Stock as to which an Option may be exercised.

     (h) Minimum Vesting Prior to the Listing Date. Notwithstanding the foregoing subsection 6(g),
to the extent that the following restrictions on vesting are required by Section 260.140.4 l(f) of
Title 10 of the California Code of Regulations at the time of the grant of the Option, then:

          (i) Options granted prior to the Listing Date to an Employee who is not an Officer, Director
or Consultant shall provide for vesting of the total number of shares of Common Stock at a rate of
at least twenty percent (20%) per year over five (5) years from the date the Option was granted,
subject to reasonable conditions such as continued employment; and

          (ii) Options granted prior to the Listing Date to Officers, Directors or Consultants may be
made fully exercisable, subject to reasonable conditions such as continued employment, at any time
or during any period established by the Company.

     (i) Termination of Continuous Service. In the event an Optionholder’s Continuous Service
terminates (other than upon the Optionholder’s death or Disability), the Optionholder may exercise
his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of
the date of termination) but only within such period of time ending on the earlier of (i) the date
one (1) month following the termination of the Optionholder’s Continuous Service (or such longer
or shorter period specified in the Option Agreement, which period shall not be less than thirty
(30) days for Options granted prior to the Listing Date unless such termination is for cause), or
(ii) the expiration of the term of the Option as set forth in the Option Agreement. If, after
termination, the Optionholder does not exercise his or her Option within the time specified in the
Option Agreement, the Option shall terminate.

     (j) Extension of Termination Date. An Optionholder’s Option Agreement may also provide that
if the exercise of the Option following the termination of the Optionholder’s Continuous Service
(other than upon the Optionholder’s death or Disability) would be prohibited at any time solely
because the issuance of shares of Common Stock would violate the registration requirements under
the Securities Act, then the Option shall terminate on the earlier of (i) the expiration of the
term of the Option set forth in subsection 6(a) or (ii) the expiration of a period of three (3)
months after the termination of the Optionholder’s Continuous Service during which the exercise of
the Option would not be in violation of such registration requirements.

     (k) Disability of Optionholder. In the event that an Optionholder’s Continuous Service
terminates as a result of the Optionholder’s Disability, the Optionholder may exercise his or her
Option (to the extent that the Optionholder was entitled to exercise such Option as of the date of
termination), but only within such period of time ending on the earlier of (i) the date twelve
(12) months following such termination (or such longer or shorter period specified in the Option
Agreement, which period shall not be less than six (6) months for Options granted prior to the
Listing Date) or (ii) the expiration of the term of the Option as set forth in the Option

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Agreement. If, after termination, the Optionholder does not exercise his or her Option within the
time specified herein, the Option shall terminate.

     (1) Death of Optionholder. In the event (i) an Optionholder’s Continuous Service terminates as
a result of the Optionholder’s death or (ii) the Optionholder dies within the period (if any)
specified in the Option Agreement after the termination of the Optionholder’s Continuous Service
for a reason other than death, then the Option may be exercised (to the extent the Optionholder was
entitled to exercise such Option as of the date of death) by the Optionholder’s estate, by a person
who acquired the right to exercise the Option by bequest or inheritance or by a person designated
to exercise the option upon the Optionholder’s death pursuant to subsection 6(e) or 6(f), but only
within the period ending on the earlier of (1) the date eighteen (18) months following the date of
death (or such longer or shorter period specified in the Option Agreement, which period shall not
be less than six (6) months for Options granted prior to the Listing Date) or (2) the expiration of
the term of such Option as set forth in the Option Agreement. If, after death, the Option is not
exercised within the time specified herein, the Option shall terminate.

     (m) Early Exercise. The Option may, but need not, include a provision whereby the
Optionholder may elect at any time before the Optionholder’s Continuous Service terminates to
exercise the Option as to any part or all of the shares of Common Stock subject to the Option
prior to the full vesting of the Option. Subject to the “Repurchase Limitation” in subsection
10(h), any unvested shares of Common Stock so purchased may be subject to a repurchase option in
favor of the Company or to any other restriction the Board determines to be appropriate.

     (n) Right of Repurchase. Subject to the “Repurchase Limitation” in subsection 10(h), the
Option may, but need not, include a provision whereby the Company may elect, prior to the Listing
Date, to repurchase all or any part of the vested shares of Common Stock acquired by the
Optionholder pursuant to the exercise of the Option.

     (o) Right of First Refusal. The Option may, but need not, include a provision whereby the
Company may elect, prior to the Listing Date, to exercise a right of first refusal following
receipt of notice from the Optionholder of the intent to transfer all or any part of the shares of
Common Stock received upon the exercise of the Option. Except as expressly provided in this
subsection 6(o), such right of first refusal shall otherwise comply with any applicable provisions
of the Bylaws of the Company.

7. Provisions of Stock Awards other than Options.

     (a) Stock Bonus Awards. Each stock bonus agreement shall be in such form and shall contain
such terms and conditions as the Board shall deem appropriate. The terms and conditions of stock
bonus agreements may change from time to time, and the terms and conditions of separate stock
bonus agreements need not be identical, but each stock bonus agreement shall include (through
incorporation of provisions hereof by reference in the agreement or otherwise) the substance of
each of the following provisions:

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          (i) Consideration. A stock bonus may be awarded in consideration for past services actually
rendered to the Company or an Affiliate for its benefit.

          (ii) Vesting. Subject to the “Repurchase Limitation” in subsection 10(h), shares of Common
Stock awarded under the stock bonus agreement may, but need not, be subject to a share repurchase
option in favor of the Company in accordance with a vesting schedule to be determined by the
Board.

          (iii) Termination of Participant’s Continuous Service. Subject to the “Repurchase Limitation”
in subsection 10(h), in the event a Participant’s Continuous Service terminates, the Company may
reacquire any or all of the shares of Common Stock held by the Participant which have not vested
as of the date of termination under the terms of the stock bonus agreement.

          (iv) Transferability. For a stock bonus award made before the Listing Date, rights to acquire
shares of Common Stock under the stock bonus agreement shall not be transferable except by will or
by the laws of descent and distribution and shall be exercisable during the lifetime of the
Participant only by the Participant. For a stock bonus award made on or after the Listing Date,
rights to acquire shares of Common Stock under the stock bonus agreement shall be transferable by
the Participant only upon such terms and conditions as are set forth in the stock bonus agreement,
as the Board shall determine in its discretion, so long as Common Stock awarded under the stock
bonus agreement remains subject to the terms of the stock bonus agreement.

     (b) Restricted Stock Awards. Each restricted stock purchase agreement shall be in such form
and shall contain such terms and conditions as the Board shall deem appropriate. The terms and
conditions of the restricted stock purchase agreements may change from time to time, and the terms
and conditions of separate restricted stock purchase agreements need not be identical, but each
restricted stock purchase agreement shall include (through incorporation of provisions hereof by
reference in the agreement or otherwise) the substance of each of the following provisions:

          (i) Purchase Price. Subject- to the provisions of subsection 5(b) regarding Ten Percent
Shareholders, the purchase price under each restricted stock purchase agreement shall be such
amount as the Board shall determine and designate in such restricted stock purchase agreement. For
restricted stock awards made prior to the Listing Date, the purchase price shall not be less than
eighty-five percent (85%) of the Common Stock’s Fair Market Value on the date such award is made
or at the time the purchase is consummated. For restricted stock awards made on or after the
Listing Date, the purchase price shall not be less than eighty-five percent (85%) of the Common
Stock’s Fair Market Value on the date such award is made or at the time the purchase is
consummated.

          (ii) Consideration. The purchase price of Common Stock acquired pursuant to the restricted
stock purchase agreement shall be paid either: (i) in cash at the time of purchase; (ii) at the
discretion of the Board, according to a deferred payment or other similar arrangement with the
Participant; or (iii) in any other form of legal consideration that may be

12

 

acceptable to the Board in its discretion; provided, however, that at any time that the Company is
incorporated in Delaware, then payment of the Common Stock’s “par value,” as defined in the
Delaware General Corporation Law, shall not be made by deferred payment.

          (iii) Vesting. Subject to the “Repurchase Limitation” in subsection 10(h), shares of Common
Stock acquired under the restricted stock purchase agreement may, but need not, be subject to a
share repurchase option in favor of the Company in accordance with a vesting schedule to be
determined by the Board.

          (iv) Termination of Participant’s Continuous Service. Subject to the “Repurchase Limitation”
in subsection 10(h), in the event a Participant’s Continuous Service terminates, the Company may
repurchase or otherwise reacquire any or all of the shares of Common Stock held by the Participant
which have not vested as of the date of termination under the terms of the restricted stock
purchase agreement.

          (v) Transferability. For a restricted stock award made before the Listing Date, rights to
acquire shares of Common Stock under the restricted stock purchase agreement shall not be
transferable except by will or by the laws of descent and distribution and shall be exercisable
during the lifetime of the Participant only by the Participant. For a restricted stock award made
on or after the Listing Date, rights to acquire shares of Common Stock under the restricted stock
purchase agreement shall be transferable by the Participant only upon such terms and conditions as
are set forth in the restricted stock purchase agreement, as the Board shall determine in its
discretion, so long as Common Stock awarded under the restricted stock purchase agreement remains
subject to the terms of the restricted stock purchase agreement.

8. Covenants of the Company.

     (a) Availability of Shares. During the terms of the Stock Awards, the Company shall keep
available at all times the number of shares of Common Stock required to satisfy such Stock Awards.

     (b) Securities Law Compliance. The Company shall seek to obtain from each regulatory
commission or agency having jurisdiction over the Plan such authority as may be required to grant
Stock Awards and to issue and sell shares of Common Stock upon exercise of the Stock Awards;
provided, however, that this undertaking shall not require the Company to register under the
Securities Act the Plan, any Stock Award or any Common Stock issued or issuable pursuant to any
such Stock Award. If, after reasonable efforts, the Company is unable to obtain from any such
regulatory commission or agency the authority which counsel for the Company deems necessary for the
lawful issuance and sale of Common Stock under the Plan, the Company shall be relieved from any
liability for failure to issue and sell Common Stock upon exercise of such Stock Awards unless and
until such authority is obtained.

9. Use of Proceeds from Stock.

     Proceeds from the sale of Common Stock pursuant to Stock Awards shall constitute general
funds of the Company.

13

 

10. Miscellaneous.

     (a) Acceleration of Exercisability and Vesting. The Board shall have the power to accelerate
the time at which a Stock Award may first be exercised or the time during which a Stock Award or
any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Stock
Award stating the time at which it may first be exercised or the time during which it will vest.

     (b) Shareholder Rights. No Participant shall be deemed to be the holder of, or to have any of
the rights of a holder with respect to, any shares of Common Stock subject to such Stock Award
unless and until such Participant has satisfied all requirements for exercise of the Stock Award
pursuant to its terms.

     (c) No Employment or other Service Rights. Nothing in the Plan or any instrument executed or
Stock Award granted pursuant thereto shall confer upon any Participant any right to continue to
serve the Company or an Affiliate in the capacity in effect at the time the Stock Award was granted
or shall affect the right of the Company or an Affiliate to terminate (i) the employment of an
Employee with or without notice and with or without cause, (ii) the service of a Consultant
pursuant to the terms of such Consultant’s agreement with the Company or an Affiliate or (iii) the
service of a Director pursuant to the Bylaws of the Company or an Affiliate, and any applicable
provisions of the corporate law of the state in which the Company or the Affiliate is incorporated,
as the case may be.

     (d) Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market
Value (determined at the time of grant) of Common Stock with respect to which Incentive Stock
Options are exercisable for the first time by any Optionholder during any calendar year (under all
plans of the Company and its Affiliates) exceeds one hundred thousand dollars ($100,000), the
Options or portions thereof which exceed such limit (according to the order in which they were
granted) shall be treated as Nonstatutory Stock Options.

     (e) Investment Assurances. The Company may require a Participant, as a condition of exercising
or acquiring Common Stock under any Stock Award, (i) to give written assurances satisfactory to the
Company as to the Participant’s knowledge and experience in financial and business matters and/or
to employ a purchaser representative reasonably satisfactory to the Company who is knowledgeable
and experienced in financial and business matters and that he or she is capable of evaluating,
alone or together with the purchaser representative, the merits and risks of exercising the Stock
Award; and (ii) to give written assurances satisfactory to the Company stating that the Participant
is acquiring Common Stock subject to the Stock Award for the Participant’s own account and not with
any present intention of selling or otherwise distributing the Common Stock. The foregoing
requirements, and any assurances given pursuant to such requirements, shall be inoperative if (1)
the issuance of the shares of Common Stock upon the exercise or acquisition of Common Stock under
the Stock Award has been registered under a then currently effective registration statement under
the Securities Act or (2) as to any particular requirement, a determination is made by counsel for
the Company that such requirement need not be met in the circumstances under the then applicable
securities laws. The Company may, upon advice of counsel to the Company, place legends on stock
certificates

14

 

issued under the Plan as such counsel deems necessary or appropriate in order to comply with
applicable securities laws, including, but not limited to, legends restricting the transfer of the
Common Stock.

     (f) Withholding Obligations. To the extent provided by the terms of a Stock Award Agreement,
the Participant may satisfy any federal, state or local tax withholding obligation relating to the
exercise or acquisition of Common Stock under a Stock Award by any of the following means (in
addition to the Company’s right to withhold from any compensation paid to the Participant by the
Company) or by a combination of such means: (i) tendering a cash payment; (ii) authorizing the
Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable to
the Participant as a result of the exercise or acquisition of Common Stock under the Stock Award,
provided, however, that no shares of Common Stock are withheld with a value exceeding the minimum
amount of tax required to be withheld by law; or (iii) delivering to the Company owned and
unencumbered shares of Common Stock.

     (g) Information Obligation. Prior to the Listing Date, to the extent required by Section
260.140.46 of Title 10 of the California Code of Regulations, the Company shall deliver financial
statements to Participants at least annually. This subsection 10(g) shall not apply to key
Employees whose duties in connection with the Company assure them access to equivalent information.

     (h) Repurchase Limitation. The terms of any repurchase option shall be specified in the Stock
Award and may be either at Fair Market Value at the time of repurchase or at not less than the
original purchase price. To the extent required by Section 260.140.41 and Section 260.140.42 of
Title 10 of the California Code of Regulations at the time a Stock Award is made, any repurchase
option contained in a Stock Award granted prior to the Listing Date to a person who is not an
Officer, Director or Consultant shall be upon the terms described below:

          (i) Fair Market Value. If the repurchase option gives the Company the right to repurchase the
shares of Common Stock upon termination of employment at not less than the Fair Market Value of
the shares of Common Stock to be purchased on the date of termination of Continuous Service, then
(i) the right to repurchase shall be exercised for cash or cancellation of purchase money
indebtedness for the shares of Common Stock within ninety (90) days of termination of Continuous
Service (or in the case of shares of Common Stock issued upon exercise of Stock Awards after such
date of termination, within ninety (90) days after the date of the exercise) or such longer period
as may be agreed to by the Company and the Participant (for example, for purposes of satisfying
the requirements of Section 1202(c)(3) of the Code regarding “qualified small business stock”) and
(ii) the right terminates when the shares of Common Stock become publicly traded.

          (ii) Original Purchase Price. If the repurchase option gives the Company the right to
repurchase the shares of Common Stock upon termination of Continuous Service at the original
purchase price, then (i) the right to repurchase at the original purchase price shall lapse at the
rate of at least twenty percent (20%) of the shares of Common Stock per year over five (5) years
from the date the Stock Award is granted (without respect to the date the Stock Award was
exercised or became exercisable) and (ii) the right to repurchase shall be exercised for cash or

15

 

cancellation of purchase money indebtedness for the shares of Common Stock within ninety (90) days
of termination of Continuous Service (or in the case of shares of Common Stock issued upon
exercise of Options after such date of termination, within ninety (90) days after the date of the
exercise) or such longer period as may be agreed to by the Company and the Participant (for
example, for purposes of satisfying the requirements of Section 1202(c)(3) of the Code regarding
“qualified small business stock”).

11. Adjustments upon Chances in Stock.

     (a) Capitalization Adjustments. If any change is made in the Common Stock subject to the
Plan, or subject to any Stock Award, without the receipt of consideration by the Company (through
merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend
in property other than cash, stock split, liquidating dividend, combination of shares, exchange of
shares, change in corporate structure or other transaction not involving the receipt of
consideration by the Company), the Plan will be appropriately adjusted in the class(es) and maximum
number of securities subject to the Plan pursuant to subsection 4(a) and the maximum number of
securities subject to award to any person pursuant to subsection 5(c), and the outstanding Stock
Awards will be appropriately adjusted in the class(es) and number of securities and price per share
of Common Stock subject to such outstanding Stock Awards. The Board shall make such adjustments,
and its determination shall be final, binding and conclusive. (The conversion of any convertible
securities of the Company shall not be treated as a transaction “without receipt of consideration”
by the Company.)

     (b) Dissolution or Liquidation. In the event of a dissolution or liquidation of the Company,
then all outstanding Stock Awards shall terminate immediately prior to such event.

     (c) Asset Sale, Merger, Consolidation or Reverse Merger. In the event of (i) a
sale, lease or other disposition of all or substantially all of the assets of the Company, (ii) a
merger or consolidation in which the Company is not the surviving corporation or (iii) a reverse
merger in which the Company is the surviving corporation but the shares of Common Stock outstanding
immediately preceding the merger are converted by virtue of the merger into other property, whether
in the form of securities, cash or otherwise (individually, a “Corporate Transaction”), then any
surviving corporation or acquiring corporation shall assume any Stock Awards outstanding under the
Plan or shall substitute similar stock awards (including an award to acquire the same consideration
paid to the shareholders in the Corporate Transaction) for those outstanding under the Plan. In the
event any surviving corporation or acquiring corporation refuses to assume such Stock Awards or to
substitute similar stock awards for those outstanding under the Plan, then with respect to Stock
Awards held by Participants whose Continuous Service has not terminated, the vesting of such Stock
Awards (and, if applicable, the time during which such Stock Awards may be exercised) shall be
accelerated in full, and the Stock Awards shall terminate if not exercised (if applicable) at or
prior to the Corporate Transaction. With respect to any other Stock Awards outstanding under the
Plan, such Stock Awards shall terminate if not exercised (if applicable) prior to the Corporate
Transaction.

16

 

12. Amendment of the Plan and Stock Awards.

     (a) Amendment of Plan. The Board at any time, and from time to time, may amend the Plan.
However, except as provided in Section 11 relating to adjustments upon changes in Common Stock, no
amendment shall be effective unless approved by the shareholders of the Company to the extent
shareholder approval is necessary to satisfy the requirements of Section 422 of the Code, Rule
16b-3 or any Nasdaq or securities exchange listing requirements.

     (b) Shareholder Approval. The Board may, in its sole discretion, submit any other amendment to
the Plan for shareholder approval, including, but not limited to, amendments to the Plan intended
to satisfy the requirements of Section 162(m) of the Code and the regulations thereunder regarding
the exclusion of performance-based compensation from the limit on corporate deductibility of
compensation paid to certain executive officers.

     (c) Contemplated Amendments. It is expressly contemplated that the Board may amend the Plan
in any respect the Board deems necessary or advisable to provide eligible Employees with the
maximum benefits provided or to be provided under the provisions of the Code and the regulations
promulgated thereunder relating to Incentive Stock Options and/or to bring the Plan and/or
Incentive Stock Options granted under it into compliance therewith.

     (d) No Impairment of Rights. Rights under any Stock Award granted before amendment of the
Plan shall not be impaired by any amendment of the Plan unless (i) the Company requests the consent
of the Participant and (ii) the Participant consents in writing.

     (e) Amendment of Stock Awards. The Board at any time, and from time to time, may amend the
terms of any one or more Stock Awards; provided, however, that the rights under any Stock Award
shall not be impaired by any such amendment unless (i) the Company requests the consent of the
Participant and (ii) the Participant consents in writing.

13. Termination or Suspension of the Plan.

     (a) Plan Term. The Board may suspend or terminate the Plan at any time. Unless sooner
terminated, the Plan shall terminate on the day before the tenth (10th) anniversary of the date the
Plan is adopted by the Board or approved by the shareholders of the Company, whichever is earlier.
No Stock Awards may be granted under the Plan while the Plan is suspended or after it is
terminated.

     (b) No Impairment of Rights. Suspension or termination of the Plan shall not impair rights
and obligations under any Stock Award granted while the Plan is in effect except with the written
consent of the Participant.

14. Effective Date of Plan.

     The Plan shall become effective as determined by the Board, but no Stock Award shall be
exercised (or, in the case of a stock bonus, shall be granted) unless and until the Plan has been

17

 

approved by the shareholders of the Company, which approval shall be within twelve (12) months
before or after the date the Plan is adopted by the Board.

15. Choice of Law.

     The law of the State of California shall govern all questions concerning the construction,
validity and interpretation of this Plan, without regard to such state’s conflict of laws rules.

18exv4w2xay

 

Exhibit 4.2(a)

FORM OF SUBORDINATED INDENTURE

Dated as of

[          ]

between

Fidelity National Financial, Inc.

and

The Bank of New York Trust Company, N.A., as Trustee

Subordinated Debt Securities

 

 

CROSS-REFERENCE TABLE

	 	 	 
	TRUST INDENTURE ACT SECTION

	 	INDENTURE SECTION
	 
	 	 
	SECTION 310(a)(1)

	 	6.10, 6.12
	(a) (2)

	 	6.12
	(a) (3)

	 	NOT APPLICABLE
	(a) (4)

	 	NOT APPLICABLE
	(a) (5)

	 	6.12
	(b)

	 	6.10, 6.12
	SECTION 311(a)

	 	6.3
	(b)

	 	6.3
	SECTION 312(a)

	 	6.8
	(b)

	 	6.8
	(c)

	 	6.8
	SECTION 313(a)

	 	6.7
	(b)

	 	6.7
	(c)

	 	6.7
	(d)

	 	6.7
	SECTION 314(a)

	 	9.6, 9.7
	(b)

	 	NOT APPLICABLE
	(c) (1)

	 	1.2
	(c) (2)

	 	1.2
	(c) (3)

	 	NOT APPLICABLE
	(d)

	 	NOT APPLICABLE
	(e)

	 	1.2
	SECTION 315(a)

	 	6.1
	(b)

	 	6.6
	(c)

	 	6.1
	(d)

	 	6.1
	(e)

	 	5.15
	SECTION 316(a)

	 	1.1
	(a) (1) (A)

	 	5.8
	(a) (1) (B)

	 	5.7
	(a) (2)

	 	NOT APPLICABLE
	(b)

	 	5.10
	(c)

	 	1.4
	SECTION 317(a) (1)

	 	5.3
	(a) (2)

	 	5.4
	(b)

	 	9.3
	SECTION 318(a)

	 	1.11

	NOTE: This cross-reference table shall not, for any purpose, be deemed to be a part of the
Indenture.

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	ARTICLE 1 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	 	 	1	 
	     Section 1.1.
	 	Definitions	 	 	1	 
	     Section 1.2.
	 	Compliance Certificates and Opinions	 	 	9	 
	     Section 1.3.
	 	Form of Documents Delivered to Trustee	 	 	9	 
	     Section 1.4.
	 	Acts of Holders	 	 	10	 
	     Section 1.5.
	 	Notices, etc., to Trustee and Company	 	 	11	 
	     Section 1.6.
	 	Notice to Holders; Waiver	 	 	12	 
	     Section 1.7.
	 	Headings and Table of Contents	 	 	12	 
	     Section 1.8.
	 	Successors and Assigns	 	 	12	 
	     Section 1.9.
	 	Separability	 	 	12	 
	     Section 1.10.
	 	Benefits of Indenture	 	 	13	 
	     Section 1.11.
	 	Governing Law	 	 	13	 
	     Section 1.12.
	 	Legal Holidays	 	 	13	 
	     Section 1.13.
	 	Force Majeure	 	 	13	 
	     Section 1.14.
	 	Waiver of Jury Trial	 	 	13	 
	 
	 	 	 	 	 	 
	ARTICLE 2 SECURITY FORMS	 	 	13	 
	     Section 2.1.
	 	Forms Generally	 	 	13	 
	     Section 2.2.
	 	Form of Trustee’s Certificate of Authentication	 	 	14	 
	     Section 2.3.
	 	Securities in Global Form	 	 	14	 
	     Section 2.4.
	 	Form of Legend for Securities in Global Form	 	 	15	 
	 
	 	 	 	 	 	 
	ARTICLE 3 THE SECURITIES	 	 	15	 
	     Section 3.1.
	 	Amount Unlimited; Issuable in Series	 	 	15	 
	     Section 3.2.
	 	Denominations	 	 	18	 
	     Section 3.3.
	 	Execution, Authentication, Delivery and Dating	 	 	19	 
	     Section 3.4.
	 	Temporary Securities	 	 	21	 
	     Section 3.5.
	 	Registration, Transfer and Exchange	 	 	21	 
	     Section 3.6.
	 	Replacement Securities	 	 	25	 
	     Section 3.7.
	 	Payment of Interest; Interest Rights Preserved	 	 	26	 
	     Section 3.8.
	 	Persons Deemed Owners	 	 	27	 

i

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	     Section 3.9.
	 	Cancellation	 	 	28	 
	     Section 3.10.
	 	Computation of Interest	 	 	28	 
	     Section 3.11.
	 	CUSIP Numbers	 	 	28	 
	     Section 3.12.
	 	Currency of Payment in Respect of Securities	 	 	28	 
	 
	 	 	 	 	 	 
	ARTICLE 4 SATISFACTION, DISCHARGE AND DEFEASANCE	 	 	28	 
	     Section 4.1.
	 	Termination of Company’s Obligations Under the Indenture	 	 	28	 
	     Section 4.2.
	 	Application of Trust Funds	 	 	30	 
	     Section 4.3.
	 	Applicability of Defeasance Provisions; Company’s Option to Effect Defeasance or Covenant Defeasance	 	 	30	 
	     Section 4.4.
	 	Defeasance	 	 	30	 
	     Section 4.5.
	 	Covenant Defeasance	 	 	31	 
	     Section 4.6.
	 	Conditions to Defeasance or Covenant Defeasance	 	 	31	 
	     Section 4.7.
	 	Deposited Money and Government Obligations to Be Held in Trust	 	 	33	 
	     Section 4.8.
	 	Repayment to Company	 	 	33	 
	     Section 4.9.
	 	Indemnity for Government Obligations	 	 	34	 
	     Section 4.10.
	 	Reinstatement	 	 	34	 
	 
	 	 	 	 	 	 
	ARTICLE 5 DEFAULTS AND REMEDIES	 	 	34	 
	     Section 5.1.
	 	Events of Default	 	 	34	 
	     Section 5.2.
	 	Acceleration; Rescission and Annulment	 	 	35	 
	     Section 5.3.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee	 	 	36	 
	     Section 5.4.
	 	Trustee May File Proofs of Claim	 	 	37	 
	     Section 5.5.
	 	Trustee May Enforce Claims Without Possession of Securities or Coupons	 	 	38	 
	     Section 5.6.
	 	Delay or Omission Not Waiver	 	 	38	 
	     Section 5.7.
	 	Waiver of Past Defaults	 	 	38	 
	     Section 5.8.
	 	Control by Majority	 	 	38	 
	     Section 5.9.
	 	Limitation on Suits by Holders	 	 	38	 
	     Section 5.10.
	 	Rights of Holders to Receive Payment	 	 	39	 
	     Section 5.11.
	 	Application of Money Collected	 	 	39	 
	     Section 5.12.
	 	Restoration of Rights and Remedies	 	 	40	 
	     Section 5.13.
	 	Rights and Remedies Cumulative	 	 	40	 
	     Section 5.14.
	 	Waiver of Stay or Extension Laws	 	 	40	 
	     Section 5.15.
	 	Undertaking for Costs	 	 	40	 

ii

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	ARTICLE 6 THE TRUSTEE	 	 	41	 
	     Section 6.1.
	 	Certain Duties and Responsibilities of the Trustee	 	 	41	 
	     Section 6.2.
	 	Rights of Trustee	 	 	41	 
	     Section 6.3.
	 	Trustee May Hold Securities	 	 	42	 
	     Section 6.4.
	 	Money Held in Trust	 	 	42	 
	     Section 6.5.
	 	Trustee’s Disclaimer	 	 	42	 
	     Section 6.6.
	 	Notice of Defaults	 	 	43	 
	     Section 6.7.
	 	Reports by Trustee to Holders	 	 	43	 
	     Section 6.8.
	 	Securityholder Lists	 	 	43	 
	     Section 6.9.
	 	Compensation and Indemnity	 	 	43	 
	     Section 6.10.
	 	Replacement of Trustee	 	 	44	 
	     Section 6.11.
	 	Acceptance of Appointment by Successor	 	 	46	 
	     Section 6.12.
	 	Eligibility; Disqualification	 	 	47	 
	     Section 6.13.
	 	Merger, Conversion, Consolidation or Succession to Business	 	 	47	 
	     Section 6.14.
	 	Appointment of Authenticating Agent	 	 	48	 
	 
	 	 	 	 	 	 
	ARTICLE 7 CONSOLIDATION, MERGER OR SALE BY THE COMPANY	 	 	49	 
	     Section 7.1.
	 	Consolidation, Merger or Sale of Assets Permitted	 	 	49	 
	     Section 7.2.
	 	Successor Person Substituted for Company	 	 	50	 
	 
	 	 	 	 	 	 
	ARTICLE 8 SUPPLEMENTAL INDENTURES	 	 	50	 
	     Section 8.1.
	 	Supplemental Indentures Without Consent of Holders	 	 	50	 
	     Section 8.2.
	 	Supplemental Indentures With Consent of Holders	 	 	51	 
	     Section 8.3.
	 	Compliance with Trust Indenture Act	 	 	52	 
	     Section 8.4.
	 	Execution of Supplemental Indentures	 	 	52	 
	     Section 8.5.
	 	Effect of Supplemental Indentures	 	 	53	 
	     Section 8.6.
	 	Reference in Securities to Supplemental Indentures	 	 	53	 
	 
	 	 	 	 	 	 
	ARTICLE 9 COVENANTS	 	 	53	 
	     Section 9.1.
	 	Payment of Principal, Premium, if any, and Interest	 	 	53	 
	     Section 9.2.
	 	Maintenance of Office or Agency	 	 	53	 
	     Section 9.3.
	 	Money for Securities Payments to Be Held in Trust; Unclaimed Money	 	 	54	 
	     Section 9.4.
	 	Corporate Existence	 	 	55	 
	     Section 9.5.
	 	Maintenance of Properties	 	 	56	 
	     Section 9.6.
	 	[Intentionally omitted]	 	 	56	 

iii

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	     Section 9.7.
	 	Annual Review Certificate	 	 	56	 
	     Section 9.8.
	 	[Intentionally omitted]	 	 	56	 
	     Section 9.9.
	 	Taxes	 	 	56	 
	     Section 9.10.
	 	Additional Amounts	 	 	56	 
	     Section 9.11.
	 	Calculation of Original Issue Discount	 	 	57	 
	 
	 	 	 	 	 	 
	ARTICLE 10 REDEMPTION	 	 	57	 
	     Section 10.1.
	 	Applicability of Article	 	 	57	 
	     Section 10.2.
	 	Election to Redeem; Notice to Trustee	 	 	57	 
	     Section 10.3.
	 	Selection of Securities to Be Redeemed	 	 	58	 
	     Section 10.4.
	 	Notice of Redemption	 	 	58	 
	     Section 10.5.
	 	Deposit of Redemption Price	 	 	59	 
	     Section 10.6.
	 	Securities Payable on Redemption Date	 	 	59	 
	     Section 10.7.
	 	Securities Redeemed in Part	 	 	60	 
	 
	 	 	 	 	 	 
	ARTICLE 11 SINKING FUNDS	 	 	60	 
	     Section 11.1.
	 	Applicability of Article	 	 	60	 
	     Section 11.2.
	 	Satisfaction of Sinking Fund Payments with Securities	 	 	61	 
	     Section 11.3.
	 	Redemption of Securities for Sinking Fund	 	 	61	 
	 
	 	 	 	 	 	 
	ARTICLE 12 SUBORDINATION OF SECURITIES	 	 	61	 
	     Section 12.1.
	 	Securities Subordinate to Senior Indebtedness	 	 	61	 
	     Section 12.2.
	 	Payments to Securityholders	 	 	62	 
	     Section 12.3.
	 	Subrogation to Rights of Holders of Senior Indebtedness	 	 	63	 
	     Section 12.4.
	 	Relative Rights	 	 	64	 
	     Section 12.5.
	 	Trustee to Effectuate Subordination	 	 	64	 
	     Section 12.6.
	 	Subordination May Not Be Impaired	 	 	65	 
	     Section 12.7.
	 	Notice to Trustee	 	 	65	 
	     Section 12.8.
	 	Reliance on Certificate of Liquidating Agent	 	 	66	 
	     Section 12.9.
	 	Trustee Not Fiduciary for Holders of Senior Indebtedness	 	 	66	 
	     Section 12.10.
	 	Rights of Trustee as Holder of Senior Indebtedness	 	 	66	 
	     Section 12.11.
	 	Article Applicable to Paying Agent	 	 	66	 
	     Section 12.12.
	 	Payment Permitted if No Event Specified in Section 12.2.	 	 	67	 

iv

 

          SUBORDINATED INDENTURE, dated as of [          ], between Fidelity National Financial,
Inc., a Delaware corporation (the “Company”) and The Bank of New York Trust Company, N.A., a
national banking association (the “Trustee”).

RECITALS

          The Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance from time to time of its unsecured subordinated debentures, notes or other evidences
of indebtedness (“Securities”) to be issued in one or more series as herein provided.

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

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

ARTICLE 1

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

     Section 1.1. 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 Trust Indenture Act, either
directly or by reference therein, have the meanings assigned to them therein;

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

               (4) 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” shall have the meaning set forth in Section 1.4(a).

          “Additional Amounts” means any additional amounts which, pursuant to Section 3.1(b)(18), are
required by the terms of the Securities of any series, under circumstances specified pursuant to
Section 3.1(b)(18), to be paid by the Company in respect of certain Securities of such series
specified pursuant to Section 3.1(b)(18).

          “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by, or under direct or indirect common control with, such specified Person. For
purposes of this definition, “control” 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.

          “Agent” means any Paying Agent or Registrar.

          “Authenticating Agent” means any authenticating agent appointed by the Trustee pursuant to
Section 6.14.

          “Authorized Newspaper” means a newspaper of general circulation, in the official language of
the country of publication or in the English language, customarily published on each Business Day
whether or not published on Saturdays, Sundays or holidays. Whenever successive publications in an
Authorized Newspaper are required hereunder they may be made (unless otherwise expressly provided
herein) on the same or different days of the week and in the same or different Authorized
Newspapers.

          “Bankruptcy Law” shall have the meaning set forth in Section 5.1.

          “Bearer Security” means any Security issued hereunder which is payable to bearer.

          “Board” or “Board of Directors” means the Board of Directors of the Company or any duly
authorized committee thereof.

          “Board Resolution” means a copy of a resolution of the Board of Directors, 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 the certificate, and 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 pursuant to Section 3.1, each Monday, Tuesday, Wednesday, Thursday and Friday
which is not a day on which banking institutions in that Place of Payment or particular location
are authorized or obligated by law or executive order to close.

          “Commission” means the Securities and Exchange Commission, as from time to time constituted,
created under the Securities Exchange Act of 1934, or, if at any time after the execution of this
Indenture such Commission is not existing and performing the duties now assigned to it under the
Trust Indenture Act, then the body performing such duties at such time.

          “Company” means the party 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 means such successor.

          “Company Order” and “Company Request” mean, respectively, a written order or request signed in
the name of the Company by two Officers, one of whom must be the Chairman of the Board, the
President, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller or
any Vice President of the Company.

2

 

          “Consolidated Tangible Assets” means, with respect to the Company as at any date, the total
assets of the Company and its consolidated Subsidiaries, less goodwill, each determined in
accordance with GAAP as they appear on the most recently prepared consolidated balance sheet of the
Company as of the end of a fiscal quarter.

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

          “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 10161 Centurion Parkway, Jacksonville, FL 32256, Attention: Corporate Trust
Administration.

          “Currency” means Dollars or any Foreign Currency.

          “Custodian” shall have the meaning set forth in Section 5.1.

          “Debt” means indebtedness for borrowed money or evidenced by bonds, notes, debentures or other
similar instruments.

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

          “Defaulted Interest” shall have the meaning set forth in Section 3.7(b).

          “Depository” when used with respect to the Securities of or within any series issuable or
issued in whole or in part in global form, means the Person designated as Depository by the Company
pursuant to Section 3.1 and its successors in such capacity, and if at any time there is more than
one such Person, shall be a collective reference to such Persons.

          “Dollar” and “$” mean the currency of the United States as at the time of payment is legal
tender for the payment of public and private debts.

          “Event of Default” shall have the meaning set forth in Section 5.1.

          “Foreign Currency” means any currency, currency unit or composite currency 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.

          “GAAP” means generally accepted accounting principles in the United States as in effect on the
date of application thereof.

          “Government Obligations” means securities which are (i) direct obligations of the United
States of America or the other government or governments in the confederation which issued the
Foreign Currency in which the principal of or any premium or interest on the relevant

3

 

Security shall be payable, in each case where the payment or payments thereunder are supported
by the full faith and credit of such government or governments or (ii) obligations of a Person
controlled or supervised by and acting as an agency or instrumentality of the United States of
America or such other government or governments, in each case where the timely payment or payments
thereunder are unconditionally guaranteed as a full faith and credit obligation by the United
States of America or such other government or governments, and which, in the case of (i) or (ii),
are not callable or redeemable at the option of the issuer or issuers thereof, and shall also
include 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, with respect to a Bearer Security, a bearer thereof or of a coupon
appertaining thereto and, with respect to a Registered Security, a person in whose name a Security
is registered on the Register.

          “Indenture” means this Indenture as originally executed or as amended or supplemented from
time to time and shall include the forms and terms of particular series of Securities established
as contemplated hereunder.

          “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.

          “Interest” when used with respect to an Original Issue Discount Security which by its terms
bears interest only after maturity, means 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.

          “Lien” means any mortgage, pledge, lien, charge, security interest, conditional sale or other
title retention agreement or other encumbrance of any nature whatsoever.

          “Maturity” when used with respect to any Security, means the date on which the principal 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, call for redemption, repurchase
by the Company at the option of the Holder or otherwise.

          “Officer” means the Chairman of the Board, the President, any Vice President, the Chief
Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any
Assistant Secretary of the Company or any other Person duly authorized by the Company to act in
respect of matters relating to this Indenture.

          “Officers’ Certificate”, when used with respect to the Company, means a certificate signed by
two Officers, one of whom must be the Chairman of the Board, the

4

 

President, a Vice President, the Chief Financial Officer, the Treasurer, an Assistant
Treasurer or the Controller of the Company.

          “Opinion of Counsel” means a written opinion from the general counsel of the Company or other
legal counsel. Such counsel may be an employee of or counsel to the Company.

          “Original Issue Discount Security” means any Security which provides for an amount less than
the stated principal amount thereof to be due and payable upon declaration of acceleration of the
Maturity thereof pursuant to Section 5.2.

          “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;

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

          (iii) Securities, except to the extent provided in Sections 4.4 and 4.5, with respect to which
the Company has effected defeasance and/or covenant defeasance as provided in Article 4; and

          (iv) which have been paid pursuant to Section 3.6 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 whether sufficient funds are available for
redemption or for any other purpose, and for the purpose of making the calculations required by
Section 313 of the Trust Indenture Act, (a) the principal amount of any Original Issue Discount
Securities 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 5.2, (b) the principal
amount of any Indexed Security that may be counted in making such determination 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 in or pursuant to this Indenture, (c) the
principal amount of a Security denominated in a Foreign Currency shall be the

5

 

Dollar equivalent, determined on the date of original issuance of such Security, of the
principal amount (or, in the case of an Original Issue Discount Security, the Dollar equivalent on
the date of original issuance of such Security of the amount determined as provided in (a) above)
of such Security, and (d) 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 so owned 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.

          “Paying Agent” means any Person authorized by the Company to pay the principal of, premium, if
any, or interest on any Securities on behalf of the Company.

          “Periodic Offering” means an offering of Securities of a series from time to time the specific
terms of which Securities, including, without limitation, the rate or rates of interest or formula
for determining the rate or rates of interest thereon, if any, the Maturity thereof and the
redemption provisions, if any, with respect thereto, are to be determined by the Company upon the
issuance of such Securities.

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

          “Place of Payment”, when used with respect to the Securities of or within any series, means
the place or places where the principal of, premium, if any, and interest on such Securities are
payable as specified or contemplated by Sections 3.1 and 9.2.

          “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 3.6 in exchange for or
in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same
debt as the mutilated, destroyed, lost or stolen Security.

          “Principal amount”, when used with respect to any Security, means the amount of principal, if
any, payable in respect thereof at Maturity; provided, however, that when used with respect to an
Indexed Security in any context other than the making of payments at Maturity, “principal amount”
means the principal face amount of such Indexed Security at original issuance.

          “Redemption Date”, when used with respect to any Security to be redeemed, 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, in whole or in
part, means the price at which it is to be redeemed pursuant to this Indenture.

6

 

          “Register” shall have the meaning set forth in Section 3.5.

          “Registered Security” means any Security issued hereunder and registered as to principal and
interest in the Register.

          “Registrar” shall have the meaning set forth in Section 3.5.

          “Regular Record Date” for the interest payable on any Interest Payment Date on the Securities
of or within any series means the date specified for that purpose as contemplated by Section 3.1.

          “Responsible Officer”, when used with respect to the Trustee, shall mean any vice president,
any assistant vice president, any senior trust officer, any trust officer, or any officer of the
Trustee customarily performing functions similar to those performed by the persons who at the time
shall be such officers, respectively, or to whom any corporate trust matter is referred because of
his knowledge of and familiarity with a particular subject and who shall have direct responsibility
for the administration of this Indenture.

          “Restricted Subsidiary” means any Subsidiary of the Company which (i) is Chicago Title
Insurance Company, an insurance company organized under the laws of Missouri, Fidelity National
Title Insurance Company, an insurance company organized under the laws of California, Security
Union Title Insurance Company, an insurance company organized under the laws of California, Ticor
Title Insurance Company, an insurance company organized under the laws of California, Ticor Title
Insurance Company of Florida, an insurance company organized under the laws of Florida, or Alamo
Title Insurance, an insurance company organized under the laws of Texas, and any Person successor
to any of the foregoing insurance companies or (ii) owns, directly or indirectly, the capital stock
of any Subsidiary described in clause (i) of this definition.

          “Security” or “Securities” has the meaning stated in the first recital of this Indenture and
more particularly means a Security or Securities of the Company issued, authenticated and delivered
under this Indenture.

          “Senior Indebtedness” means with respect to the Company, all amounts due on obligations in
connection with any of the following, whether Outstanding at the date of execution of this
Indenture, or thereafter incurred or created: (i) the principal of or any premium and interest or
other payment obligation in respect of (A) indebtedness of the Company for money borrowed and (B)
indebtedness evidenced by securities, debentures, bonds or other similar instruments issued by the
Company (other than the Securities); (ii) all capital lease obligations of the Company; (iii) all
obligations of the Company issued or assumed as the deferred purchase price of property, all
conditional sale obligations of the Company and all obligations of the Company under any title
retention agreement (but excluding trade accounts payable arising in the ordinary course of
business); (iv) all obligations of the Company for the reimbursement on any letter of credit,
banker’s acceptance, security purchase facility or similar credit transaction; (v) all obligations
of the Company in respect of interest rate swap, cap or other agreements, interest rate future or
options contracts, currency swap arrangements, currency future or option contracts and other
similar agreements; (vi) all obligations of the types referred to in clauses (i)

7

 

through (v) above of other persons for the payment of which the Company is responsible or
liable as obligor, guarantor or otherwise; and (vii) all obligations of the types referred to in
clauses (i) through (vi) above of other persons secured by any lien on any property or asset of the
Company (whether or not such obligation is assumed by the Company); provided, that, “Senior
Indebtedness” shall not include: (1) any indebtedness or monetary obligations to trade creditors
created or assumed by the Company in the ordinary course of business in connection with the
obtaining of materials or services; (2) any indebtedness or other obligation that is by its terms
subordinated to or ranks equal with the Securities; or (3) any indebtedness of the Company to any
Subsidiary unless otherwise expressly provided in the terms of any such indebtedness.

          “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the
Trustee pursuant to Section 3.7.

          “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 in 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 (i) any corporation, at least a majority of the total voting power of whose
outstanding Voting Stock is at the date of determination owned, directly or indirectly, by the
Company and/or one or more other Subsidiaries of the Company, and (ii) any Person (other than a
corporation) in which the Company and/or one or more other Subsidiaries of the Company own,
directly or indirectly, at the date of determination, at least a majority ownership interest.

          “Trust Indenture Act” means the Trust Indenture Act of 1939 as in effect on the date of this
Indenture, except as provided in Section 8.3; provided, however, that in the event the Trust
Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent
required by any such amendment, the Trust Indenture Act of 1939 as so amended.

          “Trustee” means the party named as such in the first paragraph of this Indenture until a
successor Trustee replaces it pursuant to the applicable provisions of this Indenture, and
thereafter means such successor Trustee and if, at any time, there is more than one Trustee,
“Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect
to the Securities of that series.

          “United States” means, unless otherwise specified with respect to the Securities of any series
as contemplated by Section 3.1, the United States of America (including the states thereof and the
District of Columbia), its territories, its possessions and other areas subject to its
jurisdiction.

          “United States Alien”, except as otherwise provided with respect to the Securities of any
series as contemplated by Section 3.1, means any Person who, for United States Federal income tax
purposes, is a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary
of a foreign estate or trust, or a foreign partnership one or more of the members of which is, for
United States Federal income tax purposes, a foreign corporation, a non-resident alien individual
or a non-resident alien fiduciary of a foreign estate or trust.

8

 

          “U.S. Person” means, unless otherwise specified with respect to the Securities of any series
as contemplated by Section 3.1, any citizen or resident of the United States, any corporation,
partnership or other entity created or organized in or under the laws of the United States, any
estate the income of which is subject to United States federal income taxation regardless of its
source, or any trust whose administration is subject to the primary supervision of a United States
court and which has one or more United States fiduciaries who have the authority to control all
substantial decisions of the trust.

          “Voting Stock” means, with respect to any corporation, securities of any class or series of
such corporation, the holders of which are ordinarily, in the absence of contingencies, entitled to
vote for the election of directors of the corporation.

       Section 1.2. 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 (other than pursuant to Sections 2.3 and 9.7 and the last paragraph of
Section 3.3) shall include:

               (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 1.3. 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.

9

 

          Any certificate or opinion of an officer of the Company may be based, insofar as it relates to
legal matters, upon a certificate or opinion of, or representations by, counsel, unless such
officer knows, or in the exercise of reasonable care should know, that the certificate or opinion
or representations with respect to the matters upon which his certificate or opinion is based are
erroneous. Any such certificate or Opinion of Counsel 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 with respect to such factual matters is in the possession
of the Company, unless such counsel knows, or in the exercise of reasonable care should know, that
the certificate or opinion or representations as 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 1.4. 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 may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such Holders in person or by agent
duly appointed in writing; and, except as herein otherwise expressly provided, such action shall
become effective when such instrument or instruments are delivered to the Trustee and, where it is
hereby expressly required, to the Company. Such instrument or instruments (and the action embodied
therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing
such instrument or instruments. Proof of execution of any such instrument or of a writing
appointing any such agent shall be sufficient for any purpose of this Indenture and conclusive in
favor of the Trustee and the Company, if made in the manner provided in this Section.

          (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 manner which the Trustee deems sufficient.

          (c) The ownership of Bearer Securities may be proved by the production of such Bearer
Securities or by a certificate executed 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 (i) another such certificate or affidavit bearing a later date
issued in respect of the same Bearer Security is produced, (ii) such Bearer Security is produced to
the Trustee by some other Person, (iii) such

10

 

Bearer Security is surrendered in exchange for a Registered Security or (iv) 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.

          (d) The ownership of Registered Securities shall be proved by the Register.

          (e) 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 in exchange therefor or in lieu
thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company
in reliance thereon, whether or not notation of such action is made upon such Security.

          (f) If the Company shall solicit from the Holders any request, demand, authorization,
direction, notice, consent, waiver or other Act, the Company may, at its option, by 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. 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 six
months after the record date.

     Section 1.5. 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 (unless otherwise herein expressly provided) if in writing and sent by facsimile
(with confirmation of receipt), overnight delivery service or mail, first-class postage
prepaid, to the Trustee at its [Corporate Trust Office], Attention: [Corporate Trust
Administration], 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 sent by facsimile
(with confirmation of receipt), overnight delivery service or mail, first-class postage
prepaid, to the Company addressed to it at Fidelity National Financial, Inc., 601 Riverside
Avenue, Jacksonville, Florida 32204, Attention: Chief Financial Officer or at any other
address previously furnished in writing to the Trustee by the Company.

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     Section 1.6. Notice to Holders; Waiver. Where this Indenture provides for notice to
Holders of any event, (i) if any of the Securities affected by such event are Registered
Securities, such notice to the Holders thereof shall be sufficiently given (unless otherwise herein
or in the terms of such Registered Security expressly provided) if in writing and sent by overnight
delivery service or mailed, first-class postage prepaid, to each such Holder affected by such
event, at his address as it appears in the Register, within the time prescribed for the giving of
such notice, and (ii) if any of the Securities affected by such event are Bearer Securities, notice
to the Holders thereof shall be sufficiently given (unless otherwise herein or in the terms of such
Bearer Securities expressly provided) if published once in an Authorized Newspaper in New York, New
York, and in such other city or cities, if any, as may be specified as contemplated by Section 3.1.
In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor
any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such
notice with respect to other Holders of Registered Securities or the sufficiency of any notice to
Holders of Bearer Securities given as provided herein. In any case where notice is given to Holders
by publication, neither the failure to publish such notice, 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 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.

          If by reason of the suspension of regular mail service or by reason of any other cause it
shall be impracticable to give such notice as provided above, then such notification as shall be
made with the approval of the Trustee shall constitute a sufficient notification for every purpose
hereunder. If it is impossible or, in the opinion of the Trustee, impracticable to give any notice
by publication in the manner herein required, then such publication in lieu thereof as shall be
made with the approval of the Trustee shall constitute a sufficient publication of such notice.

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

     Section 1.8. 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 1.9. Separability. In case any provision of this Indenture or the Securities
shall be invalid, illegal or unenforceable, then, to the extent permitted by applicable law, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected
or impaired thereby.

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     Section 1.10. Benefits of Indenture. Nothing in this Indenture or in the Securities,
expressed or implied, shall give to any Person, other than the parties hereto and their successors
hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this
Indenture.

     Section 1.11. Governing Law. THIS INDENTURE, THE SECURITIES AND ANY COUPONS
APPERTAINING THERETO SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE
STATE OF NEW YORK. This Indenture is subject to the Trust Indenture Act and if any provision hereof
limits, qualifies or conflicts with the Trust Indenture Act, the Trust Indenture Act shall control.

     Section 1.12. Legal Holidays. In any case where any Interest Payment Date, Redemption
Date, sinking fund payment date, Stated Maturity or Maturity of any Security shall not be a
Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture
or of any Security or coupon other than a provision in the Securities of any series which
specifically states that such provision shall apply in lieu of this Section), payment of principal,
premium, if any, or interest need not be made at such Place of Payment on such date, but may be
made on the next succeeding Business Day at such Place of Payment with the same force and effect as
if made on such date; provided that no interest shall accrue on the amount so payable for the
period from and after such Interest Payment Date, Redemption Date, sinking fund payment date,
Stated Maturity or Maturity, as the case may be.

     Section 1.13. Force Majeure. In no event shall the Trustee be responsible or liable
for any failure or delay in the performance of its obligations hereunder arising out of or caused
by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work
stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or events that a court applying New York law would hold to be included within the term
“Acts of God,” and interruptions, loss or malfunctions of utilities, communications or computer
(software and hardware) services; it being understood that the Trustee shall use reasonable efforts
which are consistent with accepted practices in the banking industry to resume performance as soon
as practicable under the circumstances.

     Section 1.14. Waiver of Jury Trial. Each of the Company and the Trustee hereby
irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial
by jury in any legal proceeding arising out of or relating to this Indenture, the Notes or the
transaction contemplated hereby.

ARTICLE 2

SECURITY FORMS

     Section 2.1. Forms Generally. The Securities of each series and the coupons, if any,
to be attached thereto shall be in substantially such form as shall be established by or pursuant
to a Board Resolution or in one or more indentures supplemental hereto, in each case with such
appropriate insertions, omissions, substitutions and other variations as are required or permitted
by this Indenture, and may have such letters, numbers or other marks of identification and such
legends or endorsements placed thereon as may be required to comply with the rules of any

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securities exchange or as may, consistently herewith, be determined by the officers executing
such Securities and coupons, if any, as evidenced by their execution of the Securities and coupons,
if any. Unless otherwise provided as contemplated in Section 3.1, Securities will be issued only in
registered form without coupons or in the form of one or more global securities. If temporary
Securities of any series are issued as permitted by Section 3.4, the form thereof also shall be
established as provided in the preceding sentence. If the forms of Securities and coupons, if any,
of any series are established by, or by action taken pursuant to, a Board Resolution, a copy of the
Board Resolution together with an appropriate record (which may be in the form of an Officers’
Certificate) of any such action taken pursuant thereto, including a copy of the approved form of
Securities or coupons, if any, 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 Company Order contemplated
by Section 3.3 for the authentication and delivery of such Securities.

          Unless otherwise specified as contemplated by Section 3.1, Bearer Securities shall have
interest coupons attached.

          The definitive Securities and coupons, if any, shall be printed, lithographed or engraved on
steel engraved borders or may be produced in any other manner, all as determined by the officers
executing such Securities and coupons, if any, as evidenced by their execution of such Securities
and coupons, if any.

     Section 2.2. Form of Trustee’s Certificate of Authentication. The Trustee’s
certificate of authentication shall be in substantially the following form:

          This is one of the Securities of the series described in the within-mentioned Indenture.

	 	 	 	 	 
	 	 	Dated:
	 
	 	 	 	 
	 	 	THE BANK OF NEW YORK TRUST COMPANY, N.A.,
	 	 	as Trustee
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Signatory

     Section 2.3. Securities in Global Form. If Securities of or within a series are
issuable in whole or in part in global form, any such Security may provide that it shall represent
the aggregate or specified amount of Outstanding Securities from time to time endorsed thereon and
may also provide that the aggregate amount of Outstanding Securities represented thereby may from
time to time be reduced to reflect exchanges. Any endorsement of a Security in global form to
reflect the amount, or any increase or decrease in the amount, or changes in the rights of Holders,
of Outstanding Securities represented thereby, shall be made in such manner and by such Person or
Persons as shall be specified therein or pursuant to Section 3.1 or in the Company

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Order to be delivered to the Trustee pursuant to Section 3.3 or 3.4. Subject to the provisions
of Section 3.3 and, if applicable, Section 3.4, the Trustee shall deliver and redeliver any
Security in permanent global form in the manner and upon instructions given by the Person or
Persons specified therein or pursuant to Section 3.1 or in the applicable Company Order. Any
instructions by the Company with respect to endorsement or delivery or redelivery of a Security in
global form shall be in writing but need not comply with Section 1.2 hereof and need not be
accompanied by an Opinion of Counsel.

          The provisions of the last paragraph of Section 3.3 shall apply to any Security in global form
if such Security was never issued and sold by the Company and the Company delivers to the Trustee
the Security in global form together with written instructions (which need not comply with Section
1.2 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 paragraph of Section 3.3.

          Notwithstanding the provisions of Section 2.1 and 3.7, unless otherwise specified as
contemplated by Section 3.1, payment of principal of, premium, if any, and interest on any Security
in permanent global form shall be made to the Person or Persons specified therein.

     Section 2.4. Form of Legend for Securities in Global Form. Any Security in global
form authenticated and delivered hereunder shall bear a legend in substantially the following form
and such other legends as may be approved by the officers executing such Security, as evidenced by
their execution thereof:

          This Security is in global form within the meaning of the Indenture hereinafter referred to
and is registered in the name of a Depository or a nominee of a Depository. Unless and until it is
exchanged in whole or in part for Securities in certificated form, this Security 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 any
such nominee to a successor Depository or a nominee of such successor Depository.

ARTICLE 3

THE SECURITIES

     Section 3.1. Amount Unlimited; Issuable in Series.

          (a) The aggregate principal amount of Securities which may be authenticated and delivered
under this Indenture is unlimited. The Securities may be issued from time to time in one or more
series.

          (b) The following matters shall be established with respect to each series of Securities
issued hereunder (i) by a Board Resolution, (ii) by action taken pursuant to a Board Resolution and
(subject to Section 3.3) set forth, or determined in the manner provided, in an Officers’
Certificate or (iii) in one or more indentures supplemental hereto:

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               (1) the title of the Securities of the series, including CUSIP Numbers (which title
shall distinguish the Securities of the series from all other series of Securities);

               (2) any limit upon the aggregate principal amount of the Securities of the series which
may be authenticated and delivered under this Indenture (which limit shall not pertain to
Securities authenticated and delivered upon registration of transfer of, or in exchange for,
or in lieu of, other Securities of the series pursuant to Section 3.4, 3.5, 3.6, 8.6, or
10.7 or upon the Company’s repurchase of any Securities in part at the option of the Holders
thereof);

               (3) the date or dates on which the principal of and premium, if any, on the Securities
of the series is payable or the method of determination thereof;

               (4) the rate or rates (which may be fixed, variable or zero) at which the Securities of
the series shall bear interest, if any, or the method of calculating such rate or rates of
interest;

               (5) the date or dates from which interest, if any, shall accrue or the method by which
such date or dates shall be determined;

               (6) the Interest Payment Dates on which any such interest, if any, shall be payable
and, with respect to Registered Securities, the Regular Record Date, if any, for the
interest payable on any Registered Security on any Interest Payment Date;

               (7) each Place of Payment for the Securities of the series;

               (8) the period or periods within which, the price or prices at which, the currency (if
other than Dollars) in which, and the other terms and conditions upon which, Securities of
the series may be redeemed, in whole or in part, at the option of the Company and, if other
than as provided in Section 10.3, the manner in which the particular Securities of such
series (if less than all Securities of such series are to be redeemed) are to be selected
for redemption;

               (9) the obligation, if any, of the Company to redeem or purchase Securities of the
series pursuant to any sinking fund or analogous provisions or upon the happening of a
specified event 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, Securities of
the series shall be redeemed or purchased, in whole or in part, pursuant to such obligation;

               (10) if other than denominations of $1,000 and any integral multiple thereof, if
Registered Securities, and if other than the denomination of $5,000, if Bearer Securities,
the denominations in which Securities of the series shall be issuable;

               (11) if other than Dollars, the currency for which the Securities of the series may be
purchased or in which the Securities of the series shall be denominated and/or the currency
in which the principal of, premium, if any, and interest, if any, on the

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Securities of the series shall be payable and the particular provisions applicable
thereto in accordance with, in addition to, or in lieu of the provisions of this Indenture;

           (12) if the amount of payments of principal of, or premium, if any, or interest, if
any, on the Securities of the series shall be determined with reference to an index, formula
or other method (which index, formula or method may be based, without limitation, on a
currency or currencies (including currency unit or units) other than that in which the
Securities of the series are denominated or designated to be payable), the index, formula or
other method by which such amount shall be determined;

           (13) if the amount of payments of principal, premium, if any, or interest, if any, on
the Securities of the series shall be determined with reference to an index, formula or
other method based on the prices of securities or commodities, with reference to changes in
the prices of securities or commodities or otherwise by application of a formula, the index,
formula or other method by which such amount shall be determined;

           (14) if other than the entire principal amount thereof, the portion of the principal
amount of such Securities of the series which shall be payable upon declaration of
acceleration thereof pursuant to Section 5.2 or the method by which such portion shall be
determined;

           (15) if other than as provided in Section 3.7, the Person to whom any interest on any
Registered Security of the series shall be payable and the manner in which, or the Person to
whom, any interest on any Bearer Securities of the series shall be payable;

           (16) provisions, if any, granting special rights to the Holders of Securities of the
series upon the occurrence of such events as may be specified;

           (17) any addition to or modification or deletion of any Events of Default or any
covenants of the Company pertaining to the Securities of the series;

           (18) under what circumstances, if any, the Company will pay Additional Amounts on the
Securities of that series held by a Person who is not a U.S. Person in respect of taxes,
assessments or similar governmental charges withheld or deducted and, if so, whether the
Company will have the option to redeem such Securities rather than pay such Additional
Amounts (and the terms of any such option);

           (19) whether Securities of the series shall be issuable as Registered Securities or
Bearer Securities (with or without interest coupons), or both, and any restrictions
applicable to the offering, sale or delivery of Bearer Securities and, if other than as
provided in Section 3.5, the terms upon which Bearer Securities of a series may be exchanged
for Registered Securities of the same series and vice versa;

           (20) 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;

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          (21) the forms of the Securities and coupons, if any, of the series;

           (22) if either or both of Section 4.4 relating to defeasance or Section 4.5 relating to
covenant defeasance shall not be applicable to the Securities of such series, or, if such
defeasance or covenant defeasance shall be applicable to the Securities of such series, any
covenants in addition to those specified in Section 4.5 relating to the Securities of such
series which shall be subject to covenant defeasance and any deletions from, or
modifications or additions to, the provisions of Article 4 in respect of the Securities of
such series or such other means of defeasance or covenant defeasance as may be specified for
the Securities of such series;

           (23) whether the subordination provisions contained in Article 12 or different
subordination provisions will apply to the Securities of the series;

           (24) if other than the Trustee, the identity of the Registrar and any Paying Agent;

           (25) if the Securities of the series shall be issued in whole or in part in global
form, (i) the Depository for such global Securities, (ii) whether beneficial owners of
interests in any Securities of the series in global form may exchange such interests for
certificated Securities of such series and of like tenor of any authorized form and
denomination, and (iii) if other than as provided in Section 3.5, the circumstances under
which any such exchange may occur; and

           (26) any other terms of the Securities of such series and any deletions from or
modifications or additions to this Indenture in respect of such Securities.

          (c) All Securities of any one series and coupons, if any, 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 (i) by a Board Resolution,
(ii) by action taken pursuant to a Board Resolution and (subject to Section 3.3) set forth, or
determined in the manner provided, in the related Officers’ Certificate or (iii) in an 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.

          (d) If any of the terms of the Securities of any series are established by action taken
pursuant to a Board Resolution, a copy of such Board Resolution 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, or providing the manner for determining, the terms of
the Securities of such series, and an appropriate record of any action taken pursuant thereto in
connection with the issuance of any Securities of such series shall be delivered to the Trustee
prior to the authentication and delivery thereof.

     Section 3.2. Denominations. Unless otherwise provided as contemplated by Section 3.1,
any Registered Securities of a series shall be issuable in denominations of $1,000 and any integral
multiple thereof and any Bearer Securities of a series shall be issuable in denominations of
$5,000.

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     Section 3.3. Execution, Authentication, Delivery and Dating. Securities shall be
executed on behalf of the Company by two Officers. The Company’s seal shall be reproduced on the
Securities. The signatures of any of these Officers on the Securities may be manual or facsimile.
The coupons, if any, of Bearer Securities shall bear the facsimile signature of two Officers.

          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.

          At any time and from time to time, the Company may deliver Securities, together with any
coupons appertaining thereto, of any series executed by the Company to the Trustee for
authentication, together with a Company Order for the authentication and delivery of such
Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver
such Securities; provided, however, that in the case of Securities offered in a Periodic Offering,
the Trustee shall authenticate and deliver such Securities from time to time in accordance with
such other procedures (including, without limitation, the receipt by the Trustee of oral or
electronic instructions from the Company or its duly authorized agents, promptly confirmed in
writing) acceptable to the Trustee as may be specified by or pursuant to a Company Order delivered
to the Trustee prior to the time of the first authentication of Securities of such series.

          If the form or terms of the Securities of a series have been established by or pursuant to one
or more Board Resolutions as permitted by Sections 2.1 and 3.1, in authenticating such Securities
and accepting the additional responsibilities under this Indenture in relation to such Securities,
the Trustee shall be provided with, and (subject to Sections 315(a) through (d) of the Trust
Indenture Act) shall be fully protected in relying upon, an Opinion of Counsel stating:

               (1) if the forms of such Securities and any coupons have been established by or
pursuant to a Board Resolution as permitted by Section 2.1, that such forms have been
established in conformity with the provisions of this Indenture;

               (2) if the terms of such Securities and any coupons have been established by or
pursuant to a Board Resolution as permitted by Section 3.1, that such terms have been, or in
the case of Securities of a series offered in a Periodic Offering, will be, established in
conformity with the provisions of this Indenture, subject in the case of Securities offered
in a Periodic Offering, to any conditions specified in such Opinion of Counsel; and

               (3) that such Securities together with any coupons appertaining thereto, when
authenticated and delivered by the Trustee and issued by the Company in the manner and
subject to any conditions specified in such Opinion of Counsel, will constitute valid and
legally binding obligations of the Company, enforceable in accordance with their terms,
subject to bankruptcy, insolvency, fraudulent transfer,

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reorganization, moratorium and other similar laws of general applicability relating to
or affecting the enforcement of creditors’ rights and to general equity principles.

Notwithstanding that such form or terms have been so established, the Trustee shall have the right
to decline to authenticate such Securities if, in the opinion of the Trustee, the issue of such
Securities pursuant to this Indenture will adversely affect the Trustee’s own rights, duties or
immunities under this Indenture or otherwise in a manner which is not reasonably acceptable to the
Trustee.

          Notwithstanding the provisions of Section 3.1 and of the two preceding paragraphs, if all of
the Securities of any series are not to be issued at one time, it shall not be necessary to deliver
the Officers’ Certificate otherwise required pursuant to Section 3.1 or the Company Order and
Opinion of Counsel otherwise required pursuant to the two preceding paragraphs in connection with
the authentication of each Security of such series if such documents, with appropriate
modifications to cover such future issuances, are delivered at or prior to the authentication upon
original issuance of the first Security of such series to be issued.

          With respect to Securities of a series offered in a Periodic Offering, the Trustee may rely,
as to the authorization by the Company of any of such Securities, the form and terms thereof and
the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and
the other documents delivered pursuant to Sections 2.1 and 3.1 and this Section, as applicable, in
connection with the first authentication of Securities of such series.

          If the Company shall establish pursuant to Section 3.1 that the Securities of a series are to
be issued in whole or in part in global form, then the Company shall execute and the Trustee shall,
in accordance with this Section and the Company Order with respect to such series, authenticate and
deliver one or more Securities in global form that (i) shall represent and shall be denominated in
an amount equal to the aggregate principal amount of the Outstanding Securities of such series to
be represented by such Security or Securities in global form, (ii) shall be registered, if a
Registered Security, in the name of the Depository for such Security or Securities in global form
or the nominee of such Depository, (iii) shall be delivered by the Trustee to such Depository or
pursuant to such Depository’s instruction and (iv) shall bear the legend contemplated by Section
2.4.

          Each Depository designated pursuant to Section 3.1 for a Registered Security in global form
must, at the time of its designation and at all times while it serves as Depository, be a clearing
agency registered under the Securities Exchange Act of 1934 or any successor thereto (if so
required by applicable law or regulation) and any other applicable statute or regulation. The
Trustee shall have no responsibility to determine if the Depository is so registered.

          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 3.1.

          No Security or coupon appertaining thereto shall be entitled to any benefits under this
Indenture or be valid or obligatory for any purpose until authenticated by the manual signature of
one of the authorized signatories of the Trustee or an Authenticating Agent and no coupon shall be
valid until the Security to which it appertains has been so authenticated. Such

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signature upon any Security shall be conclusive evidence, and the only evidence, that such
Security has been duly authenticated and delivered under this Indenture and is entitled to the
benefits of this Indenture. Except as permitted by Section 3.6 or 3.7, the Trustee shall not
authenticate and deliver any Bearer Security unless all appurtenant coupons for interest then
matured have been detached and canceled.

          Notwithstanding the foregoing, if any 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 3.9 together with a written statement (which
need not comply with Section 1.2 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
not be entitled to the benefits of this Indenture.

     Section 3.4. Temporary Securities. 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 of such series which are printed, lithographed, typewritten,
mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor and
form, with or without coupons, of the definitive Securities in lieu of which they are issued 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 and coupons, if any. In the case of Securities of any series, such temporary Securities
may be in global form, representing all or a portion of the Outstanding Securities of such series.

          Except in the case of temporary Securities in global form, each of which shall be exchanged in
accordance with the provisions thereof, if temporary Securities of any series are issued, the
Company will cause definitive Securities of such series to be prepared without unreasonable delay.
After 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 pursuant to Section 9.2 in a Place
of Payment for such series, without charge to the Holder. Upon surrender for cancellation of any
one or more temporary Securities of any series (accompanied by any unmatured coupons appertaining
thereto), the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a like principal amount of definitive Securities of the same series of authorized
denominations and of like tenor; provided, however, that no definitive Bearer Security shall be
delivered in exchange for a temporary Registered Security; and provided further that no definitive
Bearer Security shall be delivered in exchange for a temporary Bearer Security unless the Trustee
shall have received from the Person entitled to receive the definitive Bearer Security a
certificate substantially in the form approved in or pursuant to the Board Resolutions relating
thereto and such delivery shall occur only outside the United States. 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 except as otherwise specified as
contemplated by Section 3.1.

     Section 3.5. Registration, Transfer and Exchange. The Company shall cause to be kept
at the Corporate Trust Office of the Trustee or in any office or agency to be maintained by the
Company in accordance with Section 9.2 in a Place of Payment a register (the “Register”) in

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which, subject to such reasonable regulations as it may prescribe, the Company shall provide
for the registration of Registered Securities and the registration of transfers of Registered
Securities. The Register shall be in written form or any other form capable of being converted into
written form within a reasonable time. The Trustee is hereby appointed “Registrar” for the purpose
of registering Registered Securities and transfers of Registered Securities as herein provided.

          Upon surrender for registration of transfer of any Registered Security of any series at the
office or agency maintained pursuant to Section 9.2 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 containing identical terms
and provisions.

          Bearer Securities or any coupons appertaining thereto shall be transferable by delivery.

          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 denominations and of a like aggregate
principal amount containing identical terms and provisions, upon surrender of the Registered
Securities to be exchanged at such office or agency. Whenever any 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 as contemplated by Section 3.1, Bearer Securities may not be issued in
exchange for Registered Securities.

          Unless otherwise specified as contemplated by Section 3.1, at the option of the Holder, Bearer
Securities of such series may be exchanged for Registered Securities (if the Securities of such
series are issuable in registered form) or Bearer Securities (if Bearer Securities of such series
are issuable in more than one denomination and such exchanges are permitted by such series) of the
same series, of any authorized denominations and of like tenor and aggregate principal amount, 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,
such exchange may be effected if the Bearer Securities are accompanied by payment in funds
acceptable to the Company and the Trustee 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 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 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 9.2, 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 any Bearer Security of any series is
surrendered at any such office or agency in exchange for a Registered Security of the same series
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

22

 

Record Date and before the opening of business at such office or agency on the related date
for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon
relating to such Interest Payment Date or proposed date of payment, as the case may be (or, if such
coupon is so surrendered with such Bearer Security, such coupon shall be returned to the person so
surrendering the Bearer Security), 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.

          Notwithstanding any other provision of this Section, unless and until it is exchanged in whole
or in part for Securities in definitive certificated form, a Security in global form representing
all or a portion of the Securities of a series may not be transferred except as a whole by the
Depository for such series to a nominee of such Depository or by a nominee of such Depository to
such Depository or another nominee of such Depository or by such Depository or any such nominee to
a successor Depository for such series or a nominee of such successor Depository.

          Unless otherwise specified pursuant to Section 3.1 with respect to the Securities of any
series, a Security in global form will be exchangeable for certificated Securities of the same
series in definitive form only if (i) the Depository for the Global Securities of such series
notifies the Company that it is unwilling or unable to continue as Depository for the global
Securities of such series or such Depository ceases to be a clearing agency registered as such
under the Securities Exchange Act of 1934, as amended, or any successor thereto if so required by
applicable law or regulation and, in either case, a successor Depository for such Securities shall
not have been appointed by the Company within 90 days after the Company receives such notice or
becomes aware of such ineligibility, as the case may be, (ii) the Company, in its sole discretion,
determines that such Securities in global form shall be exchangeable for certificated Securities
and executes and delivers to the Trustee a Company Order to the effect that such global Securities
shall be so exchangeable, or (iii) there shall have occurred and be continuing an Event of Default
with respect to the Securities of such series, the Company’s election pursuant to Section
3.1(b)(24) shall no longer be effective with respect to the Securities of such series and the
Company shall execute, and the Trustee, upon receipt of a Company Order for the authentication and
delivery of certificated Securities of such series of like tenor and terms, shall authenticate and
deliver, without charge, Securities of such series of like tenor and terms in certificated form, in
authorized denominations and in an aggregate principal amount equal to the principal amount of the
Security or Securities of such series of like tenor and terms in global form in exchange for such
Security or Securities in global form. Upon any such exchange, owners of beneficial interests in
such Securities in global form will be entitled to physical delivery of individual Securities in
certificated form of like tenor and terms equal in principal amount to such beneficial interests,
and to have such Securities in certificated form registered in the names of the beneficial owners.

          If specified by the Company pursuant to Section 3.1 with respect to a series of Securities,
the Depository for such series may surrender a Security in global form of such series in exchange
in whole or in part for Securities of such series in certificated form on such terms as are
acceptable to the Company and such Depository. Thereupon, the Company shall execute, and

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the Trustee shall authenticate and deliver, without service charge, (i) to each Person
specified by such Depository a new certificated Security or Securities of the same series of like
tenor and terms, of any authorized denomination as requested by such Person in aggregate principal
amount equal to and in exchange for such Person’s beneficial interest in the Security in global
form; and (ii) to such Depository a new Security in global form of like tenor and terms in a
denomination equal to the difference, if any, between the principal amount of the surrendered
Security in global form and the aggregate principal amount of certificated Securities delivered to
Holders thereof.

          Upon the exchange of a Security in global form for Securities in certificated form, such
Security in global form shall be canceled by the Trustee. Unless expressly provided with respect to
the Securities of any series that such Security may be exchanged for Bearer Securities, Securities
in certificated form issued in exchange for a Security in global form pursuant to this Section
shall be registered in such names and in such authorized denominations as the Depository for such
Security in global form, pursuant to instructions from its direct or indirect participants or
otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to the Persons in
whose names such Securities are so registered.

          Whenever any Securities are 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.

          All Securities issued upon any registration of transfer or upon any 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
exchange.

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

          No service charge shall be made for any registration of transfer or for any 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 exchange
of Securities, other than exchanges pursuant to Section 3.4, 8.6, or 10.7 or upon the Company’s
repurchase of any Securities in part at the option of the Holder thereof not involving any
transfer.

          The Company shall not be required (i) to issue, register the transfer of, or exchange any
Securities for a period beginning at the opening of business 15 days before any selection for
redemption of Securities of like tenor and of the series of which such Security is a part and
ending at the close of business on the earliest date on which the relevant notice of redemption is
deemed to have been given to all Holders of Securities of like tenor and of such series to be
redeemed; (ii) to register the transfer of or exchange any Registered Security so selected for
redemption, in whole or in part, except the unredeemed portion of any Security

24

 

being redeemed in part; 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.

     Section 3.6. Replacement Securities. If a mutilated Security or a Security with a
mutilated coupon appertaining to it is surrendered to the Trustee, together with, in proper cases,
such security or indemnity as may be required by the Company or the Trustee to save each of them
harmless, the Company shall execute and the Trustee shall authenticate and deliver a replacement
Registered Security, if such surrendered Security was a Registered Security, or a replacement
Bearer Security with coupons corresponding to the coupons appertaining to the surrendered Security,
if such surrendered Security was a Bearer Security, of the same series, terms and date of maturity,
if the Trustee’s requirements are met.

          If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction
of the destruction, loss or theft of any Security or Security with a destroyed, lost or stolen
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
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 replacement Registered Security, if such
Holder’s claim appertains to a Registered Security, or a replacement Bearer Security with coupons
corresponding to the coupons appertaining to the destroyed, lost or stolen Bearer Security or the
Bearer Security to which such lost, destroyed or stolen coupon appertains, if such Holder’s claim
appertains to a Bearer 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 destroyed, lost or stolen Security.

          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 or coupon, pay such Security or coupon; provided, however, that payment of principal of
and any premium or interest on Bearer Securities shall, except as otherwise provided in Section
9.2, be payable only at an office or agency located outside the United States and, unless otherwise
specified as contemplated by Section 3.1, 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 coupon,

25

 

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.

          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 3.7. Payment of Interest; Interest Rights Preserved.

          (a) Unless otherwise provided as contemplated by Section 3.1, interest, if any, on any
Registered Security which 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 at
the office or agency maintained for such purpose pursuant to Section 9.2; provided, however, that
at the option of the Company, interest on any series of Registered Securities that bear interest
may be paid (i) by check mailed to the address of the Persons entitled thereto as they shall appear
on the Register of Holders of Securities of such series or (ii) by transfer to an account
maintained by the Persons entitled thereto.

          Unless otherwise provided as contemplated by Section 3.1 and except as otherwise provided in
Section 9.2, (i) interest, if any, on Bearer Securities shall be paid only against presentation and
surrender of the coupons for such interest installments as are evidenced thereby as they mature and
(ii) original issue discount, if any, on Bearer Securities shall be paid only against presentation
and surrender of such Securities, in either case at the office of a Paying Agent located outside
the United States, unless the Company shall have otherwise instructed the Trustee in writing,
provided that any such instruction for payment in the United States does not cause any Bearer
Security to be treated as a “registration-required obligation” under United States laws and
regulations. The interest, if any, on any temporary Bearer Security shall be paid, as to any
installment of interest evidenced by a coupon attached thereto, only upon presentation and
surrender of such coupon and, as to other installments of interest, only upon presentation of such
Security for notation thereon of the payment of such interest.

          (b) Unless otherwise provided as contemplated by Section 3.1, any interest on Registered
Securities of any series which 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 Holders on the relevant Regular Record Date by virtue of their having been such Holders, and
such Defaulted Interest may be paid by the Company, at its election in each case, as provided in
clause (1) or (2) below:

               (1) The Company may elect to make payment of such Defaulted Interest to the Persons in
whose names such Registered Securities (or their respective Predecessor Securities) are
registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest, which shall be fixed in the following manner. The Company shall deposit
with the Trustee an amount of money equal to the aggregate amount proposed to be paid in
respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee
for such deposit prior to the date of the proposed

26

 

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 (1) 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 such Registered Securities at his address as it appears
in the Register, not less than 10 days prior to such Special Record Date. Notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor having been
so mailed, such Defaulted Interest shall be paid to the Persons in whose names such
Registered Securities (or their respective Predecessor Securities) are registered at the
close of business on such Special Record Date and shall no longer be payable pursuant to the
following clause (2).

               (2) The Company may make payment of such Defaulted Interest to the Persons in whose
names such Registered Securities (or their respective Predecessor Securities) are registered
at the close of business on a specified date in any other lawful manner not inconsistent
with the requirements of any securities exchange on which such Registered Securities may be
listed, and upon such notice as may be required by such exchange, if, after notice given by
the Company to the Trustee of the proposed payment pursuant to this clause (2), such manner
of payment shall be deemed practicable by the Trustee.

          (c) Subject to the foregoing provisions of this Section and Section 3.5, each Security
delivered under this Indenture upon registration of transfer 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 3.8. Persons Deemed Owners. Prior to due presentment of any 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 Registered Security for the purpose of receiving payment of principal of, premium, if any, and
(subject to Section 3.7) 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.

          The Company, the Trustee and any agent of the Company or the Trustee may treat the bearer of
any Bearer Security and the bearer of any coupon as the absolute owner of such Bearer Security or
coupon for the purpose of receiving payment thereof or on account thereof and for all other
purposes whatsoever, whether or not such Bearer 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.

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          None of the Company, the Trustee or any agent of the Company or the Trustee shall have any
responsibility or liability for any aspect of the records relating to or payments made on account
of beneficial ownership interests of a Security in global form, or for maintaining, supervising or
reviewing any records relating to such beneficial ownership interests. Notwithstanding the
foregoing, with respect to any Security in global form, nothing herein shall prevent the Company or
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 (or its nominee), as a
Holder, with respect to such Security in global form or impair, as between such Depository and
owners of beneficial interests in such Security in global form, the operation of customary
practices governing the exercise of the rights of such Depository (or its nominee) as Holder of
such Security in global form.

     Section 3.9. Cancellation. The Company at any time may deliver Securities and coupons
to the Trustee for cancellation. The Registrar and any Paying Agent shall forward to the Trustee
any Securities and coupons surrendered to them for replacement, for registration of transfer, or
for exchange or payment. The Trustee shall cancel all Securities and coupons surrendered for
replacement, for registration of transfer, or for exchange, payment or cancellation and shall
dispose of such canceled Securities in its customary manner. The Company may not issue new
Securities to replace Securities that it has paid or delivered to the Trustee for cancellation.

     Section 3.10. Computation of Interest. Except as otherwise specified as contemplated
by Section 3.1, interest on the Securities of each series shall be computed on the basis of a
360-day year of twelve 30-day months.

     Section 3.11. CUSIP Numbers. The Company in issuing the Securities may use “CUSIP”
numbers (if then generally in use), and, in such case, the Trustee shall use “CUSIP” numbers in
notices of redemption as a convenience to Holders; provided that any such notice may state that no
representation is made as to the correctness of such numbers either as printed on the Securities or
as contained in any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the Securities, and any such redemption shall not be affected by
any defect in or omission of such numbers. The Company shall promptly advise the Trustee of any
change in the CUSIP Numbers.

     Section 3.12. Currency of Payment in Respect of Securities. Unless otherwise
specified with respect to any Securities pursuant to Section 3.1, payment of the principal of,
premium, if any, and interest, if any, on any Registered or Bearer Security of such series will be
made in Dollars.

ARTICLE 4

SATISFACTION, DISCHARGE AND DEFEASANCE

     Section 4.1. Termination of Company’s Obligations Under the Indenture. This Indenture
shall upon a Company Request cease to be of further effect with respect to Securities of any series
and any coupons appertaining thereto (except as specified below) and the Trustee, at the expense of
the Company, shall execute proper instruments acknowledging satisfaction and

28

 

discharge of this Indenture with respect to such Securities and any coupons appertaining
thereto when

               (1) either

               (A) all such Securities previously authenticated and delivered and all coupons
appertaining thereto (other than (i) such coupons appertaining to Bearer Securities
surrendered in exchange for Registered Securities and maturing after such exchange,
surrender of which is not required or has been waived as provided in Section 3.5, (ii) such
Securities and coupons which have been destroyed, lost or stolen and which have been
replaced or paid as provided in Section 3.6, (iii) such coupons appertaining to Bearer
Securities called for redemption and maturing after the relevant Redemption Date, surrender
of which has been waived as provided in Section 10.6 and (iv) such Securities and coupons
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 9.3) have been delivered to the Trustee for cancellation; or

               (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
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, in respect of principal, premium, 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 with respect to the Securities of
any series, the obligation of the Company to the Trustee and any predecessor Trustee under Section
6.9, the obligations of the Company to any Authenticating Agent under Section 6.14 and, if money
shall have been deposited with the Trustee pursuant to subclause (B) of clause (1) of this Section,
the obligations of the Company and the Trustee with respect to the Securities of such series under
Sections 3.4, 3.5, 3.6, 4.2, 9.2 and 9.3 and with respect to the payment of

29

 

Additional Amounts, if any, with respect to such Securities as contemplated by Section 3.1(b)(18)
shall survive such satisfaction and discharge.

     Section 4.2. Application of Trust Funds. Subject to the provisions of the last
paragraph of Section 9.3, all money deposited with the Trustee pursuant to Section 4.1 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 (other than the
Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled
thereto as specifically provided herein, of the principal, premium, if any, and 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.

     Section 4.3. Applicability of Defeasance Provisions; Company’s Option to Effect Defeasance
or Covenant Defeasance. Unless pursuant to Section 3.1 either or both of (i) defeasance of the
Securities of or within a series under Section 4.4 or (ii) covenant defeasance of the Securities of
or within a series under Section 4.5 shall not be applicable with respect to the Securities of any
series, then the provisions of such Section or Sections, as the case may be, together with the
provisions of Sections 4.6 through 4.10 inclusive, with such modifications thereto as may be
specified pursuant to Section 3.1 with respect to such 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 4.4 or Section 4.5 (unless such Section 4.4 or Section 4.5, as the case may
be, shall not be applicable to the Securities of such series) be applied to such Outstanding
Securities and any coupons appertaining thereto upon compliance with the conditions set forth below
in this Article. Unless otherwise specified pursuant to Section 3.1, the Company’s right, if any,
to effect defeasance pursuant to Section 4.4 or covenant defeasance pursuant to Section 4.5 may
only be exercised with respect to all of the Outstanding Securities of a series and any coupons
appertaining thereto.

     Section 4.4. Defeasance. Upon the Company’s exercise of the option specified in
Section 4.3 applicable to this Section with respect to the Securities of a series, the Company
shall be deemed to have been discharged from its obligations with respect to such Securities and
any coupons appertaining thereto (except as specified below) on the date the conditions set forth
in Section 4.6 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 Securities and any coupons appertaining thereto which shall thereafter be deemed to be
“Outstanding” only for the purposes of Section 4.7 and the other Sections of this Indenture
referred to in clause (ii) of this Section, and to have satisfied all 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 on Company Order execute proper instruments acknowledging the same), except the following
which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders
of such Securities and any coupons appertaining thereto to receive, solely from the trust funds
described in Section 4.6(a) and as more fully set forth in such Section and in Section 4.7,
payments in respect of the principal of, premium, if any, and interest, if any, on such Securities
and any coupons appertaining thereto when such payments are due; (ii) the Company’s obligations
with respect to such Securities under Sections 3.4, 3.5, 3.6, 9.2 and 9.3

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and with respect to the payment of Additional Amounts, if any, payable with respect to such
Securities as specified pursuant to Section 3.1(b)(18); (iii) the rights, powers, trusts, duties
and immunities of the Trustee hereunder and (iv) this Article 4. Subject to compliance with this
Article 4, the Company may exercise its option under this Section notwithstanding the prior
exercise of its option under Section 4.5 with respect to such Securities and any coupons
appertaining thereto. Following a defeasance, payment of such Securities may not be accelerated
because of an Event of Default.

     Section 4.5. Covenant Defeasance. Upon the Company’s exercise of the option specified
in Section 4.3 applicable to this Section with respect to any Securities of a series, the Company
shall be released from its obligations under Sections 7.1, 9.4 (other than the Company’s obligation
to maintain its corporate existence), 9.5 and 9.9 and, if specified pursuant to Section 3.1, its
obligations under any other covenant, with respect to such Securities and any coupons appertaining
thereto on and after the date the conditions set forth in Section 4.6 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 7.1, 9.4 (other
than the Company’s obligation to maintain its corporate existence), 9.5 and 9.9 and any 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 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 5.1(3) or 5.1(7) 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 4.6. Conditions to Defeasance or Covenant Defeasance. The following shall be
the conditions to application of Section 4.4 or Section 4.5 to any Securities of or within a series
and any coupons appertaining thereto:

          (a) The Company shall have irrevocably deposited or caused to be deposited with the Trustee
(or another trustee satisfying the requirements of Section 6.12 who shall agree in writing to
comply with, and shall be entitled to the benefits of, the provisions of Sections 4.3 through 4.10
inclusive and the last paragraph of Section 9.3 applicable to the Trustee, for purposes of such
Sections also a “Trustee”) as trust funds in trust for the purpose of making the payments referred
to in clauses (x) and (y) of this Section 4.6(a), specifically pledged as security for, and
dedicated solely to, the benefit of the Holders of such Securities and any coupons appertaining
thereto, with instructions to the Trustee as to the application thereof, (A) money in an amount (in
such currency in which such Securities and any coupons appertaining thereto are then specified as
payable at Stated Maturity or, if such defeasance or covenant defeasance is to be effected in
compliance with Section 4.6(g) below, on the relevant Redemption Date, as the case may be), or (B)
if Securities of such series are not subject to repayment or repurchase at the option of Holders,
Government Obligations applicable to such Securities and any coupons

31

 

appertaining thereto (determined on the basis of the currency in which such Securities and
coupons, if any, are then specified as payable at Stated Maturity or the applicable Redemption
Date, as the case may be) which through the payment of interest and principal in respect thereof in
accordance with their terms will provide (without consideration of any reinvestment of such
principal and interest), not later than one day before the due date of any payment referred to in
clause (x) or (y) of this Section 4.6(a), money in an amount or (C) a combination thereof in an
amount, sufficient, in the opinion of any 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 to pay and discharge, (x) the principal of, and premium, if any, and
interest, if any, on such Securities and any coupons appertaining thereto on the Stated Maturity of
such principal or installment of principal or interest or on the applicable Redemption Date, as the
case may be, and (y) any mandatory sinking fund payments applicable to such Securities on the day
on which such payments are due and payable in accordance with the terms of this Indenture and such
Securities and any coupons appertaining thereto.

          (b) Such defeasance or covenant defeasance shall not result in a breach or violation of, or
constitute a Default or Event of Default under, this Indenture or result in a breach or violation
of, or constitute a default under, any other material agreement or instrument to which the Company
is a party or by which it is bound.

          (c) In the case of an election under Section 4.4, the Company shall have delivered to the
Trustee an Opinion of Counsel to the effect 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 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 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.

          (d) In the case of an election under Section 4.5, the Company shall have delivered to the
Trustee an Opinion of Counsel to the effect that the Holders of such 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.

          (e) 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 4.4 or the
covenant defeasance under Section 4.5 (as the case may be) have been complied with.

          (f) No Event of Default or Default with respect to such Securities or any coupons appertaining
thereto shall have occurred and be continuing on the date of such deposit, or, insofar as Defaults
in Events of Default under Sections 5.1(5) and 5.1(6) 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).

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          (g) If the monies or Government Obligations or combination thereof, as the case may be,
deposited under Section 4.6(a) above are sufficient to pay the principal of, and premium, if any,
and interest, if any, on such Securities and coupons, if any, appertaining thereto provided such
Securities are redeemed on a particular Redemption Date, the Company shall have given the Trustee
irrevocable instructions to redeem such Securities on such date and to provide notice of such
redemption to Holders as provided in or pursuant to this Indenture.

          (h) 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 as contemplated by Section 3.1.

     Section 4.7. Deposited Money and Government Obligations to Be Held in Trust. Subject
to the provisions of the last paragraph of Section 9.3, all money and Government Obligations (or
other property as may be provided pursuant to Section 3.1) (including the proceeds thereof)
deposited with the Trustee pursuant to Section 4.6 in respect of any 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 (other than 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, premium, if
any, and interest, if any, but such money need not be segregated from other funds except to the
extent required by law.

          Unless otherwise specified in or pursuant to this Indenture or any Securities, if, after a
deposit referred to in Section 4.6(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 3.1 or the terms of
such Security to receive payment in a currency other than that in which the deposit pursuant to
Section 4.6(a) has been made in respect of such Security, or (b) a Conversion Event occurs in
respect of the Foreign Currency in which the deposit pursuant to Section 4.6(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, 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
monies or Government Obligations (or other property and any proceeds therefrom) deposited in
respect of such Security into the currency in which such Security becomes payable as a result of
such election or Conversion Event based on (x) in the case of payments made pursuant to clause (a)
above, the applicable market exchange rate for such Foreign Currency in effect on the second
Business Day prior to each payment date, or (y) with respect to a Conversion Event, the applicable
market exchange rate for such Foreign Currency in effect (as nearly as feasible) at the time of the
Conversion Event.

     Section 4.8. Repayment to Company. Anything in this Article 4 to the contrary
notwithstanding, 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 4.6(a) with respect to the Securities of any series 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

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thereof which would then be required to be deposited to effect a defeasance or covenant
defeasance, as applicable, of such Securities in accordance with Section 4.6.

     Section 4.9. Indemnity for Government Obligations. The Company shall pay, and shall
indemnify the Trustee against, any tax, fee or other charge imposed on or assessed against
Government Obligations deposited pursuant to this Article or the principal and interest received on
such Government Obligations.

     Section 4.10. Reinstatement. If the Trustee or any Paying Agent is unable to apply
any monies or Government Obligations (or other property or any proceeds therefrom) deposited
pursuant to Section 4.6(a) in accordance with this Indenture or the Securities of the applicable
series by reason of any legal proceeding or by reason of any order or judgment of any court or
governmental authority enjoining, restraining or otherwise prohibiting such application, then the
Company’s obligations under this Indenture and the Securities of such series shall be revived and
reinstated as though no deposit had occurred pursuant to Section 4.6(a) until such time as the
Trustee or a Paying Agent is permitted to apply such monies or Government Obligations (or other
property or any proceeds therefrom) in accordance with this Indenture and the Securities of such
series; provided, however, that if the Company makes any payment of principal of, premium, if any,
or interest on any Security of such series following the reinstatement of its obligations, the
Company shall be subrogated to the rights of the Holders of such Securities to receive such payment
from the cash and Government Obligations(or other property or any proceeds therefrom) held by the
Trustee or Paying Agent.

ARTICLE 5

DEFAULTS AND REMEDIES

     Section 5.1. Events of Default. “Event of Default”, wherever used herein with respect
to Securities of any series, means any of the following events (whatever the reason for such Event
of Default and whether 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) unless such event is specifically deleted or modified in or
pursuant to the supplemental indenture, Board Resolution or Officers’ Certificate establishing the
terms of such series pursuant to Section 3.1 of this Indenture:

               (1) default in the payment of any interest on any Security of that series or any coupon
appertaining thereto, or any Additional Amounts payable with respect to any Security of that
series, when the same becomes due and payable and continuance of such default for a period
of 30 days; or

               (2) default in the payment of any principal of or premium, if any, on any Security of
that series when the same becomes due and payable at its Maturity (whether at Stated
Maturity, upon redemption, repurchase at the option of the Holder or otherwise), or default
in the making of any mandatory sinking fund payment in respect of any Securities of that
series when and as due by the terms of the Securities of that series; or

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               (3) default in any material respect in the performance, or breach, of any covenant or
warranty of the Company in this Indenture or any Security of such series (other than a
covenant or warranty for which the consequences of breach or nonperformance are addressed
elsewhere in this Section 5.1 or a covenant or warranty which has expressly been included in
this Indenture, whether or not by means of a supplemental indenture, solely for the benefit
of Securities of a series other than such 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
aggregate principal amount of the Outstanding Securities of such 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

               (4) [intentionally omitted]; or

               (5) the Company pursuant to or within the meaning of any Bankruptcy Law (A) commences a
voluntary case or proceeding, (B) consents to the entry of an order for relief against it in
an involuntary case or proceeding or to the commencement of any bankruptcy or insolvency
case or proceeding against it, (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

               (6) a court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that (A) is for relief against the Company in an involuntary case, (B) appoints a
Custodian of the Company or for all or substantially all of its property, (C) orders the
winding up or liquidation of the Company , (D) adjudges the Company a bankrupt or insolvent
or (E) approves as properly filed a petition seeking reorganization, arrangement, adjustment
or composition of or in respect to the Company; and any such order or decree described in
this clause (6) remains unstayed and in effect for 60 days; or

                (7) any other Event of Default provided as contemplated by Section 3.1 with respect to
Securities of that series.

          The term “Bankruptcy Law” means Title 11, U.S. Code, or any similar federal or state law for
the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or
similar official under any Bankruptcy Law.

     Section 5.2. Acceleration; Rescission and Annulment. If an Event of Default with
respect to the Securities of any series at the time Outstanding occurs and is continuing, the
Trustee or the Holders of at least 25% in aggregate principal amount of all of the Outstanding
Securities of such series, by written notice to the Company (and, if given by the Holders, to the
Trustee), may declare the principal of (or, if the Securities of that series are Original Issue
Discount Securities or Indexed Securities, such portion of the principal amount as may be specified
in the terms of that series) and accrued interest, if any, on all the Securities of that series to
be due and payable and upon any such declaration such principal (or, in the case of Original Issue
Discount Securities or Indexed Securities, such specified amount) and interest, if any, shall be
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 aggregate principal
amount of the Outstanding Securities of that series, by written notice to the Trustee, may rescind
and annul such declaration and its consequences if:

               (1) the Company has paid or deposited with the Trustee a sum of money sufficient to pay
(i) all overdue installments of interest on any Securities of such series and any coupons
appertaining thereto which have become due otherwise than by such declaration of
acceleration and any Additional Amounts with respect thereto, (ii) the principal of and any
premium on any Securities of such series which have become due otherwise than by such
declaration of acceleration and any Additional Amounts with respect thereto and, to the
extent permitted by applicable law, interest thereon at the rate or rates borne by or
provided for in such Securities, (iii) to the extent permitted by applicable law, interest
upon installments of interest, if any, which have become due otherwise than by such
declaration of acceleration and any Additional Amounts with respect thereto at the rate or
rates borne by or provided for in such Securities, and (iv) all sums paid or advanced by the
Trustee hereunder and the compensation, expenses, disbursements and advances of the Trustee,
its agents and counsel and all other amounts due the Trustee under Section 6.9; and

                (2) all Events of Default with respect to Securities of such series, other than the
non-payment of the principal of, and interest on, and any Additional Amounts with respect
to, Securities of such series which shall have become due solely by such declaration of
acceleration, shall have been cured or waived as provided in Section 5.7.

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

     Section 5.3. Collection of Indebtedness and Suits for Enforcement by Trustee. The
Company covenants that if

               (1) default is made in the payment of any interest on any Security or coupon, if any,
or any Additional Amounts with respect to any Security when the same 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, if any, on) any
Security at the Maturity thereof,

the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such
Securities or coupons, if any, the whole amount then due and payable on such Securities for
principal, premium, if any, interest and Additional Amounts, if any, and, to the extent that
payment of such interest shall be legally enforceable, interest on any overdue principal, premium,
if any, interest and Additional Amounts, if any, at the rate or rates borne by or prescribed
therefor in such Securities or coupons, if any, 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 the money it is required to pay the Trustee pursuant to the
preceding paragraph forthwith upon the demand of the Trustee, the Trustee, in its own name and as
trustee of an express trust, may institute a judicial proceeding for the collection of the money 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 and any coupons appertaining
thereto and collect the monies 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 and any coupons
appertaining thereto, 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 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 secure any other proper remedy.

     Section 5.4. 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 such other obligor or their creditors, the Trustee
(irrespective of whether the principal of the Securities 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 any overdue principal, premium, interest or Additional
Amounts) shall be entitled and empowered, by intervention in such proceeding or otherwise,

          (a) 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 the principal and any premium, interest and Additional
Amounts owing and unpaid in respect of such Securities and any coupons appertaining thereto 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 or counsel) and of the Holders of Securities or any coupons
allowed in such judicial proceeding, and

          (b) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same; and any Custodian in any such judicial proceeding is hereby
authorized by each Holder of Securities or any 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 of
Securities or any coupons, to pay to the Trustee any amount due to it for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any
other amounts due the Trustee under Section 6.9.

          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 any 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 any coupon in any such proceeding.

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     Section 5.5. 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 or
judgment, after provision for the payment of the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel, shall be for the ratable benefit of each and
every Holder of a Security or coupon in respect of which such judgment has been recovered.

     Section 5.6. Delay or Omission Not Waiver. No delay or omission by the Trustee or any
Holder of any Securities to exercise any right or remedy accruing upon an Event of Default shall,
to the extent permitted by applicable law, impair any such right or remedy or constitute a waiver
of or acquiescence in any such Event of Default. Every right and remedy given by this Article 5 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 5.7. Waiver of Past Defaults. The Holders of a majority in aggregate
principal amount of the Outstanding Securities of any series by written notice to the Trustee may
waive on behalf of the Holders of all Securities of such series any past Default or Event of
Default with respect to that series and its consequences except (i) a Default or Event of Default
in the payment of the principal of, or premium, if any, or interest on, or Additional Amounts, if
any, with respect to, any Security of such series or any coupon appertaining thereto or (ii) in
respect of a covenant or provision hereof which pursuant to Section 8.2 cannot be amended or
modified without the consent of the Holder of each Outstanding Security of such series affected.
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.

     Section 5.8. Control by Majority. The Holders of a majority in aggregate 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 it with respect to Securities of that series; provided, however, that
(i) the Trustee may refuse to follow any direction that conflicts with law or this Indenture, (ii)
the Trustee may refuse to follow any direction that is unduly prejudicial to the rights of the
Holders of Securities of such series not consenting or that would in the good faith judgment of the
Trustee have a substantial likelihood of involving the Trustee in personal liability and (iii) the
Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such
direction.

     Section 5.9. Limitation on Suits by Holders. No Holder of any Security of any series
or any coupons appertaining thereto 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) the Holder has previously given written notice to the Trustee of a continuing Event
of Default with respect to the Securities of such series;

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               (2) the Holders of at least 25% in aggregate principal amount of the Outstanding
Securities of that series have made a 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 satisfactory to the
Trustee against any loss, liability or expense to be, or which may be, incurred by the
Trustee in pursuing the remedy;

               (4) the Trustee for 60 days after its receipt of such notice, request and the offer of
indemnity has failed to institute any such proceedings; and

               (5) during such 60 day period, the Holders of a majority in aggregate principal amount
of the Outstanding Securities of such series have not given to the Trustee a direction
inconsistent with such written request.

          No one or more 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 of such Holders.

     Section 5.10. Rights of Holders to Receive Payment. Notwithstanding any other
provision of 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, if any, and,
subject to Sections 3.5 and 3.7, interest on, and Additional Amounts, if any, with respect to, such
Security and such coupon on the respective due dates expressed in such Security or coupon (or, in
case of redemption, on the Redemption Date or, in the case of repurchase by the Company at the
option of such Holder, on any date such repurchase is due to be made), and to institute suit for
the enforcement of any such payment, and such right shall not be impaired or affected without the
consent of such Holder.

     Section 5.11. Application of Money Collected. If the Trustee collects any money
pursuant to this Article, it shall pay out the money 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,
premium, if any, or interest, upon presentation of the Securities and the notation thereon of the
payment if only partially paid and upon surrender thereof if fully paid:

          FIRST: to the Trustee for amounts due under Section 6.9;

          SECOND: to Holders of Securities and coupons in respect of which or for the benefit of which
such money has been collected for amounts due and unpaid on such Securities for principal, premium,
if any, interest and Additional Amounts, if any, ratably, without preference or priority of any
kind, according to the amounts due and payable on such Securities for principal, premium, if any,
interest and Additional Amounts, if any, respectively; and

          THIRD: to the Company.

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          The Trustee may fix a record date and payment date for any payment to Holders pursuant to this
Section 5.11. At least 15 days before such record date, the Trustee shall mail to each holder and
the Company a notice that states the record date, the payment date and the amount to be paid.

     Section 5.12. Restoration of Rights and Remedies. If the Trustee or any Holder 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, subject to any determination in such proceeding,
the Company, the Trustee and the Holders shall 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 5.13. Rights and Remedies Cumulative. To the extent permitted by applicable
law and except as otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities in the last paragraph of Section 3.6, no right or remedy
herein conferred upon or reserved to the Trustee or the Holders 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.

     Section 5.14. Waiver of Stay or Extension Laws. The Company covenants that (to the
extent that it may lawfully do so) it will not at any time insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any 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 expressly waives (to the extent that it may lawfully do so) all benefit
or advantage of any such law and covenants (to the extent it may lawfully do so) 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 5.15. 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 any 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
5.15 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 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, if any, or interest, if any, on or Additional Amounts, if
any, with respect to any Security on or after the respective Stated Maturities expressed in such
Security (or, in the case of

40

 

redemption, on or after the redemption date, or, in the case of repurchase by the Company at
the option of the holder, on or after the date for repurchase).

ARTICLE 6

THE TRUSTEE

     Section 6.1. Certain Duties and Responsibilities of the Trustee.

          (a) Except during the continuance of an Event of Default, the Trustee’s duties and
responsibilities under this Indenture shall be governed by Section 315(a) of the Trust Indenture
Act and no implied duties shall be inferred against the Trustee.

          (b) In case an Event of Default has occurred and is continuing, the Trustee shall exercise the
rights and powers vested in it by this Indenture, and shall use the same degree of care and skill
in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of
his own affairs.

     Section 6.2. Rights of Trustee. Subject to the provisions of the Trust Indenture Act:

          (a) The Trustee may conclusively rely and shall be fully protected in acting or refraining
from acting upon any document believed by it to be genuine and to have been signed or presented by
the proper party or parties. The Trustee need not investigate any fact or matter stated in the
document but the Trustee may, in its discretion, 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, 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.

          (b) 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
3.3, which shall be sufficiently evidenced as provided therein) and any resolution of the Board of
Directors may be sufficiently evidenced by a Board Resolution.

          (c) Before the Trustee acts or refrains from acting, it may consult with counsel of its own
selection (who may be in-house counsel) or require an Officers’ Certificate. The Trustee shall not
be liable for any action it takes or omits to take in good faith in reliance on a Board Resolution,
the written advice of counsel, who may be an attorney for the Company, an Officers’ Certificate or
an Opinion of Counsel.

          (d) The Trustee may act through agents or attorneys and shall not be responsible for the
misconduct or negligence of any agent or attorney appointed with due care.

          (e) The Trustee shall not be liable for any action it takes or omits to take in good faith
which it believes to be authorized or within its rights or powers.

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          (f) 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 its
rights or powers.

          (g) The permissive rights of the Trustee to do things enumerated in this Indenture shall not
be construed as a duty unless so specified herein.

          (h) The Trustee shall not be liable with respect to any action taken or omitted to be taken by
it in good faith and without negligence 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.

          (i) 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.

          (j) The Trustee’s rights to immunities and protection from liability hereunder and its rights
to payment of its fees, indemnities and expenses shall survive termination of this Agreement and
its resignation or removal.

          (k) 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 to act hereunder.

          (l) In no event shall the Trustee be responsible or liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit)
irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and
regardless of the form of action.

     Section 6.3. Trustee May Hold Securities. The Trustee, any Paying Agent, any
Registrar 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 Sections 310(b) and 311 of the Trust
Indenture Act, with which the Trustee shall comply, may otherwise deal with the Company and an
Affiliate or Subsidiary of the Company with the same rights it would have if it were not Trustee,
Paying Agent, Registrar or such other agent.

     Section 6.4. 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 upon in
writing with the Company.

     Section 6.5. Trustee’s Disclaimer. The recitals contained herein and in the
Securities, except the Trustee’s certificate of authentication, shall be taken as the statements of
the

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Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no
representation as to the validity, adequacy or priority of this Indenture or the Securities or any
coupon. The Trustee shall not be accountable for the Company’s use of the proceeds from the
Securities or for monies paid over to the Company pursuant to the Indenture.

     Section 6.6. Notice of Defaults. If a Default occurs and is continuing with respect
to the Securities of any series and if it is actually known to a Responsible Officer of the
Trustee, the Trustee shall, within 90 days after it occurs, transmit by mail, in the manner and to
the extent provided in Section 313(c) of the Trust Indenture Act, notice of all Defaults known to
it unless such Default shall have been cured or waived; provided, however, that in the case of a
Default in payment on the Securities of any series, the Trustee may withhold the notice if and so
long as a committee of its Responsible Officers in good faith determines that withholding such
notice is in the interests of Holders of Securities of that series; and provided, further, that in
the case of any Default of the character specified in Section 5.1(3) with respect to Securities of
such series, no such notice to Holders shall be given until at least 30 days after the occurrence
thereof.

           The Trustee shall not be deemed to have notice of a Default or an Event of Default unless (i)
the Trustee has received written notice thereof from the Company or any Holder or (ii) a
Responsible Officer of the Trustee shall have actual knowledge thereof as evidenced in writing.
Except as otherwise expressly provided herein, the Trustee shall not be bound to ascertain or
inquire as to the performance or observance of any of the terms, conditions, covenants or
agreements herein, or of any of the documents executed in connection with the Securities, or as to
the existence of a Default or an Event of Default thereunder.

     Section 6.7. Reports by Trustee to Holders. Within 60 days after each May 15 of each
year commencing with the first May 15 after the first issuance of Securities pursuant to this
Indenture, the Trustee shall transmit by mail to all Holders of Securities as provided in Section
313(c) of the Trust Indenture Act a brief report dated as of such May 15 if required by and in
compliance with Section 313(a) of the Trust Indenture Act. The Trustee shall also comply with
Sections 313(b) and (d) of the Trust Indenture Act.

     Section 6.8. Securityholder Lists. The Trustee shall preserve in as current a form as
is reasonably practicable the most recent list available to it of the names and addresses of
Holders of Securities of each series. If the Trustee is not the Registrar, the Company shall
furnish to the Trustee semiannually on or before the last day of June and December in each year,
and at such other times as the Trustee may request in writing, a list, in such form and as of such
date as the Trustee may reasonably require, containing all the information in the possession or
control of the Registrar, the Company or any of its Paying Agents other than the Trustee as to the
names and addresses of Holders of Securities of each such series. If there are Bearer Securities of
any series outstanding, even if the Trustee is the Registrar, the Company shall furnish to the
Trustee such a list containing such information with respect to Holders of such Bearer Securities
only. Holders of Securities may communicate pursuant to Section 312(b) of the Trust Indenture Act
with other Holders with respect to their rights under this Indenture or the Securities. The
Company, the Trustee and all other Persons shall have the protection of Section 312(c) of the Trust
Indenture Act.

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     Section 6.9. Compensation and Indemnity.

          (a) The Company shall pay to the Trustee such compensation as the Company and the Trustee
shall from time to time agree in writing for all services rendered by it hereunder. The Trustee’s
compensation shall not be limited by any law on compensation of a trustee of an express trust. The
Company shall reimburse the Trustee upon request for all out-of-pocket expenses incurred by it in
connection with the performance of its duties under this Indenture, except any such expense as
shall be determined to have been caused by its own negligence or willful misconduct. Such expenses
shall include the reasonable compensation and expenses of the Trustee’s agents and counsel.

          (b) The Company shall fully indemnify the Trustee for, and hold it harmless against, any and
all loss or liability, damage, claim or expense including taxes (other than taxes based upon or
determined or measured by the income of the Trustee) incurred by it arising out of or in connection
with its 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. The Trustee shall notify the Company promptly
of any claim of which it has received written notice and for which it may seek indemnity. The
Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have
separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The
Company need not pay for any settlement made without its consent, which consent shall not be
unreasonably withheld.

          (c) The Company need not reimburse any expense or indemnify against any loss or liability
determined by a court of competent jurisdiction to have been caused by the Trustee through its own
negligence or willful misconduct.

          (d) To secure the payment obligations of the Company pursuant to this Section, the Trustee
shall have a lien prior to the Securities of any series on all money or property held or collected
by the Trustee, in its capacity as Trustee, except that held in trust to pay principal, premium, if
any, and interest on and Additional Amounts, if any, with respect to particular Securities.

          When the Trustee incurs expenses or renders services in connection with an Event of Default
specified in Section 5.1(5) or Section 5.1(6), 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.

          The provisions of this Section shall survive the termination of this Indenture and the
resignation or removal of the Trustee. All indemnifications and releases from liability granted in
this Article 6 to the Trustee shall extend to its directors, officers, employees and agents and to
the Trustee and to each Paying Agent and Registrar. Whether or not expressly provided for herein,
every provision of this Indenture relating to the conduct or affecting the liability of the Trustee
shall be subject to the provisions of this Article 6.

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     Section 6.10. Replacement of Trustee.

          (a) The resignation or removal of the Trustee and the appointment of a successor Trustee shall
become effective only upon the successor Trustee’s acceptance of appointment as provided in Section
6.11.

          (b) The Trustee may resign at any time with respect to the Securities of any series by giving
written notice thereof to the Company. If the instrument of acceptance by a successor Trustee
required by Section 6.11 shall not have been delivered to the Trustee within 30 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 with respect
to the Securities of such series.

          (c) The Holders of a majority in aggregate principal amount of the Outstanding Securities of
any series may remove the Trustee with respect to that series by so notifying the Trustee and the
Company and may appoint a successor Trustee for such series with the Company’s consent.

          If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have
been delivered to the Trustee within 30 days after the giving of such notice of removal, the
Trustee being removed may petition at the expense of the Company any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Securities of such
series.

          (d) If at any time:

          (1) the Trustee fails to comply with Section 310(b) of the Trust Indenture Act after
written request therefor by the Company or by any Holder who has been a bona fide Holder of
a Security for at least six months;

          (2) the Trustee shall cease to be eligible under Section 310(a) of the Trust Indenture
Act 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 becomes incapable of acting, is adjudged a bankrupt or an insolvent or
a receiver or public officer takes charge of the Trustee or its property or affairs for the
purpose of rehabilitation, conservation or liquidation, then, in any such case, (i) the
Company by or pursuant to a Board Resolution may remove the Trustee with respect to all
Securities, or (ii) subject to Section 315(e) of the Trust Indenture Act, any Holder 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 resigns, is removed or becomes incapable of acting, or if a vacancy exists
in the office of Trustee for any reason, with respect to Securities of one or more series, the
Company, by or pursuant to Board Resolution, shall promptly appoint a successor Trustee with
respect to the Securities of that or those series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all of such

45

 

series and that at any time there shall be only one Trustee with respect to the Securities of
any particular series) and shall comply with the applicable requirements of Section 6.11. 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 in accordance with the applicable requirements of Section 6.11,
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 and
accepted appointment in the manner required by Section 6.11, any Holder 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 the Securities of such series.

     Section 6.11. 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 shall execute, acknowledge and deliver to the Company and
to the retiring Trustee an instrument accepting such appointment. Thereupon, the resignation or
removal of the retiring Trustee shall become effective, and the successor Trustee, without further
act, deed or conveyance, shall become vested with all the rights, powers and duties of the retiring
Trustee; but, on the 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.

          (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 such successor Trustee
shall execute and deliver an indenture supplemental hereto wherein such successor Trustee shall
accept such appointment and which (i) shall contain such provisions as shall be necessary or
desirable to transfer and confirm to, and to vest in, such 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, (ii) 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 (iii) 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. 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

46

 

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, 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 the Trust Indenture Act.

          (e) 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 1.6. 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 6.12. Eligibility; Disqualification. There shall at all times be a Trustee
hereunder which shall be eligible to act as Trustee under Section 310(a)(1) of the Trust Indenture
Act and shall have a combined capital and surplus of at least $50,000,000 (or, in the case of a
Trustee which is a subsidiary of a bank holding company, which Trustee shall have a combined
capital and surplus of at least $10,000,000 and whose ultimate parent bank holding company shall
have a combined capital and surplus of at least $50,000,000). If such corporation (or ultimate
parent bank holding company, as the case may be) 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 such corporation (or ultimate parent bank holding company, as the case may be) 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 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 for the Securities of any
series.

     Section 6.13. 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 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 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

47

 

authentication and deliver the Securities so authenticated with the same effect as if such
successor Trustee had itself authenticated such Securities.

     Section 6.14. Appointment of Authenticating Agent. 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
original issue, exchange, registration of transfer or partial redemption 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, except as may otherwise be provided pursuant to Section 3.1, 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 1.6. Any successor
Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the
rights, powers and duties of its predecessor

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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.

          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.

          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 described in the within-mentioned Indenture.

	 	 	 	 	 	 	 
	 
	 	 	 	 	 
	 

	 	Trustee	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

as Authenticating Agent
	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

Authorized Signatory
	 	 
	 
	 	 	 	 	 	 
	 

	 	Dated:	 	 	 	 
	 

	 	 	 	 

	 	 

ARTICLE 7

CONSOLIDATION, MERGER OR SALE BY THE COMPANY

     Section 7.1. Consolidation, Merger or Sale of Assets Permitted. The Company shall not
consolidate or merge with or into, or sell, convey, assign, transfer, lease or otherwise dispose of
all or substantially all of its assets to, any Person unless:

          (1) the Person formed by or surviving any such consolidation or merger (if other than
the Company), or which acquires the Company’s assets, is a corporation or limited liability
company organized and existing under the laws of the United States of America, any state
thereof or the District of Columbia;

          (2) the Person formed by or surviving any such consolidation or merger (if other than
the Company), or which acquires the Company’s assets, expressly assumes by supplemental
indenture all the obligations of the Company under the Securities and this Indenture; and

          (3) immediately after giving effect to the transaction no Default or Event of Default
shall have occurred and be continuing.

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          The Company shall deliver to the Trustee prior to the proposed transaction an Officers’
Certificate and an Opinion of Counsel each stating that the proposed transaction and such
supplemental indenture comply with this Indenture and that all conditions precedent to the
consummation of the transaction under this Indenture have been met.

     Section 7.2. Successor Person Substituted for Company. Upon any consolidation by the
Company with or merger of the Company into any other Person or any sale, conveyance, assignment,
transfer, lease or other disposition of all or substantially all of the assets of the Company to
any Person in accordance with Section 7.1, the successor Person formed by such consolidation or
into which the Company is merged or to which such sale, conveyance, assignment, transfer, lease or
other disposition is made shall succeed to, and be substituted for, and may exercise every right
and power of, the Company under this Indenture with the same effect as if such successor Person had
been named as the Company herein, and thereafter, except in the case of a lease, the predecessor
Person shall be released from all obligations and covenants under this Indenture, the Securities
and the coupons.

ARTICLE 8

SUPPLEMENTAL INDENTURES

     Section 8.1. Supplemental Indentures Without Consent of Holders. Without the consent
of any Holders, 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 indentures supplemental hereto, in form
reasonably 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 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 with respect to all or any series of
Securities; or

          (4) to add to or change any of the provisions of this Indenture to such extent as shall
be necessary to facilitate the issuance of Bearer Securities (including, without limitation,
to provide that Bearer Securities may be registrable as to principal only) or to facilitate
the issuance of Securities in global form; or

          (5) to amend or supplement any provision contained herein or in any supplemental
indenture (which amendment or supplement may apply to one or more series of Securities or to
one or more Securities within any series as specified in such supplemental indenture),
provided that such amendment or supplement does not apply to

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any Outstanding Security issued prior to the date of such supplemental indenture and
entitled to the benefits of such provision; or

          (6) to secure the Securities; or

          (7) to establish the form or terms of Securities of any series as permitted by Sections
2.1 and 3.1; 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, pursuant to the
requirements of Section 6.11; or

          (9) if allowed without penalty under applicable laws and regulations, to permit payment
in the United States of principal, premium, if any, or interest, if any, on Bearer
Securities or coupons, if any; or

          (10) to cure any ambiguity or correct any mistake or to correct or supplement any
provision herein which may be inconsistent with any other provision herein or to make any
other provisions with respect to matters or questions arising under this Indenture, provided
such action shall not adversely affect the interests of any Holder of Securities of any
series; or

          (11) to make any change to comply with the Trust Indenture Act of 1939 or any amendment
thereof, or any requirement of the Securities and Exchange Commission in connection with the
qualification of this Indenture under the Trust Indenture Act of 1939 or any amendment
thereof.

     Section 8.2. Supplemental Indentures With Consent of Holders. With the written
consent of the Holders of a majority of the aggregate principal amount of the Outstanding
Securities of each series 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 to add any provisions
to or to change or eliminate any provisions of this Indenture or of any other indenture
supplemental hereto or to modify the rights of the Holders of such Securities; provided, however,
that without the consent of the Holder of each Outstanding Security affected thereby, an amendment
under this Section may not:

          (1) change the Stated Maturity of the principal of or premium, if any, on or of any
installment of principal of or premium, if any, or interest, if any, on, or Additional
Amounts, if any, with respect to, any Security, or reduce the principal amount of, or any
installment of principal of, or premium, if any, or interest, if any, on, or any Additional
Amounts payable with respect to, any Security or the rate of interest on any Security, or
reduce the amount of premium, if any, payable upon redemption of any Security or the
repurchase by the Company of any Security at the option of the Holder thereof, or change the
manner in which the amount of any principal thereof or premium, if any, or interest thereon
or Additional Amounts, if any, with respect thereto is

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determined, or reduce the amount of the principal of any Original Issue Discount
Security or Indexed Security that would be due and payable upon a declaration of
acceleration of the Maturity thereof pursuant to Section 5.2, or change the currency in
which any Securities or any premium or the interest thereon or Additional Amounts, if any,
with respect thereto, is payable, or change the index, securities or commodities with
reference to which or the formula by which the amount of principal or any premium or the
interest thereon is determined, 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, on
or after the Redemption Date or, in the case of repurchase by the Company at the option of
the Holder, on or after the date for repurchase);

          (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 (of compliance with certain provisions
of this Indenture or certain defaults hereunder and their consequences) provided for in this
Indenture;

          (3) change any obligation of the Company to maintain an office or agency in the places
and for the purposes specified in Section 9.2; or

          (4) make any change in Section 5.7 or this 8.2 except to increase any percentage or to
provide that certain other provisions of this Indenture cannot be modified or waived without
the consent of the Holders of each Outstanding Security affected thereby.

          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.

          It is not necessary under this Section 8.2 for the Holders to consent to the particular form
of any proposed supplemental indenture, but it is sufficient if they consent to the substance
thereof.

     Section 8.3. Compliance with Trust Indenture Act. Every amendment to this Indenture
or the Securities of one or more series shall be set forth in a supplemental indenture that
complies with the Trust Indenture Act as then in effect.

     Section 8.4. 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 provided with,
and 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 8.5. 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 8.6. Reference in Securities to Supplemental Indentures. Securities,
including any coupons, 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 including any coupons 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 including any coupons of such series.

ARTICLE 9

COVENANTS

     Section 9.1. Payment of Principal, Premium, 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, if any, and interest on, and Additional Amounts,
if any, with respect to, the Securities of that series in accordance with the terms of the
Securities of such series, any coupons appertaining thereto and this Indenture. An installment of
principal, premium, if any, interest or Additional Amounts, if any, shall be considered paid on the
date it is due if the Trustee or Paying Agent holds on that date money designated for and
sufficient to pay the installment.

     Section 9.2. Maintenance of Office or Agency. If Securities of a series are issued as
Registered Securities, the Company will maintain in each Place of Payment for such series of
Securities an office or agency where Securities of that series may be presented or surrendered for
payment, where Securities of that series may be surrendered for registration of transfer or
exchange and where notices and demands to or upon the Company in respect of the Securities of that
series and this Indenture may be served. If Securities of a series are issuable as Bearer
Securities, the Company will maintain, (i) subject to any laws or regulations applicable thereto,
an office or agency in a Place of Payment for that series which is located outside the United
States 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 other 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 (ii) subject to any laws or regulations applicable thereto, an office or
agency in a Place of Payment for that series which is located outside the United States, where
Securities of that series may be surrendered for 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 any such office or agency. If at any time the Company shall fail to maintain any such

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required office or agency or shall fail to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office
of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such
presentations, surrenders, notices and demands.

          Unless otherwise specified as contemplated by Section 3.1, no payment of principal, premium or
interest on Bearer Securities shall be made at any office or agency of the Company in the United
States, by check mailed to any address in the United States, by transfer to an account located in
the United States or upon presentation or surrender in the United States of a Bearer Security or
coupon for payment, even if the payment would be credited to an account located outside the United
States; provided, however, that, if the Securities of a series are denominated and payable in
Dollars, payment of principal of and any premium or interest on any such 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 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 also from time to time designate one or more other offices or agencies where
the Securities (including any coupons, if any) of one or more series may be presented or
surrendered for any or all 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 each Place of Payment for Securities
(including any coupons, if any) 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 provided in or pursuant to this Indenture, the Company hereby designates the
Borough of Manhattan, The City of New York, as the Place of Payment for each series of Securities
and initially appoints the Trustee, at its offices which on the date of this Indenture are located
at The Bank of New York, 101 Barclay Street, Floor 8W, New York, New York 10286, as the Company’s
agency in the Borough of Manhattan, The City of New York for the foregoing purposes and as
Registrar and Paying Agent. The Company may subsequently appoint a different office or agency in
the Borough of Manhattan, The City of New York and a different Registrar and Paying Agent for the
Securities of any series.

     Section 9.3. Money for Securities Payments to Be Held in Trust; Unclaimed Money. If
the Company shall at any time act as its own Paying Agent with respect to any series of Securities,
it will, on or before each due date of the principal of, or premium, if any, or interest on, or
Additional Amounts, if any, with respect to, any of the Securities of that series, segregate and
hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the
principal, premium, 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 in writing
of its action or failure so to act.

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          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 the principal of, premium, if any, or
interest on or Additional Amounts, if any, with respect to the Securities of that series 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 of that series) in the making of any payment of principal, premium, if any,
or interest on the Securities; and

          (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 money.

          Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in
trust for the payment of any principal, premium or interest on any Security of any series and
remaining unclaimed for two years after such principal, premium, if any, or interest has become due
and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall
be discharged from such trust; and the Holder of such Security and coupon, if any, shall
thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all
liability of the Trustee or such Paying Agent with respect to such trust money, and all liability
of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or
such Paying Agent, before being required to make any such repayment, may at the expense of the
Company cause to be published once, in a newspaper published in the English language, customarily
published on each Business Day and of general circulation in The City of New York, or cause to be
mailed to such Holder, 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 or mailing, any
unclaimed balance of such money then remaining will be repaid to the Company.

     Section 9.4. Corporate Existence. Except as provided in Article 7, the Company will
at all times do or cause to be done all things necessary to preserve and keep in full force and
effect its corporate existence and its rights and franchises; provided that nothing in this Section
9.4 shall prevent the abandonment or termination of any right or franchise of the Company if, in
the opinion of the Company, such abandonment or termination is in the best interests of the Company
and not prejudicial in any material respect to the Holders of the Securities.

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     Section 9.5. Maintenance of Properties. The Company will use its reasonable efforts
to cause all material properties used or useful in the conduct of its business to be maintained and
kept in good condition, repair and working order (subject to wear and tear) and supplied with all
necessary material equipment and will use its reasonable efforts to cause to be made all necessary
material repairs, renewals, replacements, betterments and improvements thereof, 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 nothing in this
Section 9.5 shall prevent the Company from discontinuing the operation or maintenance of any of
such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct
of its business and not disadvantageous in any material respect to the Holders.

     Section 9.6. [Intentionally omitted]

     Section 9.7. Annual Review Certificate. The Company covenants and agrees to deliver
to the Trustee, within 120 days after the end of each fiscal year of the Company, a 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. For purposes of this Section 9.7, such compliance shall be determined without regard to
any period of grace or requirement of notice provided under this Indenture.

     Section 9.8. [Intentionally omitted]

     Section 9.9. Taxes. The Company shall, and shall cause each of its Subsidiaries to,
pay or discharge or cause to be paid or discharged prior to delinquency all taxes, assessments and
governmental levies the non-payment of which would materially adversely affect the business,
prospects, earnings, properties, assets or condition, financial or otherwise, of the Company and
its Subsidiaries taken as a whole except those taxes, assessments and governmental levies whose
amount, applicability or validity is being contested in good faith and by appropriate proceedings.

     Section 9.10. Additional Amounts. If any Securities of a series provide for the
payment of Additional Amounts pursuant to Section 3.1(b)(18), the Company agrees to pay to the
Holder of each such Security or any coupon appertaining thereto Additional Amounts as provided in
or pursuant to this Indenture or such Securities. Whenever in this Indenture there is mentioned, in
any context, the payment of the principal of or any premium or interest on, or in respect of, any
Security of any series or any coupon appertaining thereto, such mention shall be deemed to include
mention of the payment of any Additional Amounts provided by the terms of such series established
hereby or pursuant hereto to the extent that, in such context, Additional Amounts are, were or
would be payable in respect thereof pursuant to such terms, and express mention of the payment of
Additional Amounts (if applicable) in any provision hereof shall not be construed as excluding
Additional Amounts in those provisions hereof where such express mention is not made.

          Except as otherwise provided in or pursuant to this Indenture or the Securities of any series,
if the Securities of a series provide for the payment of Additional Amounts, at least 10 days prior
to the first Interest Payment Date with respect to such series of Securities (or if the Securities
of such series shall not bear interest prior to Maturity, the first day on which a

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payment of principal is made), and at least 10 days prior to each date of payment of principal
or interest if there has been any change with respect to the matters set forth in the
below-mentioned Officers’ Certificate, the Company shall furnish to the Trustee and the principal
Paying Agent or Paying Agents, if other than the Trustee, an Officers’ Certificate instructing the
Trustee and such Paying Agent or Paying Agents whether such payment of principal of and premium, if
any, or interest on the Securities of such series shall be made to Holders of Securities of such
series or the coupons appertaining thereto who are United States Aliens without withholding for or
on account of any tax, assessment or similar governmental charge described in the terms of the
Securities of such series. If any such withholding shall be required, then such Officers’
Certificate shall specify by country the amount, if any, required to be withheld on such payments
to such Holders of Securities or coupons, and the Company agrees to pay to the Trustee or such
Paying Agent on or prior to the date such payment is due the Additional Amounts required by the
terms of such Securities. The Company covenants to indemnify the Trustee and any Paying Agent for,
and to hold them harmless against, any loss, liability or expense reasonably incurred without
negligence or bad faith on their part arising out of or in connection with actions taken or omitted
by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section.

     Section 9.11. Calculation of Original Issue Discount. The Company shall file with the
Trustee promptly at the end of each calendar year (i) written notice specifying the amount of
original issue discount (including daily rates and accrual periods) accrued on Outstanding
Securities as of the end of such year, and (ii) such other specific information relating to such
original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended
from time to time.

ARTICLE 10

REDEMPTION

     Section 10.1. Applicability of Article. Securities (including coupons, if any) 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 3.1 for Securities of any
series) in accordance with this Article.

     Section 10.2. Election to Redeem; Notice to Trustee. The election of the Company to
redeem any Securities, including coupons, if any, shall be evidenced by or pursuant to a Board
Resolution. In the case of any redemption at the election of the Company of less than all the
Securities or coupons, if any, of any series, the Company shall, at least 60 days prior to the
Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the
Trustee), notify the Trustee of such Redemption Date, of the principal amount of Securities of such
series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the
case of any redemption of Securities (i) prior to the expiration of any restriction on such
redemption provided in the terms of such Securities or elsewhere in this Indenture or (ii) pursuant
to an election of the Company which is subject to a condition specified in the terms of such
Securities, the Company shall furnish the Trustee with an Officers’ Certificate evidencing
compliance with such restriction or condition.

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     Section 10.3. Selection of Securities to Be Redeemed. Unless otherwise specified as
contemplated by Section 3.1, if less than all the Securities (including coupons, if any) of a
series with the same terms are to be redeemed, the Trustee, not more than 45 days prior to the
Redemption Date, shall select the Securities of the series to be redeemed in such manner as the
Trustee shall deem fair and appropriate. The Trustee shall make the selection from Securities of
the series that are Outstanding and that have not previously been called for redemption and 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 in writing of the
Securities selected by the Trustee for redemption and, in the case of any Securities selected for
partial redemption, the principal amount thereof to be redeemed.

          For purposes of this Indenture, unless the context otherwise requires, all provisions relating
to the redemption of Securities (including coupons, if any) shall relate, in the case of any
Securities (including coupons, if any) redeemed or to be redeemed only in part, to the portion of
the principal amount of such Securities (including coupons, if any) which has been or is to be
redeemed.

     Section 10.4. Notice of Redemption. Unless otherwise specified as contemplated by
Section 3.1, notice of redemption shall be given in the manner provided in Section 1.6 not less
than 30 days nor more than 60 days prior to the Redemption Date to the Holders of the Securities to
be redeemed.

          All notices of redemption shall state:

          (1) the Redemption Date;

          (2) the Redemption Price;

          (3) if less than all the Outstanding Securities of a series are to be redeemed, the
identification (and, in the case of partial redemption, the principal amounts) of the
particular Security or Securities to be redeemed;

          (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) 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;

          (6) that Securities of the series called for redemption and all unmatured coupons, if
any, appertaining thereto must be surrendered to the Paying Agent to collect the Redemption
Price;

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          (7) that, on the Redemption Date, the Redemption Price, together with (except as
otherwise set forth in Section 10.6 or as may otherwise be specified with respect to such
Securities pursuant to Section 3.1) accrued and unpaid interest, if any, on and Additional
Amounts, if any, with respect to the Securities (or portions thereof) to be redeemed, will
become due and payable upon each such Security, or the portion thereof, to be redeemed and,
if applicable, that interest thereon will cease to accrue on and after said date;

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

          (9) 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 Redemption Date 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 and any Paying Agent is furnished; and

          (10) the CUSIP number, if any, of the Securities.

          Notice of redemption of Securities to be redeemed 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; provided that if
the latter, the Company will give the Trustee at least 15 Business Days prior notice of the date of
the giving of such notice.

     Section 10.5. 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 11,
segregate and hold in trust as provided in Section 9.3) an amount of money in the currency in which
the Securities of such series are payable (except as otherwise specified pursuant to Section 3.1
for the Securities of such series) sufficient to pay on the Redemption Date the Redemption Price
of, and (unless the Redemption Date shall be an Interest Payment Date) interest accrued to the
Redemption Date on, all Securities or portions thereof which are to be redeemed on that date.

          Unless any Security by its terms prohibits any sinking fund payment obligation from being
satisfied by delivering and crediting Securities (including Securities redeemed otherwise than
through a sinking fund), the Company may deliver such Securities to the Trustee for crediting
against such payment obligation in accordance with the terms of such Securities and this Indenture.

     Section 10.6. 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 (together with (except as otherwise set forth in
this Section 10.6 or as may otherwise be specified with respect to such Securities pursuant to
Section 3.1) accrued interest, if any, thereon and Additional Amounts, if any, with respect thereto
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 cease to bear interest
and the coupons for any such interest appertaining to any Bearer Security so to be redeemed, except
to the extent provided below, shall be void. Except as provided in the next

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succeeding paragraph, upon surrender of any such Security, including coupons, if any, for
redemption in accordance with said notice, such Security shall be paid by the Company at the
Redemption Price, together with accrued interest and Additional Amounts, 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 9.2) and, unless otherwise specified as
contemplated by Section 3.1, only upon presentation and surrender of coupons for such interest; and
provided, further, that, unless otherwise specified as contemplated by Section 3.1, 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 3.7.

          If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant
coupons maturing after the Redemption Date, such Bearer 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 Bearer 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 of the United States (except as otherwise provided pursuant to Section 9.2)
and, unless otherwise specified as contemplated by Section 3.1, 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, if any) shall, until paid, bear interest from the
Redemption Date at the rate borne by or prescribed therefor in the Security.

     Section 10.7. Securities Redeemed in Part. Upon surrender of a Security that is
redeemed in part at any Place of Payment therefor (with, if the Company or the Trustee so required,
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), the
Company shall execute and the Trustee shall authenticate and deliver to the Holder of that
Security, without service charge, a new Security or Securities of the same series, having the same
form, terms and Stated Maturity, in any authorized denomination equal in aggregate principal amount
to the unredeemed portion of the principal amount of the Security surrendered.

ARTICLE 11

SINKING FUNDS

     Section 11.1. 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 3.1 for Securities of such series.

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          The minimum amount of any sinking fund payment provided for by the terms of Securities of any
series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of
such minimum amount provided for by the terms of Securities of any series is herein referred to as
an “optional sinking fund payment.” If provided for by the terms of Securities of any series, the
cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.2.
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 11.2. Satisfaction of Sinking Fund Payments with Securities. The Company
(i) may deliver Outstanding Securities of a series (other than any previously called for
redemption) together, in the case of Bearer Securities of such series, with all unmatured coupons
appertaining thereto and (ii) may apply as a credit Securities of a 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,
in each case in satisfaction of all or any part of any sinking fund payment with respect to the
Securities of such series required to be made pursuant to the terms of such Securities as provided
for by the terms of such series; provided that such Securities have not been previously so
credited. Such Securities shall be received and credited for such purpose by the Trustee at the
Redemption Price specified in such Securities for redemption through operation of the sinking fund
and the amount of such sinking fund payment shall be reduced accordingly.

     Section 11.3. Redemption of Securities for Sinking Fund. Not less than 60 days prior
to each sinking fund payment date for any series of Securities, the Company will deliver to the
Trustee an Officers’ Certificate specifying the amount of the next ensuing 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 and the portion thereof, if any, which is to be satisfied by
delivering and crediting Securities of that series pursuant to Section 11.2 and will also deliver
to the Trustee any Securities to be so delivered. 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 10.3 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 10.4.
Such notice having been duly given, the redemption of such Securities shall be made upon the terms
and in the manner stated in Sections 10.6 and 10.7.

ARTICLE 12

SUBORDINATION OF SECURITIES

     Section 12.1. Securities Subordinate to Senior Indebtedness. The Company for itself,
its successors and assigns, covenants and agrees, and each Holder of Securities issued, whether
upon original issue or upon transfer or assignment thereof, by his acceptance thereof likewise
covenants and agrees, that the obligation of the Company to make any payment on account of the
principal of (and premium, if any) and interest on each and all Securities is hereby expressly
subordinated and junior, to the extent and in the manner hereinafter in this Article set forth, in
right of payment to the prior payment in full of all Senior Indebtedness of the Company.

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     Section 12.2. Payments to Securityholders.

          (a) Upon (i) any declaration of acceleration of the principal amount due on the Securities of
any series; (ii) any insolvency, bankruptcy, receivership, liquidation, reorganization,
readjustment, composition or other similar proceeding relating to the Company, its creditors or its
property; (iii) any proceeding for the liquidation, dissolution or other winding up of the Company,
voluntary or involuntary, whether or not involving insolvency or bankruptcy proceedings; (iv) any
assignment by the Company for the benefit of creditors; or (v) any other marshalling of the assets
of the Company, all principal, premium, if any, and interest, if any, due upon all Senior
Indebtedness shall first be paid in full, or payment thereof provided for in money or money’s worth
in accordance with its terms, before any payment is made on account of the principal of, premium,
if any, or interest on the indebtedness evidenced by the Securities, and upon any such liquidation,
dissolution or winding-up or any other event described in clauses (i) through (v) above any payment
or distribution of assets of the Company of any kind or character, whether in cash, property or
securities to which the Holders of the Securities of any series under the terms of this Indenture
would be entitled, except for the provisions hereof (other than securities of the Company or any
other Person provided for by a plan of reorganization or readjustment, the payment of which is
subordinate, at least to the extent provided in this section with respect to the Securities, to the
payment in full of all Senior Indebtedness, provided that the rights of the Holders of the Senior
Indebtedness are not altered by such reorganization or adjustment), shall (subject to the power of
a court of competent jurisdiction to make other equitable provision reflecting the rights conferred
by the provisions hereof upon the Senior Indebtedness and the holders thereof with respect to the
Securities of such series and the Holders thereof by a lawful plan of reorganization under
applicable bankruptcy law), be paid by the Company or any receiver, trustee in bankruptcy,
liquidating trustee, agent or other person making such payment or distribution, or by the Holders
of the securities if received by them, directly to the holders of Senior Indebtedness (pro rata to
each such holder on the basis of the respective amounts of Senior Indebtedness held by such holder)
or their representatives, to the extent necessary to pay all Senior Indebtedness (including
interest thereon) in full in money or money’s worth in accordance with its terms, after giving
effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness,
before any payment or distribution is made to the Holders of the indebtedness evidenced by the
Securities of such series. The consolidation of the Company with, or a merger of the Company into,
another Person or the liquidation or dissolution of the Company following the conveyance or
transfer of its property as an entirety, or substantially as an entirety, to another Person upon
the terms and conditions provided in Section 7.1 hereof shall not be deemed a liquidation,
dissolution or winding-up, for the purposes of this Section 12.2(a).

          (b) In the event that any payment or distribution of assets of the Company of any kind or
character not permitted by Section 12.2(a), whether in cash, property or securities, shall be
received by the Trustee for the Securities of any series or the Holders of Securities before all
Senior Indebtedness is paid in full, or provision made for such payment, in accordance with its
terms, at a time when a Responsible Officer of the Trustee for the Securities of any series or such
Holder has actual knowledge that such payment should not have been made to it, such payment or
distribution shall be held in trust for the benefit of, and upon written request of the holders of
any Senior Indebtedness or their representative or representatives shall be paid over or delivered
to, the holders of such Senior Indebtedness or their representative or representatives, or

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to the trustee or trustees under any indenture pursuant to which any instruments evidencing
any of such Senior Indebtedness may have been issued, as their respective interests may appear, for
application to the payment of all Senior Indebtedness remaining unpaid to the extent necessary to
pay all such Senior Indebtedness in full in accordance with its terms, after giving effect to any
concurrent payment or distribution to the holders of such Senior Indebtedness.

          (c) No payment on account of principal of, premium, if any, sinking funds or interest on the
Securities of any series shall be made unless full payment of amounts then due for principal,
premium, if any, sinking funds and interest on any Senior Indebtedness has been made or duly
provided for in money or money’s worth in accordance with the terms of such Senior Indebtedness. No
payment on account of principal, premium, if any, sinking funds or interest on the Securities shall
be made if, at the time of such payment or immediately after giving effect thereto, (i) the Company
defaults in the payment of any principal of (or premium, if any) or interest on any Senior
Indebtedness when the same becomes due and payable, whether at maturity or at a date fixed for
prepayment or acceleration by declaration or otherwise or (ii) an event of default occurs with
respect to any Senior Indebtedness permitting the holders thereof to accelerate the maturity
thereof and written notice of such event of default (requesting that payments on the Securities
cease) is given to the Company by the holders of such Senior Indebtedness, and such event of
default shall not have been cured or waived or shall not have ceased to exist, provided, however,
that if the holders of the Senior Indebtedness to which the default relates have not declared such
Senior Indebtedness to be immediately due and payable within 180 days after the occurrence of such
default (or have declared such Senior Indebtedness to be immediately due and payable and within
such period have rescinded such declaration of acceleration), then the Company shall resume making
any and all required payments in respect of the Securities (including any missed payments). Only
one payment blockage period under the immediately preceding sentence may be commenced within any
consecutive 365-day period with respect to the Securities of any series. No event of default which
existed or was continuing on the date of the commencement of any 180-day payment blockage period
with respect to the Senior Indebtedness initiating such payment blockage period shall be, or be
made, the basis for the commencement of a second payment blockage period by a Holder or
representative of such Senior Indebtedness whether or not within a period of 365 consecutive days
unless such event of default shall have been cured or waived for a period of not less than 90
consecutive days (and, in the case of any such waiver, no payment shall be made by the Company to
the holders of Senior Indebtedness in connection with such waiver other than amounts due pursuant
to the terms of the Senior Indebtedness as in effect at the time of such default).

     Section 12.3. Subrogation to Rights of Holders of Senior Indebtedness. From and after
the payment in full of all Senior Indebtedness, the Holders of the Securities (together with the
holders of any other indebtedness of the Company which is subordinate in right of payment to the
payment in full of all Senior Indebtedness, which is not subordinate in right of payment to the
Securities and which by its terms grants such right of subrogation to the holder thereof) shall be
subrogated to the rights of the holders of Senior Indebtedness to receive payments or distributions
of assets or securities of the Company applicable to the Senior Indebtedness until the Securities
shall be paid in full, and, for the purposes of such subrogation, no such payments or distributions
to the holders of Senior Indebtedness of assets or securities, which otherwise would have been
payable or distributable to Holders of the Securities, shall, as between the Company, its creditors
other than the holders of Senior Indebtedness, and the Holders of the

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Securities, be deemed to be a payment by the Company to or on account of the Senior
Indebtedness, it being understood that the provisions of this Article are and are intended solely
for the purpose of defining the relative rights of the Holders of the Securities, on the one hand,
and the holders of the Senior Indebtedness, on the other hand, and nothing contained in this
Article is intended to or shall impair as between the Company, its creditors other than the holders
of Senior Indebtedness, and the Holders of the Securities, the obligation of the Company, which is
unconditional and absolute, to pay to the Holders of the Securities the principal of, premium, if
any, and interest, if any, on the Securities as and when the same shall become due and payable in
accordance with their terms, or to affect the relative rights of the Holders of the Securities and
creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything
herein or therein prevent the Trustee or the Holder of a Security of any series from exercising all
remedies otherwise permitted by applicable law upon default hereunder with respect to the
Securities of such series subject to the rights of the holders of Senior Indebtedness, under
Section 12.2, to receive cash, property or securities of the Company otherwise payable or
deliverable to the Trustee or the Holders of the Securities or to a representative of such Holders
on their behalf.

          Upon any distribution or payment in connection with any proceedings referred to in Section
12.2(a), the Trustee and each Holder of the Securities then Outstanding shall be entitled to rely
upon a certificate of the liquidating trustee or agent or other Person making any distribution or
payment to the Trustee or such Holder for the purpose of ascertaining the holders of Senior
Indebtedness entitled to participate in such payment or distribution, the amount of such Senior
Indebtedness or the amount payable thereon, the amount or amounts paid or distributed thereon and
all other facts pertinent thereto or to this Article.

     Section 12.4. Relative Rights. This Article 12 defines the relative rights of Holders
of Securities and holders of Senior Indebtedness. Nothing in this Indenture shall:

          (a) impair, as between the Company and Holders of Securities, the obligation of the Company,
which is absolute and unconditional, to pay principal of and interest on the Securities in
accordance with their terms;

          (b) affect the relative rights of Holders of Securities and creditors of the Company other
than their rights in relation to holders of Senior Indebtedness; or

          (c) prevent the Trustee or any Holder of Securities from exercising its available remedies
upon a default or Event of Default, subject to the rights of holders of Senior Indebtedness to
receive distributions and payments otherwise payable to Holders of Securities.

          If the Company fails because of this Article 12 to pay principal of or interest on a Security
when due in accordance with the terms of any series of the Securities, the failure still
constitutes a default for purposes of and to the extent set forth in Section 5.1.

     Section 12.5. Trustee to Effectuate Subordination. Each Holder of a Security by his
acceptance thereof, whether upon original issue or upon transfer or assignment, authorizes and
directs the Trustee on his behalf to take such action as may be necessary or appropriate to

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effectuate the subordination provisions in this Article and appoints the Trustee his
attorney-in-fact for any and all such purposes.

     Section 12.6. Subordination May Not Be Impaired. No rights of any present or future
holder of any Senior Indebtedness to enforce subordination as herein provided shall at any time in
any way be prejudiced or impaired by any act or failure to act on the part of the Trustee or any
Holder of the Securities then Outstanding, or by any act or failure to act, in good faith, by any
such holder, or by any noncompliance by any such holder with the terms, provisions and covenants of
this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be
charged with.

          Without in any way limiting the generality of the foregoing paragraph, the holders of Senior
Indebtedness may, at any time and from time to time, without the consent of or notice to the
Holders of the Securities, without incurring responsibility to the Holders of the Securities and
without impairing or releasing the subordination provided in this Article or the obligations of the
Holders of the Securities to the holders of Senior Indebtedness, do any one or more of the
following: (i) change the manner, place or terms of payment of, or renew or alter, Senior
Indebtedness, or otherwise amend or supplement in any manner Senior Indebtedness or any instrument
evidencing the same or any agreement under which Senior Indebtedness is outstanding; (ii) sell,
exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing
Senior Indebtedness; (iii) release any Person liable in any manner for the collection of Senior
Indebtedness; and (iv) exercise or refrain from exercising any rights against the Company and any
other Person.

     Section 12.7. Notice to Trustee.

          The Company shall give prompt written notice to a Responsible Officer of the Trustee of any
fact known to the Company that would prohibit the making of any payment of monies to or by the
Trustee in respect of the Securities of any series pursuant to the provisions of this Article 12.
Notwithstanding the provisions of this Article 12 or any other provisions of this Indenture, the
Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the
making of any payment to or by the Trustee in respect of the Securities pursuant to the provisions
of this Article 12, unless and until a Responsible Officer of the Trustee shall have received at
its Corporate Trust Office written notice thereof from the Company or a holder or holders of Senior
Indebtedness or from any trustee therefor at least two Business Days prior to such payment date;
and, prior to the receipt of any such written notice, the Trustee shall be entitled in all respects
to assume that no such facts exist; provided, however, that if the Trustee shall not have received
such notice at least two Business Days prior to the date upon which by the terms hereof any money
or other property may become payable for any purpose (including without limitation, the payment of
the principal of, any premium or interest on any Security), then, anything herein contained to the
contrary notwithstanding, the Trustee shall have full power and authority to receive such money and
to apply the same to the purposes for which they were received, and shall not be affected by any
notice to the contrary that may be received by it within two Business Days prior to such date.

          The Trustee shall be entitled to rely conclusively on the delivery to it of a written notice
by a Person representing himself to be a holder of Senior Indebtedness (or a trustee on

65

 

behalf of such holder) to establish that such notice has been given by a holder of Senior
Indebtedness or a trustee on behalf of any such holder. In the event that the Trustee determines in
good faith that further evidence is required with respect to the right of any Person as a holder of
Senior Indebtedness to participate in any payment or distribution pursuant to this Article 12, the
Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee
as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is
entitled to participate in such payment or distribution and any other facts pertinent to the rights
of such Person under this Article 12, and, if such evidence is not furnished, the Trustee may defer
any payment to such Person pending judicial determination as to the right of such Person to receive
such payment.

     Section 12.8. Reliance on Certificate of Liquidating Agent. Upon any payment or
distribution referred to in this Article 12, the Trustee and the Holders of the Securities shall be
entitled to rely upon any order or decree entered by any court of competent jurisdiction in which a
dissolution, winding up or total or partial liquidation or reorganization of the Company or similar
case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee,
custodian, receiver, assignee for the benefit of creditors, agent or other Person making such
payment or distribution, delivered to the Trustee or to the Holders of the Securities, for the
purpose of ascertaining the Persons entitled to participate in such distribution, the holders of
the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable
thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or
to this Article 12.

     Section 12.9. Trustee Not Fiduciary for Holders of Senior Indebtedness. The Trustee
shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not
be liable to any such holders if it shall pay over or distribute to Holders of the Securities of
any series or to the Company or to any other Person cash, property or securities to which any
holders of Senior Indebtedness shall be entitled by virtue of this Article or otherwise. With
respect to holders of Senior Indebtedness of the Company, the Trustee undertakes to perform or to
observe only such of its covenants and obligations as are specifically set forth in this Article
12, and no implied covenants or obligations with respect to the holders of such Senior Indebtedness
shall be read into the Indenture against the Trustee. Nothing in this Article 12 shall apply to
claims of, or payments to, the Trustee under or pursuant to Sections 5.11 and 6.9.

     Section 12.10. Rights of Trustee as Holder of Senior Indebtedness. The Trustee in its
individual capacity shall be entitled to all the rights set forth in this Article with respect to
any Senior Indebtedness which may at any time be held by it, to the same extent as any other holder
of Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its
rights as such holder.

     Section 12.11. Article Applicable to Paying Agent. In case at any time any Paying
Agent (other than the Trustee) shall have been appointed by the Company and be then acting
hereunder, the term “Trustee” as used in this Article shall in such case (unless the context shall
otherwise require) be construed as extending to and including such Paying Agent within its meaning
as fully for all intents and purposes as if such Paying Agent were named in this Article in
addition to or in place of the Trustee; provided, however, that this Section shall not apply to the
Company or any Affiliate of the Company if it or such Affiliate acts as Paying Agent.

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     Section 12.12. Payment Permitted if No Event Specified in Section 12.2.

          Nothing contained in this Article or elsewhere in this Indenture, or in any of the Securities,
shall prevent (a) the Company from making payments at any time of principal of (or premium, if any)
or interest on the Securities or (b) the application by the Trustee or any Paying Agent of any
moneys deposited with it hereunder to the payment of (or premium, if any) or on account of the
principal of or interest on Securities, if, at least two Business Days prior to the time of such
application, the Trustee or such Paying Agent, as the case may be, did not have the written notice
referred to in Section 12.7 of any event prohibiting the making of such deposit. In addition,
nothing in this Article shall prevent the Company from making or the Trustee from receiving or
applying any payment in connection with the redemption of Securities of a series if the first
publication of notice of such redemption (whether by mail or otherwise in accordance with this
Indenture) has been made, and the Trustee has received such payment from the Company, prior to the
occurrence of any of the contingencies specified in Section 12.2.

          This Indenture may be executed in any number of counterparts, each of which shall be an
original, but such counterparts shall together constitute but one instrument.

[Remainder of page intentionally left blank.]

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     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed all as
of the day and year first above written.

	 	 	 	 	 
	 	Fidelity National Financial, Inc.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	The Bank of New York Trust Company, N.A.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

68

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