Document:

ex10_3.htm

    
      

    

    EXHIBIT
10.3

    

     

    EXHIBIT
B

    FORM
OF

    SECOND
SUPPLEMENTAL INDENTURE

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
10.3

    

    

    FORD
MOTOR COMPANY

    

    AND

    

    THE BANK
OF NEW YORK

    

    as
Trustee

    

    

    ______________

    

    SECOND
SUPPLEMENTAL INDENTURE

    

    Dated as
of January 1, 2008

    

    ______________

    

    Creating
a Series of Securities Designated

    5.75%
Senior Convertible Notes due 2013

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    SECOND
SUPPLEMENTAL INDENTURE, dated as of January 1, 2008, between FORD MOTOR COMPANY,
a corporation duly organized and existing under the laws of the State of
Delaware (hereinafter sometimes called the “Company”), and THE BANK OF NEW
YORK (as successor trustee to JPMorgan Chase Bank), a corporation duly organized
and existing under the laws of the State of New York, as trustee (hereinafter
sometimes called the “Trustee”).

    

    RECITALS
OF THE COMPANY

    

    WHEREAS,
the Company and the Trustee have duly executed and delivered an Indenture, dated
as of January 30, 2002 (such indenture is hereinafter called the “Indenture”), providing for the
issuance from time to time of unsecured and senior or subordinated debentures,
notes or other evidences of indebtedness, which may be convertible into or
exchangeable for any securities of any person (including the Company), to be
issued in one or more series by the Company (the “Securities”);

    

    WHEREAS,
pursuant to the terms of the Indenture, the Company desires to provide for the
establishment of a new series of Securities known as its 5.75% Senior
Convertible Notes due 2013 (the “Notes”) to be issued under the
Indenture initially in an aggregate principal amount of up to $3,334,000,000,
which may be authenticated and delivered as provided in the
Indenture;

    

    WHEREAS,
the Company desires to supplement the provisions of the Indenture to provide for
the issuance of the Notes under the terms of the Indenture as supplemented
hereby;

    

    WHEREAS,
Section 9.01 of the Indenture expressly permits the Company and the Trustee to
enter into one or more indentures supplemental thereto for the purpose of
establishing the form or terms of Notes to be issued under the Indenture without
the consent of the Holders of any Outstanding Securities;

    

    WHEREAS,
for the purposes hereinabove recited, and pursuant to due corporate action, the
Company has duly determined to execute and deliver to the Trustee the Second
Supplemental Indenture; and

    

    WHEREAS,
all conditions and requirements necessary to make the Second Supplemental
Indenture a valid, legal and binding instrument in accordance with its terms
have been done and performed, and the execution and delivery hereof have been in
all respects duly authorized.

    

    NOW,
THEREFORE, in consideration of the premises, the Company and the Trustee
mutually covenant and agree as follows:

    
      
         

      

      
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    ARTICLE
ONE

    Definitions

    

    Section
1.01    All
terms contained in the Second Supplemental Indenture shall, except as
specifically provided herein or except as the context may otherwise require,
have the meanings given to such terms in the Indenture.  In the event
of any inconsistency between the Indenture and the Second Supplemental
Indenture, the Second Supplemental Indenture shall govern. The words “herein,”
“hereof,” “hereunder,” and words of similar import shall refer to the Second
Supplemental Indenture.

    

    Section
1.02.   Solely
with respect to the Notes, the following definitions shall be added to Section
1.01 of the Indenture and replace any existing definitions (as applicable) in
the Indenture, each in appropriate alphabetical order. Unless the context
otherwise requires, the following terms shall have the following
meanings:

    

    “Adjustment Event” has the
meaning set forth in Section 6.08 (n) of the Second Supplemental
Indenture.

    

    “Applicable Price” means, in
connection with a Designated Event, (1) if the consideration paid to
holders of Common Stock in connection with such transaction consists exclusively
of Cash, the amount of such Cash per share of Common Stock, and (2) in all
other cases, the average of the Closing Sale Prices of Common Stock for the five
consecutive Trading Days immediately preceding the Effective Date of such
Designated Event.

    

    “Applicable Settlement Value”
means, with respect to shares of Common Stock (as subdivided, combined or
reclassified), the greater of (1) the average of the Closing Sale Prices per
share of such Common Stock for the five consecutive Trading Days immediately
preceding the Purchase Date multiplied by 99% or (2) $5.33 per share of such
Common Stock (subject to adjustment on any date on which the Conversion Rate of
the Notes is adjusted. The adjusted amount shall equal the amount immediately
prior to such adjustment multiplied by a fraction the numerator of which is the
Conversion Rate in effect immediately prior to such adjustment and the
denominator of which is the Conversion Rate immediately following such
adjustment.)  In the case of a Designated Event in which the shares of
Common Stock have been, as of the Effective Date, converted into or exchanged
for the right to receive other securities, the “Applicable Settlement Value” per
security or per other unit shall be calculated as follows:

    

    (i)           for
securities that are traded on a U.S. national securities exchange, the average
of the Closing Sale Prices per security of such securities for the five
consecutive Trading Days immediately preceding the Purchase Date,
or

    

    (ii)           for
other consideration that Holders will have the right to receive, the value per
security or per other unit determined by the Company’s Board of Directors in
good faith.

    

    “Business Day” means any day
other than a Saturday or Sunday or other than a day on which banking
institutions in New York, New York are authorized or obligated by law or
executive order to close.

    
      
         

      

      
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    “Capital Stock” means any and
all shares, interests, participations or other equivalents (however designated)
of capital stock of the Company and all warrants or options to acquire such
capital stock.

    

    “Cash” or “cash” means such coin or
currency of the United States as at any time of payment is legal tender for the
payment of public and private debts.

    

    “Change in Control” means
either of the following:

    

    (i)           more
than 50% of the voting power of the Company’s Voting Stock being held by a
Person or Persons (other than Permitted Holders) who “act as a partnership,
limited partnership, syndicate or other group for the purpose of acquiring,
holding or disposing of securities” of the Company (within the meaning of
Section 13(d)(3) of the Securities Exchange Act of 1934 (the “Exchange Act”));
or

    

    
      (ii)   Continuing
Directors cease to constitute at least a majority of the Company’s Board of
Directors.

    

     

    “Close of Business” means 5:00
p.m. New York City time.

    

    “Closing Sale Price” means, as
of any date, the last reported per share sales price of a share of Common Stock
or any other security on such date (or, if no last sale price is reported, the
average of the bid and ask prices or, if more than one in either case, the
average of the average bid and the average ask prices on such date) as reported
on The New York Stock Exchange, or if the Common Stock or such other security is
not listed on The New York Stock Exchange, as reported by the principal U.S.
national or regional exchange or quotation system on which the Common Stock or
such other security is then listed or quoted; provided, however, that in the absence
of such quotations, the Board of Directors will make a good faith determination
of the Closing Sale Price.

    

    If during
a period applicable for calculating Closing Sale Price, an issuance,
distribution, subdivision, combination or other transaction or event occurs that
requires an adjustment to the Conversion Rate pursuant to Section 6.08 of the
Second Supplemental Indenture, Closing Sale Price shall be calculated for such
period in a manner determined by the Company to appropriately reflect the impact
of such issuance, distribution, subdivision or combination on the price of the
Common Stock during such period.

    

    “Common Stock” means the common
stock, par value $0.01 per share, of the Company, or such other capital stock
into which the Company’s common stock is reclassified or changed.  For
the avoidance of doubt, the term “Common Stock” shall not include the Class B
Stock, par value $0.01 per share, of the Company.

    

    “Continuing Director” means at
any date, an individual (a) who is a member of the Board of Directors of the
Company on the date of the Second Supplemental Indenture, (b) who has been
elected as a member of the Board of Directors with a majority of the total votes
of Permitted Holders that were cast in such election voted in favor of such
member or (c) who has been nominated to be a member of the Board of Directors by
a majority of the other Continuing Directors then in office.

    

    “Conversion Agent” means
initially the Trustee or such other office or agency subsequently designated by
the Company where Notes may be presented for conversion.

    
      
         

      

      
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    “Conversion Date” has the
meaning set forth in Section 6.02(a) of the Second Supplemental
Indenture.

    

    “Conversion Notice” has the
meaning set forth in Section 6.02(a) of the Second Supplemental
Indenture.

    

    “Conversion Obligation” has the
meaning set forth in Section 6.03(a) of the Second Supplemental
Indenture.

    

     “Conversion Price” means at any
time an amount equal to $1,000 principal amount of Notes divided by the then
current Conversion Rate.

    

    “Conversion Rate” has the
meaning set forth in Section 6.01(e) of the Second Supplemental
Indenture.

    

    “Credit Agreement” means that
certain Credit Agreement dated as of December 15, 2006 among the Company, the
Subsidiary Borrowers from time to time parties thereto, the banks and other
financial institutions or other entities from time to time parties thereto (the
"Lenders"), and JPMorgan Chase Bank, N.A., as Administrative Agent for the
Lenders.

    

     “Current Market Price” means
the average of the Closing Sale Prices of the Common Stock for each of the 10
consecutive Trading Days ending on the earlier of the date in question and the
day before the Ex-Date with respect to the issuance or distribution requiring
such computation.

    

    “Designated Event” means any of
the following:

    

    (i)           more
than 50% of the voting power of the Company’s Voting Stock being held by a
Person or Persons (other than Permitted Holders) who “act as a partnership,
limited partnership, syndicate or other group for the purpose of acquiring,
holding or disposing of securities” of the Company (within the meaning of
Section 13(d)(3) of the Exchange Act);

    

    (ii)           more
than 50% of the voting power of the Company’s Voting Stock being held by a
Person or Persons who “act as a partnership, limited partnership, syndicate or
other group for the purpose of acquiring, holding or disposing of securities” of
the Company (within the meaning of Section 13(d)(3) of the Exchange Act), where
such Person or Persons are Permitted Holders, resulting in the Common Stock (or
other securities or property into which the Notes are then convertible) no
longer being listed or approved for trading on The New York Stock Exchange or
listed or approved for trading or quoted on the NASDAQ Global Market or on any
other U.S. national securities exchange or other similar market; or

    

    (iii)           the
Company consolidates or merges with or into another Person (other than a
subsidiary of the Company), or conveys, sells, transfers or leases all or
substantially all of the Company’s assets to another Person (other than a
subsidiary of the Company), or any Person (other than a subsidiary of the
Company) merges into or consolidates with the Company, and the Company’s
outstanding Common Stock is reclassified into, converted for or converted into
the right to receive any property or security, provided that no such
transaction shall constitute a Designated Event if Persons that beneficially own
(as determined in accordance with Rules 13d-3 and 13d-5 under the Exchange Act
or any successor provisions) Common Stock immediately prior to the transaction
beneficially own, directly or indirectly, common stock representing at least a
majority of the voting power of all the common stock of the surviving Person
after the transaction in substantially the same proportion as their voting power
immediately prior to the transaction.

    
      
         

      

      
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    “Determination Date” has the
meaning set forth in Section 6.08 (n) of the Second Supplemental
Indenture.

    

     “Effective Date” has the
meaning set forth in Section 6.07(a) of the Second Supplemental
Indenture.

    

    “Existing Debt Securities”
means the senior unsecured notes of the Company issued pursuant to the Existing
Debt Indentures.

    

    “Existing Debt Indentures”
means collectively, (a) the indenture dated as of February 15, 1992 between the
Company and The Bank of New York, as trustee and (b) the Indenture, as
amended.

    

    “Ex-Date” means, in connection
with any dividend, issuance or distribution, the first date on which the shares
of Common Stock trade on the applicable exchange or in the applicable market,
regular way, without the right to receive such dividend,  issuance or
distribution.

     

    “Ex-distribution trading”
means, in connection with any dividend, issuance or distribution, the first date
on which the shares of Common Stock begin trading on the applicable exchange or
in the applicable market, regular way, without the right to receive such
issuance or distribution.

     

    “Expiration Date” has the
meaning set forth in Section 6.08 (a)(5) of the Second Supplemental
Indenture.

    

    “Expiration Time” has the
meaning set forth in Section 6.08 (a)(5) of the Second Supplemental
Indenture.

    

    “Interest Payment Date” has the
meaning set forth in Section 2.01 (4) of the Second Supplemental
Indenture.

    

    “Legend” has the meaning set
forth in Section 2.03 (a) of the Second Supplemental Indenture.

    

     “Make-Whole Shares” has the
meaning set forth in Section 6.07(a) of the Second Supplemental
Indenture.

    

    “NASDAQ Global Market” means
collectively the NASDAQ Global Select Market and the NASDAQ Global
Market.

    

    “Permitted Holders” means
holders of the Company’s Class B Stock on the date of the Second Supplemental
Indenture and such other holders of such Class B Stock from time to time; provided that any such holder
satisfies the qualification set forth in clauses (i) through (vii) of subsection
2.2 of Article Fourth of the Company’s restated certificate of incorporation as
in effect on the date of the Second Supplemental Indenture.

    
      
         

      

      
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     “Purchase Date” has the meaning
set forth in Section 5.01(a) of the Second Supplemental Indenture.

    

    “Purchased Shares” has the
meaning set forth in Section 6.08 (a)(5) of the Second Supplemental
Indenture.

    

    “Purchase Notice” has the
meaning set forth in Section 5.01(c) of the Second Supplemental
Indenture.

    

    “Purchase Price” has the
meaning set forth in Section 5.01(a) of the Second Supplemental
Indenture.

    

    “Record Date” means, for
purposes of Section 6.08 of the Second Supplemental Indenture, with respect to
(a) any dividend, distribution or other transaction or event in which the
holders of Common Stock have the right to receive any Cash, securities or other
property or in which Common Stock (or other applicable security) is exchanged
for or converted into any combination of Cash, securities or other property, the
date fixed for determination of holders of Common Stock entitled to receive such
Cash, securities or other property (whether such date is fixed by the Board of
Directors or by statute, contract or otherwise) or (b) any subdivision or
combination, the Business Day immediately preceding the effective date of such
subdivision or combination.

    

    “Reference Property” has the
meaning set forth in Section 6.09 of the Second Supplemental
Indenture.

    

    “Regular Record Date” has the
meaning set forth in Section 2.01 (4) of the Second Supplemental
Indenture.

    

    “Securities Act” has the
meaning set forth in Section 2.01 (12)(a) of the Second Supplemental
Indenture.

    

    “Second Supplemental Indenture”
means the Second Supplemental Indenture, dated as of January 1, 2008, to the
Indenture.

    

    “Settlement Agreement” means
the Settlement Agreement, dated March 28, 2008, as amended, supplemented,
replaced or otherwise altered from time to time, between the Company, the
International Union, United Automobile, Aerospace and Agricultural Implement
Workers of America, and certain class representatives, on behalf of the class of
plaintiffs in (1) the class action of Int’l Union, UAW, et al. v. Ford
Motor Company, Civil Action No. 07-14845 (E.D. Mich. filed Nov. 9, 2007)
and/or (2) the class action of Int’l Union, UAW, et al. v. Ford
Motor Company, Civil Action No. 05-74730, (E.D. Mich. July 13, 2006,
aff’d) 497 F.3d 615
(6th Cir. 2007).  

    

    “Trading Day” means (x) if the
applicable security is listed on The New York Stock Exchange, a day on which
trades may be made thereon or (y) if the applicable security is listed or
admitted for trading on the American Stock Exchange, The NASDAQ Global Market or
another national securities exchange or market, a day on which the American
Stock Exchange, The NASDAQ Global Market or such other national securities
exchange or market is open for business or (z) if the applicable security is not
so listed, admitted for trading or quoted, any Business Day.

    
      
         

      

      
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    “Voting Stock” means Capital
Stock having the right to vote for the election of directors under ordinary
circumstances.

    

    Section
1.03.   Applicability. The
provisions contained in the Second Supplemental Indenture shall apply only to
the Notes and not to any other series of Securities issued under the Indenture
and any covenants provided herein are solely for the benefit of the Notes and
not for the benefit of any other series of Securities issued under the
Indenture.

    

    

    ARTICLE
TWO

    GENERAL
TERMS AND CONDITIONS OF THE NOTES

    

    Section
2.01. Terms.

    

    Pursuant
to Section 3.01 of the Indenture, the terms of the Notes shall be as
follows:

    

    (1)           The
Notes shall be senior in rank, and the title of the Notes is “5.75% Senior
Convertible Notes due 2013.”

    

    (2)           The
aggregate principal amount of Notes that may be authenticated and delivered
under the Indenture is initially limited to $3,334,000,000, except for Notes
authenticated and delivered upon registration of transfer of, or exchange for,
or in lieu of, other Notes pursuant to this Second Supplemental
Indenture.

    

    (3)           The
principal amount of the Notes shall be due and payable on January 1,
2013.

    

    (4)           Interest
on the Notes will accrue at the rate of 5.75% per annum, from January 1, 2008
until the principal thereof is paid or made available for
payment.  Interest shall be payable on January 1 and July 1 of each
year (each, an “Interest
Payment Date”), commencing July 1, 2008, to the Persons in whose name the
Notes are registered at the Close of Business on the December 15 or June 15,
whether or not a Business Day, immediately preceding the relevant Interest
Payment Date (each, a “Regular
Record Date”).  Interest on the Notes shall be computed on the
basis of a 360-day year comprised of twelve 30-day months.  If
interest or principal is payable on a day that is not a Business Day, the
Company shall make the payment on the next Business Day, and no interest will
accrue as a result of the delay in payment.

    

    (5)           The
principal of and interest, if any, on the Notes shall be payable at the
Corporate Trust Office of the Trustee.

    

    (6)           Prior
to January 1, 2011, the Notes are not redeemable at the option of the
Company.  Starting on January 1, 2011 and on any Business Day
thereafter, in accordance with the Indenture, including, without limitation,
Article Eleven of the Indenture, and the Second Supplemental Indenture, the
Company may redeem all or any portion of the Notes, for Cash, at once or from
time to time, upon at least 30 and not more than 60 days’ notice, which shall be
an irrevocable notice, at a redemption price equal to (x) 100% of the principal
amount to be redeemed, together with accrued and unpaid interest thereon, up to,
but not including, the Redemption Date (subject to the right of Holders on the
relevant Regular Record Date to receive interest due on the relevant Interest
Payment Date) and (y) the Make-whole Redemption Payment, if any, payable in
accordance with Section 4.02.

    
      
         

      

      
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    (7)           (a)
Subject to the terms and conditions of the Indenture and the Second Supplemental
Indenture, including, without limitation, Article Five of the Second
Supplemental Indenture, Holders shall have the right to require the Company to
repurchase any outstanding Notes for shares of Common Stock (or such other
consideration into which the shares of Common Stock have been converted or
exchanged in connection with such Designated Event) upon a Designated
Event.

    

    (b) Subject to the terms and conditions
of the Indenture and the Second Supplemental Indenture, including, without
limitation, Article Five of the Second Supplemental Indenture, Holders shall
have the right to require the Company to repurchase for Cash any outstanding
Notes upon a Change in Control.

    

    (8)           The
Notes are not entitled to any sinking fund or analogous reserve.

    

    (9)           The
Notes shall be issuable in denominations of $1,000 and integral multiples
thereof.

    

    (10)           The
Securities Registrar, authenticating agent, Conversion Agent and Paying Agent
for the Notes shall initially be the Trustee.

    

    (11)           Payments
of principal and interest on the Notes shall be made in cash.

    

    (12)           (a)           The
Notes will be initially issued in physical definitive form and represented by a
single registered Note substantially in the form attached hereto as Exhibit A,
delivered to Ford – UAW Holdings LLC.  Except as provided below, the
Notes are issuable only in definitive registered form without coupons in
denominations of $1,000 and any integral multiple thereof.  Subject to
certain limitations set forth in this Second Supplemental Indenture, the Notes
are exchangeable for a like aggregate principal amount of Notes of different
authorized denominations as requested by the Holder surrendering the
same.  In the event that a registration statement is filed with the
Commission registering the Securities under the Securities Act of 1933, as
amended (the "Securities Act"), or at any other time selected by the Company,
the Notes in certificated form may be presented to the Trustee by the Holders of
the Notes in exchange for one or more Global Securities in an aggregate
principal amount up to the aggregate principal amount of all outstanding Notes,
to be registered in the name of the Depository, or its nominee, and delivered by
the Trustee to the Depository, or its custodian, for crediting to the accounts
of its participants pursuant to the procedures of the Depository.  The
Company upon any such presentation shall execute a Global Security in such
aggregate principal amount and deliver the same to the Trustee for
authentication and delivery in accordance with the Indenture.

    
      
         

      

      
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    (b)           In
the event that the Notes in definitive registered form have been exchanged for
one or more Global Securities as provided in the preceding paragraph, upon the
occurrence of an event described in Section 2.05(c) of the Indenture, the Holder
of such Global Security shall surrender such Global Security to the Trustee for
cancellation whereupon, in accordance with said Section 2.05(c), the Company
will execute and the Trustee will authenticate and deliver Notes in definitive
registered form without coupons, in denominations of $1,000 and any integral
multiple thereof, and in an aggregate principal amount equal to the aggregate
principal amount of such Global Security in exchange for such Global
Security.

    

    (c)           Notwithstanding
any other provision of the Indenture or this  Second Supplemental
Indenture, so long as the Notes are in the form of Global Securities, the
parties to the Indenture and the Second Supplemental Indenture and the Holders
of such Securities shall be bound at all times by the applicable procedures of
the Depository.

    

    (13)           The
Notes shall be convertible at the option of the Holders in accordance with the
terms and conditions set forth in Article Six of the Second Supplemental
Indenture.

    

    Section 2.02.   The Notes and the Trustee’s
certificate of authentication to be borne by such Notes shall be substantially
in the form set forth in Exhibit A to the Second Supplemental
Indenture.  The terms and provisions contained in the form of Notes
attached as Exhibit A hereto shall constitute, and are hereby expressly made, a
part of the Second Supplemental Indenture and, to the extent applicable, the
Company and the Trustee, by their execution and delivery of the Second
Supplemental Indenture, expressly agree to such terms and provisions and to be
bound thereby.

    

    Section
2.03.  Restrictive
Legends.

    

    (a)           If
Notes are issued upon the transfer, exchange or replacement of Notes subject to
restrictions on transfer and bearing the legends substantially in the form of
that set forth on the form of Note attached hereto as Exhibit A setting forth
such restrictions (collectively, the “Legend”), or if a request is
made to remove the Legend on a Note, the Notes so issued shall bear the Legend,
or the Legend shall not be removed, as the case may be, unless there is
delivered to the Company and the Security Registrar such satisfactory evidence,
which shall include an opinion of counsel, as may be reasonably required by the
Company and the Security Registrar, that neither the Legend nor the restrictions
on transfer set forth therein are required to ensure that transfers thereof
comply with the provisions of Rule 144 under the Securities Act or that such
Notes are not “restricted” within the meaning of Rule 144 under the Securities
Act.   Upon (i) provision of such satisfactory evidence or (ii)
notification by the Company to the Trustee and Security Registrar of the sale of
such Note pursuant to a registration statement that is effective at the time of
such sale, the Trustee, at the written direction of the Company, shall
authenticate and deliver a Note that does not bear the
Legend.   If the Legend is removed from the face of a Note and
the Note is subsequently held by an Affiliate of the Company, the Legend shall
be reinstated.   Any shares of Common Stock issued upon
conversion of Notes that bear the Legend shall bear a restricted legend
substantially identical to the Legend unless otherwise required by applicable
law.

    
      
         

      

      
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    Nothing
in this Second Supplemental Indenture or in the Notes shall prohibit the sale or
other transfer of any Notes (including beneficial interests in the Global
Securities) to the Company or any of its subsidiaries.

    

    (b)           Subject
to the succeeding paragraph, every Note shall be subject to the restrictions on
transfer provided in the Legend including the delivery of a certification or an
opinion of counsel as set forth in the Legend, if so requested by the Company or
the Security Registrar.  Whenever any Security bearing the Legend is
presented or surrendered for registration of transfer or for exchange for a
Security registered in a name other than that of the Holder, such Security must
be accompanied by a certificate in substantially the form set forth in the
Assignment Form in Exhibit A attached hereto, dated the date of such surrender
and signed by the Holder of such Security, as to compliance with such
restrictions on transfer.  The Security Registrar shall not be
required to accept for such registration of transfer or exchange any Security
not so accompanied by a properly completed certificate.

    

    (c)        Beneficial
interests in any Global Security bearing the Legend shall be subject to
restrictions on transfer comparable to those set forth therein to the extent
required by the Securities Act.  Beneficial interests in the Global
Security bearing the Legend may be transferred to persons who take delivery
thereof in the form of a beneficial interest in the Global Securities bearing
the Legend or Global Securities not bearing the Legend in accordance with the
transfer restrictions set forth in the Legend.  To the extent required
to comply with the Securities Act and any applicable procedures of the
Depository, transfers of an interest in the Global Securities bearing the Legend
to Global Securities not bearing the Legend shall be accompanied by a
certificate in substantially the form set forth in the Assignment Form in
Exhibit A attached hereto.

    

    (d)           The
restrictions imposed by the Legend upon the transferability of any Note shall
cease and terminate when such Note has been sold pursuant to an effective
registration statement under the Securities Act or transferred in compliance
with Rule 144 under the Securities Act (or any successor provision thereto) or,
if earlier, upon the expiration of the holding period applicable to sales
thereof under Rule 144 under the Securities Act (or any successor
provision).  Any Note as to which such restrictions on transfer shall
have expired in accordance with their terms or shall have terminated may, upon a
surrender of such Note for exchange to the Security Registrar in accordance with
the provisions of this Section 2.03 (accompanied, in the event that such
restrictions on transfer have terminated by reason of a transfer in compliance
with Rule 144 or any successor provision, by an opinion of counsel having
substantial experience in practice under the Securities Act and otherwise
reasonably acceptable to the Company, addressed to the Company and the Security
Registrar and in form acceptable to the Company, to the effect that the transfer
of such Note has been made in compliance with Rule 144 or such successor
provision), be exchanged for a new Note, of like tenor and aggregate principal
amount, which shall not bear the restrictive Legend.  The Company
shall inform the Trustee of the effective date of any registration statement
registering the Notes under the Securities Act.  The Trustee and the
Security Registrar shall not be liable for any action taken or omitted to be
taken by it in good faith in accordance with the aforementioned opinion of
counsel or registration statement.  This section 2.03(d) shall not
apply to the restrictive legend to be borne by the shares of Common Stock
received upon conversion of the Notes as described in Section 6.01(h) of this
Second Supplemental Indenture.

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    (e)           As
used in the preceding two paragraphs of this Section 2.03, the term “transfer” encompasses any
sale, pledge, transfer, hypothecation or other disposition of any
Note.

    

    

    ARTICLE
THREE

    AMENDMENTS
TO INDENTURE SECTIONS

    

    The
following amendments to the Indenture shall apply only to the Notes and not to
any other series of Securities issued under the Indenture and shall be effective
for so long as any Notes remain Outstanding.  The Indenture is amended
by the Second Supplemental Indenture solely with respect to the Notes, as
follows:

    

    Section
3.01.  Amendments to Article
Five.

    

    (a)           Solely
with respect to the Notes, Section 5.01 of the Indenture shall be amended and
restated in its entirety by inserting the following in lieu
thereof:

    

    “SECTION
5.01.  Events of
Default.  “Event of Default”, wherever used in the Indenture or
the Second Supplemental Indenture with respect to the Notes, shall mean any one
of the following events (whatever the reason for such Event of Default and
whether it shall be voluntary or involuntary or be effected by operation of law
or pursuant to any judgment, decree or order of any court or any order, rule or
regulation of any administrative or governmental body):

    

    (1)           default
in the payment of any interest upon any Note when it becomes due and payable,
and continuance of such default for a period of 30 days; or

    

    (2)           default
in the payment of the principal of (or premium, if any, on), Purchase Price or
Redemption Price of any Note at Maturity, and continuance of such default for
five Business Days; or

    

    (3)           failure
by the Company to provide notice of a Change of Control in accordance with the
terms of Article Five of the Second Supplemental Indenture; or

    

    (4)           default
in the performance, or breach, of any covenant or warranty of the Company in the
Indenture or the Second Supplemental Indenture (other than a covenant or
warranty a default in whose performance or whose breach is elsewhere in this
Section specifically dealt with or which has expressly been included in the
Indenture solely for the benefit of a series of Securities other than the
Notes), and continuance of such default or breach for a period of 90 days
(subject to reduction pursuant to Section 7.03(a) of the Indenture as amended by
the Second Supplemental Indenture if the 15-day period referred to therein has
been extended as provided therein) after there has been given, by registered or
certified mail, to the Company by the Trustee or to the Company and the Trustee
by the Holders of at least 25% in principal amount of the Outstanding Notes a
written notice specifying such default or breach and requiring it to be remedied
and stating that such notice is a “Notice of Default” hereunder;
or

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    (5)           the
entry by a court having jurisdiction in the premises of (A) a decree or order
for relief in respect of the Company in an involuntary case or proceeding under
the National Bankruptcy Act or any other similar Federal or State law or (B) a
decree or order adjudging the Company a bankrupt or insolvent, or approving as
properly filed a petition seeking reorganization, arrangement, adjustment or
composition of or in respect of the Company under any applicable Federal or
State law, or appointing a custodian, receiver, liquidator, assignee, trustee,
sequestrator or other similar official of the Company or of any substantial part
of the property of the Company, or ordering the winding up or liquidation of the
affairs of the Company, and the continuance of any such decree or order for
relief or any such other decree or order unstayed and in effect for a period of
90 consecutive days; or

    

    (6)           the
commencement by the Company of a voluntary case or proceeding under the National
Bankruptcy Act or any other similar Federal or State law or of any other case or
proceeding to be adjudicated a bankrupt or insolvent, or the consent by the
Company to the entry of a decree or order for relief in respect of the Company
in an involuntary case or proceeding under the National Bankruptcy Act or any
other similar Federal or State law or to the commencement of any bankruptcy or
insolvency case or proceeding against the Company, or the filing by the Company
of a petition or answer or consent seeking reorganization or relief under any
applicable Federal or State law, or the consent by the Company to the filing of
such petition or to the appointment of or taking possession by a custodian,
receiver, liquidator, assignee, trustee, sequestrator or similar official of the
Company or of any substantial part of the property of the Company, or the making
by the Company of an assignment for the benefit of creditors, or the admission
by the Company in writing of its inability to pay its debts generally as they
become due; or

    

    (7)           default
in the delivery when due of all shares of Common Stock and any Cash payable upon
conversion with respect to the Notes, which default continues for 15 days;
or

    

    (8)           failure
to comply with the Company’s payment obligations under the Settlement Agreement
for a period of 15 Business Days after the date on which written notice of such
failure, requiring the Company to remedy the same, shall have been given to the
Company by the committee that administers the New VEBA, unless, within such 15
Business Day period, the Company remedies the failure to comply with its payment
obligations under the Settlement Agreement by paying the amount then in default
plus accrued interest on such amount at the rate of 9% per annum; provided that an Event of
Default shall not arise under this clause (8) with respect to any portion of the
principal amount of any Notes  that is held or beneficially owned by
any Person other than the New VEBA. ”

     

    (b)           Solely
with respect to the Notes, Section 5.02 of the Indenture shall be amended and
restated in its entirety by inserting the following in lieu
thereof:

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    “SECTION
5.02.  Acceleration of Maturity;
Rescission and Annulment.  If an Event of Default, other than
pursuant to Section 5.01(5) and (6) of the Indenture, with respect to the Notes
occurs and is continuing, then in every such case the Trustee or the Holders of
not less than 25% in principal amount of the Outstanding Notes of this series
may declare the principal amount of all of the Notes plus accrued and unpaid
interest, if any, on the Notes accrued through the date of such declaration to
be due and payable immediately, by a notice in writing to the Company (and to
the Trustee if given by Holders), and upon any such declaration such principal
amount and accrued interest shall become immediately due and payable. In the
case of Events of Default occurring under Sections 5.01(5) and (6) of the
Indenture, the principal amount of the Notes plus accrued and unpaid interest,
if any, accrued thereon through the occurrence of such event shall automatically
become and be immediately due and payable.

    

    At any
time after such a declaration of acceleration with respect to the Notes has been
made or occurred and before a judgment or decree for payment of the money due
has been obtained by the Trustee as hereinafter in this Article provided, the
Holders of a majority in principal amount of the Outstanding Notes of this
series, by written notice to the Company and the Trustee, may waive all defaults
and rescind and annul such declaration and its consequences if:

    

    (1)           the
Company has paid or deposited with the Trustee a sum sufficient to
pay:

    

    (A)           all
overdue interest on all Notes,

    

    (B)           the
principal of (and premium, if any, on) any Notes which have become due otherwise
than by such declaration of acceleration and interest thereon at the rate or
rates prescribed therefor in the Notes,

    

    (C)           to
the extent that payment of such interest is enforceable under applicable law,
interest upon overdue interest to the date of such payment or deposit at the
rate or rates prescribed therefor in the Notes or, if no such rate or rates are
so prescribed, at the rate borne by the Notes during the period of such default,
and

    

    (D)           all
sums paid or advanced by the Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and
counsel;

    

    and

    

    (2)           all
Events of Default with respect to Notes, other than the non-payment of the
principal of Notes and accrued interest which have become due solely by such
declaration of acceleration, have been cured or waived as provided in Section
5.13 of the Indenture.

    

    No such
waiver or rescission and annulment shall affect any subsequent default or impair
any right consequent thereon.”

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    Section
3.02.   Amendment to Article
Seven.

    

    (a)           Solely
with respect to the Notes, Section 7.03(a) of the Indenture shall be amended and
restated in its entirety by inserting the following text in lieu
thereof:

    

    “(a)           The
Company covenants and agrees to furnish to the Trustee copies of the Company’s
annual reports on Form 10-K (or any successor form) and the Company’s quarterly
reports on Form 10-Q (or any successor form) within 15 days after the Company
shall be required to file the same with the Commission; provided that if the
Company is not required to file such reports with the Commission, then within 15
days after the Company would be required to file these reports with the
Commission if the Company had a security listed on a U.S. national securities
exchange.  Such 15-day period shall automatically be extended to the
earlier of (a) the date that is five days prior to the date of the occurrence of
any event of default (or any comparable term) under any of the Company’s
Existing Debt Securities (other than the Notes) as a result of the Company’s
failure to provide annual or quarterly financial statements to the extent
required under the related indenture and (b) in the case of audited annual
financial statements, within 240 days after the end of the Company’s fiscal
year, and in the case of unaudited quarterly financial statements, within 220
days after the end of the respective quarters for each of the first three
quarterly periods of each fiscal year of the Company.  If the period
for filing any report is automatically extended for 85 or more days as described
above, then the 90 day cure period for the Company’s failure to comply with the
Company’s obligation to file such report shall be reduced to 5 days. If,
however, in connection with an event of default under the Company’s Existing
Debt Securities (other than the Notes), the period for filing such report is
automatically extended for less than 85 days, then the number of days in such
cure period shall be reduced to equal the number by which 90 exceeds the number
of days of such extension.  It is understood and agreed that failure
to comply with Section 314(a) of the TIA (or any successor provision thereto)
shall not constitute a default or breach for purposes of Section 5.01(4) of
the Indenture as amended by the Second Supplemental Indenture and, therefore,
shall not permit Holders of Notes in such case to declare the principal amount
of the Notes to be due and payable immediately pursuant to Section 5.02 of the
Indenture as amended by the Second Supplemental Indenture.”

    

    Section
3.03.   Amendment to Article
Nine.

    

    (a)           Solely
with respect to the Notes, Section 9.01(2) of the Indenture shall be amended and
restated in its entirety by replacing current clause (2) with the following
text:

    

    “(2)           to
add to the covenants of the Company for the benefit of the Holders of Notes or
to surrender any right or power herein conferred upon the Company or to make
other changes which would not adversely affect the interests of the Holders of
the Notes in any material respect; or”

    

    (b)           Solely
with respect to the Notes, Section 9.01 of the Indenture shall be amended by
deleting the period following clause (10) and replacing it with “; or” and
inserting the following:

    

    “(11)  to
comply with the rules of any applicable securities depositary;
or

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     (12)       
to add any guarantor with respect to the Notes.”

    

    (c)           Solely
with respect to the Notes, Section 9.02 of the Indenture shall be amended by
replacing the first paragraph with the following:

    

    “With the
consent of the Holders of not less than a majority in principal amount of the
Outstanding Notes of this series, by Act of said Holders delivered to the
Company and the Trustee, the Company, when authorized by a Board Resolution, and
the Trustee may, from time to time and at any time, enter into an indenture or
indentures supplemental hereto (which shall conform to the provisions of the TIA
as in force at the date of execution thereof) for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
this Indenture or of any supplemental indenture or of modifying in any manner
the rights of the Holders of the Notes; provided, however, that no such
supplemental indenture shall, without the consent of each Holder of Outstanding
Notes affected thereby:

    

    
      	
               
      

            	
              (i)

            	
              change
      the Stated Maturity of the principal of (or premium, if any, on), or any
      installment of principal of or interest, if any, on, any
    Note;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              reduce
      the principal amount or premium, if any, payable at Maturity or upon
      repurchase or redemption of any Note, or reduce the interest rate of any
      Note;

            

    

    

    
      	
               
      

            	
              (iii)

            	
              make
      any change that adversely affects the conversion rights or the Conversion
      Rate of any Note;

            

    

    

    
      	
               
      

            	
              (iv)

            	
              make
      any change that adversely affects the right of a Holder to require the
      Company to repurchase any Note;

            

    

    

    
      	
               
      

            	
              (v)

            	
              impair
      the right of any Holder of Outstanding Notes to convert or receive payment
      of principal and interest with respect to any Note or the right to
      institute suit for the enforcement of any payment with respect to, or
      conversion of, any Note;

            

    

    

    
      	
               
      

            	
              (vi)

            	
              change
      the place or currency of payment of principal or interest in respect of
      any Note;

            

    

    

    
      	
               
      

            	
              (vii)

            	
              change
      the amendment provisions which require each Holder’s consent;
      or

            

    

    

    
      	
               
      

            	
              (viii)

            	
              reduce
      the aforesaid percentage in principal amount of the Notes required for any
      such supplemental indenture.

            

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    ARTICLE
FOUR

    REDEMPTION
AT THE OPTION OF THE COMPANY

    

    Section
4.01.  Redemption at the Option of
the Company.  Prior to January 1, 2011, the Notes are not
redeemable at the option of the Company.  Starting on January 1, 2011
and on any Business Day thereafter, in accordance with the Indenture, including,
without limitation, Article Eleven of the Indenture, and the Second Supplemental
Indenture, the Company may redeem all or any portion of the Notes, for Cash, at
once or from time to time, upon at least 30 and not more than 60 days’ notice,
which shall be an irrevocable notice, at a redemption price equal to 100% of the
principal amount to be redeemed, together with (i) accrued and unpaid interest
thereon, up to, but not including, the Redemption Date (subject to the right of
Holders on the relevant Regular Record Date to receive interest due on the
relevant Interest Payment Date), and (ii) the Make-whole Redemption Payment, if
any, payable in accordance with Section 4.02.

    

    Section
4.02.  Make-Whole Redemption
Payment upon Redemption.  Subject to the terms and conditions
of this Section 4.02, if the Company redeems all or a portion of the Notes, the
Company shall pay to the Holder of such Notes so redeemed the Make-whole
Redemption Payment as described below.  The Make-whole Redemption
Payment shall be an amount in cash equal to the present value, discounted at 9%,
to the Redemption Date of the Remaining Cash Flow Payments (as defined below)
due on the portion of the Notes redeemed.  The "Remaining Cash Flow
Payments" means an amount equal to the excess, if any, of (i) the aggregate of
the interest payments that would have been payable on the portion of the Notes
redeemed (if such portion of the Notes had not been redeemed) to January 1, 2013
over (ii) the aggregate dividend payments (determined based on the annual
dividend rate in effect at the Redemption Date, if any) that would have been
paid during such period from the Redemption Date to January 1, 2013 on the
number of shares of Common Stock into which the portion of the Notes to be
redeemed is convertible at the Conversion Rate in effect on the Redemption
Date.

    

    Notwithstanding
the foregoing, the Company shall not be required to make any Make-whole
Redemption Payment if on the Redemption Date the average of the Closing Sale
Price of Common Stock for the five consecutive Trading Days immediately
preceding but not including such Redemption Date is equal to or greater than the
Measurement Price set forth in the table below (as adjusted as described
below):

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    

    
      	
              Redemption
      Date

            	
              Measurement
      Price

            
	
              January
      1, 2011

            	
              $16.19

            
	
              January
      1, 2012

            	
              $17.17

            
	
              January
      1, 2013

            	
              $18.26

            

    

    

    

    If the
actual Redemption Date is between two Redemption Dates in the table above, then
the applicable Measurement Price for determining whether the Company must make a
Make-whole Redemption Payment shall be determined by a straight-line
interpolation between the Measurement Price set forth for the Redemption Date
referenced above next preceding the actual Redemption Date and the Measurement
Price set forth above for the Redemption Date next succeeding the actual
Redemption Date, based on a 365-day year.

    

    The
Measurement Prices set forth in the table above shall be adjusted as of any date
on which the Conversion Rate of the Notes is adjusted.  The adjusted
Measurement Prices will equal the Measurement Price set forth in the table
multiplied by a fraction, the numerator of which is the Conversion Rate in
effect immediately prior to the adjustment giving rise to the Measurement Price
adjustment and the denominator of which is the Conversion Rate as so
adjusted.

    

    The
Company shall be responsible for making all calculations or determinations
regarding the Make-whole Redemption Payment, including, but not limited to,
whether or not such payment shall be made and the amount of any such
payment.  The Trustee shall have no duty or obligation to calculate,
verify or confirm any of the calculations or determinations made by the Company
under this Article IV.

    

    

    ARTICLE
FIVE

    OFFER
TO REPURCHASE UPON A DESIGNATED EVENT OR CHANGE IN CONTROL

    

    Section
5.01. Offer to
Repurchase Upon a Designated Event or Change in Control.

    

    (a)           If
there shall have occurred a Designated Event or Change in Control, each Holder
shall have the right, at such Holder’s option, to require the Company to
purchase all or any portion of such Holder’s Notes not previously repurchased or
called for redemption in integral multiples of $1,000 principal amount on a date
selected by the Company as specified below (the “Purchase Date”), at a purchase
price equal to 100% of the principal amount of the Notes to be purchased, plus
accrued and unpaid interest to, but not including, the Purchase Date (the “Purchase Price”), subject to
satisfaction by or on behalf of the Holder of the requirements set forth in
Section 5.01(c) of the Second Supplemental Indenture; provided that if the Purchase
Date is after a Regular Record Date and on or prior to the Interest Payment Date
to which it relates, interest accrued to such Interest Payment Date will be paid
to Holders of the Notes as of the preceding Regular Record Date.  With
respect to any event that is a Change in Control, the Company shall pay the
Purchase Price in Cash.  With respect to any Designated Event that is
not a Change in Control, the Company shall pay the Purchase Price in shares of
Common Stock (or such other consideration into which the shares of Common Stock
have been converted or exchanged in connection with such Designated Event) as
provided in Section 5.03(b) of the Second Supplemental Indenture
below.

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    Notwithstanding
the foregoing, Holders will not have the right to require the Company to
repurchase the Notes in connection with a Designated Event or Change in Control,
and the Company shall not be required to deliver a notice of such Designated
Event or Change in Control incidental thereto, if:

    

    (i)           the
Closing Sale Price of Common Stock for any five Trading Days within the period
of ten consecutive Trading Days ending immediately after the later of the Change
in Control or Designated Event or the public announcement thereof, in the case
of an acquisition of Capital Stock or resulting from a change in Continuing
Directors, or the period of ten consecutive Trading Days ending immediately
before the Change in Control or Designated Event, in the case of a merger,
consolidation or asset sale, equals or exceeds 105% of the Conversion Price of
the Notes in effect on each of those five Trading Days; or

    

    (ii)           at
least 90% of the consideration, excluding Cash payments for fractional shares of
Common Stock and Cash payments made pursuant to dissenters’ appraisal rights, in
a transaction otherwise constituting a Change in Control or Designated Event
consists of shares of common stock, depositary receipts or other certificates
representing common equity interests traded on a U.S. national securities
exchange, or will be so traded immediately following such transaction, and as a
result of such transaction the Notes become convertible solely into such
consideration.

    

    (b)           Within
30 days after the occurrence of a Designated Event or Change in Control, the
Company shall mail a written notice of such Designated Event or Change in
Control, as the case may be, by first-class mail to the Trustee and to each
Holder at its address shown in the Security Register (and to beneficial owners
as required by applicable law). The notice shall include a form of Purchase
Notice to be completed by the Holder and shall state:

    

    (i)           briefly,
the events causing, and the effective date of, such Designated Event or Change
in Control, as the case may be, giving rise to the purchase right at the option
of the Holder;

    

    (ii)           the
date by which the Purchase Notice pursuant to this Section 5.01 must be
given;

    

    (iii)           the
Purchase Price, and that the Purchase Price will be paid in Cash, in the case of
a Change in Control, or shares of Common Stock (or such other consideration into
which the shares of Common Stock have been converted or exchanged in connection
with such Designated Event) in the case of a Designated Event that is not a
Change in Control;

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    (iv)           the
Purchase Date, which date shall be the 30th
Business Day after the date of such notice;

    

    (v)           the
name and address of the Paying Agent and the Conversion Agent;

    

    (vi)           the
then-current Conversion Rate and any adjustments thereto;

    

    (vii)           that
Notes with respect to which a Purchase Notice has been given by the Holder may
not be converted pursuant to Article 5 of the Second Supplemental
Indenture;

    

    (viii)         briefly,
the procedures a Holder must follow to exercise its rights under this
Section 5.01;

    

    (ix)           that
Notes must be surrendered to the Paying Agent to collect payment of the Purchase
Price;

    

    (x)           that
the Purchase Price for any Note as to which a Purchase Notice has been duly
given, will be paid on or prior to the first Business Day following the later of
the Purchase Date and the time of surrender of such Note;

    

    (xi)           that,
unless the Company defaults in making payment of such Purchase Price and
interest due, if any, interest on Notes surrendered for purchase will cease to
accrue on and after the Purchase Date; and

    

    (xii)           the
CUSIP number of the Notes, if any.

    

    (c)           A
Holder may exercise its rights specified in Section 5.01(a) of the Second
Supplemental Indenture by delivery of an irrevocable written notice of purchase
(a “Purchase Notice”) to
the Paying Agent at any time prior to the Close of Business on the Purchase
Date, stating:

    

    (i)           the
certificate number of the Note which the Holder will deliver to be purchased, if
Certificated Notes have been issued, or notice compliant with the relevant
Depository procedures if the Notes are not certificated;

    

    (ii)           the
portion of the principal amount of the Note which the Holder will deliver to be
purchased, which portion must be $1,000 or an integral multiple thereof;
and

    

    (iii)           that
such Note shall be purchased pursuant to the terms and conditions specified in
Article 5 of the Second Supplemental Indenture.

    

    The
delivery of such Note to the Paying Agent prior to, on or after the Purchase
Date (together with all necessary endorsements) at the offices of the Paying
Agent shall be a condition to the receipt by the Holder of the Purchase Price
therefor; provided,
however, that such Purchase Price shall be so paid pursuant to this
Section 5.01 only if the Note so delivered to the Paying Agent shall
conform in all respects to the description thereof set forth in the related
Purchase Notice.

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    The
Company shall purchase from the Holder thereof, pursuant to this
Section 5.01, a portion of a Note if the principal amount of such portion
is $1,000 or an integral multiple of $1,000. Provisions of the Indenture and the
Second Supplemental Indenture that apply to the purchase of all of a Note also
apply to the purchase of such portion of such Note.

    

    Any
purchase by the Company contemplated pursuant to the provisions of this
Section 5.01 shall be consummated by the delivery of the consideration to
be received by the Holder on or prior to the first Business Day following the
later of the Purchase Date and the time of delivery of the Note to the Paying
Agent in accordance with this Section 5.01.

    

    The
Paying Agent shall promptly notify the Company of the receipt by it of any
Purchase Notice.

    

    Section 5.02.
Effect of Purchase
Notice. Upon receipt by the Paying Agent of the Purchase Notice specified
in Section 5.01(c) of the Second Supplemental Indenture, the Holder of the
Note in respect of which such Purchase Notice was given shall thereafter be
entitled to receive solely the Purchase Price with respect to such Note. Such
Purchase Price shall be paid to such Holder, subject to receipt of funds by the
Paying Agent, on or prior to the first Business Day following the later of
(x) the Purchase Date with respect to such Note (provided the conditions in
Section 5.01(c) of the Second Supplemental Indenture have been satisfied)
and (y) the time of delivery of such Note to the Paying Agent by the Holder
thereof in the manner required by Section 5.01(c) of the Second
Supplemental Indenture. Notes in respect of which a Purchase Notice has been
given by the Holder thereof may not be converted pursuant to Article 5 of
the Second Supplemental Indenture on or after the date of the delivery of such
Purchase Notice.

    

    Section 5.03.
Deposit of Purchase
Price. (a) Prior to 11:00 a.m. (New York City time) on or prior to the
first Business Day following the Purchase Date in connection with a Change in
Control, the Company shall deposit with the Trustee or with the Paying Agent
(or, if the Company or a Subsidiary or an Affiliate of either of them is acting
as the Paying Agent, shall segregate and hold in trust as provided in Section
10.03 of the Indenture) an amount of money (in immediately available funds if
deposited on such Business Day) sufficient to pay the aggregate Purchase Price
of all the Notes or portions thereof which are to be purchased as of the
Purchase Date.

    

    If the
Trustee or the Paying Agent holds money sufficient to pay the Purchase Price of
a Note on the first Business Day following the Purchase Date in accordance with
the terms hereof, then, immediately after the Purchase Date, the Note to be
repurchased will cease to be outstanding, interest on such Note will cease to
accrue, whether or not the Note is delivered to the Trustee or the Paying Agent,
and all other rights of the Holder shall terminate, other than the right to
receive the Purchase Price upon delivery of the Note.

    

    (b)           Prior
to 11:00 a.m. (New York City time) on or prior to the first Business Day
following the Purchase Date in connection with a Designated Event that is not a
Change in Control, the Company shall deposit with the Trustee or with the Paying
Agent a number of shares of Common Stock (or other consideration into which the
shares of Common Stock have been converted in connection with the Designated
Event) calculated in accordance with the formula set forth below sufficient to
pay the aggregate Purchase Price of all the Notes or portions thereof which are
to be purchased as of the Purchase Date.  In the event that holders of
Common Stock have the opportunity to elect the form of consideration to be
received in the transaction constituting a Designated Event, the type and amount
of consideration that Holders of Notes will receive upon purchase will be deemed
to be the weighted average of the type and amount of consideration received by
holders of Common Stock as a result of such transaction.

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    The
number of shares of Common Stock (or amount of other consideration) to be
delivered upon purchase in connection with such a Designated Event shall be
determined as follows:

    

    
      	 
      	
              Purchase
      Price

            	 
      
	
              Applicable
      Settlement Value

            

    

    

    

    The
Company will not issue fractional shares of Common Stock (or transfer any
fractional interests in any other consideration).  The Company shall
pay cash for all fractional shares of Common Stock (or fractional interests in
any other consideration) (calculated on an aggregate basis for Notes delivered
for purchase by any Holder) based on the Applicable Settlement
Value.

    

    All
shares of Common Stock that may be issued upon purchase of Notes shall upon
issuance be fully paid and nonassessable by the Company and free from all taxes,
liens and charges with respect to the issue thereof.

    

    If the
Trustee or the Paying Agent holds shares of Common Stock (or other
consideration) sufficient to pay the Purchase Price of a Note on the first
Business Day following the Purchase Date in accordance with the terms hereof,
then, immediately after the Purchase Date, the Note to be repurchased will cease
to be outstanding, interest on such Note will cease to accrue, whether or not
the Note is delivered to the Trustee or the Paying Agent, and all other rights
of the Holder shall terminate, other than the right to receive the Purchase
Price upon delivery of the Note.

    

    Section 5.04.
Notes Purchased In
Part. Any Note which is to be purchased only in part shall be surrendered
at the office of the Paying Agent (with, if the Company or the Trustee so
requires, due endorsement by, or a written instrument of transfer in form
satisfactory to the Company and the Trustee duly executed by, the Holder thereof
or such Holder’s attorney duly authorized in writing) and the Company shall
execute and the Trustee shall authenticate and deliver to the Holder of such
Note, without service charge, a new Note or Notes, of any authorized
denomination as requested by such Holder in aggregate principal amount equal to,
and in exchange for, the portion of the principal amount of the Note so
surrendered that is not purchased.

    

    Section 5.05.
Covenant To Comply
With Securities Laws Upon Repurchase of Notes. When complying with the
provisions of this Article Five, and subject to any exemptions available under
applicable law, the Company shall:

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    (a)           comply
in all material respects with the applicable provisions of Rule 13e-4 and
Rule 14e-1 (or any successor provision and any other issuer tender offer
rules) under the Exchange Act, as then applicable;

    

    (b)           
file the related Schedule TO (or any applicable successor schedule, form or
report) if then required, or any other then required schedule, form or report,
under the Exchange Act; and

    

    (c)           otherwise
comply with all federal and state securities laws.

    

    To the
extent that the provisions of any securities laws or regulations conflict with
the provisions of Article Five of the Second Supplemental Indenture, the
Company’s compliance with such laws and regulations shall not in and of itself
cause a breach of its obligations under Article Five of the Second Supplemental
Indenture.

    

    Section 5.06.
Repayment to the
Company. The Trustee and the Paying Agent shall return to the Company any
cash or other property that remains unclaimed for two years, subject to
applicable unclaimed property law, together with interest, if any, thereon held
by them for the payment of the Purchase Price; provided however, that to the
extent that the aggregate amount of cash or other property deposited by the
Company pursuant to Section 5.03 of the Second Supplemental Indenture exceeds
the aggregate Purchase Price of the Notes or portions thereof which the Company
is obligated to purchase as of the Purchase Date, then on the Business Day
following the Purchase Date, the Trustee or Paying Agent, as applicable, shall
return any such excess to the Company. Thereafter, any Holder entitled to
payment must look to the Company for payment as general creditors, unless an
applicable abandoned property law designates another Person.

    

    

    ARTICLE
SIX

    CONVERSION
OF SECURITIES

    

    Section
6.01. Right to
Convert.

    

    (a)           Subject
to and upon compliance with the provisions of the Second Supplemental Indenture,
a Holder shall have the right, at any time and from time to time, to convert any
Note or any portion of the principal amount thereof which is an integral
multiple of $1,000, into duly authorized, fully paid and nonassessable shares of
Common Stock, at the Conversion Rate in effect at the time of conversion at any
time prior to the Close of Business on the Trading Day immediately preceding the
Stated Maturity of the Notes, subject to prior redemption or repurchase of the
Notes.   Except as provided in clause (b) below, upon any such
conversion by a Holder, the Company shall pay to the Holder all accrued and
unpaid interest to the date of conversion in cash.

    

    (b)           Upon
conversion of a Note during the period from the Close of Business on any Regular
Record Date immediately preceding any Interest Payment Date to the Close of
Business on the Business Day immediately preceding such Interest Payment Date,
the Holder on such Regular Record Date shall receive the interest payable on
such Interest Payment Date with respect to the principal amount of the Notes or
portions thereof being surrendered for conversion  on such Interest
Payment Date rather than upon surrender of the Notes or portions
thereof.

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

    (c)           In
the event any Notes are called for redemption in accordance with Article IV, a
Holder may not convert such Notes at any time after the Close of Business on the
second Business Day immediately preceding the Redemption Date fixed for
redemption of such Notes or any portion thereof.

    

    (d)           Subject
to Sections 6.02, 6.03 and 6.04 of the Second Supplemental Indenture, each Note
shall be convertible at the office of the Conversion Agent accompanied by a duly
signed and completed Conversion Notice.

    

    (e)           The
rate at which shares of Common Stock shall be delivered upon conversion (the
“Conversion Rate”) shall
be initially 108.6956 shares of Common Stock for each $1,000 principal amount of
Notes (equivalent to an initial conversion price of $9.20 per share of Common
Stock), subject to adjustment, in certain circumstances, as provided in Section
6.08 of the Second Supplemental Indenture, and further subject to increase in
certain circumstances, as provided in Section 6.07 of the Second Supplemental
Indenture.

    

    (f)           A
Note in respect of which a Holder has delivered a Purchase Notice exercising the
option of such Holder to require the Company to purchase such Note shall not be
converted.

    

    (g)           If
a Holder delivers a Conversion Notice to the Conversion Agent after the Company
has delivered its irrevocable notice of redemption pursuant to Section 4.01 of
this Second Supplemental Indenture, the Company shall pay to the Holder the
amount provided for in Section 6.01(e), together with accrued and unpaid
interest on the Notes, and the Make-whole Redemption Payment, if any, with
respect to the Notes subject to the Conversion Notice payable in accordance with
Section 4.02 of this Second Supplemental Indenture.

    

    (h)           The
shares of Common Stock received upon conversion of the Notes shall bear a
restrictive legend indicating that such shares may not be sold or otherwise
transferred prior to October 1, 2012 except under one of the following
circumstances: (1) the Company provides an irrevocable notice of redemption
pursuant to Section 4.01 of this Second Supplemental Indenture or
(2) in any calendar quarter, the Closing Sale Price of the Common
Stock is greater than 120% of the then current Conversion Price (initially
$11.04 per share) for at least 20 Trading Days in the 30 consecutive
Trading Days ending on the last Trading Day of the preceding calendar
quarter.

    

    Section
6.02. Conversion
Procedures.

    

    (a)           To
convert a Note that is represented by a Certificated Note, a Holder must (1)
complete and manually sign the Notice of Conversion or a facsimile of the Notice
of Conversion on the back of the Note in substantially the form set forth in
Exhibit A attached hereto (the “Conversion Notice”) and
deliver such Conversion Notice to the Conversion Agent, (2) surrender the Note
to the Conversion Agent, (3) if required by the Conversion Agent, furnish
appropriate endorsement and transfer documents, and (4) if required, pay all
transfer or similar taxes.  To convert a Note represented by a Global
Note, a Holder must convert by book-entry transfer to the Conversion Agent
through the facilities of the Depository and otherwise comply with the
provisions of clauses (3) and (4) above, if applicable.  The date on
which the Holder satisfies all of the requirements is the “Conversion
Date.”

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

    (b)           No
payment or adjustment shall be made for dividends on, or other distributions
with respect to, any Common Stock except as provided in this Article
6.

    

    (c)           If
a Holder converts more than one Note at the same time, the number of shares of
Common Stock issuable upon the conversion shall be based on the aggregate
principal amount of Notes converted.

    

    (d)           Upon
surrender of a Note that is converted in part, the Company shall execute, and
the Trustee shall authenticate and deliver to the Holder, a new Note equal in
principal amount to the principal amount of the unconverted portion of the Notes
surrendered without charge to such Holder unless the new Notes are to be
registered in a name other than that in which the Notes were originally
registered.

     

    (e)           If
the last day on which a Note may be converted is not a Business Day, the Note
may be surrendered for conversion on the next succeeding day that is a Business
Day.

    

    (f)           The
Company has initially appointed the Trustee as Conversion Agent.  The
Company may terminate the appointment of any Conversion Agent or appoint
additional or other Conversion Agents.  Notice of any termination or
appointment and of any change in the office through which any Conversion Agent
will act shall be given in accordance with Section 17.03 of the
Indenture.

    

    Section
6.03. Settlement upon
Conversion.

    

    (a)           The
Company shall satisfy its obligation to deliver shares of Common Stock at the
Conversion Rate upon a conversion (the "Conversion Obligation") by delivery of a
number of shares equal to (A) the aggregate principal amount of the Notes to be
converted divided by $1,000, multiplied by (B) the then applicable Conversion
Rate, plus cash for any fractional shares pursuant to Section 6.04 of the Second
Supplemental Indenture

    

     (b)           The
Company shall settle its Conversion Obligations as soon as practicable after
delivery of the Conversion Notice to the Conversion Agent.

    

    Section
6.04.  Fractional
Shares.  The Company shall not issue a fractional share of
Common Stock upon conversion of a Note.  The Company shall pay cash
for all fractional shares of Common Stock (calculated on an aggregate basis for
the Notes surrendered by a Holder for conversion) equal to such fraction
multiplied by the Closing Sale Price of the Common Stock on the Trading Day
immediately preceding the Conversion Date.

    

    Section
6.05.  Taxes
on Conversion.  If a Holder converts a Note, the Company shall
pay any taxes or duties relating to the issue or delivery of Common Stock upon
conversion of the Note.  However, the Holder shall pay any such tax
which is due because the Holder requests the shares to be issued in a name other
than the Holder’s name.  The Conversion Agent may refuse to deliver
the certificates representing the Common Stock being issued in a name other than
the Holder’s name until the Conversion Agent receives a sum sufficient to pay
any tax which will be due because the Common Stock is to be delivered in a name
other than the Holder’s name.  Nothing herein shall preclude any tax
withholding required by law or regulations.

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

    Section
6.06. Reservation of
Shares, Shares to be Fully Paid; Listing of Common Stock.

    

    (a)           The
Company shall provide, free from preemptive rights, out of its authorized but
unissued shares or shares held in treasury, sufficient shares of Common Stock to
provide for the conversion of the Notes from time to time as such Notes are
presented for conversion.

    

    (b)           All
shares of Common Stock that may be issued upon conversion of Notes shall upon
issuance be validly issued, fully paid and nonassessable by the Company and free
from all taxes, liens, charges and encumbrances of any kind with respect to the
issue thereof.

    

    (c)           The
Company shall, if at any time the Common Stock shall be listed on the New York
Stock Exchange or any other national securities exchange or automated quotation
system, if permitted by the rules of such exchange or automated quotation
system, list and keep listed, so long as the Common Stock shall be so listed on
such exchange or automated quotation system, all Common Stock issuable upon
conversion of the Notes; provided, however, that, if
the rules of such exchange or automated quotation system permit the Company to
defer the listing of such Common Stock until the first conversion of the Notes
into Common Stock in accordance with the provisions of the Second Supplemental
Indenture, the Company covenants to list such Common Stock issuable upon
conversion of the Notes in accordance with the requirements of such exchange or
automated quotation system at such time.

    

    (d)           As
soon as reasonably practicable after taking any action which causes an
adjustment increasing the Conversion Rate to an amount that would cause the
Conversion Price to be reduced below the then par value, if any, of the shares
of Common Stock issuable upon conversion of the Notes, the Company will take all
corporate action which may, in the opinion of its counsel, be necessary in order
that the Company may validly and legally issue shares of such Common Stock at
such adjusted Conversion Rate.

    

    Section
6.07. Adjustment to
the Conversion Rate upon a Designated Event.

    

    (a)           Subject
to the terms and conditions of this Section 6.07, if a Designated Event occurs
on or prior to January 1, 2011, and a Holder elects to convert its Notes in
connection with such Designated Event, the Company shall increase the Conversion
Rate for the Notes surrendered for conversion by a number of additional shares
of Common Stock (the “Make-Whole Shares”), as
described in this Section 6.07.  A conversion of Notes shall be deemed
for the purposes of this Section 6.07 to be “in connection with” a Designated
Event if such Notes are surrendered for conversion during the period commencing
on the effective date of such transaction (the “Effective Date”) and ending on
the Purchase Date in connection with such transaction, if applicable or, if
there is no Purchase Date, ending on the 30th day following the Effective Date
of such transaction.

    

    If the
Company fails to notify Holders as required by Section 5.01 of the Effective
Date of any Designated Event within 15 calendar days of such Effective Date, the
period during which Holders may surrender their Notes for conversion and receive
the relevant Make-Whole Shares will be extended by the number of days that such
notification is delayed or not otherwise provided to Holders beyond the
specified notice deadline.

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

    Notwithstanding
the foregoing, no increase in the Conversion Rate shall be made in the case of
any Designated Event if at least 90% of the consideration, excluding cash
payments for fractional shares of Common Stock and cash payments made pursuant
to dissenters’ appraisal rights, in a transaction otherwise constituting a
Designated Event consists of shares of common stock, depositary receipts or
other certificates representing common equity interests traded on a U.S.
national securities exchange, or will be so traded immediately following such
transaction, and as a result of such transaction the Notes become convertible
solely into such consideration.

    

    (b)           The
Company shall mail a notice to Holders and issue a press release through Dow
Jones & Company, Inc. or Bloomberg Business News or other similarly broad
public medium that is customary for such press releases no later than 20 days
prior to the anticipated Effective Date for such Designated Event. The failure
to deliver such notice or issue such press release shall not affect the validity
of such transaction.

    

    (c)           The
number of Make-Whole Shares shall be determined by reference to the table below
in (d)(ii) of this Section and shall be based on the Effective Date and the
Applicable Price in connection with such Designated Event.

    

    (d)           (i)
The stock prices set forth in the first row of the table below (i.e., the column
headers), shall be adjusted as of any date on which the Conversion Rate of the
Notes is adjusted.  The adjusted stock prices will equal the
Applicable Prices in effect immediately prior to such adjustment multiplied by a
fraction, the numerator of which is the Conversion Rate in effect immediately
prior to the adjustment giving rise to the Applicable Price adjustment and the
denominator of which is the Conversion Rate as so adjusted.  The
number of Make-Whole Shares will be subject to adjustment in the same manner as
the Conversion Rate as set forth under Section 6.09 of the Second Supplemental
Indenture.

    

    (ii) The
following table sets forth the number of Make-Whole Shares to be added to the
Conversion Rate per $1,000 principal amount of Notes:

     

    
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              Effective
      Date

            	 	 	$
      8.00	 	 	 	$
      9.00	 	 	 	$
      10.00	 	 	 	$
      12.00	 	 	 	$
      14.00	 	 	 	$
      16.00	 	 	 	$
      18.00	 	 	 	$
      20.00	 	 	 	$
      25.00	 	 	 	$
      30.00	 	 	 	$
      40.00	 
	
              January
      1, 2008

            	 	 	16.3044	 	 	 	16.3044	 	 	 	16.3044	 	 	 	16.3044	 	 	 	16.3044	 	 	 	14.3518	 	 	 	12.2109	 	 	 	10.5973	 	 	 	7.8771	 	 	 	6.1171	 	 	 	3.6419	 
	
              January
      1, 2009

            	 	 	16.3044	 	 	 	16.3044	 	 	 	16.3044	 	 	 	16.3044	 	 	 	14.8834	 	 	 	12.1977	 	 	 	10.3050	 	 	 	8.9062	 	 	 	6.6171	 	 	 	5.2258	 	 	 	3.5945	 
	
              January
      1, 2010

            	 	 	16.3044	 	 	 	16.3044	 	 	 	16.3044	 	 	 	15.5399	 	 	 	11.9294	 	 	 	9.6354	 	 	 	8.0755	 	 	 	6.9529	 	 	 	5.1626	 	 	 	4.0916	 	 	 	2.8352	 
	
              January
      1, 2011

            	 	 	16.3044	 	 	 	16.3044	 	 	 	16.3044	 	 	 	11.5398	 	 	 	8.4967	 	 	 	6.7157	 	 	 	5.5785	 	 	 	4.7942	 	 	 	3.5819	 	 	 	2.8612	 	 	 	2.0031	 
	
              January
      1, 2012

            	 	 	16.3044	 	 	 	16.0038	 	 	 	11.2909	 	 	 	6.4155	 	 	 	4.3522	 	 	 	3.3647	 	 	 	2.8088	 	 	 	2.4439	 	 	 	1.8723	 	 	 	1.5135	 	 	 	1.0697	 
	
              January
      1, 2013

            	 	 	16.3044	 	 	 	2.4155	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 

    

     

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

    (e)           If
the exact Applicable Price and Effective Date are not set forth in the table
above, then:

    

    (i)           if
the actual Applicable Price is between two Applicable Prices in the table or the
Effective Date is between two Effective Dates in the table, the Make-Whole
Shares issued upon conversion of the Notes shall be determined by a
straight-line interpolation between the number of Make-Whole Shares set forth
for the higher and lower Applicable Prices and/or the earlier and later
Effective Dates in the table, based on a 365-day year, as
applicable;

    

    (ii)           if
the actual Applicable Price is equal to or in excess of $40.00 per
share,  subject to adjustment as set forth in Section 6.07(d)(i) of
the Second Supplemental Indenture, no Make-Whole Shares shall be issued upon
conversion of the Notes; and

    

    (iii)           if
the Applicable Price is equal to or less than $8.00 per share, subject to
adjustment as set forth in Section 6.07(d)(i) of the Second Supplemental
Indenture, no Make-Whole Shares shall be issued upon conversion of the
Notes.

    

    (f)           Notwithstanding
the foregoing, in no event shall the Company increase the Conversion Rate if the
increase shall cause the Conversion Rate to exceed 125.0000 shares per $1,000
principal amount of Notes, subject to adjustment in the same manner as the
Conversion Rate as set forth in Section 6.08(a)(1) through (a)(4) of the Second
Supplemental Indenture.

    

    Section
6.08. Conversion Rate
Adjustments.

     

    (a)           The
Conversion Rate shall be adjusted for the following events:

    

    (1)           The
issuance of Common Stock as a dividend or distribution to all holders of Common
Stock, or a subdivision or combination of Common Stock, in which event the
Conversion Rate will be adjusted based on the following formula:

    

    

    
      	
              CR1

            	
              =

            	
              CR0

            	
              x

            	
              OS1

            
	
              OS0

            

    

    where,

    

    
      	
               
      

            	
              CR0

            	
              =

            	
              the
      Conversion Rate in effect at the Close of Business on the Record
      Date

            

    

    
      	
               
      

            	
              CR1

            	
              =

            	
              the
      Conversion Rate in effect immediately after the Record
  Date

            

    

    
      	
               
      

            	
              OS0

            	
              =

            	
              the
      number of shares of Common Stock outstanding at the Close of
      Business  on the Record
Date

            

    

    
      	
               
      

            	
              OS1

            	
              =

            	
              the
      number of shares of Common Stock that would be outstanding immediately
      after, and solely as a result of, such
event

            

    

    

    Such adjustment shall become effective
immediately after the Record Date. If any dividend or distribution or
subdivision or combination of the type described in this Section 6.08(a)(1) is
declared but not so paid or made, the Conversion Rate shall again be adjusted to
the Conversion Rate that would then be in effect if such dividend or
distribution or subdivision or combination had not been
declared.

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

    (2)           The
issuance to all holders of Common Stock of rights or warrants entitling them for
a period expiring 60 days or less from the date of issuance of such rights or
warrants to purchase shares of Common Stock (or securities convertible into
Common Stock) at less than (or having a conversion price per share less than)
the Current Market Price of Common Stock, in which event the Conversion Rate
will be adjusted based on the following formula:

     

    
      	
              CR1

            	
              =

            	
              CR0

            	
              x

            	
              OS0+X

            
	
              OS0+Y

            

    

    where,

    

    
      	
               
      

            	
              CR0

            	
              =

            	
              the
      Conversion Rate in effect at the Close of Business on the Record
      Date

            

    

    
      	
               
      

            	
              CR1

            	
              =

            	
              the
      Conversion Rate in effect immediately after the Record
  Date

            

    

    
      	
               
      

            	
              OS0

            	
              =

            	
              the
      number of shares of Common Stock outstanding at the Close of Business on
      the Record Date

            

    

    
      	
               
      

            	
              X

            	
              =         
      

            	
              the
      total number of shares of Common Stock issuable pursuant to such rights or
      warrants

            

    

    
      
        	
                 
      

              	
                Y

              	
                =

              	
                the
      aggregate price payable to exercise such rights or warrants divided by the
      average of the Closing Sale Prices of Common Stock for the ten consecutive
      Trading Days prior to the Business Day immediately preceding the first
      date on which the shares of Common Stock trade on the applicable exchange
      or in the applicable market, regular way, without the right to receive
      such rights or warrants

              

      

    

    

    Such
adjustment shall become effective immediately after the Record Date for such
distribution.  In the event that such rights or warrants are not so
distributed, the Conversion Rate shall again be adjusted to be the Conversion
Rate that would then be in effect if the Record Date for such distribution had
not occurred.  To the extent that such rights or warrants are not
exercised prior to their expiration or shares of Common Stock are otherwise not
delivered pursuant to such rights or warrants upon the expiration or termination
of such rights or warrants, the Conversion Rate shall be readjusted to the
Conversion Rate that would then be in effect had the adjustments made upon the
issuance of such rights or warrants been made on the basis of the delivery of
only the number of shares of Common Stock actually delivered.  In
determining the aggregate price payable for such shares of Common Stock, there
shall be taken into account any consideration received for such rights or
warrants and the value of such consideration if other than Cash, to be
determined in good faith by the Board of Directors.

    

    (3)           The
dividend or other distribution to all holders of Common Stock of shares of the
Company’s Capital Stock (other than Common Stock) or evidences of the Company’s
indebtedness, rights or warrants to purchase the Company’s securities, or the
Company’s assets (excluding any dividend, distribution or issuance covered by
clauses (1) or (2) above or (4) or (5) below), in which event the Conversion
Rate will be adjusted based on the following formula:

    
      
         

      

      
        28

        
          

        

      

      
         

      

    

    

    
      	
              CR1

            	
              =

            	
              CR0

            	
              x

            	
              SP0

            
	
              SP0-FMV

            

    

    where,

    

    
      	
               
      

            	
              CR0

            	
              =

            	
              the
      Conversion Rate in effect at the Close of Business on the Record
      Date

            

    

    
      	
               
      

            	
              CR1

            	
              =

            	
              the
      Conversion Rate in effect immediately after the Record
  Date

            

    

    
      	
               
      

            	
              SP0

            	
              =

            	
              the
      Current Market Price

            

    

    
      	
               
      

            	
              FMV

            	
              =

            	
              the
      fair market value (as determined in good faith by the Board of Directors),
      on the Record Date, of the shares of Capital Stock, evidences of
      indebtedness or assets so distributed, expressed as an amount per share of
      Common Stock

            

    

    

    If the
transaction that gives rise to an adjustment pursuant to this clause (3) is,
however, one pursuant to which the payment of a dividend or other distribution
on Common Stock consists of shares of capital stock of, or similar equity
interests in, a subsidiary of the Company or other business unit of the Company
(i.e., a spin-off) that
are, or, when issued, will be, traded or quoted on The New York Stock Exchange
or any other national or regional securities exchange or market, then the
Conversion Rate will instead be adjusted based on the following
formula:

     

    
      	
              CR1

            	
              =

            	
              CR0

            	
              x

            	
              FMV0 +
      MP0

            
	
              MP0

            

    

    where,

    

    
      	
               
      

            	
              CR0

            	
              =

            	
              the
      Conversion Rate in effect at the Close of Business on the Record
      Date

            

    

    
      	
               
      

            	
              CR1

            	
              =

            	
              the
      Conversion Rate in effect immediately after the Record
  Date

            

    

    
      	
               
      

            	
              FMV0

            	
              =

            	
              the
      average of the Closing Sale Prices of the Capital Stock or similar equity
      interests distributed to holders of Common Stock applicable to one share
      of Common Stock over the 10 consecutive Trading Days commencing on and
      including the third Trading Day after the date on which Ex-distribution
      trading commences with respect to such dividend or distribution on
      The  New York Stock Exchange or such other national or regional
      securities exchange or  market on which the Common Stock is then
      listed or quoted

            

    

    
      	
               
      

            	
              MP0

            	
              =

            	
              the
      average of the Closing Sale Prices of Common Stock over the
      10  consecutive Trading Days commencing on and including the
      third Trading Day after the date on which Ex-distribution trading
      commences with respect to such dividend or distribution on The New York
      Stock Exchange or such other national or regional securities exchange
      Ex-distribution trading or market on which Common Stock is  then
      listed or quoted

            

    

    

    Such
increase shall become effective immediately after the Record Date for such
dividend or distribution. In the event that such dividend or distribution is not
so made, the Conversion Rate shall again be adjusted to be the Conversion Rate
which would then be in effect if such distribution had not been
declared.

    

    (4)           Dividends
or other distributions consisting exclusively of cash to all holders of Common
Stock, in which event the Conversion Rate will be adjusted based on the
following formula:

    
      
         

      

      
        29

        
          

        

      

      
         

      

    

    

    
      	
              CR1

            	
              =

            	
              CR0

            	
              x

            	
              SP0

            
	
              SP0 -
      C

            

    

    where,

    

    
      	
               
      

            	
              CR0

            	
              =

            	
              the
      Conversion Rate in effect at the Close of Business on the Record
      Date

            

    

    
      	
               
      

            	
              CR1

            	
              =

            	
              the
      Conversion Rate in effect immediately after the Record
  Date

            

    

    
      	
               
      

            	
              SP0

            	
              =

            	
              the
      Current Market Price

            

    

    
      	
               
      

            	
              C

            	
              =

            	
              the
      amount in Cash per share the Company distributes to holders of Common
      Stock

            

    

    

    Such
adjustment shall become effective immediately after the Record Date for such
dividend or distribution. In the event that such dividend or distribution is not
so made, the Conversion Rate shall again be adjusted to be the Conversion Rate
which would then be in effect if such dividend or distribution had not been
declared.

    

    (5)           The
Company or one or more subsidiaries of the Company make purchases of Common
Stock pursuant to a tender offer or exchange offer (other than offers not
subject to Rule 13e-4 under the Exchange Act) by the Company or a subsidiary of
the Company for the Common Stock to the extent that the cash and value of any
other consideration included in the payment per share of Common Stock validly
tendered or exchanged exceeds the Closing Sale Price per share of Common Stock
on the Trading Day next succeeding the last date on which tenders or exchanges
may be made pursuant to such tender or exchange offer (the “expiration date”),
in which event the Conversion Rate will be adjusted based on the following
formula:

    

    
      	
              CR1

            	
              =

            	
              CR0

            	
              x

            	
              FMV
      + (SP1
      x OS1)

            
	
              OS0
      x SP1

            

    

    where,

    

    
      	
               
      

            	
              CR0

            	
              =

            	
              the
      Conversion Rate in effect at the Close of Business on the expiration
      date

            

    

    
      	
               
      

            	
              CR1

            	
              =

            	
              the
      Conversion Rate in effect immediately after the expiration
      date

            

    

    
      	
               
      

            	
              FMV

            	
              =

            	
              the
      fair market value (as determined by the Board of Directors), on the
      expiration date, of the aggregate value of all Cash and any other
      consideration paid or payable for shares validly tendered or exchanged and
      not withdrawn as of the expiration date (the “purchased
      shares”)

            

    

    
      	
               
      

            	
              OS1

            	
              =

            	
              the
      number of shares of Common Stock outstanding as of the last time tenders
      or exchanges may be made pursuant to such tender or exchange offer (the
      “expiration time”) less any purchased
shares

            

    

    
      	
               
      

            	
              OS0

            	
              =

            	
              the
      number of shares of Common Stock outstanding at the expiration time,
      including any purchased shares

            

    

    
      	
               
      

            	
              SP1

            	
              =

            	
              the
      average of the Closing Sale Prices of Common Stock for the 10 consecutive
      Trading Days commencing on the Trading Day immediately after the
      expiration date

            

    

    

    An
adjustment, if any, to the Conversion Rate pursuant to this
Section 6.08(a)(5) shall become effective immediately prior to the opening
of business on the Trading Day immediately following the “expiration
date.”  In the event that the Company or a subsidiary of the Company
is obligated to purchase shares of Common Stock pursuant to any such tender
offer or exchange offer, but the Company or such subsidiary is permanently
prevented by applicable law from effecting any such purchases, or all such
purchases are rescinded, then the Conversion Rate shall again be adjusted to be
the Conversion Rate which would then be in effect if such tender offer or
exchange offer had not been made. Except as set forth in the preceding sentence,
if the application of this Section 6.08(a)(5) to any tender offer or
exchange offer would result in a decrease in the Conversion Rate, no adjustment
shall be made for such tender offer or exchange offer under this
Section 6.08(a)(5).

    
      
         

      

      
        30

        
          

        

      

      
         

      

    

    (b)           In
no event will the Company adjust the Conversion Rate to the extent that the
adjustment would reduce the Conversion Price below the par value per share of
Common Stock.

    

    (c)           Whenever
any provision of the Second Supplemental Indenture shall require the calculation
of an average of Closing Sale Prices over a span of multiple days, the Company
shall in good faith make appropriate adjustments to account for any adjustment
to the Conversion Rate that becomes effective, or any event requiring an
adjustment to the Conversion Rate where the Ex Date of the event occurs, at any
time during the period from which the average is to be calculated.

    

    (d)           Rights
or warrants distributed by the Company to all holders of Common Stock entitling
the holders thereof to subscribe for or purchase shares of the Company’s Capital
Stock (either initially or under certain circumstances), which rights or
warrants, until the occurrence of a specified event or events (“Trigger Event”): (i) are
deemed to be transferred with such shares of Common Stock; (ii) are not
exercisable; and (iii) are also issued in respect of future issuances of Common
Stock, shall be deemed not to have been distributed for purposes of Section 6.08
of the Second Supplemental Indenture (and no adjustment to the Conversion Rate
under Section 6.08 of the Second Supplemental Indenture will be required) until
the occurrence of the earliest Trigger Event, whereupon such rights and warrants
shall be deemed to have been distributed and an appropriate adjustment (if any
is required) to the Conversion Rate shall be made under Section 6.08 of the
Second Supplemental Indenture, except as set forth in Section 6.08(e) of the
Second Supplemental Indenture. If any such right or warrant is subject to
events, upon the occurrence of which such rights or warrants become exercisable
to purchase different securities, evidences of indebtedness or other assets,
then the date of the occurrence of any and each such event shall be deemed to be
the date of distribution and Record Date with respect to new rights or warrants
with such rights, except as set forth in Section 6.08(e) of the Second
Supplemental Indenture. In addition, except as set forth in Section 6.08(e) of
the Second Supplemental Indenture, in the event of any distribution (or deemed
distribution) of rights or warrants, or any Trigger Event or other event (of the
type described in the preceding sentence) with respect thereto that was counted
for purposes of calculating a distribution amount for which an adjustment to the
Conversion Rate under Section 6.08 of the Second Supplemental Indenture was made
(including any adjustment contemplated in Section 6.08(e) of the Second
Supplemental Indenture), (1) in the case of any such rights or warrants that
shall all have been redeemed or repurchased without exercise by the holders
thereof, the Conversion Rate shall be readjusted upon such final redemption or
repurchase to give effect to such distribution or Trigger Event, as the case may
be, as though it were a Cash distribution, equal to the per share redemption or
repurchase price received by a holder or holders of Common Stock with respect to
such rights or warrants (assuming such holder had retained such rights or
warrants), made to all holders of Common Stock as of the date of such redemption
or repurchase, and (2) in the case of such rights or warrants that shall have
expired or been terminated without exercise by the holders thereof, the
Conversion Rate shall be readjusted as if such rights and warrants had not been
issued.

    
      
         

      

      
        31

        
          

        

      

      
         

      

    

    (e)           If
a shareholders rights plan under which any rights are issued provides that each
share of Common Stock issued upon conversion of Notes at any time prior to the
distribution of separate certificates representing such rights shall be entitled
to receive such rights, there shall not be any adjustments to the conversion
privilege or Conversion Rate.  If prior to any conversion of a Note,
the rights have separated from the Common Stock, the Conversion Rate shall be
adjusted at the time of separation as if the Company distributed to all holders
of Common Stock, the Company’s assets, debt securities or rights as described in
clause (a)(3) above, subject to readjustment in the event of the expiration,
termination or redemption of such rights.

    

    (f)           No
adjustment shall be made in the Conversion Rate for any of the transactions
described in this Section 6.08 if the Company makes provisions for Holders to
participate in any such transaction without conversion on a basis and with
notice that the Board of Directors determines in good faith to be fair and
appropriate.

    

    (g)           Except
in accordance with this Section 6.08, the Conversion Rate will not be adjusted
for the issuance of Common Stock or any securities convertible into or
exchangeable for Common Stock or carrying the right to purchase any of the
foregoing. No adjustment to the Conversion Rate shall be made for a change in
the par value or no par value of the Common Stock or any rights to purchase
Common Stock pursuant to a Company plan for reinvestment of
dividends.

    

    (h)           Notwithstanding
anything in this Section 6.08 to the contrary, the conversion rate as adjusted
in accordance with this Section 6.08 shall not exceed 125.0000 shares per $1,000
principal amount of Notes, other than on account of proportional adjustments to
the Conversion Rate in the manner set forth in clauses (a)(1) through (a)(4) of
Section 6.08 of the Second Supplemental Indenture.

    

    (i)           For
purposes of Section 6.08(a)(1), (2) and (3) of the Second Supplemental
Indenture, any dividend or distribution to which Section 6.08(a)(3) of the
Second Supplemental Indenture is applicable that also includes shares of Common
Stock, or rights or warrants to subscribe for or purchase shares of Common Stock
(or both), shall be deemed instead to be (1) a dividend or distribution of
the indebtedness, assets or shares of Capital Stock other than such shares of
Common Stock or rights or warrants (and any Conversion Rate adjustment required
by Section 6.08(a)(3) of the Second Supplemental Indenture with respect to
such dividend or distribution shall then be made) immediately followed by (2) a
dividend or distribution of such shares of Common Stock or such rights or
warrants (and any further Conversion Rate adjustment required by
Section 6.08 of the Second Supplemental Indenture with respect to such
dividend or distribution shall then be made), except any shares of Common Stock
included in such dividend or distribution shall not be deemed “outstanding at
the Close of Business on the Record Date.”

    
      
         

      

      
        32

        
          

        

      

      
         

      

    

    (j)           No
adjustment shall be made to the Conversion Rate unless the adjustment would
result in a change of at least 1% of the Conversion Rate; provided that any adjustments
that are less than 1% of the Conversion Rate shall be carried forward and such
carried forward adjustments, regardless of whether the aggregate adjustment is
less than 1%, shall be made (a) annually, on the anniversary of the first date
of issue of the Notes and otherwise (b) (i) five Business Days prior to the
Stated Maturity of the Notes or (ii) five Business Days prior to the Redemption
Date or Purchase Date, unless such adjustment has already been
made.

    

    (k)           The
Company may from time to time, to the extent permitted by law and subject to
applicable rules of The New York Stock Exchange, increase the Conversion Rate of
the Notes by any amount for any period of at least 20 days.  Whenever
the Conversion Rate is increased pursuant to the preceding sentence, the Company
shall mail to Holders at least 15 days prior to the date the increased
Conversion Rate takes effect, and such notice shall state the increased
Conversion Rate and the period during which it will be in effect.

    

    (l)           The
Company may make such increases in the Conversion Rate, in addition to those set
forth above, as the Company’s Board of Directors deems advisable, including to
avoid or diminish any income tax to holders of the Common Stock resulting from
any dividend or distribution of stock (or rights to acquire stock) or from any
event treated as such for income tax purposes.

    

    (m)           For
purposes of this Section 6.08, the number of shares of Common Stock at any time
outstanding shall not include shares held, directly or indirectly, by the
Company, but shall include shares issuable in respect of scrip certificates
issued in lieu of fractions of shares of Common Stock.

    

    (n)           In
any case in which this Section 6.08 provides that an adjustment shall become
effective immediately after (1) a Record Date for an event or (2) the
“Expiration Date” for any tender or exchange offer pursuant to Section
6.08(a)(5) of the Second Supplemental Indenture (each a “Determination Date”), the
Company may elect to defer, until the later of the date the adjustment to the
Conversion Rate can be definitively determined and the occurrence of the
applicable Adjustment Event (as hereinafter defined), (x) issuing to the Holder
of any Note converted after such Determination Date and before the occurrence of
such Adjustment Event, the additional shares of Common Stock or other securities
or assets issuable upon such conversion, or cash in lieu thereof, by reason of
the adjustment required by such Adjustment Event over and above the Common Stock
issuable upon such conversion, or cash in lieu thereof, before giving effect to
such adjustment and (y) paying to such Holder any amount in cash in lieu of any
fraction pursuant to Section 6.04 of the Second Supplemental Indenture. For
purposes of this Section 6.08(n), the term “Adjustment Event” shall
mean:

    

    (i)           in
any case referred to in clause (1) hereof, the occurrence of such event,
and

    

    (ii)           in
any case referred to in clause (2) hereof, the date a sale or exchange of Common
Stock pursuant to such tender or exchange offer is consummated and becomes
irrevocable.

    
      
         

      

      
        33

        
          

        

      

      
         

      

    

    Section
6.09 Effect of
Recapitalization, Reclassification and Changes to the  Common
Stock.

    

    If any of
the following events occur:

    

    (i)           any
recapitalization,

    

    (ii)           any
reclassification or change of the outstanding shares of Common Stock (other than
changes resulting from a subdivision or combination to which Section 6.08(a)(1)
of the Second Supplemental Indenture applies),

    

    (iii)           any
consolidation, merger or combination involving the Company,

    

    (iv)           any
sale or conveyance to a third party of all or substantially all of the Company’s
assets, or

    

    (v)           any
statutory share exchange,

    

    in each
case as a result of which the Common Stock would be converted into, or exchanged
for, stock, other securities, other property or assets (including cash or any
combination thereof), then, at the effective time of the transaction, the
Company or the successor or purchasing Person, as the case may be, shall execute
with the Trustee a supplemental indenture (which shall comply with the Trust
Indenture Act as in force at the date of execution of such supplemental
indenture if such supplemental indenture is then required to so comply)
providing that the right to convert a Note shall be changed into a right to
convert such Note into the kind and amount of shares of stock, other securities
or other property or assets (including cash or any combination thereof) that a
holder of a share of Common Stock would have owned or been entitled to receive
(the “Reference Property”) upon such transaction.  In the event
holders of Common Stock have the opportunity to elect the form of consideration
to be received in such transaction, the type and amount of consideration that
Holders of Notes would have been entitled to receive shall be deemed to be the
weighted average of the types and amounts of consideration received by the
holders of Common Stock. The Company hereby agrees not to become a party to any
such transaction unless its terms are consistent with the foregoing. Such
supplemental indenture shall provide for adjustments which shall be as nearly
equivalent as may be practicable to the adjustments provided for in this Article
6.  If the Reference Property includes shares of stock or other
securities and assets of a Person other than the successor or purchasing Person,
as the case may be, in such reclassification, consolidation, merger,
combination, sale or conveyance, then the Company shall use commercially
reasonable efforts to cause such supplemental indenture to be executed by such
other Person and such supplemental indenture shall contain such additional
provisions to protect the interests of the Holders of the Notes as the Board of
Directors of the Company shall reasonably consider necessary by reason of the
foregoing, including to the extent required by the Board of Directors and
practicable the provisions providing for the repurchase rights set forth in
Article V herein.

    

    In the
event the Company shall execute a supplemental indenture pursuant to this
Section 6.09, the Company shall promptly file with the Trustee an Officers’
Certificate briefly stating the reasons therefor, the kind or amount of cash,
securities or property or asset that will comprise the Reference Property after
any such transaction, any adjustment to be made with respect thereto and that
all conditions precedent have been complied with.  The Company shall
cause notice of the execution of such supplemental indenture to be mailed to
each Holder of Notes, at its address appearing on the Security Register for the
Notes, within twenty (20) business days after execution thereof. Failure to
deliver such notice shall not affect the legality or validity of such
supplemental indenture.

    
      
         

      

      
        34

        
          

        

      

      
         

      

    

    The above
provisions of this Section 6.09 shall similarly apply to successive
reclassifications, changes, consolidations, mergers, binding share exchanges,
combinations, sales and transfers.

    

    If this
Section 6.09 applies to any event or occurrence, Section 6.08 of the Second
Supplemental Indenture shall not apply.

    

    Section 6.10.
Notice of
Adjustment. Whenever the Conversion Rate is adjusted, the Company shall
promptly mail to Holders a notice of the adjustment. The Company shall file with
the Trustee and the Conversion Agent such notice and an Officer’s Certificate
briefly stating the facts requiring the adjustment and the manner of computing
it. The certificate shall be conclusive evidence that the adjustment is correct,
and neither the Trustee nor the Conversion Agent shall be deemed to have any
knowledge of any adjustments unless and until it has received such
certificate.  Neither the Trustee nor any Conversion Agent shall be
under any duty or responsibility with respect to any such certificate except to
exhibit the same to any Holder desiring inspection thereof.

    

    Section 6.11.
Company Determination
Final. The Company shall be responsible for making all calculations
called for hereunder and under the Notes. These calculations include, but are
not limited to, the Conversion Date, the Current Market Value, the Conversion
Price, the applicable Conversion Rate, and the number of shares of Common Stock,
if any, to be issued upon conversion of the Notes. The Company shall make all
these calculations in good faith and, absent manifest error, the Company’s
calculations will be final and binding on Holders. The Company shall provide a
schedule of the Company’s calculations to the Trustee, and the Trustee is
entitled to rely upon the accuracy of the Company’s calculations without
independent verification.

    

    Section 6.12.
Trustee’s Adjustment
Disclaimer. The Trustee has no duty to determine when an adjustment under
this Article 6 should be made, how it should be made or what it should be
nor shall the Trustee have any duty or responsibility to confirm or verify any
calculation called for hereunder or under the Notes. The Trustee has no duty to
determine whether a supplemental indenture under Section 6.09 of the Second
Supplemental Indenture need be entered into or whether any provisions of any
supplemental indenture are correct. The Trustee shall not be accountable for and
makes no representation as to the validity or value of any securities or assets
issued upon conversion of Notes. The Trustee shall not be responsible for the
Company’s failure to comply with this Article 6. Each Conversion Agent
shall have the same protection under this Section 6.12 as the
Trustee.

    

    Section 6.13.
Withholding Taxes for
Adjustments in Conversion Rate. The Company may, at its option, set-off
withholding taxes due with respect to Notes against payments of Cash and Common
Stock on the Notes to the extent required by law. In the case of any such
set-off against Common Stock delivered upon conversion of the Notes, such Common
Stock shall be valued at the Closing Sale Price of the Common Stock on the date
of setoff.

    
      
         

      

      
        35

        
          

        

      

      
         

      

    

    ARTICLE
SEVEN

    LIMITATION
ON SECURED DEBT

    

    Section
7.01.  Other than Permitted Liens (as defined below), the Company
shall not at any time have outstanding more than $20,485,000,000 principal
amount of indebtedness for borrowed money secured on a first lien basis with its
assets nor more than $4,000,000,000 principal amount of indebtedness for
borrowed money secured on a second lien basis with its
assets.  "Permitted Liens" for purposes hereof shall
mean:

    

    (a) liens for taxes, assessments,
governmental charges and utility charges, in each case that are not yet subject
to penalties for non-payment or that are being contested in good faith by
appropriate proceedings; provided that
adequate reserves with respect thereto are maintained on the books of the
Company in conformity with United States generally accepted accounting
principles ("GAAP");

     

    (b)
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, construction
or other like liens arising in the ordinary course of business;

     

    (c)
permits, servitudes, licenses, easements, rights-of-way, restrictions and other
similar encumbrances imposed by applicable law or incurred in the ordinary
course of business or minor
imperfections in title to real property that do not in the aggregate materially
interfere with the ordinary conduct of the business of the Company and its
subsidiaries taken as a whole;

     

    (d)
leases, licenses, subleases or sublicenses of assets (including, without
limitation, real property and intellectual property rights) granted to others
that do not in the aggregate materially interfere with the ordinary conduct of
the business of the Company and its subsidiaries taken as a whole and licenses
of trademarks and intellectual property rights in the ordinary course of
business;

     

    (e)
pledges or deposits made in the ordinary course of business or statutory liens
imposed in connection with worker’s compensation, unemployment insurance or
other types of social security or pension benefits or liens incurred or pledges
or deposits made to secure the performance of bids, tenders, sales, contracts
(other than for the repayment of borrowed money), statutory obligations, and
surety, appeal, customs or performance bonds and similar obligations, or
deposits as security for contested taxes or import or customs duties or for the
payment of rent, in each case incurred in the ordinary course of
business;

     

    (f) liens
arising from UCC financing statement filings (or similar filings) regarding or
otherwise arising under leases entered into by the Company or any of its
subsidiaries or in connection with sales of accounts, payment intangibles, chattel paper or
instruments;

    
      
         

      

      
        36

        
          

        

      

      
         

      

    

    (g) purchase money liens on property
(other than shares of capital stock or indebtedness) existing at the time of
acquisition (including acquisition through amalgamation, merger or
consolidation) or to secure the payment of any part of the purchase price
thereof or to secure any indebtedness incurred prior to, at the time of, or
within 60 days after, the acquisition of such property for the purpose of
financing all or any part of the purchase price thereof or to secure
indebtedness provided, or guaranteed, by a governmental authority to finance
research and development, limited in each case to the property purchased (or
developed) with the proceeds thereof;

     

    (h) other
than liens existing pursuant to the Credit Agreement and the Loan Documents (as
defined therein), liens in existence on the Closing Date (as defined in that
certain Note Purchase Agreement dated as of April 1, 2008 by and among the
Company, Ford – UAW Holdings LLC, and the Subsidiary Guarantors named therein);
provided that
no such lien is spread to cover any additional property after the Closing Date
and that  the amount of indebtedness for borrowed money secured
thereby is not increased;

    

    (i) liens
on property or capital stock of a person at the time such person becomes a
subsidiary of the Company; provided however, that such
liens are not created, incurred or assumed in connection with, or in
contemplation of, such other person becoming a subsidiary; provided further, however, that any
such lien may not extend to any other property owned by the Company or any
subsidiary of the Company;

    

    (j) liens
on property at the time the Company acquires the property, including any
acquisition by means of a merger or consolidation with or into the Company;
provided, however, that such
liens are not created, incurred or assumed in connection with, or in
contemplation of, such acquisition; provided further, however, that such
liens may not extend to any other property owned by the Company or any
subsidiary of the Company;

     

    (k) any
lien securing the renewal, refinancing, replacing, refunding, amendment,
extension or modification, as a whole or in part, of any indebtedness secured by
any lien permitted by clause (g), (h), (i), (j), and (u) of this definition
or this paragraph (k) without any change in the assets subject to such
lien;

     

    (l) any
lien arising out of claims under a judgment or award rendered or claim filed, so
long as such judgments, awards or claims do not constitute an event of default
under the Credit Agreement;

     

    (m) any
lien consisting of rights reserved to or vested in any governmental authority by
any statutory provision;

     

    (n) liens
created in the ordinary course of business in favor of banks and other financial
institutions over credit balances of any bank accounts held at such banks or
financial institutions or over investment property held in a securities account,
as the case may be, to facilitate the operation of cash pooling and/or interest
set-off arrangements in respect of such bank accounts or securities accounts in
the ordinary course of business;

    
      
         

      

      
        37

        
          

        

      

      
         

      

    

    (o) liens
in favor of lessors pursuant to sale and leaseback transactions to the extent
the disposition of the asset subject to any such sale and leaseback transaction
is permitted under the Credit Agreement;

    

    (p) liens
under industrial revenue, municipal or similar bonds;

    

    (q) liens
on securities accounts (other than liens to secure indebtedness for borrowed
money);

     

    (r)
statutory liens incurred or pledges or deposits made in favor of a governmental
authority to secure the performance of obligations of the Company or any of its
subsidiaries under environmental laws to which any assets of the Company or any
such subsidiaries are subject;

    

    (s) liens
granted by the Company or any of its subsidiaries to a landlord to secure the
payment of arrears of rent in respect of leased properties in the Province of Quebec leased from
such landlord, provided that any such lien is limited to the assets
located at or about such leased properties;

    

    (t)
servicing agreements, development agreements, site plan agreements and other
agreements with governmental authorities pertaining to the use or development of
any of the property and assets of the Company consisting of real property, provided the same are
complied with; and

    

    (u) liens
not otherwise permitted by the foregoing clauses securing obligations or other
liabilities of the Company; provided that the
outstanding amount of all such obligations and liabilities shall not exceed
$500,000,000 at any time.

    

    

    

    ARTICLE
EIGHT

    MISCELLANEOUS
PROVISIONS

    

    Section
8.01.   The
Second Supplemental Indenture is executed by the Company, and by the Trustee
upon the Company’s request, pursuant to the provisions of Section 9.01 of the
Indenture, and the terms and conditions hereof shall be deemed to be part of the
Indenture for all purposes.  The Indenture, as supplemented and
amended by the Second Supplemental Indenture, is in all respects hereby adopted,
ratified and confirmed.  Notwithstanding the foregoing, to the extent
that any of the terms of the Second Supplemental Indenture are inconsistent
with, or conflict with, the terms of the Indenture, the terms of the Second
Supplemental Indenture shall govern.

    

    Section
8.02.    The Second Supplemental
Indenture may be executed in any number of counterparts, each of which shall be
an original, but such counterparts shall together constitute but one and the
same instrument.

    
      
         

      

      
        38

        
          

        

      

      
         

      

    

    Section
8.03.   The
Trustee assumes no responsibility for the correctness of the recitals herein
contained, which shall be taken as the statements of the Company.  The
Trustee makes no representations and shall have no responsibility as to the
validity or sufficiency of the Second Supplemental Indenture or the due
authorization and execution hereof by the Company.

    

    Section
8.04.   The
Second Supplemental Indenture and each Note shall be deemed to be a contract
made under the laws of the State of New York and for all purposes shall be
governed and construed in accordance with the laws of said state, without regard
to its principles of conflict of laws.

    

    Section 8.05.    The Corporate Trust Office
of the Trustee as on the date of the Second Supplemental Indenture
is:

    

    101
Barclay Street, Floor 8 West

    New York,
New York 10286

    Attention:
Corporate Trust Administration.

    

    

    IN
WITNESS WHEREOF, the parties hereto have caused the Second Supplemental
Indenture to be duly executed by their respective officers thereunto duly
authorized as of the day and year first above written.

    

    
      	 
      	
              FORD
      MOTOR COMPANY

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By

            	
              /S/     Neil M.
      Schloss

            
	 
      	
               

            	
              
                Name:
      Neil M.
      Schloss

              

            
	 
      	
               

            	
              
                Title:
      Vice
      President and Treasurer

              

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              THE
      BANK OF NEW YORK

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By

            	
              /S/ Mary LaGumina

            
	 
      	
               

            	
              
                Name:
      Mary
      LaGumina

              

            
	 
      	
               

            	
              
                Title:
      Vice
      President

              

            

    

    
      
         

      

      
        39

        
          

        

      

      
         

      

    

    Exhibit
A

    

    THIS
SECURITY AND THE COMMON STOCK INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), OR ANY STATE SECURITIES LAWS.  NEITHER THIS SECURITY, THE
COMMON STOCK INTO WHICH THIS SECURITY IS CONVERTIBLE NOR ANY INTEREST OR
PARTICIPATION HEREIN OR THEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION
OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH
REGISTRATION.

    

    THE
HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES TO OFFER, SELL OR
OTHERWISE TRANSFER THIS SECURITY AND THE COMMON STOCK INTO WHICH THIS SECURITY
IS CONVERTIBLE, PRIOR TO THE DATE (THE "RESALE RESTRICTION TERMINATION DATE")
WHICH IS ONE YEAR AFTER THE LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE OF
THE COMPANY WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY)
ONLY: (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF (B) TO A PERSON IT REASONABLY
BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE
SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A
QUALIFIED INSTITUTIONAL BUYER TO WHICH NOTICE IS GIVEN THAT THE TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A, (C) PURSUANT TO A REGISTRATION STATEMENT
WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (D) FROM FORD – UAW
HOLDINGS LLC (THE INITIAL HOLDER HEREOF) TO THE NEW VEBA (AS DEFINED HEREIN) OR
(E)PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
THE SECURITIES ACT, INCLUDING RULE 144, IF AVAILABLE, SUBJECT TO THE [TRUSTEE'S
AND THE] COMPANY'S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO
CLAUSE (D) TO, PRIOR TO THE RESALE RESTRICTION TERMINATION DATE, REQUIRE THE
DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION
SATISFACTORY TO [IT][EACH OF THEM], AND IN EACH OF THE FOREGOING CASES, A
CERTIFICATE OF TRANSFER [IN THE FORM APPEARING ON THE OTHER SIDE OF THIS
SECURITY] IS COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE COMPANY [AND THE
TRUSTEE].  THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER
AFTER THE RESALE RESTRICTION TERMINATION DATE.

    

    [EXCEPT
AS OTHERWISE PROVIDED IN SECTION 2.05 OF THE INDENTURE, THIS SECURITY MAY BE
TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE DEPOSITORY
OR TO A SUCCESSOR DEPOSITORY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITORY]1

    

    [Unless
this Certificate is presented by an authorized representative of The Depository
Trust Company, a New York corporation (“DTC” or the “Depository”), to the
Company (as defined below) or its agent for registration of transfer, exchange
or payment, and any certificate issued is registered in the name of Cede &
Co. or in such other name as is requested by an authorized representative of 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.]1

    

    

    1.           
This legend applies only to a Global Note.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    FORD
MOTOR COMPANY

    5.75%
SENIOR CONVERTIBLE NOTE DUE 2013

    

    __________________

    

    

    CUSIP No.
[              ]

    ISIN US
[                  ]

    

    
      	
              $3,334,000,000

            	
              No.
      1

            

    

    

    

    FORD MOTOR COMPANY, a corporation duly
organized and existing under the laws of the State of Delaware (herein called
the “Company”, which term includes any successor corporation under the Indenture
hereinafter referred to), for value received, hereby promises to pay to
[                                 ],
or registered assigns, the principal sum of
[                                 ]
($[                       ])
on January 1, 2013, or such lesser amount as may be indicated on Schedule A
hereto, unless earlier redeemed, purchased, repurchased or converted as herein
provided, and to pay interest thereon from January 1, 2008, or from the most
recent Interest Payment Date to which interest has been paid or duly provided
for, semi-annually on January 1 and July 1 of each year, commencing July 1,
2008, at the rate of 5.75% per annum, until the principal hereof is paid or made
available for payment or converted.  The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as
provided in the Indenture, be paid to the Person in whose name this Security (or
one or more Predecessor Securities) is registered at the Close of Business on
the Regular Record Date for such interest, which shall be December 15 or June 15
(whether or not a Business Day), as the case may be, next preceding such
Interest Payment Date.  Any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Holder on such
Regular Record Date and may either be paid to the Person in whose name this
Security (or one or more Predecessor Securities) is registered at the Close of
Business on a Special Record Date for the payment of such Defaulted Interest to
be fixed by the Trustee, notice whereof to be given to Holders of Securities of
this series not less than 10 days prior to such Special Record Date, or be paid
at any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed,
and upon such notice as may be required by such exchange, all as more fully
provided in said Indenture.

    

    Interest on this Security shall be
computed on the basis of a 360-day year comprised of twelve 30-day
months.  If interest or principal is payable on a day that is not a
Business Day, the Company shall make the payment on the next Business Day, and
no interest will accrue as a result of the delay in payment.

    

    Payment of the principal of (and
premium, if any, on) and any such interest on this Security will be made at the
office or agency of the Company maintained for that purpose in the Borough of
Manhattan, the City and State of New York in such coin or currency of the United
States of America as at the time of payment is legal tender for payment of
public and private debts and in immediately available funds; provided, however, that each
installment of interest on this Security may, at the option of the Company, be
paid by mailing a check for such interest, payable to or upon the written order
of the Person entitled thereto, to the address of such Person as it appears on
the Security Register or by wire transfer to an account of the Person entitled
thereto as such account shall be provided to the Security Registrar and shall
appear on the Security Register.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

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

    

    This Security shall be deemed to be a
contract made under the laws of the State of New York, and for all purposes
shall be governed by and construed in accordance with the laws of said State,
without regard to its principles of conflicts of laws.

    

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

    

    IN WITNESS WHEREOF, the Company has
caused this Global Security to be signed by its Chairman of the Board, or its
President, or one of its Executive Vice Presidents, or one of its Group Vice
Presidents, or one of its Vice Presidents, and by its Treasurer or one of its
Assistant Treasurers, or its Secretary or one of its Assistant Secretaries,
manually or in facsimile, and a facsimile of its corporate seal to be imprinted
hereon.

    

    Dated:

    

    

    [Corporate
Seal]

    

    

    
      	 
      	
              FORD
      MOTOR COMPANY

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	 
      
	 
      	
              Name:

            	 
      
	 
      	
              Title:

            	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	 
      
	 
      	
              Name:

            	 
      
	 
      	
              Title:

            	 
      

    

    

    
      	
              Attest:

            	 
      	 
      	 
      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

    

    

    This is one of the Securities of the
series designated therein referred to in the within-mentioned
Indenture.

    

    

    
      	 
      	
              THE
      BANK OF NEW YORK,

            
	 
      	
              as
      Trustee

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	 
      
	 
      	
              Name:

            	 
      
	 
      	
              Title:

            	 
      

    

    

    

    Dated:

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    [REVERSE
SIDE OF NOTE]

    Ford
Motor Company

    

    1.     
       Indenture

    

    This Security is one of a duly
authorized issue of securities of the Company, designated as its 5.75% Senior
Convertible Notes due 2013 (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of January 30, 2002
(herein called the “Indenture”), between the Company and The Bank of New York
(as successor trustee to JPMorgan Chase Bank), as Trustee (herein called the
“Trustee”, which term includes any successor trustee under the Indenture with
respect to the series of which this Security is a part), as supplemented by the
Second Supplemental Indenture, dated as of January 1, 2008 (the “Supplemental
Indenture”), between the Company and the Trustee, to which Indenture, the
Supplemental Indenture and all other indentures supplemental thereto reference
is hereby made for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee, and the Holders of
the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered.  This Security is a Global Security of
the series designated on the face hereof, initially limited in aggregate
principal amount to $[                             ].  All
terms used in this Global Security which are defined in the Indenture or the
Supplemental Indenture shall have the meanings assigned to them in the Indenture
or the Supplemental Indenture, as applicable.  In the event of any
inconsistency between the Indenture and the Supplemental Indenture, the
Supplemental Indenture shall govern.

    

    The Company may, without the consent of
the Holders hereof, issue additional securities having the same ranking and the
same interest rate, maturity, conversion rate and other terms as the
Securities.  Any additional securities will, together with the
Securities, constitute a single series under the Indenture.  No
additional securities may be issued as part of the same series if an Event of
Default has occurred and is continuing with respect to the
Securities.

    

    2.        
    Paying Agent, Conversion
Agent and Security Registrar

    

    Initially, the Trustee will act as
Paying Agent, Conversion Agent and Security Registrar. The Company may appoint
and change any Paying Agent, Conversion Agent, Security Registrar or
co-registrar without notice, other than notice to the Trustee. The Company or
any of its Subsidiaries or any of their Affiliates may act as Paying Agent,
Conversion Agent, Security Registrar or co-registrar. The Company may maintain
deposit accounts and conduct other banking transactions with the Trustee in the
normal course of business.

    

    3.     
       Redemption at the Option of
the Company

    

    The Securities of this series are
subject to redemption upon not less than 30 nor more than 60 days’ prior notice
given in the manner provided in the Indenture and the Supplemental Indenture on
January 1, 2011 or on any Business Day thereafter at a redemption price equal to
100% of the principal amount to be redeemed together with (i) accrued and unpaid
interest thereon, up to, but not including, the Redemption Date, but interest
installments whose Stated Maturity is on or prior to such Redemption Date will
be payable to the Holders of such Securities, or one or more Predecessor
Securities, of record at the Close of Business on the relevant Regular Record
Dates referred to on the face hereof, all as provided in the Indenture and the
Supplemental Indenture, and (ii) the Make-whole Redemption Payment, if any,
payable in accordance with Section 4.02 of the Supplemental
Indenture.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    In the event of redemption of this
Security in part only, a new Security or Securities of this series for the
unredeemed portion hereof will be issued in the name of the Holder hereof upon
the cancellation hereof.

    

    4.    
        Repurchase at the Option of
the Holder upon the Occurrence of a Designated Event

    

    Subject to the terms and conditions of
the Supplemental Indenture, if there shall have occurred a Designated Event,
each Holder shall have the right, at such Holder’s option, to require the
Company to purchase for shares of Common Stock (or such other consideration into
which the shares of Common Stock have been converted or exchanged in connection
with such Designated Event) all or any portion of such Holder’s Securities not
previously repurchased or called for redemption in integral multiples of $1,000
principal amount on a date selected by the Company as specified in Article Five
of the Supplemental Indenture, at a purchase price equal to 100% of the
principal amount of the Securities to be purchased, plus accrued and unpaid
interest to, but not including, the Purchase Date, as set forth, and subject to
satisfaction by or on behalf of the Holder of the requirements set forth, in
Article Five of the Supplemental Indenture.

    

    5.     
       Repurchase at the Option of
the Holder upon a Change in Control

    

    Subject to the terms and conditions of
the Supplemental Indenture, if there shall have occurred a Change in Control,
each Holder shall have the right, at such Holder’s option, to require the
Company to purchase for cash all or any portion of such Holder’s Securities not
previously repurchased or called for redemption in integral multiples of $1,000
principal amount on a date selected by the Company as specified in Article Five
of the Supplemental Indenture, at a purchase price equal to 100% of the
principal amount of the Securities to be purchased, plus accrued and unpaid
interest to, but not including, the Purchase Date, as set forth, and subject to
satisfaction by or on behalf of the Holder of the requirements set forth, in
Article Five of the Supplemental Indenture.

    

    6.        
    Conversion

    

    Subject
to the terms of the Supplemental Indenture, the Holder of this Security may, at
any time and from time to time, convert this Security or any portion of the
principal amount hereof that is in an integral multiple of $1,000 into shares of
Common Stock at the Conversion Rate (initially 108.6956 shares of Common Stock
for each $1,000 principal amount of Securities, subject to adjustment in certain
instances as provided in Section 6.08 of the Supplemental Indenture, and further
subject to increases in certain instances, as provided in Section 6.07 of the
Supplemental Indenture) as provided in Article Six of the Supplemental
Indenture.  The Conversion Rate for the Securities on any Conversion
Date shall be determined as set forth in the Supplemental Indenture. Upon
conversion of this Security, the Company shall, subject to the terms of the
Supplemental Indenture, deliver the Common Stock within the time periods set
forth in Section 6.03 of the Supplemental Indenture.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    No
fractional shares will be issued upon conversion of a Security; the Company
shall deliver cash in lieu of any fractional share of Common Stock as provided
in Section 6.04 of the Supplemental Indenture.

    

    To
convert a Security, a Holder must fulfill the conditions set forth in Section
6.02 of the Supplemental Indenture.

    

    The Conversion Rate will be adjusted as
set forth in Article Six of the Supplemental Indenture.

    

    If a Holder delivers a Conversion
Notice to the Conversion Agent after the Company has delivered its irrevocable
notice of redemption pursuant to Section 4.01 of the Supplemental Indenture, the
Company shall pay to the Holder the Make-whole Redemption Payment, if any, with
respect to the Notes subject to the Conversion Notice payable in cash in
accordance with Section 4.02 of the Supplemental Indenture.

    

    The Common Stock received upon
conversion of this Security shall bear a restrictive legend indicating that such
shares may not be sold or otherwise transferred prior to October 1,
2012 except under one of the following circumstances: (1) the Company
provides an irrevocable notice of redemption pursuant to Section 4.01 of the
Supplemental Indenture or (2) if in any calendar quarter, the Closing
Sale Price of the Common Stock is greater than 120% of the then current
Conversion Price (initially $11.04 per share) for at least 20 Trading Days
in the 30 consecutive Trading Days ending on the last Trading Day of the
preceding calendar quarter.

    

    7.       
     Event of
Default

    

    If an Event of Default with respect to
Securities of this series shall occur and be continuing, the principal of the
Securities of this series may be declared, or in certain cases become, due and
payable in the manner and with the effect provided in the Indenture and the
Supplemental Indenture.

    

    8.     
       Amendment and
Wavier

    

    The Indenture and Supplemental
Indenture permit, with certain exceptions as therein provided, the amendment
thereof and the modification of the rights and obligations of the Company and
the rights of the Holders of the Securities of this series under the Indenture
and the Supplemental Indenture at any time by the Company and the Trustee with
the consent of the Holders of not less than a majority in principal amount of
the Outstanding Securities of this series.  The Indenture and
Supplemental Indenture also contain provisions permitting the Holders of
specified percentages in principal amount of the Outstanding Securities of this
series, on behalf of the Holders of all Outstanding Securities of this series,
to waive compliance by the Company with certain provisions of the Indenture and
Supplemental Indenture and certain past defaults under the Indenture and
Supplemental Indenture and their consequences.  Any such consent or
waiver by the Holder of this Security shall be conclusive and binding upon such
Holder and upon all future Holders of this Security and of any Security issued
upon the registration of transfer hereof or in exchange or in lieu hereof,
whether or not notation of such consent or waiver is made upon this
Security.  The Company and the Trustee may amend the Indenture and the
Supplemental Indenture under certain circumstances without the consent of the
Holders, as described in the Indenture and the Supplemental
Indenture.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    No reference herein to the Indenture or
the Supplemental Indenture and no provision of this Security or of the Indenture
or Supplemental Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the amount of principal of (and
premium, if any, on) and interest, if any, on this Security herein provided, and
at the times, place and rate, and in the coin or currency, herein
prescribed.

    

    9.       
     Miscellaneous

    

    As
provided in the Indenture and subject to certain limitations therein set forth,
particularly the limitation set forth in Section 2.05(b) of the Indenture, the
transfer of this Security is registrable in the Security Register, upon
surrender of this Security for registration of transfer at the office or agency
of the Company in any place where the principal of (and premium, if any, on) and
interest, if any, on this Security are payable, duly endorsed by, or accompanied
by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Securities of this series,
of authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

    

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

    

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

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    SCHEDULE
OF CONVERSION, TRANSFERS OR EXCHANGES

    

    Principal
amount outstanding as of January 1, 2008: __________________

    

    Thereafter,
the following exchanges of a part of this Note in definitive form for an
interest in another Note in definitive form, or exchanges of a part of another
Note in definitive form for an interest in this Note in definitive form, or for
Notes in Global form, have been made:

     

    
      	
              
                 

                Date
      of Exchange

              

            	 	
              
                Amount
      of decrease in Principal Amount of this Security

              

            	 	
              
                Amount
      of increase in Principal Amount of this Security

              

            	 	
              
                Principal
      Amount of this Security following such decrease (or
      increase)

              

            	 	
              
                Signature
      of authorized officer of Trustee or

                Custodian

              

            
	 
      	 	 
      	 	 
      	 	 
      	 	 
      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

    ASSIGNMENT
FORM

    

    To assign
this Security, fill in the form below:

    

    For value
received the undersigned registered holder hereby sell(s) assign(s) and
transfer(s) unto ___________________________________ (Please insert social
security or other Taxpayer Identification Number of assignee) the within
Security and all rights thereunder, and hereby irrevocably constitutes and
appoints ______________________________________ attorney to transfer said
Security on the books of Ford Motor Company (the “Issuer”), with full power of
substitution in the premises.

    

    In
connection with any transfer of the Securities prior to the expiration of the
holding period applicable to sales thereof under Rule 144 under the Securities
Act (or any successor provision), the undersigned confirms that such Security is
being transferred:

    

    
      	
               
      

            	
               ̈

            	
              To
      a person reasonably believed by the transferor to be a “qualified institutional
      buyer” in compliance with Rule 144A under the Securities Act of
      1933, as amended; or

            

    

    

    
      	
               
      

            	
               ̈

            	
              Pursuant
      to an exemption from the registration requirements of the Securities Act
      of 1933, as amended, provided by Rule 144 thereunder (if available);
      or

            

    

    

    
      	
               
      

            	
               ̈

            	
              In
      accordance with another exemption from the registration requirements of
      the Securities Act of 1933, as amended;
or

            

    

    

    
      	
               
      

            	
               ̈

            	
              To
      the Issuer or a subsidiary thereof;
or

            

    

    

    
      	
               
      

            	
               ̈

            	
              From
      Ford - UAW Holdings LLC (the initial Holder) to the New VEBA (as defined
      in the Security); or

            

    

    

    
      	
               
      

            	
               ̈

            	
              To
      an Institutional Accreditied Investor pursuant to and in compliance with
      the Securities Act of 1933, as amended;
or

            

    

    

    
      	
               
      

            	
               ̈

            	
              Pursuant
      to an effective Registration Statement under the Securities Act of 1933,
      as amended, and in accordance with all applicable securities laws of the
      states of the United States and other
  jurisdictions.

            

    

    

    Unless one of the boxes is checked,
the Trustee or Registrar will refuse to register any of the Securities evidenced
by this certificate in the name of any person other than the registered holder
thereof.

    

    
      	
              Dated:

            	
               

            	 
      

    

    

    
      	 
      	 
      	 
      
	 
      	 
      	 
      
	 	 	 
	 
      	
              Signature(s)

            
	 
      	 
      	 
      
	 
      	
              Signature(s)
      must be guaranteed by an “eligible guarantor
      institution” meeting the requirements of the Security registrar,
      which requirements include membership or participation in the Security
      Transfer Agent Medallion Program (“STAMP”) or such other
      “signature guarantee
      program” as may be determined by the Security registrar in addition
      to, or in substitution for, STAMP, all in accordance with the Securities
      Exchange Act of 1934, as amended.

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              Signature
      Guarantee

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    CONVERSION
NOTICE

    

    Ford
Motor Company

    5.75%
Senior Convertible Note due 2013

    CUSIP
No.
[              ]

    ISIN
No.
[                ]

    
      	
              To
      convert this 5.75% SENIOR CONVERTIBLE NOTE DUE 2013 issued by Ford Motor
      Company, check the box:  ̈

            
	 
	
              To
      convert only part of this Security, state the principal amount to be
      converted (which must be $1,000 or an integral multiple of $1,000
      principal amount): $ ___________________________

            
	 
	
              If
      you want the stock certificate, if any, made out in another person’s name
      or the Cash paid to another person, fill in the form below (NOT FOR USE BY
      DTC PARTICIPANTS):

            
	 
      
	
              (Insert
      other person’s soc. sec. or tax ID no.)

            
	 
      
	
              (Print
      or type other person’s name, address and zip
  code)

            

    

    

     

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

     

    USE THE FOLLOWING ONLY FOR
GLOBAL BOOK ENTRY DTC PARTICIPANTS

    Please
designate your DTC Participant’s name and Participant Number and provide contact
information below:

    Name of
DTC Participant: ____________________________________________

    DTC
Participant Number: _________________________

    Client
Reference No.( optional): _________________________________________

    DTC
Participant Contact Information

    Name:  _________________________________________________________

    Telephone
No.:  ____________________________      Facsimile
No.: ____________________________

    Email:
_______________________________________

    Date:
___________________________________________

     

    Your
Signature: _____________________________________________

    (Sign
exactly as your name appears on the other side of this Security or as an
authorized DTC Participant representative)

    *Signature
guaranteed by:____________________________________

     

    The
signature must be guaranteed by an institution which is a member of one of the
following recognized signature guaranty programs: (i) the Securities Transfer
Agent Medallion Program (STAMP), (ii) the New York Stock Exchange Medallion
Program (MSP); (iii) the Stock Exchange Medallion Program (SEMP); or (iv) such
other guaranty program acceptable to the Trustee.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     PURCHASE
NOTICE UPON A DESIGNATED EVENT OR CHANGE IN CONTROL

    

    Ford
Motor Company

    5.75%
Senior Convertible Note due 2013

    CUSIP
No.
[                  ]

    ISIN
No.
[               ]

    

    
      	
              TO:

            	
              FORD
      MOTOR COMPANY

            

    

    THE BANK
OF NEW YORK

    

    The
undersigned registered owner of this 5.75% SENIOR CONVERTIBLE NOTE DUE 2013
hereby irrevocably acknowledges receipt of a notice from Ford Motor Company (the
“Company”) regarding the
right of Holders to elect to require the Company to purchase the Securities upon
the occurrence of a Designated Event or Change in Control, as the case may be,
and requests and instructs the Company pursuant to Section 5.01 of the
Supplemental Indenture to purchase the entire principal amount of this Security,
or portion thereof (which is $1,000 principal amount or an integral multiple
thereof) designated below, in accordance with the terms of the Indenture and the
Supplemental Indenture at the price of 100% of the principal amount or
proportional portion thereof, together with accrued and unpaid interest to, but
not including, the Purchase Date, to the registered holder
hereof.  Capitalized terms used herein but not defined shall have the
meanings ascribed to such terms in the Supplemental Indenture referred to in
such Securities.  The Securities shall be purchased by the Company as
of the Purchase Date pursuant to the terms and conditions specified in the
Supplemental Indenture.

    

    Security
Certificate Number (if applicable):
_____________________________________

    

    Principal
amount to be purchased (if less than all):
_______________________________

    

    Social
Security or Other Taxpayer Identification Number:
__________________________

     

    USE THE FOLLOWING ONLY FOR
GLOBAL BOOK ENTRY DTC PARTICIPANTS

     

    Please
designate your DTC Participant’s name and Participant Number and provide contact
information below:

     

    Name of
DTC Participant: ____________________________________________

    DTC
Participant Number: _________________________

    Client
Reference No.( optional): _________________________________________

    DTC
Participant Contact Information

    Name:  _________________________________________________________

    Telephone
No.:  ______________________                         Facsimile
No.: _______________________

    Email:
_______________________________________

    Date:           _________________________________

    

    Your Signature:
_____________________________________________

    (Sign
exactly as your name appears on the other side of this Security or as an
authorized DTC Participant representative)

    *Signature guaranteed by:
________________________________________________

    

    The
signature must be guaranteed by an institution which is a member of one of the
following recognized signature guaranty programs: (i) the Securities Transfer
Agent Medallion Program (STAMP), (ii) the New York Stock Exchange Medallion
Program (MSP); (iii) the Stock Exchange Medallion Program (SEMP); or (iv) such
other guaranty program acceptable to the Trustee.ex10_4.htm

    
      

    

    EXHIBIT
10.4

    

    

    
      EXHIBIT
F

    

     

    
      FORM OF
SECURITYHOLDER

    

    
      AND

    

    
      REGISTRATION
RIGHTS AGREEMENT

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SECURITYHOLDER AND REGISTRATION RIGHTS
AGREEMENT

    

    

    Dated as of
[_________],

    

    

    by and between

    

    

    FORD MOTOR COMPANY

    

    and

    

    FORD-UAW HOLDING
LLC

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    TABLE OF CONTENTS

     

    
      	 
      	 
      	 
      	
              PAGE

            
	 	 	 	 
	
              Article I DEFINITIONS

            	
              3

            
	
              Section 1.1

            	 
      	
              Certain
      Defined Terms

            	
              3

            
	
              Section 1.2

            	 
      	
              Terms
      Generally

            	
              8

            
	
              Article II CERTAIN COVENANTS AND RESTRICTIONS

            	
              9

            
	
              Section 2.1

            	 
      	
              Standstill

            	
              9

            
	
              Section 2.2

            	 
      	
              Transfer
      Restrictions.

            	
              11

            
	
              Section 2.3

            	 
      	
              Certificate
      Legends; Holder Representations.

            	
              13

            
	
              Article III RIGHT OF FIRST OFFER

            	
              14

            
	
              Section 3.1

            	 
      	
              Offer
      Notice

            	
              14

            
	
              Section 3.2

            	 
      	
              Company’s
      Right of First Offer

            	
              14

            
	
              Section 3.3

            	 
      	
              Payment

            	
              15

            
	
              Section 3.4

            	 
      	
              Assignment
      of Right of First Offer

            	
              15

            
	
              Article IV VOTING AGREEMENT

            	
              15

            
	
              Section 4.1

            	 
      	
              Agreement
      to Vote

            	
              15

            
	
              Section 4.2

            	 
      	
              Irrevocable
      Proxy

            	
              16

            
	
              Section 4.3

            	 
      	
              Inconsistent
      Voting Agreements

            	
              16

            
	
              Article V REGISTRATION RIGHTS

            	
              16

            
	
              Section 5.1

            	 
      	
              Shelf
      Registration.

            	
              16

            
	
              Section 5.2

            	 
      	
              Demand
      Registrations.

            	
              18

            
	
              Section 5.3

            	 
      	
              Piggyback
      Registration.

            	
              20

            
	
              Section 5.4

            	 
      	
              Postponement
      of Registrations

            	
              21

            
	
              Section 5.5

            	 
      	
              Holdback
      Period.

            	
              22

            
	
              Section 5.6

            	 
      	
              No
      Inconsistent Agreements

            	
              23

            
	
              Section 5.7

            	 
      	
              Registration
      Procedures.

            	
              23

            
	
              Section 5.8

            	 
      	
              Participation
      in Public Offering Transfers.

            	
              28

            
	
              Section 5.9

            	 
      	
              Cooperation
      by Management

            	
              29

            
	
              Section 5.10

            	 
      	
              Registration
      Expenses and Legal Counsel

            	
              29

            
	
              Section 5.11

            	 
      	
              Rules
      144 and 144A and Regulation S

            	
              29

            
	
              Article VI INDEMNIFICATION

            	
              30

            
	
              Section 6.1

            	 
      	
              Indemnification
      by the Company

            	
              30

            
	
              Section 6.2

            	 
      	
              Indemnification
      by the Holder

            	
              30

            
	
              Section 6.3

            	 
      	
              Indemnification
      Procedures.

            	
              31

            
	
              Section 6.4

            	 
      	
              Survival

            	
              32

            
	
              Article VII MISCELLANEOUS

            	
              32

            
	
              Section 7.1

            	 
      	
              Binding
      Effect; Assignment

            	
              32

            
	
              Section 7.2

            	 
      	
              Adjustments;
      Restatement of Agreement

            	
              32

            
	
              Section 7.3

            	 
      	
              Termination

            	
              33

            
	
              Section 7.4

            	 
      	
              Amendments
      and Waivers

            	
              33

            
	
              Section 7.5

            	 
      	
              Attorneys’
      Fees

            	
              33

            
	
              Section 7.6

            	 
      	
              Notices

            	
              33

            
	
              Section 7.7

            	 
      	
              No
      Third Party Beneficiaries

            	
              34

            
	
              Section 7.8

            	 
      	
              Cooperation

            	
              34

            
	
              Section 7.9

            	 
      	
              Counterparts

            	
              34

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              Section 7.10

            	 
      	
              Remedies

            	
              35

            
	
              Section 7.11

            	 
      	
              GOVERNING
      LAW; FORUM SELECTION

            	
              35

            
	
              Section 7.12

            	 
      	
              WAIVER
      OF JURY TRIAL

            	
              35

            
	
              Section 7.13

            	 
      	
              Severability

            	
              35

            
	
              Section 7.14

            	 
      	
              Acknowledgments

            	
              35

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    SECURITYHOLDER AND REGISTRATION RIGHTS
AGREEMENT

     

    This Securityholder and Registration
Rights Agreement (this “Agreement”) is entered into as of [________], by
and between Ford Motor
Company, a Delaware
corporation (the “Company”), and Ford-UAW Holdings LLC, a Delaware
limited liability company and wholly-owned subsidiary of the Company ("Initial
Holder").

     

    WHEREAS, under the Settlement Agreement
(defined below), the Company and the UAW have agreed that responsibility for
providing retiree health care benefits for current and former UAW-represented
employees of the Company will be permanently shifted from the Company to a new
retiree plan funded by a new independent Voluntary Employee Benefit Association
Trust ("VEBA");

     

    WHEREAS, the Initial Holder was
established by the Company pursuant to the MOU for the purpose of holding certain
assets, including the Notes (as defined below), required to be transferred by
the Company to the VEBA;

     

     WHEREAS, the Company has contributed to the Initial Holder $3,334,000000 aggregate principal amount of
5.75% Senior Convertible Notes due
2013 issued by the Company
(the “Notes”), convertible under the terms thereof
into common stock, par value $0.01 per share, of the Company (the
“Common
Stock”); and

     

    WHEREAS, in connection with the
foregoing, the parties hereto wish to enter into this Agreement to govern the
rights and obligations of the parties with respect to registration rights and
certain other matters relating to the Notes and the shares of Common Stock that are
issuable, or issued, as the case may be, upon conversion
thereof.

     

    NOW, THEREFORE, in consideration of the
foregoing and the mutual agreements set forth herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

     

    ARTICLE I

    DEFINITIONS

     

    Section 1.1   Certain Defined Terms.  As used herein, the
following terms shall have the following meanings:

     

    “Adverse
Disclosure” means public
disclosure of material non-public information that, in the Company’s good faith
judgment, after consultation with independent outside counsel to the Company,
(i) would be required to be made in any Registration Statement or report filed
with the SEC by the Company so that such Registration Statement or report would
not be materially misleading; (ii) would not be required to be made at such time
but for the filing of such Registration Statement; and (iii) the Company has a
bona
fide business purpose for
not disclosing publicly.

     

    “Affiliate” means, with respect to any Person, any
other Person which directly or indirectly Controls or is Controlled by or is
under common Control with such Person.  For the avoidance of doubt,
the UAW and its Affiliates shall be deemed to be Affiliates of the
VEBA.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    “Agreement” shall have the meaning set forth in
the Preamble.

     

    “Beneficial
Owner” or “Beneficially
Own” have the meanings
given to such terms in Rule 13d-3 of the Exchange Act, except that a Person
shall also be deemed to beneficially own all shares of Voting Securities with
respect to which such Person has the right or option to acquire (through
agreement, purchase, exchange, conversion or otherwise) beneficial ownership or
the power to vote.  For the avoidance of doubt, any holder of the
Notes shall be deemed to beneficially own all
of the Conversion Shares issuable upon conversion thereof.

     

    “Board” means the Board of Directors of the
Company.

     

    “Business
Day” means any day that is
not a Saturday, Sunday or any other day on which banks are required or
authorized by Law to be closed in New York City, New York.

     

    “Common
Stock” shall have the
meaning set forth in the Recitals.

     

    “Company” shall have the meaning set forth in
the Preamble.

     

    “Control” means the direct or indirect power to
direct or cause the direction of management or policies of a Person, whether
through the ownership of voting securities, general partnership interests or
management member interests, by contract, pursuant to a voting trust or
otherwise.  “Controlling” and “Controlled” have the correlative
meanings.

     

    “Conversion
Shares” means the shares of
Common Stock that are issued or issuable, as the case may be, from time to time
upon conversion of the Notes in accordance with the terms thereof,
together with any securities issued or issuable in respect thereof in connection
with any stock dividend, stock split (forward or reverse), combination of
shares, recapitalization, merger, consolidation, redemption, exchange of
securities or other reorganization or reclassification after the date
hereof.  For all purposes under this Agreement, any determination of
the number of shares of Common Stock that are issuable upon conversion of, or
underlying, the Notes shall be made as if (i) the holder of
the Notes then has the right to convert the
Notes and (ii) any such conversion of the
Notes will be settled in accordance with the
terms thereof entirely in shares of Common Stock and not in cash (except for the
payment of cash in lieu of fractional shares of Common
Stock).  For
avoidance of doubt, the immediately preceding sentence shall not alter or limit
in any way the rights or obligations of the Holder or the Company under the
terms of the Notes, including with respect to settlement in cash upon conversion
of the Notes.

     

    “Demand
Notice” shall have the
meaning set forth in Section
5.2(a).

     

    “Demand
Registration” shall have
the meaning set forth in Section
5.2(a).

     

    “Demand
Registration Statement”
shall have the meaning set forth in Section
5.2(b).

     

    “Elected
Securities” shall have the
meaning set forth in Section
3.2(a).

     

    “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended, and the rules and regulations
thereunder.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    “Exchange
Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations
thereunder.

     

    “Governing
Instruments” has the
meaning given to such term in Section
2.1(j).

     

    “Governmental
Entity” means any court,
administrative agency or commission or other governmental authority or
instrumentality, whether federal, state, local or foreign and any applicable
industry self-regulatory organization.

     

    “Group” has the meaning given to such term in
Section 13(d)(3) of the Exchange Act.

     

    “Hedging
Activities” shall have the
meaning set forth in Section
2.2(b).

     

    “Holder” means the Initial Holder, any permitted assignee
hereof as contemplated in Section
7.1(iii), and, in the event of an assignment
hereof in connection with the Transfer of the Registrable Securities to the VEBA
as contemplated in Section
7.1(ii), the VEBA and/or the trustee of the
VEBA, as appropriate.  References to the "Holder"
in this Agreement shall be deemed to include all Holders in the aggregate and
not to each individual Holder.

     

    “Indemnitee” shall have the meaning set forth in
Section
6.1.

     

    “Indemnitor” shall have the meaning set forth in
Section
6.3(a).

     

    “Indenture” means the Indenture, dated as
of January 30, 2002, between the Company and The Bank of New York (as successor
trustee to JPMorgan Chase Bank), as Trustee, as amended and supplemented from
time to time, including as supplemented by the Second Supplemental Indenture,
dated as of __________________, 2008 (the “Supplemental Indenture”), between the
Company and the Trustee.

     

    “Initial
Holder” shall have the
meaning set forth in the Recitals.

     

    “Issuer Free
Writing Prospectus” means
an issuer free writing prospectus (as defined in Rule 433 under the Securities
Act) relating to an offer of the Registrable Securities.

     

    “Law” means any applicable United States or
non-United States federal, provincial, state or local statute, common law, rule,
regulation, ordinance, permit, order, writ, injunction, judgment or decree of
any Governmental Entity.

     

    “Losses” shall have the meaning set forth in
Section
6.1.

     

    “Material
Adverse Change” means (i)
any general suspension of trading in, or limitation on prices for, securities on
any national securities exchange or the over-the-counter market in the United
States of America; (ii) the declaration of a banking moratorium or any
suspension of payments in respect of banks in the United States of America;
(iii) a material outbreak or escalation of armed hostilities or other
international or national calamity involving the United States of America or the
declaration by the United States of a national emergency or war or a change in
national or international financial, political or economic conditions; and (iv)
any material adverse change in the Company’s business, condition (financial or
otherwise) or prospects.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    “Negotiated
Transaction” shall have the meaning set forth in Section
2.2(a)(ii).

     

    “Nominee” shall have the meaning set forth in
Section
4.2.

     

    “Notes” shall have the meaning set forth in
the Recitals.

     

    “Offered
Securities” shall have the
meaning set forth in Section
3.1.

     

    “Offer
Notice” shall have the
meaning set forth in Section
3.1.

     

    “Offer
Price” shall have the
meaning set forth in Section
3.2(a).

    

    “Option
Exercise Notice” shall have
the meaning set forth in Section
3.2(a).

    

    “Option
Period” shall have the
meaning set forth in Section
3.2(a).

    

    “Other
Securities” means any
Notes, Common Stock or other securities of
the Company held by a third party which are contractually entitled to
registration rights or which the Company is registering pursuant to a
registration statement covered by Section
5.3.

     

    “Owned
Shares” shall have the
meaning set forth in Section
4.1.

     

    “Person” means any individual, corporation,
partnership, joint venture, limited liability company, limited liability
partnership, association, joint stock company, trust, unincorporated
organization or other organization, whether or not a legal entity, and any
Governmental Entity.

     

    “Piggyback
Notice” shall have the
meaning set forth in Section
5.3(a).

     

    “Piggyback
Registration” shall have
the meaning set forth in Section
5.3(a).

     

    “Prospectus” means the prospectus included in any
Registration Statement (including a prospectus that discloses information
previously omitted from a prospectus filed as part of an effective Registration
Statement in reliance upon Rule 430A promulgated under the Securities Act), as
amended or supplemented by any prospectus supplement with respect to the terms
of the offering of any portion of the Registrable Securities covered by such
Registration Statement, any Issuer Free Writing Prospectus related thereto, and
all other amendments and supplements to such prospectus, including
post-effective amendments, and all material incorporated by reference or deemed
to be incorporated by reference in such prospectus.

    

    “Proxy” or “Proxies” has the meaning given to such term in
Rule 14a-1 of the Exchange Act.

    

    “Registrable
Securities” means the
Notes and the Conversion
Shares.  As to
any particular Registrable Securities, such securities will cease to be
Registrable Securities when they have been Transferred by a Holder to a party
other than a Holder in accordance with all applicable provisions of this
Agreement.

     

    “Registration
Statement” means any
registration statement of the Company under the Securities Act which permits the
public offering of any of the Registrable Securities pursuant to the provisions
of this Agreement, including the Prospectus, amendments and supplements to such
registration statement, including post-effective amendments, all exhibits and
all material incorporated by reference or deemed to be incorporated by reference
in such registration statement.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    “Representatives” means, with respect to any Person, any
of such Person’s officers, directors, employees, agents, attorneys, accountants,
actuaries, consultants, financial advisors or other Person acting on behalf of
such Person.

     

    “Rule
144” means Rule 144 under
the Securities Act or any successor rule thereto.

     

    “Rule
144A” means Rule 144A under
the Securities Act or any successor rule thereto.

     

    “Rule 144
Sale” shall have the
meaning set forth in Section
2.2(a)(iii).

     

    “Rule 144A
Sale” shall have the
meaning set forth in Section
2.2(a)(iv).

     

    “SEC” means the United States Securities and
Exchange Commission.

     

    “Securities
Act” means the Securities
Act of 1933, as amended, and the rules and regulations
thereunder.

     

    “Settlement
Agreement” means the
Settlement Agreement, dated March [__], 2008 (as amended, supplemented,
replaced or otherwise altered from time to time), between the Company, the UAW,
and certain class representatives, on behalf of the class of plaintiffs in (1)
the class action of
[Int’l Union, UAW, et
al. v. Ford Motor Company, Civil Action No. 07-14845 (E.D. Mich. filed
Nov. 9, 2007), and/or (2) the class action of Int’l Union, UAW, et al. v. Ford
Motor Company, Civil Action No. 05-74730, (E.D. Mich. [July 13], 2006,
aff’d, (6th Cir.
2007)].

     

    “Share
Limitation” means that the
underwriter selected by the Company of any underwritten public offering advises
the Company in writing that in its opinion the number or dollar amount of
securities requested to be included in such offering (whether by the Holder, the
Company or any other holders thereof permitted (by contractual agreement with
the Company or otherwise) to include such securities in such offering) exceeds
the number or dollar amount of securities which can be sold in such offering
without adversely affecting the price, timing, distribution or marketability of
the offering.

     

    “Shelf
Offering” shall have the
meaning set forth in Section
5.1(c).

     

    “Shelf
Period” shall have the
meaning set forth in Section
5.1(b).

     

    “Shelf
Registration Statement”
means (i) a Registration Statement of the Company on Form S-3 (or any successor
form or other appropriate form under the Securities Act) filed with the SEC or
(ii) if the Company is not permitted to file a Registration Statement on Form
S-3, an evergreen Registration Statement on Form S-1 (or any successor form or
other appropriate form under the Securities Act) filed with the SEC, in each
case for an offering to be made on a continuous or delayed basis pursuant to
Rule 415 under the Securities Act covering Registrable Securities. To the extent
the Company is a well-known seasoned issuer (as defined in Rule 405 under the
Securities Act), a “Shelf Registration Statement” shall be deemed to refer to an
automatic shelf registration statement (as defined in Rule 405 under the
Securities Act) on Form S-3.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    “Shelf
Take-Down Notice” shall
have the meaning set forth in Section
5.1(c).

     

    “Solicitation” has the meaning given to such term in
Rule 14a-1 of the Exchange Act.

     

    “Subsidiary” means, with respect to any Person, any
other Person of which more than 50% of the shares of the voting securities or
other voting interests are owned or Controlled, or the ability to select or
elect more than 50% of the directors or similar managers is held, directly or
indirectly, by such first Person or one or more of its
Subsidiaries.

     

    “Transfer” means, directly or indirectly, to
sell, transfer, assign, pledge, hedge, encumber, hypothecate or similarly
dispose of, or to enter into any contract, option or other arrangement or
understanding with respect to the sale, transfer, assignment, pledge,
hedge,  encumbrance, hypothecation or similar
disposition.

     

    “Transfer
Date” means the date on
which the Notes are first transferred from the Initial
Holder to the VEBA or the
date on which the Company's ownership interest in the Initial Holder is
transferred to the VEBA.

     

    “Trustee” shall have the meaning set forth in
the Preamble.

     

    “Trust
Indenture Act” means the
Trust Indenture Act of 1939, as amended, and the rules and regulations
thereunder.

     

    “UAW” means the International Union, United
Automobile, Aerospace and Agricultural Implement Workers of
America.

     

    “VEBA” shall have the meaning set forth in
the Preamble.

     

    “Voting
Securities” means
securities of the Company, including the Common Stock, with the power to vote
with respect to the election of directors of the Company generally and all
securities (including the outstanding Notes) convertible into or exchangeable for
securities of the Company with the power to vote with respect to the election of
directors of the Company generally.

     

    Section 1.2   Terms Generally.  The definitions in
Section
1.1 shall apply equally to
both the singular and plural forms of the terms defined.  Whenever the
context may require, any pronoun shall include the corresponding masculine,
feminine and neuter forms. The words “include”, “includes” and “including” shall
be deemed to be followed by the phrase “without limitation”, unless the context
expressly provides otherwise. All references herein to Sections, paragraphs,
subparagraphs or clauses shall be deemed references to Sections, paragraphs,
subparagraphs or clauses of, this Agreement, unless the context requires
otherwise.  Unless otherwise specified, the words “this Agreement”,
“herein”, “hereof”, “hereto” and “hereunder” and other words of similar import
refer to this Agreement as a whole and not to any particular provision of this
Agreement.  The word “extent” in the phrase “to the extent” shall mean
the degree to which a subject or other thing extends, and such phrase shall not
mean simply “if”.  Unless expressly stated otherwise, any Law defined
or referred to herein means such Law as from time to time amended, modified or
supplemented, including by succession of comparable successor Laws and
references to all attachments thereto and instruments incorporated
therein.  References to a Person are also to its permitted successors
and assigns.  The table of contents and headings contained in this
Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    ARTICLE II

    CERTAIN COVENANTS AND
RESTRICTIONS

     

    Section 2.1   Standstill.  The Holder shall not, and
shall cause its Affiliates not to, during the term of this Agreement, directly
or indirectly, alone or in concert with others, without the prior written
consent of the Board, take any of the actions set forth below (or take any
action that would require the Company to make any public announcement regarding
any of the following):

     

    (a)           acquire, announce an intention to
acquire, offer or propose to acquire or agree to acquire, by purchase or
otherwise, Beneficial Ownership of any Voting Securities other than the
acquisition of Notes on the Transfer Date and the
acquisition of Conversion Shares upon conversion thereof by the
Holder;

     

    (b)           make, or in any way participate in, any
Solicitation of Proxies to vote any Voting Securities or of any written consent
to corporate action from any holders of Voting Securities, seek to advise,
assist, instigate, encourage or influence any Person with respect to the voting
of any Voting Securities, initiate or propose any stockholder proposal or induce
or attempt to induce any other Person to initiate any stockholder
proposal;

     

    (c)           make any statement or proposal, whether
written or oral, to the Board, or to any director, officer or agent of the
Company, or make any public announcement or proposal whatsoever with respect to
a merger or other business combination, sale or transfer of any asset or assets
of the Company that individually or collectively are material to the Company,
recapitalization, extraordinary dividend, share repurchase, liquidation or other
extraordinary corporate transaction involving the Company or any other
transaction which could result in a change of control of the Company, or solicit
or encourage any other Person to make any such statement, proposal or
announcement;

     

    (d)           form, join or in any way participate in
a Group with respect to any Voting Securities of the
Company;

     

    (e)           deposit any Voting Securities into a
voting trust or subject any Voting Securities to any arrangement or agreement
with respect to the voting of any Voting Securities other than as expressly
contemplated by this Agreement;

     

    (f)           call, request the calling of, or
otherwise seek to assist in the calling of, a special meeting of the
stockholders of the Company;

     

    (g)           participate in any meeting of the
stockholders or execute any written consent to corporate action with respect to
the Company, except in accordance with this Agreement;

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    (h)           seek to place a representative on the
Board or seek the removal of any member of the Board;

     

    (i)            act alone or in concert with others to
seek to Control or influence in any manner the management, the Board or the
policies of the Company or any of its Affiliates;

     

    (j)            make a request (public or otherwise) to
the Company (or its directors, officers, stockholders, employees or agents) to
amend or waive this Section
2.1 or the Restated
Certificate of Incorporation or Bylaws of the Company (collectively, the
“Governing
Instruments”), including
any request (public or otherwise) to permit the Holder or its Affiliates, or any
other Person, to take any action in respect of the matters referred to in this
Section
2.1;

     

    (k)           publicly disclose any intention, plan or
arrangement inconsistent with this Section
2.1; or

     

    (l)           
advise, assist, instigate,
encourage or influence any other Person to do any of the
foregoing.

     

    The foregoing provisions shall not
prohibit the Holder from:

     

    (i)           acquiring any interest in any fund or
collective investment vehicle that owns Voting Securities (so long as (x) such
acquisition is not undertaken for the purpose of avoiding this Section
2.1, (y) Voting Securities
comprise no more than 5% of the net asset value of such fund or investment
vehicle and (z) neither the UAW, the Holder nor any of their respective
Affiliates possesses the right, power or ability to Control such fund or
collective investment vehicle or its manager);

     

    (ii)          engaging in Hedging Activities to the
extent permissible under Section
2.2; or

     

    (iii)         subject to Section
2.2, tendering into any
tender or exchange offer as seller.

     

    Furthermore, the foregoing provisions
shall not prohibit the UAW from (i) engaging in collective bargaining activities
with respect to the Company in connection with the UAW’s representation of its
members, (ii) administering or enforcing its rights under any collective
bargaining agreement or other agreement or arrangement with the Company or (iii)
communicating with the UAW’s members regarding such actions or activities (so
long as such actions or activities under clauses (i), (ii) and (iii) are not
undertaken for the purpose of avoiding this Section
2.1).

     

    

     

    Section 2.2   Transfer Restrictions.

     

    (a)           Except for a Transfer of Registrable
Securities from the Initial Holder to the VEBA, the Holder shall not make any Transfer of
any Registrable Securities other than pursuant to any one or more of the
following transactions (provided that the Holder has also first complied with
the terms and conditions contained in Article
III hereof in connection
with such proposed Transfer, and subject to the limitations set forth in this
Section
2.2 and in any restrictive
legends on the Holder’s
Note or Common Stock
certificates):

     

    
      
         

      

      
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    (i)           a Transfer pursuant to a Shelf Offering,
Demand Registration or Piggyback Registration in each case in accordance with
Article
V;

     

    (ii)          a Transfer pursuant to a privately
negotiated transaction or series of related transactions effected on the same
date and at the same price per share or Note with one or more transferees (a
“Negotiated
Transaction”);

     

    (iii)         a Transfer pursuant to Rule 144 (a
“Rule 144
Sale”);

     

    (iv)         a Transfer pursuant to Rule 144A (a
“Rule 144A
Sale”);

     

    (v)         
a Transfer to the Company or a
wholly-owned direct or indirect Subsidiary of the Company pursuant to a
self-tender offer or otherwise;

     

    (vi)          Transfer pursuant to a merger or
consolidation in which the Company or a wholly-owned direct or indirect
Subsidiary of the Company is a constituent corporation; and

     

    (vii)         a Transfer by tendering any or all of
the Registrable Securities into an exchange offer, a tender offer or a request
or invitation for tenders (as such terms are used in Sections 14(d) or 14(e) of
the Exchange Act and the rules and regulations of the SEC thereunder) for Common
Stock if the tender offer has been recommended, and such recommendation has not
been withdrawn, by a committee of the Board consisting solely of members of the
Board (x) who are not officers or employees of the Company, (y) who are not
representatives, nominees or Affiliates of the UAW or the Holder and (z) who are
not representatives, nominees or Affiliates of the bidder (as defined in Rule
14d-1(e) under the Exchange Act) making such tender offer.

     

    Notwithstanding
anything to the contrary in this Section 2.2 (a), no Transfer of a Registrable
Security, other than from the Initial Holder to the VEBA, shall be made prior to
the later of January 1, 2010 or the Transfer Date without the prior written
consent of the Company, which consent shall not be unreasonably
withheld.

     

    (b)           The Holder may not (i) acquire any
securities convertible into or exercisable for the Notes or Common Stock or any securities the
value of which is derived from, or determined by reference to, the Notes or Common Stock or (ii) acquire,
establish or enter into any derivative contract or arrangement the value of
which is derived from, or determined by reference to, the Notes or Common Stock, except for actions
under clause (i) or (ii) that are solely for the purpose of hedging (and that do
not have the effect of increasing) the Holder’s investment in the Notes or the Conversion Shares (such
activities being referred to as “Hedging
Activities”) and subject to
the other limitations set forth in this Agreement.

     

    (c)           Notwithstanding any provisions of this
Agreement to the contrary:

     

    (i)           the aggregate number of (w) Conversion
Shares that are Transferred by the Holder pursuant to one or more Rule 144 Sales
and Rule 144A Sales, (x) Conversion Shares underlying the principal amount of
Notes that are Transferred by the Holder
pursuant to one or more Rule 144 Sales and Rule 144A Sales, (y) Conversion
Shares Transferred in connection with one or more Hedging Activities and (z)
Conversion Shares underlying the principal amount of Notes Transferred in connection with one or
more Hedging Activities shall not exceed 100 million Conversion Shares in any
3-month period; and

     

    
      
         

      

      
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    (ii)           the aggregate number of (w) Conversion
Shares that are Transferred by the Holder pursuant to one or more Shelf
Offerings, Demand Registrations, Rule 144 Sales and Rule 144A Sales, (x)
Conversion Shares underlying the principal amount of Notes that are Transferred by the Holder
pursuant to one or more Shelf Offerings, Demand Registrations, Rule 144 Sales
and Rule 144A Sales, (y) Conversion Shares Transferred in connection with one or
more Hedging Activities and (z) Conversion Shares underlying the principal
amount of Notes Transferred in connection with one or
more Hedging Activities shall not exceed 200 million Conversion Shares in any
12-month period.

     

    (d)           Notwithstanding any provisions of this
Agreement to the contrary, the Holder shall not make a Transfer of any
Registrable Securities to (i) any one Person or Group (whether such Person or
Group is buying for its own account or as a fiduciary on behalf of one or more
accounts) of more than 2% of the Common Stock then outstanding (it being
understood that the Transfer of any principal amount of the Notes shall be deemed for these purposes to
be the Transfer of the underlying Conversion Shares) or (ii) any one Person or
Group if such Person or Group is then required to file, or has filed, or as a
result of such Transfer will be required to file (to the knowledge of the Holder
after reasonable inquiry) a statement on Schedule 13D under the Exchange Act (or
any successor thereto) with respect to the Common Stock and such Person or Group
intends, or has expressly reserved the right, to exert Control or influence over
the Company (to the knowledge of the Holder after reasonable
inquiry).

     

    (e)           If the Registrable Securities subject to
any Transfer are not to be registered under the Securities Act, the Holder
shall, prior to effecting such Transfer, cause each transferee in such Transfer
to represent and warrant to, and covenant and agree with, the Holder and the
Company in writing that (i) such transferee is acquiring such Registrable
Securities for its own account, or for one or more accounts, as to each of which
such transferee exercises sole investment discretion, for investment purposes
only and not with a view to, or for resale in connection with, any distribution
(within the meaning of the Securities Act) and (ii) such transferee does not
constitute an underwriter (within the meaning of the Securities Act) with
respect to the acquisition of such Registrable Securities from the
Holder.  The parties hereto agree that the representations, warranties
and covenants referred to in the immediately preceding sentence shall not be
required from any transferee who receives Registrable Securities pursuant to a
sale in compliance with Rule 144.

     

    (f)           Prior to making any Transfer of
Registrable Securities pursuant to Section
2.2(a)(iii), the Holder
shall deliver to the Company an opinion of counsel reasonably satisfactory to
the Company to the effect that such Transfer may be made without registration
under the Securities Act in reliance upon Rule 144.

    
      
         

      

      
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    (g)           No Transfer of Registrable Securities in
violation of this Agreement, including Article
III hereof, or in violation
of any restrictive legends on the Holder’s Note or Common Stock certificates shall be
made or recorded on the books of the Company and any such Transfer shall be void
and of no effect.

     

    (h)           Upon completion of any Transfer of any
Registrable Securities or the entering into or execution of any Hedging
Activities by or on behalf of the Holder, the Holder shall notify the Company in
writing of (i) the principal amount of Notes and the number of Conversion Shares so
Transferred and (ii) the principal amount of Notes and the number of Conversion Shares so
Transferred pursuant to such Hedging Activities.

     

    Section
2.3            Certificate Legends; Holder
Representations».

     

    (a)           The Holder acknowledges and agrees that
each certificate representing the Holder’s Notes and Conversion Shares shall
conspicuously bear legends in accordance with the Indenture.

     

    (b)           The Holder covenants and agrees that it
will cooperate with the Company and take all action necessary to ensure that
each certificate representing the Holder’s Notes and Conversion Shares shall
conspicuously bear legends, respectively, in substantially the following
forms:

     

    THE SALE, TRANSFER, ASSIGNMENT, HEDGE,
PLEDGE, ENCUMBRANCE, HYPOTHECATION OR DISPOSAL OF THESE NOTES AND THE SHARES OF COMMON STOCK ISSUABLE
UPON CONVERSION HEREOF IS SUBJECT TO THE RESTRICTIONS, TERMS AND CONDITIONS OF
THAT CERTAIN SECURITYHOLDER AND REGISTRATION RIGHTS AGREEMENT, DATED AS OF
[_________], BY AND BETWEEN FORD MOTOR COMPANY AND FORD-UAW HOLDINGS LLC.  COPIES OF SUCH AGREEMENT
MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE
COMPANY.

     

    THE SALE, TRANSFER, ASSIGNMENT, HEDGE,
PLEDGE, ENCUMBRANCE, HYPOTHECATION OR DISPOSAL OF SECURITIES REPRESENTED BY THIS
CERTIFICATE IS SUBJECT TO THE RESTRICTIONS, TERMS AND CONDITIONS OF THAT CERTAIN
SECURITYHOLDER AND REGISTRATION RIGHTS AGREEMENT, DATED AS OF [_________], BY
AND BETWEEN FORD MOTOR
COMPANY AND FORD-UAW HOLDINGS LLC.   COPIES OF SUCH
AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE
COMPANY.

     

    THE
SHARES OF COMMON STOCK REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR
OTHERWISE TRANSFERRED PRIOR TO OCTOBER 1, 2012 EXCEPT UNDER ONE OF THE FOLLOWING
CIRCUMSTANCES: (1) THE COMPANY PROVIDES AN IRREVOCABLE NOTICE OF REDEMPTION
PURSUANT TO SECTION 4.01 OF THE SECOND SUPPLEMENTAL INDENTURE DATED AS OF
JANUARY 1, 2008, BETWEEN FORD MOTOR COMPANY AND THE BANK OF NEW YORK (AS
SUCCESSOR TRUSTEE TO JPMORGAN CHASE BANK), AS TRUSTEE OR (2) IN ANY
CALENDAR QUARTER, THE CLOSING MARKET PRICE OF FORD COMMON STOCK IS EQUAL TO OR
GREATER THAN 120% OF THE THEN CURRENT CONVERSION PRICE (INITIALLY $11.04 PER
SHARE) FOR AT LEAST 20 TRADING DAYS OF THE LAST 30 CONSECUTIVE TRADING DAYS IN
THE PRECEDING CALENDAR QUARTER.

    
      
         

      

      
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    (c)           The Holder represents and warrants that
it, together with its investment managers, has such knowledge and experience in
financial and business matters as to be capable of evaluating the merits and
risks of an investment in the Registrable Securities.  The Holder
understands and acknowledges that the Registrable Securities have not been
registered under the Securities Act or any state securities law and that the
Registrable Securities may not be the subject of any Transfer except as
expressly permitted by this Agreement.

     

     

    ARTICLE III

    RIGHT OF FIRST OFFER

     

    Section 3.1    Offer Notice.  If at any time the Holder
proposes to Transfer Registrable Securities pursuant to Section
2.2(a)(i), (ii), (iii) or (iv), the Holder shall promptly give the
Company written notice of such intention to make the Transfer (the “Offer
Notice”).  The
Offer Notice shall include (i) a description of the Registrable Securities
proposed to be Transferred, (ii) the proposed method of distribution therefor
and (iii) the number of such Registrable Securities proposed to be Transferred
(the “Offered
Securities”).

     

    Section 3.2    Company’s Right of First
Offer.

    

    (a)           The Company shall have an option for a
period of ten (10) days from delivery of the Offer Notice (the “Option
Period”) to elect to offer
to purchase all or any portion of the Offered Securities.  The Company
may exercise such election option by notifying the Holder in writing before
expiration of the Option Period (the “Option
Exercise Notice”) as to (i)
the number of such Offered Securities that it wishes to purchase (the
“Elected
Securities”), (ii) the per
share or per Note cash purchase price that it proposes to
pay the Holder for such Elected Securities (the “Offer
Price”) and (iii) the
material terms and conditions upon which the proposed purchase would be
made.  The Option Exercise Notice shall constitute an offer to
purchase the number of Elected Securities indicated in the Option Exercise
Notice from the Holder at the cash Offer Price and on the other terms and
conditions set forth in the Option Exercise Notice.  The Holder shall
have ten (10) days to accept, in writing, in whole and not in part, the offer
(if any) made by the Company in the Option Exercise Notice.

     

    (b)           If the Holder does not accept the
Company’s offer, the Holder shall be entitled to Transfer all or any portion of
the Offered Securities, subject to the other terms of this Agreement (including
Section
2.2 and Section
5.5(a)), to a purchaser or
purchasers on terms and conditions that are not less favorable to the Holder
than those set forth in the Option Exercise Notice (and that are no more
favorable to the purchaser or purchasers) in the Holder’s reasonable judgment;
provided, that such Transfer of all or any
portion of the Offered Securities to the purchaser or purchasers is completed
within one hundred twenty (120) days after delivery of the Offer Notice to the
Company.  If at the end of the one hundred twenty (120) day period,
the Holder has not completed the Transfer of the Offered Securities, the Holder
shall no longer be permitted to Transfer any of such Offered Securities without
again fully complying with the provisions of this Article
III.

    
      
         

      

      
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    (c)           If the Company (x) does not deliver an
Option Exercise Notice to the Holder before the expiration of the Option Period,
or (y) elects to offer to purchase less than all of such Offered Securities, the
Holder shall be entitled to Transfer (1) all or any portion of the Offered
Securities (in the case of clause (x) above), or (2) any portion of the Offered
Securities that do not constitute Elected Securities (in the case of clause (y)
above), in each case subject to the other terms of this Agreement (including
Section
2.2 and Section
5.5(a)), to a purchaser or
purchasers on any terms and conditions; provided, that such Transfer of the Offered
Securities to the purchaser or purchasers is completed within one hundred twenty
(120) days after delivery of the Offer Notice to the Company.  If at
the end of the one hundred twenty (120) day period, the Holder has not completed
the Transfer of the Offered Securities, the Holder shall no longer be permitted
to Transfer any of such Offered Securities without again fully complying with
the provisions of this Article
III.

     

    Section 3.3    Payment. If the Holder accepts in whole within
ten (10) days any offer made by the Company in the Option Exercise Notice, then
payment by the Company for the Elected Securities shall be made in cash by check
or wire transfer at a time and place agreed upon between the parties, which
shall be no later than sixty (60) days after delivery to the Company of the
Offer Notice; provided, however, that in the event the Company is
unable to effectuate such closing due to legal and/or contractual prohibitions
applicable to the Company or the transaction, the Company shall have the right
to extend such deadline for the closing for up to an additional thirty (30)
days.  For the avoidance of doubt, any obligation of the Company to
effectuate such closing with respect to the Elected Securities shall be subject
to the terms and conditions set forth in the Option Exercise
Notice.

     

    Section 3.4    Assignment of Right of First
Offer.  Notwithstanding any
provision in this Agreement to the contrary, the Company may assign its rights
and obligations under this Article
III to any Person without
the consent of the Holder; provided, that the Company shall be liable to
the Holder for any breach of, or failure to comply with, this Article
III by any such
assignee.

     

    ARTICLE IV

    VOTING AGREEMENT

     

    Section 4.1    Agreement to Vote.  The Holder irrevocably and
unconditionally hereby agrees that from and after the date hereof until the date
of termination of this Agreement in accordance with its terms, at any meeting
(whether annual or special and each adjourned or postponed meeting) of the
Company’s stockholders, however called, or in connection with any written
consent of the Company’s stockholders, the Holder will (i) appear at such
meeting or otherwise cause any and all issued Conversion Shares held or
beneficially owned by the Holder to be counted as present thereat for purposes
of calculating a quorum and (ii) vote or cause to be voted (including by
written consent, if applicable) such issued Conversion Shares held or
beneficially owned by the Holder as of the relevant time (“Owned
Shares”) on each matter
presented to the stockholders of the Company as follows:

    

    (a)           In the case of any proposed amendments
to, or restatements of, the Governing Instruments that are proposed by the
Company to (x) facilitate the transactions contemplated by this Agreement or (y)
to bring the Governing Instruments into conformity with this Agreement, in
either case as may be determined by the Board in its discretion, “for” such
proposal; and

    
      
         

      

      
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    (b)           In the case of any other matter
presented to the stockholders of the Company, in the same proportionate manner
(either “for,” “against,” “withheld” or otherwise) as (x) in the case of
proposed stockholder action at a meeting of the Company’s stockholders, the
holders of Common Stock (other than the Holder and its Affiliates) that were
present and entitled to vote on such matter voted in connection with each such
matter and (y) in the case of proposed stockholder action by written consent,
all the holders of Common Stock (other than the Holder and its Affiliates) that
consented or did not consent in connection with each such
matter.

     

    Section 4.2    Irrevocable Proxy.  The Holder hereby revokes
any and all previous proxies granted with respect to its Owned Shares. 
Subject to the last two sentences of this Section
4.2, upon the request of
the Company and subject to applicable law, the Holder shall, or shall use its
reasonable best efforts to cause any Person serving as the nominee (the
“Nominee”) of the Holder with respect to its
Owned Shares to, irrevocably appoint the Company or its designee as the Holder’s
proxy to vote (or cause to be voted) its Owned Shares in accordance with
Section
4.1 hereof.  Such
proxy shall be irrevocable and coupled with an interest and shall be granted in
consideration of the Company entering into this Agreement and the other
arrangements covered by the Settlement Agreement.  In the event that any
Nominee for any reason fails to irrevocably appoint the Company or its designee
as the Holder’s proxy in accordance with this Section
4.2, the Holder shall cause
such Nominee to vote its Owned Shares in accordance with Section
4.1 hereof.  In the
event that the Holder or any Nominee fails for any reason to vote its Owned
Shares in accordance with the requirements of Section
4.1 hereof, then the
Company or its designee shall have the right to vote the Holder’s Owned Shares
in accordance with Section
4.1.  Subject to
applicable law, the vote of the Company or its designee shall control in any
conflict between the vote by the Company or its designee of the Holder’s Owned
Shares and a vote by the Holder (or any Nominee on behalf of the Holder) of its
Owned Shares.  Notwithstanding the foregoing, the proxy granted by the
Holder and/or any Nominee shall be automatically revoked upon termination of
this Agreement in accordance with its terms.

     

    Section 4.3    Inconsistent Voting
Agreements.  The Holder hereby agrees
that the Holder shall not enter into any agreement, contract or understanding
with any Person prior to the termination of this Agreement directly or
indirectly to vote, grant a proxy or power of attorney or give instructions with
respect to the voting of the Holder’s Owned Shares in any manner which is
inconsistent with this Agreement.

     

    ARTICLE V

    REGISTRATION RIGHTS

     

    Section 5.1    Shelf Registration.

     

    (a)           Subject to Section
5.4, as promptly as
practicable after the date
hereof, the Company shall
file with the SEC a Shelf Registration Statement relating to the offer and sale
of all of the Registrable Securities held by the Holder from time to time in
accordance with the methods of distribution elected by the Holder and set forth
in the Shelf Registration Statement and shall use its reasonable best efforts to
cause such Shelf Registration Statement to be declared effective under the
Securities Act as promptly as practicable after the filing
thereof.

    
      
         

      

      
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    (b)           Subject to Section
5.4, the Company shall use
its reasonable best efforts to keep such Shelf Registration Statement
continuously effective under the Securities Act in order to permit the
Prospectus forming a part thereof to be usable by the Holder until the earlier
of (i) the date as of which all Registrable Securities have been sold pursuant
to the Shelf Registration Statement or another registration statement filed
under the Securities Act (but in no event prior to the applicable period
referred to in Section 4(3) of the Securities Act and Rule 174 thereunder) and
(ii) the date as of which the Holder is permitted to sell its Registrable
Securities without registration pursuant to Rule 144 under the Securities Act
without volume limitation or other restrictions on transfer thereunder (such
period of effectiveness, the “Shelf
Period”).  The
Company shall not be deemed to have used its reasonable best efforts to keep the
Shelf Registration Statement continuously effective during the Shelf Period if
the Company voluntarily takes any action or omits to take any action that would
result in the Holder not being able to offer and sell any Registrable Securities
pursuant to such Shelf Registration Statement, unless such action or omission is
required by applicable law.  The Company shall use its reasonable best
efforts to remain a well-known seasoned issuer (as defined in Rule 405 under the
Securities Act) (and not to become an ineligible issuer (as defined in Rule 405
under the Securities Act)) during the Shelf Period.

     

    (c)           At any time that a Shelf Registration
Statement covering Registrable Securities pursuant to this Section
5.1 is effective, if the
Holder delivers a notice to the Company (a “Shelf
Take-Down Notice”) stating
that the Holder intends to effect an offering of all or part of the Registrable
Securities included by the Holder on the Shelf Registration Statement (a
“Shelf
Offering”) and stating the
number or dollar amount of the Registrable Securities to be included in such
Shelf Offering, then the Company shall amend or supplement the Shelf
Registration Statement as may be necessary in order to enable such Registrable
Securities and Other Securities, as the case may be, to be distributed pursuant
to the Shelf Offering as contemplated by the Shelf Take-Down Notice (taking into
account, in the case of any underwritten public Shelf Offering, the inclusion of
Other Securities by any other holders).

     

    (d)           The number of Shelf Offerings (together
with any Demand Registrations) in any 12-month period shall not exceed one, and
the Holder shall not be entitled to initiate a Shelf Offering unless the Holder
has requested to offer at least the lesser of (A) 50 million Conversion Shares (inclusive of
Conversion Shares underlying any principal amount of the Notes requested to offer) or (B) Registrable
Securities having a fair market value (based (i) in the case of any Conversion
Shares included in the request, upon the closing price of the Conversion Shares
quoted on the principal securities exchange on which such Conversion Shares are
listed on the trading day immediately preceding the date upon which the Holder
delivers a Shelf Take-Down Notice to the Company, and (ii) in the case of any
principal amount of the Notes included in the request, upon the value
of the underlying Conversion Shares based upon the closing price of the
Conversion Shares quoted on the principal securities exchange on which such
Conversion Shares are listed on the trading day immediately preceding the date
upon which the Holder delivers a Shelf Take-Down Notice to the
Company) of $500 million in such Shelf
Offering.

     

    (e)           The Holder may withdraw its Registrable
Securities from a Shelf Offering at any time by providing the Company with
written notice.  Upon receipt of such written notice, the Company
shall cease all efforts to secure registration; provided, however, such registration shall nonetheless be
deemed a Shelf Offering for all purposes hereunder unless (i) the withdrawal is
made following the occurrence of a Material Adverse Change not known to the
Holder at the time of the Shelf-Take Down Notice, (ii) the withdrawal is made
because the registration would require the Company to make an Adverse Disclosure
or (iii) the Holder has paid or reimbursed the Company for all of the reasonable
out-of-pocket fees and expenses incurred by the Company in the preparation,
filing and processing of the withdrawn registration.

    
      
         

      

      
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    (f)           The Company shall, from time to time,
supplement and amend the Shelf Registration Statement if required by the
Securities Act, including the rules, regulations or instructions applicable to
the registration form used by the Company for such Shelf Registration
Statement.

     

    (g)           If an underwritten public Shelf Offering
is subject to a Share Limitation, then there shall be included in such offering
the number or dollar amount of Registrable Securities requested to be included
in such registration by the Holder (and any Other Securities requested to be
included therein by the holders thereof) that in the opinion of the underwriter
selected by the Company can be sold without adversely affecting the price,
timing, distribution or marketability of such offering, and such number or
dollar amount of securities shall be allocated for inclusion pro rata among the holders of all such
securities (including the Registrable Securities of the Holder) on the basis of
the number of securities of the Company owned by each such
holder.

     

    (h)           In connection with an underwritten
public Shelf Offering, the Holder shall have the right to select a nationally
recognized underwriter as the lead or managing underwriter and the Company shall
have the right to select a nationally recognized underwriter as the co-manager
of such underwritten public Shelf Offering, in each case, who shall be
reasonably acceptable to the other party.  In connection with any such
underwritten public Shelf Offering, the Holder and the Company agree that they
will each enter into a customary underwriting agreement with the underwriters
selected pursuant to the preceding sentence, such underwriting agreement to be
reasonably satisfactory in form and substance to the Company, the Holder and the
underwriters (it being understood that the Holder shall not be required to make
any representations and warranties other than with respect to itself, its
ownership of the Registrable Securities and its intended method of distribution
thereof and shall not be required to provide an indemnity other than with
respect to information it provides to the Company in writing expressly for use
in such underwritten Shelf Offering, and any such indemnity shall be limited in
amount to the net proceeds of such Shelf Offering actually received by the
Holder).  The Holder and the Company agree that (i) an equivalent
number or dollar amount of Registrable Securities shall be sold through the lead
or managing underwriter selected by the Holder and the underwriter selected by
the Company in any underwritten public Shelf Offering and (ii) all decisions
regarding whether a Share Limitation is necessary shall be made in the sole
discretion of the underwriter selected by the Company.

     

    Section 5.2    Demand
Registrations.

     

    (a)           If, following the date hereof, the Company is unable to file, cause
to be effective or maintain the effectiveness of a Shelf Registration Statement
as required under Section
5.1, the Holder shall have
the right by delivering a written notice to the Company (a “Demand
Notice”) to require the
Company to, pursuant to the terms of this Agreement, register under and in
accordance with the provisions of the Securities Act the number of Registrable
Securities Beneficially Owned by the Holder and requested by such Demand Notice
to be so registered (a “Demand
Registration”);
provided,
however, that (i) the
number of Demand Registrations (together with any Shelf Offerings) in any
12-month period shall not exceed one and (ii) the Company shall not be required
to register the Registrable Securities requested by the Demand Notice unless the
Holder has requested to offer at least the lesser of (A) 50 million Conversion Shares (inclusive of
Conversion Shares underlying any principal amount of the Notes requested to offer) or (B) Registrable
Securities having a fair market value (based (i) in the case of any Conversion
Shares included in the request, upon the closing price of the Conversion Shares
quoted on the principal securities exchange on which such Conversion Shares are
listed on the trading day immediately preceding the date upon which the Holder
delivers a Demand Notice to the Company, and (ii) in the case of any principal
amount of the Notes included in the request, upon the value
of the underlying Conversion Shares based upon the closing price of the
Conversion Shares quoted on the principal securities exchange on which such
Conversion Shares are listed on the trading day immediately preceding the date
upon which the Holder delivers a Demand Notice to the Company) of $500 million in such Demand
Registration.  The Demand Notice shall also specify the expected
method or methods of disposition of the applicable Registrable
Securities.

    
      
         

      

      
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    (b)           Subject to Section
5.4, following receipt of a
Demand Notice, the Company shall use its reasonable best efforts to file, as
promptly as reasonably practicable, a Registration Statement relating to the
offer and sale of the Registrable Securities requested to be included therein by
the Holder (and any Other Securities requested to be included therein by the
holders thereof) in accordance with the methods of distribution elected by the
Holder in the Demand Notice (a “Demand
Registration Statement”)
and shall use its reasonable best efforts to cause such Registration Statement
to be declared effective under the Securities Act as promptly as practicable
after the filing thereof.

     

    (c)           The Holder may withdraw its Registrable
Securities from a Demand Registration at any time by providing the Company with
written notice.  Upon receipt of such written notice, the Company
shall cease all efforts to secure registration; provided, however, such registration shall nonetheless be
deemed a Demand Registration for all purposes hereunder unless (i) the
withdrawal is made following the occurrence of a Material Adverse Change not
known to the Holder at the time of the Demand Notice, (ii) the withdrawal is
made because the registration would require the Company to make an Adverse
Disclosure or (iii) the Holder has paid or reimbursed the Company for all of the
reasonable out-of-pocket fees and expenses incurred by the Company in the
preparation, filing and processing of the withdrawn
registration.

     

    (d)           If any of the Registrable Securities to
be registered pursuant to a Demand Registration Statement are to be sold in an
underwritten public offering, and such offering is subject to a Share
Limitation, then there shall be included in such offering the number or dollar
amount of Registrable Securities of the same class requested to be included in
such registration by the Holder (and any Other Securities requested to be
included therein by the holders thereof) that in the opinion of the underwriter
selected by the Company can be sold without adversely affecting the price,
timing, distribution or marketability of such offering, and such number or
dollar amount of securities shall be allocated for inclusion pro rata among the holders of all such
securities (including the Registrable Securities of the Holder) on the basis of
the number of such securities of the Company owned by each such
holder.

    
      
         

      

      
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    (e)           In connection with an underwritten
public offering pursuant to a Demand Registration, the Holder shall have the
right to select a nationally recognized underwriter as the lead or managing
underwriter and the Company shall have the right to select a nationally
recognized underwriter as the co-manager of such underwritten public offering,
in each case, who shall be reasonably acceptable to the other
party.  In connection with any such underwritten public offering, the
Holder and the Company agree that they will each enter into a customary
underwriting agreement with the underwriters selected pursuant to the preceding
sentence, such underwriting agreement to be reasonably satisfactory in form and
substance to the Company, the Holder and the underwriters (it being understood
that the Holder shall not be required to make any representations and warranties
other than with respect to itself, its ownership of the Registrable Securities
and its intended method of distribution thereof and shall not be required to
provide an indemnity other than with respect to information it provides to the
Company in writing expressly for use in such underwritten public offering
pursuant to a Demand Registration, and any such indemnity shall be limited in
amount to the net proceeds of such underwritten public offering pursuant to a
Demand Registration actually received by the Holder).  The Holder and
the Company agree that (i) an equivalent number or dollar amount of Registrable
Securities shall be sold through the lead or managing underwriter selected by
the Holder and the underwriter selected by the Company in any underwritten
public offering pursuant to a Demand Registration and (ii) all decisions
regarding whether a Share Limitation is necessary shall be made in the sole
discretion of the underwriter selected by the Company.

     

    Section 5.3    Piggyback
Registration.

     

    (a)           If the Company proposes or is required
to file a registration statement under the Securities Act with respect to an
offering of Common Stock for its own account (other than (i) a registration
statement filed pursuant to Section
5.1, (ii) a registration
statement filed pursuant to Section
5.2, (iii) a registration
statement on Form S-4 or S-8 or any successors thereto, (iv) a registration
statement covering securities convertible into or exercisable or exchangeable
for Common Stock (other than Registrable Securities) or (v) a registration
statement covering an offering of securities solely to the Company’s existing
stockholders or otherwise in connection with any offer to exchange securities),
then the Company shall give prompt written notice of such proposed filing at
least 30 days before the anticipated filing date (the “Piggyback
Notice”) to the
Holder.  The Piggyback Notice shall offer the Holder the opportunity
to include in such registration statement the number of Registrable Securities
(for purposes of this Section
5.3, “Registrable
Securities” shall be deemed to mean solely securities of the same type as those
proposed to be offered by the Company for its own account) as they may request
(a “Piggyback
Registration”).  Subject to Section
5.3(b), the Company shall
include in each such Piggyback Registration all Registrable Securities with
respect to which the Company has received written requests for inclusion therein
within 15 days after notice has been given to the Holder.  The Holder
shall be permitted to withdraw all or part of the Registrable Securities from a
Piggyback Registration at any time up to the pricing date.

     

    (b)           If any of the shares of Common Stock to
be registered pursuant to the registration giving rise to the Holder’s rights
under this Section
5.3 are to be sold in an
underwritten public offering, the Holder shall be permitted to include all
Registrable Securities requested to be included in such registration in such
offering on the same terms and conditions as any other Registrable Securities,
if any, of the Company included therein; provided, that if such offering is subject to a
Share Limitation, then there shall be included in such offering: (i) first, the
number or dollar amount of securities the Company proposes to sell and (ii)
second, the number or dollar amount of Registrable Securities requested to be
included in such registration by the Holder (and any Other Securities requested
to be included therein by the holders thereof) that in the opinion of the
underwriter selected by the Company can be sold without adversely affecting the
price, timing, distribution or marketability of such offering, and such number
or dollar amount of securities shall be allocated for inclusion pro rata among the holders of all such
securities (including the Registrable Securities of the Holder) on the basis of
the number of such securities of the Company owned by each such
holder.

    
      
         

      

      
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    (c)           The Company may select the lead
underwriter and co-manager or co-managers to administer any offering of
Registrable Securities pursuant to a Piggyback Registration; provided,
however, that if the Holder’s Registrable
Securities that are expected to be included in any such offering constitute, in
the Company’s reasonable judgment, at least 25% of the shares of Common Stock
expected to be Transferred in such offering, the Holder shall have the right to
appoint one co-manager (reasonably acceptable to the Company) for such offering,
who shall participate in such offering on the same terms as the co-managers
appointed by the Company.  In connection with any underwritten public
offering pursuant to a Piggyback Registration, the Holder agrees to enter into a
customary underwriting agreement with the Company and the underwriters selected
pursuant to the preceding sentence, such underwriting agreement to be reasonably
satisfactory in form and substance to the Company, the Holder and the
underwriters (it being understood that the Holder shall not be required to make
any representations and warranties other than with respect to itself, its
ownership of the Registrable Securities and its intended method of distribution
thereof and shall not be required to provide an indemnity other than with
respect to information it provides to the Company in writing expressly for use
in such Piggyback Registration, and any such indemnity shall be limited in
amount to the net proceeds of such Piggyback Registration actually received by
the Holder).

     

    (d)           In the event that the Company gives the
Holder notice of its intention to effect an offering pursuant to a Piggyback
Registration and subsequently declines to proceed with such offering, the Holder
shall have no rights in connection with such offering; provided, however, that at the request of the Holder, the
Company shall proceed with such offering, subject to the other terms of this
Agreement, with respect to the Registrable Securities, which registration shall
be deemed to be a Demand Registration for all purposes hereunder.  The
Holder shall participate in any offering of Registrable Securities pursuant to a
Piggyback Registration in accordance with the same plan of distribution for such
Piggyback Registration as the Company or the holder or holders of Common Stock
that proposed such Piggyback Registration, as the case may
be.

     

    (e)           No registration of Registrable
Securities effected pursuant to a request under this Section
5.3 shall be deemed to have
been effected pursuant to Section
5.1 and Section
5.2 or shall relieve the
Company of its obligations under Section
5.1 or Section
5.2.

     

    Section 5.4    Postponement of
Registrations. Notwithstanding anything to the
contrary in Section
5.1 or Section
5.2, the Company may
postpone the filing or effectiveness of any Demand Registration Statement or
Shelf Registration Statement, or suspend the use of any Demand Registration
Statement or Shelf Registration Statement, at any time if the Company
determines, in its sole discretion, that such action or proposed action (i)
would adversely affect or interfere with any proposal or plan by the Company or
any of its Affiliates to engage in any material financing or in any material
acquisition, merger, consolidation, tender offer, business combination,
securities offering or other material transaction or (ii) would require the
Company to make an Adverse Disclosure; provided, however, that the Company will not exercise its
rights of postponement pursuant to this Section
5.4 for more than 180 days
(which need not be consecutive) in any consecutive 12-month
period.  The Company shall promptly notify the Holder of any
postponement pursuant to this Section
5.4 and the Company agrees
that it will terminate any such postponement as promptly as reasonably
practicable and will promptly notify the Holder of such
termination.  In making any such determination to initiate or
terminate a postponement, the Company shall not be required to consult with or
obtain the consent of the Holder or any investment manager therefor (including
the Trustee), and any such determination shall be in the sole discretion of the
Company, and neither the Holder nor any investment manager for the Holder
(including the Trustee) shall be responsible or have any liability
therefor.

    
      
         

      

      
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    Section 5.5    Holdback Period.

     

    (a)           The Holder agrees, in connection with
any underwritten public offering in which the Holder has elected to include
Registrable Securities, or which underwritten public offering is being effected
by the Company for its own account, not to effect any public sale or
distribution of any Common Stock (or securities convertible into or exchangeable
or exercisable for Common Stock) (except as part of such underwritten public
offering) during the period commencing on, and continuing for not more than 60
days (or such shorter period as the managing underwriter(s) may permit) after
the effective date of the registration statement pursuant to which such
underwritten offering shall be made or, in the case of a shelf registration
statement, the period commencing on, and continuing for not more than 60 days
(or such shorter period as the managing underwriter(s) may permit) after the
Company’s notice of a distribution in connection with such offering;
provided, however, that (i) any applicable period shall
terminate on such earlier date as the Company gives notice to the Holder that
the Company declines to proceed with any such offering and (ii) the sum of all
holdback periods shall not exceed 120 days in any given 12-month
period.

     

    (b)           In connection with any underwritten
public offering made pursuant to a Registration Statement filed pursuant to
Section
5.1 or Section
5.2, the Company will not
effect any public sale or distribution of any Common Stock (or securities
convertible into or exchangeable or exercisable for Common Stock) for its own
account (other than (x) a Registration Statement (i) on Form S-4, Form S-8 or
any successor forms thereto or (ii) filed solely in connection with an exchange
offer or any employee benefit or dividend  reinvestment plan or (y)
pursuant to such underwritten offering), during the period commencing on, and
continuing for not more than 60 days (or such shorter period as the managing
underwriter(s) may permit) after the effective date of the registration
statement pursuant to which such underwritten offering shall be made or, in the
case of a Shelf Registration Statement, the period commencing on, and continuing
for not more than 60 days (or such shorter period as the managing underwriter(s)
may permit) after the Company’s notice of a distribution in connection with such
offering, or, in either case, on such earlier date as the Holder gives notice to
the Company that it declines to proceed with any such offering, except (i) for
the issuance of shares of Common Stock upon the conversion, exercise or
exchange, by the holder thereof, of options, warrants or other securities
convertible into or exercisable or exchangeable for the Common Stock pursuant to
the terms of such options, warrants or other securities, (ii) pursuant to the
terms of any other agreement to issue shares of Common Stock (or any securities
convertible into or exchangeable or exercisable for the Common Stock) in effect
on the date of the notice of a proposed Transfer, including any such agreement
in connection with any previously disclosed acquisition, merger, consolidation
or other business combination and (iii) in connection with Transfers to dividend
reinvestment plans or to employee benefit plans in order to enable any such
employee benefit plan to fulfill its funding obligations in the ordinary course,
unless the managing underwriter(s) agree otherwise.  Notwithstanding
the foregoing, the provisions of this Section
5.5 shall be subject to the
provisions of Section
5.4, and if the Company
exercises its rights of postponement pursuant to Section
5.4 with respect to any
proposed underwritten public offering, the provisions of this Section
5.5 shall not apply unless
and until such time as the Company notifies the Holder of the termination of
such postponement and the Holder notifies the Company of its intention to
continue with such proposed offering.

    
      
         

      

      
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    Section 5.6    No Inconsistent
Agreements.  Nothing herein shall
restrict the authority of the Company to grant to any Person the rights to
obtain registration under the Securities Act of any equity securities of the
Company, or any securities convertible into or exchangeable or exercisable for
such securities; provided,
however, that the Company shall not grant any
such rights with respect to the Registrable Securities or securities convertible
into or exchangeable or exercisable for Common Stock that conflicts with the
rights of the Holder under this Agreement.   The Company shall
cause each holder of Common Stock who obtains the right, after the date of the
Registration Rights Agreement, to propose a registration giving rise to a
Piggyback Registration, if any, to agree not to Transfer any shares of
Registrable Securities or securities convertible into or exchangeable or
exercisable for the Common Stock, for the applicable period set forth in
Section
5.5(a).

     

    Section 5.7    Registration
Procedures.

     

    (a)           If and whenever the Company is required
to effect the registration of any Registrable Securities under the Securities
Act as provided in this Article
V, the Company shall effect
such registration to permit the sale of such Registrable Securities in
accordance with the intended method or methods of disposition thereof, and
pursuant thereto the Company shall cooperate in the sale of the securities and
shall, as expeditiously as possible:

     

    (i)           Prepare and file with the SEC a
Registration Statement or Registration Statements on such form which shall be
available for the sale of the Registrable Securities by the Holder or the
Company in accordance with the intended method or methods of distribution
thereof, and use its reasonable best efforts to cause such Registration
Statement to become effective and to remain effective as provided herein;
provided, however, that before filing a Registration
Statement or Prospectus (including any Issuer Free Writing Prospectus related
thereto) or any amendments
or supplements thereto, the Company shall furnish or otherwise make available to the
Holder, its counsel and the managing
underwriter(s), if any, copies of all such documents proposed to be filed, which
documents will be subject to the reasonable review and comment of such counsel (provided
that any comments made on behalf of the Holder and the managing
underwriter(s), if
any, are provided to the Company promptly
upon receipt of the documents but in no event later than ten (10) Business Days after receipt of such
documents by the
Holder), and such other documents reasonably
requested by such counsel, including any comment letter from the SEC, and, if
requested by such counsel, provide such counsel reasonable opportunity to
participate in the preparation of such Registration
Statement and each Prospectus included therein (including any Issuer Free
Writing Prospectus related thereto) and such other opportunities to conduct a
reasonable investigation within the meaning of the Securities Act,
including reasonable access to the
Company’s books and records, officers,
accountants and other advisors. The Company shall not file any such Registration
Statement or Prospectus (including any Issuer Free Writing Prospectus related
thereto) or any amendments or supplements thereto with respect to
any registration pursuant to Section
5.1 or Section
5.2 to which the Holder’s Representative, its counsel, or the managing
underwriter(s), if any, shall reasonably object, in writing, on a timely basis,
unless, in the opinion of
the Company, such filing is necessary to comply with applicable
Law.

    
      
         

      

      
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    (ii)         
Prepare and file with the SEC such
amendments and post-effective amendments to each Registration Statement as may
be reasonably requested by the Holder or necessary to keep such Registration
Statement continuously effective during the period provided herein and comply in
all material respects with the provisions of the Securities Act with respect to
the disposition of all securities covered by such Registration Statement, and
cause the related Prospectus to be supplemented by any Prospectus supplement or
Issuer Free Writing Prospectus as may be necessary to comply with the provisions
of the Securities Act with respect to the disposition of the securities covered
by such Registration Statement, and as so supplemented to be filed pursuant to
Rule 424 or Rule 433, as applicable (or any similar provisions then in force)
under the Securities Act.

     

    (iii)         
Notify the Holder and the managing
underwriter(s), if any, promptly (A) when a Prospectus or any Prospectus
supplement, Issuer Free Writing Prospectus or post-effective amendment has been
filed, and, with respect to a Registration Statement or any post-effective
amendment, when the same has become effective, (B) of any request by the SEC or
any other Governmental Entity for amendments or supplements to a Registration
Statement or related Prospectus or Issuer Free Writing Prospectus or for
additional information, (C) of the issuance by the SEC of any stop order
suspending the effectiveness of a Registration Statement or the initiation of
any proceedings for that purpose, (D) if at any time the representations and
warranties of the Company contained in any agreement (including any underwriting
agreement contemplated by Section
5.7(a)(xvi) below) cease to
be true and correct, (E) of the receipt by the Company of any notification with
respect to the suspension of the qualification or exemption from qualification
of any of the Registrable Securities for sale in any jurisdiction, or the
initiation or threatening of any proceeding for such purpose, and (F) of the
happening of any event that makes any statement made in such Registration
Statement or related Prospectus or Issuer Free Writing Prospectus untrue in any
material respect or that requires the making of any changes in such Registration
Statement, Prospectus, documents or Issuer Free Writing Prospectus so that, in
the case of the Registration Statement, it will not contain any untrue statement
of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein not misleading, and that in
the case of any Prospectus or Issuer Free Writing Prospectus, it will not
contain any untrue statement of a material fact or omit to state any material
fact necessary in order to make the statements therein, in light of the
circumstances under which they were made, not
misleading.

    
      
         

      

      
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    (iv)         Use its reasonable best efforts to
obtain the withdrawal of any order suspending the effectiveness of a
Registration Statement, or the lifting of any suspension of the qualification
(or exemption from qualification) of any of the Registrable Securities for sale
in any jurisdiction at the reasonably earliest practical
date.

     

    (v)         
If requested by the managing
underwriter(s), if any, or
the Holder, promptly include in a Prospectus supplement, post-effective
amendment or Issuer Free Writing Prospectus such information as the managing
underwriter(s), if any, or the Holder may reasonably request in order to permit
the intended method of distribution of such
securities and make all required filings of such Prospectus supplement, such
post-effective amendment or Issuer Free Writing Prospectus as soon as
practicable after the Company has received such request.

     

    (vi)          Furnish or make available to the Holder,
and each managing underwriter, if any, without charge, such number of conformed
copies of the Registration Statement and each post-effective amendment thereto,
including financial statements (but excluding schedules, all documents
incorporated or deemed to be incorporated therein by reference, and all
exhibits, unless requested in writing by the Holder, counsel or managing
underwriter(s)), and such other documents, as the Holder or such managing
underwriter(s) may reasonably request, and upon request a copy of any and all
transmittal letters or other correspondence to or received from the SEC or any
other Governmental Entity relating to such offering.

     

    (vii)         Deliver to the Holder, and the managing
underwriter(s), if any, without charge, as many copies of the Prospectus or
Prospectuses (including each form of Prospectus and any Issuer Free Writing
Prospectus related to any such Prospectuses) and each amendment or supplement
thereto as such Persons may reasonably request in connection with the
distribution of the Registrable Securities; and the Company, subject to
Section
5.7(b), hereby consents to
the use of such Prospectus and each amendment or supplement thereto by each of
the Holder and the managing underwriter(s), if any, in connection with the
offering and sale of the Registrable Securities covered by such Prospectus and
any such amendment or supplement thereto.

     

    (viii)       Prior to any public offering of
Registrable Securities, use its reasonable best efforts to register or qualify
or cooperate with the Holder, the managing underwriter(s), if any, and their
respective counsel in connection with the registration or qualification (or
exemption from such registration or qualification) of such Registrable
Securities for offer and sale under the securities or “Blue Sky” laws of such
jurisdictions within the United States as any seller or managing underwriter(s)
reasonably requests in writing and to keep each such registration or
qualification (or exemption therefrom) effective during the period such
Registration Statement is required to be kept effective and to take any other
action that may be necessary or advisable to enable the Holder to consummate the
disposition of such Registrable Securities in such jurisdiction; provided, however, that the Company will not be required
to (i) qualify generally to do business in any jurisdiction where it is not then
so qualified or (ii) take any action that would subject it to general service of
process in any such jurisdiction where it is not then so
subject.

    
      
         

      

      
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    (ix)          Cooperate with the Holder and the
managing underwriter(s), if any, to facilitate the timely preparation and
delivery of certificates (not bearing any legends) representing
Registrable Securities to be sold after receiving a written representation from the Holder that the
Registrable Securities represented by the certificates so delivered by the
Holder will be transferred in accordance with the Registration Statement, and
enable such Registrable Securities to be in such denominations and
registered in such names as the managing
underwriter(s), if any, or the Holder may request at least two (2) Business Days prior to any sale of
Registrable Securities.

     

    (x)           Upon the occurrence of any event
contemplated by Section
5.7(a)(iii)(B) through
Section
5.7(a)(iii)(F), at the
request of the Holder, prepare and file with the SEC a supplement or
post-effective amendment to the Registration Statement, Prospectus or Issuer
Free Writing Prospectus so that, as thereafter delivered to the purchasers of
such Registrable Securities, such Prospectus will not contain an untrue
statement of a material fact or omit to state any material fact necessary to
make the statements therein, in light of the circumstances in which they are
made, not misleading.

     

    (xi)          Prior to the effective date of the
Registration Statement relating to the Registrable Securities, provide a CUSIP
number for the Registrable Securities.

     

    (xii)         Use its reasonable best efforts to cause
the Notes covered by a Registration Statement to
be rated with such appropriate rating agencies (unless such Notes are already rated), if so requested in
writing by the Holder or the managing underwriter(s), if
any.

     

    (xiii)        Use its reasonable best efforts to cause
the Notes covered by any Registration Statement
to be listed on each securities exchange, if any, on which similar debt
securities issued by the Company are then listed.

     

    (xiv)        So long as the Common Stock is listed on
any United States securities exchange or a quotation system, use its best
efforts to cause all of the Conversion Shares to be listed on such exchange or
quotation system.

     

    (xv)         Provide and cause to be maintained a
transfer agent and registrar for all Registrable Securities covered by such
Registration Statement from and after a date not later than the effective date
of such Registration Statement.

     

    (xvi)       
Enter into such agreements
(including an underwriting agreement in form, scope and substance as is
customary in underwritten offerings) and take all such other actions reasonably
requested by the Holder or by the managing underwriter(s), if any, to expedite
or facilitate the disposition of such Registrable Securities, and in connection therewith, whether
or not an underwriting agreement is entered into and whether or not the
registration is an underwritten registration, (i) make such
representations and warranties to the Holder and the managing underwriter(s), if
any, with respect to the business of the Company and its
Subsidiaries, and the
Registration Statement, Prospectus and documents, if any,
incorporated or deemed to
be incorporated by reference therein, in each case, in form, substance and scope
as are customarily made by the Company in its underwritten offerings, and, if true,
confirm the same if and when requested, (ii) use its reasonable best
efforts to furnish to the
Holder opinions of counsel to the Company and
updates thereof (which counsel and opinions (in form,
scope and substance) shall be reasonably satisfactory to the managing
underwriter(s), if any, and
counsel to the Holder),
addressed to the Holder and each of the managing
underwriter(s), if any, covering the matters customarily covered in opinions
provided by the Company in
its underwritten offerings
and such other matters as may be reasonably requested by such counsel and
managing underwriter(s),
(iii) use its reasonable best efforts to obtain “cold comfort” letters and updates thereof from the
independent registered
public accounting firm of
the Company (and, if necessary, any other independent registered public accounting
firm of any
Subsidiary of the Company
or of any business acquired by the Company for which financial statements and
financial data are, or are required to be, included in the Registration
Statement) who have certified the financial statements included in such
Registration Statement, addressed to the Holder (unless such accountants shall be
prohibited from so addressing such letters by applicable standards of the
accounting profession) and each of the managing underwriter(s), if any, such
letters to be in customary form and covering matters of the type
customarily covered in “cold comfort” letters in connection with the Company's underwritten offerings, (iv) if an
underwriting agreement is entered into, the same shall contain indemnification
provisions and procedures substantially to the effect set forth in
Article
VI hereof with respect to
all parties to be indemnified pursuant to said Article except as otherwise agreed by the
Holder and the managing underwriter(s) and (v)
deliver such documents and certificates as may be reasonably requested by the Holder,
its counsel and the managing
underwriter(s), if any, to evidence the continued validity of the
representations and warranties made pursuant to clause (i) above and to evidence
compliance with any customary conditions contained in the underwriting agreement or
other agreement entered into by the Company.  The above shall be done
at each closing under such underwriting or similar agreement, or as and to the
extent required thereunder.

    
      
         

      

      
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    (xvii)      Upon execution of a customary
confidentiality agreement,
make available for inspection by a Representative of the Holder, the
managing underwriter(s), if any, and any attorneys, accountants or other agents or Representatives
retained by the Holder or managing underwriter(s), at the
offices where normally
kept, during reasonable business hours, financial and other records, pertinent
corporate documents and properties of the Company and its Subsidiaries, and
cause the officers, directors and employees of the Company and its Subsidiaries
to supply all information in each case
reasonably requested by any such Representative, managing underwriter(s),
attorney, accountant or Representatives in connection with such Registration
Statement.

     

    (xviii)     Otherwise use its reasonable best
efforts to comply with all
applicable rules and regulations of the SEC and any applicable national
securities exchange, and make available to the Holder, as soon as reasonably practicable (but
not more than 18 months) after the effective date of the
Registration Statement, an earnings statement which shall
satisfy the provisions of Section 11(a) of the Securities
Act.

     

    (b)           Each of the parties will treat all
notices of proposed Transfers and registrations, and all information relating to
any blackout periods under Section
5.4 received from the other
party with the strictest confidence (and in accordance with the terms of any
applicable confidentiality agreement among the Company and the Holder) and will
not disseminate such information.  Nothing herein shall be construed
to require the Company or any of its Affiliates to make any public disclosure of
information at any time.  In the event the Company has notified the
Holder of any occurrence of any event contemplated by Section
5.7(a)(iii)(B) through
Section
5.7(a)(iii)(F) then the
Holder shall not deliver such Prospectus or Issuer Free Writing Prospectus to
any purchaser and will forthwith discontinue disposition of any Registrable
Securities covered by such Registration Statement, Prospectus or Issuer Free
Writing Prospectus unless and until a supplement or post-effective amendment to
such Prospectus or Issuer Free Writing Prospectus has been prepared and filed as
set forth in Section
5.7(a)(x) or until the
Company advises the Holder in writing that the use of such Prospectus or Issuer
Free Writing Prospectus may be resumed.

    
      
         

      

      
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    (c)           The Holder shall cooperate with the
Company in the preparation and filing of any Registration Statement under the
Securities Act pursuant to this Agreement and provide the Company with all
information reasonably necessary to complete such preparation as the Company
may, from time to time, reasonably request in writing and the Company may
exclude from such registration the Registrable Securities of the Holder if the
Holder unreasonably fails to furnish such information within a reasonable time
after receiving such request.

     

    Section 5.8   Participation in Public Offering Transfers.

     

    (a)           In the case of an underwritten offering
made pursuant to a Registration Statement filed pursuant to Section
5.1 or Section
5.2, the price,
underwriting discount and other financial terms for each class of Registrable
Securities of the related underwriting agreement shall be determined by the
Holder.  In the case of any underwritten offering registered pursuant
to the registration giving rise to the Holder’s rights under Section
5.3, such price,
underwriting discount and other financial terms shall be determined by the
Company, subject to the right of the Holder to withdraw its request to
participate in the registration pursuant to Section
5.3(a).

     

    (b)           The Holder may not participate in any
underwritten Transfers hereunder unless it (i) agrees to sell its securities on
the basis provided in any customary underwriting arrangements approved by the
Person or Persons entitled hereunder to approve such arrangements and (ii)
completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements, custodian agreements and other documents customarily
required under the terms of such underwriting arrangements, it being understood
that the Holder shall not be required to make any representations and warranties
other than with respect to itself, its ownership of the Registrable Securities
and its intended method of distribution thereof and shall not be required to
provide an indemnity other than with respect to information it provides to the
Company in writing expressly for use in such underwritten Transfer, and any such
indemnity shall be limited in amount to the net proceeds of such underwritten
Transfer actually received by the Holder.

     

    Section
5.9    Cooperation by
Management.             The Company shall make
available members of the management of the Company and its Affiliates for
reasonable assistance in the selling efforts relating to any offering of the
Registrable Securities, to the extent customary for such offering (including,
without limitation, to the extent customary, senior management attendance at due
diligence meetings with prospective investors or underwriters and their counsel
and road shows), and for such assistance as is reasonably requested by the
Holder and its counsel in the selling efforts relating to any such offering;
provided, however, that management need only be made
available for (i) one offering in any 12-month period and (ii) an offering that
contemplates a sale of at least 20 million Conversion Shares (inclusive of
Conversion Shares underlying any principal amount of the Notes included in such
offering).

    
      
         

      

      
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    Section 5.10    Registration Expenses and Legal
Counsel.  The Company shall pay all
reasonable fees and expenses incident to the performance of or compliance with
its obligations under this Article
V, including (i) all
registration and filing fees (including fees and expenses (A) with respect to
filings required to be made with all applicable securities exchanges and/or the
Financial Industry
Regulatory Authority, Inc.
and (B) of compliance with securities or Blue Sky laws including any fees and
disbursements of counsel for the underwriter(s) in connection with Blue Sky
qualifications of the Registrable Securities pursuant to Section
5.7(a)(viii)), (ii)
printing expenses (including expenses of printing certificates for Registrable
Securities in a form eligible for deposit with The Depository Trust Company and
of printing Prospectuses if the printing of Prospectuses is requested by the
managing underwriter(s), if any, or by the Holder), (iii) messenger, telephone
and delivery expenses of the Company, (iv) fees and disbursements of counsel for
the Company, (v) expenses of the Company incurred in connection with any “road
show”, (vi) fees and disbursements of all independent registered public accounting
firms (including, without
limitation, the expenses of any special audit and “cold comfort” letters
required by or incident to this Agreement) and any other persons, including
special experts, retained by the Company and (vii) fees up to $250,000 and
reasonable disbursements of one legal counsel for the Holder in connection with
each registration of Registrable Securities or sale of Registrable Securities
under the Shelf Registration Statement, provided that a registration or sale
either is effected or is postponed pursuant to Section
5.4.  For the
avoidance of doubt, the Company shall not be required to pay underwriting
discounts and commissions and transfer taxes, if any, relating to the sale or
disposition of Registrable Securities pursuant to any Registration Statement, or
any other expenses of the Holder.  In addition, the Company shall bear
all of its internal expenses (including all salaries and expenses of its
officers and employees performing legal or accounting duties), the expense of
any annual audit, the fees and expenses incurred in connection with the listing
of the securities to be registered on any securities exchange or inter-dealer
quotation system on which similar securities issued by the Company are then
listed and rating agency fees and the fees and expenses of any Person, including
special experts, retained by the Company.

    

    Section 5.11    Rules 144 and 144A and Regulation
S.  The Company covenants that
it will file the reports required to be filed by it under the Securities Act and
the Exchange Act and the rules and regulations adopted by the SEC thereunder
(or, if the Company is not required to file such reports, it will, upon the
reasonable request of the Holder, make publicly available such necessary
information for so long as necessary to permit sales pursuant to Rules 144, 144A
or Regulation S under the Securities Act), and it will take any such further
action as the Holder may reasonably request, all to the extent required from
time to time to enable the Holder to sell Registrable Securities without
registration under the Securities Act within the limitation of the exemptions
provided by (i) Rules 144, 144A or Regulation S under the Securities Act, as
such Rules may be amended from time to time, or (ii) any similar rule or
regulation hereafter adopted by the SEC.

    
      
         

      

      
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    ARTICLE VI

    INDEMNIFICATION

     

    Section 6.1    Indemnification by the
Company.  The Company agrees to
indemnify and hold harmless, to the fullest extent permitted by law, the Holder,
the trustee of the Holder, the investment manager or managers acting on behalf
of the Holder with respect to the Registrable Securities, Persons, if any, who
Control any of them, and each of their respective Representatives (each an
“Indemnitee”), from and against any and all losses,
penalties, judgments, suits, costs, claims, damages, liabilities and expenses,
joint or several (including reasonable costs of investigation and legal
expenses) (“Losses”) arising out of or caused by any
untrue statement or alleged untrue statement of a material fact contained in any
Registration Statement described herein or any related Prospectus or Issuer Free
Writing Prospectus relating to the Registrable Securities (as amended or
supplemented if the Company shall have furnished any amendments or supplements
thereto), or arising out of or caused by any omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make
the statements therein in the case of the Prospectus, in light of the
circumstances in which they were made, not misleading, except insofar as such
Losses arise out of or are caused by any such untrue statement or omission
included or omitted in conformity with information furnished to the Company in
writing by such Indemnitee or any Person acting on behalf of such Indemnitee
expressly for use therein; provided, however, that the foregoing indemnity agreement
shall not inure to the benefit of such Indemnitee if the Company shall have complied with its
obligation to furnish copies of the Prospectus and any Issuer Free Writing
Prospectus in accordance with Section
5.7(a)(vii) and
such Indemnitee, or any underwriter, broker or dealer
selected by it, shall have failed to comply with its
obligations under Section
5.7(b) to discontinue use
of a Prospectus or Issuer Free Writing Prospectus in accordance
therewith. This indemnity
shall be in addition to any liability the Company may otherwise have under this
Agreement or otherwise.  Such indemnity shall remain in full force and
effect regardless of any investigation made by or on behalf of the Holder or any
indemnified party and shall survive the transfer of Registrable Securities by
the Holder.

     

    Section 6.2    Indemnification by the
Holder.  The Holder agrees, to the
fullest extent permitted under applicable law, and each underwriter selected
shall agree, severally and not jointly, to indemnify and hold harmless each of
the Company, its directors, officers, employees and agents, and each Person, if
any, who Controls the Company, to the same extent as the foregoing indemnity
from the Company, but only with respect to Losses arising out of or caused by an
untrue statement or omission included or omitted in conformity with information
furnished in writing by or on behalf of the Holder or such underwriter, as the
case may be, expressly for use in any Registration Statement described herein or
any related Prospectus relating to the Registrable Securities (as amended or
supplemented if the Company shall have furnished any amendments or supplements
thereto) or arising out of
or caused by the failure of the Holder, or each underwriter, broker or dealer
selected by the Holder, to comply with its obligations under
Section
5.7(b) to discontinue use
of a Prospectus or Issuer Free Writing Prospectus in accordance
therewith. No claim against
the assets of the Holder shall be created by this Section
6.2, except as and to the
extent permitted by applicable law.  Notwithstanding the foregoing,
the Holder shall not be liable to the Company or any such Person for any amount
in excess of the net amount received by the Holder from the sale of Registrable
Securities in the offering giving rise to such liability.

     

    Section 6.3    Indemnification
Procedures.

    
      
         

      

      
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    (a)           In case any claim is asserted or any
proceeding (including any governmental investigation) shall be instituted where
indemnity may be sought by an Indemnitee pursuant to any of the preceding
paragraphs of this Article
VI, such Indemnitee shall
promptly notify in writing the Person against whom such indemnity may be sought
(the “Indemnitor”); provided, however, that the omission so to notify the
Indemnitor shall not relieve the Indemnitor of any liability which it may have
to such Indemnitee except to the extent that the Indemnitor was prejudiced by
such failure to notify.  The Indemnitor, upon request of the
Indemnitee, shall retain counsel reasonably satisfactory to the Indemnitee to
represent (subject to the following sentences of this Section
6.3(a)) the Indemnitee and
any others the Indemnitor may designate in such proceeding and shall pay the
fees and disbursements of such counsel related to such proceeding.  In
any such proceeding, any Indemnitee shall have the right to retain its own
counsel, but the fees and expenses of such counsel shall be at the expense of
such Indemnitee unless (i) the Indemnitor and the Indemnitee shall have mutually
agreed to the retention of such counsel, (ii) the Indemnitor fails to take
reasonable steps necessary to defend diligently any claim within ten calendar
days after receiving written notice from the Indemnitee that the Indemnitee
believes the Indemnitor has failed to take such steps, or (iii) the named
parties to any such proceeding (including any impleaded parties) include both
the Indemnitor and the Indemnitee and representation of both parties by the same
counsel would be inappropriate due to actual or potential differing interests or
legal defenses between them and, in all such cases, the Indemnitor shall only be
responsible for the reasonable fees and expenses of such counsel.  It
is understood that the Indemnitor shall not, in connection with any proceeding
or related proceedings in the same jurisdiction, be liable for the reasonable
fees and expenses of more than one separate law firm (in addition to any local
counsel) for all such Indemnitees not having actual or potential differing
interests or legal defenses among them, and that all such fees and expenses
shall be reimbursed as they are incurred.  In the case of any such
firm for the VEBA or any Control Person of the VEBA, such firm shall be
designated in writing by the named fiduciary (as determined in accordance with
Section 402(a) of ERISA).  The Indemnitor shall not be
liable for any settlement of any proceeding affected without its written
consent.

     

    (b)           If the indemnification provided for in
this Article
VI is unavailable to an
Indemnitee in respect of any Losses referred to herein, then the Indemnitor, in
lieu of indemnifying such Indemnitee hereunder, shall contribute to the amount
paid or payable by such Indemnitee as a result of such Losses in such proportion
as is appropriate to reflect the relative fault of the Indemnitor and the
Indemnitee and Persons acting on behalf of or Controlling the Indemnitor or the
Indemnitee in connection with the statements or omissions or violations which
resulted in such Losses, as well as any other relevant equitable
considerations.  If the indemnification described in Section
6.1 or Section
6.2 is unavailable to an
Indemnitee, the relative fault of the Company, the Holder and Persons acting on
behalf of or Controlling the Company or the Holder shall be determined by
reference to, among other
things, whether the untrue
or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the
Company, the Holder or by Persons acting on behalf of the Company or the Holder
and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission.  The
Indemnitor shall not be required to contribute pursuant to this Section
6.3(b) if there has been a
settlement of any proceeding affected without its written consent.  No
claim against the assets of the Holder shall be created by this Section
6.3(b), except as and to
the extent permitted by applicable law.  Notwithstanding the
foregoing, the Holder shall not be required to make a contribution in excess of
the net amount received by the Holder from the sale of Registrable Securities in
the offering giving rise to such liability.

     

    
      
         

      

      
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    Section 6.4    Survival.  The indemnification
contained in this Article
VI shall remain operative
and in full force and effect regardless of any termination of this
Agreement.

     

    ARTICLE VII

    MISCELLANEOUS

     

    Section 7.1    Binding Effect;
Assignment.  This Agreement shall be
binding upon and shall inure to the benefit of and be enforceable by each of the
parties and their successors and permitted assigns.  The rights or obligations under this
Agreement may be
assigned only (i) as contemplated by Section
3.4, (ii) in connection with a Transfer of
Registrable Securities by the Initial Holder to the VEBA or the trustee thereof, as appropriate, pursuant to the Settlement Agreement, or
(iii) in connection with a sale by the Initial Holder or the VEBA or the trustee
thereof, as appropriate, of the Registerable Securities in a Negotiated
Transaction in which the purchaser/transferee executes an assignment and
assumption agreement reasonably satisfactory to the Company pursuant to which
such purchaser agrees to assume the transferor's obligations set forth in
Sections 2.1, 2.2 (a), (c), (d), (e), (f), and (h), 2.3, 5.1, 5.2, 5.5, 5.7(b),
5.7(c), and 6.2 and Articles III and IV of this Agreement.  Except as
described in the immediately preceding sentence, none of the rights or obligations under
this Agreement shall be assigned without the consent of the other parties
hereto.

     

    Section 7.2    Adjustments; Restatement of
Agreement.  In the event of any stock
dividend or distribution, stock split (forward or reverse), combination of
shares, recapitalization, merger, consolidation, redemption, exchange of
securities or other reorganization or reclassification after the date hereof
with respect to the Registrable Securities or similar transactions affecting the
Registrable Securities, all references herein to any designation of securities
and to any specific number of shares or Registrable Securities shall be
appropriately adjusted to give full effect thereto. Further, in the event of any
of the foregoing transactions, the Company shall be entitled, without the
consent of any other party hereto, to restate this Agreement in its entirety to
reflect such adjustments, and the Company and the Holder hereby agree to execute
any such restatement of this Agreement.

     

    Section 7.3    Termination.  All rights, restrictions
and obligations of the parties hereto shall terminate and this Agreement shall
have no further force and effect upon the date the Holder reduces its aggregate
ownership of the Registrable Securities such that the Conversion Shares held by
the Holder represent less than 2% of the aggregate number of shares of Common
Stock then outstanding (it being understood that, for purposes of this
Section
7.3, all Conversion Shares
issuable upon conversion of the outstanding principal amount of the Notes held by the Holder shall be deemed to
be outstanding and held by the Holder); provided, that (i) all rights and obligations
under Section
5.1 through Section
5.8 and Section
5.10, if they have not
previously terminated, shall terminate on the date when the Holder is able to
sell all the Registrable Securities immediately without restriction pursuant to
Rule 144 and (ii) all rights and obligations under Article
VI and Article
VII shall continue in
perpetuity.

     

    Section 7.4    Amendments and
Waivers.  Except as otherwise
provided herein, the provisions of this Agreement may not be amended, modified
or supplemented except by a writing signed by the Company and the
Holder.  Any obligation of, or restriction applicable to, the Holder
hereunder may be waived by a writing signed by the Company.  Any
obligation of, or restriction applicable to, the Company hereunder may be waived
by a writing signed by the Holder.

    
      
         

      

      
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    Section
7.5              Attorneys’ Fees».  In any action or proceeding
brought to enforce any provision of this Agreement or where any provision hereof
is validly asserted as a defense, the successful party shall, to the extent
permitted by applicable law, be entitled to recover reasonable attorneys’ fees
in addition to any other available remedy.

     

    Section
7.6             Notices».  All notices and other
communications provided for or permitted hereunder shall be in writing and,
except as specified herein, shall be made by hand delivery, by registered or
certified first-class mail, return receipt requested, overnight courier or
facsimile transmission:

     

    (i)           If to the Company:

     

    Ford Motor Company

    One American Road

    Dearborn, Michigan 48126

    Attention:    Treasurer

    Telephone:   (313) 845-5575

    Facsimile:      (212) 418-3695

    

    with a copy
to:

    

    Ford Motor Company

    One American Road

    Dearborn, Michigan 48126

    Attention:    Secretary

    Telephone:   (313) 323-2130

    Facsimile:      (313) 248-8713

    

    

    (ii)           If to the Holder:

     

    Ford-UAW Holdings
LLC

    15041 Commerce Drive
South

    Rotunda Court #4

    Dearborn,
MI  48120

    Attention:  Director – Employee Benefits
Finance

    Telephone:   (313) 253-7409

    Facsimile:      (313) 248-4425

    

    with a copy
to:

    

    Cleary Gottlieb Steen & Hamilton
LLP

    One Liberty
Plaza

    
      
         

      

      
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    New York, New York
10006

    Attention:    Richard S. Lincer, Esq./David I.
Gottlieb, Esq.

    Telephone:   (212) 225-2000

    Facsimile:      (212) 225-3999

    

    All notices and communications shall be
deemed to have been duly given and received: when delivered by hand, if hand
delivered; the fifth Business Day after being deposited in the mail, registered
or certified, return receipt requested, first class postage prepaid, or earlier
Business Day actually received, if mailed; the first Business Day after being
deposited with an overnight courier, postage prepaid, if by overnight courier;
upon oral confirmation of receipt, if by facsimile transmission.  Each
party agrees promptly to confirm receipt of all notices.

     

    Section 7.7    No Third Party
Beneficiaries.  This Agreement shall be for
the sole and exclusive benefit of (i) the Company and its successors and
permitted assigns, (ii) the Holder, the trustee of the Holder (following an assignment hereof from
the Initial Holder to the VEBA) and any other investment manager or
managers acting on behalf of the Holder with respect to the Registrable
Securities and their respective successors and permitted assigns and (iii) each
of the Persons entitled to indemnification under Article
VI
hereof.  Nothing in this Agreement shall be construed to give any
other Person any legal or equitable right, remedy or claim under this
Agreement.

     

    Section 7.8    Cooperation.  Each party hereto shall
take such further action, and execute such additional documents, as may be
reasonably requested by any other party hereto in order to carry out the
purposes of this Agreement.

     

    Section 7.9    Counterparts.  This Agreement may be
executed in counterparts, and shall be deemed to have been duly executed and
delivered by all parties when each party has executed a counterpart hereof and
delivered an original or facsimile copy thereof to the other
party.  Each such counterpart hereof shall be deemed to be an
original, and all of such counterparts together shall constitute one and the
same instrument.

     

    Section 7.10    Remedies.

     

    (a)           Each party hereto acknowledges that
monetary damages would not be an adequate remedy in the event that any of the
covenants or agreements in this Agreement is not performed in accordance with
its terms, and it is therefore agreed that, in addition to and without limiting
any other remedy or right it may have, the non-breaching party will have the
right to an injunction, temporary restraining order or other equitable relief in
any state court sitting in the State of New York enjoining any such breach or
threatened breach and enforcing specifically the terms and provisions hereof.
Each party hereto agrees not to oppose the granting of such relief in the event
such court determines that such a breach has occurred, and to waive any
requirement for the securing or posting of any bond in connection with such
remedy.

     

    (b)           All rights, powers and remedies provided
under this Agreement or otherwise available in respect hereof at law or in
equity shall be cumulative and not alternative, and the exercise or beginning of
the exercise of any thereof by any party shall not preclude the simultaneous or
later exercise of any other such right, power or remedy by such
party.

    
      
         

      

      
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    Section 7.11    GOVERNING LAW; FORUM
SELECTION.  THIS AGREEMENT SHALL BE
GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES THEREOF.  ANY ACTION
OR PROCEEDING AGAINST THE PARTIES RELATING IN ANY WAY TO THIS AGREEMENT MAY BE
BROUGHT AND ENFORCED EXCLUSIVELY IN THE COURTS OF THE STATE OF NEW
YORK LOCATED IN THE BOROUGH OF MANHATTAN OR
(TO THE EXTENT SUBJECT MATTER JURISDICTION EXISTS THEREFORE) THE U.S. DISTRICT
COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, AND THE PARTIES IRREVOCABLY SUBMIT
TO THE JURISDICTION OF BOTH SUCH COURTS IN RESPECT OF ANY SUCH ACTION OR
PROCEEDING.

     

    Section 7.12    WAIVER OF JURY TRIAL.  EACH OF THE PARTIES HERETO
HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY
ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE
TRANSACTIONS CONTEMPLATED HEREBY.  EACH OF THE PARTIES HEREBY (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS
CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION
7.12.

     

    Section 7.13    Severability.  If any provision of this
Agreement shall be held to be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.

     

    Section 7.14    Acknowledgments.  The Holder agrees that
it will obtain written acknowledgments, and provide a copy of such
acknowledgments to the Company, from each of its underwriters, brokers,
dealers and investment managers
with respect to the Registrable Securities and from the valuation advisers of
the trustee of the Holder
(following
an assignment hereof from the Initial Holder to the VEBA), confirming that such
entity has received and reviewed this Agreement and will comply with the terms
of this Agreement applicable to it.

    

     

    *           *           *           *

    
      
         

      

      
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    IN WITNESS WHEREOF, the parties hereto,
being duly authorized, have executed and delivered this Securityholder and
Registration Rights Agreement on the date first above
written

     

     

    
      	 
      	
              FORD MOTOR
      COMPANY

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	 
      
	 
      	
              Name:

            	 
      
	 
      	
              Title:

            	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              FORD-UAW HOLDINGS
      LLC

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	 
      
	 
      	
              Name:

            	 
      
	 
      	
              Title:

            	 
      

    

     

     

    Signature Page to Securityholder
and Registration Rights Agreement

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