Document:

Amendment to Indenture between HealthSouth Corp and The Bank of Novia Scotia

 EXHIBIT 4.5.2 
  
 AMENDMENT TO INDENTURE 
  
 AMENDMENT TO INDENTURE (this “Amendment”), dated as of August 27, 2003, by and between HEALTHSOUTH Corporation, as issuer under the
Indenture referred to below (the “Company”), and The Bank of Nova Scotia Trust Company of New York, as trustee under the Indenture referred to below (the “Trustee”). 
  
 W I T N E S S E
T H : 
  
 WHEREAS, the Company has heretofore
executed and delivered to the Trustee an Indenture dated as of May 22, 2002 (as amended to the date hereof, the “Indenture”), providing for the issuance of its 75/8% Senior Notes due 2012;

  
 WHEREAS, Section 2.11 of the Indenture provides, among other
things, that overdue interest shall be payable to Holders on a special Record Date, which date shall be the fifteenth day next preceding the date fixed by the Company for payment of the defaulted interest or the next succeeding Business Day if such
date is not a Business Day; 
  
 WHEREAS, the Company desires that
the payment of overdue interest occur as soon as practicable after any special Record Date; 
  
 WHEREAS, Section 8.01(8) of the Indenture provides that the Company and the Trustee may amend the Indenture without the consent of the Holders to make any change that does not adversely affect the rights of any
Holder; 
  
 NOW THEREFORE, the Company and the Trustee mutually
covenant and agree for the equal and ratable benefit of the Holders as follows: 
  
 1. Definitions. For all purposes of this Amendment, except as otherwise herein expressly provided or unless the context otherwise requires: (i) the terms and expressions used herein shall have the same meanings
as corresponding terms and expressions used in the Indenture; and (ii) the words “herein,” “hereof” and “hereby” and other words of similar import used in this Amendment refer to this Amendment as a whole and not to any
particular section hereof. 
  
 2. Amendment to Indenture.
Section 2.11 of the Indenture is hereby amended by deleting the second paragraph thereof in its entirety and replacing it with the following: 
  
 “If the Company defaults in a payment of interest on the Notes, it shall pay the defaulted interest, plus (to the extent lawful) any interest payable
on the defaulted interest, to the Persons who are Holders on a subsequent special Record Date established by the Company. At least 15 days before the subsequent special Record Date, the Company shall mail to each Holder, as of a recent date 

  

 
selected by the Company, with a copy to the Trustee, a notice that states the subsequent special Record Date, the amount of defaulted interest and interest
payable on such defaulted interest, if any, to be paid and the date on which payment shall be made to the Holders, which date shall be either (i) the fifteenth day after the special Record Date or the next succeeding Business Day if such date is not
a Business Day, or (ii) such earlier Business Day after the special Record Date to which the Trustee shall agree.” 
  
 3. Ratification of Indenture. Except as expressly modified hereby, the Indenture is in all respects ratified and confirmed and all the terms,
conditions and provisions thereof shall remain in full force and effect. This Amendment shall form a part of the Indenture for all purposes, and every Holder shall be bound hereby and entitled to the benefits hereof. From and after the date hereof,
each reference in the Notes to the Indenture shall be deemed to refer to the Indenture, as amended by this Amendment. 
  
 4. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, AS
APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY
ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT. 
  
 5. Multiple Counterparts. The parties may sign multiple counterparts of this Amendment. Each signed counterpart shall be deemed an original, but all of them together represent one and the same agreement.

  
 6. Headings. The headings of this Amendment have been
inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 
  
 7. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or
sufficiency of this Amendment or for or in respect of the recitals contained herein, all of which are made solely by the Company. The Trustee shall have the full rights and benefits of Section 7.07 of the Indenture with respect to this Amendment.

  
 8. Effectiveness. This Amendment shall be effective
when the Company and the Trustee shall each have executed and delivered signature pages hereto. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 2 

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

					
	HEALTHSOUTH CORPORATION
			
	 By:
	 	 	 	/s/ William W. Horton
	 	 	 Name:
	 	WILLIAM W. HORTON
	 	 	 Title:
	 	EXECUTIVE VICE PRESIDENT
	
	 THE BANK OF NOVA SCOTIA TRUST
 COMPANY OF NEW YORK,
as Trustee

			
	 By:
	 	 	 	/s/ John F. Neylan
	 	 	 Name:
	 	John F. Neylan
	 	 	 Title:
	 	Trust OfficerIndenture between Greenery Rehabilitation Group Inc and Shawmut Bank of Boston

 EXHIBIT 4.6 
  

GREENERY REHABILITATION GROUP, INC. 
  
 $34,500,000 
  
 6 1/2% Convertible Subordinated Debentures Due 2011 
  

  
 INDENTURE 
  

  
 Dated as of June 16, 1986 
  

  
 Shawmut Bank of Boston, N.A. 
                                        
 Trustee 
  

  
 CROSS-REFERENCE TABLE

  
 Indenture 
  

							
	 TIA
 Section

	 	 	  	Section

	 	 
	 310 (a)
	 	 (1)
	  	7.10	 	 
	 (a)
	 	 (2)
	  	7.10	 	 
	 (a)
	 	 (3)
	  	N.A.	 	 
	 (a)
	 	 (4)
	  	N.A.	 	 
	 (b)
	 	 	  	7.08;	 	7.10; 12.02
	 (c)
	 	 	  	N.A.	 	 
	 311 (a)
	 	 	  	7.11	 	 
	 (b)
	 	 	  	7.11	 	 
	 (c)
	 	 	  	N.A.	 	 
	 312 (a)
	 	 	  	2.05	 	 
	 (b)
	 	 	  	12.03	 	 
	 (c)
	 	 	  	12.03	 	 
	 313 (a)
	 	 	  	7.06	 	 
	 (b)
	 	 (1)
	  	N.A.	 	 
	 (b)
	 	 (2)
	  	7.06	 	 
	 (c)
	 	 	  	12.02	 	 
	 (d)
	 	 	  	7.06	 	 
	 314 (a)
	 	 	  	4.02;	 	12.02
	 (b)
	 	 	  	N.A.	 	 
	 (c)
	 	 (1)
	  	12.04	 	 
	 (c)
	 	 (2)
	  	12.04	 	 
	 (c)
	 	 (3)
	  	N.A.	 	 
	 (d)
	 	 	  	N.A.	 	 
	 (e)
	 	 	  	12.05	 	 
	 (f)
	 	 	  	N.A.	 	 
	 315 (a)
	 	 	  	7.01	 	(b)
	 (b)
	 	 	  	7.05;	 	12.02
	 (c)
	 	 	  	7.01	 	(a)
	 (d)
	 	 	  	7.01	 	(c)
	 (e)
	 	 	  	6.11	 	 
	 316 (a)
	 	 (last sentence)
	  	12.06	 	 
	 (a)
	 	 (1) (A)
	  	6.05	 	 
	 (a)
	 	 (1) (B)
	  	6.04	 	 
	 (a)
	 	 (2)
	  	N.A.	 	 
	 (b)
	 	 	  	6.07	 	 
	 317 (a)
	 	 (1)
	  	6.08	 	 
	 (a)
	 	 (2)
	  	6.09	 	 
	 (b)
	 	 	  	2.04	 	 
	 (318) (a)
	 	 	  	12.01	 	 

 N.A. means Not Applicable 
  

  
 TABLE OF CONTENTS 

 

					
	 Section

	  	 Heading

	  	Page

	 	  	ARTICLE ONE	  	 
			
	 	  	DEFINITIONS AND INCORPORATION BY REFERENCE	  	 
			
	 1.01
	  	Definitions	  	1
	 1.02
	  	Other Definitions	  	3
	 1.03
	  	Incorporation by Reference of Trust Indenture Act	  	3
	 1.04
	  	Rules of Construction	  	4
			
	 	  	ARTICLE TWO	  	 
			
	 	  	THE SECURITIES	  	 
			
	 2.01
	  	Form and Dating	  	4
	 2.02
	  	Execution and Authentication	  	4
	 2.03
	  	Registrar, Paying Agent and Conversion Agent	  	5
	 2.04
	  	Paying Agent to Hold Money in Trust	  	5
	 2.05
	  	Securityholders Lists	  	6
	 2.06
	  	Transfer and Exchange	  	6
	 2.07
	  	Replacement Securities	  	6
	 2.08
	  	Outstanding Securities	  	6
	 2.09
	  	Temporary Securities	  	7
	 2.10
	  	Cancellation	  	7
	 2.11
	  	Defaulted Interest	  	7
			
	 	  	ARTICLE THREE	  	 
			
	 	  	REDEMPTION	  	 
			
	 3.01
	  	Notices to Trustee	  	8
	 3.02
	  	Selection of Securities to Be Redeemed	  	8
	 3.03
	  	Notice of Redemption	  	8
	 3.04
	  	Effect of Notice of Redemption	  	9
	 3.05
	  	Deposit of Redemption Price	  	9
	 3.06
	  	Securities Redeemed in Part	  	9
			
	 	  	ARTICLE FOUR	  	 
			
	 	  	COVENANTS	  	 
			
	 4.01
	  	Payment of Securities	  	10
	 4.02
	  	SEC Reports	  	10
	 4.03
	  	Annual Review Certificate	  	10
	 4.04
	  	Corporate Existence	  	11
	 4.05
	  	Payment of Taxes and Other Claims	  	11
	 4.06
	  	Maintenance of Properties, etc.	  	11

  

					
	 	  	ARTICLE FIVE	  	 
			
	 	  	SUCCESSOR CORPORATION	  	 
			
	 5.01
	  	When Company May Merge, etc.	  	12
			
	 	  	ARTICLE SIX	  	 
			
	 	  	DEFAULTS AND REMEDIES	  	 
			
	 6.01
	  	Events of Default	  	13
	 6.02
	  	Acceleration	  	15
	 6.03
	  	Other Remedies	  	15
	 6.04
	  	Waiver of Past Defaults	  	16
	 6.05
	  	Control by Majority	  	16
	 6.06
	  	Limitations on Suits by Holders	  	16
	 6.07
	  	Rights of Holders to Receive Payment	  	17
	 6.08
	  	Collection Suit by Trustee	  	17
	 6.09
	  	Trustee May File Proofs of Claim	  	17
	 6.10
	  	Priorities	  	18
	 6.11
	  	Undertaking for Costs	  	18
	 6.12
	  	Waiver of Usury Laws	  	19
			
	 	  	ARTICLE SEVEN	  	 
			
	 	  	TRUSTEE	  	 
			
	 7.01
	  	Duties of Trustee	  	19
	 7.02
	  	Rights of Trustee	  	20
	 7.03
	  	Individual Rights of Trustee	  	21
	 7.04
	  	Trustee’s Disclaimer	  	21
	 7.05
	  	Notice of Defaults	  	21
	 7.06
	  	Reports by Trustee to Holders	  	21
	 7.07
	  	Compensation and Indemnity	  	21
	 7.08
	  	Replacement of Trustee	  	23
	 7.09
	  	Successor Trustee by Merger, etc.	  	24
	 7.10
	  	Eligibility; Disqualification	  	24
	 7.11
	  	Preferential Collection of Claims Against Company	  	24
			
	 	  	ARTICLE EIGHT	  	 
			
	 	  	DISCHARGE OF INDENTURE	  	 
			
	 8.01
	  	Termination of Company’s Obligations	  	24
	 8.02
	  	Application of Trust Money	  	25
	 8.03
	  	Repayment to Company	  	25
	 8.04
	  	Reinstatement	  	26

  

 -2- 

					
	 	  	ARTICLE NINE	  	 
			
	 	  	AMENDMENTS, SUPPLEMENTS AND WAIVERS	  	 
			
	 9.01
	  	Without Consent of Holders	  	26
	 9.02
	  	With Consent of Holders	  	26
	 9.03
	  	Compliance with Trust Indenture Act	  	27
	 9.04
	  	Revocation and Effect of Consents	  	27
	 9.05
	  	Notation on or Exchange of Securities	  	28
	 9.06
	  	Trustee to Sign Amendments, etc.	  	28
			
	 	  	ARTICLE TEN	  	 
			
	 	  	CONVERSION	  	 
			
	 10.01
	  	Conversion Privilege	  	28
	 10.02
	  	Conversion Procedure	  	29
	 10.03
	  	Fractional Shares	  	29
	 10.04
	  	Taxes on Conversion	  	30
	 10.05
	  	Company to Provide Stock	  	30
	 10.06
	  	Adjustment for Change in Capital Stock	  	30
	 10.07
	  	Adjustment for Rights Issue	  	31
	 10.08
	  	Adjustment for Other Distributions	  	32
	 10.09
	  	Adjustment for Common Stock Issue	  	33
	 10.10
	  	Adjustment for Convertible Securities Issue	  	34
	 10.11
	  	Voluntary Adjustment	  	35
	 10.12
	  	Current Market Price	  	36
	 10.13
	  	Consideration Received	  	36
	 10.14
	  	When Adjustment May Be Deferred	  	37
	 10.15
	  	When Adjustment Is Not Required	  	37
	 10.16
	  	Notice of Adjustment	  	37
	 10.17
	  	Notice of Certain Transactions	  	37
	 10.18
	  	Consolidation, Merger or Sale of the Company	  	38
	 10.19
	  	Company Determination Final	  	38
	 10.20
	  	Trustee’s Disclaimer	  	38
			
	 	  	ARTICLE ELEVEN	  	 
			
	 	  	SUBORDINATION	  	 
			
	 11.01
	  	Securities Subordinated to Senior Debt	  	39
	 11.02
	  	Company Not to Make Payments with Respect to Securities in Certain Circumstances	  	39
	 11.03
	  	 Securities Subordinated to Prior Payment of All Senior Debt on
 Dissolution, Liquidation or Reorganization of Company
	  	40
	 11.04
	  	Securityholders to Be Subrogated to Right of Holders of Senior Debt	  	42
	 11.05
	  	Obligation of the Company Unconditional	  	42

  

 -3- 

					
	 11.06
	  	 Trustee Entitled to Assume Payments Not Prohibited in
 Absence of Notice
	  	43
	 11.07
	  	Application by Trustee of Monies Deposited with It	  	43
	 11.08
	  	 Subordination Rights Not Impaired by Acts or Omissions of Company
 or Holders of Senior Debt
	  	44
	 11.09
	  	Securityholders Authorize Trustee to Effectuate Subordination of Securities	  	44
	 11.10
	  	Right of Trustee to Hold Senior Debt; Compensation Not Prejudiced	  	45
	 11.11
	  	Article Eleven Not to Prevent Events of Default	  	45
			
	 	  	ARTICLE TWELVE	  	 
			
	 	  	MISCELLANEOUS	  	 
			
	 12.01
	  	Trust Indenture Act Controls	  	45
	 12.02
	  	Notices	  	45
	 12.03
	  	Communication by Holders with Other Holders	  	46
	 12.04
	  	Certificate and Opinion as to Conditions Precedent	  	46
	 12.05
	  	Statements Required in Certificate or Opinion	  	46
	 12.06
	  	When Treasury Securities Disregarded	  	47
	 12.07
	  	Rules by Trustee and Agents	  	47
	 12.08
	  	Legal Holidays	  	47
	 12.09
	  	Governing Law	  	48
	 12.10
	  	No Adverse Interpretation of Other Agreements	  	48
	 12.11
	  	No Recourse Against Others	  	48
	 12.12
	  	Successors	  	48
	 12.13
	  	Duplicate Originals	  	48
	 12.14
	  	Severability	  	48
	 	  	Signatures	  	49
	 	  	Exhibit A - Form of Security	  	50

  

 -4- 

  
 INDENTURE dated as of June
16, 1986, between GREENERY REHABILITATION GROUP, INC., a Delaware corporation (“Company”), and SHAWMUT BANK OF BOSTON, N.A., a national banking association (“Trustee”). 
  
 Each party agrees as follows for the benefit of the other party and for the
equal and ratable benefit of the Holders of the Company’s 6 1/2% Convertible Subordinated Debentures Due 2011 (“Securities”): 
  
 ARTICLE ONE 
  
 DEFINITIONS AND INCORPORATION BY REFERENCE 
  

	SECTION 1.01.	Definitions. 

  
 “Agent” means any Registrar, Paying Agent, Conversion Agent or co-Registrar. See Section 2.03. 
  
 “Board of Directors” means the Board of Directors of the Company or any committee thereof. 
  
 “Company” means the party named as such in this Indenture until a
successor replaces it and thereafter means the successor. 
  
 “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
  
 “Debt” means the principal of (and premium, if any) and interest on and fees and other amounts payable with respect to: 
  

	 	(1)	all indebtedness or obligations, contingent or otherwise, of the Company (i) for borrowed money; or (ii) evidenced by a note, debenture, similar instrument or agreement (including,
without limitation, a purchase money obligation) given in connection with the acquisition or improvement of any business, property or assets of any kind, including, without limitation, securities; or (iii) as lessee under any lease of real property
and any capitalized lease; 

  

	 	(2)	all indebtedness or obligations of others of the kind described in the preceding clause (1) which the Company has guaranteed or for which it is otherwise liable; and

  

	 	(3)	any amendment, renewal, extension, modification or refunding of any such debt described in (1) and (2) above. 

  

 “Default” means any event which is, or after notice or passage of time would be, an Event of
Default. 
  
 “Holder” or “Securityholder”
means the 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. 
  
 “Material Subsidiary” means (i) 99-111 Chestnut Hill Avenue Corp., Heywood Corp., Liberty Pavillion Corp. and Greenery Securities Corp., (ii)
any other Subsidiary of the Company which is (or shall become in the future) a “significant subsidiary” as defined in Rule 1-02(v) of Regulation S-X as promulgated by the SEC (as such regulation is in effect on the date hereof) and (iii)
any other Subsidiary of the Company that is material to the business, earnings, properties, assets or conditions, financial or otherwise, of the Company and its Subsidiaries taken as a whole. 
  
 “Officer” means the Chairman of the Board, the President, any Vice
President, the Treasurer or the Secretary of the Company. 
  
 “Officers’ Certificate” means a certificate signed by two Officers or by an Officer and an Assistant Treasurer or Assistant Secretary of the Company. See Sections 12.04 and 12.05. 
  
 “Opinion of Counsel” means a written opinion from legal counsel who
is acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee. See Sections 12.04 and 12.05. 
  
 “Person” means any individual, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization or
government or any agency or political subdivision thereof. 
  
 “principal” of a debt security means the principal of the security plus the premium, if any, on the security. 
  
 “SEC” means the Securities and Exchange Commission. 
  
 “Securities” means the debentures as amended or supplemented from time to time that are issued under this Indenture. 
  
 “Senior Debt” means all Debt of the Company whether outstanding on
the date of this Indenture or thereafter created, incurred or assumed, with the sole exceptions of the Securities and any Debt which by its terms is expressly subordinated in right of payment to the Securities. 
  

 -2- 

 “Subsidiary” means a corporation a majority of whose voting stock is owned by the Company or a
Subsidiary. Voting stock is capital stock having voting power under ordinary circumstances to elect directors. 
  
 “TIA” means the Trust Indenture Act of 1939 (15 U.S.C. Code §§ 77aaa-77bbbb) as in effect on the date of this Indenture. 

 
 “Trustee” means the party named as such in this Indenture until
a successor replaces it and thereafter means the successor. 
  
 “Trust Officer” means the Chairman of the Board, the President or any other officer or assistant officer of the Trustee assigned by the Trustee to administer its corporate trust matters. 
  
 “United States” means the United States of America. 
  

	SECTION 1.02.	Other Definitions. 

  

			
	 Term

	  	Defined in
Section

	 “Bankruptcy Law”
	  	6.01
	 “Common Stock”
	  	10.01
	 “Conversion Agent”
	  	2.03
	 “Custodian”
	  	6.01
	 “Event of Default”
	  	6.01
	 “Legal Holiday”
	  	12.08
	 “Paying Agent”
	  	2.03
	 “Quoted Price”
	  	10.12
	 “Registrar”
	  	2.03
	 “U.S. Government Obligations”
	  	8.01

  

	SECTION 1.03.	Incorporation by Reference of Trust Indenture Act 

  
 Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The following
TIA terms incorporated by reference in and made a part of or used in this Indenture have the following meanings: 
  
 “Commission” means the SEC. 
  
 “indenture securities” means the Securities. 
  
 “indenture security holder” means a Securityholder. 
  

 -3- 

 “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 incorporated by reference in
and made a part of or 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 therein. 
  

	SECTION 1.04.  	Rules of Construction. 

  
 Unless the context otherwise requires: 
  

	 	(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; 

  

	 	(3)	“or” is not exclusive; 

  

	 	(4)	words in the singular include the plural, and in the plural include the singular; and 

  

	 	(5)	provisions apply to successive transactions. 

  
 ARTICLE TWO 
  
 THE SECURITIES 
  

	SECTION 2.01.  	Form and Dating. 

  
 The Securities and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A. The Securities may have notations,
legends or endorsements required by law, stock exchange rule or usage. The Company shall approve the form of the Securities and any notation, legend or endorsement on them. Each Security shall be dated the date of its authentication. 
  

	SECTION 2.02.  	Execution and Authentication. 

  
 Two Officers shall sign the Securities for the Company by facsimile signature. The Company’s seal shall be reproduced on the Securities. 

 

 -4- 

 If an Officer whose signature is on a Security no longer holds that office at the time the Trustee
authenticates the Security, the Security shall be valid nevertheless. 
  
 A Security shall not be valid until the Trustee manually signs the certificate of authentication on the Security. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
  
 The Trustee shall authenticate Securities for original issue in the aggregate
principal amount stated in paragraph 4 of the Securities upon a written order of the Company signed by an Officer and an Assistant Treasurer of the Company. The aggregate principal amount of Securities outstanding at any time may not exceed that
amount except as provided in Sections 2.07 and 2.08. 
  

	SECTION 2.03.  	Registrar, Paying Agent and Conversion Agent. 

  
 The Company shall maintain an office or agency where Securities may be presented for registration of transfer or for exchange (“Registrar”), an
office or agency where Securities may be presented for payment (“Paying Agent”) and an office or agency where Securities may be presented for conversion (“Conversion Agent”). The Registrar shall keep a register of the Securities
and of their transfer and exchange. The Company may have one or more co-Registrars, one or more additional Paying Agents and one or more additional Conversion Agents. The term “Paying Agent” includes any additional paying agent; the term
“Conversion Agent” includes any additional conversion agent. 
  
 The Company shall enter into an appropriate agency agreement with any Agent not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate to such Agent. The Company shall notify the Trustee of the
name and address of any such Agent. If the Company fails to maintain a Registrar, Paying Agent or Conversion Agent, the Trustee shall act as such. 
  
 The Company initially appoints the Trustee as Registrar, Paying Agent and Conversion Agent. 
  

	SECTION 2.04.  	Paying Agent to Hold Money in Trust. 

  
 The Company shall require each Paying Agent to hold in trust for the benefit of Securityholders or the Trustee all money held by the Paying Agent for the
payment of principal of or interest on the Securities. Each Paying Agent shall notify the Trustee of any Default by the Company in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay all money
held by it to the Trustee. If the Company or a Subsidiary acts as Paying Agent, it shall segregate the 

  

 -5- 

 
money and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon doing so the
Paying Agent shall have no further liability for the money. 
  

	SECTION 2.05.  	Securityholders Lists. 

  
 The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
Securityholders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee on or before each semiannual interest payment date and at such other times as the Trustee may request in writing a list in such form and as of such date
as the Trustee may reasonably require of the names and addresses of Securityholders. 
  

	SECTION 2.06.  	Transfer and Exchange. 

  
 The Securities will be issued only in fully registered form. When a Security is presented to the Registrar or a co-Registrar with a request to register a
transfer or to exchange it for an equal principal amount of Securities of other denominations, the Registrar or co-Registrar shall register the transfer as requested if its requirements are met. To permit transfers and exchanges, the Trustee shall
authenticate Securities at the Registrar’s or co-Registrar’s request. Any exchange or transfer shall be without charge to the Securityholder, except that the Company may require payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto. 
  

	SECTION 2.07.  	Replacement Securities. 

  
 If the Holder of a Security claims that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall
authenticate a replacement Security if the Trustee’s requirements are met. An indemnity bond must be sufficient in the judgment of the Company and the Trustee to protect the Company, the Trustee or any Agent from any loss which any of them may
suffer if a Security is replaced. The Company may charge for its expenses in replacing a Security. 
  

	SECTION 2.08.  	Outstanding Securities. 

  
 Securities outstanding at any time are all Securities authenticated by the Trustee except for those cancelled by it, those delivered to it for
cancellation and those described in this Section. A Security does not cease to be outstanding because the Company or one of its affiliates holds the Security. 
  

 -6- 

 If a Security is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee
receives proof satisfactory to it that the replaced Security is held by a bonafide purchaser. 
  
 If the Paying Agent holds on a redemption date or maturity date money sufficient to pay Securities payable on that date, then on and after that date such Securities shall cease to be outstanding and interest on them
shall cease to accrue. Such Securities carry no rights except the right to receive payment. 
  

	SECTION 2.09.  	Temporary Securities. 

  
 Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities. Temporary Securities
shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. The Company shall promptly prepare and the Trustee shall authenticate definitive Securities in
exchange for temporary Securities. 
  

	SECTION 2.10.  	Cancellation. 

  
 The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar, Paying Agent and Conversion Agent shall forward to the
Trustee any Securities surrendered to them for transfer, exchange, payment or conversion. The Trustee and no one else shall cancel and destroy all Securities surrendered for transfer, exchange, payment, conversion or cancellation. The Company may
not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation or that any Securityholder has converted pursuant to Article Ten. 
  

	SECTION 2.11.  	Defaulted Interest. 

  
 If the Company defaults in a payment of interest on the Securities, it shall pay the defaulted interest to the persons who are Securityholders on a
subsequent special record date. The Company shall fix the record date and payment date. At least 15 days before the record date, the Company shall mail to each Securityholder a notice that states the record date, the payment date and the amount of
defaulted interest to be paid. The Company may pay defaulted interest in any other lawful manner. 
  

 -7- 

  
 ARTICLE THREE 
  
 REDEMPTION 
  

	SECTION 3.01.  	Notices to Trustee. 

  
 If the Company wants to redeem Securities pursuant to paragraph 5 of the Securities, it shall notify the Trustee of the redemption date and the principal
amount of Securities to be redeemed. 
  
 If the Company wants to
reduce the principal amount of Securities to be redeemed pursuant to the sinking fund provisions of paragraph 6 of the Securities, it shall notify the Trustee of the amount of the reduction and the basis for it. If the Company wants to credit
against any such redemption Securities it has not previously delivered to the Trustee for cancellation, it shall deliver the Securities with the notice. 
  
 The Company shall give each notice provided for in this Section at least 20 days before the redemption date. 
  

	SECTION 3.02.  	Selection of Securities to Be Redeemed. 

  
 If less than all the Securities are to be redeemed, the Trustee shall select the Securities to be redeemed by lot. The Trustee shall make the selection
not more than 75 days before the redemption date from Securities outstanding not previously called for redemption. The Trustee may select for redemption portions of the principal of Securities that have denominations larger than $1,000. Securities
and portions of them it selects shall be in amounts of $1,000 or integral multiples of $1, 000. Provisions of this Indenture that apply to Securities called for redemption also apply to portions of Securities called for redemption. 
  

	SECTION 3.03.  	Notice of Redemption. 

  
 At least 15 days but not more than 60 days before a redemption date, the Company shall mail a notice of redemption by first-class mail to each Holder of
Securities to be redeemed. 
  
 The notice shall identify the
Securities to be redeemed and shall state: 
  

	 	(1)	the redemption date; 

  

	 	(2)	the redemption price; 

  

 -8- 

	 	(3)	the conversion price; 

  

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

  

	 	(5)	that Securities called for redemption may be converted at any time before the close of business on the day prior to the redemption date; 

  

	 	(6)	that Holders who want to convert Securities must satisfy the requirements in paragraph 8 of the Securities; 

  

	 	(7)	that Securities called for redemption must be surrendered to the Paying Agent to collect the redemption price; and 

  

	 	(8)	that interest on Securities called for redemption ceases to accrue on and after the redemption date. 

  
 At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at its
expense. 
  

	SECTION 3.04.  	Effect of Notice of Redemption. 

  
 Once notice of redemption is mailed, Securities called for redemption become due and payable on the redemption date and at the redemption price. Upon
surrender to the Paying Agent, such Securities shall be paid at the redemption price, plus accrued interest to the redemption date. 
  

	SECTION 3.05.  	Deposit of Redemption Price. 

  
 On or before the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay the redemption price of and accrued interest on
all Securities to be redeemed on that date. The Paying Agent shall return to the Company any money not required for that purpose because of conversion of Securities. 
  

	SECTION 3.06.  	Securities Redeemed in Part. 

  
 Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security equal in principal amount to the
unredeemed portion of the Security surrendered. 
  

 -9- 

 ARTICLE FOUR 
  
 COVENANTS 
  

	SECTION 4.01.  	Payment of Securities. 

  
 The Company shall pay the principal of and interest on the Securities on the dates and in the manner provided in the Securities. 
  
 The Company shall pay interest on overdue principal at the rate borne by the
Securities; it shall pay interest on overdue installments of interest at the same rate to the extent lawful. 
  

	SECTION 4.02.  	SEC Reports. 

  
 The Company shall file with the Trustee within 15 days after it files them with the SEC, copies of the annual reports 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 Securities Exchange Act of 1934. The
Company also shall comply with the other provisions of TIA § 314(a). 
  

	SECTION 4.03.  	Annual Review Certificate. 

  
 The Company shall file with the Trustee within four months after the end of each fiscal year of the Company an Officers’ Certificate stating:

  

	 	(1)	that the signing officers have supervised a review of the activities of the Company and its Subsidiaries during the preceding fiscal year to determine whether the Company has
observed and performed its obligations under this Indenture; 

  

	 	(2)	that to the best knowledge of each officer signing such certificate the Company has observed and performed all of its covenants in this Indenture and is not in default in the
observance and performance of any of the terms, provisions and conditions of this Indenture (or if the Company is in such default, specifying those defaults and the nature thereof of which he has knowledge); and 

  

	 	(3)	that to the best knowledge of each such signing officer no event has occurred and is continuing which would prohibit payment of the principal of or interest on the Securities.

  

 -10- 

	SECTION 4.04.  	Corporate Existence. 

  
 Subject to Article Five, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect, its corporate
existence and the corporate, partnership or other existence of each Material Subsidiary in accordance with the respective organizational documents of each Material Subsidiary and the rights (charter and statutory) and material franchises of the
Company and its Material Subsidiaries; provided, however, that the Company shall not be required to preserve any such right or franchise, or the corporate existence of any Subsidiary, if such Subsidiary is merged into or consolidated with the
Company or another Subsidiary or if the Board of Directors shall determine that the preservation of such right, franchise or Subsidiary is no longer desirable in the conduct of the business of the Company and its Subsidiaries taken as a whole and
that the loss thereof is not, and will not be, adverse in any material respect to the Holders. 
  

	SECTION 4.05.  	Payment of Taxes and Other Claims. 

  
 The Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (1) all material taxes, assessments and
governmental charges levied or imposed upon the Company or any Material Subsidiary or upon the income, profits or property of the Company or any Material Subsidiary and (2) all lawful claims for labor, materials and supplies which, if unpaid, might
by law become a material lien upon the property of the Company or any Material Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim
whose amount, applicability or validity is being contested in good faith by appropriate proceedings and for which appropriate provision has been made. 
  

	SECTION 4.06.  	Maintenance of Properties, etc. 

  
 The Company will cause all material properties owned by or leased to it or any Material Subsidiary and used or useful in the conduct of its business or
the business of any Material Subsidiary to be maintained and kept in normal condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments and
improvements thereof, all as in the judgment of the Company may be necessary, so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall
prevent the Company or any subsidiary from discontinuing the use, operation or maintenance of any of such properties, or disposing of any of them, if such 

  

 -11- 

 
discontinuance or disposal is, in the judgment of the Board of Directors or of the board of directors, board of trustees or managing partners of the
Subsidiary concerned, or of an officer (or other agent employed by the Company or of any of its Subsidiaries) of the Company or such Subsidiary having managerial responsibility for any such property, desirable in the conduct of the business of the
Company or any Subsidiary, and if such discontinuance or disposal is not disadvantageous in any material respect to the Holders. 
  
 The Company will, and will cause each of its Material Subsidiaries to, maintain with financially sound and reputable insurers such insurance as may be
required by law and such other insurance, in such amounts and against such risks and liabilities, as may be reasonably available and as is customarily maintained by companies similarly situated, except to the extent that failure to so maintain such
other insurance would not, upon the occurrence of the insured-against event, materially adversely affect the business, prospects, earnings, properties, assets or condition, financial or otherwise, of the Company and its Material Subsidiaries taken
as a whole. 
  
 The Company will, and will cause each of its
Material Subsidiaries to, keep true books of records and accounts in which full and correct entries will be made of all its business transactions, in accordance with sound business practices, and reflect in its financial statements adequate accruals
and appropriations to reserves, all in accordance with generally accepted accounting principles. 
  
 The Company will, and will cause each of its Material Subsidiaries to, comply with all statutes, laws, ordinances or government rules and regulations to
which it is subject, as to which non-compliance would materially adversely affect the business, prospects, earnings, properties, assets or condition, financial or otherwise, of the Company and its Material Subsidiaries taken as a whole. 

 
 ARTICLE FIVE 
  
 SUCCESSOR CORPORATION 
  

	SECTION 5.01.  	When Company May Merge, etc. 

  
 Except for a mortgage or pledge of all or substantially all of its assets to secure Debt, and except for a sale and lease-back of all or substantially all
of its assets, the Company shall not consolidate or merge with or into, or sell, convey or otherwise transfer or lease all or substantially all of its assets to, any Person unless: 
  

	 	(1)	the Person formed by or surviving any such consolidation or merger (if other than the Company), or to which such sale or conveyance shall have been made, is a corporation,
partnership or trust organized and existing under the laws of the United States, any State thereof or the District of Columbia; 

  

 -12- 

	 	(2)	the Person formed by or surviving any such consolidation or merger (if other than the Company), or to which such sale or conveyance shall have been made, assumes by supplemental
indenture all the obligations of the Company under the Securities and this Indenture, except that it need not assume the obligations of the Company as to conversion of Securities if, pursuant to Section 10.18, the Company or another Person enters
into a supplemental indenture obligating it to deliver the securities, cash or other assets deliverable upon conversion of Securities; and 

  

	 	(3)	immediately after the transaction no Default or Event of Default exists. 

  
 The Company shall deliver to the Trustee prior to the proposed transaction an Officers’ Certificate to the foregoing effect and an Opinion of Counsel
stating that the proposed transaction and such supplemental indenture comply with this Indenture. 
  
 The surviving, transferee or lessee Person shall be the successor Company, and thereafter, except in the case of a lease, the predecessor Company shall be
released and discharged from all obligations and covenants under this Indenture and the Securities. 
  
 ARTICLE SIX 
  
 DEFAULTS AND REMEDIES 
  

	SECTION 6.01.	Events of Default. 

  
 An “Event of Default” occurs if: 
  

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

  

	 	(2)	the Company defaults in the payment of the principal of any Security when the same becomes due and payable at maturity, upon redemption or otherwise, or in the making of any sinking
fund payment required by paragraph 6 of the Securities; 

  

 -13- 

	 	(3)	the Company fails to comply with any of its other covenants, conditions or agreements in the Securities or this Indenture and the default continues for the period and after the
notice specified below; 

  

	 	(4)	the Company or any Material Subsidiary pursuant to or within the meaning of any Bankruptcy Law: 

  

	 	(A)	commences a voluntary case, 

  

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

  

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

  

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

  

	 	(5)	a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

  

	 	(A)	is for relief against the Company or any Material Subsidiary in an involuntary case, 

  

	 	(B)	appoints a Custodian of the Company or any Material Subsidiary or for all or substantially all of its property, or 

  

	 	(C)	orders the liquidation of the Company or any Material Subsidiary, and the order or decree remains unstayed and in effect for 60 days; or 

  

	 	(6)	 An event of default occurs under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any
indebtedness for money borrowed by the Company or any Material Subsidiary (or the payment of which is guaranteed by the Company or a Material Subsidiary), whether such indebtedness or guaranty now exists or shall be created hereafter, if (a) either
(i) such event of default results from the failure to pay any such indebtedness at maturity or (ii) the effect of such event of default is to cause the acceleration of such indebtedness prior to its expressed maturity and such indebtedness has been
accelerated (which acceleration has not been rescinded or annulled or such indebtedness has not been discharged within ten days of the date of such acceleration) and (b) the principal amount of such indebtedness, together with the 

  

 -14- 

	 	 
principal amount of such indebtedness in default for failure to pay principal at maturity or which has been accelerated and not rescinded, aggregates
$2,000,000 or more. 

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

  
 A Default under clause (3) or (6) is not an Event of Default
until the Trustee notifies the Company, or the Holders of at least 25% in principal amount of the outstanding Securities notify the Company and the Trustee, of the Default and the Company does not cure the Default within 60 days after receipt of the
notice. The notice must specify the Default, demand that it be remedied and state that the notice is a “Notice of Default”. 
  

	SECTION 6.02.	Acceleration. 

  
 If an Event of Default occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in principal amount of the
outstanding Securities by notice to the Company and the Trustee, may declare the principal of and accrued interest on all the Securities to be due and payable immediately. Upon such declaration such principal and interest shall be due and payable
immediately. The Holders of a majority in principal amount of the outstanding Securities by notice to the Trustee may rescind or annul an acceleration and its consequences if all existing Events of Default have been cured or waived (other than the
nonpayment of principal of and accrued interest on the Securities which shall have become due by acceleration) and if the recission or annulment would not conflict with any judgment or decree. 
  

	SECTION 6.03.	Other Remedies. 

  
 If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy by proceeding at law or in equity to collect the payment of
principal of or interest on the Securities or to enforce the performance of any provision of the Securities or this Indenture. 
  
 The Trustee may maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding. A delay or
omission by the Trustee or any Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy, or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any
other remedy. All available remedies are cumulative. 
  

 -15- 

	SECTION 6.04. 	Waiver of Past Defaults. 

  
 Subject to Section 9.02, the Holders of a majority in principal amount of the outstanding Securities by notice to the Trustee may waive an existing
Default or Event of Default and its consequences. When a Default is waived, it is cured and stops continuing. 
  

	SECTION 6.05. 	Control by Majority. 

  
 The Holders of a majority in principal amount of the outstanding Securities may direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee or exercising any trust or power conferred on it. The Trustee, however, may refuse to follow any direction that conflicts with law or this Indenture, that is unduly prejudicial to the rights of another Securityholder,
that would involve the Trustee in personal liability, or if the Trustee does not have sufficient indemnification against any loss or expense. 
  

	SECTION 6.06. 	Limitation on Suits by Holders. 

  
 No Holder of any Security shall have any right by virtue or by availing of any provision of this Indenture to institute any action or proceeding at law or
in equity or in bankruptcy or otherwise upon or under or with respect to this Indenture, or for the appointment of a Custodian, or for any other remedy hereunder unless such Holder previously shall have given to the Trustee written notice of Default
and of the continuance thereof, as hereinbefore provided, and unless the Holders of not less than 25% of principal amount of the Securities then outstanding also shall have made written request upon the Trustee to institute such action or proceeding
in its own name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee for 60 days after its receipt of
such notice, request and offer of indemnity shall have failed to institute any such action or proceeding and no direction inconsistent with such written request shall have been given to the Trustee pursuant to Section 6.05; it being understood and
intended, and being expressly covenanted by the Holder of every Security with every other Holder and the Trustee that no one or more Holders of Securities shall have any right in any manner whatever by virtue or by availing of any provision of this
Indenture to affect, disturb or prejudice the rights of any other Holder of Securities, or to obtain or seek to obtain priority over or preference to any other such Holder or to enforce any right under this Indenture, except in the manner herein
provided and for the equal, ratable and common benefit of all Holders of Securities. For the protection and enforcement 

  

 -16- 

 
of the provisions of this Section 6.06, each and every Holder and the Trustee shall be entitled to such relief as can be given either at law or in equity.

  

	SECTION 6.07. 	Rights of Holders to Receive Payment. 

  
 Subject to Article Eleven and notwithstanding any other provision of this Indenture, the right of any Holder of a Security to receive payment of principal
of and interest on the Security, on or after the respective due dates expressed in the Security, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of the
Holder. 
  
 Also, notwithstanding any other provision of this
Indenture, the right of any Holder of a Security to bring suit for the enforcement of his right to convert the Security shall not be impaired or affected without the consent of the Holder. 
  

	SECTION 6.08. 	Collection Suit by Trustee. 

  
 If an Event of Default in payment of principal or interest specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee may recover judgment
in its own name and as trustee of an express trust against the Company for the whole amount of such principal and interest remaining unpaid with interest on overdue principal and, to the extent that payment of such interest is lawful, interest on
overdue installments of interest, in each case at the rate borne by the Securities and such further amount as shall be sufficient for the costs and expenses of collection, including the reasonable compensation, expenses and disbursements of the
Trustee, its agents and counsel. 
  

	SECTION 6.09. 	Trustee May File Proofs of Claim. 

  
 The Trustee may, and is appointed the true and lawful attorney-in-fact for the Holders of the Securities to: 
  

	 	(1)	file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable
compensation, expenses and disbursements of the Trustee, its agents and counsel) and the Securityholders allowed in any judicial proceedings relative to the Company, its creditors or its property; and 

  

	 	(2)	 collect and receive any monies or property payable or deliverable on account of such claims and to distribute the same, and any Custodian in any such judicial
proceedings is hereby authorized by each Securityholder 

  

 -17- 

	 	 
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 Securityholders, to pay
to the Trustee any amount due to it for the reasonable compensation, expenses and disbursements to the Trustee, its agents and counsel, and any other amounts due to the Trustee under Section 7.07. Nothing herein contained shall be deemed to
authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to authorize the
Trustee to vote in respect of the claim of any Securityholder in any such proceeding. 

  

	SECTION 6.10. 	Priorities. 

  
 If the Trustee collects any money pursuant to this Article, it shall pay out the money in the following order: 
  
 First: to the Trustee for amounts due under Section 7.07; 
  
 Second: to holders of Senior Debt to the extent required by Article Eleven; 
  
 Third: to Securityholders for amounts due and unpaid on the Securities for principal and interest, ratably, without
preference or priority of any kind, according to the amounts due and payable on the Securities for principal and interest, respectively; and 
  
 Fourth: to the Company. 
  
 The Trustee may fix a record date and payment date for any payment to Securityholders. 
  

	SECTION 6.11. 	Undertaking for Costs. 

  
 In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as
Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees,
against any party litigant in the suit, having due regard for the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a suit by the Trustee, a suit by any Holder pursuant to Section 6.06, or a
suit by Holders of more than 10% in principal amount of the outstanding Securities, or to any suit instituted by any Holder for the enforcement of the payment of the principal 

  

 -18- 

 
of or interest on any Security, on or after the respective due dates expressed in the Security. 
  

	SECTION 6.12. 	Waiver of Usury Laws. 

  
 The Company covenants (to the extent that it may lawfully do so) that it will not at any time voluntarily insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any usury 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 (to the extent it may lawfully do so) that it will not hinder, delay or impede the execution of any power herein granted to the Trustee as a result of any such law,
but will suffer and permit the execution of every such power as though no such law had been enacted. 
  
 ARTICLE SEVEN 
  
 TRUSTEE 
  

	SECTION 7.01. 	Duties of Trustee. 

  
 (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise its rights and powers and use the same degree of care and skill in
their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 
  
 (b) Except during the continuance of an Event of Default: 
  

	 	(1)	The Trustee need perform only those duties that are specifically set forth in this Indenture and no others. 

  

	 	(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. The Trustee, however, 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 does not limit the effect of paragraph (b) of this Section. 

  

 -19- 

	 	(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. 

  

	 	(3)	The Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05, and the
Trustee shall be entitled from time to time to request such a direction. 

  
 (d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section. 
  
 (e) The Trustee may refuse to perform any duty or exercise any right or power unless it receives indemnity satisfactory to
it against any loss, liability or expense. 
  
 (f) The Trustee
shall not be liable for interest on any money received by it except as the Trustee may agree with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
  

	SECTION 7.02. 	Rights of the Trustee. 

  
 (a) The Trustee may 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 the Certificate or Opinion.

  
 (c) The Trustee may act through agents and shall not be
responsible for the misconduct or negligence of any agent appointed with due care. 
  
 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers. 
  

 -20- 

	SECTION 7.03. 	Individual Rights of Trustee. 

  
 The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or its
affiliates with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee, however, must comply with Sections 7.10 and 7.11. 
  

	SECTION 7.04. 	Trustee’s Disclaimer. 

  
 The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities; it shall not be accountable for the Company’s
use of the proceeds from the Securities; and it shall not be responsible for any statement in the Securities other than its certificate of authentication, or in any prospectus used in the sale of Securities, other than statements provided in writing
by the Trustee for use in such prospectus. 
  

	SECTION 7.05. 	Notice of Defaults. 

  
 If a Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder, as provided in Section 12.02,
notice of the Default within 90 days after it occurs. Except in the case of a Default in payment of principal of or interest on any Security or in the making of any sinking fund payment required by paragraph 6 of the Securities, 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 interest of Securityholders. 
  

	SECTION 7.06. 	Reports by Trustee to Holders. 

  
 Within 60 days after each May 15 beginning with the May 15 in the year following the date of this Indenture, the Trustee shall mail to each Securityholder
specified in TIA § 313 (c) a brief report dated as of May 15 that complies with TIA § 313(a). The Trustee shall also comply with TIA § 313(b). 
  
 A copy of each report at the time of its mailing to Securityholders shall be filed with the SEC and each stock exchange on which the Securities are
listed. 
  

	SECTION 7.07. 	Compensation and Indemnity. 

  
 The Company shall pay to the Trustee from time to time reasonable compensation for its services, which compensation shall not be limited by any provision
of law in regard to the compensation of a trustee of an express trust. The Company shall 

  

 -21- 

 
reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it in accordance with any provision of this Indenture. Such expenses
may include the reasonable compensation and expenses of the Trustee’s agents and counsel. 
  
 The Trustee shall not be under any obligation to institute any suit, or take any remedial action under this Indenture, or to enter any appearance or in any way defend in any suit in which it may be a defendant, or to
take any steps in the execution of the trusts created hereby or thereby or in the enforcement of any rights and powers under this Indenture, until it shall be indemnified to its satisfaction against any and all reasonable compensation for services,
costs, and expenses, outlays, and counsel fees and other disbursements, and against all liability not due to its willful misconduct, negligence or bad faith. The Company shall indemnify the Trustee against any loss or liability incurred by it in
connection with the acceptance and administration of the trust and its duties hereunder (other than loss or liability incurred in connection with or as a result of any act or condition, including contractual arrangements, if any, which existed on or
before the date hereof, of which the Trustee had knowledge), including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. The Trustee
shall notify the Company promptly of any claim for which it may seek indemnity. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may retain separate counsel and the Company shall reimburse the Trustee
for the reasonable fees and expenses of such counsel. Once the Company assumes the defense of such claim, the Trustee shall pay all such fees and expenses incurred by the continued retention of such counsel. If, however, such counsel advises the
Company and the Trustee as to such claim that the posture of the Company is or may be inconsistent with the posture of the Trustee, then the Trustee may resume the defense of such claim with its counsel and the Company shall pay the reasonable fees
and expenses of such counsel incurred after that time. The Company need not pay for any settlement made without its consent. 
  
 The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee through the Trustee’s willful
misconduct, negligence or bad faith. 
  
 To secure the
Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities on all money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on particular Securities.

  

 -22- 

 When the Trustee incurs expenses or renders services after an Event of Default specified in Section
6.01(4) or (5) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
  

	SECTION 7.08.  	Replacement of Trustee. 

  
 The Trustee may resign by so notifying the Company. The Holders of a majority in principal amount of the outstanding Securities may remove the Trustee by
so notifying the removed Trustee and may appoint a successor with the Company’s consent. The Company may remove the Trustee if: 
  

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

  

	 	(2)	the Trustee is adjudged a bankrupt or an insolvent; 

  

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

  

	 	(4)	the Trustee 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, the Company shall promptly appoint a successor
Trustee. 
  
 A successor Trustee shall deliver a written
acceptance of its appointment to the retiring Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.07, 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. A successor Trustee shall mail notice of its succession to each
Securityholder. 
  
 If a successor Trustee does not take office
within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of a majority in principal amount of the outstanding Securities may petition any court of competent jurisdiction for the appointment of
a successor Trustee. 
  
 If the Trustee fails to comply with
Section 7.10, any Securityholder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
  

 -23- 

	SECTION 7.09.  	Successor Trustee by Merger, etc. 

  
 If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust assets to, another corporation,
the successor corporation without any further act shall be the successor Trustee. 
  
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the
successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to Securityholders. The retiring Trustee shall promptly transfer all property held by it
as Trustee to the successor Trustee, subject to the lien provided for in Section 7.07. 
  

	SECTION 7.10.  	Eligibility; Disqualification. 

  
 This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(l). The Trustee shall have a combined capital and surplus
of at least 525,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9). 
  

	SECTION 7.11.  	Preferential Collection of Claims Against Company. 

  
 The Trustee shall comply with TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been
removed shall be subject to TIA § 311(a) to the extent indicated. 
  
 ARTICLE EIGHT 
  
 DISCHARGE OF INDENTURE 
  

	SECTION 8.01.  	Termination of Company’s Obligations. 

  
 The Company may terminate all of its obligations under the Securities and this Indenture if all Securities previously authenticated and delivered (other
than destroyed, lost or stolen Securities which have been replaced or paid) have been delivered to the Trustee cancelled or for cancellation, or if: 
  

	 	(1)	the Securities mature within one year or all of them are to be called for redemption within one year under arrangements satisfactory to the Trustee for giving the notice of
redemption; and 

  

 -24- 

	 	(2)	the Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations sufficient to pay principal and interest on the Securities to maturity or redemption,
as the case may be. 

  
 The Company’s
obligations in paragraph 12 of the Securities and in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 7.07 and 7.08, and in Article Ten, however, shall survive until the Securities are no longer outstanding. Thereafter the Company’s obligations in such
paragraph 12 and in Section 7.07 shall survive. 
  
 After a
deposit pursuant to Section 8.01(2) hereof the Trustee upon request shall acknowledge in writing the discharge of the Company’s obligations under the Securities and this Indenture except for those surviving obligations specified above.

  
 In order to have money available on a payment date to pay
principal of or interest on the Securities, the U.S. Government Obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. U.S. Government Obligations shall not be
callable at the issuer’s option. 
  
 “U.S. Government
Obligations” means direct obligations of the United States for the payment of which the full faith and credit of the United States is pledged. 
  

	SECTION 8.02.  	Application of Trust Money. 

  
 The Trustee shall hold in trust any money or U.S. Government Obligations deposited with it pursuant to Section 8.01. It shall apply the deposited money
and the proceeds from U.S. Government Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of and interest on the Securities. Money and securities so held in trust are not subject to the
subordination provisions of Article Eleven. 
  

	SECTION 8.03.  	Repayment to Company. 

  
 The Trustee and the Paying Agent shall promptly pay to the Company upon request any excess money or securities held by them at any time. The Trustee and
the Paying Agent shall pay to the Company upon request any money held by them for the payment of principal or interest that remains unclaimed for two years. After payment to the Company, Securityholders entitled to the money must look to the Company
for payment as general creditors unless an applicable abandoned property law designates another Person. 
  

 -25- 

	SECTION 8.04.  	Reinstatement. 

  
 If (i) the Trustee or Paying Agent is unable to apply any money in accordance with Section 8.02 by reason of any order or judgment of any court or
governmental authority enjoining, restraining or otherwise prohibiting such application and (ii) the Holders of at least a majority in principal amount of the then outstanding Securities so request by written notice to the Trustee, the
Company’s obligations under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.01 until such time as the Trustee or Paying Agent is permitted to apply all such money in
accordance with Section 8.02; provided, however, that if the Company makes any payment of principal or interest on any Securities following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such
Securities to receive such payment from the money held by the Trustee or Paying Agent. 
  
 ARTICLE NINE 
  
 AMENDMENTS,
SUPPLEMENTS AND WAIVERS 
  

	SECTION 9.01.  	Without Consent of Holders. 

  
 The Company may amend or supplement this Indenture or the Securities without notice to or consent of any Securityholder: 
  

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

  

	 	(2)	to comply with Sections 5.01 and 10.15; 

  

	 	(3)	to provide for uncertificated Securities in addition to or in place of certificated Securities; or 

  

	 	(4)	to make any change that does not materially adversely affect the rights of any Securityholder (including but not limited to a supplement to this Indenture under Section 5.01).

  
 The Trustee may waive compliance by the Company
with any provision of this Indenture or the Securities without notice to or consent of any Securityholder if the waiver does not adversely affect the rights of any Securityholder. 
  

	SECTION 9.02.  	With Consent of Holders. 

  
 The Company may amend or supplement this Indenture or the Securities without notice to any Securityholder but with the written consent of the Holders of
at least 66 2/3% in principal amount of the outstanding Securities. The Holders of a majority 

  

 -26- 

 
in principal amount of the outstanding Securities may waive compliance by the Company with any provision of this Indenture or the Securities without notice
to any Securityholder. Without the consent of each Securityholder affected, however, an amendment, supplement or waiver, including a waiver pursuant to Section 6.04, may not: 
  

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

  

	 	(2)	reduce the rate of or extend the time for payment of interest on any Security; 

  

	 	(3)	reduce the principal of or extend the fixed maturity of any Security; 

  

	 	(4)	change the amount or time of any sinking fund payment required by paragraph 6 of the Securities; 

  

	 	(5)	waive a default in the payment of the principal of or interest on any Security; 

  

	 	(6)	make any Security payable in money other than that stated in the Security; or 

  

	 	(7)	make any change that adversely affects the right to convert any Security or that increases the conversion price of any Security. 

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

	SECTION 9.03.  	Compliance with Trust Indenture Act. 

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

	SECTION 9.04.  	Revocation and Effect of Consents. 

  
 A consent to an amendment, supplement or waiver by a Holder of a Security shall bind the Holder and every subsequent Holder of a Security or portion of a
Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. Any such Holder or subsequent Holder, however, may revoke the consent as to his Security or portion of a
Security. Such revocation shall be effective only if the Trustee receives the notice of revocation before the date the amendment, supplement or waiver becomes effective. 
  

 -27- 

 An amendment, supplement or waiver shall become effective when it has been approved by the Holders of the
majority or other percentage in principal amount of the outstanding Securities specified in this Indenture in connection with such amendment, supplement or waiver. After an amendment, supplement or waiver becomes effective, it shall bind every
Securityholder unless it makes a change described in any of clauses (2) through (7) of Section 9.02. In that case the amendment, supplement or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a
Security or portion of a Security that evidences the same debt as the consenting Holder’s Security. 
  

	SECTION 9.05.  	Notation on or Exchange of Securities. 

  
 If an amendment, supplement or waiver changes the terms of a Security, the Trustee may require the Holder of the Security to deliver it to the Trustee.
The Trustee may place an appropriate notation on the Security about the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Security shall issue and the Trustee shall
authenticate a new security that reflects the changed terms. 
  

	SECTION 9.06.  	Trustee to Sign Amendments, etc. 

  
 The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article if the amendment, supplement or waiver does not adversely
affect the rights of the Trustee. If it does, the Trustee may but need not sign it. The Company may not sign an amendment or supplement until the Board of Directors approves it. 
  
 ARTICLE TEN 
  
 CONVERSION 
  

	SECTION 10.01.  	Conversion Privilege. 

  
 A Holder of a security may convert it into shares of Common Stock at any time during the period stated in paragraph 8 of the Securities. The number of
shares issuable upon conversion of a Security is determined as follows: Divide the principal amount converted by the conversion price in effect on the conversion date. Round the result to the nearest l/100th of a share. 
  
 The initial conversion price is stated in paragraph 8 of Exhibit A. The
conversion price is subject to adjustment. See Sections 10.06 through 10.15. 
  

 -28- 

 A Holder may convert a portion of a Security if the portion is $1,000 or an integral multiple of $1,000.
Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of it. 
  
 “Common Stock” means Common Stock, $.01 par value, of the Company as it exists on the date of this Indenture as originally signed. 

 

	SECTION 10.02.  	Conversion Procedure. 

  
 To convert a Security, a Holder must satisfy the requirements in paragraph 8 of the Securities. The date on which the Holder satisfies all those
requirements is the conversion date. As soon as practical, the Company shall deliver through the Conversion Agent a certificate for the number of full shares of Common Stock issuable upon the conversion and a check for any fractional share. The
Person in whose name the certificate is registered becomes a shareholder of record on the conversion date. 
  
 No payment or adjustment will be made by or on behalf of the Company for accrued interest on a converted Security or for dividends or distributions on
shares of Common Stock issued upon a conversion of a security, which were declared for payment to holders of Common Stock of record prior to conversion. 
  
 If a Holder converts more than one Security at the same time, the number of full shares issuable upon the conversion shall be based on the total principal
of the Securities converted. 
  
 Upon surrender of a Security that
is converted in part, the Trustee shall authenticate for the Holder a new Security equal in principal amount to the unconverted portion of the security surrendered. 
  
 If the last day on which a Security may be converted is a Legal Holiday in a place where a Conversion Agent is located, the
Security may be surrendered to that Conversion Agent on the next succeeding day that is not a Legal Holiday. 
  

	SECTION 10.03.  	Fractional Shares. 

  
 The Company will not issue a fractional share of Common Stock upon conversion of a security. Instead the Company will deliver its check for the current
market value of the fractional share. The current market value of a fraction of a share is determined as follows: Multiply the current market price of a full share by the fraction. Round the result to the nearest cent. 
  

 -29- 

 The current market price of a share of Common Stock for the purpose of this Section 10.03 shall be the
Quoted Price of the Common Stock on the last trading day prior to the conversion date. In the absence of any such quotation, the Company shall determine the current market price on the basis of such quotations as it considers appropriate.

  

	SECTION 10.04.  	Taxes on Conversion. 

  
 If a Holder of a Security converts it, the Company shall pay any documentary, stamp or similar issue tax due on the issue of shares of Common Stock upon
the conversion. The Holder, however, shall pay any such tax which is due because the shares are issued in a name other than the Holder’s. 
  

	SECTION 10.05.  	Company to Provide Stock. 

  
 The Company shall reserve out of its authorized but unissued shares of Common Stock or its shares of Common Stock held in treasury enough shares of Common
Stock to permit the conversion of the Securities. 
  
 All shares
of Common Stock which may be issued upon conversion of the Securities shall be fully paid and non-assessable. 
  
 In order that the Company may issue shares of Common Stock upon conversion of the Securities, the Company will endeavor to comply with all applicable
Federal and State securities laws and will endeavor to list such shares on each national securities exchange, if any, on which the Common Stock is listed. 
  

	SECTION 10.06.  	Adjustment for Change in Capital Stock. 

  
 Except as provided in Section 10.18, if the Company: 
  

	 	(1)	pays a stock dividend or makes a distribution in shares of its Common Stock; 

  

	 	(2)	subdivides its outstanding shares of Common Stock into a greater number of shares; 

  

	 	(3)	combines its outstanding shares of Common Stock into a smaller number of shares; 

  

	 	(4)	distributes to all holders of its Common Stock shares of its capital stock other than Common Stock; or 

  

 -30- 

	 	(5)	issues by reclassification of its shares of Common Stock any shares of its capital stock, 

  
 then the conversion privilege and the conversion price in effect immediately prior to such action shall be adjusted so that the Holder of
any Security thereafter converted may receive the number of shares of capital stock of the Company which he would have owned immediately following such action if he had converted the Security immediately prior to such action. 
  
 For a dividend or distribution in shares, the adjustment shall become
effective immediately after the record date for the dividend or distribution. For a subdivision, combination or reclassification, the adjustment shall become effective immediately after the effective date of the subdivision, combination or
reclassification. 
  
 If after an adjustment a Holder of a
Security upon conversion of it may receive shares of two or more classes of capital stock of the Company, the Board of Directors shall determine the allocation of the adjusted conversion price between or among the classes of capital stock. After
such allocation, the conversion privilege and the conversion price of each class of capital stock shall thereafter be subject to adjustment on terms comparable to those applicable to Common Stock in this Indenture. 
  

	SECTION 10.07.  	Adjustment for Rights Issue. 

  
 If the Company issues any rights or warrants to all holders of shares of its Common Stock entitling them for a period expiring within 60 days after the
record date mentioned below to purchase shares of Common Stock (or securities convertible into shares of Common Stock) at a price per share (or having a conversion price per share) less than the current market price per share on that record date,
the conversion price shall be adjusted in accordance with the following formula: 
  
                              N x P 
 C1  =  C  x     O   +     M     
                  O + N 
  
 where 
  

	 	C1	=     the adjusted conversion price. 

  

	 	C	=     the then current conversion price. 

  

	 	O	=     the number of shares of Common Stock outstanding on the record date. 

  

 -31- 

	 	N	=     the number of additional shares of Common Stock offered. 

  

	 	P	=     the offering or conversion price per share of the additional shares. 

  

	 	M	=     the current market price per share of Common Stock on the record date. See Section 10.12. 

  
 The adjustment shall be made successively whenever any such rights or
warrants are issued, and shall become effective immediately after the record date for the determination of stockholders entitled to receive the rights or warrants. If all of the shares of Common Stock or securities convertible into shares of Common
Stock subject to such rights or warrants have not been issued when such rights or warrants expire, then the conversion price shall promptly be readjusted to the conversion price which would then be in effect had the adjustment upon the issuance of
such rights or warrants been made on the basis of the actual number of shares of Common Stock (or securities convertible into shares of Common Stock) issued upon the exercise of such rights or warrants. 
  

	SECTION 10.08.  	Adjustment for Other Distributions. 

  
 If the Company distributes to all holders of shares of its Common Stock any of its assets or debt securities or any rights or warrants to purchase
securities of the Company, the conversion price shall be adjusted in accordance with the following formula. 
  
 C1  =  C    x      (OxM) - F   
                       OxM 
  
 where 
  

					
			
	C1	  	=	  	 the adjusted conversion price.

			
	C  	  	=	  	 the then current conversion price.

			
	O  	  	=	  	 the number of shares of Common Stock outstanding on the record date mentioned below.

			
	M  	  	=	  	 the current market price per share of Common Stock on the record date. See Section 10.12.

			
	F  	  	=	  	the fair market value on the record date of the assets, securities, rights or warrants distributed. The Board of Directors shall determine the fair market value.

  

 -32- 

 The adjustment shall be made successively whenever any such distribution is made, and shall become
effective immediately after the record date for the determination of stockholders entitled to receive the distribution. 
  
 This Section does not apply to cash dividends or cash distributions paid out of consolidated current net income or retained earnings as shown on the books
of the Company. Also, this Section does not apply to rights or warrants referred to in Section 10.07. 
  
 No adjustment in the conversion price need be made under Section 10.07 or this Section for sales of shares of Common Stock pursuant to a Company plan
providing for reinvestment of dividends or interest or a Company stock option plan under which options may be granted generally to employees or affiliates of the Company. 
  

	SECTION 10.09.  	Adjustment for Common Stock Issue. 

  
 If the Company issues shares of Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the
offering price of such additional shares, the conversion price shall be adjusted in accordance with the following formula: 
  

	
	                            O
    +      P 
	C1  =  C  x                          M
	                            A

  
 where: 
  

					
			
	C1	  	=	  	 the adjusted conversion price.

			
	C  	  	=	  	 the current conversion price.

			
	O  	  	=	  	 the number of shares of Common Stock outstanding immediately prior to the issuance of such additional shares.

			
	P  	  	=	  	 the aggregate consideration received for the issuance of such additional shares.

			
	M  	  	=	  	 the current market price per share of Common Stock on the date of issuance of such additional shares.

			
	A  	  	=	  	 the number of shares of Common Stock outstanding immediately after the issuance of such additional shares.

  

 -33- 

 The adjustment shall be made successively whenever any such issuance is made, and shall become effective
immediately after such issuance. 
  
 This Section does not apply
to (i) any of the transactions described in Sections 10.07 and 10.08, (ii) the conversion of Securities, or the conversion or exchange of other securities convertible into or exchangeable for Common Stock, (iii) Common Stock issued pursuant to a
Company stock option plan under which options may be granted generally to employees or affiliates of the Company or Common Stock issued to the Company’s employees under bona fide employee benefit plans adopted by the Board of Directors and
approved by the holders of Common Stock when required by law, if such Common Stock would otherwise be covered by this Section, (iv) Common Stock issued upon the exercise of rights or warrants to the holders of Common Stock, (v) Common Stock issued
to partners, owners or shareholders of any Person the assets of which are acquired or which merges into the Company or a Subsidiary in proportion to their partnership or ownership interest or stock holdings in such Person immediately prior to such
acquisition or merger, upon such acquisition or merger, (vi) Common Stock issued in a bona fide public offering pursuant to a firm commitment underwriting, or (vii) Common Stock issued in a bona fide private placement through a placement agent which
is a member firm of the National Association of Securities Dealers, Inc. (except to the extent that any discount from the current market price attributable to restrictions on transferability of the Common Stock, as determined in good faith by the
Board of Directors and described in a Board resolution which shall be filed with the Trustee, shall exceed 20%). 
  

	SECTION 10.10.  	Adjustment for Convertible Securities Issue. 

  
 If the Company issues any securities convertible into or exchangeable for Common Stock (other than the Securities or securities issued in transactions
described in Sections 10.07 and 10.08) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price per share on the date of issuance of such securities, the
conversion price shall be adjusted in accordance with the following formula: 
  

	
	                             O    +     P
 
	                                      
      M
	C1  =  C  
x            O    +    D 

  
 where: 
  

					
			
	C1	  	=	  	 the adjusted conversion price.

  

 -34- 

					
			
	C	  	=	  	 the current conversion price.

			
	O	  	=	  	 the number of shares of Common Stock outstanding immediately prior to the issuance of such securities.

			
	P	  	=	  	 the aggregate consideration received for the issuance of such securities.

			
	M	  	=	  	 the current market price per share of Common Stock on the date of issuance of such securities.

			
	D	  	=	  	the maximum number of shares of Common Stock deliverable upon conversion or in exchange for such securities at the initial conversion or exchange rate.

  
 The adjustment shall
be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. If all of the Common Stock deliverable upon conversion or exchange of such securities has not been issued when such securities are
no longer outstanding, then the conversion price shall promptly be readjusted to the conversion price which would then be in effect had the adjustment upon the issuance of such securities been made on the basis of the actual number of shares of
Common Stock issued upon the conversion of such securities. 
  
 This Section does not apply to (i) convertible securities issued to partners, owners or shareholders of any Person the assets of which are acquired or which merges into the Company, or with a Subsidiary, in proportion to their partnership
or ownership interest or stock holdings in such Person immediately prior to such acquisition or merger, upon such acquisition or merger, (ii) convertible securities issued in a bona fide public offering pursuant to a firm commitment underwriting or
(iii) convertible securities issued in a bona fide private placement through a placement agent which is a member firm of the National Association of Securities Dealers, Inc. (except to the extent that any discount from the current market price
attributable to restrictions on transferability of Common Stock issuable upon conversion, as determined in good faith by the Board of Directors and described in a Board resolution which shall be filed with the Trustee, shall exceed 20%). 

 

	SECTION 10.11.  	Voluntary Adjustment. 

  
 The Company at any time after reasonable notice to the Trustee and to Holders, may reduce, either permanently or for a limited period of time, the
conversion price by any amount. 
  

 -35- 

	SECTION 10.12.  	Current Market Price. 

  
 In Sections 10.03, 10.07, 10.08, 10.09 and 10.10 the current market price per share of Common Stock on any date is the average of the Quoted Prices of the
Common Stock for 30 consecutive trading days commencing 45 trading days before the date of such computation. In the absence of any such quotation, the Company shall determine the current market price on the basis of such quotations as it considers
appropriate. 
  
 In Section 10.03 and this Section 10.12, the
“Quoted Price” of the Common Stock on a given day is the last reported sale price regular way or, in case no such reported sales take place on such day, the average of the closing bid and asked prices regular way for such date, in each
case on the principal national securities exchange on which the shares of Common Stock are listed or admitted to trading or, if not listed or admitted to trading, the last sale price regular way for the Common Stock as published by NASDAQ or if such
last sale price is not so published by NASDAQ or if no such sale takes place on such day, the average of the closing bid and asked prices for the Common Stock as published by NASDAQ. 
  

	SECTION 10.13.  	Consideration Received. 

  
 For purposes of any computation respecting consideration received pursuant to Sections 10.09 and 10.10, the following shall apply: 
  

	 	(1)	in the case of the issuance of shares of Common Stock for cash, the consideration shall be the amount of such cash, provided that in no case shall any deduction be made for any
commissions, discounts or other expenses incurred by the Company for any underwriting of the issue or otherwise in connection therewith; 

  

	 	(2)	in the case of the issuance of shares of Common Stock for a consideration in whole or in part other than cash, the consideration other than cash shall be deemed to be the fair
market value thereof as determined in good faith by the Board of Directors (irrespective of the accounting treatment thereof), whose determination shall be conclusive, and described in a Board resolution which shall be filed with the Trustee; and

  

	 	(3)	 in the case of the issuance of securities convertible into or exchangeable for shares, the aggregate consideration received therefor shall be deemed to be the
consideration received by the Company for the issuance of such securities plus the additional minimum consideration, if any, to be received by the Company 

  

 -36- 

	 	 
upon the conversion or exchange thereof (the consideration in each case to be determined in the same manner as provided in clauses (1) and (2) of this
Section). 

  

	SECTION 10.14.  	When Adjustment May be Deferred. 

  
 No adjustment in the conversion price need be made unless the adjustment would require an increase or decrease of at least $0.25 in the conversion price.
Any adjustments which are not made shall be carried forward and taken into account in any subsequent adjustment. 
  
 All calculations under this Article shall be made to the nearest cent or to the nearest 1/100th of a share, as the case may be. 
  

	SECTION 10.15.  	When Adjustment Is Not Required. 

  
 Unless this Article provides otherwise, no adjustment in the conversion price shall be made because the Company issues, in exchange for cash, property or
services, shares of Common Stock, or any securities convertible into or exchangeable for shares of Common Stock, or securities carrying the right to purchase Shares of Common Stock or such convertible or exchangeable securities. 
  

	SECTION 10.16.  	Notice of Adjustment. 

  
 Whenever the conversion price is required to be adjusted, the Company shall promptly mail to Securityholders a notice of the adjustment and file with the
Trustee an Officers’ Certificate briefly stating the facts requiring the adjustment and the manner of computing it. The Certificate shall be conclusive evidence that the adjustment is correct. 
  

	SECTION 10.17.  	Notice of Certain Transactions. 

  
 If: 
  

	 	(1)	the Company takes any action which would require an adjustment in the conversion price pursuant to Section 10.06, 10.07, 10.08, 10.09 or 10.10; 

  

	 	(2)	the Company takes any action that would require a supplemental indenture pursuant to Section 10.18; or 

  

 -37- 

	 	(3)	there is a dissolution or liquidation of the Company, the company shall mail to Securityholders and the Trustee a notice stating the proposed record or effective date, as the case
may be, of the transaction. The Company shall mail the notice at least 10 days before such date. Failure to mail the notice or any defect in it shall not affect the validity of any transaction referred to in clause (1), (2) or (3) of this Section.

  

	SECTION 10.18.  	Consolidation, Merger or Sale of the Company. 

  
 If the Company is a party to a transaction described in Section 5.01 or a merger which reclassifies or changes its outstanding Common Stock, the Person
obligated to deliver securities, cash or assets upon conversion of Securities shall enter into an supplemental indenture. If the issuer of the securities deliverable upon conversion of Securities is an affiliate of the surviving, transferee or
lessee Person, the issuer shall join in the supplemental indenture. The supplemental indenture shall provide that the Holder of a Security may convert it into the kind and amount of securities or assets which he would have owned immediately after
the consolidation, merger or transfer if he had converted the Security immediately before the effective date of such transaction. The supplemental indenture shall provide for adjustments which shall be as nearly equivalent as may be practical to the
adjustments provided for in this Article. The Trustee shall mail to each Securityholder a notice briefly describing the supplemental indenture. 
  
 If this Section applies, Section 10.06 shall not apply. 
  

	SECTION 10.19.  	Company Determination Final. 

  
 Any determination which the Board of Directors must make pursuant to this Article Tenth is conclusive. 
  

	SECTION 10.20.  	Trustee’s Disclaimer. 

  
 The Trustee has no duty to determine when an adjustment under this Article should be made, how it should be made or what it should be. The Trustee has no
duty to determine whether any provisions of a supplemental indenture under Section 10.18 are correct. The Trustee makes no representation as to the validity or value of any securities or assets issued upon conversion of Securities. The Trustee shall
not be responsible for the Company’s failure to comply with this Article. Each Conversion Agent other than the Company shall have the same protection under this Section as the Trustee. 
  

 -38- 

 ARTICLE ELEVEN 
  
 SUBORDINATION 
  

	SECTION 11.01.  	Securities Subordinated to Senior Debt. 

  
 The Company agrees, and each Holder of Securities by his acceptance thereof likewise agrees, that the payment of the principal of and interest on the
Securities is subordinated, to the extent and in the manner provided in this Article, to the prior payment in full of all Senior Debt. 
  
 This Article shall constitute a continuing offer to all persons who, in reliance upon such provisions, become holders of, or continue to hold Senior Debt,
and such provisions are made for the benefit of the holders of Senior Debt, and such holders are made obligees hereunder and they and/or each of them may enforce such provisions. 
  

	SECTION 11.02.  	Company Not to Make Payments with Respect to Securities in Certain Circumstances. 

  
 (a) Upon the maturity of any Senior Debt by lapse of time, acceleration or otherwise, all principal thereof, and accrued
interest thereon shall first be paid in full, or such payment duly provided for in cash or in a manner satisfactory to the holders of such Senior Debt, before any payment is made on account of the principal of or interest on the Securities or to
acquire any of the Securities or on account of the sinking fund provisions of paragraph 6 of the Securities (except sinking fund payments made in respect of Securities acquired by the Company before the maturity of such Senior Debt). 
  
 (b) Upon the happening of any default in payment of the principal of, sinking
fund or interest on any Senior Debt, then, unless and until such default shall have been cured or waived or shall have ceased to exist, no payment shall be made by the Company with respect to the principal of or interest on the Securities or to
acquire any of the Securities or on account of the sinking fund provisions of paragraph 6 of the Securities (except sinking fund payments made in respect of Securities acquired by the Company before such default and notice thereof). Nothing in this
Article, however, shall relieve the holders of such Senior Debt or their representative from any notice requirements set forth in the instrument evidencing such Senior Debt. 
  
 (c) During the continuance of any other event of default with respect to Senior Debt entitling the holders thereof to
accelerate the maturity thereof, upon written notice given to the Company and the Trustee by any holder of Senior Debt or their 

  

 -39- 

 
representative no payment may be made by the Company upon or in respect of the Securities for a period of 60 days after the earlier of the date the Company
or the Trustee receives written notice of such default from a person entitled to give such notice but payments may thereafter be resumed unless the Senior Debt with respect to which a default exists has been declared to be accelerated by such Senior
Debt holders pursuant to the terms of the Senior Debt. No new 60 day period of suspension of payments relating to the same default (or another default in existence at the time of the prior notice) on the same issue of Senior Debt may be commenced
within one year after the first such notice relating thereto. 
  
 (d) In the event that, notwithstanding the provisions of this Section 11.02, the Company shall make any payment to the Trustee on account of the principal of or interest on the Securities, or on account of the sinking fund provisions of
paragraph 6 of the Securities, after the happening of a default with respect to Senior Debt specified in this Section 11.02, then, unless and until such default shall have been cured or waived or shall have ceased to exist, such payment (subject to
the provisions of Sections 11.06 and 11.07) shall be held by the Trustee, in trust for the benefit of, and shall be paid forthwith over and delivered to, the holders of Senior Debt (pro rata as to each of such holders on the basis of the respective
amounts of Senior Debt held by them) or their representative or the trustee under the indenture or other agreement (if any) pursuant to which Senior Debt may have been issued, as their respective interests may appear, for application to the payment
of all Senior Debt remaining unpaid to the extent necessary to pay all Senior Debt in full in accordance with its terms, after giving effect to any concurrent payment or distribution to or for the holders of Senior Debt. The Company shall give
prompt written notice to the Trustee of any default with respect to Senior Debt specified in this Section 11.02. 
  

	SECTION 11.03.  	Securities Subordinated to Prior Payment of All Senior Debt on Dissolution, Liquidation or Reorganization of Company. 

  
 Upon any distribution of assets of the Company upon any dissolution, winding
up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or otherwise): 
  
 (a) the holders of all Senior Debt shall first be entitled to receive payments in full of the principal thereof and interest
due thereon before the Holders of the Securities are entitled to receive any payment on account of the principal of or interest on the Securities; 
  

 -40- 

 (b) any payment or distribution of assets of the Company of any kind or character, whether in cash,
property or securities, to which the Holders of the Securities or the Trustee on behalf of the Holders of the Securities would be entitled except for the provisions of this Article Eleven, shall be paid by the liquidating trustee or agent or other
person making such payment or distribution directly to the holders of Senior Debt or their representative, or to the trustee under any indenture under which Senior Debt may have been issued (pro rata as to each such holder, representative or trustee
on the basis of the respective amounts of unpaid Senior Debt held or represented by each), to the extent necessary to make payment in full of all Senior Debt remaining unpaid, after giving effect to any concurrent payment or distribution or
provision therefor to the holders of such Senior Debt; and 
  
 (c)
in the event that notwithstanding the foregoing provisions of this Section 11.03, any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, shall be received by the Trustee or the Holders
of the Securities on account of principal of or interest on the Securities before all Senior Debt is paid in full, or effective provision made for its payment, such payment or distribution (subject to the provisions of Sections 11.06 and 11.07)
shall be received and held in trust for and shall be paid over to the holders of the Senior Debt remaining unpaid or unprovided for or their representative, or to the trustee under any indenture under which such Senior Debt may have been issued (pro
rata as provided in subsection (b) above), for application to the payment of such Senior Debt until all such Senior Debt shall have been paid in full, after giving effect to any concurrent payment or distribution or provisions therefor to the
holders of such Senior Debt. 
  
 Upon any payment or distribution
of assets of the Company referred to in this Article Eleven, the Trustee and the Holders shall be entitled to rely upon a certificate of the receiver, trustee in bankruptcy, liquidating trustee, agent or other person making such payment or
distribution, delivered to the Trustee or to the Holders, for the purpose of ascertaining the person entitled to participate in such distribution, the holders of the Senior Debt and other indebtedness of the Company, the amount thereof or payable
thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article Eleven. The Trustee shall be entitled to rely on the delivery to it of a written notice by a person representing himself to be a
holder of Senior Debt (or a trustee on behalf of such holder) to establish that such notice has been given by a holder of Senior Debt or a trustee on behalf of any such holder. In the event that the Trustee determines, in good faith, 

  

 -41- 

 
that further evidence is required with respect to the right of any person as a holder of Senior Debt to participate in any payments or distribution pursuant
to this Article Eleven, the Trustee may request such person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Debt held by such person, as to the extent to which such person is entitled to participate in
such payment or distribution, and as to other facts pertinent to the rights of such person under this Article Eleven, and if such evidence is not furnished, the Trustee may defer any payment to such person pending judicial determination as to the
right of such person to receive such payment. 
  
 The Company
shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company. 
  

	SECTION 11.04.  	Securityholders to Be Subrogated to Right of Holders of Senior Debt. 

  
 Subject to the payment in full of all Senior Debt, the Holders of the Securities shall be subrogated equally and ratably to the rights of the holders of
Senior Debt to receive payments or distributions of assets of the Company applicable to the Senior Debt until all amounts owing on the Securities shall be paid in full, and for the purpose of such subrogation no payments or distributions to the
holders of the Senior Debt by or on behalf of the Company or by or on behalf of the Holders of the Securities by virtue of this Article Eleven which otherwise would have been made to the Holders of the Securities shall, as between the Company, its
creditors other than holders of Senior Debt and the Holders of the Securities, be deemed to be payment by the Company to or on account of the Senior Debt, it being understood that the provisions of this Article Eleven are and are intended solely for
the purpose of defining the relative rights of the Holders of the Securities, on the one hand, and the holders of the Senior Debt, on the other hand. 
  

	SECTION 11.05.  	Obligation of the Company Unconditional. 

  
 Nothing contained in this Article Eleven or elsewhere in this Indenture or in any Security is intended to or shall impair, as between the Company, its
creditors other than holders of Senior Debt and the Holders of the Securities, the obligation the Company, which is absolute and unconditional, to pay to Holders of the Securities the principal of and interest on the Securities as and when the same
shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Securities and creditors of the Company other than the holders of the Senior Debt, nor shall anything herein or
therein prevent the Trustee 

  

 -42- 

 
or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if
any, under this Article Eleven of the holders of Senior Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy. 
  
 Nothing contained in this Article Eleven or elsewhere in this Indenture or in any Security is intended to or shall affect
the obligation of the Company to make, or prevent the Company from making, at any time except during the pendency of any dissolution, winding up, liquidation or reorganization proceeding, and except during the continuance of any event of default
specified in Section 11.02 (not cured or waived) payments at any time of the principal of or interest on the Securities. 
  

	SECTION 11.06.  	Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. 

  
 The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the
Trustee, unless and until the Trustee shall have received written notice thereof from the Company or from one or more holders of Senior Debt or from any representative thereof or from any trustee therefor; and, prior to the receipt of any such
written notice, the Trustee, subject to the provisions of Sections 7.01 and 7.02, shall be entitled to assume conclusively that no such facts exist. 
  

	SECTION 11.07.  	Application by Trustee of Monies Deposited with It. 

  
 Except as provided in Section 8.02, any deposit of monies by the Company with the Trustee or any Paying Agent (whether or not in trust) for the payment of
the principal of or interest on any Securities shall be subject to the provisions of Sections 11.01, 11.02, 11.03 and 11.04 except that, if prior to the date on which by the terms of this Indenture any such monies may become payable for any purpose
(including, without limitation, the payment of either the principal of or the interest on any Security) the Trustee shall not have received with respect to such monies the notice provided for in Section 11.06, then the Trustee shall have full power
and authority to receive such monies and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be received by it on or after such date. This section shall be construed solely
for the benefit of the Trustee and Paying Agent and shall not otherwise affect the rights of holders of such Senior Debt. 
  

 -43- 

	SECTION 11.08.  	Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Debt. 

  
 No right of any present or future holders of any Senior Debt to enforce subordination as provided herein shall at any time
in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms of this Indenture, regardless of
any knowledge thereof which any such holder may have or be otherwise charged with. 
  

	SECTION 11.09.  	Securityholders Authorize Trustee to Effectuate Subordination of Securities. 

  

Each Holder of the Securities by his acceptance thereof authorizes and expressly directs the Trustee on his behalf to take such action as may be
necessary or appropriate to effectuate the subordination provided in this Article Eleven and appoints the Trustee his attorney-in-fact for such purpose, including, in the event of any dissolution, winding up, liquidation or reorganization of the
Company (whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the immediate filing of a claim for the
unpaid balance of its or his Securities in the form required in said proceedings and cause said claim to be approved. If the Trustee does not file a proper claim or proof of debt in the form required in such proceeding prior to 30 days before the
expiration of the time to file such claim or claims, then the holders of Senior Debt are hereby authorized to have the right to file and are hereby authorized to file an appropriate claim for and on behalf of the Holders of said Securities.

  
 With respect to the holders of Senior Debt, the Trustee
undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Eleven, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Indenture
against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt and, subject to the provisions of Section 7.01, the Trustee shall not be liable to any holder of Senior Debt if it shall mistakenly pay over
or deliver to Holders, the Company or any other Person, monies or assets to which any holder of Senior Debt shall be entitled by virtue of this Article Eleven or otherwise. 
  

 -44- 

	SECTION 11.10.  	Right of Trustee to Hold Senior Debt; Compensation Not Prejudiced. 

  
 The Trustee shall be entitled to all of the rights set forth in this Article Eleven in respect of any Senior Debt at any time held by it to the same
extent as any other holder of Senior Debt, and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article Eleven shall apply to claims of or payments to the Trustee pursuant to
Section 7.07. 
  

	SECTION 11.11.  	Article Eleven Not to Prevent Events of Default. 

  
 The failure to make a payment on account of principal or interest by reason of any provision in this Article Eleven shall not be construed as preventing
the occurrence of an Event of Default under Section 6.01. 
  
 ARTICLE TWELVE 
  
 MISCELLANEOUS 
  

	SECTION 12.01.  	Trust Indenture Act Controls. 

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

	SECTION 12.02.  	Notices. 

  
 Any notice or communication shall be sufficiently given if in writing and delivered in person or mailed by registered or certified mail, return receipt requested addressed as follows: 
  
 if to the Company: 
  
 GREENERY REHABILITATION GROUP, INC. 
 25C Olympia Avenue 
 Woburn, Massachusetts
01801 
 Attention:    Chief Financial Officer 
  
 if to the Trustee: 
  
 SHAWMUT BANK OF BOSTON, N. A. 
 One Federal
Street 
 Boston, Massachusetts 02211 
 Attention:    Officer-in-Charge, Corporate 
                       Trust Department 
  

 -45- 

 The Company or the Trustee by notice to the other may designate additional or different addresses for
subsequent notices or communications. 
  
 Any notice or
communication mailed to a Securityholder shall be sufficiently given to him if mailed to him by first-class mail at his address as it appears on the register kept by the Registrar and shall be so mailed within the time prescribed. 
  
 Failure to mail a notice or communication to a Securityholder or any defect
in it shall not affect its sufficiency with respect to other Securityholders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 
  

	SECTION 12.03.  	Communication by Holders with Other Holders. 

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

	SECTION 12.04.  	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. 

  

	SECTION 12.05.  	Statements Required in Certificate or Opinion. 

  
 Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
  

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

  

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

  

 -46- 

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

  

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

  

	SECTION 12.06.  	When Treasury Securities Disregarded. 

  
 In determining whether the Holders of the required principal amount of Securities have concurred in any direction, waiver or consent, Securities owned by
the Company or by any person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in
relying on any such direction, waiver or consent, only Securities which the Trustee knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s rights so to act with respect to the Securities and if the pledgee is not the Company or an affiliate of the Company. Also, subject to the foregoing, only Securities outstanding at the time shall be
considered in any such determination. 
  

	SECTION 12.07.  	Rules by Trustee and Agents. 

  
 The Trustee may make reasonable rules for the administration of this Indenture. Such rules may cover matters relating to action by or a meeting of
Securityholders. The Registrar, Paying Agent or Conversion Agent may make reasonable rules for its functions. 
  

	SECTION 12.08.  	Legal Holidays. 

  
 A “Legal Holiday” is a Saturday, a Sunday or a day on which banking institutions in The Commonwealth of Massachusetts are not required to be
open. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. 
  

 -47- 

	SECTION 12.09.  	Governing Law. 

  
 The laws of The Commonwealth of Massachusetts shall govern this Indenture and the Securities. 
  

	SECTION 12.10.  	No Adverse Interpretation of Other Agreements. 

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

	SECTION 12.11.  	No Recourse Against Others. 

  
 All liability described in paragraph 17 of the Securities of any director, officer, employee or shareholder, as such, of the Company is waived and
released. 
  

	SECTION 12.12.  	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 12.13.  	Duplicate 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.

  

	SECTION 12.14.  	Severability. 

  
 In case any one or more of the provisions contained in this Indenture or in the Securities shall for any reason be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture or of such Securities. 
  

 -48- 

 SIGNATURES 
  

									
	 Dated as of June 16, 1986
	 	 	 	 GREENERY REHABILITATION GROUP, INC.

					
	 	 	 	 	 	 	By: 	 	/s/ Illegible
	 	 	 	 	 	 	 	 	President

  

	
	[SEAL]
	
	Attest:
	
	/s/ Illegible
	Secretary

  

									
	 Dated as of June 16, 1986
	 	 	 	 SHAWMUT BANK OF BOSTON, N.A.

					
	 	 	 	 	 	 	By: 	 	/s/ Illegible
	 	 	 	 	 	 	 	 	Vice President

  

	
	[SEAL]
	
	Attest:
	
	/s/ Illegible
	Authorized Officer

  

 -49- 

  
 EXHIBIT A 
  
 [FACE OF SECURITY] 
  
 No. 
  

GREENERY REHABILITATION GROUP, INC. 
  
 6 1/2% Convertible Subordinated Debenture Due 2011 
  
 Greenery Rehabilitation Group, Inc. promises to pay to 
  

			
	or registered assigns	 	 
	the principal sum of	 	Dollars on June     , 2011.

  

					
	INTEREST	  	Payment Dates:	  	June 15 and December 15
	 	  	Record Dates:	  	June 1 and December 1

  

									
	 	 	 	 	 Dated:

			
	 	 	 	 	 GREENERY REHABILITATION GROUP, INC.

			
	 SHAWMUT BANK OF BOSTON, N.A.,
 as Trustee,
certifies that
 this is one of the Debentures
 referred to in the
within-
 mentioned Indenture.
	 	 	 	 
					
	 	 	 	 	 	 	By: 	 	 
	 	 	 	 	 	 	 	 	President
					
	By: 	 	 	 	 	 	By: 	 	 
	 	 	Authorized Officer	 	 	 	 	 	Treasurer
					
	 	 	 	 	 	 	 	 	(SEAL)

  

 -50- 

  
 [REVERSE OF SECURITY]

  
 GREENERY REHABILITATION GROUP, INC. 
  
 6 1/2% Convertible Subordinated Debentures Due 2011 
  
 1. Interest. 
  
 GREENERY REHABILITATION GROUP, INC. (“Company”), a Delaware
corporation, promises to pay interest on the principal amount of this Debenture at the rate per annum shown above. The Company will pay interest semi-annually on June 15 and December 15 of each year, commencing on December 15, 1986. Interest on the
Debentures will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the date of initial issuance. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
  
 2. Method of Payment. 
  
 The Company will pay interest on the Debentures (except defaulted interest)
to the persons who are registered holders of Debentures (“Debentureholders” or “Holders”) at the close of business on the first day of the month of the interest payment date. Holders must surrender Debentures to a Paying Agent to
collect principal payments. The Company will pay principal, premium, if any, and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts. The Company may, however, pay principal,
premium, if any, and interest by its check payable in such money. It may mail an interest check to a Holder’s registered address. 
  
 3. Paying Agent, Registrar, Conversion Agent. 
  

Initially, Shawmut Bank of Boston, N.A., (“Trustee”) will act as Paying Agent, Registrar and Conversion Agent. The Company may change any
Paying Agent, Registrar, Conversion Agent or co-Registrar without notice. The Company or any of its Subsidiaries may act as Paying Agent, Registrar, Conversion Agent or co-Registrar. 
  
 4. Indenture. 
  
 The Company issued the Debentures under an Indenture dated as of June 16, 1986 (“Indenture”) between the Company and the Trustee. The terms of
the Debentures include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of the Indenture (“Act”). The
Debentures are subject to all such terms, and Debentureholders 

  

 -51- 

 
are referred to the Indenture and the Act for a statement of them. In case of any conflict between the Indenture and the Debentures, the Indenture shall
control. The Debentures, the Indenture shall control. The Debentures are general unsecured obligations of the Company limited to $34,500,000 in aggregate principal amount, determined as follows: (i) if more than $30,000,000 aggregate principal
amount of Debentures are issued on the first date of original issuance of Debentures, the aggregate principal amount of Debentures authorized hereunder shall be limited to such aggregate principal amount; (ii) if no more than $30,000,000 in
aggregate principal amount of Debentures are issued on the first date of original issuance of Debentures and the Trustee shall issue, pursuant to a written order of the Company, additional Debentures on or before July 17, 1986, the aggregate
principal amount of Debentures authorized hereunder shall be equal to $30,000,000 plus the aggregate principal amount of additional Debentures issued pursuant to such order; and (iii) if no more than $30,000,000 in aggregate principal amount of
Debentures are issued on the first date of original issuance of Debentures, and no more Debentures are issued pursuant to a written order of the Company on or before July 17, 1986, the aggregate principal amount of Debentures authorized hereunder
shall be $30,000,000. The Indenture does not limit other debt, secured or unsecured. 
  
 5. Optional Redemption. 
  
 The Debentures are subject to redemption, as a whole or from time to time in part (otherwise than through the operation of the sinking fund as contained
in paragraph 6), at any time (subject to the provisions of the Indenture), at the option of the Company, on not less than 15 nor more than 60 days’ prior notice given as provided in the Indenture, at the following redemption prices (expressed
in percentages of principal amount), 
  

				
	 If redeemed during
 the 12-month
period
 commencing June 15

	  	Percentage

	 
	 1986
	  	106.50	%
	 1987
	  	105.85	 
	 1988
	  	105.20	 
	 1989
	  	104.55	 
	 1990
	  	103.90	 
	1991	  	103.25	%
	1992	  	102.60	 
	1993	  	101.95	 
	1994	  	101.30	 
	1995	  	100.65	 

  
 and thereafter at 100% of the
principal amount, in each case together with accrued interest to the redemption date; provided, however, that the Debentures may not be redeemed prior to June 15, 1988 unless the closing price for shares of the Company’s Common Stock has been
at least 130% of the conversion price then in effect for any 20 of the 30 consecutive trading days immediately preceding the date of the redemption notice. 
  

 -52- 

 6. Sinking Fund. 
  
 The Company will redeem five percent (5%) of the principal amount of the Debentures issued as provided in paragraph 4 of
this Debenture on June 15, 1996 and on each June 15 thereafter through June 15, 2010, at a redemption price of 100% of principal amount, plus accrued interest to the redemption date, by paying such amount to the Trustee, as a sinking fund payment,
on or before each such June 15. The Company may reduce the principal amount of Debentures to the redeemed pursuant to this paragraph 6 by subtracting 100% of the principal amount (excluding premium) of any Debentures that Debentureholders have
converted or redeemed other than pursuant to this paragraph 6. The Company may so subtract the same Debenture only once. 
  
 7. Notice of Redemption. 
  
 Notice of redemption will be mailed at least 15 days but not more than 60 days before the redemption date to each Holder of Debentures to be redeemed at
his registered address. Debentures in denominations larger than $1,000 may be redeemed in part. On and after the redemption date interest ceases to accrue on Debentures or portions of them called for redemption. 
  
 8. Conversion. 
  
 A Holder of a Debenture may convert it into shares of Common Stock of the
Company at any time before the close of business on June 15, 2011. If the Debenture is called for redemption, the Holder may convert it at any time before the close of business on the day prior to the redemption date. The conversion price is $26.00
per share, subject to adjustment in certain events. To determine the number of shares issuable upon conversion of a Debenture, divide the principal amount converted by the conversion price in effect on the conversion date. On conversion no
adjustment for accrued interest or dividends will be made. The Company will deliver its check for any fractional share. 
  
 To convert a Debenture a Holder must (1) complete and sign the conversion notice on the back of the Debenture, (2) surrender the Debenture to a Conversion
Agent, (3) furnish appropriate endorsements or transfer documents as required by the Registrar or Conversion Agent, and (4) pay any transfer or similar tax if required. If a Holder surrenders a Debenture for conversion during the period from the
close of business on the first business day of the month of the interest payment date to the close of business on such interest payment date, the Debenture must be accompanied by payment of an amount equal to the interest 

  

 -53- 

 
payable on such interest payment date on the principal amount of the Debenture then being converted (unless called for redemption in whole or in part on a
redemption date during such period). A holder may convert a portion of a Debenture if the portion is $1,000 or an integral multiple of $1,000. 
  
 The conversion price will be adjusted for dividends or distributions on the Common Stock payable in Company stock; subdivisions, combinations or certain
reclassifications of Common Stock; distributions to all holders of Common Stock of certain rights to purchase Common Stock at less than the current market price at the time; distributions to such holders of assets or debt securities of the Company
or certain rights to purchase securities of the Company (excluding cash dividends or distributions from current or retained earnings); certain issuances of shares of Common Stock for less consideration than the current market price; and certain
issuances of securities convertible into or exchangeable for shares of Common Stock (other than pursuant to transactions described above) for a consideration per share of Common Stock issuable upon such conversion or exchange that is less than the
current market price of the Common Stock on the date of issuance of such security. No adjustment of the conversion price need be made until cumulative adjustments amount to at least $0.25, but any adjustment that would otherwise be required to be
made shall be carried forward and taken into account in any subsequent adjustment. The Company from time to time may voluntarily reduce the conversion price temporarily or permanently. 
  
 If the Company is a party to a consolidation or merger or a transfer or lease of all or substantially all of its assets,
other than a mortgage, pledge or sale and lease-back of all or substantially all of its assets, the right to convert a Debenture into Common Stock may be changed in to a right to convert into securities, cash or other assets of the Company or
another. 
  
 9. Subordination. 
  
 The Debentures are subordinated in right of payment to Senior Debt, which is
any Debt of the Company whether outstanding on the date of the Indenture or thereafter created, incurred or assumed, except Debt which by its terms is expressly subordinated in right of payment to the Debentures. Debt is the principal of (and
premium, if any) and interest on and fees and other amounts payable with respect to: (1) any indebtedness or obligation, contingent or otherwise, of the Company (i) for borrowed money; or (ii) evidenced by a note, debenture, similar instrument or
agreement (including, without limitation, a purchase money obligation) given in connection with the acquisition or improvement of any business, property or assets of any kind, including, without limitation, securities; or 

  

 -54- 

 
(iii) as lessee under any lease of real property and any capitalized lease; (2) any indebtedness or obligation of others described in the preceding clause
which the Company has guaranteed or for which it is otherwise liable; and (3) any amendment, renewal, extension, modification or refunding of any such debt described in (1) and (2) above. To the extent provided in the Indenture, Senior Debt must be
paid before the Debentures may be paid. Each Debentureholder by accepting a Debenture agrees to the subordination and authorizes the Trustee to give it effect. 
  

10. Denominations, Transfer, Exchange. 
  
 The Debenture are issuable only in registered form without coupons in denominations of $1,000 and integral multiples of $1,000. A Holder may transfer or
exchange Debentures in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The
Registrar need not transfer or exchange any Debenture selected for redemption, or transfer or exchange any Debentures for a period of 5 days before a selection of Debentures to be redeemed. 
  
 11. Persons Deemed Owners. 
  
 The registered Holder of a Debenture may be treated as the owner of it for
all purposes. 
  
 12. Unclaimed Money.

  
 If money for the payment of principal, premium, if any, or
interest remains unclaimed for two years, the Trustee or Paying Agent will pay the money back to the Company at its request. After that, Holders entitled to the money must look to the Company for payment unless an abandoned property law designates
another Person. 
  
 13. Amendment, Supplement,
Waiver. 
  
 Subject to certain exceptions, the Indenture or the
Debentures may be amended or supplemented with the consent of the Holders of at least 66 2/3% in principal amount of the outstanding Debentures and any past default or compliance with any provision may be waived with the consent of the Holders of a
majority in principal amount of the outstanding Debentures. Without the consent of any Debentureholder, the Company may amend or supplement the Indenture or the Debentures to cure any ambiguity, defect or inconsistency or to provide for
uncertificated Debentures in addition to or in place of certificated Debentures or to make any change that does not 

  

 -55- 

 
materially adversely affect the rights of any Debentureholder. Without the consent of Holders, the Trustee may waive compliance by the Company with any
provision of the Indenture or the Debentures if the waiver does not adversely affect the rights of any Holder. 
  
 14. Successor. 
  
 Except as provided in the Indenture, when a successor partnership, trust or corporation or other Person assumes all the obligations of its predecessor
under the Debentures and the Indenture, the predecessor will be released from those obligations. 
  
 15. Defaults and Remedies. 
  
 An Event of Default is: default for 30 days in payment of interest on the Debentures; default in payment of principal on the Debentures or in the making
of any sinking fund payment required by paragraph 6; failure by the Company for 60 days after notice to it to comply with any of its other covenants, conditions or agreements in the Indenture or the Debentures; certain events of bankruptcy or
insolvency; and certain defaults on other indebtedness. If an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the outstanding Debentures may declare all the Debentures to be due and
payable immediately. Debentureholders may not enforce the Indenture or the Debentures except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Debentures. Subject to certain
limitations, Holders of a majority in principal amount of the outstanding Debentures may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Debentureholders notice of any continuing default (except a default in
payment of principal or interest) if it determines that withholding notice is in their interests. The Company must furnish an annual compliance certificate to the Trustee as to the absence of default. 
  
 16. Trustee Dealings with Company. 
  
 The Trustee under the Indenture, in its individual or any other capacity,
may make loans to, accept deposits from, and Perform services for the Company or its affiliates, and may otherwise deal with the Company or its affiliates, as if it were not Trustee. 
  

 -56- 

 17. No Recourse Against Others. 
  
 A director, officer, employee or shareholder, as such, of the Company shall
not have any liability for any obligations of the Company under the Debentures or the Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation. Each Debentureholder by accepting a Debenture waives and
releases all such liability on the part of any and all directors, officers, employees, or shareholders, as such, of the Company. The waiver and release are part of the consideration for the issue of Debentures. 
  
 18. Authentication. 
  
 This Debenture shall not be valid until the Trustee signs the certificate of
authentication on the other side of this Debenture. 
  
 19. Abbreviations. 
  
 Customary abbreviations may be
used in the name of a Debentureholder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= custodian) and U/G/M/A (=
Uniform Gifts to Minors Act). 
  
 20. Inspection
of Indenture and Requests for Copies. 
  
 Holders may inspect the
Indenture at the principal executive office of the Company. 
  
 The Company will furnish to any Debentureholder upon written request and without charge a copy of the Indenture. Requests may be made to: Treasurer, Greenery Rehabilitation Group, Inc., 25C Olympia Avenue, Woburn, MA 01801. 
  
 21. CUSIP Numbers. 
  
 Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedure, the Company has caused CUSIP numbers to be printed on the Debentures as a convenience to the holders of the Debentures. No representation is made as to the accuracy of such numbers as printed on the Debentures and
reliance may be placed only on the other identification numbers printed hereon. 
  

 -57- 

					
	 ASSIGNMENT FORM

	  	 	 	 CONVERSION NOTICE

			
	If you the holder want to assign this Debenture, fill in the form below and have your signature guaranteed:	  	 	 	If you the holder want to convert this Debenture into Common Stock of the Company, check the box /___/
			
	For value received, I or we assign and transfer this Debenture to	  	 	 	If you want to convert only part of this Debenture, state the amount:
	 	  	 	 	$                        ,000
	 (Insert assignee’s social
 security or tax ID number)
	  	 	 	 
			
	 	  	 	 	If you want the stock certificate made out in another person’s name, fill in the form below and have your signature guaranteed:
	 	  	 	 
	 	  	 	 
	 	  	 	 
			
	and irrevocably appoint	  	 	 	 
	 	  	 	 	(Insert another person’s social security or tax ID number)
	agent to transfer this Debenture on the books of the Company. The agent may substitute another to act for him.	  	 	 	 
	  	 	 
	  	 	 
	  	 	 
	 	  	 	 	(Print or type other person’s name, address and zip code)
			
	Date: ______________________________	  	 	 	Your signature:________________________________________
	 	  	 	 	(Sign exactly as your name appears on the other side of Debenture)

  
 Signature Guarantee: 
  

 -58-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}]]