Document:

JAMES RIVER COAL COMPANY

                           [ ]% Senior Notes due 2012

                                    ________

                                    INDENTURE

                            Dated as of May [ ], 2005

                                    ________

                         U.S. BANK, NATIONAL ASSOCIATION

                                     Trustee

<PAGE>

                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----

                                    ARTICLE I

                   Definitions and Incorporation by Reference

<TABLE>
<CAPTION>
<S>                                                                          <C>
SECTION 1.01. Definitions. ..................................................  1
SECTION 1.02. Other Definitions.............................................. 22
SECTION 1.03. Incorporation by Reference of Trust Indenture Act.............. 23
SECTION 1.04. Rules of Construction.......................................... 23

                                   ARTICLE II

                                 The Securities

SECTION 2.01. Amount of Securities; Issuable in Series....................... 24
SECTION 2.02. Form and Dating ............................................... 25
SECTION 2.03. Execution and Authentication................................... 25
SECTION 2.04. Registrar and Paying Agent..................................... 26
SECTION 2.05. Paying Agent To Hold Money in Trust............................ 26
SECTION 2.06. Securityholder Lists........................................... 27
SECTION 2.07. Replacement Securities......................................... 27
SECTION 2.08. Outstanding Securities......................................... 27
SECTION 2.09. Temporary Securities........................................... 27
SECTION 2.10. Cancelation ................................................... 28
SECTION 2.11. Defaulted Interest............................................. 28
SECTION 2.12. CUSIP Numbers ................................................. 28

                                   ARTICLE III

                                   Redemption

SECTION 3.01. Notices to Trustee............................................. 28
SECTION 3.02. Selection of Securities To Be Redeemed......................... 29
SECTION 3.03. Notice of Redemption........................................... 29
SECTION 3.04. Effect of Notice of Redemption................................. 30
SECTION 3.05. Deposit of Redemption Price.................................... 30
SECTION 3.06. Securities Redeemed in Part.................................... 30
</TABLE>

                                       i
<PAGE>

                                   ARTICLE IV

                                    Covenants

<TABLE>
<CAPTION>
<S>                                                                          <C>
SECTION 4.01. Payment of Securities.......................................... 30
SECTION 4.02. SEC Reports                                                     30
SECTION 4.03. Limitation on Indebtedness and Issuance of Preferred Stock..... 31
SECTION 4.04. Limitation on Restricted Payments.............................. 33
SECTION 4.05. Limitation on Liens............................................ 36
SECTION 4.06. Limitation on Issuance or Sale of Capital Stock of Restricted
                Subsidiaries................................................. 37
SECTION 4.07. Limitation on Asset Sales...................................... 38
SECTION 4.08. Limitation on Dividend and Other Payment Restrictions
                Affecting Restricted Subsidiaries............................ 39
SECTION 4.09. Limitation on Transactions with Shareholders and
                Affiliates................................................... 40
SECTION 4.10. Limitation on Issuance of Guarantees by Restricted
                Subsidiaries................................................. 41
SECTION 4.11. Limitation on Sale and Leaseback Transactions.................. 42
SECTION 4.12. Limitation on Business Activities.............................. 43
SECTION 4.13. Change of Control.............................................. 43
SECTION 4.14. Compliance Certificate......................................... 44
SECTION 4.15. Further Instruments and Acts................................... 44

                                    ARTICLE V

                                Successor Company

SECTION 5.01. When Company May Merge or Transfer Assets...................... 44
SECTION 5.02. When a Subsidiary Guarantor May Merge or Transfer Assets....... 46

                                   ARTICLE VI

                              Defaults and Remedies

SECTION 6.01. Events of Default.............................................. 46
SECTION 6.02. Acceleration .................................................. 48
SECTION 6.03. Other Remedies ................................................ 49
SECTION 6.04. Waiver of Past Defaults; Annulment of Acceleration............. 49
SECTION 6.05. Control by Majority............................................ 49
SECTION 6.06. Limitation on Suits............................................ 49
SECTION 6.07. Rights of Holders to Receive Payment........................... 50
SECTION 6.08. Collection Suit by Trustee..................................... 50
SECTION 6.09. Trustee May File Proofs of Claim............................... 50
SECTION 6.10. Priorities .................................................... 50
SECTION 6.11. Undertaking for Costs.......................................... 51
SECTION 6.12. Waiver of Stay or Extension Laws............................... 51
</TABLE>

                                       ii
<PAGE>

                                   ARTICLE VII

                                     Trustee

<TABLE>
<CAPTION>
<S>                                                                          <C>
SECTION 7.01. Duties of Trustee.............................................. 51
SECTION 7.02. Rights of Trustee.............................................. 52
SECTION 7.03. Individual Rights of Trustee................................... 53
SECTION 7.04. Trustee's Disclaimer........................................... 53
SECTION 7.05. Notice of Defaults............................................. 53
SECTION 7.06. Reports by Trustee to Holders.................................. 54
SECTION 7.07. Compensation and Indemnity..................................... 54
SECTION 7.08. Replacement of Trustee......................................... 54
SECTION 7.09. Successor Trustee by Merger.................................... 55
SECTION 7.10. Eligibility; Disqualification.................................. 56
SECTION 7.11. Preferential Collection of Claims Against the Company.......... 56

                                  ARTICLE VIII

                       Discharge of Indenture; Defeasance

SECTION 8.01. Discharge of Liability on Securities; Defeasance............... 56
SECTION 8.02. Conditions to Defeasance....................................... 57
SECTION 8.03. Application of Trust Money..................................... 58
SECTION 8.04. Repayment to the Company....................................... 59
SECTION 8.05. Indemnity for Government Obligations........................... 59
SECTION 8.06. Reinstatement ................................................. 59

                                   ARTICLE IX

                                   Amendments

SECTION 9.01. Without Consent of Holders..................................... 59
SECTION 9.02. With Consent of Holders........................................ 60
SECTION 9.03. Compliance with Trust Indenture Act............................ 60
SECTION 9.04. Revocation and Effect of Consents and Waivers.................. 61
SECTION 9.05. Notation on or Exchange of Securities.......................... 61
SECTION 9.06. Trustee To Sign Amendments..................................... 61
SECTION 9.07. Payment for Consent............................................ 61

                                    ARTICLE X

                              Subsidiary Guarantees

SECTION 10.01. Subsidiary Guarantees......................................... 62
SECTION 10.02. Contribution ................................................. 62
SECTION 10.03. Successors and Assigns........................................ 64
SECTION 10.04. No Waiver .................................................... 64
</TABLE>

                                      iii
<PAGE>

<TABLE>
<CAPTION>
<S>                                                                           <C>
SECTION 10.05. Modification ................................................. 64
SECTION 10.06. Execution of Supplemental Indenture for Future
                Subsidiary Guarantors........................................ 64

                                   ARTICLE XI

                                  Miscellaneous

SECTION 11.01. Trust Indenture Act Controls.................................. 65
SECTION 11.02. Notices ...................................................... 66
SECTION 11.03. Communication by Holders with Other Holders................... 66
SECTION 11.04. Certificate and Opinion as to Conditions Precedent............ 66
SECTION 11.05. Statements Required in Certificate or Opinion................. 67
SECTION 11.06. When Securities Disregarded................................... 67
SECTION 11.07. Rules by Trustee, Paying Agent and Registrar.................. 67
SECTION 11.08. Legal Holidays ............................................... 67
SECTION 11.09. Governing Law ................................................ 67
SECTION 11.10. No Recourse Against Others.................................... 67
SECTION 11.11. Successors ................................................... 67
SECTION 11.12. Multiple Originals............................................ 67
SECTION 11.13. Table of Contents; Headings................................... 68
</TABLE>

Appendix A - Provisions Relating to Securities
             Exhibit 1 to Appendix A - Form of Initial Security
Exhibit A -  Form of Supplemental Indenture

                                       IV
<PAGE>

                              CROSS-REFERENCE TABLE

<TABLE>
<CAPTION>
  TIA                                                                    Indenture
Section                                                                   Section
-------                                                                   -------
<S>                                                                        <C>
310   (a)(1)     .........................................................  7.10
      (a)(2)     .........................................................  7.10
      (a)(3)     .........................................................  N.A.
      (a)(4)     .........................................................  N.A.
      (b)        .........................................................  7.08; 7.10
      (c)        .........................................................  N.A.
311   (a)        .........................................................  7.11
      (b)        .........................................................  7.11
      (c)        .........................................................  N.A.
312   (a)        .........................................................  2.06
      (b)        .........................................................  11.03
      (c)        .........................................................  11.03
313   (a)        .........................................................  7.06
      (b)(1)     .........................................................  7.06
      (b)(2)     .........................................................  7.06
      (c)        .........................................................  11.02
      (d)        .........................................................  7.06
314   (a)        .........................................................  4.02; 4.14;
                                                                            11.02
      (b)        .........................................................  N.A.
      (c)(1)     .........................................................  11.04
      (c)(2)     .........................................................  11.04
      (c)(3)     .........................................................  N.A.
      (d)        .........................................................  N.A.
      (e)        .........................................................  11.05
      (f)        .........................................................  N.A.
315   (a)        .........................................................  7.01
      (b)        .........................................................  7.05; 11.02
      (c)        .........................................................  7.01
      (d)        .........................................................  7.01
      (e)        .........................................................  6.11
316   (a) (last sentence) ................................................  11.06
      (a)(1)(A)  .........................................................  6.05
      (a)(1)(B)  .........................................................  6.04
      (a)(2)     .........................................................  N.A.
      (b)        .........................................................  6.07
317   (a)(1)     .........................................................  6.08
      (a)(2)     .........................................................  6.09
      (b)        .........................................................  2.05
318   (a)        .........................................................  11.01
                           N.A. Means Not Applicable.
</TABLE>

                                       v
<PAGE>

Note: This Cross-Reference Table shall not, for any purposes, be deemed to be
part of this Indenture.

                                       vi
<PAGE>

               INDENTURE dated as of May [ ], 2005, among JAMES RIVER COAL
          COMPANY, a Virginia corporation (the "Company"), BELL COUNTY COAL
          CORPORATION, a Kentucky corporation, BLEDSOE COAL CORPORATION, BLUE
          DIAMOND COAL CORPORATION, LEECO, INC., MCCOY ELKHORN COAL CORPORATION,
          TRIAD MINING, INC. and TRIAD UNDERGROUND MINING, LLC (collectively,
          the "Initial Subsidiary Guarantors") and U.S. BANK, NATIONAL
          ASSOCIATION, a national banking association organized under the laws
          of the United States, as Trustee (the "Trustee").

     Each party agrees as follows for the benefit of the other parties and for
the equal and ratable benefit of the Holders of the Company's [ ]% Senior Notes
due 2012, to be issued, from time to time, in one or more series as in this
Indenture provided (the "Securities"):

                                   ARTICLE I

                   Definitions and Incorporation by Reference
                   ------------------------------------------

     SECTION 1.01. Definitions.
                   ------------

     "Acquired Indebtedness" means Indebtedness of a Person existing at the time
such Person becomes a Restricted Subsidiary or Indebtedness of a Restricted
Subsidiary assumed in connection with an Asset Acquisition by such Restricted
Subsidiary; provided such Indebtedness was not Incurred in connection with or in
contemplation of such Person becoming a Restricted Subsidiary or such Asset
Acquisition.

     "Adjusted Consolidated Net Income" means, for any period, the aggregate net
income (or loss) of the Company and its Restricted Subsidiaries for such period
determined in conformity with GAAP; provided that the following items shall be
excluded in computing Adjusted Consolidated Net Income (without duplication):

          (1) the net income (or loss) of any Person that is not a Restricted
     Subsidiary, except that, subject to the exclusion contained in clause (4)
     below, the Company's equity in the net income (or loss) of any such Person
     for such period shall be included in such Adjusted Consolidated Net Income
     up to the aggregate amount of cash actually distributed by such Person
     during such period to the Company or a Restricted Subsidiary as a dividend
     or other distribution (subject, in the case of a dividend or other
     distribution paid to a Restricted Subsidiary, to the limitations contained
     in clause (3) below);

          (2) solely for purposes of calculating the amount of Restricted
     Payments that may be made pursuant to clause (c) of the first paragraph of
     Section 4.04, the net income (or loss) of any Person accrued prior to the
     date it becomes a

                                       1
<PAGE>

     Restricted Subsidiary or is merged into or consolidated with the Company or
     any of its Restricted Subsidiaries or all or substantially all of the
     property and assets of such Person are acquired by the Company or any of
     its Restricted Subsidiaries;

          (3) the net income of any Restricted Subsidiary to the extent that the
     declaration or payment of dividends or similar distributions by such
     Restricted Subsidiary of such net income is not at the time permitted by
     the operation of the terms of its charter or any agreement, instrument,
     judgment, decree, order, statute, rule or governmental regulation
     applicable to such Restricted Subsidiary;

          (4) any gains or losses (on an after-tax basis) attributable to sales
     of assets outside the ordinary course of business of the Company and its
     Restricted Subsidiaries;

          (5) solely for purposes of calculating the amount of Restricted
     Payments that may be made pursuant to clause (c) of the first paragraph of
     Section 4.04, any amount paid or accrued as dividends on preferred stock of
     the Company owned by Persons other than the Company and any of its
     Restricted Subsidiaries;

          (6) all extraordinary gains or, solely for purposes of calculating the
     Fixed Charge Coverage Ratio, extraordinary losses;

          (7) the cumulative effect of a change in accounting principles; and

          (8) income or loss attributable to discontinued operations (including,
     without limitation, operations disposed of during such period whether or
     not such operations were classified as discontinued).

     "Affiliate" means, as applied to any Person, any other Person directly or
indirectly controlling, controlled by, or under direct or indirect common
control with, such Person. For purposes of this definition, "control"
(including, with correlative meanings, the terms "controlling," "controlled by"
and "under common control with"), as applied to any Person, means the
possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of such Person, whether through the
ownership of voting securities, by contract or otherwise.

     "Asset Acquisition" means (1) an investment by the Company or any of its
Restricted Subsidiaries in any other Person pursuant to which such Person shall
become a Restricted Subsidiary or shall be merged into or consolidated with the
Company or any of its Restricted Subsidiaries or (2) an acquisition by the
Company or any of its Restricted Subsidiaries of the property and assets of any
Person other than the Company or any of its Restricted Subsidiaries that
constitute substantially all of a division or line of business of such Person.

     "Asset Disposition" means the sale or other disposition by the Company or
any of its Restricted Subsidiaries of (1) all or substantially all of the
Capital Stock of any Restricted Subsidiary or (2) all or substantially all of
the assets that constitute a division or line of business of the Company or any
of its Restricted Subsidiaries.

                                       2
<PAGE>

     "Asset Sale" means any sale, transfer or other disposition (including by
way of merger or consolidation or Sale Leaseback Transaction) in one transaction
or a series of related transactions by the Company or any of its Restricted
Subsidiaries to any Person other than the Company or any of its Restricted
Subsidiaries of:

          (1) all or any of the Capital Stock of any Restricted Subsidiary,

          (2) all or substantially all of the property and assets of an
     operating unit or business of the Company or any of its Restricted
     Subsidiaries, or

          (3) any other property and assets (other than the Capital Stock or
     other Investment in an Unrestricted Subsidiary) of the Company or any of
     its Restricted Subsidiaries outside the ordinary course of business of the
     Company or such Restricted Subsidiary, and

in each case, that is not governed by the provisions of Article V; provided that
"Asset Sale" shall not include:

          (a) sales or other dispositions of inventory, receivables and other
     current assets,

          (b) sales, transfers or other dispositions of assets constituting a
     Permitted Investment or Restricted Payment permitted to be made under
     Section 4.04,

          (c) sales, transfers or other dispositions of assets with a Fair
     Market Value not in excess of $3.0 million in any transaction or series of
     related transactions,

          (d) any sale, transfer, assignment or other disposition of any
     property or equipment that has become damaged, worn out, obsolete or
     otherwise unsuitable for use in connection with the business of the Company
     or its Restricted Subsidiaries, or

          (e) sales or grants of licenses to use the Company's or any Restricted
     Subsidiary's patents, trade secrets, know-how and technology to the extent
     that such license does not prohibit the licensor from using the patent,
     trade secret, know-how or technology.

     "Attributable Debt" in respect of a Sale and Leaseback Transaction means,
at the time of determination, the present value of the obligation of the lessee
for net rental payments during the remaining term of the lease included in such
Sale and Leaseback Transaction, including any period for which such lease has
been extended or may, at the option of the lessor, be extended. Such present
value shall be calculated using a discount rate equal to the rate of interest
implicit in such transaction, determined in accordance with GAAP.

                                       3
<PAGE>

          "Average Life" means, at any date of determination with respect to any
debt security, the quotient obtained by dividing (1) the sum of the products of
(a) the number of years from such date of determination to the dates of each
successive scheduled principal payment of such debt security and (b) the amount
of such principal payment by (2) the sum of all such principal payments.

          "Board of Directors" means, with respect to any Person, the Board of
Directors of such Person or any duly authorized committee of such Board of
Directors. Unless otherwise indicated, the "Board of Directors" refers to the
Board of Directors of the Company.

          "Business Day" means each day that is not a Legal Holiday.

          "Capital Stock" means, with respect to any Person, any and all shares,
interests, participations or other equivalents (however designated, whether
voting or non-voting) in equity of such Person, whether outstanding on the
Closing Date or issued thereafter, including, without limitation, all common
stock and preferred stock.

          "Capitalized Lease" means, as applied to any Person, any lease of any
property (whether real, personal or mixed) of which the discounted present value
of the rental obligations of such Person as lessee, in conformity with GAAP, is
required to be capitalized on the balance sheet of such Person.

          "Capitalized Lease Obligations" means the discounted present value of
the rental obligations under a Capitalized Lease.

          "Change of Control" means such time as:

          (1) the direct or indirect sale, transfer, conveyance or other
     disposition (other than by way of merger or consolidation), in one or a
     series of related transactions, of all or substantially all of the
     properties or assets of the Company and its Restricted Subsidiaries, taken
     as a whole, to any "person" (within the meaning of Section 13(d) of the
     Exchange Act);

          (2) the adoption of a plan relating to the liquidation or dissolution
     of the Company;

          (3) a "person" or "group" (within the meaning of Sections 13(d) and
     14(d)(2) of the Exchange Act) becomes the ultimate "beneficial owner" (as
     defined in Rule 13d-3 under the Exchange Act) of more than 35% of the total
     voting power of the Voting Stock of the Company on a fully diluted basis;

          (4) individuals who on the Closing Date constituted the Board of
     Directors (together with any new directors whose election by the Board of
     Directors or whose nomination by the Board of Directors for election by the
     Company's stockholders was approved by a vote of at least two-thirds of the
     members of the Board of Directors then in office who either were members of
     the Board of Directors on the Closing Date or whose election or nomination
     for election was

                                       4
<PAGE>

     previously so approved) cease for any reason to constitute a majority of
     the members of the Board of Directors then in office; or

          (5) the Company consolidates with, or merges with or into, any Person,
     or any Person consolidates with, or merges with or into, the Company, in
     any such event pursuant to a transaction in which any of the outstanding
     Voting Stock of the Company or such other Person is converted into or
     exchanged for cash, securities or other property, other than any such
     transaction where (a) the Voting Stock of the Company outstanding
     immediately prior to such transaction is converted into or exchanged for
     (or continues as) Voting Stock (other than Disqualified Stock) of the
     surviving or transferee Person constituting a majority of the outstanding
     shares of Voting Stock of such surviving or transferee Person (immediately
     after giving effect to such issuance) and (b) immediately after such
     transaction, no "person" or "group" (as defined above), becomes the
     ultimate beneficial owner (as defined above) of 35% or more of the voting
     power of the Voting Stock of the surviving or transferee Person.

          "Closing Date" means the date on which Securities are originally
issued under this Indenture.

          "Commodity Agreement" means any forward contract, commodity swap
agreement, commodity option agreement or other similar agreement or arrangement.

          "Company" means the party named as such in this Indenture until a
successor replaces it pursuant to the applicable provisions hereof and,
thereafter, means the successor and, for purposes of any provision contained
herein and required by the TIA, each other obligor on the indenture securities.

          "Consolidated EBITDA" means, for any period, Adjusted Consolidated Net
Income for such period plus, to the extent such amount was deducted in
calculating such Adjusted Consolidated Net Income:

          (1) Fixed Charges,

          (2) income taxes,

          (3) depreciation expense,

          (4) amortization expense, and

          (5) all other non-cash items (including non-cash asset impairment
     charges) reducing Adjusted Consolidated Net Income (other than items that
     will require cash payments and for which an accrual or reserve is, or is
     required by GAAP to be, made), less all non-cash items increasing Adjusted
     Consolidated Net Income, all as determined on a consolidated basis for the
     Company and its Restricted Subsidiaries in conformity with GAAP;

                                       5
<PAGE>

          provided that, if any Restricted Subsidiary is not a Wholly Owned
Restricted Subsidiary, Consolidated EBITDA shall be reduced (to the extent not
otherwise reduced in accordance with GAAP) by an amount equal to (A) the amount
of the Adjusted Consolidated Net Income attributable to such Restricted
Subsidiary multiplied by (B) the percentage ownership interest in the income of
such Restricted Subsidiary not owned on the last day of such period by the
Company or any of its Restricted Subsidiaries.

          Notwithstanding the foregoing, Fixed Charges, income taxes,
depreciation expense, amortization expense and non-cash items of a Restricted
Subsidiary shall be added to Adjusted Consolidated Net Income to compute
Consolidated EBITDA only to the extent (and in the same proportion) that the net
income of that Restricted Subsidiary was included in calculating Adjusted
Consolidated Net Income and only if a corresponding amount would be permitted at
the date of determination to be dividended to the Company by that Restricted
Subsidiary without prior approval (that has not been obtained), pursuant to the
terms of its charter and all agreements, instruments, judgments, decrees,
orders, statutes, rules and governmental regulations applicable to that
Restricted Subsidiary or its shareholders.

          "Consolidated Interest Expense" means, for any period, the aggregate
amount of interest in respect of Indebtedness (including, without limitation,
amortization of original issue discount on any Indebtedness and the interest
portion of any deferred payment obligation, calculated in accordance with the
effective interest method of accounting; all commissions, discounts and other
fees and charges owed with respect to letters of credit and bankers' acceptance
financing; the net costs associated with Interest Rate Agreements; and
Indebtedness that is Guaranteed or secured by the Company or any of its
Restricted Subsidiaries); imputed interest with respect to Attributable Debt;
and all but the principal component of rentals in respect of Capitalized Lease
Obligations paid, in each case, accrued or scheduled to be paid or to be accrued
by the Company and its Restricted Subsidiaries during such period; excluding,
however, (1) any amount of such interest of any Restricted Subsidiary if the net
income of such Restricted Subsidiary is excluded in the calculation of Adjusted
Consolidated Net Income pursuant to clause (3) of the definition thereof (but
only in the same proportion as the net income of such Restricted Subsidiary is
excluded from the calculation of Adjusted Consolidated Net Income pursuant to
clause (3) of the definition thereof) and (2) any premiums, fees and expenses
(and any amortization thereof) payable in connection with the offering of the
Securities, all as determined on a consolidated basis (without taking into
account Unrestricted Subsidiaries) in conformity with GAAP.

          "Consolidated Net Worth" means, at any date of determination,
stockholders' equity as set forth on the most recently available quarterly or
annual consolidated balance sheet of the Company and its Restricted Subsidiaries
(which shall be as of a date not more than 90 days prior to the date of such
computation, and which shall not take into account Unrestricted Subsidiaries),
plus, to the extent not included, any preferred stock of the Company, less any
amounts attributable to Disqualified Stock or any equity security convertible
into or exchangeable for Indebtedness, the cost of treasury stock and the
principal amount of any promissory notes receivable from the sale of the

                                       6
<PAGE>

Capital Stock of the Company or any of its Restricted Subsidiaries, each item to
be determined in conformity with GAAP (excluding the effects of foreign currency
exchange adjustments under Financial Accounting Standards Board Statement of
Financial Accounting Standards No. 52).

          "Credit Agreement" means the credit agreement to be entered into on
the Closing Date by and among the Company, certain of its Subsidiaries, the
lenders referred to therein, PNC Bank, National Association, as administrative
agent, and Morgan Stanley Senior Funding, Inc., as syndication agent, providing
for up to $100.0 million of revolving credit borrowings, including any related
notes, Guarantees, collateral documents, instruments and agreements executed in
connection therewith, and, in each case, as amended, restated, modified,
renewed, refunded, replaced (whether upon or after termination or otherwise) or
refinanced (including by means of sales of debt securities to institutional
investors) in whole or in part from time to time.

          "Credit Facilities" means, with respect to the Company and its
Restricted Subsidiaries, one or more debt facilities (including the Credit
Agreement), commercial paper facilities, or indentures providing for revolving
credit loans, term, loans, notes or other financings or letters of credit, or
other credit facilities, in each case, as amended, modified, renewed, refunded,
replaced or refinanced from time to time.

          "Currency Agreement" means any foreign exchange contract, currency
swap agreement or other similar agreement or arrangement.

          "Default" means any event that is, or after notice or passage of time
or both would be, an Event of Default.

          "Disqualified Stock" means any class or series of Capital Stock of any
Person that by its terms or otherwise is (1) required to be redeemed prior to
the date that is 91 days after the Stated Maturity of the Securities, (2)
redeemable at the option of the holder of such class or series of Capital Stock
at any time prior to the date that is 91 days after the Stated Maturity of the
Securities or (3) convertible into or exchangeable for Capital Stock referred to
in clause (1) or (2) above or Indebtedness having a scheduled maturity prior to
the date that is 91 days after the Stated Maturity of the Securities; provided
that any Capital Stock that would not constitute Disqualified Stock but for
provisions thereof giving holders thereof the right to require such Person to
repurchase or redeem such Capital Stock upon the occurrence of an "asset sale"
or "change of control" occurring prior to the date that is 91 days after the
Stated Maturity of the Securities shall not constitute Disqualified Stock if the
"asset sale" or "change of control" provisions applicable to such Capital Stock
are no more favorable to the holders of such Capital Stock than the provisions
contained in Section 4.07 and Section 4.13 and such Capital Stock specifically
provides that such Person will not repurchase or redeem any such stock pursuant
to such provision prior to the Company's repurchase of such Securities as are
required to be repurchased pursuant to Section 4.07 and Section 4.13.

          "Domestic Subsidiary" means any Subsidiary of the Company that is not
Foreign Subsidiary.

                                       7
<PAGE>

          "Exchange Act" means the Exchange Act of 1934, as amended.

          "Fair Market Value" means the price that would be paid in an
arm's-length transaction between an informed and willing seller under no
compulsion to sell and an informed and willing buyer under no compulsion to buy,
as determined in good faith by the Board of Directors, whose determination shall
be conclusive if evidenced by a resolution of the Board of Directors.

          "Fixed Charge Coverage Ratio" means, for any Person on any Transaction
Date, the ratio of (1) the aggregate amount of Consolidated EBITDA for the then
most recent four fiscal quarters prior to such Transaction Date for which
reports have been filed with the SEC or provided to the Trustee (the "Four
Quarter Period") to (2) the aggregate Fixed Charges during such Four Quarter
Period. In making the foregoing calculation:

               (A) pro forma effect shall be given to any Indebtedness Incurred
          or repaid during the period (the "Reference Period") commencing on the
          first day of the Four Quarter Period and ending on the Transaction
          Date, in each case, as if such Indebtedness had been Incurred or
          repaid on the first day of such Reference Period;

               (B) Consolidated Interest Expense attributable to interest on any
          Indebtedness (whether existing or being Incurred) computed on a pro
          forma basis and bearing a floating interest rate shall be computed as
          if the rate in effect on the Transaction Date (taking into account any
          Interest Rate Agreement applicable to such Indebtedness if such
          Interest Rate Agreement has a remaining term in excess of 12 months
          or, if shorter, at least equal to the remaining term of such
          Indebtedness) had been the applicable rate for the entire period;

               (C) pro forma effect shall be given to Asset Dispositions and
          Asset Acquisitions (including giving pro forma effect to the
          application of proceeds of any Asset Disposition) that occur during
          such Reference Period as if they had occurred and such proceeds had
          been applied on the first day of such Reference Period; and

               (D) pro forma effect shall be given to asset dispositions and
          asset acquisitions (including giving pro forma effect to the
          application of proceeds of any asset disposition) that have been made
          by any Person that has become a Restricted Subsidiary or has been
          merged with or into the Company or any Restricted Subsidiary during
          such Reference Period and that would have constituted Asset
          Dispositions or Asset Acquisitions had such transactions occurred when
          such Person was a Restricted Subsidiary as if such asset dispositions
          or asset acquisitions were Asset Dispositions or Asset Acquisitions
          that occurred on the first day of such Reference Period; provided that
          to the extent that clause (C) or (D) of this paragraph requires that
          pro forma effect be given to an Asset Acquisition or Asset

                                       8
<PAGE>

          Disposition, such pro forma calculation shall be based upon the four
          full fiscal quarters immediately preceding the Transaction Date of the
          Person, or division or line of business of the Person, that is
          acquired or disposed for which financial information is available.

          "Fixed Charges" means, with respect to any Person for any period, the
sum, without duplication, of:

          (1) Consolidated Interest Expense plus

          (2) the product of (x) the amount of all dividend payments on any
     series of preferred stock of such Person or any of its Restricted
     Subsidiaries (other than dividends payable solely in Capital Stock of such
     Person or such Restricted Subsidiary (other than Disqualified Stock) or to
     such Person or a Restricted Subsidiary of such Person) paid, accrued or
     scheduled to be paid or accrued during such period times (y) a fraction,
     the numerator of which is one and the denominator of which is one minus the
     then current effective consolidated federal, state and local income tax
     rate of such Person, expressed as a decimal, as determined on a
     consolidated basis in accordance with GAAP.

          "Foreign Subsidiary" means any Subsidiary of the Company that is an
entity which is a controlled foreign corporation under Section 957 of the
Internal Revenue Code.

          "GAAP" means generally accepted accounting principles in the United
States of America as in effect as of the Closing Date as determined by the
Public Company Accounting Oversight Board. All ratios and computations contained
or referred to in this Indenture shall be computed in conformity with GAAP
applied on a consistent basis, except that calculations made for purposes of
determining compliance with the terms of the covenants and with other provisions
of this Indenture shall be made without giving effect to (1) the amortization of
any expenses incurred in connection with the offering of the Securities and (2)
except as otherwise provided, the amortization of any amounts required or
permitted by Accounting Principles Board Opinion Nos. 16 and 17.

          "Guarantee" means any obligation, contingent or otherwise, of any
Person directly or indirectly guaranteeing any Indebtedness of any other Person
and, without limiting the generality of the foregoing, any obligation, direct or
indirect, contingent or otherwise, of such Person (1) to purchase or pay (or
advance or supply funds for the purchase or payment of) such Indebtedness of
such other Person (whether arising by virtue of partnership arrangements, or by
agreements to keep-well, to purchase assets, goods, securities or services
(unless such purchase arrangements are on arm's-length terms and are entered
into in the normal course of business), to take-or-pay, or to maintain financial
statement conditions or otherwise) or (2) entered into for purposes of assuring
in any other manner the obligee of such Indebtedness of the payment thereof or
to protect such obligee against loss in respect thereof (in whole or in part);
provided that the term "Guarantee" shall not include endorsements for collection
or deposit in the

                                       9
<PAGE>

normal course of business. The term "Guarantee" used as a verb has a
corresponding meaning.

          "Holder" or "Securityholder" means the Person in whose name a Security
is registered on the Security register described in Section 2.04.

          "Incur" means, with respect to any Indebtedness, to incur, create,
issue, assume, Guarantee or otherwise become liable for or with respect to, or
become responsible for, the payment of, contingently or otherwise, such
Indebtedness; provided that (1) any Indebtedness of a Person existing at the
time such Person becomes a Restricted Subsidiary will be deemed to be incurred
by such Restricted Subsidiary at the time it becomes a Restricted Subsidiary and
(2) neither the accrual of interest nor the accretion of original issue discount
nor the payment of interest in the form of additional Indebtedness (to the
extent provided for when the Indebtedness on which such interest is paid was
originally issued) shall be considered an Incurrence of Indebtedness.

          "Indebtedness" means, with respect to any Person at any date of
determination (without duplication):

          (1) all indebtedness of such Person for borrowed money;

          (2) all obligations of such Person evidenced by bonds, debentures,
     notes or other similar instruments;

          (3) all obligations of such Person in respect of letters of credit or
     other similar instruments (including reimbursement obligations with respect
     thereto, but excluding obligations with respect to letters of credit
     (including trade letters of credit) securing obligations (other than
     obligations described in (1) or (2) above or (5), (6) or (7) below) entered
     into in the normal course of business of such Person to the extent such
     letters of credit are not drawn upon or, if drawn upon, to the extent such
     drawing is reimbursed no later than the third business day following
     receipt by such Person of a demand for reimbursement);

          (4) all obligations of such Person to pay the deferred and unpaid
     purchase price of property or services, which purchase price is due more
     than six months after the date of placing such property in service or
     taking delivery and title thereto or the completion of such services,
     except Trade Payables;

          (5) all Capitalized Lease Obligations and Attributable Debt;

          (6) all Indebtedness of other Persons secured by a Lien on any asset
     of such Person, whether or not such Indebtedness is assumed by such Person;
     provided that the amount of such Indebtedness shall be the lesser of (A)
     the Fair Market Value of such asset at such date of determination and (B)
     the amount of such Indebtedness;

          (7) all Indebtedness of other Persons Guaranteed by such Person to the
     extent such Indebtedness is Guaranteed by such Person;

                                       10
<PAGE>

          (8) to the extent not otherwise included in this definition,
     obligations under Commodity Agreements, Currency Agreements and Interest
     Rate Agreements (other than Commodity Agreements, Currency Agreements and
     Interest Rate Agreements designed solely to protect the Company or its
     Restricted Subsidiaries against fluctuations in commodity prices, foreign
     currency exchange rates or interest rates and that do not increase the
     Indebtedness of the obligor outstanding at any time other than as a result
     of fluctuations in commodity prices, foreign currency exchange rates or
     interest rates or by reason of fees, indemnities and compensation payable
     thereunder); and

          (9) all Disqualified Stock issued by such Person with the amount of
     Indebtedness represented by such Disqualified Stock being equal to the
     greater of its voluntary or involuntary liquidation preference and its
     maximum fixed repurchase price, but excluding accrued dividends, if any.

The amount of Indebtedness of any Person at any date shall be the outstanding
balance at such date of all unconditional obligations as described above and,
with respect to contingent obligations, the maximum liability upon the
occurrence of the contingency giving rise to the obligation, provided that:

          (A) the amount outstanding at any time of any Indebtedness issued with
     original issue discount is the face amount of such Indebtedness less the
     remaining unamortized portion of the original issue discount of such
     Indebtedness at such time as determined in conformity with GAAP;

          (B) money borrowed and set aside at the time of the Incurrence of any
     Indebtedness in order to prefund the payment of the interest on such
     Indebtedness shall not be deemed to be "Indebtedness" so long as such money
     is held to secure the payment of such interest; and

          (C) Indebtedness shall not include:

          (x) any liability for federal, state, local or other taxes,

          (y) performance, surety or appeal bonds provided in the normal course
     of business, or

          (z) agreements providing for indemnification, adjustment of purchase
     price or similar obligations, or Guarantees or letters of credit, surety
     bonds or performance bonds securing any obligations of the Company or any
     of its Restricted Subsidiaries pursuant to such agreements, in any case,
     Incurred in connection with the disposition of any business, assets or
     Restricted Subsidiary (other than Guarantees of Indebtedness Incurred by
     any Person acquiring all or any portion of such business, assets or
     Restricted Subsidiary for the purpose of financing such acquisition), so
     long as the principal amount does not to exceed the gross proceeds actually
     received by the Company or any Restricted Subsidiary in connection with
     such disposition.

                                       11
<PAGE>

          "Indenture" means this Indenture as amended or supplemented from time
to time.

          "Interest Rate Agreement" means any interest rate protection
agreement, interest rate future agreement, interest rate option agreement,
interest rate swap agreement, interest rate cap agreement, interest rate collar
agreement, interest rate hedge agreement, option or future contract or other
similar agreement or arrangement.

          "Investment" in any Person means any direct or indirect advance, loan
or other extension of credit (including, without limitation, by way of Guarantee
or similar arrangement, but excluding advances to customers or suppliers in the
ordinary course of business that are, in conformity with GAAP, recorded as
accounts receivable, prepaid expenses or deposits on the balance sheet of the
Company or its Restricted Subsidiaries and endorsements for collection or
deposit arising in the ordinary course of business) or capital contribution to
(by means of any transfer of cash or other property to others or any payment for
property or services for the account or use of others), or any purchase or
acquisition of Capital Stock, bonds, notes, debentures or other similar
instruments issued by, such Person and shall include (1) the designation of a
Restricted Subsidiary as an Unrestricted Subsidiary and (2) the retention of the
Capital Stock (or any other Investment) by the Company or any of its Restricted
Subsidiaries of (or in) any Person that has ceased to be a Restricted
Subsidiary, including without limitation, by reason of any transaction permitted
by clause (c) or (d) of Section 4.06. For purposes of the definition of
"Unrestricted Subsidiary" and Section 4.04, (a) the amount of or a reduction in
an Investment shall be equal to the Fair Market Value thereof at the time such
Investment is made or reduced and (b) in the event the Company or a Restricted
Subsidiary makes an Investment by transferring assets to any Person and as part
of such transaction receives Net Cash Proceeds, the amount of such Investment
shall be the Fair Market Value of the assets less the amount of Net Cash
Proceeds so received, provided the Net Cash Proceeds are applied in accordance
with Section 4.07.

          "Lien" means any mortgage, pledge, security interest, encumbrance,
lien or charge of any kind (including, without limitation, any conditional sale
or other title retention agreement or lease in the nature thereof or any
agreement to give any security interest).

          "Moody's" means Moody's Investors Service, Inc. and its successors.

          "Net Cash Proceeds" means:

          (a) with respect to any Asset Sale, the proceeds of such Asset Sale in
the form of cash or cash equivalents, including payments in respect of deferred
payment obligations (to the extent corresponding to the principal, but not
interest, component thereof) when received in the form of cash or cash
equivalents and proceeds from the conversion of other property received when
converted to cash or cash equivalents, net of

          (1) brokerage commissions and other fees and expenses (including fees
and expenses of counsel and investment bankers) related to such Asset Sale;

                                       12
<PAGE>

          (2) provisions for all taxes (whether or not such taxes will actually
be paid or are payable) as a result of such Asset Sale without regard to the
consolidated results of operations of the Company and its Restricted
Subsidiaries, taken as a whole;

          (3) payments made to repay Indebtedness or any other obligation
outstanding at the time of such Asset Sale that either (x) is secured by a Lien
on the property or assets sold or (y) is required to be paid as a result of such
sale; and

          (4) appropriate amounts to be provided by the Company or any
Restricted Subsidiary as a reserve against any liabilities associated with such
Asset Sale, including, without limitation, pension and other post-employment
benefit liabilities, liabilities related to environmental matters and
liabilities under any indemnification obligations associated with such Asset
Sale, all as determined in conformity with GAAP; and

          (b) with respect to any issuance or sale of Capital Stock, the
proceeds of such issuance or sale in the form of cash or cash equivalents,
including payments in respect of deferred payment obligations (to the extent
corresponding to the principal, but not interest, component thereof) when
received in the form of cash or cash equivalents and proceeds from the
conversion of other property received when converted to cash or cash
equivalents, net of attorney's fees, accountants' fees, underwriters' or
placement agents' fees, discounts or commissions and brokerage, consultant and
other fees incurred in connection with such issuance or sale and net of taxes
paid or payable as a result thereof.

          "Offer to Purchase" means an offer to purchase Securities by the
Company from the Holders commenced by mailing a notice to the Trustee and each
Holder stating:

          (1) the provision of this Indenture pursuant to which the offer is
being made and that all Securities validly tendered will be accepted for payment
on a pro rata basis;

          (2) the purchase price and the date of purchase, which shall be a
business day no earlier than 30 days nor later than 60 days from the date such
notice is mailed (the "Payment Date");

          (3) that any Security not tendered will continue to accrue interest
pursuant to its terms;

          (4) that, unless the Company defaults in the payment of the purchase
price, any Security accepted for payment pursuant to the Offer to Purchase shall
cease to accrue interest on and after the Payment Date;

          (5) that Holders electing to have a Security purchased pursuant to the
Offer to Purchase will be required to surrender the Security, together with the
form entitled "Option of the Holder to Elect Purchase" on the reverse side of
the Security

                                       13
<PAGE>

completed, to the Paying Agent at the address specified in the notice prior to
the close of business on the business day immediately preceding the Payment
Date;

          (6) that Holders will be entitled to withdraw their election if the
Paying Agent receives, not later than the close of business on the third
business day immediately preceding the Payment Date, a telegram, facsimile
transmission or letter setting forth the name of such Holder, the principal
amount of Securities delivered for purchase and a statement that such Holder is
withdrawing his election to have such Securities purchased; and

          (7) that Holders whose Securities are being purchased only in part
will be issued new Securities equal in principal amount to the unpurchased
portion of the Notes surrendered; provided that each Note purchased and each new
Security issued shall be in a principal amount of $1,000 or integral multiples
of $1,000.

          On the Payment Date, the Company shall (a) accept for payment on a pro
rata basis Securities or portions thereof tendered pursuant to an Offer to
Purchase; (b) deposit with the Paying Agent money sufficient to pay the purchase
price of all Securities or portions thereof so accepted; and (c) deliver, or
cause to be delivered, to the Trustee all Securities or portions thereof so
accepted together with an Officers' Certificate specifying the Securities or
portions thereof accepted for payment by the Company. The Paying Agent shall
promptly mail to the Holders of Securities so accepted payment in an amount
equal to the purchase price, and the Trustee shall promptly authenticate and
mail to such Holders a new Security equal in principal amount to any unpurchased
portion of the Note surrendered; provided that each Security purchased and each
new Security issued shall be in a principal amount of $1,000 or integral
multiples of $1,000. The Company will publicly announce the results of an Offer
to Purchase as soon as practicable after the Payment Date. The Trustee shall act
as the Paying Agent for an Offer to Purchase. The Company will comply with Rule
14e-1 under the Exchange Act and any other securities laws and regulations
thereunder, to the extent such laws and regulations are applicable, in the event
that the Company is required to repurchase Securities pursuant to an Offer to
Purchase. To the extent that the provisions of any securities laws or
regulations conflict with this definition or Sections 4.07 or 4.13, the Company
will comply with the applicable securities laws and regulations and will not be
deemed to have breached its obligations under this definition or such Sections
4.07 or 4.13 by virtue of such conflict.

          "Officer" means the Chief Executive Officer, the President, the Chief
Financial Officer, the Treasurer or the Assistant Treasurer of the Company.

          "Officers' Certificate" means a certificate signed by two Officers of
the Company, at least one of whom shall be the principal executive officer or
principal financial officer of the Company, and delivered to the Trustee.

          "Opinion of Counsel" means a written opinion from legal counsel who is
acceptable to the Trustee. The counsel may be an employee of or counsel to the
Company or the Trustee.

                                       14
<PAGE>

          "Permitted Business" means the business of the Company and its
Subsidiaries engaged in on the Closing Date and any other activities that are
related, ancillary or complementary to such business including, without
limitation, the operation of natural gas wells, natural gas removal, other
natural resource removal businesses or other businesses related to the energy
and electricity generation businesses.

          "Permitted Investment" means:

          (1) an Investment in the Company or a Restricted Subsidiary or a
Person which will, upon the making of such Investment, become a Restricted
Subsidiary or be merged or consolidated with or into, or transfer or convey all
or substantially all its assets to, the Company or a Restricted Subsidiary;

          (2) Temporary Cash Investments;

          (3) payroll, travel and similar advances to cover matters that are
expected at the time of such advances ultimately to be treated as expenses in
accordance with GAAP;

          (4) stock, obligations or securities received in satisfaction of
judgments;

          (5) an Investment in an Unrestricted Subsidiary consisting solely of
an Investment in another Unrestricted Subsidiary;

          (6) Commodity Agreements, Interest Rate Agreements and Currency
Agreements designed solely to protect the Company or its Restricted Subsidiaries
against fluctuations in commodity prices, interest rates or foreign currency
exchange rates;

          (7) loans and advances to employees and officers of the Company and
its Restricted Subsidiaries made in the ordinary course of business for bona
fide business purposes and in accordance with applicable law not to exceed $1.0
million in the aggregate at any one time outstanding;

          (8) Investments in securities of trade creditors or customers received

          (a) pursuant to any plan of reorganization or similar arrangement upon
the bankruptcy or insolvency of such trade creditors or customers, or

          (b) in settlement of delinquent obligations of, and other disputes
with, customers, suppliers and others, in each case arising in the ordinary
course of business or otherwise in satisfaction of a judgment;

          (9) Investments made by the Company or its Restricted Subsidiaries
consisting of consideration received in connection with an Asset Sale made in
compliance with Section 4.07;

                                       15
<PAGE>

          (10) Investments of a Person or any of its Subsidiaries existing at
the time such Person becomes a Restricted Subsidiary of the Company or at the
time such Person merges or consolidates with the Company or any of its
Restricted Subsidiaries, in either case, in compliance with this Indenture;
provided that such Investments were not made by such Person in connection with,
or in anticipation or contemplation of, such Person becoming a Restricted
Subsidiary of the Company or such merger or consolidation;

          (11) repurchases of the Securities; and

          (12) additional Investments in an aggregate amount which, together
with the aggregate principal amount of all other Investments made pursuant to
this clause (12) that are then outstanding, does not exceed 5% of Total Tangible
Assets.

          "Permitted Liens" means:

          (1) Liens for taxes, assessments, governmental charges or claims that
are being contested in good faith by appropriate legal proceedings promptly
instituted and diligently conducted and for which a reserve or other appropriate
provision, if any, as shall be required in conformity with GAAP shall have been
made;

          (2) statutory and common law Liens of landlords and carriers,
warehousemen, mechanics, suppliers, materialmen, repairmen or other similar
Liens arising in the ordinary course of business and with respect to amounts not
yet delinquent or being contested in good faith by appropriate legal proceedings
promptly instituted and diligently conducted and for which a reserve or other
appropriate provision, if any, as shall be required in conformity with GAAP
shall have been made;

          (3) Liens incurred or deposits made in the ordinary course of business
in connection with workers' compensation, unemployment insurance and other types
of social security;

          (4) Liens incurred or deposits made to secure the performance of
tenders, bids, leases, statutory or regulatory obligations, bankers'
acceptances, surety and appeal bonds, government contracts, performance and
return-of-money bonds and other obligations of a similar nature incurred in the
ordinary course of business (exclusive of obligations for the payment of
borrowed money);

          (5) easements, rights-of-way, municipal and zoning ordinances and
similar charges, encumbrances, title defects or other irregularities that do not
materially interfere with the ordinary course of business of the Company or any
of its Restricted Subsidiaries;

          (6) leases or subleases granted to others that do not materially
interfere with the ordinary course of business of the Company and its Restricted
Subsidiaries, taken as a whole;

                                       16
<PAGE>

          (7) Liens encumbering property or assets under construction arising
from progress or partial payments by a customer of the Company or its Restricted
Subsidiaries relating to such property or assets;

          (8) any interest or title of a lessor in the property subject to any
Capitalized Lease or operating lease;

          (9) Liens arising from filing Uniform Commercial Code financing
statements regarding leases;

          (10) Liens on property of, or on shares of Capital Stock or
Indebtedness of, any Person existing at the time such Person becomes, or becomes
a part of, any Restricted Subsidiary; provided that such Liens do not extend to
or cover any property or assets of the Company or any Restricted Subsidiary
other than the property or assets acquired;

          (11) Liens in favor of the Company or any Restricted Subsidiary;

          (12) Liens arising from the rendering of a final judgment or order
against the Company or any Restricted Subsidiary that does not give rise to an
Event of Default;

          (13) Liens securing reimbursement obligations with respect to letters
of credit that encumber documents and other property relating to such letters of
credit and the products and proceeds thereof;

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

          (15) Liens encumbering customary initial deposits and margin deposits,
and other Liens that are within the general parameters customary in the industry
and incurred in the ordinary course of business, in each case, securing
Indebtedness under Interest Rate Agreements, Currency Agreements or Commodity
Agreements designed solely to protect the Company or any of its Restricted
Subsidiaries from fluctuations in interest rates, currencies or the price of
commodities;

          (16) Liens arising out of conditional sale, title retention,
consignment or similar arrangements for the sale of goods entered into by the
Company or any of its Restricted Subsidiaries in the ordinary course of business
in accordance with the past practices of the Company and its Restricted
Subsidiaries prior to the Closing Date;

          (17) Liens on shares of Capital Stock of any Unrestricted Subsidiary
to secure Indebtedness of such Unrestricted Subsidiary;

          (18) Liens on or sales of receivables; and

                                       17
<PAGE>

          (19) Liens securing Indebtedness of the Company or a Restricted
Subsidiary in an aggregate principal amount which, together with the aggregate
principal amount of all other Indebtedness secured by Liens incurred pursuant to
this clause (19), does not exceed the greater of (a) $10.0 million and (b) 2.5%
of Total Tangible Assets.

          "Person" means any individual, corporation, company (including any
limited liability company), association, partnership, joint venture, trust,
unincorporated organization, government or any agency or political subdivision
thereof or any other entity.

          "Preferred Stock" means any Capital Stock of a Person, however
designated, which entitles the holder thereof to a preference with respect to
the payment of dividends, or as to the distribution of assets upon any voluntary
or involuntary liquidation or dissolution of such Person, over shares of any
other class of Capital Stock issued by such Person.

          "principal" of any Indebtedness (including the Securities) means the
principal amount of such Indebtedness plus the premium, if any, on such
Indebtedness.

          "pro forma" means, with respect to any calculation made or required to
be made pursuant to the terms hereof, a calculation performed in accordance with
Article 11 of Regulation S-X promulgated under the Securities Act, as
interpreted in good faith by the Board of Directors after consultation with the
independent public accounting firm of the Company, or otherwise a calculation
made in good faith by the Board of Directors after consultation with the
independent public accounting firm of the Company, as the case may be.

          "Public Equity Offering" means an underwritten primary public offering
of common stock of the Company pursuant to an effective registration statement
under the Securities Act.

          "Replacement Assets" means, on any date, property or assets (other
than current assets) of a nature or type or that are used in a Permitted
Business (or an Investment in a Permitted Business).

          "Restricted Subsidiary" means any Subsidiary of the Company other than
an Unrestricted Subsidiary.

          "S&P" means Standard & Poor's Ratings Group, a division of The
McGraw-Hill Companies, and its successors.

          "Sale and Leaseback Transaction" means a transaction whereby a Person
sells or otherwise transfers assets or properties and then or thereafter leases
such assets or properties or any part thereof or any other assets or properties
which such Person intends to use for substantially the same purpose or purposes
as the assets or properties sold or otherwise transferred.

                                       18
<PAGE>

          "SEC" means the United States Securities and Exchange Commission or
any successor agency.

          "Securities Act" means the Securities Act of 1933, as amended.

          "Significant Subsidiary" means, at any date of determination, any
Restricted Subsidiary that, together with its Subsidiaries, (1) for the most
recent fiscal year of the Company, accounted for more than 10% of the
consolidated revenues of the Company and its Restricted Subsidiaries or (2) as
of the end of such fiscal year, was the owner of more than 10% of the
consolidated assets of the Company and its Restricted Subsidiaries, all as set
forth on the most recently available consolidated financial statements of the
Company for such fiscal year.

          "Stated Maturity" means, (1) with respect to any debt security, the
date specified in such debt security as the fixed date on which the final
installment of principal of such debt security is due and payable and (2) with
respect to any scheduled installment of principal of or interest on any debt
security, the date specified in such debt security as the fixed date on which
such installment is due and payable.

          "Subsidiary" means, with respect to any Person, any corporation,
association or other business entity of which more than 50% of the voting power
of the outstanding Voting Stock is owned, directly or indirectly, by such Person
and one or more other Subsidiaries of such Person.

          "Subsidiary Guarantee" means any Guarantee of the obligations of the
Company under this Indenture and the Securities by any Subsidiary Guarantor.

          "Subsidiary Guarantor" means any Initial Subsidiary Guarantor and any
other Restricted Subsidiary of the Company which provides a Subsidiary Guarantee
of the Company's obligations under this Indenture and the Securities pursuant to
Section 4.10 or otherwise.

          "Temporary Cash Investment" means any of the following:

          (1) direct obligations of the United States of America or any agency
thereof or obligations fully and unconditionally guaranteed by the United States
of America or any agency thereof, in each case, maturing within one year unless
such obligations are deposited by the Company (x) to defease any Indebtedness or
(y) in a collateral or escrow account or similar arrangement to prefund the
payment of interest on any indebtedness;

          (2) time deposit accounts, certificates of deposit and money market
deposits maturing within 180 days of the date of acquisition thereof issued by a
bank or trust company which is organized under the laws of the United States of
America, any state thereof or any foreign country recognized by the United
States of America, and which bank or trust company has capital, surplus and
undivided profits aggregating in excess of $100 million (or the foreign currency
equivalent thereof) and has outstanding debt which is rated "A" (or such similar
equivalent rating) or higher by at least one

                                       19
<PAGE>

nationally recognized statistical rating organization (as defined in Rule 436
under the Securities Act) or any money market fund sponsored by a registered
broker dealer or mutual fund distributor;

          (3) repurchase obligations with a term of not more than 30 days for
underlying securities of the types described in clause (1) above entered into
with a bank or trust company meeting the qualifications described in clause (2)
above;

          (4) commercial paper, maturing not more than one year after the date
of acquisition, issued by a corporation (other than an Affiliate of the Company)
organized and in existence under the laws of the United States of America, any
state thereof or any foreign country recognized by the United States of America
with a rating at the time as of which any investment therein is made of "P-1"
(or higher) according to Moody's or "A-1" (or higher) according to S&P;

          (5) securities with maturities of six months or less from the date of
acquisition issued or fully and unconditionally guaranteed by any state,
commonwealth or territory of the United States of America, or by any political
subdivision or taxing authority thereof, and rated at least "A" by S&P or
Moody's; and

          (6) any mutual fund that has at least 95% of its assets continuously
invested in investments of the types described in clauses (1) through (5) above.

          "TIA" means the Trust Indenture Act of 1939 (15 U.S.C. ss.ss.
77aaa-77bbbb) as in effect on the date of this Indenture; provided, however,
that, in the event the TIA is amended after such date, "Trust Indenture Act"
means, to the extent required by any such amendments, the Trust Indenture Act of
1939 as so amended.

          "Total Tangible Assets" means, as of any date of determination, the
sum of the amounts that would appear on a consolidated balance sheet of the
Company and its consolidated Restricted Subsidiaries as the total assets (less
accumulated depreciation, depletion and amortization, allowances for doubtful
receivables, other applicable reserves and other properly deductible items) of
the Company and its Restricted Subsidiaries, after giving effect to purchase
accounting and after deducting therefrom, to the extent otherwise included, the
amounts of (without duplication):

          (1) the excess of cost over Fair Market Value of assets or businesses
acquired;

          (2) any revaluation or other write-up in book value of assets
subsequent to the last day of the fiscal quarter of the Company immediately
preceding such date of determination as a result of a change in the method of
valuation in accordance with GAAP;

          (3) unamortized debt discount and expenses and other unamortized
deferred charges, goodwill, patents, trademarks, service marks, trade names,
copyrights, licenses, organization or developmental expenses and other
intangible items;

                                       20
<PAGE>

          (4) minority interests in consolidated Subsidiaries held by Persons
other than the Company or any Restricted Subsidiary;

          (5) treasury stock;

          (6) cash or securities set aside and held in a sinking or other
analogous fund established for the purpose of redemption or other retirement of
Capital Stock; and

          (7) Investments in and assets of Unrestricted Subsidiaries.

          "Trade Payables" means, with respect to any Person, any accounts
payable or any other indebtedness or monetary obligation to trade creditors
created, assumed or Guaranteed by such Person or any of its Subsidiaries arising
in the ordinary course of business in connection with the acquisition of goods
or services.

          "Transaction Date" means, with respect to the Incurrence of any
Indebtedness, the date such Indebtedness is to be Incurred and, with respect to
any Restricted Payment, the date such Restricted Payment is to be made.

          "Trustee" means the party named as such in this Indenture until a
successor replaces it and, thereafter, means the successor.

          "Trust Officer" means any officer within the Corporate Trust
Administration department of the Trustee (or any successor group of the trustee)
with direct responsibility for the administration of this Indenture and also
means, with respect to a particular corporate trust matter, any other officer to
whom such matter is referred because of his knowledge of and familiarity with
the particular subject.

          "Uniform Commercial Code" means the New York Uniform Commercial Code
as in effect from time to time.

          "Unrestricted Subsidiary" means (1) any Subsidiary of the Company that
at the time of determination shall be designated an Unrestricted Subsidiary by
the Board of Directors in the manner provided below and (2) any Subsidiary of an
Unrestricted Subsidiary. The Board of Directors may designate any Restricted
Subsidiary (including any newly acquired or newly formed Subsidiary of the
Company) to be an Unrestricted Subsidiary unless such Subsidiary owns any
Capital Stock of, or owns or holds any Lien on any property of, the Company or
any Restricted Subsidiary; provided that (A) any Guarantee by the Company or any
Restricted Subsidiary of any Indebtedness of the Subsidiary being so designated
shall be deemed an "Incurrence" of such Indebtedness and an "Investment" by the
Company or such Restricted Subsidiary (or both, if applicable) at the time of
such designation; (B) either (I) the Subsidiary to be so designated has total
assets of $1,000 or less or (II) if such Subsidiary has assets greater than
$1,000, such designation would be permitted under Section 4.04 and (C) if
applicable, the Incurrence of Indebtedness and the Investment referred to in
clause (A) of this proviso would be permitted under Section 4.03 and Section
4.04. The Board of Directors may designate any Unrestricted Subsidiary to be a
Restricted Subsidiary; provided that (a) no Default or Event of Default shall
have occurred and be continuing at

                                       21
<PAGE>

the time of or after giving effect to such designation and (b) all Liens and
Indebtedness of such Unrestricted Subsidiary outstanding immediately after such
designation would, if Incurred at such time, have been permitted to be Incurred
(and shall be deemed to have been Incurred) for all purposes of the Indenture.
Any such designation by the Board of Directors shall be evidenced to the Trustee
by promptly filing with the Trustee a copy of the Board Resolution giving effect
to such designation and an Officers' Certificate certifying that such
designation complied with the foregoing provisions.

          "U.S. Government Obligations" means securities that are (1) direct
obligations of the United States of America for the payment of which its full
faith and credit is pledged or (2) obligations of a Person controlled or
supervised by and acting as an agency or instrumentality of the United States of
America the payment of which is unconditionally guaranteed as a full faith and
credit obligation by the United States of America, which, in either case, are
not callable or redeemable at the option of the Company thereof at any time
prior to the Stated Maturity of the Securities, and shall also include a
depository receipt issued by a bank or trust company as custodian with respect
to any such U.S. Government Obligation or a specific payment of interest on or
principal of any such U.S. Government Obligation held by such custodian for the
account of the holder of a 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 U.S. Government Obligation or the specific payment
of interest on or principal of the U.S. Government Obligation evidenced by such
depository receipt.

          "Voting Stock" means with respect to any Person, Capital Stock of any
class or kind ordinarily having the power to vote for the election of directors,
managers or other voting members of the governing body of such Person.

          "Wholly Owned" means, with respect to any Subsidiary of any Person,
the ownership of all of the outstanding Capital Stock of such Subsidiary (other
than any director's qualifying shares or Investments by foreign nationals
mandated by applicable law) by such Person or one or more Wholly Owned
Subsidiaries of such Person.

          SECTION 1.02. Other Definitions.

<TABLE>
<CAPTION>
                                        Term                       Defined in
                                        ----                         Section
                                                                     -------
<S>                                                                    <C>
"Affiliate Transaction"...........................................     4.09
"Bankruptcy Law"..................................................     6.01
"Change of Control Offer".........................................     4.13
"Claiming Guarantor"..............................................     10.02
"covenant defeasance option"......................................     8.01
"Custodian".......................................................     6.01
"Event of Default"................................................     6.01
</TABLE>

                                       22
<PAGE>

<TABLE>
<CAPTION>
                                        Term                       Defined in
                                        ----                         Section
                                                                     -------
<S>                                                                 <C>
"Global Security".................................................  Appendix A
"Guaranteed Indebtedness".........................................     4.10
"legal defeasance option".........................................     8.01
"Legal Holiday"...................................................     13.08
"Obligations".....................................................     10.01
"Offer Amount"....................................................     4.07
"Offer Period"....................................................     4.07
"OID".............................................................     2.01
"Original Securities".............................................     2.01
"Pari Passu Indebtedness".........................................     4.07
"Paying Agent"....................................................     2.04
"Registrar".......................................................     2.04
"Restricted Payments".............................................     4.04
"Securities"......................................................     Recitals
"Surviving Person"................................................     5.01
</TABLE>

          SECTION 1.03. Incorporation by Reference of Trust Indenture Act. This
Indenture is subject to the mandatory provisions of the TIA, which are
incorporated by reference in and made a part of this Indenture. The following
TIA terms have the following meanings:

          "Commission" means the SEC.

          "indenture securities" means the Securities and the Subsidiary
Guarantees.

          "indenture security holder" means a Securityholder.

          "indenture to be qualified" means this Indenture.

          "indenture trustee" or "institutional trustee" means the Trustee.

          "obligor" on the indenture securities means the Company, each
Subsidiary Guarantor and any other obligor on the indenture securities.

          All other TIA terms used in this Indenture that are defined by the
TIA, defined by TIA reference to another statute or defined by SEC rule have the
meanings assigned to them by such definitions.

          SECTION 1.04. Rules of Construction. Unless the context otherwise
requires:

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

                                       23
<PAGE>

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

          (3) "or" is not exclusive;

          (4) "including" means including without limitation;

          (5) words in the singular include the plural and words in the plural
     include the singular;

          (6) the principal amount of any non-interest bearing or other discount
     security at any date shall be the principal amount thereof that would be
     shown on a balance sheet of the issuer dated such date prepared in
     accordance with GAAP; and

          (7) the principal amount of any Preferred Stock shall be the greater
     of (i) the maximum liquidation value of such Preferred Stock or (ii) the
     maximum mandatory redemption or mandatory repurchase price with respect to
     such Preferred Stock.

                                   ARTICLE II

                                 The Securities
                                 --------------

          SECTION 2.01. Amount of Securities; Issuable in Series. The aggregate
principal amount of Securities which may be authenticated and delivered under
this Indenture is unlimited. All Securities shall be identical in all respects
other than issue prices and issuance dates. The Securities may be issued in one
or more series; provided, however, that any Securities issued with original
issue discount ("OID") for Federal income tax purposes shall not be issued as
part of the same series as any Securities that are issued with a different
amount of OID or are not issued with OID. All Securities of any one series shall
be substantially identical except as to denomination.

          Subject to Section 2.03, the Trustee shall authenticate Securities for
original issue on the Closing Date in the aggregate principal amount of $150.0
million (the "Original Securities"). With respect to any Securities issued after
the Closing Date (except for Securities authenticated and delivered upon
registration of transfer of, or in exchange for, or in lieu of, Original
Securities pursuant to Section 2.07, 2.09 or 3.06 or Appendix A), there shall be
established in or pursuant to a resolution of the Board of Directors, and
subject to Section 2.03, set forth, or determined in the manner provided in an
Officers' Certificate, or established in one or more indentures supplemental
hereto, prior to the issuance of such Securities:

          (1) whether such Securities shall be issued as part of a new or
existing series of Securities and the title of such Securities (which shall
distinguish the Securities of the series from Securities of any other series);

                                       24
<PAGE>

          (2) the aggregate principal amount of such Securities that may be
     authenticated and delivered under this Indenture;

          (3) the issue price and issuance date of such Securities, including
     the date from which interest on such Securities shall accrue; and

          (4) if applicable, that such Securities shall be issuable in whole or
     in part in the form of one or more Global Securities and, in such case, the
     respective depositories for such Global Securities, the form of any legend
     or legends that shall be borne by any such Global Security in addition to
     or in lieu of that set forth in Exhibit 1 to Appendix A and any
     circumstances in addition to or in lieu of those set forth in Section 2.3
     of Appendix A in which any such Global Security may be exchanged in whole
     or in part for Securities registered, and any transfer of such Global
     Security in whole or in part may be registered, in the name or names of
     Persons other than the depository for such Global Security or a nominee
     thereof.

          If any of the terms of any series are established by action taken
pursuant to a resolution of the Board of Directors, a copy of an appropriate
record of such action shall be certified by the Secretary or any Assistant
Secretary of the Company and delivered to the Trustee at or prior to the
delivery of the Officers' Certificate or the indenture supplemental hereto
setting forth the terms of the series.

          SECTION 2.02. Form and Dating. Provisions relating to the Securities
are set forth in Appendix A, which is hereby incorporated in and expressly made
part of this Indenture. The Securities of each series and the Trustee's
certificate of authentication shall be substantially in the form of Exhibit 1 to
Appendix A which is hereby incorporated in and expressly made a part of this
Indenture. The Securities of each series may have notations, legends or
endorsements required by law, stock exchange rule, agreements to which the
Company is subject, if any, or usage, provided that any such notation, legend or
endorsement is in a form reasonably acceptable to the Company. Each Security
shall be dated the date of its authentication. The terms of the Securities of
each series set forth in Exhibit 1 to Appendix A are part of the terms of this
Indenture.

          SECTION 2.03. Execution and Authentication. Two Officers shall sign
the Securities for the Company by manual or facsimile signature. The Company's
seal shall be impressed, affixed, imprinted or reproduced on the Securities and
may be in facsimile form.

          If an Officer whose signature is on a Security no longer holds that
office at the time the Trustee authenticates the Security, the Security shall be
valid nevertheless.

          At any time and from time to time after the execution and delivery of
this Indenture, the Company may deliver Securities of any series executed by the
Company to the Trustee for authentication, together with a written order of the
Company in the form of an Officers' Certificate for the authentication and
delivery of such Securities, and the

                                       25
<PAGE>

Trustee in accordance with such written order of the Company shall authenticate
and deliver such Securities.

          A Security shall not be valid until an authorized signatory of the
Trustee manually signs the certificate of authentication on the Security. The
signature shall be conclusive evidence that the Security has been authenticated
under this Indenture.

          The Trustee may appoint an authenticating agent reasonably acceptable
to the Company to authenticate the Securities. Unless limited by the terms of
such appointment, an authenticating agent may authenticate Securities whenever
the Trustee may do so. Each reference in this Indenture to authentication by the
Trustee includes authentication by such agent. An authenticating agent has the
same rights as any Registrar, Paying Agent or agent for service of notices and
demands. The Trustee shall have the right to decline to authenticate any
Securities if the Trustee, being advised by counsel, determines that such action
may not lawfully be taken or if the Trustee in good faith shall determine that
such action would expose the Trustee to personal liability.

          SECTION 2.04. Registrar and Paying Agent. The Company shall maintain
an office or agency in the continental United States where Securities may be
presented or surrendered for registration of transfer or for exchange (the
"Registrar") and an office or agency where Securities may be presented or
surrendered for payment (the "Paying Agent"). The Registrar shall keep a
register of the Securities and of their transfer and exchange. The Company may
have one or more co-registrars and one or more additional paying agents. The
term "Paying Agent" includes any additional paying agent.

          The Company shall enter into an appropriate agency agreement with any
Registrar, Paying Agent or co-registrar not a party to this Indenture, which
shall incorporate the terms of the TIA. The agreement shall implement the
provisions of this Indenture that relate to such agent. The Company shall notify
the Trustee of the name and address of any such agent. If the Company fails to
maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be
entitled to appropriate compensation therefor pursuant to Section 7.07. The
Company or any of its domestically incorporated Wholly Owned Subsidiaries may
act as Paying Agent, Registrar, co-registrar or transfer agent.

          The Company initially appoints the Trustee as Registrar and Paying
Agent in connection with the Securities.

          SECTION 2.05. Paying Agent To Hold Money in Trust. One business day
prior to each due date of the principal and interest on any Security, the
Company shall deposit with the Paying Agent a sum sufficient to pay such
principal and interest when so becoming due. The Company shall require each
Paying Agent (other than the Trustee) to agree in writing that the Paying Agent
shall hold in trust for the benefit of Securityholders or the Trustee all money
held by the Paying Agent for the payment of principal of or interest on the
Securities and shall notify the Trustee of any default by the Company in making
any such payment. If the Company or a Wholly Owned Subsidiary acts as Paying
Agent, it shall segregate the money held by it as Paying Agent and hold it as a
separate trust fund. The Company at any time may require a Paying Agent to pay
all money held by it to the Trustee and to account for any funds disbursed by
the Paying Agent. Upon complying

                                       26
<PAGE>

with this Section, the Paying Agent shall have no further liability for the
money delivered to the Trustee.

          SECTION 2.06. 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 Securityholders. If the Trustee is not the
Registrar, the Company shall furnish to the Trustee, in writing at least five
Business Days before each interest payment date and at such other times as the
Trustee may request in writing, a list in such form and as of such date as the
Trustee may reasonably require of the names and addresses of Securityholders.

          SECTION 2.07. Replacement Securities. If a mutilated Security is
surrendered to the Registrar or if the Holder of a Security claims that such
Security has been lost, destroyed or wrongfully taken, the Company shall issue
and the Trustee shall authenticate a replacement Security if the requirements of
Section 8-405 of the Uniform Commercial Code are met and the Holder satisfies
any other reasonable requirements of the Trustee. If required by the Trustee or
the Company, such Holder shall furnish an indemnity bond sufficient in the
judgment of the Company and the Trustee to protect the Company, the Trustee, the
Paying Agent, the Registrar and any co-registrar from any loss which any of them
may suffer if a Security is replaced. The Company and the Trustee may charge the
Holder for their expenses including without limitation reasonable fees and
expenses of counsel in replacing a Security.

          Every replacement Security is an additional obligation of the Company.

          SECTION 2.08. Outstanding Securities. Securities outstanding at any
time are all Securities authenticated by the Trustee except for those canceled
by it, those delivered to it for cancelation and those described in this Section
as not outstanding. A Security does not cease to be outstanding because the
Company or an Affiliate of the Company holds the Security.

          If a Security is replaced pursuant to Section 2.07 (other than a
mutilated Security surrendered for replacement), it ceases to be outstanding
unless the Trustee and the Company receive proof satisfactory to them that the
replaced Security is held by a bona fide purchaser. A mutilated Security ceases
to be outstanding upon surrender of such Security and replacement thereof
pursuant to Section 2.07.

          If the Paying Agent segregates and holds in trust, in accordance with
this Indenture, on a redemption date or maturity date money sufficient to pay
all principal and interest payable on that date with respect to the Securities
(or portions thereof) to be redeemed or maturing, as the case may be, then on
and after that date such Securities (or portions thereof) cease to be
outstanding and interest on them ceases to accrue.

          SECTION 2.09. Temporary Securities. Until definitive Securities are
ready for delivery, the Company may prepare and the Trustee shall authenticate
temporary Securities. Temporary Securities shall be substantially in the form of
and shall have the same rights, benefits, and privileges as definitive
Securities but may have variations that the Company considers appropriate for
temporary Securities. Without unreasonable delay, the Company shall prepare and
the Trustee shall authenticate definitive Securities and deliver them in
exchange for temporary Securities.

                                       27
<PAGE>

          SECTION 2.10. Cancelation. The Company at any time may deliver
Securities to the Trustee for cancelation. The Registrar and the Paying Agent
shall forward to the Trustee any Securities surrendered to them for registration
of transfer, exchange or payment. The Trustee and no one else shall cancel and
destroy (subject to the record retention requirements of the Exchange Act) all
Securities surrendered for registration of transfer, exchange, payment or
cancelation and deliver a certificate of such destruction to the Company unless
the Company directs the Trustee to deliver canceled Securities to the Company.
The Company may not issue new Securities to replace Securities it has redeemed,
paid or delivered to the Trustee for cancelation.

          SECTION 2.11. Defaulted Interest. If the Company defaults in a payment
of interest on the Securities, the Company shall pay the defaulted interest
(plus interest on such defaulted interest to the extent lawful) in any lawful
manner. The Company may pay the defaulted interest to the persons who are
Securityholders on a subsequent special record date. The Company shall fix or
cause to be fixed any such special record date and payment date to the
reasonable satisfaction of the Trustee and shall promptly mail to each
Securityholder a notice that states the special record date, the payment date
and the amount of defaulted interest to be paid.

          SECTION 2.12. CUSIP Numbers. The Company in issuing the Securities may
use "CUSIP" numbers (if then generally in use) and, if so, the Trustee shall use
"CUSIP" numbers in notices of redemption as a convenience to Holders; provided,
however, that neither the Company nor the Trustee shall have any responsibility
for any defect in the "CUSIP" number that appears on any Security, check, advice
of payment or redemption notice, and any such notice may state that no
representation is made as to the correctness of such numbers either as printed
on the Securities or as contained in any notice of a redemption and that
reliance may be placed only on the other identification numbers printed on the
Securities, and any such redemption shall not be affected by any defect in or
omission of such numbers. The Company will promptly notify the Trustee of any
change in the "CUSIP" numbers.

                                  ARTICLE III

                                   Redemption
                                   ----------

          SECTION 3.01. Notices to Trustee. If the Company elects to redeem
Securities pursuant to paragraph 5 of the Securities, it shall notify the
Trustee in writing of the redemption date, the principal amount of Securities to
be redeemed and that such redemption is being made pursuant to paragraph 5 of
the Securities.

          The Company shall give each notice to the Trustee provided for in this
Section at least 45 days but not more than 60 days before the redemption date
unless the Trustee consents in writing to a shorter period. Such notice shall be
accompanied by an Officers' Certificate and an Opinion of Counsel from the
Company to the effect that such redemption will comply with the conditions
herein, and such documentation and records as shall enable the Trustee to select
the Securities to be redeemed.

                                       28
<PAGE>

          SECTION 3.02. Selection of Securities To Be Redeemed. If fewer than
all the Securities are to be redeemed, the Trustee shall select the Securities
to be redeemed pro rata or by lot or by a method that complies with applicable
legal and securities exchange requirements, if any, and that the Trustee
considers fair and appropriate and in accordance with methods generally used at
the time of selection by fiduciaries in similar circumstances. The Trustee shall
make the selection from outstanding Securities not previously called for
redemption. The Trustee may select for redemption portions of the principal of
Securities that have denominations larger than $1,000. Securities and portions
of them the Trustee selects shall be in amounts of $1,000 or a whole multiple of
$1,000. Provisions of this Indenture that apply to Securities called for
redemption also apply to portions of Securities called for redemption. The
Trustee shall notify the Company promptly of the Securities or portions of
Securities to be redeemed.

          SECTION 3.03. Notice of Redemption. At least 30 days but not more than
60 days before a date for redemption of Securities, the Company shall mail a
notice of redemption by first-class mail to each Holder of Securities to be
redeemed.

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

          (1) the redemption date;

          (2) the redemption price and the amount of accrued interest, if any,
     to be paid;

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

          (4) that Securities called for redemption must be surrendered to the
     Paying Agent to collect the redemption price plus accrued interest, if any;

          (5) if fewer than all the outstanding Securities are to be redeemed,
     the identification and principal amounts of the particular Securities to be
     redeemed;

          (6) that upon surrender of a Security that is redeemed in part, the
     Company shall execute and the Trustee shall authenticate a new Security
     equal in principal amount to the unredeemed portion of the Security
     surrendered;

          (7) that, unless the Company defaults in making such redemption
     payment, interest on Securities (or portion thereof) called for redemption
     ceases to accrue on and after the redemption date;

          (8) that paragraph 5 of the Security will control the redemption;

          (9) the CUSIP number, if any, printed on the Securities being
     redeemed; and

          (10) that no representation is made as to the correctness or accuracy
     of the CUSIP number, if any, listed in such notice or printed on the
     Securities.

          At the Company's request, the Trustee shall give the notice of
redemption in the Company's name and at the Company's expense. In such event,
the Company shall provide the Trustee with the information required by this
Section at least 45 days before the redemption date.

                                       29
<PAGE>

          SECTION 3.04. Effect of Notice of Redemption. Once notice of
redemption is mailed, Securities called for redemption become due and payable on
the redemption date and at the redemption price plus accrued interest, if any
stated in the notice. Upon surrender to the Paying Agent, such Securities shall
be paid at the redemption price stated in the notice, plus accrued interest to,
but not including, the redemption date (subject to the right of Holders of
record on the relevant record date to receive interest due on the related
interest payment date that is on or prior to the date of redemption). Failure to
give notice or any defect in the notice to any Holder shall not affect the
validity of the notice to any other Holder.

          SECTION 3.05. Deposit of Redemption Price. Prior to the redemption
date, the Company shall deposit with the Paying Agent (or, if the Company or a
Wholly Owned Subsidiary is the Paying Agent, shall segregate and hold in trust)
money sufficient to pay the redemption price of and accrued interest (subject to
the right of Holders of record on the relevant record date to receive interest
due on the related interest payment date that is on or prior to the date of
redemption) on all Securities to be redeemed on that date other than Securities
or portions of Securities called for redemption that have been delivered by the
Company to the Trustee for cancelation.

          SECTION 3.06. Securities Redeemed in Part. Upon surrender of a
Security that is redeemed in part, the Company shall execute and the Trustee
shall authenticate for the Holder (at the Company's expense) a new Security
equal in principal amount to the unredeemed portion of the Security surrendered.

                                   ARTICLE IV

                                    Covenants
                                    ---------

          SECTION 4.01. Payment of Securities. The Company shall promptly pay
the principal of and interest on the Securities on the dates and in the manner
provided in the Securities and in this Indenture. Principal and interest shall
be considered paid on the date due if on such date the Trustee or the Paying
Agent holds in accordance with this Indenture money sufficient to pay all
principal and interest then due.

          The Company shall pay interest on overdue principal at the rate
specified therefor in the Securities, and it shall pay interest on overdue
installments of interest at the rate borne by the Securities to the extent
lawful.

          SECTION 4.02. SEC Reports. Whether or not the Company is then required
to file reports with the SEC, the Company shall file with the SEC all such
reports and other information as it would be required to file with the SEC by
Section 13(a) or 15(d) under the Securities and Exchange Act of 1934 if it were
subject thereto. The Company shall supply to the Trustee and to each Holder or
shall supply to the Trustee for forwarding to each such Holder, without cost to
such Holder, copies of such reports and other information. The Company shall
also comply with the other provisions of TIA ss. 314(a).

                                       30
<PAGE>

          SECTION 4.03. Limitation on Indebtedness and Issuance of Preferred
Stock. (a) The Company will not, and will not permit any of its Restricted
Subsidiaries to, Incur any Indebtedness (other than the Securities, the
Subsidiary Guarantees and other Indebtedness existing on the Closing Date) and
the Company will not permit any of its Restricted Subsidiaries to issue any
preferred stock; provided, however, that the Company or any Subsidiary Guarantor
may Incur Indebtedness (including, without limitation, Acquired Indebtedness)
and any Restricted Subsidiary may incur Indebtedness (including, without
limitation, Acquired Indebtedness) or issue preferred stock if, after giving
effect to the Incurrence of such Indebtedness or issuance of preferred stock and
the receipt and application of the proceeds therefrom, the Fixed Charge Coverage
Ratio would be greater than 2.25:1.0.

          Notwithstanding the foregoing, the Company and any Restricted
Subsidiary (except as specified below) may Incur each and all of the following:

          (1) the Incurrence by the Company and any Subsidiary Guarantor of
     additional Indebtedness and letters of credit under Credit Facilities in an
     aggregate principal amount at any one time outstanding under this clause
     (1) (with letters of credit being deemed to have a principal amount equal
     to the maximum potential liability of the Company thereunder) (together
     with refinancings thereof) not to exceed $125.0 million less any amount of
     such Indebtedness permanently repaid as provided under Section 4.07;

          (2) Indebtedness owed (A) to the Company or any Subsidiary Guarantor
     evidenced by an unsubordinated promissory note or (B) to any other
     Restricted Subsidiary; provided that (x) any event which results in any
     such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any
     subsequent transfer of such Indebtedness (other than to the Company or
     another Restricted Subsidiary) shall be deemed, in each case, to constitute
     an Incurrence of such Indebtedness not permitted by this clause (2) and (y)
     if the Company or any Subsidiary Guarantor is the obligor on such
     Indebtedness, such Indebtedness must be expressly subordinated in right of
     payment to the Securities, in the case of the Company, or the Subsidiary
     Guarantee, in the case of a Subsidiary Guarantor;

          (3) Indebtedness issued in exchange for, or the net proceeds of which
     are used to refinance or refund, then outstanding Indebtedness (other than
     Indebtedness outstanding under clauses (1), (2), (5), (6) and (7) and any
     refinancings thereof) in an amount not to exceed the amount so refinanced
     or refunded (plus premiums, accrued interest, fees and expenses); provided
     that (a) Indebtedness the proceeds of which are used to refinance or refund
     the Securities or Indebtedness that is pari passu with, or subordinated in
     right of payment to, the Securities or the Subsidiary Guarantee shall only
     be permitted under this clause (3) if (x) in case the Securities are
     refinanced in part or the Indebtedness to be refinanced is pari passu with
     the Securities or the Subsidiary Guarantee, such new Indebtedness, by its
     terms or by the terms of any agreement or instrument pursuant to which such
     new Indebtedness is outstanding, is expressly made pari passu with, or
     subordinate in right of payment to, the

                                       31
<PAGE>

     remaining Securities or the Subsidiary Guarantee, or (y) in case the
     Indebtedness to be refinanced is subordinated in right of payment to the
     Securities or the Subsidiary Guarantee, such new Indebtedness, by its terms
     or by the terms of any agreement or instrument pursuant to which such new
     Indebtedness is issued or remains outstanding, is expressly made
     subordinate in right of payment to the Securities or the Subsidiary
     Guarantee at least to the extent that the Indebtedness to be refinanced is
     subordinated to the Securities or the Subsidiary Guarantee, (b) such new
     Indebtedness, determined as of the date of Incurrence of such new
     Indebtedness, does not mature prior to the Stated Maturity of the
     Indebtedness to be refinanced or refunded, and the Average Life of such new
     Indebtedness is at least equal to the remaining Average Life of the
     Indebtedness to be refinanced or refunded and (c) such new Indebtedness is
     Incurred by the Company or a Subsidiary Guarantor or by the Restricted
     Subsidiary that is the obligor on the Indebtedness to be refinanced or
     refunded;

          (4) Indebtedness of the Company, to the extent the net proceeds
     thereof are promptly (A) used to purchase Securities tendered in an Offer
     to Purchase made as a result of a Change in Control or (B) deposited to
     defease the Securities as described in Article VIII;

          (5) Guarantees of the Securities and Guarantees of Indebtedness of the
     Company or any Restricted Subsidiary of the Company by any other Restricted
     Subsidiary of the Company; provided the Guarantee of such Indebtedness is
     permitted by and made in accordance with Section 4.06;

          (6) Indebtedness arising from the honoring by a bank or other
     financial institution of a check, draft or similar instrument inadvertently
     (except in the case of daylight overdrafts) drawn against insufficient
     funds in the ordinary course of business provided, however, that such
     Indebtedness is extinguished within two business days of Incurrence;

          (7) obligations under (a) Interest Rate Agreements directly related to
     Indebtedness permitted to be Incurred by the Company or a Restricted
     Subsidiary pursuant to this Indenture and (b) Commodity Agreements and
     Currency Agreements entered into by the Company or a Restricted Subsidiary
     in the ordinary course of the financial management of the Company or such
     Restricted Subsidiary and not for speculative purposes;

          (8) Acquired Indebtedness; provided, however, that on the date of such
     acquisition and after giving effect thereto, the Company would have been
     able to Incur at least $1.00 of additional Indebtedness pursuant to the
     first paragraph of this Section 4.03(a);

          (9) the Incurrence by the Company or any of its Restricted
     Subsidiaries of Indebtedness in respect of workers' compensation claims,
     payment obligations in connection with health or other types of social
     security benefits, unemployment or other insurance or self-insurance
     obligations, reclamation, statutory obligations,

                                       32
<PAGE>

     bankers' acceptances, performance, surety or similar bonds and letters of
     credit or completion or performance guarantees (including without
     limitation, performance guarantees pursuant to coal supply agreements or
     equipment leases), or other similar obligations in the ordinary course of
     business; and

          (10) additional Indebtedness of the Company (in addition to
     Indebtedness permitted under clauses (1) through (9) above) in an aggregate
     principal amount outstanding at any time (together with refinancings
     thereof) not to exceed $10.0 million, less any amount of such Indebtedness
     permanently repaid as provided under Section 4.07.

          (b) Notwithstanding any other provision of this Section, the maximum
amount of Indebtedness that may be Incurred pursuant to this Section will not be
deemed to be exceeded, with respect to any outstanding Indebtedness due solely
to the result of fluctuations in the exchange rates of currencies.

          (c) For purposes of determining any particular amount of Indebtedness
under this Section, (x) Indebtedness outstanding under the Credit Agreement on
the Closing Date shall be treated as Incurred pursuant to clause (1) of the
second paragraph of Section 4.03(a), (y) Guarantees, Liens or obligations with
respect to letters of credit supporting Indebtedness otherwise included in the
determination of such particular amount shall not be included and (z) any Liens
granted pursuant to the equal and ratable provisions referred to in Section 4.05
shall not be treated as Indebtedness. For purposes of determining compliance
with this Section, in the event that an item of Indebtedness meets the criteria
of more than one of the types of Indebtedness described above other than
Indebtedness referred to in clause (x) of the preceding sentence, including
under the first paragraph of Section 4.03(a), the Company, in its sole
discretion, may classify, and from time to time may reclassify, such item of
Indebtedness.

          (d) The Obligors will not Incur any Indebtedness if such Indebtedness
is subordinate in right of payment to any other Indebtedness unless such
Indebtedness is also subordinate in right of payment to the Securities (in the
case of the Company) or the Subsidiary Guarantees (in the case of any Subsidiary
Guarantor), in each case, to the same extent.

          SECTION 4.04. Limitation on Restricted Payments. The Company will not,
and will not permit any Restricted Subsidiary to, directly or indirectly, (1)
declare or pay any dividend or make any distribution on or with respect to its
Capital Stock (other than (x) dividends or distributions payable solely in
shares of its Capital Stock (other than Disqualified Stock) or in options,
warrants or other rights to acquire shares of such Capital Stock and (y) pro
rata dividends or distributions on common stock of Restricted Subsidiaries
(other than Subsidiary Guarantors) held by minority stockholders) held by
Persons other than the Company or any of its Restricted Subsidiaries, (2)
purchase, call for redemption or redeem, retire or otherwise acquire for value
any shares of Capital Stock (including options, warrants or other rights to
acquire such shares of Capital Stock) of (A) the Company or any Subsidiary
Guarantor held by any Person or (B) a Restricted Subsidiary other than a
Subsidiary Guarantor held by any Affiliate of the Company (other

                                       33
<PAGE>

than a Wholly Owned Restricted Subsidiary) or any holder (or any Affiliate of
such holder) of 5% or more of the Capital Stock of the Company, (3) make any
voluntary or optional principal payment, or voluntary or optional redemption,
repurchase, defeasance, or other acquisition or retirement for value, of
Indebtedness of the Company that is subordinated in right of payment to the
Securities or any Indebtedness of a Subsidiary Guarantor that is subordinated in
right of payment to a Subsidiary Guarantee or (4) make any Investment, other
than a Permitted Investment, in any Person (such payments or any other actions
described in clauses (1) through (4) above being collectively "Restricted
Payments") if, at the time of, and after giving effect to, the proposed
Restricted Payment:

          (a) a Default or Event of Default shall have occurred and be
continuing,

          (b) the Company could not Incur at least $1.00 of Indebtedness under
the first paragraph of Section 4.03(a), or

          (c) the aggregate amount of all Restricted Payments made after the
Closing Date would exceed the sum of:

          (i) 50% of the aggregate amount of the Adjusted Consolidated Net
     Income (or, if the Adjusted Consolidated Net Income is a loss, minus 100%
     of the amount of such loss) accrued on a cumulative basis during the period
     (taken as one accounting period) beginning on the first day of the fiscal
     quarter immediately following the Closing Date and ending on the last day
     of the last fiscal quarter preceding the Transaction Date for which reports
     have been filed with the SEC or provided to the Trustee, plus

          (ii) the aggregate Net Cash Proceeds received by the Company after the
     Closing Date as a capital contribution or from the issuance and sale of its
     Capital Stock (other than Disqualified Stock) to a Person who is not a
     Subsidiary of the Company, including an issuance or sale permitted by
     Section 4.03 of Indebtedness of the Company for cash subsequent to the
     Closing Date upon the conversion of such Indebtedness into Capital Stock
     (other than Disqualified Stock) of the Company, or from the issuance to a
     Person who is not a Subsidiary of the Company of any options, warrants or
     other rights to acquire Capital Stock of the Company (in each case,
     exclusive of any Disqualified Stock or any options, warrants or other
     rights that are redeemable at the option of the holder, or are required to
     be redeemed, prior to the Stated Maturity of the Securities) plus

          (iii) an amount equal to the net reduction in Investments (other than
     reductions in Permitted Investments) in any Person resulting from payments
     of interest on Indebtedness, dividends, repayments of loans or advances, or
     other transfers of assets, in each case, to the Company or any Restricted
     Subsidiary or from the Net Cash Proceeds from the sale of any such
     Investment (except, in each case, to the extent any such payment or
     proceeds are included in the calculation of Adjusted Consolidated Net
     Income), from the release of any Guarantee or from redesignations of
     Unrestricted Subsidiaries as Restricted Subsidiaries (valued in

                                       34
<PAGE>

     each case as provided in the definition of "Investments"), not to exceed,
     in each case, the amount of Investments previously made by the Company or
     any Restricted Subsidiary in such Person or Unrestricted Subsidiary.

     The foregoing provision shall not be violated by reason of:

          (1) the payment of any dividend or redemption of any Capital Stock
     within 60 days after the related date of declaration or call for redemption
     if, at said date of declaration or call for redemption, such payment or
     redemption would comply with the preceding paragraph;

          (2) the redemption, repurchase, defeasance or other acquisition or
     retirement for value of Indebtedness that is subordinated in right of
     payment to the Securities or any Subsidiary Guarantee, including premium,
     if any, and accrued interest, with the proceeds of, or in exchange for,
     Indebtedness Incurred under clause (3) of the second paragraph of Section
     4.03(a);

          (3) the repurchase, redemption or other acquisition of Capital Stock
     of the Company or a Subsidiary Guarantor (or options, warrants or other
     rights to acquire such Capital Stock) in exchange for, or out of the
     proceeds of a capital contribution or a substantially concurrent offering
     of, shares of Capital Stock (other than Disqualified Stock) of the Company
     (or options, warrants or other rights to acquire such Capital Stock);
     provided that such options, warrants or other rights are not redeemable at
     the option of the holder, or required to be redeemed, prior to the Stated
     Maturity of the Securities;

          (4) the making of any principal payment or the repurchase, redemption,
     retirement, defeasance or other acquisition for value of Indebtedness which
     is subordinated in right of payment to the Securities or any Subsidiary
     Guarantee in exchange for, or out of the proceeds of a capital contribution
     or a substantially concurrent offering of, shares of the Capital Stock
     (other than Disqualified Stock) of the Company (or options, warrants or
     other rights to acquire such Capital Stock); provided that such options,
     warrants or other rights are not redeemable at the option of the holder, or
     required to be redeemed, prior to the Stated Maturity of the Securities;

          (5) payments or distributions to dissenting stockholders required by
     applicable law, pursuant to or in connection with a consolidation, merger
     or transfer of assets of the Company that complies with Article V of this
     Indenture;

          (6) Investments acquired as a capital contribution to, or in exchange
     for, or out of the proceeds of a substantially concurrent offering of,
     Capital Stock (other than Disqualified Stock) of the Company;

          (7) the repurchase of Capital Stock deemed to occur upon the exercise
     of options or warrants if such Capital Stock represents all or a portion of
     the exercise price thereof; or

                                       35
<PAGE>

          (8) Restricted Payments in an aggregate amount which, when taken
     together with all Restricted Payments made pursuant to this clause (8), do
     not exceed $10.0 million;

provided that, except in the case of clauses (1) and (3), no Default or Event of
Default shall have occurred and be continuing or occur as a consequence of the
actions or payments set forth therein.

          Each Restricted Payment permitted pursuant to the preceding paragraph
(other than the Restricted Payment referred to in clause (2) or (7) thereof or
an exchange of Capital Stock for Capital Stock or Indebtedness referred to in
clause (3) or (4) thereof or an Investment acquired as a capital contribution or
in exchange for Capital Stock referred to in clause (6) thereof) shall be
included in calculating whether the conditions of clause (c) of the first
paragraph of this Section have been met with respect to any subsequent
Restricted Payments, and the Net Cash Proceeds from any issuance of Capital
Stock referred to in clause (3), (4) or (6) shall not be included in such
calculation. In the event the proceeds of an issuance of Capital Stock of the
Company are used for the redemption, repurchase or other acquisition of the
Securities, or Indebtedness that is pari passu with the Securities or any
Subsidiary Guarantee, then the Net Cash Proceeds of such issuance shall be
included in clause (c) of the first paragraph of this Section 4.04 only to the
extent such proceeds are not used for such redemption, repurchase or other
acquisition of Indebtedness.

          For purposes of determining compliance with this Section, (x) the
amount, if other than in cash, of any Restricted Payment shall be determined in
good faith by the Board of Directors, whose determination shall be conclusive
and evidenced by a Board Resolution and (y) in the event that a Restricted
Payment meets the criteria of more than one of the types of Restricted Payments
described in the above clauses, including the first paragraph of this Section,
the Company, in its sole discretion, may order and classify, and from time to
time may reclassify, such Restricted Payment if it would have been permitted at
the time such Restricted Payment was made and at the time of such
reclassification.

          SECTION 4.05. Limitation on Liens. The Company will not, and will not
permit any Restricted Subsidiary to, create, incur, assume or suffer to exist
any Lien on any of its assets or properties of any character (including any
shares of Capital Stock or Indebtedness of any Restricted Subsidiary), without
making effective provision for all of the Securities and all other amounts due
under this Indenture to be directly secured equally and ratably with (or, if the
obligation or liability to be secured by such Lien is subordinated in right of
payment to the Securities, prior to) the obligation or liability secured by such
Lien.

          The foregoing limitation does not apply to:

          (a) Liens existing on the Closing Date, including Liens securing
obligations under the Credit Agreement;

                                       36
<PAGE>

          (b) Liens granted on or after the Closing Date on any assets or
Capital Stock of the Company or its Restricted Subsidiaries created in favor of
the Holders;

          (c) Liens with respect to the assets of a Restricted Subsidiary
granted by such Restricted Subsidiary to the Company or a Wholly Owned
Restricted Subsidiary to secure Indebtedness owing to the Company or such other
Wholly Owned Restricted Subsidiary;

          (d) Liens securing Indebtedness which is Incurred to refinance secured
Indebtedness which is permitted to be Incurred under clause (3) of the second
paragraph of Section 4.03(a); provided that such Liens do not extend to or cover
any property or assets of the Company or any Restricted Subsidiary other than
the property or assets securing the Indebtedness being refinanced;

          (e) Liens to secure Indebtedness under clause (1) of the second
paragraph of Section 4.03(a);

          (f) Liens (including extensions and renewals thereof) upon real or
personal property acquired after the Closing Date; provided that (a) such Lien
is created solely for the purpose of securing Indebtedness Incurred, in
accordance with Section 4.03, to finance the cost (including the cost of
improvement or construction) of the item of property or assets subject thereto
and such Lien is created prior to, at the time of or within six months after the
later of the acquisition, the completion of construction or the commencement of
full operation of such property, (b) the principal amount of the Indebtedness
secured by such Lien does not exceed 100% of such cost and (c) any such Lien
shall not extend to or cover any property or assets other than such item of
property or assets and any improvements on such item;

          (g) Liens on cash set aside at the time of the Incurrence of any
Indebtedness, or government securities purchased with such cash, in either case,
to the extent that such cash or government securities pre-fund the payment of
interest on such Indebtedness and are held in a collateral or escrow account or
similar arrangement to be applied for such purpose; or

          (h) Permitted Liens.

          SECTION 4.06. Limitation on Issuance or Sale of Capital Stock of
Restricted Subsidiaries. The Company will not sell, and will not permit any
Restricted Subsidiary, directly or indirectly, to issue or sell, any shares of
Capital Stock of a Restricted Subsidiary (including options, warrants or other
rights to purchase shares of such Capital Stock) except:

          (a) to the Company or a Wholly Owned Restricted Subsidiary;

          (b) issuances of director's qualifying shares or sales to foreign
nationals of shares of Capital Stock of foreign Restricted Subsidiaries, to the
extent required by applicable law;

                                       37
<PAGE>

          (c) if, immediately after giving effect to such issuance or sale, such
Restricted Subsidiary would no longer constitute a Restricted Subsidiary and any
Investment in such Person remaining after giving effect to such issuance or sale
would have been permitted to be made under Section 4.04 if made on the date of
such issuance or sale; or

          (d) sales of common stock (including options, warrants or other rights
to purchase shares of such common stock) of a Restricted Subsidiary, provided
that the Company or such Restricted Subsidiary applies the Net Cash Proceeds of
any such sale in accordance with Section 4.07.

          SECTION 4.07. Limitation on Asset Sales. The Company will not, and
will not permit any Restricted Subsidiary to, consummate any Asset Sale, unless
(1) the consideration received by the Company or such Restricted Subsidiary is
at least equal to the Fair Market Value of the assets sold or disposed of and
(2) at least 75% of the consideration received consists of (a) cash or Temporary
Cash Investments, (b) the assumption of unsubordinated Indebtedness of the
Company or any Subsidiary Guarantor or Indebtedness of any other Restricted
Subsidiary (in each case, other than Indebtedness owed to the Company or any
Affiliate of the Company), provided that the Company, such Subsidiary Guarantor
or such other Restricted Subsidiary is irrevocably and unconditionally released
in writing from all liability under such Indebtedness, or (c) Replacement
Assets.

          The Company will, or will cause the relevant Restricted Subsidiary to:

          (a) within twelve months after the date of receipt of any Net Cash
Proceeds from an Asset Sale,

          (i) apply an amount equal to such Net Cash Proceeds to permanently
     repay unsubordinated Indebtedness of the Company or any Subsidiary
     Guarantor or Indebtedness of any other Restricted Subsidiary, in each case,
     owing to a Person other than the Company or any Affiliate of the Company,
     or

          (ii) invest an equal amount, or the amount not so applied pursuant to
     clause (A) (or enter into a definitive agreement committing to so invest
     within 12 months after the date of such agreement) in Replacement Assets,
     and

          (b) apply (no later than the end of the 12-month period referred to in
clause (1)) any excess Net Cash Proceeds (to the extent not applied pursuant to
clause (1)) as provided in the following paragraphs of this Section.

The amount of such excess Net Cash Proceeds required to be applied (or to be
committed to be applied) during such 12-month period as set forth in clause (1)
of the preceding sentence and not applied as so required by the end of such
period (or, if later, 90 days after the execution of any agreement with respect
to such application, which agreement is signed within 12 months of the date of
the receipt of such Net Cash Proceeds) shall constitute "Excess Proceeds."

                                       38
<PAGE>

          If, as of the first day of any calendar month, the aggregate amount of
Excess Proceeds not theretofore subject to an Offer to Purchase pursuant to this
Section totals at least $15.0 million, the Company must commence, not later than
the fifteenth business day of such month, and consummate an Offer to Purchase
from the Holders (and, if required by the terms of any Indebtedness that is pari
passu with the Securities ("Pari Passu Indebtedness"), from the holders of such
Pari Passu Indebtedness) on a pro rata basis an aggregate principal amount of
Securities (and Pari Passu Indebtedness) equal to the Excess Proceeds on such
date, at a purchase price equal to 100% of their principal amount, plus, in each
case, accrued interest (if any) to the Payment Date. To the extent that any
Excess Proceeds remain after consummation of an Offer to Purchase pursuant to
this Section, the Company may use those Excess Proceeds for any purpose not
otherwise prohibited by this Indenture and the amount of Excess Proceeds shall
be reset to zero.

          SECTION 4.08. Limitation on Dividend and Other Payment Restrictions
Affecting Restricted Subsidiaries. The Company will not, and will not permit any
Restricted Subsidiary to, create or otherwise cause or suffer to exist or become
effective any consensual encumbrance or restriction of any kind on the ability
of any Restricted Subsidiary to (1) pay dividends or make any other
distributions permitted by applicable law on any Capital Stock of such
Restricted Subsidiary owned by the Company or any other Restricted Subsidiary,
(2) repay any Indebtedness owed to the Company or any other Restricted
Subsidiary, (3) make loans or advances to the Company or any other Restricted
Subsidiary or (4) transfer any of its property or assets to the Company or any
other Restricted Subsidiary.

          The foregoing provisions shall not restrict any encumbrances or
restrictions:

          (a) existing on the Closing Date in the Credit Agreement or any other
agreements in effect on the Closing Date, and any extensions, refinancings,
renewals or replacements of such agreements; provided that the encumbrances and
restrictions in any such extensions, refinancings, renewals or replacements
taken as a whole are no less favorable in any material respect to the Holders
than those encumbrances or restrictions that are then in effect and that are
being extended, refinanced, renewed or replaced;

          (b) existing under or by reason of applicable law;

          (c) with respect to any Person or the property or assets of such
Person acquired by the Company or any Restricted Subsidiary, existing at the
time of such acquisition and not incurred in contemplation thereof, which
encumbrances or restrictions are not applicable to any Person or the property or
assets of any Person other than such Person or the property or assets of such
Person so acquired and any extensions, refinancings, renewals or replacements
thereof; provided that the encumbrances and restrictions in any such extensions,
refinancings, renewals or replacements taken as a whole are no less favorable in
any material respect to the Holders than those encumbrances or restrictions that
are then in effect and that are being extended, refinanced, renewed or replaced;

                                       39
<PAGE>

          (d) in the case of clause (4) of the first paragraph of this Section:

          (i) that restrict in a customary manner the subletting, assignment or
     transfer of any property or asset that is a lease, license, conveyance or
     contract or similar property or asset,

          (ii) existing by virtue of any transfer of, agreement to transfer,
     option or right with respect to, or Lien on, any property or assets of the
     Company or any Restricted Subsidiary not otherwise prohibited by this
     Indenture, or

          (iii) arising or agreed to in the normal course of business, not
     relating to any Indebtedness, and that do not, individually or in the
     aggregate, detract from the value of property or assets of the Company or
     any Restricted Subsidiary in any manner material to the Company or any
     Restricted Subsidiary;

          (e) with respect to a Restricted Subsidiary and imposed pursuant to an
agreement that has been entered into for the sale or disposition of all or
substantially all of the Capital Stock of, or property and assets of, such
Restricted Subsidiary; and

          (f) arising from customary provisions in joint venture agreements and
other similar agreements entered into in the ordinary course of business.

Nothing contained in this Section shall prevent the Company or any Restricted
Subsidiary from (1) creating, incurring, assuming or suffering to exist any
Liens otherwise permitted in Section 4.05 or (2) restricting the sale or other
disposition of property or assets of the Company or any of its Restricted
Subsidiaries that secure Indebtedness of the Company or any of its Restricted
Subsidiaries.

          SECTION 4.09. Limitation on Transactions with Shareholders and
Affiliates. The Company will not, and will not permit any Restricted Subsidiary
to, directly or indirectly, enter into, renew or extend any transaction
(including, without limitation, the purchase, sale, lease or exchange of
property or assets, or the rendering of any service) with any holder (or any
Affiliate of such holder) of 5% or more of any class of Capital Stock of the
Company or with any Affiliate of the Company or any Restricted Subsidiary,
except upon fair and reasonable terms no less favorable to the Company or such
Restricted Subsidiary than could be obtained, at the time of such transaction
or, if such transaction is pursuant to a written agreement, at the time of the
execution of the agreement providing therefor, in a comparable arm's-length
transaction with a Person that is not such a holder or an Affiliate.

          The foregoing limitation does not limit, and shall not apply to:

          (a) transactions (1) approved by a majority of the disinterested
members of the Board of Directors or (2) for which the Company or a Restricted
Subsidiary delivers to the Trustee a written opinion of a nationally recognized
investment banking, accounting, valuation or appraisal firm stating that the
transaction is fair to the Company or such Restricted Subsidiary from a
financial point of view;

                                       40
<PAGE>

          (b) any transaction solely between the Company and any of its
Restricted Subsidiaries or solely among Restricted Subsidiaries;

          (c) the payment of reasonable and customary regular fees to officers,
directors, employees or consultants of the Company who are not employees of the
Company or any of its Restricted Subsidiaries and indemnification arrangements
entered into by the Company consistent with past practices of the Company;

          (d) any payments or other transactions pursuant to any tax-sharing
agreement between the Company and any other Person with which the Company files
a consolidated tax return or with which the Company is part of a consolidated
group for tax purposes;

          (e) any sale of shares of Capital Stock (other than Disqualified
Stock) of the Company;

          (f) any Permitted Investments or any Restricted Payments not
prohibited by Section 4.04; and

          (g) any agreement as in effect or entered into as of the Closing Date
(as disclosed in the prospectus dated May [24], 2005) or any amendment thereto
or any transaction contemplated thereby (including pursuant to any amendment
thereto) and any replacement agreement thereto so long as any such amendment or
replacement agreement is not more disadvantageous to the Holders in any material
respect than the original agreement as in effect on the Closing Date.

Notwithstanding the foregoing, any transaction or series of related transactions
covered by the first paragraph of this Section and not covered by clauses (2)
through (7) of this paragraph, (a) the aggregate amount of which exceeds $2.0
million in value, must be approved or determined to be fair in the manner
provided for in clause (1)(A) or (B) above and (b) the aggregate amount of which
exceeds $15.0 million in value, must be determined to be fair in the manner
provided for in clause (1)(B) above.

          SECTION 4.10. Limitation on Issuance of Guarantees by Restricted
Subsidiaries. The Company will cause each Restricted Subsidiary other than a
Foreign Subsidiary to execute and deliver a supplemental indenture to this
Indenture providing for a Subsidiary Guarantee of payment of the Securities by
such Restricted Subsidiary.

          The Company will not permit any Restricted Subsidiary which is not a
Subsidiary Guarantor, directly or indirectly, to Guarantee any Indebtedness
("Guaranteed Indebtedness") of the Company or any other Restricted Subsidiary
(other than a Foreign Subsidiary), unless (a) such Restricted Subsidiary
simultaneously executes and delivers a supplemental indenture to this Indenture
providing for a Subsidiary Guarantee of payment of the Securities by such
Restricted Subsidiary and (b) such Restricted Subsidiary waives and will not in
any manner whatsoever claim or take the benefit or advantage of, any rights of
reimbursement, indemnity or subrogation or any other rights against the Company
or any other Restricted Subsidiary as a result of any payment by

                                       41
<PAGE>

such Restricted Subsidiary under its Subsidiary Guarantee until the Securities
have been paid in full.

          If the Guaranteed Indebtedness is (A) pari passu in right of payment
with the Securities or any Subsidiary Guarantee, then the Guarantee of such
Guaranteed Indebtedness shall be pari passu in right of payment with, or
subordinated to, the Subsidiary Guarantee or (B) subordinated in right of
payment to the Securities or any Subsidiary Guarantee, then the Guarantee of
such Guaranteed Indebtedness shall be subordinated in right of payment to the
Subsidiary Guarantee at least to the extent that the Guaranteed Indebtedness is
subordinated to the Securities or the Subsidiary Guarantee.

          Notwithstanding the foregoing, any Subsidiary Guarantee by a
Restricted Subsidiary may provide by its terms that it shall be automatically
and unconditionally released and discharged upon:

          (a) any sale, exchange or transfer, to any Person not an Affiliate of
the Company, of all of the Company's and each Restricted Subsidiary's Capital
Stock in, or all or substantially all the assets of, such Restricted Subsidiary
(which sale, exchange or transfer is not prohibited by this Indenture) or upon
the designation of such Restricted Subsidiary as an Unrestricted Subsidiary in
accordance with the terms of this Indenture; or

          (b) the release or discharge of the Guarantee which resulted in the
creation of such Subsidiary Guarantee, except a discharge or release by or as a
result of payment under such Guarantee.

          SECTION 4.11. Limitation on Sale and Leaseback Transactions. The
Company will not, and will not permit any Restricted Subsidiary to, enter into
any Sale and Leaseback Transaction involving any of its assets or properties
whether now owned or hereafter acquired; provided, however, that the Company or
any Restricted Subsidiary may enter into a Sale and Leaseback Transaction if:

          (a) the consideration received in such Sale and Leaseback Transaction
is at least equal to the Fair Market Value of the property so sold or otherwise
transferred, as determined by a resolution of the Board of Directors;

          (b) the Company or such Restricted Subsidiary, as applicable, would be
permitted to grant a Lien to secure Indebtedness under Section 4.05 in the
amount of the Attributable Debt in respect of such Sale Leaseback Transaction;

          (c) prior to and after giving effect to the Attributable Debt in
respect of such Sale and Leaseback Transaction, the Company and such Restricted
Subsidiary comply with Section 4.03; and

          (d) the Company or such Restricted Subsidiary applies the proceeds
received from such sale in accordance with Section 4.07.

                                       42
<PAGE>

     SECTION 4.12. Limitation on Business Activities. The Company will not, and
will not permit any of its Restricted Subsidiaries to, engage in any business
other than a Permitted Business.

     SECTION 4.13. Change of Control. (a) Upon the occurrence of a Change of
Control, the Company must commence, within 30 days of the occurrence of a Change
of Control, and consummate an Offer to Purchase for all Securities then
outstanding, at a purchase price equal to 101.0% of the principal amount
thereof, plus accrued and unpaid interest, if any, to the purchase date (subject
to the right of Holders of record on the relevant record date to receive
interest due on the relevant interest payment date).

     (b) The Company shall commence the Offer to Purchase the Securities by
mailing a notice to the Trustee and each Holder stating:

          (1) that the Offer to Purchase is being made pursuant to this Section
     4.13 and that all Securities validly tendered will be accepted for payment
     on a pro rata basis;

          (2) the purchase price and the date of purchase, which shall be a
     business day no earlier than 30 days nor later than 60 days from the date
     such notice is mailed (the "Payment Date");

          (3) that any Security not tendered will continue to accrue interest
     pursuant to its terms;

          (4) that, unless the Company defaults in the payment of the purchase
     price, any Security accepted for payment pursuant to the Offer to Purchase
     shall cease to accrue interest on and after the Payment Date;

          (5) that Holders electing to have a Security purchased pursuant to the
     Offer to Purchase will be required to surrender the Security, together with
     the form entitled "Option of the Holder to Elect Purchase" on the reverse
     side of the Security completed, to the Paying Agent at the address
     specified in the notice prior to the close of business on the business day
     immediately preceding the Payment Date;

          (6) that Holders will be entitled to withdraw their election if the
     Paying Agent receives, not later than the close of business on the third
     business day immediately preceding the Payment Date, a telegram, facsimile
     transmission or letter setting forth the name of such Holder, the principal
     amount of Securities delivered for purchase and a statement that such
     Holder is withdrawing his election to have such Securities purchased; and

          (7) that Holders whose Securities are being purchased only in part
     will be issued new Securities equal in principal amount to the unpurchased
     portion of the Securities surrendered; provided that each Security
     purchased and each new Security issued shall be in a principal amount of
     $1,000 or integral multiples of $1,000.

                                       43
<PAGE>

     On the Payment Date, the Company shall (a) accept for payment on a pro rata
basis Securities or portions thereof tendered pursuant to an Offer to Purchase;
(b) deposit with the Paying Agent money sufficient to pay the purchase price of
all Securities or portions thereof so accepted; and (c) deliver, or cause to be
delivered, to the Trustee all Securities or portions thereof so accepted
together with an Officers' Certificate specifying the Securities or portions
thereof accepted for payment by the Company. The Paying Agent shall promptly
mail to the Holders of Securities so accepted payment in an amount equal to the
purchase price, and the Trustee shall promptly authenticate and mail to such
Holders a new Security equal in principal amount to any unpurchased portion of
the Security surrendered; provided that each Security purchased and each new
Security issued shall be in a principal amount of $1,000 or integral multiples
of $1,000. The Company will publicly announce the results of an Offer to
Purchase as soon as practicable after the Payment Date. The Trustee shall act as
the Paying Agent for an Offer to Purchase. The Company will comply with Rule
14e-1 under the Exchange Act and any other securities laws and regulations
thereunder, to the extent such laws and regulations are applicable, in the event
that the Company is required to repurchase Securities pursuant to an Offer to
Purchase. To the extent that the provisions of any securities laws or
regulations conflict with the provisions of the Indenture relating to an Offer
to Purchase, the Company will comply with the applicable securities laws and
regulations and will not be deemed to have breached its obligations under such
provisions of this Indenture by virtue of such conflict.

     SECTION 4.14. Compliance Certificate. The Company shall deliver to the
Trustee within 120 days after the end of each fiscal year of the Company an
Officers' Certificate stating that in the course of the performance by the
signers of their duties as Officers of the Company they would normally have
knowledge of any Default and whether or not the signers know of any Default that
occurred during such period. If they do, the certificate shall describe the
Default, its status and what action the Company is taking or proposes to take
with respect thereto. The Company also shall comply with TIA ss. 314(a)(4).

     SECTION 4.15. Further Instruments and Acts. Upon request of the Trustee,
the Company shall execute and deliver such further instruments and do such
further acts as may be reasonably necessary or proper to carry out more
effectively the purpose of this Indenture.

                                   ARTICLE V

                                Successor Company

     SECTION 5.01. When Company May Merge or Transfer Assets. The Company will
not consolidate with, merge with or into, or sell, convey, transfer, lease or
otherwise dispose of all or substantially all of its property and assets (as an
entirety or substantially an entirety in one transaction or a series of related
transactions) to, any Person or permit any Person to merge with or into it
unless:

                                       44
<PAGE>

          (1) it shall be the continuing Person, or the Person (if other than
     it) formed by such consolidation or into which it is merged or that
     acquired or leased such property and assets (the "Surviving Person") shall
     be a corporation organized and validly existing under the laws of the
     United States of America or any jurisdiction thereof and shall expressly
     assume, by a supplemental indenture, executed and delivered to the Trustee,
     all of the Company's obligations under this Indenture and the Securities;

          (2) immediately after giving effect to such transaction, no Default or
     Event of Default shall have occurred and be continuing;

          (3) immediately after giving effect to such transaction on a pro forma
     basis, the Company (or the Surviving Person, if applicable) shall have a
     Consolidated Net Worth equal to or greater than the Consolidated Net Worth
     of the Company immediately prior to such transaction;

          (4) immediately after giving effect to such transaction on a pro forma
     basis the Company (or the Surviving Person, if applicable) could Incur at
     least $1.00 of Indebtedness under the first paragraph of Section 4.03(a);
     provided that this clause (4) shall not apply to a consolidation, merger or
     sale of all (but not less than all) of the assets of the Company if all
     Liens and Indebtedness of the Company (or the Surviving Person), together
     with the Restricted Subsidiaries of such Person, outstanding immediately
     after such transaction would have been permitted (and all such Liens and
     Indebtedness, other than Liens and Indebtedness of such Person and its
     Restricted Subsidiaries outstanding immediately prior to the transaction,
     shall be deemed to have been Incurred) for all purposes of this Indenture;

          (5) each Subsidiary Guarantor, unless such Subsidiary Guarantor is the
     Person with which the Company has entered into a transaction under this
     Section 5.01, shall have, by supplemental indenture amending its Subsidiary
     Guarantee, confirmed that its Subsidiary Guarantee shall apply to the
     obligations of the Company or the Surviving Person in accordance with the
     Securities and this Indenture; and

          (6) the Company will have delivered to the Trustee an Officers'
     Certificate (attaching the arithmetic computations to demonstrate
     compliance with clauses (3) and (4) of this paragraph) and an Opinion of
     Counsel, each stating that such transaction and, if a supplemental
     indenture is required in connection with such transaction, such
     supplemental indenture comply with the applicable provisions of this
     Indenture, that all conditions precedent in this Indenture relating to such
     transaction have been satisfied and that such supplemental indenture is
     enforceable;

provided, however that clauses (3) and (4) above do not apply if, in the good
faith determination of the Board of Directors, whose determination shall be
evidenced by a Board Resolution, the principal purpose of such transaction is to
change the state of

                                       45
<PAGE>

incorporation of the Company and any such transaction shall not have as one of
its purposes the evasion of this Section 5.01.

     SECTION 5.02. When a Subsidiary Guarantor May Merge or Transfer Assets. No
Subsidiary Guarantor will consolidate with, merge with or into, or sell, convey,
transfer, lease or otherwise dispose of all or substantially all of its property
and assets) as an entirety or substantially an entirety in one transaction or a
series of related transactions) to, any Person or permit any Person to merge
with or into it unless:

          (1) it shall be the continuing Person, or the Person (if other than
     it) formed by such consolidation or into which it is merged or that
     acquired or leased such property and assets shall expressly assume, by a
     supplemental indenture, executed and delivered to the Trustee, all of such
     Subsidiary Guarantor's obligations under its Subsidiary Guarantee;

          (2) immediately after giving effect to such transaction, no Default or
     Event of Default shall have occurred and be continuing; and

          (3) the Company will have delivered to the Trustee an Officers'
     Certificate and an Opinion of Counsel, each stating that such transaction
     and such supplemental indenture comply with the applicable provisions of
     this Indenture, that all conditions precedent in this Indenture relating to
     such transaction have been satisfied and that such supplemental indenture
     is enforceable.

          The foregoing requirements of this Section 5.02 shall not apply to a
consolidation or merger of any Subsidiary Guarantor with and into the Company or
any other Subsidiary Guarantor, so long as the Company or such Subsidiary
Guarantor survives such consolidation or merger.

                                   ARTICLE VI

                              Defaults and Remedies

          SECTION 6.01. Events of Default. The following events shall be "Events
of Default":

          (1) default in the payment of principal of (or premium, if any, on)
     any Security when the same becomes due and payable at maturity upon
     acceleration, redemption or otherwise;

          (2) default in the payment of interest on any Security when the same
     becomes due and payable, and such default continues for a period of 30
     days.

          (3) default in the performance or breach of the provisions of Article
     V or the failure by the Company to make or consummate an Offer to Purchase
     in accordance with the provisions in Section 4.07 or Section 4.13;

                                       46
<PAGE>

          (4) the Company or any Subsidiary Guarantor defaults in the
     performance of or breaches any other covenant or agreement in the
     Securities or in this Indenture (other than a default specified in clause
     (1), (2) or (3)) and such default or breach continues for a period of 30
     consecutive days after written notice is given to the Company as specified
     below;

          (5) there occurs with respect to any issue or issues of Indebtedness
     of the Company, any Subsidiary Guarantor or any Significant Subsidiary
     having an outstanding principal amount of $10.0 million or more in the
     aggregate for all such issues of all such Persons, whether such
     Indebtedness now exists or shall hereafter be created, (A) an event of
     default that has caused the holder thereof to declare such Indebtedness to
     be due and payable prior to its Stated Maturity and such Indebtedness has
     not been discharged in full or such acceleration has not been rescinded or
     annulled within 30 days of such acceleration and/or (B) the failure to make
     a principal payment at the final (but not any interim) fixed maturity and
     such defaulted payment shall not have been made, waived or extended within
     30 days of such payment default;

          (6) any final judgment or order (to the extent not insured by a
     reputable and credit-worthy insurer that has not contested coverage with
     respect to the underlying claim) for the payment of money in excess of
     $10.0 million in the aggregate for all such final judgments or orders
     against all such Persons (treating any deductibles, self-insurance or
     retention as not so covered) shall be rendered against the Company, any
     Subsidiary Guarantor or any Significant Subsidiary and shall not be paid or
     discharged, and there shall be any period of 30 consecutive days following
     entry of the final judgment or order that causes the aggregate amount for
     all such final judgments or orders outstanding and not paid or discharged
     against all such Persons to exceed $10.0 million during which a stay of
     enforcement of such final judgment or order, by reason of a pending appeal
     or otherwise, shall not be in effect;

          (7) a court having jurisdiction in the premises enters a decree or
     order for (A) relief in respect of the Company, any Subsidiary Guarantor or
     any Significant Subsidiary in an involuntary case under any applicable
     bankruptcy, insolvency or other similar law now or hereafter in effect, (B)
     appointment of a receiver, liquidator, assignee, custodian, trustee,
     sequestrator or similar official of the Company, any Subsidiary Guarantor
     or any Significant Subsidiary or for all or substantially all of the
     property and assets of the Company, any Subsidiary Guarantor or any
     Significant Subsidiary or (C) the winding up or liquidation of the affairs
     of the Company, any Subsidiary Guarantor or any Significant Subsidiary and,
     in each case, such decree or order shall remain unstayed and in effect for
     a period of 30 consecutive days;

          (8) the Company, any Subsidiary Guarantor or any Significant
     Subsidiary (A) commences a voluntary case under any applicable bankruptcy,
     insolvency or other similar law now or hereafter in effect, or consents to
     the entry of an order for relief in an involuntary case under any such law,
     (B) consents to the

                                       47
<PAGE>

     appointment of or taking possession by a receiver, liquidator, assignee,
     custodian, trustee, sequestrator or similar official of the Company, any
     Subsidiary Guarantor or any Significant Subsidiary or for all or
     substantially all of the property and assets of the Company, any Subsidiary
     Guarantor or any Significant Subsidiary or (C) effects any general
     assignment for the benefit of creditors; or

          (9) any Subsidiary Guarantor repudiates its obligations under its
     Subsidiary Guarantee or, except as permitted by this Indenture, any
     Subsidiary Guarantee is determined to be unenforceable or invalid or shall
     for any reason cease to be in full force and effect and such default
     continues for 10 days.

          The foregoing will constitute Events of Default whatever the reason
for any such Event of Default and whether it is voluntary or involuntary or is
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.

          A Default under Section 6.01(4) is not an Event of Default until the
Trustee or the Holders of at least 25% in aggregate principal amount of the
Securities then outstanding notify the Company (and in the case of such notice
by Holders, the Trustee) of the Default and the Company does not cure such
Default within the time specified after receipt of such notice. Such notice must
specify the Default, demand that it be remedied and state that such notice is a
Notice of Default.

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

          SECTION 6.02. Acceleration. If an Event of Default (other than an
Event of Default specified in Section 6.01(7) or (8) above that occurs with
respect to the Company, any Subsidiary Guarantor or any Significant Subsidiary)
occurs and is continuing, the Trustee or the Holders of at least 25% in
aggregate principal amount of the Securities, then outstanding, by written
notice to the Company (and to the Trustee if such notice is given by the
Holders), may, and the Trustee at the request of such Holders shall, declare the
principal of, premium, if any, and accrued interest on the Securities to be
immediately due and payable. Upon a declaration of acceleration, such principal
of, premium, if any, and accrued interest shall be immediately due and payable.
In the event of a declaration of acceleration because an Event of Default set
forth in Section 6.01(5) above has occurred and is continuing, such declaration
of acceleration shall be automatically rescinded and annulled if the event of
default triggering such Event of Default pursuant to Section 6.01(5) shall be
remedied or cured by the Company, the relevant Subsidiary Guarantor or the
relevant Significant Subsidiary or waived by the holders of the relevant
Indebtedness within 60 days after the declaration of acceleration with respect
thereto. No such rescission shall affect any subsequent Default or impair any
right consequent thereto. If an Event of Default specified in Section 6.01(7) or
(8) above occurs with respect to the Company, any Subsidiary Guarantor or any
Significant Subsidiary, the principal of, premium, if any, and accrued interest
on the Securities then

                                       48
<PAGE>

outstanding shall automatically become and be immediately due and payable
without any declaration or other act on the part of the Trustee or any Holder.

          SECTION 6.03. Other Remedies. If an Event of Default occurs and is
continuing, the Trustee may pursue any available remedy to collect the payment
of principal of or interest on the Securities or to enforce the performance of
any provision of the Securities or this Indenture.

          The Trustee may maintain a proceeding even if it does not possess any
of the Securities or does not produce any of them in the proceeding. A delay or
omission by the Trustee or any Securityholder in exercising any right or remedy
accruing upon an Event of Default shall not impair the right or remedy or
constitute a waiver of or acquiescence in the Event of Default. No remedy is
exclusive of any other remedy. All available remedies are cumulative to the
extent permitted by law.

          SECTION 6.04. Waiver of Past Defaults; Annulment of Acceleration. The
Holders of at least a majority in aggregate principal amount of the Securities
then outstanding by written notice to the Company and to the Trustee may waive
all past Defaults and rescind and annul a declaration of acceleration and its
consequences if (x) all existing Events of Default, other than the nonpayment of
the principal of, premium, if any, and accrued interest on the Securities that
have become due solely by such declaration of acceleration, have been cured or
waived and (y) the rescission would not conflict with any judgment or decree of
a court of competent jurisdiction. No such rescission shall affect any
subsequent Default or impair any right consequent thereto.

          SECTION 6.05. Control by Majority. The Holders of at least a majority
in aggregate principal amount of the Securities then outstanding may direct the
time, method and place of conducting any proceeding for any remedy available to
the Trustee or of exercising any trust or power conferred on the Trustee with
respect to the Securities. However, the Trustee may refuse to follow any
direction that conflicts with law or this Indenture, that may involve the
Trustee in personal liability, or that the Trustee determines in good faith may
be unduly prejudicial to the rights of Holders of Securities not joining in the
giving of such direction and may take any other action it deems proper that is
not inconsistent with any such direction received from Holders of Securities.

          SECTION 6.06. Limitation on Suits. A Holder may not pursue any remedy
with respect to this Indenture or the Securities unless:

          (1) the Holder gives the Trustee written notice of a continuing Event
     of Default;

          (2) the Holders of at least 25% in aggregate principal amount of
     outstanding Securities make a written request to the Trustee to pursue the
     remedy;

          (3) such Holder or Holders offer the Trustee indemnity satisfactory to
     the Trustee against any costs, liability or expense;

          (4) the Trustee does not comply with the request within 60 days after
     receipt of the request and the offer of indemnity; and

                                       49
<PAGE>

          (5) during such 60-day period, the Holders of a majority in aggregate
     principal amount of the outstanding Securities do not give the Trustee a
     direction that is inconsistent with the request.

          However, such limitations do not apply to the right of any Holder of a
Security to receive payment of the principal of or premium, if any, or interest
on, such Security, or to bring suit for the enforcement of any such payment, on
or after the due date expressed in the Securities, which right shall not be
impaired or affected without the consent of the Holder.

          Officers of the Company must certify, within 120 days after the end of
each fiscal year, that a review has been conducted of the activities of the
Company and its Restricted Subsidiaries and the Company's and its Restricted
Subsidiaries' performance under this Indenture and that the Company and its
Restricted Subsidiaries have fulfilled all obligations hereunder, or, if there
has been a default in the fulfillment of any such obligation, specifying each
such default and the nature and status thereof. The Company will also be
obligated to notify the Trustee of any default or defaults in the performance of
any covenants or agreements under this Indenture.

          SECTION 6.07. Rights of Holders to Receive Payment. Notwithstanding
any other provision of this Indenture, the right of any Holder to receive
payment of principal of and interest on the Securities held by such Holder, on
or after the respective due dates expressed in the Securities, or to bring suit
for the enforcement of any such payment on or after such respective dates, shall
not be impaired or affected without the consent of such Holder.

          SECTION 6.08. Collection Suit by Trustee. If an Event of Default
specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee may
recover judgment in its own name and as trustee of an express trust against the
Company for the whole amount then due and owing (together with interest on any
unpaid interest to the extent lawful) and the amounts provided for in Section
7.07.

          SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may file
such proofs of claim and other papers or documents as may be necessary or
advisable in order to have the claims of the Trustee and the Securityholders
allowed in any judicial proceedings relative to the Company, its creditors or
its property and, unless prohibited by law or applicable regulations, may vote
on behalf of the Holders in any election of a trustee in bankruptcy or other
Person performing similar functions, and any Custodian in any such judicial
proceeding is hereby authorized by each Holder to make payments to the Trustee
and, in the event that the Trustee shall consent to the making of such payments
directly to the Holders, to pay to the Trustee any amount due it for the
reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents and its counsel, and any other amounts due the Trustee under Section
7.07.

          SECTION 6.10. Priorities. If the Trustee collects any money or
property pursuant to this Article VI, it shall pay out the money or property in
the following order:

                                       50
<PAGE>

          FIRST: to the Trustee for amounts due under Section 7.07;

          SECOND: to Securityholders for amounts due and unpaid on the
     Securities for principal and interest, ratably, without preference or
     priority of any kind, according to the amounts due and payable on the
     Securities for principal and interest, respectively; and

          THIRD: to the Company or, if applicable, the Subsidiary Guarantors, as
     their respective interests may appear;

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

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

          SECTION 6.12. Waiver of Stay or Extension Laws. The Company (to the
extent it may lawfully do so) shall 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, that may
affect the covenants or the performance of this Indenture; and the Company (to
the extent that it may lawfully do so) hereby expressly waives all benefit or
advantage of any such law, and shall not hinder, delay or impede the execution
of any power herein granted to the Trustee, but shall suffer and permit the
execution of every such power as though no such law had been enacted.

                                  ARTICLE VII

                                     Trustee

          SECTION 7.01. Duties of Trustee. If an Event of Default has occurred
and is continuing, the Trustee shall exercise the rights and powers vested in it
by this Indenture and use the same degree of care and skill in their exercise as
a prudent Person would exercise or use under the circumstances in the conduct of
such Person's own affairs.

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

          (1) the Trustee undertakes to perform such duties and only such duties
     as

                                       51
<PAGE>

          are specifically set forth in this Indenture and no implied covenants
          or obligations shall be read into this Indenture against the Trustee;
          and

          (2) in the absence of bad faith on its part, the Trustee may
     conclusively rely, as to the truth of the statements and the correctness of
     the opinions expressed therein, upon certificates (including Officers'
     Certificates) or opinions (including Opinions of Counsel) furnished to the
     Trustee and conforming to the requirements of this Indenture. However, the
     Trustee shall examine the certificates and opinions to determine whether or
     not they conform to the requirements of this Indenture.

          (b) The Trustee may not be relieved from liability for its own
negligent action, its own negligent failure to act or its own wilful misconduct,
except that:

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

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

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

          (c) Every provision of this Indenture that in any way relates to the
Trustee is subject to paragraphs (a) and (b) of this Section.

          (d) The Trustee shall not be liable for interest on any money received
by it except as the Trustee may agree in writing with the Company.

          (e) Money held in trust by the Trustee need not be segregated from
other funds except to the extent required by law.

          (f) No provision of this Indenture shall require the Trustee to expend
or risk its own funds or otherwise incur financial liability in the performance
of any of its duties hereunder or in the exercise of any of its rights or powers
or to take or omit to take any action hereunder or to take any action at the
request or direction of Securityholders if it shall have reasonable grounds to
believe that repayment of such funds is not assured to it.

          (g) Every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Trustee shall be
subject to the provisions of this Section and to the provisions of the TIA and
the provisions of this Article VII shall apply to the Trustee in its role as
Registrar, Paying Agent and Security Custodian.

          (h) The Trustee shall not be deemed to have notice of a Default or an
Event of Default unless (a) the Trustee has received written notice thereof from
the Company or any Holder or (b) a Trust Officer shall have actual knowledge
thereof.

          (i) In the absence of bad faith, negligence or willful misconduct on
the part of the Trustee, the Trustee shall not be responsible for the
application of any money by any Paying Agent other than the Trustee.

          SECTION 7.02. Rights of Trustee. (a) The Trustee may rely on any
document (including without limitation Officers' Certificates and Opinions of
Counsel) believed by it to be genuine and to have been signed or presented by
the proper

                                       52
<PAGE>

person. The Trustee need not investigate any fact or matter stated in the
document. The Trustee may, however, 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.

          (b) Before the Trustee acts or refrains from acting, it may require an
Officers' Certificate or an Opinion of Counsel. The Trustee shall not be liable
for any action it takes or omits to take in good faith in reliance on the
Officers' Certificate or Opinion of Counsel.

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

          (d) The Trustee shall not be liable for any action it takes or omits
to take in good faith that it believes to be authorized or within its rights or
powers; provided, however, that the Trustee's conduct does not constitute wilful
misconduct or negligence.

          (e) The Trustee may consult with counsel, and the advice or opinion of
counsel with respect to legal matters relating to this Indenture and the
Securities shall be full and complete authorization and protection from
liability in respect to any action taken, omitted or suffered by it hereunder in
good faith and in accordance with the advice or opinion of such counsel.

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

          SECTION 7.03. Individual Rights of Trustee. The Trustee in its
individual or any other capacity may become the owner or pledgee of Securities
and may otherwise deal with the Company or its Affiliates with the same rights
it would have if it were not Trustee. Any Paying Agent, Registrar or
co-registrar may do the same with like rights. However, the Trustee must comply
with Sections 7.10 and 7.11.

          SECTION 7.04. Trustee's Disclaimer. The Trustee shall not be
responsible for and makes no representation as to the validity, priority or
adequacy of this Indenture or the Securities, it shall not be accountable for
the Company's use of the proceeds from the Securities, and it shall not be
responsible for any statement of the Company or any Subsidiary Guarantor in this
Indenture or in any document issued in connection with the sale of the
Securities or in the Securities other than the Trustee's certificate of
authentication.

          SECTION 7.05. Notice of Defaults. If a Default or Event of Default
occurs and is continuing and if it is known to the Trustee, the Trustee shall
mail to each Securityholder notice of the Default or Event of Default within 90
days after it is known to a Trust Officer or written notice of it is duly
received by the Trustee. Except in the case of a Default or Event of Default in
payment of principal of or interest on any Security, the Trustee may withhold
the notice if and so long as a committee of its Trust Officers in good faith
determines that withholding the notice is in the interests of Securityholders.

                                       53
<PAGE>

          SECTION 7.06. Reports by Trustee to Holders. As promptly as
practicable after each [ ] beginning with [ ], and in any event prior to [ ] in
each year, the Trustee shall mail to each Securityholder a brief report dated as
of [ ] each year that complies with TIA ss. 313(a), if and to the extent
required by such subsection. The Trustee shall also comply with TIA ss. 313(b).

          A copy of each report at the time of its mailing to Securityholders
shall be filed with the SEC and each stock exchange (if any) on which the
Securities are listed. The Company agrees to notify promptly the Trustee
whenever the Securities become listed on any stock exchange and of any delisting
thereof.

          SECTION 7.07. Compensation and Indemnity. The Company shall pay to the
Trustee from time to time reasonable compensation for its services. 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 reasonable out-of-pocket expenses (including reasonable fees and
expenses of counsel) incurred or made by it, including costs of collection, in
addition to the compensation for its services. Such expenses shall include the
reasonable compensation and expenses, disbursements and advances of the
Trustee's agents, counsel, accountants and experts. The Company and each
Subsidiary Guarantor, jointly and severally, shall indemnify the Trustee against
any and all loss, liability or expense (including reasonable attorneys' fees)
incurred by it in connection with the acceptance and administration of this
trust and the performance of its duties hereunder. The Trustee shall notify the
Company promptly of any claim for which it may seek indemnity. Failure by the
Trustee to so notify the Company shall not relieve the Company or any Subsidiary
Guarantor of its obligations hereunder. The Company shall defend the claim and
the Trustee may have separate counsel and the Company and the Subsidiary
Guarantors, as applicable, shall pay the fees and expenses of such counsel. The
Company need not reimburse any expense or indemnify against any loss, liability
or expense incurred by the Trustee through the Trustee's own wilful misconduct,
negligence or bad faith. The Company need not pay for any settlement made by the
Trustee without the Company's consent, such consent not to be unreasonably
withheld. All indemnifications and releases from liability granted hereunder to
the Trustee shall extend to its officers, directors, employees, agents,
successors and assigns.

          To secure the Company's payment obligations in this Section, the
Trustee shall have a lien prior to the Securities on all money or property held
or collected by the Trustee other than money or property held in trust to pay
principal of and interest on particular Securities.

          The Company's payment obligations pursuant to this Section shall
survive the resignation or removal of the Trustee and the discharge of this
Indenture. When the Trustee incurs expenses after the occurrence of a Default
specified in Section 6.01(7) or (8) with respect to the Company, the expenses
are intended to constitute expenses of administration under the Bankruptcy Law.

          SECTION 7.08. Replacement of Trustee. The Trustee may resign at any
time by so notifying the Company. The Holders of a majority in aggregate
principal

                                       54
<PAGE>

amount of the Securities then outstanding may remove the Trustee by so notifying
the Trustee and may appoint a successor Trustee. The Company may remove the
Trustee if:

          (1) the Trustee fails to comply with Section 7.10;

          (2) the Trustee is adjudged bankrupt or insolvent;

          (3) a receiver or other public officer takes charge of the Trustee or
     its property; or

          (4) the Trustee otherwise becomes incapable of acting.

          If the Trustee resigns, is removed by the Company or by the Holders of
a majority in aggregate principal amount of the Securities then outstanding and
such Holders do not reasonably promptly appoint a successor Trustee, or if a
vacancy exists in the office of Trustee for any reason (the Trustee in such
event being referred to herein as the retiring Trustee), the Company shall
promptly appoint a successor Trustee.

          A successor Trustee shall deliver a written acceptance of its
appointment to the retiring Trustee and to the Company. Thereupon the
resignation or removal of the retiring Trustee shall become effective, and the
successor Trustee shall have all the rights, powers and duties of the Trustee
under this Indenture. The successor Trustee shall mail a notice of its
succession to Securityholders. The retiring Trustee shall promptly transfer all
property held by it as Trustee to the successor Trustee, subject to the lien
provided for in Section 7.07.

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

          If the Trustee fails to comply with Section 7.10, any Securityholder
who has been a bona fide Holder of a Security for at least six months may
petition any court of competent jurisdiction for the removal of the Trustee and
the appointment of a successor Trustee.

          Notwithstanding the replacement of the Trustee pursuant to this
Section, the Company's obligations under Section 7.07 shall continue for the
benefit of the retiring Trustee.

          SECTION 7.09. Successor Trustee by Merger. If the Trustee consolidates
with, merges or converts into, or transfers all or substantially all its
corporate trust business or assets to, another corporation or banking
association, the resulting, surviving or transferee corporation or banking
association without any further act shall be the successor Trustee.

          In case at the time such successor or successors by merger, conversion
or consolidation to the Trustee shall succeed to the trusts created by this
Indenture any of

                                       55
<PAGE>

the Securities shall have been authenticated but not delivered, any such
successor to the Trustee may adopt the certificate of authentication of any
predecessor trustee, and deliver such Securities so authenticated; and in case
at that time any of the Securities shall not have been authenticated, any such
successor to the Trustee may authenticate such Securities in the name of the
successor to the Trustee; and in all such cases such certificates shall have the
full force which it is anywhere in the Securities or in this Indenture provided
that the certificate of the Trustee shall have.

          SECTION 7.10. Eligibility; Disqualification. The Trustee shall at all
times satisfy the requirements of TIA ss. 310(a). The Trustee shall have (or, in
the case of a corporation included in a bank holding company system, the related
bank holding company shall have) a combined capital and surplus of at least
$50,000,000 as set forth in its (or its related bank holding company's) most
recent published annual report of condition. The Trustee shall comply with TIA
ss. 310(b), subject to the penultimate paragraph thereof; provided, however,
that there shall be excluded from the operation of TIA ss. 310(b)(1) any
indenture or indentures under which other securities or certificates of interest
or participation in other securities of the Company are outstanding if the
requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.

          SECTION 7.11. Preferential Collection of Claims Against the Company.
The Trustee shall comply with TIA ss. 311(a), excluding any creditor
relationship listed in TIA ss. 311(b). A Trustee who has resigned or been
removed shall be subject to TIA ss. 311(a) to the extent indicated.

                                  ARTICLE VIII

                       Discharge of Indenture; Defeasance

          SECTION 8.01. Discharge of Liability on Securities; Defeasance.
(a)When (i) the Company delivers to the Trustee all outstanding Securities
(other than Securities replaced pursuant to Section 2.07) for cancelation or
(ii) all outstanding Securities have become due and payable, whether at maturity
or as a result of the mailing of a notice of redemption pursuant to Article III
and the Company irrevocably deposits with the Trustee funds sufficient to pay at
maturity or upon redemption all outstanding Securities, including interest
thereon to maturity or such redemption date (other than Securities replaced
pursuant to Section 2.07), and if in either case the Company pays all other sums
payable hereunder by the Company, then this Indenture shall, subject to Section
8.01(c), cease to be of further effect. The Trustee shall acknowledge
satisfaction and discharge of this Indenture on demand of the Company
accompanied by an Officers' Certificate and an Opinion of Counsel and at the
cost and expense of the Company.

          (b) Subject to Sections 8.01(c) and 8.02, the Company at any time may
terminate (i) all of its obligations under the Securities and this Indenture
("legal defeasance option") or (ii) its obligations under Sections 4.02, 4.03,
4.04, 4.05, 4.06, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.14 and 4.15 and
the operation of

                                       56
<PAGE>

Sections 6.01(3), 6.01(4), 6.01(5) and 6.01(6) (but, in the case of Section
6.01(3), with respect only to clauses (3) and (4) of Section 5.01) and the
limitations contained in clauses (3) and (4) of Section 5.01 ("covenant
defeasance option"). The Company may exercise its legal defeasance option
notwithstanding its prior exercise of its covenant defeasance option.

          If the Company exercises its legal defeasance option, payment of the
Securities may not be accelerated because of an Event of Default. If the Company
exercises its covenant defeasance option, payment of the Securities may not be
accelerated because of an Event of Default specified in Sections 6.01(4) (with
respect to the covenants of Article IV identified in the immediately preceding
paragraph), 6.01(5), 6.01(6), 6.01(7) and 6.01(8) (with respect only to
Restricted Subsidiaries in the case of Section 6.01(7)) or because of the
failure of the Company to comply with the limitations contained in Sections
6.01(5) and 6.01(6).

          Upon satisfaction of the conditions set forth herein and upon request
of the Company, the Trustee shall acknowledge in writing the discharge of those
obligations that the Company terminates.

          (c) Notwithstanding clauses (a) and (b) above, the Company's
obligations in Sections 2.04, 2.05, 2.06, 2.07, 7.07, 7.08, 8.05 and 8.06 shall
survive until the Securities have been paid in full. Thereafter, the Company's
obligations in Sections 7.07 and 8.05 shall survive.

          SECTION 8.02. Conditions to Defeasance. The Company may exercise its
legal defeasance option or its covenant defeasance option only if:

          (1) the Company has deposited with the Trustee, in trust, money and/or
     U.S. Government Obligations that through the payment of interest and
     principal in respect thereof in accordance with their terms will provide
     money in an amount sufficient to pay the principal of, premium, if any, and
     accrued interest on the Securities on the Stated Maturity of such payments
     in accordance with the terms of this Indenture and the Securities;

          (2) the Company has delivered to the Trustee a certificate from a
     nationally recognized firm of independent accountants expressing their
     opinion that the payments of principal and interest when due and without
     reinvestment on the deposited U.S. Government Obligations plus any
     deposited money without investment will provide cash at such times and in
     such amounts as will be sufficient to pay principal and interest when due
     on all the Securities to maturity or redemption, as the case may be;

          (3) the Company has delivered to the Trustee (1) either (x) an Opinion
     of Counsel to the effect that Holders will not recognize income, gain or
     loss for federal income tax purposes as a result of the Company's exercise
     of its option under Section 8.01 and will be subject to federal income tax
     on the same amount and in the same manner and at the same times as would
     have been the case if such

                                       57
<PAGE>

     deposit, defeasance and discharge had not occurred, which Opinion of
     Counsel must be based upon (and accompanied by a copy of) a ruling of the
     Internal Revenue Service to the same effect unless there has been a change
     in applicable federal income tax law after the date of this Indenture such
     that a ruling is no longer required or (y) a ruling directed to the Trustee
     received from the Internal Revenue Service to the same effect as the
     aforementioned Opinion of Counsel and (2) an Opinion of Counsel to the
     effect that the creation of the defeasance trust does not violate the
     Investment Company Act of 1940 and after the passage of 123 days following
     the deposit, the trust fund will not be subject to the effect of Section
     547 of the United States Bankruptcy Code or Section 15 of the New York
     Debtor and Creditor Law;

          (4) immediately after giving effect to such deposit on a pro forma
     basis, no Event of Default, or event that after the giving of notice or
     lapse of time or both would become an Event of Default, shall have occurred
     and be continuing on the date of such deposit or during the period ending
     on the 123rd day after the date of such deposit, and such deposit shall not
     result in a breach or violation of, or constitute a default under, any
     other agreement or instrument to which the Company or any of its
     Subsidiaries is a party or by which the Company or any of its Subsidiaries
     is bound;

          (5) if at such time the Securities are listed on a national securities
     exchange, the Company has delivered to the Trustee an Opinion of Counsel to
     the effect that the Securities will not be delisted as a result of such
     deposit, defeasance and discharge; and

          (6) the Company delivers to the Trustee an Officers' Certificate and
     an Opinion of Counsel, each stating that all conditions precedent to the
     defeasance and discharge of the Securities as contemplated by this Article
     VIII have been complied with.

          Before or after a deposit, the Company may make arrangements
satisfactory to the Trustee for the redemption of Securities at a future date in
accordance with Article III.

          SECTION 8.03. Application of Trust Money. The Trustee shall hold in
trust money or U.S. Government Obligations deposited with it pursuant to this
Article VIII. It shall apply the deposited money and the money from U.S.
Government Obligations through the Paying Agent and in accordance with this
Indenture to the payment of principal of and interest on the Securities.

          SECTION 8.04. Repayment to the Company. The Trustee and the Paying
Agent shall promptly turn over to the Company upon request any excess money or
securities held by them at any time.

          Subject to any applicable abandoned property law, the Trustee and the
Paying Agent shall pay to the Company upon request any money held by them for
the

                                       58
<PAGE>

payment of principal or interest that remains unclaimed for two years, and,
thereafter, Securityholders entitled to the money must look to the Company for
payment as general creditors.

          SECTION 8.05. 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 deposited U.S. Government Obligations or the principal
and interest received on such U.S. Government Obligations.

          SECTION 8.06. Reinstatement. If the Trustee or Paying Agent is unable
to apply any money or U.S. Government Obligations in accordance with this
Article VIII 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, the Company's obligations under this
Indenture and the Securities shall be revived and reinstated as though no
deposit had occurred pursuant to this Article VIII until such time as the
Trustee or Paying Agent is permitted to apply all such money or U.S. Government
Obligations in accordance with this Article VIII; provided, however, that, if
the Company has made any payment of interest on or principal of any Securities
because of 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
money or U.S. Government Obligations held by the Trustee or Paying Agent.

                                   ARTICLE IX

                                   Amendments

          SECTION 9.01. Without Consent of Holders. The Company, the Subsidiary
Guarantors and the Trustee may amend this Indenture or the Securities without
notice to or consent of any Securityholder, to:

          (1) cure any ambiguity, defect or inconsistency;

          (2) comply with the provisions described in Article V or Section 4.10;

          (3) evidence and provide for the acceptance of appointment by a
     successor Trustee;

          (4) to add a Subsidiary Guarantor; or

          (5) make any change that, in the good faith opinion of the Board of
     Directors, does not materially and adversely affect the rights of any
     Holder.

          After an amendment under this Section becomes effective, the Company
shall mail to Securityholders a notice briefly describing such amendment. The
failure to give such notice to all Securityholders, or any defect therein, shall
not impair or affect the validity of an amendment under this Section.

                                       59
<PAGE>

          SECTION 9.02. With Consent of Holders. The Company, the Subsidiary
Guarantors and the Trustee may amend this Indenture or the Securities with the
written consent of the Holders of not less than a majority in aggregate
principal amount of the Securities then outstanding. However, without the
consent of each Securityholder affected thereby, an amendment may not:

          (1) change the Stated Maturity of the principal of, or any installment
     of interest on, any Security;

          (2) reduce the principal amount of, or premium, if any, or interest
     on, any Security;

          (3) change the optional redemption dates or optional redemption prices
     of the Securities from that stated in paragraph 5 of the Securities;

          (4) change the place or currency of payment of principal of, or
     premium, if any, or interest on, any Security;

          (5) impair the right to institute suit for the enforcement of any
     payment on or after the Stated Maturity (or, in the case of a redemption,
     on or after the Redemption Date) of any Security;

          (6) waive a default in the payment of principal of, premium, if any,
     or interest on the Securities;

          (7) release any Subsidiary Guarantor from its Subsidiary Guarantee,
     except as provided in this Indenture;

          (8) amend or modify any of the provisions of this Indenture in any
     manner which subordinates the Securities issued thereunder in right of
     payment to any other Indebtedness of the Company or which subordinates any
     Subsidiary Guarantee in right of payment to any other Indebtedness of the
     Subsidiary Guarantor issuing any such Subsidiary Guarantee; or

          (9) make any change in Section 6.04 or 6.07 or the second sentence of
     this Section.

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

          After an amendment under this Section becomes effective, the Company
shall mail to Securityholders a notice briefly describing such amendment. The
failure to give such notice to all Securityholders, or any defect therein, shall
not impair or affect the validity of an amendment under this Section 9.02.

          SECTION 9.03. Compliance with Trust Indenture Act. Every amendment to
this Indenture or the Securities shall comply with the TIA as then in effect.

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<PAGE>

          SECTION 9.04. Revocation and Effect of Consents and Waivers. A consent
to an amendment or a waiver by a Holder of a Security shall bind the Holder and
every subsequent Holder of that Security or portion of the Security that
evidences the same debt as the consenting Holder's Security, even if notation of
the consent or waiver is not made on the Security. However, any such Holder or
subsequent Holder may revoke the consent or waiver as to such Holder's Security
or portion of the Security if the Trustee receives the notice of revocation
before the date the amendment or waiver becomes effective. After an amendment or
waiver becomes effective, it shall bind every Securityholder. An amendment or
waiver becomes effective upon the execution of such amendment or waiver by the
Trustee.

          The Company may, but shall not be obligated to, fix a record date for
the purpose of determining the Securityholders entitled to give their consent or
take any other action described above or required or permitted to be taken
pursuant to this Indenture. If a record date is fixed, then notwithstanding the
immediately preceding paragraph, those Persons who were Securityholders at such
record date (or their duly designated proxies), and only those Persons, shall be
entitled to give such consent or to revoke any consent previously given or to
take any such action, whether or not such Persons continue to be Holders after
such record date. No such consent shall be valid or effective for more than 120
days after such record date.

          SECTION 9.05. Notation on or Exchange of Securities. If an amendment
changes the terms of a Security, the Trustee may require the Holder of the
Security to deliver such Security to the Trustee. The Trustee may place an
appropriate notation on the Security regarding the changed terms and return such
Security to the Holder. Alternatively, if the Company or the Trustee so
determines, the Company in exchange for the Security shall issue and the Trustee
shall authenticate a new Security that reflects the changed terms. Failure to
make the appropriate notation or to issue a new Security shall not affect the
validity of such amendment.

          SECTION 9.06. Trustee To Sign Amendments. The Trustee shall sign any
amendment authorized pursuant to this Article IX if the amendment does not
adversely affect the rights, duties, liabilities or immunities of the Trustee.
If it does, the Trustee may but need not sign it. In signing such amendment the
Trustee shall be entitled to receive indemnity reasonably satisfactory to it and
to receive, and (subject to Section 7.01) shall be fully protected in relying
upon, an Officers' Certificate and an Opinion of Counsel stating that such
amendment is authorized or permitted by this Indenture.

          SECTION 9.07. Payment for Consent. Neither the Company nor any
Affiliate of the Company shall, directly or indirectly, pay or cause to be paid
any consideration, whether by way of interest, fee or otherwise, to any Holder
for or as an inducement to any consent, waiver or amendment of any of the terms
or provisions of this Indenture or the Securities unless such consideration is
offered to be paid to all Holders that so consent, waive or agree to amend in
the time frame set forth in solicitation documents relating to such consent,
waiver or agreement.

                                       61
<PAGE>
                                   ARTICLE X

                              Subsidiary Guarantees

          SECTION 10.01. Subsidiary Guarantees. Each Subsidiary Guarantor hereby
unconditionally guarantees, jointly and severally, to each Holder and to the
Trustee and its successors and assigns (a) the full and punctual payment of
principal of, premium, if any, and interest on the Securities when due, whether
at maturity, by acceleration, by redemption or otherwise, and all other monetary
obligations of the Company under this Indenture and the Securities and (b) the
full and punctual performance within applicable grace periods of all other
obligations of the Company under this Indenture and the Securities (all the
foregoing being hereinafter collectively called the "Obligations"). Each
Subsidiary Guarantor further agrees that the Obligations may be extended or
renewed, in whole or in part, without notice or further assent from such
Subsidiary Guarantor, and that such Subsidiary Guarantor will remain bound under
this Article X notwithstanding any extension or renewal of any Obligation.

          Each Subsidiary Guarantor waives presentation to, demand of, payment
from and protest to the Company of any of the Obligations and also waives notice
of protest for nonpayment. Each Subsidiary Guarantor waives notice of any
default under the Securities or the Obligations. The obligations of each
Subsidiary Guarantor hereunder shall not be affected by (a) the failure of any
Holder or the Trustee to assert any claim or demand or to enforce any right or
remedy against the Company or any other Person under this Indenture, the
Securities or any other agreement or otherwise; (b) any extension or renewal of
any thereof; (c) any rescission, waiver, amendment or modification of any of the
terms or provisions of this Indenture, the Securities or any other agreement;
(d) the release of any security held by any Holder or the Trustee for the
Obligations or any of them; (e) the failure of any Holder or the Trustee to
exercise any right or remedy against any other guarantor of the Obligations; or
(f) any change in the ownership of such Subsidiary Guarantor.

          Each Subsidiary Guarantor further agrees that its Subsidiary Guarantee
herein constitutes a guarantee of payment, performance and compliance when due
(and not a guarantee of collection) and waives any right to require that any
resort be had by any Holder or the Trustee to any security held for payment of
the Obligations.

          Except as expressly set forth in Sections 4.08, 5.02 and 8.01(b), the
obligations of each Subsidiary Guarantor hereunder shall not be subject to any
reduction, limitation, impairment or termination for any reason, including any
claim of waiver, release, surrender, alteration or compromise, and shall not be
subject to any defense of setoff, counterclaim, recoupment or termination
whatsoever or by reason of the invalidity, illegality or unenforceability of the
Guaranteed Obligations or otherwise. Without limiting the generality of the
foregoing, the obligations of each Subsidiary Guarantor herein shall not be
discharged or impaired or otherwise affected by the failure of any Holder or the
Trustee to assert any claim or demand or to enforce any remedy under this
Indenture, the Securities or any other agreement, by any waiver or modification
of any thereof, by any default, failure or delay, willful or otherwise, in the

                                       62
<PAGE>

performance of the obligations, or by any other act or thing or omission or
delay to do any other act or thing which may or might in any manner or to any
extent vary the risk of such Subsidiary Guarantor or would otherwise operate as
a discharge of such Subsidiary Guarantor as a matter of law or equity.

          Each Subsidiary Guarantor further agrees that its Subsidiary Guarantee
herein shall continue to be effective or be reinstated, as the case may be, if
at any time payment, or any part thereof, of principal of or interest on any
Obligation is rescinded or must otherwise be restored by any Holder or the
Trustee upon the bankruptcy or reorganization of the Company or otherwise.

          In furtherance of the foregoing and not in limitation of any other
right which any Holder or the Trustee has at law or in equity against any
Subsidiary Guarantor by virtue hereof, upon the failure of the Company to pay
the principal of or interest on any Obligation when and as the same shall become
due, whether at maturity, by acceleration, by redemption or otherwise, or to
perform or comply with any other Obligation, each Subsidiary Guarantor hereby
promises to and will, upon receipt of written demand by the Trustee, forthwith
pay, or cause to be paid, in cash, to the Holders or the Trustee an amount equal
to the sum of (i) the unpaid amount of such Obligations, (ii) accrued and unpaid
interest on such Obligations (but only to the extent not prohibited by law) and
(iii) all other monetary Obligations of the Company to the Holders and the
Trustee.

          Each Subsidiary Guarantor agrees that it shall not be entitled to any
right of subrogation in respect of any Obligations guaranteed hereby until
payment in full in cash of all Obligations. Each Subsidiary Guarantor further
agrees that, as between it, on the one hand, and the Holders and the Trustee, on
the other hand, (x) the maturity of the Obligations guaranteed hereby may be
accelerated as provided in Article VI for the purposes of such Subsidiary
Guarantor's Subsidiary Guarantee herein, notwithstanding any stay, injunction or
other prohibition preventing such acceleration in respect of the Obligations
guaranteed hereby, and (y) in the event of any declaration of acceleration of
such Obligations as provided in Article VI, such Obligations (whether or not due
and payable) shall forthwith become due and payable by such Subsidiary Guarantor
for the purposes of this Section.

          Each Subsidiary Guarantor also agrees to pay any and all costs and
expenses (including reasonable attorneys' fees) incurred by the Trustee or any
Holder in enforcing any rights under this Section 10.01.

          The Subsidiary Guarantee issued by any Subsidiary Guarantor will be
automatically and unconditionally released and discharged upon (1) any sale,
exchange or transfer to any Person (other than an Affiliate of the Company) of
all of the Capital Stock of such Subsidiary Guarantor or (2) the designation of
such Subsidiary Guarantor as an Unrestricted Subsidiary, in each case, in
compliance with the terms of this Indenture.

                                       63
<PAGE>

          SECTION 10.02. Contribution. Each of the Company and any Subsidiary
Guarantor (a "Contributing Party") agrees that, in the event a payment shall be
made by any other Subsidiary Guarantor under any Subsidiary Guarantee (the
"Claiming Guarantor"), the Contributing Party shall indemnify the Claiming
Guarantor in an amount equal to the amount of such payment multiplied by a
fraction, the numerator of which shall be the net worth of the Contributing
Party on the date hereof and the denominator of which shall be the aggregate net
worth of the Company and all the Subsidiary Guarantors on the date hereof (or,
in the case of any Subsidiary Guarantor becoming a party hereto pursuant to
Section 9.01, the date of the supplemental indenture executed and delivered by
such Subsidiary Guarantor).

          SECTION 10.03. Successors and Assigns. This Article X shall be binding
upon each Subsidiary Guarantor and its successors and assigns and shall inure to
the benefit of the successors and assigns of the Trustee and the Holders and, in
the event of any transfer or assignment of rights by any Holder or the Trustee,
the rights and privileges conferred upon that party in this Indenture and in the
Securities shall automatically extend to and be vested in such transferee or
assignee, all subject to the terms and conditions of this Indenture.

          SECTION 10.04. No Waiver. Neither a failure nor a delay on the part of
either the Trustee or the Holders in exercising any right, power or privilege
under this Article X shall operate as a waiver thereof, nor shall a single or
partial exercise thereof preclude any other or further exercise of any right,
power or privilege. The rights, remedies and benefits of the Trustee and the
Holders herein expressly specified are cumulative and not exclusive of any other
rights, remedies or benefits which either may have under this Article X at law,
in equity, by statute or otherwise.

          SECTION 10.05. Modification. No modification, amendment or waiver of
any provision of this Article X, nor the consent to any departure by any
Subsidiary Guarantor therefrom, shall in any event be effective unless the same
shall be in writing and signed by the Trustee, and then such waiver or consent
shall be effective only in the specific instance and for the purpose for which
given. No notice to or demand on any Subsidiary Guarantor in any case shall
entitle such Subsidiary Guarantor to any other or further notice or demand in
the same, similar or other circumstances.

          SECTION 10.06. Execution of Supplemental Indenture for Future
Subsidiary Guarantors. Each Subsidiary which is required to become a Subsidiary
Guarantor pursuant to Section 4.15 shall promptly execute and deliver to the
Trustee a supplemental indenture in the form of Exhibit A hereto pursuant to
which such Subsidiary shall become a Subsidiary Guarantor under this Article X
and shall guarantee the Obligations. Concurrently with the execution and
delivery of such supplemental indenture, the Company shall deliver to the
Trustee an Opinion of Counsel to the effect that such supplemental indenture has
been duly authorized, executed and delivered by such Subsidiary and that,
subject to the application of bankruptcy, insolvency, moratorium, fraudulent
conveyance or transfer and other similar laws relating to creditors' rights
generally and to the principles of equity, whether considered in a proceeding at
law or in equity, the Subsidiary Guarantee of such Subsidiary Guarantor is

                                       64
<PAGE>

a legal, valid and binding obligation of such Subsidiary Guarantor, enforceable
against such Subsidiary Guarantor in accordance with its terms.

                                   ARTICLE XI

                                  Miscellaneous

          SECTION 11.01. Trust Indenture Act Controls. If any provision of this
Indenture limits, qualifies or conflicts with another provision that is required
to be included in this Indenture by the TIA, the required provision shall
control.

          SECTION 11.02. Notices. Any notice or communication shall be in
writing and delivered in person or mailed by first-class mail or sent by
facsimile (with a hard copy delivered in person or by mail promptly thereafter)
and addressed as follows:

                                  if to the Company or any Subsidiary Guarantor:

                                  James River Coal Company
                                  901 E. Byrd Street, Suite 1600
                                  Richmond, Virginia 23219

                                  Attention of

                                  if to the Trustee:

                                  U.S. Bank, National Association
                                  60 Livingston Avenue
                                  St. Paul, Minnesota 55107

                                  Attention of Corporate Trust Department

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

          Any notice or communication mailed to a Securityholder shall be mailed
to the Securityholder at the Securityholder's address as it appears on the
registration books of the Registrar and shall be sufficiently given if so mailed
within the time prescribed.

          Failure to mail a notice or communication to a Securityholder or any
defect in it shall not affect its sufficiency with respect to other
Securityholders. If a notice or communication is mailed in the manner provided
above, it is duly given, whether or not the addressee receives it.

                                       65
<PAGE>

          SECTION 11.03. Communication by Holders with Other Holders.
Securityholders may communicate pursuant to TIA ss. 312(b) with other
Securityholders with respect to their rights under this Indenture or the
Securities. The Company, the Trustee, the Registrar and anyone else shall have
the protection of TIA ss. 312(c).

          SECTION 11.04. Certificate and Opinion as to Conditions Precedent.
Upon any request or application by the Company to the Trustee to take or refrain
from taking any action under this Indenture, the Company shall furnish to the
Trustee:

          (1) an Officers' Certificate in form and substance reasonably
     satisfactory to the Trustee stating that, in the opinion of the signers,
     all conditions precedent, if any, provided for in this Indenture relating
     to the proposed action have been complied with; and

          (2) an Opinion of Counsel in form and substance reasonably
     satisfactory to the Trustee stating that, in the opinion of such counsel,
     all such conditions precedent have been complied with.

          SECTION 11.05. Statements Required in Certificate or Opinion. Each
certificate or opinion with respect to compliance with a covenant or condition
provided for in this Indenture shall include:

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

          (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 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 covenant or condition has
     been complied with; and

          (4) a statement as to whether or not, in the opinion of such
individual, such covenant or condition has been complied with; provided, that
Opinion of Counsel may rely on an Officers' Certificate or certificates of
public officials.

          SECTION 11.06. When Securities Disregarded. In determining whether the
Holders of the required principal amount of Securities have concurred in any
direction, waiver or consent, Securities owned by the Company, any Subsidiary
Guarantor or by any Person directly or indirectly controlling or controlled by
or under direct or indirect common control with the Company or any Subsidiary
Guarantor shall be disregarded and deemed not to be outstanding, except that,
for the purpose of determining whether the Trustee shall be protected in relying
on any such direction, waiver or consent, only Securities that the Trustee knows
are so owned shall be so disregarded. Also, subject to the foregoing, only
Securities outstanding at the time shall be considered in any such
determination.

                                       66
<PAGE>

          SECTION 11.07. Rules by Trustee, Paying Agent and Registrar. The
Trustee may make reasonable rules for action by or a meeting of Securityholders.
The Registrar and the Paying Agent or co-registrar may make reasonable rules for
their functions.

          SECTION 11.08. Legal Holidays. A "Legal Holiday" is a Saturday, a
Sunday or a day on which banking institutions are not required to be open in the
State of New York. If a payment date is a Legal Holiday, payment shall be made
on the next succeeding day that is not a Legal Holiday, and no interest shall
accrue for the intervening period. If a regular record date is a Legal Holiday,
the record date shall not be affected.

          SECTION 11.09. Governing Law. THIS INDENTURE AND THE SECURITIES SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO
THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY.

          SECTION 11.10. No Recourse Against Others. A director, officer,
employee or stockholder, as such, of the Company shall not have any liability
for any obligations of the Company under the Securities or this Indenture or for
any claim based on, in respect of or by reason of such obligations or their
creation. By accepting a Security, each Securityholder shall waive and release
all such liability. The waiver and release shall be part of the consideration
for the issue of the Securities.

          SECTION 11.11. Successors. All agreements of the Company and each
Subsidiary Guarantor in this Indenture and the Securities shall bind its
successors. All agreements of the Trustee in this Indenture shall bind its
successors.

          SECTION 11.12. Multiple Originals. The parties may sign any number of
copies of this Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement. One signed copy is enough to prove this
Indenture.

                                       67
<PAGE>

          SECTION 11.13. Table of Contents; Headings. The table of contents,
cross-reference sheet and headings of the Articles and Sections of this
Indenture have been inserted for convenience of reference only, are not intended
to be considered a part hereof and shall not modify or restrict any of the terms
or provisions hereof.

                                       68
<PAGE>

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

                                         JAMES RIVER COAL COMPANY,
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

                                         BELL COUNTY COAL CORPORATION,
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

                                         BLEDSOE COAL CORPORATION,
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

                                         BLUE DIAMOND COAL CORPORATION,
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

                                         LEECO, INC.,
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

                                       69
<PAGE>

                                         MCCOY ELKHORN COAL CORPORATION,
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

                                         TRIAD MINING, INC.,
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

                                         TRIAD UNDERGROUND MINING, LLC,
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

                                         U.S. BANK, NATIONAL ASSOCIATION,
                                         as trustee,
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

                                       70
<PAGE>

                                                                      APPENDIX A
                        PROVISIONS RELATING TO SECURITIES

     1. Definitions

     1.1 Definitions

     For the purposes of this Appendix A the following terms shall have the
meanings indicated below:

          "Clearstream" means Clearstream Banking, societe anonyme, or any
successor securities clearing agency.

          "Definitive Security" means a certificated Security.

          "Depository" means The Depository Trust Company, its nominees and
their respective successors.

          "Euroclear" means the Euroclear Clearance System or any successor
securities clearing agency.

          "Original Securities" means Securities in the aggregate principal
amount of $150.0 million issued on May [ ], 2005.

          "Securities" means the [ ]% Senior Notes due 2012, to be issued from
time to time, in one or more series as provided for in this Indenture.

          "Securities Act" means the Securities Act of 1933, as amended.

          "Securities Custodian" means the custodian with respect to a Global
Security (as appointed by the Depository) or any successor person thereto, who
shall initially be the Trustee.

          "Underwriting Agreement" means the Underwriting Agreement dated May
[24], 2005, between the Company and the Underwriters relating to the Original
Securities, or any similar agreement relating to any future sale of Securities
by the Company.

     1.2 Other Definitions

<TABLE>
<CAPTION>
                  Term                                                Defined In
                  ----                                                Section:
                                                                      ----------
<S>                                                                   <C>
"Agent Members"....................................................   2.1(b)
"Global Security"..................................................   2.1(a)
</TABLE>

     2. The Securities

     2.1 Form and Dating

                                       1
<PAGE>

          The Securities will be offered and sold by the Company, from time to
time, pursuant to one or more Underwriting Agreements.

          (a) Global Securities. Securities shall be issued initially in the
form of one or more permanent global Securities in definitive, fully registered
form (each, a "Global Security"). The aggregate principal amount of the Global
Securities may from time to time be increased or decreased by adjustments made
on the records of the Trustee and the Depository or its nominee as hereinafter
provided.

          (b) Book-Entry Provisions. This Section 2.1(b) shall apply only to a
Global Security deposited with or on behalf of the Depository.

          The Company shall execute and the Trustee shall, in accordance with
this Section 2.1(b) and pursuant to an order of the Company, authenticate and
deliver initially one or more Global Securities that (a) shall be registered in
the name of the Depository for such Global Security or Global Securities or the
nominee of such Depository and (b) shall be delivered by the Trustee to such
Depository or pursuant to such Depository's instructions or held by the Trustee
as Securities Custodian.

          Members of, or participants in, the Depository ("Agent Members") shall
have no rights under this Indenture with respect to any Global Security held on
their behalf by the Depository or by the Trustee as Securities Custodian or
under such Global Security, and the Depository may be treated by the Company,
the Trustee and any agent of the Company or the Trustee as the absolute owner of
such Global Security for all purposes whatsoever. Notwithstanding the foregoing,
nothing herein shall prevent the Company, the Trustee or any agent of the
Company or the Trustee from giving effect to any written certification, proxy or
other authorization furnished by the Depository or impair, as between the
Depository and its Agent Members, the operation of customary practices of such
Depository governing the exercise of the rights of a holder of a beneficial
interest in any Global Security.

          (c) Definitive Securities. Except as provided in Section 2.3 or 2.4,
owners of beneficial interests in Global Securities will not be entitled to
receive physical delivery of Definitive Securities.

     2.2 Authentication. The Trustee shall authenticate and deliver: (1)
Original Securities for original issue in an aggregate principal amount of
$150.0 million and (2) additional Securities, if and when issued, in an
aggregate principal amount established in or pursuant to a resolution of the
Board of Directors of the Company, upon a written order of the Company signed by
two Officers or by an Officer and either an Assistant Treasurer or an Assistant
Secretary of the Company. Such order shall specify the amount of the Securities
to be authenticated and the date on which the original issue of Securities is to
be authenticated. The aggregate principal amount of Securities that may be
outstanding at any time under this Indenture is unlimited.

     2.3 Transfer and Exchange. (a) Transfer and Exchange of Definitive
Securities. When Definitive Securities are presented to the Registrar or a
co-registrar with a request:

                                       2
<PAGE>

          (x) to register the transfer of such Definitive Securities; or

          (y) to exchange such Definitive Securities for an equal principal
     amount of Definitive Securities of other authorized denominations;

the Registrar or co-registrar shall register the transfer or make the exchange
as requested if its reasonable requirements for such transaction are met;
provided, however, that the Definitive Securities surrendered for transfer or
exchange shall be duly endorsed or accompanied by a written instrument of
transfer in form reasonably satisfactory to the Company and the Registrar or
co-registrar, duly executed by the Holder thereof or his attorney duly
authorized in writing.

          (a) Transfer and Exchange of Global Securities. (i) The transfer and
exchange of Global Securities or beneficial interests therein shall be effected
through the Depository, in accordance with this Indenture (including applicable
restrictions on transfer set forth herein, if any) and the procedures of the
Depository therefor. A transferor of a beneficial interest in a Global Security
shall deliver a written order given in accordance with the Depository's
procedures containing information regarding the participant account of the
Depository to be credited with a beneficial interest in the Global Security and
such account shall be credited in accordance with such instructions with a
beneficial interest in the Global Security and the account of the Person making
the transfer shall be debited by an amount equal to the beneficial interest in
the Global Security being transferred.

          (ii) If the proposed transfer is a transfer of a beneficial interest
     in one Global Security to a beneficial interest in another Global Security,
     the Registrar shall reflect on its books and records the date and an
     increase in the principal amount of the Global Security to which such
     interest is being transferred in an amount equal to the principal amount of
     the interest to be so transferred, and the Registrar shall reflect on its
     books and records the date and a corresponding decrease in the principal
     amount of the Global Security from which such interest is being
     transferred.

          (iii) Notwithstanding any other provisions of this Appendix A, a
     Global Security may not be transferred as a whole except 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.

          (b) Cancelation or Adjustment of Global Security. At such time as all
beneficial interests in a Global Security have either been exchanged for
Definitive Securities, redeemed, repurchased or canceled, such Global Security
shall be returned by the Depository to the Trustee for cancelation or retained
and canceled by the Trustee. At any time prior to such cancelation, if any
beneficial interest in a Global Security is exchanged for Definitive Securities,
redeemed, repurchased or canceled, the principal amount of Securities
represented by such Global Security shall be reduced and an adjustment shall be
made on the books and records of the Trustee (if it is then the

                                       3
<PAGE>

Securities Custodian for such Global Security) with respect to such Global
Security, by the Trustee or the Securities Custodian, to reflect such reduction.

          (c) Obligations with Respect to Transfers and Exchanges of Securities.

          (i) To permit registrations of transfers and exchanges, the Company
     shall execute and the Trustee shall authenticate Global Securities at the
     Registrar's or co-registrar's request.

          (ii) No service charge shall be made for any registration of transfer
     or exchange, but the Company may require payment of a sum sufficient to
     cover any transfer tax, assessments, or similar governmental charge payable
     in connection therewith (other than any such transfer taxes, assessments or
     similar governmental charge payable upon exchange or transfer pursuant to
     Sections 3.06, 4.06, 4.08 and 9.05 of this Indenture).

          (iii) Prior to the due presentation for registration of transfer of
     any Security, the Company, the Trustee, the Paying Agent, the Registrar or
     any co-registrar may deem and treat the person in whose name a Security is
     registered as the absolute owner of such Security for the purpose of
     receiving payment of principal of and interest on such Security and for all
     other purposes whatsoever, whether or not such Security is overdue, and
     none of the Company, the Trustee, the Paying Agent, the Registrar or any
     co-registrar shall be affected by notice to the contrary.

          (iv) All Securities issued upon any transfer or exchange pursuant to
     the terms of this Indenture shall evidence the same debt and shall be
     entitled to the same benefits under this Indenture as the Securities
     surrendered upon such transfer or exchange.

          (d) No Obligation of the Trustee.

          (i) The Trustee shall have no responsibility or obligation to any
     beneficial owner of a Global Security, a member of, or a participant in the
     Depository or any other Person with respect to the accuracy of the records
     of the Depository or its nominee or of any participant or member thereof,
     with respect to any ownership interest in the Securities or with respect to
     the delivery to any participant, member, beneficial owner or other Person
     (other than the Depository) of any notice (including any notice of
     redemption or repurchase) or the payment of any amount, under or with
     respect to such Securities. All notices and communications to be given to
     the Holders and all payments to be made to Holders under the Securities
     shall be given or made only to the registered Holders (which shall be the
     Depository or its nominee in the case of a Global Security). The rights of
     beneficial owners in any Global Security shall be exercised only through
     the Depository subject to the applicable rules and procedures of the
     Depository. The Trustee may rely and shall be fully protected in relying
     upon information

                                       4
<PAGE>

     furnished by the Depository with respect to its members, participants and
     any beneficial owners.

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

     2.4 Definitive Securities

          (a) A Global Security deposited with the Depository or with the
Trustee as Securities Custodian pursuant to Section 2.1 shall be transferred to
the beneficial owners thereof in the form of Definitive Securities in an
aggregate principal amount equal to the principal amount of such Global
Security, in exchange for such Global Security, only if such transfer complies
with Section 2.3 and (i) the Depository notifies the Company that it is
unwilling or unable to continue as a Depository for such Global Security or if
at any time the Depository ceases to be a "clearing agency" registered under the
Exchange Act, and a successor Depository is not appointed by the Company within
90 days of such notice, or (ii) the Company, in its sole discretion, notifies
the Trustee in writing that it elects to cause the issuance of Definitive
Securities under this Indenture.

          (b) Any Global Security that is transferable to the beneficial owners
thereof pursuant to this Section 2.4 shall be surrendered by the Depository to
the Trustee, to be so transferred, in whole or from time to time in part,
without charge, and the Trustee shall authenticate and deliver, upon such
transfer of each portion of such Global Security, an equal aggregate principal
amount of Definitive Securities of authorized denominations. Definitive
Securities issued in exchange for any portion of a Global Security transferred
pursuant to this Section shall be executed, authenticated and delivered only in
denominations of $1,000 and any integral multiple thereof and registered in such
names as the Depository shall direct.

          (c) The registered Holder of a Global Security may grant proxies and
otherwise authorize any Person, including Agent Members and Persons that may
hold interests through Agent Members, to take any action that a Holder is
entitled to take under this Indenture or the Securities.

          (d) In the event of the occurrence of any of the events specified in
Section 2.4(a)(i) or (ii), the Company will promptly make available to the
Trustee a reasonable supply of Definitive Securities in definitive, fully
registered form without interest coupons.

                                       5
<PAGE>

                                                                    EXHIBIT 1 TO
                                                                      APPENDIX A

                           [FORM OF FACE OF SECURITY]

                           [Global Securities Legend]

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

          TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR'S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE
LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF.

<PAGE>

                      [TO BE ATTACHED TO GLOBAL SECURITIES]

              SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

          The initial principal amount of this Global Security is $[ ]. The
following increases or decreases in this Global Security have been made:

<TABLE>
<CAPTION>
Date of      Amount of decrease     Amount of increase     Principal amount of    Signature of
Exchange     in Principal  Amount   in Principal Amount    this Global Security   authorized signatory
             of this Global         of this Global         following such         of Trustee or
             Security               Security               decrease or increase   Securities Custodian
<S>          <C>                    <C>                    <C>                    <C>
</TABLE>

<PAGE>

                           [FORM OF FACE OF SECURITY]

No.                                                         [up to]* $__________

                            [ ]% Senior Notes due [ ]

                                                                CUSIP No. ______

          James River Coal Company, a Virginia corporation, promises to pay to
[Cede & Co.]*, or registered assigns, the principal sum [of Dollars] [as set
forth on the Schedule of Increases or Decreases annexed hereto]* on [ ], [ ].

          Interest Payment Dates: [ ] and [ ].

          Record Dates: [ ] and [ ].

_________
     * Insert for Global Securities
<PAGE>

          Additional provisions of this Security are set forth on the other side
of this Security.

          IN WITNESS WHEREOF, the parties have caused this instrument to be duly
executed.

                                         JAMES RIVER COAL COMPANY
                                            By
                                              __________________________________
                                              Name:
                                              Title:

                                            By
                                              __________________________________
                                              Name:
                                              Title:

[CORPORATE SEAL]

TRUSTEE'S CERTIFICATE OF...
         AUTHENTICATION

Dated:

U.S. BANK, NATIONAL ASSOCIATION,

         as Trustee, certifies
         that this is one of
         the Securities referred
         to in the Indenture.

by:
         ________________________________
         Authorized Signatory

*/ If the Security is to be issued in global form, add the Global Securities
Legend from Exhibit 1 to Appendix A and the attachment from such Exhibit 1
captioned "TO BE ATTACHED TO GLOBAL SECURITIES - SCHEDULE OF INCREASES OR
DECREASES IN GLOBAL SECURITY".

                                       2
<PAGE>

                       [FORM OF REVERSE SIDE OF SECURITY]

                           [ ]% Senior Notes due 2012

1. Interest.

          James River Coal Company, a Virginia corporation (such corporation,
and its successors and assigns under the Indenture hereinafter referred to,
being herein called the "Company"), promises to pay interest on the principal
amount of this Security at the rate per annum shown above. The Company will pay
interest semiannually on [ ] and [ ] of each year. Interest on the Securities
will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from [ ], 2005. Interest shall be computed on the basis
of a 360-day year of twelve 30-day months. The Company shall pay interest on
overdue principal at the rate borne by the Securities plus 1% per annum, and it
shall pay interest on overdue installments of interest at the rate borne by the
Securities to the extent lawful.

2.  Method of Payment

          The Issuer will pay interest on the Securities (except defaulted
interest) to the Persons who are registered holders of Securities at the close
of business on the [ ] or [ ] next preceding the interest payment date even if
Securities are canceled after the record date and on or before the interest
payment date. Holders must surrender Securities to a Paying Agent to collect
principal payments. The Company will pay principal and interest in money of the
United States of America that at the time of payment is legal tender for payment
of public and private debts. Payments in respect of the Securities represented
by a Global Security (including principal, premium and interest) will be made by
wire transfer of immediately available funds to the accounts specified by The
Depository Trust Company. The Company will make all payments in respect of a
Definitive Security (including principal, premium and interest), by mailing a
check to the registered address of each Holder thereof; provided, however, that
payments on the Securities may also be made, in the case of a Holder of at least
$1,000,000 aggregate principal amount of Securities, by wire transfer to a U.S.
dollar account maintained by the payee with a bank in the United States if such
Holder elects payment by wire transfer by giving written notice to the Trustee
or the Paying Agent to such effect designating such account no later than 30
days immediately preceding the relevant due date for payment (or such other date
as the Trustee may accept in its discretion).

3.  Paying Agent and Registrar

          Initially, U.S. Bank, National Association, a banking association
organized under the laws of the United States of America (the "Trustee"), will
act as Paying Agent and Registrar. The Company may appoint and change any Paying
Agent, Registrar or co-registrar without notice. The Company or any of its
domestically

                                       3
<PAGE>

incorporated Wholly Owned Subsidiaries may act as Paying Agent, Registrar or
co-registrar.

4.  Indenture

          The Issuer issued the Securities under an Indenture dated as of May
[], 2005 (the "Indenture"), among the Company, the Subsidiary Guarantors and the
Trustee. The terms of the Securities include those stated in the Indenture and
those made part of the Indenture by reference to the Trust Indenture Act of 1939
(15 U.S.C. ss.ss. 77aaa-77bbbb) as in effect on the date of the Indenture (the
"TIA"). Terms defined in the Indenture and not defined herein have the meanings
ascribed thereto in the Indenture. The Securities are subject to all such terms,
and Securityholders are referred to the Indenture and the TIA for a statement of
those terms.

          The Securities are senior unsecured obligations of the Issuer. The
Indenture imposes certain limitations on the ability of the Company and its
Restricted Subsidiaries to, among other things, make certain Investments and
other Restricted Payments, pay dividends and other distributions, incur
Indebtedness and issue Preferred Stock, enter into consensual restrictions upon
the payment of certain dividends and distributions by such Restricted
Subsidiaries, issue or sell shares of capital stock of such Restricted
Subsidiaries, enter into or permit certain transactions with Affiliates, create
or incur Liens, make Asset Sales. The Indenture also imposes limitations on the
ability of the Company to consolidate or merge with or into any other Person or
sell, transfer, assign, lease, convey or otherwise dispose of all or
substantially all of the property of the Issuer.

          To guarantee the due and punctual payment of the principal and
interest on the Securities and all other amounts payable by the Issuer under the
Indenture and the Securities when and as the same shall be due and payable,
whether at maturity, by acceleration or otherwise, according to the terms of the
Securities and the Indenture, the Subsidiary Guarantors have jointly and
severally unconditionally guaranteed the Guaranteed Obligations on a senior
basis pursuant to the terms of the Indenture.

5.  Optional Redemption

          Except as set forth below, the Securities may not be redeemable prior
to [ ], 2009. On and after that date, the Company may redeem the Securities in
whole at any time or in part from time to time at the following redemption
prices (expressed in percentages of principal amount), plus accrued and unpaid
interest, if any, to the redemption date (subject to the right of Holders of
record on the relevant record date to receive interest due on the relevant
interest payment date that is on or prior to the date of redemption), if
redeemed during the 12-month period beginning on or after [ ] of the years set
forth below:

                                       4
<PAGE>

<TABLE>
<CAPTION>
                                                                      Redemption
Period                                                                   Price
------                                                                   -----
<S>                                                                    <C>
2009..............................................................       [   ]%
2010..............................................................
2011 and thereafter...............................................
                                                                       100.000%
</TABLE>

          Notwithstanding the foregoing, on or prior to [ ], the Company may
redeem up to 35% of the original aggregate principal amount of the Securities
issued with the net cash proceeds of a Public Equity Offering conducted after
the Closing Date by the Company, at a redemption price equal to [ ]% of the
principal amount thereof, plus accrued and unpaid interest thereon, if any, to
the redemption date (subject to the right of Holders of record on the relevant
record date to receive interest due on the relevant interest payment date that
it on or prior to the date of redemption); provided, however, that after giving
effect to any such redemption, at least 65% of the original aggregate principal
amount of the Securities originally issued on the Closing Date remains
outstanding. Any such redemption shall be made within 60 days of such Public
Equity Offering.

6.  Sinking Fund

          The Securities are not subject to any sinking fund.

7.  Notice of Redemption

          Notice of redemption will be mailed by first-class mail at least 30
days but not more than 60 days before the redemption date to each Holder of
Securities to be redeemed at his or her registered address. Securities in
denominations larger than $1,000 may be redeemed in part but only in whole
multiples of $1,000. If money sufficient to pay the redemption price of and
accrued interest on all Securities (or portions thereof) to be redeemed on the
redemption date is deposited with the Paying Agent on or before the redemption
date and certain other conditions are satisfied, on and after such date interest
ceases to accrue on such Securities (or such portions thereof) called for
redemption.

8. Repurchase of Securities at the Option of Holders upon Change of Control

          Upon a Change of Control, any Holder of Securities will have the
right, subject to certain conditions specified in the Indenture, to cause the
Company to repurchase all or any part of the Securities of such Holder at a
purchase price equal to 101% of the principal amount of the Securities to be
repurchased plus accrued and unpaid interest, if any, to the date of purchase
(subject to the right of Holders of record on the relevant record date to
receive interest due on the relevant interest payment date that is on or prior
to the date of purchase) as provided in, and subject to the terms of, the
Indenture.

                                       5
<PAGE>

9.  Denominations; Transfer; Exchange

          The Securities are in registered form without coupons in denominations
of $1,000 and whole multiples of $1,000. A Holder may transfer or exchange
Securities in accordance with the Indenture. Upon any transfer or exchange, the
Registrar and the Trustee may require a Holder, among other things, to furnish
appropriate endorsements or transfer documents and to pay any taxes required by
law or permitted by the Indenture. The Registrar need not register the transfer
of or exchange any Securities selected for redemption (except, in the case of a
Security to be redeemed in part, the portion of the Security not to be redeemed)
or to transfer or exchange any Securities for a period of 15 days prior to a
selection of Securities to be redeemed or 15 days before an interest payment
date.

10.  Persons Deemed Owners

          The registered Holder of this Security may be treated as the owner of
it for all purposes.

11.  Unclaimed Money

          If money for the payment of principal or interest remains unclaimed
for two years, the Trustee or Paying Agent shall pay the money back to the
Company at its written request unless an abandoned property law designates
another Person. After any such payment, Holders entitled to the money must look
only to the Company and not to the Trustee for payment.

12.  Discharge and Defeasance

          Subject to certain conditions, the Company at any time may terminate
some of or all its obligations under the Securities and the Indenture if the
Company deposits with the Trustee money or U.S. Government Obligations for the
payment of principal and interest on the Securities to redemption or maturity,
as the case may be.

13.  Amendment, Waiver

          Subject to certain exceptions set forth in the Indenture, (i) the
Indenture or the Securities may be amended without prior notice to any
Securityholder but with the written consent of the Holders of at least a
majority in aggregate principal amount of the outstanding Securities and (ii)
any default or noncompliance with any provision may be waived with the written
consent of the Holders of at least a majority in principal amount of the
outstanding Securities. Subject to certain exceptions set forth in the
Indenture, without the consent of any Holder of Securities, the Company, the
Subsidiary Guarantors and the Trustee may amend the Indenture or the Securities
(i) to cure any ambiguity, defect or inconsistency; (ii) to comply with Article
V or Section 4.10 of the Indenture; (iii) to evidence and provide for the
acceptance of appointment by a successor Trustee; (iv) to add a Subsidiary
Guarantor or (v) to make any change that, in the good faith

                                       6
<PAGE>

opinion of the Board of Directors, does not materially and adversely affect the
rights of any Securityholder.

14.  Defaults and Remedies

          If an Event of Default occurs and is continuing, the Trustee or the
Holders of at least 25% in aggregate principal amount of the Securities then
outstanding, subject to certain limitations, may declare all the Securities to
be immediately due and payable. Certain events of bankruptcy or insolvency are
Events of Default and shall result in the Securities being immediately due and
payable upon the occurrence of such Events of Default without any further act of
the Trustee or any Holder.

          Holders of Securities may not enforce the Indenture or the Securities
except as provided in the Indenture. The Trustee may refuse to enforce the
Indenture or the Securities unless it receives reasonable indemnity or security.
Subject to certain limitations, Holders of a majority in aggregate principal
amount of the Securities then outstanding may direct the Trustee in its exercise
of any trust or power under the Indenture. The Holders of a majority in
aggregate principal amount of the Securities then outstanding, by written notice
to the Company and the Trustee, may rescind any declaration of acceleration and
its consequences if the rescission would not conflict with any judgment or
decree, and if all existing Events of Default have been cured or waived except
nonpayment of principal or interest that has become due solely because of the
acceleration.

15.  Trustee Dealings with the Company

          Subject to certain limitations imposed by the TIA, the Trustee under
the Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed
to it by the Company or its Affiliates and may otherwise deal with the Company
or its Affiliates with the same rights it would have if it were not Trustee.

16.  No Recourse Against Others

          A director, officer, employee or stockholder, as such, of the Company
or any Subsidiary Guarantor shall not have any liability for any obligations of
the Company under the Securities or the Indenture or for any claim based on, in
respect of or by reason of such obligations or their creation. By accepting a
Security, each Securityholder waives and releases all such liability. The waiver
and release are part of the consideration for the issue of the Securities.

17.  Authentication

          This Security shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security.

                                       7
<PAGE>

18.  Abbreviations

          Customary abbreviations may be used in the name of a Securityholder or
an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with rights of survivorship and not as
tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

19.  Governing Law

          THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

20.  CUSIP Numbers

          Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused CUSIP numbers to be
printed on the Securities and has directed the Trustee to use CUSIP numbers in
notices of redemption as a convenience to Securityholders. No representation is
made as to the accuracy of such numbers either as printed on the Securities or
as contained in any notice of redemption and reliance may be placed only on the
other identification numbers placed thereon.

          The Company will furnish to any Holder of Securities upon written
request and without charge to the Holder a copy of the Indenture which has in it
the text of this Security.

                                       8
<PAGE>

                                 ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

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

         _______________________________________________________________________
         (Insert assignee's soc. sec. or tax I.D. No.)

and irrevocably appoint __________ agent to transfer this Security on the books
of the Company. The agent may substitute another to act for him.

________________________________________________________________

Date: ________________

Signature: __________________________

________________________________________________________________
(Sign exactly as your name appears on the other side of this Security. Signature
must be guaranteed by a participant in a recognized signature guaranty medallion
program or other signature guarantor acceptable to the Trustee.)

                                       9
<PAGE>

                       OPTION OF HOLDER TO ELECT PURCHASE

          If you want to elect to have this Security purchased by the Company
pursuant to Section 4.07 (Asset Sale) or 4.13 (Change of Control) of the
Indenture, check the box:

                                       /_/

          If you want to elect to have only part of this Security purchased by
the Company pursuant to Section 4.07 or 4.13 of the Indenture, state the amount:

$

Date: __________________ Your Signature: __________________
(Sign exactly as your name appears on the other side of the Security)

Signature Guarantee:_______________________________________
                                    Signature must be guaranteed by a
                                    participant in a recognized signature
                                    guaranty medallion program or other
                                    signature guarantor acceptable to the
                                    Trustee.

                                       10
<PAGE>

                                                                       EXHIBIT A
                         FORM OF SUPPLEMENTAL INDENTURE

                                    SUPPLEMENTAL INDENTURE (this "Supplemental
                           Indenture") dated as of , 2005, among [GUARANTOR]
                           (the "New Subsidiary Guarantor"), a subsidiary of
                           JAMES RIVER COAL COMPANY (or its successor), a
                           Virginia corporation (the "Issuer"), JAMES RIVER COAL
                           COMPANY , on behalf of itself and the Subsidiary
                           Guarantors (the "Existing Subsidiary Guarantors")
                           under the indenture referred to below, and U.S. BANK,
                           NATIONAL ASSOCIATION, a banking association, as
                           trustee under the indenture referred to below (the
                           "Trustee").

                              W I T N E S S E T H :

          WHEREAS the Company and the Existing Subsidiary Guarantors have
heretofore executed and delivered to the Trustee an Indenture (the "Indenture")
dated as of May [ ], 2005 , providing for the issuance of an unlimited amount of
[ ]% Senior Notes due 2012 (the "Securities");

          WHEREAS Section 4.10 of the Indenture provides that under certain
circumstances the Company is required to cause the New Subsidiary Guarantor to
execute and deliver to the Trustee a supplemental indenture pursuant to which
the New Subsidiary Guarantor shall unconditionally guarantee all the Company's
obligations under the Securities pursuant to a Subsidiary Guarantee on the terms
and conditions set forth herein; and

          WHEREAS pursuant to Section 10.06 of the Indenture, the Trustee, the
Company and the Existing Subsidiary Guarantors are authorized to execute and
deliver this Supplemental Indenture;

          NOW THEREFORE, in consideration of the foregoing and for other good
and valuable consideration, the receipt of which is hereby acknowledged, the New
Subsidiary Guarantor, the Company, the Existing Subsidiary Guarantors and the
Trustee mutually covenant and agree for the equal and ratable benefit of the
holders of the Securities as follows:

          1. Agreement to Guarantee. The New Subsidiary Guarantor hereby agrees,
jointly and severally with all other Subsidiary Guarantors, to unconditionally
guarantee the Company's obligations under the Securities on the terms and
subject to the conditions set forth in Article X of the Indenture and to be
bound by all other applicable provisions of the Indenture.

          2. Ratification of Indenture; Supplemental Indentures Part of
Indenture. Except as expressly amended hereby, the Indenture is in all respects
ratified and confirmed and all the terms, conditions and provisions thereof
shall remain in full force

<PAGE>

and effect. This Supplemental Indenture shall form a part of the Indenture for
all purposes, and every holder of Securities heretofore or hereafter
authenticated and delivered shall be bound hereby.

          3. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT
GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

          4. Trustee Makes No Representation. The Trustee makes no
representation as to the validity or sufficiency of this Supplemental Indenture.

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

          6. Effect of Headings. The Section headings herein are for convenience
only and shall not effect the construction thereof.

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

                                         [NEW SUBSIDIARY GUARANTOR],
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

                                         JAMES RIVER COAL COMPANY,
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

                                         [SUBSIDIARY GUARANTORS],
                                           by
                                             ___________________________________
                                             Name:
                                             Title:

<PAGE>

                                         U.S. BANK, NATIONAL
                                         ASSOCIATION, as trustee,
                                           by
                                             ___________________________________
                                             Name:
                                             Title:EXHIBIT 10.4

           THE FARMERS NATIONAL BANK OF EMLENTON EXECUTIVE MANAGEMENT
                              BONUS PLAN (SUMMARY)

The Farmers National Bank of Emlenton Executive Management Plan provides for an
annual bonus to Executive Management employees of the Bank (President, Chief
Lending Officer, Chief Operating Officer, Human Resources Director, and
Controller). Bonuses (based on a percentage of the executive's annual salary)
are based on the Bank achieving a minimum return on average equity ("ROE").
Executives are eligible for varying levels of bonuses in the event the Bank
achieves targeted levels of ROE (entry level, goal and maximum).

The plan is administered by the Human Resources Committee and reviewed annually
by the Committee with any changes being recommended to the full Board of
Directors of the Bank for approval.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]