Document:

EX-4.4

 

Exhibit 4.4

 

SHELL INTERNATIONAL FINANCE B.V.

as Issuer

and

ROYAL DUTCH SHELL PLC

as Guarantor

and

DEUTSCHE BANK TRUST COMPANY AMERICAS

as Trustee

 

Indenture

Dated as of [•]

 

Subordinated Debt Securities

 

 

 

RECONCILIATION AND TIE BETWEEN TRUST INDENTURE ACT OF 1939

AND INDENTURE, DATED AS OF [•]

	 	 	 	 	 	 	 
	 	 	Section in 
	Section of Trust Indenture Act of 1939	 	 Indenture
	Section 310

	 	(a)(1)
	 	 	7.10	 
	 

	 	(a)(2)
	 	 	7.10	 
	 

	 	(a)(3)
	 	Not Applicable

	 

	 	(a)(4)
	 	Not Applicable

	 

	 	(a)(5)
	 	 	7.10	 
	 

	 	(b)
	 	 	7.08, 7.10	 
	Section 311

	 	(a)
	 	 	7.11	 
	 

	 	(b)
	 	 	7.11	 
	 

	 	(c)
	 	Not Applicable

	Section 312

	 	(a)
	 	 	2.07	 
	 

	 	(b)
	 	 	12.03	 
	 

	 	(c)
	 	 	12.03	 
	Section 313

	 	(a)
	 	 	7.06	 
	 

	 	(b)
	 	 	7.06	 
	 

	 	(c)
	 	 	7.06	 
	 

	 	(d)
	 	 	7.06	 
	Section 314

	 	(a)
	 	 	4.03, 4.04	 
	 

	 	(b)
	 	Not Applicable

	 

	 	(c)(1)
	 	 	12.04	 
	 

	 	(c)(2)
	 	 	12.04	 
	 

	 	(c)(3)
	 	Not Applicable

	 

	 	(d)
	 	Not Applicable

	 

	 	(e)
	 	 	12.05	 
	Section 315

	 	(a)
	 	 	7.01(b)	 
	 

	 	(b)
	 	 	7.05	 
	 

	 	(c)
	 	 	7.01(a)	 
	 

	 	(d)
	 	 	7.01(c)	 
	 

	 	(d)(1)
	 	 	7.01(c)(1)	 
	 

	 	(d)(2)
	 	 	7.01(c)(2)	 
	 

	 	(d)(3)
	 	 	7.01(c)(3)	 
	 

	 	(e)
	 	 	6.11	 
	Section 316

	 	(a)(1)(A)
	 	 	6.05	 
	 

	 	(a)(1)(B)
	 	 	6.04	 
	 

	 	(a)(2)
	 	Not Applicable

	 

	 	(a)(last sentence)
	 	 	2.11	 
	 

	 	(b)
	 	 	6.07	 
	 

	 	(c)
	 	 	9.04	 
	Section 317

	 	(a)(1)
	 	 	6.08	 
	 

	 	(a)(2)
	 	 	6.09	 
	 

	 	(b)
	 	 	2.06	 
	Section 318

	 	(a)
	 	 	12.01	 

Note: This reconciliations and tie shall not, for any purpose, be deemed to be part of the
Indenture.

i

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE I

	 
	 	 	 	 
	Definitions and Incorporation by Reference

	 
	 	 	 	 
	SECTION 1.01. Definitions

	 	 	1	 
	SECTION 1.02. Other Definitions

	 	 	6	 
	SECTION 1.03. Incorporation by Reference of Trust Indenture Act

	 	 	7	 
	SECTION 1.04. Rules of Construction

	 	 	7	 

ARTICLE II

THE SECURITIES

	 	 	 	 	 
	SECTION 2.01. Amount Unlimited; Issuable in Series

	 	 	8	 
	SECTION 2.02. Denominations

	 	 	11	 
	SECTION 2.03. Forms Generally

	 	 	11	 
	SECTION 2.04. Execution, Authentication, Delivery and Dating

	 	 	12	 
	SECTION 2.05. Registrar and Paying Agent

	 	 	14	 
	SECTION 2.06. Paying Agent to Hold Money in Trust

	 	 	14	 
	SECTION 2.07. Holder Lists

	 	 	14	 
	SECTION 2.08. Transfer and Exchange

	 	 	15	 
	SECTION 2.09. Replacement Securities

	 	 	16	 
	SECTION 2.10. Outstanding Securities

	 	 	16	 
	SECTION 2.11. Original Issue Discount, Non-Dollar Denominated
and Treasury Securities

	 	 	16	 
	SECTION 2.12. Temporary Securities

	 	 	17	 
	SECTION 2.13. Cancellation

	 	 	17	 
	SECTION 2.14. Payments; Defaulted Interest

	 	 	17	 
	SECTION 2.15. Persons Deemed Owners

	 	 	18	 
	SECTION 2.16. Computation of Interest

	 	 	18	 
	SECTION 2.17. Global Securities; Book-Entry Provisions

	 	 	18	 
	SECTION 2.18. Redenomination

	 	 	21	 

ARTICLE III

REDEMPTION

	 	 	 	 	 
	SECTION 3.01. Applicability of Article

	 	 	21	 
	SECTION 3.02. Notice to the Trustee

	 	 	21	 
	SECTION 3.03. Selection of Securities To Be Redeemed

	 	 	22	 
	SECTION 3.04. Notice of Redemption

	 	 	22	 
	SECTION 3.05. Effect of Notice of Redemption

	 	 	23	 
	SECTION 3.06. Deposit of Redemption Price

	 	 	23	 

ii

 

 

	 	 	 	 	 
	 	 	Page
	SECTION 3.07. Securities Redeemed or Purchased in Part

	 	 	24	 
	SECTION 3.08. Purchase of Securities

	 	 	24	 
	SECTION 3.09. Mandatory and Optional Sinking Funds

	 	 	24	 
	SECTION 3.10. Satisfaction of Sinking Fund Payments with Securities

	 	 	24	 
	SECTION 3.11. Redemption of Securities for Sinking Fund

	 	 	25	 
	SECTION 3.12. Optional Redemption Due to Changes in Tax Treatment

	 	 	25	 

ARTICLE IV

Covenants

	 	 	 	 	 
	SECTION 4.01. Payment of Securities

	 	 	27	 
	SECTION 4.02. Maintenance of Office or Agency

	 	 	27	 
	SECTION 4.03. SEC Reports; Financial Statements

	 	 	28	 
	SECTION 4.04. Compliance Certificate

	 	 	28	 
	SECTION 4.05. Corporate Existence

	 	 	28	 
	SECTION 4.06. Additional Amounts

	 	 	28	 

ARTICLE V

Successors

	 	 	 	 	 
	SECTION 5.01. Limitations on Mergers and Consolidations

	 	 	31	 
	SECTION 5.02. Successor Person Substituted

	 	 	31	 
	SECTION 5.03. Substitution of Obligor

	 	 	32	 
	SECTION 5.04. Successor Person Substituted

	 	 	33	 

ARTICLE VI

Defaults and Remedies

	 	 	 	 	 
	SECTION 6.01. Events of Default

	 	 	33	 
	SECTION 6.02. Acceleration

	 	 	35	 
	SECTION 6.03. Other Remedies

	 	 	36	 
	SECTION 6.04. Waiver of Defaults

	 	 	36	 
	SECTION 6.05. Control by Majority

	 	 	36	 
	SECTION 6.06. Limitations on Suits

	 	 	37	 
	SECTION 6.07. Rights of Holders to Receive Payment

	 	 	37	 
	SECTION 6.08. Collection Suit by Trustee

	 	 	37	 
	SECTION 6.09. Trustee May File Proofs of Claim

	 	 	38	 
	SECTION 6.10. Priorities

	 	 	38	 
	SECTION 6.11. Undertaking for Costs

	 	 	39	 

ARTICLE VII

Trustee

	 	 	 	 	 
	SECTION 7.01. Duties of Trustee

	 	 	39	 

iii

 

 

	 	 	 	 	 
	 	 	Page
	SECTION 7.02. Rights of Trustee

	 	 	41	 
	SECTION 7.03. May Hold Securities

	 	 	41	 
	SECTION 7.04. Trustee’s Disclaimer

	 	 	42	 
	SECTION 7.05. Notice of Defaults

	 	 	42	 
	SECTION 7.06. Reports by Trustee to Holders

	 	 	42	 
	SECTION 7.07. Compensation and Indemnity

	 	 	42	 
	SECTION 7.08. Replacement of Trustee

	 	 	43	 
	SECTION 7.09. Successor Trustee by Merger, etc.

	 	 	45	 
	SECTION 7.10. Eligibility; Disqualification

	 	 	45	 
	SECTION 7.11. Preferential Collection of Claims Against the Company or a Guarantor

	 	 	46	 

ARTICLE VIII

Discharge of Indenture

	 	 	 	 	 
	SECTION 8.01. Termination of the Company’s and the Guarantor’s Obligations

	 	 	46	 
	SECTION 8.02. Application of Trust Money

	 	 	50	 
	SECTION 8.03. Repayment to Company or Guarantor

	 	 	50	 
	SECTION 8.04. Reinstatement

	 	 	50	 

ARTICLE IX

Supplemental Indentures and Amendments

	 	 	 	 	 
	SECTION 9.01. Without Consent of Holders

	 	 	51	 
	SECTION 9.02. With Consent of Holders

	 	 	52	 
	SECTION 9.03. Compliance with Trust Indenture Act

	 	 	54	 
	SECTION 9.04. Revocation and Effect of Consents

	 	 	54	 
	SECTION 9.05. Notation on or Exchange of Securities

	 	 	55	 
	SECTION 9.06. Trustee to Sign Amendments, etc.

	 	 	55	 

ARTICLE X

Guarantee

	 	 	 	 	 
	SECTION 10.01. Guarantee

	 	 	55	 
	SECTION 10.02. Proceedings Against Guarantor

	 	 	56	 
	SECTION 10.03. Subrogation

	 	 	57	 
	SECTION 10.04. Guarantee for Benefit of Holders

	 	 	57	 

ARTICLE XI

Subordination of Securities

	 	 	 	 	 
	SECTION 11.01. Trust Indenture Act Controls

	 	 	57	 
	SECTION 11.02. Securities Subordinated to Senior Debt

	 	 	57	 
	SECTION 11.03. No Payment on Securities in Certain Circumstances

	 	 	58	 

iv

 

 

	 	 	 	 	 
	 	 	Page
	SECTION 11.04. Securities Subordinated to Prior Payment of All Senior Debt on
Dissolution, Liquidation or Reorganization

	 	 	59	 
	SECTION 11.05. Subrogation to Rights of Holders of Senior Debt

	 	 	60	 
	SECTION 11.06. Obligations of the Company and the Guarantor Unconditional

	 	 	60	 
	SECTION 11.07. Trustee Entitled to Assume Payments Not Prohibited in
Absence of Notice

	 	 	61	 
	SECTION 11.08. Application by Trustee of Amounts Deposited with it

	 	 	61	 
	SECTION 11.09. Subordination Rights Not Impaired by Acts or Omissions of the
Company, the Guarantor or Holders of Senior Debt

	 	 	62	 
	SECTION 11.10. Trustee to Effectuate Subordination of Securities

	 	 	62	 
	SECTION 11.11. Right of Trustee to Hold Senior Debt

	 	 	62	 
	SECTION 11.12. Article XI Not to Prevent Events of Default

	 	 	63	 
	SECTION 11.13. No Fiduciary Duty of Trustee to Holders of Senior Debt

	 	 	63	 
	SECTION 11.14. Article Applicable to Paying Agent

	 	 	63	 

ARTICLE XII

Miscellaneous

	 	 	 	 	 
	SECTION 12.01. Trust Indenture Act Controls

	 	 	63	 
	SECTION 12.02. Notices

	 	 	63	 
	SECTION 12.03. Communication by Holders with Other Holders

	 	 	65	 
	SECTION 12.04. Certificate and Opinions

	 	 	65	 
	SECTION 12.05. Statements Required in Certificate or Opinion

	 	 	66	 
	SECTION 12.06. Rules by Trustee and Agents

	 	 	66	 
	SECTION 12.07. No Recourse Against Others

	 	 	66	 
	SECTION 12.08. Governing Law

	 	 	67	 
	SECTION 12.09. No Adverse Interpretation of Other Agreements

	 	 	67	 
	SECTION 12.10. Waiver of Jury Trial

	 	 	67	 
	SECTION 12.11. Successors

	 	 	67	 
	SECTION 12.12. Severability

	 	 	67	 
	SECTION 12.13. Counterpart Originals

	 	 	67	 
	SECTION 12.14. Table of Contents, Headings, etc.

	 	 	68	 

v

 

 

     INDENTURE dated as of [•] among Shell International Finance B.V., a
private limited liability company organized under the laws of The
Netherlands (the “Company”), Royal Dutch Shell plc, a public company
limited by shares existing under the laws of England and Wales (the
“Guarantor”) and Deutsche Bank Trust Company Americas, a New York banking
corporation, as trustee (the “Trustee”).

          Each party agrees as follows for the benefit of the other parties and for the equal and
ratable benefit of the Holders of the Company’s unsecured debentures, notes or other evidences of
indebtedness (the “Securities”) to be issued from time to time in one or more series as provided in
this Indenture:

ARTICLE I

Definitions and Incorporation by Reference

          SECTION 1.01. Definitions.

          “Affiliate” of any specified Person means any other Person directly or indirectly
controlling or controlled by, or under direct or indirect common control with, such specified
Person. For purposes of this definition, “control” of a Person shall mean the power to direct the
management and policies of such Person, directly or indirectly, whether through the ownership of
voting securities, by contract or otherwise, and the terms “controlling” and “controlled” shall
have meanings correlative to the foregoing.

          “Agent” means any Registrar or Paying Agent.

          “Bankruptcy Law” means any bankruptcy or insolvency law or other similar law affecting
creditors’ rights or law governing a proceeding seeking a judgment of insolvency or bankruptcy or
any other relief from debt obligations.

          “Board of Directors” when used with reference to the Company or a Guarantor, means the
Board of Directors of the Company or such Guarantor, as the case may be, or any committee thereof
duly authorized, with respect to any particular matter, to act by or on behalf of the Board of
Directors of the Company or such Guarantor, as the case may be.

          “Board Resolution” means a copy of a resolution or appropriate record of action taken
pursuant to such resolution, certified by a member of the Board of Directors, the Secretary or
Assistant Secretary of the Company or Guarantor to have been duly adopted by the Board of Directors
of the Company or such Guarantor, as the case may be, and to be in full force and effect on the
date of such certification, and delivered to the Trustee.

          “Business Day” means any day that is not a Legal Holiday.

          “Code” means the U.S. Internal Revenue Code of 1986, as amended.

 

 

 2

          “Company” means the Person named as the “Company” in the first paragraph of this
instrument until a successor Person shall have become such pursuant to the applicable provisions of
this Indenture, and thereafter “Company” shall mean such successor Person; provided, however, that
for purposes of any provision contained herein which is required by the TIA, “Company” shall also
mean each other obligor (if any), other than a Guarantor, on the Securities of a series.

          “Company Order” and “Company Request” mean, respectively, a written order or
request signed in the name of the Company or Guarantor by an Officer of the Company or Guarantor,
as the case may be, and delivered to the Trustee.

          “Corporate Trust Office of the Trustee” means the office of the Trustee located at 60
Wall Street, 27th Floor, New York, New York, 10005, Attention: Global Transaction Banking, Trust
and Securities Services, and as may be located at such other address as the Trustee may give notice
to the Company and the Guarantor.

          “Debt” of any Person means, without duplication: (i) all indebtedness or obligations
of such Person for borrowed money (whether or not the recourse of the lender is to the whole of the
assets of such Person or only to a portion thereof); (ii) all obligations of such Person evidenced
by notes, bonds, debentures or other similar instruments; (iii) all obligations of such Person in
respect of letters of credit or other similar instruments (or reimbursement obligations with
respect thereto), other than standby letters of credit, bid or performance bonds and other
obligations issued by or for the account of such Person in the ordinary course of business, to the
extent not drawn or, to the extent drawn, if such drawing is reimbursed not later than the third
Business Day following demand for reimbursement; (iv) all obligations of such Person to pay the
deferred and unpaid purchase price of property or services, except trade payables and accrued
expenses incurred in the ordinary course of business; (v) all capitalized lease obligations of such
Person; (vi) all Debt of others secured by a lien on any asset of such Person, whether or not such
Debt is assumed by such Person (provided that if the obligations so secured have not been assumed
in full by such Person or are not otherwise such Person’s legal liability in full, then such
obligations shall be deemed to be in an amount equal to the greater of (a) the lesser of (1) the
full amount of such obligations and (2) the fair market value of such assets, as determined in good
faith by the Board of Directors of such Person, which determination shall be evidenced by a Board
Resolution, and (b) the amount of obligations as have been assumed by such Person or which are
otherwise such Person’s legal liability); and (vii) all Debt of others (other than endorsements in
the ordinary course of business) guaranteed by such Person to the extent of such guarantee.

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

          “Depositary” means, with respect to the Securities of any series issuable or issued in
whole or in part in global form, the Person specified pursuant to Section 2.01 hereof as the
initial Depositary with respect to the Securities of such series, until a successor shall have been
appointed and become such pursuant to the applicable

 

3

provision of this Indenture, and thereafter “Depositary” shall mean or include such successor.

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

          “Exchange Act” means the Securities Exchange Act of 1934, as amended, and any
successor statute.

          “Established Rate” means the rate for the conversion of the specified currency into
euro established by the Council of the European Union pursuant to Article 1091(4) of the Treaty
establishing the European Community, as amended (the “Treaty”).

          “Global Security” means a Security that is issued in global form in the name of the
Depositary with respect thereto or its nominee.

          “Government Obligations” means, with respect to a series of Securities, direct
obligations of the government that issues the currency in which the Securities of the series are
payable for the payment of which the full faith and credit of such government is pledged, or
obligations of a Person controlled or supervised by and acting as an agency or instrumentality of
such government, the payment of which is unconditionally guaranteed as a full faith and credit
obligation by such government.

          “Guarantee” shall mean the guarantee of the Company’s obligations under the Securities
by the Guarantor as provided in Article X.

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

          “Holder” means a Person in whose name a Security is registered.

          “Indenture” means this Indenture as amended or supplemented from time to time pursuant
to the provisions hereof, and includes the terms of a particular series of Securities established
as contemplated by Section 2.01.

          “Interest” means, with respect to an Original Issue Discount Security that by its
terms bears interest only after Maturity, interest payable after Maturity.

          “Interest Payment Date,” when used with respect to any Security, shall have the
meaning assigned to such term in the Security as contemplated by Section 2.01.

          “Issue Date” means, with respect to Securities of a series, the date on which the
Securities of such series are originally issued under this Indenture.

 

4

          “Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in
any of New York, New York, United States; London, United Kingdom or a Place of Payment are
authorized or obligated by law, regulation or executive order to remain closed.

          “Maturity” means, with respect to any Security, the date on which the principal of
such Security or an installment of principal becomes due and payable as therein or herein provided,
whether at the Stated Maturity thereof, or by declaration of acceleration, call for redemption or
otherwise.

          “Non-Dollar Currency” means any currency other than Dollars.

          “Officer” means any director or their authorized attorneys appointed pursuant to one
or more duly executed powers of attorney, the Chief Financial Officer, Secretary or Assistant
Secretary of the Company or Group Treasurer or Head of Financial Markets of the Royal Dutch Shell
Group.

          “Officers’ Certificate” means a certificate signed by two Officers of a Person and,
in the case of an Officers’ Certificate of the Company pursuant to Section 2.01 or 2.04, by an
Officer of the Guarantor.

          “Opinion of Counsel” means a written opinion from legal counsel which opinion is
acceptable to the Trustee. Such counsel may be an in-house counsel or external counsel to the
Company or the Guarantor.

          “Original Issue Discount Security” means any Security that provides for an amount less
than the principal amount thereof to be due and payable upon a declaration of acceleration of the
Maturity thereof pursuant to Section 6.02.

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

          “Place of Payment” means, with respect to the Securities of any series, the place or
places where the principal of, premium (if any) and interest on and any Additional Amounts with
respect to the Securities of that series are payable as specified in accordance with Section 4.06
subject to the provisions of Section 4.02.

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

          “Redemption Price” means, with respect to any Security to be redeemed, the price at
which it is to be redeemed pursuant to this Indenture.

          “Redenomination Date” means any date specified by the Company or the Guarantor for
payment of interest under the debt securities if the country of the specified currency is one of
the countries then participating in the third stage of European

 

5

economic and monetary union pursuant to the Treaty. If the country of the specified currency
is not so participating, then the Redenomination Date means, with respect to such debt securities,
any date for payment of interest so specified which falls on or after such later date as such
country does so participate.

          “Responsible Officer” means any officer within the Corporate Trust Office of the
Trustee, including any vice president, assistant vice president, assistant secretary, assistant
treasurer, trust officer or any other officer of the Trustee who customarily performs functions
similar to those performed by the Persons who at the time shall be such officers, respectively, or
to whom any corporate trust matter is referred because of such person’s knowledge of and
familiarity with the particular subject and who shall have direct responsibility for the
administration of this Indenture.

          “Royal Dutch Shell Group” means Royal Dutch Shell plc and those companies in which it
either directly or indirectly has control, by having either a majority of the voting rights or the
right to exercise a controlling influence or to obtain the majority of the benefits and be exposed
to a majority of the risks.

          “SEC” means the Securities and Exchange Commission.

          “Securities” has the meaning stated in the preamble of this Indenture and more
particularly means any Securities authenticated and delivered under this Indenture.

          “Security Custodian” means, with respect to Securities of a series issued in global
form, the Trustee for Securities of such series, as custodian with respect to the Securities of
such series, or any successor entity thereto.

          “Senior Debt” of a Person, unless otherwise provided with respect to the Securities of
a series as contemplated by Section 2.01, means all Debt of the Person, whether currently
outstanding or hereafter created, incurred or assumed, unless, by the terms of the instrument
creating or evidencing such Debt or pursuant to which such Debt is outstanding, it is provided that
such Debt is not superior in right of payment to the Securities or to other Debt which is pari
passu with or subordinated to the Securities, and provided that, unless otherwise provided with
respect to the Securities of a series as contemplated by Section 2.01, in no event shall “Senior
Debt” include (a) Debt of the Person owed or owing to any Subsidiary or any officer, director or
employee of the Person or any Subsidiary, (b) Debt to trade creditors or (c) any liability for
taxes owed or owing by the Person.

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

          “Subsidiary” means a Person at least a majority of the outstanding voting stock of
which is owned, directly or indirectly, by the Company and/or Guarantor or by one or more other
Subsidiaries, or by the Company and/or Guarantor and one or more other Subsidiaries. For the
purposes of this definition, “voting stock” means stock having

 

6

voting power for the election of directors, whether at all times or only so long as no senior
class of stock has such voting power by reason of any contingency.

          “TIA” means the Trust Indenture Act of 1939, as amended, as in effect on the date
hereof.

          “Trustee” means the Person named as such above until a successor replaces it in
accordance with the applicable provisions of this Indenture, and thereafter “Trustee” means each
Person who is then a Trustee hereunder, and if at any time there is more than one such Person,
“Trustee” as used with respect to the Securities of any series means the Trustee with respect to
Securities of that series.

          “United States” means the United States of America (including the States and the
District of Columbia) and its territories and possessions, which include Puerto Rico, the U.S.
Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.

          “U.S. Government Obligations” means Government Obligations with respect to Securities
payable in Dollars.

          SECTION 1.02. Other Definitions.

	 	 	 	 	 
	 	 	Defined in
	Term	 	Section
	“Additional Amounts”

	 	 	4.06	 
	“Agent Members”

	 	 	2.17	 
	“Bankruptcy custodian”

	 	 	6.01	 
	“Conversion Event”

	 	 	6.01	 
	“covenant defeasance”

	 	 	8.01	 
	“Event of Default”

	 	 	6.01	 
	“Exchange Rate”

	 	 	2.11	 
	“Judgment Currency”

	 	 	6.10	 
	“legal defeasance”

	 	 	8.01	 
	“mandatory sinking fund payment”

	 	 	3.09	 
	“optional sinking fund payment”

	 	 	3.09	 
	“Paying Agent”

	 	 	2.05	 
	“Payment Default”

	 	 	11.03	 
	“Registrar”

	 	 	2.05	 
	“Required currency”

	 	 	6.10	 
	“Substituted Obligor”

	 	 	5.03	 
	“Successor”

	 	 	5.01	 
	“Voluntary Assumption”

	 	 	5.01	 

 

7

          SECTION 1.03. Incorporation by Reference of Trust Indenture Act.

          Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by
reference in and made a part of this Indenture (and if the Indenture is not qualified under the TIA
at that time, as if it were so qualified unless otherwise provided). The following TIA terms used
in this Indenture have the following meanings:

          “Commission” means the SEC.

          “indenture securities” means the Securities.

          “indenture security holder” means a Holder.

          “indenture to be qualified” means this Indenture.

          “indenture trustee” or “institutional trustee” means the Trustee.

          “obligor” on the indenture securities means the Company, the Guarantor or any other obligor on
the Securities.

          All terms used in this Indenture that are defined by the TIA, defined by a TIA reference to
another statute or defined by an SEC rule under the TIA have the meanings so assigned to them.

          SECTION 1.04. Rules of Construction.

          Unless the context otherwise requires:

	 	(1)	 	a term has the meaning assigned to it;
	 
	 	(2)	 	an accounting term used has the meaning assigned to it in
accordance with the comprehensive body of accounting principles to which the
Company or Guarantor is subject and which initially shall be International
Financial Reporting Standards;
	 
	 	(3)	 	“or” is not exclusive;
	 
	 	(4)	 	words in the singular include the plural, and in the plural
include the singular;
	 
	 	(5)	 	provisions apply to successive events and transactions; and
	 
	 	(6)	 	all references in this instrument to Articles and Sections
are references to the corresponding Articles and Sections in and of this
instrument.

 

8

ARTICLE II

THE SECURITIES

          SECTION 2.01. Amount Unlimited; Issuable in Series.

          The aggregate principal amount of Securities that may be authenticated and delivered under
this Indenture is unlimited.

          The Securities may be issued in one or more series. There shall be (i) established in or
pursuant to a Board Resolution of the Company, and set forth, or determined in the manner provided,
in an Officers’ Certificate of the Company or in a Company Order, or (ii) established in one or
more indentures supplemental hereto, prior to the issuance of Securities of any series:

     (1) the title of the Securities of the series (which shall distinguish the Securities
of the series from the Securities of all other series);

     (2) if there is to be a limit, the limit upon the aggregate principal amount of the
Securities of the series that may be authenticated and delivered under this Indenture
(except for Securities authenticated and delivered upon registration of transfer of, or in
exchange for, or in lieu of, other Securities of the series pursuant to Section 2.08, 2.09,
2.12, 2.17, 3.07 or 9.05 and except for any Securities which, pursuant to Section 2.04 or
2.17, are deemed never to have been authenticated and delivered hereunder); provided,
however, that unless otherwise provided in the terms of the series, the authorized
aggregate principal amount of such series may be increased before or after the issuance of
any Securities of the series by a Board Resolution (or action pursuant to a Board
Resolution) to such effect;

     (3) whether any Securities of the series are to be issuable initially in temporary
global form and whether any Securities of the series are to be issuable in permanent global
form, as Global Securities or otherwise, and, if so, whether beneficial owners of interests
in any such Global Security may exchange such interests for Securities of such series and
of like tenor of any authorized form and denomination and the circumstances under which any
such exchanges may occur, if other than in the manner provided in Section 2.17, and the
initial Depositary and Security Custodian, if any, for any Global Security or Securities of
such series;

     (4) the manner in which any interest payable on a temporary Global Security on any
Interest Payment Date will be paid if other than in the manner provided in Section 2.14,
including any right of the Company to extend or defer the interest payment periods and the
duration of the extension;

     (5) whether and under what circumstances Additional Amounts will be payable;

 

9

     (6) any provisions that would require the redemption, repurchase or repayment of the
series of Securities;

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

     (8) the rate or rates, or the method of determination thereof, at which the Securities
of the series shall bear interest (which may be fixed or variable), if any, whether and
under what circumstances Additional Amounts with respect to such Securities shall be
payable, the date or dates from which such interest shall accrue, the Interest Payment
Dates on which such interest shall be payable and the record date for the interest payable
on any Securities on any Interest Payment Date, or if other than provided herein, the
Person to whom any interest on Securities of the series shall be payable;

     (9) the place or places where, subject to the provisions of Section 4.02, the
principal of, premium (if any) and interest on and any Additional Amounts with respect to
the Securities of the series shall be payable;

     (10) the period or periods within which, the price or prices (whether denominated in
cash, securities or otherwise) at which and the terms and conditions upon which Securities
of the series may be redeemed, in whole or in part, at the option of the Company, if the
Company is to have that option, and the manner in which the Company must exercise any such
option, if different from those set forth herein;

     (11) the obligation, if any, of the Company to redeem, purchase or repay Securities of
the series pursuant to any sinking fund or analogous provisions or at the option of a
Holder thereof and the period or periods within which, the price or prices (whether
denominated in cash, securities or otherwise) at which and the terms and conditions upon
which Securities of the series shall be redeemed, purchased or repaid in whole or in part
pursuant to such obligation;

     (12) if other than denominations of $2,000 (or in the case of Securities denominated
in a Non-Dollar Currency, the equivalent thereof) and any integral multiple thereof, the
denomination in which any Securities of that series shall be issuable;

     (13) if other than Dollars, the currency or currencies (including composite
currencies) or the form, including currency units, equity securities, other debt securities
(including Securities), warrants or any other securities or property of the Company, the
Guarantor or any other Person, in which payment of the principal of, premium (if any) and
interest on and any Additional Amounts with respect to the Securities of the series shall
be payable;

     (14) if the principal of, premium (if any) or interest on or any Additional Amounts
with respect to the Securities of the series are to be payable, at the election of the
Company or a Holder thereof, in a currency or currencies

 

10

(including composite currencies) other than that in which the Securities are stated to
be payable, the currency or currencies (including composite currencies) in which payment of
the principal of, premium (if any) and interest on and any Additional Amounts with respect
to Securities of such series as to which such election is made shall be payable, and the
periods within which and the terms and conditions upon which such election is to be made;

     (15) if the amount of payments of principal of, premium (if any) and interest on and
any Additional Amounts with respect to the Securities of the series may be determined with
reference to any commodities, currencies or indices, values, rates or prices or any other
index or formula, the manner in which such amounts shall be determined;

     (16) if other than the entire principal amount thereof, the portion of the principal
amount of Securities of the series that shall be payable upon declaration of acceleration
of the Maturity thereof pursuant to Section 6.02;

     (17) any additional means of satisfaction and discharge of this Indenture and any
additional conditions or limitations to discharge with respect to Securities of the series
and the related Guarantee pursuant to Article VIII or any modifications of or deletions
from such conditions or limitations;

     (18) any deletions or modifications of or additions to the Events of Default set forth
in Section 6.01 or covenants of the Company or the Guarantor set forth in Article IV
pertaining to the Securities of the series;

     (19) any restrictions or other provisions with respect to the transfer or exchange of
Securities of the series, which may amend, supplement, modify or supersede those contained
in this Article II;

     (20) if the Securities of the series are to be convertible into or exchangeable for
other debt securities (including Securities) of the Company or capital stock, debt
securities, warrants, other equity securities or any other securities or property of the
Guarantor at the option of the Company or the Holder or upon the occurrence of any
condition or event, the terms and conditions for such conversion or exchange;

     (21) any modifications to the definition of “Senior Debt,” to Article XI or to the
other provisions regarding subordination with respect to the Securities of the series; and

     (22) any other terms of the series (which terms shall not be prohibited by the
provisions of this Indenture).

          All Securities of any one series shall be substantially identical except as to denomination
and except as may otherwise be provided in or pursuant to the Board Resolution referred to above
and (subject to Section 2.03) set forth, or determined in the

 

11

manner provided, in the Officers’ Certificate or Company Order referred to above or in any
such indenture supplemental hereto.

          If any of the terms of the series are established by action taken pursuant to a Board
Resolution, a copy of such Board Resolution shall be set forth in an Officers’ Certificate or
certified by a member of the Board of Directors, the Secretary or an Assistant Secretary of the
Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate or
Company Order setting forth the terms of the series, as required by Section 2.04(a).

          The Securities shall be subordinated in right of payment to Senior Debt as provided in Article
XI and/or as specified as contemplated pursuant to this Section 2.01.

          SECTION 2.02. Denominations.

     The Securities of each series shall be issuable in such denominations as shall be specified as
contemplated by Section 2.01. In the absence of any such provisions with respect to the Securities
of any series, the Securities of such series denominated in Dollars shall be issuable in
denominations of $2,000 and integral multiples of $1,000 in excess thereof and the Securities of
such series denominated in a Non-Dollar Currency shall be issuable in denominations equivalent to
$2,000 and integral multiples of $1,000 in excess thereof in that Non-Dollar Currency.

          SECTION 2.03. Forms Generally.

          The Securities of each series shall be in fully registered form and in substantially such form
or forms (including temporary or permanent global form) established by or pursuant to a Board
Resolution of the Company or in one or more indentures supplemental hereto. The Securities may have
notations, legends or endorsements required by law, securities exchange rule, the Company’s
certificate of incorporation, bylaws or other similar governing documents, agreements to which the
Company is subject, if any, or usage (provided that any such notation, legend or endorsement is in
a form acceptable to the Company). A copy of the Board Resolution or supplemental indenture
establishing the form or forms of Securities of any series shall be delivered to the Trustee at or
prior to the delivery of the Company Order contemplated by Section 2.04 for the authentication and
delivery of such Securities.

          The definitive Securities of each series shall be printed, lithographed or engraved on steel
engraved borders or may be produced in any other manner, all as determined by the Officers
executing such Securities, as evidenced by their execution thereof.

          The Trustee’s certificate of authentication shall be in substantially the following form:

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

 

12

	 	 	 	 	 
	 	DEUTSCHE BANK TRUST COMPANY

AMERICAS, as Trustee,

 	 
	 	 	    By: 	 	 
	 	 	Authorized Signatory” 	 
	 	 	 	 
	 

          SECTION 2.04. Execution, Authentication, Delivery and Dating.

          Two Officers of the Company shall sign the Securities on behalf of the Company.

          If an Officer of the Company whose signature is on a Security no longer holds that office or
position at the time the Security is authenticated, the Security shall be valid nevertheless.

          A Security shall not be entitled to any benefit under this Indenture including the related
Guarantee or be valid or obligatory for any purpose until authenticated by the manual signature of
an authorized signatory of the Trustee, which signature shall be conclusive evidence that the
Security has been authenticated under this Indenture. Notwithstanding the foregoing, if any
Security has been authenticated and delivered hereunder but never issued and sold by the Company,
and the Company delivers such Security to the Trustee for cancellation as provided in Section 2.13,
together with a written statement (which need not comply with Section 12.05) stating that such
Security has never been issued and sold by the Company, for all purposes of this Indenture such
Security shall be deemed never to have been authenticated and delivered hereunder and shall never
be entitled to the benefits of this Indenture including the related Guarantee.

          At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities of any series executed by the Company to the Trustee for
authentication, and the Trustee shall authenticate and deliver such Securities for original issue
upon a Company Order for the authentication and delivery of such Securities or pursuant to such
procedures acceptable to the Trustee as may be specified from time to time by Company Order. Such
order shall specify the amount of the Securities to be authenticated, the date on which the
original issue of Securities is to be authenticated, the name or names of the initial Holder or
Holders and any other terms of the Securities of such series not otherwise determined. If provided
for in such procedures, such Company Order may authorize (1) authentication and delivery of
Securities of such series for original issue from time to time, with certain terms (including,
without limitation, the Maturity dates or date, original issue date or dates and interest rate or
rates) that differ from Security to Security and (2) may authorize authentication and delivery
pursuant to oral or electronic instructions from the Company or its duly authorized agent, which
instructions shall be promptly confirmed in writing.

          If the form or terms of the Securities of the series have been established in or pursuant to
one or more Board Resolutions as permitted by Section 2.01, in authenticating such Securities, and
accepting the additional responsibilities under this

 

13

Indenture in relation to such Securities, the Trustee shall be entitled to receive (in
addition to the Company Order referred to above and the other documents required by Section 12.04),
and (subject to Section 7.01) shall be fully protected in relying upon:

     (a) an Officers’ Certificate which shall annex a copy of the Board Resolution as
contemplated by the penultimate paragraph of Section 2.01; and

     (b) an Opinion of Counsel to the effect that:

     (i) the form of such Securities has been established in conformity with the
provisions of this Indenture;

     (ii) the terms of such Securities have been established in conformity with the
provisions of this Indenture; and

     (iii) when authenticated and delivered by the Trustee and issued by the
Company in the manner and subject to any conditions specified in such Opinion of
Counsel, such Securities and the related Guarantees will constitute valid and
binding obligations of the Company and the Guarantor, respectively, enforceable
against the Company and the Guarantor, respectively, in accordance with their
respective terms, except as the enforceability thereof may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other
similar laws in effect from time to time affecting the rights of creditors
generally, and the application of general principles of equity, including, without
limitation, concepts of materiality, reasonableness, good faith and fair dealing
(regardless of whether such enforceability is considered in a proceeding in equity
or at law).

          If all the Securities of any series are not to be issued at one time, it shall not be
necessary to deliver an Officers’ Certificate and Opinion of Counsel at the time of issuance of
each such Security, but such Officers’ Certificate and Opinion of Counsel shall be delivered at or
before the time of issuance of the first Security of the series to be issued. In addition, newly
issued Securities of any series must be fungible for U.S. federal tax purposes with all outstanding
Securities in the same series.

          The Trustee shall not be required to authenticate such Securities if the issuance of such
Securities pursuant to this Indenture would affect the Trustee’s own rights, duties or immunities
under the Securities and this Indenture or otherwise in a manner not reasonably acceptable to the
Trustee.

          The Trustee may appoint an authenticating agent acceptable to the Company to authenticate
Securities. Unless limited by the terms of such appointment, an authenticating agent may
authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to
authentication by the Trustee includes authentication by such agent. An authenticating agent has
the same rights as an Agent to deal with the Company, the Guarantor or an Affiliate of the Company
or the Guarantor.

 

14

          Each Security shall be dated the date of its authentication.

          SECTION 2.05. Registrar and Paying Agent.

          The Company shall maintain an office or agency for each series of Securities where Securities
of such series may be presented for registration of transfer or exchange (“Registrar”) and
an office or agency where Securities of such series may be presented for payment (“Paying
Agent”). The Registrar shall keep a register of the Securities of such series and of their
transfer and exchange. The Company may appoint one or more co-registrars and one or more additional
paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes
any additional paying agent.

          The Company shall enter into an appropriate agency agreement with any Registrar or Paying
Agent not a party to this Indenture. The agreement shall implement the provisions of this Indenture
that relate to such Agent. The Company shall notify the Trustee of the name and address of any
Agent not a party to this Indenture. The Company may change any Paying Agent or Registrar without
notice to any Holder. If the Company fails to appoint or maintain another entity as Registrar or
Paying Agent, the Trustee shall act as such. The Company, the Guarantor or any Subsidiary may act
as Paying Agent or Registrar.

          The Company initially appoints the Trustee as Registrar and Paying Agent.

          SECTION 2.06. Paying Agent to Hold Money in Trust.

          The Company shall require each Paying Agent other than the Trustee to agree in writing that
the Paying Agent will hold in trust for the benefit of Holders or the Trustee all money held by the
Paying Agent for the payment of principal of, premium, if any, or interest on or any Additional
Amounts with respect to Securities and will notify the Trustee of any default by the Company in
making any such payment. While any such default continues, the Trustee may require a Paying Agent
to pay all money held by it to the Trustee and to account for any funds disbursed. The Company at
any time may require a Paying Agent to pay all money held by it to the Trustee and to account for
any funds disbursed. Upon payment over to the Trustee and upon accounting for any funds disbursed,
the Paying Agent (if other than the Company, the Guarantor or a Subsidiary) shall have no further
liability for the money. If the Company, the Guarantor or a Subsidiary acts as Paying Agent, it
shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by
it as Paying Agent. Each Paying Agent shall otherwise comply with TIA Section 317(b).

          SECTION 2.07. Holder Lists.

          The Trustee shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of Holders and shall otherwise comply with TIA
Section 312(a). The Company shall comply with TIA Section

 

15

312(a) and shall furnish to the Trustee a list in such form and as of such date as the Trustee
may reasonably require of the names and addresses of Holders of such series:

     (a) at least five Business Days before each Interest Payment Date with respect to such
series of Securities outstanding on the record date relating to such Interest Payment Date
if the Trustee is not the Registrar with respect to such series of Securities,

     (b) at such other times as the Trustee may request in writing, and

     (c) semi-annually, not more 15 days after each regular record date for any series of
Securities at the time outstanding on such record date.

          SECTION 2.08. Transfer and Exchange.

          Except as set forth in Section 2.17 or as may be provided pursuant to Section 2.01:

     (a) When Securities of any series are presented to the Registrar or any transfer agent with
the request to register the transfer of such Securities or to exchange such Securities for an equal
principal amount of Securities of the same series of like tenor and of other authorized
denominations, the Registrar shall register the transfer or make the exchange as requested if its
requirements and the requirements of this Indenture for such transactions are met; provided,
however, that the Securities presented or surrendered for registration of transfer or exchange
shall be duly endorsed or accompanied by a written instruction of transfer in form reasonably
satisfactory to the Registrar duly executed by the Holder thereof or by his attorney, duly
authorized in writing, on which instruction the Registrar can rely.

     (b) To permit registrations of transfers and exchanges, the Company shall execute and the
Trustee shall authenticate Securities at the Registrar’s written request and submission of the
Securities or Global Securities. No service charge shall be made to a Holder for any registration
of transfer or exchange (except as otherwise expressly permitted herein), but the Company may
require payment of a sum sufficient to cover any transfer tax or similar governmental charge
payable in connection therewith (other than such transfer tax or similar governmental charge
payable upon exchanges pursuant to Section 2.12, 3.07 or 9.05). The Trustee shall authenticate
Securities in accordance with the provisions of Section 2.04. Notwithstanding any other provisions
of this Indenture to the contrary, the Company shall not be required to register the transfer or
exchange of (a) any Security selected for redemption in whole or in part pursuant to Article III,
except the unredeemed portion of any Security being redeemed in part, or (b) any Security during
the period beginning 15 Business Days prior to the mailing of notice of any offer to repurchase
Securities of the series required pursuant to the terms thereof or of redemption of Securities of a
series to be redeemed and ending at the close of business on the day of mailing.

 

16

          SECTION 2.09. Replacement Securities.

          If any mutilated Security is surrendered to the Trustee, or if the Holder of a Security claims
that the Security has been destroyed, lost or stolen and the Company and the Trustee receive
evidence to their satisfaction of the destruction, loss or theft of such Security, the Company
shall issue and the Trustee shall authenticate a replacement Security of the same series if the
Trustee’s requirements are met. If any such mutilated, destroyed, lost or stolen Security has
become or is about to become due and payable, the Company in its discretion may, instead of issuing
a new Security, pay such Security. If required by the Trustee, the Guarantor or the Company, such
Holder must furnish an indemnity bond that is sufficient in the judgment of the Trustee and the
Company to protect the Company, the Guarantor, the Trustee, any Agent or any authenticating agent
from any loss that any of them may suffer if a Security is replaced. The Company and the Trustee
may charge a Holder for their expenses in replacing a Security.

          Every replacement Security is an additional obligation of the Company.

          SECTION 2.10. Outstanding Securities.

          The Securities outstanding at any time are all the Securities authenticated by the Trustee
except for those canceled by it, those delivered to it for cancellation, those reductions in the
interest in a Global Security effected by the Trustee hereunder and those described in this Section
2.10 as not outstanding.

          If a Security is replaced pursuant to Section 2.09, it ceases to be outstanding unless the
Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide
purchaser.

          If the principal amount of any Security is considered paid under Section 4.01, it ceases to be
outstanding and interest on it ceases to accrue.

          A Security does not cease to be outstanding because the Company, the Guarantor or an Affiliate
of the Company or the Guarantor holds the Security.

          SECTION 2.11. Original Issue Discount, Non-Dollar Denominated and Treasury Securities.

          In determining whether the Holders of the required principal amount of Securities have
concurred in any direction, amendment, supplement, waiver or consent, (a) the principal amount of
an Original Issue Discount Security shall be the principal amount thereof that would be due and
payable as of the date of such determination upon acceleration of the Maturity thereof pursuant to
Section 6.02, (b) the principal amount of a Security denominated in a Non-Dollar currency shall be
the Dollar equivalent, as determined by the Company by reference to the noon buying rate in New
York for cable transfers for such currency, as such rate is certified for customs purposes by the
Federal Reserve Bank of New York (the “Exchange Rate”) on the date of original issuance of
such Security, of the principal amount (or, in the case of an Original Issue Discount Security, the
Dollar equivalent, as determined by the Company by reference to the

 

17

Exchange Rate on the date of the original issuance of such Security, of the amount determined
as provided in (a) above), of such Security and (c) Securities owned by the Company, the Guarantor
or any other obligor upon the Securities or any Affiliate of the Company, of the Guarantor or of
such other obligor shall be disregarded, except that, for the purpose of determining whether the
Trustee shall be protected in relying upon any such direction, amendment, supplement, waiver or
consent, only Securities that a Responsible Officer of the Trustee actually knows are so owned
shall be so disregarded.

          SECTION 2.12. Temporary Securities.

          Until definitive Securities of any series are ready for delivery, the Company may prepare and
the Trustee shall authenticate temporary Securities. Temporary Securities shall be substantially in
the form of definitive Securities, but may have variations that the Company considers appropriate
for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee
shall authenticate definitive Securities in exchange for temporary Securities. Until so exchanged,
the temporary Securities shall in all respects be entitled to the same benefits under this
Indenture as definitive Securities.

          SECTION 2.13. Cancellation.

          The Company or the Guarantor at any time may deliver Securities to the Trustee for
cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Securities
surrendered to them for registration of transfer, exchange, payment or redemption or for credit
against any sinking fund payment. The Trustee shall cancel all Securities surrendered for
registration of transfer, exchange, payment, redemption, replacement or cancellation or for credit
against any sinking fund. Unless the Company shall direct in writing that canceled Securities be
returned to it, after written notice to the Company all canceled Securities held by the Trustee
shall be disposed of in accordance with the usual disposal procedures of the Trustee, and the
Trustee shall maintain a record of their disposal. The Company may not issue new Securities to
replace Securities that have been paid or that have been delivered to the Trustee for cancellation.

          SECTION 2.14. Payments; Defaulted Interest.

          Unless otherwise provided as contemplated by Section 2.01, interest (except defaulted
interest) on any Security that is payable, and is punctually paid or duly provided for, on any
Interest Payment Date shall be paid to the Persons who are registered Holders of that Security at
the close of business on the record date next preceding such Interest Payment Date, even if such
Securities are canceled after such record date and on or before such Interest Payment Date. The
Holder must surrender a Security to the Trustee or a Paying Agent to collect principal payments.
Unless otherwise provided with respect to the Securities of any series, the Company will pay the
principal of, premium (if any) and interest on and any Additional Amounts with respect to the
Securities in Dollars. Such amounts shall be payable at the offices of the Trustee or any Paying
Agent, provided that at the option of the Company, the Company may pay such

 

18

amounts (1) by wire transfer with respect to Global Securities or (2) by check payable in such
money mailed to a Holder’s registered address with respect to any Securities.

          If a Payment Date is a Legal Holiday at a Place of Payment, payment may be made at that place
on the next succeeding day that is not a Legal Holiday, no default in payment will have occurred,
and no interest shall accrue for the intervening period.

          If the Company defaults in a payment of interest on the Securities of any series, the Company
shall pay the defaulted interest in any lawful manner plus, to the extent lawful, interest on the
defaulted interest, in each case at the rate provided in the Securities of such series and in
Section 4.01. The Company may pay the defaulted interest to the Persons who are Holders on a
subsequent special record date. At least 15 days before any special record date selected by the
Company, the Company (or the Trustee, in the name of and at the expense of the Company upon 20
days’ prior written notice from the Company setting forth such special record date and the interest
amount to be paid) shall mail to Holders a notice that states the special record date, the related
payment date and the amount of such interest to be paid.

          SECTION 2.15. Persons Deemed Owners.

          The Company, the Guarantor, the Trustee, any Agent and any authenticating agent may treat the
Person in whose name any Security is registered as the owner of such Security for the purpose of
receiving payments of principal of, premium (if any) or interest on or any Additional Amounts with
respect to such Security and for all other purposes. None of the Company, the Guarantor, the
Trustee, any Agent or any authenticating agent shall be affected by any notice to the contrary.

          SECTION 2.16. Computation of Interest.

          Except as otherwise specified as contemplated by Section 2.01 for Securities of any series,
interest on the Securities of each series shall be computed on the basis of a year comprising
twelve 30-day months.

          SECTION 2.17. Global Securities; Book-Entry Provisions.

          If Securities of a series are issuable in global form as a Global Security, as contemplated by
Section 2.01, then, notwithstanding clause (10) of Section 2.01 and the provisions of Section 2.02,
any such Global Security shall represent such of the outstanding Securities of such series as shall
be specified therein and may provide that it shall represent the aggregate amount of outstanding
Securities from time to time endorsed thereon and that the aggregate amount of outstanding
Securities represented thereby may from time to time be reduced or increased, as appropriate, to
reflect exchanges, transfers or redemptions. Any endorsement of a Global Security to reflect the
amount, or any increase or decrease in the amount, of outstanding Securities represented thereby
shall be made by the Trustee (i) in such manner and upon instructions given by such Person or
Persons as shall be specified in such Security or in a Company Order to be delivered to the Trustee
pursuant to Section 2.04 or (ii) otherwise in accordance with written instructions or such other
written form of instructions as is customary for the Depositary

 

19

for such Security, from such Depositary or its nominee on behalf of any Person having a
beneficial interest in such Global Security. Subject to the provisions of Section 2.04 and, if
applicable, Section 2.12, the Trustee shall deliver and redeliver any Security in permanent global
form in the manner and upon instructions given by the Person or Persons specified in such Security
or in the applicable Company Order. With respect to the Securities of any series that are
represented by a Global Security, the Company and the Guarantor authorize the execution and
delivery by the Trustee of a letter of representations or other similar agreement or instrument in
the form customarily provided for by the Depositary appointed with respect to such Global Security.
Any Global Security may be deposited with the Depositary or its nominee, or may remain in the
custody of the Trustee or the Security Custodian therefor pursuant to a FAST Balance Certificate
Agreement or similar agreement between the Trustee and the Depositary. If a Company Order has been,
or simultaneously is, delivered, any instructions by the Company with respect to endorsement or
delivery or redelivery of a Security in global form shall be in writing but need not comply with
Section 12.05 and need not be accompanied by an Opinion of Counsel.

          Members of, or participants in, the Depositary (“Agent Members”) shall have no rights
under this Indenture with respect to any Global Security held on their behalf by the Depositary, or
the Trustee or the Security Custodian as its custodian, or under such Global Security, and the
Depositary may be treated by the Company, the Guarantor, the Trustee or the Security Custodian and
any agent of the Company, the Guarantor, the Trustee or the Security Custodian as the absolute
owner of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, (i) the
registered holder of a Global Security of a series may grant proxies and otherwise authorize any
Person, including Agent Members and Persons that may hold interests through Agent Members, to take
any action that a Holder of Securities of such series is entitled to take under this Indenture or
the Securities of such series and (ii) nothing herein shall prevent the Company, the Guarantor, the
Trustee or the Security Custodian, or any agent of the Company, the Guarantor, the Trustee or the
Security Custodian, from giving effect to any written certification, proxy or other authorization
furnished by the Depositary or shall impair, as between the Depositary and its Agent Members, the
operation of customary practices governing the exercise of the rights of a beneficial owner of any
Security.

          Notwithstanding Section 2.08, and except as otherwise provided pursuant to Section 2.01,
transfers of a Global Security shall be limited to transfers of such Global Security in whole, but
not in part, to the Depositary, its successors or their respective nominees. Interests of
beneficial owners in a Global Security may be transferred in accordance with the rules and
procedures of the Depositary. Securities shall be transferred to all beneficial owners in exchange
for their beneficial interests in a Global Security if, and only if, either (1) the Depositary
notifies the Company that it is unwilling or unable to continue as Depositary for the Global
Security and a successor Depositary is not appointed by the Company within 90 days of such notice,
(2) an Event of Default has occurred with respect to such series and is continuing and the
Registrar has received a request from the Depositary to issue Securities in lieu of all or a
portion of the Global Security (in which case the Company shall deliver Securities within 30 days
of such request) or (3) the Company determines not to have the Securities represented by a

 

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Global Security, provided, however, that the uncertificated Securities are
issued in a registered form for purposes of Section 163(f) of the Code or in a manner such that
such uncertificated Securities are described in Section 163(f)(2)(B) of the Code.

          In connection with any transfer of a portion of the beneficial interests in a Global Security
to beneficial owners pursuant to this Section 2.17, the Registrar shall reflect on its books and
records the date and a decrease in the principal amount of the Global Security in an amount equal
to the principal amount of the beneficial interests in the Global Security to be transferred, and
the Company and the Guarantor shall execute, and the Trustee upon receipt of a Company Order for
the authentication and delivery of Securities shall authenticate and deliver, one or more
Securities of the same series of like tenor and amount.

          In connection with the transfer of all the beneficial interests in a Global Security to
beneficial owners pursuant to this Section 2.17, the Global Security shall be deemed to be
surrendered to the Trustee for cancellation, and the Company and the Guarantor shall execute, and
the Trustee shall authenticate and deliver, to each beneficial owner identified by the Depositary
in exchange for its beneficial interests in the Global Security, an equal aggregate principal
amount of Securities of authorized denominations.

          Neither the Company, the Guarantor nor the Trustee will have any responsibility or liability
for any aspect of the records relating to, or payments made on account of, Securities by the
Depositary, or for maintaining, supervising or reviewing any records of the Depositary relating to
such Securities. Neither the Company, the Guarantor nor the Trustee shall be liable for any delay
by the related Global Security Holder or the Depositary in identifying the beneficial owners, and
each such Person may conclusively rely on, and shall be protected in relying on, instructions from
such Global Security Holder or the Depositary for all purposes (including with respect to the
registration and delivery, and the respective principal amounts, of the Securities to be issued).

          The provisions of the last sentence of the third paragraph of Section 2.04 shall apply to any
Global Security if such Global Security was never issued and sold by the Company and the Company or
the Guarantor delivers to the Trustee the Global Security together with written instructions (which
need not comply with Section 12.05 and need not be accompanied by an Opinion of Counsel) with
regard to the cancellation or reduction in the principal amount of Securities represented thereby,
together with the written statement contemplated by the last sentence of the third paragraph of
Section 2.04.

          Notwithstanding the provisions of Sections 2.03 and 2.14, unless otherwise specified as
contemplated by Section 2.01, payment of principal of, premium (if any) and interest on and any
Additional Amounts with respect to any Global Security shall be made to the Person or Persons
specified therein.

 

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          SECTION 2.18. Redenomination

          The Company may without the Holder’s consent elect that, on the Redenomination Date specified
in a notice to the Trustee, a series of Securities may be redenominated in euro.

          The election will have effect as follows:

     (i) each series of Securities denominated in the specified currency will be deemed to be
denominated in such amount of euro as is equivalent to its denomination in the specified currency
at the Established Rate, subject to such provisions (if any) as to rounding (and payments in
respect of fractions consequent on rounding) as the Company may decide with the approval of the
Trustee, and as shall be specified in the notice;

     (ii) after the Redenomination Date, all payments in respect of such series of Securities will
be made solely in euro, including payments of interest before the Redenomination Date, as though
reference in the series of Securities to the specified currency were to euro; and

     (iii) such changes may be made to this Indenture as the Company may decide, with the approval
of the Trustee, as may be specified in the notice, to conform it to conventions then applicable to
instruments denominated in euro or to enable the Securities to be consolidated within one or more
series of other securities, whether or not originally denominated in the specified currency or
euro.

ARTICLE III

REDEMPTION

          SECTION 3.01. Applicability of Article.

          Securities of any series that are redeemable before their Stated Maturity shall be redeemable
in accordance with their terms and (except as otherwise specified as contemplated by Section 2.01
for Securities of any series) in accordance with this Article III. Any redemption may, at the
Company’s discretion, be subject to the satisfaction of one or more conditions precedent.

          SECTION 3.02. Notice to the Trustee.

          If the Company elects to redeem Securities of any series pursuant to this Indenture, it shall
notify the Trustee of the Redemption Date and the principal amount of Securities of such series to
be redeemed. The Company shall so notify the Trustee at least 45 days before the Redemption Date
(unless a shorter notice shall be satisfactory to the Trustee) by delivering to the Trustee an
Officers’ Certificate stating that such redemption will comply with the provisions of this
Indenture and of the Securities of such series. Any such notice may be canceled at any time prior
to the mailing of such notice of such redemption to any Holder and shall thereupon be void and of
no effect. The notice shall reflect the conditions to the redemption and shall be specified by the
Company.

 

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          SECTION 3.03. Selection of Securities To Be Redeemed.

          If less than all the Securities of any series are to be redeemed (unless all of the Securities
of such series of a specified tenor are to be redeemed), the particular Securities to be redeemed
shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the
outstanding Securities of such series (and tenor) not previously called for redemption, either pro
rata, by lot or by such other method as it and the Company shall deem fair and appropriate and that
may provide for the selection for redemption of portions (equal to the minimum authorized
denomination for Securities of that series or any integral multiple thereof) of the principal
amount of Securities of such series of a denomination larger than the minimum authorized
denomination for Securities of that series or of the principal amount of Global Securities of such
series. The Trustee shall promptly notify the Company and the Registrar in writing of the
Securities selected for redemption and, in the case of any Securities selected for partial
redemption, the principal amount thereof to be redeemed.

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

          SECTION 3.04. Notice of Redemption.

          Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than
15 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed,
at the address of such Holder appearing in the register of Securities maintained by the Registrar.

          All notices of redemption shall identify the Securities to be redeemed and shall state:

          (1) the Redemption Date;

          (2) the Redemption Price;

          (3) any conditions to the redemption as specified by the Company;

          (4) that, unless the Company and the Guarantor default in making the redemption
payment, interest on Securities called for redemption ceases to accrue on and after the
Redemption Date, and the only remaining right of the Holders of such Securities is to
receive payment of the Redemption Price upon surrender to the Paying Agent of the
Securities redeemed;

          (5) if any Security is to be redeemed in part, the portion of the principal amount
thereof to be redeemed and that on and after the Redemption Date, upon surrender for
cancellation of such Security to the Paying Agent, a new Security or Securities in the
aggregate principal amount equal to the unredeemed portion thereof will be issued without
charge to the Holder;

 

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          (6) that Securities called for redemption must be surrendered to the Paying Agent to
collect the Redemption Price and the name and address of the Paying Agent;

          (7) that the redemption is for a sinking or analogous fund, if such is the case; and

          (8) the CUSIP number, if any, relating to such Securities.

          Notice of redemption of Securities to be redeemed at the election of the Company shall be
given by the Company or, at the Company’s written request, by the Trustee in the name and at the
expense of the Company.

          SECTION 3.05. Effect of Notice of Redemption.

          Once notice of redemption is mailed, Securities called for redemption shall, subject to the
satisfaction of any applicable conditions, become due and payable on the Redemption Date and at the
Redemption Price. Upon surrender to the Paying Agent, such Securities called for redemption shall
be paid at the Redemption Price, but interest installments whose maturity is on or prior to such
Redemption Date will be payable on the relevant Interest Payment Dates to the Holders of record at
the close of business on the relevant record dates specified pursuant to Section 2.01.

          SECTION 3.06. Deposit of Redemption Price.

          On or prior to 11:00 a.m., New York City time, on any Redemption Date subject to the
satisfaction of applicable conditions, the Company or the Guarantor shall deposit with the Trustee
or the Paying Agent (or, if the Company or the Guarantor is acting as the Paying Agent, segregate
and hold in trust as provided in Section 2.06) an amount of money in same day funds sufficient to
pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date)
accrued interest on and any Additional Amounts with respect to, the Securities or portions thereof
which are to be redeemed on that date, other than Securities or portions thereof called for
redemption on that date which have been delivered by the Company or the Guarantor to the Trustee
for cancellation.

          If the Company or the Guarantor complies with the preceding paragraph, then, unless the
Company and the Guarantor default in the payment of such Redemption Price, interest on the
Securities to be redeemed will cease to accrue on and after the applicable Redemption Date, whether
or not such Securities are presented for payment, and the Holders of such Securities shall have no
further rights with respect to such Securities except for the right to receive the Redemption Price
upon surrender of such Securities. If any Security called for redemption shall not be so paid upon
surrender thereof for redemption, the principal, premium, if any, any Additional Amounts, and, to
the extent lawful, accrued interest thereon shall, until paid, bear interest from the Redemption
Date at the rate specified pursuant to Section 2.01 or provided in the Securities or, in the case
of Original Issue Discount Securities, such Securities’ yield to maturity.

 

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          SECTION 3.07. Securities Redeemed or Purchased in Part.

          Upon surrender to the Paying Agent of a Security to be redeemed in part, the Company and the
Guarantor shall execute and the Trustee shall authenticate and deliver to the Holder of such
Security without service charge a new Security or Securities, of the same series and of any
authorized denomination as requested by such Holder in aggregate principal amount equal to, and in
exchange for, the unredeemed portion of the principal of the Security so surrendered that is not
redeemed.

          SECTION 3.08. Purchase of Securities.

          Unless otherwise specified as contemplated by Section 2.01, the Company, the Guarantor and any
Affiliate of the Company or the Guarantor may, subject to applicable law, at any time purchase or
otherwise acquire Securities in the open market or by private agreement. Any such acquisition shall
not operate as or be deemed for any purpose to be a redemption of the indebtedness represented by
such Securities. Any Securities purchased or acquired by the Company or the Guarantor may be
delivered to the Trustee and, upon such delivery, the indebtedness represented thereby shall be
deemed to be satisfied. Section 2.13 shall apply to all Securities so delivered.

          SECTION 3.09. Mandatory and Optional Sinking Funds.

          The minimum amount of any sinking fund payment provided for by the terms of Securities of any
series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of
such minimum amount provided for by the terms of Securities of any series is herein referred to as
an “optional sinking fund payment.” Unless otherwise provided by the terms of Securities of any
series, the cash amount of any sinking fund payment may be subject to reduction as provided in
Section 3.10. Each sinking fund payment shall be applied to the redemption of Securities of any
series as provided for by the terms of Securities of such series and by this Article III.

          SECTION 3.10. Satisfaction of Sinking Fund Payments with Securities.

          The Company or the Guarantor may deliver outstanding Securities of a series (other than any
previously called for redemption) and may apply as a credit Securities of a series that have been
redeemed either at the election of the Company pursuant to the terms of such Securities or through
the application of permitted optional sinking fund payments pursuant to the terms of such
Securities, in each case in satisfaction of all or any part of any sinking fund payment with
respect to the Securities of such series required to be made pursuant to the terms of such series
of Securities; provided that such Securities have not been previously so credited. Such Securities
shall be received and credited for such purpose by the Trustee at the Redemption Price specified in
such Securities for redemption through operation of the sinking fund and the amount of such sinking
fund payment shall be reduced accordingly.

 

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          SECTION 3.11. Redemption of Securities for Sinking Fund.

          Not less than 45 days prior (unless a shorter period shall be satisfactory to the Trustee) to
each sinking fund payment date for any series of Securities, the Company will deliver to the
Trustee an Officers’ Certificate of the Company specifying the amount of the next ensuing sinking
fund payment for that series pursuant to the terms of that series, the portion thereof, if any,
which is to be satisfied by payment of cash and the portion thereof, if any, which is to be
satisfied by delivery of or by crediting Securities of that series pursuant to Section 3.10 and
will also deliver or cause to be delivered to the Trustee any Securities to be so delivered.
Failure of the Company to timely deliver or cause to be delivered such Officers’ Certificate and
Securities specified in this paragraph, if any, shall not constitute a default but shall constitute
the election of the Company (i) that the mandatory sinking fund payment for such series due on the
next succeeding sinking fund payment date shall be paid entirely in cash without the option to
deliver or credit Securities of such series in respect thereof and (ii) that the Company will make
no optional sinking fund payment with respect to such series as provided in this Section.

          If the sinking fund payment or payments (mandatory or optional or both) to be made in cash on
the next succeeding sinking fund payment date plus any unused balance of any preceding sinking fund
payments made in cash shall exceed $100,000 (or the Dollar equivalent thereof based on the
applicable Exchange Rate on the date of original issue of the applicable Securities) or a lesser
sum if the Company shall so request with respect to the Securities of any particular series, such
cash shall be applied on the next succeeding sinking fund payment date to the redemption of
Securities of such series at the sinking fund redemption price together with accrued interest to
the date fixed for redemption. If such amount shall be $100,000 (or the Dollar equivalent thereof
as aforesaid) or less and the Company makes no such request then it shall be carried over until a
sum in excess of $100,000 (or the Dollar equivalent thereof as aforesaid) is available. Not less
than 30 days before each such sinking fund payment date, the Trustee shall select the Securities to
be redeemed upon such sinking fund payment date in the manner specified in Section 3.03 and cause
notice of the redemption thereof to be given in the name of and at the expense of the Company in
the manner provided in Section 3.04. Such notice having been duly given, the redemption of such
Securities shall be made upon the terms and in the manner stated in Sections 3.05, 3.06 and 3.07.

          SECTION 3.12. Optional Redemption Due to Changes in Tax Treatment. 

          (a) Each series of Securities contained in one or more particular issues may be redeemed at
the option of the Company or the Guarantor, in whole but not in part, upon not less than 15 days
nor more than 60 days notice, (except in the case of Securities that have a variable rate of
interest, which may be redeemed on any Interest Payment Date) at a Redemption Price equal to the
principal amount thereof (except in the case of Original Issue Discount Securities which may be
redeemed at the Redemption Price specified by the terms of such series of Securities) if as a
result of any change in or amendment to the laws or any regulations or rulings promulgated
thereunder of any jurisdiction (or of any political subdivision or taxing authority thereof or
therein) or any change in the official application or official interpretation of such laws,
regulations or

 

26

rulings, or any change in the official application or official interpretation of, or any
execution of or amendment to, any treaty or treaties affecting taxation to which such jurisdiction
or such political subdivision or taxing authority (or such other jurisdiction or political
subdivision or taxing authority) is a party, which change, execution or amendment becomes effective
on or after the date specified for such series pursuant to the terms of the Security or Section
2.01(10) (or in the case of a successor Person to the Company or the Guarantor, the date on which
such successor Person became such pursuant to Sections 5.01 and 5.02 or in the case of an
assumption by the Guarantor or its Subsidiary of obligations of the Company under the Securities
pursuant to Section 5.03, the date of such assumption) (1) the Company or Guarantor (or
such successor Person) is or would be required to pay Additional Amounts with respect to the
Securities or the Guarantees, as the case may be, on the next succeeding Interest Payment Date as
described in Section 4.06 or (2) the Guarantor or any Subsidiary of the Guarantor is or would be
required to deduct or withhold tax on any payment to the Company to enable the Company to make any
payment of principal, premium, if any, or interest and, in each case, the payment of such
Additional Amounts in the case of (1) above or such deductions or withholding in the case of (2)
above cannot be avoided by the use of any reasonable measures available to the Company, the
Guarantor or the Subsidiary as the case may be. Prior to the giving of notice of redemption of
such Securities pursuant to this Indenture, the Company or the Guarantor will deliver to the
Trustee an Officers’ Certificate stating that the Company or the Guarantor is entitled to effect
such redemption and setting forth in reasonable detail a statement of circumstances showing that
the conditions precedent to the right of the Company or the Guarantor to redeem such Securities
pursuant to this Section have been satisfied.

          (b) Further, if, as a result of a transaction described in Sections 5.01 or 5.03 of this
Indenture, the Company or the Guarantor or a Successor has been or would be required to pay any
Additional Amounts as therein provided, each series of Securities may be redeemed at the option of
such Person in whole, but not in part, upon not less than 30 or more than 60 days notice, (except
in the case of Securities that have a variable rate of interest, which may be redeemed on any
Interest Payment Date), at a Redemption Price equal to the principal amount thereof (except in the
case of Original Issue Discount Securities which may be redeemed at the Redemption Price specified
by the terms of such series of Securities); provided that in the case of an assumption pursuant to
Section 5.01(b), no such redemption will be permitted if such Person is required to pay Additional
Amounts immediately after such assumption; provided, further, that such Person shall not be
required to use reasonable measures to avoid the obligation to pay Additional Amounts upon the
assumption of the Company’s or the Guarantor’s obligations. (For the avoidance of doubt, a Person
which assumes the obligations of the Company or the Guarantor pursuant to Sections 5.01 or 5.03 of
this Indenture may make a redemption in accordance with the provisions of Section 3.12(a), if an
applicable change in, execution of or amendment to any laws, regulations, rulings or treaties or
official application or official interpretation of any law, regulations, rulings or treaties occurs
after such assumption and was not formally announced or officially adopted prior to the
assumption.) Prior to the giving of notice of redemption of such Securities pursuant to this
Indenture, such Person shall deliver to the Trustee an Officers’ Certificate, stating that such
Person is entitled to effect such redemption and setting forth

 

27

in reasonable detail a statement of circumstances showing that the conditions precedent to the
right of such Person to redeem such Securities pursuant to this Section have been satisfied.

ARTICLE IV

Covenants

          SECTION 4.01. Payment of Securities.

          The Company shall pay the principal of, premium (if any) and interest on and any Additional
Amounts with respect to the Securities of each series on the dates and in the manner provided in
the Securities of such series and in this Indenture. Principal, premium, interest and any
Additional Amounts shall be considered paid on the date due if the Paying Agent (other than the
Company, the Guarantor or a Subsidiary) holds on that date money deposited by the Company or the
Guarantor designated for and sufficient to pay all principal, premium, interest and any Additional
Amounts then due.

          The Company shall pay interest on overdue principal and premium (if any), at a rate equal to
the then applicable interest rate on the Securities to the extent lawful; and it shall pay interest
on overdue installments of interest and any Additional Amount (without regard to any applicable
grace period) at the same rate to the extent lawful.

          SECTION 4.02. Maintenance of Office or Agency.

          The Company will maintain in each Place of Payment for any series of Securities an office or
agency (which may be an office of the Trustee, the Registrar or the Paying Agent) where Securities
of that series may be presented for registration of transfer or exchange, where Securities of that
series may be presented for payment and where notices and demands to or upon the Company or the
Guarantor in respect of the Securities of that series and this Indenture may be served. Unless
otherwise designated by the Company by written notice to the Trustee and the Guarantor, such office
or agency shall be the office of the Trustee in New York, New York, which on the date hereof is
located at 60 Wall Street, 27th Floor, New York, New York, 10005, Attention: Global Transaction
Banking, Trust and Securities Services. The Company will give prompt written notice to the Trustee
of the location, and any change in the location, of such office or agency. If at any time the
Company shall fail to maintain any such required office or agency or shall fail to furnish the
Trustee with the address thereof, such presentations, surrenders, notices and demands may be made
or served at the Corporate Trust Office of the Trustee.

          The Company may also from time to time designate one or more other offices or agencies where
the Securities of one or more series may be presented or surrendered for any or all such purposes
and may from time to time rescind such designations; provided, however, that no such designation or
rescission shall in any manner relieve the Company of its obligation to maintain an office or
agency in each

 

28

Place of Payment for Securities of any series for such purposes. The Company will give prompt
written notice to the Trustee of any such designation or rescission and of any change in the
location of any such other office or agency.

          SECTION 4.03. SEC Reports; Financial Statements.

          If the Company or the Guarantor is subject to the requirements of Section 13 or 15(d) of
the Exchange Act, the Company or the Guarantor, as the case may be, shall file with the Trustee,
within 15 days after it files the same with the SEC, copies of the annual reports and the
information, documents and other reports (or copies of such portions of any of the foregoing as the
SEC may by rules and regulations prescribe) that the Company or the Guarantor is required to file
with the SEC pursuant to Section 13 or 15(d) of the Exchange Act. If this Indenture is qualified
under the TIA, but not otherwise, the Company and the Guarantor shall also comply with the
provisions of TIA Section 314(a). Delivery of such reports, information and documents to the
Trustee shall be for informational purposes only, and the Trustee’s receipt thereof shall not
constitute constructive notice of any information contained therein or determinable from
information contained therein, including the Company’s compliance with any of its covenants
hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates or
certificates delivered pursuant to Section 4.05).

          SECTION 4.04. Compliance Certificate.

          Each of the Company and the Guarantor shall deliver to the Trustee, within 120 days after the
end of each fiscal year, a statement signed by an Officer of the Company or the Guarantor, as the
case may be, which need not constitute an Officers’ Certificate, complying with TIA Section
314(a)(4).

          SECTION 4.05. Corporate Existence.

          Subject to Article V, the Company and the Guarantor shall do or cause to be done all things
necessary to preserve and keep in full force and effect its existence.

          SECTION 4.06. Additional Amounts.

          Unless otherwise specified in any Board Resolution of the Company or the Guarantor
establishing the terms of Securities of a series or the Guarantee relating thereto in accordance
with Section 2.01, if any deduction or withholding for any present or future taxes or other
governmental charges of the jurisdiction (or any political subdivision or taxing authority thereof
or therein) in which the Company or the Guarantor is resident, shall at any time be required by
such jurisdiction (or any such political subdivision or taxing authority) in respect of any amounts
to be paid by the Company of principal of or interest on a Security of any series, or by the
Guarantor under the Guarantee, the Company or the Guarantor, as the case may be, will pay to the
Holder of a Security of such series such additional amounts as may be necessary in order that the
net amounts paid to such Holder of such Security who, with respect to any such tax or other
governmental charge, is not resident in such jurisdiction, after such deduction or withholding,
shall be not less than the amounts specified in such Security to which such

 

29

Holder is entitled (“Additional Amounts”); provided, however, that the Company or the
Guarantor, as the case may be, shall not be required to make any payment of Additional Amounts for
or on account of:

          (a) any such tax or governmental charge imposed by the United States or any political
subdivision or taxing authority thereof or therein;

          (b) any such tax or governmental charge which would not have been imposed but for the
existence of any present or former connection between such Holder (or between a fiduciary, settler,
beneficiary, member or shareholder of, or possessor of a power over, such Holder, if such Holder is
an estate, trust, partnership or corporation) and the taxing jurisdiction or any political
subdivision or territory or possession thereof or area subject to its jurisdiction, including,
without limitation, such Holder (or such fiduciary, settler, beneficiary, member, shareholder or
possessor) being or having been a citizen or resident thereof or being or having been present or
engaged in trade or business therein or having or having had a permanent establishment therein;

          (c) a withholding or deduction with respect to any payment of the principal of, or any
interest on, any Security of such series to any Holder who is a fiduciary, partnership or other
entity that is not the sole beneficial owner of such payment and such payment would be required by
the laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein)
to be included in the income for tax purposes of a beneficiary or settlor with respect to such
fiduciary, member of such partnership or other entity, or a beneficial owner who would not have
been entitled to such Additional Amounts had such beneficiary, settlor, member or beneficial owner
been the Holder of such Security, provided the amount of the additional payments otherwise payable
to such fiduciary, partnership or other entity will be reduced in proportion to the interest that
the ultimate beneficial owners described above own in such Holder;

          (d) any such tax or governmental charge which would not have been imposed but for the
presentation of a Security of such series (where presentation is required) for payment on a date
more than 30 days after the date on which such payment became due and payable or the date on which
payment thereof is duly provided for, whichever occurs later;

          (e) any estate, inheritance, gift, sale, transfer, personal property or similar tax or other
governmental charge;

          (f) any tax or other governmental charge which is payable otherwise than by withholding from
payments of (or in respect of) principal of, or any interest on, the Securities of such series;

          (g) any tax or other governmental charge that is imposed or withheld by reason of (i) the
failure to comply by the Holder or the beneficial owner of the Security of such series with a
request of the Company or the Guarantor addressed to the Holder to provide information concerning
the nationality, residence or identity of the Holder or such beneficial owner or (ii) the failure
by a Holder to make any declaration (of

 

30

nonresidence or other similar claim for exemption) or satisfy any information or reporting
requirement which is required or imposed by a statute, treaty, regulation or administrative
practice of the taxing jurisdiction as a precondition to exemption from all or part of such tax or
other governmental charge;

          (h) a withholding or deduction imposed on a payment to an individual that is required to be
made pursuant to any law implementing or complying with, or introduced in order to conform to
European Council Directive 2003/48/EC or any other Directive implementing the conclusions of the
ECOFIN Council meeting of November 26 and 27, 2000 on the taxation of savings income;

          (i) a withholding or deduction imposed on a payment to a Holder or beneficial owner who could
have avoided such withholding or deduction by presenting its debt securities to another Paying
Agent; or

          (j) any combination of items above.

          The foregoing provisions shall apply mutandis mutandis to any withholding or deduction for or
on account of any present or future taxes or governmental charges of whatever nature of any
jurisdiction in which any successor Person to the Company or the Guarantor, as the case may be, is
resident, or any political subdivision or taxing authority thereof or therein; provided, however,
that such payment of additional amounts may be subject to such further exceptions as may be
established in the terms of such Securities established as contemplated by Section 2.01. Subject to
the foregoing provisions, whenever in this Indenture there is mentioned, in any context, the
payment of the principal of or any premium or interest on, or in respect of, any Security of any
series or payment of any related coupon or the net proceeds received on the sale or exchange of any
Security of any series, such mention shall be deemed to include mention of the payment of
Additional Amounts provided for in this Section to the extent that, in such context, Additional
Amounts are, were or would be payable in respect thereof pursuant to the provisions of this Section
and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof
shall not be construed as excluding Additional Amounts in those provisions hereof where such
express mention is not made.

          If the terms of the Securities of a series established as contemplated by Section 2.01 do not
specify that Additional Amounts pursuant to the Section will not be payable by the Company or the
Guarantor, at least 10 days prior to the first Interest Payment Date with respect to that series of
Securities (or if the Securities of that series will not bear interest prior to Maturity, the first
day on which a payment of principal and any premium is made), and at least 10 days prior to each
date of payment of principal and any premium or interest if there has been any change with respect
to the matters set forth in the below-mentioned Officers’ Certificate, the Issuer will furnish the
Trustee and the Issuer’s principal Paying Agent or Paying Agents, if other than the Trustee, with
an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents whether
such payment of principal of and any premium or interest on the Securities of that series shall be
made to Holders of Securities of that series or any related coupons without withholding for or on
account of any tax or other governmental charge described

 

31

in the Securities of that series. If any such withholding shall be required, then such
Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such
payments to such Holders of Securities or coupons and the Issuer or the Guarantor, as the case may
be, will pay to the Trustee or such Paying Agent or Paying Agents the Additional Amounts required
by this Section.

ARTICLE V

Successors

          SECTION 5.01. Limitations on Mergers and Consolidations.

          (a) Neither the Company nor any Guarantor shall in any transaction or series of transactions,
consolidate with or merge into any Person, or sell, lease, convey, transfer or otherwise dispose of
all or substantially all of its assets to any Person (other than a consolidation or merger of the
Company and the Guarantor or a sale, lease, conveyance, transfer or other disposition of all or
substantially all of the assets of the Company to the Guarantor or of the Guarantor to the
Company), unless:

        (1) either (a) the Company or the Guarantor, as the case may be, shall be the
continuing Person or (b) the Person (if other than the Company or the Guarantor) formed by
such consolidation or into which the Company or the Guarantor is merged, or to which such
sale, lease, conveyance, transfer or other disposition shall be made (collectively, the
“Successor”), expressly assumes by supplemental indenture, in the case of the Company, the
due and punctual payment of the principal of, premium (if any) and interest on and any
Additional Amounts with respect to all the Securities and the performance of the Company’s
covenants and obligations under this Indenture and the Securities, or, in the case of the
Guarantor, the performance of the Guarantee and the Guarantor’s covenants and obligations
under this Indenture and the Securities;

        (2) the Company or such Guarantor, as the case may be, delivers to the Trustee an
Officers’ Certificate, stating that the transaction and such supplemental indenture comply
with this Indenture; and

        (3) immediately after giving effect to such a transaction or transactions, no Event of
Default, and no event which, after notice or lapse of time or both, would become an Event
of Default, has occurred and is continuing.

          (b) In the event that any Person shall become the owner of 100% of the voting stock of
Guarantor, such Person may, but is not obligated to, assume the performance of Guarantor’s
covenants and obligations under this Indenture, the Securities and the Guarantee (a “Voluntary
Assumption”).

          SECTION 5.02. Successor Person Substituted.

          Upon any consolidation or merger or similar transaction of the Company or a Guarantor, as the
case may be, or in the case of an asset, transfer or other disposition

 

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of all or substantially all of the assets of the Company or such Guarantor or a Voluntary
Assumption in accordance with Section 5.01, the Successor formed by such consolidation or into or
with which the Company or such Guarantor is merged or to which such sale, lease, conveyance,
transfer or other disposition is made or, in the case of a Voluntary Assumption, the assuming
Person shall succeed to, and be substituted for, and may exercise every right and power of the
Company or such Guarantor, as the case may be, under this Indenture and the Securities with the
same effect as if such Successor had been named as the Company or such Guarantor, as the case may
be, herein and the predecessor Company or Guarantor, in the case of an asset, transfer or other
disposition, shall be released from all obligations under this Indenture, the Securities and, in
the case of a Guarantor, the Guarantee.

          SECTION 5.03. Substitution of Obligor. 

          (a) The Company and the Guarantor may at any time, without the consent of any Holders, arrange
for and cause the substitution of the Company as the principal obligor by the Guarantor (including
any successor Guarantor pursuant to Section 5.04) or any subsidiary of the Guarantor (the
“Substituted Obligor”) in respect of any series of Securities, if, immediately after giving
effect to such transaction or transactions, no Event of Default, and no event which, after notice
or lapse of time or both, would become an Event of Default, has occurred and is continuing; and
subject to the conditions that:

        (1) the Substituted Obligor executes a supplemental indenture, in form and substance
satisfactory to the Trustee, in which it agrees to be bound by the terms of this Indenture,
with any consequential amendments that the Trustee may deem appropriate, as fully as if the
Substituted Obligor had been named in this Indenture and on the Securities of such series
in place of the Company;

        (2) the Substituted Obligor is organized and validly existing under the laws of the
United States or England and Wales or The Netherlands or is organized and validly existing
under the laws of a jurisdiction that is a member country of the Organization for Economic
Cooperation and Development (or any successor thereto) and, if such Substituted Obligor is
not organized and validly existing under the laws of The Netherlands, the United States or
England and Wales, such Substituted Obligor shall agree in such supplemental indenture to
be bound by a covenant comparable to that described in Section 4.07 with respect to taxes
imposed in the Substituted Obligor’s jurisdiction of residence, and such Substituted
Obligor shall benefit from a redemption option comparable to that described in Article III
in the event of changes in taxes in such jurisdiction after the date of such consolidation,
merger or sale, in each case in form and substance satisfactory to the Trustee; and

        (3) unless the Substituted Obligor is the Guarantor, the obligations of the
Substituted Obligor under the Indenture and the Securities of such series are guaranteed by
the Guarantor or a Person assuming the Guarantor’s role pursuant to a Voluntary Assumption
on the same terms as the Guarantee of the Company’s obligations in respect of such
Securities immediately prior to such substitution.

 

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          (b) Upon the substitution of the Company or a Substituted Obligor, as applicable, in
accordance with the terms of this Section, the Company or the Substituted Obligor, as applicable,
will have no further obligations in respect of the relevant series of Securities.

          SECTION 5.04. Successor Person Substituted.

          Upon any substitution of obligor in accordance with Section 5.03, the Substituted Obligor
shall succeed to, and be substituted for, and may exercise every right and power of the Company
under this Indenture and the Securities with the same effect as if such Substituted Obligor had
been named as the Company herein. Any such substitution shall operate to release the Company
(including any successor Company pursuant to Section 5.02) from any and all obligations under this
Indenture.

ARTICLE VI

Defaults and Remedies

          SECTION 6.01. Events of Default.

          Unless either inapplicable to a particular series or specifically deleted or modified in or
pursuant to the supplemental indenture or Board Resolution establishing such series of Securities
or in the form of Security for such series, an “Event of Default,” wherever used herein with
respect to Securities of any series, occurs if:

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

        (2) there is a default in the payment of (A) the principal of any Security of that
series at its Maturity or (B) premium (if any) on any Security of that series when the same
becomes due and payable and such default continues for a period of 14 days;

        (3) the Company or the Guarantor fails to redeem or purchase any Security of that
series when required pursuant to a Notice of Redemption, and such default continues for a
period of 14 days;

        (4) the Company or the Guarantor fails to comply with any of its other covenants or
agreements in, or provisions of, the Securities of such series or this Indenture (other
than an agreement, covenant or provision that has expressly been included in this Indenture
solely for the benefit of one or more series of Securities other than that series) which
shall not have been remedied within the specified period after written notice, as specified
in the last paragraph of this Section 6.01;

        (5) the Company or the Guarantor pursuant to or within the meaning of any Bankruptcy
Law:

 

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          (A) commences a voluntary case,

          (B) consents to the entry of an order for relief against it in an
involuntary case,

          (C) consents to the appointment of a Bankruptcy Custodian of it or for all
or substantially all of its property, or

          (D) makes a general assignment for the benefit of its creditors;

        (6) a court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that remains unstayed and in effect for 90 days and that:

          (A) is for relief against the Company or the Guarantor as debtor in an
involuntary case,

          (B) appoints a Bankruptcy Custodian of the Company or the Guarantor or a
Bankruptcy Custodian for all or substantially all of the property of the
Company or the Guarantor, or

          (C) orders the liquidation of the Company or the Guarantor; or

        (7) any other Event of Default provided with respect to Securities of that series
occurs.

          The term “Bankruptcy Custodian” means any receiver, trustee, assignee, liquidator or
similar official under any Bankruptcy Law.

          The Trustee shall not be deemed to know or have notice of any Default or Event of Default
unless written notice of any event which is in fact such a Default or Event of Default is received
by a Responsible Officer of the Trustee at the Corporate Trust Office of the Trustee, and such
notice references the Securities and this Indenture or, if such Default or Event of Default is with
respect to provisions (1), (2) or (3) above, a Responsible Officer of the Trustee has actual
knowledge thereof.

          When a Default is cured, it ceases.

          Notwithstanding the foregoing provisions of this Section 6.01, if the principal of, premium
(if any) or interest on or Additional Amounts with respect to any Security is payable in a currency
or currencies other than Dollars and such currency or currencies are not available to the Company
or a Guarantor for making payment thereof due to the imposition of exchange controls or other
circumstances beyond the control of the Company or such Guarantor (a “Conversion Event”),
the Company and the Guarantor will be entitled to satisfy its obligations to Holders of the
Securities by making such payment in Dollars in an amount equal to the Dollar equivalent of the
amount payable in such other currency, as determined by the Company or the Guarantor making such
payment, as the case may be, by reference to the Exchange Rate on the date of such payment, or, if
such rate is not then available, on the basis of the most recently available

 

35

Exchange Rate. Notwithstanding the foregoing provisions of this Section 6.01, any payment made
under such circumstances in Dollars where the required payment is in a currency other than Dollars
will not constitute an Event of Default under this Indenture.

          Promptly after the occurrence of a Conversion Event, the Company or the Guarantor shall give
written notice thereof to the Trustee; and the Trustee, promptly after receipt of such notice,
shall give notice thereof in the manner provided in Section 12.02 to the Holders. Promptly after
the making of any payment in Dollars as a result of a Conversion Event, the Company or the
Guarantor making such payment, as the case may be, shall give notice in the manner provided in
Section 12.02 to the Holders, setting forth the applicable Exchange Rate and describing the
calculation of such payments.

          A Default under clause (4) or (7) of this Section 6.01 is not an Event of Default until the
Trustee notifies the Company and the Guarantor, or the Holders of at least 25% in principal amount
of the then outstanding Securities of the series affected by such Default (or, in the case of a
Default under clause (4) of this Section 6.01, if outstanding Securities of other series are
affected by such Default, then at least 25% in principal amount of the then outstanding Securities
so affected) notify the Company, the Guarantor and the Trustee, of the Default, and the Company or
the Guarantor, as the case may be, fails to cure the Default within 90 days after receipt of the
notice. The notice must specify the Default, demand that it be remedied and state that the notice
is a “Notice of Default.”

          SECTION 6.02. Acceleration.

          If an Event of Default with respect to any Securities of any series at the time outstanding
(other than an Event of Default specified in clause (5) or (6) of Section 6.01) occurs and is
continuing, the Trustee by notice to the Company and the Guarantor, or the Holders of at least 25%
in principal amount of the then outstanding Securities of the series affected by such Event of
Default by notice to the Company, the Guarantor and the Trustee, may declare the principal of (or,
if any such Securities are Original Issue Discount Securities, such portion of the principal amount
as may be specified in the terms of that series) and all accrued and unpaid interest on all then
outstanding Securities of such series to be due and payable. Upon any such declaration, the amounts
due and payable on the Securities shall be due and payable immediately. If an Event of Default
specified in clause (5) or (6) of Section 6.01 hereof occurs, such amounts shall ipso facto become
and be immediately due and payable without any declaration, notice or other act on the part of the
Trustee or any Holder. The Holders of a majority in principal amount of the then outstanding
Securities of the series affected by such Event of Default by written notice to the Trustee may
rescind an acceleration and its consequences (other than nonpayment of principal of or premium or
interest on or any Additional Amounts with respect to the Securities) if the rescission would not
conflict with any judgment or decree and if all existing Events of Default with respect to
Securities of that series have been cured or waived, except nonpayment of principal, premium,
interest or any Additional Amounts that has become due solely because of the acceleration.

 

36

          SECTION 6.03. Other Remedies.

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

          The Trustee may maintain a proceeding even if it does not possess any of the Securities or
does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder in
exercising any right or remedy accruing upon an Event of Default shall not impair the right or
remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law.

          SECTION 6.04. Waiver of Defaults.

          Subject to Sections 6.07 and 9.02, the Holders of a majority in principal amount of the then
outstanding Securities of any series or of all series (acting as one class) by notice to the
Trustee may waive an existing or past Default or Event of Default with respect to such series or
all series, as the case may be, and its consequences (including waivers obtained in connection with
a tender offer or exchange offer for Securities of such series or all series or a solicitation of
consents in respect of Securities of such series or all series, provided that in each case such
offer or solicitation is made to all Holders of then outstanding Securities of such series or all
series (but the terms of such offer or solicitation may vary from series to series)), except (1) a
continuing Default or Event of Default in the payment of the principal of, or premium, if any, or
interest on or any Additional Amounts with respect to any Security or (2) a continued Default in
respect of a provision that under Section 9.02 cannot be amended or supplemented without the
consent of each Holder affected. Upon any such waiver, such Default shall cease to exist, and any
Event of Default arising therefrom shall be deemed to have been cured for every purpose of this
Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right
consequent thereon.

          SECTION 6.05. Control by Majority.

          With respect to Securities of any series, the Holders of a majority in principal amount of the
then outstanding Securities of such series may direct in writing the time, method and place of
conducting any proceeding for any remedy available to the Trustee or exercising any trust or power
conferred on it relating to or arising under an Event of Default described in clause (1), (2), (3)
or (7) of Section 6.01, and with respect to all Securities, the Holders of a majority in principal
amount of all the then outstanding Securities affected may direct in writing the time, method and
place of conducting any proceeding for any remedy available to the Trustee or exercising any trust
or power conferred on it not relating to or arising under such an Event of Default. However, the
Trustee may refuse to follow any direction that conflicts with applicable law or this Indenture,
that the Trustee determines may be unduly prejudicial to the rights of other Holders, or that may
involve the Trustee in personal liability; provided, however, that the Trustee may take any other
action deemed proper by the Trustee that is not inconsistent

 

37

with such direction. Prior to taking any action hereunder, the Trustee shall be entitled to
indemnification satisfactory to it in its sole discretion from Holders directing the Trustee
against all losses and expenses caused by taking or not taking such action.

          SECTION 6.06. Limitations on Suits.

          Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with
respect to this Indenture or the Securities of such series only if:

        (1) the Holder gives to the Trustee written notice of a continuing Event of Default
with respect to such series;

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

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

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

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

          A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a
preference or priority over another Holder.

          SECTION 6.07. Rights of Holders to Receive Payment.

          Notwithstanding any other provision of this Indenture, the right of any Holder of a Security
to receive payment of principal of and premium, if any, and interest on and any Additional Amounts
with respect to the Security, on or after the respective due dates expressed in the Security, or to
bring suit for the enforcement of any such payment on or after such respective dates, is absolute
and unconditional and shall not be impaired or affected without the consent of the Holder.

          SECTION 6.08. Collection Suit by Trustee.

          If an Event of Default specified in clause (1) or (2) of Section 6.01 hereof occurs and is
continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an
express trust against the Company or the Guarantor for the amount of principal, premium (if any),
interest and any Additional Amounts remaining unpaid on the Securities of the series affected by
the Event of Default, and interest on overdue principal and premium, if any, and, to the extent
lawful, interest on overdue interest, and such further amount as shall be sufficient to cover the
costs and expenses of collection,

 

38

including the reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents and counsel.

          SECTION 6.09. Trustee May File Proofs of Claim.

          The Trustee is authorized to file such proofs of claim and other papers or documents and to
take such actions, including participating as a member, voting or otherwise, of any committee of
creditors, as may be necessary or advisable to have the claims of the Trustee (including any claim
for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel) and the Holders allowed in any judicial proceedings relative to the Company or the
Guarantor or their respective creditors or properties and shall be entitled and empowered to
collect, receive and distribute any money or other property payable or deliverable on any such
claims and any Bankruptcy Custodian in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the
making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and any other amounts due the Trustee under Section 7.07. To the extent that the payment
of any such compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and any other amounts due the Trustee under Section 7.07 out of the estate in any such
proceeding, shall be denied for any reason, payment of the same shall be secured by a lien on, and
shall be paid out of, any and all distributions, dividends, money, securities and other properties
which the Holders of the Securities may be entitled to receive in such proceeding whether in
liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein
contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on
behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting
the Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect
of the claim of any Holder in any such proceeding.

          SECTION 6.10. Priorities.

          If the Trustee collects any money pursuant to this Article VI, it shall, subject to Article
XI, pay out the money in the following order:

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

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

     Third: to the Company.

 

39

          The Trustee, upon prior written notice to the Company, may fix record dates and payment dates
for any payment to Holders pursuant to this Article VI.

          To the fullest extent allowed under applicable law, if for the purpose of obtaining a judgment
against the Company or a Guarantor in any court it is necessary to convert the sum due in respect
of the principal of, premium (if any) or interest on or Additional Amounts with respect to the
Securities of any series (the “Required Currency”) into a currency in which a judgment will
be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which
in accordance with normal banking procedures the Trustee could purchase in New York, New York the
Required Currency with the Judgment Currency on the Business Day in New York, New York next
preceding that on which final judgment is given. Neither the Company, the Guarantor nor the Trustee
shall be liable for any shortfall nor shall it benefit from any windfall in payments to Holders of
Securities under this Section 6.10 caused by a change in exchange rates between the time the amount
of a judgment against it is calculated as above and the time the Trustee converts the Judgment
Currency into the Required Currency to make payments under this Section 6.10 to Holders of
Securities, but payment of such judgment shall discharge all amounts owed by the Company and the
Guarantor on the claim or claims underlying such judgment.

          SECTION 6.11. Undertaking for Costs.

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

ARTICLE VII

Trustee

          SECTION 7.01. Duties of Trustee.

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

          (b) Except during the continuance of an Event of Default with respect to the Securities of any
series:

 

40

          (1) the Trustee need perform only those duties that are specifically set
forth in this Indenture and no others, and no implied covenants or obligations
shall be read into this Indenture against the Trustee; and

          (2) in the absence of bad faith on its part, the Trustee may conclusively
rely, as to the truth of the statements and the correctness of the opinions
expressed therein, upon certificates or opinions furnished to the Trustee and
conforming to the requirements of this Indenture. However, the Trustee shall
examine such certificates and opinions to determine whether, on their face, they
appear to conform to the requirements of this Indenture.

          (c) The Trustee may not be relieved from liabilities for its own negligent action, its own
negligent failure to act or its own willful misconduct, except that:

            (1) this paragraph does not limit the effect of Section 7.01(b);

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

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

          (d) Whether or not therein expressly so provided, every provision of this Indenture that in
any way relates to the Trustee is subject to the provisions of this Section 7.01.

          (e) No provision of this Indenture shall require the Trustee to expend or risk its own funds
or incur any liability, if it shall have reasonable grounds to believe that repayment of such funds
or adequate indemnity against such risk or liability is not reasonably assured to it.

          (f) Money held in trust by the Trustee need not be segregated from other funds except to the
extent required by law. All money received by the Trustee shall, until applied as herein provided,
be held in trust for the payment of the principal of, premium (if any) and interest on and
Additional Amounts with respect to the Securities.

          (g) Every provision of this Indenture relating to the conduct or affecting the liability of or
affording protection to the Trustee shall be subject to the provisions of this Section and to the
provisions of the TIA.

          (h) The Trustee may engage in other transactions; provided, however, that if
it acquires any conflicting interest, it must either eliminate such conflict within 90 days, apply
to the SEC for permission to continue or resign.

 

41

          SECTION 7.02. Rights of Trustee.

          (a) The Trustee may conclusively rely on any document believed by it to be genuine and to have
been signed or presented by the proper Person. The Trustee need not investigate any fact or matter
stated in the document.

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

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

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

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

          (f) Unless otherwise specifically provided in this Indenture, any demand, request, direction
or notice from the Company or the Guarantor shall be sufficient if signed by an Officer of the
Company or the Guarantor, as the case may be.

          (g) The Trustee shall not be obligated to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request,
direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or
document.

          (h) The Trustee may request that the Company deliver an Officers’ Certificate setting forth
the names of individuals and/or titles of officers authorized at such time to take specified
actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person
authorized to sign an Officers’ Certificate, including any person specified as so authorized in any
such certificate previously delivered and not superseded.

          SECTION 7.03. May Hold Securities.

          The Trustee in its individual or any other capacity may become the owner or pledgee of
Securities and may otherwise deal with the Company, the Guarantor or any of their respective
Affiliates with the same rights it would have if it were not Trustee. Any Agent may do the same
with like rights and duties. However, the Trustee is subject to Sections 7.10 and 7.11.

 

42

          SECTION 7.04. Trustee’s Disclaimer.

          The Trustee makes no representation as to the validity or adequacy of this Indenture or the
Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities
or any money paid to the Company or the Guarantor or upon the Company’s or the Guarantor’s
direction under any provision hereof, it shall not be responsible for the use or application of any
money received by any Paying Agent other than the Trustee and it shall not be responsible for any
statement or recital herein or any statement in the Securities other than its certificate of
authentication.

          SECTION 7.05. Notice of Defaults.

          If a Default or Event of Default with respect to the Securities of any series occurs and is
continuing and it is known to the Trustee, the Trustee shall mail to Holders of Securities of such
series a notice of the Default or Event of Default within 90 days after it occurs.

          SECTION 7.06. Reports by Trustee to Holders.

          Within 60 days after each April 15 of each year after the execution of this Indenture, the
Trustee shall mail to Holders of a series, the Guarantor and the Company a brief report dated as of
such reporting date that complies with TIA Section 313(a); provided, however, that if no event
described in TIA Section 313(a) has occurred within the twelve months preceding the reporting date
with respect to a series, no report need be transmitted to Holders of such series. The Trustee also
shall comply with TIA Section 313(b). The Trustee shall also transmit by mail or file by such
method as may be required all reports if and as required by TIA Sections 313(c) and 313(d).

          A copy of each report at the time of its mailing to Holders of a series of Securities shall be
filed with the SEC and each securities exchange, if any, on which the Securities of such series are
listed. The Company shall notify the Trustee if and when any series of Securities is listed on any
securities exchange.

          SECTION 7.07. Compensation and Indemnity.

          The Company agrees to pay to the Trustee for its acceptance of this Indenture and services
hereunder such compensation as the Company and the Trustee shall from time to time agree in
writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of
an express trust. The Company agrees to reimburse the Trustee upon request for all reasonable
disbursements, advances and expenses incurred by it. Such expenses shall include the reasonable
compensation, disbursements and expenses of the Trustee’s agents and counsel.

          The Company hereby indemnifies the Trustee and any predecessor Trustee against any and all
loss, liability, damage, claim or expense, including taxes (other than taxes based upon, measured
by or determined by the income of the Trustee), incurred by it arising out of or in connection with
the acceptance or administration of its duties under this Indenture, except as set forth in the
next following paragraph. The Trustee shall

 

43

notify the Company and the Guarantor promptly of any claim for which it may seek indemnity.
The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may
have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel.
The Company need not pay for any settlement made without its consent.

          The Company shall not be obligated to reimburse any expense or indemnify against any loss or
liability incurred by the Trustee through the Trustee’s negligence, bad faith, willful misconduct,
default, breach of duty or breach of trust.

          To secure the payment obligations of the Company in this Section 7.07, the Trustee shall have
a lien prior to the Securities on all money or property held or collected by the Trustee, except
that held in trust to pay principal of, premium (if any) and interest on and any Additional Amounts
with respect to Securities of any series. Such lien and the Company’s obligations under this
Section 7.07 shall survive the satisfaction and discharge of this Indenture.

          When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.01(5) or (6) occurs, the expenses and the compensation for the services are intended to
constitute expenses of administration under any Bankruptcy Law.

          SECTION 7.08. Replacement of Trustee.

          A resignation or removal of the Trustee and appointment of a successor Trustee shall become
effective only upon the successor Trustee’s acceptance of appointment as provided in this Section
7.08.

          The Trustee may resign and be discharged at any time with respect to the Securities of one or
more series by so notifying the Company and the Guarantor. The Holders of a majority in principal
amount of the then outstanding Securities of any series may remove the Trustee with respect to the
Securities of such series by so notifying the Trustee, the Company and the Guarantors. The Company
may remove the Trustee if:

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

               (2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is
entered with respect to the Trustee under any Bankruptcy Law;

               (3) a Bankruptcy Custodian or public officer takes charge of the Trustee or its
property; or

               (4) the Trustee otherwise becomes incapable of acting.

          If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, with respect to the Securities of one or more series, the Company shall promptly appoint a
successor Trustee or Trustees with respect to the Securities of that or those series (it being
understood that any such successor Trustee may be appointed

 

44

with respect to the Securities of one or more or all of such series and that at any time there
shall be only one Trustee with respect to the Securities of any particular series). Within one year
after the successor Trustee with respect to the Securities of any series takes office, the Holders
of a majority in principal amount of the Securities of such series then outstanding may appoint a
successor Trustee to replace the successor Trustee appointed by the Company.

          If a successor Trustee with respect to the Securities of any series does not take office
within 30 days after the retiring or removed Trustee resigns or is removed, the retiring or removed
Trustee, the Company, the Guarantor or the Holders of at least 10% in principal amount of the then
outstanding Securities of such series may petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to the Securities of such series.

          If the Trustee with respect to the Securities of a series fails to comply with Section 7.10,
any Holder of Securities of such series may petition any court of competent jurisdiction for the
removal of the Trustee and the appointment of a successor Trustee with respect to the Securities of
such series.

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

          In case of the appointment of a successor Trustee with respect to the Securities of one or
more (but not all) series, the Company, the Guarantor, the retiring Trustee and each successor
Trustee with respect to the Securities of one or more (but not all) series shall execute and
deliver an indenture supplemental hereto in which each successor Trustee shall accept such
appointment and that (1) shall confer to each successor Trustee all the rights, powers and duties
of the retiring Trustee with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with
respect to all Securities, shall confirm that all the rights, powers and duties of the retiring
Trustee with respect to the Securities of that or those series as to which the retiring Trustee is
not retiring shall continue to be vested in the retiring Trustee and (3) shall add to or change any
of the provisions of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee. Nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same trust, and each such
Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts
hereunder administered by any other such Trustee. Upon the execution and delivery of such
supplemental indenture, the resignation or removal of the retiring Trustee shall become effective
to the extent provided therein and each such successor Trustee shall have all the rights, powers
and duties of the retiring Trustee with

 

45

respect to the Securities of that or those series to which the appointment of such successor
Trustee relates. On request of the Company or any successor Trustee, such retiring Trustee shall
transfer to such successor Trustee all property held by such retiring Trustee as Trustee with
respect to the Securities of that or those series to which the appointment of such successor
Trustee relates. Such retiring Trustee shall, however, have the right to deduct its unpaid fees and
expenses, including attorneys’ fees.

          Notwithstanding replacement of the Trustee or Trustees pursuant to this Section 7.08, the
obligations of the Company under Section 7.07 shall continue for the benefit of the retiring
Trustee or Trustees.

          SECTION 7.09. Successor Trustee by Merger, etc.

          Subject to Section 7.10, if the Trustee consolidates, merges or converts into, or transfers
all or substantially all of its corporate trust business to, another corporation, the successor
corporation without any further act shall be the successor Trustee; provided, however, that in the
case of a transfer of all or substantially all of its corporate trust business to another
corporation, the transferee corporation expressly assumes all of the Trustee’s liabilities
hereunder.

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

          SECTION 7.10. Eligibility; Disqualification.

          There shall at all times be a Trustee hereunder which shall be a corporation or banking
association organized and doing business under the laws of the United States, any State thereof or
the District of Columbia and authorized under such laws to exercise corporate trust power, shall be
subject to supervision or examination by Federal or State (or the District of Columbia) authority
and shall have, or be a subsidiary of a bank or bank holding company having, a combined capital and
surplus of at least $50 million as set forth in its most recent published annual report of
condition.

          The Indenture shall always have a Trustee who satisfies the requirements of TIA Sections
310(a)(1), 310(a)(2) and 310(a)(5). The Trustee is subject to and shall comply with the provisions
of TIA Section 310(b) during the period of time required by this
Indenture.
Nothing in this
Indenture shall prevent the Trustee from filing with the SEC the application referred to in the
penultimate paragraph of TIA Section 310(b).

 

46

          SECTION 7.11. Preferential Collection of Claims Against the Company or a Guarantor.

          The Trustee is subject to and shall comply with the provisions of TIA Section 311(a),
excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or
been removed shall be subject to TIA Section 311(a) to the extent indicated therein.

ARTICLE VIII

Discharge of Indenture

          SECTION 8.01. Termination of the Company’s and the Guarantor’s Obligations.

          (a) This Indenture shall cease to be of further effect with respect to the Securities of a
series (except that the Company’s obligations under Section 7.07, the Trustee’s and Paying Agent’s
obligations under Section 8.03 and the rights, powers, protections and privileges accorded the
Trustee under Article VII shall survive), and the Trustee and the Guarantor, on demand of the
Company, shall execute proper instruments acknowledging the satisfaction and discharge of this
Indenture with respect to the Securities of such series, when:

          (1) either:

               (A) all outstanding Securities of such series theretofore authenticated and issued
(other than destroyed, lost or stolen Securities that have been replaced or paid) have
been delivered to the Trustee for cancellation; or

               (B) all outstanding Securities of such series not theretofore delivered to the
Trustee for cancellation:

	 	(i)	 	have become due and
payable, or
	 
	 	(ii)	 	will become due and
payable at their Stated Maturity within one year, or
	 
	 	(iii)	 	are to be called for
redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of
redemption by the Trustee in the name, and at the
expense, of the Company,

and, in the case of clause (i), (ii) or (iii) above, the Company or a Guarantor
has irrevocably deposited or caused to be deposited with the Trustee as funds
(immediately available to the Holders in the case of clause (i)) in trust for such
purpose (x) cash in an amount, or (y) Government Obligations, maturing as to
principal and interest at such times and in such amounts as will ensure the
availability of cash in an

 

47

amount or (z) a combination thereof, which will be sufficient, as evidenced (in
the case of clauses (y) and (z)) by a letter from an internationally recognized
firm of independent public accountants in customary form delivered to the Trustee,
to pay and discharge the entire indebtedness on the Securities of such series for
principal and interest to the date of such deposit (in the case of Securities
which have become due and payable) or for principal, premium, if any, and interest
to the Stated Maturity or Redemption Date, as the case may be; or

               (C) the Company and the Guarantor have properly fulfilled such other means of
satisfaction and discharge as is specified, as contemplated by Section 2.01, to be
applicable to the Securities of such series;

          (2) the Company or the Guarantor has paid or caused to be paid all other sums payable by them
hereunder with respect to the Securities of such series; and

          (3) the Company has delivered to the Trustee an Officers’ Certificate stating that all
conditions precedent to satisfaction and discharge of this Indenture with respect to the Securities
of such series have been complied with together with an Opinion of Counsel to the same effect.

          (b) Unless this Section 8.01(b) is specified as not being applicable to Securities of a series
as contemplated by Section 2.01, the Company may, at its option, terminate certain of its and the
Guarantors’ respective obligations under this Indenture (“covenant defeasance”) with
respect to the Securities of a series if:

        (1) the Company or a Guarantor has irrevocably deposited or caused to be irrevocably
deposited with the Trustee as trust funds in trust for the purpose of making the following
payments, specifically pledged as security for and dedicated solely to the benefit of the
Holders of Securities of such series, (i) money in the currency in which payment of the
Securities of such series is to be made in an amount, or (ii) Government Obligations with
respect to such series, maturing as to principal and interest at such times and in such
amounts as will ensure the availability of money in the currency in which payment of the
Securities of such series is to be made in an amount or (iii) a combination thereof, that
is sufficient, as evidenced (in the case of clauses (ii) and (iii)) by a letter from an
internationally recognized firm of independent public accountants in customary form
delivered to the Trustee, to pay the principal of and premium (if any) and interest on all
Securities of such series on each date that such principal, premium (if any) or interest is
due and payable and (at the Stated Maturity thereof or upon redemption as provided in
Section 8.01(e)) to pay all other sums payable by it hereunder; provided that the Trustee
shall have been irrevocably instructed to apply such money and/or the proceeds of such
Government Obligations to the payment of said principal, premium (if any) and interest with
respect to the Securities of such series as the same shall become due;

        (2) the Company has delivered to the Trustee an Officers’ Certificate stating that all
conditions precedent with respect to such covenant defeasance of

 

48

the Securities of such series have been complied with, and an Opinion of Counsel to
the same effect;

          (3) the Company shall have delivered to the Trustee an Opinion of Counsel from a
nationally recognized counsel acceptable to the Trustee or a tax ruling to the effect that
the Holders will not recognize income, gain or loss for U.S. Federal income tax purposes as
a result of the Company’s exercise of its option under this Section 8.01(b) and will be
subject to U.S. Federal income tax on the same amount and in the same manner and at the
same times as would have been the case if such option had not been exercised; and

          (4) the Company and the Guarantors have complied with any additional conditions
specified pursuant to Section 2.01 to be applicable to the discharge of Securities of such
series pursuant to this Section 8.01.

          In such event, this Indenture shall cease to be of further effect (except as set forth in this
paragraph), and the Trustee and the Guarantor, on demand of the Company, shall execute proper
instruments acknowledging satisfaction and discharge under this Indenture. However, the Company’s
and the Guarantors’ respective obligations in Sections 2.05, 2.06, 2.07, 2.08, 2.09, 4.01, 4.02,
7.07, 7.08, 8.04 and 10.01, the Trustee’s and Paying Agent’s obligations in Section 8.03 and the
rights, powers, protections and privileges accorded the Trustee under Article VII shall survive
until all Securities of such series are no longer outstanding. Thereafter, only the Company’s
obligations in Section 7.07 and the Trustee’s and Paying Agent’s obligations in Section 8.03 shall
survive with respect to Securities of such series.

          After such irrevocable deposit made pursuant to this Section 8.01(b) and satisfaction of the
other conditions set forth herein, the Trustee upon request shall acknowledge in writing the
discharge of the Company’s and the Guarantors’ obligations under this Indenture with respect to the
Securities of such series except for those surviving obligations specified above.

          In order to have money available on a payment date to pay principal of or premium (if any) or
interest on the Securities, the Government Obligations shall be payable as to principal or interest
on or before such payment date in such amounts as will provide the necessary money. Government
Obligations shall not be callable at the issuer’s option.

          (c) If the Company and the Guarantors have previously complied or are concurrently complying
with Section 8.01(b) (other than any additional conditions specified pursuant to Section 2.01 that
are expressly applicable only to covenant defeasance) with respect to Securities of a series, then,
unless this Section 8.01(c) is specified as not being applicable to Securities of such series as
contemplated by Section 2.01, the Company may elect that its and the Guarantors’ respective
obligations to make payments with respect to Securities of such series be discharged (“legal
defeasance”), if:

 

49

          (1) no Default or Event of Default under clauses (5) and (6) of Section 6.01 hereof
shall have occurred at any time during the period ending on the 91st day after the date of
deposit contemplated by Section 8.01(b) (it being understood that this condition shall not
be deemed satisfied until the expiration of such period);

          (2) unless otherwise specified with respect to Securities of such series as
contemplated by Section 2.01, the Company has delivered to the Trustee an Opinion of
Counsel from a nationally recognized counsel acceptable to the Trustee to the effect
referred to in Section 8.01(b)(3) with respect to such legal defeasance, which opinion is
based on (i) a private ruling of the Internal Revenue Service addressed to the Company,
(ii) a published ruling of the Internal Revenue Service pertaining to a comparable form of
transaction or (iii) a change in the applicable federal income tax law (including
regulations) after the date of this Indenture;

          (3) the Company and the Guarantors have complied with any other conditions specified
pursuant to Section 2.01 to be applicable to the legal defeasance of Securities of such
series pursuant to this Section 8.01(c); and

          (4) the Company has delivered to the Trustee a Company Request requesting such legal
defeasance of the Securities of such series and an Officers’ Certificate stating that all
conditions precedent with respect to such legal defeasance of the Securities of such series
have been complied with, together with an Opinion of Counsel to the same effect.

In such event, the Company and the Guarantor will be discharged from their respective obligations
under this Indenture and the Securities of such series to pay principal of, premium (if any) and
interest on, and any Additional Amounts with respect to, Securities of such series, the Company’s
and the Guarantor’s respective obligations under Sections 4.01, 4.02 and 10.01 shall terminate with
respect to such Securities, and the entire indebtedness of the Company evidenced by such Securities
and of the Guarantor evidenced by the related Guarantees shall be deemed paid and discharged.

               (d) If and to the extent additional or alternative means of satisfaction, discharge or
defeasance of Securities of a series are specified to be applicable to such series as contemplated
by Section 2.01, each of the Company and the Guarantor may terminate any or all of its obligations
under this Indenture with respect to Securities of a series and any or all of its obligations under
the Securities of such series if it fulfills such other means of satisfaction and discharge as may
be so specified, as contemplated by Section 2.01, to be applicable to the Securities of such
series.

               (e) If Securities of any series subject to subsections (a), (b), (c) or (d) of this Section
8.01 are to be redeemed prior to their Stated Maturity, whether pursuant to any optional redemption
provisions or in accordance with any mandatory or optional sinking fund provisions, the terms of
the applicable trust arrangement shall provide for such redemption, and the Company shall make such
arrangements as are reasonably

 

50

satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name,
and at the expense, of the Company.

          SECTION 8.02. Application of Trust Money.

          The Trustee or a trustee satisfactory to the Trustee and the Company shall hold in trust money
or Government Obligations deposited with it pursuant to Section 8.01 hereof. It shall apply the
deposited money and the money from Government Obligations through the Paying Agent and in
accordance with this Indenture to the payment of principal of, premium (if any) and interest on and
any Additional Amounts with respect to the Securities of the series with respect to which the
deposit was made. Money and securities held in trust are not subject to Article XI.

          SECTION 8.03. Repayment to Company or Guarantor.

          The Trustee and the Paying Agent shall promptly pay to the Company or the Guarantor any excess
money or Government Obligations (or proceeds therefrom) held by them at any time upon the written
request of the Company.

          Subject to the requirements of any applicable abandoned property laws, the Trustee and the
Paying Agent shall pay to the Company upon written request any money held by them for the payment
of principal, premium (if any), interest or any Additional Amounts that remain unclaimed for two
years after the date upon which such payment shall have become due. After payment to the Company,
Holders entitled to the money must look to the Company for payment as general creditors unless an
applicable abandoned property law designates another Person, and all liability of the Trustee and
the Paying Agent with respect to such money shall cease.

          SECTION 8.04. Reinstatement.

          If the Trustee or the Paying Agent is unable to apply any money or Government Obligations
deposited with respect to Securities of any series in accordance with Section 8.01 by reason of any
legal proceeding or by reason of any order or judgment of any court or governmental authority
enjoining, restraining or otherwise prohibiting such application, the obligations of the Company
and the Guarantor under this Indenture with respect to the Securities of such series and under the
Securities of such series shall be revived and reinstated as though no deposit had occurred
pursuant to Section 8.01 until such time as the Trustee or the Paying Agent is permitted to apply
all such money or Government Obligations in accordance with Section 8.01; provided, however, that
if the Company or the Guarantor has made any payment of principal of, premium (if any) or interest
on or any Additional Amounts with respect to any Securities because of the reinstatement of its
obligations, the Company or the Guarantor, as the case may be, shall be subrogated to the rights of
the Holders of such Securities to receive such payment from the money or Government Obligations
held by the Trustee or the Paying Agent.

 

51

ARTICLE IX

Supplemental Indentures and Amendments

          SECTION 9.01. Without Consent of Holders.

          The Company, the Guarantor and the Trustee may amend or supplement this Indenture or the
Securities or waive any provision hereof or thereof without the consent of any Holder:

          (1) to cure any ambiguity, omission, defect or inconsistency;

          (2) to cause any entity to assume the obligations of the Company or the Guarantor in
compliance with Article V;

          (3) to provide for uncertificated Securities in addition to or in place of
certificated Securities, provided, however, that the uncertificated
Securities are issued in a registered form for purposes of Section 163(f) of the Code or in
a manner such that such uncertificated Securities are described in Section 163(f)(2)(B) of
the Code;

          (4) to provide any security for, or to add any guarantees of or additional obligors
on, any series of Securities or the related Guarantees;

          (5) to comply with any requirement in order to effect or maintain the qualification of
this Indenture under the TIA;

          (6) to add to the covenants of the Company or the Guarantor for the benefit of the
Holders of all or any series of Securities (and if such covenants are to be for the benefit
of less than all series of Securities, stating that such covenants are expressly being
included solely for the benefit of such series), or to surrender any right or power herein
conferred upon the Company or the Guarantor;

          (7) to add any additional Events of Default with respect to all or any series of the
Securities (and, if any Event of Default is applicable to less than all series of
Securities, specifying the series to which such Event of Default is applicable);

          (8) to change or eliminate any of the provisions of this Indenture; provided that any
such change or elimination shall become effective only when there is no outstanding
Security of any series created prior to the execution of such amendment or supplemental
indenture that is adversely affected in any material respect by such change in or
elimination of such provision;

          (9) to establish the form or terms of Securities of any series as permitted by Section
2.01;

 

52

          (10) to supplement any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the defeasance and discharge of any series of Securities
pursuant to Section 8.01; provided, however, that any such action shall not adversely
affect the interest of the Holders of Securities of such series or any other series of
Securities in any material respect;

          (11) to evidence and provide for the acceptance of appointment hereunder by a
successor Trustee with respect to the Securities of one or more series and to add to or
change any of the provisions of this Indenture as shall be necessary to provide for or
facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to
the requirements of Section 7.08; or

          (12) to modify the Indenture in any manner that does not adversely affect the rights
of Holders in any material respect.

          Upon the request of the Company and upon receipt by the Trustee of the documents described in
Section 9.06, the Trustee shall, subject to Section 9.06, join with the Company and the Guarantor
in the execution of any supplemental indenture authorized or permitted by the terms of this
Indenture and make any further appropriate agreements and stipulations that may be therein
contained.

          SECTION 9.02. With Consent of Holders.

          Except as provided below in this Section 9.02, the Company, the Guarantor and the Trustee may
amend or supplement this Indenture with the written consent (including consents obtained in
connection with a tender offer or exchange offer for Securities of any one or more series or all
series or a solicitation of consents in respect of Securities of any one or more series or all
series, provided that in each case such offer or solicitation is made to all Holders of then
outstanding Securities of each such series (but the terms of such offer or solicitation may vary
from series to series)) of the Holders of at least a majority in principal amount of the then
outstanding Securities of all series affected by such amendment or supplement (acting as one
class).

          Upon the request of the Company and upon the filing with the Trustee of evidence of the
consent of the Holders as aforesaid, and upon receipt by the Trustee of the documents described in
Section 9.06, the Trustee shall, subject to Section 9.06, join with the Company and the Guarantor
in the execution of such amendment or supplemental indenture.

          It shall not be necessary for the consent of the Holders under this Section 9.02 to approve
the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if
such consent approves the substance thereof.

          The Holders of a majority in principal amount of the then outstanding Securities of one or
more series or of all series may waive compliance in a particular instance by the Company or the
Guarantor with any provision of this Indenture with respect to Securities of such series (including
waivers obtained in connection with a tender offer or exchange offer for Securities of such series
or a solicitation of consents in

 

53

respect of Securities of such series, provided that in each case such offer or solicitation is
made to all Holders of then outstanding Securities of such series (but the terms of such offer or
solicitation may vary from series to series)).

          However, without the consent of each Holder affected, an amendment, supplement or waiver
relating to the outstanding Securities of a particular series under this Section 9.02 may not:

      (1) reduce the amount of Securities whose Holders must consent to an amendment,
supplement or waiver;

      (2) reduce the rate of or change the time for payment of interest, including default
interest, on any Security;

      (3) reduce the principal of any Security or change its Stated Maturity;

      (4) reduce the premium, if any, payable upon the redemption of any Security or change
the time at which any Security may or shall be redeemed;

      (5) change any obligation of the Company or the Guarantor to pay Additional Amounts
with respect to any Security;

      (6) change the coin or currency or currencies (including composite currencies) in
which any Security or any premium, interest or Additional Amounts with respect thereto are
payable, except as permitted under Section 2.18;

      (7) impair the right to institute suit for the enforcement of any payment of principal
of, premium (if any) or interest on or any Additional Amounts with respect to any Security
pursuant to Sections 6.07 and 6.08, except as limited by Section 6.06;

      (8) make any change in the percentage of principal amount of Securities necessary to
waive compliance with certain provisions of this Indenture pursuant to Section 6.04 or 6.07
or make any change in this sentence of Section 9.02;

      (9) modify the provisions in this Indenture with respect to the subordination of any
Security in a manner adverse to the rights of Holders in any material respect; or

      (10) waive a continuing Default or Event of Default in the payment of principal of,
premium (if any) or interest on or Additional Amounts with respect to the Securities.

          A supplemental indenture that changes or eliminates any covenant or other provision of this
Indenture which has expressly been included solely for the benefit of one or more particular series
of Securities, or which modifies the rights of the Holders of Securities of such series with
respect to such covenant or other provision, shall be

 

54

deemed not to affect the rights under this Indenture of the Holders of Securities of any other
series.

          The right of any Holder to participate in any consent required or sought pursuant to any
provision of this Indenture (and the obligation of the Company or the Guarantor to obtain any such
consent otherwise required from such Holder) may be subject to the requirement that such Holder
shall have been the Holder of record of any Securities with respect to which such consent is
required or sought as of a date identified by the Company or the Guarantor in a notice furnished to
Holders in accordance with the terms of this Indenture.

          After an amendment, supplement or waiver under this Section 9.02 becomes effective, the
Company shall mail to the Holders of each Security affected thereby a notice briefly describing the
amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect
therein, shall not, however, in any way impair or affect the validity of any such amendment,
supplement or waiver.

          SECTION 9.03. Compliance with Trust Indenture Act.

          Every amendment or supplement to this Indenture or the Securities shall comply in form and
substance with the TIA as then in effect.

          SECTION 9.04. Revocation and Effect of Consents.

          Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder is a
continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security
that evidences the same debt as the consenting Holder’s Security, even if notation of the consent
is not made on any Security. However, any such Holder or subsequent Holder may revoke the consent
as to his or her Security or portion of a Security if the Trustee receives written notice of
revocation before a date and time therefor identified by the Company or the Guarantor in a notice
furnished to such Holder in accordance with the terms of this Indenture or, if no such date and
time shall be identified, the date the amendment, supplement or waiver becomes effective. An
amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds
every Holder.

          The Company or the Guarantor may, but shall not be obligated to, fix a record date (which need
not comply with TIA Section 316(c)) for the purpose of determining the Holders entitled to consent
to any amendment, supplement or waiver or to take any other action under this Indenture. If a
record date is fixed, then notwithstanding the provisions of the immediately preceding paragraph,
those Persons who were Holders at such record date (or their duly designated proxies), and only
those Persons, shall be entitled to consent to such amendment, supplement or waiver or to revoke
any consent previously given, whether or not such Persons continue to be Holders after such record
date. No consent shall be valid or effective for more than 90 days after such record date unless
consents from Holders of the principal amount of Securities

 

55

required hereunder for such amendment or waiver to be effective shall have also been given and
not revoked within such 90-day period.

          After an amendment, supplement or waiver becomes effective, it shall bind every Holder, unless
it is of the type described in any of clauses (1) through (9) of Section 9.02 hereof. In such case,
the amendment, supplement or waiver shall bind each Holder who has consented to it and every
subsequent Holder that evidences the same debt as the consenting Holder’s Security.

          SECTION 9.05. Notation on or Exchange of Securities.

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

          Securities of any series authenticated and delivered after the execution of any amendment or
supplement may, and shall if required by the Trustee, bear a notation in form approved by the
Trustee as to any matter provided for in such amendment or supplement.

          SECTION 9.06. Trustee to Sign Amendments, etc.

          The Trustee shall sign any amendment or supplement authorized pursuant to this Article if the
amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of
the Trustee. If it does, the Trustee may, but need not, sign it. In signing or refusing to sign
such amendment or supplement, the Trustee shall be entitled to receive, and, subject to Section
7.01 hereof, shall be fully protected in relying upon, an Officers’ Certificate as conclusive
evidence that such amendment or supplement is authorized or permitted by this Indenture and that it
will be valid and binding upon the Company and the Guarantor in accordance with its terms.

ARTICLE X

Guarantee

          SECTION 10.01. Guarantee.

          The Guarantor, hereby unconditionally guarantees to the Holders from time to time of the
Securities (a) the full and prompt payment of the principal of and any premium on any Security when
and as the same shall become due, whether at the Stated Maturity thereof, by acceleration,
redemption or otherwise, and (b) the full and prompt payment of any interest on and any Additional
Amounts with respect to any Security when and as the same shall become due, subject in each case to
any applicable grace

 

56

period. Each payment by the Guarantor with respect to any Security shall be paid in the
currency or currencies specified for payments on such Security as contemplated by Section 2.01 and
pursuant to this Indenture. The Guarantee hereunder constitutes a guarantee of payment and not of
collection.

          The obligations of the Guarantor hereunder with respect to a series of Securities shall be
absolute and unconditional and, subject to Article VIII, shall remain in full force and effect
until the entire principal of, premium (if any) and interest on and any Additional Amounts with
respect to the Securities of such series shall have been paid or provided for in accordance with
the provisions of such series and of this Indenture, irrespective of the validity, regularity or
enforceability of any Security of such series or this Indenture, any change or amendment thereto,
the absence of any action to enforce the same, any waiver or consent by the Trustee or the Holder
of any Security of such series with respect to any provision of such Security or this Indenture,
the recovery of any judgment against the Company or any action to enforce the same, or any other
circumstances that may otherwise constitute a legal or equitable discharge or defense of a
guarantor. The Guarantor hereby waives presentment or demand of payment or notice to the Guarantor
with respect to such Security and the obligations evidenced thereby or hereby. The Guarantor
further waives any right of set-off or counterclaim it may have against any Holder of a Security
arising from any other obligations any such Holder may have to the Company or the Guarantor.

          It is the intention of the Guarantor that the Guarantee not constitute a fraudulent transfer
or conveyance for purposes of any Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar federal, state or other law to the extent applicable
to the Guarantee. To effectuate the foregoing intention, the obligations of the Guarantor hereunder
shall be limited to the maximum amount as will, after giving effect to such maximum amount and all
other contingent and fixed liabilities of the Guarantor (other than guarantees of the Guarantor in
respect of subordinated debt) that are relevant under such laws, result in the obligations of the
Guarantor hereunder not constituting a fraudulent transfer or conveyance.

          SECTION 10.02. Proceedings Against Guarantor.

          In the event of a default in the payment of principal of or any premium on any Security when
and as the same shall become due, whether at the Stated Maturity thereof, by acceleration, call for
redemption or otherwise, or in the event of a default in any sinking fund payment, or in the event
of a default in the payment of any interest on or any Additional Amounts with respect to any
Security when and as the same shall become due, each of the Trustee and the Holder of such Security
shall have the right to proceed first and directly against the Guarantor under this Indenture
without first proceeding against the Company or exhausting any other remedies which the Trustee or
such Holder may have and without resorting to any other security held by it.

          The Trustee shall have the right, power and authority to do all things it deems necessary or
advisable to enforce the provisions of this Indenture relating to the Guarantee and to protect the
interests of the Holders of the Securities and, in the event of

 

57

a default in payment of the principal of or any premium on any Security when and as the same
shall become due, whether at the Stated Maturity thereof, by acceleration, call for redemption or
otherwise, or in the event of a default in the payment of any interest on or any Additional Amounts
with respect to any Security when and as the same shall become due, the Trustee may institute or
appear in such appropriate judicial proceedings as the Trustee shall deem most effectual to protect
and enforce any of its rights and the rights of the Holders, whether for the specific enforcement
of any covenant or agreement in this Indenture relating to the Guarantee or in aid of the exercise
of any power granted herein, or to enforce any other proper remedy. Without limiting the generality
of the foregoing, in the event of a default in payment of the principal of, premium (if any) and
interest on or any Additional Amounts with respect to any Security when due, the Trustee may
institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute
such proceeding to judgment or final decree, and may enforce the same against the Guarantor and
collect the moneys adjudged or decreed to be payable in the manner provided by law out of the
property of the Guarantor, wherever situated.

          SECTION 10.03. Subrogation.

          The Guarantor shall be subrogated to all rights against the Company of any Holder of
Securities of a series in respect of any amounts paid by the Guarantor pursuant to the provisions
of the Guarantee; provided, however, that the Guarantor shall be entitled to enforce, or to receive
any payments arising out of or based upon, such right of subrogation only after the principal of,
premium (if any) and interest on and any Additional Amounts with respect to all Securities of such
series have been paid in full.

          SECTION 10.04. Guarantee for Benefit of Holders.

          The Guarantee contained in this Indenture is entered into by the Guarantor for the benefit of
the Holders from time to time of the Securities. Such provisions shall not be deemed to create any
right in, or to be in whole or in part for the benefit of, any Person other than the Trustee, the
Guarantor, the Holders from time to time of the Securities and their permitted successors and
assigns.

ARTICLE XI

Subordination of Securities

          SECTION 11.01. Trust Indenture Act Controls.

          If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by
operation of TIA Section 318(c), the imposed duties shall control.

          SECTION 11.02. Securities Subordinated to Senior Debt. 

          The Company, the Guarantor and each Holder of a Security of a series, by his acceptance
thereof, agree that (a) the payment of the principal of, premium (if any) and interest on and any
Additional Amounts with respect to each and all the Securities of such series and (b) any other
payment in respect of the Securities of such series, including

 

58

on account of the acquisition or redemption of Securities of such series by the Company, is
subordinated, to the extent and in the manner provided in this Article XI, to the prior payment in
full of all Senior Debt of the Company and the Guarantor, whether outstanding at the date of this
Indenture or thereafter created, incurred, assumed or guaranteed, and that these subordination
provisions are for the benefit of the holders of Senior Debt.

          This Article XI shall constitute a continuing offer to all Persons who, in reliance upon such
provisions, become holders of, or continue to hold, Senior Debt, and such provisions are made for
the benefit of the holders of Senior Debt, and such holders are made obligees hereunder and any one
or more of them may enforce such provisions.

          SECTION 11.03. No Payment on Securities in Certain Circumstances. 

          Unless otherwise provided with respect to the Securities of a series as contemplated by
Section 2.01, no payment shall be made by or on behalf of the Company or the Guarantor on account
of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the
Securities of any series or to acquire any Securities of such series (including any repurchases of
Securities of such series pursuant to the provisions thereof at the option of the Holder thereof)
for cash or property, or on account of any redemption provisions of Securities of such series, in
the event of default in payment of any principal of, premium (if any) or interest on any Senior
Debt of the Company when the same becomes due and payable, whether at maturity or at a date fixed
for prepayment or by acceleration of maturity or otherwise (a “Payment Default”), unless
and until such Payment Default has been cured or waived or otherwise has ceased to exist or such
Senior Debt shall have been discharged or paid in full.

          In furtherance of the provisions of Section 11.02, in the event that, notwithstanding the
foregoing provisions of this Section 11.03, any payment or distribution of assets of the Company or
the Guarantor shall be received by the Trustee, the Paying Agent or the Holders of Securities of
any series at a time when such payment or distribution was prohibited by the provisions of this
Section 11.03, then, unless such payment or distribution is no longer prohibited by this Section
11.03, such payment or distribution (subject to the provisions of Section 11.08) shall be received
and held in trust by the Trustee, the Paying Agent or such Holder for the benefit of the holders of
Senior Debt of the Company or the Guarantor, and shall be paid or delivered by the Trustee, the
Paying Agent or such Holders, as the case may be, to the holders of Senior Debt of the Company or
the Guarantor remaining unpaid or unprovided for or their representative or representatives, or to
the trustee or trustees under any indenture pursuant to which any instruments evidencing such
Senior Debt of the Company or the Guarantor may have been issued, ratably, according to the
aggregate amounts remaining unpaid on account of such Senior Debt of the Company or the Guarantor
held or represented by each, for application to the payment of all Senior Debt in full after giving
effect to all concurrent payments and distributions to or for the holders of such Senior Debt.

 

59

          SECTION 11.04. Securities Subordinated to Prior Payment of All Senior Debt on Dissolution,
Liquidation or Reorganization. 

          Upon any distribution of assets of the Company or the Guarantor or upon any dissolution,
winding up, total or partial liquidation or reorganization of the Company or the Guarantor, whether
voluntary or involuntary, in bankruptcy, insolvency, receivership or similar proceeding or upon
assignment for the benefit of creditors:

          (a) the holders of all Senior Debt of the Company and the Guarantor shall first be entitled to
receive payments in full before the Holders of Securities of any series are entitled to receive any
payment on account of the principal of, premium (if any) or interest on or any Additional Amounts
with respect to Securities of such series;

          (b) any payment or distribution of assets of the Company or the Guarantor of any kind or
character, whether in cash, property or securities, to which the Holders of Securities of any
series or the Trustee on behalf of such Holders would be entitled, except for the provisions of
this Article XI, shall be paid by the liquidating trustee or agent or other Person making such a
payment or distribution directly to the holders of such Senior Debt or their representative,
ratably according to the respective amounts of Senior Debt held or represented by each, to the
extent necessary to make payment in full of all such Senior Debt remaining unpaid after giving
effect to all concurrent payments and distributions to the holders of such Senior Debt; and

          (c) in the event that, notwithstanding the foregoing, any payment or distribution of assets of
the Company or the Guarantor of any kind or character, whether in cash, property or securities,
shall be received by the Trustee or the Holders of Securities of any series or any Paying Agent
(or, if the Company or any Subsidiary is acting as the Paying Agent, money for any such payment or
distribution shall be segregated or held in trust) on account of the principal of, premium (if any)
or interest on or any Additional Amounts with respect to the Securities of such series before all
Senior Debt of the Company or the Guarantor is paid in full, such payment or distribution (subject
to the provisions of Section 11.08) shall be received and held in trust by the Trustee or such
Holder or Paying Agent for the benefit of the holders of such Senior Debt, or their respective
representatives, ratably according to the respective amounts of such Senior Debt held or
represented by each, to the extent necessary to make payment as provided herein of all such Senior
Debt remaining unpaid after giving effect to all concurrent payments and distributions and all
provisions therefor to or for the holders of such Senior Debt, but only to the extent that as to
any holder of such Senior Debt, as promptly as practical following notice from the Trustee to the
holders of such Senior Debt that such prohibited payment has been received by the Trustee,
Holder(s) or Paying Agent (or has been segregated as provided above), such holder (or a
representative therefor) notifies the Trustee of the amounts then due and owing on such Senior
Debt, if any, held by such holder and only the amounts specified in such notices to the Trustee
shall be paid to the holders of such Senior Debt.

 

60

          SECTION 11.05. Subrogation to Rights of Holders of Senior Debt. 

          Subject to the payment in full of all Senior Debt of the Company and the Guarantor as provided
herein, the Holders of the Securities of any series shall be subrogated (to the extent of the
payments or distributions made to the holders of such Senior Debt pursuant to the provisions of
this Article XI) to the rights of the holders of such Senior Debt to receive payments or
distributions of assets of the Company or the Guarantor applicable to the Senior Debt until all
amounts owing on the Securities of such series shall be paid in full. For the purpose of such
subrogation, no such payments or distributions to the holders of such Senior Debt by the Company or
the Guarantor, or by or on behalf of the Holders of the Securities of such series by virtue of this
Article XI, which otherwise would have been made to such Holders shall, as between the Company and
such Holders, be deemed to be payment by the Company or the Guarantor or on account of such Senior
Debt, it being understood that the provisions of this Article XI are and are intended solely for
the purpose of defining the relative rights of the Holders of the Securities of a series, on the
one hand, and the holders of such Senior Debt, on the other hand.

          If any payment or distribution to which the Holders of the Securities would otherwise have
been entitled but for the provisions of this Article XI shall have been applied, pursuant to the
provisions of this Article XI, to the payment of amounts payable under Senior Debt of the Company
or the Guarantor, then such Holders shall be entitled to receive from the holders of such Senior
Debt any payments or distributions received by such holders of Senior Debt in excess of the amount
sufficient to pay all amounts payable under or in respect of such Senior Debt in full.

          SECTION 11.06. Obligations of the Company and the Guarantor Unconditional. 

          Nothing contained in this Article XI or elsewhere in this Indenture or in the Securities is
intended to or shall impair, as between the Company, the Guarantor and the Holders of the
Securities of any series, the obligation of the Company or the Guarantor, which is absolute and
unconditional, to pay to such Holders the principal of, premium (if any) and interest on and any
Additional Amounts with respect to the Securities of such series as and when the same shall become
due and payable in accordance with their terms, or is intended to or shall affect the relative
rights of such Holders and creditors of the Company and the Guarantor other than the holders of the
Senior Debt, nor shall anything herein or therein prevent the Trustee or any Holder from exercising
all remedies otherwise permitted by applicable law upon default under this Indenture, subject to
the rights, if any, under this Article XI, of the holders of Senior Debt in respect of cash,
property or securities of the Company or the Guarantor received upon the exercise of any such
remedy. Notwithstanding anything to the contrary in this Article XI or elsewhere in this Indenture
or in the Securities, upon any distribution of assets of the Company or the Guarantor referred to
in this Article XI, the Trustee, subject to the provisions of Sections 7.01 and 7.02, and the
Holders of the Securities shall be entitled to rely upon any order or decree made by any court of
competent jurisdiction in which such dissolution, winding up, liquidation or reorganization
proceedings are pending, or a

 

61

certificate of the liquidating trustee or agent or other Person making any distribution to the
Trustee or to such Holders for the purpose of ascertaining the Persons entitled to participate in
such distribution, the holders of the Senior Debt and other Debt of the Company and the Guarantor,
the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all
other facts pertinent thereto or to this Article XI so long as such court has been apprised of the
provisions of, or the order, decree or certificate makes reference to, the provisions of this
Article XI.

          SECTION 11.07. Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice.

          The Trustee shall not at any time be charged with knowledge of the existence of any facts that
would prohibit the making of any payment to or by the Trustee unless and until a Responsible
Officer of the Trustee or any Paying Agent shall have received, no later than two Business Days
prior to such payment, written notice thereof from the Company or the Guarantor or from one or more
holders of Senior Debt or from any representative thereof and, prior to the receipt of any such
written notice, the Trustee, subject to the provisions of Sections 7.01 and 7.02, shall be entitled
in all respects conclusively to assume that no such fact exists.

          SECTION 11.08. Application by Trustee of Amounts Deposited with it. 

          Amounts deposited in trust with the Trustee pursuant to and in accordance with Article VIII
shall be for the sole benefit of Holders of Securities of the series for the benefit of which such
amounts were deposited, and, to the extent allocated for the payment of Securities of such series,
shall not be subject to the subordination provisions of this Article XI. Otherwise, any deposit of
assets with the Trustee or the Paying Agent (whether or not in trust) for the payment of principal
of, premium (if any) or interest on or any Additional Amounts with respect to any Securities of any
series shall be subject to the provisions of Sections 11.02, 11.03, 11.04 and 11.05; provided that
if prior to two Business Days preceding the date on which by the terms of this Indenture any such
assets may become distributable for any purpose (including, without limitation, the payment of
either principal of, premium (if any) or interest on or any Additional Amounts with respect to any
Security), a Responsible Officer of the Trustee or such Paying Agent shall not have received with
respect to such assets the written notice provided for in Section 11.07, then the Trustee or such
Paying Agent shall have full power and authority to receive such assets and to apply the same to
the purpose for which they were received, and shall not be affected by any notice to the contrary
that may be received by it on or after such date; and provided further that nothing contained in
this Article XI shall prevent the Company or the Guarantor from making, or the Trustee from
receiving or applying, any payment in connection with the redemption of Securities of a series if
the first publication of notice of such redemption (whether by mail or otherwise in accordance with
this Indenture) has been made, and the Trustee has received such payment from the Company or the
Guarantor, prior to the occurrence of any of the contingencies specified in Section 11.03 or 11.04.

 

62

          SECTION 11.09. Subordination Rights Not Impaired by Acts or Omissions of the Company, the
Guarantor or Holders of Senior Debt. 

          No right of any present or future holders of any Senior Debt to enforce subordination
provisions contained in this Article XI shall at any time in any way be prejudiced or impaired by
any act or failure to act on the part of the Company or the Guarantor or by any act or failure to
act, in good faith, by any such holder, or by any noncompliance by the Company or the Guarantor
with the terms of this Indenture, regardless of any knowledge thereof that any such holder may have
or be otherwise charged with. The holders of Senior Debt may extend, renew, modify or amend the
terms of the Senior Debt or any security therefor and release, sell or exchange such security and
otherwise deal freely with the Company and the Guarantor, all without affecting the liabilities and
obligations of the parties to this Indenture or the Holders of the Securities of any series.

          SECTION 11.10. Trustee to Effectuate Subordination of Securities. 

          Each Holder of a Security of any series by his acceptance thereof authorizes and expressly
directs the Trustee on his behalf to take such action as may be necessary or appropriate to
effectuate the subordination provisions contained in this Article XI and to protect the rights of
the Holders of the Securities of such series pursuant to this Indenture, and appoints the Trustee
his attorney-in-fact for such purpose, including, in the event of any dissolution, winding up,
liquidation or reorganization of the Company or the Guarantor (whether in bankruptcy, insolvency or
receivership proceedings or upon an assignment for the benefit of creditors of the Company or the
Guarantor), the filing of a claim for the unpaid balance of his Securities in the form required in
said proceedings and cause said claim to be approved. If the Trustee does not file a proper claim
or proof of debt in the form required in such proceeding prior to 30 days before the expiration of
the time to file such claim or claims, then the holders of the Senior Debt or their representative
is hereby authorized to have the right to file and is hereby authorized to file an appropriate
claim for and on behalf of the Holders of Securities of such series. Nothing contained herein shall
be deemed to authorize the Trustee or the holders of Senior Debt or their representative to
authorize or consent to or accept or adopt on behalf of any Holder of Securities of any series any
plan of reorganization, arrangement, adjustment or composition affecting the Securities of such
series or the rights of any Holder thereof, or to authorize the Trustee or the holders of Senior
Debt or their representative to vote in respect of the claim of any Holder of the Securities of
such series in any such proceeding.

          SECTION 11.11. Right of Trustee to Hold Senior Debt. 

          The Trustee in its individual capacity shall be entitled to all of the rights set forth in
this Article XI in respect of any Senior Debt at any time held by it to the same extent as any
other holder of Senior Debt, and nothing in this Indenture shall be construed to deprive the
Trustee of any of its rights as such holder.

 

63

          SECTION 11.12. Article XI Not to Prevent Events of Default. 

          The failure to make a payment on account of principal of or premium (if any) or interest or
Additional Amounts on the Securities of any series by reason of any provision of this Article XI
shall not be construed as preventing the occurrence of a Default or an Event of Default under
Section 6.01 with respect to Securities of such series or in any way prevent the Holders of the
Securities of such series from exercising any right hereunder other than the right to receive
payment on the Securities of such series.

          SECTION 11.13. No Fiduciary Duty of Trustee to Holders of Senior Debt. 

          The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt, and
shall not be liable to any such holders (other than for its willful misconduct or negligence) if it
shall in good faith mistakenly pay over or distribute to the Holders of the Securities of any
series or the Company, the Guarantor or any other Person, cash, property or securities to which any
holders of Senior Debt shall be entitled by virtue of this Article XI or otherwise. Nothing in this
Section 11.13 shall affect the obligation of any other such Person to hold such payment for the
benefit of, and to pay such payment over to, the holders of Senior Debt or their representative.

          SECTION 11.14. Article Applicable to Paying Agent. 

          In case at any time any Paying Agent other than the Trustee shall have been appointed by the
Company and be then acting hereunder, the term “Trustee” as used in this Article XI shall in such
case (unless the context shall otherwise require) be construed as extending to and including such
Paying Agent within its meaning as fully for all intents and purposes as if such Paying Agent were
named in this Article XI in addition to or in place of the Trustee; provided, however, that this
Section 11.14 shall not apply to the Company, the Guarantor or any Subsidiary if the Company or
such Subsidiary acts as Paying Agent.

ARTICLE XII

Miscellaneous

          SECTION 12.01. Trust Indenture Act Controls.

          If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by
operation of TIA Section 318(c), the imposed duties shall control.

          SECTION 12.02. Notices.

          Any notice or communication by the Company, the Guarantor or the Trustee to the others is duly
given if in writing and delivered in person or mailed by first-class mail (registered or certified,
return receipt requested), telex, facsimile or overnight air courier guaranteeing next day
delivery, to the other’s address:

 

64

	 	 	 
	 

	 	If to the Company or the Guarantor:
	 
	 	 
	 

	 	Carel van Bylandtlaan 30
	 

	 	2596 HR The Hague
	 

	 	The Netherlands
	 

	 	Telephone: 011 31 70 377 9111
	 

	 	Attention (for Company): LSC
	 

	 	Facsimile (for Company): 011 31 70 377 3953
	 

	 	Attention (for Guarantor): Company Secretary
	 

	 	Facsimile (for Guarantor): 011 31 70 377 3687
	 
	 	 
	 

	 	with a copy to:
	 
	 	 
	 

	 	Shell Centre
	 

	 	London SE1 7NA
	 

	 	Attention: Head of Financial Markets (SI-FTF)
	 

	 	Telephone: +44 207 934 1234
	 

	 	Facsimile: +44 207 934 7770
	 
	 	 
	 

	 	If to the Trustee:
	 
	 	 
	 

	 	Deutsche Bank Trust Company Americas
	 

	 	Global Transaction Banking
	 

	 	60 Wall Street, 27th floor
	 

	 	New York, New York 10005
	 

	 	Attn: Mr. Boris Treyger, Trust and Securities Services
	 

	 	Telephone: (1 212) 250-2157
	 

	 	Facsimile: (1 212) 797-8622

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

          All notices and communications shall be deemed to have been duly given: at the time delivered
by hand, if personally delivered; five Business Days after being deposited in the mail, postage
prepaid, if mailed; when answered back, if telexed; when receipt acknowledged, if by facsimile; and
the next Business Day after timely delivery to the courier, if sent by overnight air courier
guaranteeing next day delivery.

          Any notice or communication to a Holder shall be mailed by first-class mail, postage prepaid,
to the Holder’s address shown on the register kept by the Registrar. Failure to mail a notice or
communication to a Holder or any defect in it shall not affect its sufficiency with respect to
other Holders.

          If a notice or communication is mailed in the manner provided above within the time
prescribed, it is duly given, whether or not the addressee receives it, except in the case of
notice to the Trustee, it is duly given only when received.

 

65

          If the Company or a Guarantor mails a notice or communication to Holders, it shall mail a copy
to the others and to the Trustee and each Agent at the same time.

          All notices or communications, including without limitation notices to the Trustee, the
Company or a Guarantor by Holders, shall be in writing, except as otherwise set forth herein.

          In case by reason of the suspension of regular mail service, or by reason of any other cause,
it shall be impossible to mail any notice required by this Indenture, then such method of
notification as shall be made with the approval of the Trustee shall constitute a sufficient
mailing of such notice.

          SECTION 12.03. Communication by Holders with Other Holders.

          Holders may communicate pursuant to TIA Section 312(b) with other Holders with respect to
their rights under this Indenture or the Securities. The Company, the Guarantor, the Trustee, the
Registrar and anyone else shall have the protection of TIA Section 312(c).

          SECTION 12.04. Certificate and Opinions.

          Upon any request or application by the Company or the Guarantor to the Trustee to take any
action under this Indenture, the Company or the Guarantor, as the case may be, shall, if required
pursuant to TIA Section 314(c), furnish to the Trustee at the expense of the Company or the
Guarantor, as the case may be:

               (1) an Officer’s Certificate (which shall include the statements set forth in Section
12.05) stating that, in the opinion of the signers, all conditions precedent and covenants,
if any, provided for in this Indenture relating to the proposed action have been complied
with; and

               (2) an Opinion of Counsel (which shall include the statements set forth in Section
12.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent
and covenants have been complied with except that in the case of any such application or
request as to which the furnishing of such documents is specifically required by any other
provision of this Indenture relating to such particular application or request, no
additional certificate or opinion need be furnished.

          In any case where several matters are required to be certified by, or covered by an opinion
of, any specified Person, it is not necessary that all such matters be certified by, or covered by
the opinion of, only one such Person, or that they be so certified or covered by only one document,
but one such Person may certify or give an opinion with respect to some matters and one or more
other such Persons as to other matters, and any such Person may certify or give an opinion as to
such matters in one or several documents.

 

66

          Any certificate or opinion of an officer of the Company or the Guarantor may be based, insofar
as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel,
unless such officer knows, or in the exercise of reasonable care should know, that the certificate
or opinion or representations with respect to the matters upon which his certificate or opinion is
based are erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it
relates to factual matters, upon a certificate or opinion of, or representations by, an officer or
officers of the Company or the Guarantor, as the case may be, stating that the information with
respect to such factual matters is in the possession of the Company or the Guarantor, as the case
may be, unless such counsel knows, or in the exercise of reasonable care should know, that the
certificate or opinion or representations with respect to such matters are erroneous.

          Where any Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this Indenture, they may,
but need not, be consolidated and form one instrument.

          SECTION 12.05. Statements Required in Certificate or Opinion.

          Each certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture (other than a certificate provided pursuant to TIA Section 314(a)(4)) shall
comply with the provisions of TIA Section 314(e) and shall include:

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

          (2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based;

          (3) a statement that, in the opinion of such Person, he or she has made such
examination or investigation as is necessary to enable him or her to express an informed
opinion as to whether or not such covenant or condition has been complied with; and

          (4) a statement as to whether or not, in the opinion of such Person, such condition or
covenant has been complied with.

          SECTION 12.06. Rules by Trustee and Agents.

          The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar
or the Paying Agent may make reasonable rules and set reasonable requirements for its functions.

          SECTION 12.07. No Recourse Against Others.

          A director, officer, employee, stockholder, partner or other owner of the Company, the
Guarantor or the Trustee, as such, shall not have any liability for any

 

67

obligations of the Company under the Securities, for any obligations of any Guarantor under
the Guarantee, or for any obligations of the Company, the Guarantor or the Trustee under this
Indenture or for any claim based on, in respect of or by reason of such obligations or their
creation. Each Holder by accepting a Security waives and releases all such liability. The waiver
and release shall be part of the consideration for the issue of Securities.

          SECTION 12.08. Governing Law.

          THIS INDENTURE, THE SECURITIES AND THE GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES
OF CONFLICTS OF LAWS TO THE EXTENT THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

          SECTION 12.09. No Adverse Interpretation of Other Agreements.

          This Indenture may not be used to interpret another indenture, loan or debt agreement of the
Company, the Guarantor or any Subsidiary. Any such indenture, loan or debt agreement may not be
used to interpret this Indenture.

          SECTION 12.10. Waiver of Jury Trial.

          The Company, the Guarantor, the Trustee and each Holder irrevocably agree to waive trial by
jury in any action, proceeding, claim or counterclaim brought by or on behalf of any party related
to or arising out of this Indenture, the Securities and the Guarantee.

          SECTION 12.11. Successors.

          All agreements of the Company and the Guarantor in this Indenture and the Securities shall
bind its successors. All agreements of the Trustee in this Indenture shall bind its successors.

          SECTION 12.12. Severability.

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

          SECTION 12.13. Counterpart Originals.

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

 

68

          SECTION 12.14. Table of Contents, Headings, etc.

          The table of contents, cross-reference table and headings of the Articles and Sections of this
Indenture have been inserted for convenience of reference only, are not to be considered a part
hereof and shall in no way modify or restrict any of the terms or provisions hereof.

 

69

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

	 	 	 	 	 	 	 
	 	 	SHELL FINANCE INTERNATIONAL B.V., AS ISSUER
	 
	 	 	 	 	 	 
	 

	 	          by	 	 	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 

	 	          by	 	 	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	ROYAL DUTCH SHELL PLC, AS GUARANTOR
	 
	 	 	 	 	 	 
	 

	 	          by	 	 	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	DEUTSCHE BANK TRUST COMPANY AMERICAS, AS TRUSTEE
	 
	 	 	 	 	 	 
	 

	 	          byEX-4.5

 

Exhibit 4.5

[Form of Face of Global Security]

     THIS SECURITY IS IN GLOBAL FORM WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), OR A
NOMINEE OF DTC, WHICH MAY BE TREATED BY THE COMPANY, THE GUARANTOR, THE TRUSTEE AND ANY AGENT
THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES.

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

     UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM IN THE
LIMITED CIRCUMSTANCES REFERRED TO IN THE INDENTURE, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY (I) DTC TO A NOMINEE OF DTC OR (II) A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE
OF DTC OR (III) DTC OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITARY.

     [Insert any legend required by the Internal Revenue Code and the regulations thereunder.]

 

 

ROYAL DUTCH SHELL PLC

[Title of Security]

Payment of Principal[, Premium, if any,] and Interest

			
	No.                    
	 	CUSIP NO.                     

     ROYAL DUTCH SHELL PLC, a public company limited by shares existing under the laws of England
and Wales (herein called the “Issuer”, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered
assigns, the principal sum of                                         on                                          to the person in
whose name this Note is registered at the close of business 15 calendar day preceding such
                                         [if the Security is to bear interest prior to Maturity, insert —, and to
pay interest thereon from                     , 20___ or from the most recent Interest Payment Date to
which interest has been paid or duly provided for, semi-annually in arrears on                      and
                     in each year] [annually in arrears on                      in each year], commencing
                    , 20___, at the rate of ___% per annum, until the principal hereof is paid or made
available for payment [if applicable, insert —, provided that any principal and premium, and any
such installment of interest, which is overdue shall bear interest at the rate of ___% per annum (to
the extent that the payment of such interest shall be legally enforceable), from the dates such
amounts are due until they are paid or made available for payment, and such interest shall be
payable on demand].] [If the Security is not to bear interest prior to Maturity, insert — The
principal of this Security shall not bear interest except in the case of a default in payment of
principal upon acceleration, upon redemption or at Stated Maturity, and in such case the overdue
principal and any overdue premium shall bear interest at the rate of ___% per annum (to the extent
that the payment of such interest shall be legally enforceable), from the date such amounts are due
until they are paid or made available for payment. Interest on any overdue principal shall be
payable on demand. Any such interest on any overdue principal or premium which is not so paid on
demand shall bear interest at the rate of ___% per annum (to the extent that the payment of such
interest on interest shall be legally enforceable), from the date of such demand until the amount
so demanded is paid or made available for payment. Interest on overdue interest shall be payable
on demand.] [The Trustee shall act as Paying Agent with respect to the Securities of this series.]

     The Issuer, the Trustee and any agent of the Issuer, or the Trustee may treat the bearer
hereof as the owner of this Security for all purposes, whether or not this Security shall be
overdue, and none of the Issuer, the Trustee nor any such agent shall be affected by notice to the
contrary.

     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.

2

 

     All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

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

     IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed manually or in
facsimile.

Dated:

	 	 	 	 	 
	 	 	
ROYAL DUTCH SHELL PLC,
	 
	 	 	 	 
	 

	 	by	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:
	 
	 	 	 	 
	 

	 	by	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:

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

DEUTSCHE BANK TRUST COMPANY

AMERICAS, as Trustee

By:

                                                            

Name:

Title:

3

 

[Form of Reverse of Global Security]

     This Security is one of a duly authorized issue of securities of the Issuer (herein called the
“Securities”), issued and to be issued in one or more series under an Indenture, dated as of
[•], herein called the “Indenture” which term shall have the meaning assigned to it in such
instrument), among the Issuer and Deutsche Bank Trust Company Americas, as Trustee (herein called
the “Trustee”, which term includes any other successor trustee under the Indenture), and reference
is hereby made to the Indenture for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Issuer, the Trustee and the Holders of the Securities and
of the terms upon which the Securities are, and are to be, authenticated and delivered. This
Security is one of the series designated on the face hereof [, limited in aggregate principal
amount to U.S.$                    ].

     [If applicable, insert — The Securities of this series are subject to redemption at any time
[if applicable, insert — on or after                     , 20___], as a whole or in part, at the election
of the Issuer, at the following Redemption Prices (expressed as percentages of the principal
amount): If redeemed [if applicable, insert — on or before                     , ___%, and if redeemed]
during the 12-month period beginning                      of the years indicated,

	 	 	 	 	 	 	 
	 	 	Redemption	 	 	 	Redemption
	Year	 	Price	 	Year	 	Price
	 

	 	 
	 	 
	 	 

and thereafter at a Redemption Price equal to _____% of the principal amount, together in the case
of any such redemption with accrued interest to the Redemption Date, but interest installments
whose Stated Maturity is on or prior to such Redemption Date will be payable only upon presentation
and surrender of this Security (at an office or agency located outside the United States, except as
herein provided otherwise).]

     [Insert any limitations, conditions or other provisions relating to redemption.]

     The Indenture in Section 3.12 contains provisions for the optional redemption due to changes
in tax treatment [at a Redemption Price equal to the principal amount thereof].

     [If applicable, insert — The Redemption Price of the Securities shall be equal to the
applicable percentage of the principal amount at Stated Maturity set forth below:

4

 

	 	 	 
	 If Redemption During the	 	Redemption
	12-Month Period Commencing	 	Price
	 

	 	 

together with, in each case (except if the Redemption Date shall be a                     ), an amount
equal to the applicable Redemption Price multiplied by a fraction the numerator of which is the
number of days from but not including the preceding                      to and including the
Redemption Date multiplied by the difference between the Redemption Price applicable during the 12
months beginning on the                                          following the Redemption Date (or, in the case of a
Redemption Date after                                         , 100%) and the Redemption Price applicable on the Redemption
Date and the denominator of which is the total number of days from but not including the
                     preceding the Redemption Date to and including the next succeeding                     .
The Issuer will also pay to each eligible Holder, or make available for payment to each such
Holder, on the Redemption Date any additional interest (as set forth on the face hereof) resulting
from the payment of such Redemption Price.]

     [If applicable, insert — The Redemption Price of the Securities either in the event of
certain changes in the tax treatment or in an event of default would include, in addition to the
face amount of the Security, an amount equal to the Original Issue Discount accrued since the issue
date. Original Issue Discount (the difference between the Issue Price and the Principal Amount at
Maturity of the Security), in the period during which a Security remains outstanding, shall accrue
at ___% per annum, on a semi-annual bond equivalent basis using a 360-day year composed of twelve
30-day months, commencing on the Issue Date of this Security.]

     Notice of redemption will be given by mail to Holders of Securities, not less than [15] nor
more than 60 days prior to the date fixed for redemption.

     [If applicable, insert — The Indenture contains provisions for the selection of securities to
be redeemed, which provisions apply to this Security.]

     [If applicable, insert — In the event of redemption of this Security in part only, a new
Security of this series and of like tenor for the unredeemed portion hereof will be issued to the
Holder hereof upon the cancellation hereof.]

     The Indenture contains provisions for defeasance at any time of the entire indebtedness on
this Security upon compliance by the Issuer [or the Guarantor] with certain conditions set forth
thereon, which provisions apply to this Security.

     [If applicable, insert — Subject to and upon compliance with the provisions of the Indenture,
the Holder of this Security is entitled, at his option, at any time after                     , to
convert this Security into [Describe securities and conversion mechanics].]

5

 

     [If applicable, insert — In the event of conversion of this Security in part only, a new
Security or Securities of this series and of like tenor for the unconverted portion hereof will be
issued to the Holder upon the cancellation hereof.]

     [If the Security is not an Original Issue Discount Security, insert — 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 due and payable in the manner and with the effect
provided in the Indenture.]

     [If the Security is an Original Issue Discount Security, insert — If an Event of Default with
respect to Securities of this series shall occur and be continuing, an amount of principal of the
Securities of this series may be declared due and payable in the manner and with the effect
provided in the Indenture. Such amount shall be equal to — insert formula for determining the
amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of
interest on any overdue principal, premium and interest (in each case to the extent that the
payment of such interest shall be legally enforceable), all of the Issuer’s obligations in respect
of the payment of the principal of and interest, if any, on the Securities of this series shall
terminate.]

     [If applicable, insert — The Indenture contains provisions for Additional Amounts, which
provisions apply to this Security.]

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Issuer and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Issuer and the
Trustee with the consent of the Holders of a majority in principal amount of the Securities at the
time outstanding of each series to be affected. The Indenture also contains provisions permitting
the Holders of a majority in principal amount of the then outstanding Securities of one or more
series or of all series under the indenture waive compliance by the Issuer with certain provisions
of the Indenture and certain past defaults under the Indenture and their consequences with respect
to Securities of such series. 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 herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Security.

     As set forth in, and subject to, the provisions of the Indenture, no Holder of any Security of
this series will have any right to institute any proceeding with respect to the Indenture, this
Security or for any remedy thereunder, unless such Holder shall have previously given to the
Trustee written notice of a continuing Event of Default with respect to the Securities of this
series, the Holders of not less than 25% in principal amount of the Outstanding Securities of this
series shall have made written request, and offered reasonable indemnity, to the Trustee to
institute such proceeding as trustee, and the Trustee shall not have received from the Holders of a
majority in principal of the Outstanding Securities of this series a direction inconsistent with
such request and shall have failed to institute such proceeding within 60 days; provided, however,
that such limitations do not apply to a suit instituted by the Holder hereof for the enforcement of

6

 

payment of the principal [(and premium, if any)] or [any] interest on this Security on or
after the respective due dates expressed herein. [If applicable, insert — or to a suit instituted
by the Holder hereof for the enforcement of the right to convert this Security in accordance with
the Indenture.]

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

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

     The Indenture and the Securities shall be governed by and construed in accordance with the
laws of the State of New York.

     All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

7

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