Document:

EX-4.1

 

Exhibit 4.1

 

THE DUN & BRADSTREET CORPORATION

SENIOR DEBT SECURITIES

 

INDENTURE

Dated as of March 14, 2006

 

The Bank of New York,

as Trustee

 

 

 

CROSS REFERENCE TABLE*

	 	 	 
	TIA Section	 	Indenture Section
	310(a)(1)
	 	708; 710
	(a)(2)
	 	710
	(a)(3)
	 	N.A.
	(a)(4)
	 	N.A.
	(a)(5)
	 	710
	(b)
	 	708; 710
	(c)
	 	N.A.
	 
	 	 
	311(a)
	 	711
	(b)
	 	711
	(c)
	 	N.A.
	 
	 	 
	312(a)
	 	207
	(b)
	 	1203
	(c)
	 	1203
	 
	 	 
	313(a)
	 	706
	(b)
	 	706
	(c)
	 	706; 1202
	(d)
	 	706
	 
	 	 
	314(a)
	 	402; 1202
	(b)
	 	N.A.
	(c)(1)
	 	1204
	(c)(2)
	 	1204
	(c)(3)
	 	N.A.
	(d)
	 	N.A.
	(e)
	 	1205
	(f)
	 	403
	 
	 	 
	315(a)
	 	701
	(b)
	 	705; 1202
	(c)
	 	701
	(d)
	 	701
	(e)
	 	611
	 
	 	 
	316(a)(1)(A)
	 	605
	(a)(1)(B)
	 	604
	(a)(2)
	 	N.A.
	(b)
	 	607
	(c)
	 	N.A.
	 
	 	 
	317(a)(1)
	 	608
	(a)(2)
	 	609
	(b)
	 	206
	 
	 	 
	318
	 	1201

 

			
	*NOTE:	 	This Cross Reference Table shall not, for any
purpose, be deemed part of the Indenture.

 

 

TABLE OF CONTENTS*

	 	 	 	 	 
	 	 	Page	 
	Recitals of the Company

	 
	 	 	 	 
	Recitals of the Company
	 	 	1	 
	 
	 	 	 	 
	ARTICLE ONE

	Definitions and Incorporation by Reference

	 
	 	 	 	 
	SECTION 101. Definitions
	 	 	1	 
	“Affiliate”
	 	 	1	 
	“Authorized Newspaper”
	 	 	1	 
	“Board of Directors”
	 	 	1	 
	“Board Resolution”
	 	 	1	 
	“Business Day”
	 	 	1	 
	“Capital Stock”
	 	 	 	 
	“cash”
	 	 	2	 
	“Company”
	 	 	2	 
	“Company Request” or “Company Order”
	 	 	2	 
	“Default”
	 	 	2	 
	“Depositary”
	 	 	2	 
	“Discount Security”
	 	 	2	 
	“Dollar” or “$”
	 	 	2	 
	“Exchange Act”
	 	 	2	 
	“Exchange Securities”
	 	 	2	 
	“Holder” or “Securityholder”
	 	 	2	 
	“Indenture”
	 	 	2	 
	“interest”
	 	 	2	 
	“Interest Payment Date”
	 	 	3	 
	“Maturity”
	 	 	3	 
	“Officer”
	 	 	3	 
	“Officers’ Certificate”
	 	 	3	 
	“Opinion of Counsel”
	 	 	3	 
	“Periodic Offering”
	 	 	3	 
	“Permitted Encumbrances”
	 	 	3	 
	“Permitted Sale and Leaseback Transaction”
	 	 	4	 
	“person”
	 	 	4	 
	“Place of Payment”
	 	 	4	 
	“Predecessor Security”
	 	 	 	 
	“Principal” or “Principal Amount”
	 	 	4	 
	“Redemption Date” or “redemption date”
	 	 	4	 
	“Redemption Price” or “redemption price”
	 	 	4	 
	“Registered Security”
	 	 	4	 

 

			
	*NOTE:	 	This Table of Contents shall not, for any purpose,
be deemed part of the Indenture.

i

 

	 	 	 	 	 
	“Regular Record Date”
	 	 	4	 
	“Sale and Leaseback Transaction”
	 	 	4	 
	“SEC”
	 	 	4	 
	“Securities”
	 	 	4	 
	“Securities Act”
	 	 	4	 
	“Securities Custodian”
	 	 	 	 
	“Securityholder” or “Holder”
	 	 	5	 
	“Special Record Date”
	 	 	5	 
	“Stated Maturity”
	 	 	5	 
	“Subsidiary”
	 	 	5	 
	“TIA”
	 	 	5	 
	“Trust Officer”
	 	 	5	 
	“Trustee”
	 	 	5	 
	“United States”
	 	 	5	 
	“United States Alien”
	 	 	5	 
	“United States Person”
	 	 	5	 
	“Value”
	 	 	6	 
	SECTION 102. Other Definitions
	 	 	6	 
	SECTION 103. Incorporation by Reference of Trust Indenture Act
	 	 	6	 
	SECTION 104. Rules of Construction
	 	 	6	 
	 
	 	 	 	 
	ARTICLE TWO

	The Securities

	SECTION 201. Forms Generally
	 	 	7	 
	SECTION 202. Securities in Global Form
	 	 	7	 
	SECTION 203. Title, Terms and Denominations
	 	 	8	 
	SECTION 204. Execution, Authentication, Delivery and Dating
	 	 	11	 
	SECTION 205. Registrar and Paying Agent
	 	 	13	 
	SECTION 206. Paying Agent to Hold Money and Securities in Trust
	 	 	14	 
	SECTION 207. Securityholder Lists
	 	 	14	 
	SECTION 208. Transfer and Exchange
	 	 	14	 
	SECTION 209. Replacement Securities and Coupons
	 	 	17	 
	SECTION 210. Outstanding Securities; Determinations of Holders’ Action
	 	 	18	 
	SECTION 211. Temporary Securities
	 	 	19	 
	SECTION 212. Cancellation
	 	 	19	 
	SECTION 213. Payment of Interest; Interest Rights Preserved
	 	 	20	 
	SECTION 214. Persons Deemed Owners
	 	 	21	 
	SECTION 215. Computation of Interest
	 	 	21	 
	SECTION 216. Legends
	 	 	21	 
	 
	 	 	 	 
	ARTICLE THREE

	Redemption

	 
	 	 	 	 
	SECTION 301. Right to Redeem; Notices to Trustee
	 	 	22	 
	SECTION 302. Selection of Securities to be Redeemed
	 	 	22	 
	SECTION 303. Notice of Redemption
	 	 	22	 

ii

 

	 	 	 	 	 
	SECTION 304. Effect of Notice of Redemption
	 	 	23	 
	SECTION 305. Deposit of Redemption Price
	 	 	23	 
	SECTION 306. Securities Redeemed in Part
	 	 	24	 
	 
	 	 	 	 
	ARTICLE FOUR

	Covenants

	 
	 	 	 	 
	SECTION 401. Payment of Securities
	 	 	24	 
	SECTION 402. SEC Reports
	 	 	24	 
	SECTION 403. Compliance Certificate
	 	 	25	 
	SECTION 404. Further Instruments and Acts
	 	 	25	 
	SECTION 405. Maintenance of Office or Agency
	 	 	25	 
	SECTION 406. Additional Amounts
	 	 	25	 
	SECTION 407. Liens
	 	 	26	 
	SECTION 408. Sale and Leasebacks
	 	 	27	 
	 
	 	 	 	 
	ARTICLE FIVE

	Successor Corporation

	 
	 	 	 	 
	SECTION 501. When Company May Merge or Transfer Assets
	 	 	28	 
	 
	 	 	 	 
	ARTICLE SIX

	Defaults and Remedies

	 
	 	 	 	 
	SECTION 601. Events of Default
	 	 	29	 
	SECTION 602. Acceleration
	 	 	30	 
	SECTION 603. Other Remedies
	 	 	30	 
	SECTION 604. Waiver of Past Defaults
	 	 	31	 
	SECTION 605. Control by Majority
	 	 	31	 
	SECTION 606. Limitation on Suits
	 	 	31	 
	SECTION 607. Rights of Holders to Receive Payment
	 	 	32	 
	SECTION 608. Collection Suit by Trustee
	 	 	32	 
	SECTION 609. Trustee May File Proofs of Claim
	 	 	32	 
	SECTION 610. Priorities
	 	 	33	 
	SECTION 611. Undertaking for Costs
	 	 	33	 
	SECTION 612. Waiver of Stay, Extension or Usury Laws
	 	 	34	 
	 
	 	 	 	 
	ARTICLE SEVEN

	Trustee

	 
	 	 	 	 
	SECTION 701. Duties of Trustee
	 	 	34	 
	SECTION 702. Rights of Trustee
	 	 	35	 
	SECTION 703. Individual Rights of Trustee, etc.
	 	 	36	 
	SECTION 704. Trustee’s Disclaimer
	 	 	36	 
	SECTION 705. Notice of Defaults
	 	 	37	 
	SECTION 706. Reports by Trustee to Holders
	 	 	37	 
	SECTION 707. Compensation and Indemnity
	 	 	37	 
	SECTION 708. Replacement of Trustee
	 	 	38	 

iii

 

	 	 	 	 	 
	SECTION 709. Successor Trustee by Merger
	 	 	39	 
	SECTION 710. Eligibility; Disqualification
	 	 	39	 
	SECTION 711. Preferential Collection of Claims Against Company
	 	 	40	 
	 
	 	 	 	 
	ARTICLE EIGHT

	Satisfaction and Discharge

	 
	 	 	 	 
	SECTION 801. Discharge of Liability on Securities
	 	 	40	 
	SECTION 802. Repayment to the Company
	 	 	40	 
	SECTION 803. Option to Effect Defeasance or Covenant Defeasance
	 	 	41	 
	SECTION 804. Defeasance and Discharge
	 	 	41	 
	SECTION 805. Covenant Defeasance
	 	 	41	 
	SECTION 806. Conditions to Defeasance or Covenant Defeasance
	 	 	42	 
	 
	 	 	 	 
	ARTICLE NINE

	Supplemental Indentures

	 
	 	 	 	 
	SECTION 901. Supplemental Indentures without Consent of Holders
	 	 	42	 
	SECTION 902. Supplemental Indentures with Consent of Holders
	 	 	43	 
	SECTION 903. Compliance with Trust Indenture Act
	 	 	44	 
	SECTION 904. Revocation and Effect of Consents, Waivers and Actions
	 	 	44	 
	SECTION 905. Notation on or Exchange of Securities
	 	 	45	 
	SECTION 906. Trustee to Sign Supplemental Indentures
	 	 	45	 
	SECTION 907. Effect of Supplemental Indentures
	 	 	45	 
	 
	 	 	 	 
	ARTICLE TEN

	[Reserved]

	 
	 	 	 	 
	ARTICLE ELEVEN

	Actions of Holders of Securities

	 
	 	 	 	 
	SECTION 1101. Purposes for which Meetings may be Called
	 	 	45	 
	SECTION 1102. Call, Notice and Place of Meetings
	 	 	45	 
	SECTION 1103. Persons Entitled to Vote at Meetings
	 	 	46	 
	SECTION 1104. Quorum; Action
	 	 	46	 
	SECTION 1105. Determination of Voting Rights; Conduct and Adjournment of Meetings
	 	 	47	 
	SECTION 1106. Counting Votes and Recording Action of Meetings
	 	 	47	 
	SECTION 1107. Actions of Holders Generally
	 	 	48	 
	 
	 	 	 	 
	ARTICLE TWELVE

	Miscellaneous

	 
	 	 	 	 
	SECTION 1201. Trust Indenture Act Controls
	 	 	49	 
	SECTION 1202. Notices
	 	 	49	 
	SECTION 1203. Communication by Holders with Other Holders
	 	 	50	 
	SECTION 1204. Certificate and Opinion as to Conditions Precedent
	 	 	51	 
	SECTION 1205. Statements Required in Certificate or Opinion
	 	 	51	 
	SECTION 1206. Separability Clause
	 	 	51	 

iv

 

	 	 	 	 	 
	SECTION 1207. Rules by Trustee, Paying Agent and Registrar
	 	 	51	 
	SECTION 1208. Legal Holidays
	 	 	51	 
	SECTION 1209. Governing Law and Jurisdiction
	 	 	52	 
	SECTION 1210. No Recourse Against Others
	 	 	52	 
	SECTION 1211. Successors
	 	 	52	 
	SECTION 1212. Effect of Headings and Table of Contents
	 	 	52	 
	SECTION 1213. Benefits of Indenture
	 	 	53	 
	SECTION 1214. Multiple Originals
	 	 	53	 
	SECTION 1215. Waiver of Jury Trial
	 	 	53	 
	 
	 	 	 	 
	EXHIBITS
	 	 	 	 

			
	Exhibit A:	 	Form of Notes

v

 

     INDENTURE dated as of March 14, 2006, by and between The Dun & Bradstreet Corporation, a
Delaware corporation (“Company”), and The Bank of New York, a New York banking corporation, as
trustee (“Trustee”).

Recitals of the Company

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

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

ARTICLE ONE

Definitions and Incorporation by Reference

SECTION 101. 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 the
purposes of this definition, “control” when used with respect to any specified person means the
power to direct or cause the direction of the management and policies of such person, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise; and the
terms “controlling” and “controlled” have meanings correlative to the foregoing.

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

     “Board of Directors” means the board of directors of the Company or any committee of such
board authorized with respect to any matter to exercise the powers of the Board of Directors of the
Company.

     “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors and to be in full
force and effect on the date of such certification, and delivered to the Trustee.

     “Business Day” means, except as otherwise specified as contemplated by Section 203(a), with
respect to any Place of Payment or any other particular location referred to in this Indenture or
in the Securities, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day

 

 

on which
banking institutions in that Place of Payment or other location are authorized or obligated by law
or executive order to close.

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

     “Company” means the party named as the “Company” in the first paragraph of this Indenture
until a successor replaces it pursuant to the applicable provisions of this Indenture and,
thereafter, shall mean such successor.

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

     “Default” means any event which is, or after notice or 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 as contemplated by Section 203(a) as the Depositary
with respect to such series of Securities, until a successor shall have become such pursuant to the
applicable provisions of this Indenture, and thereafter “Depositary” shall mean or include such
successor.

     “Discount Security”
means any Security which 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 602.

     “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 debts.

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

     “Exchange Securities” shall mean Securities issued in a transaction which has been registered
under the Securities Act in exchange for Restricted Securities.

     “Holder” or “Securityholder”, when used with respect to any Security, means a person in whose
name a Security is registered on the Registrar’s books.

     “Indenture” means this Indenture, as amended or supplemented from time to time in accordance
with the terms hereof, and shall include the terms of a particular series of Securities established
as contemplated in Section 203(a).

     “interest”, when used with respect to a Discount Security which by its terms bears interest
only after Maturity, means interest payable after Maturity.

2

 

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

     “Maturity”, when used with respect to any Security, means the date on which the Principal of
such Security or an installment of Principal or, in the case of a Discount Security, the Principal
Amount payable upon a declaration of acceleration pursuant to Section 602, becomes due and payable
as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration,
call for redemption or otherwise.

     “Officer”
means the Chairman of the Board, any Vice Chairman, the Chief Executive Officer, the Chief
Financial Officer, the President, any Senior Vice President, any Vice President, the Treasurer, the
Secretary, any Assistant Treasurer or any Assistant Secretary of the Company.

     “Officers’ Certificate” means a written certificate containing the information specified in
Sections 1204 and 1205, signed in the name of the Company by its Chairman of the Board, a Vice
Chairman, its Chief Executive Officer, its Chief Financial Officer, its President, a Senior Vice
President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an
Assistant Secretary, and delivered to the Trustee.

     “Opinion of Counsel” means an opinion from legal counsel who is reasonably acceptable to the
Trustee that meets the requirements of Sections 1204 and 1205. Any such opinion shall comply with
the requirements of the TIA and any other requirements set forth in this Indenture. The counsel
may be an employee of or counsel to the Company.

     “Periodic Offering” means an offering of Securities of a series from time to time, the
specific terms of which Securities, including, without limitation, the rate or rates of interest,
if any, thereon, the Stated Maturity or Maturities thereof, the original issue date or dates
thereof, the redemption provisions, if any, and any other terms specified as contemplated by
Section 203(a) with respect thereto, are to be determined by the Company, or one or more of the
Company’s agents designated in an Officers’ Certificate, upon the issuance of such Securities.

     “Permitted Encumbrances” means:

     (a) liens for taxes not yet due and payable, or being contested in good faith by
appropriate proceedings, provided that adequate reserves with respect thereto are maintained on
the books of the Company or the books of its Subsidiaries, as the case may be, in conformity
with U.S. generally accepted accounting principles;

     (b) mechanics’, landlords’ and similar liens, arising in the ordinary course of business
securing obligations that are not overdue for a period of more than 90 days or that are being
contested in good faith by appropriate proceedings; and

     (c) easements, rights-of-way and similar liens incurred in the ordinary course of business
that do not secure any monetary obligations and materially impair the use or value of the
property subject thereto or materially interfere with the ordinary conduct of the Company’s
business or of the business of its Subsidiaries;

3

 

provided, that the term “Permitted Encumbrances” shall not include any lien securing indebtedness.

     “Permitted Sale and Leaseback Transaction” means any of the following: (1) temporary leases
for a term, including renewals at the option of the lessee, of not more than three years, (2)
leases between only the Company and a Subsidiary or between Subsidiaries and (3) leases of property
executed by the time of, or within twelve months after the latest of (a) the acquisition, (b) the
completion of construction or improvement, or (c) the commencement of commercial operation of the
property.

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

     “Place of Payment”, when used with respect to the Securities of any series, means the place or
places where, subject to the provisions of Section 405, the Principal of and any interest on the
Securities of that series are payable as specified as contemplated by Section 203(a).

     “Principal” or “Principal Amount” of a Security, except as otherwise specifically provided in
this Indenture, means the outstanding principal of the Security plus the premium, if any, of the
Security.

     “Redemption Date” or “redemption date”, when used with respect to any Security to be redeemed,
shall mean the date specified for redemption of such Security in accordance with the terms of such
Security and this Indenture.

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

     “Registered Security” means any Security in the form (to the extent applicable thereto)
established pursuant to Section 201 which is registered on the books of the Registrar.

     “Regular Record Date” for the interest payable on any Interest Payment Date on the Registered
Securities of any series means the date specified for that purpose as contemplated by Section
203(a).

     “Sale and Leaseback Transaction”
means any arrangement with any person pursuant to which the Company or any Subsidiary leases
any property that has been or is to be sold or transferred by the Company or the Subsidiary to such
person.

     “SEC” means the Securities and Exchange Commission.

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

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

4

 

     “Securityholder” or “Holder”, when used with respect to any Security, means a person in whose
name a Security is registered on the Registrar’s books.

     “Special Record Date” for the payment of any Defaulted Interest on the Registered Securities
of any issue means a date fixed by the Trustee pursuant to Section 213.

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

     “Subsidiary” means, with respect to any person at any date, any corporation, limited liability
company, partnership, association or other entity of which securities or other ownership interests
representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the
case of a partnership, more than 50% of the general partnership interests are, as of such date,
owned, controlled or held by (i) such person, (ii) such person and one or more Subsidiaries or
(iii) one or more Subsidiaries of such person.

     “TIA” means the Trust Indenture Act of 1939 as in effect on the date of this Indenture, except
as provided in Section 903.

     “Trust Officer”
shall mean, when used with respect to the Trustee, any officer within the corporate trust
department of the Trustee, including any vice president, assistant vice president, 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.

     “Trustee” means the party named as the “Trustee” in the first paragraph of this Indenture
until a successor replaces it pursuant to the applicable provisions of this Indenture and,
thereafter, shall mean such successor.

     “United States” means the United States of America, its territories, its possessions
(including the Commonwealth of Puerto Rico), and other areas subject to its jurisdiction.

     “United States Alien” means any person who, for United States Federal income tax purposes, is
a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a foreign
estate or trust, or a foreign partnership one or more of the members of which is, for United States
Federal income tax purposes, a foreign corporation, a non-resident alien individual or a
non-resident alien fiduciary of a foreign estate or trust.

     “United States Person” means any citizen or resident of the United States, any corporation,
partnership or other entity created or organized in or under the laws of the United States and any
estate or trust the income of which is subject to United States federal income taxation regardless
of its source.

5

 

     “Value” means, with respect to a Sale and Leaseback Transaction, an amount equal to the
present value of the lease payments with respect to the term of the lease remaining on the date as
of which the amount is being determined, without regard to any renewal or extension options
contained in the lease, discounted at the weighted average interest rate on the Securities of all
series (including the effective interest rate on any original issue discount Securities) which are
outstanding on the effective date of such Sale and Leaseback Transaction.

SECTION 102. Other Definitions.

	 	 	 
	Term	 	Defined in Section
	“Bankruptcy Law”
	 	601
	“Common Depositary”
	 	202
	“Custodian”
	 	601
	“Defaulted Interest”
	 	213
	“Defeased Securities”
	 	803
	“Event of Default”
	 	601
	“Legal Holiday”
	 	1208  
	“Notice of Default”
	 	601
	“Outstanding”
	 	210
	“Paying Agent”
	 	205
	“Registrar”
	 	205

SECTION 103. 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. 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 or Securityholder.

     “indenture to be qualified” means this Indenture.

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

     “obligor” on the indenture securities means the Company.

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

SECTION 104. Rules of Construction.

     Unless the context otherwise requires:

6

 

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

     (2) an accounting term not otherwise defined has the meaning assigned to it in accordance
with generally accepted accounting principles in the United States as in effect from time to
time;

     (3) “or” is not exclusive;

     (4) “including” means including, without limitation; and

     (5) words in the singular include the plural, and words in the plural include the singular.

ARTICLE TWO

The Securities

SECTION 201. Forms Generally.

     The Registered Securities, if any, of each series and related coupons shall be in
substantially such form (including global form) as shall be established by delivery to the Trustee
of an Officers’ Certificate or in one or more indentures supplemental hereto, in each case with
such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture, and may have such letters, numbers or other marks of identification
and such legends or endorsements placed thereon as may be required to comply with the rules of any
securities exchange or as may, consistently herewith, be determined by the Officers executing such
Securities or coupons as evidenced by their execution of the Securities or coupons. The Officers’
Certificate so establishing the form of Security or coupons, if any, of any series shall be
delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section
204 for the authentication and delivery of such Securities or coupons.

     The permanent Securities and coupons, if any, shall be printed, lithographed, engraved or word
processed or produced by any combination of these methods or may be produced in any other manner,
provided, that such method is permitted by the rules of any securities exchange on which such
Securities may be listed, all as determined by the Officers executing such Securities as evidenced
by their execution of such Securities.

SECTION 202. Securities in Global Form.

     If Securities of a series are issuable in temporary or permanent global form, as specified as
contemplated by Section 203(a), then, notwithstanding clause (10) of Section 203(a) and the
provisions of Section 203(b), any such 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 or otherwise notated on the
books and records of the Registrar and that the aggregate amount of Outstanding Securities
represented thereby may from time to time be reduced to reflect exchanges. Any endorsement of a
Security in global form to reflect the amount of any increase or decrease in the amount of
Outstanding Securities represented thereby shall be made by the Trustee in such

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manner and upon
instructions given by such person or persons as shall be specified therein or in the Company Order
to be delivered to the Trustee pursuant to Section 204 or Section 211. Subject to the provisions
of Section 204 and, if applicable, Section 211, the Trustee shall deliver and redeliver any
Security in global form in the manner and upon instructions given by the person or persons
specified therein or in the applicable Company Order. If a Company Order
pursuant to Section 204 or 211 has been, or simultaneously is, delivered, any instructions by
the Company with respect to endorsement or other notation on the books and records of the Registrar
or delivery or redelivery of a Security of such series in global form shall be in writing but need
not comply with Section 1204 or 1205 and need not be accompanied by an Opinion of Counsel (except
as required by Section 204).

     Securities in global form may be issued in either temporary or permanent form.

     The provisions of the last sentence of Section 204 shall apply to any Security represented by
a Security in global form if such Security was never issued and sold by the Company, and the
Company delivers to the Trustee the Security in global form together with written instructions
(which need not comply with Section 1204 or 1205 and need not be accompanied by an Opinion of
Counsel) with regard to the reduction in the Principal Amount of Securities represented thereby,
together with the written statement contemplated by the last sentence of Section 204.

     Notwithstanding the provisions of Sections 201 and 213, unless otherwise specified as
contemplated by Section 203(a), payment of Principal of and any interest on any Security in global
form shall be made to the person or persons specified therein.

     SECTION 203. Title, Terms and Denominations.

     (a) The aggregate Principal Amount of Securities which may be authenticated and delivered
under this Indenture shall be unlimited.

     The Securities may be issued in one or more series. There shall be established and, subject
to Section 204, set forth, or determined in the manner provided, in an Officers’ Certificate of the
Company or established in one or more indentures supplemental hereto:

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

     (2) any limit upon the aggregate Principal Amount of the Securities of the series which 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 Sections 208, 209, 211, 306, 905 or 1003 and except for any Securities
which, pursuant to Section 204, are deemed never to have been authenticated and delivered
hereunder);

     (3) whether any Securities of the series may be represented initially by a Security in
temporary or permanent global form and, if so, the initial Depositary with respect to any such
temporary or permanent global Security, and if other than as provided in Section 208 or Section
211, as applicable and whether and the circumstances under which beneficial owners

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of interests
in any such temporary or permanent global Security may exchange such interests for Securities of
such series and of like tenor of any authorized form and denomination;

     (4) the person to whom any interest on any Registered Security of the series shall be
payable, if other than the person in whose name that Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date for such interest,
the manner in which, if otherwise than upon presentation and surrender of the coupons
appertaining thereto as they severally mature, and the extent to which, or the manner in which
(including any certification requirement and other terms and conditions under which), any
interest payable on a temporary or permanent global Security on an Interest Payment Date will be
paid if other than in the manner provided in Section 202 and Section 204, as applicable;

     (5) the date or dates on which the Principal of the Securities of the series is payable or
the method of determination thereof;

     (6) the rate or rates at which the Securities of the series shall bear interest, if any,
the date or dates from which any such interest shall accrue, the Interest Payment Dates on which
any such interest shall be payable and the Regular Record Date for any interest payable on any
Registered Securities on any Interest Payment Date;

     (7) the place or places where, subject to the provisions of Section 405, the Principal of
and any interest on Securities of the series shall be payable, any Registered Securities of the
series may be surrendered for registration of transfer, Securities of the series may be
surrendered for exchange and notices and demands to or upon the Company in respect of the
Securities of the series and this Indenture may be served;

     (8) the period or periods within which, the price or prices 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;

     (9) the obligation, if any, of the Company to redeem or purchase Securities of the series
pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof, the
conditions, if any, giving rise to such obligation, and the period or periods within which, the
price or prices at which and the terms and conditions upon which Securities of the series shall
be redeemed or purchased, in whole or in part, and any provisions for the remarketing of such
Securities;

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

     (11) the currency or currencies, including composite currencies, in which payment of the
Principal of and any interest on the Securities of the series shall be payable if other than the
currency of the United States, and if so, whether the Securities of the series may be satisfied
and discharged other than as provided in Article VIII;

     (12) if the amount of payments of principal of and any interest on the Securities of the
series is to be determined with reference to an index, formula or other method, or based on a

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coin or currency other than that in which the Securities are stated to be payable, the manner in
which such amounts shall be determined and the calculation agent, if any, with respect thereto;

     (13) if other than the Principal Amount thereof, the portion of the Principal Amount of any
Securities of the series which shall be payable upon declaration of acceleration of the Maturity
thereof pursuant to Section 602;

     (14) if the Company will pay additional amounts on any of the Securities and coupons, if
any, of the series to any Holder who is a United States Alien (including any modification in the
definition of such term), in respect of any tax, assessment or governmental charge withheld or
deducted, under what circumstances and with what procedures and documentation the Company will
pay such additional amounts, whether such additional amounts will be treated as interest or
Principal pursuant to this Indenture, and whether the Company will have the option to redeem
such Securities rather than pay additional amounts (and the terms of any such option);

     (15) if other than as defined in Section 101, the meaning of “Business Day” when used with
respect to any Securities of the series;

     (16) if and the terms and conditions upon which the Securities of the series may or must be
converted into securities of the Company or exchanged for securities of the Company or another
enterprise;

     (17) any terms applicable to Original Issue Discount, if any (as that term is defined in
the Internal Revenue Code of 1986 and the Regulations thereunder), including the rate or rates
at which such Original Issue Discount, if any, shall accrue;

     (18) if the Securities of the series may be issued or delivered (whether upon original
issuance or upon exchange of a temporary Security of such series or otherwise), or any
installment of Principal of or any interest is payable, only upon receipt of certain
certificates or other documents or satisfaction of other conditions in addition to those
specified in this Indenture, the form and terms of such certificates, documents or conditions;
and

     (19) any other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture, except as permitted by Section 901(7)).

               All Securities of any one series shall be substantially identical except as to denomination
and the rate or rates of interest, if any, and Stated Maturity, the date from which interest, if
any, shall accrue and except as may otherwise be provided in or pursuant to an Officers’
Certificate pursuant to this Section 203(a) or in any indenture supplemental hereto. All
Securities of any one series need not be issued at the same time and, unless otherwise provided, a
series may be reopened for issuances of additional Securities of such series or for the
establishment of additional terms with respect to the Securities of such series.

               If any of the terms of the series are established by action taken pursuant to a Board
Resolution, a copy of any appropriate record of such action shall be certified by the Secretary or
an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of

10

 

the Officers’ Certificate setting forth the terms of the series. With respect to Securities of a
series subject to a Periodic Offering, such Board Resolution or Officers’ Certificate may provide
general terms for Securities of such series and provide either that the specific terms of
particular Securities of such series shall be specified in a Company Order or that such terms shall
be
determined by the Company, designated in an Officers’ Certificate, in accordance with the
Company Order as contemplated by the first proviso of the third paragraph of Section 204.

     (b) Unless otherwise provided as contemplated by Section 203(a) with respect to any series of
Securities, any Registered Securities of a series shall be issuable in denominations of $1,000 and
any integral multiple thereof.

SECTION 204. Execution, Authentication, Delivery and Dating.

     The Securities shall be executed on behalf of the Company by its Chairman of the Board, one of
its Vice Chairmen, its President or one of its Senior Vice Presidents, one of its Vice Presidents,
or the Treasurer or any Assistant Treasurer, attested by its Secretary or one of its Assistant
Secretaries. The signature of any of these officers on the Securities may be manual or facsimile.
Coupons shall bear the facsimile signature of the Treasurer or any Assistant Treasurer of the
Company.

     Securities and coupons bearing the manual or facsimile signatures of individuals who were at
any time the proper officers of the Company shall bind the Company, notwithstanding that such
individuals or any of them have ceased to hold such offices prior to the authentication and
delivery of such Securities or did not hold such offices at the date of such Securities.

     At any time and from time to time after the execution and delivery of this Indenture (and
subject to delivery of the Board Resolution or Officers’ Certificate or supplemental indenture as
set forth in Section 203 with respect to the initial issuance of Securities of any series), the
Company may deliver Securities of any series together with any coupons appertaining thereto,
executed by the Company to the Trustee for authentication, together with a Company Order for the
authentication and delivery of such Securities; provided, however, that, with respect to Securities
of a series subject to a Periodic Offering, (a) such Company Order may be delivered by the Company
to the Trustee prior to the delivery to the Trustee of such Securities for authentication and
delivery, (b) the Trustee shall authenticate and deliver Securities of such series for original
issue from time to time, in an aggregate Principal Amount not exceeding the aggregate Principal
Amount established for such series, pursuant to a Company Order or pursuant to such procedures
acceptable to the Trustee as may be specified from time to time by a Company Order, (c) the rate or
rates of interest, if any, the Stated Maturity or Maturities, the original issue date or dates, the
redemption provisions, if any, and any other terms of Securities of such series shall be determined
by a Company Order or pursuant to such procedures and (d) if provided for in such procedures, such
Company Order may authorize authentication and delivery pursuant to oral or electronic instructions
from the Company, or the Company’s duly authorized agent or agents designated in an Officers’
Certificate, which oral instructions shall be promptly confirmed in writing. The Trustee shall
have the right to decline to authenticate and deliver any Securities under this Section if the
Trustee, being advised by counsel, determines that such action may not lawfully be taken or if the
Trustee in good faith shall determine that such action would expose the Trustee to personal
liability to existing Holders.

11

 

               If the forms or terms of the Securities of the series and any related coupons have been
established in or pursuant to one or more Officers’ Certificates as permitted by Sections 201 and
203(a) or in a supplemental indenture, in authenticating such Securities, and accepting the
additional responsibilities under this Indenture in relation to such Securities, the Trustee shall
be entitled to receive, and (subject to Section 701) shall be fully protected in relying upon, an
Opinion of Counsel stating:

     (a) that the form and terms of such Securities and any coupons have been duly authorized by
the Company and established in conformity with the provisions of this Indenture;

     (b) that such Securities, together with any coupons appertaining thereto, when
authenticated and delivered by the Trustee or its authenticating agent and issued by the Company
in the manner and subject to any conditions specified in such Opinion of Counsel, will
constitute valid and legally binding obligations of the Company, enforceable in accordance with
their terms, subject to customary exceptions; and

     (c) that all laws and requirements in respect of the execution and delivery by the Company
of such Securities have been complied with, provided, however, that, with respect to Securities
of a series subject to a Periodic Offering, the Trustee shall be entitled to receive such
Opinion of Counsel only once at or prior to the time of the first authentication of Securities
of such series (provided, that such Opinion of Counsel covers all Securities of such series) and
that the Opinion of Counsel above shall state:

     (x) that the forms of such Securities have been, and the terms of such Securities (when
established in accordance with such procedures as may be specified from time to time in a
Company Order, all as contemplated by and in accordance with an Officers’ Certificate
pursuant to Section 203(a), as the case may be) will have been, duly authorized by the
Company and established in conformity with the provisions of this Indenture; and

     (y) that such Securities, together with the coupons, if any, appertaining thereto, when
(1) executed by the Company, (2) completed, authenticated and delivered by the Trustee in
accordance with this Indenture, and (3) issued by the Company in the manner and subject to
any conditions specified in such Opinion of Counsel, will constitute valid and legally
binding obligations of the Company, enforceable in accordance with their terms, subject to
customary exceptions.

With respect to Securities of a series subject to a Periodic Offering, the Trustee may conclusively
rely, as to the authorization by the Company of any of such Securities, the form and terms thereof
and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel
and other documents delivered pursuant to Sections 201 and 203(a) and this Section, as applicable,
at or prior to the time of the first authentication of Securities of such series unless and until
it has received written notification that such opinion or other documents have been superseded or
revoked. In connection with the authentication and delivery of Securities of a series subject to a
Periodic Offering, the Trustee shall be entitled to assume, unless it has actual knowledge to the
contrary, that the Company’s instructions to authenticate and deliver such

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Securities do not violate any rules, regulations or orders of any governmental agency or commission
having jurisdiction over the Company.

     Notwithstanding the provisions of Section 203(a) and of the preceding three paragraphs, if all
Securities of a series are subject to a Periodic Offering, it shall not be necessary to deliver the
Officers’ Certificate otherwise required pursuant to Section 203(a) at or prior to the time of
authentication of each Security of such series if such Officers’ Certificate is delivered at or
prior to the authentication upon original issuance of the first Security of such series to be
issued.

     Each Registered Security shall be dated the date of its authentication.

     The Trustee may appoint an authenticating agent acceptable to the Company to authenticate
Securities. Unless otherwise provided in the 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.

     No Security or coupon shall be entitled to any benefit under this Indenture or be valid or
obligatory for any purpose unless there appears on such Security a certificate of authentication
substantially in the form provided for herein duly executed by the Trustee by manual signature of
an authorized signatory, and such certificate upon any Security shall be conclusive evidence, and
the only evidence, that such Security has been duly authenticated and delivered hereunder. 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.

	 	 	 	 	 	 	 
	 	 	The Bank of New York, as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Signatory
	 	 

     Notwithstanding the foregoing, if any Security shall have been duly authenticated and
delivered hereunder but never issued and sold by the Company, and the Company shall deliver such
Security to the Trustee for cancellation as provided in Section 212 together with a written
statement (which need not comply with Section 1204 or 1205 and need not be accompanied by an
Opinion of Counsel) stating that such Security has never been issued and sold by the Company, for
all purposes of this Indenture such Security shall be deemed never to have been authenticated and
delivered hereunder and shall never be entitled to the benefits of this Indenture.

SECTION 205. Registrar and Paying Agent.

     The Company shall maintain, with respect to each series of Securities, an office or agency
where such Securities may be presented for registration of transfer or for exchange (“Registrar”)
and an office or agency where such Securities may be presented for purchase or
payment (“Paying Agent”). The Registrar shall keep a register of the Securities and of their

13

 

transfer and exchange. The Company may have one or more co-registrars and one or more additional
paying agents. The term Paying Agent includes any additional paying agent.

     The Company shall enter into an appropriate agency agreement with respect to each series of
Securities with any Registrar, Paying Agent or co-registrar (if not the Trustee). The agreement
shall implement the provisions of this Indenture that relate to such agent. The Company shall
notify the Trustee of the name and address of any such agent. If the Company fails to maintain a
Registrar or Paying Agent for a particular series of Securities, the Trustee shall act as such and
shall be entitled to appropriate compensation therefor pursuant to Section 707. The Company or any
Subsidiary or an Affiliate of either of them may act as Paying Agent, Registrar or co-registrar.

     The Company initially appoints the Trustee as the Registrar and Paying Agent in connection
with such Securities and the Trustee, acting through its Corporate Trust Office in The City of New
York.

SECTION 206. Paying Agent to Hold Money and Securities in Trust.

     Except as otherwise provided herein, prior to or by 11:00 a.m. New York Time on each due date
of payments in respect of any series of Securities, the Company shall deposit with the Paying Agent
with respect to such Securities a sum of money sufficient to make such payments when so becoming
due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing that
the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by
such Paying Agent for the making of payments in respect of the Securities of such series and shall
notify the Trustee of any default by the Company in making any such payment. At any time during
the continuance of any such default, a Paying Agent shall, upon the written request of the Trustee,
forthwith pay to the Trustee all money so held in trust with respect to such Securities. If the
Company, a Subsidiary or an Affiliate of either of them acts as Paying Agent for a series of
Securities, it shall segregate the money held by it as Paying Agent with respect to such Securities
and hold it as a separate trust fund. The Company at any time may require a Paying Agent for a
series of Securities to pay all money held by it with respect to such Securities to the Trustee and
to account for any money disbursed by it. Upon doing so, such Paying Agent shall have no further
liability for the money.

SECTION 207. Securityholder Lists.

     The Trustee shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of Holders of each series of Securities. If the
Trustee is not the Registrar for any series of Securities, the Company shall cause to be furnished
to the Trustee at least semiannually on June 1 and December 1 a listing of Holders of such series
of Securities dated within 15 days of the date on which the list is furnished and at such other
times as the Trustee may request in writing a list in such form and as of such date as
the Trustee may reasonably require of the names and addresses of Securityholders of such
series of Securities.

SECTION 208. Transfer and Exchange.

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     (a) Generally, upon surrender for registration of transfer of any Security at the office or
agency of the Company designated pursuant to Section 405 for such purpose in a Place of Payment,
the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the
designated transferee or transferees, one or more new Securities of any authorized denomination or
denominations of a like aggregate Principal Amount and tenor. The Company shall not charge a
service charge for any registration of transfer or exchange, but the Company may require payment of
a sum sufficient to pay all taxes, assessments or other governmental charges that may be imposed in
connection with the transfer or exchange of the Securities from the Securityholder requesting such
transfer or exchange (other than any exchange of a temporary Security for a permanent Security not
involving any change in ownership or any exchange pursuant to Section 211, 306, 905 or 1003, not
involving any transfer).

     Notwithstanding any other provisions (other than the provisions set forth in the sixth and
seventh paragraphs) of this Section, a Security in global form representing all or a portion of the
Securities of a series may not be transferred except as a whole by the Depositary for such series
to a nominee of such Depositary or by a nominee of such Depositary to such Depositary or another
nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for
such series or a nominee of such successor Depositary.

     At the option of the Holder, Registered Securities of any series may be exchanged for other
Registered Securities of the same series of any authorized denomination or denominations, of a like
aggregate Principal Amount and tenor, upon surrender of the Securities to be exchanged at such
office or agency. Whenever any Securities are so surrendered for exchange, the Company shall
execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the
exchange is entitled to receive.

     Whenever any Securities are so surrendered for exchange, the Company shall execute, and the
Trustee or a duly appointed authenticating agent shall authenticate and deliver, the Securities
which the Holder making the exchange is entitled to receive.

     If at any time the Depositary for the Securities of a series notifies the Company that it is
unwilling or unable to continue as Depositary for the Securities of such series, the Company shall
appoint a successor Depositary with respect to the Securities of such series. If a successor
Depositary for the Securities of such series is not appointed by the Company within 90 days after
the Company receives such notice, the Company will execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of definitive Securities of such series, will
authenticate and deliver Securities of such series in definitive form in an aggregate Principal
Amount equal to the Principal Amount of the Security or Securities in global form representing such
series in exchange for such Security or Securities in global form in accordance with the
instructions, if any, of the Depositary.

     The Company may at any time and in its sole discretion determine that the Securities of any
series issued in the form of one or more global Securities shall no longer be represented by such
global Security or Securities. In such event the Company will execute, and the Trustee, upon
receipt of a Company Order for the authentication and delivery of definitive Securities of such
series, will authenticate and deliver Securities of such series in definitive form and in an
aggregate Principal Amount equal to the Principal Amount of the Security or Securities in global

15

 

form representing such series in exchange for such Security or Securities in global form in
accordance with the instructions, if any, of the Depositary.

     Notwithstanding the foregoing, except as otherwise specified in the preceding two paragraphs
or as contemplated by Section 203(a), any global Security shall be exchangeable only as provided in
this paragraph. If the beneficial owners of interests in a global Security are entitled to
exchange such interests for definitive Securities of such series and of like Principal Amount and
tenor but of another authorized form and denomination, as specified as contemplated by Section
203(a), then without unnecessary delay but in any event not later than the earliest date on which
such interests may be so exchanged, the Company shall deliver to the Trustee definitive Securities
in aggregate Principal Amount equal to the Principal Amount of such global Security, executed by
the Company. On or after the earliest date on which such interests may be so exchanged, such
global Security shall be surrendered by the Depositary with respect thereto to the Trustee, as the
Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for
definitive Securities without charge and the Trustee shall authenticate and deliver, in exchange
for each portion of such global Security, an equal aggregate Principal Amount of definitive
Securities of the same series of authorized denominations and of like tenor as the portion of such
global Security to be exchanged which, as specified as contemplated by Section 203(a), shall be in
the form of Registered Securities; provided, however, that notwithstanding the last paragraph of
this Section 208, no such exchanges may occur during a period beginning at the opening of business
15 days before the mailing of a notice of redemption of Securities of that series to be redeemed
and ending on the relevant Redemption Date. If a Registered Security is issued in exchange for any
portion of a global Security after the close of business at the office or agency where such
exchange occurs on (i) any Regular Record Date and before the opening of business at such office or
agency on the relevant Interest Payment Date, or (ii) any Special Record Date and before the
opening of business at such office or agency on the related proposed date for payment of Defaulted
Interest, interest or Defaulted Interest, as the case may be, will not be payable on such Interest
Payment Date or proposed date for payment, as the case may be, in respect of such Registered
Security, but will be payable on such Interest Payment Date or proposed date for payment, as the
case may be, only to the person to whom interest in respect of such portion of such global Security
is payable in accordance with the provisions of this Indenture.

     Upon the exchange of a Security in global form for Securities in definitive form, such
Security in global form shall be cancelled by the Trustee. All cancelled Securities and coupons
held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures
unless the Company directs, by Company Order, that the Trustee shall cancel Securities and return
them to the Company. Registered Securities issued in exchange for a Security in global form
pursuant to this Section 208 shall be registered in such names and in such authorized denominations
as the Depositary for such Security in global form, pursuant to instructions from its direct or
indirect participants or otherwise, shall instruct the Trustee. The
Trustee shall deliver such Registered Securities to the persons in whose names such Securities
are so registered.

     All Securities issued upon any registration of transfer or exchange of Securities shall be the
valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under
this Indenture, as the Securities surrendered upon such registration of transfer or exchange.

16

 

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

     The Company shall not be required (i) to issue, register the transfer of or exchange
Securities of any series during a period beginning at the opening of business 15 days before the
mailing of a notice of redemption of Securities of that series to be redeemed and ending (except as
otherwise provided in the first proviso in the eighth paragraph of this Section 208) at the close
of business on the day of the mailing of the relevant notice of redemption or, if Securities of the
series are also issuable as Registered Securities and there is no publication, the mailing of the
relevant notice of redemption, or (ii) to register the transfer of or exchange any Registered
Security so selected for redemption, in whole or in part, except the unredeemed portion of any
Security being redeemed in part.

SECTION 209. Replacement Securities and Coupons.

     If (a) any mutilated Security or a Security with a mutilated coupon appertaining thereto is
surrendered to the Trustee or paying agent outside the United States, or (b) the Company and the
Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Security or
coupon, and there is delivered to the Company and the Trustee such security or indemnity as may be
required by them to save each of them harmless, then, in the absence of written notice to the
Company, any such paying agent or the Trustee that such Security or coupon has been acquired by a
bona fide purchaser, the Company shall execute and upon its written request the Trustee shall
authenticate and deliver, in exchange for any such mutilated Security or coupon or in lieu of any
such destroyed, lost or stolen Security or coupon, or in exchange for the Security to which a
mutilated, destroyed, lost or stolen coupon appertains (with all appurtenant coupons not mutilated,
destroyed, lost or stolen), a new Security of the same series and of like tenor and Principal
Amount, bearing a number not contemporaneously outstanding, with coupons corresponding to the
coupons, if any, appertaining to such destroyed, lost or stolen Security or coupon, or to the
Security to which such destroyed, lost or stolen coupon appertains.

     In case any such mutilated, destroyed, lost or stolen Security or coupon has become or is
about to become due and payable, the Company in its discretion may, instead of issuing a new
Security, pay such Security or coupon (without surrender thereof except in the case of a mutilated
Security or coupon) if the applicant for such payment shall furnish to the Company and the Trustee
for such Security such security or indemnity as may be required by them to save each of them
harmless, and in the case of destruction, loss or theft, evidence satisfactory to the
Company and such Trustee and any agent of any of them of the destruction, loss or theft of
such Security and the ownership thereof.

     Upon the issuance of any new Securities under this Section, the Company may require the
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in
relation thereto and any other expenses (including the fees and expenses of the Trustee) connected
therewith.

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     Every new Security of any series issued pursuant to this Section in lieu of any mutilated,
destroyed, lost or stolen Security, or in exchange for a Security to which a mutilated, destroyed,
lost or stolen coupon appertains, shall constitute an original additional contractual obligation of
the Company, whether or not the destroyed, lost or stolen Security and its coupons, if any, or the
destroyed, lost or stolen coupon shall be at any time enforceable by anyone, and any such new
Security and coupons, if any, shall be entitled to all benefits of this Indenture equally and
proportionately with any and all other Securities of that issue and their coupons, if any, duly
issued hereunder.

     The provisions of this Section are exclusive and shall preclude (to the extent lawful) all
other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost
or stolen Securities or coupons.

SECTION 210. Outstanding Securities; Determinations of Holders’ Action.

     Securities of any series “Outstanding” at any time are, as of the date of determination, all
the Securities of such series theretofore authenticated by the Trustee for such series except for
those cancelled by it, those delivered to it for cancellation and those described in this Section
210 as not outstanding. A Security does not cease to be “Outstanding” because the Company or an
Affiliate thereof holds the Security; provided, however, that in determining whether the Holders of
the requisite Principal Amount of Outstanding Securities have given or concurred in any request,
demand, authorization, direction, notice, consent or waiver hereunder, Securities owned by the
Company or any other obligor upon the Securities or any Affiliate of the Company or such other
obligor shall be disregarded and deemed not to be outstanding, except that, in determining whether
the Trustee shall be protected in relying upon any such request, demand, authorization, direction,
notice, consent or waiver, only Securities which a Trust Officer actually knows to be so owned
shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded
as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so
to act with respect to such Securities and that the pledgee is not the Company or any other obligor
upon the Securities or any Affiliate of the Company or of such other obligor. Subject to the
foregoing, only Securities outstanding at the time of such determination shall be considered in any
such determination (including, without limitation, determinations pursuant to Articles 6 and 9).
In addition, in determining whether the Holders of the requisite Principal Amount of Outstanding
Securities have given or concurred in any request, demand, authorization, direction, notice,
consent or waiver hereunder, (i) the Principal Amount of a Discount Security that shall be deemed
to be Outstanding shall be the amount of the Principal thereof that would be due and payable as of
the date of such determination upon
acceleration of the Maturity thereof pursuant to Section 602 and (ii) the Principal Amount of
a Security denominated in a foreign currency or currencies shall be the Dollar equivalent, as
determined on the date of original issuance of such Security, of the Principal Amount (or, in the
case of a Discount Security, the Dollar equivalent on the date of original issuance of such
Security of the amount determined as provided in (i) above) of such Security.

     If a Security has been paid pursuant to Section 209 or in exchange for or in lieu of which
another Security has been authenticated and delivered pursuant to this Indenture, it ceases to be
Outstanding unless the Trustee receives proof satisfactory to it that the replaced Security is held
by a bona fide purchaser.

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     If the Trustee (other than the Company) holds, in accordance with this Indenture, on a
Redemption Date or on Stated Maturity, money sufficient to pay Securities and any coupons thereto
appertaining payable on that date, then on and after that date such Securities shall cease to be
Outstanding and interest, if any, on such Securities shall cease to accrue; provided, that if such
Securities are to be redeemed, notice of such redemption has been duly given pursuant to this
Indenture or provision therefor satisfactory to the Trustee has been made.

SECTION 211. Temporary Securities.

     Pending the preparation of definitive Securities of any series, the Company may execute, and
upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are
printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized
denomination, substantially of the tenor of the permanent Securities in lieu of which they are
issued, in registered form and with such appropriate insertions, omissions, substitutions and other
variations as the Officers executing such Securities may determine, as conclusively evidenced by
their execution of such Securities. Such temporary Securities may be in global form.

     If temporary Securities for some or all of the Securities of any series are issued, the
Company will cause permanent Securities representing such Securities to be prepared without
unreasonable delay. Subject to Section 202, after the preparation of such permanent Securities,
the temporary Securities shall be exchangeable for such permanent Securities of like tenor upon
surrender of the temporary Securities at the office or agency of the Company designated for such
purpose pursuant to Section 405 in a Place of Payment for such series for the purpose of exchanges
of Securities of such series, without charge to the Holder. Upon surrender for cancellation of any
one or more temporary Securities of any series (accompanied by any unmatured coupons appertaining
thereto), the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a like Principal Amount of permanent Securities of the same series and of like tenor of
authorized denominations. Until so exchanged the temporary Securities shall in all respects be
entitled to the same benefits under this Indenture as permanent Securities.

SECTION 212. Cancellation.

     All Securities or coupons surrendered for payment, redemption, registration of transfer or
exchange, or for credit against any sinking fund payment, shall, if surrendered to any person other
than the Trustee, be delivered to the Trustee and all Registered Securities and matured coupons so
delivered shall be promptly cancelled by it. The Company may at any time deliver to the Trustee
for cancellation any Securities previously authenticated and delivered hereunder which the Company
may have acquired in any manner whatsoever (including Securities received by the Company in
exchange or payment for other Securities of the Company) and may deliver to the Trustee (or to any
other person for delivery to the Trustee) for cancellation any Securities previously authenticated
hereunder which the Company has not issued and sold, and all Securities so delivered shall be
promptly cancelled by the Trustee. The Company may not reissue, or issue new Securities to
replace, Securities it has paid or delivered to the Trustee for cancellation. No Securities shall
be authenticated in lieu of or in exchange for any Securities cancelled as provided in this
Section, except as expressly permitted in the form of Securities for

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any particular series or as
permitted by this Indenture. All cancelled Securities and coupons shall be disposed of by the
Trustee in accordance with its customary procedures.

SECTION 213. Payment of Interest; Interest Rights Preserved.

     Unless otherwise provided as contemplated by Section 203(a) with respect to any series of
Securities, interest on any Registered Security which is payable, and is punctually paid or duly
provided for, on any Interest Payment Date shall be paid to the person in whose name that Security
(or one or more Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest.

     Any interest on any Registered Security of any series which is payable, but is not punctually
paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall
forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having
been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each
case, as provided in clause (1) or (2) below:

     (1) The Company may elect to make payment of any Defaulted Interest to the persons in whose
names the Securities of such series (or their respective Predecessor Securities) are registered
at the close of business on a Special Record Date for the payment of such Defaulted Interest,
which shall be fixed in the following manner. The Company shall notify the Trustee in writing
of the amount of Defaulted Interest proposed to be paid on each Registered Security and the date
of the proposed payment, and at the same time the Company shall deposit with the Trustee an
amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted
Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the
date of the proposed payment, such money when deposited to be held in trust for the benefit of
the persons entitled to such Defaulted Interest as in this Clause provided. Thereupon the
Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall
be not more than 15 days and not less than 10 days prior to the date of the proposed payment and
not less than 10 days after the receipt by the Trustee of the notice of the proposed payment.
The Trustee shall promptly notify the Company of such Special Record Date and, in the name and
at the expense of the Company,
shall cause notice of the proposed payment of such Defaulted Interest and the Special
Record Date therefor to be mailed, first-class postage prepaid, to each Holder of Registered
Securities at his address as it appears in the register of the Securities, not less than 10 days
prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest
and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be
paid to the persons in whose names the Securities (or their respective Predecessor Securities)
are registered at the close of business on such Special Record Date and shall no longer be
payable pursuant to the following Clause (2).

     (2) The Company may make payment of any Defaulted Interest on the Registered Securities in
any other lawful manner not inconsistent with the requirements of any securities exchange on
which such Registered Securities may be listed, and upon such notice as may be required by such
exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant
to this clause, such manner of payment shall be deemed practicable by the Trustee.

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     Subject to the foregoing provisions of this Section and Section 208, each Security delivered
under this Indenture upon registration of transfer of or in exchange for or in lieu of any other
Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried
by such other Security.

SECTION 214. Persons Deemed Owners.

     Prior to due presentment of a Registered Security for registration of transfer, the Company,
the Trustee and any agent of the Company or the Trustee may treat the person in whose name such
Registered Security is registered as the owner of such Registered Security for the purpose of
receiving payment of Principal of and interest on such Registered Security and for all other
purposes whatsoever, whether or not such Registered Security be overdue, and neither the Company,
the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the
contrary.

     None of the Company, the Trustee, any Paying Agent or the Registrar will have any
responsibility or liability for any aspect of the records relating to or payments made on account
of beneficial ownership interests of a Security in global form or for maintaining, supervising or
reviewing any records relating to such beneficial ownership interests.

SECTION 215. Computation of Interest.

     Except as otherwise specified as contemplated by Section 203(a), interest on any Securities
which bear interest at a fixed rate shall be computed on the basis of a 360-day year comprised of
twelve 30-day months.

SECTION 216. Legends.

     Unless determined differently as provided in Section 201, global Securities shall bear the
following legend on the face thereof:

“UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR 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. THIS SECURITY IS A GLOBAL SECURITY WITHIN THE
MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A
DEPOSITARY OR A NOMINEE THEREOF. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO
TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS

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OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.”

ARTICLE THREE

Redemption

SECTION 301. Right to Redeem; Notices to Trustee.

          Securities of any series which are redeemable before their Stated Maturity shall be redeemable
in accordance with their terms and (except as otherwise specified as contemplated by Section 203(a)
for Securities of any series) in accordance with this Article. In the case of any redemption at
the election of the Company of less than all the Securities of any series, the Company shall,
within the time period set forth below, notify the Trustee in writing of the Redemption Date, the
Principal Amount of and of any other information necessary to identify the Securities of such
series to be redeemed and the Redemption Price (including the information set forth in clauses (4),
(5) and (6) of Section 303). In the case of any redemption of Securities of any series, the
Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such
restriction.

          The Company shall give notice to the Trustee of any redemption at the election of the Company
at least 45 days but not more than 60 days before the Redemption Date (unless a shorter notice
shall be satisfactory to the Trustee).

SECTION 302. Selection of Securities to be Redeemed.

          Unless otherwise specified as contemplated by Section 203(a) with respect to any series of
Securities, if less than all the Securities of any series with the same issue date, interest rate
and Stated Maturity are to be redeemed, the Trustee shall select the particular Securities to be
redeemed by such method the Trustee considers fair and appropriate, which method 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 Registered
Securities of such series of a denomination larger than the minimum authorized denomination for
Securities of that series. The Trustee shall make the selection not more than 60 days before the
Redemption Date from Outstanding Securities of such series not previously called for redemption.
Provisions of this Indenture that apply to Securities called for redemption also apply to portions
of Securities called for redemption. The Trustee shall notify the Company promptly in writing of
the Securities to be redeemed and, in the case of any portions of Securities to be redeemed, the
principal amount thereof to be redeemed.

SECTION 303. Notice of Redemption.

          Unless otherwise specified as contemplated by Section 203(a) with respect to any series of
Securities, at least 30 days but not more than 60 days before a Redemption Date, the Company shall
mail a notice of redemption by first-class mail, postage prepaid, to each Holder of Securities to
be redeemed.

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          The notice shall identify the Securities (including CUSIP/ISIN numbers) to be redeemed and
shall state:

     (1) the Redemption Date;

     (2) the Redemption Price;

     (3) if fewer than all the Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the Principal Amounts) of the particular
Securities to be redeemed;

     (4) that on the Redemption Date the Redemption Price will become due and payable upon each
such Security (or portion thereof) to be redeemed and, if applicable, that interest thereon will
cease to accrue on and after said date;

     (5) the place or places where such Securities; and

     (6) that the redemption is for a sinking fund.

          At the Company’s request, the Trustee shall give the notice of redemption in the Company’s
name and at the Company’s expense; provided, however, that, in all cases, the text of such Company
notice shall be prepared by the Company.

SECTION 304. Effect of Notice of Redemption.

          Once notice of redemption is given, Securities called for redemption become due and payable on
the Redemption Date and at the Redemption Price stated in the notice, and from and after such date
(unless the Company shall default in the payment of the Redemption Price and accrued interest) such
Securities shall cease to bear interest. Upon surrender of any such Security for redemption in
accordance with said notice, together with all coupons, if any, appertaining thereto maturing after
the Redemption Date, such Security shall be paid by the Company at the Redemption Price, together
with accrued interest to the Redemption Date; provided, however, that, unless otherwise specified
as contemplated by Section 203(a), installments of interest on Registered Securities whose Stated
Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities,
or one or more Predecessor Securities, registered as such at the close of business on the relevant
Regular Record Dates according to their terms and the provisions of Sections 208 and 213.

          If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the Principal shall, until paid, bear interest from the Redemption Date at the rate
prescribed therefor in the Security.

SECTION 305. Deposit of Redemption Price.

          Prior to 10:00 a.m., New York Time on the Redemption Date, the Company shall deposit in the
Place of Payment with the Paying Agent (or if the Company or a Subsidiary or an Affiliate of either
of them is the Paying Agent, shall segregate and hold in trust) money sufficient to pay the
Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date)

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accrued interest on, all Securities to be redeemed on that date other than Securities or
portions of Securities called for redemption which prior thereto have been delivered by the Company
to the Trustee for cancellation. If such money is then held by the Company in trust and is not
required for such purpose, it shall be discharged from such trust.

SECTION 306. Securities Redeemed in Part.

          Any Registered Security which is to be redeemed only in part shall be surrendered at a Place
of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a
written instrument of transfer in form satisfactory to the Company and the Trustee duly executed
by, the Holder thereof or his attorney duly authorized in writing), and upon such surrender, the
Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security
a new Registered Security or Securities of the same series and of like tenor, in an authorized
denomination as requested by such Holder, equal in aggregate Principal Amount to and in exchange
for the unredeemed portion of the Principal of the Security surrendered.

ARTICLE FOUR

Covenants

SECTION 401. Payment of Securities.

          The Company shall promptly make all payments in respect of each series of Securities on the
dates and in the manner provided in the Securities and any coupons appertaining thereto and, to the
extent not otherwise so provided, pursuant to this Indenture. An installment of Principal of or
interest on the Securities shall be considered paid on the date it is due if the Trustee or a
Paying Agent (other than the Company or an Affiliate of the Company) holds by 10:00 a.m. on that
date funds (in the currency or currencies of payment with respect to such Securities) designated
for and sufficient to pay such installment.

SECTION 402. SEC Reports.

          The Company shall file with the Trustee promptly after it files such annual and quarterly
reports, information, documents and other reports with the SEC, copies of its annual report and of
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) which the Company is required to file with the SEC
pursuant to Section 13 or 15(d) of the Exchange Act. The Company also shall comply with the other
provisions of TIA Section 314(a).

          Delivery of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any
information contained therein or determinable from information contained therein, including the
Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officers’ Certificates).

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SECTION 403. Compliance Certificate.

          The Company shall deliver to the Trustee within 120 days after the end of each fiscal year
(beginning with the fiscal year ending on December 31, 2006) an officers’ certificate signed by one
of the principal executive officer, principal accounting officer, principal financial officer or
treasurer of the Company stating whether or not the signer knows of any Default that occurred
during such period. If they do, such officers’ certificate shall describe the Default and its
status.

SECTION 404. Further Instruments and Acts.

          Upon request of the Trustee, the Company will execute and deliver such further instruments and
do such further acts as may be reasonably necessary or proper to carry out more effectively the
purposes of this Indenture.

SECTION 405. Maintenance of Office or Agency.

          If Securities of a series are issuable only as Registered Securities, the Company will
maintain in each Place of Payment for such series an office or agency where Securities of that
series may be presented or surrendered for payment, where Securities of that series may be
surrendered for registration of transfer or exchange and where notices and demands to or upon the
Company in respect of the Securities of that series and this Indenture may be served. The
Corporate Trust Office of the Trustee in New York, New York, shall be such office or agency for all
of the aforesaid purposes unless the Company shall maintain some other office or agency for such
purposes and shall give prompt written notice to the Trustee of the location, and any change in the
location, of such other office or agency. If at any time the Company shall fail to maintain any
such required office or agency in respect of any series of Securities or shall fail to furnish the
Trustee with the address thereof, such presentations and surrenders of Securities of that series
may be made and notices and demands may be made or served at the address of the Trustee set forth
in Section 1202.

          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 accordance with the requirements set forth above for Securities of any series for such
purposes. The Company will give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or agency.

SECTION 406. Additional Amounts.

          If specified as contemplated by Section 203(a), the Securities of a series may provide for the
payment of additional amounts, and in such case, the Company will pay to the Holder of any Security
of such series or any coupon appertaining thereto additional amounts as provided therein. Wherever
in this Indenture there is mentioned, in any context, the payment of the Principal of or any
interest on, or in respect of, any Security of any series or payment of any related coupon, 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,

25

 

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 Securities of a series provide for the payment of additional amounts, at least 10 days
prior to the first Interest Payment Date with respect to that series of Securities (or if the
Securities of that series will not bear interest prior to Maturity, the first day on which payment
of Principal is made), and at least 10 days prior to each date of payment of Principal and any
interest if there has been any change with respect to the matters set forth in the below-mentioned
Officers’ Certificate, the Company will furnish the Trustee and the Company’s 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 interest on the
Securities of that series shall be made to Holders of Securities of that series or any related
coupons who are United States Aliens without withholding for or on account of any tax, assessment
or other governmental charge described 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 Company
will pay to the Trustee or such Paying Agent the additional amounts required by the Securities of
such series and this Section. The Company covenants to indemnify the Trustee and any Paying Agent
for, and to hold them harmless against, any loss, liability or expense reasonably incurred without
negligence or bad faith on their part arising out of or in connection with actions taken or omitted
by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section.

SECTION 407. Liens.

          The Company will not, and will not permit any Subsidiary to, create, incur, assume, or permit
to exist any lien on any property or asset to secure any indebtedness of the Company, any
Subsidiary or any other person, or permit any Subsidiary to do so, without making effective
provision whereby the Securities then outstanding shall be secured by the lien equally and ratably
with such indebtedness for so long as such indebtedness shall be so secured, subject to the
following exceptions:

     (a) Permitted Encumbrances;

     (b) liens existing on the date of this Indenture;

     (c) liens on assets or property of a corporation at the time it becomes a Subsidiary
securing only indebtedness of such corporation, provided such indebtedness was not incurred in
connection with such corporation becoming a Subsidiary;

     (d) liens existing on assets created at the time of the acquisition, purchase, lease,
improvement or development of such assets to secure all or a portion of the purchase price or
lease for, or the costs of improvement or development of, such assets;

     (e) liens to secure any extension, renewal, refinancing or refunding (or successive
extensions, renewals, refinancings or refundings), in whole or in part, of any indebtedness

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secured by liens referred to in this Section 407 or liens created in connection with any
amendment, consent or waiver relating to such indebtedness, so long as such lien does not extend
to any other property, the amount of debt secured is not increased (other than by the amount
equal to any costs and expenses incurred in connection with any extension, renewal, refinancing
or refunding) and the indebtedness so secured does not exceed the fair market value (as
determined by the Board of Directors) of the assets subject to such liens at the time of such
extension, renewal, refinancing or refunding, or such amendment, consent or waiver, as the case
may be;

     (f) liens incurred in connection with the financing of accounts receivable of the Company
or any of its Subsidiaries so long as (1) such lien extends only to the assets of the entity
that received the proceeds of such financing, (2) the lien secures indebtedness not in excess of
the proceeds received, and (3) the aggregate indebtedness secured does not, at any time, exceed
$200,000,000.

     (g) liens on property incurred in a Permitted Sale and Leaseback Transaction;

     (h) liens in favor of only the Company or one or more Subsidiaries granted by the Company
or a Subsidiary to secure any obligations owed to the Company or a Subsidiary;

     (i) liens arising out of a judgment, decree or order of court being contested in good faith
by appropriate proceedings, provided that adequate reserves with respect thereto are maintained
on the books of the Company or the books of its Subsidiaries, as the case may be, in conformity
with GAAP; and

     (j) liens not permitted by clauses (a) through (i) of this Section 407, securing
indebtedness which, together with the Sale and Leaseback Transactions subject to Section 408, do
not at any time exceed the greater of (1) 10% of shareholders equity or (2) an aggregate amount
of $450,000,000.

SECTION 408. Sale and Leasebacks.

          The Company shall not enter into any Sale and Leaseback Transaction (other than a Permitted
Sale and Leaseback Transaction), nor permit any Subsidiary to do so, unless the Company or such
Subsidiary would be entitled to secure the property to be leased in a principal amount equal to the
Value of such Sale and Leaseback Transaction (without equally and ratably securing the outstanding
Securities) because such liens would be of such character that no violation of any of the
provisions of Section 407 would result.

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ARTICLE FIVE

Successor Corporation

SECTION 501. When Company May Merge or Transfer Assets.

          The Company may not consolidate or merge with or into, or sell, lease, convey, transfer or
otherwise dispose of the Company’s property and assets substantially as an entirety to another
entity unless:

     (a) either (1) the Company shall be the continuing corporation or (2) the person (if other
than the Company) formed by such consolidation or into which the Company is merged or to which
all or substantially all of the properties and assets of the Company are conveyed or transferred
(i) shall be a U.S. corporation, partnership, limited liability company or trust organized and
validity existing under the laws of the United States or any state thereof or the District of
Columbia and (ii) shall expressly assume, by an indenture supplemental hereto, executed and
delivered to the Trustee, in form satisfactory to the Trustee, all of the obligations of the
Company under the Securities and this Indenture;

     (b) immediately after giving effect to such transaction and the assumption contemplated by
clause (a)(ii) above, no event that, after notice or lapse of time or both, would become a
Default or Event of Default, shall have occurred and be continuing;

     (c) if, as a result of any consolidation, merger, sale or lease, conveyance or transfer
described in this Section 501, properties or assets of the Company would become subject to any
lien which and would not be permitted by Section 407 without equally and ratably securing the
Securities, the Company or such successor person, as the case may be, will take steps as are
necessary to effectively secure the Securities equally and ratably with, or prior to, all
indebtedness secured by those liens as provided in Section 407; and

     (d) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion
of Counsel, each stating that such consolidation, merger, conveyance or transfer and, if a
supplemental indenture is required in connection with such transaction, such supplemental
indenture, comply with this Article and that all conditions precedent herein provided for
relating to such transaction have been satisfied. For purposes of the foregoing, the conveyance
or transfer (by lease, assignment, sale or otherwise) of the properties and assets of one or
more Subsidiaries (other than to the Company or another wholly owned Subsidiary), which, if such
assets were owned by the Company, would constitute all or substantially all of the properties
and assets of the Company, shall be deemed to be the conveyance or transfer of all or
substantially all of the properties and assets of the Company.

          The successor person formed by such consolidation or into which the Company is merged or the
successor person to which such conveyance or transfer is made shall succeed to, and be substituted
for, and may exercise every right and power of the Company under this Indenture with the same
effect as if such successor had been named as the Company herein; and thereafter, except in the
case of a lease of its properties and assets substantially as an entirety, the Company shall be
discharged from all obligations and covenants under this Indenture, the

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Securities and coupons. The Trustee shall enter into a supplemental indenture to evidence the
succession and substitution of such successor person and such discharge and release of the Company.

ARTICLE SIX

Defaults and Remedies

SECTION 601. Events of Default.

          Unless otherwise specified as contemplated by Section 203(a) with respect to any series of
securities, an “Event of Default” occurs, with respect to each series of the Securities
individually, if:

     (1) the Company defaults in the payment of interest upon any Security of such series when
the same becomes due and payable, and such default continues for a period of 30 days;

     (2) the Company defaults in the payment of the principal or any premium of any Security of
such series when due by declaration, when called for redemption or otherwise;

     (3) the Company fails to perform or the Company breaches any covenant or warranty in the
Securities or this Indenture and applicable to the Securities, continuing for 90 days after
notice to the Company by the Trustee or by Holders of at least 25% in principal amount of the
outstanding Securities;

     (4) there shall have been the entry by a court of competent jurisdiction of (a) a decree or
order for relief in respect of the Company in an involuntary case or proceeding under any
applicable Bankruptcy Law or (b) a decree or order adjudging the Company bankrupt or insolvent,
or seeking reorganization, arrangement, adjustment or composition of or in respect of the
Company under any applicable federal or state law, or appointing a custodian, receiver,
liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or of any
substantial part of its property, or ordering the wind up or liquidation of its affairs, and any
such decree or order for relief shall continue to be in effect, or any such other decree or
order shall be unstayed and in effect, for a period of 90 consecutive days;

     (5) (a) the Company commences a voluntary case or proceeding under any applicable
Bankruptcy Law or any other case or proceeding to be adjudicated bankrupt or insolvent, (b) the
Company consents to the entry of a decree or order for relief in respect of the Company in an
involuntary case or proceeding under any applicable Bankruptcy Law or to the commencement of any
bankruptcy or insolvency case or proceeding against it, (c) the Company files a petition or
answer or consent seeking reorganization or substantially comparable relief under any applicable
federal or state law, (d) the Company (x) consents to the filing of such petition or the
appointment of, or taking possession by, a custodian, receiver, liquidator, assignee, trustee,
sequestrator or similar official of the Company or of any substantial part of its property, (y)
makes an assignment for the benefit of creditors or (z) admits in writing its inability to pay
its debts generally as they become due or (e) the Company takes any corporate action in
furtherance of any such actions in this clause (4); and

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

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

          A Default under clause (2) above is not an Event of Default until the Trustee notifies the
Company, or the Holders of at least 25% in aggregate Principal Amount of the Outstanding Securities
of such series notify the Company and the Trustee, of the Default and the Company does not cure
such Default within the time specified in clause (2) above after receipt of such notice. Any such
notice must specify the Default, demand that it be remedied and state that such notice is a “Notice
of Default.”

SECTION 602. Acceleration.

          If an Event of Default with respect to Securities of any series at the time Outstanding (other
than an Event of Default specified in Section 601(3) or (4)) occurs and is continuing, the Trustee
by notice to the Company, or the Holders of at least 25% in aggregate Principal Amount of the
Outstanding Securities of that series by notice to the Company and the Trustee, may declare the
Principal Amount (or, if any of the Securities of that series are Discount Securities, such portion
of the Principal Amount of such Securities as may be specified in the terms thereof) of all the
Securities of that series to be immediately due and payable. Upon such a declaration, such
Principal (or portion thereof) shall be due and payable immediately. If an Event of Default
specified in Section 601(3) or (4) occurs and is continuing, the Principal (or portion thereof) of
all the Securities of that series shall become and be immediately due and payable without any
declaration or other act on the part of the Trustee or any Securityholders. The Holders of a
majority in aggregate Principal Amount of the Outstanding Securities of any series, by notice to
the Trustee (and without notice to any other Securityholder) may rescind an acceleration with
respect to that series and its consequences if the rescission would not conflict with any judgment
or decree and all existing Events of Default with respect to Securities of such series have been
cured or waived except nonpayment of the Principal (or portion thereof) of Securities of such
series that has become due solely as a result of such acceleration and if all amounts due to the
Trustee under Section 707 have been paid. No such rescission shall affect any subsequent Default
or impair any right consequent thereto.

SECTION 603. Other Remedies.

          If an Event of Default with respect to a series of Outstanding Securities occurs and is
continuing, the Trustee may pursue any available remedy to (a) collect the payment of the whole
amount then due and payable on such Securities for Principal and interest, with interest upon the
overdue Principal and, to the extent that payment of such interest shall be legally enforceable,
upon overdue installments of interest from the date such interest was due, at the rate or rates
prescribed therefor in such Securities and, in addition thereto, such further amount as shall be
sufficient to cover the costs and expenses of collection, including amounts due the Trustee under
Section 707 or (b) enforce the performance of any provision of the Securities or this Indenture.

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

SECTION 604. Waiver of Past Defaults.

          The Holders of a majority in aggregate Principal Amount of the Outstanding Securities of any
series, by notice to the Trustee (and without notice to any other Securityholder), may on behalf of
the Holders of all the Securities of such series and any related coupons waive an existing Default
with respect to such series and its consequences except (1) an Event of Default described in
Section 601(1) with respect to such series or (2) a Default in respect of a provision that under
Section 902 cannot be amended without the consent of the Holder of each Outstanding Security of
such series affected. When a Default is waived, it is deemed cured, but no such waiver shall
extend to any subsequent or other Default or impair any consequent right.

SECTION 605. Control by Majority.

          The Holders of a majority in aggregate Principal Amount of the Outstanding Securities of any
series may direct the time, method and place of conducting any proceeding for any remedy available
to the Trustee or of exercising any trust or power conferred on the Trustee with respect to the
Securities of such series. However, the Trustee may refuse to follow any direction that conflicts
with law or this Indenture or that the Trustee determines in good faith is unduly prejudicial to
the rights of other Securityholders or would involve the Trustee in personal liability.

SECTION 606. Limitation on Suits.

          A Holder of any Security of any series or any related coupons may not pursue any remedy with
respect to this Indenture or the Securities unless:

     (1) the Holder gives to the Trustee written notice stating that an Event of Default with
respect to the Securities of that series is continuing;

     (2) the Holders of at least 25% in aggregate Principal Amount of the Outstanding Securities
of that series make a written request to the Trustee to pursue the remedy;

     (3) such Holder or Holders offer to the Trustee security or indemnity reasonably
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
notice, the request and the offer of security or indemnity; and

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

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          A Securityholder may not use this Indenture to prejudice the rights of any other
Securityholder or to obtain a preference or priority over any other Securityholder. A
Securityholder may not enforce this Indenture or the Securities except as herein provided.

SECTION 607. Rights of Holders to Receive Payment.

          Notwithstanding any other provision of this Indenture, the right, which is absolute and
unconditional, of any Holder of any Security or coupon to receive payment of the Principal of and
(subject to Section 213) interest on such Security or payment of such coupon on the Stated Maturity
or Maturities expressed in such Security or coupon (or, in the case of redemption, on the
Redemption Date) held by such Holder, on or after the respective due dates expressed in the
Securities or any Redemption Date, or to bring suit for the enforcement of any such payment on or
after such respective dates, shall not be impaired or affected adversely without the consent of
each such Holder.

SECTION 608. Collection Suit by Trustee.

          If an Event of Default described in Section 601(1) with respect to Securities of any series
occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an
express trust against the Company for the whole amount owing with respect to such series of
Securities and the amounts provided for in Section 707.

SECTION 609. Trustee May File Proofs of Claim.

          In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the
Company or any other obligor upon the Securities or the property of the Company or of such other
obligor or their creditors, the Trustee (irrespective of whether the Principal of the Securities
shall then be due and payable as therein expressed or by declaration or otherwise and irrespective
of whether the Trustee shall have made any demand on the Company for the payment of overdue
Principal or interest) shall be entitled and empowered, by intervention in such proceeding or
otherwise,

     (a) to file and prove a claim for the whole amount of Principal and interest owing and
unpaid in respect of the Securities and to file such other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for the
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and
any other amount due the Trustee under Section 707) and of the Holders of Securities and coupons
allowed in such judicial proceeding, and

     (b) to collect and receive any moneys or other property payable or deliverable on any such
claims and to distribute the same;

and any Custodian, receiver, assignee, trustee, liquidator, sequestrator or similar official in any
such judicial proceeding is hereby authorized by each Holder of Securities and coupons to make such
payments to the Trustee and, in the event that the Trustee shall consent to the making of such
payments directly to the Holders of Securities and coupons, to pay the Trustee any amount

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due 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 707.

          Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to
or accept or adopt on behalf of any Holder of a Security or coupon any plan of reorganization,
arrangement, adjustment or composition affecting the Securities or coupons or the rights of any
Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder of a
Security or coupon in any such proceeding.

SECTION 610. Priorities.

          If the Trustee collects any money pursuant to this Article 6, it shall pay out the money in
the following order and, in case of the distribution of such money on account of Principal or
interest, upon presentation of the Securities or coupons, or both, as the case may be, and the
notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

     FIRST: to the Trustee for amounts due under Section 707;

     SECOND: to Securityholders for amounts due and unpaid for the Principal and interest
on the Securities and interest evidenced by coupons in respect of which or for the benefit
of which such money has been collected, ratably, without preference or priority of any kind,
according to the amounts due and payable on such Securities and coupons for Principal and
interest, respectively; and

     THIRD: the balance, if any, to the Company.

          The Trustee may fix a record date and payment date for any payment to Securityholders pursuant
to this Section 610. At least 15 days before such record date, the Company shall mail to each
Securityholder and the Trustee a notice that states the record date, the payment date and amount to
be paid.

SECTION 611. Undertaking for Costs.

          In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may
require the filing by any party litigant (other than the Trustee) 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 and expenses, 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
611 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 607 or a suit
by Holders of more than 10% in aggregate Principal Amount of the Outstanding Securities of any
series, or to any suit instituted by any Holder of any Security or coupon for the enforcement of
the payment of the Principal of or interest on any Security or the payment of any coupon on or
after the Stated Maturity or Maturities expressed in such Security or coupon (or, in the case of
redemption, on or after the Redemption Date).

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SECTION 612. Waiver of Stay, Extension or Usury Laws.

          The Company covenants (to the extent that it may lawfully do so) that it will not at any time
insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any
stay or extension law or any usury or other law wherever enacted, now or at any time hereafter in
force, which may affect the covenants or the performance of this Indenture; and the Company (to the
extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such
law, and covenants that it will not hinder, delay or impede the execution of any power herein
granted to the Trustee, but will suffer and permit the execution of every such power as though no
such law had been enacted.

ARTICLE SEVEN

Trustee

SECTION 701. Duties of Trustee.

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

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

     (1) the Trustee need perform only those duties that are specifically set forth in this
Indenture and no others; 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, with respect to any certificates or opinions specifically required to be furnished to
the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not
they conform to the requirements of this Indenture.

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

     (1) this paragraph (c) does not limit the effect of paragraph (b) of this Section 701;

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

     (3) the Trustee shall not be liable with respect to any action it takes or omits to take in
good faith in accordance with a direction received by it pursuant to Section 605 or exercising
any trust or power conferred upon the Trustee under this Indenture.

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          (d) Every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b), (c) and (e) of this Section 701 and to Section 702 in its entirety.

          (e) The Trustee may refuse to perform any duty or exercise any right or power or extend or
risk its own funds or otherwise incur any financial liability unless it receives indemnity
satisfactory to it against any loss, liability or expense.

          (f) Money held by the Trustee in trust hereunder need not be segregated from other funds
except to the extent required by law. The Trustee shall not be liable for any interest on any
money received by it except as the Trustee may otherwise agree in writing with the Company.

SECTION 702. 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 an Officers’ Certificate
or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take
in good faith in reliance on such Officers’ Certificate or Opinion of Counsel.

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

          (d) Subject to the provisions of Section 701(c), 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.

          (e) Subject to the provisions Section 701, the Trustee may conclusively rely and shall be
protected in acting or refraining from acting upon any resolution, Officers’ Certificate, Opinion
of Counsel (or both), Company Order or any other certificate, statement, instrument, opinion
report, notice, request, consent, order, bond, debenture, note, coupon, security or other paper
believed to be genuine and to have been signed or presented by the proper party or parties.

          (f) Any request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect thereof be
herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to
the Trustee by a copy thereof certified by the secretary or an assistant secretary of the Company.

          (g) The Trustee may consult with counsel of its selection and any written advice or Opinion of
Counsel shall, subject to the provisions of Section 701, be full and complete authorization and
protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good
faith and in reliance thereon in accordance with such advice or Opinion of Counsel.

          (h) The Trustee shall be under no obligation to exercise any of the trusts or powers vested in
it by this Indenture at the request, order or direction of any of the Securityholders pursuant to
the provisions of this Indenture, unless such Securityholders shall have offered to the

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Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and
liabilities which might be incurred therein or thereby.

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

          (j) The rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and shall be
enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and
other Person employed to act hereunder.

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

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

SECTION 703. Individual Rights of Trustee, etc.

          The Trustee in its individual or any other capacity may become the owner or pledgee of
Securities or coupons and may otherwise deal with the Company or its Affiliates with the same
rights it would have if it were not Trustee. Any Paying Agent, Registrar or co-registrar or any
other agent of the Company may do the same with like rights. However, the Trustee must comply with
Sections 710 and 711.

SECTION 704. Trustee’s Disclaimer.

          The recitals contained herein and in the Securities, except the Trustee’s certificate of
authentication, shall be taken as the statements of the Company, and the Trustee assumes no
responsibility for the correctness of the same. The Trustee makes no representation as to the
validity or adequacy of this Indenture or the Securities or coupons. The Trustee shall not be
accountable for the Company’s use of the proceeds from the Securities and, shall not be responsible
for any statement in the registration statement for the Securities under the Securities Act or in
the Indenture or the Securities or any coupons (other than its certificate of authentication) or
for the determination as to which beneficial owners are entitled to receive any notices hereunder.

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SECTION 705. Notice of Defaults.

          If a Default with respect to the Securities of any series occurs and is continuing and if it
is known to a Trust Officer, the Trustee shall give to each Holder of Securities of such series
notice of such Default in the manner set forth in TIA Section 315(b) within 90 days after it
occurs. Except in the case of a Default described in Section 601(1) with respect to any Security
of such series or a Default in the payment of any sinking fund installment with respect to any
Security of such series, the Trustee may withhold the notice if and so long as a committee of its
Trust Officers in good faith determines that withholding the notice is in the interests of the
Holders of Securities of such series.

SECTION 706. Reports by Trustee to Holders.

          Within 60 days after each September 15 beginning with the September 15 following the date of
this Indenture, the Trustee shall mail to each Holder of Securities a brief report dated as of such
September 15 that complies with TIA Section 313(a), if required by such Section 313(a). The
Trustee also shall comply with TIA Section 313(b) and (c).

          A copy of each report at the time of its mailing to Holders of Securities shall be filed with
the SEC and each stock exchange on which the Securities of that series may be listed. The Company
agrees to notify promptly the Trustee whenever the Securities of a particular series become listed
on any stock exchange and of any delisting thereof.

SECTION 707. Compensation and Indemnity.

     The Company agrees:

     (a) to pay to the Trustee from time to time such compensation for all services rendered by
it hereunder as the parties shall agree to from time to time (which compensation shall not be
limited by any provision of law in regard to the compensation of a trustee of an express trust);

     (b) except as otherwise expressly provided herein, to reimburse the Trustee for all
reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance
with any provision of this Indenture (including the reasonable compensation and the expenses,
advances and disbursements of its agents and counsel), except any such expense, disbursement or
advance as may be attributable to its negligence or bad faith; and

     (c) to indemnify each of the Trustee and any predecessor trustee for, and to hold it
harmless against, any loss, liability, damage, claim or expense, including taxes (other than
taxes based on the income of the Trustee) incurred without negligence or bad faith on its part,
arising out of or in connection with the acceptance or administration of this trust, including
the costs and expenses of defending itself against any claim whether asserted by the Company, a
Holder or any other Person or liability in connection with the exercise or performance of any of
its powers or duties hereunder.

          To secure the Company’s payment obligations in this Section 707, the Trustee shall have a lien
prior to the Securities and any coupons on all money or property held or collected by the

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Trustee, except that held in trust to pay the Principal of or interest, if any, on particular
Securities or for the payment of particular coupons.

          The Company’s payment obligations pursuant to this Section 707 shall survive the discharge of
this Indenture. When the Trustee incurs expenses after the occurrence of a Default specified in
Section 601(3) or (4), the expenses are intended to constitute expenses of administration under any
Bankruptcy Law.

SECTION 708. Replacement of Trustee.

          The Trustee may resign by so notifying the Company; provided, however, no such resignation
shall be effective until a successor Trustee has accepted its appointment pursuant to this Section
708. The Holders of a majority in aggregate Principal Amount of the Outstanding Securities of any
series at the time outstanding may remove the Trustee with respect to the Securities of such series
by so notifying the Trustee. The Company shall remove the Trustee if:

     (1) the Trustee fails to comply with Section 710;

     (2) the Trustee is adjudged bankrupt or insolvent;

     (3) a receiver 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 the Trustee for any reason, with respect to the
Securities of one or more series, the Company shall promptly appoint, by resolution of its Board
of Directors, a successor Trustee with respect to the Securities of that or those series (it
being understood that any such successor Trustee may be appointed with respect to the Securities
of one or more or all of such series and that at any time there shall be only one Trustee with
respect to the Securities of any series).

          If the Trustee for the Securities of any series shall resign, be removed or become incapable
of acting, or if a vacancy shall occur in the office of the Trustee for the Securities of any
series for any cause, the Company, by a Board Resolution, shall promptly appoint a successor
Trustee with respect to the Securities of such series.

          In the case of the appointment hereunder of a successor Trustee with respect to all
Securities, every such successor Trustee shall deliver a written acceptance of its appointment to
the retiring Trustee and to the Company. Thereupon, the resignation or removal of the retiring
Trustee shall become effective and the successor Trustee shall have all the rights, powers and
duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its
succession to Holders of Securities of the particular series with respect to which such successor
Trustee has been appointed. 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 707.

          In case of the appointment hereunder of a successor Trustee with respect to the Securities of
one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with
respect to the Securities of one or more series shall execute and deliver an indenture supplemental
hereto wherein each successor Trustee shall accept such appointment and which

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(1) shall contain such provisions as shall be necessary or desirable to transfer and confirm
to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series to which the appointment of
such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all
Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that
all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of
that or those series as to which the retiring Trustee is not retiring shall continue to be vested
in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as
shall be necessary to provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, it being understood that nothing herein or in such supplemental indenture shall
constitute such Trustees as co-Trustees of the same trust and that each such Trustee shall be
trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee; and upon the execution and delivery of such supplemental
indenture the resignation or removal of the retiring Trustee shall become effective to the extent
provided therein and each such successor Trustee, without any further act, deed or conveyance,
shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with
respect to the Securities of that or those series to which the appointment of such successor
Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee
shall duly assign, transfer and deliver to such successor Trustee all property and money held by
such retiring Trustee hereunder with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates, subject, nevertheless, to its lien, if any, provided
for in Section 707.

          If a successor Trustee with respect to the Securities of any series does not take office
within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company
or the Holders of a majority in aggregate Principal Amount of the Outstanding Securities of such
series at the time outstanding may petition, at the expense of the Company, any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Securities of such
series.

          If the Trustee fails to comply with Section 710, any Holder of a Security of such series may
petition any court of competent jurisdiction for the removal of such Trustee and the appointment of
a successor Trustee.

SECTION 709. Successor Trustee by Merger.

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

SECTION 710. Eligibility; Disqualification.

     The Trustee shall at all times satisfy the requirements of TIA Section 310(a)(1) and
310(a)(5). The Trustee shall have a combined capital and surplus of at least $50,000,000 as set
forth in its most recent published annual report of condition. The Trustee shall comply with TIA
Section 310(b), including the optional provision permitted by the second sentence of TIA Section
310(b)(9). In determining whether the Trustee has conflicting interests as defined in TIA

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Section 310(b)(1), the provisions contained in the proviso to TIA Section 310(b)(1) shall be
deemed incorporated herein.

SECTION 711. Preferential Collection of Claims Against Company.

          The Trustee shall comply with 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 EIGHT

Satisfaction and Discharge

SECTION 801. Discharge of Liability on Securities.

          Except as otherwise contemplated by Section 203(a), when (a) the Company delivers to the
Trustee all Outstanding Securities or all Outstanding Securities of any series, as the case may be,
theretofore authenticated and delivered and all coupons, if any, appertaining thereto (other than
(i) Securities or Securities of such series, as the case may be, and coupons, if any, which have
been destroyed, lost or stolen and which have been replaced or paid as provided in Section 209,
(ii) coupons, if any, appertaining to Securities or Securities of such series, as the case may be,
called for redemption and maturing after the relevant Redemption Date, whose surrender has been
waived as provided in Section 304, and (iii) Securities or Securities of such series, as the case
may be, and coupons, if any, for whose payment money has theretofore been deposited in trust or
segregated and held in trust by the Company and thereafter repaid to the Company or discharged from
such trust, as provided in Section 204) for cancellation or (b) all Outstanding Securities have
become due and payable and the Company deposits with the Trustee cash sufficient to pay at Stated
Maturity the Principal Amount of all Principal of and interest on Outstanding Securities or all
Outstanding Securities of such series (other than Securities replaced pursuant to Section 209), and
if in either case the Company pays all other sums payable hereunder by the Company, then this
Indenture shall, subject to Section 707, cease to be of further effect as to all Outstanding
Securities or all Outstanding Securities of any series, as the case may be. The Trustee shall join
in the execution of a document prepared by the Company acknowledging satisfaction and discharge of
this Indenture on demand of the Company accompanied by an Officers’ Certificate and Opinion of
Counsel and at the cost and expense of the Company.

SECTION 802. Repayment to the Company.

          At the request of the Company, the Trustee and the Paying Agent shall return to the Company on
Company Request any money held by them for the payment of any amount with respect to the Securities
that remains unclaimed for two years; provided, however, that the Trustee or such Paying Agent,
before being required to make any such return, shall, at the expense and direction of the Company,
cause to be published once in an Authorized Newspaper in each Place of Payment of or mail to each
such Holder notice that such money remains unclaimed and that, after a date specified therein,
which shall not be less than 30 days from the date of such publication or mailing, any unclaimed
money then remaining will be returned to the

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Company. After return 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.

SECTION 803. Option to Effect Defeasance or Covenant Defeasance.

          Unless otherwise specified as contemplated by Section 203(a) with respect to Securities of a
particular series, the Company, may at its option, by Board Resolution, at any time, with respect
to any series of Securities, elect to have either Section 804 or Section 805 be applied to all of
the outstanding Securities of any series (the “Defeased Securities”), upon compliance with the
conditions set forth in this Article VIII.

SECTION 804. Defeasance and Discharge.

          Upon the Company’s exercise under Section 803 of the option applicable to this Section 804,
the Company shall be deemed to have been discharged from its obligations with respect to the
Defeased Securities on the date the conditions set forth below in Section 806 are satisfied
(hereinafter “defeasance”). For this purpose, such defeasance means that the Company shall be
deemed to have paid and discharged the entire indebtedness represented by the defeased Securities,
which shall thereafter be deemed to be “outstanding” only for the purposes of Sections 204, 205,
206, 209, 211, 212, 401, 405, 606, 607, 707, 708 and 802 of this Indenture and to have satisfied
all its other obligations under such series of Securities and this Indenture and cured all existing
Events of Default insofar as such series of Securities are concerned (and the Trustee, at the
expense of the Company, and, upon written request, shall execute proper instruments acknowledging
the same). Subject to compliance with this Article VIII, the Company may exercise its option under
this Section 804 notwithstanding the prior exercise of its option under Section 805 with respect to
a series of Securities.

SECTION 805. Covenant Defeasance.

          Upon the Company’s exercise under Section 803 of the option applicable under this Section 805,
the Company shall be released from its obligations under Sections 403, 407 and 408 and Article V
and such other provisions as may be provided as contemplated by Section 203(a) with respect to
Securities of a particular series and with respect to the Defeased Securities on and after the date
the conditions set forth below in Section 806 are satisfied (hereinafter “covenant defeasance”),
and the Defeased Securities shall thereafter be deemed to be not “outstanding” for the purposes of
any direction, waiver, consent or declaration or act of Holders (and the consequences if any
thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all
other purposes hereunder. For this purpose, such covenant defeasance means that, with respect to
the Defeased Securities, the Company may omit to comply with and shall have no liability in respect
of any term, condition or limitation set forth in any such Section or Article described in this
Section 805, whether directly or indirectly, by reason of any reference elsewhere herein to any
such Section or Article described in this Section 805 or by reason of any reference in any such
Section or Article described in this Section 805 to any other provisions herein or in any other
document and such omission to comply shall not constitute a Default or an Event of Default under
Section 601 but, except as specified above, the remainder of this Indenture and such Defeased
Securities shall be unaffected thereby.

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SECTION 806. Conditions to Defeasance or Covenant Defeasance.

          The following shall be the conditions to application of either Section 804 or Section 805 to a
series of outstanding Securities.

     (a) The Company shall have irrevocably deposited with the Trustee, in trust, (i) sufficient
funds as certified by an independent firm of certified public accountants in the currency or
currency unit in which the Securities of such series are denominated to pay the Principal of and
interest to Stated Maturity (or redemption) on, the Debt Securities of such series, or (ii) such
amount of direct obligations of, or obligations the principal of and interest on which are fully
guaranteed by, the government which issued the currency in which the Securities of such series
are denominated, and which are not subject to prepayment, redemption or call, as will, together
with the predetermined and certain income to accrue thereon without consideration of any
reinvestment thereof, be sufficient as certified by an independent firm of certified public
accountants to pay when due the Principal of, and interest to Stated Maturity (or redemption)
on, the Debt Securities of such series.

     (b) The Company shall (i) have delivered an opinion of counsel that the Holders of the
Securities of such series will not recognize income, gain or loss for United States Federal
income tax purposes as a result of such defeasance, and will be subject to tax in the same
manner as if no defeasance and discharge or covenant defeasance, as the case may be, had
occurred or (ii) in the case of an election under Section 804 the Company shall have delivered
to the Trustee an Opinion of Counsel to the effect that (A) the Company has received from, or
there has been published by, the Internal Revenue Service a ruling or (B) since the date this
Indenture was first executed, there has been a change in the applicable Federal income tax law,
in either case to the effect that, and based thereon such Opinion of Counsel in the United
States shall confirm that, the holders of Outstanding Securities of that particular series will
not recognize income, gain or loss for Federal income tax purposes as a result of such
defeasance.

ARTICLE NINE

Supplemental Indentures

SECTION 901. Supplemental Indentures without Consent of Holders.

          Without the consent of any Holders of Securities or coupons, the Company and the Trustee, at
any time and from time to time, may enter into one or more indentures supplemental hereto, in form
satisfactory to the Trustee, for any of the following purposes:

     (1) to evidence the succession of another corporation to the Company and the assumption by
any such successor of the covenants of the Company herein and in the Securities; or

     (2) to add to the covenants, agreements and obligations of the Company for the benefit of
the Holders of all of the Securities or any series thereof, or to surrender any right or power
herein conferred upon the Company; or

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     (3) to establish the form or terms of Securities of any series and any related coupons as
permitted by Sections 201 and 203(a), respectively; or

     (4) 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 708; or

     (5) to cure any ambiguity, defect or inconsistency; or

     (6) to add to, change or eliminate any of the provisions of this Indenture (which addition,
change or elimination may apply to one or more series of Securities), provided, that any such
addition, change or elimination shall neither (A) apply to any Security of any series created
prior to the execution of such supplemental indenture and entitled to the benefit of such
provision nor (B) modify the rights of the Holder of any such Security with respect to such
provision; or

     (7) to secure the Securities; or

     (8) to make any other change that does not adversely affect the rights of any
Securityholder.

SECTION 902. Supplemental Indentures with Consent of Holders.

          With the written consent of the Holders of at least a majority in aggregate Principal Amount
of the Outstanding Securities of each series affected by such supplemental indenture, the Company
and the Trustee may amend this Indenture or the Securities of any series or may enter into an
indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner
the rights of the Holders of the Securities of such series and any related coupons under this
Indenture; provided, however, that no such amendment or supplemental indenture shall, without the
consent of the Holder of each Outstanding Security affected thereby:

     (1) change the Stated Maturity of the Principal of, or any installment of Principal or
interest on, any such Security, or reduce the Principal Amount thereof or the rate of interest
thereon or any premium payable upon redemption thereof or reduce the amount of Principal of any
such Discount Security that would be due and payable upon a declaration of acceleration of
maturity thereof pursuant to Section 602, or change the Place of Payment, or change the coin or
currency in which, any Principal of, or any installment of interest on, any such Security is
payable, or impair the right to institute suit for the enforcement of any such payment on or
after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption
Date);

     (2) reduce the percentage in Principal Amount of the Outstanding Securities of any series,
the consent of whose Holders is required for any such amendment or supplemental indenture, or
the consent of whose Holders is required for any waiver (of compliance with

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certain provisions of this Indenture or certain Defaults hereunder and their consequences)
with respect to the Securities of such series provided for in this Indenture; or

     (3) modify any of the provisions of this Section, Section 604 or 607, except to increase
the percentage of Outstanding Securities of such series required for such actions to provide
that certain other provisions of this Indenture cannot be modified or waived without the consent
of the Holder of each Outstanding Security affected thereby.

          A supplemental indenture which changes or eliminates any covenant or other provision of this
Indenture which has expressly been included solely for the benefit of one or more particular series
of Securities, or which modifies the rights of the Holders of Securities of such series with
respect to such covenant or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Securities of any other series.

          It shall not be necessary for the consent of the Holders under this Section 902 to approve the
particular form of any proposed amendment or supplemental indenture, but it shall be sufficient if
such consent approves the substance thereof.

          After an amendment or supplemental indenture under this Section 902 becomes effective, the
Company shall mail to each Holder of the particular Securities affected thereby a notice briefly
describing the amendment.

SECTION 903. Compliance with Trust Indenture Act.

          Every supplemental indenture executed pursuant to this Article shall comply with the TIA as
then in effect.

SECTION 904. Revocation and Effect of Consents, Waivers and Actions.

          Until an amendment or waiver with respect to a series of Securities becomes effective, a
consent to it or any other action by a Holder of a Security of that series hereunder is a
continuing consent by the Holder and every subsequent Holder of that Security or portion of that
Security that evidences the same obligation as the consenting Holder’s Security, even if notation
of the consent, waiver or action is not made on the Security. However, any such Holder or
subsequent Holder may revoke the consent, waiver or action as to such Holder’s Security or portion
of the Security if the Trustee receives the notice of revocation before the Company or an agent of
the Company certifies to the Trustee that the consent of the requisite aggregate Principal Amount
of the Securities of that series has been obtained. After an amendment, waiver or action becomes
effective, it shall bind every Holder of Securities of that series.

          The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to consent to any amendment or waiver with respect to a series of
Securities. If a record date is fixed, then notwithstanding the first two sentences of the
immediately preceding paragraph, those persons who were Holders of Securities of that series at
such record date (or their duly designated proxies), and only those persons, shall be entitled to
revoke any consent previously given, whether or not such persons continue to be Holders after such
record date. No such consent shall be valid or effective for more than 90 days after such record
date.

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SECTION 905. Notation on or Exchange of Securities.

          Securities of any series authenticated and delivered after the execution of any supplemental
indenture with respect to such series pursuant to this Article may, and shall if required by the
Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such
supplemental indenture. If the Company shall so determine, new Securities of such series so
modified as to conform, in the opinion of the Trustee and the Board of Directors, to any such
supplemental indenture may be prepared and executed by the Company and authenticated and delivered
by the Trustee in exchange for outstanding Securities of that series.

SECTION 906. Trustee to Sign Supplemental Indentures.

          The Trustee shall sign any supplemental indenture authorized pursuant to this Article 9 if the
amendment does not adversely affect the rights, duties, liabilities or immunities of the Trustee.
If it does, the Trustee may, but need not, sign it. In signing such amendment, the Trustee shall
be entitled to receive, and (subject to the provisions of Section 701) shall be fully protected in
relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such amendment is
authorized or permitted by this Indenture.

SECTION 907. Effect of Supplemental Indentures.

          Upon the execution of any supplemental indenture under this Article, this Indenture shall be
modified in accordance therewith, and such supplemental indenture shall form a part of this
Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated
and delivered hereunder shall be bound thereby, except to the extent otherwise set forth thereon.

ARTICLE TEN

[Reserved]

ARTICLE ELEVEN

Actions of Holders of Securities

SECTION 1101. Purposes for which Meetings may be Called.

          A meeting of Holders of Securities of any series may be called at any time and from time to
time pursuant to this Article to make, give or take any request, demand, authorization, direction,
notice, consent, waiver or other action provided by this Indenture to be made, given or taken by
Holders of Securities of such series.

SECTION 1102. Call, Notice and Place of Meetings.

          (a) The Trustee may at any time call a meeting of Holders of Securities of any series for any
purpose specified in Section 1101, to be held at such time and at such place in the

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Borough of Manhattan, The City of New York or, with the approval of the Company, at any other
place. Notice of every meeting of Holders of Securities of any series, setting forth the time and
the place of such meeting and in general terms the action proposed to be taken at such meeting,
shall be given, in the manner provided in Section 1202, not less than 21 nor more than 180 days
prior to the date fixed for the meeting.

          (b) In case at any time the Company or the Holders of at least 10% in Principal Amount of the
Outstanding Securities of any series shall have requested the Trustee to call a meeting of the
Holders of Securities of such series for any purpose specified in Section 1101, by written request
setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee
shall not have made the first publication of the notice of such meeting within 21 days after
receipt of such request or shall not thereafter proceed to cause the meeting to be held as provided
herein, then the Company or the Holders of Securities of such series in the amount above specified,
as the case may be, may determine the time and the place in the Borough of Manhattan, The City of
New York, or in such other place as shall be determined and approved by the Company, for such
meeting and may call such meeting for such purposes by giving notice thereof as provided in
subsection (a) of this Section 1102.

SECTION 1103. Persons Entitled to Vote at Meetings.

          To be entitled to vote at any meeting of Holders of Securities of any series, a person shall
be (1) a Holder of one or more Outstanding Securities of such series, or (2) a person appointed by
an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of
such series by such Holder or Holders. The only persons who shall be entitled to be present or to
speak at any meeting of Holders of Securities of any series shall be the persons entitled to vote
at such meeting and their counsel, any representatives of the Trustee and its counsel and any
representatives of the Company and its counsel.

SECTION 1104. Quorum; Action.

          The persons entitled to vote a majority in Principal Amount of the Outstanding Securities of a
series shall constitute a quorum for a meeting of Holders of Securities of such series. In the
absence of a quorum within 30 minutes of the time appointed for any such meeting, the meeting
shall, if convened at the request of Holders of Securities of such series, be dissolved. In any
other case, the meeting may be adjourned for a period determined by the chairman of the meeting
prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned
meeting, such adjourned meeting may be further adjourned for a period determined by the chairman of
the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any
adjourned meeting shall be given as provided in Section 1102(a), except that such notice need be
given only once not less than five days prior to the date on which the meeting is scheduled to be
reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the
percentage, as provided above, of the principal amount of the Outstanding Securities of such series
which shall constitute a quorum.

          Except as limited by the proviso to Section 902, any resolution presented to a meeting or
adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted by the
affirmative vote of the Holders of a majority in Principal Amount of the Outstanding

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Securities of that series; provided, however, that, except as limited by the proviso to
Section 902, any resolution with respect to any request, demand, authorization, direction, notice,
consent, waiver or other action which this Indenture expressly provides may be made, given or taken
by the Holders of a specified percentage, which is less than a majority, in Principal Amount of the
Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly
reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of
such specified percentage in Principal Amount of the Outstanding Securities of that series.

          Any resolution passed or decision taken at any meeting of Holders of Securities of any series
duly held in accordance with this Section shall be binding on all the Holders of Securities of such
series and the related coupons, whether or not present or represented at the meeting.

SECTION 1105. Determination of Voting Rights; Conduct and Adjournment of Meetings.

          (a) Notwithstanding any other provisions of this Indenture, the Trustee may make such
reasonable regulations as it may deem advisable for any meeting of Holders of Securities of a
series in regard to proof of the holding of Securities of such series and of the appointment of
proxies and in regard to the appointment and duties of inspectors of votes, the submission and
examination of proxies, certificates and other evidence of the right to vote, and such other
matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise
permitted or required by any such regulations, the holding of Securities shall be proved in the
manner specified in Section 1107 and the appointment of any proxy shall be proved in the manner
specified in Section 1107. Such regulations may provide that written instruments appointing
proxies, regular on their face, may be presumed valid and genuine without the proof specified in
Section 1107 or other proof.

          (b) The Trustee shall, by an instrument in writing, appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by Holders of Securities as
provided in Section 1102(b), in which case the Company or the Holders of Securities of the series
calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A
permanent chairman and a permanent secretary of the meeting shall be elected by vote of the persons
entitled to vote a majority in Principal Amount of the Outstanding Securities of such series
represented at the meeting.

          (c) At any meeting each Holder of a Security of such series or proxy shall be entitled to vote
with respect to the Outstanding Securities of such series held or represented by him; provided,
however, that no vote shall be cast or counted at any meeting in respect to any Security challenged
as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of
the meeting shall have no right to vote, except as a Holder of a Security of such series or proxy.

          (d) Any meeting of Holders of Securities of any series duly called pursuant to Section 1102 at
which a quorum is present may be adjourned from time to time by persons entitled to vote a majority
in Principal Amount of the Outstanding Securities of such series represented at the meeting; and
the meeting may be held as so adjourned without further notice.

SECTION 1106. Counting Votes and Recording Action of Meetings.

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          The vote upon any resolution submitted to any meeting of Holders of Securities of any series
shall be by written ballots on which shall be subscribed signatures of the Holders of Securities of
such series or of their representatives by proxy and the Principal Amounts and serial numbers of
the Outstanding Securities of such series held or represented by them. The permanent chairman of
the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for
or against any resolution and who shall make and file with the secretary of the meeting their
verified written reports in duplicate of all votes cast at the meeting. A record, at least in
duplicate, of the proceedings of each meeting of Holders of Securities of any series shall be
prepared by the secretary of the meeting and there shall be attached to said record the original
reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or
more persons having knowledge of the facts setting forth a copy of the notice of the meeting and
showing that said notice was given as provided in Section 1102 and, if applicable, Section 1104.
Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of
the meeting and one such copy shall be delivered to the Company, and another to the Trustee to be
preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting.
Any record so signed and verified shall be conclusive evidence of the matters therein stated.

SECTION 1107. Actions of Holders Generally.

          (a) Any request, demand, authorization, direction, notice, consent, waiver or other action
provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such Holders in person or by an agent
duly appointed in writing. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments or record or both are delivered to the Trustee and,
where it is hereby expressly required, to the Company. Proof of execution of any such instrument
or of a writing appointing any such agent, or of the holding by any person of a Security, shall be
sufficient for any purpose of this Indenture and (subject to Section 701) conclusive in favor of
the Trustee and the Company, if made in the manner provided in this Section. The record of any
meeting of Holders of Securities shall be proved in the manner provided in Section 1106.

          (b) The fact and date of the execution by any person of any such instrument or writing, or the
authority of the persons executing the same, may be proved in any reasonable manner which the
Trustee deems sufficient.

          (c) The Principal Amount and serial numbers of Registered Securities held by the person, and
the date of holding the same, shall be proved by the books of the Registrar.

          (d) Any request, demand, authorization, direction, notice, consent, waiver or other act of the
Holder of any Security in accordance with this Section shall bind every future Holder of the same
Security and the Holder of every Security issued upon the registration of transfer thereof or in
exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by
the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon
such Security.

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          (e) In the event of a solicitation from the Holders of any request, demand, authorization,
direction, notice, consent, waiver or other act in accordance with this Section, the Company may,
at its option, by or pursuant to an Officers’ Certificate delivered to the Trustee, fix in advance
a record date for the determination of Holders entitled to give such request, demand,
authorization, direction, notice, consent, waiver or such other act, but the Company shall have no
obligation to do so. If not set by the Company prior to the first solicitation of Holders of a
particular series made by any Person in respect of any such action, or in the case of any such
vote, prior to such vote, the record date for any such action or vote shall be 30 days prior to the
first solicitation of such vote or consent. If such a record date is fixed, such request, demand,
authorization, direction, notice, consent, waiver or other act may be given before or after such
record date, but only the Holders of record at the close of business on such record date shall be
deemed to be Holders for the purposes of determining whether Holders of the requisite percentage of
Outstanding Securities or Outstanding Securities of a series, as the case may be, have authorized
or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver
or other act, and for that purpose the Outstanding Securities or Outstanding Securities of the
series, as the case may be, shall be computed as of such record date; provided, that no such
authorization, agreement or consent by the Holders on the record date shall be deemed effective
unless such request, demand, authorization, direction, notice, consent, waiver or other act shall
become effective pursuant to the provisions of clause (a) of this Section 1107 not later than six
months after the record date.

ARTICLE TWELVE

Miscellaneous

SECTION 1201. Trust Indenture Act Controls.

          If any provision of this Indenture limits, qualifies or conflicts with another provision
hereof which is required to be included in this Indenture by the TIA, the required provision shall
control.

SECTION 1202. Notices.

          Any notice or communication shall be in writing and delivered in person or mailed by
first-class mail, postage prepaid; provided, that any notice or communication by and among the
Trustee and the Company may be made by telecopy or other commercially accepted electronic means and
shall be effective upon receipt thereof and shall be confirmed in writing, mailed by first-class
mail, postage prepaid, addressed as follows:

if to the Company:

The Dun & Bradstreet Corporation

103 JFK Parkway

Short Hills, New Jersey 07078

Attention: Treasurer

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if to the Trustee:

The Bank of New York

101 Barclay Street, 8 West

New York, New York 10286

Attention: Corporate Trust Trustee Administration

Facsimile: 212 815-5707

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

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

          Where this Indenture provides for notice in any manner, such notice may be waived in writing
by the person entitled to receive such notice, either before or after the event, and such waiver
shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver.

          Failure to mail a notice or communication to a Securityholder or any defect in it shall not
affect its sufficiency with respect to other Holders of Securities of the same series. If a notice
or communication is mailed in the manner provided above, it is duly given, whether or not received
by the addressee.

          If the Company mails a notice or communication to the Holders of Securities of a particular
series, it shall mail a copy to the Trustee and each Registrar, co-registrar or Paying Agent, as
the case may be, with respect to such series.

          In case by reason of the suspension of regular mail service or by reason of any other cause it
shall be impracticable to give notice to Holders of Registered Securities by mail, then such
notification as shall be made with the acceptance of the Trustee shall constitute a sufficient
notification for every purpose hereunder. In any case where notice to Holders of Registered
Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice
so mailed, to any particular Holder of a Registered Security shall affect the sufficiency of such
notice with respect to other Holders of Registered Securities given as provided herein.

          Any request, demand, authorization, direction, notice, consent or waiver required or permitted
under this Indenture shall be in the English language, except that any published notice may be in
an official language of the country of publication.

SECTION 1203. Communication by Holders with Other Holders.

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

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SECTION 1204. Certificate and Opinion as to Conditions Precedent.

          Upon any request or application by the Company to the Trustee to take any action under this
Indenture, the Company shall furnish to the Trustee:

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

     (2) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions
precedent have been complied with, provided, however, that such Opinion of Counsel shall not be
required in connection with the initial issuance of Securities hereunder.

SECTION 1205. Statements Required in Certificate or Opinion.

          Each Officer’s Certificate or Opinion of Counsel with respect to compliance with a covenant or
condition provided for in this Indenture shall include:

     (1) statement that each person making such Officers’ Certificate or Opinion of Counsel 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 Officers’ Certificate or Opinion of Counsel
are based;

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

     (4) a statement that, in the opinion of such person, such covenant or condition has been
complied with.

SECTION 1206. Separability Clause.

          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 not in
any way be affected or impaired thereby.

SECTION 1207. Rules by Trustee, Paying Agent and Registrar.

          With respect to the Securities of a particular series, the Trustee with respect to such series
of Securities may make reasonable rules for action by or a meeting of Holders of such series of
Securities. With respect to the Securities of a particular series, the Registrar and the Paying
Agent with respect to such series of Securities may make reasonable rules for their functions.

SECTION 1208. Legal Holidays.

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          A “Legal Holiday” is any day other than a Business Day. If any specified date (including an
Interest Payment Date, Redemption Date or Stated Maturity of any Security, or a date for giving
notice) is a Legal Holiday at any Place of Payment or place for giving notice, then
(notwithstanding any other provision of this Indenture or of the Securities or coupons other than a
provision in the Securities of any series which specifically states that such provision shall apply
in lieu of this Section) payment of interest or Principal need not be made at such Place of
Payment, or such other action need not be taken, on such date, but the action shall be taken on the
next succeeding day that is not a Legal Holiday at such Place of Payment with the same force and
effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity or
such other date and to the extent applicable no Original Issue Discount or interest, if any, shall
accrue for the intervening period.

SECTION 1209. Governing Law and Jurisdiction.

          THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE COMPANY, THE TRUSTEE, AND EACH HOLDER OF A
SECURITY (BY ACCEPTANCE THEREOF) THEREBY, (I) SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE FEDERAL
AND NEW YORK STATE COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN CONNECTION
WITH ANY SUIT, ACTION OR PROCEEDING RELATED TO THIS INDENTURE, (II) IRREVOCABLY WAIVES ANY DEFENSE
OF LACK OF PERSONAL JURISDICTION IN SUCH SUITS AND (III) IRREVOCABLY WAIVES TO THE FULLEST EXTENT
IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO
THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING BROUGHT IN THE FEDERAL AND NEW YORK STATE
COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK AND (C) THAT SUCH SUIT, ACTION
OR PROCEEDING HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

SECTION 1210. No Recourse Against Others.

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

SECTION 1211. Successors.

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

SECTION 1212. Effect of Headings and Table of Contents.

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

52

 

SECTION 1213. Benefits of Indenture.

          Nothing in this Indenture or in the Securities, express or implied, shall give to any person,
other than the parties hereto and their successors hereunder and the Holders of Securities, any
benefits or any legal or equitable right, remedy or claim under this Indenture.

SECTION 1214. Multiple Originals.

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

SECTION 1215. Waiver of Jury Trial.

          EACH OF THE COMPANY AND THE TRUSTEE IRREVOCABLY WAIVES, TO THE FULLEST EXTENT THAT IT MAY
EFFECTIVELY DO SO UNDER APPLICABLE LAW, TRIAL BY JURY.

53

 

          In Witness Whereof, the parties hereto have caused this Indenture to be executed all
as of this day and year first written above

	 	 	 	 	 
	 	 	THE DUN & BRADSTREET CORPORATION
	 
	 	 	 	 
	 

	 	By:	 	/s/  Sara Mathew	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	   Sara Mathew
	 

	 	Title:
	 	   Chief Financial
Officer, President 

   D&B International
	 
	 	 	 	 
	 

	 	By:	 	/s/  Kathy Guinnessey	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	   Kathy Guinnessey
	 

	 	Title:
	 	   Treasurer
	 
	 	 	 	 
	 	 	THE BANK OF NEW YORK, as Trustee
	 
	 	 	 	 
	 

	 	By:	 	/s/  Robert A. Massimillo	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	   Robert A. Massimillo
	 

	 	Title:
	 	   Vice President

54

 

Exhibit A

FORM OF NOTE

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME
OF CEDE & CO. OR 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.

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

 

 

THE DUN & BRADSTREET CORPORATION

5.50% Senior Notes due 2011

			
	CUSIP No.: 26483EAC4
	 	 Note No.: N-1
	ISIN No.:	 	 

          THE DUN & BRADSTREET CORPORATION, a corporation duly organized and existing under the laws of
the State of Delaware (herein called the “Company”, 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 as set forth in the attached Schedule of Increases and
Decreases on March 15, 2011, and to pay interest thereon from March 14, 2006 or from the most
recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on
March 15 and September 15 in each year, commencing September 15, 2006 , at the rate of 5.50% per
annum, until the principal hereof is paid or made available for payment. The interest so payable,
and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such
Indenture, be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date for such interest,
which shall be the March 1 or September 1 (whether or not a Business Day), as the case may be, next
preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided
for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be
paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be mailed to Holders of Securities of
this series not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the
Securities of this series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. Interest on the Securities of each series shall be
computed on the basis of a 360-day year of twelve 30-day months.

          Payment of the principal of (and premium, if any) and any such interest on this Security will
be made at the Corporate Trust Office of the Trustee in The Borough of Manhattan, The City of New
York, or at any other office or agency designated by the Company for such purpose, in such coin or
currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts; provided, however, that at the option of the Company payment of interest
may be made by check mailed to the address of the Person entitled thereto as such address shall
appear in the Security Register.

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

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

2

 

          IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	THE DUN & BRADSTREET CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/  Kathy Guinnessey	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Name:	 	Kathy Guinnessey	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Title:	 	Treasurer	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Attest:	 	/s/  Richard S. Mattessich, Esq.	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Richard S. Mattessich, Esq.
Associate General Counsel and
Assistant Corporate Secretary	 	 

3

 

CERTIFICATE OF AUTHENTICATION

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

Dated: March 14, 2006

	 	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK, as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/  Robert A. Massimillo	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Authorized Signatory	 	 

4

 

[REVERSE OF SECURITY]

          This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of
March 14, 2006 (herein called the “Indenture”, which term shall have the meaning assigned to it in
such instrument), between the Company and The Bank of New York, as Trustee (herein called the
“Trustee”, which term includes any 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 Company, the Trustee and the Holders of the Securities and of the
terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series designated on the face hereof, initially limited in aggregate principal amount to
$300,000,000, subject to certain exceptions referred to in the Indenture. In addition, the Company
may from time to time without the consent of the Holders of Securities create and issue further
securities having the same terms and conditions as the Securities in all respects (or in all
respects except for the issue date and issue price) and so that such further issue shall be
consolidated and form a single series with the outstanding securities of this series (including the
Securities) or upon such terms as the Company may determine at the time of their issue. References
herein to the Securities include (unless the context requires otherwise) any other securities
issued as described in this paragraph and forming a single series with the Securities.

          The Securities of this series are subject to redemption upon not less than 30 days’ and not
more than 60 days’ notice by mail, in whole or in part, at the option of the Company at any time
and from time to time, at a Redemption Price equal to the greater of (i) 100% of the principal
amount of the Securities to be redeemed and (ii) the sum of the present values of the remaining
scheduled payments of principal and interest in respect of the Securities to be redeemed (not
including any portion of such payments of interest accrued as of the date of redemption) discounted
to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day
months) at the Treasury Rate, plus 15 basis points plus, in each case, accrued interest thereon to
the Redemption Date.

          “Comparable Treasury Issue” means the United States Treasury security selected by the
Reference Treasury Dealers as having a maturity comparable to the remaining term of the Securities
to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to
the remaining term of the Securities.

          “Reference Treasury Dealer” means (i) each of Citigroup Global Markets Inc. and J.P. Morgan
Securities Inc. and their respective successors unless any of them shall cease to be a primary U.S.
Government securities dealer in New York City (a “Primary Treasury Dealer”), in which case the
Company shall substitute another Primary Treasury Dealer, and (ii) any other two Primary Treasury
Dealers selected by the Company.

          “Reference Treasury Dealer Quotations” means, with respect to the Reference Treasury Dealer
and any Redemption Date, the average, as determined by the Trustee, of the bid and asked prices for
the Comparable Treasury Issue (expressed in each case as a percentage of its

5

 

principal amount) quoted in writing to the Trustee by such Treasury Reference Dealer at 3:30
p.m., New York City time, on the third Business Day preceding such Redemption Date.

          “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the
semiannual equivalent yield to maturity (computed as of the third business day immediately
preceding that Redemption Date) of the Comparable Treasury Issue, assuming a price for the
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Reference Treasury Dealer Quotations for that redemption date. The Treasury Rate will be
calculated on the third Business Day preceding the redemption date.

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

          This Security shall have the benefit of the covenants and agreements set forth in the
Indenture. The Indenture contains provisions for defeasance of the entire indebtedness of this
Security or certain restrictive covenants with respect to this Security, in each case upon
compliance with certain conditions set forth in the Indenture.

          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.

          The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company 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 specified percentages in principal amount of the Securities of each series at the
time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and certain past defaults under the Indenture
and their consequences. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this Security and of any
Security issued upon the 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 provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding with respect to the Indenture or for the
appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall
have previously given 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
Securities of this series at the time Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
reasonable indemnity satisfactory to it, and the Trustee shall not have received from the Holders
of a majority in principal amount of Securities of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days

6

 

after receipt of such notice, request and offer of indemnity. The foregoing shall not apply
to any suit instituted by the Holder of this Security for the enforcement of any payment of
principal hereof or any premium or interest hereon on or after the respective due dates expressed
herein.

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

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

          The Securities of this series are issuable only in registered form without coupons in
denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and
subject to certain limitations therein set forth, Securities of this series are exchangeable for a
like aggregate principal amount of Securities of this series and of like tenor of a different
authorized denomination, as requested by the Holder surrendering the same.

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

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

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

          This Security shall be governed by, and construed and interpreted 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

 

SCHEDULE OF INCREASES OR DECREASES

The initial principal amount of this Global Note is

$300,000,000. The following increases or decreases in

this Global Note have been made:

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Principal	 	 
	 

	 	Amount of
	 	Amount of
	 	Amount of this
	 	Signature of
	 

	 	decrease in
	 	increase in
	 	Global Note
	 	authorized
	 

	 	Principal
	 	Principal
	 	following such
	 	signatory of
	Date of

	 	Amount of this
	 	Amount of this
	 	decrease or
	 	Trustee or Notes
	Exchange

	 	Global Note
	 	Global Note
	 	increase
	 	Custodian<PAGE>
                                                                     EXHIBIT 4.1

                          REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made as of this
10th day of March, 2006, by and among DUSA Pharmaceuticals, Inc., a publicly
traded pharmaceutical company incorporated in the State of New Jersey, with
principal offices at 25 Upton Drive, Wilmington, Massachusetts ("DUSA"), and the
shareholders of Sirius Laboratories, Inc., a privately held pharmaceutical
company incorporated in the State of Illinois ("Sirius"), named on the signature
pages attached hereto (each a "Participating Shareholder" and, collectively, the
"Participating Shareholders").

                                    RECITALS

     WHEREAS, pursuant to a Merger Agreement, dated December 30, 2005, by and
among DUSA, certain of the Participating Shareholders and Sirius, as amended by
the First Amendment to Merger Agreement, dated February 6, 2006 (as so amended,
the "Merger Agreement"), the Participating Shareholders will acquire DUSA
Shares;

     WHEREAS, to induce the Participating Shareholders to execute and deliver a
subscription agreement in accordance with the Merger Agreement and in accordance
with the terms of the Merger Agreement, DUSA has agreed to provide the
Participating Shareholders with certain registration rights with respect to the
DUSA Shares in the event a Registration Statement on Form S-4 has not been
prepared in accordance with the Merger Agreement;

     WHEREAS, a Registration Statement on Form S-4 has not been prepared in
accordance with the Merger Agreement;

     NOW, THEREFORE, in consideration of the foregoing, the premises and the
mutual covenants contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties hereby
agree as follows:

1. Definitions.

     As used in this Agreement, the following terms shall have the following
meanings:

     1.1 "Additional Registration Statement" has the meaning set forth in
Section 2.2 of this Agreement.

     1.2 "Business Day" means any day other than a Saturday, Sunday or federal
holiday.

     1.3 "Claims" has the meaning set forth in Section 6.1 of this Agreement.

     1.4 "DUSA Indemnitee" has the meaning set forth in Section 6.2 of this
Agreement.

     1.5 "DUSA Shares" means shares of common stock, no par value per share, of
DUSA, having the restrictions set forth in Sections 4.8 and 4.9 of the Merger
Agreement.

     1.6 "Effective Date" means the date that the applicable Registration
Statement is first declared effective by the SEC.

<PAGE>

     1.7 "Exchange Act" means the Securities Exchange Act of 1934, as amended
from time to time, and the rules and regulations promulgated thereunder.

     1.8 "Holders' Counsel" means law firm selected by the Shareholder
Representatives, on behalf of the Participating Shareholders, as provided in the
Merger Agreement.

     1.9 "Indemnified Damages" has the meaning set forth in Section 6.1 of this
Agreement.

     1.10 "Indemnified Person" has the meaning set forth in Section 6.1 of this
Agreement.

     1.11 "Initial Registration Statement" has the meaning set forth in Section
2.1 of this Agreement.

     1.12 "Party" means DUSA and each Participating Shareholder. "Parties" means
all such persons collectively.

     1.13 "Person" means any individual, corporation (including any non-profit
corporation), general or limited partnership, limited liability partnership,
limited liability company, joint venture, estate, trust, association,
organization, labor union, Governmental Body or other entity.

     1.14 "register," "registered," and "registration" refer to a registration
effected by preparing and filing one or more Registration Statement(s) in
compliance with the Securities Act and pursuant to Rule 415, and the declaration
or ordering of effectiveness of such Registration Statement(s) by the SEC.

     1.15 "Registrable Shares" means, collectively, (i) the DUSA Shares to be
acquired pursuant to Section 2.2(b) of the Merger Agreement by the Participating
Shareholders, (ii) the DUSA Shares, if any, issued by DUSA to any Participating
Shareholder upon the satisfaction of the conditions set forth in Section 2.2(c)
of the Merger Agreement; and (iii) the DUSA Shares, if any, issued or issuable
to a Participating Shareholder with respect to DUSA Shares issued pursuant to
clauses (i) and (ii) above as a result of any stock split, stock dividend,
recapitalization, exchange or similar event or otherwise; provided, however,
that the Registrable Shares shall not include (1) any DUSA Shares which may be
transferred pursuant to Rule 144, and (2) any DUSA Shares which are sold or
otherwise transferred by a Participating Shareholder either by use of a
Registration Statement, Rule 144 or otherwise.

     1.16 "Registration Period" means the period beginning after the Effective
Date of any Registration Statement relating to or covering the Registrable
Shares (or any of them) and ending on the earlier of (i) the date on which the
Participating Shareholders may sell all of the Registrable Shares (registered
pursuant to the Registration Statement) pursuant to Rule 144 without regard to
the volume limitation of such Rule, and (ii) the date on which the Participating
shall have sold (or otherwise transferred) all the Registrable Shares registered
pursuant to the respective Registration Statement.

                                        2

<PAGE>

     1.17 "Registration Statement" means a registration statement of DUSA filed
under the Securities Act covering the Registrable Shares, including the Initial
Registration Statement and the Additional Registration Statement.

     1.18 "Rule 144" has the meaning set forth in Section 8 of this Agreement.

     1.19 "Rule 415" means Rule 415 under the Securities Act or any successor
rule(s) providing for offering securities on a continuous or delayed basis.

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

     1.21 "Securities Act" means the Securities Act of 1933, as amended from
time to time, and the rules and regulations promulgated thereunder.

     1.22 "Violation(s)" has the meaning set forth in Section 6.1 of this
Agreement

     Capitalized terms used herein and not otherwise defined herein shall have
the respective meanings set forth in the Merger Agreement.

2. Registration.

     2.1 As soon as reasonably practicable following the Closing Date under the
Merger Agreement, DUSA shall, at its sole cost and expense, prepare and file
with the SEC a Registration Statement on Form S-3 covering all of the
Registrable Shares issued pursuant to Section 2.2(b) of the Merger Agreement
(the "Initial Registration Statement"). DUSA shall use commercially reasonable
efforts to file the Initial Registration Statement within ninety (90) days
following the Closing Date and use commercially reasonable efforts to have the
Initial Registration Statement declared effective as soon as reasonably
practicable thereafter.

     2.2 If Registrable Shares (i) are issued pursuant to Section 2.2(c)(ii) of
the Merger Agreement, (ii) are released from any lock-up provisions applicable
under Section 2.6 of the Merger Agreement (whether due to the expiration of the
restriction period provided thereunder or a change of control of DUSA or
otherwise) or (iii) are released from escrow as provided for in the Shareholders
Escrow Agreement and Section 2.5(b) of the Merger Agreement, and such
Registrable Shares will not be transferable pursuant to Rule 144 or are not
covered by the Initial Registration Statement, then DUSA shall use its
commercially reasonable efforts, at its sole cost and expense, to prepare and
file with the SEC, an additional registration statement on Form S-3 covering all
of the Registrable Shares issued pursuant to Section 2.2 of the Merger Agreement
(the "Additional Registration Statement") within ninety (90) days of the first
to occur of the events described in clauses (i) through (iii) hereof. DUSA shall
use its commercially reasonable efforts to have the Additional Registration
Statement declared effective as soon as reasonably practicable thereafter.

     2.3 In the event that Form S-3 is not available for the registration of any
Registrable Shares hereunder, DUSA shall register the Registrable Shares on
another available Registration Statement selected by DUSA in its sole
discretion.

                                        3

<PAGE>

     2.4 Holders' Counsel shall oversee and participate on behalf of the
Participating Shareholders in the preparation of any registration pursuant to
this Section 2 and shall be responsible for giving and receiving notices and
communications required hereunder on their behalf, taking all actions on behalf
of the Principal Shareholders as is explicitly contemplated by this Agreement
and taking all other actions as deemed necessary or appropriate in the judgment
of the Holders' Counsel for the accomplishment of the foregoing. Notices or
communications to or from the Holders' Counsel shall constitute notice to or
from each Participating Shareholder. Holders' Counsel shall reasonably cooperate
with DUSA in performing DUSA's obligations under this Agreement. DUSA shall
provide Holders' Counsel with information with respect to any registration
pursuant to this Agreement and keep such Holders' Counsel apprised as to the
status thereof.

     2.5 In the event the number of Registrable Shares available under a
Registration Statement filed pursuant to Section 2 is insufficient to cover all
of the Registrable Shares required to be covered by such Registration Statement,
DUSA shall amend the applicable Registration Statement, or file a new
Registration Statement, or both, so as to cover 100% of such Registrable Shares
required to be covered. DUSA shall undertake in good faith to have such
amendment and/or new Registration Statement declared effective by the SEC as
soon as reasonably practicable thereafter.

3. Related Obligations.

     At such time as DUSA is obligated to file a Registration Statement with the
SEC pursuant to Sections 2.1, 2.2 and/or 2.5, DUSA shall use commercially
reasonable best efforts to promptly file the registration of the Registrable
Shares and, in accordance therewith, DUSA shall have the following obligations:

     3.1 DUSA shall submit to the SEC promptly after DUSA learns that no review
of a particular Registration Statement will be made by the staff of the SEC or
that the staff of the SEC has no further comments on a particular Registration
Statement, as the case may be, a request for acceleration of effectiveness of
such Registration Statement. DUSA shall keep each Registration Statement
effective pursuant to Rule 415 at all times during the Registration Period for
such Registration Statement. DUSA shall ensure that each Registration Statement
(including any amendments or supplements thereto and prospectuses contained
therein) shall not contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the
statements therein (in the case of prospectuses, in the light of the
circumstances in which they were made) not misleading.

     3.2 DUSA shall prepare and file with the SEC such amendments (including
post-effective amendments) and supplements to a Registration Statement and the
prospectus used in connection with such Registration Statement, which prospectus
is to be filed pursuant to Rule 424 promulgated under the Securities Act, as may
be necessary to keep such Registration Statement effective during the
Registration Period, and, during such period, comply with the provisions of the
Securities Act with respect to the disposition of all Registrable Shares covered
by such Registration Statement until such time as all of such Registrable Shares
shall have been disposed of as contemplated herein.

                                        4

<PAGE>

     3.3 DUSA shall comply with Rule 424 under the Act relating to filing of
prospectuses and furnish to each Participating Shareholder such number of copies
of the Registration Statement and the prospectus included therein (including
each preliminary prospectus) as such persons reasonably may request in order to
facilitate the public sale of the Registrable Shares covered by such
Registration Statement;

     3.4 DUSA shall use commercially reasonable efforts to cause the Registrable
Shares covered by such Registration Statement to be registered with or approved
by such other governmental agencies or authorities as may be necessary to enable
the Participating Shareholders to consummate the disposition of such Registrable
Shares.

     3.5 DUSA shall permit Holders' Counsel to review, comment upon and
participate in the preparation of those portions of each Registration Statement
and all amendments and supplements to a Registration Statement that pertain to
the Participating Shareholders (except for reports on Form 10-K, Form 10-Q and
Form 8-K, any similar or successor reports and any other documents incorporated
by reference into a Registration Statement, which collectively shall be referred
to as the "Incorporated Reports") within a reasonable number of days prior to
the filing of the Registration Statement, amendment or supplement with the SEC.
DUSA shall furnish to Holders' Counsel, without charge: (1) copies of any
correspondence from the SEC or the staff of the SEC to DUSA or its
representatives directly relating to any Registration Statement, and (2) copies
of any Registration Statement and any amendment(s) and exhibits thereto,
including financial statements, schedules and all documents incorporated therein
by reference, if not otherwise available on the EDGAR system. Holder's Counsel
shall reasonably cooperate with DUSA in performing DUSA's obligations pursuant
to this Section 3. Before filing a Registration Statement covering Registrable
Shares, a prospectus constituting a part thereof or amendments or supplements
thereto, DUSA will furnish to Holders' Counsel copies of all such documents
proposed to be filed.

     3.6 DUSA shall use its commercially reasonable efforts to: (i) register and
qualify, unless an exemption from registration and qualification applies, the
Registrable Shares covered by a Registration Statement under the securities or
"blue sky" laws of all applicable jurisdictions in the United States, (ii)
prepare and file in those jurisdictions such amendments (including
post-effective amendments) and supplements to such registrations and
qualifications as may be necessary to maintain the effectiveness thereof during
the Registration Period, (iii) take such other actions as may be necessary to
maintain such registrations and qualifications in effect at all times during the
Registration Period, and (iv) take all other actions reasonably necessary or
advisable to qualify the Registrable Shares for sale in such jurisdictions;
provided, however, that DUSA shall not be required in connection therewith or as
a condition thereto to: (A) qualify to do business in any jurisdiction where it
would not otherwise be required to qualify but for this Section 3.6, (B) subject
itself to general taxation in any such jurisdiction, and/or (C) file a general
consent to service of process in any such jurisdiction. DUSA shall promptly
notify Holders' Counsel of the receipt by DUSA of any notification with respect
to the suspension of the registration or qualification of any of the Registrable
Shares for sale under the securities or "blue sky" laws of any jurisdiction in
the United States or its receipt of actual notice of the initiation or
threatening of any proceeding for such purpose.

                                        5

<PAGE>

     3.7 DUSA shall promptly notify Holders' Counsel in writing of the happening
of any event, as promptly as practicable after becoming aware of such event, as
a result of which the prospectus included in a Registration Statement, as then
in effect, includes an untrue statement of a material fact or omission to state
a material fact required to be stated therein or necessary to make the
statements therein, in the light of the circumstances under which they were
made, not misleading (provided that in no event shall such notice contain any
material, nonpublic information), and, subject to Section 3.6, promptly prepare
a supplement or amendment to such Registration Statement to correct such untrue
statement or omission, and deliver a copy of the prospectus contained in such
supplement or amendment to Holders' Counsel; provided, however, DUSA shall not
be required to provide any notice to any security holders or Holders' Counsel
upon the preparation or filing of any Incorporated Report with the SEC pursuant
to the requirements of the Exchange Act. DUSA shall also promptly notify
Holders' Counsel in writing: (i) when a prospectus or any prospectus supplement
or post-effective amendment has been filed, and when a Registration Statement or
any post-effective amendment has become effective, (ii) of any request by the
SEC for amendments or supplements to a Registration Statement or related
prospectus or related information, (iii) of DUSA's determination that a
post-effective amendment to a Registration Statement would be appropriate, (iv)
of the receipt by DUSA of any notification with respect to any comments by the
SEC regarding such Registration Statement or prospectus or any amendment or
supplement thereto, (v) of the receipt by DUSA of any notification with respect
to the issuance by the SEC of any stop order suspending the effectiveness of
such Registration Statement or prospectus or any amendment or supplement thereto
or the initiation or threatening of any proceeding for that purpose and (vi) of
the receipt by DUSA of any notification with respect to the suspension of the
qualification of such Registrable Shares for sale in any jurisdiction or the
initiation or threatening of any proceeding for such purposes.

     3.8 DUSA shall use commercially reasonable efforts to obtain the withdrawal
of any order suspending the effectiveness of the Registration Statements.

     3.9 DUSA shall use commercially reasonable efforts to prevent the issuance
of any stop order or other suspension of effectiveness of a Registration
Statement, or the suspension of the qualification of any of the Registrable
Shares for sale in any jurisdiction and, if such an order or suspension is
issued, to obtain the withdrawal of such order or suspension at the earliest
possible moment and to notify Holders' Counsel of such order and the resolution
thereof or its receipt of actual notice of the initiation of any proceeding for
such purpose.

     3.10 DUSA shall hold in confidence and not make any disclosure of
information concerning a Participating Shareholder provided to DUSA unless (i)
disclosure of such information is deemed necessary by DUSA to comply with
federal or state securities laws, (ii) the disclosure of such information is
necessary to avoid or correct a misstatement or omission in any Registration
Statement, (iii) the release of such information is ordered pursuant to a
subpoena or other final, non-appealable order from a Governmental Body of
competent jurisdiction, or (iv) such information has been made generally
available to the public other than by disclosure in violation of this Agreement.

     3.11 DUSA shall use its commercially reasonable efforts either to cause all
the Registrable Shares covered by a Registration Statement to be listed or
quoted on (i) the

                                        6

<PAGE>

NASDAQ National Market, or (ii) such securities exchange on which securities of
the same class or series issued by DUSA are then listed or quoted, if any, if
the listing of such Registrable Shares is then permitted under the rules of such
exchange. DUSA shall pay all reasonable fees and expenses in connection with
satisfying its obligation under this Section 3.8.

     3.12 DUSA shall otherwise use its commercially reasonable efforts to comply
with all applicable rules and regulations of the SEC in connection with any
registration hereunder.

     3.13 Within ten (10) Business Days after a Registration Statement which
covers Registrable Shares is ordered effective by the SEC, DUSA shall deliver to
the transfer agent for such Registrable Shares (with copies to Holders' Counsel)
confirmation that such Registration Statement has been declared effective by the
SEC.

     3.14 Notwithstanding anything to the contrary herein but subject to
applicable law, at any time before or after the Registration Statement has been
declared effective by the SEC, DUSA, in its sole discretion, may delay the
disclosure of material, non-public information concerning DUSA the disclosure of
which at the time is not, in the good faith opinion of DUSA, in the best
interest of DUSA and its shareholders.

     3.15 DUSA shall furnish or cause to be furnished to the Shareholder
Representatives on behalf of the Participating Shareholders a reasonably number
of copies of any Registration Statement hereunder and of each amendment and
supplement thereto (in each case including all exhibits), each prospectus,
including a preliminary prospectus, if any, in conformity with the requirements
of the Securities Act, and such other documents as the Shareholder
Representatives or Holders' Counsel may reasonably request in order to
facilitate the public sale or other disposition of such Registrable Shares.

     3.16 DUSA shall provide a transfer agent and registrar for all Registrable
Securities registered pursuant hereunder and a CUSIP number for all such
Registrable Securities, in each case not later than the effective date of such
registration and provide the transfer agent with printed certificates for
Registrable Shares in a form eligible for deposit with The Depositary Trust
Company.

     3.17 DUSA shall list such Registrable Shares on NASDAQ or such other
national securities exchange on which any shares of the Common Stock are listed
at the time of the effective date of the applicable Registration Statement. DUSA
shall cooperate and assist in any filings required to be made with the NASDAQ
Stock Market and in the performance of any due diligence investigation by any
underwriter (including any "qualified independent underwriter" that is required
to be retained in accordance with the rules and regulations of the NASD).

     3.18 DUSA shall use commercially reasonable efforts to take all other steps
necessary to file the registration of such Registrable Shares contemplated
hereby in accordance with the provisions of Section 2 hereof.

4. Obligations of the Participating Shareholders.

     4.1 Prior to the first anticipated filing date of a Registration Statement,
DUSA shall notify Holders' Counsel in writing of the information DUSA requires
from each Participating

                                        7

<PAGE>

Shareholder whose Registrable Shares are to be included in such Registration
Statement. It shall be a condition precedent to the obligations of DUSA to
complete the registration pursuant to this Agreement with respect to the
Registrable Shares that each Participating Shareholder furnish to DUSA such
information regarding himself/herself/itself, the Registrable Shares held by
him/her/it and the intended method of disposition of the Registrable Shares held
by him/her/it as shall be reasonably required to effect the filing and
effectiveness of the registration of such Registrable Shares and shall execute
such documents in connection with such registration as DUSA may reasonably
request. Notwithstanding the foregoing, no Participating Shareholder shall be
required to make any representations, warranties or indemnities except as they
relate to such Participating Shareholder's ownership of shares and authority to
enter into the underwriting agreement and to such Participating Shareholder's
intended method of distribution, and the liability of such Participating shall
be limited to an amount equal to the net proceeds from the offering received by
such Participating Shareholder.

     4.2 To the extent commercially reasonable, each Participating Shareholder,
by such Participating Shareholder's acceptance of the Registrable Shares, agrees
to cooperate with DUSA as reasonably required by DUSA in connection with the
preparation and filing of any Registration Statement hereunder.

     4.3 Each Participating Shareholder agrees that, upon receipt of any notice
from DUSA of the happening of any event of the kind described in 3.6 or first
sentence of Section 3.5, such Participating Shareholder will immediately
discontinue disposition of Registrable Shares pursuant to any Registration
Statement(s) covering such Registrable Shares until such Participating
Shareholder's receipt of a copy of the supplemented or amended prospectus
contemplated by Section 3.5 or 3.6 or receipt of notice that no supplement or
amendment is required.

     4.4 Each Participating Shareholder covenants and agrees that he/she/it will
comply with any applicable prospectus delivery requirements of the Securities
Act as applicable to him/her/it in connection with the sale of Registrable
Shares pursuant to any Registration Statement.

5. Expenses of Registration.

     All expenses in preparing and filing any Registration Statement referred to
herein, or any amendment thereto, including, without limitation, reasonable fees
of Holders' Counsel, all registration, listing and qualification fees, printer
and accounting fees, fees of transfer agents and registrars, fees and
disbursements of counsel for DUSA, and all fees and expenses (including counsel
fees and disbursements) incurred in connection with complying with state
securities or "blue sky" laws shall be paid by DUSA. Fees and disbursements of
any [OTHER] counsel retained independently by a Participating Shareholder shall
be paid by such Participating Shareholder, respectively.

6. Indemnification.

     In the event any Registrable Shares are included in a Registration
Statement under this Agreement:

                                        8

<PAGE>

     6.1 DUSA shall indemnify, hold harmless and defend each Participating
Shareholder and the agents and representatives of each Participating
Shareholder, if any (each an "Indemnified Person") against any losses, claims,
damages or liabilities, including reasonable attorneys' fees (collectively,
"Indemnified Damages"), incurred by such Participating Shareholder in preparing
or defending any action, claim, suit, inquiry, proceeding, investigation or
appeal taken from the foregoing by or before any Governmental Body, whether
pending or threatened (collectively, "Claims"), to which any such Participating
Shareholder may become subject insofar as such Claims arise out of or are based
upon: (i) any untrue statement of a material fact in a Registration Statement or
any post-effective amendment thereto or in any filing required in connection
with the qualification of the offering under the securities or "blue sky" laws
of any jurisdiction in which Registrable Shares are offered, or the omission to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading, (ii) any untrue statement of a material fact
contained in any preliminary prospectus if used prior to the Effective Date of
such Registration Statement, or contained in the final prospectus (as amended or
supplemented, if DUSA files any amendment thereof or supplement thereto with the
SEC) or the omission to state therein any material fact necessary to make the
statements made therein, in the light of the circumstances under which the
statements therein were made, not misleading, (iii) any violation by DUSA of the
Securities Act, the Exchange Act, any state securities law, any rule or
regulation thereunder, or any rule or regulation of any applicable securities
exchange relating to the offer or sale of the Registrable Shares pursuant to a
Registration Statement, or (iv) any material violation of this Agreement (the
matters in the foregoing clauses (i) through (iv) being, collectively,
"Violations"). Subject to Section 6.3, DUSA shall reimburse the Indemnified
Persons, for any reasonable legal fees or other reasonable expenses incurred by
them in connection with defending any such Claim. Notwithstanding anything to
the contrary contained herein, the indemnification agreement contained in this
Section 6.1 and the agreement with respect to contribution contained in Section
7: (i) shall not apply to a Claim arising out of or based upon a Violation which
occurs in reliance upon and in conformity with information furnished to DUSA by
or on behalf of such Indemnified Person for use in connection with the
preparation of any Registration Statement or any amendment thereof or supplement
thereto, (ii) with respect to any preliminary prospectus, shall not inure to the
benefit of any Indemnified Person from whom the Person asserting any such Claim
purchased the Registrable Shares that are the subject thereof (or to the benefit
of any Person controlling such Person) if the untrue statement or omission of
material fact contained in the preliminary prospectus was corrected in the
prospectus, as then amended or supplemented, and the Indemnified Person was
advised in writing not to use the incorrect prospectus prior to the use giving
rise to a Violation and such Indemnified Person, notwithstanding such advice,
used it or failed to deliver the correct prospectus as required by the
Securities Act, (iii) shall not be available to the extent such Claim is based
on a failure of the Participating Shareholder to deliver or to cause to be
delivered the prospectus made available by DUSA, including a corrected
prospectus, and (iv) shall not apply to amounts paid in settlement of any Claim
if such settlement is effected without the prior written consent of DUSA, which
consent shall not be unreasonably withheld or delayed. Such indemnity shall
remain in full force and effect regardless of any investigation made by or on
behalf of the Indemnified Person.

     6.2 In connection with any Registration Statement in which a Participating
Shareholder is participating, each such Participating Shareholder agrees to
indemnify, hold harmless and defend, to the same extent and in the same manner
as is set forth in Section 6.1,

                                        9

<PAGE>

DUSA, each of its directors, officers, employees, agents and representatives and
each Person, if any, who controls DUSA within the meaning of the Securities Act
or the Exchange Act (each, a "DUSA Indemnitee"), against any Claim for
Indemnified Damages to which any or all of them may become subject, under the
Securities Act, the Exchange Act, the securities or "blue sky" laws of any
jurisdiction or otherwise, insofar as such Claim or Indemnified Damages arise
out of or are based upon any Violation, in each case to the extent that such
Violation occurs in reliance upon, in connection with and/or in conformity with
information furnished to DUSA by or on behalf of such Participating Shareholder
and will reimburse any reasonable legal or other expenses reasonably incurred by
a DUSA Indemnitee in connection with defending any such Claim; provided,
however, that the indemnity agreement contained in this Section 6.2 and the
agreement with respect to contribution contained in Section 7 shall not apply to
amounts paid in settlement of any Claim if such settlement is effected without
the prior written consent of Participating Shareholder, which consent shall not
be unreasonably withheld or delayed; provided, further, however, that a
Participating Shareholder shall be liable under this Section 6.2 for only that
amount of Indemnified Damages as does not exceed the net proceeds to such
Participating Shareholder as a result of the sale of Registrable Shares pursuant
to such Registration Statement. Such indemnity shall remain in full force and
effect regardless of any investigation made by or on behalf of such DUSA
Indemnitee. Notwithstanding anything to the contrary contained herein, the
indemnification agreement contained in this Section 6.2 with respect to any
preliminary prospectus shall not inure to the benefit of any DUSA Indemnitee if
the untrue statement or omission of material fact contained in the preliminary
prospectus was corrected on a timely basis in the prospectus, as then amended or
supplemented.

     6.3 Promptly after receipt by an Indemnified Person or DUSA Indemnitee
under this Section 6 of notice of the commencement of any action or proceeding
(including any governmental action or proceeding) involving a Claim, such
Indemnified Person or DUSA Indemnitee shall, if a Claim in respect thereof is to
be made against any indemnifying party under this Section 6, deliver to the
indemnifying party a written notice of the commencement thereof, and the
indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party
similarly noticed, to assume control of the defense thereof with counsel
mutually satisfactory to the indemnifying party and the Indemnified Person or
the DUSA Indemnitee, as the case may be; provided, however, that an Indemnified
Person or DUSA Indemnitee shall have the right to retain his/her/its own counsel
with the fees and expenses of not more than one counsel for such Indemnified
Person or DUSA Indemnitee to be paid by the indemnifying party. In the case of
an Indemnified Person, legal counsel referred to in the immediately preceding
sentence shall be selected by the Participating Shareholders of at least a
majority of the Registrable Shares included in the Registration Statement to
which the Claim relates. The DUSA Indemnitee or Indemnified Person shall
cooperate fully with the indemnifying party in connection with any negotiation
or defense of any such action or Claim by the indemnifying party and shall
furnish to the indemnifying party all information reasonably available to the
DUSA Indemnitee or Indemnified Person which relates to such action or Claim. The
indemnifying party shall keep the DUSA Indemnitee or Indemnified Person fully
informed as to the status of the defense or any settlement negotiations with
respect thereto. No indemnifying party shall be liable for any settlement of any
action, claim or proceeding effected without its prior written consent;
provided, however, that the indemnifying party shall not unreasonably withhold,
delay or condition its consent. No indemnifying party shall, without the prior
written consent of the DUSA Indemnitee

                                       10

<PAGE>

or Indemnified Person, consent to entry of any judgment or enter into any
settlement or other compromise which does not include as an unconditional term
thereof the giving by the claimant or plaintiff to such DUSA Indemnitee or
Indemnified Person a release from all liability in respect to such Claim or
litigation. Following indemnification as provided for hereunder, the
indemnifying party shall be subrogated to all rights of the DUSA Indemnitee or
Indemnified Person with respect to all third parties, firms or corporations
relating to the matter for which indemnification has been made. The failure to
deliver written notice to the indemnifying party within a reasonable time of the
commencement of any such action shall not relieve such indemnifying party of any
liability to the Indemnified Person or DUSA Indemnitee under this Section 6,
except to the extent that the indemnifying party is prejudiced in its ability to
defend such action.

     6.4 The indemnification required by this Section 6 shall be made by
periodic payments of the amount thereof during the course of the investigation
or defense, as and when bills and appropriate supporting documentation are
received.

     6.5 The indemnity agreements contained herein shall be in addition to (i)
any cause of action or similar right of the DUSA Indemnitee or Indemnified
Person against the indemnifying party or others, and (ii) any liabilities the
indemnifying party may be subject to pursuant to the law.

7. Contribution.

     To the extent any indemnification by an indemnifying party is prohibited or
limited by law, the indemnifying party agrees to make the maximum contribution
with respect to any amounts for which it would otherwise be liable under Section
6 to the fullest extent permitted by law; provided, however, that: (i) no Person
involved in the sale of Registrable Shares which Person is guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) in
connection with such sale shall be entitled to contribution from any Person
involved in such sale of Registrable Shares who was not guilty of fraudulent
misrepresentation; and (ii) contribution by any Shareholder of Registrable
Shares shall be limited in amount to the net amount of proceeds received by such
Shareholder under the Merger Agreement (or in the case of a Dissenting
Shareholder such other agreement(s) effectuating the transfer of Sirius Shares
to DUSA) from the sale of such Registrable Shares pursuant to such Registration
Statement.

8. Reports Under the Exchange Act.

     With a view to making available to Participating Shareholders the benefits
of Rule 144 promulgated under the Securities Act or any other similar rule or
regulation of the SEC that may at any time permit the Participating Shareholders
to sell DUSA Shares to the public without registration ("Rule 144"), DUSA agrees
to:

     8.1 make and keep public information available, as those terms are
understood and defined in Rule 144;

     8.2 file with the SEC in a timely manner all reports and other documents
required of DUSA under the Securities Act and the Exchange Act; and

                                       11

<PAGE>

     8.3 furnish to Holders' Counsel on behalf of each Participating Shareholder
of Registrable Shares, promptly upon request, (i) a written statement by DUSA,
if true, that it has complied with the reporting requirements of Rule 144, the
Securities Act and the Exchange Act (at any time after it has become subject to
such reporting) or that it qualifies as a registrant whose securities may be
resold pursuant to Form S-3 (at any time it so qualifies), (ii) a copy of the
most recent annual or quarterly report of DUSA and such other reports and
documents so filed by DUSA, if not otherwise available on EDGAR, and (iii) such
other information as may be reasonably requested to permit the Participating
Shareholders to sell such securities pursuant to any rule or regulation of the
SEC which permits the selling of any securities without registration.

9. Amendment; Waiver.

     9.1 Except as set forth in Section 9.2 and Section 10, this Agreement may
be terminated, amended and the observance thereof may be waived (either
generally or in a particular instance and either retroactively or
prospectively), only with the written consent of DUSA and the Participating
Shareholders holding a majority of the Registrable Shares.

     9.2 Any terminating amendment or waiver effected in accordance with this
Section 9 shall be binding upon each Participating Shareholder and DUSA. No
amendment shall be effective unless it applies to all of the Participating
Shareholders. No consideration shall be offered or paid to any Person to
terminate, amend or consent to a waiver or modification of any provision of any
of this Agreement unless the same consideration also is offered to all of the
parties to this Agreement.

10. Termination. This Agreement shall terminate upon the earlier of (i) the date
on which the Principal Shareholders may sell or otherwise transfer all of the
Registrable Shares pursuant to Rule 144, without regard to the volume limitation
of such Rule, (ii) the date on which the Principal Shareholders shall have
disposed of all the Registrable Shares, and (iii) the date of any termination by
DUSA and certain Principal Shareholders in accordance with Section 9.1 hereof.

11. Miscellaneous.

     11.1 A Person is deemed to be a Principal Shareholder of Registrable Shares
whenever such Person owns or is deemed to own of record, or has the right to own
pursuant to the terms and conditions of the Merger Agreement, such Registrable
Shares. If DUSA receives conflicting instructions, notices or elections from two
or more Persons with respect to the same Registrable Shares, DUSA shall act upon
the basis of instructions, notice or election received from the record owner of
such Registrable Shares.

     11.2 Any notices, consents, waivers or other communications required or
permitted to be given under the terms of this Agreement must be in writing and
will be deemed to have been delivered: (i) upon receipt, when delivered
personally, (ii) upon receipt, when sent by facsimile (provided confirmation of
transmission is mechanically or electronically generated and kept on file by the
sending party), or (iii) one Business Day after deposit with a nationally
recognized overnight delivery service, in each case properly addressed to the
party to receive the same, assuming written confirmation from such overnight
delivery service has been received. All communications to a Participating
Shareholder shall be made by providing notice to the

                                       12

<PAGE>

Shareholders' Representative(s) appointed pursuant to the Merger Agreement. The
addresses and facsimile numbers for such communications to DUSA and the
Shareholders' Representative(s) shall be as provided for in the Merger
Agreement. The address and facsimile number for communications to Holders'
Counsel shall be provided to DUSA and its counsel in accordance with this
Section as soon as practicable following the selection of Holders' Counsel.
Written confirmation of receipt: (A) given by the recipient of such notice,
consent, waiver or other communication, (B) mechanically or electronically
generated by the sender's facsimile machine containing the time, date, recipient
facsimile number and an image of the first page of such transmission, or (C)
provided by a nationally recognized overnight delivery service, shall be
rebuttable evidence of personal service, receipt by facsimile or receipt from a
nationally recognized overnight delivery service in accordance with subclause
(i), (ii) or (iii) above, respectively.

     11.3 Failure of any party to exercise any right or remedy under this
Agreement or otherwise, or delay by a party in exercising such right or remedy,
shall not operate as a waiver thereof.

     11.4 This Agreement shall be governed by the laws of the State of New York
without regard to conflicts of laws principles. Any action or proceeding seeking
to enforce any provision of, or based on any right arising out of, this
Agreement may be brought against any of the Parties in the courts of the State
of New York, or, if it has or can acquire jurisdiction, in the United States
District Court for the Southern District of New York, and each of the Parties
consents to the jurisdiction of such courts (and of the appropriate appellate
courts) in any such action or proceeding and waives any objection to venue laid
therein. Process in any action or proceeding referred to in the preceding
sentence may be served on any party anywhere in the world.

     11.5 This Agreement, the Merger Agreement and the instruments referenced
herein and therein constitute the entire agreement among the parties hereto with
respect to the subject matter hereof and thereof. There are no restrictions,
promises, warranties or undertakings, other than those set forth or referred to
herein and therein. This Agreement, the Merger Agreement and the instruments
referenced herein and therein supersede all prior agreements and understandings
among the parties hereto with respect to the subject matter hereof and thereof.

     11.6 The rights to cause DUSA to register Registrable Securities pursuant
to this Agreement may be assigned in whole or in part by a Participating
Shareholder to one or more of its Affiliates (including, without limitation, in
the case of Participating Shareholders, transfers between them and to their
respective members and partners and any members or partners thereof) or to one
or more transferees or assignees of the Registrable Securities owned by such
Participating Shareholder, provided that (in each case) such transferee or
assignee delivers to the DUSA a written instrument by which such transferee or
assignee agrees to be bound by the obligations imposed on Participating
Shareholders under this Agreement to the same extent as if such transferee or
assignee was a party hereto; provided, further, such assignment shall not
require registration under the Securities Act. Except a specifically permitted
in the preceding sentence, neither this Agreement nor any Participating
Shareholder's rights or privileges under this Agreement can be assigned or
transferred in whole or in part without the prior written consent of the other
parties. Subject to the preceding sentence, this Agreement will apply to, be
binding in all respects upon, and inure to the benefit of the successors, heirs,
devisees, personal

                                       13

<PAGE>

representatives and permitted assigns of the parties. Nothing expressed or
referred to in this Agreement will be construed to give any Person other than
the parties to this Agreement and their respective heirs, devisees, personal
representatives any legal or equitable right, remedy, or claim under or with
respect to this Agreement or any provision of this Agreement. This Agreement and
all of its provisions and conditions are for the sole and exclusive benefit of
the Parties to this Agreement and their successors, heirs, devisees, personal
representatives and permitted assigns.

     11.7 The headings in this Agreement are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.

     11.8 This Agreement may be executed in identical counterparts, each of
which shall be deemed an original but all of which shall constitute one and the
same agreement. This Agreement, once executed by a Party, may be delivered to
the other Party hereto by facsimile transmission bearing the signature of the
Party so delivering this Agreement.

     11.9 Each Party shall do and perform, or cause to be done and performed,
all such further acts and things, and shall execute and deliver all such other
agreements, certificates, instruments and documents, as any other Party may
reasonably request in order to carry out the intent and accomplish the purposes
of this Agreement and the consummation of the transactions contemplated hereby.

     11.10 All consents and other determinations required to be made by the
Participating Shareholders pursuant to this Agreement shall be made, unless
otherwise specified in this Agreement, by Participating Shareholders holding at
least a majority of the Registrable Shares.

     11.11 This Agreement is intended for the benefit of the Parties hereto and
their respective successors and permitted assigns, and is not for the benefit
of, nor may any provision hereof be enforced by, any other Person.

     11.12 Any disputes arising hereunder shall be subject to the provisions
contained in Article XVI of the Merger Agreement as if such provisions were set
forth herein.

                                   * * * * * *

                                       14

<PAGE>

     IN WITNESS WHEREOF, the Parties have executed and delivered this
Registration Rights Agreement, or have cause this Registration Rights Agreement
to be executed and delivered by a duly authorized representative, as of the date
first written above.

                                        DUSA PHARMACEUTICALS, INC.

                                        By: /s/ D. Geoffrey Shulman
                                            ------------------------------------
                                        Name: D. Geoffrey Shulman
                                        Title: Chairman and CEO

                                        SHAREHOLDERS:

                                        ----------------------------------------
                                        Carole Bernstein

                                        ----------------------------------------
                                        David Bernstein

                                        ----------------------------------------
                                        Jeffrey R. Bernstein Ph.D.

                                        ----------------------------------------
                                        Joel Bernstein, M.D.

                                        ----------------------------------------
                                        Brett A. Pollard

                                        ----------------------------------------
                                        Frank R. Pollard

                                        ----------------------------------------
                                        Frank R. Pollard, Jr.

                                        ----------------------------------------
                                        Jean E. Pollard

                                        ----------------------------------------
                                        Scott E. Pollard

                                        ----------------------------------------
                                        Rebecca Zelkin

                                        ----------------------------------------
                                        Garry R. Barnes

<PAGE>

                                        ----------------------------------------
                                        Luanna Barnes

                                        ----------------------------------------
                                        Keyoumars Soltani

                                        ----------------------------------------
                                        Saeed Soltani

                                        ----------------------------------------
                                        David H. Whitney

                                        Shareholder Representatives, on behalf
                                        of each of the Participating
                                        Shareholders listed on Schedule A
                                        attached hereto pursuant to
                                        powers-of-attorney included in duly
                                        executed Subscription Agreements
                                        delivered by each Participating
                                        Shareholder:

                                        By: /s/ Frank R. Pollard
                                            ------------------------------------
                                            Frank R. Pollard

                                        By: /s/ Jeffrey R. Bernstein
                                            ------------------------------------
                                            Jeffrey R. Bernstein Ph.D.

                [Signature Page to Registration Rights Agreement]

<PAGE>

                                   Schedule A

            Participating Shareholders Pursuant to Powers-of-Attorney
<PAGE>
                                   SCHEDULE A

                     SCHEDULE OF PARTICIPATING SHAREHOLDERS

<TABLE>
<CAPTION>
<S>                                                          <C>

Jean E. Pollard and Frank R. Pollard JTWROS                  Joel Bernstein, M.D.

Carole Bernstein                                             David Bernstein

Bioglan Pharma PLC                                           Frank R. Pollard, Jr.

Rebecca Zelken                                               Brett A. Pollard

Scott E. Pollard                                             David Whitney, M.D.

Keyoumars Soltani                                            Madakat Capital Ventures, LLC

Saeed Soltani                                                John Robert Hamill Jr.

Garry R. Barnes and Luanna Barnes JTWROS                     William H. Eaglstein, M.D.

Luanna Barnes and Garry R. Barnes JTWROS                     Alan Shalita

Steve Harrison, M.D.                                         Simone Shalita

Neal Penneys, M.D.                                           Stephen Mandy, M.D.

Ronald Sandler                                               Paul Marsh

Andrea Sandler                                               Gerald R. McCluskey

Lawrence E. Levine                                           Robert Yolles and Monica Yolles JTWROS

Lawrence E Levine, M.D. IRA                                  Monica Yolles and Robert Yolles JTWROS

Maibach Trust                                                Jeffrey Kaplan

Esther Levine                                                John Redfield

Sydney Levine                                                Pamela Redfield

Andrew Kaplan                                                Robert Andrew Yolles and Meredith Yolles, JTWROS

Betty Lichter                                                Meredith Yolles and Robert Andrew Yolles JTWROS

Lawrence Peter Yolles                                        Joseph John Yolles

Anita Gerber                                                 Arona Roshal
</TABLE>

                                      A-1
<PAGE>
<TABLE>
<CAPTION>
<S>                                                          <C>
Harvey Herman                                                Kristin Rasmussen

Cindy Herman                                                 Frank Kern, M.D.
                                                             Mara Roshal
</TABLE>

                                 OPTION HOLDERS
<TABLE>
<CAPTION>
<S>                                                          <C>
Jeffrey Alter                                                David Arluk

Jacob Baral                                                  Garry Barnes

Barbara Barnett                                              Kenneth Beer

Michael Bell                                                 Jeffrey Bernstein

Joel Bernstein                                               Solomon Brickman

Robert Brodell                                               Darryl Bronson

Ligaya Buchbinder                                            Chris Buchinski

Laura Butkus                                                 Joseph Cavallo

Scott Checketts                                              Rich Clements

Larry Cole                                                   Michael Cormier

Jonathan Crane                                               James Demas

Frank DeMento                                                William Doubleday

Michael Doucet                                               William Eaglstein

Lester Fahrner                                               Ronald Falcon

Barry Galitzer                                               Scott Glazer

Brad Glick                                                   Michael Gold

Mitchel Goldman                                              Leslie Gray

Steven Grekin                                                Michael Haag

Tiffany Hagerty                                              Herbert Hochman

David Horowitz                                               Jennifer Hoscheid

Juana Julien                                                 Andrew King
</TABLE>

                                      A-2
<PAGE>
<TABLE>
<CAPTION>
<S>                                                          <C>
Keith Kozeny                                                 Deborah Longwill

Emmanuel Loucas                                              Howard Maibach

Michael Maloney                                              Eugene Mandrea

Stephen Mandy                                                Sharon Meyer

Neil Niren                                                   Mark Oestreicher

Robert Orme                                                  Paul Orton

Robert Paull                                                 Neal Penneys

Scott Phillips                                               Wayne Porter

Douglas Pravda                                               Mark Quarterman

Charles Reed                                                 Ryan Reed

Marta Rendon                                                 Barry Resnik

Paul Revis                                                   Tobi Richman

William Roth                                                 Gordon Russo

Tim Schneider                                                David Schulman

Ronald Spillane                                              Craig Teller

David Van Dam                                                Ted Vanacker

Bruce Warshauer                                              Patricia Peeples Westmoreland

Michelle Willman                                             Hector Wiltz
</TABLE>

                                      A-3

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