Document:

exhibit10-3.htm

     

    Exhibit
      10.3

     

    GUARANTY

     

    THIS
GENERAL
      CONTINUING GUARANTY
      (“Guaranty”), dated as of May 4, 2007, is executed and delivered by each
      Subsidiary that is a signatory hereto and any future Material Subsidiary (as
      defined in the Credit Agreement referenced below) that executes and delivers
      a
      Joinder hereto (each a “Guarantor” and, collectively, the
“Guarantors”), in favor of the commercial lending institutions (the
“Lenders”) from time to time party to the Credit Agreement (as
      hereinafter defined) and Bank of America, N.A. (“Bank of America”), as
      Administrative Agent (in such capacity, together with any successor appointed
      pursuant to Section 9.06 of the Credit Agreement, the “Administrative
      Agent”) for the Lenders.

     

    WHEREAS,
      the Lenders, the Administrative Agent, the Swing Line Lender and the L/C Issuer
      are parties to a Credit Agreement dated as of June 27, 2006 (said
      Agreement, as it may hereafter be amended, supplemented, modified or restated
      from time to time, being the “Credit Agreement”; the terms defined
      therein and not otherwise defined herein being used herein as therein defined)
      with The McClatchy Company, a Delaware corporation (the
“Borrower”);

     

    WHEREAS,
      each of the Guarantors will derive substantial direct and indirect benefit
      from
      the transactions contemplated by the Credit Agreement;

     

    NOW,
      THEREFORE, in consideration of the foregoing and in order to induce the Lenders
      to make the credit extensions contemplated under the Credit Agreement, the
      Guarantors hereby agree, jointly and severally, as follows:

     

    1.              
      Definitions and Construction.

     

    (a)            
      Definitions.  The following terms, as used in this Guaranty,
      shall have the following meanings:

     

    “Bankruptcy
      Code” shall mean The Bankruptcy Reform Act of 1978 (11 U.S.C. §§101-1330),
      as amended or supplemented from time to time, and any successor statute, and
      any
      and all rules issued or promulgated in connection therewith.

     

    “Beneficiaries”
      shall mean Administrative Agent and Lenders.

     

    “Guarantied
      Obligations” shall mean the due and punctual payment of all Indebtedness
      owing by Borrower.

     

    “Indebtedness”
      shall mean any and all obligations, indebtedness, or liabilities of any kind
      or
      character owed to Beneficiaries by Borrower and arising directly or indirectly
      out of or in connection with the Credit Agreement, the Notes, or the other
      Loan
      Documents (in each case as amended, supplemented, modified or restated from
      time
      to time) plus all of the obligations of the Borrower or any of its Subsidiaries
      under any and all Swap Contracts between the Borrower and any Lender or
      Affiliate of a Lender (or any Person that was a Lender or Affiliate of a Lender
      at the time such Swap Contract was executed) that hedge interest rate exposure
      for Indebtedness, including all such obligations, indebtedness, or liabilities,
      whether for principal, interest (including any and all interest which, but
      for
      the application of the provisions of the Bankruptcy Code, would have accrued
      on
      such amounts), premium, reimbursement obligations, fees, costs, expenses
      (including reasonable attorneys’ fees), or indemnity obligations, whether
      heretofore, now, or hereafter made, incurred, or created, whether voluntarily
      or
      involuntarily made, incurred, or created, whether secured or unsecured (and
      if
      secured, regardless of the nature or extent of the security), whether absolute
      or contingent, liquidated or unliquidated, or determined or indeterminate,
      whether Borrower is liable individually or jointly with others, and whether
      recovery is or hereafter becomes barred by any statute of limitations or
      otherwise becomes unenforceable for any reason whatsoever, including any act
      or
      failure to act by Beneficiaries.

     

    (b)           Construction.  Unless
      the context of this Guaranty clearly requires otherwise, references to the
      plural include the singular, references to the singular include the plural,
      the
      part includes the whole, the term “including” is not limiting, and the term “or”
has the inclusive meaning represented by the phrase “and/or.” The words
“hereof,” “herein,” “hereby,” “hereunder,” and other similar terms refer to this
      Guaranty as a whole and not to any particular provision of this
      Guaranty.  Any reference in this Guaranty to any of the following
      documents includes any and all alterations, amendments, extensions,
      modifications, renewals, supplements or restatements thereto or thereof, as
      applicable: the Loan Documents; the Credit Agreement; this Guaranty; and the
      Notes.  Neither this Guaranty nor any uncertainty or ambiguity herein
      shall be construed or resolved against Beneficiaries or any Guarantor, whether
      under any rule of construction or otherwise.  On the contrary, this
      Guaranty has been reviewed by Guarantors, Beneficiaries, and their respective
      counsel, and shall be construed and interpreted according to the ordinary
      meaning of the words used so as to fairly accomplish the purposes and intentions
      of Beneficiaries and Guarantors.

     

    2.           Guarantied
      Obligations.  Each Guarantor, jointly and severally, hereby
      irrevocably and unconditionally guaranties to Beneficiaries, as and for its
      own
      debt, until final and indefeasible payment thereof has been made, the due and
      punctual payment of the Guarantied Obligations, in each case when and as the
      same shall become due and payable, whether at maturity, by acceleration, or
      otherwise; it being the intent of each Guarantor that the guaranty set forth
      herein shall be a guaranty of payment and not a guaranty of collection;
provided, however, that each Guarantor shall be liable under this
      Guaranty for the maximum amount of such liability that can be incurred without
      rendering this Guaranty, as it relates to such Guarantor, voidable under
      applicable law relating to fraudulent conveyance or fraudulent transfer, and
      not
      for any greater amount.

     

    Each
      Guarantor represents and warrants to Beneficiaries that (i) neither this
      Guaranty nor any collateral security therefor has been given with an intent
      to
      hinder, delay or defraud any creditor of such Guarantor; (ii) such Guarantor
      is
      not engaged, or about to engage, in any business or transaction for which its
      assets (other than those necessary to satisfy its obligations under this
      Guaranty or those given as collateral security for such obligations) are
      unreasonably small in relation to the business or transaction, nor does such
      Guarantor intend to incur, or believe or reasonably should believe that it
      will
      incur, debts beyond its ability to pay as they become due; and (iii) such
      Guarantor is not insolvent at the time it gives this Guaranty, and the giving
      of
      this Guaranty and any collateral security provided in connection herewith will
      not result in such Guarantor’s becoming insolvent.  Each Guarantor
      hereby covenants and agrees that, as long as this Guaranty remains in effect,
      such Guarantor (i) shall incur no indebtedness beyond its ability to repay
      the
      same in full in accordance with the terms thereof; and (ii) shall not take
      any
      action, or suffer to occur any omission, which could give rise to a claim by
      any
      third party to set aside this Guaranty or any collateral given in connection
      herewith, or in any manner impair Beneficiaries’ rights and privileges hereunder
      or thereunder.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    3.           Continuing
      Guaranty.  This Guaranty includes Guarantied Obligations arising
      under successive transactions continuing, compromising, extending, increasing,
      modifying, releasing, or renewing the Guarantied Obligations, changing the
      interest rate, payment terms, or other terms and conditions thereof, or creating
      new or additional Guarantied Obligations after prior Guarantied Obligations
      have
      been satisfied in whole or in part.  To the maximum extent permitted
      by law, each Guarantor hereby waives any right to revoke this Guaranty as to
      future Indebtedness.  If such a revocation is effective
      notwithstanding the foregoing waiver, each Guarantor acknowledges and agrees
      that (a) no such revocation shall be effective until written notice thereof
      has been received by Beneficiaries, (b) no such revocation shall apply to
      any Guarantied Obligations in existence on such date (including any subsequent
      continuation, extension, or renewal thereof, or change in the interest rate,
      payment terms, or other terms and conditions thereof), (c) no such
      revocation shall apply to any Guarantied Obligations made or created after
      such
      date to the extent made or created pursuant to a legally binding commitment
      of
      Beneficiaries in existence on the date of such revocation, (d) no payment
      by any Guarantor, Borrower, or from any other source, prior to the date of
      such
      revocation, shall reduce the maximum obligation of such Guarantor hereunder,
      and
      (e) any payment by Borrower or from any source other than such Guarantor
      subsequent to the date of such revocation shall first be applied to that portion
      of the Guarantied Obligations as to which the revocation is effective and which
      are not, therefore, guarantied hereunder, and to the extent so applied shall
      not
      reduce the maximum obligations of such Guarantor hereunder.

     

    4.           Performance
      under this Guaranty.  In the event that Borrower fails to make any
      payment of any Guarantied Obligations on or before the due date thereof, each
      Guarantor immediately shall cause such payment to be made.

     

    5.           Primary
      Obligations.  This Guaranty is a primary and original obligation
      of each Guarantor, is not merely the creation of a surety relationship, and
      is
      an absolute, unconditional, and continuing guaranty of payment and performance
      which shall remain in full force and effect without respect to future changes
      in
      conditions, including any change of law or any invalidity or irregularity with
      respect to the issuance of the Notes.  Each Guarantor agrees that it
      is directly, jointly and severally with each other Guarantor, liable to
      Beneficiaries, that the obligations of such Guarantor hereunder are independent
      of the obligations of Borrower or any other Guarantor, and that a separate
      action may be brought against such Guarantor, whether such action is brought
      against Borrower or another Guarantor or whether Borrower or any such other
      Guarantor is joined in such action.  Guarantor agrees that its
      liability hereunder shall be immediate and shall not be contingent upon the
      exercise or enforcement by Beneficiaries of whatever remedies they may have
      against Borrower or any other Guarantor, or the enforcement of any lien or
      realization upon any security Beneficiaries may at any time possess.  
Each  Guarantor  agrees  that  any release 
which  may  be  given  by
      Beneficiaries to Borrower or any other Guarantor shall not release such
      Guarantor.  Each Guarantor consents and agrees that Beneficiaries
      shall be under no obligation to marshal any property or assets of Borrower
      or
      any other Guarantor in favor of such Guarantor, or against or in payment of
      any
      or all of the Guarantied Obligations.

     

    6.           Waivers.

     

    (a)           Each
      Guarantor hereby waives: (i) notice of acceptance hereof; (ii) notice
      of any loans or other financial accommodations made or extended under the Credit
      Agreement, or the creation or existence of any Guarantied Obligations;
      (iii) notice of the amount of the Guarantied Obligations, subject, however,
      to such Guarantor’s right to make inquiry of Administrative Agent to ascertain
      the amount of the Guarantied Obligations at any reasonable time;
      (iv) notice of any adverse change in the financial condition of Borrower or
      of any other fact that might increase such Guarantor’s risk hereunder;
      (v) notice of presentment for payment, demand, protest, and notice thereof
      as to the Notes or any other instrument; (vi) notice of any Default or
      Event of Default under the Credit Agreement; and (vii) all other notices
      (except if such notice is specifically required to be given to a Guarantor
      under
      this Guaranty or any other Loan Document to which such Guarantor is party)
      and
      demands to which such Guarantor might otherwise be entitled.

     

    (b)           To
      the fullest extent permitted by applicable law, each Guarantor waives the right
      by statute or otherwise to require Beneficiaries to institute suit against
      Borrower or to exhaust any rights and remedies which Beneficiaries have or
      may
      have against Borrower.  In this regard, each Guarantor agrees that it
      is bound to the payment of each and all Guarantied Obligations, whether now
      existing or hereafter accruing, as fully as if such Guarantied Obligations
      were
      directly owing to Beneficiaries by such Guarantor.  Each Guarantor
      further waives any defense arising by reason of any disability or other defense
      (other than the defense that the Guarantied Obligations shall have been fully
      and finally performed and indefeasibly paid) of Borrower or by reason of the
      cessation from any cause whatsoever of the liability of Borrower in respect
      thereof.

     

    (c)           To
      the maximum extent permitted by law, each Guarantor hereby waives: (i) any
      rights to assert against Beneficiaries any defense (legal or equitable),
      set-off, counterclaim, or claim which such Guarantor may now or at any time
      hereafter have against Borrower or any other party liable to Beneficiaries;
      (ii) any defense, set-off, counterclaim, or claim, of any kind or nature,
      arising directly or indirectly from the present or future lack of perfection,
      sufficiency, validity, or enforceability of the Guarantied Obligations or any
      security therefor; (iii) any defense arising by reason of any claim or
      defense based upon an election of remedies by Beneficiaries; (iv) the
      benefit of any statute of limitations affecting such Guarantor’s liability
      hereunder or the enforcement thereof, and any act which shall defer or delay
      the
      operation of any statute of limitations applicable to the Guarantied Obligations
      shall similarly operate to defer or delay the operation of such statute of
      limitations applicable to such Guarantor’s liability hereunder; and (v) to
      the fullest extent permitted by law, any defense or benefit that may be derived
      from or afforded by law which limits the liability of or exonerates guaranties
      or sureties or requires Beneficiaries to exhaust remedies against the Borrower
      prior to commencing any action or foreclosure against such Guarantor or its
      properties including, without limitation, the benefits of California Civil
      Code
§§ 2799, 2808, 2809, 2810, 2815, 2819, 2820, 2821, 2822, 2838, 2839, 2845, 2848,
      2849, and 2850, California Code of Civil Procedure §§ 580A, 580B, 580C, 580D,
      and 726, and Chapter 2 of Title 14 of the California Civil
      Code.  Notwithstanding the foregoing, this Section 6(c) shall not
      be deemed to waive any portion of any right of subrogation, reimbursement,
      contribution or indemnification or similar right that would not be waived
      pursuant to the provisions of Section 6(e).

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (d)           Each
      Guarantor agrees that if all or a portion of the Indebtedness or this Guaranty
      is at any time secured by a deed of trust or mortgage covering interests in
      real
      property, Beneficiaries, in their sole discretion, without notice or demand
      and
      without affecting the liability of such Guarantor under this Guaranty, may
      foreclose pursuant to the terms of the Credit Agreement or otherwise the deed
      of
      trust or mortgage and the interests in real property secured thereby by
      non-judicial sale.  Each Guarantor understands that the exercise by
      Beneficiaries of certain rights and remedies contained in the Credit Agreement
      and any such deed of trust or mortgage may affect or eliminate such Guarantor’s
      right of subrogation against Borrower and that such Guarantor may therefore
      incur a partially or totally non-reimbursable liability
      hereunder.  Nevertheless, each Guarantor hereby authorizes and
      empowers Beneficiaries to exercise, in their sole discretion, any rights and
      remedies, or any combination thereof, which may then be available, since it
      is
      the intent and purpose of such Guarantor that the obligations hereunder shall
      be
      absolute, independent and unconditional under any and all
      circumstances.  Notwithstanding any foreclosure of the lien of any
      deed of trust or security agreement with respect to any or all of any real
      or
      personal property secured thereby, whether by the exercise of the power of
      sale
      contained therein, by an action for judicial foreclosure or by an acceptance
      of
      a deed in lieu of foreclosure, each Guarantor shall remain bound under this
      Guaranty including its obligation to pay any deficiency following a non-judicial
      foreclosure.

     

    (e)           (1)
      Notwithstanding anything to the contrary elsewhere contained herein or in any
      other Loan Document, until full and final payment of the Guaranteed Obligations,
      each Guarantor hereby waives with respect to Borrower and its respective
      successors and assigns (including any surety) and any other party any and all
      rights at law or in equity, to subrogation, to reimbursement, to exoneration,
      to
      contribution, to setoff or to any other rights that could accrue to a surety
      against a principal, to a guarantor against a maker or obligor, to an
      accommodation party against the party accommodated, or to a holder or transferee
      against a maker and which such Guarantor may have or hereafter acquire against
      Borrower or any other party in connection with or as a result of Borrower’s
      execution, delivery and/or performance of the Credit Agreement or any other
      Loan
      Document.  Each Guarantor agrees that it shall not have or assert any
      such rights against Borrower or Borrower’s successors and assigns or any other
      Person (including any surety), either directly or as an attempted setoff
      to any action commenced against such Guarantor by Borrower (as borrower or
      in
      any other capacity) or any other Person until the Guaranteed Obligations have
      been fully and finally repaid to the Beneficiaries.  Each Guarantor
      hereby acknowledges and agrees that this waiver is intended to benefit the
      Beneficiaries and shall not limit or otherwise affect any of the Borrower’s
      liability hereunder, under any other Loan Document to which Borrower is a party,
      or the enforceability hereof or thereof.

     

    (2)           To
      the extent any waiver of subrogation contained in subparagraph (e)(1) is
      unenforceable, each Guarantor shall, until the Guaranteed Obligations shall
      have
      been paid in full and the Commitments shall have terminated and all Letters
      of
      Credit shall have expired or been terminated or canceled, withhold exercise
      of
      (a) any claim, right or remedy, direct or indirect, that such Guarantor now
      has
      or may hereafter have against Borrower or any of its assets in connection with
      this Guaranty or the performance by such Guarantor of its obligations hereunder,
      in each case whether such claim, right or remedy arises in equity, under
      contract, by statute, under common law or otherwise and including without
      limitation (i) any right of subrogation, reimbursement or indemnification that
      such Guarantor now has or may hereafter have against Borrower, (ii) any right
      to
      enforce, or to participate in, any claim, right or remedy that any Beneficiary
      now has or may hereafter have against Borrower, and (iii) any benefit of, and
      any right to participate in, any collateral or security now or hereafter held
      by
      the Beneficiaries, and (b) any right of contribution such Guarantor may have
      against any other Guarantor (including without limitation any such right of
      contribution).  Each Guarantor further agrees that, to the extent the
      agreement to withhold the exercise of its rights of subrogation, reimbursement,
      indemnification and contribution as set forth herein is found by a court of
      competent jurisdiction to be void or voidable for any reason, any rights of
      subrogation, reimbursement or indemnification such Guarantor may have against
      Borrower or against any collateral or security, and any rights of contribution
      Guarantor may have against any such other Guarantor, shall be junior and
      subordinate to any rights the Administrative Agent or Lenders may have against
      Borrower, to all right, title and interest the Beneficiaries may have in any
      such collateral or security, and to any right the Beneficiaries may have against
      such other Guarantor.  The Administrative Agent, on behalf of Lenders,
      may use, sell or dispose of any item of collateral or security as it sees fit
      without regard to any subrogation rights any Guarantor may have, and upon any
      such disposition or sale any rights of subrogation Guarantors may have shall
      terminate.  If any amount shall be paid to any Guarantor on account of
      any such subrogation, reimbursement or indemnification rights at any time when
      all Guaranteed Obligations shall not have been paid in full, such amount shall
      be held in trust for the Administrative Agent on behalf of Lenders and shall
      forthwith be paid over to the Administrative Agent for the benefit of Lenders
      to
      be credited and applied against the Guaranteed Obligations, whether matured
      or
      unmatured, in accordance with Section 12 of this
      Guaranty.

     

    7.           Releases.  Each
      Guarantor consents and agrees that, without notice to or by such Guarantor
      and
      without affecting or impairing the obligations of such Guarantor hereunder,
      Beneficiaries may, by action or inaction, compromise or settle, extend the
      period of duration or the time for the payment, or discharge the performance
      of,
      or may refuse to, or otherwise not enforce, or may, by action or inaction,
      release all or any one or more parties to, any one or more of the Credit
      Agreement, the Notes, or any of the other Loan Documents or may grant other
      indulgences to Borrower in respect thereof, or may amend or modify in any manner
      and at any time (or from time to time) any one or more of the Credit Agreement,
      the Notes, or any of the other Loan Documents, or may, by action or inaction,
      release or substitute any other Guarantor, if any, of the Guarantied
      Obligations, or may enforce, exchange, release, or waive, by action or inaction,
      any security for the Guarantied Obligations (including any collateral) or any
      other guaranty of the Guarantied Obligations, or any portion
      thereof.

     

    8.           No
      Election.  Beneficiaries shall have the right to seek recourse
      against any Guarantor to the fullest extent provided for herein and no election
      by Beneficiaries to proceed in one form of action or proceeding, or against
      any
      Guarantor or other party, or on any obligation, shall constitute a waiver of
      Beneficiaries’ right to proceed in any other form of action or proceeding or
      against any other Guarantor or other parties unless Beneficiaries have expressly
      waived such right in writing.  Specifically, but without limiting the
      generality of the foregoing, no action or proceeding by Beneficiaries under
      any
      document or instrument evidencing the Guarantied Obligations shall serve to
      diminish the liability of Guarantors under this Guaranty except to the extent
      that Beneficiaries finally and unconditionally shall have realized indefeasible
      payment by such action or proceeding.

     

    9.           Indefeasible
      Payment.  The Guarantied Obligations shall not be considered
      indefeasibly paid for purposes of this Guaranty unless and until all payments
      to
      Beneficiaries are no longer subject to any right on the part of any person
      whomsoever, including Borrower, Borrower as a debtor in possession, or any
      trustee (whether appointed under the Bankruptcy Code or otherwise) of Borrower’s
      assets to invalidate or set aside such payments or to seek to recoup the amount
      of such payments or any portion thereof, or to declare same to be fraudulent
      or
      preferential.  In the event that, for any reason, all or any portion
      of such payments to Beneficiaries is set aside or restored, whether voluntarily
      or involuntarily, after the making thereof, the obligation or part thereof
      intended to be satisfied thereby shall be revived and continued in full force
      and effect as if said payment or payments had not been made and each Guarantor
      shall be liable for the full amount Beneficiaries are required to repay plus
      any
      and all costs and expenses (including attorneys’ fees) paid by Beneficiaries in
      connection therewith.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    10.           Financial
      Condition of Borrower.  Each Guarantor represents and warrants to
      Beneficiaries that it is currently informed of the financial condition of
      Borrower and of all other circumstances which a diligent inquiry would reveal
      and which bear upon the risk of nonpayment of the Guarantied
      Obligations.  Each Guarantor further represents and warrants to
      Beneficiaries that it has read and understands the terms and conditions of
      the
      Credit Agreement, the Notes, and the other Loan Documents.  Each
      Guarantor hereby covenants that it will continue to keep itself informed of
      Borrower’s financial condition, the financial condition of other guarantors, if
      any, and of all other circumstances which bear upon the risk of nonpayment
      or
      nonperformance of the Guarantied Obligations.

    
       

    

    11.           Subordination.  Each
      Guarantor hereby agrees that after the occurrence and during the continuance
      of
      an Event of Default any and all present and future indebtedness of Borrower
      owing to such Guarantor shall be postponed in favor of and subordinated to
      payment in full of the Guarantied Obligations.  Each Guarantor agrees
      that amounts paid over to Beneficiaries pursuant to the subordination provisions
      of this Section 11 shall be separate and apart from, and shall not be credited
      to, the liability of such Guarantor pursuant to Section 2.

     

    12.           Payments;
      Application.  All payment to be made hereunder by any Guarantor
      shall be made in lawful money of the United States of America at the time of
      payment, shall be made in immediately available funds, and shall be made without
      setoff, deduction (whether for Taxes or otherwise) or
      counterclaim.  All payments made by any Guarantor hereunder shall be
      applied as follows:  first, to all reasonable costs and expenses
      (including attorneys’ fees) incurred by Beneficiaries in enforcing this Guaranty
      or in collecting the Guarantied Obligations; second, to all accrued and unpaid
      interest, premium, if any, and fees owing to Beneficiaries constituting
      Guarantied Obligations; and third, to the balance of the Guarantied
      Obligations.

     

    13.           Attorneys’
      Fees and Costs.  Each Guarantor agrees to pay, on demand, all
      reasonable attorneys’ fees and all other reasonable costs and expenses which may
      be incurred by Beneficiaries in the enforcement of this Guaranty or in any
      way
      arising out of, or consequential to the protection, assertion, or enforcement
      of
      the Guarantied Obligations (or any security therefor), irrespective of whether
      suit is brought.

     

    14.           Notices.  All
      notices and other communications provided to any party hereto under this
      Guaranty shall be in writing or by facsimile and addressed, delivered or
      transmitted to such party at its address or facsimile number set forth below
      or
      at such other address or facsimile number as may be designated by such party
      in
      a notice to the other parties.  Any notice, if mailed and properly
      addressed with postage prepaid, shall be deemed given when received; any notice,
      if transmitted by facsimile, shall be deemed given when
      transmitted.

     

    
      	
               

            	
              If
                to any Guarantor:

            	
              c/o
                The McClatchy Company

            

    

    
      	
               

            	
              2100
                Q Street

            

    

    
      	
               

            	
              Sacramento,
                CA 95816

            

    

    
      	
               

            	
              Attention:  Elaine
                Lintecum

            

    

    
      	
               

            	
              Facsimile:  (916)
                321-1964

            

    

     

    With
      a
      copy
      to:                                  Wilson
      Sonsini Goodrich & Rosati

    650
      Page
      Mill Road

    Palo
      Alto, California 94304-1050

    Attention:  Andrew
      Hirsch, Esq.

                            Facsimile:  (650)
      493-6811

     

    If
      to
      Beneficiaries:                               
Bank of America, N.A.

    
      	
               

            	
              800
                Fifth Avenue, Floor 32

            

    

    
      	
               

            	
              Seattle,
                WA 98104

            

    

    
      	
               

            	
              Mail
                Code:  WA1-501-32-37

            

    

    
      	
               

            	
              Attention:  Ken
                Puro

            

    

    
      	
               

            	
              Facsimile:  (415)
                343-0559

            

    

    

    
      	
               

            	
              With
                a copy to:

            	
              Mayer,
                Brown, Rowe & Maw LLP

            

    

    
      	
               

            	
              350
                South Grand Avenue

            

    

    
      	
               

            	
              25th
                Floor

            

    

    
      	
               

            	
              Los
                Angeles, California 90071

            

    

    
      	
               

            	
              Attention:  Brian
                E. Newhouse, Esq.

            

    

    
      	
               

            	
              Facsimile:
                (213) 625-0248

            

    

     

    
      15.           Cumulative
        Remedies.  No remedy under this Guaranty, under the Credit
        Agreement, the Notes, or any Loan Document is intended to be exclusive of
        any
        other remedy, but each and every remedy shall be cumulative and in addition
        to
        any and every other remedy given under this Guaranty, under the Credit
        Agreement, the Notes, or any other Loan Document, and those provided by
        law.  No delay or omission by Beneficiaries to exercise any right
        under this Guaranty shall impair any such right nor be construed to be a
        waiver
        thereof.  No failure on the part of Beneficiaries to exercise, and no
        delay in exercising, any right under this Guaranty shall
        operate as a waiver thereof; nor shall any single or partial exercise of
        any
        right under this Guaranty preclude any other or further exercise thereof
        or the
        exercise of any other right.

    

    16.           Severability
      of Provisions.  Any provision of this Guaranty which is prohibited
      or unenforceable under applicable law, shall be ineffective to the extent of
      such prohibition or unenforceability without invalidating the remaining
      provisions hereof.

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    17.           Entire
      Agreement; Amendments.  This Guaranty constitutes the entire
      agreement among each Guarantor and Beneficiaries pertaining to the subject
      matter contained herein.  This Guaranty may not be altered, amended,
      or modified, nor may any provision hereof be waived or noncompliance therewith
      consented to, except by means of a writing executed by each Guarantor and
      Administrative Agent.  Any such alteration, amendment, modification,
      waiver, or consent shall be effective only to the extent specified therein
      and
      for the specific purpose for which given.  No course of dealing and no
      delay or waiver of any right or default under this Guaranty shall be deemed
      a
      waiver of any other, similar or dissimilar, right or default or otherwise
      prejudice the rights and remedies hereunder.

     

    18.           Successors
      and Assigns.  Subject to the terms of the Credit Agreement, this
      Guaranty shall be binding each Guarantor and its successors and assigns and
      shall inure to the benefit of the successors and assigns of Beneficiaries;
      provided, however, no Guarantor shall assign this Guaranty or
      delegate any of its duties hereunder without Beneficiaries’ prior written
      consent and any unconsented to assignment shall be absolutely
      void.  In the event of any assignment or other transfer of rights by
      Beneficiaries, the rights and benefits herein conferred upon Beneficiaries
      shall
      automatically extend to and be vested in such assignee or other
      transferee.

     

    19.           Choice
      of Law and Venue; Service of Process.  THE VALIDITY OF THIS
      GUARANTY, ITS CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT, AND THE RIGHTS
      OF
      EACH GUARANTOR AND BENEFICIARIES, SHALL BE DETERMINED UNDER, GOVERNED BY, AND
      CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT
      REGARD TO PRINCIPLES OF CONFLICTS OF LAW.  ALL JUDICIAL PROCEEDINGS
      BROUGHT AGAINST ANY GUARANTOR WITH RESPECT TO THIS GUARANTY MAY BE BROUGHT
      IN
      ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE OF NEW YORK,
      AND BY EXECUTION AND DELIVERY OF THIS GUARANTY, GUARANTOR ACCEPTS, FOR ITSELF
      AND IN CONNECTION WITH ITS ASSETS, GENERALLY AND UNCONDITIONALLY, THE
      NONEXCLUSIVE JURISDICTION OF THE AFORESAID COURTS, AND IRREVOCABLY AGREES TO
      BE
      BOUND BY ANY FINAL JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS GUARANTY
      FROM WHICH NO APPEAL HAS BEEN TAKEN OR IS AVAILABLE.

     

    20.           Waiver
      of Jury Trial.  TO THE MAXIMUM EXTENT PERMITTED BY LAW, EACH
      GUARANTOR HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY ACTION,
      CAUSE OF ACTION, CLAIM, DEMAND, OR PROCEEDING ARISING UNDER OR WITH RESPECT
      TO
      THIS GUARANTY, OR IN ANY WAY CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE
      DEALINGS OF GUARANTORS AND BENEFICIARIES
      WITH RESPECT TO THIS GUARANTY, OR THE TRANSACTIONS RELATED HERETO, IN EACH
      CASE
      WHETHER NOW EXISTING OR HEREAFTER ARISING, AND IRRESPECTIVE OF WHETHER SOUNDING
      IN CONTRACT, TORT, OR OTHERWISE.  TO THE MAXIMUM EXTENT PERMITTED BY
      LAW, EACH GUARANTOR HEREBY AGREES THAT ANY SUCH ACTION, CAUSE OF ACTION, CLAIM,
      DEMAND, OR PROCEEDINGS SHALL BE DECIDED BY A COURT TRIAL WITHOUT A JURY AND
      THAT
      BENEFICIARIES MAY FILE AN ORIGINAL COUNTERPART OF THIS SECTION WITH ANY COURT
      OR
      OTHER TRIBUNAL AS WRITTEN EVIDENCE OF THE CONSENT OF SUCH GUARANTOR TO THE
      WAIVER OF ITS RIGHT TO TRIAL BY JURY.

     

    21.           Joint
      and Several Liability.  The liability of the Guarantors hereunder
      shall be joint and several.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

     

    IN
      WITNESS WHEREOF, each of the undersigned has executed and delivered this
      Guaranty as of the day and year first written above.

     

    
      	
              MCCLATCHY
                NEWSPAPERS, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Chief
                Financial Officer

            

    

    

    
      	
              EAST
                COAST NEWSPAPERS, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President and Assistant Secretary

            

    

    

    
      	
              THE
                NEWS AND OBSERVER PUBLISHING COMPANY

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President and Assistant Secretary

            

    

    

    
      	
              TACOMA
                NEWS, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President and Assistant Secretary

            

    

     

    
      	
              SAN
                LUIS OBISPO TRIBUNE, LLC

               

              By: 
                The McClatchy Company

                      
                its Sole Member

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                Talamantes

              Title:    Vice
                President, Finance and Chief Financial

                           Officer

            

    

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    
      	
              MCCLATCHY
                MANAGEMENT SERVICES, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    President

            

    

    

    
      	
              MIAMI
                HERALD MEDIA COMPANY

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                          Assistant
                Treasurer

            

    

    

    
      	
              MACON
                TELEGRAPH PUBLISHING COMPANY

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              COLUMBUS
                LEDGER ENQUIRER, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              GULF
                PUBLISHING COMPANY, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              THE
                BRADENTON HERALD, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    
      	
              SUN
                PUBLISHING COMPANY, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              NITTANY
                PRINTING AND PUBLISHING COMPANY

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              COLUMBIA
                STATE, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              THE
                CHARLOTTE OBSERVER PUBLISHING COMPANY

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              WICHITA
                EAGLE AND BEACON PUBLISHING COMPANY

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              PACIFIC
                NORTHWEST PUBLISHING COMPANY, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Executive
                Vice President and Assistant

                          
                Corporate Secretary

            

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    
      	
              LEXINGTON
                H-L SERVICES, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President and Assistant Secretary

            

    

    

    
      	
              CYPRESS
                MEDIA, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              OAK
                STREET REDEVELOPMENT CORPORATION

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              CYPRESS
                MEDIA, LLC.

               

              By: 
                CYPRESS MEDIA, INC.,

                     
                its Sole member

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              QUAD
                COUNTY PUBLISHING, INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    
      	
              STAR-TELEGRAM
                OPERATING, LTD.

               

              By: 
                CYPRESS MEDIA, LLC,

                      its
                General Partner

               

              By: 
                CYPRESS MEDIA, INC.

                       its
                Sole Member

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              MCCLATCHY
                U.S.A., INC.

               

              /s/
                Patrick J. Talamantes

            
	
              Name:  Patrick
                J. Talamantes

              Title:    Vice
                President, Assistant Secretary and

                           Assistant
                Treasurer

            

    

    

    
      	
              BANK
                OF AMERICA, N.A. as Administrative Agent.

               

              /s/
                Ken Puro

            
	
              Name: 
                Ken Puro

              Title:
                Vice President

            

    

    

     

    

     

    

    
      
        
        

      

      
        10INDENTURE

    Exhibit
      4.3

    

      

      
        

        

      

       

      

      

       

      

      CENTENE
        CORPORATION

       

      $175,000,000

       

      71⁄4%
        Senior Notes due 2014

       

      ______________________________

       

      INDENTURE

       

      Dated
        as
        of March 22, 2007

       

      ______________________________

       

      THE
        BANK
        OF NEW YORK TRUST COMPANY, N.A.

      as
        Trustee

       

      

       

       

      
 

       

      
        

        

      

      

       

      

      
        
          
            
               

            

            
            

          

          
            
            

          

          
            
            

            
            

          

        

      

      

      This
        INDENTURE dated as of March 22, 2007, is by and between Centene Corporation
        (the
“Company”), a Delaware corporation and The Bank of New York Trust Company, N.A.,
        a national banking association, as trustee (the “Trustee”).

       

      The
        Company and the Trustee agree as follows for the benefit of each other and
        for
        the equal and ratable benefit of the Holders of the 7-1/4% Senior Notes due
        2014
        (the “Notes”)
        issued
        under this Indenture:

       

      ARTICLE
        1.

       

      

       

      DEFINITIONS
        AND INCORPORATION BY REFERENCE

       

      Section
        1.01. Definitions.

       

      For
        all
        purposes of this Indenture, except as otherwise expressly provided or unless
        the
        context otherwise requires:

       

      “144A
        Global Note”
means
        a
        Global Note in the form of Exhibit A hereto bearing the Global Note Legend
        and
        the Private Placement Legend and deposited with and registered in the name
        of
        the Depositary or its nominee issued in a denomination equal to the outstanding
        principal amount of the Notes sold for initial resale in reliance on Rule
        144A.

       

      “Acquired
        Debt”
means,
        with respect to any specified Person:

       

      (1) Indebtedness
        of any other Person existing at the time such other Person is merged with
        or
        into or became a Subsidiary of such specified Person, whether or not such
        Indebtedness is incurred in connection with, or in contemplation of, such
        other
        Person merging with or into, or becoming a Subsidiary of, such specified
        Person;
        and

       

      (2) Indebtedness
        secured by a Lien encumbering any asset acquired by such specified
        Person.

       

      “Additional
        Interest”
has
        the
        meaning set forth in the Registration Rights Agreement relating to amounts
        to be
        paid in the event the Company fails to satisfy certain conditions set forth
        herein. For all purposes of this Indenture, the term “interest” shall include
        Additional Interest, if any, with respect to the Notes.

       

      “Affiliate”
of
        any
        specified Person means any other Person directly or indirectly controlling
        or
        controlled by or under direct or indirect common control with such specified
        Person. For purposes of this definition, “control,” as used with respect to any
        Person, means the possession, directly or indirectly, of the power to direct
        or
        cause the direction of the management or policies of such Person, whether
        through the ownership of voting securities, by agreement or otherwise;
provided
        that
        beneficial ownership of 10% or more of the Voting Stock of a Person will
        be
        deemed to be control. For purposes of this definition, the terms “controlling,”
“controlled by” and “under common control with” have correlative
        meanings.

       

      “Agent”
means
        any Registrar, co-registrar, Paying Agent or additional paying
        agent.

       

      “Applicable
        Procedures”
means,
        with respect to any transfer, redemption or exchange of or for beneficial
        interests in any Global Note, the rules and procedures of the Depositary,
        Euroclear and Clearstream that apply to such transfer, redemption or
        exchange.

       

      “Asset
        Sale”
means
        the sale, lease, transfer, conveyance or other disposition of any assets
        or
        rights, other than sales, leases, transfers, conveyances or other dispositions
        of inventory in the ordinary course of business consistent with past practices;
        provided
        that the
        sale, conveyance or other disposition of all or substantially all of the
        assets
        of the Company and its Restricted Subsidiaries taken as a whole will be governed
        by the provisions of this Indenture described below under Section 4.17 and/or
        the provisions described in Section 5.01 and not by the provisions described
        under Section 4.12 hereof

       

      

      
        
          
            
            

          

          
            1

            
              

            

          

          
            
            

          

        

      

      

      Notwithstanding
        the preceding, the following items will not be deemed to be Asset
        Sales:

       

      (1) any
        single transaction or series of related transactions that involves assets
        having
        a Fair Market Value of less than $2.5 million;

       

      (2) a
        sale,
        lease, transfer, conveyance or other disposition of assets between or among
        the
        Company and its Restricted Subsidiaries;

       

      (3) an
        issuance of Equity Interests by a Restricted Subsidiary to the Company or
        to
        another Restricted Subsidiary;

       

      (4) a
        sale,
        lease, transfer, conveyance or other disposition effected in compliance with
        the
        provisions described under Section 5.01;

       

      (5) a
        Restricted Payment or Permitted Investment that is permitted by Section
        4.10;

       

      (6) the
        Centene Plaza Divestiture; 

       

      (7) the
        disposition of certain assets of FirstGuard Health Plan, Inc.; 

       

      (8) the
        disposition of the outstanding common stock of FirstGuard, Inc.; 

       

      (9) the
        disposition of Equity Interests in Permitted Joint Ventures; provided
        that the
        Company maintains ownership of at least 35% of the outstanding Equity Interests
        in the applicable Permitted Joint Venture and control (as such term is defined
        in Section 405 under the Securities Act) over the operations of the applicable
        Permitted Joint Venture; and

       

      (10) a
        transfer or property or assets that are obsolete, damaged or worn out equipment
        and that are no longer useful in the conduct of the Company or its Subsidiaries’
business and that is disposed of in the ordinary course of
        business.

       

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

       

      “Bankruptcy
        Law”
means
        Title 11, U.S. Code or any similar federal or state law for the relief of
        debtors, or the law of any other jurisdiction relating to bankruptcy,
        insolvency, winding up, liquidation, reorganization or relief of
        debtors.

       

      “Beneficial
        Owner”
        has the
        meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange
        Act, except that in calculating the beneficial ownership of any particular
        “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such
“person” will be deemed to have beneficial ownership of all securities that such
“person” has the right to acquire by conversion or exercise of other securities,
        whether such right is currently exercisable or is exercisable only upon the
        occurrence of a subsequent condition. The terms “Beneficially Owns” and
“Beneficially Owned” have a corresponding meaning.

       

      “Board
        of Directors”
        means:

       

      (1) with
        respect to a corporation, the board of directors of the
        corporation;

       

      (2) with
        respect to a partnership, the Board of Directors of the general partner of
        the
        partnership; and

       

      

      
        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

      

      

      (3) with
        respect to any other Person, the board or committee of such Person serving
        a
        similar function.

       

      “Board
        Resolution”
        of a
        Person means a copy of a resolution certified by the secretary or an assistant
        secretary (or individual performing comparable duties) of the applicable
        Person
        to have been duly adopted by the Board of Directors of such Person and to
        be in
        full force and effect on the date of such certification, and delivered to
        the
        Trustee.

       

      “Business
        Day”
means
        any day other than a Legal Holiday.

       

      “Capital
        Lease Obligation”
means,
        at the time any determination is to be made, the amount of the liability
        in
        respect of a capital lease that would at that time be required to be capitalized
        on a balance sheet in accordance with GAAP.

       

      “Capital
        Stock”
        means:

       

      (1) in
        the
        case of a corporation, corporate stock;

       

      (2) in
        the
        case of an association or business entity, any and all shares, interests,
        participations, rights or other equivalents (however designated) of corporate
        stock;

       

      (3) in
        the
        case of a partnership or limited liability company, partnership or membership
        interests (whether general or limited); and

       

      (4) any
        other
        interest or participation that confers on a Person the right to receive a
        share
        of the profits and losses of, or distributions of assets of, the issuing
        Person.

       

      “Cash
        Equivalents”
        means:

       

      (1) United
        States dollars;

       

      (2) securities
        issued or directly and fully guaranteed or insured by the United States
        government or any agency or instrumentality of the United States government
        (provided
        that the
        full faith and credit of the United States is pledged in support of those
        securities) having maturities of not more than six months from the date of
        acquisition;

       

      (3) certificates
        of deposit and eurodollar time deposits with maturities of six months or
        less
        from the date of acquisition, bankers’ acceptances with maturities not exceeding
        six months and overnight bank deposits, in each case, with any lender party
        to
        the Credit Agreement or with any domestic commercial bank having capital
        and
        surplus in excess of $500.0 million and a Thomson Bank Watch Rating of “B” or
        better;

       

      (4) repurchase
        obligations with a term of not more than seven days for underlying securities
        of
        the types described in clauses (2) and (3) above entered into with any financial
        institution meeting the qualifications specified in clause (3)
        above;

       

      (5) commercial
        paper rated at least A-1 by Standard & Poor’s Rating Services or at least
        P-1 by Moody’s Investors Service, Inc., and in each case maturing within six
        months after the date of acquisition; and

       

      (6) money
        market funds at least 95% of the assets of which constitute Cash Equivalents
        of
        the kinds described in clauses (1) through (5) of this definition.

       

      “Centene
        Plaza Divestiture”
means
        the sale, transfer or contribution by the Company or one of its Restricted
        Subsidiaries of its right, title and interest in and to the real property
        and
        improvements known as Centene Plaza
        on
        fair and reasonable terms and on an arm’s length basis to a joint venture
        created to hold such real property (of which at least 50% of the Capital
        Stock
        of which is owned directly or indirectly by the Company and the remaining
        Capital Stock of which is owned directly or indirectly by the Company’s
        development partners with respect to the Centene Plaza
        Project).

       

      

      
        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

      

      

       

      “Centene
        Plaza Project”
means
        the development and construction of the office building complex project in
        Clayton, Missouri known as Centene Plaza.

       

      “Change
        of Control”
means
        the occurrence of any of the following:

       

      (1) the
        direct or indirect sale, transfer, conveyance or other disposition (other
        than
        by way of merger or consolidation), in one or a series of related transactions,
        of all or substantially all of the properties or assets of the Company and
        its
        Restricted Subsidiaries, taken as a whole, to any “person” (as that term is used
        in Section 13(d)(3) of the Exchange Act);

       

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

       

      (3) the
        consummation of any transaction (including, without limitation, any merger
        or
        consolidation) the result of which is that any “person” (as defined above)
        becomes the Beneficial Owner, directly or indirectly, of more than 20% of
        the
        Voting Stock of the Company, measured by voting power rather than number
        of
        shares;

       

      (4) the
        first
        day on which a majority of the members of the Board of Directors of the Company
        are not Continuing Directors; or

       

      (5) the
        Company consolidates with, or merges with or into, any Person, or any Person
        consolidates with, or merges with or into, the Company, in any such event
        pursuant to a transaction in which any of the outstanding Voting Stock of
        the
        Company or such other Person is converted into or exchanged for cash, securities
        or other property, other than any such transaction where the Voting Stock
        of the
        Company outstanding immediately prior to such transaction is converted into
        or
        exchanged for Voting Stock (other than Disqualified Stock) of the surviving
        or
        transferee Person constituting a majority of the outstanding shares of such
        Voting Stock of such surviving or transferee Person (immediately after giving
        effect to such issuance).

       

      “Clearstream” means
        Clearstream Banking S.A. and any successor thereto.

       

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

       

      “Commission”
means
        the Securities and Exchange Commission. 

       

      “Company”
means
        Centene Corporation, and any successor thereto.

       

      “Consolidated
        Cash Flow”
means,
        with respect to any specified Person for any period, the Consolidated Net
        Income
        of such Person for such period plus:

       

      (1) provision
        for taxes based on income or profits of such Person and its Restricted
        Subsidiaries for such period, to the extent that such provision for taxes
        was
        deducted in computing such Consolidated Net Income; plus

       

      (2) consolidated
        interest expense of such Person and its Restricted Subsidiaries for such
        period,
        whether paid or accrued and whether or not capitalized (including, without
        limitation, amortization of debt issuance costs and original issue discount,
        non-cash interest payments, the interest component of any deferred payment
        obligations, the interest component of all payments associated with Capital
        Lease Obligations, imputed interest with respect to Attributable Debt,
        commissions, discounts and other fees and charges incurred in respect of
        letter
        of credit or bankers’ acceptance financings, and net of the effect of all payments
        made or received pursuant to Hedging Obligations), to the extent that any
        such
        expense was deducted in computing such Consolidated Net Income; plus

       

      

      
        
          
            
            

          

          
            4

            
              

            

          

          
            
            

          

        

      

      

       

      (3) depreciation,
        amortization (including amortization of goodwill and other intangibles but
        excluding amortization of prepaid cash expenses that were paid in a prior
        period) and other non-cash expenses (excluding any such non-cash expense
        to the
        extent that it represents an accrual of or reserve for expenses to be paid
        in
        cash in any future period) of such Person and its Restricted Subsidiaries
        for
        such period to the extent that such depreciation, amortization and other
        non-cash expenses were deducted in computing such Consolidated Net Income;
        plus

       

      (4) any
        impairment charge or asset write-off pursuant to Financial Accounting Statement
        No. 144 and No. 142 or any successor pronouncement; minus

       

      (5) non-cash
        items increasing such Consolidated Net Income for such period, other than
        the
        accrual of revenue in the ordinary course of business,

       

      in
        each
        case, on a consolidated basis and determined in accordance with
        GAAP.

       

      Notwithstanding
        the preceding, the provision for taxes based on the income or profits of,
        and
        the depreciation, amortization, impairment and other non-cash charges of,
        a
        Restricted Subsidiary of the Company shall be added to Consolidated Net Income
        to compute Consolidated Cash Flow of the Company only to the extent that
        a
        corresponding amount would be permitted at the date of determination to be
        dividended to the Company by such Restricted Subsidiary without prior approval
        (that has not been obtained), pursuant to the terms of its charter and all
        agreements, instruments, judgments, decrees, orders, statutes, rules and
        governmental regulations applicable to that Subsidiary or its
        stockholders.

       

      “Consolidated
        Net Income”
means,
        with respect to any Person for any period, the consolidated Net Income of
        such
        Person and its Restricted Subsidiaries determined in accordance with GAAP;
        provided,
        however,
        that
        there will not be included in such Consolidated Net Income:

       

      (1) any
        Net
        Income (loss) of any Person if such Person is not a Restricted Subsidiary
        except
        that:

       

      (a) subject
        to the limitations contained in clauses (3) and (4) below, the Company’s equity
        in the Net Income of any such Person for such period will be included in
        such
        Consolidated Net Income up to the aggregate amount of cash actually distributed
        by such Person during such period to the Company or a Restricted Subsidiary
        as a
        dividend or other distribution (subject, in the case of a dividend or other
        distribution to a Restricted Subsidiary, to the limitations contained in
        clause
        (2) below); and

       

      (b) the
        Company’s equity in a net loss of any such Person (other than an Unrestricted
        Subsidiary) for such period will be included in determining such Consolidated
        Net Income to the extent such loss has been funded with cash from the Company
        or
        a Restricted Subsidiary; 

       

      (2) any
        Net
        Income (but not loss) of any Restricted Subsidiary of the Company if such
        Subsidiary is subject to restrictions, directly or indirectly, on the payment
        of
        dividends or the making of distributions by such Restricted Subsidiary, directly
        or indirectly, to the Company, except that:

       

      (a) subject
        to the limitations contained in clauses (3) and (4) below, the Company’s equity
        in the Net Income of any such Restricted Subsidiary for such period will
        be
        included in such Consolidated Net Income up to the aggregate amount of cash
        actually distributed by such Restricted Subsidiary during such period to
        the
        Company or another Restricted Subsidiary as a dividend (subject, in the case
        of
        a dividend to another Restricted Subsidiary, to the limitations contained
        in
        this clause); and

       

      

      
        
          
            
            

          

          
            5

            
              

            

          

          
            
            

          

        

      

      

      (b) the
        Company’s equity in a net loss of any such Restricted Subsidiary for such period
        will be included in determining such Consolidated Net Income; 

       

      (3) Net
        Income or loss of any Person for any period prior to the acquisition of such
        Person by the Company or a Restricted Subsidiary, or the Net Income or loss
        of
        any Person who succeeds to the obligations of the Company under this Indenture
        for any period prior to such succession; and

       

      (4) the
        cumulative effect of a change in accounting principles.

       

      “Consolidated
        Total Assets”
means,
        as of the date of any determination thereof, the total assets of the Company
        and
        its consolidated Subsidiaries calculated in accordance with GAAP on a
        consolidated basis as of such date.

       

      “Consolidated
        Total Foreign Assets”
means,
        as of the date of any determination thereof, the total assets of the Company’s
        Foreign Restricted Subsidiaries calculated in accordance with GAAP on a
        consolidated basis as of such date.

       

      “Continuing
        Directors”
means,
        as of any date of determination, any member of the Board of Directors of
        the
        Company who:

       

      (1) was
        a
        member of such Board of Directors on the date of this Indenture; or

       

      (2) was
        nominated for election or elected to such Board of Directors with the approval
        of a majority of the Continuing Directors who were members of such Board
        at the
        time of such nomination or election.

       

      “Corporate
        Trust Office of the Trustee”
shall
        be at the address of the Trustee specified in Section 12.02 hereof, or such
        other address as to which the Trustee may give notice to the
        Company.

       

      “Credit
        Agreement”
means
        the Credit Agreement, dated as of September 14, 2004, among the Company,
        the
        various financial institutions named therein, as lenders, and LaSalle Bank
        National Association, as Administrative Agent and Arranger, as amended by
        that
        certain Amendment No. 1 thereto dated as of July 18, 2005, as amended by
        that
        certain Amendment No. 2 thereto dated as of September 9, 2005, as amended
        by
        that certain Amendment No. 3 thereto dated as of November 7, 2005, as amended
        by
        that certain Amendment No. 4 thereto dated as of April 7, 2006 and as amended
        by
        that certain Amendment No. 5 thereto dated as of September 22, 2006, including
        any related notes, Guarantees, collateral documents, instruments and agreements
        executed in connection therewith, and in each case as amended, restated,
        modified, renewed, refunded, replaced or refinanced (in whole or in part)
        from
        time to time, whether or not with the same lenders or agent.

       

      “Credit
        Facilities”
means,
        one or more debt facilities or agreements (including, without limitation,
        the
        Credit Agreement) or commercial paper facilities, in each case with banks
        or
        other institutional lenders or investors providing for revolving credit loans,
        term loans, receivables financing (including through the sale of receivables
        to
        such lenders or to special purpose entities formed to borrow from such lenders
        against such receivables) or letters of credit, in each case, as amended,
        restated, modified, renewed, refunded, replaced or refinanced (including
        any
        agreement to extend the maturity thereof and adding additional borrowers
        or
        guarantors) in whole or in part from time to time under the same or any other
        agent, lender or group of lenders and including increasing the amount of
        available borrowings thereunder; provided
        that
        such increase is permitted by Section 4.09 hereof.

       

      “Custodian”
means,
        with respect to the Notes issuable or issued in whole or in part in global
        form,
        the Person specified in Section 2.03(c) as Custodian with respect to the
        Notes,
        and any and all successors thereto appointed as custodian hereunder and having
        become such pursuant to the applicable provisions of this
        Indenture.

       

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

       

      

      
        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

      

      

      “Definitive
        Note”
means
        a
        certificated Note registered in the name of the Holder thereof and issued
        in
        accordance with Section 2.06 or 2.10 hereof, in substantially the form of
        Exhibit A hereto except that such Note shall not bear the Global Note Legend
        and
        shall not have the “Schedule of Exchanges of Interests in the Global Note”
attached thereto.

       

      “Depositary”
means,
        with respect to the Notes issuable or issued in whole or in part in global
        form,
        the Person specified in Section 2.03(b) hereof as the Depositary with respect
        to
        the Notes, and any and all successors thereto appointed as depositary hereunder
        and having become such pursuant to the applicable provisions of this
        Indenture.

       

      “Disqualified
        Stock”
means
        any Capital Stock that, by its terms (or by the terms of any security into
        which
        it is convertible, or for which it is exchangeable, in each case at the option
        of the holder of the Capital Stock), or upon the happening of any event,
        matures
        or is mandatorily redeemable, pursuant to a sinking fund obligation or
        otherwise, or redeemable at the option of the holder of the Capital Stock,
        in
        whole or in part, on or prior to the date that is 91 days after the date
        on
        which the Notes mature. Notwithstanding the preceding sentence, any Capital
        Stock that would constitute Disqualified Stock solely because the holders
        of the
        Capital Stock have the right to require the Company to repurchase such Capital
        Stock upon the occurrence of a change of control or an asset sale will not
        constitute Disqualified Stock if the terms of such Capital Stock provide
        that
        the Company may not repurchase or redeem any such Capital Stock pursuant
        to such
        provisions unless such repurchase or redemption complies with Section 4.10
        hereof.

       

      “Distribution
        Compliance Period”
means
        the 40-day distribution compliance period as defined in Regulation
        S.

       

      “Equity
        Interests”
means
        Capital Stock and all warrants, options or other rights to acquire Capital
        Stock
        (but excluding any debt security that is convertible into, or exchangeable
        for,
        Capital Stock).

       

      “Equity
        Offering”
means
        any
        private or public sale of common stock of the
        Company.

       

      “Euroclear”
means
        Euroclear Bank, S.A./N.V., as operator of the Euroclear systems, and any
        successor thereto.

       

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

       

      “Exchange
        Notes”
means
        notes issued in exchange for the Initial Notes or any Additional Notes pursuant
        to a Registration Rights Agreement.

       

      “Exchange
        Offer”
has
        the
        meaning set forth in a Registration Rights Agreement relating to an exchange
        of
        Notes registered under the Securities Act for Notes not so
        registered. 

       

      “Exchange
        Offer Registration Statement”
has
        the
        meaning set forth in a Registration Rights Agreement.

       

      “Existing
        Indebtedness”
means
        Indebtedness existing on the Issue Date (other than Indebtedness under this
        Indenture and the Credit Agreement).

       

      “Fair
        Market Value”
means,
        with respect to any Asset Sale or Restricted Payment or other item, the price
        that would be negotiated in an arms’-length transaction for cash between a
        willing seller and a willing and able buyer, neither of which is under any
        compulsion to complete the transaction, as such price is determined in good
        faith by an officer of the Company if such value is $2.5 million or greater;
        provided,
        however, if
        the
        value of such Asset Sale or Restricted Payment or other item is $5.0 million
        or
        greater, such determination shall be made in good faith by the Board of
        Directors of the Company; and provided
        further if
        the
        value of such Asset Sale or Restricted Payment or other item is $15.0 million
        or
        greater, such determination shall be made by an accounting, appraisal or
        investment banking firm of national standing that is not an Affiliate of
        the
        Company.

       

      

      
        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

      

      

      “Fixed
        Charge Coverage Ratio”
means
        with respect to any specified Person for any period, the ratio of the
        Consolidated Cash Flow of such Person and its Restricted Subsidiaries for
        such
        period to the Fixed Charges of such Person and its Restricted Subsidiaries
        for
        such period. In the event that the specified Person or any of its Restricted
        Subsidiaries incurs, assumes, guarantees, repays, repurchases or redeems
        any
        Indebtedness (other than ordinary working capital borrowings) or issues,
        repurchases or redeems preferred stock subsequent to the commencement of
        the
        period for which the Fixed Charge Coverage Ratio is being calculated and
        on or
        prior to the date on which the event for which the calculation of the Fixed
        Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge
        Coverage Ratio will be calculated giving pro forma effect to such incurrence,
        assumption, guarantee, repayment, repurchase or redemption of Indebtedness,
        or
        such issuance, repurchase or redemption of preferred stock, and the use of
        the
        proceeds therefrom as if the same had occurred at the beginning of the
        applicable four-quarter reference period.

       

      In
        addition, for purposes of calculating the Fixed Charge Coverage
        Ratio:

       

      (1) acquisitions
        that have been made by the specified Person or any of its Restricted
        Subsidiaries, including through mergers or consolidations and including any
        related financing transactions, during the four-quarter reference period
        or
        subsequent to such reference period and on or prior to the Calculation Date
        will
        be given pro forma effect (calculated in accordance with Regulation S-X)
        as if
        they had occurred on the first day of the four-quarter reference
        period;

       

      (2) the
        Consolidated Cash Flow attributable to discontinued operations, as determined
        in
        accordance with GAAP, and operations or businesses disposed of prior to the
        Calculation Date, will be excluded; and

       

      (3) the
        Fixed
        Charges attributable to discontinued operations, as determined in accordance
        with GAAP, and operations or businesses disposed of prior to the Calculation
        Date, will be excluded, but only to the extent that the obligations giving
        rise
        to such Fixed Charges will not be obligations of the specified Person or
        any of
        its Restricted Subsidiaries following the Calculation Date.

       

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

       

      (1) the
        consolidated interest expense of such Person and its Restricted Subsidiaries
        for
        such period, whether paid or accrued, including, without limitation,
        amortization of debt issuance costs and original issue discount, non-cash
        interest payments, the interest component of any deferred payment obligations,
        the interest component of all payments associated with Capital Lease
        Obligations, imputed interest with respect to Attributable Debt, commissions,
        discounts and other fees and charges incurred in respect of letter of credit
        or
        bankers’ acceptance financings, and net of the effect of all payments made or
        received pursuant to Hedging Obligations; plus

       

      (2) the
        consolidated interest expense of such Person and its Restricted Subsidiaries
        that was capitalized during such period; plus

       

      (3) any
        interest expense on Indebtedness of another Person that is guaranteed by
        such
        Person or one of its Restricted Subsidiaries or secured by a Lien on assets
        of
        such Person or one of its Restricted Subsidiaries, whether or not such Guarantee
        or Lien is called upon; plus

       

      (4) the
        product of (a) all dividends, whether paid or accrued and whether or not
        in
        cash, on any series of preferred stock of such Person or any of its Restricted
        Subsidiaries, other than dividends on Equity Interests payable (x) solely
        in
        Equity Interests of the Company (other than Disqualified Stock) or (y) to
        the
        Company or a Restricted Subsidiary of the Company, times (b) a fraction,
        the
        numerator of which is one and the denominator of which is one minus the then
        current combined federal, state and local statutory tax rate of such Person,
        expressed as a decimal, in each case, on a consolidated basis and in accordance
        with GAAP.

       

      

      
        
          
            
            

          

          
            8

            
              

            

          

          
            
            

          

        

      

      

      “Foreign
        Restricted Subsidiary”
means
        any Restricted Subsidiary that is not formed under the laws of the United
        States
        of America or any State thereof.

       

      “GAAP”
means
        generally accepted accounting principles set forth in the opinions and
        pronouncements of the Accounting Principles Board of the American Institute
        of
        Certified Public Accountants and statements and pronouncements of the Financial
        Accounting Standards Board or in such other statements by such other entity
        as
        have been approved by a significant segment of the accounting profession,
        which
        are in effect on the Issue Date.

       

      “Global
        Note Legend”
means
        the legend set forth in Section 2.06(g)(ii), which is required to be placed
        on
        all Global Notes issued under this Indenture.

       

      “Global
        Notes”
means
        the global Notes in the form of Exhibit A hereto issued in accordance with
        Article 2 hereof.

       

      “Guarantee”
means
        a
        guarantee other than by endorsement of negotiable instruments for collection
        in
        the ordinary course of business, direct or indirect, in any manner including,
        without limitation, by way of a pledge of assets or through letters of credit
        or
        reimbursement agreements in respect thereof, of all or any part of any
        Indebtedness.

       

      “Guarantor”
means
        any Subsidiary that executes a Subsidiary Guarantee in accordance with the
        provisions of this Indenture and its respective successors and
        assigns.

       

      “Hedging
        Obligations”
means,
        with respect to the Company or any of its Restricted Subsidiaries, the
        obligations of such Person under interest rate swap agreements, interest
        rate
        cap agreements and interest rate collar agreements and other agreements or
        arrangements designed to protect such Person against fluctuations in interest
        rates with respect to any floating rate Indebtedness that is permitted to
        be
        incurred under this Indenture. 

       

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

       

      “IAI
        Global Note”
means
        a
        Global Note in the form of Exhibit A hereto bearing the Global Note Legend
        and
        the Private Placement Legend and deposited with and registered in the name
        of
        the Depositary or its nominee issued in a denomination equal to the outstanding
        principal amount of the Notes sold to Institutional Accredited Investors,
        if
        any, to the extent required by the Applicable Procedures.

       

      “Indebtedness”
means,
        with respect to any specified Person, any indebtedness of such Person, whether
        or not contingent:

       

      (1) in
        respect of borrowed money;

       

      (2) evidenced
        by bonds, notes, debentures or similar instruments or letters of credit (or
        reimbursement agreements in respect thereof);

       

      (3) in
        respect of banker’s acceptances;

       

      (4) representing
        Capital Lease Obligations;

       

      (5) representing
        the balance deferred and unpaid of the purchase price of any property, except
        any such balance that constitutes an accrued expense or Trade
        Payable;

       

      (6) representing
        any Hedging Obligations; or

       

      (7) Disqualified
        Stock of such Person or a Restricted Subsidiary in an amount equal to the
        greater of the maximum mandatory redemption or repurchase price (not including,
        in either case, any redemption or repurchase premium) or the liquidation
        preference thereof,

       

      

      
        
          
            
            

          

          
            9

            
              

            

          

          
            
            

          

        

      

      if
        and to
        the extent any of the preceding items (other than letters of credit and Hedging
        Obligations) would appear as a liability upon a balance sheet of the specified
        Person prepared in accordance with GAAP. In addition, the term “Indebtedness”
includes all Indebtedness of others secured by a Lien on any asset of the
        specified Person (whether or not such Indebtedness is assumed by the specified
        Person) and, to the extent not otherwise included, the Guarantee by the
        specified Person of any Indebtedness of any other Person. For the avoidance
        of
        doubt, to the extent any Indebtedness incurred in connection with the Centene
        Plaza Project appears as a liability on the balance sheet of the Company
        or one
        of its Restricted Subsidiaries and is non-recourse to the Company and its
        Restricted Subsidiaries, such Indebtedness will not constitute “Indebtedness”
for all purposes under this Indenture.

       

      The
        amount of any Indebtedness outstanding as of any date will be:

       

      (a) the
        accreted value of the Indebtedness, in the case of any Indebtedness issued
        with
        original issue discount; and

       

      (b) the
        principal amount of the Indebtedness, together with any interest on the
        Indebtedness that is more than 30 days past due, in the case of any other
        Indebtedness.

       

      “Indenture”
means
        this instrument, as originally executed or as it may from time to time be
        supplemented or amended in accordance with Article 9 hereof.

       

      “Indirect
        Participant”
means
        a
        Person who holds a beneficial interest in a Global Note through a
        Participant.

       

      “Initial
        Notes”
means
        $
        175,000,000 aggregate principal amount of Notes issued under this Indenture
        on
        the date hereof.

       

      “Initial
        Purchasers”
means
        Banc of America Securities LLC, Wachovia Capital Markets, LLC, Merrill, Lynch,
        Pierce, Fenner & Smith Incorporated, ABN AMRO Incorporated, Allen &
Company LLC and Goldman Sachs & Co.

       

      “Institutional
        Accredited Investor”
means
        an institution that is an “accredited investor” as defined in Rule 501(a)(1),
        (2), (3) or (7) under the Securities Act.

       

      “Interest
        Payment Dates”
shall
        have the meaning set forth in paragraph 1 of each Note.

       

      “Issue
        Date”
means
        March 22, 2007. 

       

      “Investment
        Grade Rating”
means
        a
        rating equal to or higher than Baa3 (or the equivalent) by Moody’s Investors
        Service, Inc. and BBB- (or the equivalent) by Standard & Poor’s Ratings
        Group, Inc., in each case, with a stable or better outlook.

       

      “Investments”
means,
        with respect to any Person, all direct or indirect investments by such Person
        in
        other Persons (including Affiliates) in the forms of loans (including Guarantees
        or other obligations), advances or capital contributions (excluding commission,
        travel and similar advances, fees and compensation paid to officers, directors
        and employees made in the ordinary course of business), purchases or other
        acquisitions for consideration of Indebtedness, Equity Interests or other
        securities, together with all items that are or would be classified as
        investments on a balance sheet prepared in accordance with GAAP. If the Company
        or any Subsidiary of the Company sells or otherwise disposes of any Equity
        Interests of any direct or indirect Subsidiary of the Company such that,
        after
        giving effect to any such sale or disposition, such Person is no longer a
        Subsidiary of the Company, the Company will be deemed to have made an Investment
        on the date of any such sale or disposition equal to the Fair Market Value
        of
        the Equity Interests of such Subsidiary not sold or disposed of in an amount
        determined as provided in Section 4.10 (c) hereof. The acquisition by the
        Company or any Subsidiary of the Company of a Person that holds an Investment
        in
        a third Person will be deemed to be an Investment by the Company or such
        Subsidiary in such
        third Person in an amount equal to the Fair Market Value of the Investment
        held
        by the acquired Person in such third Person in an amount determined as provided
        in Section 4.10 (c) hereof.

       

      

      
        
          
            
            

          

          
            10

            
              

            

          

          
            
            

          

        

      

      

       

      “Legal
        Holiday”
means
        a
        Saturday, a Sunday or a day on which banking institutions in the City of
        New
        York, the city in which the Corporate Trust Office of the Trustee is located
        or
        any other place of payment on the Notes are authorized by law, regulation
        or
        executive order to remain closed. 

       

      “Letter
        of Transmittal”
means
        the letter of transmittal, or its electronic equivalent in accordance with
        the
        Applicable Procedures, to be prepared by the Company and sent to all Holders
        of
        the Initial Notes or any Additional Notes for use by such Holders in connection
        with an Exchange Offer.

       

      “Lien”
means,
        with respect to any asset, any mortgage, lien, pledge, charge, security interest
        or encumbrance of any kind in respect of such asset, whether or not filed,
        recorded or otherwise perfected under applicable law, including any conditional
        sale or other title retention agreement, any lease in the nature thereof,
        any
        option or other agreement to sell or give a security interest in and any
        filing
        of or agreement to give any financing statement under the Uniform Commercial
        Code (or equivalent statutes) of any jurisdiction.

       

      “Net
        Income”
means,
        with respect to any specified Person, the net income (loss) of such Person,
        determined in accordance with GAAP and before any reduction in respect of
        preferred stock dividends, excluding, however:

       

      (1) any
        gain
        (but not loss), together with any related provision for taxes on such gain
        (but
        not loss), realized in connection with: (a) any Asset Sale; or (b) the
        disposition of any securities by such Person or any of its Restricted
        Subsidiaries or the extinguishment of any Indebtedness of such Person or
        any of
        its Restricted Subsidiaries; and

       

      (2) any
        extraordinary gain (but not loss), together with any related provision for
        taxes
        on such extraordinary gain (but not loss).

       

      “Net
        Proceeds”
means
        the aggregate cash or Cash Equivalents received by the Company or any of
        its
        Restricted Subsidiaries in respect of any Asset Sale (including, without
        limitation, any cash received upon the sale or other disposition of any non-cash
        consideration received in any Asset Sale), net of the direct costs relating
        to
        such Asset Sale, including, without limitation, legal, accounting and investment
        banking fees, and sales commissions, and any relocation expenses incurred
        as a
        result of the Asset Sale, taxes paid or payable as a result of the Asset
        Sale,
        in each case, after taking into account any available tax credits or deductions
        and any tax sharing arrangements, and amounts required to be applied to the
        repayment of Indebtedness secured by a Lien on the asset or assets that were
        the
        subject of such Asset Sale, and any reserve established in accordance with
        GAAP
        against liabilities associated with such Asset Sale or any amount placed
        in
        escrow for adjustment in respect of the purchase price of such Asset Sale,
        until
        such time as such reserve is reversed or such escrow arrangement is terminated,
        in which case Net Proceeds shall be increased by the amount of the reserve
        so
        reversed or the amount returned to the Company or its Restricted Subsidiaries
        from such escrow agreement, as the case may be.

       

      “Non-recourse
        Debt”
        means Indebtedness:

       

      (1) as
        to
        which neither the Company nor any of its Restricted Subsidiaries (a) provides
        credit support of any kind (including any undertaking, agreement or instrument
        that would constitute Indebtedness), (b) is directly or indirectly liable
        as a
        guarantor or otherwise, or (c) constitutes the lender;

       

      (2) no
        default with respect to which (including any rights that the holders thereof
        may
        have to take enforcement action against an Unrestricted Subsidiary) would
        permit
        upon notice, lapse of time of both any holder of any other Indebtedness (other
        than the Notes) of the Company or any of its Restricted Subsidiaries to declare
        a default on such other Indebtedness or cause the payment thereof to be
        accelerated or payable prior to its stated maturity; and

       

      

      
        
          
            
            

          

          
            11

            
              

            

          

          
            
            

          

        

      

      

      (3) as
        to
        which the lenders have been notified in writing that they will not have any
        recourse to the stock or assets of the Company or any of its Restricted
        Subsidiaries.

       

      “Obligations”
means
        any principal, interest, penalties, fees, indemnifications, reimbursements,
        damages and other liabilities payable under the documentation governing any
        Indebtedness.

       

      “Officer”
means
        the Chief Executive Officer, the President, the Chief Financial Officer or
        any
        Senior Vice President of the Company.

       

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

       

      “Opinion
        of Counsel”
means
        a
        written opinion from legal counsel which meets the requirements of Section
        12.05
        hereof. The counsel may be an employee of or counsel to the Company or the
        Trustee.

       

      “Participant”
means,
        with respect to the Depositary, Euroclear or Clearstream, a Person who has
        an
        account with the Depositary, Euroclear or Clearstream, respectively, and,
        with
        respect to DTC, shall include Euroclear and Clearstream.

       

      “Permitted
        Business”
means
        the lines of business conducted by the Company and its Restricted Subsidiaries
        on the date hereof and any other healthcare business related, ancillary or
        complementary (including any reasonable extension, development or expansion)
        to
        any such business.

       

      “Permitted
        Investments”
        means:

       

      (1) any
        Investment in the Company or a Restricted Subsidiary;

       

      (2) any
        Investment in Cash Equivalents;

       

      (3) any
        Investment by the Company or any of its Restricted Subsidiaries in a Person,
        if
        as a result of such Investment:

       

      (a) such
        Person becomes a Restricted Subsidiary; or

       

      (b) such
        Person is merged, consolidated or amalgamated with or into, or transfers
        or
        conveys substantially all of its assets to, or is liquidated into, the Company
        or a Subsidiary;

       

      (4) any
        Investment made as a result of the receipt of non-cash consideration from
        an
        Asset Sale that was made pursuant to and in compliance with Section 4.12
        hereof;

       

      (5) any
        acquisition of assets solely in exchange for the issuance of Equity Interests
        (other than Disqualified Stock) of the Company;

       

      (6) any
        Investments received in compromise of obligations of trade creditors, health
        care providers or customers that were incurred in the ordinary course of
        business, including pursuant to any plan of reorganization or similar
        arrangement upon the bankruptcy or insolvency of any trade creditor, health
        care
        provider or customer;

       

      (7) Hedging
        Obligations;

       

      (8) Investments
        the payment for which is Capital Stock (other than Disqualified Stock) of
        the
        Company;

       

      

      
        
          
            
            

          

          
            12

            
              

            

          

          
            
            

          

        

      

      

      (9) Investments
        in prepaid expenses, negotiable instruments held for collection, utility
        and
        workers compensation, performance and similar deposits made in the ordinary
        course of business;

       

      (10) loans
        and
        advances to non-executive officers and employees of the Company or any of
        its
        Restricted Subsidiaries in the ordinary course of business in accordance
        with
        the past practices of the Company or any of its Restricted Subsidiaries in
        an
        aggregate amount for all such loans and advances not to exceed $3.0 million
        at
        any time outstanding;

       

      (11) Investments
        existing on the Issue Date; 

       

      (12) Permitted
        Market Investments; 

       

      (13) Investments
        in the Equity Interests of the joint venture created in connection with the
        Centene Plaza Divestiture;

       

      (14) Investments
        in Permitted Joint Ventures in an amount not to exceed at any one time
        outstanding 5% of the Company’s Consolidated Total Assets; and

       

      (15) other
        Investments in any Person having an aggregate Fair Market Value (measured
        on the
        date each such investment was made and without giving effect to subsequent
        changes in value), when taken together with all other Investments made pursuant
        to this clause (15) that are at the time outstanding, not to exceed the greater
        of (x) $35.0 million or (y) 4% of the Company’s Consolidated Total
        Assets.

       

      “Permitted
        Joint Venture”
means
        any joint venture that the Company or any of its Restricted Subsidiaries
        is a
        party to that is engaged in a Permitted Business.

       

      “Permitted
        Liens”
        means:

       

      (1) Liens
        in
        favor of the Company or its Restricted Subsidiaries;

       

      (2) Liens
        on
        any property or assets of a Person existing at the time such Person is merged
        with or into or consolidated with the Company or any Restricted Subsidiary
        of
        the Company; provided
        that
        such Liens were in existence prior to such merger or consolidation and not
        incurred in contemplation thereof and do not extend to any property or assets
        other than those of the Person merged into and consolidated with the Company
        or
        the Restricted Subsidiary;

       

      (3) Liens
        for
        taxes or other governmental charges not at the time delinquent or thereafter
        payable without penalty or being contested in good faith by appropriate
        proceedings and, in each case, for which it maintains adequate
        reserves;

       

      (4) Liens
        on
        any property or assets existing at the time of the acquisition thereof by
        the
        Company or any Restricted Subsidiary of the Company; provided
        that
        such
        Liens were in existence prior to the contemplation of such acquisition and
        do
        not extend to any property or assets of the Company or the Restricted
        Subsidiary;

       

      (5) Liens
        to
        secure the performance of statutory obligations, surety or appeal bonds,
        government contracts, performance bonds or other obligations of a like nature
        incurred in the ordinary course of business (such as (i) Liens of landlords,
        carriers, warehousemen, mechanics and materialmen and other similar Liens
        imposed by law and (ii) Liens in the form of deposits or pledges incurred
        in
        connection with worker’s compensation, unemployment compensation and other types
        of social security (excluding Liens arising under Employee Retirement Income
        Security Act of 1974)); 

       

      (6) Liens
        existing on the Issue Date;

       

      

      
        
          
            
            

          

          
            13

            
              

            

          

          
            
            

          

        

      

      

      (7) Liens
        arising from Uniform Commercial Code financing statement filings regarding
        operating leases entered into by the Company and its Restricted Subsidiaries
        in
        the ordinary course of business;

       

      (8) Liens
        securing Permitted Refinancing Indebtedness incurred to refinance Indebtedness
        that was previously so secured as permitted by this Indenture; provided
        that any
        such Lien is limited to all or part of the same property or assets (plus
        improvements, accessions, proceeds or dividends or distributions in respect
        thereof) that secured (or, under the written arrangements under which the
        original Lien arose, could secure) the Indebtedness being refinanced or is
        in
        respect of property that is the security for a Permitted Lien
        hereunder;

       

      (9) Liens
        securing Hedging Obligations of the Company or any of its Restricted
        Subsidiaries, which transactions or obligations are incurred in the ordinary
        course of business for bona fide hedging purposes (and not financing or
        speculative purposes) of the Company or its Restricted Subsidiaries (as
        determined in good faith by the Board of Directors or senior management of
        the
        Company);

       

      (10) Liens
        to
        secure Indebtedness (including Capital Lease Obligations) permitted by clause
        (4) under Section 4.09(b) hereof; provided
        that
        any
        such Lien (i) covers only the assets acquired, constructed or improved with
        such
        Indebtedness and (ii) is created within 180 days of such acquisition,
        construction or improvement;

       

      (11) Liens
        to
        secure Indebtedness of Foreign Restricted Subsidiaries permitted by clause
        (11)
        under Section 4.09(b) hereof; provided
        that
        any
        such Lien covers only the assets of such Foreign Restricted
        Subsidiaries;

       

      (12) other
        Liens incurred in the ordinary course of business of the Company and its
        Restricted Subsidiaries with respect to Indebtedness in an aggregate principal
        amount, together with all Indebtedness incurred to refund, refinance or replace
        such Indebtedness (or refinancings, refundings or replacements thereof),
        that
        does not exceed 15% of the Company’s Consolidated Total Assets at any one time
        outstanding; and

       

      (13) Liens
        required by any regulation, or order of or arrangement or agreement with
        any
        regulatory body or agency, so long as such Liens do not secure Indebtedness.
        

       

      “Permitted
        Market Investments”
means
        any security that (i)(a) is of a type traded or quoted on any exchange or
        recognized financial market, (b) can be readily liquidated or disposed of
        on
        such exchanges or markets and (c) other than in the case of an equity security,
        has no lower than an “investment grade” rating from any nationally recognized
        rating agency or (ii) satisfies the Company’s investment guidelines as approved
        by the Board of Directors; provided
        that the
        aggregate amount of Permitted Market Investments consisting of common stock
        shall not exceed 10% at any time.

       

      “Permitted
        Refinancing Indebtedness”
means
        any Indebtedness of the Company or any of its Restricted Subsidiaries issued
        in
        exchange for, or the net proceeds of which are used to extend, refinance,
        renew,
        replace, defease or refund other Indebtedness of the Company or any of its
        Restricted Subsidiaries (other than intercompany Indebtedness); provided,
        however, that:

       

      (1) the
        principal amount (or accreted value, if applicable) of such Permitted
        Refinancing Indebtedness does not exceed the principal amount (or accreted
        value, if applicable) of the Indebtedness extended, refinanced, renewed,
        replaced, defeased or refunded (plus all accrued interest on the Indebtedness
        and the amount of all expenses and premiums incurred in connection
        therewith);

       

      (2) such
        Permitted Refinancing Indebtedness has a final maturity date the same as
        or
        later than the final maturity date of, and has a Weighted Average Life to
        Maturity equal to or greater than the Weighted Average Life to Maturity of,
        the
        Indebtedness being extended, refinanced, renewed, replaced, defeased or
        refunded;

       

      

      
        
          
            
            

          

          
            14

            
              

            

          

          
            
            

          

        

      

      

      (3) if
        Subordinated Obligations are being extended, refinanced, renewed, replaced,
        defeased or refunded, such Permitted Refinancing Indebtedness has a final
        maturity date later than the final maturity date of, and is subordinated
        in
        right of payment to, the Notes on terms at least as favorable to the holders
        of
        notes as those contained in the documentation governing the Subordinated
        Obligations being extended, refinanced, renewed, replaced, defeased or refunded;
        and

       

      (4) such
        Indebtedness is incurred either by the Company or by the Subsidiary who is
        the
        obligor on the Indebtedness being extended, refinanced, renewed, replaced,
        defeased or refunded.

       

      “Person”
means
        any individual, corporation, partnership, joint venture, association,
        joint-stock company, trust, unincorporated organization, limited liability
        company or government or other entity.

       

      “Predecessor
        Note” of
        any
        particular Note means every previous Note evidencing all or a portion of
        the
        same Debt as that evidenced by such particular Note; and any Note authenticated
        and delivered under Section 2.07 in lieu of a lost, destroyed or stolen Note
        shall be deemed to evidence the same Debt as the lost, destroyed or stolen
        Note.

       

      “Private
        Placement Legend”
means
        the legend set forth in Section 2.06(g)(i) hereof to be placed on all Notes
        issued under this Indenture except as otherwise permitted by the provisions
        of
        this Indenture.

       

      “QIB”
means
        a
“qualified institutional buyer” as defined in Rule 144A.

       

      “Ratings
        Agency”
means
        Standard & Poor’s Ratings Group, Inc. and Moody’s Investors Service, Inc. or
        if Standard & Poor’s Ratings Group, Inc. or Moody’s Investors Service, Inc.
        or both shall not make a rating on the Notes publicly available, a nationally
        recognized statistical rating agency or agencies, as the case may be, selected
        by the Company (as certified by a resolution of the Board of Directors) which
        shall be substituted for Standard and Poor’s Ratings Group, Inc. or Moody’s
        Investors Service, Inc. or both, as the case may be.

       

      “Registration
        Rights Agreement”
means
        the Registration Rights Agreement dated as of the Issue Date among the Company
        and the Initial Purchasers named therein, as such agreement may be amended,
        modified or supplemented from time to time and, with respect to any Additional
        Notes, one or more registration rights agreements between the Company and
        the
        other parties thereto, as such agreement(s) may be amended, modified or
        supplemented from time to time, relating to rights given by the Company to
        the
        purchasers of Additional Notes to register such Additional Notes, or exchange
        such Additional Notes for registered Notes, under the Securities
        Act.

       

      “Regular
        Record Date”
for
        the
        interest payable on any Interest Payment Date means the applicable date
        specified as a “Record Date” on the face of the Note.

       

      “Regulation
        S”
means
        Regulation S promulgated under the Securities Act.

       

      “Regulation
        S Global Note”
means
        a
        Global Note in the form of Exhibit A hereto bearing the Global Note Legend
        and
        the Private Placement Legend and deposited with and registered in the name
        of
        the Depository or its nominee, issued in a denomination equal to the outstanding
        principal amount of the Notes sold for initial resale in reliance on Rule
        903 of
        Regulation S.

       

      “Responsible
        Officer,”
when
        used with respect to the Trustee, means any officer within the Corporate
        Trust
        Department of the Trustee (or any successor group of the Trustee) with direct
        responsibility for the administration of this Indenture and also means, with
        respect to a particular corporate trust matter, any other officer to whom
        such
        matter is referred because of his or her knowledge of and familiarity with
        the
        particular subject. and who shall have direct responsibility for the
        administration of this Indenture. 

       

      “Restricted
        Definitive Note”
means
        one or more Definitive Notes bearing the Private Placement Legend.

       

      

      
        
          
            
            

          

          
            15

            
              

            

          

          
            
            

          

        

      

      

      “Restricted
        Global Notes”
means
        144A Global Notes, IAI Global Notes and Regulation S Global Notes.

       

      “Restricted
        Investment”
means
        an Investment other than a Permitted Investment.

       

      “Restricted
        Subsidiary”
of
        a
        Person means any Subsidiary of the referent Person that is not an Unrestricted
        Subsidiary.

       

      “Rule
        144”
means
        Rule 144 promulgated under the Securities Act.

       

      “Rule
        144A”
means
        Rule 144A promulgated under the Securities Act.

       

      “Rule
        903”
means
        Rule 903 promulgated under the Securities Act.

       

      “Rule
        904”
means
        Rule 904 promulgated under the Securities Act.

       

      “Sale/Leaseback
        Transaction”
means
        an arrangement relating to property now owned or hereafter acquired whereby
        the
        Company or a Restricted Subsidiary thereof transfers such property to a Person
        and the Company or a Restricted Subsidiary leases it from such Person.

       

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

       

      “Senior
        Debt”
means:
        

       

      (1) all
        Indebtedness of the Company outstanding under Credit Facilities and all Hedging
        Obligations with respect thereto;

       

      (2) any
        other
        Indebtedness of the Company permitted to be incurred under the terms of this
        Indenture, unless the instrument under which such Indebtedness is incurred
        expressly provides that it is on a parity with or subordinated in right of
        payment to the Notes; and

       

      (3) all
        Obligations with respect to the items listed in the preceding clauses (1)
        and
        (2).

       

      Notwithstanding
        anything to the contrary in the preceding, Senior Debt will not
        include:

       

      (a) any
        liability for federal, state, local or other taxes owed or owing by the
        Company;

       

      (b) any
        Indebtedness of the Company to any of its Subsidiaries or other
        Affiliates;

       

      (c) any
        Trade
        Payables; or

       

      (d) the
        portion of any Indebtedness that is incurred in violation of this
        Indenture.

       

      “Shelf
        Registration Statement”
means
        the registration statement relating to the registration of the Notes under
        Rule
        415 of the Securities Act, as may be set forth in a Registration Rights
        Agreement.

       

      “Significant
        Subsidiary”
means
        any Subsidiary that would be a “significant subsidiary” as defined in Article 1,
        Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act,
        as such
        regulation is in effect on the Issue Date.

       

      “Stated
        Maturity”
means,
        with respect to any installment of interest or principal on any series of
        Indebtedness, the date on which the payment of interest or principal was
        scheduled to be paid in the original documentation governing such Indebtedness,
        and will not include any contingent obligations to repay, redeem or repurchase
        any such interest or principal prior to the date originally scheduled for
        the
        payment thereof.

       

      

      
        
          
            
            

          

          
            16

            
              

            

          

          
            
            

          

        

      

      

      “Subordinated
        Obligations”
means
        any
        Indebtedness of the
        Company (whether
        outstanding on the date hereof or thereafter incurred) that is subordinate
        or
        junior in right of payment to the Notes pursuant to a written agreement to
        that
        effect.

       

      “Subsidiary”
means,
        with respect to any specified Person:

       

      (1) any
        corporation, association or other business entity of which more than 50%
        of the
        total voting power of shares of Capital Stock entitled (without regard to
        the
        occurrence of any contingency) to vote in the election of directors, managers
        or
        trustees of the corporation, association or other business entity is at the
        time
        owned or controlled, directly or indirectly, by that Person or one or more
        of
        the other Subsidiaries of that Person (or a combination thereof);
        and

       

      (2) any
        partnership (a) the sole general partner or the managing general partner
        of
        which is such Person or a Subsidiary of such Person or (b) the only general
        partners of which are that Person or one or more Subsidiaries of that Person
        (or
        any combination thereof).

       

      “Subsidiary
        Guarantee”
means
        a
        Guarantee by each Guarantor of the Company’s obligations under this Indenture
        and on the Notes, executed pursuant to Section 4.19 hereof.

       

      “Tax
        Sharing Agreement”
means
        the tax sharing agreement, dated December 31, 2002, by and among the Company
        and
        each of its Subsidiaries party thereto.

       

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

       

      “Total
        Debt”
means
        all Indebtedness of the Company and its Subsidiaries, determined on a
        consolidated basis.

       

      “Total
        Debt to Consolidated Cash Flow Ratio”
means
        as of the date of determination the ratio of Total Debt as of such date to
        Consolidated Cash Flow for the twelve-month period ending on such
        day.

       

      “Trade
        Payables”
means,
        with respect to any Person, any accounts payable or any other indebtedness
        or
        monetary obligation to trade creditors, physicians, hospitals, health
        maintenance organizations or other health care providers created, assumed
        or
        guaranteed by such Person or any of its Subsidiaries arising in the ordinary
        course of business in connection with the acquisition of goods and
        services.

       

      “Treasury
        Rate”
means,
        at the time of computation, the yield to maturity of United States Treasury
        Securities with a constant maturity (as compiled and published in the most
        recent Federal Reserve Statistical Release H.15(519) which has become publicly
        available at least two business days prior to the redemption date or, if
        such
        Statistical Release is no longer published, any publicly available source
        of
        similar market data) most nearly equal to the period from the redemption
        date to
        April 1, 2011; provided,
        however,
        that if
        the period from the redemption date to April 1, 2011 is not equal to the
        constant maturity of a United States Treasury Security for which a weekly
        average yield is given, the Treasury Rate shall be obtained by linear
        interpolation (calculated to the nearest one-twelfth of a year) from the
        weekly
        average yields of United States Treasury Securities for which such yields
        are
        given, except that if the period from the redemption date to April 1, 2011
        is
        less than one year, the weekly average yield on actually traded United States
        Treasury Securities adjusted to a constant maturity of one year shall be
        used.

       

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

       

      “Unrestricted
        Definitive Notes”
means
        one or more Definitive Notes that do not and are not required to bear the
        Private Placement Legend.

       

      

      
        
          
            
            

          

          
            17

            
              

            

          

          
            
            

          

        

      

      

      “Unrestricted
        Global Notes”
means
        one or more Global Notes that do not and are not required to bear the Private
        Placement Legend and are deposited with and registered in the name of the
        Depositary or its nominee.

       

      “Unrestricted
        Subsidiary”
means
        any Subsidiary of the Company (or any successor to any of them) that is
        designated by the Board of Directors as an Unrestricted Subsidiary pursuant
        to a
        Board Resolution, but only to the extent that such Subsidiary:

       

      (1) has
        no
        Indebtedness other than Non-Recourse Debt;

       

      (2) is
        not
        party to any agreement, contract, arrangement or understanding with the Company
        or any Restricted Subsidiary of the Company unless the terms of any such
        agreement, contract, arrangement or understanding are no less favorable to
        the
        Company or such Restricted Subsidiary than those that might be obtained at
        the
        time from Persons who are not Affiliates of the Company;

       

      (3) is
        a
        Person with respect to which neither the Company nor any of its Restricted
        Subsidiaries has any direct or indirect obligation (a) to subscribe for
        additional Equity Interests or (b) to maintain or preserve such Person’s
        financial condition or to cause such Person to achieve any specified levels
        of
        operating results;

       

      (4) has
        not
        guaranteed or otherwise directly or indirectly provided credit support for
        any
        Indebtedness of the Company or any of its Restricted Subsidiaries;
        and

       

      (5) has
        at
        least one director on its Board of Directors that is not a director or executive
        officer of the Company or any of its Restricted Subsidiaries and has at least
        one executive officer that is not a director or executive officer of the
        Company
        or any of its Restricted Subsidiaries.

       

      Any
        designation of a Subsidiary of the Company as an Unrestricted Subsidiary
        will be
        evidenced to the Trustee by filing with the Trustee a certified copy of the
        Board Resolution giving effect to such designation and an Officers’ Certificate
        certifying that such designation complied with the preceding conditions and
        was
        permitted by Section 4.10. If, at any time, any Unrestricted Subsidiary would
        fail to meet the preceding requirements as an Unrestricted Subsidiary, it
        will
        thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture
        and any Indebtedness of such Subsidiary will be deemed to be incurred by
        a
        Restricted Subsidiary of the Company as of such date and, if such Indebtedness
        is not permitted to be incurred as of such date under Section 4.09, the Company
        will be in default of such Section. The Board of Directors of the Company
        may at
        any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary;
        provided
        that
        such designation will be deemed to be an incurrence of Indebtedness by a
        Restricted Subsidiary of the Company of any outstanding Indebtedness of such
        Unrestricted Subsidiary and such designation will only be permitted if (1)
        such
        Indebtedness is permitted under Section 4.09, calculated on a pro forma basis
        as
        if such designation had occurred at the beginning of the four-quarter reference
        period; and (2) no Default or Event of Default would be in existence following
        such designation.

       

      “U.S.
        Government Securities”
        means
        direct obligations (or certificates representing an ownership interest in
        such
        obligations) of the United States of America (including any agency or
        instrumentality thereof) for the payment of which the full faith and credit
        of
        the United States of America is pledged and which are not callable or redeemable
        at the issuer’s option.

       

      “Voting
        Stock”
of
        any
        Person as of any date means the Capital Stock of such Person that is at the
        time
        entitled to vote in the election of the Board of Directors of such
        Person.

       

      “Weighted
        Average Life to Maturity”
means,
        when applied to any Indebtedness at any date, the number of years obtained
        by
        dividing:

       

      (1) the
        sum
        of the products obtained by multiplying (a) the amount of each then remaining
        installment, sinking fund, serial maturity or other required payments of
        principal, including payment at final maturity, in respect of the Indebtedness,
        by (b) the number of years (calculated to the nearest one-twelfth) that will
        elapse between such date and the making of such payment; by

       

      

      
        
          
            
            

          

          
            18

            
              

            

          

          
            
            

          

        

      

      

       

       

      (2) the
        then
        outstanding principal amount of such Indebtedness.

       

      Section
        1.02. Other
        Definitions.

      
 

      
        
          	
                  Term

                	 	
                  Defined
                    in Section

                
	
                  “Acceleration
                    Notice”

                	 	
                  6.02

                
	
                  “Affiliate
                    Transaction”

                	 	
                  4.14

                
	
                  “Asset
                    Sale Offer”

                	 	
                  4.12

                
	
                  “Authentication
                    Order”

                	 	
                  2.02

                
	
                  “Benefited
                    Party”

                	 	
                  10.01

                
	
                  “Change
                    of Control Amount”

                	 	
                  4.17

                
	
                  “Change
                    of Control Offer”

                	 	
                  4.17

                
	
                  “Covenant
                    Defeasance”

                	 	
                  8.03

                
	
                  “DTC”

                	 	
                  2.03

                
	
                  “Event
                    of Default”

                	 	
                  6.01

                
	
                  “Legal
                    Defeasance”

                	 	
                  8.02

                
	
                  “losses”

                	 	
                  7.07

                
	
                  “Offer
                    Amount”

                	 	
                  3.09

                
	
                  “Offer
                    Period”

                	 	
                  3.09

                
	
                  “Offer
                    to Purchase”

                	 	
                  3.09

                
	
                  “Paying
                    Agent”

                	 	
                  2.03

                
	
                  “Purchase
                    Date”

                	 	
                  3.09

                
	
                  “Purchase
                    Price”

                	 	
                  3.09

                
	
                  “Registrar”

                	 	
                  2.03

                
	
                  “Security
                    Register”

                	 	
                  2.03

                

        

      

      
 

      Section
        1.03. Incorporation
        by Reference of Trust Indenture Act.

       

      (a) Whenever
        this Indenture refers to a provision of the TIA, the provision is incorporated
        by reference in and made a part of this Indenture.

       

      (b) The
        following TIA terms used in this Indenture have the following
        meanings:

       

      “indenture
        securities”
        means
        the Notes and the Subsidiary Guarantees, if any;

       

      “indenture
        security holder”
        means a
        Holder of a Note;

       

      “indenture
        to be qualified”
        means
        this Indenture;

       

      “indenture
        trustee”
        or
“institutional
        trustee”
        means
        the Trustee; and

       

      “obligor”
        on the
        Notes means the Company and any successor obligor upon the Notes.

       

      (c) All
        other
        terms used in this Indenture that are defined by the TIA, defined by TIA
        reference to another statute or defined by Commission rule under the TIA
        and not
        otherwise defined herein have the meanings so assigned to them either in
        the
        TIA, by another statute or Commission rule, as applicable.

       

      Section
        1.04. Rules
        of Construction.

       

      (a) Unless
        the context otherwise requires:

       

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

      

      
        
          
            
            

          

          
            19

            
              

            

          

          
            
            

          

        

      

      

       

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

       

      (iii) “or”
is
        not exclusive;

       

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

       

      (v) all
        references in this instrument to “Articles,” “Sections” and other subdivisions
        are to the designated Articles, Sections and subdivisions of this instrument
        as
        originally executed;

       

      (vi) the
        words
“herein,” “hereof” and “hereunder” and other words of similar import refer to
        this Indenture as a whole and not to any particular Article, Section or other
        subdivision.

       

      (vii) “including”
        means “including without limitation;”

       

      (viii) provisions
        apply to successive events and transactions; and

       

      (ix) references
        to sections of or rules under the Securities Act, the Exchange Act or the
        TIA
        shall be deemed to include substitute, replacement or successor sections
        or
        rules adopted by the Commission from time to time thereunder.

       

      ARTICLE
        2.

       

      

       

      THE
        NOTES

       

      Section
        2.01. Form
        and Dating.

       

      (a) General.
        The
        Notes and the Trustee’s certificate of authentication shall be substantially in
        the form included in Exhibit A hereto, which is hereby incorporated in and
        expressly made part of this Indenture. The Notes may have notations, legends
        or
        endorsements required by law, exchange rule or usage in addition to those
        set
        forth on Exhibit A. Each Note shall be dated the date of its authentication.
        The
        Notes shall be in denominations of $1,000 and integral multiples thereof.
        The
        terms and provisions contained in the Notes shall constitute a part of this
        Indenture and the Company and the Trustee, by their execution and delivery
        of
        this Indenture, expressly agree to such terms and provisions and to be bound
        thereby. To the extent any provision of any Note conflicts with the express
        provisions of this Indenture, the provisions of this Indenture shall govern
        and
        be controlling.

       

      (b) Form
        of Notes.
        Notes
        shall be issued initially in global form and shall be substantially in the
        form
        of Exhibit A attached hereto (including the Global Note Legend thereon and
        the
“Schedule of Exchanges of Interests in the Global Note” attached thereto). Notes
        issued in definitive form shall be substantially in the form of Exhibit A
        attached hereto (but without the Global Note Legend thereon and without the
        “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each
        Global Note shall represent such aggregate principal amount of the outstanding
        Notes as shall be specified therein and each shall provide that it shall
        represent the aggregate principal amount of outstanding Notes from time to
        time
        endorsed thereon and that the aggregate principal amount of outstanding Notes
        represented thereby may from time to time be reduced or increased, as
        appropriate, to reflect exchanges and redemptions and transfers of interests
        therein. Any endorsement of a Global Note to reflect the amount of any increase
        or decrease in the aggregate principal amount of outstanding Notes represented
        thereby shall be made by the Trustee or the Custodian, at the direction of
        the
        Trustee, in accordance with instructions given by the Holder thereof as required
        by Section 2.06 hereof.

       

      (c) Book-Entry
        Provisions.
        This
        Section 2.01(c) shall apply only to Global Notes deposited with the Trustee,
        as
        custodian for the Depositary. Participants and Indirect Participants shall
        have
        no rights under this Indenture or any Global Note with respect to any Global
        Note held on their behalf by the Depositary or by the Trustee as custodian
        for
        the Depositary, and the Depositary shall be treated by the Company, the Trustee
        and any agent
        of
        the Company or the Trustee as the absolute owner of such Global Note for
        all
        purposes whatsoever. Notwithstanding the foregoing, nothing herein shall
        prevent
        the Company, the Trustee or any agent of the Company or the Trustee from
        giving
        effect to any written certification, proxy or other authorization furnished
        by
        the Depositary or impair, as between the Depositary and its Participants
        or
        Indirect Participants, the Applicable Procedures or the operation of customary
        practices of the Depositary governing the exercise of the rights of a Holder
        of
        a beneficial interest in any Global Note.

      

      
        
          
            
            

          

          
            20

            
              

            

          

          
            
            

          

        

      

      

       

      (d) Euroclear
        and Clearstream Procedures Applicable.
        The
        provisions of the “Operating Procedures of the Euroclear System” and “Terms and
        Conditions Governing Use of Euroclear” and the “General Terms and Conditions of
        Clearstream” and “Customer Handbook” of Clearstream shall be applicable to
        transfers of beneficial interests in Global Notes that are held by Participants
        through Euroclear or Clearstream.

       

      (e) Certificated
        Securities.
        The
        Company shall exchange Global notes for Definitive Notes if: (1) at any time
        the
        Depositary notifies the Company that it is unwilling or unable to continue
        to
        act as Depositary for the Global Notes or if at any time the Depositary shall
        no
        longer be eligible to act as such because it ceases to be a clearing agency
        registered under the Exchange Act, and, in either case, the Company shall
        not
        have appointed a successor Depositary within 120 days after the Company receives
        such notice or becomes aware of such ineligibility, or (2) upon written request
        of a Holder or the Trustee if a Default or Event of Default shall have occurred
        and be continuing. 

       

      Upon
        the
        occurrence of any of the events set forth in clauses (1) or (2) above, the
        Company shall execute, and, upon receipt of an Authentication Order in
        accordance with Section 2.02 hereof, the Trustee shall authenticate and deliver,
        Definitive Notes, in authorized denominations, in an aggregate principal amount
        equal to the principal amount of the Global Notes in exchange for such Global
        Notes.

       

      Upon
        the
        exchange of a Global Note for Definitive Notes, such Global Note shall be
        cancelled by the Trustee or an agent of the Company or the Trustee. Definitive
        Notes issued in exchange for a Global Note pursuant to this Section 2.01
        shall
        be registered in such names and in such authorized denominations as the
        Depositary, pursuant to instructions from its Participants or its Applicable
        Procedures, shall instruct the Trustee or an agent of the Company or the
        Trustee
        in writing. The Trustee or such agent shall deliver such Definitive Notes
        to or
        as directed by the Persons in whose names such Definitive Notes are so
        registered or to the Depositary.

       

      Section
        2.02. Execution
        and Authentication.

       

      (a) One
        Officer shall execute the Notes on behalf of the Company by manual or facsimile
        signature. 

       

      (b) If
        an
        Officer whose signature is on a Note no longer holds that office at the time
        a
        Note is authenticated by the Trustee, the Note shall nevertheless be
        valid.

       

      (c) A
        Note
        shall not be valid until authenticated by the manual signature of the Trustee.
        The signature shall be conclusive evidence that the Note has been authenticated
        under this Indenture.

       

      (d) The
        Trustee shall, upon a written order of the Company signed by an Officer (an
        “Authentication
        Order”),
        authenticate Notes for issuance.

       

      (e) The
        Trustee may appoint an authenticating agent acceptable to the Company to
        authenticate Notes. Unless otherwise provided in such appointment, an
        authenticating agent may authenticate Notes whenever the Trustee may do so.
        Each
        reference in this Indenture to authentication by the Trustee includes
        authentication by such agent. An authenticating agent shall have the same
        rights
        as the Trustee to deal with Holders, the Company or an Affiliate of the
        Company.

       

      

      
        
          
            
            

          

          
            21

            
              

            

          

          
            
            

          

        

      

      

      
        Section
          2.03. Registrar
          and Paying Agent.

      

       

      (a) The
        Company shall maintain an office or agency where Notes may be presented for
        registration of transfer or for exchange (“Registrar”)
        and an
        office or agency where Notes may be presented for payment (“Paying
        Agent”).
        The
        Registrar shall keep a register (the “Security
        Register”)
        of the
        Notes and of their transfer and exchange. The Company may appoint one or
        more
        co-registrars and one or more additional paying agents. The term “Registrar”
includes any co-registrar and the term “Paying Agent” includes any additional
        paying agent. The Company may change any Paying Agent or Registrar without
        notice to any Holder. The Company shall notify the Trustee in writing of
        the
        name and address of any Agent not a party to this Indenture. The Trustee
        will
        initially act as Paying Agent and Registrar, pursuant to the terms of this
        Indenture. The Company or any of its Subsidiaries may act as Paying Agent
        or
        Registrar.

       

      (b) The
        Company initially appoints The Depository Trust Company (“DTC”)
        to act
        as Depositary with respect to the Global Notes.

       

      (c) The
        Company initially appoints the Trustee to act as Registrar and Paying Agent
        and
        to act as Custodian with respect to the Global Notes, and the Trustee hereby
        agrees so to initially act.

       

      Section
        2.04. Paying
        Agent to Hold Money in Trust.

       

      The
        Company shall require each Paying Agent other than the Trustee to agree in
        writing that the Paying Agent shall hold in trust for the benefit of Holders
        or
        the Trustee all money held by the Paying Agent for the payment of principal,
        premium, if any, or interest on the Notes, and 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 funds held by
        it
        relating to the Notes to the Trustee. The Company at any time may require
        a
        Paying Agent to pay all funds held by it to the Trustee. Upon payment over
        to
        the Trustee, the Paying Agent (if other than the Company or a Subsidiary)
        shall
        have no further liability for such funds. If the Company or a Subsidiary
        acts as
        Paying Agent, it shall segregate and hold in a separate trust fund for the
        benefit of the Holders all funds held by it as Paying Agent. Upon any Event
        of
        Default under Sections 6.01(i) and (j) hereof relating to the Company, the
        Trustee shall serve as Paying Agent for the Notes.

       

      Section
        2.05. Holder
        Lists.

       

      The
        Trustee shall preserve in as current a form as is reasonably practicable
        the
        most recent list available to it of the names and addresses of all Holders
        and
        shall otherwise comply with TIA §312(a). If the Trustee is not the Registrar,
        the Company shall furnish or cause to be furnished to the Trustee at least
        seven
        Business Days before each Interest Payment Date and at such other times as
        the
        Trustee may request in writing, a list in such form and as of such date or
        such
        shorter time as the Trustee may allow, as the Trustee may reasonably require
        of
        the names and addresses of the Holders and the Company shall otherwise comply
        with TIA §312(a).

       

      Section
        2.06. Transfer
        and Exchange.

       

      (a) Transfer
        and Exchange of Global Notes.
        A
        Global Note may not be transferred as a whole except by the Depositary to
        a
        nominee of the Depositary, by a nominee of the Depositary to the Depositary
        or
        to another nominee of the Depositary, or by the Depositary or any such nominee
        to a successor Depositary or a nominee of such successor Depositary. Upon
        the
        occurrence of any of the events set forth in Section 2.01(e) above, Definitive
        Notes shall be issued in denominations of $1,000 or integral multiples thereof
        and in such names as the Depositary shall instruct the Trustee in writing.
        Global Notes also may be exchanged or replaced, in whole or in part, as provided
        in Sections 2.07 and 2.10 hereof. Except as provided above, every Note
        authenticated and delivered in exchange for, or in lieu of, a Global Note
        or any
        portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof,
        shall be authenticated and delivered in the form of, and shall be, a Global
        Note. A Global Note may not be exchanged for another Note other than as provided
        in this Section 2.06(a), and beneficial interests in a Global Note may not
        be
        transferred and exchanged other than as provided in Section 2.06(b), (c)
        or (f)
        hereof.

       

      (b) Transfer
        and Exchange of Beneficial Interests in the Global
        Notes.
        The
        transfer and exchange of beneficial interests in the Global Notes shall be
        effected through the Depositary, in accordance with the provisions of this
        Indenture and the Applicable Procedures. Beneficial interests in the Restricted
        Global Notes shall be subject to restrictions on transfer comparable to those
        set forth herein to the extent required by the Securities Act. Transfers
        of
        beneficial interests in Global Notes also shall require compliance with either
        clause (i) or (ii) below, as applicable, as well as one or more of the other
        following clauses, as applicable:

      

      
        
          
            
            

          

          
            22

            
              

            

          

          
            
            

          

        

      

      

       

      (i) Transfer
        of Beneficial Interests in the Same Global Note.
        Beneficial interests in any Restricted Global Note may be transferred to
        Persons
        who take delivery thereof in the form of a beneficial interest in the same
        Restricted Global Note in accordance with the transfer restrictions set forth
        in
        the Private Placement Legend and any Applicable Procedures. Beneficial interests
        in any Unrestricted Global Note may be transferred to Persons who take delivery
        thereof in the form of a beneficial interest in an Unrestricted Global Note.
        Except as may be required by any Applicable Procedures, no written orders
        or
        instructions shall be required to be delivered to the Registrar to effect
        the
        transfers described in this Section 2.06(b)(i).

       

      (ii) All
        Other Transfers and Exchanges of Beneficial Interests in Global
        Notes.
        In
        connection with all transfers and exchanges of beneficial interests that
        are not
        subject to Section 2.06(b)(i) above, the transferor of such beneficial interest
        must deliver to the Registrar either (A)(1) a written order from a
        Participant or an Indirect Participant given to the Depositary in accordance
        with the Applicable Procedures directing the Depositary to credit or cause
        to be
        credited a beneficial interest in another Global Note in an amount equal
        to the
        beneficial interest to be transferred or exchanged and (2) instructions
        given in accordance with the Applicable Procedures containing information
        regarding the Participant account to be credited with such increase or
        (B)(1) if permitted under Section 2.06(a), a written order from a
        Participant or an Indirect Participant given to the Depositary in accordance
        with the Applicable Procedures directing the Depositary to cause to be issued
        a
        Definitive Note in an amount equal to the beneficial interest to be transferred
        or exchanged and (2) instructions given by the Depositary to the Registrar
        containing information regarding the Person in whose name such Definitive
        Note
        shall be registered to effect the transfer or exchange referred to in (B)(1)
        above. Upon consummation of an Exchange Offer by the Company in accordance
        with
        Section 2.06(f) hereof, the requirements of this Section 2.06(b)(ii) shall
        be
        deemed to have been satisfied upon receipt by the Registrar of the instructions
        contained in the Letter of Transmittal delivered by the Holder of such
        beneficial interests in the Restricted Global Notes. Upon satisfaction of
        all of
        the requirements for transfer or exchange of beneficial interests in Global
        Notes contained in this Indenture and the Notes or otherwise applicable under
        the Securities Act, the Trustee shall adjust the principal amount of the
        relevant Global Note(s) pursuant to Section 2.06(h) hereof.

       

      (iii) Transfer
        of Beneficial Interests in a Restricted Global Note to Another Restricted
        Global
        Note.
        A
        holder of a beneficial interest in a Restricted Global Note may transfer
        such
        beneficial interest to a Person who takes delivery thereof in the form of
        a
        beneficial interest in another Restricted Global Note if the transfer complies
        with the requirements of Section 2.06(b)(ii) above and the Registrar receives
        the following:

       

      (A) if
        the
        transferee will take delivery in the form of a beneficial interest in the
        144A
        Global Note, then the transferor must deliver a certificate in the form of
        Exhibit B hereto, including the certifications in item (1) thereof or, if
        permitted by the Applicable Procedures, item (3) thereof;

       

      (B) if
        the
        transferee will take delivery in the form of a beneficial interest in the
        Regulation S Global Note, then the transferor must deliver a certificate
        in the
        form of Exhibit B hereto, including the certifications in item (2) thereof;
        and

       

      (C) if
        the
        transferee is required by the Applicable Procedures to take delivery in the
        form
        of a beneficial interest in the IAI Global Note, then the transferor must
        deliver a certificate in the form of Exhibit B hereto, including the
        certifications and certificates and Opinion of Counsel required by item (3)
        thereof, if applicable.

      

      
        
          
            
            

          

          
            23

            
              

            

          

          
            
            

          

        

      

      

       

      (iv) Transfer
        or Exchange of Beneficial Interests in a Restricted Global Note for Beneficial
        Interests in an Unrestricted Global Note.
        A
        holder of a beneficial interest in a Restricted Global Note may exchange
        such
        beneficial interest for a beneficial interest in an Unrestricted Global Note
        or
        may transfer such beneficial interest to a Person who takes delivery thereof
        in
        the form of a beneficial interest in an Unrestricted Global Note only if
        the
        exchange or transfer complies with the requirements of Section 2.06(b)(ii)
        above
        and:

       

      (A) such
        exchange or transfer is effected pursuant to the Exchange Offer in accordance
        with a Registration Rights Agreement and the holder of the beneficial interest,
        in the case of an exchange, or the transferee, in the case of a transfer,
        makes
        any and all certifications required in the applicable Letter of Transmittal
        (or
        is deemed to have made such certifications if delivery is made through the
        Applicable Procedures) as may be required by such Registration Rights
        Agreement;

       

      (B) such
        transfer is effected pursuant to a Shelf Registration Statement in accordance
        with a Registration Rights Agreement;

       

      (C) such
        transfer is effected by a broker-dealer pursuant to an Exchange Offer
        Registration Statement in accordance with a Registration Rights Agreement;
        or

       

      (D) the
        Registrar receives the following:

       

      (1) if
        the
        holder of such beneficial interest in a Restricted Global Note proposes to
        exchange such beneficial interest for a beneficial interest in an Unrestricted
        Global Note, a certificate from such holder in the form of Exhibit C hereto,
        including the certifications in item (1)(a) thereof; or

       

      (2) if
        the
        holder of such beneficial interest in a Restricted Global Note proposes to
        transfer such beneficial interest to a Person who shall take delivery thereof
        in
        the form of a beneficial interest in an Unrestricted Global Note, a certificate
        from such holder in the form of Exhibit B hereto, including the certifications
        in item (4) thereof;

       

      and,
        in
        each such case set forth in this clause (D), if the Registrar so requests
        or if
        the Applicable Procedures so require, an Opinion of Counsel in form reasonably
        acceptable to the Registrar to the effect that such exchange or transfer
        complies with the Securities Act and that the restrictions on transfer contained
        herein and in the Private Placement Legend are no longer required in order
        to
        maintain compliance with the Securities Act.

       

      If
        any
        such transfer is effected pursuant to clause (B) or (D) above at a time when
        an
        Unrestricted Global Note has not yet been issued, the Company shall execute
        and,
        upon receipt of an Authentication Order in accordance with Section 2.02 hereof,
        the Trustee shall authenticate one or more Unrestricted Global Notes in an
        aggregate principal amount equal to the aggregate principal amount of beneficial
        interests transferred pursuant to clause (B) or (D) above.

       

      

      
        
          
            
            

          

          
            24

            
              

            

          

          
            
            

          

        

      

      

      (v) Transfer
        or Exchange of Beneficial Interests in an Unrestricted Global Note for
        Beneficial Interests in a Restricted Global Note Prohibited.
        Beneficial interests in an Unrestricted Global Note may not be exchanged
        for, or
        transferred to Persons who take delivery thereof in the form of, beneficial
        interests in a Restricted Global Note.

       

      (c) Transfer
        and Exchange of Beneficial Interests in Global Notes for Definitive
        Notes.

       

      (i) Transfer
        or Exchange of Beneficial Interests in Restricted Global Notes to Restricted
        Definitive Notes.
        Subject
        to Section 2.06(a) hereof, if any holder of a beneficial interest in a
        Restricted Global Note proposes to exchange such beneficial interest for
        a
        Restricted Definitive Note or to transfer such beneficial interest to a Person
        who takes delivery thereof in the form of a Restricted Definitive Note, then,
        upon receipt by the Registrar of the following documentation:

       

      (A) if
        the
        holder of such beneficial interest in a Restricted Global Note proposes to
        exchange such beneficial interest for a Restricted Definitive Note, a
        certificate from such holder in the form of Exhibit C hereto, including the
        certifications in item (2)(a) thereof;

       

      (B) if
        such
        beneficial interest is being transferred to a QIB in accordance with Rule
        144A,
        a certificate to the effect set forth in Exhibit B hereto, including the
        certifications in item (1) thereof;

       

      (C) if
        such
        beneficial interest is being transferred to a “non-U.S. Person” in an offshore
        transaction (as defined in Section 902(k) of Regulation S) in accordance
        with
        Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B
        hereto,
        including the certifications in item (2) thereof;

       

      (D) if
        such
        beneficial interest is being transferred pursuant to an exemption from the
        registration requirements of the Securities Act in accordance with Rule 144
        under the Securities Act, a certificate to the effect set forth in Exhibit
        B
        hereto, including the certifications in item (3)(a) thereof;

       

      (E) if
        such
        beneficial interest is being transferred to an Institutional Accredited Investor
        in reliance on an exemption from the registration requirements of the Securities
        Act other than those listed in clauses (B) through (D) above, a certificate
        to
        the effect set forth in Exhibit B hereto, including the certifications,
        certificates and Opinion of Counsel required by item (3)(d) thereof, if
        applicable; or

       

      (F) if
        such
        beneficial interest is being transferred to the Company or any of its
        Subsidiaries, a certificate to the effect set forth in Exhibit B hereto,
        including the certifications in item (3)(b) thereof,

       

      the
        Trustee shall reduce or cause to be reduced in a corresponding amount pursuant
        to Section 2.06(h) hereof, the aggregate principal amount of the applicable
        Restricted Global Note, and the Company shall execute and, upon receipt of
        an
        Authentication Order in accordance with Section 2.02 hereof, the Trustee
        shall
        authenticate and deliver a Restricted Definitive Note in the appropriate
        principal amount to the Person designated by the holder of such beneficial
        interest in the instructions delivered to the Registrar by the Depositary
        and
        the applicable Participant or Indirect Participant on behalf of such holder.
        Any
        Restricted Definitive Note issued in exchange for beneficial interests in
        a
        Restricted Global Note pursuant to this Section 2.06(c)(i) shall be registered
        in such name or names and in such authorized denomination or denominations
        as
        the holder of such beneficial interest shall designate in such instructions.
        The
        Trustee shall deliver such Restricted Definitive Notes to the Persons in
        whose
        names such Notes are so registered. Any Restricted Definitive Note issued
        in
        exchange for a beneficial interest in a Restricted Global Note pursuant to
        this
        Section 2.06(c)(i) shall bear the Private Placement Legend and shall be subject
        to all restrictions on transfer contained therein.

       

      

      
        
          
            
            

          

          
            25

            
              

            

          

          
            
            

          

        

      

      

       

      (ii) Transfer
        or Exchange of Beneficial Interests in Restricted Global Notes to Unrestricted
        Definitive Notes.
        Subject
        to Section 2.06(a) hereof, a holder of a beneficial interest in a Restricted
        Global Note may exchange such beneficial interest for an Unrestricted Definitive
        Note or may transfer such beneficial interest to a Person who takes delivery
        thereof in the form of an Unrestricted Definitive Note only if:

       

      (A) such
        exchange or transfer is effected pursuant to an Exchange Offer in accordance
        with a Registration Rights Agreement and the holder of such beneficial interest,
        in the case of an exchange, or the transferee, in the case of a transfer,
        makes
        any and all certifications in the applicable Letter of Transmittal (or is
        deemed
        to have made such certifications if delivery is made through the Applicable
        Procedures) as may be required by such Registration Rights Agreement;

       

      (B) such
        transfer is effected pursuant to a Shelf Registration Statement in accordance
        with a Registration Rights Agreement;

       

      (C) such
        transfer is effected by a broker-dealer pursuant to an Exchange Offer
        Registration Statement in accordance with a Registration Rights Agreement;
        or

       

      (D) the
        Registrar receives the following:

       

      (1) if
        the
        holder of such beneficial interest in a Restricted Global Note proposes to
        exchange such beneficial interest for an Unrestricted Definitive Note, a
        certificate from such holder in the form of Exhibit C hereto, including the
        certifications in item (1)(b) thereof; or

       

      (2) if
        the
        holder of such beneficial interest in a Restricted Global Note proposes to
        transfer such beneficial interest to a Person who shall take delivery thereof
        in
        the form of an Unrestricted Definitive Note, a certificate from such holder
        in
        the form of Exhibit B hereto, including the certifications in item (4)
        thereof;

       

      and,
        in
        each such case set forth in this clause (D), if the Registrar so requests
        or if
        the Applicable Procedures so require, an Opinion of Counsel in form reasonably
        acceptable to the Registrar to the effect that such exchange or transfer
        complies with the Securities Act and that the restrictions on transfer contained
        herein and in the Private Placement Legend are no longer required in order
        to
        maintain compliance with the Securities Act.

       

      Upon
        satisfaction of any of the conditions of any of the clauses of this Section
        2.06(c)(ii), the Company shall execute and, upon receipt of an Authentication
        Order in accordance with Section 2.02 hereof, the Trustee shall authenticate
        and
        deliver an Unrestricted Definitive Note in the appropriate principal amount
        to
        the Person designated by the holder of such beneficial interest in instructions
        delivered to
        the
        Registrar by the Depositary and the applicable Participant or Indirect
        Participant on behalf of such holder, and the Trustee shall reduce or cause
        to
        be reduced in a corresponding amount pursuant to Section 2.06(h), the aggregate
        principal amount of the applicable Restricted Global Note. 

       

      

      
        
          
            
            

          

          
            26

            
              

            

          

          
            
            

          

        

      

      

       

      (iii) Transfer
        or Exchange of Beneficial Interests in Unrestricted Global Notes to Unrestricted
        Definitive Notes.
        Subject
        to Section 2.06(a) hereof, if any holder of a beneficial interest in an
        Unrestricted Global Note proposes to exchange such beneficial interest for
        an
        Unrestricted Definitive Note or to transfer such beneficial interest to a
        Person
        who takes delivery thereof in the form of an Unrestricted Definitive Note,
        then,
        upon satisfaction of the applicable conditions set forth in Section 2.06(b)(ii)
        hereof, the Trustee shall reduce or cause to be reduced in a corresponding
        amount pursuant to Section 2.06(h) hereof, the aggregate principal amount
        of the
        applicable Unrestricted Global Note, and the Company shall execute, and,
        upon
        receipt of an Authentication Order in accordance with Section 2.02 hereof,
        the
        Trustee shall authenticate and deliver an Unrestricted Definitive Note in
        the
        appropriate principal amount to the Person designated by the holder of such
        beneficial interest in instructions delivered to the Registrar by the Depositary
        and the applicable Participant or Indirect Participant on behalf of such
        holder.
        Any Unrestricted Definitive Note issued in exchange for a beneficial interest
        pursuant to this Section 2.06(c)(iii) shall be registered in such name or
        names
        and in such authorized denomination or denominations as the holder of such
        beneficial interest shall designate in such instructions. The Trustee shall
        deliver such Unrestricted Definitive Notes to the Persons in whose names
        such
        Notes are so registered. Any Unrestricted Definitive Note issued in exchange
        for
        a beneficial interest pursuant to this Section 2.06(c)(iii) shall not bear
        the
        Private Placement Legend.

       

      (d) Transfer
        and Exchange of Definitive Notes for Beneficial Interests in the Global
        Notes.

       

      (i) Transfer
        or Exchange of Restricted Definitive Notes to Beneficial Interests in Restricted
        Global Notes.
        If any
        Holder of a Restricted Definitive Note proposes to exchange such Restricted
        Definitive Note for a beneficial interest in a Restricted Global Note or
        to
        transfer such Restricted Definitive Notes to a Person who takes delivery
        thereof
        in the form of a beneficial interest in a Restricted Global Note, then, upon
        receipt by the Registrar of the following documentation:

       

      (A) if
        the
        holder of such Restricted Definitive Note proposes to exchange such Restricted
        Definitive Note for a beneficial interest in a Restricted Global Note, a
        certificate from such holder in the form of Exhibit C hereto, including the
        certifications in item (2)(b) thereof;

       

      (B) if
        such
        Restricted Definitive Note is being transferred to a QIB in accordance with
        Rule
        144A, a certificate to the effect set forth in Exhibit B hereto, including
        the
        certifications in item (1) thereof;

       

      (C) if
        such
        Restricted Definitive Note is being transferred to a “non-U.S. Person” in an
        offshore transaction (as defined in Rule 902(k) of Regulation S) in accordance
        with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit
        B
        hereto, including the certifications in item (2) thereof;

       

      (D) if
        such
        Restricted Definitive Note is being transferred pursuant to an exemption
        from
        the registration requirements of the Securities Act in accordance with Rule
        144,
        a certificate to the effect set forth in Exhibit B hereto, including the
        certifications in item (3)(a) thereof;

       

      (E) if
        such
        Restricted Definitive Note is being transferred to an Institutional Accredited
        Investor in reliance on an exemption from the registration requirements of
        the
        Securities Act other than those listed in clauses (B) through (D) above,
        a
        certificate to the effect set forth in Exhibit B hereto, including the
        certifications, certificates and Opinion of Counsel required by item (3)(d)
        thereof, if applicable; or

      

      
        
          
            
            

          

          
            27

            
              

            

          

          
            
            

          

        

      

      

       

      (F) if
        such
        Restricted Definitive Note is being transferred to the Company or any of
        its
        Subsidiaries, a certificate to the effect set forth in Exhibit B hereto,
        including the certifications in item (3)(b) thereof,

       

      the
        Trustee shall cancel the Restricted Definitive Note, increase or cause to
        be
        increased in a corresponding amount pursuant to Section 2.06(h) hereof, the
        aggregate principal amount of, in the case of clause (A) above, the appropriate
        Restricted Global Note, in the case of clause (B) above, a 144A Global Note,
        in
        the case of clause (C) above, a Regulation S Global Note, and in all other
        cases, a IAI Global Note.

       

      (ii) Transfer
        or Exchange of Restricted Definitive Notes to Beneficial Interests in
        Unrestricted Global Notes.
        A
        holder of a Restricted Definitive Note may exchange such Restricted Definitive
        Note for a beneficial interest in an Unrestricted Global Note or transfer
        such
        Restricted Definitive Note to a Person who takes delivery thereof in the
        form of
        a beneficial interest in an Unrestricted Global Note only if:

       

      (A) such
        exchange or transfer is effected pursuant to an Exchange Offer in accordance
        with a Registration Rights Agreement and the holder of such beneficial interest,
        in the case of an exchange, or the transferee, in the case of a transfer,
        makes
        any and all certifications in the applicable Letter of Transmittal (or is
        deemed
        to have made such certifications if delivery is made through the Applicable
        Procedures) as may be required by such Registration Rights Agreement;

       

      (B) such
        transfer is effected pursuant to a Shelf Registration Statement in accordance
        with a Registration Rights Agreement;

       

      (C) such
        transfer is effected by a broker-dealer pursuant to an Exchange Offer
        Registration Statement in accordance with a Registration Rights Agreement;
        or

       

      (D) the
        Registrar receives the following:

       

      (1) if
        the
        holder of such Restricted Definitive Note proposes to exchange such Restricted
        Definitive Note for a beneficial interest in an Unrestricted Global Note,
        a
        certificate from such holder in the form of Exhibit C hereto, including the
        certifications in item (1)(c) thereof; or

       

      (2) if
        the
        holder of such Restricted Definitive Note proposes to transfer such Restricted
        Definitive Note to a Person who shall take delivery thereof in the form of
        a
        beneficial interest in an Unrestricted Global Note, a certificate from such
        Holder in the form of Exhibit B hereto, including the certifications in item
        (4)
        thereof;

       

      
        and,
          in
          each such case set forth in this clause (D), if the Registrar so requests
          or if
          the Applicable Procedures so require, an Opinion of Counsel in form reasonably
          acceptable to the Registrar to the effect that such exchange or transfer
          complies with the Securities Act and that the restrictions on transfer
          contained
          herein and in the Private Placement Legend are no longer required in order
          to
          maintain compliance with the Securities Act.

         

      

      

      
        
          
            
            

          

          
            28

            
              

            

          

          
            
            

          

        

      

      

       

      Upon
        satisfaction of the conditions of any of the clauses in this Section
        2.06(d)(ii), the Trustee shall cancel such Restricted Definitive Note and
        increase or cause to be increased in a corresponding amount pursuant to Section
        2.06(h) hereof, the aggregate principal amount of the Unrestricted Global
        Note.

       

      (iii) Transfer
        or Exchange of Unrestricted Definitive Notes to Beneficial Interests in
        Unrestricted Global Notes.
        A
        holder of an Unrestricted Definitive Note may exchange such Unrestricted
        Definitive Note for a beneficial interest in an Unrestricted Global Note
        or
        transfer such Unrestricted Definitive Note to a Person who takes delivery
        thereof in the form of a beneficial interest in an Unrestricted Global Note
        at
        any time. Upon receipt of a request for such an exchange or transfer, the
        Trustee shall cancel the applicable Unrestricted Definitive Note and increase
        or
        cause to be increased in a corresponding amount pursuant to Section 2.06(h)
        hereof the aggregate principal amount of one of the Unrestricted Global
        Notes.

       

      (iv) Transfer
        or Exchange of Unrestricted Definitive Notes to Beneficial Interests in
        Restricted Global Notes Prohibited.
        An
        Unrestricted Definitive Note may not be exchanged for, or transferred to
        Persons
        who take delivery thereof in the form of, beneficial interests in a Restricted
        Global Note.

       

      (v) Issuance
        of Unrestricted Global Notes.
        If any
        such exchange or transfer of a Definitive Note for a beneficial interest
        in an
        Unrestricted Global Note is effected pursuant to clause (ii)(B), (ii)(D)
        or
        (iii) at a time when an Unrestricted Global Note has not yet been issued,
        the
        Company shall issue and, upon receipt of an Authentication Order in accordance
        with Section 2.02 hereof, the Trustee shall authenticate one or more
        Unrestricted Global Notes in an aggregate principal amount equal to the
        principal amount of Definitive Notes so transferred.

       

      (e) Transfer
        and Exchange of Definitive Notes for Definitive Notes.
        Upon
        request by a holder of Definitive Notes and such holder’s compliance with the
        provisions of this Section 2.06(e), the Registrar shall register the transfer
        or
        exchange of Definitive Notes. Prior to such registration of transfer or
        exchange, the requesting Holder shall present or surrender to the Registrar
        the
        Definitive Notes duly endorsed or accompanied by a written instruction of
        transfer in form satisfactory to the Registrar duly executed by such holder.
        In
        addition, the requesting holder shall provide any additional certifications,
        documents and information, as applicable, required pursuant to the following
        provisions of this Section 2.06(e).

       

      (i) Transfer
        of Restricted Definitive Notes to Restricted Definitive Notes.
        Any
        Restricted Definitive Note may be transferred to and registered in the name
        of
        Persons who take delivery thereof in the form of a Restricted Definitive
        Note if
        the Registrar receives the following:

       

      (A) if
        the
        transfer will be made pursuant to Rule 144A, a certificate in the form of
        Exhibit B hereto, including the certifications in item (1) thereof;

       

      (B) if
        the
        transfer will be made pursuant to Rule 903 or Rule 904, a certificate in
        the
        form of Exhibit B hereto, including the certifications in item (2) thereof;
        and

       

      (C) if
        the
        transfer will be made pursuant to any other exemption from the registration
        requirements of the Securities Act, a certificate
        in the form
        of Exhibit B hereto, including the certifications, certificates and Opinion
        of
        Counsel required by item (3) thereof, if applicable.

       

      

      
        
          
            
            

          

          
            29

            
              

            

          

          
            
            

          

        

      

      

       

       

      (ii) Transfer
        or Exchange of Restricted Definitive Notes to Unrestricted Definitive
        Notes.
        Any
        Restricted Definitive Note may be exchanged by the holder thereof for an
        Unrestricted Definitive Note or transferred to a Person or Persons who take
        delivery thereof in the form of an Unrestricted Definitive Note only
        if:

       

      (A) such
        exchange or transfer is effected pursuant to an Exchange Offer in accordance
        with a Registration Rights Agreement and the holder, in the case of an exchange,
        or the transferee, in the case of a transfer, makes any and all certifications
        in the applicable Letter of Transmittal (or is deemed to have made such
        certifications if delivery is made through the Applicable Procedures) as
        may be
        required by a Registration Rights Agreement;

       

      (B) any
        such
        transfer is effected pursuant to a Shelf Registration Statement in accordance
        with a Registration Rights Agreement;

       

      (C) any
        such
        transfer is effected by a broker-dealer pursuant to an Exchange Offer
        Registration Statement in accordance with a Registration Rights Agreement;
        or

       

      (D) the
        Registrar receives the following:

       

      (1) if
        the
        holder of such Restricted Definitive Note proposes to exchange such Restricted
        Definitive Notes for an Unrestricted Definitive Note, a certificate from
        such
        holder in the form of Exhibit C hereto, including the certifications in item
        (1)(d) thereof; or

       

      (2) if
        the
        holder of such Restricted Definitive Notes proposes to transfer such Restricted
        Definitive Notes to a Person who shall take delivery thereof in the form
        of an
        Unrestricted Definitive Note, a certificate from such holder in the form
        of
        Exhibit B hereto, including the certifications in item (4) thereof;

       

      and,
        in
        each such case set forth in this clause (D), if the Registrar so requests,
        an
        Opinion of Counsel in form reasonably acceptable to the Registrar to the
        effect
        that such exchange or transfer complies with the Securities Act and that
        the
        restrictions on transfer contained herein and in the Private Placement Legend
        are no longer required in order to maintain compliance with the Securities
        Act.

       

      Upon
        satisfaction of the conditions of any of the clauses of this Section
        2.06(e)(ii), the Trustee shall cancel the prior Restricted Definitive Note
        and
        the Company shall execute, and upon receipt of an Authentication Order in
        accordance with Section 2.02 hereof, the Trustee shall authenticate and deliver
        an Unrestricted Definitive Note in the appropriate aggregate principal amount
        to
        the Person designated by the holder of such prior Restricted Definitive Note
        in
        instructions delivered to the Registrar by such holder.

       

      (iii) Transfer
        of Unrestricted Definitive Notes to Unrestricted Definitive
        Notes.
        A
        holder of Unrestricted Definitive Notes may transfer such Unrestricted
        Definitive Notes to a Person who takes delivery thereof in the form of an
        Unrestricted Definitive Note. Upon receipt of a
        request
        to register such a transfer, the Registrar shall register the Unrestricted
        Definitive Notes pursuant to the instructions from the holder
        thereof.

      

      
        
          
            
            

          

          
            30

            
              

            

          

          
            
            

          

        

      

      

       

      (f) Exchange
        Offer.
        Upon
        the occurrence of an Exchange Offer in accordance with a Registration Rights
        Agreement, the Company shall issue and, upon receipt of an Authentication
        Order
        in accordance with Section 2.02 hereof, the Trustee shall authenticate (A)
        one
        or more Unrestricted Global Notes in an aggregate principal amount equal
        to the
        aggregate principal amount of the beneficial interests in the applicable
        Restricted Global Notes (1) tendered for acceptance by Persons that make
        any and
        all certifications in the applicable Letters of Transmittal (or are deemed
        to
        have made such certifications if delivery is made through the Applicable
        Procedures) as may be required by such Registration Rights Agreement and
        (2)
        accepted for exchange in such Exchange Offer and (B) Unrestricted Definitive
        Notes in an aggregate principal amount equal to the aggregate principal amount
        of the Restricted Definitive Notes tendered for acceptance by Persons who
        made
        the foregoing certifications and accepted for exchange in the Exchange Offer.
        Concurrently with the issuance of such Notes, the Trustee shall reduce or
        cause
        to be reduced in a corresponding amount the aggregate principal amount of
        the
        applicable Restricted Global Notes, and the Company shall execute and, upon
        receipt of an Authentication Order in accordance with Section 2.02 hereof,
        the
        Trustee shall authenticate and deliver to the Persons designated by the holders
        of Restricted Definitive Notes so accepted Unrestricted Definitive Notes
        in the
        appropriate aggregate principal amount.

       

      (g) Legends.
        The
        following legends shall appear on the face of all Global Notes and Definitive
        Notes issued under this Indenture unless specifically stated otherwise in
        the
        applicable provisions of this Indenture.

       

      (i) Private
        Placement Legend.

       

      (A) Except
        as
        permitted by clause (B) below, each Global Note and each Definitive Note
        (and
        all Notes issued in exchange therefor or substitution thereof) shall bear
        the
        legend in substantially the following form:

       

      “THIS
        NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
        (THE
“SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS NOTE NOR ANY
        INTEREST OR PARTICIPATION HEREIN MAY BE OFFERED, SOLD, ASSIGNED, TRANSFERRED,
        PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION
        OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION
        REQUIREMENTS OF THE SECURITIES ACT.

       

      THE
        HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR OTHERWISE
        TRANSFER SUCH NOTE, PRIOR TO THE DATE WHICH IS TWO YEARS AFTER THE LATER
        OF THE
        ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE COMPANY OR ANY
        AFFILIATE OF THE COMPANY WAS THE OWNER OF THIS NOTE (OR ANY PREDECESSOR OF
        SUCH
        NOTE) (THE “RESALE RESTRICTION TERMINATION DATE”), ONLY (A) TO THE COMPANY OR
        ANY SUBSIDIARY THEREOF, (B) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
        UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE
        PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON IT
        REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A
        THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
        INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE
        IN
        RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS
        THAT
        OCCUR OUTSIDE OF THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER
        THE
        SECURITIES ACT, (E) TO AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE
        501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS AN INSTITUTIONAL
        ACCREDITED INVESTOR ACQUIRING THE SECURITY FOR ITS OWN ACCOUNT OR FOR THE
        ACCOUNT OF SUCH AN INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM
        PRINCIPAL AMOUNT OF $250,000, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW
        TO OR
        FOR OFFER OR SALE IN CONNECTION WITH ANY DISTRIBUTION IN VIOLATION OF THE
        SECURITIES ACT OR (F) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE
        REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE
        COMPANY’S

       

      

      
        
          
            
            

          

          
            31

            
              

            

          

          
            
            

          

        

      

      

       

      AND
        THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER
        (i) PURSUANT TO CLAUSE (D) PRIOR TO THE END OF THE 40 DAY DISTRIBUTION
        COMPLIANCE PERIOD WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES
        ACT OR
        PURSUANT TO CLAUSES (E) OR (F) PRIOR TO THE RESALE RESTRICTION TERMINATION
        DATE
        TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
        INFORMATION SATISFACTORY TO EACH OF THEM, AND (ii) IN EACH OF THE FOREGOING
        CASES, TO REQUIRE THAT A CERTIFICATE OF TRANSFER IN THE FORM APPEARING ON
        THIS
        NOTE IS COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE TRUSTEE. THIS LEGEND
        WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION
        TERMINATION DATE.”

      
         

        (B) Notwithstanding
          the foregoing, any Global Note or Definitive Note issued pursuant to clauses
          (b)(iv), (c)(ii), (c)(iii), (d)(ii), (d)(iii), (e)(ii), (e)(iii) or (f)
          to this
          Section 2.06 (and all Notes issued in exchange therefor or substitution
          thereof)
          shall not bear the Private Placement Legend.

      

       

      (ii) Global
        Note Legend.
        Each
        Global Note shall bear a legend in substantially the following
        form:

       

      “THIS
        GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING
        THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS
        HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT
        THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT
        TO SECTION 2.06 OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN
        WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (III)
        THIS
        GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO
        SECTION
        2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A
        SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.

       

      UNLESS
        AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM,
        THIS
        NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE
        OF
        THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER
        NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
        SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS
        NOTE
        IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY,
        A
        NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF
        TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME
        OF
        CEDE & CO. OR IN SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED
        REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
        OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
        ANY
        TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
        PERSON
        IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
        INTEREST HEREIN.”

       

      (h) Cancellation
        and/or Adjustment of Global Notes.
        At such
        time as all beneficial interests in a particular Global Note have been exchanged
        for Definitive Notes or a particular Global Note has been redeemed, repurchased
        or cancelled in whole and not in part, each such Global Note shall be returned
        to or retained and cancelled by the Trustee in accordance with Section 2.11
        hereof. At any time prior to such cancellation, if any beneficial interest
        in a
        Global Note is exchanged for or transferred to a Person who will take delivery
        thereof in the form of a beneficial interest in another Global Note or for
        Definitive Notes, the aggregate principal amount of Notes represented by
        such
        Global Note shall be reduced accordingly and an endorsement shall be made
        on
        such Global Note by the Trustee or by the Depositary at the direction of
        the
        Trustee to reflect such reduction; and if the beneficial interest is being
        exchanged for or transferred to a Person who will take delivery thereof in
        the
        form of a beneficial interest in another Global Note, the aggregate principal
        amount of such other Global Note shall be increased
        accordingly and an endorsement shall be made on such Global Note by the Trustee
        or by the Depositary at the direction of the Trustee to reflect such
        increase.

       

      

      
        
          
            
            

          

          
            32

            
              

            

          

          
            
            

          

        

      

      

       

      (i) General
        Provisions Relating to Transfers and Exchanges.

       

      (i) No
        service charge shall be made to a holder of a beneficial interest in a Global
        Note or to a Holder of a Definitive Note for any registration of transfer
        or
        exchange, but the Company may require payment of a sum sufficient to cover
        any
        transfer tax or similar governmental charge payable in connection therewith
        (other than any such transfer taxes or similar governmental charge payable
        upon
        exchange or transfer pursuant to Sections 2.10, 3.06, 4.12, 4.17 and 9.05
        hereof).

       

      (ii) All
        Global Notes and Definitive Notes issued upon any registration of transfer
        or
        exchange of Global Notes or Definitive Notes shall be the valid obligations
        of
        the Company, evidencing the same debt as the Global Notes or Definitive Notes
        surrendered upon such registration of transfer or exchange and shall be entitled
        to all of the benefits of this Indenture equally and proportionately with
        all
        other Notes duly issued hereunder.

       

      (iii) Neither
        the Registrar nor the Company shall be required (A) to issue, to register
        the
        transfer of or to exchange any Notes during a period beginning at the opening
        of
        business 15 days before the day of any selection of Notes for redemption
        under
        Section 3.02 hereof and ending at the close of business on the date of
        selection, (B) to register the transfer of or to exchange any Note so selected
        for redemption in whole or in part, except the unredeemed portion of any
        Note
        being redeemed in part or (C) to register the transfer of or to exchange
        a Note
        between a record date (including a Regular Record Date) and the next succeeding
        Interest Payment Date.

       

      (iv) Prior
        to
        due presentment for the registration of transfer of any Note, the Trustee,
        any
        Agent and the Company may deem and treat the Person in whose name any Note
        is
        registered as the absolute owner of such Note for the purpose of receiving
        payment of principal of, premium, if any, and interest on such Note and for
        all
        other purposes, in each case regardless of any notice to the
        contrary.

       

      (v) All
        certifications, certificates and Opinions of Counsel required to be submitted
        to
        the Registrar pursuant to this Section 2.06 to effect a registration of transfer
        or exchange may be submitted by facsimile.

       

      (vi) The
        Trustee is hereby authorized and directed to enter into a letter of
        representation with the Depositary in the form provided by the Company and
        to
        act in accordance with such letter.

       

      Section
        2.07. Replacement
        Notes.

       

      If
        any
        mutilated Note is surrendered to the Trustee or the Company and the Trustee
        receives evidence to its satisfaction of the destruction, loss or theft of
        any
        Note, the Company shall issue and, upon receipt of an Authentication Order
        in
        accordance with Section 2.02 hereof, the Trustee shall authenticate a
        replacement Note. If required by the Trustee or the Company, the Holder of
        such
        Note shall provide indemnity that is sufficient, in the judgment of the Trustee
        or the Company, to protect the Company, the Trustee, any Agent and any
        authenticating agent from any loss that any of them may suffer in connection
        with such replacement. If required by the Company, such Holder shall reimburse
        the Company for its reasonable expenses in connection with such replacement.
        

       

      Every
        replacement Note issued in accordance with this Section 2.07 shall be the
        valid
        obligation of the Company, evidencing the same debt as the destroyed, lost
        or
        stolen Note, and shall be entitled to all of the benefits of this Indenture
        equally and proportionately with all other Notes duly issued
        hereunder.

       

      

      
        
          
            
            

          

          
            33

            
              

            

          

          
            
            

          

        

      

      

      
        Section
          2.08.Outstanding
          Notes.

      

       

      (a) The
        Notes
        outstanding at any time shall be the entire principal amount of Notes
        represented by all of the Global Notes and Definitive Notes authenticated
        by the
        Trustee except for those cancelled by it, those delivered to it for
        cancellation, those subject to reductions in beneficial interests effected
        by
        the Trustee in accordance with Section 2.06 hereof, and those described in
        this
        Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof,
        a
        Note shall not cease to be outstanding because the Company or an Affiliate
        of
        the Company holds the Note; provided,
        however,
        that
        Notes held by the Company or a Subsidiary of the Company shall be deemed
        not to
        be outstanding for purposes of Section 3.07(c) hereof.

       

      (b) If
        a Note
        is replaced pursuant to Section 2.07 hereof, it shall cease to be outstanding
        unless the Trustee receives proof satisfactory to it that the replaced note
        is
        held by a bona fide purchaser.

       

      (c) If
        the
        principal amount of any Note is considered paid under Section 4.01 hereof,
        it
        shall cease to be outstanding and interest on it shall cease to
        accrue.

       

      (d) If
        the
        Paying Agent (other than the Company, a Subsidiary or an Affiliate of any
        thereof) holds, on a redemption date, a Purchase Date or a maturity date,
        funds
        sufficient to pay Notes payable on that date, then on and after that date
        such
        Notes shall be deemed to be no longer outstanding and shall cease to accrue
        interest.

       

      Section
        2.09. Treasury
        Notes.

       

      In
        determining whether the Holders of the required principal amount of Notes
        have
        concurred in any direction, waiver or consent, Notes owned by the Company,
        or by
        any Affiliate of the Company, shall be considered as though not outstanding,
        except that for the purposes of determining whether the Trustee shall be
        protected in relying on any such direction, waiver or consent, only Notes
        that a
        Responsible Officer of the Trustee knows are so owned shall be so
        disregarded.

       

      Section
        2.10. Temporary
        Notes.

       

      Until
        certificates representing Notes are ready for delivery, the Company may prepare
        and, upon receipt of an Authentication Order in accordance with Section 2.02
        hereof, the Trustee shall authenticate temporary Notes. Temporary Notes shall
        be
        substantially in the form of Definitive Notes but may have variations that
        the
        Company considers appropriate for temporary Notes and as shall be reasonably
        acceptable to the Trustee. Without unreasonable delay, the Company shall
        prepare
        and the Trustee shall authenticate Global Notes or Definitive Notes in exchange
        for temporary Notes, as applicable. After preparation of Definitive Notes,
        the
        Temporary Note will be exchangeable for Definitive Notes upon surrender of
        the
        Temporary Notes.

       

      Holders
        of temporary Notes shall be entitled to all of the benefits of this Indenture
        equally and proportionately with all other Notes duly issued
        hereunder.

       

      Section
        2.11. Cancellation.

       

      The
        Company at any time may deliver Notes to the Trustee for cancellation. The
        Registrar and Paying Agent shall forward to the Trustee any Notes surrendered
        to
        them for registration of transfer, exchange or payment. Upon sole direction
        of
        the Company, the Trustee and no one else shall cancel all Notes surrendered
        for
        registration of transfer, exchange, payment, replacement or cancellation
        and
        shall dispose of cancelled Notes (subject to the record retention requirements
        of the Exchange Act or other applicable laws) unless by written order, signed
        by
        an Officer of the Company, the Company directs them to be returned to it.
        Certification of the disposal of all cancelled Notes shall be delivered to
        the
        Company from time to time upon request. The Company may not issue new Notes
        to
        replace Notes that it has paid or that have been delivered to the Trustee
        for
        cancellation.

       

      

      
        
          
            
            

          

          
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        Section
          2.12. Payment
          of Interest;
          Defaulted Interest.

      

       

      If
        the
        Company defaults in a payment of interest on the Notes, it shall pay the
        defaulted interest in any lawful manner plus, to the extent lawful, interest
        payable on the defaulted interest, to the Persons who are Holders on a
        subsequent special record date, in each case at the rate provided in the
        Notes
        and in Section 4.01 hereof. The Company shall notify the Trustee in writing
        of
        the amount of defaulted interest proposed to be paid on each Note and the
        date
        of the proposed payment. The Company shall fix or cause to be fixed each
        such
        special record date and payment date; provided
        that no
        such special record date shall be less than 10 days prior to the related
        Interest Payment Date for such defaulted interest. At least 15 days before
        the
        special record date, the Company (or, upon the written request of the Company,
        the Trustee in the name and at the expense of the Company) shall mail or
        cause
        to be mailed to Holders a notice that states the special record date, the
        related Interest Payment Date and the amount of such interest to be
        paid.

       

      Section
        2.13. CUSIP
        or ISIN Numbers.

       

      The
        Company in issuing the Notes may use “CUSIP” and/or “ISIN” numbers (if then
        generally in use), and, if so, the Trustee shall use “CUSIP” and/or “ISIN”
numbers in notices of redemption or Offers to Purchase as a convenience to
        Holders; provided,
        however,
        that any
        such notice may state that no representation is made as to the correctness
        of
        such numbers either as printed on the Notes or as contained in any notice
        of a
        redemption or notice of an Offer to Purchase and that reliance may be placed
        only on the other identification numbers printed on the Notes, and any such
        redemption or Offer to Purchase shall not be affected by any defect in or
        omission of such numbers. The Company shall promptly notify the Trustee of
        any
        change in the “CUSIP” and/or “ISIN” numbers. 

       

      Section
        2.14. Additional
        Interest.

       

      If
        Additional Interest is payable by the Company pursuant to a Registration
        Rights
        Agreement and paragraph 1 of the Notes, the Company shall deliver to the
        Trustee
        a certificate to that effect stating (i) the amount of such Additional Interest
        that is payable and (ii) the date on which such interest is payable pursuant
        to
        Section 4.01 hereof. Unless and until a Responsible Officer of the Trustee
        receives such a certificate or instruction or direction from the Holders
        in
        accordance with the terms of this Indenture, the Trustee may assume without
        inquiry that no Additional Interest is payable. The foregoing shall not
        prejudice the rights of the Holders with respect to their entitlement to
        Additional Interest as otherwise set forth in this Indenture or the Notes
        and
        pursuing any action against the Company directly or otherwise directing the
        Trustee to take any such action in accordance with the terms of this Indenture
        and the Notes. If the Company has paid Additional Interest directly to the
        Persons entitled to it, the Company shall deliver to the Trustee an Officers’
Certificate setting forth the details of such payment.

       

      Section
        2.15. Additional
        Notes.

       

      The
        Company shall be entitled, subject to its compliance with Section 4.09 hereof,
        to issue Additional Notes under this Indenture which shall have identical
        terms
        as the Initial Notes issued on the date hereof, other than with respect to
        the
        date of issuance, issue price and rights under a related Registration Rights
        Agreement, if any. The Initial Notes issued on the date hereof, any Additional
        Notes and all Exchange Notes issued in exchange therefor shall be treated
        as a
        single class for all purposes under this Indenture, including directions,
        waivers, amendments, consents, redemptions and Offers to Purchase.

       

      With
        respect to any Additional Notes, the Company shall set forth in a Board
        Resolution and an Officers’ Certificate, a copy of each of which shall be
        delivered to the Trustee, the following information:

       

      (a) the
        aggregate principal amount of such Additional Notes to be authenticated and
        delivered pursuant to this Indenture;

       

      (b) the
        issue
        price, the Issue Date and the CUSIP and/or ISIN number of such Additional
        Notes;
provided,
        however; that
        no
        Additional Notes may be issued at a price that would cause such Additional
        Notes

       

      

      
        
          
            
            

          

          
            35

            
              

            

          

          
            
            

          

        

      

      

      to
        have
“original issue discount” within the meaning of Section 1273 of the Code, other
        than a de
        minimis
        original
        issue discount within the meaning of Section 1273 of the Code; and

       

      (c) whether
        such Additional Notes shall be subject to the restrictions on transfer set
        forth
        in Section 2.06 hereof relating to Restricted Global Notes and Restricted
        Definitive Notes.

       

      Section
        2.16. Record
        Date.

       

      The
        record date for purposes of determining the identity of Holders of Notes
        entitled to vote or consent to any action by vote or consent or permitted
        under
        this Indenture shall be determined as provided for in TIA Section
        316(c).

       

      ARTICLE
        3.

       

      

       

      REDEMPTION
        AND PREPAYMENT

       

      Section
        3.01. Notices
        to Trustee.

       

      If
        the
        Company elects to redeem Notes pursuant to the optional redemption provisions
        of
        Section 3.07 hereof, it shall furnish to the Trustee, at least 30 days but
        not
        more than 60 days before a redemption date (or such shorter period as
        allowed by the Trustee), an Officers’ Certificate setting forth (a) the
        applicable section of this Indenture pursuant to which the redemption shall
        occur, (b) the redemption date, (c) the principal amount of Notes to be redeemed
        and (d) the redemption price. 

       

      Section
        3.02. Selection
        of Notes to Be Redeemed.

       

      If
        less
        than all of the Notes are to be redeemed at any time, the Trustee shall select
        the Notes to be redeemed among the Holders of the Notes in compliance with
        the
        requirements of the principal national securities exchange, if any, on which
        the
        Notes are listed or, if the Notes are not so listed, on a pro
        rata
        basis,
        by lot or in accordance with any other method the Trustee deems fair and
        appropriate. In the event of partial redemption by lot, the particular Notes
        to
        be redeemed shall be selected, unless otherwise provided herein, not less
        than
        30 nor more than 60 days prior to the redemption date by the Trustee from
        the outstanding Notes not previously called for redemption.

       

      The
        Trustee shall promptly notify the Company in writing of the Notes selected
        for
        redemption and, in the case of any Note selected for partial redemption,
        the
        principal amount thereof to be redeemed. Notes and portions of Notes selected
        shall be in amounts of $1,000 or integral multiples thereof; except that
        if all
        of the Notes of a Holder are to be redeemed, the entire outstanding amount
        of
        Notes held by such Holder, even if not an integral multiple of $1,000, shall
        be
        redeemed. Except as provided in the preceding sentence, provisions of this
        Indenture that apply to Notes called for redemption also apply to portions
        of
        Notes called for redemption.

       

      Section
        3.03. Notice
        of Redemption.

       

      At
        least
        30 days but not more than 60 days prior to a redemption date, the
        Company shall mail or cause to be mailed, by first class mail, a notice of
        redemption to each Holder whose Notes are to be redeemed at such Holder’s
        registered address appearing in the Security Register, except that redemption
        notices may be mailed more than 60 days prior to a redemption date if the
        notice
        is issued in connection with a defeasance pursuant to Article 8 hereof or
        a
        satisfaction and discharge pursuant to Article 10 hereof.

       

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

       

      (a) the
        redemption date;

       

      (b) the
        appropriate
        method for calculation of the redemption price, but need not include the
        redemption price itself; the actual redemption price shall be set forth in
        an
        Officers’ Certificate delivered to the Trustee no later than two (2) Business
        Days prior to the redemption date.

      

      
        
          
            
            

          

          
            36

            
              

            

          

          
            
            

          

        

      

      

       

       

      (c) if
        any
        Note is being redeemed in part, the portion of the principal amount of such
        Note
        to be redeemed and that, after the redemption date upon surrender of such
        Note,
        if applicable, a new Note or Notes in principal amount equal to the unredeemed
        portion shall be issued upon cancellation of the original Note;

       

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

       

      (e) that
        Notes called for redemption must be surrendered to the Paying Agent to collect
        the redemption price;

       

      (f) that,
        unless the Company defaults in making such redemption payment, interest on
        Notes
        called for redemption ceases to accrue on and after the redemption
        date;

       

      (g) the
        applicable section of this Indenture pursuant to which the Notes called for
        redemption are being redeemed; and

       

      (h) that
        no
        representation is made as to the correctness of the CUSIP and/or ISIN numbers,
        if any, listed in such notice or printed on the Notes.

       

      At
        the
        Company’s request, the Trustee shall give the notice of redemption in the
        Company’s name and at its expense; provided,
        however,
        that
        the Company shall have delivered to the Trustee, at least 45 days (or such
        shorter period allowed by the Trustee), prior to the redemption date, an
        Officers’ Certificate requesting that the Trustee give such notice (in the name
        and at the expense of the Company) and setting forth the information to be
        stated in such notice as provided in this Section 3.03.

       

      Section
        3.04. Effect
        of Notice of Redemption.

       

      Once
        notice of redemption is mailed in accordance with Section 3.03 hereof, Notes
        called for redemption shall become irrevocably due and payable on the redemption
        date at the redemption price. A notice of redemption may not be
        conditional.

       

      Section
        3.05. Deposit
        of Redemption Price.

       

      On
        or
        prior to 11:00 a.m. Eastern time on the Business Day prior to any redemption
        date, the Company shall deposit with the Trustee or with the Paying Agent
        money
        sufficient to pay the redemption price of and, if applicable, accrued and
        unpaid
        interest on all Notes to be redeemed on that date. The Trustee or the Paying
        Agent shall promptly, and in any event within two (2) Business Days after
        the
        redemption date, return to the Company any money deposited with the Trustee
        or
        the Paying Agent by the Company in excess of the amounts necessary to pay
        the
        redemption price of, and accrued and unpaid interest, if any, on, all Notes
        to
        be redeemed.

       

      If
        the
        Company complies with the provisions of the preceding paragraph, on and after
        the redemption date, interest shall cease to accrue on the Notes or the portions
        of Notes called for purchase or redemption in accordance with Section 2.08(d)
        hereof, whether or note such Notes are presented for payment. If a Note is
        redeemed on or after a Regular Record Date but on or prior to the related
        Interest Payment Date, then any accrued and unpaid interest, if any, shall
        be
        paid to the Person in whose name such Note was registered at the close of
        business on such Regular Record Date. If any Note called for redemption shall
        not be so paid upon surrender for redemption because of the failure of the
        Company to comply with the preceding paragraph, interest shall be paid on
        the
        unpaid principal from the redemption date until such principal is paid, and
        to
        the extent lawful on any interest not paid on such unpaid principal, in each
        case at the rate provided in the Notes and in Section 4.01 hereof.

       

      

      
        
          
            
            

          

          
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        Section 3.06. Notes
        Redeemed in
        Part.

       

      Upon
        surrender of a Note that is redeemed in part, the Company shall issue and,
        upon
        receipt of an authentication order in accordance with Section 2.02 hereof,
        the
        Trustee shall authenticate for the Holder at the expense of the Company a
        new
        Note equal in principal amount to the unredeemed portion of the Note
        surrendered.

       

      Section
        3.07. Optional
        Redemption.

       

      (a) Except
        as
        set forth in clauses (b) and (c) of this Section 3.07, the Notes shall not
        be
        redeemable at the option of the Company prior to April 1, 2011. Beginning
        on
        April 1, 2011, the Company may redeem all or a portion of the Notes, at once
        or
        over time, after giving the notice required pursuant to Section 3.03 hereof,
        at
        the redemption prices (expressed as percentages of principal amount) set
        forth
        below, plus accrued and unpaid interest and Additional Interest on the Notes
        redeemed, to the applicable redemption date (subject to the right of Holders
        of
        record on the relevant Regular Record Date to receive interest due on the
        relevant Interest Payment Date), if redeemed during the twelve-month period
        commencing on April 1 of the years indicated below:

      
        
          	 Year	 	
                   Percentage

                
	 2011	 	 	103.625	%
	 2012	 	 	101.813	%
	 2013
                  and thereafter	 	 	100.000	%

        

      

       

      
      

      (b) At
        any
        time prior to April 1, 2011, the Company may redeem all or any portion of
        the
        Notes, at once or over time, after giving the notice required pursuant to
        Section 3.03 hereof, at a redemption price equal to the greater of:

       

      (i) 100%
        of
        the principal amount of the Notes to be redeemed; and

       

      (ii) the
        sum
        of the present values of (1) the redemption price of the Notes at April 1,
        2011
        (as set forth above) and (2) the remaining scheduled payments of interest
        from
        the redemption date through April 1, 2011, but excluding accrued and unpaid
        interest to the redemption date, discounted to the redemption date (assuming
        a
        360 day year consisting of twelve 30 day months) at the Treasury Yield
        (determined on the second Business Day immediately preceding the redemption
        date) plus 50 basis points;

       

      plus,
        in
        either case, accrued and unpaid interest, to the redemption date (subject
        to the
        right of Holders of record on the relevant Regular Record Date to receive
        interest due on the relevant Interest Payment Date).

       

      Any
        notice to the Holders of Notes of a redemption pursuant to this Section 3.07(b)
        shall include the appropriate calculation of the redemption price, but need
        not
        include the redemption price itself. The actual redemption price, calculated
        as
        described above, shall be set forth in an Officers’ Certificate delivered to the
        Trustee no later than two Business Days prior to the redemption
        date.

       

      (c) At
        any
        time and from time to time prior to April 1, 2010, the Company may on one or
        more occasions redeem up to 35% of the aggregate principal amount of the
        Notes
        (including Additional Notes) issued under this Indenture at a redemption
        price
        (expressed as a percentage of principal amount) equal to 107.250 % of the
        principal amount thereof, plus accrued and unpaid interest and Additional
        Interest to the redemption date (subject to the right of Holders of record
        on
        the relevant Regular Record Date to receive interest due on the relevant
        Interest Payment Date) with the net cash proceeds of any Equity Offering
        of
        common stock of the Company; provided,
        however,
        that
        (i) at least 65% of the aggregate principal amount of the Notes initially
        issued
        under this Indenture (excluding Notes held by the Company and its Subsidiaries)
        remains outstanding immediately after giving effect to such redemption and
        (ii)
        any such redemption shall be made within 90 days of such Equity
        Offering.

       

      (d) Any
        prepayment pursuant to this Section 3.07 shall be made pursuant to the
        provisions of Sections 3.01 through 3.06 hereof.

       

      Section
        3.08. Mandatory
        Redemption.

       

      

      
        
          
            
            

          

          
            38

            
              

            

          

          
            
            

          

        

      

      

       

       

      Except
        as
        set forth in Sections 4.12 and 4.17 hereof, the Company shall not be required
        to
        make mandatory redemption or sinking fund payments with respect to, or offer
        to
        purchase, the Notes.

       

      Section
        3.09. Offer
        To Purchase.

       

      (a) In
        the
        event that, pursuant to Section 4.12 or 4.17 hereof, the Company shall be
        required to commence an Asset Sale Offer or a Change of Control Offer (each,
        an
“Offer
        to Purchase”),
        it
        shall follow the procedures specified below.

       

      (b) The
        Company shall cause a notice of the Offer to Purchase to be sent at least
        once
        to the Dow
        Jones News Service
        or
        similar business news service in the United States.

       

      (c) The
        Company shall commence the Offer to Purchase by sending, by first-class mail,
        with a copy to the Trustee, to each Holder at such Holder’s address appearing in
        the Security Register, a notice the terms of which shall govern the Offer
        to
        Purchase stating:

       

      (i) that
        the
        Offer to Purchase is being made pursuant to this Section 3.09 and Section
        4.12
        or Section 4.17, as the case may be, and, in the case of a Change of Control
        Offer, that a Change of Control has occurred, the circumstances and relevant
        facts regarding the Change of Control and that a Change of Control Offer
        is
        being made pursuant to Section 4.17;

       

      (ii) the
        principal amount of Notes required to be purchased pursuant to Section 4.12
        or
        Section 4.17, as the case may be (the “Offer
        Amount”),
        the
        purchase price set forth in Section 4.12 or Section 4.17, as applicable (the
        “Purchase
        Price”),
        the
        Offer Period and the Purchase Date (each as defined below);

       

      (iii) except
        as
        provided in clause (ix), that all Notes timely tendered and not withdrawn
        shall
        be accepted for payment;

       

      (iv) that
        any
        Note not tendered or accepted for payment shall continue to accrue
        interest;

       

      (v) that,
        unless the Company defaults in making such payment, any Note accepted for
        payment pursuant to the Offer to Purchase shall cease to accrue interest
        after
        the Purchase Date;

       

      (vi) that
        Holders electing to have a Note purchased pursuant to an Offer to Purchase
        may
        elect to have Notes purchased in integral multiples of $1,000 only;

       

      (vii) that
        Holders electing to have a Note purchased pursuant to any Offer to Purchase
        shall be required to surrender the Note, with the form entitled “Option of
        Holder to Elect Purchase” on the reverse of the Note completed, or transfer by
        book-entry transfer, to the Company, the Depositary, if appointed by the
        Company, or a Paying Agent at the address specified in the notice before
        the
        close of business on the third Business Day before the Purchase
        Date;

       

      (viii) that
        Holders shall be entitled to withdraw their election if the Company, the
        Depositary or the Paying Agent, as the case may be, receives, not later than
        the
        expiration of the Offer Period, a telegram, facsimile transmission or letter
        setting forth the name of the Holder, the principal amount of the Note (or
        portions thereof) the Holder delivered for purchase and a statement that
        such
        Holder is withdrawing his election to have such Note purchased;

       

      (ix) that,
        in
        the case of an Asset Sale Offer, if the aggregate principal amount of Notes
        surrendered by Holders exceeds the Offer Amount, the Company shall select
        the
        Notes to be purchased on a pro
        rata
        basis
        (with such adjustments as may be deemed appropriate by the Company so that
        only
        Notes in denominations of $1,000 or integral multiples thereof shall be
        purchased); 

       

      

      
        
          
            
            

          

          
            39

            
              

            

          

          
            
            

          

        

      

      

       

      (x) that
        Holders whose Notes were purchased in part shall be issued new Notes equal
        in
        principal amount to the unpurchased portion of the Notes surrendered (or
        transferred by book-entry transfer); and

       

      (xi) any
        other
        procedures the Holders must follow in order to tender their Notes (or portions
        thereof) for payment and the procedures that Holders must follow in order
        to
        withdraw an election to tender Notes (or portions thereof) for
        payment.

       

      (d) The
        Offer
        to Purchase shall remain open for a period of at least 30 days but no more
        than
        60 days following its commencement, except to the extent that a longer period
        is
        required by applicable law (the “Offer
        Period”).
        No
        later than five (5) Business Days (and in any event no later than the 60th
        day
        following the Change of Control) after the termination of the Offer Period
        (the
“Purchase
        Date”),
        the
        Company shall purchase the Offer Amount or, if less than the Offer Amount
        has
        been tendered, all Notes tendered in response to the Offer to Purchase. Payment
        for any Notes so purchased shall be made in the same manner as interest payments
        are made. The Company shall publicly announce the results of the Offer to
        Purchase on the Purchase Date.

       

      (e) On
        or
        prior to the Purchase Date, the Company shall, to the extent
        lawful:

       

      (i) accept
        for payment (on a pro
        rata
        basis to
        the extent necessary in connection with an Asset Sale Offer), the Offer Amount
        of Notes or portions of Notes properly tendered and not withdrawn pursuant
        to
        the Offer to Purchase, or if less than the Offer Amount has been tendered,
        all
        Notes tendered;

       

      (ii) deposit
        with the Paying Agent funds in an amount equal to the Purchase Price in respect
        of all Notes or portions of Notes properly tendered; and

       

      (iii) deliver
        or cause to be delivered to the Trustee the Notes properly accepted together
        with an Officers’ Certificate stating the aggregate principal amount of Notes or
        portions of Notes being purchased by the Company and that such Notes or portions
        thereof were accepted for payment by the Company in accordance with the terms
        of
        this Section 3.09. 

       

      (f) The
        Paying Agent (or the Company, if acting as the Paying Agent) shall promptly
        (but
        in the case of a Change of Control, not later than 60 days from the date
        of the
        Change of Control) deliver to each tendering Holder the Purchase Price. In
        the
        event that any portion of the Notes surrendered is not purchased by the Company,
        the Company shall promptly execute and issue a new Note in a principal amount
        equal to such unpurchased portion of the Note surrendered, and, upon receipt
        of
        an Authentication Order in accordance with Section 2.02 hereof, the Trustee
        shall authenticate and deliver (or cause to be transferred by book-entry)
        such
        new Note to such Holder, in a principal amount equal to any unpurchased portion
        of the Note surrendered; provided,
        however,
        that
        each such new Note shall be in a principal amount of $1,000 or an integral
        multiple thereof. Any Note not so accepted shall be promptly mailed or delivered
        by the Company to the Holder thereof.

       

      (g) If
        the
        Purchase Date is on or after a Regular Record Date and on or before the related
        Interest Payment Date, any accrued and unpaid interest shall be paid to the
        Person in whose name a Note is registered at the close of business on such
        Regular Record Date, and no additional interest shall be payable to Holders
        who
        tender Notes pursuant to the Offer to Purchase.

       

      (h) The
        Company shall comply, to the extent applicable, with the requirements of
        Rule
        14e-1 under the Exchange Act and any other securities laws and regulations
        thereunder to the extent those laws and regulations are applicable in connection
        with the Offer to Purchase. To the extent that the provisions of any
securities
        laws or regulations conflict with Sections 4.12 or 4.17, as applicable, this
        Section 3.09 or other provisions of this Indenture, the Company shall comply
        with applicable securities laws and regulations and shall not be deemed to
        have
        breached its obligations under Sections 4.12 or 4.17, as applicable, this
        Section 3.09 or such other provision by virtue of such compliance.

       

      

      
        
          
            
            

          

          
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      Other
        than as specifically provided in this Section 3.09, any purchase pursuant
        to
        this Section 3.09 shall be made in accordance with the provisions of Section
        3.01 through 3.06 hereof.

       

      ARTICLE
        4.

       

      

       

      COVENANTS

       

      Section
        4.01. Payment
        of Notes.

       

      The
        Company shall pay or cause to be paid the principal of, premium, if any,
        and
        interest on, the Notes on the dates and in the manner provided in this Indenture
        and the Notes. Principal, premium, if any, and interest shall be considered
        paid
        on the date due if the Paying Agent, if other than the Company or a Subsidiary
        thereof, holds as of 11:00 a.m. Eastern Time on the due date money deposited
        by
        the Company in immediately available funds and designated for and sufficient
        to
        pay all principal, premium, if any, and interest then due. Such
        Paying Agent shall return to the Company promptly, and in any event, no later
        than five (5) Business Days following the date of payment, any money (including
        accrued interest) that exceeds such amount of principal, premium, if any,
        and
        interest paid on the Notes. The Company shall pay Additional Interest, if
        any,
        in the same manner, on the dates and in the amounts set forth in a Registration
        Rights Agreement, the Notes and this Indenture. 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
        on such
        payment for the intervening period.

       

      The
        Company shall pay interest (including post-petition interest in any proceeding
        under any Bankruptcy Law) on overdue principal and premium, if any, from
        time to
        time on demand at a rate that is 1% per annum in excess of the rate then
        in
        effect; it shall pay interest (including post-petition interest in any
        proceeding under any Bankruptcy Law) on overdue installments of interest
        (without regard to any applicable grace periods), from time to time on demand
        at
        the same rate to the extent lawful. 

       

      Interest
        shall be computed on the basis of a 360-day year of twelve 30-day
        months.

       

      Section
        4.02. Maintenance
        of Office or Agency.

       

      (a) The
        Company shall maintain in the Borough of Manhattan, The City of New York,
        an
        office or agency (which may be an office or drop facility of the Trustee
        or an
        affiliate of the Trustee, Registrar or co-registrar) where Notes may be
        presented or surrendered for registration of transfer or for exchange and
        where
        notices and demands to or upon the Company in respect of the Notes and this
        Indenture may be served. The Company shall give prompt written notice to
        the
        Trustee of the location, and any change in the location, of such office or
        agency.  If at any time the Company shall fail to maintain any such
        required office or agency or shall fail to furnish the Trustee with the address
        thereof, such presentations, surrenders, notices and demands may be made
        or
        served at the Corporate Trust Office of the Trustee, and the Company hereby
        appoints the Trustee as its agent to receive all such presentations, surrenders,
        notices and demands.

       

      (b) The
        Company may also from time to time designate one or more other offices or
        agencies where the Notes may be presented or surrendered for any or all such
        purposes and may from time to time rescind such designations. The Company
        shall
        give prompt written notice to the Trustee of any such designation or rescission
        and of any change in the location of any such other office or
        agency.

       

      (c) The
        Company hereby designates the Corporate Trust Office of the Trustee, as one
        such
        office, drop facility or agency of the Company in accordance with Section
        2.03
        hereof.

       

       

      

      
        
          
            
            

          

          
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      Section
        4.03. Reports.

       

      (a) Whether
        or not required by the Commission, so long as any Notes are outstanding,
        the
        Company will furnish to the Holders within the time periods specified in
        the
        Commission’s rules and regulations:

       

      (1) all
        quarterly and annual financial information that would be required to be
        contained in a filing with the Commission on Forms 10-Q and 10-K if the Company
        were required to file such Forms, including a “Management’s Discussion and
        Analysis of Financial Condition and Results of Operations” and, with respect to
        the annual information only, a report on the annual financial statements
        by the
        Company’s certified independent accountants; and

       

      (2) all
        current reports that would be required to be filed with the Commission on
        Form
        8-K if the Company were required to file such reports.

       

      (b) If
        the
        Company has designated any of its Subsidiaries as Unrestricted Subsidiaries,
        then the quarterly and annual financial information required by the preceding
        paragraph will include a reasonably detailed presentation, either on the
        face of
        the financial statements or in the footnotes thereto and in Management’s
        Discussion and Analysis of Financial Condition and Results of Operations,
        of the
        financial condition and results of operations of the Company and its Restricted
        Subsidiaries separate from the financial condition and results of operations
        of
        the Unrestricted Subsidiaries of the Company.

       

      (c) In
        addition, following the consummation of the Exchange Offer contemplated by
        the
        Registration Rights Agreement, whether or not required by the Commission,
        the
        Company will file a copy of all of the information and reports referred to
        in
        clauses (1) and (2) above with the Commission for public availability within
        the
        time periods specified in the Commission’s rules and regulations (unless the
        Commission will not accept such a filing) and make such information available
        to
        securities analysts and prospective investors upon request. In addition,
        the
        Company has agreed that, for so long as any notes remain outstanding, they
        will
        furnish to the Holders and to securities analysts and prospective investors,
        upon their request, the information required to be delivered pursuant to
        Rule
        144A(d)(4) under the Securities Act.

       

      (d) Each
        report required to be delivered pursuant to this Indenture shall be deemed
        to
        have been delivered on the date on which the Company posts such document
        on its
        website at www.centene.com, or when such document is posted on the Commission’s
        website at www.sec.gov; provided
        that the
        Company shall deliver paper copies of all such documents to the Trustee or
        any
        Holder that requests the Company to deliver such paper copies until a request
        to
        cease delivering paper copies is given by the Trustee or such
        Holder.

       

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

       

      Section
        4.04. Compliance
        Certificate.

       

      (a) The
        Company shall deliver to the Trustee, within 90 days after the end of each
        fiscal year, commencing with the fiscal year ended December 31, 2007, an
        Officers’ Certificate stating that a review of the activities of the Company and
        its Subsidiaries during the preceding fiscal year, has been made under the
        supervision of the signing Officers with a view to determining whether the
        Company and its Subsidiaries have kept, observed, performed and fulfilled
        their
        obligations under this Indenture, and further stating, as to each such Officer
        signing such certificate, that to the best of his or her knowledge the Company
        and its Subsidiaries have kept, observed, performed and fulfilled each and
        every
        covenant contained in this Indenture and is not in default in the performance
        or
        observance of any of the terms, provisions and conditions of this Indenture
        (or,
        if a Default or Event of Default shall have occurred, describing all such
        Defaults or Events of Default of which he or she may have knowledge and what
        action the Company is taking or proposes to take with respect thereto) and
        that
        to the best of his or her knowledge no event has occurred and remains in
        existence by reason of which payments on account of the principal of,
        premium, if any, or interest on the Notes is prohibited or if such event
        has
        occurred, a description of the event and what action the Company is taking
        or
        proposes to take with respect thereto.

       

      

      
        
          
            
            

          

          
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      (b) The
        Company shall otherwise comply with TIA §314(a)(2).

       

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

       

      Section
        4.05. Taxes.

       

      The
        Company shall pay, and shall cause each of its Subsidiaries to pay, prior
        to
        delinquency, all material taxes, assessments and governmental levies, except
        such as are being contested in good faith and by appropriate proceedings
        or
        where the failure to effect such payment is not adverse in any material respect
        to the Holders.

       

      Section
        4.06. Stay,
        Extension and Usury Laws.

       

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

       

      Section
        4.07. Corporate
        Existence.

       

      Subject
        to Article 5 hereof, the Company shall do or cause to be done all things
        necessary to preserve and keep in full force and effect (i) its corporate
        existence, and the corporate, partnership or other existence of each Restricted
        Subsidiary, in accordance with the respective organizational documents (as
        the
        same may be amended from time to time) of the Company or any such Restricted
        Subsidiary and (ii) the rights (charter and statutory), licenses and franchises
        of the Company and its Restricted Subsidiaries; provided,
        however,
        that
        the Company shall not be required to preserve any such right, license or
        franchise, or the corporate, partnership or other existence of any Restricted
        Subsidiary, if the Board of Directors shall determine that the preservation
        thereof is no longer desirable in the conduct of the business of the Company
        and
        its Restricted Subsidiaries, taken as a whole, and that the loss thereof
        is not
        adverse in any material respect to the Holders of the Notes, or that such
        preservation is not necessary in connection with any transaction not prohibited
        by this Indenture.

       

      Section
        4.08. Payments
        for Consent.

       

      The
        Company shall not, and shall not permit any Restricted Subsidiary to, directly
        or indirectly, pay or cause to be paid any consideration, whether by way
        of
        interest, fee or otherwise, to or for the benefit of any Holder for or as
        an
        inducement to any consent, waiver or amendment of any of the terms or provisions
        of this Indenture or the Notes unless such consideration is offered to be
        paid
        and is paid to all Holders that consent, waive or agree to amend in the time
        frame set forth in the solicitation documents relating to such consent, waiver
        or agreement.

       

      Section
        4.09. Incurrence
        of Additional Debt and Issuance of Preferred Stock. 

       

      (a) The
        Company will not, and will not permit any of its Restricted Subsidiaries
        to,
        directly or indirectly, create, incur, issue, assume, Guarantee or otherwise
        become directly or indirectly liable, contingently or otherwise, with respect
        to
        (collectively, “incur”) any Indebtedness (including Acquired Debt), and the
        Company will not issue any Disqualified Stock and will not permit any of
        its
        Restricted Subsidiaries to issue any shares of preferred
        stock (including Disqualified Stock) other than to the Company; provided,
        however,
        that
        the Company may incur Indebtedness (including Acquired Debt) or issue
        Disqualified Stock and any Guarantor may incur Indebtedness (including Acquired
        Debt), if the Fixed Charge Coverage Ratio for the Company’s most recently ended
        four full fiscal quarters for which internal financial statements are available
        immediately preceding the date on which such additional Indebtedness is incurred
        or such Disqualified Stock is issued would have been at least 2.0 to 1.0,
        determined on a pro forma basis (including a pro forma application of the
        net
        proceeds therefrom), as if the additional Indebtedness had been incurred
        or the
        preferred stock or Disqualified Stock had been issued, as the case may be,
        at
        the beginning of such four-quarter period.

       

       

      

      
        
          
            
            

          

          
            43

            
              

            

          

          
            
            

          

        

      

      

       

      (b) So
        long
        as no Default shall have occurred or be continuing or would be caused thereby,
        the first paragraph of this covenant will not prohibit the incurrence of
        any of
        the following items of Indebtedness (collectively, “Permitted
        Debt”):

       

      (1) the
        incurrence by the Company of additional Indebtedness and letters of credit
        under
        one or more Credit Facilities; provided
        that the
        aggregate principal amount of all Indebtedness and letters of credit of the
        Company and the Restricted Subsidiaries incurred pursuant to this clause
        (1)
        (with letters of credit being deemed to have a principal amount equal to
        the
        maximum potential liability of the Company and its Restricted Subsidiaries
        thereunder) does not exceed the greater of (x) $300.0 million and (y) 15%
        of
        Consolidated Total Assets;

       

      (2) the
        incurrence by the Company and any of the Restricted Subsidiaries of the Existing
        Indebtedness after giving effect to the use of proceeds of the
        Notes;

       

      (3) the
        incurrence by the Company and any of its Restricted Subsidiaries of Indebtedness
        represented by the Initial Notes (and the related Exchange Notes to be issued
        pursuant to the Registration Rights Agreement and in exchange for any Additional
        Notes);

       

      (4) the
        incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness
        represented by Capital Lease Obligations, mortgage financings or purchase
        money
        obligations, in each case incurred for the purpose of financing all or any
        part
        of the purchase price or cost of construction or improvement of property,
        plant
        or equipment used in the business of the Company or such Restricted Subsidiary,
        in an aggregate principal amount, including all Permitted Refinancing
        Indebtedness incurred to refund, refinance or replace any Indebtedness incurred
        pursuant to this clause (4), not to exceed $30.0 million at any time
        outstanding;

       

      (5) the
        incurrence by the Company or any of its Restricted Subsidiaries of Permitted
        Refinancing Indebtedness in exchange for, or the net proceeds of which are
        used
        to extend, defease, renew, refund, refinance or replace Indebtedness (other
        than
        intercompany Indebtedness) that was incurred under Section 4.09(a) or clauses
        (2), (3), (4), or this clause (5) of this Section 4.09(b);

       

      (6) the
        incurrence by the Company or any of its Restricted Subsidiaries of intercompany
        Indebtedness between or among the Company and any of its Restricted
        Subsidiaries; provided,
        however,
        that
        (i) any subsequent issuance or transfer of Equity Interests that results
        in any
        such Indebtedness being held by a Person other than the Company or a Restricted
        Subsidiary and (ii) any subsequent sale or other transfer of any such
        Indebtedness to a Person that is not either the Company or a Restricted
        Subsidiary shall be deemed, in each case, to constitute an incurrence of
        such
        Indebtedness by the Company or such Restricted Subsidiary, as the case may
        be,
        that was not permitted by this clause (6);

       

      (7) the
        incurrence of Indebtedness of the Company or any of its Restricted Subsidiaries
        consisting of guarantees, indemnities, holdbacks or obligations in respect
        of
        purchase price adjustments in connection with the acquisition or disposition
        of
        assets, including without limitation, shares of Capital Stock of Restricted
        Subsidiaries or contingent payment obligations incurred in connection with
        the
        acquisition of assets which are contingent on the performance of the assets
        acquired, other than guarantees of Indebtedness incurred by any Person acquiring
        all or any portion of such assets or shares of Capital Stock of such Restricted
        Subsidiary for the purpose of financing such acquisition; 

       

      

      
        
          
            
            

          

          
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      (8) the
        incurrence of Indebtedness of the Company or any of its Restricted Subsidiaries
        represented by (a) letters of credit for the account of the Company or any
        of
        its Restricted Subsidiaries or (b) other obligations to reimburse third parties
        pursuant to any surety bond, performance bond or other similar arrangements,
        which letters of credit or other obligations, as the case may be, are intended
        to provide security for provider claims, workers’ compensation claims, payment
        obligations in connection with sales tax and insurance or other similar
        requirements in the ordinary course of business; 

       

      (9) the
        incurrence by the Company or any of its Restricted Subsidiaries of Hedging
        Obligations; provided
        that
        such
        Hedging Obligations are related to business transactions of the Company or
        its
        Restricted Subsidiaries entered into in the ordinary course of business and
        are
        entered into for bona fide hedging purposes (and not financing or speculative
        purposes) of the Company or its Restricted Subsidiaries (as determined in
        good
        faith by the Board of Directors or senior management of the
        Company);

       

      (10) the
        Guarantee by the Company or any of the Restricted Subsidiaries of Indebtedness
        of the Company or a Restricted Subsidiary that was permitted to be incurred
        by
        another provision of this covenant; provided
        that
        if
        the Indebtedness being guaranteed is incurred by the Company and is subordinated
        to the Notes, then the Guarantee of such Indebtedness by any of its Restricted
        Subsidiaries shall be subordinated to the same extent as the Indebtedness
        guaranteed;

       

      (11) Indebtedness
        incurred by a Foreign Restricted Subsidiary which, when aggregated with the
        principal amount of all other Indebtedness incurred pursuant to this clause
        (11)
        and then outstanding, does not exceed the greater of (x) $25.0 million or
        (y)
        15% of the Company’s Consolidated Total Foreign Assets; provided
        that at
        the time of the incurrence of any such Indebtedness, the Company’s Fixed Charge
        Coverage Ratio for the most recent four full fiscal quarters for which financial
        statements are available immediately preceding the incurrence of such
        Indebtedness taken as one period is at least equal to or greater than 2.0
        to
        1.0; and

       

      (12) the
        incurrence by the Company or any of its Restricted Subsidiaries of additional
        Indebtedness in an aggregate principal amount (or accreted value, as applicable)
        at any time outstanding, including all Permitted Refinancing Indebtedness
        incurred to refund, refinance or replace any Indebtedness incurred pursuant
        to
        this clause (12), not to exceed $30.0 million.

       

      (c) For
        purposes of determining compliance with this Section 4.09, in the event that
        an
        item of Indebtedness meets the criteria of more than one of the categories
        of
        Permitted Debt described in clauses (1) through (12) of Section 4.09(b) or
        is
        entitled to be incurred pursuant to Section 4.09(a), in each case, as of
        the
        date of incurrence thereof, the Company shall, in its sole discretion, classify
        (or later reclassify in whole or in part, in its sole discretion) such item
        of
        Indebtedness in any manner that complies with this Section 4.09 and
        such
        Indebtedness will be treated as having been incurred pursuant to such clauses
        or
        Section 4.09 (a) hereof, as the case may be, designated by the
        Company.
        Indebtedness under Credit Facilities outstanding on the date on which the
        Notes
        are first issued and authenticated under this Indenture will at all times
        be
        deemed to have been incurred on such date in reliance of the exception provided
        by clause (1) of the definition of Permitted Debt. Accrual of interest or
        dividends, the accretion of accreted value or liquidation preference and
        the
        payment of interest or dividends in the form of additional Indebtedness or
        Disqualified Stock will not be deemed to be an incurrence of Indebtedness
        or an
        issuance of Disqualified Stock for purposes of this Section 4.09.

       

      (d) The
        Company will not, and will not permit any of its Restricted Subsidiaries
        to,
        directly or indirectly, incur any Indebtedness which by its terms (or by
        the
        terms of any agreement governing such Indebtedness) is subordinated to any
        other
        Indebtedness of the Company or such Restricted Subsidiary, as the case may
        be,
        unless made expressly subordinate to the Notes to the same extent and in
        the
        same manner as such Indebtedness is subordinated pursuant to subordination
        provisions that are most favorable to the Holders of any other Indebtedness
        of
        the Company or such Restricted Subsidiary, as the case may be.

       

      Section
        4.10. Restricted
        Payments.

       

      (a) The
        Company will not, and will not permit any of its Restricted Subsidiaries
        to,
        directly or indirectly:

      
 

      
        
          
            
            

          

          
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      (1) declare
        or pay any dividend or make any other payment or distribution (A) on account
        of
        the Company’s or any of its Restricted Subsidiaries’ Equity Interests
        (including, without limitation, any payment in connection with any merger
        or
        consolidation involving the Company or any of its Restricted Subsidiaries)
        or
        (B) to the direct or indirect holders of the Company’s or any Restricted
        Subsidiaries’ Equity Interests in their capacity as such (other than dividends,
        payments or distributions (i) payable in Equity Interests (other than
        Disqualified Stock) of the Company or (ii) to the Company or a wholly owned
        Restricted Subsidiary or to all holders of Capital Stock of such Restricted
        Subsidiary on a pro rata basis);

       

      (2) purchase,
        redeem or otherwise acquire or retire for value (including, without limitation,
        in connection with any merger or consolidation involving the Company) any
        Equity
        Interests of the Company or any of its Restricted Subsidiaries (other than
        from
        such Equity Interests owned by the Company or any of its Restricted
        Subsidiaries);

       

      (3) make
        any
        payment on or with respect to, or purchase, redeem, defease or otherwise
        acquire
        or retire for value any Subordinated Obligations, except a payment of interest
        or principal at the Stated Maturity thereof; or

       

      (4) make
        any
        Restricted Investment (all such payments and other actions set forth in these
        clauses (1) through (4) above being collectively referred to as “Restricted
        Payments”),

       

      unless,
        at the time of and after giving effect to such Restricted Payment:

       

      (a) no
        Default or Event of Default has occurred and is continuing or would occur
        as a
        consequence thereof; and

       

      (b) the
        Company would, at the time of such Restricted Payment and after giving pro
        forma
        effect thereto as if such Restricted Payment had been made at the beginning
        of
        the most recently ended four-quarter period, have been permitted to incur
        at
        least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage
        Ratio test set forth in Section 4.09(a); and

       

      (c) such
        Restricted Payment, together with the aggregate amount of all other Restricted
        Payments made by the Company and the Restricted Subsidiaries after the Issue
        Date (excluding Restricted Payments permitted by clauses (b)(2), (3), (5)
        and
        (6)), is less than the sum, without duplication, of:

       

      (I) 50%
        of
        the Consolidated Net Income of the Company for the period (taken as one
        accounting period) from the beginning of the first full fiscal quarter during
        which the Issue Date falls to the end of the Company’s most recently ended
        fiscal quarter for which internal financial statements are available at the
        time
        of such Restricted Payment (or, if such Consolidated Net Income for such
        period
        is a deficit, less 100% of such deficit), plus

       

      (II) 100%
        of
        the aggregate net cash proceeds (or the Fair Market Value of property other
        than
        cash) received by the Company since the Issue Date as a contribution to its
        common equity capital or from the issue or sale of Equity Interests of the
        Company (other than Disqualified Stock) or from the issue or sale of convertible
        or exchangeable Disqualified Stock or convertible or exchangeable debt
        securities of the Company, in either case, that have been converted into
        or
        exchanged for such Equity Interests of the Company (other than Equity Interests
        or Disqualified Stock or debt securities sold to a Subsidiary of the Company),
        plus

       

      (III) to
        the
        extent that any Restricted Investment that was made after the Issue Date
        is sold
        for cash or otherwise liquidated or repaid for cash, the lesser of (i) the
        cash
        proceeds with respect to such Restricted Investment (less the cost of
        disposition, if any) and (ii) the initial amount of such Restricted Investment,
        plus

       

      (IV) in
        case,
        after the date hereof, any Unrestricted Subsidiary has been redesignated
        as a
        Restricted Subsidiary under the terms of this Indenture or has been merged,
        consolidated or

       

      

      
        
          
            
            

          

          
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        amalgamated
          with or into, or transfers or conveys assets to, or is liquidated into
          the
          Company
          or a
          Restricted Subsidiary, an amount equal to the lesser of (1) the net book
          value
          at the date of
          the
          redesignation, combination or transfer of the aggregate Investments made
          by
the
          Company
          and the
          Restricted Subsidiaries in the Unrestricted Subsidiary (or of the assets
          transferred or conveyed, as applicable), and (2) the Fair Market Value
          of the
          Investments owned by the
          Company
          and the
          Restricted Subsidiaries in such Unrestricted Subsidiary at the time of
          the
          redesignation, combination or transfer (or of the assets transferred or
          conveyed, as applicable).

      

       

      (b) So
        long
        as no Default or Event of Default has occurred and is continuing or would
        be
        caused thereby, the preceding provisions will not prohibit:

       

      (1) the
        payment of any dividend within 60 days after the date of declaration of the
        dividend, if at the date of declaration the dividend payment would have complied
        with the provisions of this Indenture;

       

      (2) the
        redemption, repurchase, retirement, repayment, defeasance or other acquisition
        of any Subordinated Obligations of the Company or of any Equity Interests
        of the
        Company in
        exchange for, or out of the net cash proceeds of the substantially concurrent
        sale (other than to a Restricted Subsidiary of the Company) of, Equity Interests
        of the Company (other than Disqualified Stock); provided,
        however,
        that the
        amount of any such net cash proceeds that are utilized for any such redemption,
        repurchase, retirement, repayment, defeasance or other acquisition will be
        excluded from clause (c)(II) of the preceding paragraph;

       

      (3) the
        redemption, repurchase, repayment, retirement, defeasance or other acquisition
        of any Subordinated Obligations of the Company with the net cash proceeds
        from
        an incurrence of Permitted Refinancing Indebtedness; provided,
        however,
        that
        the amount of any such net cash proceeds that are utilized for any such
        redemption, repurchase, repayment, retirement, defeasance or other acquisition
        will be excluded from clause (c)(II) of the preceding paragraph;

       

      (4) the
        redemption, repurchase or other acquisition or retirement for value of any
        Equity Interests of the Company or any Restricted Subsidiary of the Company
        (a)
        held by any member of the Company’s (or any of its Restricted Subsidiaries’)
        management pursuant to any management equity subscription plan or agreement,
        stock option or stock purchase plan or agreement or employee benefit plan
        as may
        be adopted by the Company from time to time or pursuant to any agreement
        with
        any director or officer in existence on the Issue Date or (b) from an employee
        of the Company upon the termination of such employee’s employment with the
        Company; provided,
        however,
        that the
        aggregate price paid for all such repurchased, redeemed, acquired or retired
        Equity Interests in reliance on this clause (4) may not exceed $3.0 million
        in
        any twelve-month period;

       

      (5) repurchases,
        acquisitions or retirements of Capital Stock of the Company deemed to occur
        upon
        the exercise or vesting of stock options or restricted stock or similar rights
        under employee benefit plans of the Company or its Subsidiaries if such Capital
        Stock represents all or a portion of the exercise price or withholding tax
        thereof;

       

      (6) redemptions
        of Capital Stock consisting of common stock of the Company so long as (1)
        the
        aggregate purchase price for such Capital Stock redeemed after the issue
        date
        shall not exceed $65,000,000, (2) all such redemptions are consummated on
        or
        before April 1, 2011, and (3) in the case of any such redemption which would
        cause the aggregate purchase price of all redemptions during such calendar
        quarter to exceed $25,000,000, on the date of such redemption, the Company
        delivers to the trustee a notice of such redemption which states that the
        aggregate amount of all redemptions during such calendar quarter will exceed
        $25,000,000, along with a calculation demonstrating that the Total Debt to
        Consolidated Cash Flow Ratio is no more than 2.0 to 1.0 both as of the date
        thereof (based on a computation period of the twelve calendar month period
        most
        recently ended) and on a pro forma basis after giving effect to such redemption;
        and

       

      (7) other
        Restricted Payments in an aggregate amount since the issue date not to exceed
        $25.0 million.

       

      

      
        
          
            
            

          

          
            47

            
              

            

          

          
            
            

          

        

      

      

      (c)
        The
        amount of all Restricted Payments (other than cash) will be the Fair Market
        Value on the date of the Restricted Payment of the assets, property or
        securities proposed to be transferred or issued by the Company or such
        Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment.
        Not later than the date of making any Restricted Payment (other than those
        set
        forth in clauses (1) through (7) of Section 4.10(c)), the Company will deliver
        to the trustee an officers’ certificate stating that such Restricted Payment is
        permitted and setting forth the basis upon which the calculations required
        by
        this Section 4.10 were computed, together with a copy of any fairness opinion
        or
        appraisal required by this Indenture. If the Company or a Restricted Subsidiary
        makes a Restricted Payment which at the time of the making of such Restricted
        Payment would in the good faith determination of the Company be permitted
        under
        the provisions of this Indenture, such Restricted Payment shall be deemed
        to
        have been made in compliance with this Indenture notwithstanding any subsequent
        adjustments made in good faith to the Company’s financial statements affecting
        Consolidated Net Income of the Company for any period.

       

      Section
        4.11. Liens.

       

      The
        Company will not, and will not permit any of its Restricted Subsidiaries
        to,
        directly or indirectly, create, incur or assume any consensual Liens of any
        kind
        against or upon any of their respective properties or assets, or any proceeds,
        income or profit therefrom or assign or convey any right to receive income
        therefrom, except Permitted Liens, to secure any Indebtedness of the Company
        unless prior to, or contemporaneously therewith, the Notes are equally and
        ratably secured by a Lien on such property, assets, proceeds, income or profit;
        provided,
        however, that
        if
        such Indebtedness is expressly subordinated to the Notes, the Lien securing
        such
        Indebtedness will be subordinated and junior to the Lien securing the Notes
        with
        the same relative priority as such Indebtedness has with respect to the
        Notes.

       

      Section
        4.12. Asset
        Sales.

       

      The
        Company will not, and will not permit any of its Restricted Subsidiaries
        to,
        consummate an Asset Sale unless:

       

      (1) the
        Company (or
        the
        Restricted Subsidiary, as the case may be) receives consideration at the
        time of
        the Asset Sale at least equal to the Fair Market Value of the assets sold,
        leased, transferred, conveyed or otherwise disposed of or Equity Interests
        of
        any Restricted Subsidiary of the Company issued, sold, transferred, conveyed
        or
        otherwise disposed of;

       

      (2) at
        least
        75% of the consideration received in the Asset Sale by the Company or such
        Restricted Subsidiary is in the form of cash or Cash Equivalents. For purposes
        of this clause (2), each of the following will be deemed to be
        cash:

       

      (a) any
        liabilities, as shown on the Company’s or such Restricted Subsidiary’s most
        recent balance sheet, of the Company or any of its Restricted Subsidiaries
        (other than contingent liabilities and liabilities that are by their terms
        subordinated to the Notes) that are assumed by the transferee of any such
        assets
        pursuant to a customary novation agreement that releases the Company or such
        Restricted Subsidiary from further liability; and

       

      (b) any
        securities, notes or other obligations received by the Company or any such
        Restricted Subsidiary from such transferee that are converted by the Company
        or
        such Restricted Subsidiary into cash within 90 days, to the extent of the
        cash
        received in that conversion; and

       

      (3) the
        Company delivers an officers' certificate to the trustee certifying that
        such
        Asset Sale complies with the foregoing clauses (1) and (2).

       

      Within
        365 days after the receipt of any Net Proceeds from an Asset Sale, the Company
        or such Restricted Subsidiary may apply those Net Proceeds (or any portion
        thereof) at its option:

       

      

      
        
          
            
            

          

          
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      (1) to
        permanently repay Senior Debt of the Company (other than Indebtedness owed
        to
        the Company or any Affiliate of the Company) and, if the Senior Debt repaid
        is
        revolving credit Indebtedness, to correspondingly reduce commitments with
        respect thereto;

       

      (2) to
        acquire all or substantially all of the assets of, or all of the Voting Stock
        of, another Person engaged in a Permitted Business; or

       

      (3) to
        acquire other long-term assets or property that are used in a Permitted
        Business; 

       

      provided
        that a
        binding commitment to apply Net Proceeds as set forth in clauses (1), (2)
        and
        (3) above shall be treated as a permitted application of the Net Proceeds
        from
        the date of such commitment so long as the Company or such Restricted Subsidiary
        enters into such commitment with the good faith expectation that such Net
        Proceeds will be applied to satisfy such commitment within 180 days of such
        commitment (an “Acceptable Commitment”) and, in the event any Acceptable
        Commitment is later cancelled or terminated for any reason before the Net
        Proceeds are applied in connection therewith, then the Company or such
        Restricted Subsidiary shall be permitted to apply the Net Proceeds in any
        manner
        set forth in clauses (1), (2) and (3) above before the expiration of such
        180-day period, and, in the event the Company or such Restricted Subsidiary
        fails to do so, such Net Proceeds shall constitute Excess Proceeds (as defined
        below). Pending the final application of any Net Proceeds, the Company may
        temporarily reduce revolving credit borrowings or otherwise invest the Net
        Proceeds in any manner that is not prohibited by this Indenture.

       

      Any
        Net
        Proceeds from Asset Sales that are not applied or invested as provided in
        the
        preceding paragraph will constitute “Excess Proceeds.” When
        the
        aggregate amount of Excess Proceeds exceeds $10.0 million, the Company will
        make an offer (the “Asset
        Sale Offer”)
        to all
        Holders of notes to purchase the maximum principal amount of notes and, if
        the
        Company is required to do so under the terms of any other Indebtedness that
        is
pari
        passu
        with the
        Notes, such other Indebtedness on a pro rata basis with the Notes, that may
        be
        purchased out of the Excess Proceeds. The offer price in any Asset Sale Offer
        will be equal to 100% of principal amount plus accrued and unpaid interest
        and
        Additional Interest, if any, to the date of purchase, and will be payable
        in
        cash. If any Excess Proceeds remain after consummation of the purchase of
        all
        properly tendered and not withdrawn notes pursuant to an Asset Sale Offer,
        the
        Company may use such remaining Excess Proceeds for any purpose not otherwise
        prohibited by this Indenture. If
        the
        aggregate principal amount of notes and other pari
        passu
        Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess
        Proceeds, the trustee will select the Notes and such other pari
        passu
        Indebtedness to be purchased on a pro rata basis. Upon completion of each
        Asset
        Sale Offer, the amount of Excess Proceeds will be reset at zero.

       

      The
        Company will comply with the requirements of Rule 14e-1 under the Exchange
        Act
        and any other securities laws and regulations thereunder to the extent those
        laws and regulations are applicable in connection with each repurchase of
        notes
        pursuant to an Asset Sale Offer. To the extent that the provisions of any
        securities laws or regulations conflict with the Asset Sale provisions of
        this
        Indenture, the Company will comply with the applicable securities laws and
        regulations and will not be deemed to have breached its obligations under
        this
        Section 4.12 or Section 3.09 by virtue of such compliance.

       

      Section
        4.13. Restrictions
        on Distributions from Restricted Subsidiaries.

       

      The
        Company will not, and will not permit any of its Restricted Subsidiaries
        to,
        directly or indirectly, create or permit to exist or become effective any
        consensual encumbrance or restriction on the ability of any of its Restricted
        Subsidiaries to:

       

      (a) pay
        dividends or make any other distributions on its Capital Stock to the Company
        or
        any of its Restricted Subsidiaries, or with respect to any other interest
        or
        participation in, or measured by, its profits, or pay any indebtedness owed
        to
        the Company or any of its Restricted Subsidiaries;

       

      (b) make
        loans or advances to the Company or any of its Restricted Subsidiaries;
        or

       

      

      
        
          
            
            

          

          
            49

            
              

            

          

          
            
            

          

        

      

      

      (c) transfer
        any of its properties or assets to the Company or any of its Restricted
        Subsidiaries.

       

      However,
        the preceding restrictions will not apply to encumbrances or restrictions
        existing under or by reason of:

       

      (1) agreements
        governing Existing Indebtedness and Credit Facilities (including the Credit
        Agreement) as in effect on the Issue Date and any amendments, modifications,
        restatements, renewals, increases, supplements, refundings, replacements
        or
        refinancings of those agreements; provided
        that
        the
        amendments, modifications, restatements, renewals, increases, supplements,
        refundings, replacement or refinancings are no more restrictive, taken as
        a
        whole, with respect to such dividend and other payment restrictions than
        those
        contained in those agreements on the Issue Date;

       

      (2) this
        Indenture and the Notes;

       

      (3) applicable
        law or any applicable rule, regulation or order of, or arrangement with,
        any
        regulatory body or agency;

       

      (4) any
        instrument governing Indebtedness or Capital Stock of a Person acquired by
        the
        Company or any of its Restricted Subsidiaries as in effect at the time of
        such
        acquisition (except to the extent such Indebtedness or Capital Stock was
        incurred in connection with or in contemplation of such acquisition), which
        encumbrance or restriction is not applicable to any Person, or the properties
        or
        assets of any Person, other than the Person, or the property or assets of
        the
        Person, so acquired; provided
        that,
        in
        the case of Indebtedness, such Indebtedness was permitted by the terms of
        this
        Indenture to be incurred;

       

      (5) restrictions
        on cash or other deposits or net worth imposed by customers or governmental
        regulatory bodies or required by insurance, surety or bonding companies,
        in each
        case pursuant to contracts entered into in the ordinary course of business
        of
        the Company and its Restricted Subsidiaries;

       

      (6) customary
        non-assignment provisions in leases and other contracts entered into in the
        ordinary course of business and consistent with industry practices;

       

      (7) purchase
        money obligations for property acquired in the ordinary course of business
        that
        impose restrictions on that property of the nature described in clause (c)
        of
        the first paragraph of this Section 4.13;

       

      (8) any
        agreement for the sale or other disposition of a Restricted Subsidiary or
        the
        assets of a Restricted Subsidiary that restricts distributions by that
        Restricted Subsidiary pending its sale or other disposition or the sale or
        other
        disposition of its assets;

       

      (9) Permitted
        Refinancing Indebtedness; provided,
        however, that
        the
        restrictions contained in the agreements governing such Permitted Refinancing
        Indebtedness are not materially more restrictive, taken as a whole, than
        those
        contained in the agreements governing the Indebtedness being
        refinanced;

       

      (10) Liens
        securing Indebtedness otherwise permitted to be incurred under the provisions
        of
        Section 4.11 that limit the right of the debtor to dispose of the assets
        subject
        to such Liens; and

       

      (11) provisions
        with respect to the disposition or distribution of assets or property in
        joint
        venture agreements, asset sale agreements, stock sale agreements and other
        similar agreements entered into in the ordinary course of business.

       

      Section
        4.14. Affiliate
        Transactions.

       

      The
        Company will not, and will not permit any of its Restricted Subsidiaries
        to,
        make any payment to, or sell, lease, transfer or otherwise dispose of any
        of its
        properties or assets to, or purchase any property

       

      

      
        
          
            
            

          

          
            50

            
              

            

          

          
            
            

          

        

      

      

      or
        assets
        from, or enter into or make or amend any transaction, contract, agreement,
        understanding, loan, advance or Guarantee with, or for the benefit of, any
        Affiliate (each, an “Affiliate Transaction”), unless:

       

      (1) the
        Affiliate Transaction is on terms that are no less favorable to the Company
        or
        the relevant Restricted Subsidiary than those that would have been obtained
        in a
        comparable transaction by the Company or such Restricted Subsidiary with
        an
        unrelated Person; and

       

      (2) the
        Company delivers to the Trustee:

       

      (a) with
        respect to any Affiliate Transaction or series of related Affiliate Transactions
        involving aggregate consideration in excess of $5.0 million, a resolution
        of the
        Board of Directors set forth in an Officers’ Certificate certifying that such
        Affiliate Transaction complies with this covenant and that such Affiliate
        Transaction has been approved by a majority of the disinterested members
        of the
        Board of Directors; and

       

      (b) with
        respect to any Affiliate Transaction or series of related Affiliate Transactions
        involving aggregate consideration in excess of $10.0 million, an opinion
        as to
        the fairness to the Company or such Restricted Subsidiary from a financial
        point
        of view issued by an accounting, appraisal or investment banking firm of
        national standing not affiliated with the Company.

       

      The
        following items will not be deemed to be Affiliate Transactions and, therefore,
        will not be subject to the provisions of the prior paragraph:

       

      (1) transactions
        solely between or among the Company and/or any of its Restricted Subsidiaries
        or
        solely among its Restricted Subsidiaries;

       

      (2) sales
        of
        Equity Interests (other than Disqualified Stock) to Affiliates of the Company;
        and 

       

      (3) reasonable
        and customary directors' fees, indemnification and similar arrangements,
        consulting fees, employee salaries, bonuses or employment agreements,
        compensation or employee benefit arrangements and incentive arrangements
        with
        any officer, director or employee of the Company or a Restricted Subsidiary
        entered into in the ordinary course of business;

       

      (4) any
        payments or other transactions pursuant to the Tax Sharing
        Agreement;

       

      (5) any
        transactions (other than any Permitted Investment) made in compliance with
        the
        Section 4.10;

       

      (6) loans
        and
        advances to non-executive officers and employees of the Company or any of
        its
        Restricted Subsidiaries in the ordinary course of business in accordance
        with
        the past practices of the Company or any of its Restricted Subsidiaries;
        and

       

      (7) any
        agreement as in effect as of the Issue Date or any amendment thereto so long
        as
        any such amendment is not more disadvantageous to the Holders in any material
        respect than the original agreement as in effect on the Issue Date.

       

      Section
        4.15. Sale
        and Leaseback Transactions.

       

      The
        Company will not, and will not permit any of its Restricted Subsidiaries
        to
        enter into any Sale/Leaseback Transaction (other than any such transaction
        entered into in connection with the Centene Plaza Divestiture),
        unless:

       

      

      
        
          
            
            

          

          
            51

            
              

            

          

          
            
            

          

        

      

      

      (1) the
        Company or such Restricted Subsidiary, as the case may be, receives
        consideration at the time of such Sale/Leaseback Transaction at least equal
        to
        the Fair Market Value of the property subject to such transaction;

       

      (2) the
        Company or such Restricted Subsidiary could have incurred Indebtedness in
        an
        amount equal to the Attributable Debt in respect of such Sale/Leaseback
        Transaction pursuant to Section 4.09;

       

      (3) the
        Company or such Restricted Subsidiary would be permitted to create a Lien
        on the
        property subject to such Sale/Leaseback Transaction without securing the
        Notes
        by Section 4.11; and

       

      (4) the
        Sale/Leaseback Transaction is treated as an Asset Sale and all of the conditions
        of Section 4.12 (including the provisions concerning the application of Net
        Proceeds) are satisfied with respect to such Sale/Leaseback Transaction,
        treating all of the consideration received in such Sale/Leaseback Transaction
        as
        Net Proceeds for purposes of Section 4.12.

       

      Section
        4.16. Designation
        of Restricted and Unrestricted Subsidiaries.

       

      The
        Company’s Board of Directors may designate any of its Subsidiaries, including
        any newly formed Subsidiary or any Person that will become a Subsidiary by
        way
        of acquisition, to be an Unrestricted Subsidiary if that designation would
        not
        cause a Default. If any of the Company’s Restricted Subsidiaries is designated
        as an Unrestricted Subsidiary, the aggregate fair market value of all
        outstanding Investments owned by the Company and its Restricted Subsidiaries
        in
        the newly designated Unrestricted Subsidiary shall be deemed to be an Investment
        made as of the time of that designation and will reduce the amount available
        for
        Restricted Payments under Section 4.10(a) or “Permitted Investments,” as
        determined by the Company. The designation of such a Subsidiary or Person
        as an
“Unrestricted Subsidiary” will be permitted only if, in the case of a Restricted
        Subsidiary, the deemed Investment would be permitted at the time the Restricted
        Subsidiary is designated as an Unrestricted Subsidiary and, in any case,
        if that
        Subsidiary or Person otherwise satisfies the requirements set forth in the
        definition of “Unrestricted Subsidiary.”

       

      Any
        designation of a Subsidiary of the Company as an Unrestricted Subsidiary
        shall
        be evidenced to the Trustee by filing with the Trustee a certified copy of
        the
        Board Resolution giving effect to such designation and an Officers’ Certificate
        certifying that such designation complied with the preceding conditions and
        was
        permitted by Section 4.10 hereof. If, at any time, any Unrestricted Subsidiary
        would fail to meet the preceding requirements as an Unrestricted Subsidiary,
        it
        will thereafter cease to be an Unrestricted Subsidiary for purposes of this
        Indenture and any Indebtedness of such Subsidiary will be deemed to be incurred
        by a Restricted Subsidiary of the Company as of such date and, if such
        Indebtedness is not permitted to be incurred as of such date under Section
        4.09
        hereof, the Company will be in default of such covenant. The Board of Directors
        of the Company may at any time designate any Unrestricted Subsidiary to be
        a
        Restricted Subsidiary; provided
        that
        such designation will be deemed to be an incurrence of Indebtedness by one
        of
        the Company’s Restricted Subsidiaries of any outstanding Indebtedness of such
        Unrestricted Subsidiary and such designation will only be permitted if (1)
        such
        Indebtedness is permitted under Section 4.09, calculated on a pro forma basis
        as
        if such designation had occurred at the beginning of the four-quarter reference
        period; and (2) no Default or Event of Default would be in existence following
        such designation

       

      Section
        4.17. Repurchase
        at the Option of Holders Upon a Change of Control.

       

      (a) Upon
        the
        occurrence of a Change of Control, the Company shall, within 10 days of a
        Change
        of Control, make an offer (the “Change
        of Control Offer”)
        pursuant to the procedures set forth in Section 3.09. Each Holder shall have
        the
        right to accept such offer and require the Company to repurchase all or any
        portion (equal to $1,000 or an integral multiple of $1,000) of such Holder’s
        Notes pursuant to the Change of Control Offer at a purchase price, in cash
        (the
“Change
        of Control Amount”),
        equal
        to 101% of the aggregate principal amount of Notes repurchased, plus accrued
        and
        unpaid interest and Additional Interest, if any, on the Notes repurchased,
        to
        the Purchase Date.

       

      (b) The
        Company will not be required to make a Change of Control Offer upon a Change
        of
        Control if a third party makes the Change of Control Offer in the manner,
        at the
        times and otherwise in compliance with the requirements set forth in this
        Indenture applicable to the Company and purchases all Notes properly tendered
        and not withdrawn under the Change of Control Offer.

      

      
        
          
            
            

          

          
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      Section
        4.18. Business
        Activities.

       

      The
        Company will not, and will not permit any Subsidiary to, engage in any business
        other than Permitted Businesses.

       

      Section
        4.19. Limitations
        on Issuances of Guarantees of Indebtedness.

       

      The
        Company will not permit any of its Restricted Subsidiaries, directly or
        indirectly, to guarantee or pledge any assets to secure the payment of any
        other
        Indebtedness of the Company unless such Restricted Subsidiary simultaneously
        executes and delivers a supplemental indenture providing for the guarantee
        of
        the payment of the Notes by such Restricted Subsidiary. The Subsidiary Guarantee
        will be (1) senior to such Restricted Subsidiary’s Guarantee of or pledge to
        secure such other Indebtedness if such other Indebtedness is subordinated
        to the
        Notes; or (2) pari passu with such Restricted Subsidiary’s Guarantee of or
        pledge to secure such other Indebtedness if such other Indebtedness is not
        subordinated to the Notes.

       

      The
        Subsidiary Guarantee of a Guarantor will be automatically and unconditionally
        released:

       

      (1)
         in
        connection with any sale of other disposition of all or substantially all
        of the
        assets of that Guarantor (including by way of merger or consolidation) to
        a
        Person that is not (either before or after giving effect to such transaction)
        the Company or a subsidiary of the Company, if the sale or other disposition
        does not violate Section 4.12 hereof;

       

      (2) in
        connection with any sale or other disposition of all of the Capital Stock
        of
        that Guarantor to a Person that is not (either before or after giving effect
        to
        such transaction) the Company or a subsidiary of the Company, if the sale
        or
        other disposition does not violate Section 4.12 hereof;

       

      (3) if
        the
        Company designates any of its Restricted Subsidiaries that is a Guarantor
        to be
        an Unrestricted Subsidiary in accordance with the applicable provisions of
        this
        Indenture;

       

      (4) upon
        legal defeasance, covenant defeasance or satisfaction and discharge of the
        Notes
        as provided below under the Sections 8.02, 8.03 and 11.01 hereof;
        or

       

      (5) if
        such
        Guarantor is released from the underlying Guarantee of Indebtedness giving
        rise
        to the execution of a Subsidiary Guarantee.

       

      The
        form
        of Subsidiary Guarantee is attached hereto as Exhibit E. Notwithstanding
        the
        foregoing, if the Company guarantees Indebtedness incurred by any of the
        Restricted Subsidiaries, such Guarantee by the Company will not require any
        of
        its Restricted Subsidiaries to provide a Subsidiary Guarantee for the
        Notes.

       

      Section
        4.20. Covenant
        Termination

       

      Following
        the first day:

       

      (a) the
        notes
        have an Investment Grade Rating from both of the Ratings Agencies;
        and

       

      (b) no
        Default has occurred and is continuing under this Indenture;

       

      the
        Company and its Restricted Subsidiaries shall cease to be subject to the
        provisions of:

       

      (1) Section
        4.10;

       

      

      
        
          
            
            

          

          
            53

            
              

            

          

          
            
            

          

        

      

      

      (2) Section
        4.09;

       

      (3) Section
        4.13;

       

      (4) Section
        4.18;

       

      (5) Section
        4.19;

       

      (6) Section
        4.14; and

       

      (7) Section
        4.12

       

      (collectively,
        the “Terminated Covenants”). No Default, Event of Default or breach of any kind
        shall be deemed to exist under the Indenture or the Notes with respect to
        the
        Terminated Covenants based on, and none of the Company or any of its
        Subsidiaries shall bear any liability for, any actions taken or events occurring
        after the Notes attain an Investment Grade Rating, regardless of whether
        such
        actions or event would have been permitted if the applicable Terminated
        Covenants remained in effect. The Terminated Covenants will not be reinstated
        even if the Company subsequently does not satisfy the requirements set forth
        in
        clauses (a) and (b) above. After the Terminated Covenants have been terminated,
        Company and its Restricted Subsidiaries shall remain subject to the provisions
        of Section 4.17 and the following Sections:

       

      (1) Section
        4.11;

       

      (2) Section
        5.01 (other than clause (iv) thereof);

       

      (3) Section
        4.15; 

       

      (4) Section
        4.08; and

       

      (5) Section
        4.03.

       

      

       

      ARTICLE
        5.

       

      

       

      SUCCESSORS

       

      Section
        5.01. Merger,
        Consolidation and Sale of Assets

       

      (a) The
        Company may not, directly or indirectly, consolidate or merge with or into
        another Person (whether or not the Company is the Surviving Corporation)
        or
        sell, assign, transfer, convey, lease or otherwise dispose of all or
        substantially all of its properties or assets in one or more related
        transactions, to another person, unless: 

       

      (i)   either:

       

      (A) the
        Company shall be the surviving person or 

       

      (B) the
        Person (if other than the Company) formed by or surviving any such consolidation
        or merger (if other than the Company) or to which such sale, assignment,
        transfer, lease, conveyance or other disposition has been made shall be a
        corporation organized or existing under the laws of the United States of
        America, any State thereof or the District of Columbia;

       

       

       

      

      
        
          
            
            

          

          
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       (ii)
        the Person formed by or surviving any such consolidation or merger (if other
        than the Company) or the person to which such sale, assignment, transfer,
        conveyance or other disposition has been made assumes, by supplemental indenture
        in form satisfactory to the Trustee, all the obligations of the Company under
        the Notes and this Indenture; 

       

      (iii)   immediately
        after such transaction or series of transactions on a pro
        forma basis
        (and treating, for purposes of this clause (iii) and clause (iv) below, any
        Debt that becomes, or is anticipated to become, an obligation of the surviving
        person as a result of such transaction or series of transactions as having
        been
        Incurred by the surviving person at the time of such transaction or series
        of
        transactions), no Default or Event of Default shall have occurred and be
        continuing; 

       

      (iv)   except
        with respect to a consolidation or merger of the Company with or into a
        Restricted Subsidiary, the Company or the Person formed by or surviving any
        such
        consolidation or merger (if other than the Company), or to which such sale,
        assignment, transfer, conveyance or other disposition has been made will,
        on the
        date of such transaction after giving pro forma effect thereto and any related
        financing transactions as if the same had occurred at the beginning of the
        applicable four-quarter period, be permitted to incur at least $1.00 of
        additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test
        set
        forth in Section 4.09(a) hereof; and

       

      (v)   the
        Company shall deliver, or cause to be delivered, to the Trustee, in form
        and
        substance satisfactory to the Trustee, in its reasonable judgment, an Officers’
Certificate and an Opinion of Counsel, each stating that such transaction
        or
        series of transactions and the supplemental indenture, if any, in respect
        thereto comply with this covenant and that all conditions precedent herein
        provided for relating to such transaction or series of transactions have
        been
        satisfied.

       

      (b) The
        foregoing provisions (other than clause (v)) shall not apply to any
        transaction or series of transactions which constitute an Asset Sale if the
        Company has complied with Section 4.12.

       

      (c) The
        sale,
        assignment, transfer, lease, conveyance or other disposition of all or
        substantially all of the properties or assets of one or more Subsidiaries
        of the
        Company, which properties or assets, if held by the Company instead of such
        Subsidiaries, would constitute all or substantially all of the properties
        or
        assets of the Company on a consolidated basis, shall be deemed to be the
        transfer of all or substantially all of the properties or assets of the
        Company.

       

      Section
        5.02. Successor
        Corporation Substituted.

       

      The
        Surviving Person shall succeed to, and be substituted for, and may exercise
        every right and power of the Company or a Guarantor, as applicable ,under
        this
        Indenture; provided,
        however,
        that
        the predecessor entity shall not be released from any of the obligations
        or
        covenants under this Indenture, including with respect to the payment of
        the
        Notes and obligations under a Subsidiary Guarantee, if any, in the case
        of:

       

      (a) a
        sale,
        transfer, assignment, conveyance or other disposition (unless such sale,
        transfer, assignment, conveyance or other disposition is of all or substantially
        all of the assets of the Company, taken as a whole), or

       

      (b) a
        lease.

       

       

       

      

      
        
          
            
            

          

          
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        ARTICLE
          6.

         

        

         

        DEFAULTS
          AND REMEDIES

      

       

      Section
        6.01. Events
        of Default.

       

      Each
        of
        the following constitutes an “Event of Default” with respect to the
        Notes:

       

      (a) failure
        to make the payment of any interest or Additional Interest on the Notes when
        the
        same becomes due and payable, and such failure continues for a period of
        30
        days; 

       

      (b) failure
        to make the payment of any principal of, or premium, if any, on, any of the
        Notes when the same becomes due and payable at its Stated Maturity, upon
        acceleration, redemption, optional redemption, required repurchase or otherwise;
        

       

      (c) failure
        to comply with Section 5.01;

       

      (d) failure
        by the Company or any of its Restricted Subsidiaries for 30 days after notice
        to
        comply with the provisions described under Sections 4.09, 4.10, 4.12 and
        4.17
        hereof;

       

      (e) failure
        by the Company for 120 days after notice to comply with the provisions described
        under Section 4.03; 

       

      (f) failure
        by the Company or any of its Restricted Subsidiaries for 60 days after notice
        to
        comply with any of its other agreements in this Indenture or the
        Notes;

       

      (g) default
        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 of its Restricted Subsidiaries (or the payment of which
        is
        guaranteed by the Company or any of its Restricted Subsidiaries whether such
        Indebtedness or Guarantee now exists, or is created after the Issue Date,
        if
        that default:

       

      (A) is
        caused
        by a failure to pay principal of, or interest or premium, if any, on such
        Indebtedness prior to the expiration of the grace period provided in such
        Indebtedness on the date of such default (a “Payment Default”); or

       

      (B) results
        in the acceleration of such Indebtedness prior to its express
        maturity,

       

      and,
        in
        each case, the principal amount of any such Indebtedness, together with the
        principal amount of any other such Indebtedness under which there has been
        a
        Payment Default or the maturity of which has been so accelerated, aggregates
        $15.0 million or more;

       

      (h) failure
        by the Company or any of its Restricted Subsidiaries to pay final
        non-appealable judgments entered by a court or courts of competent jurisdiction
        aggregating
        in excess of $15.0 million, which judgments are not paid, discharged or stayed
        for a period of 60 days; 

       

      (i) the
        Company or any of its Significant Subsidiaries or any group of Subsidiaries
        that, when taken together, would constitute a Significant Subsidiary pursuant
        to
        or within the meaning of any Bankruptcy Law:

       

      (A) commences
        a voluntary case or gives notice of intention to make a proposal under any
        Bankruptcy Law;

       

      (B) consents
        to the entry of an order for relief against it in an involuntary case or
        consents to its dissolution or winding up;

       

      (C) consents
        to the appointment of a receiver, interim receiver, receiver and manager,
        liquidator, trustee or custodian of it or for all or substantially all of
        its
        property;

      

      
        
          
            
            

          

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

       

      (E) admits
        in
        writing its inability to pay its debts as they become due or otherwise admits
        its insolvency; and

       

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

       

      (A) is
        for
        relief against the Company or any of its Significant Subsidiaries or any
        group
        of Subsidiaries that, when taken together, would constitute a Significant
        Subsidiary in an involuntary case; or

       

      (B) appoints
        a receiver, interim receiver, receiver and manager, liquidator, trustee or
        custodian of the Company or any of its Significant Subsidiaries or any group
        of
        Subsidiaries that, when taken together, would constitute a Significant
        Subsidiary or for all or substantially all of the property of the Company
        or any
        of its Significant Subsidiaries or any group of Subsidiaries that, when taken
        together, would constitute a Significant Subsidiary; or

       

      (C) orders
        the liquidation of the Company or any of its Significant Subsidiaries or
        any
        group of Subsidiaries that, when taken together, would constitute a Significant
        Subsidiary;

       

      and
        such
        order or decree remains unstayed and in effect for 60 consecutive
        days.

       

      Section
        6.02. Acceleration.

       

      If
        any
        Event of Default (other than those of the type described in Section 6.01(i)
        or
        (j)) occurs and is continuing, the Trustee may, and the Trustee upon the
        request
        of Holders of 25% in principal amount of the outstanding Notes shall, or
        the
        Holders of at least 25% in principal amount of outstanding Notes may, declare
        the principal of all the Notes, together with all accrued and unpaid interest,
        premium, if any, to be due and payable by notice in writing to the Company
        and
        the Trustee specifying the respective Event of Default and that such notice
        is a
        notice of acceleration (the “Acceleration
        Notice”),
        and
        the same shall become immediately due and payable.

       

      In
        the
        case of an Event of Default specified in Section 6.01(i) or (j) all outstanding
        Notes shall become due and payable immediately without any further declaration
        or other act on the part of the Trustee or the Holders. Holders may not enforce
        this Indenture or the Notes except as provided in this Indenture. 

       

      Section
        6.03. Other
        Remedies.

       

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

       

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

       

      

      
        
          
            
            

          

          
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      Section
        6.04. Waiver
        of
        Defaults.

       

      (a) The
        Holders of at least a majority in aggregate principal amount of the Notes
        then
        outstanding by notice to the Trustee may on behalf of the Holders of all
        of the
        Notes, waive any existing Default or Event of Default, and its consequences,
        except a continuing Default or Event of Default (i) in the payment of the
        principal of, premium, if any, or interest, on the Notes and (ii) in respect
        of
        a covenant or provision which under this Indenture cannot be modified or
        amended
        without the consent of the Holder of each Note affected by such modification
        or
        amendment.

       

      (b) Upon
        any
        waiver of a Default or Event of Default, such Default shall cease to exist,
        and
        any Event of Default arising therefrom shall be deemed cured for every purpose
        of this Indenture but no such waiver shall extend to any subsequent or other
        Default or Event of Default or impair any right consequent thereon.

       

      Section
        6.05. Control
        by Majority.

       

      Subject
        to Section 7.01, Section 7.02(f) (including the Trustee’s receipt of the
        security or indemnification described therein) and Section 7.07 hereof, in
        case
        an Event of Default shall occur and be continuing, the Holders of a majority
        in
        aggregate principal amount of the Notes then outstanding shall have the right
        to
        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 the
        Trustee with respect to the Notes.

       

      Section
        6.06. Limitation
        on Suits.

       

      No
        Holder
        shall have any right to institute any proceeding with respect to this Indenture,
        or for the appointment of a receiver or trustee, or for any remedy thereunder,
        unless:

       

      (a) such
        Holder has previously given to the Trustee written notice of a continuing
        Event
        of Default or the Trustee receives the notice from the Company,

       

      (b) Holders
        of at least 25% in aggregate principal amount of the Notes then outstanding
        have
        made written request and offered indemnity to the Trustee reasonably
        satisfactory to it to institute such proceeding as trustee, and

       

      (c) the
        Trustee shall not have received from the Holders of a majority in aggregate
        principal amount of the Notes then outstanding a direction inconsistent with
        such request and shall have failed to institute such proceeding within 60
        days.

       

      The
        preceding limitations shall not apply to a suit instituted by a Holder for
        enforcement of payment of principal of, and premium, if any, or interest
        on, a
        Note on or after the respective due dates for such payments set forth in
        such
        Note.

       

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

       

      Section
        6.07. Rights
        of Holders to Receive Payment.

       

      Notwithstanding
        any other provision of this Indenture (including Section 6.06), the right
        of any
        Holder to receive payment of principal, premium, if any, and interest and
        Additional Interest on the Notes held by such Holder, on or after the respective
        due dates expressed in the Notes (including in connection with an offer to
        purchase), or to bring suit for the enforcement of any such payment on or
        after
        such respective dates, shall not be impaired or affected without the consent
        of
        such Holder.

       

      

      
        
          
            
            

          

          
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      Section
        6.08. Collection
        Suit by
        Trustee.

       

      If
        an
        Event of Default specified in Section 6.01 (a) or (b) occurs and is continuing,
        the Trustee is authorized to recover judgment in its own name and as trustee
        of
        an express trust against the Company for the whole amount of principal of,
        premium, if any, and interest then due and owing (together with interest
        on
        overdue principal and, to the extent lawful, interest) and such further amount
        as shall be sufficient to cover the costs and expenses of collection, including
        the reasonable compensation, expenses, disbursements and advances of the
        Trustee, its agents and counsel.

       

      Section
        6.09. Trustee
        May File Proofs of Claim.

       

      The
        Trustee shall be authorized to 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,
        disbursements and advances of the Trustee, its agents and counsel) and the
        Holders allowed in any judicial proceedings relative to the Company (or any
        other obligor upon the Notes), its creditors or its property and shall be
        entitled and empowered to collect, receive and distribute any money or other
        property payable or deliverable on any such claims and any custodian in any
        such
        judicial proceeding is hereby authorized by each Holder to make such payments
        to
        the Trustee, and in the event that the Trustee shall consent to the making
        of
        such payments directly to the Holders, to pay to the Trustee any amount due
        to
        it for the reasonable compensation, expenses, disbursements and advances
        of the
        Trustee, its agents and counsel, and any other amounts due the Trustee under
        Section 7.07 hereof. To the extent that the payment of any such compensation,
        expenses, disbursements and advances of the Trustee and its agents and counsel,
        and any other amounts due the Trustee under Section 7.07 hereof out of the
        estate in any such proceeding, shall be denied for any reason, payment of
        the
        same shall be secured by a Lien on, and shall be paid out of, any and all
        distributions, moneys, securities and any other properties that the Holders
        may
        be entitled to receive in such proceeding whether in liquidation or under
        any
        plan of reorganization or arrangement or otherwise. Nothing herein contained
        shall be deemed to authorize the Trustee to authorize or consent to or accept
        or
        adopt on behalf of any Holder any plan of reorganization, arrangement,
        adjustment or composition affecting the Notes or the rights of any Holder,
        or to
        authorize the Trustee to vote in respect of the claim of any Holder in any
        such
        proceeding.

       

      Section
        6.10. Priorities.

       

      If
        the
        Trustee collects any money pursuant to this Article 6, it shall pay out the
        money in the following order:

       

      First:
        to the
        Trustee, its agents and attorneys for amounts due under Section 7.07 hereof,
        including payment of all compensation, expenses and liabilities incurred,
        and
        all advances made, by the Trustee and the costs and expenses of
        collection;

       

      Second:
        to
        Holders for amounts due and unpaid on the Notes for principal, premium, if
        any,
        and interest ratably, without preference or priority of any kind, according
        to
        the amounts due and payable on the Notes for principal, premium, if any,
        and
        interest, respectively; and

       

      Third:
        to the
        Company or to such party as a court of competent jurisdiction shall
        direct.

       

      The
        Trustee may fix a record date and payment date for any payment to Holders
        pursuant to this Section 6.10.

       

      Section
        6.11. Undertaking
        for Costs.

       

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

      

       

      

      
        
          
            
            

          

          
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      ARTICLE
        7.

       

      

       

      TRUSTEE

       

      Section
        701. Duties
        of Trustee

       

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

       

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

       

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

       

      (2) in
        the
        absence of bad faith on its part, the Trustee may conclusively rely, as to
        the
        truth of the statements and the correctness of the opinions expressed therein,
        upon certificates or opinions furnished to the Trustee and conforming to
        the
        requirements of this Indenture.  However, in the case of certificates or
        opinions specifically required by any provision herein to be furnished to
        it,
        the Trustee shall examine the certificates and opinions to determine whether
        or
        not they conform to the requirements of this Indenture (but need not confirm
        or
        investigate the accuracy of mathematical calculations or other facts stated
        therein).

       

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

       

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

       

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

       

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

       

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

       

      (e) No
        provision of this Indenture shall require the Trustee to expend or risk its
        own
        funds or incur any liability. The Trustee shall be under no obligation to
        exercise any of its rights and powers under this Indenture at the request
        of any
        Holders, unless such Holder shall have offered to the Trustee security and
        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 in writing with the Company. Money held in trust by
        the
        Trustee need not be segregated from other funds except to the extent required
        by
        law.

       

       

       

      

      
        
          
            
            

          

          
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      Section
        7.02. Rights
        of
        Trustee.

       

      Subject
        to TIA Section 315:

       

      (a) The
        Trustee may conclusively rely upon 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 any such document.

       

      (b) Before
        the Trustee acts or refrains from acting, it may require an Officers’
Certificate or an Opinion of Counsel or both. The Trustee shall not be liable
        for any action it takes or omits to take in good faith in reliance on such
        Officers’ Certificate or Opinion of Counsel.  The Trustee may consult with
        counsel and the advice of such counsel or any Opinion of Counsel shall be
        full
        and complete authorization and protection from liability in respect of any
        action taken, suffered or omitted by it hereunder in good faith and in reliance
        thereon.

       

      (c) The
        Trustee shall not be liable for any action it takes or omits to take in good
        faith that it believes to be authorized or within the rights or powers conferred
        upon it by this Indenture.

       

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

       

      (e) The
        Trustee shall not be deemed to have notice of any Default or Event of Default
        unless a Responsible Officer of the Trustee has actual knowledge thereof
        or
        unless written notice of any event which is in fact such a Default or Event
        of
        Default is received by a Responsible Officer of the Trustee at the Corporate
        Trust Office of the Trustee from the Company or the Holders of 25% in aggregate
        principal amount of the outstanding Notes, and such notice references the
        specific Default or Event of Default, the Notes and this Indenture.

       

      (f) The
        Trustee shall not be required to give any bond or surety in respect of the
        performance of its power and duties hereunder.

       

      (g) The
        Trustee shall have no duty to inquire as to the performance of the Company’s
        covenants herein.

       

      (h) The
        Trustee may execute any of the trusts or powers hereunder or perform any
        duties
        hereunder either directly or by or through agents or attorneys and the Trustee
        shall not be responsible for any misconduct or negligence on the part of
        any
        agent or attorney appointed with due care by it hereunder.

       

      (i) the
        Trustee shall be under no obligation to exercise any of the rights or powers
        vested in it by this Indenture at the request or direction of any of the
        Holders
        pursuant to this Indenture, unless such Holders shall have offered to the
        Trustee security or indemnity satisfactory to the Trustee against the costs,
        expenses and liabilities which might be incurred by it in compliance with
        such
        request or direction.

       

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

       

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

       

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

       

       

      

      
        
          
            
            

          

          
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      Section
        7.03. Individual
        Rights of
        Trustee.

       

      The
        Trustee in its individual or any other capacity may become the owner or pledgee
        of Notes and may otherwise deal with the Company or any Affiliate of the
        Company
        with the same rights it would have if it were not Trustee. However, in the
        event
        that the Trustee acquires any conflicting interest it must eliminate such
        conflict within 90 days, apply to the Commission for permission to continue
        as
        Trustee or resign. Any Agent may do the same with like rights and duties.
        The
        Trustee shall also be subject to Sections 7.10 and 7.11 hereof.

       

      Section
        7.04. Trustee’s
        Disclaimer.

       

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

       

      Section
        7.05. Notice
        of Defaults.

       

      If
        a
        Default or Event of Default occurs and is continuing and if it is known to
        the
        Trustee, the Trustee shall mail to Holders a notice of the Default or Event
        of
        Default within 90 days after it occurs. Except in the case of a Default or
        Event
        of Default in payment of principal of, premium, if any, or interest on any
        Note,
        the Trustee may withhold the notice if and so long as a committee of its
        Responsible Officers in good faith determines that withholding the notice
        is in
        the interests of the Holders.

       

      Section
        7.06. Reports
        by Trustee to Holders.

       

      Within
        60
        days after each May 15 beginning with the May 15 following the Issue Date,
        and
        for so long as Notes remain outstanding, the Trustee shall mail to the Holders
        a
        brief report dated as of such reporting date that complies with TIA §313(a) (but
        if no event described in TIA §313(a) has occurred within the twelve months
        preceding the reporting date, no report need be transmitted).  The Trustee
        also shall comply with TIA §313(b)(2). The Trustee shall also transmit by mail
        all reports as required by TIA §313(c).

       

      A
        copy of
        each report at the time of its mailing to the Holders shall be mailed to
        the
        Company and filed with the Commission and each stock exchange on which the
        Notes
        are listed in accordance with TIA §313(d).  The Company shall promptly
        notify the Trustee when the Notes are listed on any stock exchange and any
        delisting thereof.

       

      Section
        7.07. Compensation
        and Indemnity.

       

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

       

      The
        Company shall indemnify the Trustee (in its capacity as Trustee), its directors,
        officers, employees or agents or any predecessor Trustee (in its capacity
        as
        Trustee) against any and all losses, claims, damages, penalties, fines,
        liabilities or expenses, including incidental and out-of-pocket expenses
        and
        reasonable attorneys’ fees and expenses (for purposes of this Article,
“losses”)
        incurred by it arising out of or in connection with the acceptance or
        administration of its duties under this Indenture, including the costs and
        expenses of enforcing this Indenture against the Company (including this
        Section
        7.07) and defending itself against any claim (whether asserted by the Company
        or
        any Holder or any other Person) or liability in connection with the exercise
        or
        performance of any of its powers or duties hereunder, except to the extent
        such
        losses may be determined to have

       

      

      
        
          
            
            

          

          
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        been
          caused by its own negligence or willful misconduct. The
          Trustee shall notify the Company promptly of any claim for which it may
          seek
          indemnity.  Failure by the Trustee to so notify the Company shall not
          relieve the Company of its obligations under this Section 7.07. The Company
          shall defend the claim, and the Trustee shall cooperate in the defense.
          The
          Trustee may have separate counsel if the Trustee has been reasonably advised
          by
          counsel that there may be one or more legal defenses available to it that
          are
          different from or additional to those available to the Company and in the
          reasonable judgment of such counsel it is advisable for the Trustee to
          engage
          separate counsel, and the Company shall pay the reasonable fees and expenses
          of
          such counsel.  The Company need not pay for any settlement made without its
          consent, which consent shall not be unreasonably withheld. The Company
          need not
          reimburse any expense or indemnify against any loss incurred by the Trustee
          through the Trustee’s own willful misconduct, gross negligence or bad faith.

           

        

      

      The
        obligations of the Company under this Section 7.07 shall survive the
        satisfaction and discharge of this Indenture, the resignation or removal
        of the
        Trustee and payment in full of the Notes.

       

      To
        secure
        the Company’s payment obligations in this Section, the Trustee shall have a Lien
        prior to the Notes on all money or property held or collected by the Trustee,
        except that held in trust to pay principal, premium, if any, and interest
        on
        particular Notes. Such Lien shall survive the satisfaction and discharge
        of this
        Indenture.

       

      When
        the
        Trustee incurs expenses or renders services after an Event of Default specified
        in Section 6.01(i) or (j) hereof occurs, the expenses and the compensation
        for
        the services (including the fees and expenses of its agents and counsel)
        are
        intended to constitute expenses of administration under any Bankruptcy
        Law.

       

      Section
        7.08. Replacement
        of Trustee.

       

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

       

      The
        Trustee may resign in writing at any time upon 30 days’ prior notice to the
        Company and be discharged from the trust hereby created by so notifying the
        Company. The Holders of a majority in aggregate principal amount of the then
        outstanding Notes may remove the Trustee by so notifying the Trustee and
        the
        Company in writing. The Company may remove the Trustee if:

       

      (a) the
        Trustee fails to comply with Section 7.10 hereof;

       

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

       

      (c) a
        custodian or public officer takes charge of the Trustee or its property;
        or

       

      (d) the
        Trustee becomes incapable of acting.

       

      If
        the
        Trustee resigns or is removed or if a vacancy exists in the office of Trustee
        for any reason (the Trustee in such event being referred to herein as the
        retiring Trustee), the Company shall promptly appoint a successor Trustee.
        Within one year after the successor Trustee takes office, the Holders of
        a
        majority in principal amount of the then outstanding Notes may appoint a
        successor Trustee to replace the successor Trustee appointed by the
        Company.

       

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

       

      

      
        
          
            
            

          

          
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      If
        the
        Trustee, after written request by any Holder who has been a Holder for at
        least
        six months, fails to comply with Section 7.10 hereof, such Holder may petition
        any court of competent jurisdiction for the removal of the Trustee and the
        appointment of a successor Trustee.

       

      A
        successor Trustee shall deliver a written acceptance of its appointment to
        the
        retiring Trustee and to the Company.  Thereupon, the resignation or removal
        of the retiring Trustee shall become effective, and the successor Trustee
        shall
        have all the rights, powers and duties of the Trustee under this Indenture.
        The
        successor Trustee shall mail a notice of its succession to Holders. 
Subject to the Lien provided for in Section 7.07 hereof, the retiring Trustee
        shall promptly transfer all property held by it as Trustee to the successor
        Trustee; provided,
        however,
        that
        all sums owing to the Trustee hereunder shall have been paid. Notwithstanding
        replacement of the Trustee pursuant to this Section 7.08, the Company’s
        obligations under Section 7.07 hereof shall continue for the benefit of the
        retiring Trustee.

       

      In
        the
        case of an appointment hereunder of a separate or successor Trustee with
        respect
        to the Notes, the Company, any retiring Trustee and each successor or separate
        Trustee with respect to the Notes shall execute and deliver a supplemental
        indenture hereto (1) which shall contain such provisions as shall be deemed
        necessary or desirable to confirm that all the rights, powers, trusts and
        duties
        of any retiring Trustee with respect to the Notes as to which any such retiring
        Trustee is not retiring shall continue to be vested in such retiring Trustee
        and
        (2) that shall add to or change any of the provisions of this Indenture as
        shall
        be necessary to provide for or facilitate the administration of the trusts
        hereunder by more than one Trustee, it being understood that nothing herein
        or
        in such supplemental indenture shall constitute such Trustee co-trustees
        of the
        same trust and that each such separate, retiring or successor Trustee shall
        be
        Trustee of a trust or trusts hereunder separate and apart from any trust
        or
        trusts hereunder administered by any such other Trustee.

       

      Section
        7.09. Successor
        Trustee by Merger, etc.

       

      If
        the
        Trustee consolidates, merges or converts into, or transfers all or substantially
        all of its corporate trust business to, another corporation or banking
        association, the successor corporation or banking association without any
        further act shall, if such successor corporation or banking association is
        otherwise eligible hereunder, be the successor Trustee.

       

      Section
        7.10. Eligibility;
        Disqualification.

       

      There
        shall at all times be a Trustee hereunder that is a Person organized and
        doing
        business under the laws of the United States of America or of any state thereof
        that is authorized under such laws to exercise corporate trustee power, that
        is
        subject to supervision or examination by federal or state authorities and
        that
        has a combined capital and surplus of at least $50.0 million (or a wholly-owned
        subsidiary of a bank or trust company, or of a bank holding company, the
        principal subsidiary of which is a bank or trust company having a combined
        capital and surplus of at least $50.0 million) as set forth in its most recent
        published annual report of condition.

       

      This
        Indenture shall always have a Trustee who satisfies the requirements of TIA
        §310(a)(1), (2) and (5). The Trustee is subject to TIA §310(b).

       

      Section
        7.11. Preferential
        Collection of Claims Against Company.

       

      The
        Trustee is subject to 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 therein.

       

      

      
        
          
            
            

          

          
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        ARTICLE
          8.

         

        

         

        LEGAL
          DEFEASANCE AND COVENANT DEFEASANCE

      

       

      Section
        8.01. Option
        to Effect Legal Defeasance or Covenant Defeasance.

       

      The
        Company may, at its option and at any time, elect to have either Section
        8.02 or
        8.03 hereof be applied to all outstanding Notes upon compliance with the
        conditions set forth in this Article 8.

       

      Section
        8.02. Legal
        Defeasance and Discharge.

       

      Upon
        the
        Company’s exercise under Section 8.01 of the option applicable to this Section
        8.02, the Company shall, subject to the satisfaction of the conditions set
        forth
        in Section 8.04, be deemed to have been discharged from its obligations with
        respect to all outstanding Notes on the date the conditions set forth below
        are
        satisfied (hereinafter, “Legal
        Defeasance”)
        and
        each Guarantor, if any, shall be released from all of its obligations under
        its
        Subsidiary Guaranty. For this purpose, Legal Defeasance means that the Company
        shall be deemed to have paid and discharged the entire Debt represented by
        the
        outstanding Notes, which shall thereafter be deemed to be “outstanding” only for
        the purposes of Section 8.05 and the other Sections of this Indenture referred
        to in (a) and (b) below, and to have satisfied all its other obligations
        under
        the Notes and this Indenture (and the Trustee, on demand of and at the expense
        of the Company, shall execute proper instruments acknowledging the same),
        except
        for the following provisions which shall survive until otherwise terminated
        or
        discharged hereunder: (a) the rights of Holders of outstanding Notes to
        receive solely from the trust fund described in Section 8.04, and as more
        fully
        set forth in such Section, payments in respect of the principal of, premium,
        if
        any, or interest and Additional Interest on such Notes when such payments
        are
        due, (b) the Company’s obligations with respect to such Notes under Article
        2 and Sections 4.01 and 4.02, (c) the rights, powers, trusts, duties and
        immunities of the Trustee hereunder and the Company’s and the Guarantor’s, if
        any, obligations in connection therewith and (d) this Article 8. If the
        Company exercises under Section 8.01 the option applicable to this Section
        8.02,
        subject to the satisfaction of the conditions set forth in Section 8.04,
        payment
        of the Notes may not be accelerated because of an Event of Default. Subject
        to
        compliance with this Article 8, the Company may exercise its option under
        this
        Section 8.02 notwithstanding the prior exercise of its option under Section
        8.03.

       

      Section
        8.03. Covenant
        Defeasance.

       

      Upon
        the
        Company’s exercise under Section 8.01 of the option applicable to this Section
        8.03, the Company shall, subject to the satisfaction of the conditions set
        forth
        in Section 8.04, be released from its obligations under the covenants contained
        in Sections 4.09, 4.10, 4.11, 4.12, 4.13, 4.14, 4.15, 4.17, 4.18 and 4.19
        hereof, and the operation of Section 5.01(a)(iv), with respect to the
        outstanding Notes on and after the date the conditions set forth in Section
        8.04
        are satisfied (hereinafter, “Covenant
        Defeasance”)
        and
        each Guarantor, if any, shall be released from all of its obligations under
        its
        Subsidiary Guaranty with respect to such covenants in connection with such
        outstanding Notes and the Notes shall thereafter be deemed not “outstanding” for
        the purposes of any direction, waiver, consent or declaration or act of Holders
        (and the consequences of any thereof) in connection with such covenants,
        but
        shall continue to be deemed “outstanding” for all other purposes hereunder (it
        being understood that such Notes shall not be deemed outstanding for accounting
        purposes). For this purpose, Covenant Defeasance means that, with respect
        to the
        outstanding Notes, the Company may omit to comply with and shall have no
        liability in respect of any term, condition or limitation set forth in any
        such
        covenant, whether directly or indirectly, by reason of any reference elsewhere
        herein to any such covenant or by reason of any reference in any such covenant
        to any other provision herein or in any other document and such omission
        to
        comply shall not constitute a Default or an Event of Default under Section
        6.01,
        but, except as specified above, the remainder of this Indenture and such
        Notes
        shall be unaffected thereby. If the Company exercises under Section 8.01
        the
        option applicable to this Section 8.03, subject to the satisfaction of the
        conditions set forth in Section 8.04, payment of the Notes may not be
        accelerated because of an Event of Default specified in clause (c) (with
        respect
        to the covenant contained in Section 5.01(a)(iv) hereof),
        clause (d) (with respect to the covenants contained in Section 4.09, 4.10,
        4.12
        and 4.17 hereof), clause (f)(with respect to the covenants contained in Sections
        4.11, 4.13, 4.14, 4.15, 4.18 and 4.19 hereof), and clauses (g), (h), (i)
        and (j)
        (but in the case of (i) and (j) of Section 6.01, with respect to Significant
        Subsidiaries only).

       

      

      
        
          
            
            

          

          
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      Section
        8.04. Conditions
        to Legal
        or Covenant Defeasance.

       

      The
        following shall be the conditions to the application of either Section 8.02
        or
        8.03 to the outstanding Notes.

       

      The
        Legal
        Defeasance or Covenant Defeasance may be exercised only if:

       

      (a) the
        Company irrevocably deposits with the Trustee, in trust (the “defeasance
        trust”),
        for
        the benefit of the Holders, cash in U.S. dollars, non-callable U.S. Government
        Securities, or a combination of cash in U.S. dollars and non-callable U.S.
        Government Securities, in amounts as will be sufficient, in the opinion of
        a
        nationally recognized firm of independent public accountants, to pay the
        principal, premium, if any, and interest and Additional Interest on the
        outstanding Notes on the Stated Maturity or on the next redemption date,
        as the
        case may be, and the Company shall specify whether the Notes are being defeased
        to maturity or to such particular redemption date;

       

      (b) in
        the
        case of Legal Defeasance, the Company shall deliver to the Trustee an Opinion
        of
        Counsel confirming that (i) the Company has received from, or there has been
        published by, the Internal Revenue Service a ruling or (ii) subsequent to
        the
        Issue Date, there has been a change in the applicable federal income tax
        law, in
        either case to the effect that, and based thereon such Opinion of Counsel
        shall
        confirm that, the Holders of the outstanding Notes will not recognize income,
        gain or loss for federal income tax purposes as a result of such Legal
        Defeasance and will be subject to federal income tax on the same amounts,
        in the
        same manner and at the same times as would have been the case if such Legal
        Defeasance had not occurred;

       

      (c) in
        the
        case of Covenant Defeasance, the Company shall deliver to the Trustee an
        Opinion
        of Counsel confirming that the Holders of the outstanding Notes will not
        recognize income, gain or loss for federal income tax purposes as a result
        of
        such Covenant Defeasance and will be subject to federal income tax on the
        same
        amounts, in the same manner and at the same times as would have been the
        case if
        such Covenant Defeasance had not occurred;

       

      (d) no
        Default or Event of Default has occurred and is continuing on the date of
        such
        deposit (other than a Default or Event of Default resulting from the borrowing
        of funds to be applied to such deposit and the grant of any Lien securing
        such
        borrowing);

       

      (e) such
        Legal Defeasance or Covenant Defeasance shall not result in a breach or
        violation of, or constitute a default under, any material agreement or
        instrument (other than this Indenture) to which the Company or any Subsidiary
        is
        a party or by which the Company or any Subsidiary is bound;

       

      (f) the
        Company shall deliver to the Trustee an Officers’ Certificate stating that the
        deposit was not made by the Company with the intent of preferring the Holders
        over other creditors of the Company with the intent of defeating, hindering,
        delaying or defrauding such other creditors; and

       

      (g) the
        Company delivers to the Trustee an Officers’ Certificate and an Opinion of
        Counsel, each stating that all conditions precedent relating to the Legal
        Defeasance or the Covenant Defeasance have been complied with.

       

      Section
        8.05. Deposited
        Cash and U.S. Government Securities to be Held in Trust; Other Miscellaneous
        Provisions.

       

      Subject
        to Section 8.06, all cash and non-callable U.S. Government Securities (including
        the proceeds thereof) deposited with the Trustee (or other qualifying trustee,
        collectively for purposes of this Section 8.05, the “Trustee”)
        pursuant to Section 8.04 in respect of the outstanding Notes shall be held
        in
        trust and applied by the Trustee, in accordance with the provisions of such
        Notes and this Indenture, to the payment, either directly or through any
        Paying
        Agent (including the Company acting as Paying Agent) as the Trustee may
        determine, to the Holders of all sums due and to become due thereon in respect
        of principal, premium, if any, and interest but such cash and securities
        need
        not be segregated from other funds except to the extent required by
        law.

       

      

      
        
          
            
            

          

          
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      The
        Company shall pay and indemnify the Trustee against any tax, fee or other
        charge
        imposed on or assessed against the cash or non-callable U.S. Government
        Securities deposited pursuant to Section 8.04 hereof or the principal and
        interest received in respect thereof other than any such tax, fee or other
        charge which by law is for the account of the Holders of the outstanding
        Notes.

       

      Anything
        in this Article 8 to the contrary notwithstanding, the Trustee shall deliver
        or
        pay to the Company from time to time upon the request of the Company any
        cash or
        non-callable U.S. Government Securities held by it as provided in Section
        8.04
        which, in the opinion of a nationally recognized firm of independent certified
        public accountants expressed in a written certification thereof delivered
        to the
        Trustee (which may be the certification delivered under Section 8.04(a)),
        are in
        excess of the amount thereof that would then be required to be deposited
        to
        effect an equivalent Legal Defeasance or Covenant Defeasance.

       

      Section
        8.06. Repayment
        to Company.

       

      The
        Trustee shall promptly, and in any event, no later than five (5) Business
        Days,
        pay to the Company after request therefor, any excess money held with respect
        to
        the Notes at such time in excess of amounts required to pay any of the Company’s
        Obligations then owing with respect to the Notes.

       

      Any
        cash
        or non-callable U.S. Government Securities deposited with the Trustee or
        any
        Paying Agent, or then held by the Company, in trust for the payment of the
        principal, premium, if any, or interest on any Note and remaining unclaimed
        for
        one year after such principal, premium, if any, or interest has become due
        and
        payable shall be paid to the Company on its request or (if then held by the
        Company) shall be discharged from such trust; and the Holder shall thereafter,
        as an unsecured creditor, look only to the Company for payment thereof, and
        all
        liability of the Trustee or such Paying Agent with respect to such cash and
        securities, and all liability of the Company as trustee thereof, shall thereupon
        cease; provided,
        however,
        that
        the Trustee or such Paying Agent, before being required to make any such
        repayment, may at the expense of the Company cause to be published once,
        in
The
        New York Times and
        The
        Wall Street Journal (national
        edition), notice that such cash and securities remains unclaimed and that,
        after
        a date specified therein, which shall not be less than 30 days from the date
        of
        such notification or publication, any unclaimed balance of such cash and
        securities then remaining shall be repaid to the Company.

       

      Section
        8.07. Reinstatement.

       

      If
        the
        Trustee or Paying Agent is unable to apply any cash or non-callable U.S.
        Government Securities in accordance with Section 8.02 or 8.03, as the case
        may
        be, by reason of any order or judgment of any court or governmental authority
        enjoining, restraining or otherwise prohibiting such application, then the
        Company’s obligations under this Indenture and the Notes shall be revived and
        reinstated as though no deposit had occurred pursuant to Section 8.02 or
        8.03
        until such time as the Trustee or Paying Agent is permitted to apply all
        such
        cash and securities in accordance with Section 8.02 or 8.03, as the case
        may be;
provided,
        however,
        that,
        if the Company makes any payment of principal of, premium, if any, or interest
        on any Note following the reinstatement of its obligations, the Company shall
        be
        subrogated to the rights of the Holders to receive such payment from the
        cash
        and securities held by the Trustee or Paying Agent.

       

      ARTICLE
        9.

       

      

       

      AMENDMENT,
        SUPPLEMENT AND WAIVER

       

      Section
        9.01. Without
        Consent of Holders of Notes.

       

      Notwithstanding
        Section 9.02 of this Indenture, the Company and the Trustee may amend or
        supplement this Indenture or the Notes without the consent of any Holder
        to:

       

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

       

      (2) to
        provide for uncertificated Notes in addition to or in place of certificated
        Notes;

       

      

      
        
          
            
            

          

          
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      (3) to
        provide for the assumption of the Company’s obligations to Holders of Notes in
        the case of a merger or consolidation or sale of all or substantially all
        of the
        Company’s assets;

       

      (4) to
        make
        any change that would provide any additional rights or benefits to the Holders
        of Notes or that does not adversely affect the legal rights under this Indenture
        of any such Holder;

       

      (5) to
        provide for or confirm the issuance of Additional Notes otherwise permitted
        to
        be incurred by this Indenture; or

       

      (6) to
        comply
        with requirements of the Commission in order to effect or maintain the
        qualification of this Indenture under the Trust Indenture Act.

       

      Section
        9.02. With
        Consent of Holders of Notes.

       

      Except
        as
        provided below in this Section 9.02, the Company and the Trustee may amend
        or
        supplement this Indenture and the Notes with the consent of the Holders of
        at
        least a majority in aggregate principal amount of the Notes, including
        Additional Notes, if any, then outstanding voting as a single class (including,
        without limitation, consents obtained in connection with a purchase of or
        tender
        offer or exchange offer for the Notes), and, subject to Sections 6.04 and
        6.07,
        any existing Default or Event of Default or compliance with any provision
        of
        this Indenture or the Notes may be waived with the consent of the Holders
        of at
        least a majority in aggregate principal amount of the Notes, including
        Additional Notes, if any, then outstanding voting as a single class (including,
        without limitation, consents obtained in connection with a purchase of or
        tender
        offer or exchange offer for the Notes).

       

      Without
        the consent of each Holder affected, an amendment or waiver may not (with
        respect to any Notes held by a non-consenting Holder):

       

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

       

      (2) reduce
        the principal of or change the fixed maturity of any Note or alter the
        provisions with respect to the redemption or repurchase of the Notes relating
        to
        Section 4.17 hereof (and any applicable definitions);

       

      (3) reduce
        the rate of or change the time for payment of interest on any Note;

       

      (4) waive
        a
        Default or Event of Default in the payment of principal of, or interest or
        premium, or Additional Interest, if any, on the Notes (except a rescission
        of
        acceleration of the Notes by the Holders of at least a majority in aggregate
        principal amount of the Notes and a waiver of the payment default that resulted
        from such acceleration);

       

      (5) make
        any
        Note payable in money other than that stated in the Notes;

       

      (6) make
        any
        change in the provisions (including applicable definitions) of the Indenture
        relating to waivers of past Defaults or the rights of Holders of Notes to
        receive payments of principal of, or interest or premium or Additional Interest,
        if any, on the Notes;

       

      (7) waive
        a
        redemption or repurchase payment with respect to any Note (including a payment
        required by the provisions described under Sections 4.12 or 4.17
        hereof;

       

      (8) make
        any
        change in the ranking of the Notes in a manner adverse to the Holders of
        the
        Notes; or

       

      (9) make
        any
        change in the preceding amendment and waiver provisions.

       

      

      
        
          
            
            

          

          
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      The
        Company may, but shall not be obligated to, fix a record date for the purpose
        of
        determining the Persons entitled to consent to any supplemental indenture.
        If a
        record date is fixed, the Holders on such record date, or their duly designated
        proxies, and only such Persons, shall be entitled to consent to such
        supplemental indenture, whether or not such Holders remain Holders after
        such
        record date; provided
        that
        unless such consent shall have become effective by virtue of the requisite
        percentage having been obtained prior to the date which is 120 days after
        such
        record date, any such consent previously given shall automatically and without
        further action by any Holder be cancelled and of no further effect.

       

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

       

      After
        an
        amendment, supplement or waiver under this Section 9.02 becomes effective,
        the
        Company shall mail to the Holder of each Note affected thereby to such Holder’s
        address appearing in the Security Register a notice briefly describing the
        amendment, supplement or waiver. Any failure of the Company to mail such
        notice,
        or any defect therein, shall not, however, in any way impair or affect the
        validity of any such amended or supplemental indenture or waiver. 

       

      Section
        9.03. Compliance
        with Trust Indenture Act.

       

      Every
        amendment or supplement to this Indenture or the Notes shall be set forth
        in an
        amended or supplemental indenture that complies with the TIA as then in
        effect.

       

      Section
        9.04. Revocation
        and Effect of Consents.

       

      Until
        an
        amendment, supplement or waiver becomes effective, a consent to it by a Holder
        is a continuing consent by the Holder of a Note and every subsequent Holder
        of a
        Note or portion thereof that evidences the same debt as the consenting Holder’s
        Note, even if notation of the consent is not made on any Note. However, any
        such
        Holder or subsequent Holder may revoke the consent as to its Note or portion
        thereof if the Trustee receives written notice of revocation before the date
        the
        waiver, supplement or amendment becomes effective. An amendment, supplement
        or
        waiver shall become effective in accordance with its terms and thereafter
        shall
        bind every Holder.

       

      Section
        9.05. Notation
        on or Exchange of Notes.

       

      The
        Trustee may place an appropriate notation about an amendment, supplement
        or
        waiver on any Note thereafter authenticated.  The Company in exchange for
        all Notes may issue and, upon receipt of an Authentication Order in accordance
        with Section 2.02 hereof, the Trustee shall authenticate new Notes that reflect
        the amendment, supplement or waiver.

       

      Failure
        to make the appropriate notation or issue a new Note shall not affect the
        validity and effect of such amendment, supplement or waiver.

       

      Section
        9.06. Trustee
        to Sign Amendments, etc.

       

      The
        Trustee shall sign any amended or supplemental indenture authorized pursuant
        to
        this Article 9 if the amendment or supplement does not adversely affect the
        rights, duties, liabilities or immunities of the Trustee.  The Company may
        not sign an amendment or supplemental indenture until its board of directors
        (or
        committee serving a similar function) approves it. In executing any amended
        or
        supplemental indenture, the Trustee shall be provided with and (subject to
        Section 7.01 hereof) shall be fully protected in relying upon an Officers’
Certificate and an Opinion of Counsel stating that the execution of such
        amended
        or supplemental indenture is authorized or permitted by this Indenture and
        that
        such amended or supplemental indenture is the legal, valid and binding
        obligations of the Company enforceable against it in accordance with its
        terms,
        subject to customary exceptions and that such amended or supplemental indenture
        complies with the provisions hereof (including Section 9.03).

       

      

      
        
          
            
            

          

          
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        ARTICLE
          10.

         

        

         

        SUBSIDIARY
          GUARANTEES

      

       

      Section
        10.01. Subsidiary
        Guarantee.

       

      Subject
        to this Article 10, the Guarantors hereby unconditionally guarantee to each
        Holder of a Note authenticated and delivered by the Trustee and to the Trustee
        and its successors and assigns: (a) the due and punctual payment of the
        principal of, premium, if any, and interest on the Notes, subject to any
        applicable grace period, whether at Stated Maturity, by acceleration, redemption
        or otherwise, the due and punctual payment of interest on the overdue principal
        of and premium, if any, and, to the extent permitted by law, interest, and
        the
        due and punctual performance of all other obligations of the Company to the
        Holders or the Trustee under this Indenture and the Notes, all in accordance
        with the terms hereof and thereof; and (b) in case of any extension of time
        of
        payment or renewal of any Notes or any of such other obligations, that same
        shall be promptly paid in full when due or performed in accordance with the
        terms of the extension or renewal, whether at Stated Maturity, by acceleration
        pursuant to Section 6.02, redemption or otherwise. Failing payment when due
        of
        any amount so guaranteed or any performance so guaranteed for whatever reason,
        the Guarantors shall be jointly and severally obligated to pay the same
        immediately. Each Guarantor agrees that this is a guarantee of payment and
        not a
        guarantee of collection.

       

      Each
        Guarantor hereby agrees that its obligations with regard to its Subsidiary
        Guarantee shall be joint and several, unconditional, irrespective of the
        validity or enforceability of the Notes or the obligations of the Company
        under
        this Indenture, the absence of any action to enforce the same, the recovery
        of
        any judgment against the Company or any other obligor with respect to this
        Indenture, the Notes or the Obligations of the Company under this Indenture
        or
        the Notes, any action to enforce the same or any other circumstances (other
        than
        complete performance) which might otherwise constitute a legal or equitable
        discharge or defense of a Guarantor. Each Guarantor further, to the extent
        permitted by law, waives and relinquishes all claims, rights and remedies
        accorded by applicable law to guarantors and agrees not to assert or take
        advantage of any such claims, rights or remedies, including but not limited
        to:
        (a) any right to require any of the Trustee, the Holders or the Company (each
        a
“Benefited
        Party”),
        as a
        condition of payment or performance by such Guarantor, to (1) proceed against
        the Company, any other guarantor (including any other Guarantor) of the
        Obligations under the Subsidiary Guarantees or any other Person, (2) proceed
        against or exhaust any security held from the Company, any such other guarantor
        or any other Person, (3) proceed against or have resort to any balance of
        any
        deposit account or credit on the books of any Benefited Party in favor of
        the
        Company or any other Person, or (4) pursue any other remedy in the power
        of any
        Benefited Party whatsoever; (b) any defense arising by reason of the incapacity,
        lack of authority or any disability or other defense of the Company including
        any defense based on or arising out of the lack of validity or the
        unenforceability of the Obligations under the Subsidiary Guarantees or any
        agreement or instrument relating thereto or by reason of the cessation of
        the
        liability of the Company from any cause other than payment in full of the
        Obligations under the Subsidiary Guarantees; (c) any defense based upon any
        statute or rule of law which provides that the obligation of a surety must
        be
        neither larger in amount nor in other respects more burdensome than that
        of the
        principal; (d) any defense based upon any Benefited Party’s errors or omissions
        in the administration of the Obligations under the Subsidiary Guarantees,
        except
        behavior which amounts to bad faith; (e)(1) any principles or provisions
        of law,
        statutory or otherwise, which are or might be in conflict with the terms
        of the
        Subsidiary Guarantees and any legal or equitable discharge of such Guarantor’s
        obligations hereunder, (2) the benefit of any statute of limitations affecting
        such Guarantor’s liability hereunder or the enforcement hereof, (3) any rights
        to set-offs, recoupments and counterclaims and (4) promptness, diligence
        and any
        requirement that any Benefited Party protect, secure, perfect or insure any
        security interest or lien or any property subject thereto; (f) notices, demands,
        presentations, protests, notices of protest, notices of dishonor and notices
        of
        any action or inaction, including acceptance of the Subsidiary Guarantees,
        notices of Default under the Notes or any agreement or instrument related
        thereto, notices of any renewal, extension or modification of the Obligations
        under the Subsidiary Guarantees or any agreement related thereto, and notices
        of
        any extension of credit to the Company and any right to consent to any thereof;
        (g) to the extent permitted under applicable law, the benefits of any “One
        Action” rule and (h) any defenses or benefits that may be derived from or
        afforded by law which limit the liability of or exonerate guarantors or
        sureties, or which may conflict with the terms of the Subsidiary Guarantees.
        Except to the extent expressly provided herein, including Sections 8.02,
        8.03
        and 10.05, each Guarantor hereby covenants that its Subsidiary Guarantee
        shall
        not be discharged except by complete performance of the obligations contained
        in
        its Subsidiary Guarantee and this Indenture.

       

      

      
        
          
            
            

          

          
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      If
        any
        Holder or the Trustee is required by any court or otherwise to return to
        the
        Company, the Guarantors or any custodian, trustee, liquidator or other similar
        official acting in relation to either the Company or the Guarantors, any
        amount
        paid by either to the Trustee or such Holder, this Subsidiary Guarantee,
        to the
        extent theretofore discharged, shall be reinstated in full force and
        effect.

       

      Each
        Guarantor agrees that it shall not be entitled to any right of subrogation
        in
        relation to the Holders in respect of any obligations guaranteed hereby until
        payment in full of all obligations guaranteed hereby. Each Guarantor further
        agrees that, as between the Guarantors, on the one hand, and the Holders
        and the
        Trustee, on the other hand, (x) the maturity of the obligations guaranteed
        hereby may be accelerated as provided in Section 6.02 hereof for the purposes
        of
        this Subsidiary Guarantee, notwithstanding any stay, injunction or other
        prohibition preventing such acceleration in respect of the obligations
        guaranteed hereby and (y) in the event of any declaration of acceleration
        of
        such obligations as provided in Section 6.02 hereof, such obligations (whether
        or not due and payable) shall forthwith become due and payable by the Guarantors
        for the purpose of this Subsidiary Guarantee. The Guarantors shall have the
        right to seek contribution from any non-paying Guarantor so long as the exercise
        of such right does not impair the rights of the Holders under the Subsidiary
        Guarantee.

       

      Section
        10.02. Limitation
        on Guarantor Liability.

       

      (a) Each
        Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that
        it
        is the intention of all such parties that the guarantee of such Guarantor
        not
        constitute a fraudulent transfer or conveyance for purposes of Bankruptcy
        Law,
        the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act
        or
        any similar federal or state law to the extent applicable to any guarantee.
        To
        effectuate the foregoing intention, the Trustee, the Holders and the Guarantors
        hereby irrevocably agree that each Guarantor’s liability shall be that amount
        from time to time equal to the aggregate liability of such Guarantor under
        the
        guarantee, but shall be limited to the lesser of (a) the aggregate amount
        of the Company’s obligations under the Notes and this Indenture or (b) the
        amount, if any, which would not have (1) rendered the Guarantor “insolvent”
(as such term is defined in the Federal Bankruptcy Code and in the Debtor
        and
        Creditor Law of the State of New York) or (2) left it with unreasonably
        small capital at the time its guarantee with respect to the Notes was entered
        into, after giving effect to the incurrence of existing Debt immediately
        before
        such time; provided,
        however,
        it
        shall be a presumption in any lawsuit or proceeding in which a Guarantor
        is a
        party that the amount guaranteed pursuant to the guarantee with respect to
        the
        Notes is the amount described in clause (a) above unless any creditor,
        or representative of creditors of the Guarantor, or debtor in possession
        or
        Trustee in bankruptcy of the Guarantor, otherwise proves in a lawsuit that
        the
        aggregate liability of the Guarantor is limited to the amount described in
        clause (b). 

       

      (b) In
        making
        any determination as to the solvency or sufficiency of capital of a Guarantor
        in
        accordance with the proviso of Section 10.02(a), the right of each Guarantor
        to
        contribution from other Guarantors and any other rights such Guarantor may
        have,
        contractual or otherwise, shall be taken into account.

       

      Section
        10.03. Execution
        and Delivery of Subsidiary Guarantee.

       

      To
        evidence its Subsidiary Guarantee set forth in Section 10.01, each Guarantor
        hereby agrees that a notation of such Subsidiary Guarantee in substantially
        the
        form included in Exhibit
        E
        attached hereto shall be endorsed by an Officer of such Guarantor on each
        Note
        authenticated and delivered by the Trustee and that this Indenture shall
        be
        executed on behalf of such Guarantor by its President or one of its Vice
        Presidents.

       

      Each
        Guarantor hereby agrees that its Subsidiary Guarantee set forth in Section
        10.01
        shall remain in full force and effect notwithstanding any failure to endorse
        on
        each Note a notation of such Subsidiary Guarantee.

       

      If
        an
        Officer whose signature is on this Indenture or on the Subsidiary Guarantee
        no
        longer holds that office at the time the Trustee authenticates the Note on
        which
        a Subsidiary Guarantee is endorsed, the Subsidiary Guarantee shall be valid
        nevertheless.

       

      The
        delivery of any Note by the Trustee, after the authentication thereof hereunder,
        shall constitute due delivery of the Subsidiary Guarantee set forth in this
        Indenture on behalf of the Guarantors.

       

      

      
        
          
            
            

          

          
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      The
        Company hereby agrees that it shall cause each Person that becomes obligated
        to
        provide a Subsidiary
        Guarantee
        pursuant to Section 4.19 to execute a supplemental indenture in form and
        substance reasonably satisfactory to the Trustee, pursuant to which such
        Person
        provides the guarantee set forth in this Article 10 and otherwise assumes
        the
        obligations and accepts the rights of a Guarantor under this Indenture, in
        each
        case with the same effect and to the same extent as if such Person had been
        named herein as a Guarantor. The Company also hereby agrees to cause each
        such
        new Guarantor to evidence its guarantee by endorsing a notation of such
Subsidiary
        Guarantee
        on each Note as provided in this Section 10.03.

       

      Section
        10.04. Guarantors
        May Consolidate, etc., on Certain Terms.

       

      Except
        as
        otherwise provided in Section 10.05, no Guarantor may consolidate with or
        merge
        with or into (whether or not such Guarantor is the Surviving Person) another
        Person whether or not affiliated with such Guarantor unless:

       

      (a) subject
        to Section 10.05, the Person formed by or surviving any such consolidation
        or
        merger (if other than a Guarantor or the Company) unconditionally assumes
        all
        the obligations of such Guarantor, pursuant to a supplemental indenture in
        form
        and substance reasonably satisfactory to the Trustee, under this Indenture
        and
        any Subsidiary Guarantee on the terms set forth herein; and

       

      (b) the
        Guarantor complies with the requirements of Article 5 hereof.

       

      In
        case
        of any such consolidation, merger, sale or conveyance and upon the assumption
        by
        the successor Person, by supplemental indenture, executed and delivered to
        the
        Trustee and satisfactory in form to the Trustee, of the Subsidiary Guarantee
        endorsed upon the Notes and the due and punctual performance of all of the
        covenants and conditions of this Indenture to be performed by the Guarantor,
        such successor Person shall succeed to and be substituted for the Guarantor
        with
        the same effect as if it had been named herein as a Guarantor. Such successor
        Person thereupon may cause to be signed any or all of the Subsidiary Guarantees
        to be endorsed upon all of the Notes issuable hereunder which theretofore
        shall
        not have been signed by the Company and delivered to the Trustee. All the
        Subsidiary Guarantees so issued shall in all respects have the same legal
        rank
        and benefit under this Indenture as the Subsidiary Guarantees theretofore
        and
        thereafter issued in accordance with the terms of this Indenture as though
        all
        of such Subsidiary Guarantees had been issued at the date of the execution
        hereof.

       

      Except
        as
        set forth in Articles 4 and 5, and notwithstanding clauses (a) and (b) above,
        nothing contained in this Indenture or in any of the Notes shall prevent
        any
        consolidation or merger of a Guarantor with or into the Company or another
        Guarantor, or shall prevent any sale or conveyance of the property of a
        Guarantor as an entirety or substantially as an entirety to the Company or
        another Guarantor.

       

      Section
        10.05. Releases
        Following Merger, Consolidation or Sale of Assets, Etc.

       

                 
In
        the event of a sale or other disposition of all or substantially all of the
        assets of any Guarantor, by way of merger, consolidation or otherwise, or
        a sale
        or other disposition of all of the Capital Stock of any Guarantor, in each
        case
        to a Person that is not (either before or after giving effect to such
        transactions) a Subsidiary of the Company, then such Guarantor (in the event
        of
        a sale or other disposition, by way of merger, consolidation or otherwise,
        of
        all of the Capital Stock of such Guarantor) or the corporation acquiring
        the
        property (in the event of a sale or other disposition of all or substantially
        all of the assets of such Guarantor) shall be released and relieved of any
        obligations under its Subsidiary Guarantee; provided
        that the
        net proceeds of such sale or other disposition shall be applied in accordance
        with the applicable provisions of this Indenture, including without limitation
        Section 4.12. If a Restricted Subsidiary is designated as an Unrestricted
        Subsidiary in accordance with the provisions of Section 4.17, such Subsidiary
        shall be released and relieved of any obligations under its Subsidiary
        Guarantee. Upon delivery by the Company to the Trustee of an Officers’
Certificate and an Opinion of Counsel to the effect that such sale or other
        disposition was made by the Company in accordance with the provisions of
        this
        Indenture, including without limitation Section 4.12, the Trustee shall execute
        any documents reasonably required in order to evidence the release of any
        Guarantor from its obligations under its Subsidiary Guarantee.

       

      

      
        
          
            
            

          

          
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      Any
        Guarantor not released from its obligations under its Subsidiary Guarantee
        shall
        remain liable for the full amount of principal of and interest on the Notes
        and
        for the other obligations of any Guarantor under this Indenture as provided
        in
        this Article 10.

       

      ARTICLE
        11.

       

      

       

      SATISFACTION
        AND DISCHARGE

       

      Section
        11.01. Satisfaction
        and Discharge.

       

      This
        Indenture shall be discharged and shall cease to be of further effect, except
        as
        to surviving rights of registration of transfer or exchange of the Notes,
        as to
        all Notes issued hereunder, when:

       

      (a) either:

       

      (i) all
        notes
        that have been authenticated, except lost, stolen or destroyed notes that
        have
        been replaced or paid and notes for whose payment money has been deposited
        in
        trust and thereafter repaid to the Company, have been delivered to the trustee
        for cancellation; or

       

      (ii) all
        notes
        that have not been delivered to the trustee for cancellation have become
        due and
        payable by reason of the mailing of a notice of redemption or otherwise or
        will
        become due and payable within one year, and the Company has irrevocably
        deposited or caused to be deposited with the Trustee as trust funds in trust
        solely for the benefit of the Holders, cash in U.S. dollars, non-callable
        U.S.
        Government Securities, or a combination of cash in U.S. dollars and non-callable
        U.S. Government Securities, in such amounts as will be sufficient without
        consideration of any reinvestment of interest, to pay and discharge the entire
        indebtedness on the Notes not delivered to the Trustee for cancellation for
        principal, premium and Additional Interest, if any, and accrued interest
        to the
        date of maturity or redemption;

       

      (b) no
        Default or Event of Default has occurred and is continuing on the date of
        the
        deposit or will occur as a result of the deposit and the deposit will not
        result
        in a breach or violation of, or constitute a default under, any other instrument
        to which the Company is a party or by which the Company is bound;

       

      (c) the
        Company has paid or caused to be paid all sums payable by it under this
        Indenture; and

       

      (d) the
        Company has delivered irrevocable instructions to the Trustee to apply the
        deposited money toward the payment of the Notes at maturity or the redemption
        date, as the case may be.

       

      Section
        11.02. Deposited
        Cash and U.S. Government Securities to be Held in Trust; Other Miscellaneous
        Provisions.

       

      Subject
        to Section 11.03, all cash and non-callable U.S. Government Securities
        (including the proceeds thereof) deposited with the Trustee (or other qualifying
        trustee, collectively for purposes of this Section 11.02, the “Trustee”)
        pursuant to Section 11.01 hereof in respect of the outstanding Notes shall
        be
        held in trust and applied by the Trustee, in accordance with the provisions
        of
        such Notes and this Indenture, to the payment, either directly or through
        any
        Paying Agent (including the Company acting as Paying Agent) as the Trustee
        may
        determine, to the Holders of such Notes of all sums due and to become due
        thereon in respect of principal, premium, if any, and interest but such cash
        and
        securities need not be segregated from other funds except to the extent required
        by law.

       

      

      
        
          
            
            

          

          
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        Section
          11.03. Repayment
          to Company.

         

      

      Any
        cash
        or non-callable U.S. Government Securities deposited with the Trustee or
        any
        Paying Agent, or then held by the Company, in trust for the payment of the
        principal of, premium, if any, or interest on, any Note and remaining unclaimed
        for two years after such principal, and premium, if any, or interest has
        become
        due and payable shall be paid to the Company on its request or (if then held
        by
        the Company) shall be discharged from such trust; and the Holder shall
        thereafter, as an unsecured creditor, look only to the Company for payment
        thereof, and all liability of the Trustee or such Paying Agent with respect
        to
        such cash and securities, and all liability of the Company as trustee thereof,
        shall thereupon cease; provided,
        however,
        that
        the Trustee or such Paying Agent, before being required to make any such
        repayment, may at the expense of the Company cause to be published once,
        in
The
        New York Times and
        The
        Wall Street Journal (national
        edition), notice that such cash and securities remains unclaimed and that,
        after
        a date specified therein, which shall not be less than 30 days from the date
        of
        such notification or publication, any unclaimed balance of such cash and
        securities then remaining shall be repaid to the Company.

       

      ARTICLE
        12.

       

      

       

      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
        provision required by the TIA shall control.

       

      Section
        12.02. Notices.

       

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

       

      If
        to the
        Company:

      

      Centene
        Corporation

      
        Centene
          Place       

      

      7711
        Carondelet Avenue

      St.
        Louis, MO 63105

      Attention:
        Chief Financial Officer

      Telecopier
        No.: (314) 725-5180

       

      If
        to the
        Trustee:

      

      The
        Bank
        of New York Trust Company, N.A.

      2
        North
        LaSalle Street, Suite 1020

      Chicago,
        Illinois 60602

      Attention:
        Corporate Trust Administration

      Telecopier
        No.:(312) 827-8542

      

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

       

      All
        notices and communications (other than those sent to the Trustee or Holders)
        shall be deemed to have been duly given: at the time delivered by hand, if
        personally delivered; five Business Days after being deposited in the mail,
        postage prepaid, if mailed; when receipt acknowledged, if sent by facsimile
        transmission; and the next Business Day after timely delivery to the courier,
        if
        sent by overnight air courier guaranteeing next-day delivery.
        All notices and communications to the Trustee or Holders shall be deemed
        duly
        given and effective only upon receipt.

       

      

      
        
          
            
            

          

          
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      Any
        notice or communication to a Holder shall be mailed by first class mail,
        certified or registered, return receipt requested, or by overnight air courier
        guaranteeing next-day delivery to its address shown on the Security
        Register.  Any notice or communication shall also be so mailed to any
        Person described in TIA § 313(c), to the extent required by the TIA.
        Failure to mail a notice or communication to a Holder or any defect in it
        shall
        not affect its sufficiency with respect to other Holders.

       

      If
        a
        notice or communication is mailed in the manner provided above within the
        time
        prescribed, it is duly given, whether or not the addressee receives
        it.

       

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

       

      Section
        12.03. Communication
        by Holders of Notes with Other Holders of Notes

       

      Holders
        may communicate pursuant to TIA §312(b) with other Holders with respect to their
        rights under this Indenture or the Notes.  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
        any provision of this Indenture, the Company shall furnish to the
        Trustee:

       

      (a) an
        Officers’ Certificate in form and substance reasonably satisfactory to the
        Trustee (which shall include the statements set forth in Section 12.05 hereof)
        stating that, in the opinion of the signers, all conditions precedent and
        covenants, if any, provided for in this Indenture relating to the proposed
        action have been complied with; and

       

      (b) an
        Opinion of Counsel in form and substance reasonably satisfactory to the Trustee
        (which shall include the statements set forth in Section 12.05 hereof) stating
        that, in the opinion of such counsel, all such conditions precedent and
        covenants have been complied with.

       

      Section
        12.05. Statements
        Required in Certificate or Opinion.

       

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

       

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

       

      (b) 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;

       

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

       

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

       

       

      

      
        
          
            
            

          

          
            75

            
              

            

          

          
            
            

          

        

      

      

      With
        respect to matters of fact, an Opinion of Counsel may rely on an Officers’
Certificate, certificates of public officials or reports or opinions of
        experts.

       

      Section
        12.06. Rules
        by Trustee and Agents.

       

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

       

      Section
        12.07. No
        Personal Liability of Directors, Officers, Employees and
        Stockholders.

       

      No
        past,
        present or future director, officer, employee, incorporator, stockholder,
        member, manager or partner of the Company or any Guarantor, as such, shall
        have
        any liability for any obligations of the Company or of the Guarantors under
        the
        Notes, this Indenture, the Subsidiary Guarantees, if any, or for any claim
        based
        on, in respect of, or by reason of, such obligations or their creation. Each
        Holder of Notes by accepting a Note waives and releases all such liability.
        The
        waiver and release are part of the consideration for issuance of the Notes.
        The
        waiver and release may not be effective to waive or release liabilities under
        the federal securities laws.

       

      Section
        12.08. Governing
        Law.

       

      THE
        INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE
        THIS
        INDENTURE AND THE NOTES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF
        CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
        JURISDICTION WOULD BE REQUIRED THEREBY.

       

      Section
        12.09. No
        Adverse Interpretation of Other Agreements.

       

      This
        Indenture may not be used to interpret any other indenture, loan or debt
        agreement of the Company or its Subsidiaries or of any other Person.  Any
        such indenture, loan or debt agreement may not be used to interpret this
        Indenture.

       

      Section
        12.10. Successors.

       

      All
        covenants and agreements of the Company in this Indenture and the Notes shall
        bind its successors.  All covenants and agreements of the Trustee in this
        Indenture shall bind its successors.

       

      Section
        12.11. Severability.

       

      In
        case
        any provision in this Indenture or in the Notes shall be invalid, illegal
        or
        unenforceable, the validity, legality and enforceability of the remaining
        provisions shall not in any way be affected or impaired thereby.

       

      Section
        12.12. Counterpart
        Originals.

       

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

       

      Section
        12.13. Table
        of Contents, Headings, etc.

       

      The
        Table
        of Contents, Cross-Reference Table and Headings in this Indenture have been
        inserted for convenience of reference only, are not to be considered a part
        of
        this Indenture and shall in no way modify or restrict any of the terms or
        provisions hereof.

       

      

      
        
          
            
            

          

          
            76

            
              

            

          

          
            
            

          

        

      

      

      Section
        12.14. Qualification
        of this
        Indenture.

       

      The
        Company shall qualify this Indenture under the TIA in accordance with the
        terms
        and conditions of any Registration Rights Agreement and shall pay all reasonable
        costs and expenses (including reasonable attorneys’ fees and expenses for the
        Company, the Trustee and the Holders) incurred in connection therewith,
        including, but not limited to, costs and expenses of qualification of this
        Indenture and the Notes and printing this Indenture and the Notes. The Trustee
        shall be provided with any such Officers’ Certificates, Opinions of Counsel or
        other documentation as it may reasonably request in connection with any such
        qualification of this Indenture under the TIA.

       

      Section
        12.15. Waiver
        of Jury Trial.

       

      EACH
        OF
        THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
        PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
        PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE
        TRANSACTION CONTEMPLATED HEREBY.

       

      Section
        12.16. Force
        Majeure.

       

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

       

      [Signatures
        on following page]

      

      

      
        
          
            
               

            

            
            

          

          
            77

            
              

            

          

          
            
            

            
            

          

        

      

       

      SIGNATURES

       

      
        	 	 	 
	 	 	 
	 	 	Company:
	 	 	CENTENE CORPORATION
	 	 
	 
 	 
 	 
 
	Dated as of March 22, 2007 	By:  	/s/ J. PER
                BRODIN
	 	
                

                Name: J. PER BRODIN
	 	Title: Senior Vice President and Chief Financial
                Officer

      

       

       

       

      
        
          	 	 	 
	 	 	 
	 	 	Trustee:
	 	 	THE BANK OF NEW YORK TRUST COMPANY, N.A.
	 	 
	 
 	 
 	 
 
	Dated as of March 22, 2007 	By:  	/s/ D. G. DONOVAN
	 	
                  

                  Name: D. G. DONOVAN
	 	Title: Vice President 

        

      

      

       

       

       

       

      

       

      

      
        
          
            
               

              SIGNATURE
                PAGE TO THE SENIOR NOTE INDENTURE

            

            
            

          

          
            78

            
              

            

          

          
            
            

            
            

          

        

      

      

      EXHIBIT
        A

      
        

        

      

       

      (Face
        of
        Note)

       

       

      71⁄4%
        SENIOR NOTES DUE 2014

       

       

      CUSIP
        _____________

      No.
        ___________                                                                                                     $
        ____________

      

      CENTENE
        CORPORATION

       

      promises
        to pay to CEDE & CO., INC. or registered assigns, the principal sum of
        _________________ Dollars ($______________) on April 1, 2014.

       

      Interest
        Payment Dates: April 1 and October 1, commencing [ ],
        20[    ].

       

      Record
        Dates:  March 15 and September 15.

       

      Dated:.

       

      

      
        
          
            
            

          

          
            A
              -
              1

            
              

            

          

          
            
            

          

        

      

      

      IN
        WITNESS WHEREOF, the Company has caused this Note to be signed manually or
        by
        facsimile by its duly authorized officer.

       

      
        	
              	 	CENTENE CORPORATION
	 	 
	 
 	 
 	 
 
	
              	By:  	 
	 	
                

                Name: 
	 	Title: 

       

      

      

      This
        is
        one of the [Global]

      Notes
        referred to in the

      within-mentioned
        Indenture:

      

      THE
        BANK
        OF NEW YORK TRUST COMPANY, N.A.

      as
        Trustee

      

      By:____________________________

      Authorized
        Signatory

      

      Dated
        March__, 2007

      

      

      
        
          
            
            

          

          
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      (Back
        of
        Note)

       

      71⁄4%
        Senior Notes due 2014

       

      [Insert
        the Global Note Legend, if applicable, pursuant to the terms of the
        Indenture]

       

      [Insert
        the Private Placement Legend, if applicable, pursuant to the terms of the
        Indenture]

      

      [Insert
        the following legend if the Notes are issued with original issue discount:
        FOR
        PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF
        1986,
        AS AMENDED, THIS NOTE IS BEING ISSUED WITH ORIGINAL ISSUE DISCOUNT: FOR EACH
        $1,000 PRINCIPAL AMOUNT OF THIS NOTE, THE ISSUE PRICE IS $[ ], THE AMOUNT
        OF
        ORIGINAL ISSUE DISCOUNT IS $[ ], THE ISSUE DATE IS [ ] AND THE YIELD TO MATURITY
        IS [ ]% PER ANNUM.]

      

      Capitalized
        terms used herein shall have the meanings assigned to them in the Indenture
        referred to below unless otherwise indicated.

       

      1. Interest.  Centene
        Corporation, a Delaware corporation (the “Company”),
        promises to pay interest on the principal amount of this Note at 71⁄4% per annum
        until maturity and shall pay Additional Interest, if any, as provided in
        Section
        5 of the Registration Rights Agreement.  The Company shall pay interest
        semi-annually on April 1 and October 1 of each year, or if any such day is
        not a
        Business Day, on the next succeeding Business Day (each an “Interest
        Payment Date”).
        Interest shall accrue from the most recent date to which interest has been
        paid
        on the Notes (or one or more Predecessor Notes) or, if no interest has been
        paid, from
        [                   ].
        The Company shall pay interest (including post-petition interest in any
        proceeding under any Bankruptcy Law) on overdue principal and premium, if
        any,
        from time to time at a rate that is 1% per annum in excess of the interest
        rate
        then in effect under the Indenture and this Note; it shall pay interest
        (including post-petition interest in any proceeding under any Bankruptcy
        Law) on
        overdue installments of interest and Additional Interest, if any (without
        regard
        to any applicable grace periods), from time to time at the same rate to the
        extent lawful.  Interest shall be computed on the basis of a 360-day year
        of twelve 30-day months.

       

      2. Method
        of Payment. 
        The Company shall pay interest on the Notes (except defaulted interest) to
        the
        Persons in whose name this Note (or one or more Predecessor Notes) is registered
        at the close of business on the March 15 or September 15 next preceding the
        Interest Payment Date, even if such Notes are cancelled after such record
        date
        and on or before such Interest Payment Date, except as provided in Section
        2.12
        of the Indenture with respect to defaulted interest.  The Notes shall be
        payable as to principal, premium, if any, and interest and Additional Interest,
        if any, at the office or agency of the Company maintained for such purpose,
        or,
        at the option of the Company, payment of interest may be made by check mailed
        to
        the Holders at their addresses set forth in the Security Register; provided,
        however,
        that
        payment by wire transfer of immediately available funds shall be required
        with
        respect to principal of and interest and Additional Interest, if any, and
        premium, if any, on, all Global Notes and all other Notes the Holders of
        which
        shall have provided wire transfer instructions to the Company or the Paying
        Agent. Such payment shall be in such coin or currency of the United States
        of
        America as at the time of payment is legal tender for payment of public and
        private debts.

       

      3. Paying
        Agent and Registrar.  Initially,
        The Bank of New York Trust Company, N.A., the Trustee under the Indenture,
        shall
        act as Paying Agent and Registrar.  The Company may change any Paying Agent
        or Registrar without notice to any Holder.  The Company or any of its
        Subsidiaries may act in any such capacity.

       

      4. Indenture.
        The
        Company issued the Notes under an Indenture dated as of March 22, 2007
        (“Indenture”)
        between the Company and the Trustee.  The terms of the Notes include those
        stated in the Indenture and those made part of the Indenture by reference
        to the
        Trust Indenture Act of 1939, as amended (15 U.S.
        Code §§ 77aaa-77bbbb).  The Notes are subject to all such terms,
        and Holders are referred to the Indenture and such Act for a statement of
        such
        terms.  To the extent any provision of this Note conflicts with the express
        provisions of the Indenture, the provisions of the Indenture shall govern
        and be
        controlling. The Notes are obligations of the Company unlimited in aggregate
        principal amount.

       

      

      
        
          
            
            

          

          
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              -
              3

            
              

            

          

          
            
            

          

        

      

      

      5. Optional
        Redemption.

       

      (a) Except
        as
        set forth in clauses (b) and (c) of this paragraph 5, the Notes shall not
        be
        redeemable at the option of the Company prior to April 1, 2011. Beginning
        on
        April 1, 2011, the Company may redeem all or a portion of the Notes, at once
        or
        over time, after giving the notice required pursuant to Section 3.03 of the
        Indenture, at the redemption prices (expressed as percentages of principal
        amount) set forth below, plus accrued and unpaid interest and Additional
        Interest on the Notes redeemed, to the applicable redemption date (subject
        to
        the right of Holders of record on the relevant Regular Record Date to receive
        interest due on the relevant Interest Payment Date), if redeemed during the
        twelve-month period commencing on April 1 of the years indicated
        below:

              

      
        	 Year	 	
                 Percentage

              
	 2011	 	 	103.625	%
	 2012	 	 	101.813	%
	 2013
                and thereafter	 	 	100.000	%

      

       

      
        (b) At
          any
          time prior to April 1, 2011, the Company may redeem all or any portion
          of the
          Notes, at once or over time, after giving the notice required pursuant
          to
          Section 3.03 of the Indenture, at a redemption price equal to the greater
          of:

      

       

      (i) 100%
        of
        the principal amount of the Notes to be redeemed; and

       

      (ii) the
        sum
        of the present values of (1) the redemption price of the Notes at April 1,
        2011
        (as set forth above) and (2) the remaining scheduled payments of interest
        from
        the redemption date through April 1, 2011, but excluding accrued and unpaid
        interest to the redemption date, discounted to the redemption date (assuming
        a
        360 day year consisting of twelve 30 day months) at the Treasury Yield
        (determined on the second Business Day immediately preceding the redemption
        date) plus 50 basis points;

       

      plus,
        in
        either case, accrued and unpaid interest, to the redemption date (subject
        to the
        right of Holders of record on the relevant Regular Record Date to receive
        interest due on the relevant Interest Payment Date).

       

      (c) At
        any
        time and from time to time prior to April 1, 2010, the Company may on one
        or
        more occasions redeem up to 35% of the aggregate principal amount of the
        Notes
        (including Additional Notes) issued under the Indenture at a redemption price
        (expressed as a percentage of principal amount) equal to 107.250% of the
        principal amount thereof, plus accrued and unpaid interest and Additional
        Interest to the redemption date (subject to the right of Holders of record
        on
        the relevant Regular Record Date to receive interest due on the relevant
        Interest Payment Date) with the net cash proceeds of any Equity Offerings
        by the
        Company; provided,
        however,
        that
        (i) at least 65% of the aggregate principal amount of the Notes initially
        issued
        under the Indenture (excluding Notes held by the Company and its Subsidiaries)
        remains outstanding immediately after giving effect to such redemption and
        (ii)
        any such redemption shall be made within 90 days of such Equity
        Offering.

       

      6. Mandatory
        Redemption.
        Except
        as set forth in Sections 4.12 and 4.17 of the Indenture, the Company shall
        not
        be required to make mandatory redemption or sinking fund payments with respect
        to the Notes.

       

      7. Repurchase
        at Option of Holder.

       

      (a)
        Upon the
        occurrence of a Change of Control, each Holder shall have the right to require
        the Company to repurchase all or any part (equal to $1,000 or an integral
        multiple of $1,000) of such Holder’s Notes (a “Change
        of Control Offer”)
        at a
        purchase price in cash equal to 101% of the aggregate principal amount of
        the
        Notes repurchased, plus accrued and unpaid interest and Additional Interest,
        if
        any, on the Notes repurchased to the purchase date (subject to the right
        of
        Holders of record on the relevant record date to receive interest to, but
        excluding, the Change of Control Payment Date).

       

      (b)
        If the
        Company or one of its Restricted Subsidiaries consummates any Asset Sales,
        they
        shall not be required to apply any Net Available Cash in accordance with
        the
        Indenture until the aggregate Excess Proceeds from

       

      

      
        
          
            
            

          

          
            A
              -
              4

            
              

            

          

          
            
            

          

        

      

      all
        Asset
        Sales following the date the Notes are first issued exceeds $10.0 million.
        Thereafter, the Company shall, after application of the additional aggregate
        $10.0 million of Excess Proceeds as provided in Section 4.12 of the Indenture,
        commence an offer for Notes pursuant to the Indenture by applying the Excess
        Proceeds (an “Asset
        Sale Offer”)
        pursuant to Section 4.12 of the Indenture to purchase the maximum principal
        amount of Notes (including any Additional Notes) that may be purchased out
        of
        the Excess Proceeds at an offer price in cash equal to 100% of the principal
        amount thereof plus accrued and unpaid interest and Additional Interest,
        if any,
        to the date fixed for the closing of such offer in accordance with the
        procedures set forth in the Indenture. To the extent that the aggregate amount
        of Notes tendered pursuant to an Asset Sale Offer is less than the Excess
        Proceeds, the Company (or such Restricted Subsidiary) may use such deficiency
        for any purpose not prohibited by the Indenture. If the aggregate principal
        amount of Notes and other pari
        passu
        indebtedness surrendered by Holders thereof exceeds the amount of Excess
        Proceeds, the Trustee shall select the Notes to be purchased on a pro
        rata
        basis.
        Holders of Notes that are the subject of an offer to purchase will receive
        an
        Asset Sale Offer from the Company prior to any related purchase date and
        may
        elect to have such Notes purchased by completing the form entitled “Option of
        Holder to Elect Purchase” on the reverse of the Notes.

       

      8. Notice
        of Redemption. 
        Notice of redemption shall be mailed at least 30 days but not more than 60
        days
        before the redemption date to each Holder whose Notes are to be redeemed
        at its
        registered address.  Notes in denominations larger than $1,000 may be
        redeemed in part but only in whole multiples of $1,000, unless all of the
        Notes
        held by a Holder are to be redeemed.  On and after the redemption date
        interest ceases to accrue on Notes or portions thereof called for
        redemption.

       

      9. Denominations,
        Transfer, Exchange. 
        The Notes are in registered form without coupons in denominations of $1,000
        and
        integral multiples of $1,000.  This Note shall represent the aggregate
        principal amount of outstanding Notes from time to time endorsed hereon and
        the
        aggregate principal amount of Notes represented hereby may from time to time
        be
        reduced or increased, as appropriate, to reflect exchanges and redemptions.
        The
        transfer of Notes may be registered and Notes may be exchanged as provided
        in
        the Indenture.  The Registrar and the Trustee may require a Holder, among
        other things, to furnish appropriate endorsements and transfer documents
        and the
        Company may require a Holder to pay any taxes and fees required by law or
        permitted by the Indenture.  The Company need not exchange or register the
        transfer of any Note or portion of a Note selected for redemption, except
        for
        the unredeemed portion of any Note being redeemed in part.  Also, the
        Company need not exchange or register the transfer of any Notes for a period
        of
        15 days before a selection of Notes to be redeemed or during the period between
        a record date and the corresponding Interest Payment Date.

       

      10. Persons
        Deemed Owners. 
        The registered Holder of a Note may be treated as its owner for all
        purposes.

       

      11. Amendment,
        Supplement and Waiver. 
        Subject to certain exceptions, the Company and the Trustee may amend or
        supplement the Indenture or the Notes with the consent of the Holders of
        a
        majority in principal amount of the then outstanding Notes, including Additional
        Notes, if any, voting as a single class (including consents obtained in
        connection with a purchase of or tender offer or exchange offer for the Notes),
        and, subject to Sections 6.04 and 6.07 of the Indenture, any existing Default
        or
        Event of Default (except a continuing Default or Event of Default in the
        payment
        of principal, premium, if any, interest or Additional Interest, if any, on
        the
        Notes) or compliance with any provision of the Indenture or the Notes (except
        for certain covenants and provisions of the Indenture which cannot be amended
        without the consent of each Holder) may be waived with the consent of the
        Holders of a majority in principal amount of the then outstanding Notes,
        including Additional Notes, if any, then outstanding voting as a single class
        (including consents obtained in connection with a purchase of or tender offer
        or
        exchange offer for the Notes). Without the consent of any Holder, the Company
        and the Trustee may amend or supplement the Indenture or the Notes to cure
        any
        ambiguity, defect or inconsistency; to provide for uncertificated notes in
        addition to or in place of certificated notes; to provide for the assumption
        of
        the Company’s obligations to holders of notes in the case of a merger or
        consolidation or sale of all or substantially all of the Company’s assets; to
        make any change that would provide any additional rights or benefits to the
        holders of notes or that does not adversely affect the legal rights under
        the
        Indenture of any such Holder; to provide for or confirm the issuance of
        additional notes otherwise permitted to be incurred by the Indenture; or
        to
        comply with the requirements of the Commission in order to effect or maintain
        the qualification of the Indenture under the TIA.

       

      

      
        
          
            
            

          

          
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        12. Defaults
          and Remedies. 
          Each of the following is an Event of Default under the Indenture: (a) failure
          to
          make the payment of any interest or Additional Interest on the Notes when
          the
          same becomes due and payable, and such failure continues for a period of
          30
          days; (b) failure to make the payment of any principal of, or premium,
          if any,
          on, any of the Notes when the same becomes due and payable at its Stated
          Maturity, upon acceleration, redemption, optional redemption, required
          repurchase or otherwise; (c) failure to comply with Section 5.01 of the
          Indenture; (d) failure by the Company or any of its Restricted Subsidiaries
          for
          30 days after notice to comply with the provisions described under Sections
          4.09, 4.10, 4.12 and 4.17 of the Indenture; (e) failure by the Company
          for 120
          days after notice to comply with the provisions described under Section
          4.03 of
          the Indenture; (f) failure by the Company or any of its Restricted Subsidiaries
          for 60 days after notice to comply with any of its other agreements in
          the
          Indenture or the Notes; default 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 of its Restricted
          Subsidiaries (or the payment of which is guaranteed by the Company or any
          of its
          Restricted Subsidiaries whether such Indebtedness or Guarantee now exists,
          or is
          created after the Issue Date, if that default: (a) is caused by a failure
          to pay
          principal of, or interest or premium, if any, on such Indebtedness prior
          to the
          expiration of the grace period provided in such Indebtedness on the date
          of such
          default (a “Payment Default”); or (b) results in the acceleration of such
          Indebtedness prior to its express maturity, and, in each case, the principal
          amount of any such Indebtedness, together with the principal amount of
          any other
          such Indebtedness under which there has been a Payment Default or the maturity
          of which has been so accelerated, aggregates $15.0 million or more; (g)
          failure
          by the Company or any of its Restricted Subsidiaries to pay final
          non-appealable judgments entered by a court or courts of competent jurisdiction
          aggregating
          in excess of $15.0 million, which judgments are not paid, discharged or
          stayed
          for a period of 60 days; certain events of bankruptcy, insolvency or
          reorganization affecting the Company or any of its Significant Subsidiaries;
          

      

       

      If
        any
        Event of Default occurs and is continuing, the Trustee or the Holders of
        at
        least 25% in principal amount of the then outstanding Notes may declare all
        the
        Notes to be due and payable. Notwithstanding the foregoing, in the case of
        an
        Event of Default arising from certain events of bankruptcy or insolvency
        described in the Indenture, all outstanding Notes shall become due and payable
        without further action or notice. Holders may not enforce the Indenture or
        the
        Notes except as provided in the Indenture. Subject to certain limitations,
        Holders of a majority in aggregate principal amount of the then outstanding
        Notes may direct the Trustee in its exercise of any trust or power. The Trustee
        may withhold from Holders notice of any continuing Default or Event of Default
        (except a Default or Event of Default relating to the payment of principal
        or
        interest or Additional Interest) if it determines that withholding notice
        is in
        their interest. The Holders of a majority in aggregate principal amount of
        the
        Notes then outstanding by notice to the Trustee may on behalf of the Holders
        of
        all of the Notes waive any existing Default or Event of Default and its
        consequences under the Indenture except a continuing Default or Event of
        Default
        in the payment of interest or Additional Interest on, or the principal of,
        the
        Notes. The Company is required to deliver to the Trustee annually a statement
        regarding compliance with the Indenture, and the Company is required upon
        becoming aware of any Default or Event of Default, to deliver to the Trustee
        a
        statement specifying such Default or Event of Default.

       

      13. Trustee
        Dealings with Company.
        Subject
        to certain limitations, the Trustee in its individual or any other capacity
        may
        become the owner or pledgee of Notes and may otherwise deal with the Company
        or
        any Affiliate of the Company with the same rights it would have if it were
        not
        Trustee.

       

      14. No
        Recourse Against Others. 
        No past, present or future director, officer, employee, incorporator or
        stockholder of the Company or of any Guarantor, as such, shall have any
        liability for any obligations of the Company or any Guarantor under the
        Indenture, the Notes, the Subsidiary Guarantees or for any claim based on,
        in
        respect of, or by reason of, such obligations or their creation.  Each
        Holder by accepting a Note waives and releases all such
        liability. 

       

      15. Authentication. 
        This Note shall not be valid until authenticated by the manual signature
        of the
        Trustee or an authenticating agent.

       

      16. Abbreviations. 
        Customary abbreviations may be used in the name of a Holder 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).

       

      

      
        
          
            
            

          

          
            A
              -
              6

            
              

            

          

          
            
            

          

        

      

      

      17. Additional
        Rights of Holders of Restricted Global Notes and Restricted Definitive
        Notes.
        In
        addition to the rights provided to Holders of Notes under the Indenture,
        Holders
        of Restricted Global Notes and Restricted Definitive Notes that are Initial
        Notes shall have all the rights set forth in the Registration Rights Agreement,
        dated as of March
        22,
        2007,
        between the Company and the parties named on the signature pages thereto
        or, in
        the case of Additional Notes, Holders of Restricted Global Notes and Restricted
        Definitive Notes shall have the rights set forth in one or more Registration
        Rights Agreement, if any, among the Company and the other parties thereto,
        relating to rights given by the Company to the purchasers of any Additional
        Notes.

       

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

       

      19. Governing
        Law.
        The
        internal law of the State of New York shall govern and be used to construe
        this
        Note without giving effect to applicable principals of conflicts of law to
        the
        extent that the application of the laws of another jurisdiction would be
        required thereby.

       

      The
        Company shall furnish to any Holder upon written request and without charge
        a
        copy of the Indenture. Requests may be made to:

       

      

       

      

      
        
          
            
            

          

          
            A
              -
              7

            
              

            

          

          
            
            

          

        

      

      

      Option
        of
        Holder to Elect Purchase

       

      If
        you
        want to elect to have this Note purchased by the Company pursuant to Section
        4.12 or 4.17 of the Indenture, check the box below:

       

      £
Section
        4.12

       

      £
        Section
        4.17

       

      If
        you
        want to elect to have only part of the Note purchased by the Company pursuant
        to
        Section 4.12 or Section 4.17 of the Indenture, state the amount you elect
        to
        have purchased: $_____________________

       

      Date:_______________________________ Your
        Signature:_______________________________

       

      (Sign
        exactly as your name appears on the Note)

       

      Tax
        Identification No.: 

       

      ____________________________________________

       

      SIGNATURE
        GUARANTEE:

       

       

       

      ____________________________________________

       

      

       

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

       

      

       

      

      
        
          
            
            

          

          
            A
              -
              8

            
              

            

          

          
            
            

          

        

      

      

      Assignment
        Form

       

      To
        assign
        this Note, fill in the form below: 

       

      (I)
        or
        (we) assign and transfer this Note to

       

       

        
          

        

      

      (Insert
        assignee’s social security or other tax I.D. no.)

       

      
        
 

      
        
 

      
        
 

      
        

      

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

      

      and
        irrevocably appoint
        _______________________________________________________________________

       

      as
        agent
        to transfer this Note on the books of the Company.  The agent may
        substitute another to act for him.

       

      
        
 

      
 

      Date:
        ______________

      Your
        Signature:__________________________________________

      (Sign
        exactly as your name appears on the face of this Note)

       

      Signature
        Guarantee: _____________________________________

       

      

       

      

      
        
          
            
               

              

            

            
            

          

          
            A
              -
              9

            
              

            

          

          
            
            

            
            

          

        

      

      

SCHEDULE
        OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

       

      The
        following exchanges of a part of this Global Note for an interest in another
        Global Note or for a Definitive Note, or exchanges of a part of another Global
        Note or Definitive Note for an interest in this Global Note, have been
        made:

       

      
        	
                Date
                  of Exchange

              	
                Amount
                  of

                decrease
                  in

                Principal
                  Amount

                of
                  this Global Note

              	
                Amount
                  of increase

                in
                  Principal Amount

                of
                  this Global Note

              	
                Principal
                  Amount

                of
                  this Global Note

                following
                  such

                decrease
                  (or

                increase)

              	
                Signature
                  of

                authorized
                  signatory

                of
                  Trustee or

                Note
                  Custodian

              
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

      

      

      

      

      
        
          
          

        

        
          A
            -
            10

          
            

          

        

        
          
          

        

      

       

      

      EXHIBIT
        B

       

      FORM
        OF CERTIFICATE OF TRANSFER

       

      Centene
        Corporation

      Centene
        Place

      7711
        Carondelet Avenue

      St.
        Louis, MO 63105

      Attention:
        Chief Financial Officer

       

      The
        Bank
        of New York Trust Company, N.A.

      2
        North
        LaSalle Street, Suite 1020

      Chicago,
        Illinois 60602

      Attention:
        Corporate Trust Administration

      Telecopier
        No.:(312) 827-8542

      

      

      Re:  71⁄4%
        Senior Notes due 2014

       

      Reference
        is hereby made to the Indenture, dated as of March 22, 2007 (the “Indenture”),
        among
        Centene Corporation, as issuer (the “Company”),
        the
        Guarantors party thereto and The Bank of New York Trust Company, N.A., as
        trustee. Capitalized terms used but not defined herein shall have the meanings
        given to them in the Indenture.

       

      ___________________,
        (the “Transferor”)
        owns
        and proposes to transfer the Note[s] or interest in such Note[s] specified
        in
        Annex A hereto, in the principal amount of $___________ in such Note[s] or
        interests (the “Transfer”),
        to
        ___________________________ (the “Transferee”),
        as
        further specified in Annex A hereto. In connection with the Transfer, the
        Transferor hereby certifies that:

       

      [CHECK
        ALL THAT APPLY]

       

      1.  £
Check
        if Transferee will take
        delivery of a beneficial interest in the 144A Global Note or a Definitive
        Note
        Pursuant to Rule 144A.
        The
        Transfer is being effected pursuant to and in accordance with Rule 144A under
        the United States Securities Act of 1933, as amended (the “Securities
        Act”),
        and,
        accordingly, the Transferor hereby further certifies that the beneficial
        interest or Definitive Note is being transferred to a Person that the Transferor
        reasonably believed and believes is purchasing the beneficial interest or
        Definitive Note for its own account, or for one or more accounts with respect
        to
        which such Person exercises sole investment discretion, and such Person and
        each
        such account is a “qualified institutional buyer” within the meaning of Rule
        144A in a transaction meeting the requirements of Rule 144A and such Transfer
        is
        in compliance with any applicable blue sky securities laws of any state of
        the
        United States. Upon consummation of the proposed Transfer in accordance with
        the
        terms of the Indenture, the transferred beneficial interest or Definitive
        Note
        will be subject to the restrictions on transfer enumerated in the Private
        Placement Legend printed on the 144A Global Note and/or the Definitive Note
        and
        in the Indenture and the Securities Act.

       

      2.  £
Check
        if Transferee will take delivery of a beneficial interest in the Regulation
        S
        Global Note or a Definitive Note pursuant to Regulation
        S.
        The
        Transfer is being effected pursuant to and in accordance with Rule 903 or
        Rule
        904 under the Securities Act and, accordingly, the Transferor hereby further
        certifies that (i) the Transfer is not being made to a Person in the United
        States and (x) at the time the buy order was originated, the Transferee was
        outside the United States or such Transferor and any Person acting on its
        behalf
        reasonably believed and believes that the Transferee was outside the United
        States or (y) the transaction was executed in, on or through the facilities
        of a
        designated offshore securities market and neither such Transferor nor any
        Person
        acting on its behalf knows that the transaction was prearranged with a buyer
        in
        the United States, (ii) no directed selling efforts have been made in
        contravention of the requirements of Rule 903(b) or Rule 904(a) of Regulation
        S
        under the Securities Act, (iii) the transaction is not part of a plan or
        scheme
        to evade the registration requirements of the Securities Act and (iv) if
        the
        proposed transfer is being made prior to the expiration of the

       

      

      
        
          
            
            

          

          
            B
              -
              1

            
              

            

          

          
            
            

          

        

      

       

      Distribution
        Compliance Period, the transfer is not being made to a U.S. Person or for
        the
        account or benefit of a U.S. Person (other than an Initial Purchaser). Upon
        consummation of the proposed transfer in accordance with the terms of the
        Indenture, the transferred beneficial interest or Definitive Note will be
        subject to the restrictions on Transfer enumerated in the Private Placement
        Legend printed on the Regulation S Global Note, the Regulation S Temporary
        Global Note and/or the Definitive Note and in the Indenture and the Securities
        Act.

       

      3.  £
Check
        and complete if Transferee will take delivery of a beneficial interest in
        the
        IAI Global Note or a Definitive Note pursuant to any provision of the Securities
        Act other than Rule 144A or Regulation S.
        The
        Transfer is being effected in compliance with the transfer restrictions
        applicable to beneficial interests in Restricted Global Notes and Restricted
        Definitive Notes and pursuant to and in accordance with the Securities Act
        and
        any applicable blue sky securities laws of any state of the United States,
        and
        accordingly the Transferor hereby further certifies that (check
        one):

       

      (a) £
such
        Transfer is being effected
        pursuant to and in accordance with Rule 144 under the Securities
        Act;

       

      or

       

      (b) £
such
        Transfer is being effected to the
        Company or a subsidiary thereof;

       

      or

       

      (c) £
such
        Transfer is being effected
        pursuant to an effective registration statement under the Securities Act
        and in
        compliance with the prospectus delivery requirements of the Securities
        Act;

       

      or

       

      (d) £
such
        Transfer is being effected to an
        Institutional Accredited Investor and pursuant to an exemption from the
        registration requirements of the Securities Act other than Rule 144A, Rule
        144
        or Rule 904, and the Transferor hereby further certifies that it has not
        engaged
        in any general solicitation within the meaning of Regulation D under the
        Securities Act and the Transfer complies with the transfer restrictions
        applicable to beneficial interests in a Restricted Global Note or Restricted
        Definitive Notes and the requirements of the exemption claimed, which
        certification is supported by (1) a certificate executed by the Transferee
        in
        the form of Exhibit D to the Indenture and (2) if such Transfer is in respect
        of
        a principal amount of Notes at the time of transfer of less than $250,000,
        an
        Opinion of Counsel provided by the Transferor or the Transferee (a copy of
        which
        the Transferor has attached to this certification), to the effect that such
        Transfer is in compliance with the Securities Act. Upon consummation of the
        proposed transfer in accordance with the terms of the Indenture, the transferred
        beneficial interest or Definitive Note will be subject to the restrictions
        on
        transfer enumerated in the Private Placement Legend printed on the IAI Global
        Note and/or the Definitive Notes and in the Indenture and the Securities
        Act.

       

      

      
        
          
            
            

          

          
            B
              -
              2

            
              

            

          

          
            
            

          

        

      

       

       

               4. £
Check
        if Transferee will take delivery
        of a beneficial interest in an Unrestricted Global Note or of an Unrestricted
        Definitive Note.

       

      (a)  £
Check
        if Transfer is pursuant to Rule
        144.
        (i) The
        Transfer is being effected pursuant to and in accordance with Rule 144 under
        the
        Securities Act and in compliance with the transfer restrictions contained
        in the
        Indenture and any applicable blue sky securities laws of any state of the
        United
        States and (ii) the restrictions on transfer contained in the Indenture and
        the
        Private Placement Legend are not required in order to maintain compliance
        with
        the Securities Act. Upon consummation of the proposed Transfer in accordance
        with the terms of the Indenture, the transferred beneficial interest or
        Definitive Note will no longer be subject to the restrictions on transfer
        enumerated in the Private Placement Legend printed on the Restricted Global
        Notes, on Restricted Definitive Notes and in the Indenture.

       

      (b)  £
Check
        if Transfer is Pursuant to
        Regulation S.
        (i) The
        Transfer is being effected pursuant to and in accordance with Rule 903 or
        Rule
        904 under the Securities Act and in compliance with the transfer restrictions
        contained in the Indenture and any applicable blue sky securities laws of
        any
        state of the United States and (ii) the restrictions on transfer contained
        in
        the Indenture and the Private Placement Legend are not required in order
        to
        maintain compliance with the Securities Act. Upon consummation of the proposed
        Transfer in accordance with the terms of the Indenture, the transferred
        beneficial interest or Definitive Note will no longer be subject to the
        restrictions on transfer enumerated in the Private Placement Legend printed
        on
        the Restricted Global Notes, on Restricted Definitive Notes and in the
        Indenture.

       

      (c)  £
Check
        if Transfer is Pursuant to Other
        Exemption.
        (i) The
        Transfer is being effected pursuant to and in compliance with an exemption
        from
        the registration requirements of the Securities Act other than Rule 144,
        Rule
        903 or Rule 904 and in compliance with the transfer restrictions contained
        in
        the Indenture and any applicable blue sky securities laws of any State of
        the
        United States and (ii) the restrictions on transfer contained in the Indenture
        and the Private Placement Legend are not required in order to maintain
        compliance with the Securities Act. Upon consummation of the proposed Transfer
        in accordance with the terms of the Indenture, the transferred beneficial
        interest or Definitive Note will not be subject to the restrictions on transfer
        enumerated in the Private Placement Legend printed on the Restricted Global
        Notes or Restricted Definitive Notes and in the Indenture.

       

      This
        certificate and the statements contained herein are made for your benefit
        and
        the benefit of the Company.

       

       

      
        	 	 	[Insert
                Name of Transferor] 
	 
 	 
 	 
 
	 	By:  	 
	 	
                

                Name:
	 	Title:
	 	Dated:

      

       

       

      

      
        
          
            
            

          

          
            B
              -
              3

            
              

            

          

          
            
            

          

        

      

      
        
 

      

      ANNEX
        A
        TO CERTIFICATE OF TRANSFER

       

      1. The
        Transferor owns and proposes to transfer the following:

       

      [CHECK
        ONE OF (a) OR (b)]

       

       

      
             (a)
£
          a beneficial interest in the:

      

       

          (i)  
         £
        144A Global Note (CUSIP _________), or

       

          (ii)  
        £
        Regulation S Global Note (CUSIP _________), or

       

          (iii) £
        IAI Global Note (CUSIP _________); or

       

      (b) £  
        a
        Restricted Definitive Note.

       

      2. After
        the
        Transfer the Transferee will hold:

       

      [CHECK
        ONE OF (a), (b) OR (c)]

       

      (a)
£
        a beneficial interest in the:

       

          (i)   
        £ 144A Global Note (CUSIP
        _________), or

       

          (ii)   £
Regulation
        S Global Note (CUSIP
        _________), or

       

          (iii) £
IAI
        Global Note (CUSIP _________);
        or

       

          (iv) £
Unrestricted
        Global Note (CUSIP
        _________); or

       

      (b) £
a
        Restricted Definitive Note;
        or

       

      (c) £
an
        Unrestricted Definitive
        Note,

       

      in
        accordance with the terms of the Indenture.

       

      

       

      
        
          
          

        

        
          B
            -
            4

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
        C

       

      FORM
        OF CERTIFICATE OF EXCHANGE

       

      Centene
        Corporation

      Centene
        Place

      7711
        Carondelet Avenue

      St.
        Louis, MO 63105

      Attention:
        Chief Financial Officer

       

      The
        Bank
        of New York Trust Company, N.A.

      2
        North
        LaSalle Street, Suite 1020

      Chicago,
        Illinois 60602

      Attention:
        Corporate Trust Administration

      Telecopier
        No.:(312) 827-8542

      

      Re:  71⁄4%
        Senior Notes due 2014

       

      Reference
        is hereby made to the Indenture, dated as of March 22, 2007 (the “Indenture”),
        among
        Centene Corporation, as issuer (the “Company”),
        the
        Guarantors party thereto and The Bank of New York Trust Company, N.A., as
        trustee. Capitalized terms used but not defined herein shall have the meanings
        given to them in the Indenture.

       

      __________________________,
        (the “Owner”)
        owns
        and proposes to exchange the Note[s] or interest in such Note[s] specified
        herein, in the principal amount of $____________ in such Note[s] or interests
        (the “Exchange”).
        In
        connection with the Exchange, the Owner hereby certifies that:

       

      1. Exchange
        of Restricted Definitive Notes or Beneficial Interests in a Restricted Global
        Note for Unrestricted Definitive Notes or Beneficial Interests in an
        Unrestricted Global Note

       

      (a)  £
Check
        if Exchange is from beneficial interest in a Restricted Global Note to
        beneficial interest in an Unrestricted Global Note.
        In
        connection with the Exchange of the Owner’s beneficial interest in a Restricted
        Global Note for a beneficial interest in an Unrestricted Global Note in an
        equal
        principal amount, the Owner hereby certifies (i) the beneficial interest
        is
        being acquired for the Owner’s own account without transfer, (ii) such Exchange
        has been effected in compliance with the transfer restrictions applicable
        to the
        Restricted Global Note and pursuant to and in accordance with the United
        States
        Securities Act of 1933, as amended (the “Securities
        Act”),
        (iii)
        the restrictions on transfer contained in the Indenture and the Private
        Placement Legend are not required in order to maintain compliance with the
        Securities Act and (iv) the beneficial interest in an Unrestricted Global
        Note
        is being acquired in compliance with any applicable blue sky securities laws
        of
        any state of the United States.

       

      (b) £
Check
        if Exchange is from beneficial
        interest in a Restricted Global Note to Unrestricted Definitive
        Note.
        In
        connection with the Exchange of the Owner’s beneficial interest in a Restricted
        Global Note for an Unrestricted Definitive Note, the Owner hereby certifies
        (i)
        the Unrestricted Definitive Note is being acquired for the Owner’s own account
        without transfer, (ii) such Exchange has been effected in compliance with
        the
        transfer restrictions applicable to the Restricted Global Note and pursuant
        to
        and in accordance with the Securities Act, (iii) the restrictions on transfer
        contained in the Indenture and the Private Placement Legend are not required
        in
        order to maintain compliance with the Securities Act and (iv) the Unrestricted
        Definitive Note is being acquired in compliance with any applicable blue
        sky
        securities laws of any state of the United States.

       

      (c) £
Check
        if Exchange is from Restricted
        Definitive Note to beneficial interest in an Unrestricted Global
        Note.
        In
        connection with the Owner’s Exchange of a Restricted Definitive Note for a
        beneficial interest in an Unrestricted Global Note, the Owner hereby certifies
        (i) the beneficial interest is being acquired for the Owner’s own account
        without transfer, (ii) such Exchange has been effected in compliance with
        the
        transfer restrictions applicable to Restricted Definitive Notes and pursuant
        to
        and in accordance with the Securities Act, (iii) the restrictions on transfer
        contained in the Indenture and the Private Placement Legend are not required
        in
        order to maintain compliance with the Securities Act and (iv) the beneficial
        interest is being acquired in compliance with any applicable blue sky securities
        laws of any state of the United States.

       

      (d)  £
Check
        if Exchange is from Restricted
        Definitive Note to Unrestricted Definitive Note.
        In
        connection with the Owner’s Exchange of a Restricted Definitive Note for an
        Unrestricted Definitive Note, the

       

      

      
        
          
            
            

          

          
            C
              -
              1

            
              

            

          

          
            
            

          

        

      

      

      Owner
        hereby certifies (i) the Unrestricted Definitive Note is being acquired for
        the
        Owner’s own account without transfer, (ii) such Exchange has been effected in
        compliance with the transfer restrictions applicable to Restricted Definitive
        Notes and pursuant to and in accordance with the Securities Act, (iii) the
        restrictions on transfer contained in the Indenture and the Private Placement
        Legend are not required in order to maintain compliance with the Securities
        Act
        and (iv) the Unrestricted Definitive Note is being acquired in compliance
        with
        any applicable blue sky securities laws of any state of the United
        States.

       

      2. Exchange
        of Restricted Definitive Notes or Beneficial Interests in Restricted Global
        Notes for Restricted Definitive Notes or Beneficial Interests in Restricted
        Global Notes

       

      (a) £
Check
        if Exchange is from beneficial
        interest in a Restricted Global Note to Restricted Definitive
        Note.
        In
        connection with the Exchange of the Owner’s beneficial interest in a Restricted
        Global Note for a Restricted Definitive Note with an equal principal amount,
        the
        Owner hereby certifies that the Restricted Definitive Note is being acquired
        for
        the Owner’s own account without transfer. Upon consummation of the proposed
        Exchange in accordance with the terms of the Indenture, the Restricted
        Definitive Note issued will continue to be subject to the restrictions on
        transfer enumerated in the Private Placement Legend printed on the Restricted
        Definitive Note and in the Indenture and the Securities Act.

       

      (b)  £
Check
        if Exchange is from Restricted Definitive Note to beneficial interest in
        a
        Restricted Global Note.
        In
        connection with the Exchange of the Owner’s Restricted Definitive Note for a
        beneficial interest in the [CIRCLE ONE] 144A Global Note, Regulation S Global
        Note, IAI Global Note with an equal principal amount, the Owner hereby certifies
        (i) the beneficial interest is being acquired for the Owner’s own account
        without transfer and (ii) such Exchange has been effected in compliance
        with the transfer restrictions applicable to the Restricted Definitive Note
        and
        pursuant to and in accordance with the Securities Act, and in compliance
        with
        any applicable blue sky securities laws of any state of the United States.
        Upon
        consummation of the proposed Exchange in accordance with the terms of the
        Indenture, the beneficial interest issued will be subject to the restrictions
        on
        transfer enumerated in the Private Placement Legend printed on the relevant
        Restricted Global Note and in the Indenture and the Securities Act.

       

      

      
        
          
            
            

          

          
            C
              -
              2

            
              

            

          

          
            
            

          

        

      

      

      This
        certificate and the statements contained herein are made for your benefit
        and
        the benefit of the Company.

       

      
         

         

        
          	 	 	[Insert
                  Name of Transferor] 
	 
 	 
 	 
 
	 	By:  	 
	 	
                  

                  Name:
	 	Title:
	 	Dated:

        

         

         

      

       

      
        
          
          

        

        
          C
            -
            3

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
        D

       

      FORM
        OF CERTIFICATE FROM

       

      ACQUIRING
        INSTITUTIONAL ACCREDITED INVESTOR

       

      Centene
        Corporation

      Centene
        Place

      7711
        Carondelet Avenue

      St.
        Louis, MO 63105

      Attention:
        Chief Financial Officer

       

      The
        Bank
        of New York Trust Company, N.A.

      2
        North
        LaSalle Street, Suite 1020

      Chicago,
        Illinois 60602

      Attention:
        Corporate Trust Administration

      Telecopier
        No.:(312) 827-8542

      

      Re:  71⁄4%
        Senior Notes due 2014

       

      Reference
        is hereby made to the Indenture, dated as of March 22, 2007 (the “Indenture”),
        among
        Centene Corporation, as issuer (the “Company”),
        the
        Guarantors party thereto and The Bank of New York Trust Company, N.A., as
        trustee. Capitalized terms used but not defined herein shall have the meanings
        given to them in the Indenture.

       

      In
        connection with our proposed purchase of $____________ aggregate principal
        amount of:

       

      (a) £
a
        beneficial interest in a Global
        Note, or

       

      (b) £
a
        Definitive Note,

       

      we
        confirm that:

       

      1. We
        understand that any subsequent transfer of the Notes or any interest therein
        is
        subject to certain restrictions and conditions set forth in the Indenture
        and
        the undersigned agrees to be bound by, and not to resell, pledge or otherwise
        transfer the Notes or any interest therein except in compliance with, such
        restrictions and conditions and the United States Securities Act of 1933,
        as
        amended (the “Securities
        Act”).

       

      2. We
        understand that the offer and sale of the Notes have not been registered
        under
        the Securities Act, and that the Notes and any interest therein may not be
        offered or sold except as permitted in the following sentence. We agree,
        on our
        own behalf and on behalf of any accounts for which we are acting as hereinafter
        stated, that if we should sell the Notes or any interest therein, we will
        do so
        only (A) to the Company or any subsidiary thereof, (B) in accordance
        with Rule 144A under the Securities Act to a “qualified institutional buyer” (as
        defined therein), (C) to an institutional “accredited investor” (as defined
        below) that, prior to such transfer, furnishes (or has furnished on its behalf
        by a U.S. broker-dealer) to you and to the Company a signed letter substantially
        in the form of this letter and, if such transfer is in respect of a principal
        amount of Notes, at the time of transfer of less than $250,000, an Opinion
        of
        Counsel in form reasonably acceptable to the Company to the effect that such
        transfer is in compliance with the Securities Act, (D) outside the United
        States in accordance with Rule 904 of Regulation S under the Securities Act,
        (E) pursuant to the provisions of Rule 144(k) under the Securities Act or
        (F) pursuant to an effective registration statement under the Securities
        Act, and we further agree to provide to any Person purchasing the Definitive
        Note or beneficial interest in a Global Note from us in a transaction meeting
        the requirements of clauses (A) through (E) of this paragraph a notice advising
        such purchaser that resales thereof are restricted as stated
        herein.

       

      3. We
        understand that, on any proposed resale of the Notes or beneficial interest
        therein, we will be required to furnish to you and the Company such
        certifications, legal opinions and other information as you and the Company
        may
        reasonably require to confirm that the proposed sale complies with the foregoing
        restrictions. We further understand that the Notes purchased by us will bear
        a
        legend to the foregoing effect.

       

      4. We
        are an
        institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or
        (7) of Regulation D under the Securities Act) and have such knowledge and
        experience in financial and business matters as to be capable of evaluating
        the
        merits and risks of our investment in the Notes, and we and any accounts
        for

       

      

      
        
          
            
            

          

          
            D
              -
              1

            
              

            

          

          
            
            

          

        

      

      which
        we
        are acting are each able to bear the economic risk of our or its investment.
        We
        have had access to such financial and other information and have been afforded
        the opportunity to ask such questions of representatives of the Company and
        receive answers thereto, as we deem necessary in connection with our decision
        to
        purchase the Notes.

       

      5. We
        are
        acquiring the Notes or beneficial interest therein purchased by us for our
        own
        account or for one or more accounts (each of which is an institutional
“accredited investor”) as to each of which we exercise sole investment
        discretion and are not acquiring the Notes with a view to any distribution
        thereof in a transaction that would violate the Securities Act of the securities
        laws of any state of the United States or any other applicable
        jurisdiction.

       

      You
        and
        the Company are entitled to rely upon this letter and are irrevocably authorized
        to produce this letter or a copy hereof to any interested party in any
        administrative or legal proceedings or official inquiry with respect to the
        matters covered hereby. This letter shall be governed by, and construed in
        accordance with, the laws of the State of New York.

       

      
         

        
          	 	 	[Insert
                  Name of Accredited Investor] 
	 
 	 
 	 
 
	 	By:  	 
	 	
                  

                  Name:
	 	Title:
	 	Dated:

        

         

         

        
          
            
            

          

          
            D
              -
              2

            
              

            

          

          
            
            

          

        

        
 

      

      EXHIBIT
        E

       

      FORM
        OF NOTATION OF GUARANTEE

       

      For
        value
        received, each Guarantor (which term includes any successor Person under
        the
        Indenture), jointly and severally, unconditionally guarantees, to the extent
        set
        forth in the Indenture and subject to the provisions in the Indenture, dated
        as
        of March 22,, 2007 (the “Indenture”),
        among
        Centene Corporation, as issuer (the “Company”),
        the
        Guarantors listed on the signature pages thereto and The Bank of New York
        Trust
        Company, N.A., as trustee (the “Trustee”),
        (a)
        the due and punctual payment of the principal of, premium, if any, and interest
        and Additional Interest, if any, on the Notes, whether at maturity, by
        acceleration, redemption or otherwise, the due and punctual payment of interest
        on overdue principal and premium, if any, and, to the extent permitted by
        law,
        interest and Additional Interest, if any, and the due and punctual performance
        of all other obligations of the Company to the Holders or the Trustee all
        in
        accordance with the terms of the Indenture and (b) in case of any extension
        of
        time of payment or renewal of any Notes or any of such other obligations,
        that
        the same will be promptly paid in full when due or performed in accordance
        with
        the terms of the extension or renewal, whether at stated maturity, by
        acceleration or otherwise. The obligations of the Guarantors to the Holders
        of
        Notes and to the Trustee pursuant to the Subsidiary Guarantee and the Indenture
        are expressly set forth in Article 10 of the Indenture and reference is hereby
        made to the Indenture for the precise terms of the Guarantee. This Subsidiary
        Guarantee is subject to release as and to the extent set forth in Sections
        8.02,
        8.03 and 10.05 of the Indenture. Each Holder of a Note, by accepting the
        same
        agrees to and shall be bound by such provisions. Capitalized terms used herein
        and not defined are used herein as so defined in the Indenture.

       

      
         

        
          	 	 	[NAME
                  OF GUARANTORS] 
	 
 	 
 	 
 
	 	By:  	 
	 	
                  

                  Name:
	 	Title:
	 	 

        

         

         

      

       

      

      
        
          
            
               

            

            
            

          

          
            E
              -
              1

            
              

            

          

          
            
            

            
            

          

        

      

    

     

     

    

      
        	
                  TABLE
                  OF CONTENTS

                 

              
	 	 	 Page
	
                ARTICLE
                  1.

              	
                DEFINITIONS
                  AND INCORPORATION BY REFERENCE

              	
                1

              
	 	
                Section
                  1.01.

              	
                Definitions

              	
                1

              
	 	
                Section
                  1.02.

              	
                Other
                  Definitions

              	
                18

              
	 	
                Section
                  1.03.

              	
                Incorporation
                  by Reference of Trust Indenture Act

              	
                19

              
	 	
                Section
                  1.04.

              	
                Rules
                  of Construction

              	
                19

              
	
                ARTICLE
                  2.

              	
                THE
                  NOTES

              	
                20

              
	 	
                Section
                  2.01.

              	
                Form
                  and Dating

              	
                20

              
	 	
                Section
                  2.02.

              	
                Execution
                  and Authentication

              	
                21

              
	 	
                Section
                  2.03.

              	
                Registrar
                  and Paying Agent

              	
                21

              
	 	
                Section
                  2.04.

              	
                Paying
                  Agent to Hold Money in Trust

              	
                22

              
	 	
                Section
                  2.05.

              	
                Holder
                  Lists

              	
                22

              
	 	
                Section
                  2.06.

              	
                Transfer
                  and Exchange

              	
                22

              
	 	
                Section
                  2.07.

              	
                Replacement
                  Notes

              	
                33

              
	 	
                Section
                  2.08.

              	
                Outstanding
                  Notes

              	
                33

              
	 	
                Section
                  2.09.

              	
                Treasury
                  Notes

              	
                34

              
	 	
                Section
                  2.10.

              	
                Temporary
                  Notes

              	
                34

              
	 	
                Section
                  2.11.

              	
                Cancellation

              	
                34

              
	 	
                Section
                  2.12.

              	
                Payment
                  of Interest; Defaulted Interest.

              	
                34

              
	 	
                Section
                  2.13.

              	
                CUSIP
                  or ISIN Numbers

              	
                34

              
	 	
                Section
                  2.14.

              	
                Additional
                  Interest

              	
                35

              
	 	
                Section
                  2.15.

              	
                Additional
                  Notes

              	
                35

              
	 	
                Section
                  2.16.

              	
                Record
                  Date

              	
                35

              
	
                ARTICLE
                  3.

              	
                REDEMPTION
                  AND PREPAYMENT

              	
                35

              
	 	
                Section
                  3.01.

              	
                Notices
                  to Trustee

              	
                35

              
	 	
                Section
                  3.02.

              	
                Selection
                  of Notes to Be Redeemed

              	
                36

              
	 	
                Section
                  3.03.

              	
                Notice
                  of Redemption

              	
                36

              
	 	
                Section
                  3.04.

              	
                Effect
                  of Notice of Redemption

              	
                37

              
	 	
                Section
                  3.05.

              	
                Deposit
                  of Redemption Price

              	
                37

              
	 	
                Section
                  3.06.

              	
                Notes
                  Redeemed in Part

              	
                37

              
	 	
                Section
                  3.07.

              	
                Optional
                  Redemption

              	
                37

              
	 	
                Section
                  3.08.

              	
                Mandatory
                  Redemption

              	
                38

              
	 	
                Section
                  3.09.

              	
                Offer
                  To Purchase.

              	
                38

              
	
                ARTICLE
                  4.

              	
                COVENANTS

              	 	
                40

              
	 	
                Section
                  4.01.

              	
                Payment
                  of Notes

              	
                40

              
	 	
                Section
                  4.02.

              	
                Maintenance
                  of Office or Agency

              	
                41

              
	 	
                Section
                  4.03.

              	
                Reports

              	
                41

              
	 	
                Section
                  4.04.

              	
                Compliance
                  Certificate

              	
                42

              
	 	
                Section
                  4.05.

              	
                Taxes

              	
                42

              
	 	
                Section
                  4.06.

              	
                Stay,
                  Extension and Usury Laws

              	
                42

              
	 	
                Section
                  4.07.

              	
                Corporate
                  Existence

              	
                43

              
	 	
                Section
                  4.08.

              	
                Payments
                  for Consent

              	
                43

              
	 	
                Section
                  4.09.

              	
                Incurrence
                  of Additional Debt and Issuance of Preferred Stock.

              	
                43

              
	 	
                Section
                  4.10.

              	
                Restricted
                  Payments

              	
                45

              
	 	
                Section
                  4.11.

              	
                Liens

              	
                47

              
	 	
                Section
                  4.12.

              	
                Asset
                  Sales

              	
                48

              
	 	
                Section
                  4.13.

              	
                Restrictions
                  on Distributions from Restricted Subsidiaries

              	
                49

              
	 	
                Section
                  4.14.

              	
                Affiliate
                  Transactions

              	
                50

              
	 	
                Section
                  4.15.

              	
                Sale
                  and Leaseback Transactions

              	
                51

              
	 	
                Section
                  4.16.

              	
                Designation
                  of Restricted and Unrestricted Subsidiaries

              	
                51

              
	 	
                Section
                  4.17.

              	
                Repurchase
                  at the Option of Holders Upon a Change of Control

              	
                52

              
	 	
                Section
                  4.18.

              	
                Business
                  Activities

              	
                52

              
	 	
                Section
                  4.19.

              	
                Limitations
                  on Issuances of Guarantees of Indebtedness

              	
                52

              
	 	
                Section
                  4.20.

              	
                :
                  Covenant Termination

              	
                53

              
	
                ARTICLE
                  5.

              	
                SUCCESSORS

              	
                54

              
	 	
                Section
                  5.01.

              	
                Merger,
                  Consolidation and Sale of Assets

              	
                54

              
	 	
                Section
                  5.02.

              	
                Successor
                  Corporation Substituted

              	
                55

              

      

       

       

      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

      

       

      
        	
                ARTICLE
                  6.

              	
                DEFAULTS
                  AND REMEDIES

              	
                55

              
	 	
                Section
                  6.01.

              	
                Events
                  of Default

              	
                55

              
	 	
                Section
                  6.02.

              	
                Acceleration

              	
                56

              
	 	
                Section
                  6.03.

              	
                Other
                  Remedies

              	
                57

              
	 	
                Section
                  6.04.

              	
                Waiver
                  of Defaults

              	
                57

              
	 	
                Section
                  6.05.

              	
                Control
                  by Majority

              	
                57

              
	 	
                Section
                  6.06.

              	
                Limitation
                  on Suits

              	
                57

              
	 	
                Section
                  6.07.

              	
                Rights
                  of Holders to Receive Payment

              	
                58

              
	 	
                Section
                  6.08.

              	
                Collection
                  Suit by Trustee

              	
                58

              
	 	
                Section
                  6.09.

              	
                Trustee
                  May File Proofs of Claim

              	
                58

              
	 	
                Section
                  6.10.

              	
                Priorities

              	
                58

              
	 	
                Section
                  6.11.

              	
                Undertaking
                  for Costs

              	
                59

              
	
                ARTICLE
                  7.

              	
                TRUSTEE

              	
                59

              
	 	
                Section
                  7.01.

              	
                Duties
                  of Trustee

              	
                59

              
	 	
                Section
                  7.02.

              	
                Rights
                  of Trustee

              	
                60

              
	 	
                Section
                  7.03.

              	
                Individual
                  Rights of Trustee

              	
                61

              
	 	
                Section
                  7.04.

              	
                Trustee’s
                  Disclaimer

              	
                61

              
	 	
                Section
                  7.05.

              	
                Notice
                  of Defaults

              	
                61

              
	 	
                Section
                  7.06.

              	
                Reports
                  by Trustee to Holders

              	
                61

              
	 	
                Section
                  7.07.

              	
                Compensation
                  and Indemnity

              	
                61

              
	 	
                Section
                  7.08.

              	
                Replacement
                  of Trustee

              	
                62

              
	 	
                Section
                  7.09.

              	
                Successor
                  Trustee by Merger, etc.

              	
                63

              
	 	
                Section
                  7.10.

              	
                Eligibility;
                  Disqualification

              	
                63

              
	 	
                Section
                  7.11.

              	
                Preferential
                  Collection of Claims Against Company

              	
                63

              
	
                ARTICLE
                  8.

              	
                LEGAL
                  DEFEASANCE AND COVENANT DEFEASANCE

              	
                63

              
	 	
                Section
                  8.01.

              	
                Option
                  to Effect Legal Defeasance or Covenant Defeasance

              	
                63

              
	 	
                Section
                  8.02.

              	
                Legal
                  Defeasance and Discharge

              	
                64

              
	 	
                Section
                  8.03.

              	
                Covenant
                  Defeasance

              	
                64

              
	 	
                Section
                  8.04.

              	
                Conditions
                  to Legal or Covenant Defeasance

              	
                64

              
	 	
                Section
                  8.05.

              	
                Deposited
                  Cash and U.S. Government Securities to be Held in Trust; Other
                  Miscellaneous Provisions

              	
                65

              
	 	
                Section
                  8.06.

              	
                Repayment
                  to Company

              	
                66

              
	 	
                Section
                  8.07.

              	
                Reinstatement

              	
                66

              
	
                ARTICLE
                  9.

              	
                AMENDMENT,
                  SUPPLEMENT AND WAIVER

              	
                66

              
	 	
                Section
                  9.01.

              	
                Without
                  Consent of Holders of Notes

              	
                66

              
	 	
                Section
                  9.02.

              	
                With
                  Consent of Holders of Notes

              	
                67

              
	 	
                Section
                  9.03.

              	
                Compliance
                  with Trust Indenture Act

              	
                68

              
	 	
                Section
                  9.04.

              	
                Revocation
                  and Effect of Consents

              	
                68

              
	 	
                Section
                  9.05.

              	
                Notation
                  on or Exchange of Notes

              	
                68

              
	 	
                Section
                  9.06.

              	
                Trustee
                  to Sign Amendments, etc.

              	
                68

              
	
                ARTICLE
                  10.

              	
                SUBSIDIARY
                  GUARANTEES

              	
                68

              
	 	
                Section
                  10.01.

              	
                Guarantee

              	
                69

              
	 	
                Section
                  10.02.

              	
                Limitation
                  on Guarantor Liability

              	
                70

              
	 	
                Section
                  10.03.

              	
                Execution
                  and Delivery of Guarantee

              	
                70

              
	 	
                Section
                  10.04.

              	
                Guarantors
                  May Consolidate, etc., on Certain Terms

              	
                71

              
	 	
                Section
                  10.05.

              	
                Releases
                  Following Merger, Consolidation or Sale of Assets, Etc.

              	
                71

              
	
                ARTICLE
                  11.

              	
                SATISFACTION
                  AND DISCHARGE

              	
                72

              
	 	
                Section
                  11.01.

              	
                Satisfaction
                  and Discharge

              	
                72

              
	 	
                Section
                  11.02.

              	
                Deposited
                  Cash and U.S. Government Securities to be Held in Trust; Other
                  Miscellaneous Provisions

              	
                72

              
	 	
                Section
                  11.03.

              	
                Repayment
                  to Company

              	
                72

              
	
                ARTICLE
                  12.

              	
                MISCELLANEOUS

              	
                73

              
	 	
                Section
                  12.01.

              	
                Trust
                  Indenture Act Controls

              	
                73

              
	 	
                Section
                  12.02.

              	
                Notices

              	
                73

              
	 	
                Section
                  12.03.

              	
                Communication
                  by Holders of Notes with Other Holders of Notes

              	
                74

              
	 	
                Section
                  12.04.

              	
                Certificate
                  and Opinion as to Conditions Precedent

              	
                74

              
	 	
                Section
                  12.05.

              	
                Statements
                  Required in Certificate or Opinion

              	
                74

              
	 	
                Section
                  12.06.

              	
                Rules
                  by Trustee and Agents

              	
                74

              
	 	
                Section
                  12.07.

              	
                No
                  Personal Liability of Directors, Officers, Employees and
                  Stockholders

              	
                75

              
	 	
                Section
                  12.08.

              	
                Governing
                  Law

              	
                75

              
	 	
                Section
                  12.09.

              	
                No
                  Adverse Interpretation of Other Agreements

              	
                75

              
	 	
                Section
                  12.10.

              	
                Successors

              	
                75

              
	 	
                Section
                  12.11.

              	
                Severability

              	
                75

              
	 	
                Section
                  12.12.

              	
                Counterpart
                  Originals

              	
                75

              
	 	
                Section
                  12.13.

              	
                Table
                  of Contents, Headings, etc.

              	
                75

              
	 	
                Section
                  12.14.

              	
                Qualification
                  of this Indenture.

              	
                75

              

      

      

    

    

    
      
        
          
            ii

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    CROSS-REFERENCE
      TABLE

    

    

    

    

    

    
      	
               
TIA
                Section Reference

            	
               Indenture
Section

            
	
              310(a)(1)

            	
              7.10

            
	
              (a)(2)

            	
              7.10

            
	
              (a)(3)

            	
              N.A.

            
	
              (a)(4)

            	
              N.A.

            
	
              (a)(5)

            	
              7.10

            
	
              (b)

            	
              7.08,
                7.10

            
	
              (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,
                7.07

            
	
              (c)

            	
              7.06,
                12.02

            
	
              (d)

            	
              7.06

            
	
              314(a)

            	
              4.03,
                4.04, 12.02

            
	
              (b)

            	
              N.A.

            
	
              (c)(1)

            	
              12.04

            
	
              (c)(2)

            	
              12.04

            
	
              (c)(3)

            	
              N.A.

            
	
              (d)

            	
              N.A.

            
	
              (e)

            	
              12.05

            
	
              315(a)

            	
              7.01

            
	
              (b)

            	
              7.05,
                12.02

            
	
              (c)

            	
              7.01

            
	
              (d)

            	
              7.01

            
	
              (e)

            	
              6.11

            
	
              316(a)
                (last sentence)

            	
              2.09

            
	
              (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.

    

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

     

    

     

    
      
        
        

      

      
        iii

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