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    FIRST
      AMENDED AND RESTATED

     

    LIMITED
      PARTNERSHIP AGREEMENT

     

    OF

     

    CAPLEASE,
      LP

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    TABLE
      OF CONTENTS

     

    
      	
              ARTICLE
                I DEFINED TERMS

            	
              1

            
	 	 
	
              ARTICLE
                II FORMATION OF PARTNERSHIP

            	
              8

            
	
              2.01

            	
              Name,
                Office and Registered Agent

            	
              8

            
	
              2.02

            	
              Partners.

            	
              9

            
	
              2.03

            	
              Term
                and Dissolution.

            	
              9

            
	
              2.04

            	
              Filing
                of Certificate and Perfection of Limited Partnership

            	
              10

            
	
              2.05

            	
              Certificates
                Describing Partnership Units

            	
              10

            
	 	 	 
	
              ARTICLE
                III BUSINESS OF THE PARTNERSHIP

            	
              10

            
	 	 
	
              ARTICLE
                IV CAPITAL CONTRIBUTIONS AND ACCOUNTS

            	
              11

            
	
              4.01

            	
              Capital
                Contributions

            	
              11

            
	
              4.02

            	
              Additional
                Capital Contributions and Issuances of Additional Partnership
                Interests

            	
              11

            
	
              4.03

            	
              Additional
                Funding

            	
              12

            
	
              4.04

            	
              Capital
                Accounts

            	
              12

            
	
              4.05

            	
              Percentage
                Interests

            	
              12

            
	
              4.06

            	
              No
                Interest on Contributions

            	
              13

            
	
              4.07

            	
              Return
                of Capital Contributions

            	
              13

            
	
              4.08

            	
              No
                Third Party Beneficiary

            	
              13

            
	 	 	 
	
              ARTICLE
                V PROFITS AND LOSSES; DISTRIBUTIONS

            	
              13

            
	
              5.01

            	
              Allocation
                of Profit and Loss.

            	
              13

            
	
              5.02

            	
              Distribution
                of Cash.

            	
              15

            
	
              5.03

            	
              REIT
                Distribution Requirements

            	
              17

            
	
              5.04

            	
              No
                Right to Distributions in Kind

            	
              17

            
	
              5.05

            	
              Limitations
                on Return of Capital Contributions

            	
              17

            
	
              5.06

            	
              Distributions
                Upon Liquidation.

            	
              17

            
	
              5.07

            	
              Substantial
                Economic Effect

            	
              18

            
	 	 	 
	
              
                ARTICLE
                  VI 8.125% SERIES A CUMULATIVE REDEEMABLE PREFERRED
                  UNITS

              

            	
              18

            
	
              6.01

            	
              Designation
                and Number

            	
              18

            
	
              6.02

            	
              Maturity

            	
              18

            
	
              6.03

            	
              Rank

            	
              18

            
	
              6.04

            	
              Allocations
                and Distributions.

            	
              18

            
	
              6.05

            	
              Liquidation
                Rights.

            	
              21

            
	
              6.06

            	
              Redemption.

            	
              21

            
	
              6.07

            	
              Voting
                Rights.

            	
              24

            
	
              6.08

            	
              No
                Conversion Rights

            	
              25

            
	
              6.09

            	
              Exclusion
                of Other Rights

            	
              25

            
	
              6.10

            	
              Severability
                of Provisions

            	
              25

            

    

     

    
      
        
        

      

      
        -
          i -

        
          

        

      

      
        
        

      

    

     

    
      	
              ARTICLE
                VII RIGHTS,
                OBLIGATIONS AND POWERS OF THE GENERAL PARTNER

            	
              25

            
	
              7.01

            	
              Management
                of the Partnership.

            	
              25

            
	
              7.02

            	
              Delegation
                of Authority

            	
              28

            
	
              7.03

            	
              Indemnification
                and Exculpation of Indemnitees.

            	
              28

            
	
              7.04

            	
              Liability
                of the General Partner.

            	
              29

            
	
              7.05

            	
              Partnership
                Obligations.

            	
              30

            
	
              7.06

            	
              Outside
                Activities

            	
              31

            
	
              7.07

            	
              Employment
                or Retention of Affiliates.

            	
              31

            
	
              7.08

            	
              Title
                to Partnership Assets

            	
              31

            
	 	 	 
	
              ARTICLE
                VIII CHANGES IN GENERAL PARTNER

            	
              32

            
	
              8.01

            	
              Transfer
                of the General Partner’s Partnership Interest.

            	
              32

            
	
              8.02

            	
              Admission
                of a Substitute or Additional General Partner

            	
              33

            
	
              8.03

            	
              Effect
                of Bankruptcy, Withdrawal, Death or Dissolution of a General
                Partner.

            	
              34

            
	
              8.04

            	
              Removal
                of a General Partner.

            	
              34

            
	 	 	 
	
              ARTICLE
                IX RIGHTS AND OBLIGATIONS OF THE LIMITED PARTNERS

            	
              35

            
	
              9.01

            	
              Management
                of the Partnership

            	
              35

            
	
              9.02

            	
              Power
                of Attorney

            	
              36

            
	
              9.03

            	
              Limitation
                on Liability of Limited Partners

            	
              36

            
	
              9.04

            	
              Redemption
                Right.

            	
              36

            
	
              9.05

            	
              Registration

            	
              38

            
	 	 	 
	
              ARTICLE
                X TRANSFERS OF PARTNERSHIP INTERESTS

            	
              41

            
	
              10.01

            	
              Purchase
                for Investment.

            	
              41

            
	
              10.02

            	
              Restrictions
                on Transfer of Partnership Interests.

            	
              42

            
	
              10.03

            	
              Admission
                of Substitute Limited Partner.

            	
              43

            
	
              10.04

            	
              Rights
                of Assignees of Partnership Interests.

            	
              44

            
	
              10.05

            	
              Effect
                of Bankruptcy, Death, Incompetence or Termination of a Limited
                Partner

            	
              44

            
	
              10.06

            	
              Joint
                Ownership of Interests

            	
              44

            
	 	 	 
	
              ARTICLE
                XI BOOKS AND RECORDS; ACCOUNTING; TAX MATTERS

            	
              45

            
	
              11.01

            	
              Books
                and Records

            	
              45

            
	
              11.02

            	
              Custody
                of Partnership Funds; Bank Accounts.

            	
              45

            
	
              11.03

            	
              Fiscal
                and Taxable Year

            	
              45

            
	
              11.04

            	
              Annual
                Tax Information and Report

            	
              45

            
	
              11.05

            	
              Tax
                Matters Partner; Tax Elections; Special Basis Adjustments.

            	
              45

            
	
              11.06

            	
              Reports
                to Limited Partners.

            	
              46

            
	 	 	 
	
              ARTICLE
                XII AMENDMENT OF AGREEMENT; MERGER

            	
              46

            
	 	 
	
              ARTICLE
                XIII GENERAL PROVISIONS

            	
              47

            
	
              13.01

            	
              Notices

            	
              47

            
	
              13.02

            	
              Survival
                of Rights

            	
              47

            

    

     

    
      
        
        

      

      
        -
          ii -

        
          

        

      

      
        
        

      

    

     

    
      	
              13.03

            	
              Additional
                Documents

            	
              47

            
	
              13.04

            	
              Severability

            	
              47

            
	
              13.05

            	
              Entire
                Agreement

            	
              47

            
	
              13.06

            	
              Pronouns
                and Plurals

            	
              47

            
	
              13.07

            	
              Headings

            	
              48

            
	
              13.08

            	
              Counterparts

            	
              48

            
	
              13.09

            	
              Governing
                Law

            	
              48

            

    

    

    EXHIBITS

     

    EXHIBIT
      A
      -
      Partners, Capital Contributions and Percentage Interests

     

    EXHIBIT
      B
      - Notice
      of Exercise of Redemption Right

     

    EXHIBIT
      C
      -
      Certification of Non-Foreign Status

     

    
      
        
        

      

      
        -
          iii -

        
          

        

      

      
        
        

      

    

    

    FIRST
      AMENDED AND RESTATED

     

    LIMITED
      PARTNERSHIP AGREEMENT

     

    OF

     

    CAPLEASE,
      LP

     

    RECITALS

     

    Caplease,
      LP (the “Partnership”) was formed as a limited partnership under the laws of the
      State of Delaware, pursuant to a Certificate of Limited Partnership filed with
      the Office of the Secretary of State of the State of Delaware on March 24,
      2004
      and a Limited Partnership Agreement entered into as of March 24, 2004, by and
      between CLF OP General Partner, LLC, a Delaware limited liability company (the
      “General Partner”) and Capital Lease Funding, Inc., a Maryland corporation (the
“Original Limited Partner” or the “Company”), as amended by the First Amendment
      to the Limited Partnership Agreement dated as of October 19, 2005. This First
      Amended and Restated Limited Partnership Agreement is entered into this 13th
      day
      of June, 2006 among the General Partner and the Limited Partners set forth
      on
Exhibit
      A
      hereto,
      for the purpose of amending and restating the Limited Partnership
      Agreement.

     

    AGREEMENT

     

    NOW,
      THEREFORE, in consideration of the foregoing, of mutual covenants between the
      parties hereto, and of other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties hereto agree to amend
      the Limited Partnership Agreement to read in its entirety as
      follows:

     

    ARTICLE
      I

     

    DEFINED
      TERMS

     

    The
      following defined terms used in this Agreement shall have the meanings specified
      below:

     

    “Act”
      means
      the Delaware Revised Uniform Limited Partnership Act, as it may be amended
      from
      time to time.

     

    “Additional
      Funds”
      has the
      meaning set forth in Section 4.03
      hereof.

     

    “Administrative
      Expenses” means
      (i)
      all administrative and operating costs and expenses incurred by the Partnership,
      (ii) those administrative costs and expenses of the General Partner, including
      any salaries or other payments to directors, officers or employees of the
      General Partner, and any accounting and legal expenses of the General Partner,
      which expenses, the Partners have agreed, are expenses of the Partnership and
      not the General Partner, and (iii) to the extent not included in clauses (i)
      or
      (ii) above, REIT Expenses; provided,
      however,
      that
Administrative
      Expenses shall not include any administrative costs and expenses incurred by
      the
      Company that are attributable to assets or partnership interests in a Subsidiary
      Partnership that are owned by the Company other than through its ownership
      interest in the Partnership.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Affiliate”
      means,
      (i) any Person that, directly or indirectly, controls or is controlled by
      or is under common control with such Person, (ii) any other Person that
      owns, beneficially, directly or indirectly, 10% or more of the outstanding
      capital stock, shares or equity interests of such Person, or (iii) any
      officer, director, employee, partner, member, manager or trustee of such Person
      or any Person controlling, controlled by or under common control with such
      Person (excluding trustees and persons serving in similar capacities who are
      not
      otherwise an Affiliate of such Person). For the purposes of this definition,
      “control” (including the correlative meanings of the terms “controlled by” and
“under common control with”), as used with respect to any Person, shall mean the
      possession, directly or indirectly, of the power to direct or cause the
      direction of the management and policies of such Person, through the ownership
      of voting securities or partnership interests or otherwise.

     

    “Agreed
      Value”
      means
      the fair market value of a Partner’s non-cash Capital Contribution as of the
      date of contribution as agreed to by such Partner and the General Partner.
      The
      names and addresses of the Partners, number of Partnership Units issued to
      each
      Partner, and the Agreed Value of non-cash Capital Contributions as of the date
      of contribution is set forth on Exhibit
      A.

     

    “Agreement”
      means
      this Amended and Restated Limited Partnership Agreement.

     

    “Articles
      of Amendment and Restatement”
means
      the Articles of Amendment and Restatement of the Company filed with the State
      Department of Assessments and Taxation of the State of Maryland on March 15,
      2004.

     

    “Articles
      Supplementary”
      means
      the Articles Supplementary of the Company filed with the State Department of
      Assessments and Taxation of the State of Maryland on October 17, 2005,
      designating the terms, rights and preferences of the shares of 8.125% Series
      A
      Cumulative Redeemable Preferred Stock, $0.01 par value per share, of the
      Company.

     

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

     

    “Business
      Day” means
      any
      day, other than a Saturday or Sunday, that is neither a legal holiday nor a
      day
      on which banking institutions in New York, New York are authorized or required
      by law, regulation or executive order to close.

     

    “Capital
      Account”
      has the
      meaning provided in Section 4.04
      hereof.

     

    “Capital
      Contribution”
      means
      the total amount of cash, cash equivalents, and the Agreed Value of any Property
      or other asset contributed or agreed to be contributed, as the context requires,
      to the Partnership by each Partner pursuant to the terms of the Agreement.
      Any
      reference to the Capital Contribution of a Partner shall include the Capital
      Contribution made by a predecessor holder of the Partnership Interest of such
      Partner.

     

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

    “Cash
      Amount”
      means an
      amount of cash per Partnership Unit equal to the Value of the REIT Shares Amount
      on the date of receipt by the Company of a Notice of Redemption.

     

    “Certificate”
      means
      any instrument or document that is required under the laws of the State of
      Delaware, or any other jurisdiction in which the Partnership conducts business,
      to be signed and sworn to by the Partners of the Partnership (either by
      themselves or pursuant to the power-of-attorney granted to the General Partner
      in Section 9.02
      hereof)
      and filed for recording in the appropriate public offices within the State
      of
      Delaware or such other jurisdiction to perfect or maintain the Partnership
      as a
      limited partnership, to effect the admission, withdrawal or substitution of
      any
      Partner of the Partnership, or to protect the limited liability of the Limited
      Partners as limited partners under the laws of the State of Delaware or such
      other jurisdiction.

     

    “Class
      A Common Units”
      means
      the Common Units of the Partnership designated as the Class A Common Units.
      

     

    “Class
      A Percentage Interest”
      means,
      as to any holder of Class A Common Units, such Partner’s percentage ownership
      interest of Class A Common Units, as determined by dividing the Class A Common
      Units owned by such Partner by the total number of Class A Common Units then
      outstanding. The Class A Percentage Interest of each Partner shall be set forth
      on Exhibit
      A,
      as may
      be amended from time to time.

     

    “Class
      B Common Units”
      means
      the Common Units of the Partnership designated as the Class B Common
      Units.

     

    “Class
      B Percentage Interest”
      means,
      as to any holder of Class B Common Units, such Partner’s percentage ownership
      interest, as determined by dividing the Class B Common Units owned by such
      Partner by the total number of Class B Common Units then outstanding. The Class
      B Percentage Interest of each Partner shall be set forth on Exhibit
      A,
      as may
      be amended from time to time.

     

    “Class
      B Return”
means,
      as to any holder of Class B Common Units, the amount of distributions such
      Partner would have received for the quarter (or other distribution period)
      from
      REIT Shares if such Partner owned the number of REIT Shares equal to the product
      of such Partner’s Class B Common Units and the Conversion Factor on the
      Partnership Record Date pertaining to such quarter (or other distribution
      period).

     

    “Common
      Units”
      means
      all Partnership Units that are not specifically designated as Preferred Units
      pursuant to this Agreement.

     

    “Code”
      means
      the Internal Revenue Code of 1986, as amended, and as hereafter amended from
      time to time. Reference to any particular provision of the Code shall mean
      that
      provision in the Code at the date hereof and any successor provision of the
      Code.

     

    “Commission”
      means
      the U.S. Securities and Exchange Commission.

     

    “Common
      Share”
      means
      one share of common stock of the Company.

     

    “Company”
      means
      Capital Lease Funding, Inc., a Maryland corporation.

     

    
      
        
        

      

      
        -
          3
          -

        
          

        

      

      
        
        

      

    

    “Conversion
      Factor”
      means
      1.0, provided that
      in the
      event that the Company (i) declares or pays a dividend on its outstanding REIT
      Shares in REIT Shares or makes a distribution to all holders of its outstanding
      REIT Shares in REIT Shares, (ii) subdivides its outstanding REIT Shares or
      (iii)
      combines its outstanding REIT Shares into a smaller number of REIT Shares,
      the
      Conversion Factor shall be adjusted by multiplying the Conversion Factor by
      a
      fraction, the numerator of which shall be the number of REIT Shares issued
      and
      outstanding on the record date for such dividend, distribution, subdivision
      or
      combination (assuming for such purposes that such dividend, distribution,
      subdivision or combination has occurred as of such time), and the denominator
      of
      which shall be the actual number of REIT Shares (determined without the above
      assumption) issued and outstanding on such date and, provided further,
      that in
      the event that an entity other than an Affiliate of the Company shall become
      General Partner pursuant to any merger, consolidation or combination of the
      Company with or into another entity (the “Successor Entity”), the Conversion
      Factor shall be adjusted by multiplying the Conversion Factor by the number
      of
      shares of the Successor Entity into which one REIT Share is converted pursuant
      to such merger, consolidation or combination, determined as of the date of
      such
      merger, consolidation or combination. Any adjustment to the Conversion Factor
      shall become effective immediately after the effective date of an event
      described above, retroactive to the record date, if any, for such event;
provided,
      however,
      that if
      the Company receives a Notice of Redemption after the record date, but prior
      to
      the effective date of such dividend, distribution, subdivision or combination,
      the Conversion Factor shall be determined as if the Company had received the
      Notice of Redemption immediately prior to the record date for such dividend,
      distribution, subdivision or combination.

     

    “Event
      of Bankruptcy”
      as to
      any Person means the filing of a petition for relief as to such Person as debtor
      or bankrupt under the Bankruptcy Code of 1978 or similar provision of law of
      any
      jurisdiction (except if such petition is contested by such Person and has been
      dismissed within 90 days); insolvency or bankruptcy of such Person as finally
      determined by a court proceeding; filing by such Person of a petition or
      application to accomplish the same or for the appointment of a receiver or
      a
      trustee for such Person or a substantial part of his assets; commencement of
      any
      proceedings relating to such Person as a debtor under any other reorganization,
      arrangement, insolvency, adjustment of debt or liquidation law of any
      jurisdiction, whether now in existence or hereinafter in effect, either by
      such
      Person or by another, provided that
      if such
      proceeding is commenced by another, such Person indicates his approval of such
      proceeding, consents thereto or acquiesces therein, or such proceeding is
      contested by such Person and has not been finally dismissed within 90
      days.

     

    “General
      Partner”
      means
      CLF OP General Partner, LLC and any Person who becomes a substitute or
      additional General Partner of the Partnership as provided herein, and any of
      their successors as General Partner.

     

    “General
      Partnership Interest”
      means a
      Partnership Interest held by the General Partner that is a general partnership
      interest.

     

    “Indemnitee”
      means
      (i) any Person made a party to a proceeding by reason of its status as the
      Company, the General Partner or a director, officer or employee of the Company,
      the Partnership or the General Partner, and (ii) such other Persons (including
      Affiliates of the Company,
      General Partner or the Partnership) as the General Partner may designate from
      time to time, in its sole and absolute discretion.

     

    
      
        
        

      

      
        -
          4
          -

        
          

        

      

      
        
        

      

    

     

    “Independent
      Director”
      means a
      member of the Board of Directors who is not an officer or employee of the
      Company or an Affiliate.

     

    “Limited
      Partner”
      means
      any Person named as a Limited Partner on Exhibit
      A
      attached
      hereto, and any Person who becomes a Substitute or Additional Limited Partner,
      in such Person’s capacity as a Limited Partner in the Partnership.

     

    “Limited
      Partnership Interest”
      means
      the ownership interest of a Limited Partner in the Partnership at any particular
      time, including the right of such Limited Partner to any and all benefits to
      which such Limited Partner may be entitled as provided in this Agreement and
      in
      the Act, together with the obligations of such Limited Partner to comply with
      all the provisions of this Agreement and of the Act.

     

    “Loss”
      has the
      meaning provided in Section 5.01(g)
      hereof.

     

    “Minimum
      Limited Partnership Interest”
      means
      the lesser of (i) 1% or (ii) if the total Capital Contributions to the
      Partnership exceed $50 million, 1% divided by the ratio of the total Capital
      Contributions to the Partnership to $50 million; provided,
      however,
      that
      the Minimum Limited Partnership Interest shall not be less than 0.2% at any
      time.

     

    “Notice
      of Redemption”
      means
      the Notice of Exercise of Redemption Right substantially in the form attached
      as
Exhibit
      B
      hereto.

     

    “NYSE”
      means
      the New York Stock Exchange.

     

    “Offer”
      has the
      meaning set forth in Section 8.01(c)
      hereof.

     

    “Original
      Limited Partner”
      means
      Capital Lease Funding, Inc.

     

    “Partner”
      means
      any General Partner or Limited Partner.

     

    “Partner
      Nonrecourse Debt Minimum Gain”
      has the
      meaning set forth in Regulations Section 1.704-2(i). A Partner’s share of
      Partner Nonrecourse Debt Minimum Gain shall be determined in accordance with
      Regulations Section 1.704-2(i)(5).

     

    “Partnership
      Interest”
      means an
      ownership interest in the Partnership held by either a Limited Partner or the
      General Partner and includes any and all benefits to which the holder of such
      a
      Partnership Interest may be entitled as provided in this Agreement, together
      with all obligations of such Person to comply with the terms and provisions
      of
      this Agreement.

     

    “Partnership
      Minimum Gain”
      has the
      meaning set forth in Regulations Section 1.704-2(d). In accordance with
      Regulations Section 1.704-2(d), the amount of Partnership Minimum Gain is
      determined by first computing, for each Partnership nonrecourse liability,
      any
      gain the Partnership would realize if it disposed of the property subject to
      that liability for no consideration other than full satisfaction of the
      liability, and then aggregating the separately computed
      gains. A Partner’s share of Partnership Minimum Gain shall be determined in
      accordance with Regulations Section 1.704-2(g)(1).

     

    
      
        
        

      

      
        -
          5
          -

        
          

        

      

      
        
        

      

    

     

    “Partnership
      Record Date”
      means
      the record date established by the General Partner for the distribution of
      cash
      pursuant to Section 5.02
      hereof,
      which record date shall be the same as the record date established by the
      Company for a distribution to its shareholders of some or all of its portion
      of
      such distribution.

     

    “Partnership
      Unit”
      means a
      fractional, undivided share of the Partnership Interests of all Partners issued
      hereunder. The allocation of Partnership Units among the Partners shall be
      as
      set forth on Exhibit
      A,
      as may
      be amended from time to time.

     

    “Person”
      means
      any individual, partnership, corporation, limited liability company, joint
      venture, trust or other entity.

     

    “Preferred
      Units”
      means
      all Partnership Interests designated as preferred units by the General Partner
      from time to time in accordance with this Agreement.

     

    “Profit”
      has the
      meaning provided in Section 5.01(g)
      hereof.

     

    “Property”
      means
      any property or other investment in which the Partnership holds an ownership
      interest.

     

    “Redemption
      Amount”
      means
      either the Cash Amount or the REIT Shares Amount, as selected by the Partnership
      or as directed by the General Partner pursuant to Section 9.04(b)
      hereof.

     

    “Redemption
      Right”
      has the
      meaning provided in Section 9.04(a)
      hereof.

     

    “Redeeming
      Limited Partner”
      has the
      meaning provided in Section 9.04(a)
      hereof.

     

    “Regulations”
      means
      the Federal Income Tax Regulations issued under the Code, as amended and as
      hereafter amended from time to time. Reference to any particular provision
      of
      the Regulations shall mean that provision of the Regulations on the date hereof
      and any successor provision of the Regulations.

     

    “REIT”
      means a
      real estate investment trust under Sections 856 through 860 of the
      Code.

     

    “REIT
      Expenses”
      means
      (i) costs and expenses relating to the continuity of existence and operation
      of
      the Company and any Subsidiaries thereof (which Subsidiaries shall, for purposes
      hereof, be included within the definition of Company), including taxes, fees
      and
      assessments associated therewith, any and all costs, expenses or fees payable
      to
      any director, officer or employee of, or consultants or advisors engaged by,
      the
      Company, (ii) costs and expenses relating to any public offering and
      registration of securities by the Company and all statements, reports, fees
      and
      expenses incidental thereto, including, without limitation, underwriting
      discounts and selling commissions applicable to any such offering of securities,
      and any costs and expenses associated with any claims made by any holders of
      such securities or any underwriters
      or placement agents thereof, (iii) costs and expenses associated with any
      repurchase of any securities by the Company, (iv) costs and expenses associated
      with the preparation and filing of any periodic or other reports and
      communications by the Company under federal, state or local laws or regulations,
      including filings with the Commission, (v) costs and expenses associated with
      compliance by the Company with laws, rules and regulations promulgated by any
      regulatory body, including the Commission and any securities exchange, (vi)
      costs and expenses associated with any 401(k) plan, incentive plan, bonus plan
      or other plan providing for compensation for the employees of the Company,
      (vii)
      costs and expenses incurred by the Company or the General Partner relating
      to
      any issuing or redemption of Partnership Interests and (viii) all other
      operating or administrative costs of the Company or the General Partner incurred
      in the ordinary course of its business on behalf of or in connection with the
      Partnership.

     

    
      
        
        

      

      
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    “REIT
      Share”
      means a
      Common Share of the Company (or Successor Entity, as the case may
      be).

     

    “REIT
      Shares Amount”
      means a
      number of REIT Shares equal to the product of the number of Partnership Units
      offered for redemption by a Redeeming Limited Partner in a Notice of Redemption,
      multiplied by the Conversion Factor as adjusted to and including the Specified
      Redemption Date; provided
      that
      in the
      event the Company issues to all holders of REIT Shares rights, options, warrants
      or convertible or exchangeable securities entitling the shareholders to
      subscribe for or purchase REIT Shares, or any other securities or property
      (collectively, the “rights”), and the rights have not expired at the Specified
      Redemption Date, then the REIT Shares Amount shall also include the rights
      issuable to a holder of the REIT Shares Amount on the record date fixed for
      purposes of determining the holders of REIT Shares entitled to
      rights.

     

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

     

    “Series
      A Preferred Stock”
      means
      the shares of 8.125% Series A Cumulative Redeemable Preferred Stock, $0.01
      par
      value per share, of the Company.

     

    “Series
      A Preferred Units”
      has the
      meaning provided in Section 6.01
      hereof.

     

    “Series
      A Redemption Right”
      has the
      meaning provided in Section 6.06
      hereof.

     

    “Service”
      means
      the Internal Revenue Service.

     

    “Specified
      Redemption Date”
      means
      the first business day of the month that is at least 60 calendar days after
      the
      receipt by the Company of a Notice of Redemption.

     

    “Subsidiary”
      means,
      with respect to any Person, any corporation or other entity of which a majority
      of (i) the voting power of the voting equity securities or (ii) the outstanding
      equity interests is owned, directly or indirectly, by such Person.

     

    “Subsidiary
      Partnership”
      means
      any partnership in which the Company, a wholly-owned subsidiary of the Company
      or the Partnership owns a partnership interest.

    “Substitute
      Limited Partner”
      means
      any Person admitted to the Partnership as a Limited Partner pursuant to Section
      10.03
      hereof.

     

    
      
        
        

      

      
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    “Successor
      Entity”
      has the
      meaning provided in the definition of “Conversion Factor” contained
      herein.

     

    “Surviving
      General Partner”
      has the
      meaning set forth in Section 8.01(d)
      hereof.

     

    “Trading
      Day”
      means a
      day on which the principal national securities exchange on which a security
      is
      listed or admitted to trading is open for the transaction of business or, if
      a
      security is not listed or admitted to trading on any national securities
      exchange, shall mean any day other than a Saturday, a Sunday or a day on which
      banking institutions in the State of New York are authorized or obligated by
      law
      or executive order to close.

     

    “Transaction”
      has the
      meaning set forth in Section 8.01(c)
      hereof.

     

    “Transfer”
      has the
      meaning set forth in Section 10.02(a)
      hereof.

     

    “Value”
      means,
      with respect to any security, the average of the daily market price of such
      security for the ten consecutive Trading Days immediately preceding the date
      of
      such valuation. The market price for each such Trading Day shall be: (i) if
      the
      security is listed or admitted to trading on any securities exchange or the
      NYSE, the last reported sale price, regular way, on such day, or if no such
      sale
      takes place on such day, the average of the closing bid and asked prices,
      regular way, on such day, (ii) if the security is not listed or admitted to
      trading on any securities exchange or the NYSE, the last reported sale price
      on
      such day or, if no sale takes place on such day, the average of the closing
      bid
      and asked prices on such day, as reported by a reliable quotation source
      designated by the Company, or (iii) if the security is not listed or admitted
      to
      trading on any securities exchange or the NYSE and no such last reported sale
      price or closing bid and asked prices are available, the average of the reported
      high bid and low asked prices on such day, as reported by a reliable quotation
      source designated by the Company, or if there shall be no bid and asked prices
      on such day, the average of the high bid and low asked prices, as so reported,
      on the most recent day (not more than ten days prior to the date in question)
      for which prices have been so reported; provided that
      if there
      are no bid and asked prices reported during the ten days prior to the date
      in
      question, the value of the security shall be determined by the Company acting
      in
      good faith on the basis of such quotations and other information as it
      considers, in its reasonable judgment, appropriate. In the event the security
      includes any additional rights, then the value of such rights shall be
      determined by the Company acting in good faith on the basis of such quotations
      and other information as it considers, in its reasonable judgment,
      appropriate.

     

    ARTICLE
      II

     

    FORMATION
      OF PARTNERSHIP

     

    2.01 Name,
      Office and Registered Agent.
      The
      name of the Partnership is Caplease, LP. The specified office and place of
      business of the Partnership, and where the records of the Partnership shall
      be
      kept, shall be 110 Maiden Lane, New York, New York 10005. The General Partner
      may at any time change the location of such office, provided
      the
      General Partner gives notice
      to
      the Partners of any such change. The name of the Partnership’s registered agent
      is CT Corporation System, which is a resident of Delaware with its business
      address at 1209 Orange Avenue, Wilmington, Delaware 19801. 

     

    
      
        
        

      

      
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    2.02 Partners.

     

    (a) The
      General Partner of the Partnership is CLF OP General Partner, LLC, a Delaware
      limited liability company. Its principal place of business is the same as that
      of the Partnership.

     

    (b) The
      Limited Partners are those Persons identified as Limited Partners on
Exhibit
      A
      hereto,
      as amended from time to time.

     

    2.03 Term
      and Dissolution.

     

    (a) The
      term
      of the Partnership shall be perpetual, except that the Partnership shall be
      dissolved upon the first to occur of any of the following events:

     

    (i) The
      occurrence of an Event of Bankruptcy as to a General Partner or the dissolution,
      death, removal or withdrawal of a General Partner unless the business of the
      Partnership is continued pursuant to Section 8.03(b)
      hereof;
provided that
      if a
      General Partner is on the date of such occurrence a partnership, the dissolution
      of such General Partner as a result of the dissolution, death, withdrawal,
      removal or Event of Bankruptcy of a partner in such partnership shall not be
      an
      event of dissolution of the Partnership if the business of such General Partner
      is continued by the remaining partner or partners, either alone or with
      additional partners, and such General Partner and such partners comply with
      any
      other applicable requirements of this Agreement;

     

    (ii) The
      passage of 90 days after the sale or other disposition of all or substantially
      all of the assets of the Partnership (provided that
      if the
      Partnership receives an installment obligation as consideration for such sale
      or
      other disposition, the Partnership shall continue, unless sooner dissolved
      under
      the provisions of this Agreement, until such time as such note or notes are
      paid
      in full);

     

    (iii) The
      redemption of all Limited Partnership Interests (including such interests held
      by the General Partner); or

     

    (iv) The
      election by the General Partner that the Partnership should be
      dissolved.

     

    (b) Upon
      dissolution of the Partnership (unless the business of the Partnership is
      continued pursuant to Section 8.03(b)
      hereof),
      the General Partner (or its trustee, receiver, successor or legal
      representative) shall amend or cancel the Certificate and liquidate the
      Partnership’s assets and apply and distribute the proceeds thereof in accordance
      with Section 5.06
      hereof.
      Notwithstanding the foregoing, the liquidating General Partner may either (i)
      defer liquidation of, or withhold from distribution for a reasonable time,
      any
      assets of the Partnership (including those necessary to satisfy the
      Partnership’s debts and obligations), or (ii) distribute the assets to the
      Partners in kind.

     

    
      
        
        

      

      
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    2.04 Filing
      of Certificate and Perfection of Limited Partnership.
      The
      General Partner shall execute, acknowledge, record and file at the expense
      of
      the Partnership the Certificate and any and all amendments thereto and all
      requisite fictitious name statements and notices in such places and
      jurisdictions as may be necessary to cause the Partnership to be treated as
      a
      limited partnership under, and otherwise to comply with, the laws of each state
      or other jurisdiction in which the Partnership conducts business.

     

    2.05 Certificates
      Describing Partnership Units.
      At the
      request of a Limited Partner, the General Partner, at its option, may, but
      shall
      not be obligated to, issue a certificate summarizing the terms of such Limited
      Partner’s interest in the Partnership, including the number of Partnership Units
      owned and the Class A or Class B Percentage Interest represented by such
      Partnership Units as of the date of such certificate. Any such certificate
      (i)
      shall be in form and substance as approved by the General Partner, (ii) shall
      not be negotiable and (iii) shall bear a legend to the following
      effect:

     

    This
      certificate is not negotiable. The Partnership Units represented by this
      certificate are governed by and transferable only in accordance with the
      provisions of the Limited Partnership Agreement of Caplease, LP, as amended
      from
      time to time.

     

    ARTICLE
      III

     

    BUSINESS
      OF THE PARTNERSHIP

     

    The
      purpose and nature of the business to be conducted by the Partnership is (i)
      to
      conduct any business that may be lawfully conducted by a limited partnership
      organized pursuant to the Act, provided,
      however,
      that
      such business shall be limited to and conducted in such a manner as to permit
      the Company at all times to qualify as a REIT, unless the Company otherwise
      ceases to qualify as a REIT, (ii) to enter into any partnership, joint venture
      or other similar arrangement to engage in any of the foregoing or the ownership
      of interests in any entity engaged in any of the foregoing and (iii) to do
      anything necessary or incidental to the foregoing. In connection with the
      foregoing, and without limiting the Company’s right in its sole and absolute
      discretion to cease qualifying as a REIT, the Partners acknowledge that the
      Company’s current status as a REIT and the avoidance of income and excise taxes
      on the Company inures to the benefit of all the Partners and not solely to
      the
      Company. Notwithstanding the foregoing, the Limited Partners agree that the
      Company may terminate its status as a REIT under the Code at any time. The
      General Partner shall also be empowered to do any and all acts and things
      necessary or prudent to ensure that the Partnership will not be classified
      as a
“publicly traded partnership” taxable as a corporation for purposes of Section
      7704 of the Code.

     

    While
      the
      above purposes clause generally permits the Partnership to engage in any lawful
      business, the Limited Partners acknowledge and agree that the Partnership’s
      activities are currently limited to the direct or indirect ownership of
      substantially all of the owned real property investments of the Company, and
      do
      not include the debt business of the Company (which has been separated from
      the
      Partnership on or prior to the date hereof).

     

    
      
        
        

      

      
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          10
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    ARTICLE
      IV

     

    CAPITAL
      CONTRIBUTIONS AND ACCOUNTS

     

    4.01 Capital
      Contributions.
      The
      General Partner and the Limited Partners have made capital contributions to
      the
      Partnership in exchange for the Partnership Interests set forth opposite their
      names on Exhibit
      A,
      as
      amended from time to time.

     

    4.02 Additional
      Capital Contributions and Issuances of Additional Partnership
      Interests.
      Except
      as provided in this Section 4.02
      or in
      Section 4.03,
      the
      Partners shall have no right or obligation to make any additional Capital
      Contributions or loans to the Partnership. The General Partner may contribute
      additional capital to the Partnership, from time to time, and receive additional
      Partnership Interests in respect thereof, in the manner contemplated in this
      Section 4.02.

     

    (a) Issuances
      of Additional Partnership Interests.
      The
      General Partner is hereby authorized to cause the Partnership to issue such
      additional Partnership Interests in the form of Partnership Units for any
      Partnership purpose at any time or from time to time to the Partners (including
      the General Partner) or to other Persons for such consideration and on such
      terms and conditions as shall be established by the General Partner in its
      sole
      and absolute discretion, all without the approval of any Limited Partners.
      Any
      additional Partnership Interests issued thereby may be issued in one or more
      classes, or one or more series of any of such classes, with such designations,
      preferences and relative, participating, optional or other special rights,
      powers and duties, including rights, powers and duties senior to Limited
      Partnership Interests, all as shall be determined by the General Partner in
      its
      sole and absolute discretion and without the approval of any Limited Partner,
      subject to Delaware law, including, without limitation, (i) the allocations
      of
      items of Partnership income, gain, loss, deduction and credit to each such
      class
      or series of Partnership Interests; (ii) the right of each such class or series
      of Partnership Interests to share in Partnership distributions; and (iii) the
      rights of each such class or series of Partnership Interests upon dissolution
      and liquidation of the Partnership. Without limiting the foregoing, the General
      Partner is expressly authorized to cause the Partnership to issue Partnership
      Units for less than fair market value, so long as the General Partner concludes
      in good faith that such issuance is in the best interests of the General Partner
      and the Partnership.

     

    (b) Certain
      Contributions of Proceeds of Issuance of REIT Shares.
      If (i)
      the Company issues additional REIT Shares and contributes, through the General
      Partner or otherwise, some or all of the proceeds raised in connection with
      such
      issuance to the Partnership and (ii) the proceeds actually received and
      contributed by the Company are less than the gross proceeds of such issuance
      as
      a result of any underwriter’s discount or other expenses paid or incurred in
      connection with such issuance, then the Company shall be deemed to have made
      a
      Capital Contribution to the Partnership in the aggregate amount of the
      Partnership’s share of the gross proceeds of such issuance that are contributed
      to the Partnership and the Partnership shall be deemed simultaneously to have
      paid such offering expenses in connection with the issuance of additional
      Partnership Units to the Company for such Capital Contribution pursuant to
      Section 4.02(a).
      Upon
      any such Capital Contribution by the Company, the Company’s Capital Account
      shall be increased by the actual amount of its Capital Contribution pursuant
      to
      Section 4.04
      hereof.

     

    
      
        
        

      

      
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    (c) Minimum
      Limited Partnership Interest.
      In the
      event that either a redemption pursuant to Section 9.04
      hereof
      or additional Capital Contributions by the General Partner would result in
      the
      Limited Partners (other than the Company), in the aggregate, owning less than
      the Minimum Limited Partnership Interest, the General Partner and the Limited
      Partners shall form another partnership and contribute sufficient Limited
      Partnership Interests together with such other Limited Partners so that the
      limited partners (other than the Company) of such partnership own at least
      the
      Minimum Limited Partnership Interest.

     

    (d) Class
      A Common Units and Class B Common Units.
      Under
      the authority granted to it by Section 4.02(a)
      hereof,
      the General Partner has established a class of Partnership Units entitled “Class
      A Common Units” and a class of Partnership Units entitled “Class B Common
      Units.” Class A Common Units and Class B Common Units have the designations and
      duties as set forth herein. Any Partnership Units acquired by the Partnership
      or
      the General Partner through the satisfaction of the Redemption Right pursuant
      to
      Section 9.04
      hereof
      shall automatically convert into Class A Common Units on a one for one
      basis.

     

    4.03 Additional
      Funding.
      If the
      General Partner determines that it is in the best interests of the Partnership
      to provide for additional Partnership funds (“Additional Funds”) for any
      Partnership purpose, the General Partner may (i) cause the Partnership to obtain
      such funds from outside borrowings, or (ii) elect to have the General Partner
      or
      any of its Affiliates provide such Additional Funds to the Partnership through
      loans or otherwise.

     

    4.04 Capital
      Accounts.
      A
      separate capital account (a “Capital Account”) shall be established and
      maintained for each Partner in accordance with Regulations Section
      1.704-1(b)(2)(iv). If (i) a new or existing Partner acquires an additional
      Partnership Interest in exchange for more than a de minimis
      Capital
      Contribution, (ii) the Partnership distributes to a Partner more than a
de minimis
      amount
      of Partnership property as consideration for a Partnership Interest or (iii)
      the
      Partnership is liquidated within the meaning of Regulation Section
      1.704-1(b)(2)(ii)(g), the General Partner shall revalue the property of the
      Partnership to its fair market value (as determined by the General Partner,
      in
      its sole and absolute discretion, and taking into account Section 7701(g) of
      the
      Code) in accordance with Regulations Section 1.704-1(b)(2)(iv)(f). When the
      Partnership’s property is revalued by the General Partner, the Capital Accounts
      of the Partners shall be adjusted in accordance with Regulations Sections
      1.704-1(b)(2)(iv)(f) and (g), which generally require such Capital Accounts
      to
      be adjusted to reflect the manner in which the unrealized gain or loss inherent
      in such property (that has not been reflected in the Capital Accounts
      previously) would be allocated among the Partners pursuant to Section
5.01
      if there
      were a taxable disposition of such property for its fair market value (as
      determined by the General Partner, in its sole and absolute discretion, and
      taking into account Section 7701(g) of the Code) on the date of the
      revaluation.

     

    4.05 Percentage
      Interests.
      If the
      number of outstanding Partnership Units increases or decreases during a taxable
      year, each Partner’s Class A or Class B Percentage Interest shall be adjusted by
      the General Partner effective as of the effective date of each such increase
      or
      decrease to a percentage equal to the number of Class A or Class B Common Units
      held by such Partner divided by the aggregate number of Class A or Class B
      Common Units, as applicable, outstanding after giving effect to such increase
      or
      decrease. If the Partners’ Class A or Class B Percentage Interests are adjusted
      pursuant to this Section 4.05,
      the
      Profits and Losses for the taxable
      year in which the adjustment occurs shall be allocated between the part of
      the
      year ending on the day when the Partnership’s property is revalued by the
      General Partner and the part of the year beginning on the following day either
      (i) as if the taxable year had ended on the date of the adjustment or
      (ii) based on the number of days in each part. The General Partner, in its
      sole and absolute discretion, shall determine which method shall be used to
      allocate Profits and Losses for the taxable year in which the adjustment occurs.
      The allocation of Profits and Losses for the earlier part of the year shall
      be
      based on the Class A or Class B Percentage Interests before adjustment, and
      the
      allocation of Profits and Losses for the later part shall be based on the
      adjusted Class A or Class B Percentage Interests.

     

    
      
        
        

      

      
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    4.06 No
      Interest on Contributions.
      No
      Partner shall be entitled to interest on its Capital Contribution.

     

    4.07 Return
      of Capital Contributions.
      No
      Partner shall be entitled to withdraw any part of its Capital Contribution
      or
      its Capital Account or to receive any distribution from the Partnership, except
      as specifically provided in this Agreement. Except as otherwise provided herein,
      there shall be no obligation to return to any Partner or withdrawn Partner
      any
      part of such Partner’s Capital Contribution for so long as the Partnership
      continues in existence.

     

    4.08 No
      Third Party Beneficiary.
      No
      creditor or other third party having dealings with the Partnership shall have
      the right to enforce the right or obligation of any Partner to make Capital
      Contributions or loans or to pursue any other right or remedy hereunder or
      at
      law or in equity, it being understood and agreed that the provisions of this
      Agreement shall be solely for the benefit of, and may be enforced solely by,
      the
      parties hereto and their respective successors and assigns. None of the rights
      or obligations of the Partners herein set forth to make Capital Contributions
      or
      loans to the Partnership shall be deemed an asset of the Partnership for any
      purpose by any creditor or other third party, nor may such rights or obligations
      be sold, transferred or assigned by the Partnership or pledged or encumbered
      by
      the Partnership to secure any debt or other obligation of the Partnership or
      of
      any of the Partners. In addition, it is the intent of the parties hereto that
      no
      distribution to any Limited Partner shall be deemed a return of money or other
      property in violation of the Act. However, if any court of competent
      jurisdiction holds that, notwithstanding the provisions of this Agreement,
      any
      Limited Partner is obligated to return such money or property, such obligation
      shall be the obligation of such Limited Partner and not of the General Partner.
      Without limiting the generality of the foregoing, a deficit Capital Account
      of a
      Partner shall not be deemed to be a liability of such Partner nor an asset
      or
      property of the Partnership.

     

    ARTICLE
      V

     

    PROFITS
      AND LOSSES; DISTRIBUTIONS

     

    5.01 Allocation
      of Profit and Loss.

     

    (a) Profit.
      Subject
      to Section 6.04(h)
      hereof,
      Profit of the Partnership for each fiscal year of the Partnership shall be
      allocated as follows:

     

    
      
        
        

      

      
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    (i) First,
      if
      holders of the Class A Common Units previously have been allocated Loss under
      Section 5.01(b),
      to such
      holders in accordance with their respective Class A Percentage Interests until
      the aggregate amount of Profit allocated under this Section 5.01(a)(i) equals
      the aggregate amount of Loss allocated under Section 5.01(b);

     

    (ii) Second,
      to the holders of the Class B Common Units until the aggregate amount of Profit
      allocated to such holders under this Section 5.01(a)(ii) for the current and
      all
      prior years equals the aggregate amount of cash distributed to such holders
      under Section 5.02(a)(i) for the current and all prior years; and

     

    (iii) Third,
      any remaining amounts pro rata to the holders of the Class A Common Units in
      accordance with their respective Class A Percentage Interests.

     

    (b) Loss.
      Loss of
      the Partnership for each fiscal year of the Partnership shall be allocated
      to
      the holders of the Class A Common Units in accordance with their respective
      Class A Percentage Interests.

     

    (c) Minimum
      Gain Chargeback.
      Notwithstanding any provision to the contrary, (i) any expense of the
      Partnership that is a “nonrecourse deduction” within the meaning of Regulations
      Section 1.704-2(b)(1) shall be allocated in accordance with the Partners’
respective Percentage Interests, (ii) any expense of the Partnership that is
      a
“partner nonrecourse deduction” within the meaning of Regulations Section
      1.704-2(i)(2) shall be allocated to the Partner that bears the “economic risk of
      loss” of such deduction in accordance with Regulations Section 1.704-2(i)(1),
      (iii) if there is a net decrease in Partnership Minimum Gain within the meaning
      of Regulations Section 1.704-2(f)(1) for any Partnership taxable year, then,
      subject to the exceptions set forth in Regulations Section 1.704-2(f)(2),(3),
      (4) and (5), items of gain and income shall be allocated among the Partners
      in
      accordance with Regulations Section 1.704-2(f) and the ordering rules contained
      in Regulations Section 1.704-2(j), and (iv) if there is a net decrease in
      Partner Nonrecourse Debt Minimum Gain within the meaning of Regulations Section
      1.704-2(i)(4) for any Partnership taxable year, then, subject to the exceptions
      set forth in Regulations Section 1.704(2)(g), items of gain and income shall
      be
      allocated among the Partners in accordance with Regulations Section
      1.704-2(i)(4) and the ordering rules contained in Regulations Section
      1.704-2(j). A Partner’s “interest in partnership profits” for purposes of
      determining its share of the nonrecourse liabilities of the Partnership within
      the meaning of Regulations Section 1.752-3(a)(3) shall be such Partner’s Class A
      Percentage Interest.

     

    (d) Qualified
      Income Offset.
      If a
      Partner receives in any taxable year an adjustment, allocation or distribution
      described in subparagraphs (4), (5) or (6) of Regulations Section
      1.704-1(b)(2)(ii)(d) that causes or increases a deficit balance in such
      Partner’s Capital Account that exceeds the sum of such Partner’s shares of
      Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, as
      determined in accordance with Regulations Sections 1.704-2(g) and 1.704-2(i),
      such Partner shall be allocated specially for such taxable year (and, if
      necessary, later taxable years) items of income and gain in an amount and manner
      sufficient to eliminate such deficit Capital Account balance as quickly as
      possible as provided in Regulations Section 1.704-1(b)(2)(ii)(d). After the
      occurrence of an allocation of income or gain to a Partner in accordance with
      this Section 5.01(d),
      to the
      extent permitted by Regulations Section 1.7041(b),
      items of expense or loss shall be allocated to such Partner in an amount
      necessary to offset the income or gain previously allocated to such Partner
      under this Section 5.01(d).

     

    
      
        
        

      

      
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    (e) Capital
      Account Deficits.
      Loss
      shall not be allocated to a Limited Partner to the extent that such allocation
      would cause a deficit in such Partner’s Capital Account (after reduction to
      reflect the items described in Regulations Section 1.704-1(b)(2)(ii)(d)(4),
      (5)
      and (6)) to exceed the sum of such Partner’s shares of Partnership Minimum Gain
      and Partner Nonrecourse Debt Minimum Gain. Any Loss in excess of that limitation
      shall be allocated to the General Partner. After the occurrence of an allocation
      of Loss to the General Partner in accordance with this Section 5.01(e),
      to the
      extent permitted by Regulations Section 1.704-1(b), Profit shall be allocated
      to
      such Partner in an amount necessary to offset the Loss previously allocated
      to
      each Partner under this Section 5.01(e).

     

    (f) Allocations
      Between Transferor and Transferee.
      If a
      Partner transfers any part or all of its Partnership Interest, the distributive
      shares of the various items of Profit and Loss allocable among the Partners
      during such fiscal year of the Partnership shall be allocated between the
      transferor and the transferee Partner either (i) as if the Partnership’s
      fiscal year had ended on the date of the transfer, or (ii) based on the
      number of days of such fiscal year that each was a Partner without regard to
      the
      results of Partnership activities in the respective portions of such fiscal
      year
      in which the transferor and the transferee were Partners. The General Partner,
      in its sole and absolute discretion, shall determine which method shall be
      used
      to allocate the distributive shares of the various items of Profit and Loss
      between the transferor and the transferee Partner.

     

    (g) Definition
      of Profit and Loss.
      “Profit” and “Loss” and any items of income, gain, expense or loss referred to
      in this Agreement shall be determined in accordance with federal income tax
      accounting principles, as modified by Regulations Section 1.704-1(b)(2)(iv),
      except that Profit and Loss shall not include items of income, gain and expense
      that are specially allocated pursuant to Sections 5.01(c),
      5.01(d)
      or
5.01(e).
      All
      allocations of income, Profit, gain, Loss and expense (and all items contained
      therein) for federal income tax purposes shall be identical to all allocations
      of such items set forth in this Section 5.01,
      except
      as otherwise required by Section 704(c) of the Code and Regulations Section
      1.704-1(b)(4). The General Partner shall have the authority to elect the method
      to be used by the Partnership for allocating items of income, gain and expense
      as required by Section 704(c) of the Code with respect to such properties,
      and
      such election shall be binding on all Partners.

     

    5.02 Distribution
      of Cash.

     

    (a) Subject
      to Sections 5.02(c)
      and
6.04
      hereof,
      the Partnership shall distribute cash at such times and in such amounts as
      are
      determined by the General Partner in its sole and absolute discretion, to the
      Partners who are Partners on the Partnership Record Date with respect to such
      quarter (or other distribution period). Such amounts shall be distributed to
      the
      Partners in the following order of priority:

     

    (i) first,
      to
      the holders of Class B Common Units, in proportion to their respective Class
      B
      Percentage Interests on the Partnership Record Date, until each holder
      of
      Class B Common Units has received an amount equal to the excess, if any of
      (A)
      its cumulative Class B Return for the current and all prior quarters (or other
      distribution period) over (B) the sum of all prior distributions to such holder
      under this Section 5.02(a)(i)
      such
      quarter (or other distribution period);
      and

     

    
      
        
        

      

      
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    (ii) thereafter,
      to the holders of Class A Common Units, in accordance with their respective
      Class A Percentage Interests on the Partnership Record Date.

     

    (b) If
      a new
      or existing Partner (other than the Company) acquires an additional Partnership
      Interest in exchange for a Capital Contribution on any date other than a
      Partnership Record Date, the cash distribution attributable to such additional
      Partnership Interest relating to the Partnership Record Date next following
      the
      issuance of such additional Partnership Interest shall be reduced in the
      proportion to (i) the number of days that such additional Partnership Interest
      is held by such Partner bears to (ii) the number of days between such
      Partnership Record Date and the immediately preceding Partnership Record
      Date.

     

    (c) Notwithstanding
      any other provision of this Agreement, the General Partner is authorized to
      take
      any action that it determines to be necessary or appropriate to cause the
      Partnership to comply with any withholding requirements established under the
      Code or any other federal, state or local law including, without limitation,
      pursuant to Sections 1441, 1442, 1445 and 1446 of the Code. To the extent that
      the Partnership is required to withhold and pay over to any taxing authority
      any
      amount resulting from the allocation or distribution of income to a Partner
      or
      assignee (including by reason of Section 1446 of the Code), either (i) if
      the actual amount to be distributed to the Partner (the “Distributable Amount”)
      equals or exceeds the amount required to be withheld by the Partnership (the
      “Withheld Amount”), the entire Distributable Amount shall be treated as a
      distribution of cash to such Partner, or (ii) if the Distributable Amount is
      less than the Withheld Amount, the excess of the Withheld Amount over the
      Distributable Amount shall be treated as a loan (a “Partnership Loan”) from the
      Partnership to the Partner on the day the Partnership pays over such amount
      to a
      taxing authority. A Partnership Loan shall be repaid upon the demand of the
      Partnership or, alternatively, through withholding by the Partnership with
      respect to subsequent distributions to the applicable Partner or assignee.
      In
      the event that a Limited Partner (a “Defaulting Limited Partner”) fails to pay
      any amount owed to the Partnership with respect to the Partnership Loan within
      15 days after demand for payment thereof is made by the Partnership on the
      Limited Partner, the General Partner, in its sole and absolute discretion,
      may
      elect to make the payment to the Partnership on behalf of such Defaulting
      Limited Partner. In such event, on the date of payment, the General Partner
      shall be deemed to have extended a loan (a “General Partner Loan”) to the
      Defaulting Limited Partner in the amount of the payment made by the General
      Partner and shall succeed to all rights and remedies of the Partnership against
      the Defaulting Limited Partner as to that amount. Without limitation, the
      General Partner shall have the right to receive any distributions that otherwise
      would be made by the Partnership to the Defaulting Limited Partner until such
      time as the General Partner Loan has been paid in full, and any such
      distributions so received by the General Partner shall be treated as having
      been
      received by the Defaulting Limited Partner and immediately paid to the General
      Partner.

     

    Any
      amounts treated as a Partnership Loan or a General Partner Loan pursuant to
      this
      Section 5.02(d)
      shall
      bear interest at the lesser of (i) the base rate on corporate loans at large
      United
      States money center commercial banks, as published from time to time in
The
      Wall Street Journal,
      or (ii)
      the maximum lawful rate of interest on such obligation, such interest to accrue
      from the date the Partnership or the General Partner, as applicable, is deemed
      to extend the loan until such loan is repaid in full.

     

    
      
        
        

      

      
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    (d) In
      no
      event may a Partner receive a distribution of cash with respect to a Partnership
      Unit if such Partner is entitled to receive a cash dividend as the holder of
      record of a REIT Share for which all or part of such Partnership Unit has been
      or will be redeemed.

     

    5.03 REIT
      Distribution Requirements.
      The
      General Partner shall use its reasonable efforts to cause the Partnership to
      distribute amounts sufficient to enable the Company to pay shareholder dividends
      that will allow the Company to (i) meet its distribution requirement for
      qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid
      any federal income or excise tax liability imposed by the Code, other than
      to
      the extent the Company elects to retain and pay income tax on its net capital
      gain.

     

    5.04 No
      Right to Distributions in Kind.
      No
      Partner shall be entitled to demand property other than cash in connection
      with
      any distributions by the Partnership.

     

    5.05 Limitations
      on Return of Capital Contributions.
      Notwithstanding any of the provisions of this Article V,
      no
      Partner shall have the right to receive, and the General Partner shall not
      have
      the right to make, a distribution that includes a return of all or part of
      a
      Partner’s Capital Contributions, unless after giving effect to the return of a
      Capital Contribution, the sum of all Partnership liabilities, other than the
      liabilities to a Partner for the return of his Capital Contribution, does not
      exceed the fair market value of the Partnership’s assets.

     

    5.06 Distributions
      Upon Liquidation.

     

    (a) Subject
      to Section 6.05
      hereof,
      upon liquidation of the Partnership, after payment of, or adequate provision
      for, debts and obligations of the Partnership, including any Partner loans,
      any
      remaining assets of the Partnership shall be distributed to all Partners with
      positive Capital Accounts in accordance with their respective positive Capital
      Account balances.

     

    (b) For
      purposes of Section 5.06(a),
      the
      Capital Account of each Partner shall be determined after the following
      adjustments: (i) all adjustments made in accordance with Sections 5.01
      and
5.02
      resulting from Partnership operations and from all sales and dispositions of
      all
      or any part of the Partnership’s assets, and (ii) allocating to the Company an
      amount equal to the excess of (A) the value of the Partnership Units it received
      in exchange for Capital Contributions of the proceeds of an issuance of REIT
      Shares pursuant to Section 4.02(b)
      hereof
      over (B) the actual amount of its Capital Contributions pursuant to Section
      4.02(b)
      hereof
      (i.e.,
      as a
      result of any underwriters’ discount or other expenses paid or incurred in
      connection with such issuance).

     

    (c) Any
      distributions pursuant to this Section 5.06
      shall be
      made by the end of the Partnership’s taxable year in which the liquidation
      occurs (or, if later, within 90 days after the date of the liquidation). To
      the
      extent deemed advisable by the General Partner, appropriate arrangements
      (including the use of a liquidating trust) may be made to assure that adequate
      funds are available to pay any contingent debts or obligations.

     

    
      
        
        

      

      
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    5.07 Substantial
      Economic Effect.
      It is
      the intent of the Partners that the allocations of Profit and Loss under the
      Agreement have substantial economic effect (or be consistent with the Partners’
interests in the Partnership in the case of the allocation of losses
      attributable to nonrecourse debt) within the meaning of Section 704(b) of the
      Code as interpreted by the Regulations promulgated pursuant thereto. Article
      V
      and
      other relevant provisions of this Agreement shall be interpreted in a manner
      consistent with such intent.

     

    ARTICLE
      VI

    8.125%
      SERIES
      A CUMULATIVE REDEEMABLE PREFERRED
      UNITS

     

    6.01 Designation
      and Number.
      A
      series of Preferred Units, designated the “8.125% Series A Cumulative Redeemable
      Preferred Units” (the “Series A Preferred Units”), is hereby established. The
      number of authorized Series A Preferred Units shall be 1,610,000, 1,400,000
      of
      which shall be issued and outstanding as of the date hereof.
      The
      ownership of the Series A Preferred Units is shown on Exhibit A, as amended
      from
      time to time.

     

    6.02 Maturity.
      The
      Series A Preferred Units have no stated maturity and will not be subject to
      any
      sinking fund or mandatory redemption.

     

    6.03 Rank.
      The
      Series A Preferred Units will, with respect to distribution rights and rights
      upon liquidation, dissolution or winding up of the Partnership, rank (a) senior
      to all classes or series of Common Units and to all other Preferred Units of
      the
      Partnership, the terms of which provide that such units shall rank junior to
      the
      Series A Preferred Units; (b) on a parity with all Partnership Units issued
      by
      the Partnership, other than those Partnership Units referred to in clauses
      (a)
      and (c); and (c) junior to all Partnership Units issued by the Partnership
      which
      rank senior to the Series A Preferred Units that are issued in connection with
      the Company’s issuance of preferred stock that is senior to the Series A
      Preferred Stock in accordance with Section 6(d) of the Articles Supplementary.
      The
      term
“Preferred Units” does not include convertible debt securities of the
      Partnership, which shall rank senior to the Series A Preferred Units prior
      to
      conversion.

     

    6.04 Allocations
      and Distributions.

     

    (a) Holders
      of Series A Preferred Units shall be entitled to receive, when and as authorized
      by the General Partner, and declared by the Partnership out of funds legally
      available for payment, cumulative preferential cash distributions at the rate
      of
      eight and one-eighth percent (8.125%) per annum of the Twenty-five Dollars
      ($25.00) per unit liquidation preference of the Series A Preferred Units
      (equivalent to a fixed annual amount of $2.03125 per Series A Preferred Unit).
      However,
      if the Series A Preferred Stock is delisted from the New York Stock Exchange
      following a Change of Control (as defined in the Articles Supplementary),
      holders of Series A Preferred Units shall be entitled to receive, when and
      as
      authorized by the Partnership, out of funds legally available for payment,
      cumulative preferential cash distributions at the rate of nine and one-eighth
      percent (9.125%) per annum of the Twenty-five Dollars ($25.00) per unit
      liquidation preference of the Series A Preferred Units (equivalent to a fixed
      annual amount of $2.28125 per unit). Such
      distributions shall accumulate on a daily basis and be cumulative
      from (but excluding) the original date of issuance and be payable quarterly
      in
      equal amounts in arrears on or about the fifteenth (15th)
      day of
      each January, April, July and October of each year, beginning on
      January 17, 2006 (each such day being hereinafter called a “Distribution
      Payment Date”);
      provided
      that if
      any Distribution Payment Date is not a Business Day, then the distribution
      which
      would otherwise have been payable on such Distribution Payment Date may be
      paid
      on the next succeeding Business Day with the same force and effect as if paid
      on
      such Distribution Payment Date, and no interest or additional distributions
      or
      other sums shall accrue on the amount so payable from such Distribution Payment
      Date to such next succeeding Business Day. Any distribution payable on the
      Series A Preferred Units for any partial distribution period shall be prorated
      and computed on the basis of a 360-day year consisting of twelve 30-day months.
      Distributions shall be payable to holders of record as they appear in the unit
      records of the Partnership at the close of business on the applicable record
      date, which shall be the last day of the calendar month that immediately
      precedes the calendar month in which the applicable Distribution Payment Date
      falls or such other date designated by the General Partner of the Partnership
      for the payment of distributions that is not more than 30 nor less than 10
      days
      prior to such Distribution Payment Date (each, a “Distribution Record
      Date”).

     

    
      
        
        

      

      
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    (b) No
      distributions on Series A Preferred Units shall be authorized by the General
      Partner or declared or paid or set apart for payment by the Partnership at
      such
      time as the terms and provisions of any agreement of the General Partner or
      the
      Partnership, including any agreement relating to the indebtedness of either
      of
      them, prohibits such declaration, payment or setting apart for payment or
      provides that such declaration, payment or setting apart for payment would
      constitute a breach thereof or a default thereunder, or if such declaration
      or
      payment shall be restricted or prohibited by law.

     

    (c) Notwithstanding
      anything to the contrary contained herein, distributions on the Series A
      Preferred Units shall accumulate whether or not the restrictions referred to
      in
      Section 6.04(b)
      exist,
      whether or not the Partnership has earnings, whether or not there are funds
      legally available for the payment of such distributions and whether or not
      such
      distributions are authorized. Accumulated but unpaid distributions on the Series
      A Preferred Units will accumulate as of the Distribution Payment Date on which
      they first become payable or on the date of redemption as the case may be.
      Accumulated and unpaid distributions will not bear interest.

     

    (d) Except
      as
      provided in the next sentence, if any Series A Preferred Units are outstanding,
      no distributions will be authorized or paid or set apart for payment on any
      Common Units or any other Preferred Units of the Partnership ranking, as to
      distributions, on a parity with or junior to the Series A Preferred Units unless
      full cumulative distributions have been or contemporaneously are authorized
      and
      paid or authorized and a sum sufficient for the payment thereof set apart for
      such payment on the Series A Preferred Units for all past distribution periods
      and the then current distribution period. When distributions are not paid in
      full (or a sum sufficient for such full payment is not so set apart) upon the
      Series A Preferred Units and all other Preferred Units of the Partnership
      ranking on a parity, as to distributions, with the Series A Preferred Units,
      all
      distributions authorized, paid or set apart for payment upon the Series A
      Preferred Units and all other Preferred Units of the Partnership ranking on
      a
      parity, as to distributions, with the Series A Preferred Units shall be
      authorized and paid pro rata or authorized
      and set apart for payment pro rata so that the amount of distributions
      authorized per Series A Preferred Unit and each such other Preferred Unit shall
      in all cases bear to each other the same ratio that accumulated distributions
      per Series A Preferred Unit and such other Preferred Unit (which shall not
      include any accumulation in respect of unpaid distributions for prior
      distribution periods if such Preferred Units do not have a cumulative
      distribution) bear to each other. No interest, or sum of money in lieu of
      interest, shall be payable in respect of any distribution payment or payments
      on
      Series A Preferred Units which may be in arrears.

     

    
      
        
        

      

      
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    (e) Except
      as
      provided in Section 6.04(d),
      unless
      full cumulative distributions on the Series A Preferred Units have been or
      contemporaneously are authorized and paid or authorized and a sum sufficient
      for
      the payment thereof is set apart for payment for all past distribution periods
      and the then current distribution period, no distributions (other than in the
      form of Common Units or other Preferred Units of the Partnership ranking junior
      to the Series A Preferred Units as to distributions and upon liquidation) shall
      be authorized or paid or set apart for payment nor shall any other distribution
      be authorized or made upon the Common Units or other Preferred Units of the
      Partnership ranking junior to or on a parity with the Series A Preferred Units
      as to distributions or upon liquidation, nor shall any Common Units or other
      Preferred Units of the Partnership ranking junior to or on a parity with the
      Series A Preferred Units as to distributions or upon liquidation be redeemed,
      purchased or otherwise acquired directly or indirectly for any consideration
      (or
      any monies be paid to or made available for a sinking fund for the redemption
      of
      any such Common Units or Preferred Units) by the Partnership (except in
      accordance with the terms of this Agreement or by conversion into or exchange
      for other Common Units or Preferred Units of the Partnership ranking junior
      to
      the Series A Preferred Units as to distributions and upon liquidation, by
      redemption, purchase or acquisition of Common Units or Preferred Units of the
      Partnership under any employee benefit plan of the General Partner or
      Partnership, or by other redemption, purchase or acquisition of such Common
      Units or Preferred Units of the Partnership pursuant to Article VII of the
      Articles of Amendment and Restatement of the Company or otherwise, in order
      to
      ensure that the Company remains qualified as a REIT).

     

    (f) Holders
      of Series A Preferred Units shall not be entitled to any distribution, whether
      payable in cash, property or units, in excess of full cumulative distributions
      on the Series A Preferred Units as described above. Any distribution payment
      made on the Series A Preferred Units shall first be credited against the
      earliest accumulated but unpaid distribution due with respect to such units
      which remains payable.

     

    (g) In
      determining whether a distribution (other than upon voluntary or involuntary
      liquidation, dissolution or winding up of the Partnership) in Common Units
      or
      Preferred Units of the Partnership or by redemption or otherwise of the
      Partnership Interests of the Partnership is permitted under Delaware law, no
      effect shall be given to amounts that would be needed, if the Partnership were
      to be dissolved at the time of the distribution, to satisfy the preferential
      rights upon dissolution of holders of Partnership Units whose preferential
      rights on dissolution are superior to those receiving the
      distribution.

     

    (h) Prior
      to
      any allocation of Profit pursuant to Section 5.01(a)
      of this
      Agreement, Profit will be allocated to
      holders of Series A Preferred Units in an amount equal to the
      distributions made to holders of Series A Preferred Units under Section
6.04(a)
      of this
      Agreement.

     

    
      
        
        

      

      
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    6.05 Liquidation
      Rights.

     

    (a) In
      the
      event of any voluntary or involuntary liquidation, dissolution or winding up
      of
      the Partnership (referred to herein sometimes as a “liquidation”), the holders
      of the Series A Preferred Units then outstanding shall be entitled to receive,
      out of the assets of the Partnership legally available for distribution to
      its
      Partners (after payment or provision for payment of all debts and other
      liabilities of the Partnership), a liquidation preference in cash of Twenty-five
      Dollars ($25.00) per Series A Preferred Unit, plus an amount equal to all
      accumulated and unpaid distributions through and including the date of payment,
      before any distribution of assets is made to holders of Common Units or any
      other Preferred Units of the Partnership that rank junior to the Series A
      Preferred Units as to liquidation rights.

     

    (b) If,
      upon
      any such voluntary or involuntary liquidation, dissolution or winding up of
      the
      Partnership, the assets of the Partnership are insufficient to make full payment
      to holders of Series A Preferred Units and to the corresponding amounts payable
      on all other Preferred Units of the Partnership ranking on a parity with the
      Series A Preferred Units as to liquidation rights, then the holders of the
      Series A Preferred Units and all other Preferred Units of the Partnership
      ranking on a parity with the Series A Preferred Units as to liquidation rights
      shall share ratably in any such distribution of assets in proportion to the
      full
      liquidating distributions to which they would otherwise be respectively
      entitled.

     

    (c) Written
      notice of any such liquidation, dissolution or winding up of the Partnership,
      stating the payment date or dates when, and the place or places where, the
      amounts distributable in such circumstances shall be payable, shall be given
      by
      first class mail, postage pre-paid, not less than 30 nor more than 60 days
      prior
      to the payment date stated therein, to each record holder of the Series A
      Preferred Units at the respective address of such holders as the same shall
      appear on the share transfer records of the Partnership.

     

    (d) After
      payment of the full amount of the liquidating distributions to which they are
      entitled, the holders of Series A Preferred Units will have no right or claim
      to
      any of the remaining assets of the Partnership.

     

    (e) None
      of a
      consolidation or merger of the Partnership with or into another entity, a merger
      of another entity with or into the Partnership, a statutory security exchange
      by
      the Partnership or a sale, lease, transfer or conveyance of all or substantially
      all of the Partnership’s property or business shall be considered a liquidation,
      dissolution or winding up of the Partnership.

     

    6.06 Redemption.

     

    (a) The
      Series A Preferred Units are not redeemable prior to October 19, 2010.
      Consistent with the provisions set forth in Article VII of the Articles of
      Amendment and Restatement of the Company, however, the Partnership shall have
      the right to purchase the amount of Series A Preferred Units necessary to ensure
      that the Company remains qualified as a REIT for federal income tax purposes.
      On
      and after October 19, 2010, the Partnership, at its option,
      upon giving notice as provided below, may redeem the Series A Preferred Units,
      in whole or from time to time in part, for cash, at a redemption price of
      Twenty-five Dollars ($25.00) per Series A Preferred Unit, plus all accumulated
      and unpaid distributions on such Series A Preferred Units through the date
      of
      such redemption (the “Series A Redemption Right”).

     

    
      
        
        

      

      
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    (b) If
      fewer
      than all of the outstanding Series A Preferred Units are to be redeemed pursuant
      to the Series A Redemption Right, the Series A Preferred Units to be redeemed
      shall be selected pro rata (as nearly as practicable without creating fractional
      units) or by lot or in such other equitable method prescribed by the
      Partnership.

     

    (c) Notwithstanding
      anything to the contrary contained herein, unless full cumulative distributions
      on all Series A Preferred Units shall have been or contemporaneously are
      authorized and paid or authorized and a sum sufficient for the payment thereof
      set apart for payment for all past distribution periods and the then current
      distribution period, no Series A Preferred Unit may be redeemed unless all
      of
      the outstanding Series A Preferred Units are simultaneously redeemed;
provided,
      however,
      that
      the foregoing shall not prevent the purchase by the Partnership of Series A
      Preferred Units necessary to ensure that the Company remains qualified as a
      REIT
      for federal income tax purposes or the purchase or acquisition of Series A
      Preferred Units pursuant to a purchase or exchange offer made on the same terms
      to holders of all of the Series A Preferred Units. In addition, unless full
      cumulative distributions on all Series A Preferred Units have been or
      contemporaneously are authorized and paid or authorized and a sum sufficient
      for
      the payment thereof set apart for payment for all past distribution periods
      and
      the then current distribution period, the Partnership shall not purchase or
      otherwise acquire directly or indirectly for any consideration, nor shall any
      monies be paid to or be made available for a sinking fund for the redemption
      of,
      any Series A Preferred Units (except in accordance with this Agreement or by
      conversion into or exchange for Common Units or any other Preferred Units of
      the
      Partnership ranking junior to the Series A Preferred Units as to distributions
      and upon liquidation;
      provided, however,
      that
      the foregoing shall not prevent any purchase or acquisition of Series A
      Preferred Units for the purpose of preserving the Company’s status as a REIT or
      pursuant to a purchase or exchange offer made on the same terms to holders
      of
      all of the outstanding Series A Preferred Units).

     

    (d) Immediately
      prior to any redemption of Series A Preferred Units, the Partnership shall
      pay,
      in cash, any accumulated and unpaid distributions through the redemption date,
      unless a redemption date falls after a Distribution Record Date and prior to
      the
      corresponding Distribution Payment Date, in which case each holder of Series
      A
      Preferred Units at the close of business on such Distribution Record Date shall
      be entitled to the distribution payable on such Series A Preferred Units on
      the
      corresponding Distribution Payment Date (including any accrued and unpaid
      distributions for prior periods) notwithstanding the redemption of such units
      before such Distribution Payment Date. Except as provided above, the Partnership
      will make no payment or allowance for unpaid distributions, whether or not
      in
      arrears, on Series A Preferred Units for which a notice of redemption has been
      given.

     

    (e) The
      following provisions set forth the procedures for redemption:

    (i) Notice
      of
      redemption shall be given to the respective holders of record of the Series
      A
      Preferred Units to be redeemed at their respective addresses as they appear
      on
      the unit transfer records of the Partnership. No failure to give such notice
      or
      any defect thereto or in the mailing thereof shall affect the validity of the
      proceedings for the redemption of any Series A Preferred Units except as to
      the
      holder to whom notice was defective or not given.

     

    
      
        
        

      

      
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    (ii) In
      addition to any information required by law or by the applicable rules of any
      exchange upon which the Series A Preferred Units may be listed or admitted
      to
      trading, such notice shall state: (A) the redemption date; (B) the redemption
      price; (C) the number of Series A Preferred Units to be redeemed; (D) the place
      or places where the Series A Preferred Units are to be surrendered for payment
      of the redemption price; and (E) that distributions on the Series A Preferred
      Units to be redeemed will cease to accumulate on such redemption date. If less
      than all of the Series A Preferred Units held by any holder are to be redeemed,
      the notice mailed to such holder shall also specify the number of Series A
      Preferred Units held by such holder to be redeemed.

     

    (iii) On
      or
      after the redemption date, each holder of the Series A Preferred Units to be
      redeemed shall present and surrender any certificates representing his Series
      A
      Preferred Units to the Partnership
      at
      the
      place designated in the notice of redemption and thereupon the redemption price
      of such units (including all accumulated and unpaid distributions up to the
      redemption date) shall be paid to or on the order of the person whose name
      appears on such certificate evidencing the Series A Preferred Units as the
      owner
      thereof and each surrendered certificate shall be canceled. If fewer than all
      the units evidenced by any such certificate evidencing the Series A Preferred
      Units to be redeemed, a new certificate shall be issued evidencing the
      unredeemed units.

     

    (iv) From
      and
      after the redemption date (unless the Partnership defaults in payment of the
      redemption price), all distributions on the Series A Preferred Units designated
      for redemption in such notice shall cease to accumulate and all rights of the
      holders thereof, except the right to receive the redemption price thereof
      payable upon redemption without interest (including all accumulated and unpaid
      distributions up to the redemption date), shall cease and terminate and such
      units shall not thereafter be transferred (except with the consent of the
      Partnership) on the Partnership’s unit transfer records, and such units shall
      not be deemed to be outstanding for any purpose whatsoever. At its election,
      the
      Partnership, prior to a redemption date, may irrevocably deposit the redemption
      price (including accumulated and unpaid distributions to the redemption date)
      of
      the Series A Preferred Units so called for redemption in trust for the holders
      thereof with a bank or trust company, in which case the redemption notice to
      holders of the Series A Preferred Units to be redeemed shall (A) state the
      date
      of such deposit, (B) specify the office of such bank or trust company as the
      place of payment of the redemption price and (C) require such holders to
      surrender the certificates evidencing such units at such place on or about
      the
      date fixed in such redemption notice (which may not be later than the redemption
      date) against payment of the redemption price (including all accumulated and
      unpaid distributions to the redemption date). Any monies so deposited which
      remain unclaimed by the holders of the Series A Preferred Units at the end
      of
      two years after the redemption date shall be returned by such bank or trust
      company to the Partnership.

     

    
      
        
        

      

      
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    (f) Any
      Series A Preferred Units that shall at any time have been redeemed shall, after
      such redemption, have the status of authorized but unissued Preferred Units,
      without designation as to series until such units are once more designated
      as
      part of a particular series by the Partnership.

     

    6.07 Voting
      Rights.

     

    (a) Holders
      of the Series A Preferred Units shall not have any voting rights, except as
      set
      forth below. In any matter in which the holders of Series A Preferred Units
      are
      entitled to vote, each such holder shall have the right to one vote for each
      Series A Preferred Unit held by such holder. If the holders of the Series A
      Preferred Units and the holders of another series of Preferred Units are
      entitled to vote together as a single class on any matter, the holders of the
      Series A Preferred Units and the holders of such other Preferred Units shall
      each have one vote for each $25.00 of liquidation preference.

     

    (b) So
      long
      as any Series A Preferred Units remain outstanding, the Company shall not,
      without the affirmative vote of the holders of at least two-thirds of the Series
      A Preferred Units outstanding at the time, given in person or by proxy, either
      in writing or at a meeting (such series voting separately as a class), (i)
      authorize or create, or increase the authorized or issued amount of, any class
      or series of Preferred Units ranking senior to the Series A Preferred Units
      with
      respect to distribution rights and or rights upon liquidation, dissolution
      or
      winding up of the Partnership, or reclassify any authorized Preferred Units
      of
      the Partnership into any class or series of Preferred Units ranking senior
      to
      the Series A Preferred Units, or create, authorize or issue any obligation
      or
      security convertible into or evidencing the right to purchase any such Preferred
      Units; or (ii) amend, alter or repeal the provisions of this Agreement, whether
      by merger or consolidation (in either case, an “Event”) or otherwise, so as to
      materially and adversely affect any right, preference, privilege or voting
      power
      of the Series A Preferred Units or the holders thereof; provided, however,
      that
      with respect to the occurrence of any Event set forth in (ii) above, so long
      as
      any Series A Preferred Units (or any equivalent class or series of units issued
      by the surviving entity in such merger or consolidation to which the Partnership
      is a party) remains outstanding with the terms thereof materially unchanged,
      taking into account that upon the occurrence of an Event, the Partnership may
      not be the surviving entity and such surviving entity may thereafter be the
      issuer of the Series A Preferred Units (or such equivalent class or series),
      the
      occurrence of any such Event shall not be deemed to materially and adversely
      affect such rights, preferences, privileges or voting powers of the Series
      A
      Preferred Units or the holders thereof; and provided further that (x) any
      increase in the amount of the authorized Preferred Units or the creation or
      issuance of any other class or series of Preferred Units, or (y) any increase
      in
      the amount of authorized Series A Preferred Units or any other class or series
      of Preferred Units, in the case of each of (x) or (y) above ranking on a parity
      with or junior to the Series A Preferred Units with respect to distribution
      rights and rights upon liquidation, dissolution or winding up of the
      Partnership, shall not be deemed to materially and adversely affect such rights,
      preferences, privileges or voting powers.

     

    (c) The
      foregoing voting provisions shall not apply if, at or prior to the time when
      the
      act with respect to which such vote would otherwise be required shall be
      effected, all outstanding Series A Preferred Units shall have been redeemed
      or
      called for redemption upon proper
      notice and sufficient funds shall have been deposited in the Partnership to
      effect such redemption.

     

    
      
        
        

      

      
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    6.08 No
      Conversion Rights.
      The
      Series A Preferred Units shall not be convertible into or exchangeable for
      any
      other property or securities of the Partnership or any other
      entity.

     

    6.09  Exclusion
      of Other Rights.
      The
      Series A Preferred Units shall not have any preferences or other rights, voting
      powers, restrictions, limitations as to distributions, qualifications or terms
      or conditions of redemption other than expressly set forth in this
      Agreement.

     

    6.10 Severability
      of Provisions.
      If any
      preferences or other rights, voting powers, restrictions, limitations as to
      distributions, qualifications or terms or conditions of redemption of the Series
      A Preferred Units set forth in this Agreement are invalid, unlawful or incapable
      of being enforced by reason of any rule of law or public policy, all other
      preferences or other rights, voting powers, restrictions, limitations as to
      distributions, qualifications or terms or conditions of redemption of Series
      A
      Preferred Units set forth in this Agreement which can be given effect without
      the invalid, unlawful or unenforceable provision thereof shall, nevertheless,
      remain in full force and effect and no preferences or other rights, voting
      powers, restrictions, limitations as to distributions, qualifications or terms
      or conditions of redemption of the Series A Preferred Units herein set forth
      shall be deemed dependent upon any other provision thereof unless so expressed
      therein.

     

    ARTICLE
      VII

     

    RIGHTS,
      OBLIGATIONS AND

    POWERS
      OF THE GENERAL PARTNER

     

    7.01 Management
      of the Partnership.

     

    (a) Except
      as
      otherwise expressly provided in this Agreement, the General Partner shall have
      full, complete and exclusive discretion to manage and control the business
      of
      the Partnership for the purposes herein stated, and shall make all decisions
      affecting the business and assets of the Partnership. Subject to the
      restrictions specifically contained in this Agreement, the powers of the General
      Partner shall include, without limitation, the authority to take the following
      actions on behalf of the Partnership:

     

    (i) to
      acquire, purchase, own, operate, lease and dispose of any real property and
      any
      other property or assets including, but not limited to, any property contributed
      by any Limited Partner and notes and mortgages that the General Partner
      determines are necessary or appropriate in the business of the
      Partnership;

     

    (ii) to
      construct buildings and make other improvements on the properties owned or
      leased by the Partnership;

     

    (iii) to
      authorize, issue, sell, redeem or otherwise purchase any Partnership Interests
      or any securities (including secured and unsecured debt obligations of the
      Partnership, debt obligations of the Partnership convertible into any class
      or
      series of
      Partnership Interests, or options, rights, warrants or appreciation rights
      relating to any Partnership Interests) of the Partnership;

     

    
      
        
        

      

      
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          25
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    (iv) to
      borrow
      or lend money for the Partnership, issue or receive evidences of indebtedness
      in
      connection therewith, refinance, increase the amount of, modify, amend or change
      the terms of, or extend the time for the payment of, any such indebtedness,
      and
      secure indebtedness by mortgage, deed of trust, pledge or other lien on the
      Partnership’s assets;

     

    (v) to
      pay,
      either directly or by reimbursement, for all operating costs and general
      administrative expenses of the Partnership to third parties or to the General
      Partner or its Affiliates as set forth in this Agreement;

     

    (vi) to
      guarantee or become a co-maker of indebtedness of any Subsidiary of the Company,
      refinance, increase the amount of, modify, amend or change the terms of, or
      extend the time for the payment of, any such guarantee or indebtedness, and
      secure such guarantee or indebtedness by mortgage, deed of trust, pledge or
      other lien on the Partnership’s assets;

     

    (vii) to
      use
      assets of the Partnership (including, without limitation, cash on hand) for
      any
      purpose consistent with this Agreement, including, without limitation, payment,
      either directly or by reimbursement, of all operating costs and general and
      administrative expenses of the General Partner, the Partnership or any
      Subsidiary of either, to third parties or to the General Partner as set forth
      in
      this Agreement;

     

    (viii) to
      lease
      all or any portion of any of the Partnership’s assets, whether or not the terms
      of such leases extend beyond the termination date of the Partnership and whether
      or not any portion of the Partnership’s assets so leased are to be occupied by
      the lessee, or, in turn, subleased in whole or in part to others, for such
      consideration and on such terms as the General Partner may
      determine;

     

    (ix) to
      prosecute, defend, arbitrate or compromise any and all claims or liabilities
      in
      favor of or against the Partnership, on such terms and in such manner as the
      General Partner may reasonably determine, and similarly to prosecute, settle
      or
      defend litigation with respect to the Partners, the Partnership or the
      Partnership’s assets;

     

    (x) to
      file
      applications, communicate and otherwise deal with any and all governmental
      agencies having jurisdiction over, or in any way affecting, the Partnership’s
      assets or any other aspect of the Partnership business;

     

    (xi) to
      make
      or revoke any election permitted or required of the Partnership by any taxing
      authority;

     

    (xii) to
      maintain such insurance coverage for public liability, fire and casualty, and
      any and all other insurance for the protection of the Partnership, for the
      conservation of Partnership assets, or for any other purpose convenient or
      beneficial to the Partnership, in such amounts and such types, as it shall
      determine from time to time;

     

    
      
        
        

      

      
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          26
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    (xiii) to
      determine whether or not to apply any insurance proceeds for any property to
      the
      restoration of such property or to distribute the same;

     

    (xiv) to
      establish one or more divisions of the Partnership, to hire and dismiss
      employees of the Partnership or any division of the Partnership, and to retain
      legal counsel, accountants, consultants, real estate brokers and such other
      persons as the General Partner may deem necessary or appropriate in connection
      with the Partnership business and to pay therefor such reasonable remuneration
      as the General Partner may deem reasonable and proper;

     

    (xv) to
      retain
      other services of any kind or nature in connection with the Partnership
      business, and to pay therefor such remuneration as the General Partner may
      deem
      reasonable and proper;

     

    (xvi) to
      negotiate and conclude agreements on behalf of the Partnership with respect
      to
      any of the rights, powers and authority conferred upon the General
      Partner;

     

    (xvii) to
      maintain accurate accounting records and to file promptly all federal, state
      and
      local income tax returns on behalf of the Partnership;

     

    (xviii) to
      distribute Partnership cash or other Partnership assets in accordance with
      this
      Agreement;

     

    (xix) to
      form
      or acquire an interest in, and contribute property to, any further limited
      or
      general partnerships, joint ventures or other relationships that it deems
      desirable (including, without limitation, the acquisition of interests in,
      and
      the contributions of property to, its Subsidiaries and any other Person in
      which
      it has an equity interest from time to time);

     

    (xx) to
      establish Partnership reserves for working capital, capital expenditures,
      contingent liabilities or any other valid Partnership purpose;

     

    (xxi) to
      merge,
      consolidate or combine the Partnership with or into another person;

     

    (xxii) to
      do any
      and all acts and things necessary or prudent to ensure that the Partnership
      will
      not be classified as a “publicly traded partnership” taxable as a corporation
      under Section 7704 of the Code; and

     

    (xxiii) to
      take
      such other action, execute, acknowledge, swear to or deliver such other
      documents and instruments, and perform any and all other acts that the General
      Partner deems necessary or appropriate for the formation, continuation and
      conduct of the business and affairs of the Partnership (including, without
      limitation, all actions consistent with allowing the Company at all times to
      qualify as a REIT unless the Company voluntarily terminates its REIT status)
      and
      to possess and enjoy all of the rights and powers of a general partner as
      provided by the Act.

     

    
      
        
        

      

      
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          27
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    (b) Except
      as
      otherwise provided herein, to the extent the duties of the General Partner
      require expenditures of funds to be paid to third parties, the General Partner
      shall not have any obligations hereunder except to the extent that partnership
      funds are reasonably available to it for the performance of such duties, and
      nothing herein contained shall be deemed to authorize or require the General
      Partner, in its capacity as such, to expend its individual funds for payment
      to
      third parties or to undertake any individual liability or obligation on behalf
      of the Partnership.

     

    7.02 Delegation
      of Authority.
      The
      General Partner may delegate any or all of its powers, rights and obligations
      hereunder, and may appoint, employ, contract or otherwise deal with any Person
      for the transaction of the business of the Partnership, which Person may, under
      supervision of the General Partner, perform any acts or services for the
      Partnership as the General Partner may approve.

     

    7.03 Indemnification
      and Exculpation of Indemnitees.

     

    (a) The
      Partnership shall indemnify an Indemnitee from and against any and all losses,
      claims, damages, liabilities, joint or several, expenses (including reasonable
      legal fees and expenses), judgments, fines, settlements, and other amounts
      arising from any and all claims, demands, actions, suits or proceedings, civil,
      criminal, administrative or investigative, that relate to the operations of
      the
      Partnership as set forth in this Agreement in which any Indemnitee may be
      involved, or is threatened to be involved, as a party or otherwise, unless
      it is
      established that: (i) the act or omission of the Indemnitee was material to
      the
      matter giving rise to the proceeding and either was committed in bad faith
      or
      was the result of active and deliberate dishonesty; (ii) the Indemnitee actually
      received an improper personal benefit in money, property or services; or (iii)
      in the case of any criminal proceeding, the Indemnitee had reasonable cause
      to
      believe that the act or omission was unlawful. The termination of any proceeding
      by judgment, order or settlement does not create a presumption that the
      Indemnitee did not meet the requisite standard of conduct set forth in this
      Section 7.03(a).
      The
      termination of any proceeding by conviction or upon a plea of nolo contendere
      or
      its equivalent, or an entry of an order of probation prior to judgment, creates
      a rebuttable presumption that the Indemnitee acted in a manner contrary to
      that
      specified in this Section 7.03(a).
      Any
      indemnification pursuant to this Section 7.03
      shall be
      made only out of the assets of the Partnership.

     

    (b) The
      Partnership shall reimburse an Indemnitee for reasonable expenses incurred
      by an
      Indemnitee who is a party to a proceeding in advance of the final disposition
      of
      the proceeding upon receipt by the Partnership of (i) a written affirmation
      by
      the Indemnitee of the Indemnitee’s good faith belief that the standard of
      conduct necessary for indemnification by the Partnership as authorized in this
      Section 7.03
      has been
      met, and (ii) a written undertaking by or on behalf of the Indemnitee to repay
      the amount if it shall ultimately be determined that the standard of conduct
      has
      not been met.

     

    (c) The
      indemnification provided by this Section 7.03
      shall be
      in addition to any other rights to which an Indemnitee or any other Person
      may
      be entitled under any agreement, pursuant to any vote of the Partners, as a
      matter of law or otherwise, and shall continue as to an Indemnitee who has
      ceased to serve in such capacity.

     

    
      
        
        

      

      
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    (d) The
      Partnership may purchase and maintain insurance, on behalf of the Indemnitees
      and such other Persons as the General Partner shall determine, against any
      liability that may be asserted against or expenses that may be incurred by
      such
      Person in connection with the Partnership’s activities, regardless of whether
      the Partnership would have the power to indemnify such Person against such
      liability under the provisions of this Agreement.

     

    (e) For
      purposes of this Section 7.03,
      the
      Partnership shall be deemed to have requested an Indemnitee to serve as
      fiduciary of an employee benefit plan whenever the performance by it of its
      duties to the Partnership also imposes duties on, or otherwise involves services
      by, it to the plan or participants or beneficiaries of the plan; excise taxes
      assessed on an Indemnitee with respect to an employee benefit plan pursuant
      to
      applicable law shall constitute fines within the meaning of this Section
7.03;
      and
      actions taken or omitted by the Indemnitee with respect to an employee benefit
      plan in the performance of its duties for a purpose reasonably believed by
      it to
      be in the interest of the participants and beneficiaries of the plan shall
      be
      deemed to be for a purpose that is not opposed to the best interests of the
      Partnership.

     

    (f) In
      no
      event may an Indemnitee subject the Limited Partners to personal liability
      by
      reason of the indemnification provisions set forth in this
      Agreement.

     

    (g) An
      Indemnitee shall not be denied indemnification in whole or in part under this
      Section 7.03
      because
      the Indemnitee had an interest in the transaction with respect to which the
      indemnification applies if the transaction was otherwise permitted by the terms
      of this Agreement.

     

    (h) The
      provisions of this Section 7.03
      are for
      the benefit of the Indemnitees, their heirs, successors, assigns and
      administrators and shall not be deemed to create any rights for the benefit
      of
      any other Persons.

     

    (i) Any
      amendment, modification or repeal of this Section 7.03
      or any
      provision hereof shall be prospective only and shall not in any way affect
      the
      indemnification of an Indemnitee by the Partnership under this Section
7.03
      as in
      effect immediately prior to such amendment, modification or repeal with respect
      to matters occurring, in whole or in part, prior to such amendment, modification
      or repeal, regardless of when claims relating to such matters may arise or
      be
      asserted.

     

    7.04 Liability
      of the General Partner.

     

    (a) Notwithstanding
      anything to the contrary set forth in this Agreement, the General Partner shall
      not be liable for monetary damages to the Partnership or any Partners for losses
      sustained or liabilities incurred as a result of errors in judgment or of any
      act or omission if the General Partner acted in good faith. The General Partner
      shall not be in breach of any duty that the General Partner may owe to the
      Limited Partners or the Partnership or any other Persons under this Agreement
      or
      of any duty stated or implied by law or equity provided the General Partner,
      acting in good faith, abides by the terms of this Agreement.

     

    (b) The
      Limited Partners expressly acknowledge that the General Partner is acting on
      behalf of the Partnership and the Company’s shareholders collectively, that the
      General Partner is under no obligation to consider the separate interests of
      the
      Limited Partners (including,
      without limitation, the tax consequences to Limited Partners or the tax
      consequences of some, but not all, of the Limited Partners) in deciding whether
      to cause the Partnership to take (or decline to take) any actions. In the event
      of a conflict between the interests of the shareholders of the Company on one
      hand and the Limited Partners on the other, the General Partner shall endeavor
      in good faith to resolve the conflict in a manner not adverse to either the
      shareholders of the Company or the Limited Partners; provided,
      however,
      that
      for so long as the General Partner or the Company owns a controlling interest
      in
      the Partnership, any such conflict that the General Partner, in its sole and
      absolute discretion, determines cannot be resolved in a manner not adverse
      to
      either the shareholders of the Company or the Limited Partners shall be resolved
      in favor of the shareholders. The General Partner shall not be liable for
      monetary damages for losses sustained, liabilities incurred or benefits not
      derived by Limited Partners in connection with such decisions, provided that
      the
      General Partner has acted in good faith.

     

    
      
        
        

      

      
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    (c) Subject
      to its obligations and duties as General Partner set forth in Section
7.01
      hereof,
      the General Partner may exercise any of the powers granted to it under this
      Agreement and perform any of the duties imposed upon it hereunder either
      directly or by or through its agents. The General Partner shall not be
      responsible for any misconduct or negligence on the part of any such agent
      appointed by it in good faith.

     

    (d) Notwithstanding
      any other provisions of this Agreement or the Act, any action of the General
      Partner on behalf of the Partnership or any decision of the General Partner
      to
      refrain from acting on behalf of the Partnership, undertaken in the good faith
      belief that such action or omission is necessary or advisable in order (i)
      to
      protect the ability of the Company to continue to qualify as a REIT or (ii)
      to
      prevent the Company from incurring any taxes under Section 857, Section 4981,
      or
      any other provision of the Code, is expressly authorized under this Agreement
      and is deemed approved by all of the Limited Partners.

     

    (e) Any
      amendment, modification or repeal of this Section 7.04
      or any
      provision hereof shall be prospective only and shall not in any way affect
      the
      limitations on the General Partner’s liability to the Partnership and the
      Limited Partners under this Section 7.04
      as in
      effect immediately prior to such amendment, modification or repeal with respect
      to matters occurring, in whole or in part, prior to such amendment, modification
      or repeal, regardless of when claims relating to such matters may arise or
      be
      asserted.

     

    7.05 Partnership
      Obligations.

     

    (a) Except
      as
      provided in this Section 7.05
      and
      elsewhere in this Agreement (including the provisions of Articles V
      and
VII
      regarding distributions, payments and allocations to which it may be entitled),
      the General Partner shall not be compensated for its services as general partner
      of the Partnership.

     

    (b) All
      Administrative Expenses shall be obligations of the Partnership, and the General
      Partner shall be entitled to reimbursement by the Partnership for any
      expenditure (including Administrative Expenses) incurred by it on behalf of
      the
      Partnership that shall be made other than out of the funds of the
      Partnership.

     

    
      
        
        

      

      
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    7.06 Outside
      Activities.
      Subject
      to any agreements entered into by the General Partner or its Affiliates with
      the
      Partnership or a Subsidiary, any officer, director, employee, agent, trustee,
      Affiliate or shareholder of the General Partner, the General Partner shall
      be
      entitled to and may have business interests and engage in business activities
      in
      addition to those relating to the Partnership, including business interests
      and
      activities substantially similar or identical to those of the Partnership.
      Neither the Partnership nor any of the Limited Partners shall have any rights
      by
      virtue of this Agreement in any such business ventures, interest or activities.
      None of the Limited Partners nor any other Person shall have any rights by
      virtue of this Agreement or the partnership relationship established hereby
      in
      any such business ventures, interests or activities, and the General Partner
      shall have no obligation pursuant to this Agreement to offer any interest in
      any
      such business ventures, interests and activities to the Partnership or any
      Limited Partner, even if such opportunity is of a character that, if presented
      to the Partnership or any Limited Partner, could be taken by such
      Person.

     

    7.07 Employment
      or Retention of Affiliates.

     

    (a) Any
      Affiliate of the General Partner may be employed or retained by the Partnership
      and may otherwise deal with the Partnership (whether as a buyer, lessor, lessee,
      manager, furnisher of goods or services, broker, agent, lender or otherwise)
      and
      may receive from the Partnership any compensation, price or other payment
      therefor that the General Partner determines to be fair and
      reasonable.

     

    (b) The
      Partnership may lend or contribute to its Subsidiaries or other Persons in
      which
      it has an equity investment, and such Persons may borrow funds from the
      Partnership, on terms and conditions established in the sole and absolute
      discretion of the General Partner. The foregoing authority shall not create
      any
      right or benefit in favor of any Subsidiary or any other Person.

     

    (c) The
      Partnership may transfer assets to joint ventures, other partnerships,
      corporations or other business entities in which it is or thereby becomes a
      participant upon such terms and subject to such conditions as the General
      Partner deems are consistent with this Agreement and applicable
      law.

     

    7.08 Title
      to Partnership Assets.
      Title
      to Partnership assets, whether real, personal or mixed and whether tangible
      or
      intangible, shall be deemed to be owned by the Partnership as an entity, and
      no
      Partner, individually or collectively, shall have any ownership interest in
      such
      Partnership assets or any portion thereof. Title to any or all of the
      Partnership assets may be held in the name of the Partnership, the General
      Partner or one or more nominees, as the General Partner may determine, including
      Affiliates of the General Partner. The General Partner hereby declares and
      warrants that any Partnership assets for which legal title is held in the name
      of the General Partner or any nominee or Affiliate of the General Partner shall
      be held by the General Partner for the use and benefit of the Partnership in
      accordance with the provisions of this Agreement; provided,
      however,
      that
      the General Partner shall use its best efforts to cause beneficial and record
      title to such assets to be vested in the Partnership as soon as reasonably
      practicable. All Partnership assets shall be recorded as the property of the
      Partnership in its books and records, irrespective of the name in which legal
      title to such Partnership assets is held.

     

    
      
        
        

      

      
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    ARTICLE
      VIII

     

    CHANGES
      IN GENERAL PARTNER

     

    8.01 Transfer
      of the General Partner’s Partnership Interest.

     

    (a) The
      General Partner shall not transfer all or any portion of its Partnership
      Interest or withdraw as General Partner except as provided in or in connection
      with a transaction contemplated by Section 8.01(c),
      (d)
      or
(e).

     

    (b) The
      General Partner agrees that at all times it will own in the aggregate at least
      1% of the outstanding Common Units, as determined by dividing the Common Units
      owned by the General Partner by the total number of Common Units then
      outstanding.

     

    (c) Except
      as
      otherwise provided in Section 8.01(d)
      or
(e)
      hereof,
      the Company shall not engage in any merger, consolidation or other combination
      with or into another Person or sale of all or substantially all of its assets
      (other than in connection with a change in the Company’s state of incorporation
      or organizational form), in each case which results in a change of control
      of
      the Company (a “Transaction”), unless:

     

    (i) the
      consent of Limited Partners (other than the Company or any Subsidiary) holding
      more than 50% of the outstanding Common Units (other than those held by the
      Company or any Subsidiary) is obtained;

     

    (ii) as
      a
      result of such Transaction all Limited Partners will receive for each
      Partnership Unit an amount of cash, securities or other property equal to the
      product of the Conversion Factor and the greatest amount of cash, securities
      or
      other property paid in the Transaction to a holder of one REIT Share in
      consideration of one REIT Share, provided that
      if, in
      connection with the Transaction, a purchase, tender or exchange offer (“Offer”)
      shall have been made to and accepted by the holders of more than 50% of the
      outstanding REIT Shares, each Limited Partner shall be given the option to
      exchange its Partnership Units for the greatest amount of cash, securities
      or
      other property that a Limited Partner would have received had it (A) exercised
      its Redemption Right and (B) sold, tendered or exchanged pursuant to the Offer
      the REIT Shares received upon exercise of the Redemption Right immediately
      prior
      to the expiration of the Offer; or

     

    (iii) the
      Company is the surviving entity in the Transaction and either (A) the
      holders of REIT Shares do not receive cash, securities or other property in
      the
      Transaction or (B) all Limited Partners (other than the Company or any
      Subsidiary) receive an amount of cash, securities or other property (expressed
      as an amount per REIT Share) that is no less than the product of the Conversion
      Factor and the greatest amount of cash, securities or other property (expressed
      as an amount per REIT Share) received in the Transaction by any holder of REIT
      Shares in respect of its REIT Shares.

     

    
      
        
        

      

      
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    (d) Notwithstanding
      Section 8.01(c),
      the
      Company may merge with or into or consolidate with another entity if immediately
      after such merger or consolidation (i) substantially all of the assets of the
      successor or surviving entity (the “Survivor”), other than Partnership Units
held
      by
      the Company and any other assets of the Company held outside the Partnership,
      are contributed, directly or indirectly, to the Partnership as a Capital
      Contribution in exchange for Partnership Units with a fair market value equal
      to
      the value of the assets so contributed as determined by the Survivor in good
      faith and (ii) the Survivor expressly agrees to assume all obligations of the
      Company hereunder. Upon such contribution and assumption, the Survivor shall
      have the right and duty to amend this Agreement as set forth in this Section
      8.01(d).
      The
      Survivor shall in good faith arrive at a new method for the calculation of
      the
      Cash Amount, the REIT Shares Amount and Conversion Factor for a Partnership
      Unit
      after any such merger or consolidation so as to approximate the existing method
      for such calculation as closely as reasonably possible. Such calculation shall
      take into account, among other things, the kind and amount of securities, cash
      and other property that was receivable upon such merger or consolidation by
      a
      holder of REIT Shares or options, warrants or other rights relating thereto,
      and
      which a holder of Partnership Units could have acquired had such Partnership
      Units been exchanged immediately prior to such merger or consolidation. Such
      amendment to this Agreement shall provide for adjustment to such method of
      calculation, which shall be as nearly equivalent as may be practicable to the
      adjustments provided for with respect to the Conversion Factor. The Survivor
      also shall in good faith modify the definition of REIT Shares and make such
      amendments to Section 9.04
      hereof
      so as to approximate the existing rights and obligations set forth in Section
      9.04
      as
      closely as reasonably possible. The above provisions of this Section
8.01(d)
      shall
      similarly apply to successive mergers or consolidations permitted
      hereunder.

     

    (e) Notwithstanding
      anything in this Article VIII,

     

    (i) a
      General
      Partner may transfer all or any portion of its General Partnership Interest
      to
      (A) a wholly-owned Subsidiary of such General Partner or (B) the owner of all
      of
      the ownership interests of such General Partner, and following a transfer of
      all
      of its General Partnership Interest, may withdraw as General Partner;
      and

     

    (ii) the
      General Partner may engage in a transaction required by law or by the rules
      of
      any national securities exchange on which the REIT Shares are
      listed.

     

    8.02 Admission
      of a Substitute or Additional General Partner.
      A
      Person shall be admitted as a substitute or additional General Partner of the
      Partnership only if the following terms and conditions are
      satisfied:

     

    (a) the
      Person to be admitted as a substitute or additional General Partner shall have
      accepted and agreed to be bound by all the terms and provisions of this
      Agreement by executing a counterpart thereof and such other documents or
      instruments as may be required or appropriate in order to effect the admission
      of such Person as a General Partner, to the extent required, a certificate
      evidencing the admission of such Person as a General Partner shall have been
      filed for recordation and all other actions required in connection with such
      admission shall have been performed;

     

    (b) if
      the
      Person to be admitted as a substitute or additional General Partner is a
      corporation or a partnership, it shall have provided the Partnership with
      evidence satisfactory to counsel for the Partnership of such Person’s authority
      to become a General Partner and to be bound by the terms and provisions of
      this
      Agreement; and

     

    
      
        
        

      

      
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    (c) counsel
      for the Partnership shall have rendered an opinion (relying on such opinions
      from other counsel and the state or any other jurisdiction as may be necessary)
      that the admission of the Person to be admitted as a substitute or additional
      General Partner is in conformity with the Act, that none of the actions taken
      in
      connection with the admission of such Person as a substitute or additional
      General Partner will cause (i) the Partnership to be classified other than
      as a
      partnership for federal income tax purposes, or (ii) the loss of any Limited
      Partner’s limited liability.

     

    8.03 Effect
      of Bankruptcy, Withdrawal, Death or Dissolution of a General
      Partner.

     

    (a) Upon
      the
      occurrence of an Event of Bankruptcy as to a General Partner (and its removal
      pursuant to Section 8.04(a)
      hereof)
      or the death, withdrawal, removal or dissolution of a General Partner (except
      that, if a General Partner is on the date of such occurrence a partnership,
      the
      withdrawal, death, dissolution, Event of Bankruptcy as to, or removal of a
      partner in, such partnership shall be deemed not to be a dissolution of such
      General Partner if the business of such General Partner is continued by the
      remaining partner or partners), the Partnership shall be dissolved and
      terminated unless the Partnership is continued pursuant to Section 8.03(b)
      hereof.
      The merger of the General Partner with or into any entity that is admitted
      as a
      substitute or successor General Partner pursuant to Section 8.02
      hereof
      shall not be deemed to be the withdrawal, dissolution or removal of the General
      Partner.

     

    (b) Following
      the occurrence of an Event of Bankruptcy as to a General Partner (and its
      removal pursuant to Section 8.04(a)
      hereof)
      or the death, withdrawal, removal or dissolution of a General Partner (except
      that, if a General Partner is on the date of such occurrence a partnership,
      the
      withdrawal, death, dissolution, Event of Bankruptcy as to, or removal of a
      partner in, such partnership shall be deemed not to be a dissolution of such
      General Partner if the business of such General Partner is continued by the
      remaining partner or partners), the Limited Partners, within 90 days after
      such
      occurrence, may elect to continue the business of the Partnership for the
      balance of the term specified in Section 2.03
      hereof
      by selecting, subject to Section 8.02
      hereof
      and any other provisions of this Agreement, a substitute General Partner by
      consent of a majority in interest of the Limited Partners. If the Limited
      Partners elect to continue the business of the Partnership and admit a
      substitute General Partner, the relationship with the Partners and of any Person
      who has acquired an interest of a Partner in the Partnership shall be governed
      by this Agreement.

     

    8.04 Removal
      of a General Partner.

     

    (a) Upon
      the
      occurrence of an Event of Bankruptcy as to, or the dissolution of, a General
      Partner, such General Partner shall be deemed to be removed automatically;
      provided,
      however,
      that if
      a General Partner is on the date of such occurrence a partnership, the
      withdrawal, death, dissolution, Event of Bankruptcy as to or removal of a
      partner in such partnership shall be deemed not to be a dissolution of the
      General Partner if the business of such General Partner is continued by the
      remaining partner or partners. The Limited Partners may not remove the General
      Partner, with or without cause.

     

    
      
        
        

      

      
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    (b) If
      a
      General Partner has been removed pursuant to this Section 8.04
      and the
      Partnership is continued pursuant to Section 8.03
      hereof,
      such General Partner shall promptly transfer and assign its General Partnership
      Interest in the Partnership to the substitute General Partner approved by a
      majority in interest of the Limited Partners in accordance with Section
8.03(b)
      hereof
      and otherwise admitted to the Partnership in accordance with Section
8.02
      hereof.
      At the time of assignment, the removed General Partner shall be entitled to
      receive from the substitute General Partner the fair market value of the General
      Partnership Interest of such removed General Partner as reduced by any damages
      caused to the Partnership by such General Partner. Such fair market value shall
      be determined by an appraiser mutually agreed upon by the General Partner and
      a
      majority in interest of the Limited Partners within 10 days following the
      removal of the General Partner. In the event that the parties are unable to
      agree upon an appraiser, the removed General Partner and a majority in interest
      of the Limited Partners each shall select an appraiser. Each such appraiser
      shall complete an appraisal of the fair market value of the removed General
      Partner’s General Partnership Interest within 30 days of the General Partner’s
      removal, and the fair market value of the removed General Partner’s General
      Partnership Interest shall be the average of the two appraisals; provided,
      however,
      that if
      the higher appraisal exceeds the lower appraisal by more than 20% of the amount
      of the lower appraisal, the two appraisers, no later than 40 days after the
      removal of the General Partner, shall select a third appraiser who shall
      complete an appraisal of the fair market value of the removed General Partner’s
      General Partnership Interest no later than 60 days after the removal of the
      General Partner. In such case, the fair market value of the removed General
      Partner’s General Partnership Interest shall be the average of the two
      appraisals closest in value.

     

    (c) The
      General Partnership Interest of a removed General Partner, during the time
      after
      default until transfer under Section 8.04(b),
      shall
      be converted to that of a special Limited Partner; provided,
      however,
      such
      removed General Partner shall not have any rights to participate in the
      management and affairs of the Partnership, and shall not be entitled to any
      portion of the income, expense, profit, gain or loss allocations or cash
      distributions allocable or payable, as the case may be, to the Limited Partners.
      Instead, such removed General Partner shall receive and be entitled only to
      retain distributions or allocations of such items that it would have been
      entitled to receive in its capacity as General Partner, until the transfer
      is
      effective pursuant to Section 8.04(b).

     

    (d) All
      Partners shall have given and hereby do give such consents, shall take such
      actions and shall execute such documents as shall be legally necessary and
      sufficient to effect all the foregoing provisions of this Section.

     

    ARTICLE
      IX

     

    RIGHTS
      AND OBLIGATIONS

    OF
      THE LIMITED PARTNERS

     

    9.01 Management
      of the Partnership.
      The
      Limited Partners shall not participate in the management or control of
      Partnership business nor shall they transact any business for the Partnership,
      nor shall they have the power to sign for or bind the Partnership, such powers
      being vested solely and exclusively in the General Partner.

     

    
      
        
        

      

      
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    9.02 Power
      of Attorney.
      Each
      Limited Partner hereby irrevocably appoints the General Partner its true and
      lawful attorney-in-fact, who may act for each Limited Partner and in its name,
      place and stead, and for its use and benefit, to sign, acknowledge, swear to,
      deliver, file or record, at the appropriate public offices, any and all
      documents, certificates and instruments as may be deemed necessary or desirable
      by the General Partner to carry out fully the provisions of this Agreement
      and
      the Act in accordance with their terms, including amendments hereto, which
      power
      of attorney is coupled with an interest and shall survive the death, dissolution
      or legal incapacity of the Limited Partner, or the transfer by the Limited
      Partner of any part or all of its Partnership Interest.

     

    9.03 Limitation
      on Liability of Limited Partners.
      No
      Limited Partner shall be liable for any debts, liabilities, contracts or
      obligations of the Partnership. A Limited Partner shall be liable to the
      Partnership only to make payments of its Capital Contribution, if any, as and
      when due hereunder. After its Capital Contribution is fully paid, no Limited
      Partner shall, except as otherwise required by the Act, be required to make
      any
      further Capital Contributions or other payments or lend any funds to the
      Partnership.

     

    9.04 Redemption
      Right.

     

    (a) Subject
      to the provisions of this Section 9.04
      and the
      provisions of any agreements between the Partnership and one or more Limited
      Partners with respect to Partnership Units held by them, each Limited Partner,
      other than the Company, shall have the right (the “Redemption Right”) to require
      the Partnership to redeem on a Specified Redemption Date all or a portion of
      the
      Partnership Units held by such Limited Partner at a redemption price equal
      to
      and in the form of the Redemption Amount to be paid by the Partnership,
provided
      that
      such
      Partnership Units shall have been outstanding for at least two years, and
      subject to any restriction agreed to in writing between the Redeeming Limited
      Partner and the General Partner. The Redemption Right shall be exercised
      pursuant to a Notice of Redemption delivered to the Partnership (with a copy
      to
      the General Partner) by the Limited Partner who is exercising the Redemption
      Right (the “Redeeming Limited Partner”); provided,
      however,
      that
      the Partnership shall, in its sole and absolute discretion, have the option
      to
      deliver either the Cash Amount or the REIT Shares Amount upon such redemption;
      provided,
      further,
      that
      the Partnership shall not be obligated to satisfy such Redemption Right if
      the
      General Partner elects to purchase the Partnership Units subject to the Notice
      of Redemption; and provided,
      further,
      that no
      Limited Partner may deliver more than two Notices of Redemption during each
      calendar year. A Limited Partner may not exercise the Redemption Right for
      less
      than 1,000 Partnership Units or, if such Limited Partner holds less than 1,000
      Partnership Units, all of the Partnership Units held by such Partner. The
      Redeeming Limited Partner shall have no right, with respect to any Partnership
      Units so redeemed, to receive any distribution paid with respect to Partnership
      Units if the record date for such distribution is on or after the Specified
      Redemption Date.

     

    (b) Notwithstanding
      the provisions of Section 9.04(a),
      a
      Limited Partner that exercises the Redemption Right shall be deemed to have
      offered to sell the Partnership Units described in the Notice of Redemption
      to
      the General Partner, and the General Partner may, in its sole and absolute
      discretion, elect to purchase directly and acquire such Partnership Units by
      paying to the Redeeming Limited Partner either the Cash Amount or the REIT
      Shares Amount, as elected by the General Partner (in its sole and absolute
      discretion), on the Specified Redemption
      Date, whereupon the General Partner shall acquire the Partnership Units offered
      for redemption by the Redeeming Limited Partner and shall be treated for all
      purposes of this Agreement as the owner of such Partnership Units. If the
      General Partner shall elect to exercise its right to purchase Partnership Units
      under this Section 9.04(b)
      with
      respect to a Notice of Redemption, it shall so notify the Redeeming Limited
      Partner within ten Business Days after the receipt by the General Partner of
      such Notice of Redemption.

     

    
      
        
        

      

      
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    In
      the
      event the General Partner shall exercise its right to purchase Partnership
      Units
      with respect to the exercise of a Redemption Right, the Partnership shall have
      no obligation to pay any amount to the Redeeming Limited Partner with respect
      to
      such Redeeming Limited Partner’s exercise of such Redemption Right, and each of
      the Redeeming Limited Partner, the Partnership and the General Partner shall
      treat the transaction between the General Partner and the Redeeming Limited
      Partner for federal income tax purposes as a sale of the Redeeming Limited
      Partner’s Partnership Units to the General Partner. Each Redeeming Limited
      Partner agrees to execute such documents as the General Partner may reasonably
      require in connection with the issuance of REIT Shares upon exercise of the
      Redemption Right.

     

    (c) Notwithstanding
      the provisions of Section 9.04(a)
      and
9.04(b),
      a
      Limited Partner shall not be entitled to exercise the Redemption Right if the
      delivery of REIT Shares to such Partner on the Specified Redemption Date by
      the
      General Partner pursuant to Section 9.04(b)
      (regardless of whether or not the General Partner would in fact exercise its
      rights under Section 9.04(b))
      would
      (i) result in such Partner or any other person owning, directly or indirectly,
      REIT Shares in excess of the Ownership Limitation (as defined in the Articles
      of
      Amendment and Restatement) and calculated in accordance therewith, except as
      provided in the Articles
      of Amendment and Restatement,
      (ii)
      result in REIT Shares being owned by fewer than 100 persons (determined without
      reference to any rules of attribution), (iii) result in the Company being
“closely held” within the meaning of Section 856(h) of the Code, (iv) cause the
      Company to own, directly or constructively, 10% or more of the ownership
      interests in a tenant of the Company’s, the Partnership’s or a Subsidiary
      Partnership’s real property, within the meaning of Section 856(d)(2)(B) of the
      Code, or (v) cause the acquisition of REIT Shares by such Partner to be
“integrated” with any other distribution of REIT Shares for purposes of
      complying with the registration provisions of the Securities Act of 1933, as
      amended (the “Securities Act”). The General Partner, in its sole and absolute
      discretion, may waive the restriction on redemption set forth in this Section
      9.04(c).

     

    (d) Any
      Cash
      Amount to be paid to a Redeeming Limited Partner pursuant to this Section
9.04
      shall be
      paid on the Specified Redemption Date; provided,
      however,
      that
      the General Partner may elect to cause the Specified Redemption Date to be
      delayed for up to an additional 90 days to the extent required for the Company
      to obtain financing for payment of the Cash Amount. Notwithstanding the
      foregoing, the General Partner agrees to use commercially reasonable efforts
      to
      cause the closing of the acquisition of redeemed Partnership Units hereunder
      to
      occur as quickly as reasonably possible.

     

    (e) Notwithstanding
      any other provision of this Agreement, the General Partner is authorized to
      take
      any action that it determines to be necessary or appropriate to cause the
      Partnership to comply with any withholding requirements established under the
      Code or any other federal, state or local law that apply upon a Redeeming
      Limited Partner’s exercise of the Redemption
      Right. If a Redeeming Limited Partner believes that it is exempt from such
      withholding upon the exercise of the Redemption Right, such Partner must furnish
      the General Partner with a FIRPTA Certificate in the form attached hereto as
      Exhibit
      C.
      If the
      Partnership or the General Partner is required to withhold and pay over to
      any
      taxing authority any amount upon a Redeeming Limited Partner’s exercise of the
      Redemption Right and if the Redemption Amount equals or exceeds the Withheld
      Amount, the Withheld Amount shall be treated as an amount received by such
      Partner in redemption of its Partnership Units. If, however, the Redemption
      Amount is less than the Withheld Amount, the Redeeming Limited Partner shall
      not
      receive any portion of the Redemption Amount, the Redemption Amount shall be
      treated as an amount received by such Partner in redemption of its Partnership
      Units, and the Partner shall contribute the excess of the Withheld Amount over
      the Redemption Amount to the Partnership before the Partnership is required
      to
      pay over such excess to a taxing authority.

     

    
      
        
        

      

      
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    (f) Notwithstanding
      any other provision of this Agreement, the General Partner shall place
      appropriate restrictions on the ability of the Limited Partners to exercise
      their Redemption Rights as and if deemed necessary to ensure that the
      Partnership does not constitute a “publicly traded partnership” taxable as a
      corporation under section 7704 of the Code. If and when the General Partner
      determines that imposing such restrictions is necessary, the General Partner
      shall give prompt written notice thereof (a “Restriction Notice”) to each of the
      Limited Partners, which notice shall be accompanied by a copy of an opinion
      of
      counsel to the Partnership that states that, in the opinion of such counsel,
      restrictions are necessary in order to avoid the Partnership being treated
      as a
“publicly traded partnership” under section 7704 of the Code.

     

    9.05 Registration.
      Subject
      to the terms of any agreement between the General Partner and one or more
      Limited Partners with respect to Partnership Units held by them:

     

    (a) Shelf
      Registration of the Common Stock.
      The
      Company agrees to file with the Commission, within two years following the
      date
      Partnership Units are issued, a shelf registration statement under Rule 415
      of
      the Securities Act (a “Registration Statement”), or any similar rule that may be
      adopted by the Commission, covering (i) the issuance of the Common Shares
      issuable upon redemption of the Partnership Units (“Redemption Shares”) and/or
      (ii) the resale of the Redemption Shares by the holder; provided,
      however,
      that
      only two such registrations may occur each year. In connection therewith, the
      Company will:

     

    (i) use
      reasonable commercial efforts to have such Registration Statement declared
      effective;

     

    (ii) furnish
      to each holder of Redemption Shares such number of copies of prospectuses,
      and
      supplements or amendments thereto, and such other documents as such holder
      reasonably requests;

     

    (iii) register
      or qualify the Redemption Shares covered by the Registration Statement under
      the
      securities or blue sky laws of such jurisdictions within the United States
      as
      any holder of Redemption Shares shall reasonably request, and do such other
      reasonable acts and things as may be required of it to enable such holders
      to
      consummate the sale or other disposition in such jurisdictions of the Redemption
      Shares; provided,
      however,
      that
      the Company shall not be required to (i) qualify as a foreign corporation or
      consent to a general or unlimited service or process in any jurisdictions in
      which it would not otherwise be required to be qualified or so consent or (ii)
      qualify as a dealer in securities; and

     

    
      
        
        

      

      
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    (iv) otherwise
      use commercially reasonable efforts to comply with all applicable rules and
      regulations of the Commission.

     

    The
      Company further agrees to supplement or make amendments to each Registration
      Statement, if required by the rules, regulations or instructions applicable
      to
      the registration form utilized by the Company or by the Securities Act or rules
      and regulations thereunder for such Registration Statement. Each Limited Partner
      agrees to furnish the Company, upon request, such information with respect
      to
      the Limited Partner as may be required to complete and file the Registration
      Statement.

     

    (b) Listing
      on Securities Exchange.
      If the
      Company shall list or maintain the listing of any Common Shares on any
      securities exchange or national market system, it will at its expense and as
      necessary to permit the registration and sale of the Redemption Shares
      hereunder, list thereon, maintain and, when necessary, increase such listing
      to
      include such Redemption Shares.

     

    (c) Registration
      Not Required.
      Notwithstanding the foregoing, the Company shall not be required to file or
      maintain the effectiveness of a registration statement relating to Redemption
      Shares after the first date upon which, in the opinion of counsel to the
      Company, all of the Redemption Shares covered thereby could be sold by the
      holders thereof in any period of three months pursuant to Rule 144 under the
      Securities Act, or any successor rule thereto.

     

    (d) Allocation
      of Expenses.
      The
      Partnership shall pay all expenses in connection with the Registration
      Statement, including without limitation (i) all expenses incident to filing
      with
      the National Association of Securities Dealers, Inc., (ii) registration fees,
      (iii) printing expenses, (iv) accounting and legal fees and expenses, except
      to
      the extent Limited Partners or holders of Redemption Shares elect to engage
      accountants or attorneys in addition to the accountants and attorneys engaged
      by
      the Company or the Partnership, (v) accounting expenses incident to or required
      by any such registration or qualification and (vi) expenses of complying with
      the securities or blue sky laws of any jurisdictions in connection with such
      registration or qualification; provided,
      however,
      the
      Partnership shall not be liable for (A) any discounts or commissions to any
      underwriter or broker attributable to the sale of Redemption Shares, or (B)
      any
      fees or expenses incurred by holders of Redemption Shares in connection with
      such registration that, according to the written instructions of any regulatory
      authority, the Partnership is not permitted to pay.

     

    (e) Indemnification.

     

    (i) In
      connection with the Registration Statement, the Company and the Partnership
      agree to indemnify holders of Redemption Shares within the meaning of Section
      15
      of the Securities Act, against all losses, claims, damages, liabilities and
      expenses (including reasonable costs of investigation) caused by any untrue,
      or
      alleged untrue,
      statement of a material fact contained in the Registration Statement,
      preliminary prospectus or prospectus (as amended or supplemented if the Company
      shall have furnished any amendments or supplements thereto) or caused by any
      omission or alleged omission, to state therein a material fact required to
      be
      stated therein or necessary to make the statements therein not misleading,
      except insofar as such losses, claims, damages, liabilities or expenses are
      caused by any untrue statement, alleged untrue statement, omission, or alleged
      omission based upon information furnished to the Company by the Limited Partner
      of the holder for use therein. The Company and each officer, director and
      controlling person of the Company shall be indemnified by each Limited Partner
      or holder of Redemption Shares covered by the Registration Statement for all
      such losses, claims, damages, liabilities and expenses (including reasonable
      costs of investigation) caused by any untrue, or alleged untrue, statement
      or
      any omission, or alleged omission, based upon information furnished to the
      Company by the Limited Partner or the holder for use therein.

     

    
      
        
        

      

      
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    (ii) Promptly
      upon receipt by a party indemnified under this Section 9.05(e)
      of
      notice of the commencement of any action against such indemnified party in
      respect of which indemnity or reimbursement may be sought against any
      indemnifying party under this Section 9.05(e),
      such
      indemnified party shall notify the indemnifying party in writing of the
      commencement of such action, but the failure to so notify the indemnifying
      party
      shall not relieve it of any liability that it may have to any indemnified party
      otherwise than under this Section 9.05(e)
      unless
      such failure shall materially adversely affect the defense of such action.
      In
      case notice of commencement of any such action shall be given to the
      indemnifying party as above provided, the indemnifying party shall be entitled
      to participate in and, to the extent it may wish, jointly with any other
      indemnifying party similarly notified, to assume the defense of such action
      at
      its own expense, with counsel chosen by it and reasonably satisfactory to such
      indemnified party. The indemnified party shall have the right to employ separate
      counsel in any such action and participate in the defense thereof, but the
      reasonable fees and expenses of such counsel (other than reasonable costs of
      investigation) shall be paid by the indemnified party unless (i) the
      indemnifying party agrees to pay the same, (ii) the indemnifying party fails
      to
      assume the defense of such action with counsel reasonably satisfactory to the
      indemnified party or (iii) the named parties to any such action (including
      any
      impleaded parties) have been advised by such counsel that representation of
      such
      indemnified party and the indemnifying party by the same counsel would be
      inappropriate under applicable standards of professional conduct (in which
      case
      the indemnified party shall have the right to separate counsel and the
      indemnifying party shall pay the reasonable fees and expenses of such separate
      counsel). No indemnifying party shall be liable for any settlement entered
      into
      without its consent.

     

    (f) Contribution.

     

    (i) If
      for
      any reason the indemnification provisions contemplated by Section 9.05(e)
      are
      either unavailable or insufficient to hold harmless an indemnified party in
      respect of any losses, claims, damages or liabilities referred to therein,
      then
      the party that would otherwise be required to provide indemnification or the
      indemnifying party (in either case, for purposes of this Section 9.05(f),
      the
“Indemnifying Party”) in respect
      of such losses, claims, damages or liabilities, shall contribute to the amount
      paid or payable by the party that would otherwise be entitled to indemnification
      or the indemnified party (in either case, for purposes of this Section
9.05(f),
      the
“Indemnified Party”) as a result of such losses, claims, damages, liabilities or
      expense, in such proportion as is appropriate to reflect the relative fault
      of
      the Indemnifying Party and the Indemnified Party, as well as any other relevant
      equitable considerations. The relative fault of the Indemnifying Party and
      Indemnified Party shall be determined by reference to, among other things,
      whether the untrue or alleged untrue statement of a material fact or omission
      or
      alleged omission to state a material fact related to information supplied by
      the
      Indemnifying Party or Indemnified Party, and the parties’ relative intent,
      knowledge, access to information and opportunity to correct or prevent such
      statement or omission. The amount paid or payable by a party as a result of
      the
      losses, claims, damages, liabilities and expenses referred to above shall be
      deemed to include any legal or other fees or expenses reasonably incurred by
      such party.

     

    
      
        
        

      

      
        -
          40
          -

        
          

        

      

      
        
        

      

    

     

    (ii) The
      parties hereto agree that it would not be just and equitable if contribution
      pursuant to this Section 9.05(f)
      were
      determined by pro rata allocation (even if the holders were treated as one
      entity for such purpose) or by any other method of allocation that does not
      take
      account of the equitable considerations referred to in the immediately preceding
      paragraph. No person or entity determined to have committed a fraudulent
      misrepresentation (within the meaning of Section 11(f) of the Securities Act)
      shall be entitled to contribution from any person or entity who was not guilty
      of such fraudulent misrepresentation.

     

    (iii) The
      contribution provided for in this Section 9.05(f)
      shall
      survive the termination of this Agreement and shall remain in full force and
      effect regardless of any investigation made by or on behalf of any Indemnified
      Party.

     

    ARTICLE
      X

     

    TRANSFERS
      OF PARTNERSHIP INTERESTS

     

    10.01 Purchase
      for Investment.

     

    (a) Each
      Limited Partner hereby represents and warrants to the General Partner and to
      the
      Partnership that the acquisition of his Partnership Interests is made as a
      principal for his account for investment purposes only and not with a view
      to
      the resale or distribution of such Partnership Interests.

     

    (b) Subject
      to the provisions of Section 10.02,
      each
      Limited Partner agrees that he will not sell, assign or otherwise transfer
      his
      Partnership Interest or any fraction thereof, whether voluntarily or by
      operation of law or at judicial sale or otherwise, to any Person who does not
      make the representations and warranties to the General Partner set forth in
      Section 10.01(a)
      above.

     

    
      
        
        

      

      
        -
          41
          -

        
          

        

      

      
        
        

      

    

     

    10.02 Restrictions
      on Transfer of Partnership Interests.

     

    (a) Subject
      to the provisions of Sections 10.02(b),
      (c),
      (d),
      and
(e)
      no
      Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise
      transfer all or any portion of his Partnership Interest, or any of such Limited
      Partner’s economic rights as a Limited Partner, whether voluntarily or by
      operation of law or at judicial sale or otherwise (collectively, a “Transfer”)
      without the consent of the General Partner, which consent may be granted or
      withheld in its sole and absolute discretion. The General Partner may require,
      as a condition of any Transfer to which it consents, that the transferor assume
      all costs incurred by the Partnership in connection therewith.

     

    (b) No
      Limited Partner may withdraw from the Partnership other than as a result of
      a
      permitted Transfer (i.e.,
      a
      Transfer consented to as contemplated by clause (a)
      above or
      clause (c)
      below or
      a Transfer pursuant to Section 10.05
      below)
      of all of his Partnership Units pursuant to this Article X
      or
      pursuant to a redemption of all of his Partnership Units pursuant to Section
      9.04.
      Upon
      the permitted Transfer or redemption of all of a Limited Partner’s Partnership
      Units, such Limited Partner shall cease to be a Limited Partner.

     

    (c) Subject
      to Sections 10.02(d)
      and
(e)
      below, a
      Limited Partner may Transfer, with the consent of the General Partner, all
      or a
      portion of his Partnership Units to (i) a parent or parent’s spouse, natural or
      adopted descendant or descendants, spouse of such descendant, or brother or
      sister, or a trust created by such Limited Partner for the benefit of such
      Limited Partner and/or any such person(s), of which trust such Limited Partner
      or any such person(s) is a trustee, (ii) a corporation, partnership or limited
      liability company controlled by a Person or Persons named in (i) above or (iii)
      if the Limited Partner is an entity, its beneficial owners.

     

    (d) No
      Limited Partner may effect a Transfer of its Partnership Interest, in whole
      or
      in part, if, in the opinion of legal counsel for the Partnership, such proposed
      Transfer would require the registration of the Partnership Interest under the
      Securities Act or would otherwise violate any applicable federal or state
      securities or blue sky law (including investment suitability
      standards).

     

    (e) No
      Transfer by a Limited Partner of its Partnership Interest, in whole or in part,
      may be made to any Person if (i) in the opinion of legal counsel for the
      Partnership, the transfer would result in the Partnership’s being treated as an
      association taxable as a corporation (other than a qualified REIT subsidiary
      within the meaning of Section 856(i) of the Code), (ii) in the opinion of legal
      counsel for the Partnership, it would adversely affect the ability of the
      Company to continue to qualify as a REIT or subject the Company to any
      additional taxes under Section 857 or Section 4981 of the Code or (iii) such
      transfer is effectuated through an “established securities market” or a
“secondary market (or the substantial equivalent thereof)” within the meaning of
      Section 7704 of the Code.

     

    (f) Any
      purported Transfer in contravention of any of the provisions of this Article
      X
      shall be
      void ab
      initio
      and
      ineffectual and shall not be binding upon, or recognized by, the General Partner
      or the Partnership.

     

    
      
        
        

      

      
        -
          42
          -

        
          

        

      

      
        
        

      

    

    (g) Prior
      to
      the consummation of any Transfer under this Article X,
      the
      transferor and/or the transferee shall deliver to the General Partner such
      opinions, certificates and other documents as the General Partner shall request
      in connection with such Transfer.

     

    10.03 Admission
      of Substitute Limited Partner.

     

    (a) Subject
      to the other provisions of this Article X,
      an
      assignee of the Partnership Interest of a Limited Partner (which shall be
      understood to include any purchaser, transferee, donee or other recipient of
      any
      disposition of such Partnership Interest) shall be deemed admitted as a Limited
      Partner of the Partnership only with the consent of the General Partner and
      upon
      the satisfactory completion of the following:

     

    (i) The
      assignee shall have accepted and agreed to be bound by the terms and provisions
      of this Agreement by executing a counterpart or an amendment thereof, including
      a revised Exhibit
      A,
      and
      such other documents or instruments as the General Partner may require in order
      to effect the admission of such Person as a Limited Partner.

     

    (ii) To
      the
      extent required, an amended Certificate evidencing the admission of such Person
      as a Limited Partner shall have been signed, acknowledged and filed for record
      in accordance with the Act.

     

    (iii) The
      assignee shall have delivered a letter containing the representation set forth
      in Section 10.01(a)
      hereof
      and the agreement set forth in Section 10.01(b)
      hereof.

     

    (iv) If
      the
      assignee is a corporation, partnership or trust, the assignee shall have
      provided the General Partner with evidence satisfactory to counsel for the
      Partnership of the assignee’s authority to become a Limited Partner under the
      terms and provisions of this Agreement.

     

    (v) The
      assignee shall have executed a power of attorney containing the terms and
      provisions set forth in Section 9.02
      hereof.

     

    (vi) The
      assignee shall have paid all legal fees and other expenses of the Partnership
      and the General Partner and filing and publication costs in connection with
      its
      substitution as a Limited Partner.

     

    (vii) The
      assignee shall have obtained the prior written consent of the General Partner
      to
      its admission as a Substitute Limited Partner, which consent may be given or
      denied in the exercise of the General Partner’s sole and absolute
      discretion.

     

    (b) For
      the
      purpose of allocating Profits and Losses and distributing cash received by
      the
      Partnership, a Substitute Limited Partner shall be treated as having become,
      and
      appearing in the records of the Partnership as, a Partner upon the filing of
      the
      Certificate described in Section 10.03(a)(ii)
      hereof
      or, if no such filing is required, the later of the date specified in the
      transfer documents or the date on which the General Partner has received all
      necessary instruments of transfer and substitution.

     

    
      
        
        

      

      
        -
          43
          -

        
          

        

      

      
        
        

      

    

    (c) The
      General Partner shall cooperate with the Person seeking to become a Substitute
      Limited Partner by preparing the documentation required by this Section and
      making all official filings and publications. The Partnership shall take all
      such action as promptly as practicable after the satisfaction of the conditions
      in this Article X
      to the
      admission of such Person as a Limited Partner of the Partnership.

     

    10.04 Rights
      of Assignees of Partnership Interests.

     

    (a) Subject
      to the provisions of Sections 10.01
      and
10.02
      hereof,
      except as required by operation of law, the Partnership shall not be obligated
      for any purposes whatsoever to recognize the assignment by any Limited Partner
      of its Partnership Interest until the Partnership has received notice
      thereof.

     

    (b) Any
      Person who is the assignee of all or any portion of a Limited Partner’s Limited
      Partnership Interest, but does not become a Substitute Limited Partner and
      desires to make a further assignment of such Limited Partnership Interest,
      shall
      be subject to all the provisions of this Article X
      to the
      same extent and in the same manner as any Limited Partner desiring to make
      an
      assignment of its Limited Partnership Interest.

     

    10.05 Effect
      of Bankruptcy, Death, Incompetence or Termination of a Limited
      Partner.
      The
      occurrence of an Event of Bankruptcy as to a Limited Partner, the death of
      a
      Limited Partner or a final adjudication that a Limited Partner is incompetent
      (which term shall include, but not be limited to, insanity) shall not cause
      the
      termination or dissolution of the Partnership, and the business of the
      Partnership shall continue if an order for relief in a bankruptcy proceeding
      is
      entered against a Limited Partner, the trustee or receiver of his estate or,
      if
      he dies, his executor, administrator or trustee, or, if he is finally
      adjudicated incompetent, his committee, guardian or conservator, shall have
      the
      rights of such Limited Partner for the purpose of settling or managing his
      estate property and such power as the bankrupt, deceased or incompetent Limited
      Partner possessed to assign all or any part of his Partnership Interest and
      to
      join with the assignee in satisfying conditions precedent to the admission
      of
      the assignee as a Substitute Limited Partner.

     

    10.06 Joint
      Ownership of Interests.
      A
      Partnership Interest may be acquired by two individuals as joint tenants with
      right of survivorship, provided that
      such
      individuals either are married or are related and share the same home as tenants
      in common. The written consent or vote of both owners of any such jointly held
      Partnership Interest shall be required to constitute the action of the owners
      of
      such Partnership Interest; provided,
      however,
      that
      the written consent of only one joint owner will be required if the Partnership
      has been provided with evidence satisfactory to the counsel for the Partnership
      that the actions of a single joint owner can bind both owners under the
      applicable laws of the state of residence of such joint owners. Upon the death
      of one owner of a Partnership Interest held in a joint tenancy with a right
      of
      survivorship, the Partnership Interest shall become owned solely by the survivor
      as a Limited Partner and not as an assignee. The Partnership need not recognize
      the death of one of the owners of a jointly-held Partnership Interest until
      it
      shall have received notice of such death. Upon notice to the General Partner
      from either owner, the General Partner shall cause the Partnership Interest
      to
      be divided into two equal Partnership Interests, which shall thereafter be
      owned
      separately by each of the former owners.

     

    
      
        
        

      

      
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          44
          -

        
          

        

      

      
        
        

      

    

    ARTICLE
      XI

     

    BOOKS
      AND RECORDS; ACCOUNTING; TAX MATTERS

     

    11.01 Books
      and Records.
      At all
      times during the continuance of the Partnership, the Partners shall keep or
      cause to be kept at the Partnership’s specified office true and complete books
      of account in accordance with generally accepted accounting principles,
      including: (a) a current list of the full name and last known business
      address of each Partner, (b) a copy of the Certificate of Limited
      Partnership and all certificates of amendment thereto, (c) copies of the
      Partnership’s federal, state and local income tax returns and reports,
      (d) copies of this Agreement and the financial statements of the Company
      for the three most recent years and (e) all documents and information
      required under the Act. Any Partner or its duly authorized representative,
      upon
      paying the costs of collection, duplication and mailing, shall be entitled
      to
      inspect or copy such records during ordinary business hours.

     

    11.02 Custody
      of Partnership Funds; Bank Accounts.

     

    (a) All
      funds
      of the Partnership not otherwise invested shall be deposited in one or more
      accounts maintained in such banking or brokerage institutions as the General
      Partner shall determine, and withdrawals shall be made only on such signature
      or
      signatures as the General Partner may, from time to time,
      determine.

     

    (b) All
      deposits and other funds not needed in the operation of the business of the
      Partnership may be invested by the General Partner in investment grade
      instruments (or investment companies whose portfolio consists primarily
      thereof), government obligations, certificates of deposit, bankers’ acceptances
      and municipal notes and bonds. The funds of the Partnership shall not be
      commingled with the funds of any other Person except for such commingling as
      may
      necessarily result from an investment in those investment companies permitted
      by
      this Section 11.02(b).

     

    11.03 Fiscal
      and Taxable Year.
      The
      fiscal and taxable year of the Partnership shall be the calendar
      year.

     

    11.04 Annual
      Tax Information and Report.
      Within
      90 days after the end of each fiscal year of the Partnership, the General
      Partner shall furnish to each person who was a Limited Partner at any time
      during such year an estimate of such Limited Partner’s allocable share of
      taxable income or loss for such fiscal year and as soon as reasonably
      practicable thereafter, the tax information necessary to file such Limited
      Partner’s individual tax returns as shall be reasonably required by
      law.

     

    11.05 Tax
      Matters Partner; Tax Elections; Special Basis
      Adjustments.

     

    (a) The
      General Partner shall be the Tax Matters Partner of the Partnership within
      the
      meaning of Section 6231(a)(7) of the Code. As Tax Matters Partner, the
      General Partner shall have the right and obligation to take all actions
      authorized and required, respectively, by the Code for the Tax Matters Partner.
      The General Partner shall have the right to retain professional assistance
      in
      respect of any audit of the Partnership by the Service and all out-of-pocket
      expenses and fees incurred by the General Partner on behalf of the Partnership
      as Tax
      Matters Partner shall constitute Partnership expenses. In the event the General
      Partner receives notice of a final Partnership adjustment under
      Section 6223(a)(2) of the Code, the General Partner shall either
      (i) file a court petition for judicial review of such final adjustment
      within the period provided under Section 6226(a) of the Code, a copy of
      which petition shall be mailed to all Limited Partners on the date such petition
      is filed, or (ii) mail a written notice to all Limited Partners, within
      such period, that describes the General Partner’s reasons for determining not to
      file such a petition.

     

    
      
        
        

      

      
        -
          45
          -

        
          

        

      

      
        
        

      

    

     

    (b) All
      elections required or permitted to be made by the Partnership under the Code
      or
      any applicable state or local tax law shall be made by the General Partner
      in
      its sole and absolute discretion.

     

    (c) In
      the
      event of a transfer of all or any part of the Partnership Interest of any
      Partner, the Partnership, at the option of the General Partner, may elect
      pursuant to Section 754 of the Code to adjust the basis of the Properties.
      Notwithstanding anything contained in Article V
      of this
      Agreement, any adjustments made pursuant to Section 754 shall affect only
      the successor in interest to the transferring Partner and in no event shall
      be
      taken into account in establishing, maintaining or computing Capital Accounts
      for the other Partners for any purpose under this Agreement. Each Partner will
      furnish the Partnership with all information necessary to give effect to such
      election.

     

    11.06 Reports
      to Limited Partners.

     

    For
      as
      long as the Company is required to furnish an annual report to its shareholders
      containing financial statements of the General Partner, the General Partner
      will
      upon request of a Limited Partner, at the same time and in the same manner,
      furnish such annual report to the Limited Partner.

     

    ARTICLE
      XII

     

    AMENDMENT
      OF AGREEMENT; MERGER

     

    The
      General Partner’s consent shall be required for any amendment to this Agreement.
      The General Partner, without the consent of the Limited Partners, may amend
      this
      Agreement in any respect; provided,
      however,
      that
      the following amendments shall require the consent of Limited Partners (other
      than the Company or any Subsidiary) holding more than 50% of the Class B
      Percentage Interests of the Limited Partners (other than those held by the
      Company or any Subsidiary):

     

    (a) any
      amendment affecting the operation of the Conversion Factor or the Redemption
      Right (except as otherwise provided herein) in a manner adverse to the Limited
      Partners;

     

    (b) any
      amendment that would adversely affect the rights of the Limited Partners to
      receive the distributions payable to them hereunder, other than with respect
      to
      the issuance of additional Partnership Units pursuant to
      Section 4.02
      hereof;

     

    
      
        
        

      

      
        -
          46
          -

        
          

        

      

      
        
        

      

    

    (c) any
      amendment that would alter the Partnership’s allocations of Profit and Loss to
      the Limited Partners, other than with respect to the issuance of additional
      Partnership Units pursuant to Section 4.02
      hereof;

     

    (d) any
      amendment that would impose on the Limited Partners any obligation to make
      additional Capital Contributions to the Partnership; or

     

    (e) any
      amendment to this Article XII.

     

    The
      General Partner, without the consent of the Limited Partners, may (i) merge
      or
      consolidate the Partnership with or into any other domestic or foreign
      partnership, limited partnership, limited liability company or corporation,
      or
      (ii) sell the assets of the Partnership.

     

    ARTICLE
      XIII

     

    GENERAL
      PROVISIONS

     

    13.01 Notices.
      All
      communications required or permitted under this Agreement shall be in writing
      and shall be deemed to have been given when delivered personally or upon deposit
      in the United States mail, registered, postage prepaid return receipt requested,
      to the Partners at the addresses set forth in Exhibit A
      attached
      hereto; provided,
      however,
      that
      any Partner may specify a different address by notifying the General Partner
      in
      writing of such different address. Notices to the Partnership shall be delivered
      at or mailed to its specified office.

     

    13.02 Survival
      of Rights.
      Subject
      to the provisions hereof limiting transfers, this Agreement shall be binding
      upon and inure to the benefit of the Partners and the Partnership and their
      respective legal representatives, successors, transferees and
      assigns.

     

    13.03 Additional
      Documents.
      Each
      Partner agrees to perform all further acts and execute, swear to, acknowledge
      and deliver all further documents that may be reasonable, necessary, appropriate
      or desirable to carry out the provisions of this Agreement or the
      Act.

     

    13.04 Severability.
      If any
      provision of this Agreement shall be declared illegal, invalid or unenforceable
      in any jurisdiction, then such provision shall be deemed to be severable from
      this Agreement (to the extent permitted by law) and in any event such
      illegality, invalidity or unenforceability shall not affect the remainder
      hereof.

     

    13.05 Entire
      Agreement.
      This
      Agreement and exhibits attached hereto constitute the entire Agreement of the
      Partners and supersede all prior written agreements and prior and
      contemporaneous oral agreements, understandings and negotiations with respect
      to
      the subject matter hereof.

     

    13.06 Pronouns
      and Plurals.
      When
      the context in which words are used in the Agreement indicates that such is
      the
      intent, words in the singular number shall include the plural and the masculine
      gender shall include the neuter or female gender as the context may
      require.

     

    
      
        
        

      

      
        -
          47
          -

        
          

        

      

      
        
        

      

    

    13.07 Headings.
      The
      Article headings or sections in this Agreement are for convenience only and
      shall not be used in construing the scope of this Agreement or any particular
      Article.

     

    13.08 Counterparts.
      This
      Agreement may be executed in several counterparts, each of which shall be deemed
      to be an original copy and all of which together shall constitute one and the
      same instrument binding on all parties hereto, notwithstanding that all parties
      shall not have signed the same counterpart.

     

    13.09 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Delaware.

     

    
      
        
        

      

      
        -
          48
          -

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have hereunder affixed their signatures
      to
      this First Amended and Restated Limited Partnership Agreement, all as of
      the 13th day of June, 2006.

     

    

      
        	
                GENERAL
                  PARTNER:

              
	 
	
                CLF
                  OP GENERAL PARTNER LLC

              
	 
	By:	
                /s/
                  Paul C. Hughes

              
	 	
                     Name:
                  Paul C. Hughes

              
	 	
                     Title:  
                  Vice President, General Counsel

                 and
                  Corporate Secretary 

              
	 	 
	
                LIMITED
                  PARTNERS:

              
	 
	
                CAPITAL
                  LEASE FUNDING, INC.

              
	 
	By:	
                /s/
                  Paul C. Hughes

              
	 	
                     Name:
                  Paul C. Hughes

              
	 	
                     Title:  
                  Vice President, General Counsel
                  
                   and
                    Corporate Secretary 

                

              
	 	 
	
                JDA
                  MIDDLETOWN LIMITED

              
	
                PARTNERSHIP

              
	 
	By:	JDA
                Middletown I, LLC
	 	 
	By:	
                /s/
                  Robert N. Wienner

              
	 	
                     Name:
                  Robert N. Wienner

              
	 	
                     Title:  
                  Managing Member

              

      

    

    

    
      
        
        

      

      
        -
          49
          -

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      A

     

    (As
      of
      June 13, 2006)

     

    
      
        	
                 

                 

                 

                Partner

              	 	
                 

                 

                 

                Address

              	 	
                 

                 

                Cash

                Contribution

              	 	
                Agreed
                  Value

                 of

                Capital

                Contribution

              	 	
                 

                Class
                  A Common

                Units

              	 	
                 

                Class
                  B Common 

                Units

              	 	
                 

                Series
                  A

                Preferred
                  

                Units

              	 	
                 

                Class
                  A

                Percentage

                Interest

              	 	
                 

                Class
                  B Percentage Interest

              	 
	
                General
                  Partner:

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                CLF
                  OP General Partner, LLC

              	 	 	
                110
                  Maiden Lane

                New
                  York, NY 10005

              	 	
                $

              	
                1,995,772.83

              	 	 	 	 	 	
                178,194

              	 	 	 	 	 	 	 	 	
                1.015

              	
                %

              	 	
                0

              	
                %

              
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Limited
                  Partners:

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Capital
                  Lease Funding, Inc.

              	 	 	
                110
                  Maiden Lane

                New
                  York, NY 10005

              	 	
                $

              	
                194,633,670.17

              	 	 	 	 	 	
                17,378,006

              	 	 	 	 	 	
                1,400,000

              	 	 	
                98.985

              	
                %

              	 	
                0

              	
                %

              
	
                JDA
                  Middletown Limited Partnership

              	 	 	
                20
                  Isham Road

                West
                  Hartford, CT 06107

              	 	 	 	 	
                $

              	
                2,999,989.80

              	 	 	 	 	 	
                263,157

              	 	 	 	 	 	
                0

              	
                %

              	 	
                100

              	
                %

              
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Totals

              	 	 	 	 	 	 	 	 	 	 	 	
                17,556,200

              	 	 	
                263,157

              	 	 	
                1,400,000

              	 	 	
                100.00

              	
                %

              	 	
                100.00

              	
                %

              

      

    

     

    
      
        
        

      

      
        Exhibit
          A-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      B

     

    NOTICE
      OF EXERCISE OF REDEMPTION RIGHT

     

    In
      accordance with Section 9.04
      of the
      First Amended and Restated Limited Partnership Agreement (the “Agreement”) of
      Caplease, LP, the undersigned hereby irrevocably (i) presents for redemption
      ________ Partnership Units in Caplease, LP in accordance with the terms of
      the
      Agreement and the Redemption Right referred to in Section 9.04
      thereof,
      (ii) surrenders such Partnership Units and all right, title and interest therein
      and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in
      the
      Agreement) as determined by the General Partner deliverable upon exercise of
      the
      Redemption Right be delivered to the address specified below, and if REIT Shares
      (as defined in the Agreement) are to be delivered, such REIT Shares be
      registered or placed in the name(s) and at the address(es) specified
      below.

     

    Dated:________
      __, _____

     

    Name
      of
      Limited Partner:

    

      
        	 
	
                (Signature
                  of Limited Partner)

              
	 
	 
	
                (Mailing
                  Address)

              
	  
	 
	
                (City)
                  (State) (Zip Code)

              
	 
	
                Signature
                  Guaranteed by:

              
	 
	 

      

    

     

    If
      REIT
      Shares are to be issued, issue to:

     

    Please
      insert social security or identifying number:

     

    Name:

     

    
      
        
        

      

      
        Exhibit
          B-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      C

     

    For
      Redeeming Limited Partners that are entities:

     

    CERTIFICATION
      OF NON-FOREIGN STATUS

     

    Under
      section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”),
      in the event of a disposition by a non-U.S. person of a partnership interest
      in
      a partnership in which (i) 50% or more of the value of the gross assets consists
      of United States real property interests (“USRPIs”), as defined in section
      897(c) of the Code, and (ii) 90% or more of the value of the gross assets
      consists of USRPIs, cash, and cash equivalents, the transferee will be required
      to withhold 10% of the amount realized by the non-U.S. person upon the
      disposition. To inform Capital Lease Funding, Inc. (the “Company”) and Caplease,
      LP (the “Partnership”) that no withholding is required with respect to the
      redemption by ____________ (“Partner”) of its units of limited partnership
      interest in the Partnership, the undersigned hereby certifies the following
      on
      behalf of Partner:

     

    1. Partner
      is not a foreign corporation, foreign partnership, foreign trust, or foreign
      estate, as those terms are defined in the Code and the Treasury regulations
      thereunder.

     

    2. The
      U.S.
      employer identification number of Partner is _____________.

     

    3. The
      principal business address of Partner is: __________________________________
      _______________________ and Partner’s place of incorporation is
      __________.

     

    4. Partner
      agrees to inform the Company if it becomes a foreign person at any time during
      the three-year period immediately following the date of this
      notice.

     

    5. Partner
      understands that this certification may be disclosed to the Internal Revenue
      Service by the Company and that any false statement contained herein could
      be
      punished by fine, imprisonment, or both.

     

    
      
        
          	PARTNER
	 	 
	
                  By:

                	  
	
                  Name:

                	  
	
                  Its:

                	  

        

      

    

     

    Under
      penalties of perjury, I declare that I have examined this certification and,
      to
      the best of my knowledge and belief, it is true, correct, and complete, and
      I
      further declare that I have authority to sign this document on behalf of
      Partner.

     

    Date:
      _________________   

    

      
        	[NAME]
	 
	
                     Title

              

      

    

     

    
      
        
        

      

      
        Exhibit
          C-1

        
          

        

      

      
        
        

      

    

    For
      Redeeming Limited Partners that are individuals:

     

    CERTIFICATION
      OF NON-FOREIGN STATUS

     

    Under
      section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”),
      in the event of a disposition by a non-U.S. person of a partnership interest
      in
      a partnership in which (i) 50% or more of the value of the gross assets consists
      of United States real property interests (“USRPIs”), as defined in section
      897(c) of the Code, and (ii) 90% or more of the value of the gross assets
      consists of USRPIs, cash, and cash equivalents, the transferee will be required
      to withhold 10% of the amount realized by the non-U.S. person upon the
      disposition. To inform Capital Lease Funding, Inc. (the “Company”) and Caplease,
      LP (the “Partnership”) that no withholding is required with respect to my
      redemption of my units of limited partnership interest in the Partnership,
      I,
      ___________, hereby certify the following:

     

    1. I
      am not
      a nonresident alien for purposes of U.S. income taxation.

     

    2. My
      U.S.
      taxpayer identification number (social security number) is
      _____________.

     

    3. My
      home
      address is: ____________________________________________________.

     

    4. I
      agree
      to inform the Company promptly if I become a nonresident alien at any time
      during the three-year period immediately following the date of this
      notice.

     

    5. I
      understand that this certification may be disclosed to the Internal Revenue
      Service by the Company and that any false statement contained herein could
      be
      punished by fine, imprisonment, or both.

    

      
        	 
	
                Name:

              

      

    

    

    Under
      penalties of perjury, I declare that I have examined this certification and,
      to
      the best of my knowledge and belief, it is true, correct, and
      complete.

    

      
        	
                Date:
                  _________________  

              	 
	 	    Name:

      

    

     

    
      
        
        

      

      
        Exhibit
          C-2CAPLEASE,
      INC.

     

    TO

     

      
        

      

    

     

    TRUSTEE

     

    INDENTURE

     

    Dated
      as of __________________, 200___

     

    Senior
      Debt Securities

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    TABLE
      OF CONTENTS

     

    
      	 	
              Page

            
	 	 
	
              ARTICLE
                ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL
                APPLICATION

            	
              2

            
	 	 
	
              Section
                101.
                Definitions.

            	
              2

            
	
              Section
                102.
                Compliance Certificates and Opinions.

            	
              11

            
	
              Section
                103.
                Form of Documents Delivered to Trustee.

            	
              12

            
	
              Section
                104.
                Acts of Holders.

            	
              12

            
	
              Section
                105.
                Notices, etc., to Trustee and Company.

            	
              14

            
	
              Section
                106.
                Notice to Holders; Waiver.

            	
              14

            
	
              Section
                107.
                Effect of Headings and Table of Contents.

            	
              15

            
	
              Section
                108.
                Successors and Assigns.

            	
              15

            
	
              Section
                109.
                Separability Clause.

            	
              15

            
	
              Section
                110.
                Benefits of Indenture.

            	
              16

            
	
              Section
                111.
                No
                Personal Liability.

            	
              16

            
	
              Section
                112.
                Governing Law.

            	
              16

            
	
              Section
                113.
                Legal Holidays.

            	
              16

            
	 	 
	
              ARTICLE
                TWO SECURITIES FORMS

            	
              17

            
	 	 
	
              Section
                201.
                Forms of Securities.

            	
              17

            
	
              Section
                202.
                Form of Trustee’s Certificate of Authentication.

            	
              17

            
	
              Section
                203.
                Securities Issuable in Global Form.

            	
              18

            
	 	 
	
              ARTICLE
                THREE THE SECURITIES

            	
              19

            
	 	 
	
              Section
                301.
                Amount Unlimited; Issuable in Series.

            	
              19

            
	
              Section
                302.
                Denominations.

            	
              22

            
	
              Section
                303.
                Execution, Authentication Delivery and Dating.

            	
              23

            
	
              Section
                304.
                Temporary Securities.

            	
              25

            
	
              Section
                305.
                Registration, Registration of Transfer and Exchange.

            	
              27

            
	
              Section
                306.
                Mutilated, Destroyed, Lost and Stolen Securities.

            	
              30

            
	
              Section
                307.
                Payment of Interest; Interest Rights Preserved.

            	
              31

            
	
              Section
                308.
                Persons Deemed Owners.

            	
              33

            
	
              Section
                309.
                Cancellation.

            	
              34

            
	
              Section
                310.
                Computation of Interest.

            	
              35

            
	 	 
	
              ARTICLE
                FOUR SATISFACTION AND DISCHARGE

            	
              36

            
	 	 
	
              Section
                401.
                Satisfaction and Discharge of Indenture.

            	
              36

            
	
              Section
                402.
                Application of Company Funds.

            	
              37

            
	 	 
	
              ARTICLE
                FIVE REMEDIES

            	
              38

            
	 	 
	
              Section
                501.
                Events of Default.

            	
              38

            
	
              Section
                502. Acceleration
                of Maturity; Rescission and Annulment.

            	
              39

            

    

    

    
      
        
        

      

      
        (i)

        
          

        

      

      
        
        

      

    

    

    
      	
              Section
                503.
                Collection of Indebtedness and Suits for Enforcement by
                Trustee.

            	
              40

            
	
              Section
                504.
                Trustee May File Proofs of Claim.

            	
              41

            
	
              Section
                505.
                Trustee May Enforce Claims Without Possession of Securities or
                Coupons.

            	
              42

            
	
              Section
                506.
                Application of Money Collected.

            	
              42

            
	
              Section
                507.
                Limitation on Suits.

            	
              43

            
	
              Section
                508.
                Unconditional Right of Holders to Receive Principal, Premium or Make-Whole
                Amount, if any, Interest and Additional Amounts.

            	
              43

            
	
              Section
                509.
                Restoration of Rights and Remedies.

            	
              43

            
	
              Section
                510.
                Rights and Remedies Cumulative.

            	
              44

            
	
              Section
                511.
                Delay or Omission Not Waiver.

            	
              44

            
	
              Section
                512.
                Control by Holders of Securities.

            	
              44

            
	
              Section
                513.
                Waiver of Past Defaults.

            	
              44

            
	
              Section
                514.
                Waiver of Usury, Stay or Extension Laws.

            	
              45

            
	
              Section
                515.
                Undertaking for Costs.

            	
              45

            
	 	 
	
              ARTICLE
                SIX THE TRUSTEE

            	
              46

            
	 	 
	
              Section
                601.
                Notice of Defaults.

            	
              46

            
	
              Section
                602.
                Certain Rights of Trustee.

            	
              46

            
	
              Section
                603.
                Not Responsible for Recitals or Issuance of Securities.

            	
              47

            
	
              Section
                604.
                May Hold Securities.

            	
              47

            
	
              Section
                605.
                Money Held in Trust.

            	
              48

            
	
              Section
                606.
                Compensation and Reimbursement.

            	
              48

            
	
              Section
                607.
                Corporate Trustee Required; Eligibility; Conflicting
                Interests.

            	
              48

            
	
              Section
                608.
                Resignation and Removal; Appointment of Successor.

            	
              49

            
	
              Section
                609.
                Acceptance of Appointment By Successor.

            	
              50

            
	
              Section
                610.
                Merger, Conversion, Consolidation or Succession to
                Business.

            	
              51

            
	
              Section
                611.
                Appointment of Authenticating Agent.

            	
              52

            
	 	 
	
              ARTICLE
                SEVEN HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

            	
              54

            
	 	 
	
              Section
                701.
                Disclosure of Names and Addresses of Holders.

            	
              54

            
	
              Section
                702.
                Reports by Trustee.

            	
              54

            
	
              Section
                703.
                Reports by Trust.

            	
              54

            
	
              Section
                704.
                Company to Furnish Trustee Names and Addresses of Holders.

            	
              55

            
	 	 
	
              ARTICLE
                EIGHT CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE

            	
              56

            
	 	 
	
              Section
                801.
                Consolidations and Mergers of Company and Sales, Leases and Conveyances
                Permitted Subject to Certain Conditions.

            	
              56

            
	
              Section
                802.
                Rights and Duties of Successor Corporation.

            	
              56

            
	
              Section
                803.
                Officers’ Certificate and Opinion of Counsel.

            	
              57

            
	 	 
	
              ARTICLE
                NINE SUPPLEMENTAL INDENTURES

            	
              58

            
	 	 
	
              Section
                901.
                Supplemental Indentures Without Consent of Holders.

            	
              58

            
	
              Section
                902.
                Supplemental Indentures With Consent of Holders.

            	
              59

            
	
              Section
                903.
                Execution of Supplemental Indentures.

            	
              60

            

    

     

    
      
        
        

      

      
        (ii)

        
          

        

      

      
        
        

      

    

    

    
      	
              Section
                904.
                Effect of Supplemental Indentures.

            	
              60

            
	
              Section
                905.
                Conformity with Trust Indenture Act.

            	
              60

            
	
              Section
                906.
                Reference in Securities to Supplemental Indentures.

            	
              61

            
	
              Section
                907.
                Notice of Supplemental Indentures.

            	
              61

            
	 	 
	
              ARTICLE
                TEN COVENANTS

            	
              62

            
	 	 
	
              Section
                1001.
                Payment of Principal, Premium or Make-Whole Amount, if any, Interest
                and
                Additional Amounts.

            	
              62

            
	
              Section
                1002.
                Maintenance of Office or Agency.

            	
              62

            
	
              Section
                1003.
                Money for Securities Payments to Be Held in Trust.

            	
              64

            
	
              Section
                1004. [Omitted].

            	
              65

            
	
              Section
                1005. Existence.

            	
              65

            
	
              Section
                1006.
                Maintenance of Properties.

            	
              65

            
	
              Section
                1007. Insurance.

            	
              66

            
	
              Section
                1008.
                Payment of Taxes and Other Claims.

            	
              66

            
	
              Section
                1009.
                Provision of Financial Information.

            	
              66

            
	
              Section
                1010.
                Statement as to Compliance.

            	
              66

            
	
              Section
                1011.
                Additional Amounts.

            	
              67

            
	
              Section
                1012.
                Waiver of Certain Covenants.

            	
              68

            
	 	 
	
              ARTICLE
                ELEVEN REDEMPTION OF SECURITIES

            	
              69

            
	 	 
	
              Section
                1101.
                Applicability of Article.

            	
              69

            
	
              Section
                1102.
                Election to Redeem; Notice to Trustee.

            	
              69

            
	
              Section
                1103.
                Selection by Trustee of Securities to Be Redeemed.

            	
              69

            
	
              Section
                1104.
                Notice of Redemption.

            	
              69

            
	
              Section
                1105.
                Deposit of Redemption Price.

            	
              71

            
	
              Section
                1106.
                Securities Payable on Redemption Date.

            	
              71

            
	
              Section
                1107.
                Securities Redeemed in Part.

            	
              72

            
	 	 
	
              ARTICLE
                TWELVE SINKING FUNDS

            	
              73

            
	 	 
	
              Section
                1201.
                Applicability of Article.

            	
              73

            
	
              Section
                1202.
                Satisfaction of Sinking Fund Payments with Securities.

            	
              73

            
	
              Section
                1203.
                Redemption of Securities for Sinking Fund.

            	
              74

            
	 	 
	
              ARTICLE
                THIRTEEN REPAYMENT AT THE OPTION OF HOLDERS

            	
              75

            
	 	 
	
              Section
                1301.
                Applicability of Article.

            	
              75

            
	
              Section
                1302.
                Repayment of Securities.

            	
              75

            
	
              Section
                1303.
                Exercise of Option.

            	
              75

            
	
              Section
                1304.
                When Securities Presented for Repayment Become Due and
                Payable.

            	
              76

            
	
              Section
                1305.
                Securities Repaid in Part.

            	
              77

            
	 	 
	
              ARTICLE
                FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE

            	
              78

            

    

     

    
      
        
        

      

      
        (iii)

        
          

        

      

      
        
        

      

    

    

    
      	
              Section
                1401.
                Applicability of Article; Company’s Option to Effect Defeasance or
                Covenant Defeasance.

            	
              78

            
	
              Section
                1402.
                Defeasance and Discharge.

            	
              78

            
	
              Section
                1403.
                Covenant Defeasance.

            	
              79

            
	
              Section
                1404.
                Conditions to Defeasance or Covenant Defeasance.

            	
              79

            
	
              Section
                1405.
                Deposited Money and Government Obligations to Be Held in Trust; Other
                Miscellaneous Provisions.

            	
              81

            
	 	 
	
              ARTICLE
                FIFTEEN MEETINGS OF HOLDERS OF SECURITIES

            	
              83

            
	 	 
	
              Section
                1501.
                Purposes for Which Meetings May Be Called.

            	
              83

            
	
              Section
                1502.
                Call, Notice and Place of Meetings.

            	
              83

            
	
              Section
                1503.
                Persons Entitled to Vote at Meetings.

            	
              83

            
	
              Section
                1504.
                Quorum; Action.

            	
              84

            
	
              Section
                1505.
                Determination of Voting Rights; Conduct and Adjournment of
                Meetings.

            	
              85

            
	
              Section
                1506.
                Counting Votes and Recording Action of Meetings.

            	
              86

            
	
              Section
                1507.
                Evidence of Action Taken by Holders.

            	
              86

            
	
              Section
                1508.
                Proof of Execution of Instruments.

            	
              86

            

    

    

    TESTIMONIUM

    SIGNATURES
      AND SEALS

    ACKNOWLEDGMENTS

    EXHIBIT
      A
— FORMS OF CERTIFICATION

     

    
      
        
        

      

      
        (iv)

        
          

        

      

      
        
        

      

    

    CAPLEASE,
      INC.

     

    Reconciliation
      and tie between Company Indenture Act of 1939, as amended (the "1939 Act"),
      and
      Indenture, dated as of _________, ____

     

    
      	
              Company
                Indenture Act Section

            	
              Indenture
                Section

            
	 	 	 
	
              Section
                310

            	
              (a)(1)

            	
              607(a)

            
	 	
              (a)(2)

            	
              607(a)

            
	 	
              (b)

            	
              607(b),
                608

            
	
              Section
                312

            	
              (c)

            	
              701

            
	
              Section
                314

            	
              (a)

            	
              703

            
	 	
              (a)(4)

            	
              1011

            
	 	
              (c)(1)

            	
              102

            
	 	
              (c)(2)

            	
              102

            
	 	
              (e)

            	
              102

            
	
              Section
                315

            	
              (b)

            	
              601

            
	
              Section
                316

            	
              (a)
                (last sentence)

            	
              101 ("Outstanding")

            
	 	
              (a)(1)(A)

            	
              502,
                512

            
	 	
              (a)(1)(B)

            	
              513

            
	 	
              (b)

            	
              508

            
	
              Section
                317

            	
              (a)(1)

            	
              503

            
	 	
              (a)(2)

            	
              504

            
	
              Section
                318

            	
              (a)

            	
              112

            
	
            	
              (c)

            	
              112

            

    

    
       

      
        

      

    

     

    
      	NOTE:	
              This
                reconciliation and tie shall not, for any purpose, be deemed to be
                a part
                of the Indenture.

            

    

     

    Attention
      should also be directed to Section 318(c) of the 1939 Act, which provides that
      the provisions of Sections 310 to and including 317 of the 1939 Act are a part
      of and govern every qualified indenture, whether or not physically contained
      therein.

    

    
      
        
        

      

      
        (v)

        
          

        

      

      
        
        

      

    

    INDENTURE,
      dated as of ___________________, 200__, between CAPLEASE, INC., a Maryland
      corporation (hereinafter called the “Company”), having its principal office at
      1065 Avenue of the Americas, New York, New York 10018 and
      ________________________, a ________ banking ___________, as Trustee hereunder
      (hereinafter called the “Trustee”), having its Corporate Trust Office at
      __________________________________________.

     

    RECITALS
      OF THE COMPANY

     

    The
      Company deems it necessary to issue from time to time for its lawful purposes
      senior debt securities (hereinafter called the “Securities”) evidencing its
      unsecured and unsubordinated indebtedness, and has duly authorized the execution
      and delivery of this Indenture to provide for the issuance from time to time
      of
      the Securities, unlimited as to aggregate principal amount, to bear interest
      at
      the rates or formulas, to mature at such times and to have such other provisions
      as shall be fixed therefor as hereinafter provided.

     

    All
      things necessary to make this Indenture a valid agreement of the Company, in
      accordance with its terms, have been done.

     

    NOW,
      THEREFORE, THIS INDENTURE WITNESSETH:

     

    For
      and
      in consideration of the premises and the purchase of the Securities by the
      Holders thereof, it is mutually covenanted and agreed, for the equal and
      proportionate benefit of all Holders of the Securities, as follows:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      ONE

    DEFINITIONS
      AND OTHER PROVISIONS OF GENERAL APPLICATION

     

    Section
      101. Definitions.

     

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

     

    (1) the
      terms
      defined in this Article have the meanings assigned to them in this Article,
      and
      include the plural as well as the singular;

     

    (2) all
      other
      terms used herein which are defined in the TIA, either directly or by reference
      therein, have the meanings assigned to them therein, and the terms “cash
      transaction” and “self-liquidating paper,” as used in TIA Section 311, shall
      have the meanings assigned to them in the rules of the Commission adopted under
      the TIA;

     

    (3) all
      accounting terms not otherwise defined herein have the meanings assigned to
      them
      in accordance with GAAP; and

     

    (4) 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.

     

    Certain
      terms, used principally in Article Three, Article Five, Article Six and Article
      Ten, are defined in those Articles. In addition, the following terms shall
      have
      the indicated respective meanings:

     

    “Acquired
      Debt” means Debt of a Person (i) existing at the time such Person becomes a
      Subsidiary or (ii) assumed in connection with the acquisition of assets from
      such Person, in each case, other than Debt incurred in connection with, or
      in
      contemplation of, such Person becoming a Subsidiary or such acquisition.
      Acquired Debt shall be deemed to be incurred on the date of the related
      acquisition of assets from any Person or the date the acquired Person becomes
      a
      Subsidiary.

     

    “Act”
has
      the meaning specified in Section 104.

     

    “Additional
      Amounts” means any additional amounts which are required by a Security, under
      circumstances specified therein, to be paid by the Company in respect of certain
      taxes imposed on certain Holders and which are owing to such
      Holders.

     

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

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    “Annual
      Service Charge” as of any date means the maximum amount which is payable in any
      period for interest on, and original issue discount of, Debt of the Company
      and
      its Subsidiaries and the amount of dividends which are payable in respect of
      any
      Disqualified Stock.

     

    “Authenticating
      Agent” means any authenticating agent appointed by the Trustee pursuant to
      Section 611.

     

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

     

    “Bankruptcy
      Law” has the meaning specified in Section 501.

     

    “Bearer
      Security” means a Security which is payable to bearer.

     

    “Board
      of
      Directors” means the Board of Directors of the Company, the executive committee
      or any other committee of that board duly authorized to act for it in respect
      hereof.

     

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

     

    “Business
      Day,” when used with respect to any Place of Payment or any other particular
      location referred to in this Indenture or in the Securities, means, unless
      otherwise specified with respect to any Securities pursuant to Section 301,
      any
      day, other than a Saturday or Sunday, that is neither a legal holiday nor a
      day
      on which banking institutions in that Place of Payment or particular location
      are authorized or required by law, regulation or executive order to
      close.

     

    “Capital
      Stock” means, with respect to any Person, any capital stock (including preferred
      stock), shares, interests, participations or other ownership interests (however
      designated) of such Person and any rights (other than debt securities
      convertible or exchangeable for corporate stock), warrants or options to
      purchase any thereof.

     

    “CEDEL”
      means Centrale de Livraison de Valeurs Mobilieres, S.A., or its
      successor.

     

    “Commission”
      means the Securities and Exchange Commission, as from time to time constituted,
      created under the Exchange Act, or, if at any time after execution of this
      instrument such Commission is not existing and performing the duties now
      assigned to it under the Trust Indenture Act, then the body performing such
      duties on such date.

     

    
      
        
        

      

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

     

    “Company
      Request” and “Company Order” mean, respectively, a written request or order
      signed in the name of the Company by the Chief Executive Officer, President
      or a
      Vice President of the Company, and by the Treasurer, an Assistant Treasurer,
      the
      Secretary or an Assistant Secretary of the Company, and delivered to the
      Trustee.

     

    “Consolidated
      Income Available for Debt Service” for any period means Funds from Operations of
      the Company and its Subsidiaries plus amounts which have been deducted for
      interest on Debt of the Company and its Subsidiaries.

     

    “Conversion
      Event” means the cessation of use of (i) a Foreign Currency (other than the ECU
      or other currency unit) both by the government of the country which issued
      such
      currency and for the settlement of transactions by a central bank or other
      public institutions of or within the international banking community, (ii)
      the
      ECU both within the European Monetary System and for the settlement of
      transactions by public institutions of or within the European Communities or
      (iii) any currency unit (or composite currency) other than the ECU for the
      purposes for which it was established.

     

    “Corporate
      Trust Office” means the office of the Trustee at which, at any particular time,
      its corporate trust business shall be principally administered, at which the
      principal of (and Make-Whole Amount, if any), interest, if any, on, and
      Additional Amounts, if any, payable in respect of, Securities of or within
      a
      series shall be payable and any Registered Securities of or within such series
      may be surrendered for registration of transfer or exchange, and at which
      notices or demands to or upon the Company in respect of the Securities of or
      within a series and this Indenture may be served, which office at the date
      hereof is located at
      _______________________________________________________.

     

    “Corporation”
      includes corporations, associations, companies and business trusts.

     

    “Coupon”
      means any interest coupon appertaining to a Bearer Security.

     

    “Custodian”
      has the meaning set forth in Section 501.

     

    “Debt”
of
      the Company or any Subsidiary means any indebtedness of the Company or any
      Subsidiary, whether or not contingent, in respect of (without duplication)
      (i)
      borrowed money or evidenced by bonds, notes, debentures or similar instruments,
      (ii) indebtedness secured by any mortgage, pledge, lien, charge, encumbrance
      or
      any security interest existing on property owned by the Company or any
      Subsidiary, (iii) the reimbursement obligations, contingent or otherwise, in
      connection with any letters of credit actually issued or amounts representing
      the balance deferred and unpaid of the purchase price of any property or
      services, except any such balance that constitutes an accrued expense or trade
      payable, or all conditional sale obligations or obligations under any title
      retention agreement, (iv) the principal amount of all obligations of the Company
      or any Subsidiary with respect to redemption, repayment or other repurchase
      of
      any Disqualified Stock or (v) any lease of property by the Company or any
      Subsidiary as lessee which is reflected on the Company’s consolidated balance
      sheet as a capitalized lease in accordance with GAAP to the extent, in the
      case
      of items of indebtedness under (i) through (iii) above, that any such items
      (other than letters of credit) would appear as a liability on the Company’s
      consolidated balance sheet in accordance with GAAP, and also includes, to the
      extent not otherwise included, any obligation by the Company or any Subsidiary
      to be liable for, or to pay, as obligor, guarantor or otherwise (other than
      for
      purposes of collection in the ordinary course of business), Debt of another
      Person (other than the Company or any Subsidiary).

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    “Defaulted
      Interest” has the meaning specified in Section 307.

     

    “Disqualified
      Stock” means, with respect to any Person, any Capital Stock of such Person which
      by the terms of such Capital Stock (or by the terms of any security into which
      it is convertible or for which it is exchangeable or exercisable), upon the
      happening of any event or otherwise (i) matures or is mandatorily redeemable,
      pursuant to a sinking fund obligation or otherwise, (ii) is convertible into
      or
      exchangeable or exercisable for Debt or Disqualified Stock or (iii) is
      redeemable at the option of the holder thereof, in whole or in part, in each
      case on or prior to the Stated Maturity of the series of Debt
      Securities.

     

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

     

    “DTC”
      means The Depository Trust Company.

     

    “ECU”
      means the European Currency Unit as defined and revised from time to time by
      the
      Council of the European Communities.

     

    “Euroclear”
      means Morgan Guaranty Trust Company of New York, Brussels Office, or its
      successor as operator of the Euroclear System.

     

    “European
      Communities” means the European Economic Community, the European Coal and Steel
      Community and the European Atomic Energy Community.

     

    “European
      Monetary System” means the European Monetary System established by the
      Resolution of December 5, 1978 of the Council of the European
      Communities.

     

    “Event
      of
      Default” has the meaning specified in Article Five.

     

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

     

    “Foreign
      Currency” means any currency, currency unit or composite currency, including,
      without limitation, the ECU, issued by the government of one or more countries
      other than the United States of America or by any recognized confederation
      or
      association of such governments.

     

    “Funds
      from Operations” for any period means income before gains (losses) on
      investments and extraordinary items plus amounts which have been deducted,
      and
      minus amounts which have been added, for the following items (without
      duplication): (a) provision for Preferred Stock dividends, (b) provision for
      property depreciation and amortization and (c) the effect of any adjustments
      for
      significant non-recurring items, including any noncash charge resulting from
      a
      change in accounting principles in determining income before gains (losses)
      on
      investments and extraordinary items for such period, as reflected in the
      financial statements of the Company and its Subsidiaries for such period
      determined on a consolidated basis in accordance with GAAP.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    “GAAP”
      means generally accepted accounting principles as used in the United States
      applied on a consistent basis as in effect from time to time; provided, that
      solely for purposes of any calculation required by the financial covenants
      contained herein, “GAAP” shall mean generally accepted accounting principles as
      used in the United States on the date hereof, applied on a consistent
      basis.

     

    “Government
      Obligations” means securities which are (i) direct obligations of the United
      States of America or the government which issued the Foreign Currency in which
      the Securities of a particular series are payable, for the payment of which
      its
      full faith and credit is pledged or (ii) obligations of a Person controlled
      or
      supervised by and acting as an agency or instrumentality of the United States
      of
      America or such government which issued the Foreign Currency in which the
      Securities of such series are payable, the payment of which is unconditionally
      guaranteed as a full faith and credit obligation by the United States of America
      or such other government, which, in either case, are not callable or redeemable
      at the option of the issuer thereof, and shall also include a depository receipt
      issued by a bank or trust company as custodian with respect to any such
      Government Obligation or a specific payment of interest on or principal of
      any
      such Government Obligation held by such custodian for the account of the holder
      of a depository receipt, provided that (except as required by law) such
      custodian is not authorized to make any deduction from the amount payable to
      the
      holder of such depository receipt from any amount received by the custodian
      in
      respect of the Government Obligation or the specific payment of interest on
      or
      principal of the Government Obligation evidenced by such depository
      receipt.

     

    “Holder”
      means, in the case of a Registered Security, the Person in whose name a Security
      is registered in the Security Register and, in the case of a Bearer Security,
      the bearer thereof and, when used with respect to any coupon, shall mean the
      bearer thereof.

     

    “Indenture”
      means this instrument as originally executed or as it may from time to time
      be
      supplemented or amended by one or more indentures supplemental hereto entered
      into pursuant to the applicable provisions hereof, and shall include the terms
      of particular series of Securities established as contemplated by Section 301;
      provided, however, that, if at any time more than one Person is acting as
      Trustee under this instrument, “Indenture” shall mean, with respect to any one
      or more series of Securities for which such Person is Trustee, this instrument
      as originally executed or as it may from time to time be supplemented or amended
      by one or more indentures supplemental hereto entered into pursuant to the
      applicable provisions hereof and shall include the terms of the or those
      particular series of Securities for which such Person is Trustee established
      as
      contemplated by Section 301, exclusive, however, of any provisions or terms
      which relate solely to other series of Securities for which such Person is
      not
      Trustee, regardless of when such terms or provisions were adopted, and exclusive
      of any provisions or terms adopted by means of one or more indentures
      supplemental hereto executed and delivered after such Person had become such
      Trustee but to which such Person, as such Trustee, was not a party.

     

    
      
        
        

      

      
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    “Indexed
      Security” means a Security the terms of which provide that the principal amount
      thereof payable at Stated Maturity may be more or less than the principal face
      amount thereof at original issuance.

     

    “Interest”
      when used with respect to an Original Issue Discount Security which by its
      terms
      bears interest only after Maturity, shall mean interest payable after Maturity,
      and, when used with respect to a Security which provides for the payment of
      Additional Amounts pursuant to Section 1011, includes such Additional
      Amounts.

     

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

     

    “Make-Whole
      Amount” means the amount, if any, in addition to principal which is required by
      a Security, under the terms and conditions specified therein or as otherwise
      specified as contemplated by Section 301, to be paid by the Company to the
      Holder thereof in connection with any optional redemption or accelerated payment
      of such Security.

     

    “Maturity”
      means, when used with respect to any Security, the date on which the principal
      of such Security or an installment of principal become due and payable as
      therein or herein provided, whether at the Stated Maturity or by declaration
      of
      acceleration, notice of redemption, notice of option to elect repayment,
      repurchase or otherwise.

     

    “Officers’
      Certificate” means a certificate signed by the Chief Executive Officer,
      President or a Vice President and by the Treasurer, an Assistant Treasurer,
      the
      Secretary of an Assistant Secretary, of the Company, and delivered to the
      Trustee.

     

    “Opinion
      of Counsel” means a written opinion of counsel, who may be an employee of or
      counsel for the Company or other counsel satisfactory to the
      Trustee.

     

    “Original
      Issue Discount Security” means any Security which provides for an amount less
      than the principal amount thereof to be due and payable upon a declaration
      of
      acceleration of the Maturity thereof pursuant to Section 502.

     

    “Outstanding,”
      when used with respect to Securities, means, as of the date of determination,
      all Securities theretofore authenticated and delivered under this Indenture,
      except:

     

    (i) Securities
      theretofore cancelled by the Trustee or delivered to the Trustee for
      cancellation;

     

    (ii) Securities,
      or portions thereof, for whose payment or redemption or repayment at the option
      of the Holder money in the necessary amount has been theretofore deposited
      with
      the Trustee or any Paying Agent (other than the Company) in trust or set aside
      and segregated in trust by the Company (if the Company shall act as its own
      Paying Agent) for the holders of such Securities and any coupons appertaining
      thereto; provided that, if such Securities are to be redeemed, notice of such
      redemption has been duly given pursuant to this Indenture or other provision
      therefor satisfactory to the Trustee has been made;

     

    
      
        
        

      

      
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    (iii) Securities,
      except solely to the extent provided in Sections 1402 or 1403, as applicable,
      with respect to which the Company has effected defeasance and/or covenant
      defeasance as provided in Article Fourteen;

     

    (iv) Securities
      which have been paid pursuant to Section 306 or in exchange for or in lieu
      of
      which other Securities have been authenticated and delivered pursuant to this
      Indenture, other than any such Securities in respect of which there shall have
      been presented to the Trustee proof satisfactory to it that such Securities
      are
      held by a bona fide purchaser in whose hands such Securities are valid
      obligations of the Company; and

     

    (v) Securities
      converted into Capital Stock of the Company pursuant to or in accordance with
      this Indenture if the terms of such Securities provide for convertibility
      pursuant to Section 301;

     

    provided,
      however, that in determining whether the Holders of the requisite principal
      amount of the Outstanding Securities have given any request, demand,
      authorization, direction, notice, consent or waiver hereunder or are present
      at
      a meeting of Holders for quorum purposes, and for the purpose of making the
      calculations required by TIA Section 313, (i) the principal amount of an
      Original Issue Discount Security that may be counted in making such
      determination or calculation and that shall be deemed to be Outstanding for
      such
      purpose shall be equal to the amount of principal thereof that would be (or
      shall have been declared to be) due and payable, at the time of such
      determination, upon a declaration of acceleration of the maturity thereof
      pursuant to Section 502, (ii) the principal amount of any Security denominated
      in a Foreign Currency that may be counted in making such determination or
      calculation and that shall be deemed Outstanding for such purpose shall be
      equal
      to the Dollar equivalent, determined pursuant to Section 301 as of the date
      such
      Security is originally issued by the Company, of the principal amount (or,
      in
      the case of an Original Issue Discount Security, the Dollar equivalent as of
      such date of original issuance of the amount determined as provided in clause
      (i) above) of such Security, (iii) the principal amount of any Indexed Security
      that may be counted in making such determination or calculation and that shall
      be deemed outstanding for such purpose shall be equal to the principal face
      amount of such Indexed Security at original issuance, unless otherwise provided
      with respect to such Indexed Security pursuant to Section 301, and (iv)
      Securities owned by the Company or any other obligor upon the Securities or
      any
      Affiliate of the Company or of such other obligor shall be disregarded and
      deemed not to be Outstanding, except that, in determining whether the Trustee
      shall be protected in making such calculation or in relying upon any such
      request, demand, authorization, direction, notice, consent or waiver, only
      Securities which the Trustee knows to be so owned shall be so disregarded.
      Securities so owned which have been pledged in good faith may be regarded as
      Outstanding if the pledgee establishes to the satisfaction of the Trustee the
      pledgee’s right so to act with respect to such Securities and that the pledgee
      is not the Company or any other obligor upon the Securities or any Affiliate
      of
      the Company or of such other obligor.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    “Paying
      Agent” means any Person authorized by the Company to pay the principal of (and
      premium or Make-Whole Amount, if any) or interest on any Securities or coupons
      on behalf of the Company, or if no such Person is authorized, the
      Company.

     

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

     

    “Place
      of
      Payment” means, when used with respect to the Securities of or within any
      series, the place or places where the principal of (and premium or Make-Whole
      Amount, if any) and interest on such Securities are payable as specified as
      contemplated by Sections 301 and 1002.

     

    “Predecessor
      Security” of any particular Security means every previous Security evidencing
      all or a portion of the same debt as that evidenced by such particular Security;
      and, for the purposes of this definition, any Security authenticated and
      delivered under Section 306 in exchange for or in lieu of a mutilated,
      destroyed, lost or stolen Security or a Security to which a mutilated,
      destroyed, lost or stolen coupon appertains shall be deemed to evidence the
      same
      debt as the mutilated, destroyed, lost or stolen Security or the Security to
      which the mutilated, destroyed, lost or stolen coupon appertains.

     

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

     

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

     

    “Registered
      Security” means any Security which is registered in the Security
      Register.

     

    “Regular
      Record Date” for the installment of interest payable on any Interest Payment
      Date on the Registered Securities of or within any series means the date
      specified for that purpose as contemplated by Section 301, whether or not a
      Business Day.

     

    “Repayment
      Date” means, when used with respect to any Security to be repaid or repurchased
      at the option of the Holder, the date fixed for such repayment or repurchase
      by
      or pursuant to this Indenture.

     

    “Repayment
      Price” means, when used with respect to any Security to be repaid or purchased
      at the option of the Holder, the price at which it is to be repaid or
      repurchased by or pursuant to this Indenture.

     

    “Responsible
      Officer” means, when used with respect to the Trustee, any officer of the
      Trustee assigned by the Trustee to administer its corporate trust
      matters.

     

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

     

    
      
        
        

      

      
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    “Security”
      has the meaning stated in the first recital of this Indenture and, more
      particularly, means any Security or Securities authenticated and delivered
      under
      this Indenture; provided, however, that, if at any time there is more than
      one
      Person acting as Trustee under this Indenture, “Securities” with respect to the
      Indenture as to which such Person is Trustee shall have the meaning stated
      in
      the first recital of this Indenture and shall more particularly mean Securities
      authenticated and delivered under this Indenture, exclusive, however, of
      Securities of or within any series as to which such Person is not
      Trustee.

     

    “Security
      Register” and “Security Registrar” have the respective meanings specified in
      Section 305.

     

    “Significant
      Subsidiary” means any Subsidiary which is a “significant subsidiary” (within the
      meaning of Regulation S-X, promulgated under the Securities Act) of the
      Company.

     

    “Special
      Record Date” for the payment of any Defaulted Interest on the Registered
      Securities of or within any series means a date fixed by the Trustee pursuant
      to
      Section 307.

     

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

     

    “Subsidiary”
      means, with respect to any Person, any corporation or other entity of which
      a
      majority of (a) the voting power of the voting equity securities or (b) the
      outstanding equity interests of which are owned, directly or indirectly, by
      such
      Person. For the purposes of this definition, “voting equity securities” means
      equity securities having voting power for the election of directors, whether
      at
      all times or only so long as no senior class of security has such voting power
      by reason of any contingency.

     

    “Total
      Assets” as of any date means the sum of (i) the Company’s Undepreciated Real
      Estate Assets and (ii) all other assets of the Company determined in accordance
      with GAAP (but excluding intangibles).

     

    “Trust
      Indenture Act” or “TIA” means the Trust Indenture Act of 1939, as amended and as
      in force at the date as of which this Indenture was executed, except as provided
      in Section 905.

     

    “Trustee”
      means the Person named as the “Trustee” in the first paragraph of this Indenture
      until a successor Trustee shall have become such pursuant to the applicable
      provisions of this Indenture, and thereafter “Trustee” shall mean or include
      each Person who is then a Trustee hereunder; provided, however, that if at
      any
      time there is more than one such Person, “Trustee” as used with respect to the
      Securities of or within any series shall mean only the Trustee with respect
      to
      the Securities of that series.

     

    “Undepreciated
      Real Estate Assets” as of any date means the cost (original cost plus capital
      improvements) of real estate assets of the Company and its Subsidiaries on
      such
      date, before depreciation and amortization determined on a consolidated basis
      in
      accordance with GAAP.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    “United
      States” means, unless otherwise specified with respect to any Securities
      pursuant to Section 301, the United States of America (including the states
      and
      the District of Columbia), its territories, its possessions and other areas
      subject to its jurisdiction.

     

    “United
      States person” means, unless otherwise specified with respect to any Securities
      pursuant to Section 301, an individual who is a citizen or resident of the
      United States, a corporation, partnership or other entity created or organized
      in or under the laws of the United States or an estate or trust the income
      of
      which is subject to United States federal income taxation regardless of its
      source.

     

    “Yield
      to
      Maturity” means the yield to maturity, computed at the time of issuance of a
      Security (or, if applicable, at the most recent redetermination of interest
      on
      such Security) and as set forth in such Security in accordance with generally
      accepted United States bond yield computation principles.

     

    Section
      102. Compliance
      Certificates and Opinions.

     

    Upon
      any
      application or request by the Company to the Trustee to take any action under
      any provision of this Indenture, the Company shall furnish to the Trustee an
      Officers’ Certificate stating that all conditions precedent, if any, provided
      for in this Indenture (including covenants, compliance with which constitute
      conditions precedent) relating to the proposed action have been complied with
      and an Opinion of Counsel stating that in the opinion of such counsel all such
      conditions precedent, if any, have been complied with, except that in the case
      of any such application or request as to which the furnishing of such documents
      is specifically required by any provision of this Indenture relating to such
      particular application or request, no additional certificate or opinion need
      be
      furnished.

     

    Every
      certificate or opinion with respect to compliance with a condition or covenant
      provided for in this Indenture (excluding certificates delivered pursuant to
      Section 1010) shall include:

     

    (1) a
      statement that each individual signing such certificate or opinion has read
      such
      condition or covenant and the definitions herein relating thereto;

     

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

     

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

     

    (4) a
      statement as to whether, in the opinion of each such individual, such condition
      or covenant has been complied with.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    Section
      103. Form
      of
      Documents Delivered to Trustee.

     

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

     

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

     

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

     

    Section
      104. Acts
      of
      Holders.

     

    (1) Any
      request, demand, authorization, direction, notice, consent, waiver or other
      action provided by this Indenture to be given or taken by Holders of the
      Outstanding Securities of all series or one or more series, as the case may
      be,
      may be embodied in and evidenced by one or more instruments of substantially
      similar tenor signed by such Holders in person or by agents duly appointed
      in
      writing. If Securities of a series are issuable as Bearer Securities, any
      request, demand, authorization, direction, notice, consent, waiver or other
      action provided by this Indenture to be given or taken by Holders of Securities
      of such series may, alternatively, be embodied in and evidenced by the record
      of
      Holders of Securities of such series voting in favor thereof, whether in person
      or by proxies duly appointed in writing, at any meeting of Holders of Securities
      of such series duly called and held in accordance with the provisions of Article
      Fifteen, or a combination of such instruments and any such record. Except as
      herein otherwise expressly provided, such action shall become effective when
      such instrument or instruments or record or both instruments or record or both
      are delivered to the Trustee and, where it is hereby expressly required, to
      the
      Company. Such instrument or instrument and any such record (and the action
      embodied therein and evidenced thereby) are herein sometimes referred to as
      the
“Act” of the Holders signing such instrument or instruments or so voting at any
      such meeting. Proof of execution of any such instrument or of a writing
      appointing any such agent, or of the holding by any Person of a Security, shall
      be sufficient for any purpose of this Indenture and conclusive in favor of
      the
      Trustee and the Company and any agent of the Trustee or the Company, if made
      in
      the manner provided in this Section. The record of any meeting of Holders of
      Securities shall be proved in the manner provided in Section 1506.

     

    
      
        
        

      

      
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    (2) The
      fact
      and date of the execution by any Person of any such instrument or writing may
      be
      proved by the affidavit of a witness of such execution or by a certificate
      of a
      notary public or other officer authorized by law to take acknowledgements of
      deeds, certifying that the individual signing such instrument or writing
      acknowledged to him the execution thereof. Where such execution is by a signer
      acting in a capacity other than his individual capacity, such certificate or
      affidavit shall also constitute sufficient proof of his authority. The fact
      and
      date of the execution of any such instrument or writing, or the authority of
      the
      Person executing the same, may also be proved in any other reasonable manner
      which the Trustee deems sufficient.

     

    (3) The
      ownership of Registered Securities shall be proved by the Security
      Register.

     

    (4) The
      ownership of Bearer Securities may be proved by the production of such Bearer
      Securities or by a certificate executed, as depositary, by any trust company,
      bank, banker or other depositary, wherever situated, if such certificate shall
      be deemed by the Trustee to be satisfactory, showing that at the date therein
      mentioned such Person had on deposit with such depositary, or exhibited to
      it,
      the Bearer Securities therein described; or such facts may be proved by the
      certificate or affidavit of the Person holding such Bearer Securities, if such
      certificate or affidavit is deemed by the Trustee to be satisfactory. The
      Trustee and the Company may assume that such ownership of any Bearer Security
      continues until (1) another certificate or affidavit bearing a later date issued
      in respect of the same Bearer Security is produced, or (2) such Bearer Security
      is produced to the Trustee by some other Person, or (3) such Bearer Security
      is
      surrendered in exchange for a Registered Security, or (4) such Bearer Security
      is no longer Outstanding. The ownership of Bearer Securities may also be proved
      in any other manner which the Trustee deems sufficient.

     

    (5) If
      the
      Company shall solicit from the Holders of Registered Securities any request,
      demand, authorization, direction, notice, consent, waiver or other Act, the
      Company may, at its option, in or pursuant to a Board Resolution, fix in advance
      a record date for the determination of Holders entitled to give such request,
      demand, authorization, direction, notice, consent, waiver or other Act, but
      the
      Company shall have no obligation to do so. Notwithstanding TIA Section 316(c),
      such record date shall be the record date specified in or pursuant to such
      Board
      Resolution, which shall be a date not earlier than the date 30 days prior to
      the
      first solicitation of Holders generally in connection therewith and not later
      than the date such solicitation is completed. If such a record date is fixed,
      such request, demand, authorization, direction, notice, consent, waiver or
      other
      Act may be given before or after such record date, but only the Holders of
      record at the close of business on such record date shall be deemed to be
      Holders for the purposes of determining whether Holders of the requisite
      proportion of Outstanding Securities have authorized or agreed or consented
      to
      such request, demand, authorization, direction, notice, consent, waiver or
      other
      Act, and for that purpose the Outstanding Securities shall be computed as of
      such record date; provided that no such authorization, agreement or consent
      by
      the Holders on such record date shall be deemed effective unless it shall become
      effective pursuant to the provisions of this Indenture not later than eleven
      months after the record date.

     

    
      
        
        

      

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

     

    Section
      105. Notices,
      etc., to Trustee and Company.

     

    Any
      request, demand, authorization, direction, notice, consent, waiver or Act of
      Holders or other document provided or permitted by this Indenture to be made
      upon, given or furnished to, or filed with,

     

    (1) The
      Trustee by any Holder or by the Company shall be sufficient for every purpose
      hereunder if made, given, furnished or filed in writing to or with the Trustee
      at its Corporate Trust Office, Attention: Corporate Trust Operations,
      or

     

    (2) The
      Company by the Trustee or by any Holder shall be sufficient for every purpose
      hereunder (unless otherwise herein expressly provided) if in writing and mailed,
      first class postage prepaid, to the Company addressed to it at the address
      of
      its principal office specified in the first paragraph of this Indenture or
      at
      any other address previously furnished in writing to the Trustee by the
      Company.

     

    Section
      106. Notice
      to
      Holders; Waiver.

     

    Where
      this Indenture provides for notice of any event to Holders of Registered
      Securities by the Company or the Trustee, such notice shall be sufficiently
      given (unless otherwise herein expressly provided) if in writing and mailed,
      first-class postage prepaid, to each such Holder affected by such event, at
      his
      address as it appears in the Security Register, not later than the latest date,
      and not earlier than the earliest date, prescribed for the giving of such
      notice. In any case where notice to Holders of Registered Securities is given
      by
      mail, neither the failure to mail such notice, nor any defect in any notice
      so
      mailed, to any particular Holder shall affect the sufficiency of such notice
      with respect to other Holders of Registered Securities or the sufficiency of
      any
      notice to Holders of Bearer Securities given as provided herein. Any notice
      mailed to a Holder in the manner herein prescribed shall be conclusively deemed
      to have been received by such Holder, whether or not such Holder actually
      receives such notice.

     

    If
      by
      reason of the suspension of or irregularities in regular mail service or by
      reason of any other cause it shall be impracticable to give such notice by
      mail,
      then such notification to Holders of Registered Securities as shall be made
      with
      the approval of the Trustee shall constitute a sufficient notification to such
      Holders for every purpose hereunder.

     

    
      
        
        

      

      
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    Except
      as
      otherwise expressly provided herein or otherwise qualified with respect to
      any
      Securities pursuant to Section 301, where this Indenture provides for notice
      to
      Holders of Bearer Securities of any event, such notices shall be sufficiently
      given if published in an Authorized Newspaper in The City of New York and in
      such other city or cities as may be specified in such Securities, and if the
      Securities of such series are listed on any stock exchange outside the United
      States, in any place at which such Securities are listed on a securities
      exchange to the extent that such securities exchange so requires, on a Business
      Day, such publication to be not later than the latest date, and not earlier
      than
      the earliest date, prescribed for the giving of such notice. Any such notice
      shall be deemed to have been given on the date of such publication or, if
      published more than once, on the date of the first such
      publication.

     

    If
      by
      reason of the suspension of publication of any Authorized Newspaper or
      Authorized Newspapers or by reason of any other cause it shall be impracticable
      to publish any notice to Holders of Bearer Securities as provided above, then
      such notification to Holders of Bearer Securities as shall be given with the
      approval of the Trustee shall constitute sufficient notice to such Holders
      for
      every purpose hereunder. Neither the failure to give notice by publication
      to
      any particular Holder of Bearer Securities as provided above, nor any defect
      in
      any notice so published, shall affect the sufficiency of such notice with
      respect to other Holders of Bearer Securities or the sufficiency of any notice
      to Holders of Registered Securities given as provided herein.

     

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

     

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

     

    Section
      107. Effect
      of
      Headings and Table of Contents.

     

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

     

    Section
      108. Successors
      and Assigns.

     

    All
      covenants and agreements in this Indenture by the Company shall bind its
      successors and assigns, whether so expressed or not.

     

    Section
      109. Separability
      Clause.

     

    In
      case
      any provision in this Indenture or in any Security or coupon 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.

     

    
      
        
        

      

      
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    Section
      110. Benefits
      of Indenture.

     

    Nothing
      in this Indenture or in the Securities or coupons appertaining thereto, express
      or implied, shall give to any Person, other than the parties hereto, any
      Security Registrar, any Paying Agent, any Authenticating Agent and their
      successors hereunder and the Holders any benefit or any legal or equitable
      right, remedy or claim under this Indenture.

     

    Section
      111. No
      Personal Liability.

     

    No
      recourse under or upon any obligation, covenant or agreement contained in this
      Indenture, in any Security or coupon appertaining thereto, or because of any
      indebtedness evidenced thereby, shall be had against any promoter, as such
      or,
      against any past, present or future shareholder, officer or director, as such,
      of the Company or of any successor, either directly or through the Company
      or
      any successor, under any rule of law, statute or constitutional provision or
      by
      the enforcement of any assessment or by any legal or equitable proceeding or
      otherwise, all such liability being expressly waived and released by the
      acceptance of the Securities by the Holders thereof and as part of the
      consideration for the issue of the Securities.

     

    Section
      112. Governing
      Law.

     

    This
      Indenture and the Securities and coupons shall be governed by and construed
      in
      accordance with the law of the State of New York. This Indenture is subject
      to
      the provisions of the TIA that are required to be part of this Indenture and
      shall, to the extent applicable, be governed by such provisions.

     

    Section
      113. Legal
      Holidays.

     

    In
      any
      case where any Interest Payment Date, Redemption Date, Repayment Date, sinking
      fund payment date, Stated Maturity or Maturity of any Security shall not be
      a
      Business Day at any Place of Payment, then (notwithstanding any other provision
      of this Indenture or any Security or coupon other than a provision in the
      Securities of any series which specifically states that such provision shall
      apply in lieu hereof), payment of interest or any Additional Amounts or
      principal (and premium or Make-Whole Amount, if any) need not be made at such
      Place of Payment on such date, but may be made on the next succeeding Business
      Day at such Place of Payment with the same force and effect as if made on the
      Interest Payment Date, Redemption Date, Repayment Date or sinking fund payment
      date, or at the Stated Maturity or Maturity, provided that no interest shall
      accrue on the amount so payable for the period from and after such Interest
      Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated
      Maturity or Maturity, as the case may be.

     

    
      
        
        

      

      
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    ARTICLE
      TWO

    SECURITIES
      FORMS

     

    Section
      201. Forms
      of
      Securities.

     

    The
      Registered Securities, if any, of each series and the Bearer Securities, if
      any,
      and related coupons of each series, shall be in substantially the forms as
      shall
      be established in or pursuant to one or more indentures supplemental hereto
      or
      Board Resolutions, shall have such appropriate insertions, omissions,
      substitutions and other variations as are required or permitted by this
      Indenture or any indenture supplemental hereto, and may have such letters,
      numbers or other marks of identification or designation and such legends or
      endorsements placed thereon as the Company may deem appropriate and as are
      not
      inconsistent with the provisions of this Indenture, or as may be required to
      comply with any law or with any rule or regulation made pursuant thereto or
      with
      any rule or regulation of any stock exchange on which the Securities may be
      listed, or to conform to usage.

     

    Unless
      otherwise specified as contemplated by Section 301, Bearer Securities shall
      have
      interest coupons attached.

     

    The
      definitive Securities and coupons shall be printed, lithographed or engraved
      or
      produced by any combination of these methods on a steel engraved border or
      steel
      engraved borders or may be produced in any other manner, all as determined
      by
      the officers executing such Securities or coupons, as evidenced by their
      execution of such Securities or coupons.

     

    Section
      202. Form
      of
      Trustee’s Certificate of Authentication.

     

    Subject
      to Section 611, the Trustee’s certificate of authentication shall be in
      substantially the following form:

     

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

     

    
      	
              _______________________________________,
                as

            
	
              Trustee

            
	 	 
	
              By
                

            	 
	 	
              Authorized
                Signatory

            

    

     

    
      
        
        

      

      
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    Section
      203. Securities
      Issuable in Global Form.

     

    If
      Securities of or within a series are issuable in global form, as specified
      as
      contemplated by Section 301, then, notwithstanding clause (H) of Section 301
      and
      the provisions of Section 302, any such Security shall represent such of the
      Outstanding Securities of such series as shall be specified therein and may
      provide that it shall represent the aggregate amount of Outstanding Securities
      of such series from time to time endorsed thereon and that the aggregate amount
      of Outstanding Securities of such series represented thereby may from time
      to
      time be increased or decreased to reflect exchanges. Any endorsement of a
      Security in global form to reflect the amount, or any increase or decrease
      in
      the amount, of Outstanding Securities represented thereby shall be made by
      the
      Trustee in such manner and upon instructions given by such Person or Persons
      as
      shall be specified therein or in the Company Order to be delivered to the
      Trustee pursuant to Section 303 or 304. Subject to the provisions of Section
      303
      and, if applicable, the Trustee shall deliver and redeliver any Security in
      permanent global form in the manner and upon instructions given by the Person
      or
      Persons specified therein or in the applicable Company Order. If a Company
      Order
      pursuant to Section 303 or 304 has been, or simultaneously is, delivered, any
      instructions by the Company with respect to endorsement or delivery or
      redelivery of a Security in global form shall be in writing but need not comply
      with Section 102 and need not be accompanied by an Opinion of
      Counsel.

     

    The
      provisions of the last sentence of Section 303 shall apply to any Security
      represented by a Security in global form if such Security was never issued
      and
      sold by the Company and the Company delivers to the Trustee the Security in
      global form together with written instructions (which need not comply with
      Section 102 and need not be accompanied by an Opinion of Counsel) with regard
      to
      the reduction in the principal amount of Securities represented thereby,
      together with the written statement contemplated by the last sentence of Section
      303.

     

    Notwithstanding
      the provisions of Section 307, unless otherwise specified as contemplated by
      Section 301, payment of principal of and any premium or Make-Whole Amount and
      interest on any Security in permanent global form shall be made to the Person
      or
      Persons specified therein.

     

    Notwithstanding
      the provisions of Section 308 and except as provided in the preceding paragraph,
      the Company, the Trustee and any agent of the Company and the Trustee shall
      treat as the Holder of such principal amount of Outstanding Securities
      represented by a permanent global Security (i) in the case of a permanent global
      Security in registered form, the Holder of such permanent global Security in
      registered form, or (ii) in the case of a permanent global Security in bearer
      form, Euroclear or CEDEL.

     

    
      
        
        

      

      
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    ARTICLE
      THREE

    THE
      SECURITIES

     

    Section
      301. Amount
      Unlimited; Issuable in Series.

     

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

     

    The
      Securities may be issued in one or more series. There shall be established
      in or
      pursuant to one or more Board Resolutions, or indentures supplemental hereto,
      prior to the issuance of Securities of any series, any or all of the following,
      as applicable (each of which (except for the matters set forth in clauses (A),
      (B) and (O) below), if so provided, may be determined from time to time by
      the
      Company with respect to unissued Securities of or within the series when issued
      from time to time):

     

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

     

    (2) any
      limit
      upon the aggregate principal amount of the Securities of or within the series
      that may be authenticated and delivered under this Indenture (except for
      Securities authenticated and delivered upon registration of transfer of, or
      in
      exchange for, or in lieu of, other Securities of or within the series pursuant
      to Section 304, 305, 306, 906, 1107 or 1305);

     

    (3) the
      date
      or dates, or the method by which such date or dates will be determined, on
      which
      the principal of the Securities of or within the series shall be payable and
      the
      amount of principal payable thereon;

     

    (4) the
      rate
      or rates at which the Securities of or within the series shall bear interest,
      if
      any, or the method by which such rate or rates shall be determined, the date
      or
      dates from which such interest shall accrue or the method by which such date
      or
      dates shall be determined, the Interest Payment Dates on which such interest
      will be payable and the Regular Record Date, if any, for the interest payable
      on
      any Registered Security on any Interest Payment Date, or the method by which
      such date shall be determined, and the basis upon which interest shall be
      calculated if other than that of a 360-day year consisting of twelve 30-day
      months;

     

    (5) the
      place
      or places, if any, other than or in addition to the Borough of Manhattan, The
      City of New York, where the principal of (and premium or Make-Whole Amount,
      if
      any), interest, if any, on, and Additional Amounts, if any, payable in respect
      of, Securities of or within the series shall be payable, any Registered
      Securities of or within the series may be surrendered for registration of
      transfer or exchange and notices or demands to or upon the Company in respect
      of
      the Securities of or within the series and this Indenture may be
      served;

     

    (6) the
      period or periods within which, the price or prices (including the premium
      or
      Make-Whole Amount, if any) at which, the currency or currencies, currency unit
      or units or composite currency or currencies in which and other terms and
      conditions upon which Securities of or within the series may be redeemed in
      whole or in part, at the option of the Company, if the Company is to have the
      option;

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    (7) the
      obligation, if any, of the Company to redeem, repay or purchase Securities
      of or
      within the series pursuant to any sinking fund or analogous provision or at
      the
      option of a Holder thereof, and the period or periods within which or the date
      or dates on which, the price or prices at which, the currency or currencies,
      currency unit or units or composite currency or currencies in which, and other
      terms and conditions upon which Securities of or within the series shall be
      redeemed, repaid or purchased, in whole or in part, pursuant to such
      obligation;

     

    (8) if
      other
      than denominations of $1,000 and any integral multiple thereof, the
      denominations in which any Registered Securities of or within the series shall
      be issuable and, if other than the denomination of $5,000, the denomination
      or
      denominations in which any Bearer Securities of or within the series shall
      be
      issuable;

     

    (9) if
      other
      than the Trustee, the identity of each Security Registrar and/or Paying
      Agent;

     

    (10) if
      other
      than the principal amount thereof, the portion of the principal amount of
      Securities of or within the series that shall be payable upon declaration of
      acceleration of the maturity thereof pursuant to Section 502, or the method
      by
      which such portion shall be determined;

     

    (11) if
      other
      than Dollars, the Foreign Currency or Currencies in which payment of the
      principal of (and premium or Make-Whole Amount, if any) or interest or
      Additional Amounts, if any, on the Securities of or within the series shall
      be
      payable or in which the Securities of or within the series shall be
      denominated;

     

    (12) whether
      the amount of payments of principal of (and premium or Make-Whole Amount, if
      any) or interest, if any, on the Securities of or within the series may be
      determined with reference to an index, formula or other method (which index,
      formula or method may be based, without limitation, on one or more currencies,
      currency units, composite currencies, commodities, equity indices or other
      indices), and the manner in which such amounts shall be determined;

     

    (13) whether
      the principal of (and premium or Make-Whole Amount, if any) or interest or
      Additional Amounts, if any, on the Securities of or within the series are to
      be
      payable, at the election of the Company or a Holder thereof, in a currency
      or
      currencies, currency unit or units or composite currency or currencies other
      than that in which such Securities are denominated or stated to be payable,
      the
      period or periods within which, and the terms and conditions upon which, such
      election may be made, and the time and manner of, and identity of the exchange
      rate agent with responsibility for, determining the exchange rate between the
      currency or currencies, currency unit or units or composite currency or
      currencies in which such Securities are denominated or stated to be payable
      and
      the currency or currencies, currency unit or units or composite currency or
      currencies in which such Securities are to be so payable;

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    (14) provisions,
      if any, granting special rights to the Holders of Securities of or within the
      series upon the occurrence of such events as may be specified;

     

    (15) any
      deletions from, modifications of or additions to the Events of Default or
      covenants of the Company with respect to Securities of or within the series,
      whether or not such Events of Default or covenants are consistent with the
      Events of Default or covenants set forth herein;

     

    (16) whether
      Securities of or within the series are to be issuable as Registered Securities,
      Bearer Securities (with or without coupons) or both, any restrictions applicable
      to the offer, sale or delivery of Bearer Securities and the terms upon which
      Bearer Securities of or within the series may be exchanged for Registered
      Securities of or within the series and vice versa (if permitted by applicable
      laws and regulations), whether any Securities of or within the series are to
      be
      issuable initially in temporary global form and whether any Securities of or
      within the series are to be issuable in permanent global form (with or without
      coupons) and, if so, whether beneficial owners of interests in any such
      permanent global Security may exchange such interests for Securities of such
      series and of like tenor of any authorized form and denomination and the
      circumstances under which any such exchanges may occur, if other than in the
      manner provided in Section 305, and, if Registered Securities of or within
      the
      series are to be issuable as a global Security, the identity of the depositary
      for such series;

     

    (17) the
      date
      as of which any Bearer Securities of or within the series and any temporary
      global Security representing Outstanding Securities of or within the series
      shall be dated if other than the date of original issuance of the first Security
      of the series to be issued;

     

    (18) the
      Person to whom any interest on any Registered Security of the series shall
      be
      payable, if other than the Person in whose name that Security (or one or more
      Predecessor Securities) is registered at the close of business on the Regular
      Record Date for such interest, the manner in which, or the Person to whom,
      any
      interest on any Bearer Security of the series shall be payable, if otherwise
      than upon presentation and surrender of the coupons appertaining thereto as
      they
      severally mature, and the extent to which, or the manner in which, any interest
      payable on a temporary global Security on an Interest Payment Date will be
      paid
      if other than in the manner provided in Section 304;

     

    (19) the
      applicability, if any, of Sections 1402 and/or 1403 to the Securities of or
      within the series and any provisions in modification of, in addition to or
      in
      lieu of any of the provisions of Article Fourteen;

     

    (20) if
      the
      Securities of such series are to be issuable in definitive form (whether upon
      original issue or upon exchange of a temporary Security of such series) only
      upon receipt of certain certificates or other documents or satisfaction of
      other
      conditions, then the form and/or terms of such certificates, documents or
      conditions;

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    (21) if
      the
      Securities of or within the series are to be issued upon the exercise of debt
      warrants, the time, manner and place for such Securities to be authenticated
      and
      delivered;

     

    (22) whether
      and under what circumstances the Company will pay Additional Amounts as
      contemplated by Section 1011 on the Securities of or within the series to any
      Holder who is not a United States person (including any modification to the
      definition of such term) in respect of any tax, assessment or governmental
      charge and, if so, whether the Company will have the option to redeem such
      Securities rather than pay such Additional Amounts (and the terms of any such
      option);

     

    (23) the
      obligation, if any, of the Company to permit the conversion of the Securities
      of
      such series into shares of Capital Stock of the Company and the terms and
      conditions upon which such conversion shall be effected (including, without
      limitation, the initial conversion price or rate, the conversion period, any
      adjustment of the applicable conversion price or rate and any requirements
      relative to the reservation of such shares for purposes of conversion);
      and

     

    (24) any
      other
      terms of the series (which terms shall not be inconsistent with the provisions
      of this Indenture).

     

    All
      Securities of any one series and the coupons appertaining to any Bearer
      Securities of such series, if any, shall be substantially identical except,
      in
      the case of Registered or Bearer Securities issued in global form, as to
      denomination and except as may otherwise be provided in or pursuant to such
      Board Resolution or in any such indenture supplemental hereto. All Securities
      of
      any one series need not be issued at the same time and unless otherwise
      provided, a series may be reopened, without the consent of the Holders, for
      issuances of additional Securities of such series.

     

    If
      any of
      the terms of the Securities of any series are established by action taken
      pursuant to one or more Board Resolutions or supplemental indentures, a copy
      of
      an appropriate record of such action(s) shall be certified by the Secretary
      or
      an Assistant Secretary of the Company and delivered to the Trustee at or prior
      to the delivery of the Company Order for authentication and delivery of such
      Securities.

     

    Section
      302. Denominations.

     

    The
      Securities of each series shall be issuable in such denominations as shall
      be
      specified as contemplated by Section 301. With respect to Securities of any
      series denominated in Dollars, in the absence of any such provisions with
      respect to the Securities of any series, the Registered Securities of such
      series, other than Registered Securities issued in global form (which may be
      of
      any denomination), shall be issuable in denominations of $1,000 and any integral
      multiple thereof and the Bearer Securities of such series other than Bearer
      Securities issued in global form (which may be of any denomination), shall
      be
      issuable in denominations of $5,000.

     

    
      
        
        

      

      
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    Section
      303. Execution,
      Authentication Delivery and Dating.

     

    The
      Securities and any coupons appertaining thereto shall be executed on behalf
      of
      the Company by its Chief Executive Officer, President or a Vice President,
      under
      its corporate seal reproduced thereon, and attested by its Secretary or an
      Assistant Secretary. The signature of any of these officers on the Securities
      and coupons may be manual or facsimile signatures of the present or any future
      such authorized officer and may be imprinted or otherwise reproduced on the
      Securities.

     

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

     

    At
      any
      time and from time to time after the execution and delivery of this Indenture,
      the Company may deliver Securities of any series, together with any coupon
      appertaining thereto, executed by the Company to the Trustee for authentication,
      together with a Company Order for the authentication and delivery of such
      Securities, and the Trustee in accordance with the Company Order shall
      authenticate and deliver such Securities; provided, however, that, in connection
      with its original issuance, no Bearer Security shall be mailed or otherwise
      delivered to any location in the United States; and provided further that,
      unless otherwise specified with respect to any series of Securities pursuant
      to
      Section 301 a Bearer Security may be delivered in connection with its original
      issuance only if the Person entitled to receive such Bearer Security shall
      have
      furnished a certificate to Euroclear or CEDEL, as the case may be, in the form
      set forth in Exhibit A-1 to this Indenture or such other certificate as may
      be
      specified with respect to any series of Securities pursuant to Section 301,
      dated no earlier than 15 days prior to the earlier of the date on which such
      Bearer Security is delivered and the date on which any temporary Security first
      becomes exchangeable for such Bearer Security in accordance with the terms
      of
      such temporary Security and this Indenture. Except as permitted by Section
      306,
      the Trustee shall not authenticate and deliver any Bearer Security unless all
      appurtenant coupons for interest then matured have been detached and
      cancelled.

     

    If
      all of
      the Securities of any series are not to be issued at one time and if the Board
      Resolution or supplemental indenture establishing such series shall so permit,
      such Company Order may set forth procedures acceptable to the Trustee for the
      issuance of such Securities and determining the terms of particular Securities
      of such series, such as interest rate or formula, maturity date, date of
      issuance and date from which interest shall accrue. In authenticating such
      Securities, and accepting the additional responsibilities under this Indenture
      in relation to such Securities, the Trustee shall be entitled to receive, and
      (subject to TIA Section 315(a) through 315(d)) shall be fully protected in
      relying upon:

     

    (1) an
      Opinion of Counsel complying with Section 102 and stating that:

     

    (i) the
      form
      or forms of such Securities and any coupons have been, or will have been upon
      compliance with such procedures as may be specified therein, established in
      conformity with the provisions of this Indenture;

     

    
      
        
        

      

      
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    (ii) the
      terms
      of such Securities and any coupons have been, or will have been upon compliance
      with such procedures as may be specified therein, established in conformity
      with
      the provisions of this Indenture; and

     

    (iii) such
      Securities, together with any coupons appertaining thereto, when completed
      pursuant to such procedures as may be specified therein, and executed and
      delivered by the Company to the Trustee for authentication in accordance with
      this Indenture, authenticated and delivered by the Trustee in accordance with
      this Indenture and issued by the Company in the manner and subject to any
      conditions specified in such Opinion of Counsel, will constitute legal, valid
      and binding obligations of the Company, enforceable in accordance with their
      terms, subject to applicable bankruptcy, insolvency, reorganization and other
      similar laws of general applicability relating to or affecting the enforcement
      of creditors’ rights generally and to general equitable principles and to such
      other matters as may be specified therein; and

     

    (2) an
      Officers’ Certificate complying with Section 102 and stating that all conditions
      precedent provided for in this Indenture relating to the issuance of such
      Securities have been, or will have been upon compliance with such procedures
      as
      may be specified therein, complied with and that, to the best of the knowledge
      of the signers of such certificate, no Event of Default with respect to such
      Securities shall have occurred and be continuing.

     

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

     

    Notwithstanding
      the provisions of Section 301 and of the preceding paragraph, if all the
      Securities of any series are not to be issued at one time, it shall not be
      necessary to deliver a Company Order, an Opinion of Counsel or an Officers’
Certificate otherwise required pursuant to the preceding paragraph at the time
      of issuance of each Security of such series, but such order, opinion and
      certificate, with appropriate modifications to cover such future issuances,
      shall be delivered at or before the time of issuance of the first Security
      of
      such series.

     

    Each
      Registered Security shall be dated the date of its authentication and each
      Bearer Security shall be dated as of the date specified as contemplated by
      Section 301.

     

    No
      Security or coupon appertaining thereto shall be entitled to any benefit under
      this Indenture or be valid or obligatory for any purpose unless there appears
      on
      such Security or the Security to which such coupon appertains a certificate
      of
      authentication substantially in the form provided for herein duly executed
      by
      the Trustee by manual signature of an authorized officer, and such certificate
      upon any Security shall be conclusive evidence, and the only evidence, that
      such
      Security has been duly authenticated and delivered hereunder and is entitled
      to
      the benefits of this Indenture. Notwithstanding the foregoing, if any Security
      shall have been authenticated and delivered hereunder but never issued and
      sold
      by the Company, and the Company shall deliver such Security to the Trustee
      for
      cancellation as provided in Section 309 together with a written statement (which
      need not comply with Section 102 and need not be accompanied by an Opinion
      of
      Counsel) stating that such Security has never been issued or sold by the
      Company, for all purposes of this Indenture such Security shall be deemed never
      to have been authenticated and delivered hereunder and shall never be entitled
      to the benefits of this Indenture.

     

    
      
        
        

      

      
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    Section
      304. Temporary
      Securities.

     

    (1) Pending
      the preparation of definitive Securities of any series, the Company may execute,
      and upon Company Order the Trustee shall authenticate and deliver, temporary
      Securities which are printed, lithographed, typewritten, mimeographed or
      otherwise produced, in any authorized denomination; substantially of the tenor
      of the definitive Securities in lieu of which they are issued, in registered
      form, or, if authorized, in bearer form with one or more coupons or without
      coupons, and with such appropriate insertions, omissions, substitutions and
      other variations as the officers executing such Securities may determine, as
      conclusively evidenced by their execution of such Securities. In the case of
      Securities of any series, such temporary Securities may be in global
      form.

     

    Except
      in
      the case of temporary Securities in global form (which shall be exchanged in
      accordance with Section 304(B) or as otherwise provided in or pursuant to a
      Board Resolution), if temporary Securities of any series are issued, the Company
      will cause definitive Securities of that series to be prepared without
      unreasonable delay. After the preparation of definitive Securities of such
      series, the temporary Securities of such series shall be exchangeable for
      definitive Securities of such series upon surrender of the temporary Securities
      of such series at the office or agency of the Company in a Place of Payment
      for
      that series, without charge to the Holder. Upon surrender for cancellation
      of
      any one or more temporary Securities of any series (accompanied by any
      non-matured coupons appertaining thereto), the Company shall execute and the
      Trustee shall authenticate and deliver in exchange therefor a like principal
      amount of definitive Securities of the same series of authorized denominations;
      provided, however, that no definitive Bearer Security shall be delivered in
      exchange for a temporary Registered Security; and provided further that a
      definitive Bearer Security shall be delivered in exchange for a temporary Bearer
      Security only in compliance with the conditions set forth in Section 303. Until
      so exchanged, the temporary Securities of any series shall in all respects
      be
      entitled to the same benefits under this Indenture as definitive Securities
      of
      such series.

     

    (2) Unless
      otherwise provided as contemplated in Section 301, this Section 304(B) shall
      govern the exchange of temporary Securities issued in global form other than
      through the facilities of DTC. If any such temporary Security is issued in
      global form, then such temporary global Security shall, unless otherwise
      provided therein, be delivered to the London office of a depositary or common
      depositary (the “Common Depositary”), for the benefit of Euroclear and
      CEDEL.

     

    
      
        
        

      

      
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    Without
      unnecessary delay but in any event not later than the date specified in, or
      determined pursuant to the terms of, any such temporary global Security (the
      “Exchange Date”), the Company shall deliver to the Trustee definitive
      Securities, in an aggregate principal amount equal to the principal amount
      of
      such temporary global Security, executed by the Company. On or after the
      Exchange Date, such temporary global Security shall be surrendered by the Common
      Depositary to the Trustee, as the Company’s agent for such purpose, to be
      exchanged, in whole or from time to time in part, for definitive Securities
      without charge, and the Trustee shall authenticate and deliver, in exchange
      for
      each portion of such temporary global Security, an equal aggregate principal
      amount of definitive Securities of or within the same series of authorized
      denominations and of like tenor as the portion of such temporary global Security
      to be exchanged. The definitive Securities to be delivered in exchange for
      any
      such temporary global Security shall be in bearer form, registered form,
      permanent global bearer form or permanent global registered form, or any
      combination thereof, as specified as contemplated by Section 301, and, if any
      combination thereof is so specified, as requested by the beneficial owner
      thereof, provided, however, that, unless otherwise specified in such temporary
      global Security, upon such presentation by the Common Depositary, such temporary
      global Security is accompanied by a certificate dated the Exchange Date or
      a
      subsequent date and signed by Euroclear as to the portion of such temporary
      global Security held for its account then to be exchanged and a certificate
      dated the Exchange Date or a subsequent date and signed by CEDEL as to the
      portion of such temporary global Security held for its account then to be
      exchanged, each in the form set forth in Exhibit A-2 to this Indenture or in
      such other form as may be established pursuant to Section 301; and provided
      further that definitive Bearer Securities shall be delivered in exchange for
      a
      portion of a temporary global Security only in compliance with the requirements
      of Section 303.

     

    Unless
      otherwise specified in such temporary global Security, the interest of a
      beneficial owner of Securities of a series in a temporary global Security shall
      be exchanged for definitive Securities of the same series and of like tenor
      following the Exchange Date when the account holder instructs Euroclear or
      CEDEL, as the case may be, to request such exchange on his behalf and delivers
      to Euroclear or CEDEL, as the case may be, a certificate in the form set forth
      in Exhibit A-1 to this Indenture (or in such other form as may be established
      pursuant to Section 301), dated no earlier than 15 days prior to the Exchange
      Date, copies of which certificate shall be available from the offices of
      Euroclear and CEDEL, the Trustee, any Authenticating Agent appointed for such
      series of Securities and each Paying Agent. Unless otherwise specified in such
      temporary global Security, any such exchange shall be made free of charge to
      the
      beneficial owners of such temporary global Security, except that a Person
      receiving definitive Securities must bear the cost of insurance, postage,
      transportation and the like unless such Person takes delivery of such definitive
      Securities in person at the offices of Euroclear or CEDEL. Definitive Securities
      in bearer form to be delivered in exchange for any portion of a temporary global
      Security shall be delivered only outside the United States.

     

    
      
        
        

      

      
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    Until
      exchanged in full as hereinabove provided, the temporary Securities of any
      series shall in all respects be entitled to the same benefits under this
      Indenture as definitive Securities of the same series and of like tenor
      authenticated and delivered hereunder, except that, unless otherwise specified
      as contemplated by Section 301, interest payable on a temporary global Security
      on an Interest Payment Date for Securities of such series occurring prior to
      the
      applicable Exchange Date shall be payable to Euroclear and CEDEL on such
      Interest Payment Date upon delivery by Euroclear and CEDEL to the Trustee of
      a
      certificate or certificates in the form set forth in Exhibit A-2 to this
      Indenture (or in such other forms as may be established pursuant to Section
      301), for credit without further interest on or after such Interest Payment
      Date
      to the respective accounts of Persons who are the beneficial owners of such
      temporary global Security on such Interest Payment Date and who have each
      delivered to Euroclear or CEDEL, as the case may be, a certificate dated no
      earlier than 15 days prior to the Interest Payment Date occurring prior to
      such
      Exchange Date in the form set forth as Exhibit A-1 to this Indenture (or in
      such
      other forms as may be established pursuant to Section 301). Notwithstanding
      anything to the contrary herein contained, the certifications made pursuant
      to
      this paragraph shall satisfy the certification requirements of the preceding
      two
      paragraphs of this Section 304(B) and of the third paragraph of Section 303
      of
      this Indenture and the interests of the Persons who are the beneficial owners
      of
      the temporary global Security with respect to which such certification was
      made
      will be exchanged for definitive Securities of the same series and of like
      tenor
      on the Exchange Date or the date of certification if such date occurs after
      the
      Exchange Date, without further act or deed by such beneficial owners. Except
      as
      otherwise provided in this paragraph, no payments of principal or interest
      owing
      with respect to a beneficial interest in a temporary global Security will be
      made unless and until such interest in such temporary global Security shall
      have
      been exchanged for an interest in a definitive Security. Any interest so
      received by Euroclear and CEDEL and not paid as herein provided shall be
      returned to the Trustee prior to the expiration of two years after such Interest
      Payment Date in order to be repaid to the Company.

     

    Section
      305. Registration,
      Registration of Transfer and Exchange.

     

    The
      Company shall cause to be kept at the Corporate Trust Office of the Trustee
      or
      in any office or agency of the Company in a Place of Payment a register for
      each
      series of Securities (the registers maintained in such office or in any such
      office or agency of the Company in a Place of Payment being herein sometimes
      referred to collectively as the “Security Register”) in which, subject to such
      reasonable regulations as it may prescribe, the Company shall provide for the
      registration of Registered Securities and of transfers of Registered Securities.
      The Security Register shall be in written form or any other form capable of
      being converted into written form within a reasonable time. The Trustee is
      hereby initially appointed “Security Registrar” for the purpose of registering
      Registered Securities and transfers of Registered Securities on such Security
      Register as herein provided. In the event that the Trustee shall cease to be
      Security Registrar, it shall have the right to examine the Security Register
      at
      all reasonable times.

     

    Subject
      to the provisions of this Section 305, upon surrender for registration of
      transfer of any Registered Security of any series at any office or agency of
      the
      Company in a Place of Payment for that series, the Company shall execute, and
      the Trustee shall authenticate and deliver, in the name of the designated
      transferee or transferees, one or more new Registered Securities of the same
      series, of any authorized denominations and of a like aggregate principal
      amount, being a number not contemporaneously outstanding, and containing
      identical terms and provisions.

     

    
      
        
        

      

      
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    Subject
      to the provisions of this Section 305, at the option of the Holder, Registered
      Securities of any series may be exchanged for other Registered Securities of
      the
      same series, of any authorized denomination or denominations and of a like
      aggregate principal amount, containing identical terms and provisions, upon
      surrender of the Registered Securities to be exchanged at any such office or
      agency. Whenever any such Registered Securities are so surrendered for exchange,
      the Company shall execute, and the Trustee shall authenticate and deliver,
      the
      Registered Securities which the Holder making the exchange is entitled to
      receive. Unless otherwise specified with respect to any series of Securities
      as
      contemplated by Section 301, Bearer Securities may not be issued in exchange
      for
      Registered Securities.

     

    If
      (but
      only if) permitted as contemplated by Section 301, at the option of the Holder,
      Bearer Securities of any series may be exchanged for Registered Securities
      of
      the same series of any authorized denominations and of a like aggregate
      principal amount and tenor, upon surrender of the Bearer Securities to be
      exchanged at any such office or agency, with all unmatured coupons and all
      matured coupons in default thereto appertaining. If the Holder of a Bearer
      Security is unable to produce any such unmatured coupon or coupons or matured
      coupon or coupons in default, any such permitted exchange may be effected if
      the
      Bearer Securities are accompanied by payment in funds acceptable to the Company
      in an amount equal to the face amount of such missing coupon or coupons, or
      the
      surrender of such missing coupon or coupons may be waived by the Company and
      the
      Trustee if there is furnished to them such security or indemnity as they may
      require to save each of them and any Paying Agent harmless. If thereafter the
      Holder of such Security shall surrender to any Paying Agent any such missing
      coupon in respect of which such a payment shall have been made, such Holder
      shall be entitled to receive the amount of payment; provided, however, that,
      except as otherwise provided in Section 1002, interest represented by coupons
      shall be payable only upon presentation and surrender of those coupons at an
      office or agency located outside the United States. Notwithstanding the
      foregoing, in case a Bearer Security of any series is surrendered at any such
      office or agency in a permitted exchange for a Registered Security of the same
      series and like tenor after the close of business at such office or agency
      on
      (i) any Regular Record Date and before the Opening of business at such office
      or
      agency on the relevant Interest Payment Date, or (ii) any Special Record Date
      and before the opening of business at such office or agency on the related
      proposed date for payment of Defaulted Interest, such Bearer Security shall
      be
      surrendered without the coupon relating to such Interest Payment Date or
      proposed date for payment, as the case may be, and interest or Defaulted
      Interest, as the case may be, will not be payable on such Interest Payment
      Date
      or proposed date for payment, as the case may be, in respect of the Registered
      Security issued in exchange for such Bearer Security, but will be payable only
      to the Holder of such coupon when due in accordance with the provisions of
      this
      Indenture. Whenever any Securities are so surrendered for exchange, the Company
      shall execute, and the Trustee shall authenticate and deliver, the Securities
      which the holder making the exchange is entitled to receive.

     

    
      
        
        

      

      
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    Notwithstanding
      the foregoing, except as otherwise specified as contemplated by Section 301,
      any
      permanent global Security shall be exchangeable only as provided in this
      paragraph. If the depositary for any permanent global Security is DTC, then,
      unless the terms of such global Security expressly permit such global Security
      to be exchanged in whole or in part for definitive Securities, a global Security
      may be transferred, in whole but not in part, only to a nominee of DTC, or
      by a
      nominee of DTC to DTC, or to a successor to DTC for such global Security
      selected and approved by the Company or to a nominee of such successor to DTC.
      If at any time DTC notifies the Company that it is unwilling or unable to
      continue as depositary for the applicable global Security or Securities or
      if at
      any time DTC ceases to be a clearing agency registered under the Exchange Act
      if
      so required by applicable law or regulation, the Company shall appoint a
      successor depositary with respect to such global Security or Securities. If
      (x)
      a successor depositary for such global Security or Securities is not appointed
      by the Company within 90 days after the Company receives such notice or becomes
      aware of such unwillingness, inability or ineligibility, (y) an Event of Default
      has occurred and is continuing and the beneficial owners representing a majority
      in principal amount of the applicable series of Securities represented by such
      global Security or Securities advise DTC to cease acting as depositary for
      such
      global Security or Securities or (z) the Company, in its sole discretion,
      determines at any time that all Outstanding Securities (but not less than all)
      Securities of any series issued or issuable in the form of one or more global
      Securities shall no longer be represented by such global Security or Securities
      (provided, however, the Company may not make such determination during the
      40-day restricted period provided by Regulation S under the Securities Act
      or
      during any other similar period during which the Securities must be held in
      global form as may be required by the Securities Act), then the Company shall
      execute, and the Trustee shall authenticate and deliver definitive Securities
      of
      like series, rank, tenor and terms in definitive form in an aggregate principal
      amount equal to the principal amount of such global Security or Securities.
      If
      any beneficial owner of an interest in a permanent global Security is otherwise
      entitled to exchange such interest for Securities of such series and of like
      tenor and principal amount of another authorized form and denomination, as
      specified as contemplated by Section 301 and provided that any applicable notice
      provided in the permanent global Security shall have been given, then without
      unnecessary delay but in any event not later than the earliest date on which
      such interest may be so exchanged, the Company shall execute, and the Trustee
      shall authenticate and deliver definitive Securities in aggregate principal
      amount equal to the principal amount of such beneficial owner’s interest in such
      permanent global Security. On or after the earliest date on which such interests
      may be so exchanged, such permanent global Security shall be surrendered for
      exchange by DTC or such other depositary as shall be specified in the Company
      Order with respect thereto to the Trustee, as the Company’s agent for such
      purpose; provided, however, that no such exchanges may occur during a period
      beginning at the opening of business 15 days before any selection of Securities
      to be redeemed and ending on the relevant Redemption Date if the Security for
      which exchange is requested may be among those selected for redemption; and
      provided further that no Bearer Security delivered in exchange for a portion
      of
      a permanent global Security shall be mailed or otherwise delivered to any
      location in the United States. If a Registered Security is issued in exchange
      for any portion of a permanent global Security after the close of business
      at
      the office or agency where such exchange occurs on (i) any Regular Record Date
      and before the opening of business at such office or agency on the relevant
      Interest Payment Date, or (ii) any Special Record Date and the opening of
      business at such office or agency on the related proposed date for payment
      of
      Defaulted Interest, interest or Defaulted Interest, as the case may be, will
      not
      be payable on such Interest Payment Date or proposed date for payment, as the
      case may be, in respect of such Registered Security, but will be payable on
      such
      Interest Payment Date or proposed date for payment, as the case may be, only
      to
      the Person to whom interest in respect of such portion of such permanent global
      Security is payable in accordance with the provisions of this
      Indenture.

     

    
      
        
        

      

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

     

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

     

    No
      service charge shall be made for any registration of transfer or exchange of
      Securities, but the Company may require payment of a sum sufficient to cover
      any
      tax or other governmental charge that may be imposed in connection with any
      registration of transfer or exchange of Securities, other than exchanges
      pursuant to Section 304, 906, 1107 or 1305 not involving any
      transfer.

     

    The
      Company or the Trustee, as applicable, shall not be required (i) to issue,
      register the transfer of or exchange any Security if such Security may be among
      those selected for redemption during a period beginning at the opening of
      business 15 days before selection of the Securities to be redeemed under Section
      1103 and ending at the close of business on (A) if such Securities are issuable
      only as Registered Securities, the day of the mailing of the relevant notice
      of
      redemption and (B) if such Securities are issuable as Bearer Securities, the
      day
      of the first publication of the relevant notice of redemption or, if such
      Securities are also issuable as Registered Securities and there is no
      publication, the mailing of the relevant notice of redemption, or (ii) to
      register the transfer of or exchange any Registered Security so selected for
      redemption in whole or in part, except, in the case of any Registered Security
      to be redeemed in part, the portion thereof not to be redeemed, or (iii) to
      exchange any Bearer Security so selected for redemption except that such a
      Bearer Security may be exchanged for a Registered Security of that series and
      like tenor; provided that such Registered Security shall be simultaneously
      surrendered for redemption, or (iv) to issue, register the transfer of or
      exchange any Security which has been surrendered for repayment at the option
      of
      the Holder, except the portion, if any, of such Security not to be so
      repaid.

     

    Section
      306. Mutilated,
      Destroyed, Lost and Stolen Securities.

     

    If
      any
      mutilated Security or a Security with a mutilated coupon appertaining to it
      is
      surrendered to the Trustee or the Company, together with, in proper cases,
      such
      security or indemnity as may be required by the Company or the Trustee to save
      each of them or any agent of either of them harmless, the Company shall execute
      and the Trustee shall authenticate and deliver in exchange therefor a new
      Security of the same series and principal amount, containing identical terms
      and
      provisions and bearing a number not contemporaneously outstanding, with coupons
      corresponding to the coupons, if any, appertaining to the surrendered
      Security.

     

    
      
        
        

      

      
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    If
      there
      shall be delivered to the Company and to the Trustee (i) evidence to their
      satisfaction of the destruction, loss or theft of any Security or coupon, and
      (ii) such security or indemnity as may be required by them to save each of
      them
      and any agent of either of them harmless, then, in the absence of actual notice
      to the Company or the Trustee that such Security or coupon has been acquired
      by
      a bona fide purchaser, the Company shall execute and upon its request the
      Trustee shall authenticate and deliver, in lieu of any such destroyed, lost
      or
      stolen Security or in exchange for the Security to which a destroyed, lost
      or
      stolen coupon appertains (with all appurtenant coupons not destroyed, lost
      or
      stolen), a new Security of the same series and principal amount, containing
      identical terms and provisions and bearing a number not contemporaneously
      outstanding, with coupons corresponding to the coupons, if any, appertaining
      to
      such destroyed, lost or stolen Security or to the Security to which such
      destroyed, lost or stolen coupon appertains.

     

    Notwithstanding
      the provisions of the previous two paragraphs, in case any such mutilated,
      destroyed, lost or stolen Security or coupon has become or is about to become
      due and payable, the Company in its discretion may, instead of issuing a new
      Security, with coupons corresponding to the coupons, if any, appertaining to
      such destroyed, lost or stolen Security or to the Security to which such
      destroyed, lost or stolen coupon appertains, pay such Security or coupon;
      provided, however, that payment of principal of (and premium or Make-Whole
      Amount, if any), any interest on and any Additional Amounts with respect to,
      Bearer Securities shall, except as otherwise provided in Section 1002, be
      payable only at an office or agency located outside the United States and,
      unless otherwise specified as contemplated by Section 301, any interest on
      Bearer Securities shall be payable only upon presentation and surrender of
      the
      coupons appertaining thereto.

     

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

     

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

     

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

     

    Section
      307. Payment
      of Interest; Interest Rights Preserved.

     

    Except
      as
      otherwise specified with respect to a series of Securities in accordance with
      the provisions of Section 301, interest on any Registered Security that is
      payable, and is punctually paid or duly provided for, on any Interest Payment
      Date shall be paid to the Person in whose name that Security (or one or more
      Predecessor Securities) is registered at the close of business on the Regular
      Record Date for such interest at the office or agency of the Company maintained
      for such purpose pursuant to Section 1002; provided, however, that each
      installment of interest on any Registered Security may at the Company’s option
      be paid by (i) mailing a check for such interest, payable to or upon the written
      order of the Person entitled thereto pursuant to Section 308, to the address
      of
      such Person as it appears on the Security Register or (ii) transfer to an
      account maintained by the payee located inside the United States.

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

    Unless
      otherwise provided as contemplated by Section 301 with respect to the Securities
      of any series, payment of interest may be made, in the case of a Bearer
      Security, by transfer to an account maintained by the payee with a bank located
      outside the United States.

     

    Unless
      otherwise provided as contemplated by Section 301, every permanent global
      Security will provide that interest, if any, payable on any Interest Payment
      Date will be paid to DTC, Euroclear and/or CEDEL, as the case may be, with
      respect to that portion of such permanent global Security held for its account
      by Cede & Co. or the Common Depositary, as the case may be, for the purpose
      of permitting such party to credit the interest received by it in respect of
      such permanent global Security to the accounts of the beneficial owners
      thereof.

     

    In
      case a
      Bearer Security of any series is surrendered in exchange for a Registered
      Security of such series after the close of business (at an office or agency
      in a
      Place of Payment for such series) on any Regular Record Date and before the
      opening of business (at such office or agency) on the next succeeding Interest
      Payment Date, such Bearer Security shall be surrendered without the coupon
      relating to such Interest Payment Date and interest will not be payable on
      such
      Interest Payment Date in respect of the Registered Security issued in exchange
      for such Bearer Security, but will be payable only to the Holder of such coupon
      when due in accordance with the provisions of this Indenture.

     

    Except
      as
      otherwise specified with respect to a series of Securities in accordance with
      the provisions of Section 301, any interest on any Registered Security of any
      series that is payable, but is not punctually paid or duly provided for, on
      any
      Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease
      to be payable to the registered Holder thereof on the relevant Regular Record
      Date by virtue of having been such Holder, and such Defaulted Interest may
      be
      paid by the Company, at its election in each case, as provided in clause (A)
      or
      (B) below:

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

    (1) The
      Company may elect to make payment of any Defaulted Interest to the Persons
      in
      whose names the Registered Securities of such series (or their respective
      Predecessor Securities) are registered at the close of business on a Special
      Record Date for the payment of such Defaulted Interest, which shall be fixed
      in
      the following manner. The Company shall notify the Trustee in writing of the
      amount of Defaulted Interest proposed to be paid on each Registered Security
      of
      such series and the date of the proposed payment (which shall not be less than
      20 days after such notice is received by the Trustee), and at the same time
      the
      Company shall deposit with the Trustee an amount of money in the currency or
      currencies, currency unit or units or composite currency or currencies in which
      the Securities of such series are payable (except as otherwise specified
      pursuant to Section 301 for the Securities of such series) equal to the
      aggregate amount proposed to be paid in respect of such Defaulted Interest
      or
      shall make arrangements satisfactory to the Trustee for such deposit on or
      prior
      to the date of the proposed payment, such money when deposited to be held in
      trust for the benefit of the Persons entitled to such Defaulted Interest as
      in
      this clause provided. Thereupon the Trustee shall fix a Special Record Date
      for
      the payment of such Defaulted Interest which shall be not more than 15 days
      and
      not less than 10 days prior to the date of the proposed payment and not less
      than 10 days after the receipt by the Trustee of the notice of the proposed
      payment. The Trustee shall promptly notify the Company of such Special Record
      Date and, in the name and at the expense of the Company, shall cause notice
      of
      the proposed payment of such Defaulted Interest and the Special Record Date
      therefor to be mailed, first-class postage prepaid, to each Holder of Registered
      Securities of such series at his address as it appears in the Security Register
      not less than 10 days prior to such Special Record Date. The Trustee may, in
      its
      discretion, in the name and at the expense of the Company, cause a similar
      notice to be published at least once in an Authorized Newspaper in each place
      of
      payment, but such publications shall not be a condition precedent to the
      establishment of such Special Record Date. Notice of the proposed payment of
      such Defaulted Interest and the Special Record Date therefor having been mailed
      as aforesaid, such Defaulted Interest shall be paid to the Persons in whose
      names the Registered Securities of such series (or their respective Predecessor
      Securities) are registered at the close of business on such Special Record
      Date
      and shall no longer be payable pursuant to the following clause (B). In case
      a
      Bearer Security of any series is surrendered at the office or agency in a Place
      of Payment for such series in exchange for a Registered Security of such series
      after the close of business at such office or agency on any Special Record
      Date
      and before the opening of business at such office or agency on the related
      proposed date for payment of Defaulted Interest, such Bearer Security shall
      be
      surrendered without the coupon relating to such proposed date of payment and
      Defaulted Interest will not be payable on such proposed date of payment in
      respect of the Registered Security issued in exchange for such Bearer Security,
      but will be payable only to the Holder of such coupon when due in accordance
      with the provisions of this Indenture.

     

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

     

    Subject
      to the foregoing provisions of this Section and Section 305, each Security
      delivered under this Indenture upon registration of transfer of or in exchange
      for or in lieu of any other Security shall carry the rights to interest accrued
      and unpaid, and to accrue, which were carried by such other
      Security.

     

    Section
      308. Persons
      Deemed Owners.

     

    Prior
      to
      due presentment of a Registered Security for registration of transfer, the
      Company, the Trustee and any agent of the Company or the Trustee may treat
      the
      Person in whose name such Registered Security is registered as the owner of
      such
      Security for the purpose of receiving payment of principal of (and premium
      or
      Make-Whole Amount, if any), and (subject to Sections 305 and 307) interest
      on,
      such Registered Security and for all other purposes whatsoever, whether or
      not
      such Registered Security be overdue, and neither the Company, the Trustee nor
      any agent of the Company or the Trustee shall be affected by notice to the
      contrary.

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

    Title
      to
      any Bearer Security and any coupons appertaining thereto shall pass by delivery.
      The Company, the Trustee and any agent of the Company or the Trustee may treat
      the Holder of any Bearer Security and the Holder of any coupon as the absolute
      owner of such Security or coupon for the purpose of receiving payment thereof
      or
      on account thereof and for all other purposes whatsoever, whether or not such
      Security or coupon be overdue, and neither the Company, the Trustee nor any
      agent of the Company or the Trustee shall be affected by notice to the
      contrary.

     

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

     

    Notwithstanding
      the foregoing, with respect to any global Security, 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 any depositary, as a Holder, with respect to such global Security
      or impair, as between such depositary and owners of beneficial interests in
      such
      global Security, the operation of customary practices governing the exercise
      of
      the rights of such depositary (or its nominee) as Holder of such global
      Security.

     

    Section
      309. Cancellation.

     

    All
      Securities and coupons surrendered for payment, redemption, repayment at the
      option of the Holder, registration of transfer or exchange or for credit against
      any sinking find payment shall, if surrendered to any Person other than the
      Trustee, be delivered to the Trustee, and any such Securities and coupons and
      Securities and coupons surrendered directly to the Trustee for any such purpose
      shall be promptly cancelled by it. The Company may at any time deliver to the
      Trustee for cancellation any Securities previously authenticated and delivered
      hereunder which the Company may have acquired in any manner whatsoever, and
      may
      deliver to the Trustee (or to any other Person for delivery to the Trustee)
      for
      cancellation any Securities previously authenticated hereunder which the Company
      has not issued and sold, and all Securities so delivered shall be promptly
      cancelled by the Trustee. If the Company shall so acquire any of the Securities,
      however, such acquisition shall not operate as a redemption or satisfaction
      of
      the indebtedness represented by such Securities unless and until the same are
      surrendered to the Trustee for cancellation. No Securities shall be
      authenticated in lieu of or in exchange for any Securities cancelled as provided
      in this Section, except as expressly permitted by this Indenture. Cancelled
      Securities and coupons held by the Trustee shall be destroyed by the Trustee
      and
      the Trustee shall deliver a certificate of such destruction to the Company,
      unless by a Company Order the Company directs their return to it.

     

    
      
        
        

      

      
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    Section
      310. Computation
      of Interest.

     

    Except
      as
      otherwise specified as contemplated by Section 301 with respect to Securities
      of
      any series, interest on the Securities of each series shall be computed on
      the
      basis of a 360- day year consisting of twelve 30-day months.

     

    
      
        
        

      

      
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    ARTICLE
      FOUR

    SATISFACTION
      AND DISCHARGE

     

    Section
      401. Satisfaction
      and Discharge of Indenture.

     

    This
      Indenture shall upon Company Request cease to be of further effect with respect
      to any series of Securities specified in such Company Request (except as to
      any
      surviving rights of registration of transfer or exchange of Securities of such
      series herein expressly provided for and any right to receive Additional
      Amounts, as provided in Section 1011), and the Trustee, upon receipt of a
      Company Order, and at the expense of the Company, shall execute proper
      instruments acknowledging satisfaction and discharge of this Indenture as to
      such series when

     

    (1) either

     

    (i) all
      Securities of such series theretofore authenticated and delivered and all
      coupons, if any, appertaining thereto (other than (i) coupons appertaining
      to
      Bearer Securities surrendered for exchange for Registered Securities and
      maturing after such exchange, whose surrender is not required or has been waived
      as provided in Section 305, (ii) Securities and coupons of such series which
      have been destroyed, lost or stolen and which have been replaced or paid as
      provided in Section 306, (iii) coupons appertaining to Securities called for
      redemption and maturing after the relevant Redemption Date, whose surrender
      has
      been waived as provided in Section 1106, and (iv) Securities and coupons of
      such
      series for whose payment money has theretofore been deposited in trust or
      segregated and held in trust by the Company and thereafter repaid to the Company
      for discharge from such trust, as provided in Section 1003) have been delivered
      to the Trustee for cancellation; or

     

    (ii) all
      Securities of such series and, in the case of (i) and (ii) below, any coupons
      appertaining thereto not theretofore delivered to the Trustee for cancellation
      (i) have become due and payable, or (ii) will become due and payable at their
      Stated Maturity within one year, or (iii) if redeemable at the option of the
      Company, are to be called for redemption within one year under arrangements
      satisfactory to the Trustee for the giving of notice of redemption by the
      Trustee in the name, and at the expense, of the Company, and the Company, in
      the
      case of (i), (ii) or (iii) above, has irrevocably deposited or caused to be
      deposited with the Trustee as trust funds in trust for the purpose an amount
      in
      the currency or currencies, currency unit or units or composite currency or
      currencies in which the Securities of such series are payable, sufficient to
      pay
      and discharge the entire indebtedness on such Securities and such coupons not
      theretofore delivered to the Trustee for cancellation, for principal (and
      premium or Make-Whole Amount, if any) and interest, and any Additional Amounts
      with respect thereto, to the date of such deposit (in the case of Securities
      which have become due and payable) or the Stated Maturity or Redemption Date,
      as
      the case may be;

     

    (2) The
      Company has paid or caused to be paid all other sums payable hereunder by the
      Company; and

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

    (3) The
      Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
      Counsel, each stating that all conditions precedent herein provided for relating
      to the satisfaction and discharge of this Indenture as to such series have
      been
      complied with.

     

    Notwithstanding
      the satisfaction and discharge of this Indenture, the obligations of the Company
      to the Trustee and any predecessor Trustee under Section 606, the obligations
      of
      the Company to any Authenticating Agent under Section 611 and, if money shall
      have been deposited with and held by the Trustee pursuant to subclause (2)
      of
      clause (A) of this Section, the obligations of the Trustee under Section 402
      and
      the last paragraph of Section 1003, shall survive.

     

    Section
      402. Application
      of Company Funds.

     

    Subject
      to the provisions of the last paragraph of Section 1003, all money deposited
      with the Trustee pursuant to Section 401 shall be held in trust and applied
      by
      it, in accordance with the provisions of the Securities, the coupons and this
      Indenture, to the payment, either directly or through any Paying Agent
      (including the Company acting as its own Paying Agent) as the Trustee may
      determine, to the Persons entitled thereto, of the principal (and premium or
      Make-Whole Amount, if any), and any interest and Additional Amounts for whose
      payment such money has been deposited with or received by the Trustee, but
      such
      money need not be segregated from other funds except to the extent required
      by
      law.

     

    
      
        
        

      

      
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    ARTICLE
      FIVE

    REMEDIES

     

    Section
      501. Events
      of
      Default.

     

    Subject
      to any modifications, additions or deletions relating to any series of
      Securities as contemplated pursuant to Section 301, “Event of Default,” wherever
      used herein with respect to any particular series of Securities, means any
      one
      of the following events (whatever the reason for such Event of Default and
      whether or not it shall be voluntary or involuntary or be effected by operation
      of law or pursuant to any judgment, decree or order of any court or any order,
      rule or regulation of any administrative or governmental body):

     

    (1) default
      in the payment of any interest upon or any Additional Amounts payable in respect
      of any Security of or within that series or of any coupon appertaining thereto,
      when such interest, Additional Amounts or coupon becomes due and payable, and
      continuance of such default for a period of 30 days; or

     

    (2) default
      in the payment of the principal of (or premium or Make-Whole Amount, if any,
      on)
      any Security of that series when due and payable at its Maturity;
      or

     

    (3) default
      in the deposit of any sinking fund payment, when and as due by the terms of
      any
      Security of that series; or

     

    (4) default
      in the performance, or breach, of any covenant or warranty of the Company in
      this Indenture with respect to any Security of that series (other than a
      covenant or warranty a default in whose performance or whose breach is elsewhere
      in this Section specifically dealt with), and continuance of such default or
      breach for a period of 60 days after there has been given, by registered or
      certified mail, to the Company by the Trustee or to the Company and the Trustee
      by the Holders of at least 25% in principal amount of the Outstanding Securities
      of that series a written notice specifying such default or breach and requiring
      it to be remedied and stating that such notice is a “Notice of Default”
hereunder; or

     

    (5) default
      under any bond, debenture, note, mortgage, indenture or instrument under which
      there may be issued or by which there may be secured or evidenced any
      indebtedness of the Company for money borrowed by the Company (or by any
      Subsidiary, the repayment of which the Company has guaranteed or for which
      the
      Company is directly responsible or liable as obligor or guarantor), having
      an
      aggregate principal amount outstanding of at least $10,000,000, whether such
      indebtedness now exists or shall hereafter be created, which default shall
      have
      resulted in such indebtedness being declared due and payable prior to the date
      on which it would otherwise have become due and payable, without such
      indebtedness having been discharged, or such acceleration having been rescinded
      or annulled, within a period of 10 days after there shall have been given,
      by
      registered or certified mail, to the Company by the Trustee or to the Company
      and the Trustee by the Holders of at least 10% in principal amount of the
      Outstanding Securities of that series a written notice specifying such default
      and requiring the Company to cause such indebtedness to be discharged or cause
      such acceleration to be rescinded or annulled and stating that such notice
      is a
“Notice of Default” hereunder; or

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

    (6) the
      entry
      by a court of competent jurisdiction of one or more judgments, orders or decrees
      against the Company or any of its Subsidiaries in an aggregate amount (excluding
      amounts covered by insurance) in excess of $10,000,000 and such judgments,
      orders or decrees remain undischarged, unstayed and unsatisfied in an aggregate
      amount (excluding amounts covered by insurance) in excess of $10,000,000 for
      a
      period of 30 consecutive days; or

     

    (7) the
      Company or any Significant Subsidiary pursuant to or within the meaning of
      any
      Bankruptcy Law:

     

    (i) commences
      a voluntary case,

     

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

     

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

     

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

     

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

     

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

     

    (ii) appoints
      a Custodian of the Company or any Significant Subsidiary or for all or
      substantially all of either of its property, or

     

    (iii) orders
      the liquidation of the Company or any Significant Subsidiary and the order
      or
      decree remains unstayed and in effect for 90 days; or

     

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

     

    As
      used
      in this Section 501, the term “Bankruptcy Law” means Title 11, U.S. Code or any
      similar Federal or state law for the relief of debtors and the term “Custodian”
means any receiver, trustee, assignee, liquidator or other similar official
      under any Bankruptcy Law.

     

    Section
      502. Acceleration
      of Maturity; Rescission and Annulment.

     

    If
      an
      Event of Default with respect to Securities of any series at the time
      Outstanding occurs and is continuing, then and in every such case the Trustee
      or
      the Holders of not less than 25% in principal amount of the Outstanding
      Securities of that series may declare the principal (or, if any Securities
      are
      Original Issue Discount Securities or Indexed Securities, such portion of the
      principal as may be specified in the terms thereof) of, and the Make-Whole
      Amount, if any, on, all the Securities of that series to be due and payable
      immediately, by a notice in writing to the Company (and to the Trustee if given
      by the Holders), and upon any such declaration such principal or specified
      portion thereof shall become immediately due and payable.

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

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

     

    (1) The
      Company has paid or deposited with the Trustee a sum sufficient to pay in the
      currency, currency unit or composite currency in which the Securities of such
      series is payable (except as otherwise specified pursuant to Section 301 for
      the
      Securities of such series):

     

    (i) all
      overdue installments of interest on and any Additional Amounts payable in
      respect of all Outstanding Securities of that series and any related
      coupons;

     

    (ii) the
      principal of (and premium or Make-Whole Amount, if any, on) any Outstanding
      Securities of that series which have become due otherwise than by such
      declaration of acceleration and interest thereon at the rate or rates borne
      by
      or provided for in such Securities;

     

    (iii) to
      the
      extent that payment of such interest is lawful, interest upon overdue
      installments of interest and any Additional Amounts at the rate or rates borne
      by or provided for in such Securities; and

     

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

     

    (2) all
      Events of Default with respect to Securities of that series, other than the
      nonpayment of the principal of (or premium or Make-Whole Amount, if any) or
      interest on Securities of that series which have become due solely by such
      declaration of acceleration, have been cured or waived as provided in Section
      513.

     

    No
      such
      rescission shall affect any subsequent default or impair any right consequent
      thereon.

     

    Section
      503. Collection
      of Indebtedness and Suits for Enforcement by Trustee.

     

    The
      Company covenants that if:

     

    (1) default
      is made in the payment of any installment of interest or Additional Amounts,
      if
      any, on any Security of any series and any related coupon when such interest
      or
      Additional Amount becomes due and payable and such default continues for a
      period of 30 days, or

     

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

    (2) default
      is made in the payment of the principal of (or premium or Make-Whole Amount,
      if
      any, on) any Security of any series at its Maturity,

     

    then
      the
      Company will, upon demand of the Trustee, pay to the Trustee, for the benefit
      of
      the Holders of such Securities of such series and coupons, the whole amount
      then
      due and payable on such Securities and coupons for principal (and premium or
      Make-Whole Amount, if any) and interest and Additional Amount, with interest
      upon any overdue principal (and premium or Make-Whole Amount, if any) and,
      to
      the extent that payment of such interest shall be legally enforceable, upon
      any
      overdue installments of interest or Additional Amounts, if any, at the rate
      or
      rates borne by or provided for in such Securities, and, in addition thereto,
      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.

     

    If
      the
      Company fails to pay such amounts forthwith upon such demand, the Trustee,
      in
      its own name and as trustee of an express trust, may institute a judicial
      proceeding for the collection of the sums so due and unpaid, and may prosecute
      such proceeding to judgment or final decree, and may enforce the same against
      the Company or any other obligor upon such Securities of such series and collect
      the moneys adjudged or decreed to be payable in the manner provided by law
      out
      of the property of the Company or any other obligor upon such Securities of
      such
      series, wherever situated.

     

    If
      an
      Event of Default with respect to Securities of any series occurs and is
      continuing, the Trustee may in its discretion proceed to protect and enforce
      its
      rights and the rights of the Holders of Securities of such series and any
      related coupons by such appropriate judicial proceedings as the Trustee shall
      deem most effectual to protect and enforce any such rights, whether for the
      specific enforcement of any covenant or agreement in this Indenture or in aid
      of
      the exercise of any power granted herein, or to enforce any other proper
      remedy.

     

    Section
      504. Trustee
      May File Proofs of Claim.

     

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

     

    (1) to
      file
      and prove a claim for the whole amount, or such lesser amount as may be provided
      for in the Securities of such series, of principal (and premium or Make-Whole
      Amount, if any) and interest and Additional Amounts, if any, owing and unpaid
      in
      respect of the Securities and to file such other papers or documents as may
      be
      necessary or advisable in order to have the claims of the Trustee (including
      any
      claim, for the reasonable compensation, expenses, disbursements and advances
      of
      the Trustee, its agents and counsel) and of the Holders allotted in such
      judicial proceeding, and

     

    
      
        
        

      

      
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    (2) to
      collect and receive any moneys or other property payable or deliverable on
      any
      such claims and to distribute the same; and any custodian, receiver, assignee,
      trustee, liquidator, sequestrator (or other similar official) in any such
      judicial proceeding is hereby authorized by each Holder of Securities of such
      series and coupons to make such payments to the Trustee, and in the event that
      the Trustee shall consent to the making of such payments directly to the
      Holders, to pay to the Trustee any amount due to it for the reasonable
      compensation, expenses, disbursements and advances of the Trustee and any
      predecessor Trustee, their agents and counsel, and any other amounts due the
      Trustee or any predecessor Trustee under Section 606.

     

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

     

    Section
      505. Trustee
      May Enforce Claims Without Possession of Securities or Coupons.

     

    All
      rights of action and claims under this Indenture or any of the Securities or
      coupons may be prosecuted and enforced by the Trustee without the possession
      of
      any of the Securities or coupons or the production thereof in any proceeding
      relating thereto, and any such proceeding instituted by the Trustee shall be
      brought in its own name as trustee of an express trust, and any recovery of
      judgment shall, after provision for the payment of the reasonable compensation,
      expenses, disbursements and advances of the Trustee, its agents and counsel,
      be
      for the ratable benefit of the Holders of the Securities and coupons in respect
      of which such judgment has been recovered.

     

    Section
      506. Application
      of Money Collected.

     

    Any
      money
      collected by the Trustee pursuant to this Article shall be applied in the
      following order, at the date or dates fixed by the Trustee and, in case of
      the
      distribution of such money on account of principal (or premium or Make-Whole
      Amount, if any) or interest and any Additional Amounts, upon presentation of
      the
      Securities or coupons, or both, as the case may be, and the notation thereon
      of
      the payment if only partially paid and upon surrender thereof if fully
      paid:

     

    FIRST:
      To
      the payment of all amounts due the Trustee and any predecessor Trustee under
      Section 606,

     

    SECOND:
      To the payment of the amounts then due and unpaid upon the Securities and
      coupons for principal (and premium or Make-Whole Amount, if any) and interest
      and any Additional Amounts payable, in respect of which or for the benefit
      of
      which such money has been collected, ratably, without preference or priority
      of
      any kind, according to the aggregate amounts due and payable on such Securities
      and coupons for principal (and premium or Make-Whole Amount, if any), interest
      and Additional Amounts, respectively, and

     

    THIRD:
      To
      the payment of the remainder, if any, to the Company.

     

    
      
        
        

      

      
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    Section
      507. Limitation
      on Suits.

     

    No
      Holder
      of any Security of any series or any related coupon shall have any right to
      institute any proceeding, judicial or otherwise, with respect to this Indenture,
      or for the appointment of a receiver or trustee, or for any other remedy
      hereunder, unless:

     

    (1) such
      Holder has previously given written notice to the Trustee of a continuing Event
      of Default with respect to the Securities of that series;

     

    (2) the
      Holders of not less than 25% in principal amount of the Outstanding Securities
      of that series shall have made written request to the Trustee to institute
      proceedings in respect of such Event of Default in its own name as Trustee
      hereunder;

     

    (3) such
      Holder or Holders have offered to the Trustee reasonable indemnity against
      the
      costs, expenses and liabilities to be incurred in compliance with such
      request;

     

    (4) the
      Trustee for 60 days after its receipt of such notice, request and offer of
      indemnity has failed to institute any such proceeding; and

     

    (5) no
      direction inconsistent with such written request has been given to the Trustee
      during such 60-day period by the Holders of a majority in principal amount
      of
      the Outstanding Securities of that series;

     

    it
      being
      understood and intended that no one or more of such Holders shall have any
      right
      in any manner whatever by virtue of, or by availing of, any provision of this
      Indenture to affect, disturb or prejudice the rights of any other of such
      Holders, or to obtain or to seek to obtain priority or preference over any
      other
      of such Holders or to enforce any right under this Indenture, except in the
      manner herein provided and for the equal and ratable benefit of all such
      Holders.

     

    Section
      508. Unconditional
      Right of Holders to Receive Principal, Premium or Make-Whole Amount, if any,
      Interest and Additional Amounts.

     

    Notwithstanding
      any other provision in this Indenture, the Holder of any Security or coupon
      shall have the right which is absolute and unconditional to receive payment
      of
      the principal of (and premium or Make-Whole Amount, if any) and (subject to
      Sections 305 and 307) interest on, and any Additional Amounts in respect of,
      such Security or payment of such coupon on the respective due dates expressed
      in
      such Security or coupon (or, in the case of redemption, on the Redemption Date)
      and to institute suit for the enforcement of any such payment, and such rights
      shall not be impaired without the consent of such Holder.

     

    Section
      509. Restoration
      of Rights and Remedies.

     

    If
      the
      Trustee or any Holder of a Security or coupon has instituted any proceeding
      to
      enforce any right or remedy under this Indenture and such proceeding has been
      discontinued or abandoned for any reason, or has been determined adversely
      to
      the Trustee or to such Holder, then and in every such case the Company, the
      Trustee and the Holders of Securities and coupons shall, subject to any
      determination in such proceeding, be restored severally and respectively to
      their former positions hereunder and thereafter all rights and remedies of
      the
      Trustee and the Holders shall continue as though no such proceeding had been
      instituted.

     

    
      
        
        

      

      
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    Section
      510. Rights
      and Remedies Cumulative.

     

    Except
      as
      otherwise provided with respect to the replacement or payment of mutilated,
      destroyed, lost or stolen Securities or coupons in the last paragraph of Section
      306, no right or remedy herein conferred upon or reserved to the Trustee or
      to
      the Holders of Securities or coupons is intended to be exclusive of any other
      right or remedy, and every right and remedy shall, to the extent permitted
      by
      law, be cumulative and in addition to every other right and remedy given
      hereunder or now or hereafter existing at law or in equity or otherwise. The
      assertion or employment of any right or remedy hereunder, or otherwise, shall
      not prevent the concurrent assertion or employment of any other appropriate
      right or remedy.

     

    Section
      511. Delay
      or
      Omission Not Waiver.

     

    No
      delay
      or omission of the Trustee or of any Holder of any Security or coupon to
      exercise any right or remedy accruing upon any Event of Default shall impair
      any
      such right or remedy or constitute a waiver of any such Event of Default or
      an
      acquiescence therein. Every right and remedy given by this Article or by law
      to
      the Trustee or to the Holders may be exercised front time to time, and as often
      as may be deemed expedient, by the Trustee or by the Holders of Securities
      or
      coupons, as the case may be.

     

    Section
      512. Control
      by Holders of Securities.

     

    The
      Holders of not less than a majority in principal amount of the Outstanding
      Securities of any series 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 Companyee with respect to the
      Securities of such series, provided that

     

    (1) such
      direction shall not be in conflict with any rule of law or with this
      Indenture,

     

    (2) the
      Trustee may take any other action deemed proper by the Trustee which is not
      inconsistent with such direction, and

     

    (3) the
      Trustee need not take any action which might involve it in personal liability
      or
      be unduly prejudicial to the Holders of Securities of such series not joining
      therein (but the Trustee shall have no obligation as to the determination of
      such undue prejudice).

     

    Section
      513. Waiver
      of
      Past Defaults.

     

    The
      Holders of not less than a majority in principal amount of the Outstanding
      Securities of any series may on behalf of the Holders of all the Securities
      of
      such series and any related coupons waive any past default hereunder with
      respect to such series and its consequences, except a default

     

    
      
        
        

      

      
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    (1) in
      the
      payment of the principal of (or premium or Make-Whole Amount, if any) or
      interest on or Additional Amounts payable in respect of any Security of such
      series or any related coupons, or

     

    (2) in
      respect of a covenant or provision hereof which under Article Nine cannot be
      modified or amended without the consent of the Holder of each Outstanding
      Security of such series affected.

     

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

     

    Section
      514. Waiver
      of
      Usury, Stay or Extension Laws.

     

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

     

    Section
      515. Undertaking
      for Costs.

     

    All
      parties to this Indenture agree, and each Holder of any Security by his
      acceptance thereof shall be deemed to have agreed, that any court may in its
      discretion require, in any suit for the enforcement of any right or remedy
      under
      this Indenture, or in any suit against the Trustee for any action taken or
      omitted by it as Trustee, the filing by any party litigant in such suit of
      any
      undertaking to pay the costs of such suit, and that such court may in its
      discretion assess reasonable costs, including reasonable attorneys’ fees,
      against any party litigant in such suit having due regard to the merits and
      good
      faith of the claims or defenses made by such party litigant; but the provisions
      of this Section shall not apply to any suit instituted by the Trustee, to any
      suit instituted by any Holder, or group of Holders, holding in the aggregate
      more than 10% in principal amount of the Outstanding Securities, or to any
      suit
      instituted by any Holder for the enforcement of the payment of the principal
      of
      (or premium or Make-Whole Amount, if any) or interest on or Additional Amounts
      payable with respect to any Security on or after the respective Stated
      Maturities expressed in such Security (or, in the case of redemption, on or
      after the Redemption Date).

     

    
      
        
        

      

      
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    ARTICLE
      SIX

     

    THE
      TRUSTEE

     

    Section
      601. Notice
      of
      Defaults.

     

    Within
      90
      days after the occurrence of any default hereunder with respect to the
      Securities of any series, the Trustee shall transmit in the manner and to the
      extent provided in TIA Section 313(c), notice of such default hereunder known
      to
      the Trustee, unless such default shall have been cured or waived; provided,
      however, that, except in the case of a default in the payment of the principal
      of (or premium or Make-Whole Amount, if any) or interest on or any Additional
      Amounts with respect to any Security of such series, or in the payment of any
      sinking fund installment with respect to the Securities of such series, the
      Trustee shall be protected in withholding such notice if and so long as
      Responsible Officers of the Trustee in good faith determine that the withholding
      of such notice is in the interests of the Holders of the Securities and coupons
      of such series; and provided further that in the case of any default or breach
      of the character specified in Section 501(D) with respect to the Securities
      and
      coupons of such series, no such notice to Holders shall be given until at least
      60 days after the occurrence thereof. For the purpose of this Section, the
      term
“default” means any event which is, or after notice or lapse of time or both
      would become, an Event of Default with respect to the Securities of such
      series.

     

    Section
      602. Certain
      Rights of Trustee.

     

    Subject
      to the provisions of TIA Section 315(a) through 315(d):

     

    (1) the
      Trustee shall perform only such duties as are expressly undertaken by it to
      perform under this Indenture;

     

    (2) the
      Trustee may rely and shall be protected in acting or refraining from acting
      upon
      any resolution, certificate, statement, instrument, opinion, report, notice,
      request, direction, consent, order, bond, debenture, note, coupon or other
      paper
      or document believed by it to be genuine and to have been signed or presented
      by
      the proper party or parties;

     

    (3) any
      request or direction of the Company mentioned herein shall be sufficiently
      evidenced by a Company Request or Company Order (other than delivery of any
      Security, together with any coupons appertaining thereto, to the Trustee for
      authentication and delivery pursuant to Section 303 which shall be sufficiently
      evidenced as provided therein) and any resolution of the Board of Directors
      may
      be sufficiently evidenced by a Board Resolution;

     

    (4) whenever
      in the administration of this Indenture the Trustee shall deem it desirable
      that
      a matter be proved or established prior to taking, suffering or omitting any
      action hereunder, the Trustee (unless other evidence be herein specifically
      prescribed) may, in the absence of bad faith on its part, rely upon an Officers’
Certificate;

     

    (5) the
      Trustee may consult with counsel and as a condition to the taking, suffering
      or
      omission of any action hereunder may demand an Opinion of Counsel, and the
      advice of such counsel or any Opinion of Counsel shall be full and complete
      authorization and protection in respect of any action taken, suffered or omitted
      by it hereunder in good faith and in reliance thereon;

     

    
      
        
        

      

      
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    (6) 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
      of Securities of any series or any related coupons pursuant to this Indenture,
      unless such Holders shall have offered to the Trustee reasonable security or
      indemnity against the costs, expenses and liabilities which might be incurred
      by
      it in compliance with such request or direction;

     

    (7) the
      Trustee shall not be bound to make any investigation into the facts or matters
      stated in any resolution, certificate, statement, instrument, opinion, report,
      notice, request, direction, consent, order, bond, debenture, note, coupon or
      other paper or document, but the Trustee, in its discretion, may make such
      further inquiry or investigation into such facts or matters as it may see fit,
      and, if the Trustee shall determine to make such further inquiry or
      investigation, it shall be entitled to examine the books, records and premises
      of the Company, personally or by agent or attorney;

     

    (8) 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; and

     

    (9) the
      Trustee shall not be liable for any action taken, suffered or omitted by it
      in
      good faith and reasonably believed by it to be authorized or within the
      discretion or rights or powers conferred upon it by this Indenture.

     

    The
      Trustee shall not be required to expend or risk its own funds or otherwise
      incur
      any financial liability in the performance of any of its duties hereunder,
      or in
      the exercise of any of its rights or powers, if it shall have reasonable grounds
      for believing that repayment of such funds or adequate indemnity against such
      risk or liability is not reasonably assured to it.

     

    Section
      603. Not
      Responsible for Recitals or Issuance of Securities.

     

    The
      recitals contained herein and in the Securities, except the Trustee’s
      certificate of authentication, and in any coupons shall be taken as the
      statements of the Company, and neither the Trustee nor any Authenticating Agent
      assumes any responsibility for their correctness. The Trustee makes no
      representations as to the validity or sufficiency of this Indenture or of the
      Securities or coupons, except that the Trustee represents that it is duly
      authorized to execute and deliver this Indenture, authenticate the Securities
      and perform its obligations hereunder. Neither the Trustee nor any
      Authenticating Agent shall be accountable for the use or application by the
      Company of Securities or the proceeds thereof.

     

    Section
      604. May
      Hold
      Securities.

     

    The
      Trustee, any Paying Agent, Security Registrar, Authenticating Agent or any
      other
      agent of the Company, in its individual or any other capacity, may become the
      owner or pledgee of Securities and coupons and, subject to TIA Sections 310(b)
      and 311, may otherwise deal with the Company with the same rights it would
      have
      if it were not Trustee, Paying Agent, Security Registrar, Authenticating Agent
      or such other agent.

     

    
      
        
        

      

      
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    Section
      605. Money
      Held in Trust.

     

    Money
      held by the Trustee in trust hereunder need not be segregated from other funds
      except to the extent required by law. The Trustee shall be under no liability
      for interest on, or investment of, any money received by it
      hereunder.

     

    Section
      606. Compensation
      and Reimbursement.

     

    The
      Company agrees:

     

    (1) to
      pay to
      the Trustee from time to time reasonable compensation for all services rendered
      by it hereunder, including extraordinary services rendered in connection with
      or
      during the continuation of a default hereunder (which compensation shall not
      be
      limited by any provision of law in regard to the compensation of a trustee
      of an
      express trust);

     

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

     

    (3) to
      indemnify each of the Trustee and any predecessor Trustee for, and to hold
      it
      harmless against, any loss, liability or expense, arising out of or in
      connection with the acceptance or administration of the trust or trusts or
      the
      performance of its duties hereunder, including the costs and expenses of
      defending itself against any claim or liability in connection with the exercise
      or performance of any of its powers or duties hereunder except to the extent
      any
      such loss, liability or expense may be attributable to its own negligence or
      bad
      faith.

     

    As
      security for the performance of the obligations of the Company under this
      Section, the Trustee shall have a lien prior to the Securities upon all property
      and funds held or collected by the Trustee as such, except funds held in trust
      for the payment of principal of (or premium or Make-Whole Amount, if any) or
      interest on particular Securities or any coupons.

     

    The
      provisions of this Section shall survive the termination of this
      Indenture.

     

    Section
      607. Corporate
      Trustee Required; Eligibility; Conflicting Interests.

     

    There
      shall at all times be a Trustee hereunder which shall be eligible to act as
      Trustee under TIA Section 310(a)(1) and shall have a combined capital and
      surplus of at least $25,000,000. If such corporation publishes reports of
      condition at least annually, pursuant to law or the requirements of Federal,
      State, Territorial or District of Columbia supervising or examining authority,
      then for the purposes of this Section, the combined capital and surplus of
      such
      corporation shall be deemed to be its combined capital and surplus as set forth
      in its most recent report of condition so published. If at any time the Trustee
      shall cease to be eligible in accordance with the provisions of this Section,
      it
      shall resign immediately in the manner and with the effect hereinafter specified
      in this Article.

     

    
      
        
        

      

      
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    Section
      608. Resignation
      and Removal; Appointment of Successor.

     

    (1) No
      resignation or removal of the Trustee and no appointment of a successor Trustee
      pursuant to this Article shall become effective until the acceptance of
      appointment by the successor Trustee in accordance with the applicable
      requirements of Section 609.

     

    (2) The
      Trustee may resign at any time with respect to the Securities of one or more
      series by giving written notice thereof to the Company. If an instrument of
      acceptance by a successor Trustee shall not have been delivered to the Trustee
      within 30 days after the giving of such notice of resignation, the resigning
      Trustee may petition any court of competent jurisdiction for the appointment
      of
      a successor Trustee.

     

    (3) The
      Trustee may be removed at any time with respect to the Securities of any series
      by Act of the Holders of a majority in principal amount of the Outstanding
      Securities of such series delivered to the Trustee and to the
      Company.

     

    (4) If
      at any
      time:

     

    (i) the
      Trustee shall fail to comply with the provisions of TIA Section 310(b) after
      written request therefor by the Company or by any Holder of a Security who
      has
      been a bona fide Holder of a Security for at least six months, or

     

    (ii) the
      Trustee shall cease to be eligible under Section 607 and shall fail to resign
      after written request therefor by the Company or by any Holder of a Security
      who
      has been a bona fide Holder of a Security for at least six months,
      or

     

    (iii) the
      Trustee shall become incapable of acting or shall be adjudged a bankrupt or
      insolvent or a receiver of the Trustee or of its property shall be appointed
      or
      any public officer shall take charge or control of the Trustee or of its
      property or affairs for the purpose of rehabilitation, conservation or
      liquidation,

     

    then,
      in
      any such case, (i) the Company by or pursuant to a Board Resolution may remove
      the Trustee and appoint a successor Trustee with respect to all Securities,
      or
      (ii) subject to TIA Section 315(e), any Holder of a Security who has been a
      bona
      fide Holder of a Security for at least six months may, on behalf of himself
      and
      all others similarly situated, petition any court of competent jurisdiction
      for
      the removal of the Trustee with respect to all Securities and the appointment
      of
      a successor Trustee or Trustees.

     

    
      
        
        

      

      
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    (5) If
      the
      Trustee shall resign, be removed or become incapable of acting, or if a vacancy
      shall occur in the office of Trustee for any cause with respect to the
      Securities of one or more series, the Company, by or pursuant to a Board
      Resolution, shall promptly appoint a successor Trustee or Trustees with respect
      to the Securities of that or those series (it being understood that any such
      successor Trustee may be appointed with respect to the Securities of one or
      more
      or all of such series and that at any time there shall be only one Trustee
      with
      respect to the Securities of any particular series). If, within one year after
      such resignation, removal or incapability, or the occurrence of such vacancy,
      a
      successor Trustee with respect to the Securities of any series shall be
      appointed by Act of the Holders of a majority in principal amount of the
      Outstanding Securities of such series delivered to the Company and the retiring
      Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance
      of such appointment, become the successor Trustee with respect to the Securities
      of such series and to that extent supersede the successor Trustee appointed
      by
      the Company. If no successor Trustee with respect to the Securities of any
      series shall have been so appointed by the Trust or the Holders of Securities
      and accepted appointment in the manner hereinafter provided, any Holder of
      a
      Security who has been a bona fide Holder of a Security of such series for at
      least six months may, on behalf of himself and all others similarly situated,
      petition any court of competent jurisdiction for the appointment of a successor
      Trustee with respect to Securities of such series.

     

    (6) The
      Company shall give notice of each resignation and each removal of the Trustee
      with respect to the Securities of any series and each appointment of a successor
      Trustee with respect to the Securities of any series in the manner provided
      for
      notices to the Holders of Securities in Section 106. Each notice shall include
      the name of the successor Trustee with respect to the Securities of such series
      and the address of its Corporate Trust Office.

     

    Section
      609. Acceptance
      of Appointment By Successor.

     

    (1) In
      case
      of the appointment hereunder of a successor Trustee with respect to all
      Securities, every such successor Trustee shall execute, acknowledge and deliver
      to the Company and to the retiring Trustee an instrument accepting such
      appointment, and thereupon the resignation or removal of the retiring Trustee
      shall become effective and such successor Trustee, without any further act,
      deed
      or conveyance, shall become vested with all the rights, powers, trusts and
      duties of the retiring Trustee; but, on request of the Company or the successor
      Trustee, such retiring Trustee shall, upon payment of its charges, execute
      and
      deliver an instrument transferring to such successor Trustee all the rights,
      powers and trusts of the retiring Trustee, and shall duly assign, transfer
      and
      deliver to such successor Trustee all property and money held by such retiring
      Trustee hereunder, subject nevertheless to its claim, if any, provided for
      in
      Section 606.

     

    
      
        
        

      

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

     

    (3) Upon
      request of any such successor Trustee, the Trust shall execute any and all
      instruments for more fully and certainly vesting in and confirming to such
      successor Trustee all such rights, powers and trusts referred to in paragraph
      (A) or (B) of this Section, as the case may be.

     

    (4) No
      successor Trustee shall accept its appointment unless at the time of such
      acceptance such successor Trustee shall be qualified and eligible under this
      Article.

     

    Section
      610. Merger,
      Conversion, Consolidation or Succession to Business.

     

    Any
      corporation into which the Trustee may be merged or converted or with which
      it
      may be consolidated, or any corporation resulting from any merger, conversion
      or
      consolidation to which the Trustee shall be a party, or any corporation
      succeeding to all or substantially all of the corporate trust business of the
      Trustee, shall be the successor of the Trustee hereunder, provided such
      corporation shall be otherwise qualified and eligible under this Article,
      without the execution or filing of any paper or any further act on the part
      of
      any of the parties hereto. In case any Securities or coupons shall have been
      authenticated, but not delivered, by the Trustee then in office, any successor
      by merger, conversion or consolidation to such authenticating Trustee may adopt
      such authentication and deliver the Securities or coupons so authenticated
      with
      the same effect as if such successor Trustee had itself authenticated such
      Securities or coupons. In case any Securities or coupons shall not have been
      authenticated by such predecessor Trustee, any such successor Trustee may
      authenticate and deliver such Securities or coupons, in either its own name
      or
      that of its predecessor Trustee, with the full force and effect which this
      Indenture provides for the certificate of authentication of the
      Trustee.

     

    
      
        
        

      

      
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    Section
      611. Appointment
      of Authenticating Agent.

     

    At
      any
      time when any of the Securities remain Outstanding, the Trustee may appoint
      an
      Authenticating Agent or Agents with respect to one or more series of Securities
      which shall be authorized to act on behalf of the Trustee to authenticate
      Securities of such series issued upon exchange, registration of transfer or
      partial redemption or repayment thereof, and Securities so authenticated shall
      be entitled to the benefits of this Indenture and shall be valid and obligatory
      for all purposes as if authenticated by the Trustee hereunder. Any such
      appointment shall be evidenced by an instrument in writing signed by a
      Responsible Officer of the Trustee, a copy of which instrument shall be promptly
      furnished to the Company. Wherever reference is made in this Indenture to the
      authentication and delivery of Securities by the Trustee or the Trustee’s
      certificate of authentication, such reference shall be deemed to include
      authentication and delivery on behalf of the Trustee by an Authenticating Agent
      and a certificate of authentication executed on behalf of the Trustee by an
      Authenticating Agent. Each Authenticating Agent shall be acceptable to the
      Trust
      and, except as may otherwise be provided pursuant to Section 301, shall at
      all
      times be a bank or trust company or corporation organized and doing business
      and
      in good standing under the laws of the United States of America or of any State
      or the District of Columbia, authorized under such laws to act as Authenticating
      Agent, having a combined capital and surplus of not less than $25,000,000 and
      subject to supervision or examination by Federal or State authorities. If such
      Authenticating Agent publishes reports of condition at least annually, pursuant
      to law or the requirements of the aforesaid supervising or examining authority,
      then for the purposes of this Section, the combined capital and surplus of
      such
      Authenticating Agent shall be deemed to be its combined capital and surplus
      as
      set forth in its most recent report of condition so published. In case at any
      time an Authenticating Agent shall cease to be eligible in accordance with
      the
      provisions of this Section, such Authenticating Agent shall resign immediately
      in the manner and with the effect specified in this Section.

     

    Any
      corporation into which an Authenticating Agent may be merged or converted or
      with which it may be consolidated, or any corporation resulting from any merger,
      conversion or consolidation to which such Authenticating Agent shall be a party,
      or any corporation succeeding to the corporate agency or corporate trust
      business of an Authenticating Agent, shall continue to be an Authenticating
      Agent, provided such corporation shall be otherwise eligible under this Section,
      without the execution or filing of any paper or further act on the part of
      the
      Trustee or the Authenticating Agent.

     

    An
      Authenticating Agent for any series of Securities may at any time resign by
      giving written notice of resignation to the Trustee for such series and to
      the
      Company. The Trustee for any series of Securities may at any time terminate
      the
      agency of an Authenticating Agent by giving written notice of termination to
      such Authenticating Agent and to the Company. Upon receiving such a notice
      of
      resignation or upon such a termination, or in case at any time such
      Authenticating Agent shall cease to be eligible in accordance with the
      provisions of this Section, the Trustee for such series may appoint a successor
      Authenticating Agent which shall be acceptable to the Company and shall give
      notice of such appointment to all Holders of Securities of or within the series
      with respect to which such Authenticating Agent will serve in the manner set
      forth in Section 106. Any successor Authenticating Agent upon acceptance of
      its
      appointment hereunder shall become vested with all the rights, powers and duties
      of its predecessor hereunder, with like effect as if originally named as an
      Authenticating Agent herein. No successor Authenticating Agent shall be
      appointed unless eligible under the provisions of this Section.

     

    
      
        
        

      

      
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    The
      Company agrees to pay to each Authenticating Agent from time to time reasonable
      compensation including reimbursement of its reasonable expenses for its services
      under this Section.

     

    If
      an
      appointment with respect to one or more series is made pursuant to this Section,
      the Securities of such series may have endorsed thereon, in addition to or
      in
      lieu of the Trustee’s certificate of authentication, an alternate certificate of
      authentication substantially in the following form:

     

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

     

    
      	
              _______________________________________,

            
	
              as
                Trustee

            
	 	 
	
              By:

            	 
	 	
              as
                Authenticating Agent

            
	 	 
	
              By:

            	 
	 	
              Authorized
                Officer

            

    

     

    
      
        
        

      

      
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    ARTICLE
      SEVEN

    HOLDERS’
      LISTS AND REPORTS BY TRUSTEE AND COMPANY

     

    Section
      701. Disclosure
      of Names and Addresses of Holders.

     

    Every
      Holder of Securities or coupons, by receiving and holding the same, agrees
      with
      the Company and the Trustee that neither the Company nor the Trustee nor any
      Authenticating Agent nor any Paying Agent nor any Security Registrar shall
      be
      held accountable by reason of the disclosure of any information as to the names
      and addresses of the Holders of Securities in accordance with TIA Section 312,
      regardless of the source from which such information was derived, and that
      the
      Trustee shall not be held accountable by reason of mailing any material pursuant
      to a request made under TIA Section 312(b).

     

    Section
      702. Reports
      by Trustee.

     

    Within
      60
      days after April 1 of each year commencing with the first April 1 after the
      first issuance of Securities pursuant to this Indenture, the Trustee shall
      transmit by mail to all Holders of Securities as provided in TIA Section 313(c)
      a brief report dated as of such April 1 if required by TIA Section
      313(a).

     

    Section
      703. Reports
      by Trust.

     

    The
      Company will:

     

    (1) file
      with
      the Trustee, within 15 days after the Company is required to file the same
      with
      the Commission, copies of the annual reports and of the information, documents
      and other reports (or copies of such portions of any of the foregoing as the
      Commission may from time to time by rules and regulations prescribe) which
      the
      Company may be required to file with the Commission pursuant to Section 13
      or
      Section 15(d) of the Exchange Act; or, if the Company is not required to file
      information, documents or reports pursuant to either of such Sections, then
      it
      will file with the Trustee and the Commission, in accordance with rules and
      regulations prescribed from time to time by the Commission, such of the
      supplementary and periodic information, documents and reports which may be
      required pursuant to Section 13 of the Exchange Act in respect of a security
      listed and registered on a national securities exchange as may be prescribed
      from time to time in such rules and regulations;

     

    (2) file
      with
      the Trustee and the Commission, in accordance with rules and regulations
      prescribed from time to time by the Commission, such additional information,
      documents and reports with respect to compliance by the Company with the
      conditions and covenants of this Indenture as may be required from time to
      time
      by such rules and regulations; and

     

    
      
        
        

      

      
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    (3) transmit
      by mail to the Holders of Securities, within 30 days after the filing thereof
      with the Trustee, in the manner and to the extent provided in TIA Section
      313(c), such summaries of any information, documents and reports required to
      be
      filed by the Trust pursuant to paragraphs (A) and (B) of this Section as may
      be
      required by rules and regulations prescribed from time to time by the
      Commission.

     

    Section
      704. Company
      to Furnish Trustee Names and Addresses of Holders.

     

    The
      Company will furnish or cause to be furnished to the Trustee:

     

    (1) semi-annually,
      not later than 15 days after the Regular Record Date for interest for each
      series of Securities, a list, in such form as the Trustee may reasonably
      require, of the names and addresses of the Holders of Registered Securities
      of
      such series as of such Regular Record Date, or if there is no Regular Record
      Date for interest for such series of Securities, semi-annually, upon such dates
      as are set forth in the Board Resolution or indenture supplemental hereto
      authorizing such series, and

     

    (2) at
      such
      other times as the Trustee may request in writing, within 30 days after the
      receipt by the Company of any such request, a list of similar form and content
      as of a date not more than 15 days prior to the time such list is furnished,
      provided, however, that, so long as the Trustee is the Security Registrar,
      no
      such list shall be required to be furnished.

     

    
      
        
        

      

      
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    ARTICLE
      EIGHT

    CONSOLIDATION,
      MERGER, SALE, LEASE OR CONVEYANCE

     

    Section
      801. Consolidations
      and Mergers of Company and Sales, Leases and Conveyances Permitted Subject
      to
      Certain Conditions.

     

    The
      Company may consolidate with, or sell, lease or convey all or substantially
      all
      of its assets to, or merge with or into any other Person, provided that in
      any
      such case, (i) either the Company shall be the continuing entity, or the
      successor (if other than the Company) entity shall be a Person organized and
      existing under the laws of the United States or a State thereof and such
      successor entity shall expressly assume the due and punctual payment of the
      principal of (and premium or Make-Whole Amount, if any) and any interest
      (including all Additional Amounts, if any, payable pursuant to Section 1011)
      on
      all of the Securities, according to their tenor, and the due and punctual
      performance and observance of all of the covenants and conditions of this
      Indenture to be performed by the Company by supplemental indenture, complying
      with Article Nine hereof, satisfactory to the Trustee, executed and delivered
      to
      the Trustee by such Person and (ii) immediately after giving effect to such
      transaction and treating any indebtedness which becomes an obligation of the
      Company or any Subsidiary as a result thereof as having been incurred by the
      Trust or such Subsidiary at the time of such transaction, no Event of Default,
      and no event which, after notice or the lapse of time, or both, would become
      an
      Event of Default, shall have occurred and be continuing.

     

    Section
      802. Rights
      and Duties of Successor Corporation.

     

    In
      case
      of any such consolidation, merger, sale, lease or conveyance and upon any such
      assumption by the successor entity, such successor entity shall succeed to
      and
      be substituted for the Company, with the same effect as if it had been named
      herein as the party of the first part, and the predecessor entity, except in
      the
      event of a lease, shall be relieved of any further obligation under this
      Indenture and the Securities. Such successor entity thereupon may cause to
      be
      signed, and may issue either in its own name or in the name of the Company,
      any
      or all of the Securities issuable hereunder which theretofore shall not have
      been signed by the Company and delivered to the Trustee; and, upon the order
      of
      such successor entity, instead of the Company, and subject to all the terms,
      conditions and limitations in this Indenture prescribed, the Trustee shall
      authenticate and shall deliver any Securities which previously shall have been
      signed and delivered by the officers of the Company to the Trustee for
      authentication, and any Securities which such successor entity thereafter shall
      cause to be signed and delivered to the Trustee for that purpose. All the
      Securities so issued shall in all respects have the same legal rank and benefit
      under this Indenture as the Securities theretofore or thereafter issued in
      accordance with the terms of this Indenture as though all of such Securities
      had
      been issued at the date of the execution hereof.

     

    In
      case
      of any such consolidation, merger, sale, lease or conveyance, such changes
      in
      phraseology and form (but not in substance) may be made in the Securities
      thereafter to be issued as may be appropriate.

     

    
      
        
        

      

      
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    Section
      803. Officers’
      Certificate and Opinion of Counsel.

     

    Any
      consolidation, merger, sale, lease or conveyance permitted under Section 801
      is
      also subject to the condition that the Trustee receive an Officers’ Certificate
      and an Opinion of Counsel to the effect that any such consolidation, merger,
      sale, lease or conveyance, and the assumption by any successor entity, complies
      with the provisions of this Article and that all conditions precedent herein
      provided for relating to such transaction have been complied with.

     

    
      
        
        

      

      
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    ARTICLE
      NINE

    SUPPLEMENTAL
      INDENTURES

     

    Section
      901. Supplemental
      Indentures Without Consent of Holders.

     

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

     

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

     

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

     

    (3) to
      add
      any additional Events of Default for the benefit of the Holders of all or any
      series of Securities (and if such Events of Default are to be for the benefit
      of
      less than all series of Securities, stating that such Events of Default are
      expressly being included solely for the benefit of such series); provided,
      however, that in respect of any such additional Events of Default such
      supplemental indenture may provide for a particular period of grace after
      default (which period may be shorter or longer than that allowed in the case
      of
      other defaults) or may provide for an immediate enforcement upon such default
      or
      may limit the remedies available to the Trustee upon such default or may limit
      the right of the Holders of a majority in aggregate principal amount of that
      or
      those series of Securities to which such additional Events of Default apply
      to
      waive such default; or

     

    (4) to
      add to
      or change any of the provisions of this Indenture to provide that Bearer
      Securities may be registrable as to principal, to change or eliminate any
      restrictions on the payment of principal of or any premium, Make-Whole Amount
      or
      interest on Bearer Securities, to permit Bearer Securities to be issued in
      exchange for Registered Securities, to permit Bearer Securities to be issued
      in
      exchange for Bearer Securities of other authorized denominations or to permit
      or
      facilitate the issuance of Securities in uncertificated form, provided that
      any
      such action shall not adversely affect the interests of the Holders of
      Securities of any series or any related coupons in any material respect;
      or

     

    (5) to
      change
      or eliminate any of the provisions of this Indenture, provided that any such
      change or elimination shall become effective only when there is no Security
      Outstanding of any series created prior to the execution of such supplemental
      indenture which is entitled to the benefit of such provision; or

     

    
      
        
        

      

      
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    (6) to
      secure
      the Securities; or

     

    (7) to
      establish the form or terms of Securities of any series and any related coupons
      as permitted by Sections 201 and 301; or

     

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

     

    (9) to
      cure
      any ambiguity, to correct or supplement any provision herein which may be
      defective or inconsistent with any other provision herein, or to make any other
      provisions with respect to matters or questions arising under this Indenture
      which shall not be inconsistent with the provisions of this Indenture or to
      make
      any other changes, provided that in each case, such provisions shall not
      adversely affect the interests of the Holders of Securities of any series or
      any
      related coupons in any material respect; or

     

    (10) to
      close
      this Indenture with respect to the authentication and delivery of additional
      series of Securities or to qualify, or maintain qualification of, this Indenture
      under the TIA; or

     

    (11) to
      supplement any of the provisions of this Indenture to such extent as shall
      be
      necessary to permit or facilitate the defeasance and discharge of any series
      of
      Securities pursuant to Sections 401, 1402 and 1403; provided in each case that
      any such action shall not adversely affect the interests of the Holders of
      Securities of such series and any related coupons or any other series of
      Securities in any material respect.

     

    Section
      902. Supplemental
      Indentures With Consent of Holders.

     

    With
      the
      consent of the Holders of not less than a majority in principal amount of all
      Outstanding Securities affected by such supplemental indenture, by Act of said
      Holders delivered to the Company and the Trustee, the Company, when authorized
      by or pursuant to a Board Resolution, and the Trustee may enter into an
      indenture or indentures supplemental hereto for the purpose of adding any
      provisions to or changing in any manner or eliminating any of the provisions
      of
      this Indenture or of modifying in any manner the rights of the Holders of
      Securities and any related coupons under this Indenture; provided, however,
      that
      no such supplemental indenture shall, without the consent of the Holder of
      each
      Outstanding Security affected thereby:

     

    (1) change
      the Stated Maturity of the principal of (or premium or Make-Whole Amount, if
      any, on) or any installment of principal of or interest on, any Security; or
      reduce the principal amount thereof or the rate or amount of interest thereon
      or
      any Additional Amounts payable in respect thereof, or any premium or Make-Whole
      Amount payable upon the redemption thereof, or change any obligation of the
      Company to pay Additional Amounts pursuant to Section 1011 (except as
      contemplated by Section 801(i) and permitted by Section 901(A)), or reduce
      the
      amount of the principal of an Original Issue Discount Security or Make-Whole
      Amount, if any, that would be due and payable upon a declaration of acceleration
      of the Maturity thereof pursuant to Section 502 or the amount thereof provable
      in bankruptcy pursuant to Section 504; or adversely affect any right of
      repayment at the option of the Holder of any Security, or change any Place
      of
      Payment where, or the currency or currencies, currency unit or units or
      composite currency or currencies in which, the principal of any Security or
      any
      premium or Make-Whole Amount or any Additional Amounts payable in respect
      thereof or the interest thereon is payable; or impair the right to institute
      suit for the enforcement of any such payment on or after the Stated Maturity
      thereof (or, in the case of redemption or repayment at the option of the Holder,
      on or after the Redemption Date or the Repayment Date, as the case may be);
      or

     

    
      
        
        

      

      
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    (2) reduce
      the percentage in principal amount of the Outstanding Securities of any series,
      the consent of whose Holders is required for any such supplemental indenture,
      or
      the consent of whose Holders is required for any waiver with respect to such
      series (or compliance with certain provisions of this Indenture or certain
      defaults hereunder and their consequences) provided for in this Indenture,
      or
      reduce the requirements of Section 1504 for quorum or voting; or

     

    (3) modify
      any of the provisions of this Section, Section 513 or Section 1012, except
      to
      increase the required percentage to effect such action or to provide that
      certain other provisions of this Indenture cannot be modified or waived without
      the consent of the Holder of each Outstanding Security affected
      thereby.

     

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

     

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

     

    Section
      903. Execution
      of Supplemental Indentures.

     

    In
      executing, or accepting the additional trusts created by, any supplemental
      indenture permitted by this Article or the modification thereby of the trusts
      created by this Indenture, the Trustee shall be entitled to receive, and shall
      be fully protected in relying upon, an Opinion of Counsel stating that the
      execution of such supplemental indenture is authorized or permitted by this
      Indenture and that all conditions precedent to the execution of such
      supplemental indenture have been complied with. The Trustee may, but shall
      not
      be obligated to, enter into any such supplemental indenture which affects the
      Trustees own rights, duties or immunities under this Indenture or
      otherwise.

     

    Section
      904. Effect
      of
      Supplemental Indentures.

     

    Upon
      the
      execution of any supplemental indenture under this Article, this Indenture
      shall
      be modified in accordance therewith, and such supplemental indenture shall
      form
      a part of this Indenture for all purposes; and every Holder of Securities
      theretofore or thereafter authenticated and delivered hereunder and of any
      coupon appertaining thereto shall be bound thereby.

     

    Section
      905. Conformity
      with Trust Indenture Act.

     

    Every
      supplemental indenture executed pursuant to this Article shall conform to the
      requirements of the Trust Indenture Act as then in effect.

     

    
      
        
        

      

      
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    Section
      906. Reference
      in Securities to Supplemental Indentures.

     

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

     

    Section
      907. Notice
      of
      Supplemental Indentures.

     

    Promptly
      after the execution by the Company and the Trustee of any supplemental indenture
      pursuant to the provisions of Section 902, the Trust shall give notice thereof
      to the Holders of each Outstanding Security affected, in the manner provided
      for
      in Section 106, setting forth in general terms the substance of such
      supplemental indenture.

     

    
      
        
        

      

      
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    ARTICLE
      TEN

    COVENANTS

     

    Section
      1001. Payment
      of Principal, Premium or Make-Whole Amount, if any, Interest and Additional
      Amounts.

     

    The
      Company covenants and agrees for the benefit of the Holders of each series
      of
      Securities that it will duly and punctually pay the principal of (and premium
      or
      Make-Whole Amount, if any) and interest on and any Additional Amounts payable
      in
      respect of the Securities of that series in accordance with the terms of such
      series of Securities, any coupons appertaining thereto and this Indenture.
      Unless otherwise specified as contemplated by Section 301 with respect to any
      series of Securities, any interest due on and any Additional Amounts payable
      in
      respect of Bearer Securities on or before Maturity, other than Additional
      Amounts, if any, payable as provided in Section 1011 in respect of principal
      of
      (or premium or Make-Whole Amount, if any, on) such a Security, shall be payable
      only upon presentation and surrender of the several coupons for such interest
      installments as are evidenced thereby as they severally mature. Unless otherwise
      specified with respect to Securities of any series pursuant to Section 301,
      at
      the option of the Company, all payments of principal may be paid by check to
      the
      registered Holder of the Registered Security or other person entitled thereto
      against surrender of such Security.

     

    Section
      1002. Maintenance
      of Office or Agency.

     

    If
      Securities of a series are issuable only as Registered Securities, the Company
      shall maintain in each Place of Payment for any series of Securities an office
      or agency where Securities of that series may be presented or surrendered for
      payment, where Securities of that series may be surrendered for registration
      of
      transfer or exchange and where notices and demands to or upon the Company in
      respect of the Securities of that series and this Indenture may be served.
      If
      Securities of a series are issuable as Bearer Securities, the Company will
      maintain: (A) in the Borough of Manhattan, The City of New York, an office
      or
      agency where any Registered Securities of that series may be presented or
      surrendered for payment, where any Registered Securities of that series may
      be
      surrendered for exchange, where notices and demands to or upon the Company
      in
      respect of the Securities of that series and this Indenture may be served and
      where Bearer Securities of that series and related coupons may be presented
      or
      surrendered for payment in the circumstances described in the following
      paragraph (and not otherwise); (B) subject to any laws or regulations applicable
      thereto, in a Place of Payment for that series which is located outside the
      United States, an office or agency where Securities of that series and related
      coupons may be presented and surrendered for payment (including payment of
      any
      Additional Amounts payable on Securities of that series pursuant to Section
      1011); provided, however, that if the Securities of that series are listed
      on
      the Luxembourg Stock Exchange, The International Stock Exchange or any other
      stock exchange located outside the United States and such stock exchange shall
      so require, the Company will maintain a Paying Agent for the Securities of
      that
      series in Luxembourg, London or any other required city located outside the
      United States, as the case may be, so long as the Securities of that series
      are
      listed in such exchange; and (C) subject to any laws or regulations applicable
      thereto, in a Place of Payment for that series located outside the United States
      an office or agency where any Securities of that series may be surrendered
      for
      registration of transfer, where Securities of that series may be surrendered
      for
      exchange and where notices and demands to or upon the Company in respect of
      the
      Securities of that series and this Indenture may be served. The Company will
      give prompt written notice to the Trustee of the location, and any change in
      the
      location, of each 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,
      except that Bearer Securities of that series and the related coupons may be
      presented and surrendered for payment (including payment of any Additional
      Amounts payable on Bearer Securities of that series pursuant to Section 1011)
      at
      the offices specified in the Security, in London, England, and the Company
      hereby appoints the same as its agent to receive such respective presentations,
      surrenders, notices and demands, and the Company hereby appoints the Trustee
      its
      agent to receive all such presentations, surrenders, notices and
      demands.

     

    
      
        
        

      

      
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    Unless
      otherwise specified with respect to any Securities pursuant to Section 301,
      no
      payment of principal, premium, Make-Whole Amount or interest on or Additional
      Amounts in respect of Bearer Securities shall be made at any office or agency
      of
      the Company in the United States or by check mailed to any address in the United
      States or by transfer to an account maintained with a bank located in the United
      States; provided, however, that, if the Securities of a series are payable
      in
      Dollars, payment of principal of and any premium and interest on any Bearer
      Security (including any Additional Amounts or Make-Whole Amount payable on
      Securities of such series pursuant to Section 1011) shall be made at the office
      of the Company’s Paying Agent in the Borough of Manhattan, The City of New York,
      if (but only if) payment in Dollars of the full amount of such principal,
      premium, interest, Additional Amounts or Make-Whole Amount, as the case may
      be,
      at all offices or agencies outside the United States maintained for the purpose
      by the Company in accordance with this Indenture, is illegal or effectively
      precluded by exchange controls or other similar restrictions.

     

    The
      Company may from time to time designate one or more other offices or agencies
      where the Securities of one or more series and related coupons, if any, may
      be
      presented or surrendered for any or all of such purposes, and may from time
      to
      time rescind such designations; provided, however, that no such designation
      or
      rescission shall in any manner relieve the Company of its obligation to maintain
      an office or agency in accordance with the requirements set forth above for
      Securities of any series for such purposes. The Company will give prompt written
      notice to the Trustee of any such designation or rescission and of any change
      in
      the location of any such other office or agency. Unless otherwise specified
      with
      respect to any Securities pursuant to Section 301 with respect to a series
      of
      Securities, the Company hereby designates as Places of Payment for each series
      of Securities the Corporate Trust Office of the Trustee and the office or agency
      of _____________________________________ at __________________________, New
      York, New York _____, in the Borough of Manhattan, The City of New York,
      initially appoints the Trustee as a Paying Agent in ________________, and
      _______________________ as Paying Agent in the Borough of Manhattan, The City
      of
      New York, and appoints each as its agent to receive all such presentations,
      surrenders, notices and demands.

     

    Unless
      otherwise specified with respect to any Securities pursuant to Section 301,
      if
      and so long as the Securities of any series (i) are denominated in a Foreign
      Currency or (ii) may be payable in a Foreign Currency, or so long as it is
      required under any other provision of the Indenture, then the Company will
      maintain with respect to each such series of Securities, or as so required,
      at
      least one exchange rate agent.

     

    
      
        
        

      

      
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    Section
      1003. Money
      for
      Securities Payments to Be Held in Trust.

     

    If
      the
      Company shall at any time act as its own Paying Agent with respect to any series
      of any Securities and any related coupons, it will, on or before each due date
      of the principal of (and premium or Make-Whole Amount, if any), or interest
      on
      or Additional Amounts in respect of, any of the Securities of that series,
      segregate and hold in trust for the benefit of the Persons entitled thereto
      a
      sum in the currency or currencies, currency unit or units or composite currency
      or currencies in which the Securities of such series are payable (except as
      otherwise specified pursuant to Section 301 for the Securities of such series)
      sufficient to pay the principal (and premium or Make-Whole Amount, if any)
      or
      interest or Additional Amounts so becoming due until such sums shall be paid
      to
      such Persons or otherwise disposed of as herein provided, and will promptly
      notify the Trustee of its action or failure so to act.

     

    Whenever
      the Company shall have one or more Paying Agents for any series of Securities
      and any related coupons, it will, on or before each due date of the principal
      of
      (and premium or Make-Whole Amount, if any), or interest on or Additional Amounts
      in respect of, any Securities of that series, deposit with a Paying Agent a
      sum
      (in the currency or currencies, currency unit or units or composite currency
      or
      currencies described in the preceding paragraph) sufficient to pay the principal
      (and premium or Make-Whole Amount, if any) or interest or Additional Amounts,
      so
      becoming due, such sum to be held in trust for the benefit of the Persons
      entitled to such principal, premium, Make-Whole Amount or interest or Additional
      Amounts and (unless such Paying Agent is the Trustee) the Company will promptly
      notify the Trustee of its action or failure so to act.

     

    The
      Company will cause each Paying Agent other than the Trustee to execute and
      deliver to the Trustee an instrument in which such Paying Agent shall agree
      with
      the Trustee, subject to the provisions of this Section, that such Paying Agent
      will

     

    (1) hold
      all
      sums held by it for the payment of principal of (and premium or Make-Whole
      Amount, if any) or interest on Securities in trust for the benefit of the
      Persons entitled thereto until such sums shall be paid to such Persons or
      otherwise disposed of as herein provided;

     

    (2) give
      the
      Trustee notice of any default by the Company (or any other obligor upon the
      Securities) in the making of any such payment of principal (and premium or
      Make-Whole Amount, if any) or interest; and

     

    (3) at
      any
      time during the continuance of any such default upon the written request of
      the
      Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying
      Agent.

     

    The
      Company may at any time, for the purpose of obtaining the satisfaction and
      discharge of this Indenture or for any other purpose, pay, or by Company Order
      direct any Paying Agent to pay, to the Trustee all sums held in trust by the
      Company or such Paying Agent, such sums to be held by the Trustee upon the
      same
      trusts as those upon which such sums were held by the Company or such Paying
      Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying
      Agent shall be released from all further liability with respect to such
      sums.

     

    
      
        
        

      

      
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    Except
      as
      otherwise provided in the Securities of any series, any money deposited with
      the
      Trustee or any Paying Agent, or then held by the Company, in trust for the
      payment of the principal of (and premium or Make-Whole Amount, if any) or
      interest on, or any Additional Amounts in respect of, any Security of any series
      and remaining unclaimed for two years after such principal (and premiums or
      Make-Whole Amount, if any), interest or Additional Amounts has become due and
      payable shall be paid to the Company upon Company Request or (if then held
      by
      the Company)shall be discharged from such trust; and the Holder of such Security
      shall thereafter, as an unsecured general creditor, look only to the Company
      for
      payment of such principal of (and premium or Make-Whole Amount, if any) or
      interest on, or any Additional Amounts in respect of, any Security, without
      interest thereon, and all liability of the Trustee or such Paying Agent with
      respect to such trust money, 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 an Authorized Newspaper,
      notice that such money remains unclaimed and that, after a date specified
      therein, which shall not be less than 30 days from the date of such publication,
      any unclaimed balance of such money then remaining will be repaid to the
      Company.

     

    Section
      1004. [Omitted].

     

    Section
      1005. Existence.

     

    Subject
      to Article Eight, the Company will do or cause to be done all things necessary
      to preserve and keep in full force and effect the existence, rights (charter
      and
      statutory) and franchises of the Company and its Subsidiaries; provided,
      however, that the Company shall not be required to preserve any right or
      franchise 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 Subsidiaries as a whole and that the loss thereof is not disadvantageous
      in
      any material respect to the Holders of Securities of any series.

     

    Section
      1006. Maintenance
      of Properties.

     

    The
      Company will cause all of its properties used or useful in the conduct of its
      business or the business of any Subsidiary to be maintained and kept in good
      condition, repair and working order and supplied with all necessary equipment
      and will cause to be made all necessary repairs, renewals, replacements,
      betterments and improvements thereof, all as in the judgment of the Company
      may
      be necessary so that the business carried on in connection therewith may be
      properly and advantageously conducted at all times; provided, however, that
      nothing in this Section shall prevent the Company or any Subsidiary from selling
      or otherwise disposing of for value its properties in the ordinary course of
      its
      business.

     

    
      
        
        

      

      
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    Section
      1007. Insurance.

     

    The
      Company will, and will cause each of its Subsidiaries to, keep all of its
      insurable properties insured against loss or damage at least equal to their
      then
      full insurable value with financially sound and reputable insurance
      companies.

     

    Section
      1008. Payment
      of Taxes and Other Claims.

     

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

     

    Section
      1009. Provision
      of Financial Information.

     

    Whether
      or not the Company is subject to Section 13 or 15(d) of the Exchange Act, the
      Company will, to the extent permitted under the Exchange Act, file with the
      Commission the annual reports, quarterly reports and other documents which
      the
      Company would have been required to file with the Commission pursuant to such
      Section 13 or 15(d) (the “Financial Statements”) if the

     

    Company
      were so subject, such documents to be filed with the Commission on or prior
      to
      the respective dates (the “Required Filing Dates”) by which the Trust would have
      been required so to file such documents if the Company were so
      subject.

     

    The
      Company will also in any event (x) within 15 days of each Required Filing Date
      (i) transmit by mail to all Holders, as their names and addresses appear in
      the
      Security Register, without cost to such Holders, copies of the annual reports
      and quarterly reports which the Company would have been required to file with
      the Commission pursuant to Section 13 or 15(d) of the Exchange Act if the
      Company were subject to such Sections, and (ii) file with the Trustee copies
      of
      annual reports, quarterly reports and other documents which the Company would
      have been required to file with the Commission pursuant to Section 13 or 15(d)
      of the Exchange Act if the Company were subject to such Sections and (y) if
      filing such documents by the Company with the Commission is not permitted under
      the Exchange Act, promptly upon written request and payment of the reasonable
      cost of duplication and delivery, supply copies of such documents to any
      prospective Holder.

     

    Section
      1010. Statement
      as to Compliance.

     

    The
      Company will deliver to the Trustee within 120 days after the end of each fiscal
      year, a brief certificate from the principal executive officer, principal
      financial officer or principal accounting officer as to his or her knowledge
      of
      the Company’s compliance with all conditions and covenants under this Indenture
      and, in the event of any noncompliance, specifying such noncompliance and the
      nature and status thereof. For purposes of this Section 1010, such compliance
      shall be determined without regard to any period of grace or requirement of
      notice under this Indenture.

     

    
      
        
        

      

      
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    Section
      1011. Additional
      Amounts.

     

    If
      any
      Securities of a series provide for the payment of Additional Amounts, the
      Company will pay to the Holder or any Security of such series or any coupon
      appertaining thereto Additional Amounts as may be specified as contemplated
      by
      Section 301. Whenever in this Indenture there is mentioned, in any context
      except in the case of Section 502(A), the payment of the principal or of any
      premium, Make-Whole Amount or interest on, or in respect of, any Security of
      any
      series or payment of any related coupon or the net proceeds received on the
      sale
      or exchange of any Security of any series, such mention shall be deemed to
      include mention of the payment of Additional Amounts provided by the terms
      of
      such series established pursuant to Section 301 to the extent that, in such
      context, Additional Amounts are, were or would be payable in respect thereof
      pursuant to such terms and express mention of the payment of Additional Amounts
      (if applicable) in any provisions hereof shall not be construed as excluding
      Additional Amounts in those provisions hereof where such express mention is
      not
      made.

     

    Except
      as
      otherwise specified as contemplated by Section 301, if the Securities of a
      series provide for the payment of Additional Amounts, at least 10 days prior
      to
      the first Interest Payment Date with respect to that series of Securities (or
      if
      the Securities of that series will not bear interest prior to Maturity, the
      first day on which a payment of principal and any premium is made), and at
      least
      10 days prior to each date of payment of principal and any premium or Make-Whole
      Amount or interest if there has been any change with respect to the matters
      set
      forth in the below-mentioned Officers’ Certificate, the Company will furnish the
      Trustee and the Company’s principal Paying Agent or Paying Agents, if other than
      the Trustee, with an Officers’ Certificate instructing the Trustee and such
      Paying Agent or Paying Agents whether such payment of principal of and any
      premium or interest on the Securities of that series shall be made to Holders
      of
      Securities of that series or any related coupons who are not United States
      persons without withholding for or on account of any tax, assessment or other
      governmental charge described in the Securities of or within the series. If
      any
      such withholding shall be required, then such Officers’ Certificate shall
      specify by country the amount, if any, required to be withheld on such payments
      to such Holders of Securities of that series or related coupons and the Company
      will pay to the Trustee or such Paying Agent the Additional Amounts required
      by
      the terms of such Securities. In the event that the Trustee or any Paying Agent,
      as the case may be, shall not so receive the above-mentioned certificate, then
      the Trustee or such Paying Agent shall be entitled (i) to assume that no such
      withholding or deduction is required with respect to any payment of principal
      or
      interest with respect to any Securities of a series or related coupons until
      it
      shall have received a certificate advising otherwise and (ii) to make all
      payments of principal and interest with respect to the Securities of a series
      or
      related coupons without withholding or deductions until otherwise advised.
      The
      Company covenants to indemnify the Trustee and any Paying Agent for, and to
      hold
      them harmless against, any loss, liability or expense reasonably incurred
      without negligence or bad faith on their part arising out of or in connection
      with actions taken or omitted by any of them in reliance on any Officers’
Certificate furnished pursuant to this Section or in reliance on the Company’s
      not furnishing such an Officers’ Certificate.

     

    
      
        
        

      

      
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    Section
      1012. Waiver
      of
      Certain Covenants.

     

    The
      Company may omit in any particular instance to comply with any term, provision
      or condition set forth in Sections 1004 to 1009, inclusive, and with any other
      term, provision or condition with respect to the Securities of any series
      specified in accordance with Section 301 (except any such term, provision or
      condition which could not be amended without the consent of all Holders of
      Securities of such series pursuant to Section 902), if before or after the
      time
      for such compliance the Holders of at least a majority in principal amount
      of
      all outstanding Securities of such series, by Act of such Holders, either waive
      such compliance in such instance or generally waive compliance with such
      covenant or condition, but no such waiver shall extend to or affect such
      covenant or condition except to the extent so expressly waived, and, until
      such
      waiver shall become effective, the obligations of the Company and the duties
      of
      the Trustee in respect of any such term, provision or condition shall remain
      in
      full force and effect.

     

    
      
        
        

      

      
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    ARTICLE
      ELEVEN

    REDEMPTION
      OF SECURITIES

     

    Section
      1101. Applicability
      of Article.

     

    Securities
      of any series which are redeemable before their Stated Maturity shall be
      redeemable in accordance with their terms and (except as otherwise specified
      as
      contemplated by Section 301 for Securities of any series) in accordance with
      this Article.

     

    Section
      1102. Election
      to Redeem; Notice to Trustee.

     

    The
      election of the Company to redeem any Securities shall be evidenced by or
      pursuant to a Board Resolution. In case of any redemption at the election of
      the
      Company of less than all of the Securities of any series, the Company shall,
      at
      least 45 days prior to the giving of the notice of redemption in Section 1104
      (unless a shorter notice shall be satisfactory to the Trustee), notify the
      Trustee of such Redemption Date and of the principal amount of Securities of
      such series to be redeemed. In the case of any redemption of Securities prior
      to
      the expiration of any restriction on such redemption provided in the terms
      of
      such Securities or elsewhere in this Indenture, the Company shall furnish the
      Trustee with an Officers’ Certificate evidencing compliance with such
      restriction.

     

    Section
      1103. Selection
      by Trustee of Securities to Be Redeemed.

     

    If
      less
      than all the Securities of any series issued on the same day with the same
      terms
      are to be redeemed, the particular Securities to be redeemed shall be selected
      not more than 60 days prior to the Redemption Date by the Trustee, from the
      Outstanding Securities of such series issued on such date with the same terms
      not previously called for redemption, by such method as the Trustee shall deem
      fair and appropriate and which may provide for the selection for redemption
      of
      portions (equal to the minimum authorized denomination for Securities of that
      series or any integral multiple thereof) of the principal amount of Securities
      of such series of a denomination larger than the minimum authorized denomination
      for Securities of that series.

     

    The
      Trustee shall promptly notify the Company and the Security Registrar (if other
      than itself) in writing of the Securities selected for redemption and, in the
      case of any Securities selected for partial redemption, the principal amount
      thereof to be redeemed.

     

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

     

    Section
      1104. Notice
      of
      Redemption.

     

    Notice
      of
      redemption shall be given in the manner provided in Section 106, not less than
      30 days nor more than 60 days prior to the Redemption Date, unless a shorter
      period is specified by the terms of such series established pursuant to Section
      301, to each Holder of Securities to be redeemed, but failure to give such
      notice in the manner herein provided to the Holder of any Security designated
      for redemption as a whole or in part, or any defect in the notice to any such
      Holder, shall not affect the validity of the proceedings for the redemption
      of
      any other such Security or portion thereof.

     

    
      
        
        

      

      
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    Any
      notice that is mailed to the Holders of Registered Securities in the manner
      herein provided shall be conclusively presumed to have been duly given, whether
      or not the Holder receives the notice.

     

    All
      notices of redemption shall state:

     

    (1) the
      Redemption Date;

     

    (2) the
      Redemption Price, accrued interest to the Redemption Date payable as provided
      in
      Section 1106, if any, and Additional Amounts, if any;

     

    (3) if
      less
      than all Outstanding Securities of any series are to be redeemed, the
      identification (and, in the case of partial redemption, the principal amount)
      of
      the particular Security or Securities to be redeemed;

     

    (4) in
      case
      any Security is to be redeemed in part only, that on and after the Redemption
      Date, upon surrender of such Security, the holder will receive, without a
      charge, a new Security or Securities of authorized denominations for the
      principal amount thereof remaining unredeemed;

     

    (5) that
      on
      the Redemption Date the Redemption Price and accrued interest to the Redemption
      Date payable as provided in Section 1106, if any, will become due and payable
      upon each such Security, or the portion thereof, to be redeemed and, if
      applicable, that interest thereon shall cease to accrue on and after said
      date;

     

    (6) the
      Place
      or Places of Payment where such Securities, together in the case of Bearer
      Securities with all coupons appertaining thereto, if any, maturing after the
      Redemption Date, are to be surrendered for payment of the Redemption Price
      and
      accrued interest, if any;

     

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

     

    (8) that,
      unless otherwise specified in such notice, Bearer Securities of any series,
      if
      any, surrendered for redemption must be accompanied by all coupons maturing
      subsequent to the date fixed for redemption or the amount of any such missing
      coupon or coupons will be deducted from the Redemption Price, unless security
      or
      indemnity satisfactory to the Company, the Trustee for such series and any
      Paying Agent is furnished;

     

    (9) if
      Bearer
      Securities of any series are to be redeemed and any Registered Securities of
      such series are not to be redeemed, and if such Bearer Securities may be
      exchanged for Registered Securities not subject to the redemption on this
      Redemption Date pursuant to Section 305 or otherwise, the last date, as
      determined by the Company, on which such exchanges may be made;

     

    
      
        
        

      

      
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    (10) the
      CUSIP
      number of such Security, if any, provided that neither the Company nor the
      Trustee shall have any responsibility for any such CUSIP number;
      and

     

    (11) if
      applicable, that a Holder of Securities who desires to convert Securities to
      be
      redeemed must satisfy the requirements for conversion contained in such
      Securities, the then existing conversion price or rate and the date and time
      when the option to convert shall expire.

     

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

     

    Section
      1105. Deposit
      of Redemption Price.

     

    On
      or
      prior to any Redemption Date, the Company shall deposit with the Trustee or
      with
      a Paying Agent (or, if the Company is acting as its own Paying Agent, which
      it
      may not do in the case of a sinking fund payment under Article Twelve, segregate
      and hold in trust as provided in Section 1003) an amount of money in the
      currency or currencies, currency unit or units or composite currency or
      currencies in which the Securities of such series are payable (except as
      otherwise specified pursuant to Section 301 for the Securities of such series)
      sufficient to pay on the Redemption Date the Redemption Price of, and (except
      if
      the Redemption Date shall be an Interest Payment Date) accrued interest on,
      all
      the Securities or portions thereof which are to be redeemed on that
      date.

     

    Section
      1106. Securities
      Payable on Redemption Date.

     

    Notice
      of
      redemption having been given as aforesaid, the Securities so to be redeemed
      shall, on the Redemption Date, become due and payable at the Redemption Price
      therein specified in the currency or currencies, currency unit or units or
      composite currency or currencies in which the Securities of such series are
      payable (except as otherwise specified pursuant to Section 301 for the
      Securities of such series) (together with accrued interest, if any, to the
      Redemption Date), and from and after such date (unless the Company shall default
      in the payment of the Redemption Price and accrued interest) such Securities
      shall, if the same were interest-bearing, cease to bear interest and the coupons
      for such interest appertaining to any Bearer Securities so to be redeemed,
      except to the extent provided below, shall be void. Upon surrender of any such
      Security for redemption in accordance with said notice, together with all
      coupons, if any, appertaining thereto maturing after the Redemption Date, such
      Security shall be paid by the Company at the Redemption Price, together with
      accrued interest, if any, to the Redemption Date; provided, however, that
      installments of interest on Bearer Securities whose Stated Maturity is on or
      prior to the Redemption Date shall be payable only at an office or agency
      located outside the United States (except as otherwise provided in Section
      1002)
      and, unless otherwise specified as contemplated by Section 301, only upon
      presentation and surrender of coupons for such interest; and provided further
      that, installments of interest on Registered Securities whose Stated Maturity
      is
      on or prior to the Redemption Date shall be payable to the Holders of such
      Securities, or one or more Predecessor Securities, registered as such at the
      close of business on the relevant Record Dates according to their terms and
      the
      provisions of Section 307.

     

    
      
        
        

      

      
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    If
      any
      Bearer Security surrendered for redemption shall not be accompanied by all
      appurtenant coupons maturing after the Redemption Date, such Security may be
      paid after deducting from the Redemption Price an amount equal to the face
      amount of all such missing coupons, or the surrender of such missing coupon
      or
      coupons may be waived by the Company and the Trustee if there be furnished
      to
      them such security or indemnity as they may require to save each of them and
      any
      Paying Agent harmless. If thereafter the Holder of such Security shall surrender
      to the Trustee or any Paying Agent any such missing coupon in respect of which
      a
      deduction shall have been made from the Redemption Price, such Holder shall
      be
      entitled to receive the amount so deducted; provided, however, that interest
      represented by coupons shall be payable only at an office or agency located
      outside the United States (except as otherwise provided in Section 1002) and,
      unless otherwise specified as contemplated by Section 301, only upon
      presentation and surrender of those coupons.

     

    If
      any
      Security called for redemption shall not be so paid upon surrender thereof
      for
      redemption, the principal (and premium or Make-Whole Amount, if any) shall,
      until paid, bear interest from the Redemption Date at the rate borne by the
      Security.

     

    Section
      1107. Securities
      Redeemed in Part.

     

    Any
      Security which is to be redeemed only in part (pursuant to the provisions of
      this Article or of Article Twelve) shall be surrendered at a Place of Payment
      therefor (with, if the Company or the Trustee so requires, due endorsement
      by,
      or a written instrument of transfer in form satisfactory to the Company and
      the
      Trustee duly executed by, the Holder thereof or his attorney duly authorized
      in
      writing) and the Company shall execute and the Trustee shall authenticate and
      deliver to the Holder of such Security without service charge a new Security
      or
      Securities of the same series, of any authorized denomination as requested
      by
      such Holder in aggregate principal amount equal to and in exchange for the
      unredeemed portion of the principal of the Security so surrendered.

     

    
      
        
        

      

      
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    ARTICLE
      TWELVE

    SINKING
      FUNDS

     

    Section
      1201. Applicability
      of Article.

     

    The
      provisions of this Article shall be applicable to any sinking fund for the
      retirement of Securities of a series except as otherwise specified as
      contemplated by Section 301 for Securities of such series.

     

    The
      minimum amount of any sinking fund payment provided for by the terms of
      Securities of any series is herein referred to as a “mandatory sinking fund
      payment,” and any payment in excess of such minimum amount provided for by the
      terms of such Securities of any series is herein referred to as an “optional
      sinking fund payment.” If provided for by the terms of any Securities of any
      series, the cash amount of any mandatory sinking fund payment may be subject
      to
      reduction as provided in Section 1202. Each sinking fund payment shall be
      applied to the redemption of Securities of any series as provided for by the
      terms of Securities of such series.

     

    Section
      1202. Satisfaction
      of Sinking Fund Payments with Securities.

     

    The
      Company may, in satisfaction of all or any part of any mandatory sinking fund
      with respect to the Securities of a series, (1) deliver Outstanding Securities
      of such series (other than any previously called for redemption) together in
      the
      case of any Bearer Securities of such series with all matured coupons
      appertaining thereto and (2) apply as a credit Securities of such series which
      have been redeemed either at the election of the Company pursuant to the terms
      of such Securities or through the application of permitted optional sinking
      fund
      payments pursuant to the terms of such Securities, as provided for by the terms
      of such Securities, or which have otherwise been acquired by the Company;
      provided that such Securities so delivered or applied as a credit have not
      been
      previously so credited. Such Securities shall be received and credited for
      such
      purpose by the Trustee at the applicable Redemption Price specified in such
      Securities for redemption through operation of the sinking fund and the amount
      of such mandatory sinking fund payment shall be reduced
      accordingly.

     

    
      
        
        

      

      
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    Section
      1203. Redemption
      of Securities for Sinking Fund.

     

    Not
      less
      than 60 days prior to each sinking payment date for Securities of any series,
      the Company will deliver to the Trustee an Officers’ Certificate specifying the
      amount of the next ensuing mandatory sinking fund payment for that series
      pursuant to the terms of that series, the portion thereof, if any, which is
      to
      be satisfied by payment of cash in the currency or currencies, currency unit
      or
      units or composite currency or currencies in which the Securities of such series
      are payable (except as otherwise specified pursuant to Section 301 for the
      Securities of such series) and the portion thereof, if any, which is to be
      satisfied by delivering and crediting Securities of that series pursuant to
      Section 1202, and the optional amount, if any, to be added in cash to the next
      ensuing mandatory sinking fund payment, and will also deliver to the Trustee
      any
      Securities to be so delivered and credited. If such Officers’ Certificate shall
      specify an optional amount to be added in cash to the next ensuing mandatory
      sinking fund payment, the Company shall thereupon be obligated to pay the amount
      therein specified. Not less than 30 days before each such sinking fund payment
      date the Trustee shall select the Securities to be redeemed upon such sinking
      fund payment date in the manner specified in Section 1103 and cause notice
      of
      the redemption thereof to be given in the name of and at the expense of the
      Company in the manner provided in Section 1104. Such notice having been duly
      given, the redemption of such Securities shall be made upon the terms and in
      the
      manner stated in Sections 1106 and 1107.

     

    
      
        
        

      

      
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    ARTICLE
      THIRTEEN

    REPAYMENT
      AT THE OPTION OF HOLDERS

     

    Section
      1301. Applicability
      of Article.

     

    Repayment
      of Securities of any series before their Stated Maturity at the option of
      Holders thereof shall be made in accordance with the terms of such Securities,
      if any, and (except as otherwise specified by the terms of such series
      established pursuant to Section 301) in accordance with this
      Article.

     

    Section
      1302. Repayment
      of Securities.

     

    Securities
      of any series subject to repayment in whole or in part at the option of the
      Holders thereof will, unless otherwise provided in the terms of such Securities,
      be repaid at a price equal to the principal amount thereon, together with
      interest, if any, thereof accrued to the Repayment Date specified in or pursuant
      to the terms of such Securities. The Company covenants that on or before the
      Repayment Date it will deposit with the Trustee or with a Paying Agent (or,
      if
      the Company is acting as its own Paying Agent, segregate and hold in trust
      as
      provided in Section 1003) an amount of money in the currency or currencies,
      currency unit or units or composite currency or currencies in which the
      Securities of such series are payable (except as otherwise specified pursuant
      to
      Section 301 for the Securities of such series) sufficient to pay the principal
      (or, if so provided by the terms of the Securities of any series, a percentage
      of the principal) of, and (except if the Repayment Date shall be an Interest
      Payment Date) accrued interest on, all the Securities or portions thereof,
      as
      the case may be, to be repaid on such date.

     

    Section
      1303. Exercise
      of Option.

     

    Securities
      of any series subject to repayment at the option of the Holders thereof will
      contain an “Option to Elect Repayment” form on the reverse of such Securities.
      In order for any Security to be repaid at the option of the Holder, the Trustee
      must receive at the Place of Payment therefor specified in the terms of such
      Security (or at such other place or places of which the Company shall from
      time
      to time notify the Holders of such Securities) not earlier than 60 days nor
      later than 30 days prior to the Repayment Date (1) the Security so providing
      for
      such repayment together with the “Option to Elect Repayment” form on the reverse
      thereof duly completed by the Holder (or by the Holder’s attorney duly
      authorized in writing) or (2) a telegram, telex, facsimile transmission or
      a
      letter from a member of a national securities exchange, or the National
      Association of Securities Dealers, Inc. (“NASD”), or a commercial bank or trust
      company in the United States setting forth the name of the Holder of the
      Security, the principal amount of the Security, the principal amount of the
      Security to be repaid, the CUSIP number, if any, or a description of the tenor
      and terms of the Security, a statement that the option to elect repayment is
      being exercised thereby and a guarantee that the Security to be repaid, together
      with the duly completed form entitled “Option to Elect Repayment” on the reverse
      of the Security, will be received by the Trustee not later than the fifth
      Business Day after the date of such telegram, telex, facsimile transmission
      or
      letter; provided, however, that such telegram, telex, facsimile transmission
      or
      letter shall only be effective if such Security and form duly completed are
      received by the Trustee by such fifth Business Day. If less than the entire
      principal amount of such Security is to be repaid in accordance with the terms
      of such Security, the principal amount of such Security to be repaid, in
      increments of the minimum denomination for Securities of such series, and the
      denomination or denominations of the Security or Securities to be issued to
      the
      Holder for the portion of the principal amount of such Security surrendered
      that
      is not to be repaid, must be specified. The principal amount of any Security
      providing for repayment at the option of the Holder thereof may not be repaid
      in
      part if, following such repayment, the unpaid principal amount of such Security
      would be less than the minimum authorized denomination of Securities of or
      within the series of which such Security to be repaid is a part. Except as
      otherwise may be provided by the terms of any Security providing for repayment
      at the option of the Holder thereof, exercise of the repayment option by the
      Holder shall be irrevocable unless waived by the Trust.

     

    
      
        
        

      

      
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    Section
      1304. When
      Securities Presented for Repayment Become Due and Payable.

     

    If
      Securities of any series providing for repayment at the option of the Holders
      thereof shall have been surrendered as provided in this Article and as provided
      by or pursuant to the terms of such Securities, such Securities or the portions
      thereof, as the case may be, to be repaid shall become due and payable and
      shall
      be paid by the Company on the Repayment Date therein specified, and on and
      after
      such Repayment Date (unless the Company shall default in the payment of such
      Securities on such Repayment Date) such Securities shall, if the same were
      interest-bearing, cease to bear interest and the coupons for such interest
      appertaining to any Bearer Securities so to be repaid, except to the extent
      provided below, shall be void. Upon surrender of any such Security for repayment
      in accordance with such provisions, together with all coupons, if any,
      appertaining thereto maturing after the Repayment Date, the principal amount
      of
      such security so to be repaid shall be paid by the Company, together with
      accrued interest, if any, to the Repayment Date; provided, however, that coupons
      whose Stated Maturity is on or prior to the Repayment Date shall be payable
      only
      at an office or agency located outside the United States (except as otherwise
      provided in Section 1002) and, unless otherwise specified pursuant to Section
      301, only upon presentation and surrender of such coupons; and provided further
      that, in the case of Registered Securities, installments of interest, if any,
      whose Stated Maturity is on or prior to the Repayment Date shall be payable
      (but
      without interest thereon, unless the Company shall default in the payment
      thereof) to the Holders of such Securities, or one or more Predecessor
      Securities, registered as such at the close of business on the relevant Record
      Dates according to their terms and the provisions of Section 307.

     

    If
      any
      Bearer Security surrendered for repayment shall not be accompanied by all
      appurtenant coupons maturing after the Repayment Date, such Security may be
      paid
      after deducting from the amount payable therefor as provided in Section 1302
      an
      amount equal to the face amount of all such missing coupons, or the surrender
      of
      such missing coupon or coupons may be waived by the Company and the Trustee
      if
      there be furnished to them such security or indemnity as they may require to
      save each of them and any Paying Agent harmless. If thereafter the Holder of
      such Security shall surrender to the Trustee or any Paying Agent any such
      missing coupon in respect of which a deduction shall have been made as provided
      in the preceding sentence, such Holder shall be entitled to receive the amount
      so deducted; provided, however, that interest represented by coupons shall
      be
      payable only at an office or agency located outside the United States (except
      as
      otherwise provided in Section 1002) and, unless otherwise specified as
      contemplated by Section 301, only upon presentation and surrender of those
      coupons.

     

    
      
        
        

      

      
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    If
      the
      principal amount of any Security surrendered for repayment shall not be so
      repaid upon surrender thereof, such principal amount (together with interest,
      if
      any, thereon accrued to such Repayment Date) shall, until paid, bear interest
      from the Repayment Date at the rate of interest or Yield to Maturity (in the
      case of Original Issue Discount Securities) set forth in such
      Security.

     

    Section
      1305. Securities
      Repaid in Part.

     

    Upon
      surrender of any Registered Security which is to be repaid in part only, the
      Company shall execute and the Trustee shall authenticate and deliver to the
      Holder of such Security, without service charge and at the expense of the
      Company, a new Registered Security or Securities of the same series, of any
      authorized denomination specified by the Holder, in an aggregate principal
      amount equal to and in exchange for the portion of the principal of such
      Security so surrendered which is not to be repaid.

     

    
      
        
        

      

      
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    ARTICLE
      FOURTEEN

    DEFEASANCE
      AND COVENANT DEFEASANCE

     

    Section
      1401. Applicability
      of Article; Company’s Option to Effect Defeasance or Covenant
      Defeasance.

     

    If,
      pursuant to Section 301, provision is made for either or both of (a) defeasance
      of the Securities of or within a series under Section 1402 or (b) covenant
      defeasance of the Securities of or within a series under Section 1403 to be
      applicable to the Securities of any series, then the provisions of such Section
      or Sections, as the case may be, together with the other provisions of this
      Article (with such modifications thereto as may be specified pursuant to Section
      301 with respect to any Securities), shall be applicable to such Securities
      and
      any coupons appertaining thereto, and the Company may at its option by Board
      Resolution, at any time, with respect to such Securities and any coupons
      appertaining thereto, elect to defease such Outstanding Securities and any
      coupons appertaining thereto pursuant to Section 1402 (if applicable) or Section
      1403 (if applicable) upon compliance with the conditions set forth below in
      this
      Article.

     

    Section
      1402. Defeasance
      and Discharge.

     

    Upon
      the
      Company’s exercise of the above option applicable to this Section with respect
      to any Securities of or within a series, the Company shall be deemed to have
      been discharged from its obligations with respect to such Outstanding Securities
      and any coupons appertaining thereto on the date the conditions set forth in
      Section 1404 are satisfied (hereinafter, “defeasance”). For this purpose, such
      defeasance means that the Company shall be deemed to have paid and discharged
      the entire indebtedness represented by such Outstanding Securities and any
      coupons appertaining thereto, which shall thereafter be deemed to be
“Outstanding” only for the purposes of Section 1405 and the other Sections of
      this Indenture referred to in clauses (A) and (B) below, and to have satisfied
      all of its other obligations under such Securities and any coupons appertaining
      thereto and this Indenture insofar as such Securities and any coupons
      appertaining thereto are concerned (and the Trustee, at the expense of the
      Company, shall execute proper instruments acknowledging the same), except for
      the following which shall survive until otherwise terminated or discharged
      hereunder: (A) the rights of Holders of such Outstanding Securities and any
      coupons appertaining thereto to receive, solely from the trust fund described
      in
      Section 1404 and as more fully set forth in such Section, payments in respect
      of
      the principal of (and premium or Make-Whole Amount, if any) and interest, if
      any, on such Securities and any coupons appertaining thereto when such payments
      are due, (B) the Company’s obligations with respect to such Securities under
      Sections 305, 306, 1002 and 1003 and with respect to the payment of Additional
      Amounts, if any, on such Securities as contemplated by Section 1011, (C) the
      rights, powers, trusts, duties and immunities of the Trustee hereunder and
      (D)
      this Article. Subject to compliance with this Article Fourteen, the Company
      may
      exercise its option under this Section notwithstanding the prior exercise of
      its
      option under Section 1403 with respect to such Securities and any coupons
      appertaining thereto.

     

    
      
        
        

      

      
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    Section
      1403. Covenant
      Defeasance.

     

    Upon
      the
      Company’s exercise of the above option applicable to this Section with respect
      to any Securities of or within a series, the Company shall be released from
      its
      obligations under Sections 1004 to 1009, inclusive, and, if specified pursuant
      to Section 301, its obligations under any other covenant, with respect to such
      Outstanding Securities and any coupons appertaining thereto on and after the
      date the conditions set forth in Section 1404 are satisfied (hereinafter,
“covenant defeasance”), and such Securities and any coupons appertaining thereto
      shall thereafter be deemed to be not “Outstanding” for the purposes of any
      direction, waiver, consent or declaration or Act of Holders (and the
      consequences of any thereof) in connection with Sections 1004 to 1009,
      inclusive, or such other covenant, but shall continue to be deemed “Outstanding”
for all other purposes hereunder. For this purpose, such covenant defeasance
      means that, with respect to such Outstanding Securities and any coupons
      appertaining thereto, the Company may omit to comply with and shall have no
      liability in respect of any term, condition or limitation set forth in any
      such
      Section or such other covenant, whether directly or indirectly, by reason of
      any
      reference elsewhere herein to any such Section or such other covenant or by
      reason of reference in any such Section or such other 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 501(D) or 501(I)
      or
      otherwise, as the case may be, but, except as specified above, the remainder
      of
      this Indenture and such Securities and any coupons appertaining thereto shall
      be
      unaffected thereby.

     

    Section
      1404. Conditions
      to Defeasance or Covenant Defeasance.

     

    The
      following shall be the conditions to application of Section 1402 or Section
      1403
      to any Outstanding Securities of or within a series and any coupons appertaining
      thereto:

     

    (1) The
      Company shall irrevocably have deposited or caused to be deposited with the
      Trustee (or another trustee satisfying the requirements of Section 607 who
      shall
      agree to comply with the provisions of this Article Fourteen applicable to
      it)
      as trust funds in trust for the purpose of making the following payments,
      specifically pledged as security for, and dedicated solely to, the benefit
      of
      the Holders of such Securities and any coupons appertaining thereto, (1) an
      amount in such currency, currencies or currency unit in which such Securities
      and any coupons appertaining thereto are then specified as payable at Stated
      Maturity, or (2) Government Obligations applicable to such Securities and
      coupons appertaining thereto (determined on the basis of the currency,
      currencies or currency unit in which such Securities and coupons appertaining
      thereto are then specified as payable at Stated Maturity) which through the
      scheduled payment of principal and interest in respect thereof in accordance
      with their terms will provide, not later than one day before the due date of
      any
      payment of principal of (and premium or Make-Whole Amount, if any) and interest,
      if any, on such Securities and any coupons appertaining thereto, money in an
      amount, or (3) a combination thereof in an amount, sufficient, without
      consideration of any reinvestment of such principal and interest, in the opinion
      of a nationally recognized firm of independent public accountants expressed
      in a
      written certification thereof delivered to the Trustee, to pay and discharge,
      and which shall be applied by the Trustee (or other qualifying trustee) to
      pay
      and discharge, (i) the principal of (and premium or Make-Whole Amount, if any)
      and interest, if any, on such Outstanding Securities and any coupons
      appertaining thereto on the Stated Maturity of such principal or installment
      of
      principal or interest and (ii) any mandatory sinking fund payments or analogous
      payments applicable to such Outstanding Securities and any coupons appertaining
      thereto on the day on which such payments are due and payable in accordance
      with
      the terms of this Indenture and of such Securities and any coupons appertaining
      thereto; provided, that the Trustee shall have been irrevocably instructed
      to
      apply such money or the proceeds of such Government Obligations to said payments
      with respect to such Securities. Before such a deposit, the Company may give
      to
      the Trustee, in accordance with Section 1102 hereof, a notice of its election
      to
      redeem all or any portion of such Outstanding Securities at a future date in
      accordance with the terms of the Securities of such series and Article Eleven
      hereof, which notice shall be irrevocable. Such irrevocable redemption notice,
      if given, shall be given effect in applying the foregoing.

     

    
      
        
        

      

      
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    (2) Such
      defeasance or covenant defeasance shall not result in a breach or violation of,
      or constitute a default under, this Indenture or any other material agreement
      or
      instrument to which the Company is a party or by which it is bound (and shall
      not cause the Trustee to have a conflicting interest pursuant to Section 310(b)
      of the TIA with respect to any Security of the Company).

     

    (3) No
      Event
      of Default or event which with notice or lapse of time or both would become
      an
      Event of Default with respect to such Securities and any coupons appertaining
      thereto shall have occurred and be continuing on the date of such deposit or,
      insofar as Sections 501(7) and 501(8) are concerned, at any time during the
      period ending on the 91st day after the date of such deposit (it being
      understood that this condition shall not be deemed satisfied until the
      expiration of such period).

     

    (4) In
      the
      case of an election under Section 1402, the Company shall have delivered to
      the
      Trustee an Opinion of Counsel stating that (i) the Company has received from,
      or
      there has been published by, the Internal Revenue Service a ruling, or (ii)
      since the date of execution of this Indenture, there has been a change in the
      applicable Federal income tax law, in either case to the effect that, and based
      thereon uch opinion shall confirm that, the Holders of such Outstanding
      Securities and any coupons appertaining thereto will not recognize income,
      gain
      or loss for Federal income tax purposes as a result of such 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 defeasance had not
      occurred.

     

    (5) In
      the
      case of an election under Section 1403, the Company shall have delivered to
      the
      Trustee an Opinion of Counsel to the effect that the Holders of such Outstanding
      Securities and any coupons appertaining thereto 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.

     

    (6) The
      Company shall have delivered to the Trustee an Officers’ Certificate and an
      Opinion of Counsel, each stating that all conditions precedent to the defeasance
      under Section 1402 or the covenant defeasance under Section 1403 (as the case
      may be) have been complied with and an Opinion of Counsel to the effect that
      either (i) as a result of a deposit pursuant to subsection (A) above and the
      related exercise of the Company’s option under Section 1402 or Section 1403 (as
      the case may be) registration is not required under the Investment Company
      Act
      of 1940, as amended, by the Company, with respect to the trust funds
      representing such deposit or by the Trustee for such trust funds or (ii) all
      necessary registrations under said Act have been effected.

     

    
      
        
        

      

      
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    (7) After
      the
      91st day following the deposit, the trust funds will not be subject to the
      effect of any applicable bankruptcy, insolvency, reorganization or similar
      laws
      affecting creditors’ rights generally.

     

    (8) Notwithstanding
      any other provisions of this Section, such defeasance or covenant defeasance
      shall be effected in compliance with any additional or substitute terms,
      conditions or limitations which may be imposed on the Company in connection
      therewith pursuant to Section 301.

     

    Section
      1405. Deposited
      Money and Government Obligations to Be Held in Trust; Other Miscellaneous
      Provisions.

     

    Subject
      to the provisions of the last paragraph of Section 1003, all money and
      Government Obligations (or other property as may be provided pursuant to Section
      301) (including the proceeds thereof) deposited with the Trustee (or other
      qualifying trustee, collectively for purposes of this Section 1405, the
“Trustee”) pursuant to Section 1404 in respect of any Outstanding Securities of
      any series and any coupons appertaining thereto shall be held in trust and
      applied by the Trustee, in accordance with the provisions of such Securities
      and
      any coupons appertaining thereto and this Indenture, to the payment, either
      directly or through any Paying Agent (including the Company acting as its own
      Paying Agent) as the Trustee may determine, to the Holders of such Securities
      and any coupons appertaining thereto of all sums due and to become due thereon
      in respect of principal (and premium or Make-Whole Amount, if any) and interest
      and Additional Amounts, if any, but such money need not be segregated from
      other
      funds except to the extent required by law.

     

    Unless
      otherwise specified with respect to any Security pursuant to Section 301, if,
      after a deposit referred to in Section 1404(A) has been made, (a) the Holder
      of
      a Security in respect of which such deposit was made is entitled to, and does,
      elect pursuant to Section 301 or the terms of such Security to receive payment
      in a currency or currency unit other than that in which the deposit pursuant
      to
      Section 1404(A) has been made in respect of such Security, or (b) a Conversion
      Event occurs in respect of the currency or currency unit in which the deposit
      pursuant to Section 1404(A) has been made, the indebtedness represented by
      such
      Security and any coupons appertaining thereto shall be deemed to have been,
      and
      will be, fully discharged and satisfied through the payment of the principal
      of
      (and premium or Make-Whole Amount, if any), and interest, if any, on such
      Security as the same becomes due out of the proceeds yielded by converting
      (from
      time to time as specified below in the case of any such election) the amount
      or
      other property deposited in respect of such Security into the currency or
      currency unit in which such Security becomes payable as a result of such
      election or Conversion Event based on the applicable market exchange rate for
      such currency or currency unit in effect on the second Business Day prior to
      each payment date, except, with respect to a Conversion Event, for such currency
      or currency unit in effect (as nearly as feasible) at the time of the Conversion
      Event.

     

    
      
        
        

      

      
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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 Government Obligations deposited pursuant
      to
      Section 1404 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 such Outstanding Securities and any coupons appertaining
      thereto.

     

    Anything
      in this Article to the contrary notwithstanding, the Trustee shall deliver
      or
      pay to the Company from time to time upon Company Request any money or
      Government Obligations (or other property and any proceeds therefrom) held
      by it
      as provided in Section 1404 which, in the opinion of a nationally recognized
      firm of independent public accountants expressed in a written certification
      thereof delivered to the Trustee, are in excess of the amount thereof which
      would then be required to be deposited to effect a defeasance or covenant
      defeasance, as applicable, in accordance with this Article.

     

    
      
        
        

      

      
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    ARTICLE
      FIFTEEN

    MEETINGS
      OF HOLDERS OF SECURITIES

     

    Section
      1501. Purposes
      for Which Meetings May Be Called.

     

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

     

    Section
      1502. Call,
      Notice and Place of Meetings.

     

    (1) The
      Trustee may at any time call a meeting of Holders of Securities of any series
      for any purpose specified in Section 1501, to be held at such time and at such
      place in the Borough of Manhattan, The City of New York as the Trustee shall
      determine. Notice of every meeting of Holders of Securities of any series,
      setting forth the time and the place of such meeting and in general terms the
      action proposed to be taken at such meeting, shall be given, in the manner
      provided in Section 106, not less than 21 nor more than 180 days prior to the
      date fixed for the meeting.

     

    (2) In
      case
      at any time the Company, pursuant to a Board Resolution, or the Holders of
      at
      least 10% in principal amount of the Outstanding Securities of any series shall
      have requested the Trustee to call a meeting of the Holders of Securities of
      such series for any purpose specified in Section 1501, by written request
      setting forth in reasonable detail the action proposed to be taken at the
      meeting, and the Trustee shall not have made the first publication of the notice
      of such meeting within 21 days after receipt of such request or shall not
      thereafter proceed to cause the meeting to be held as provided herein, then
      the
      Company or the Holders of Securities of such series in the amount above
      specified, as the case may be, may determine the time and the place in the
      Borough of Manhattan, The City of New York, or in London for such meeting and
      may call such meeting for such purposes by giving notice thereof as provided
      in
      subsection (A) of this Section.

     

    Section
      1503. Persons
      Entitled to Vote at Meetings.

     

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

     

    
      
        
        

      

      
        83

        
          

        

      

      
        
        

      

    

    Section
      1504. Quorum;
      Action.

     

    The
      Persons entitled to vote a majority in principal amount of the Outstanding
      Securities of a series shall constitute a quorum for a meeting of Holders of
      Securities of such series; provided, however, that if any action is to be taken
      at such meeting with respect to a consent or waiver which this Indenture
      expressly provides may be given by the Holders of not less than a specified
      percentage in principal amount of the Outstanding Securities of a series, the
      Persons entitled to vote such specified percentage in principal amount of the
      Outstanding Securities of such series shall constitute a quorum. In the absence
      of a quorum within 30 minutes after the time appointed for any such meeting,
      the
      meeting shall, if convened at the request of Holders of Securities of such
      series, be dissolved. In any other case the meeting may be adjourned for a
      period of not less than 10 days as determined by the chairman of the meeting
      prior to the adjournment of such meeting. In the absence of a quorum at any
      such
      adjourned meeting, such adjourned meeting may be further adjourned for a period
      of not less than 10 days as determined by the chairman of the meeting prior
      to
      the adjournment of such adjourned meeting. Notice of the reconvening of any
      adjourned meeting shall be given as provided in Section 1502(A), except that
      such notice need be given only once not less than five days prior to the date
      on
      which the meeting is scheduled to be reconvened. Notice of the reconvening
      of
      any adjourned meeting shall state expressly the percentage, as provided above,
      of the principal amount of the Outstanding Securities of such series which
      shall
      constitute a quorum.

     

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

     

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

     

    Notwithstanding
      the foregoing provisions of this Section 1504, if any action is to be taken
      at a
      meeting of Holders of Securities of any series with respect to any request,
      demand, authorization, direction, notice, consent, waiver or other action that
      this Indenture expressly provides may be made, given or taken by the Holders
      of
      a specified percentage in principal amount of all Outstanding Securities
      affected thereby, or of the Holders of such series and one or more additional
      series;

     

    (1) there
      shall be no minimum quorum requirement for such meeting; and

     

    (2) the
      principal amount of the Outstanding Securities of such series that vote in
      favor
      of such request, demand, authorization, direction, notice, consent, waiver
      or
      other action shall be taken into account in determining whether such request,
      demand, authorization, direction, notice, consent, waiver or other action has
      been made, given or taken under this Indenture.

     

    
      
        
        

      

      
        84

        
          

        

      

      
        
        

      

    

    Section
      1505. Determination
      of Voting Rights; Conduct and Adjournment of Meetings.

     

    (1) Notwithstanding
      any provisions of this Indenture, the Trustee may make such reasonable
      regulations as it may deem advisable for any meeting of Holders of Securities
      of
      a series in regard to proof of the holding of Securities of such series and
      of
      the appointment of proxies and in regard to the appointment and duties of
      inspectors of votes, the submission and examination of proxies, certificates
      and
      other evidence of the right to vote, and such other matters concerning the
      conduct of the meeting as it shall deem appropriate. Except as otherwise
      permitted or required by any such regulations, the holding of Securities shall
      be proved in the manner specified in Section 104 and the appointment of any
      proxy shall be proved in the manner specified in Section 104 or by having the
      signature of the Person executing the proxy witnessed or guaranteed by any
      trust
      company, bank or banker authorized by Section 104 to certify to the holding
      of
      Bearer Securities. Such regulations may provide that written instruments
      appointing proxies, regular on their face, may be presumed valid and genuine
      without the proof specified in Section 104 or other proof.

     

    (2) (b)
      The
      Trustee shall, by an instrument in writing, appoint a temporary chairman of
      the
      meeting, unless the meeting shall have been called by the Company or by Holders
      of Securities as provided in Section 1502(B), in which case the Company or
      the
      Holders of Securities of or within the series calling the meeting, as the case
      may be, shall in like manner appoint a temporary chairman. A permanent chairman
      and a permanent secretary of the meeting shall be elected by vote of the Persons
      entitled to vote a majority in principal amount of the Outstanding Securities
      of
      such series represented at the meeting.

     

    (3) At
      any
      meeting each Holder of a Security of such series or proxy shall be entitled
      to
      one vote for each $1,000 principal amount of the Outstanding Securities of
      such
      series held or represented by him; provided, however, that no vote shall be
      cast
      or counted at any meeting in respect of any Security challenged as not
      Outstanding and ruled by the chairman of the meeting to be not Outstanding.
      The
      chairman of the meeting shall have no right to vote, except as a Holder of
      a
      Security of such series or proxy.

     

    (4) Any
      meeting of Holders of Securities of any series duly called pursuant to Section
      1502 at which a quorum is present may be adjourned from time to time by Persons
      entitled to vote a majority in principal amount of the Outstanding Securities
      of
      such series represented at the meeting, and the meeting may be held as so
      adjourned without further notice.

     

    
      
        
        

      

      
        85

        
          

        

      

      
        
        

      

    

    Section
      1506. Counting
      Votes and Recording Action of Meetings.

     

    The
      vote
      upon any resolution submitted to any meeting of Holders of Securities of any
      series shall be by written ballots on which shall be subscribed the signatures
      of the Holders of Securities of such series or of their representatives by
      proxy
      and the principal amounts and serial numbers of the Outstanding Securities
      of
      such series held or represented by them. The permanent chairman of the meeting
      shall appoint two inspectors of votes who shall count all votes cast at the
      meeting for or against any resolution and who shall make and file with the
      secretary of the meeting their verified written reports in duplicate of all
      votes cast at the meeting. A record, at least in duplicate, of the proceedings
      of each meeting of Holders of Securities of any series shall be prepared by
      the
      secretary of the meeting and there shall be attached to said record the original
      reports of the inspectors of votes on any vote by ballot taken thereat and
      affidavits by one or more persons having knowledge of the fact, setting forth
      a
      copy of the notice of the meeting and showing that said notice was given as
      provided in Section 1502 and, if applicable, Section 1504. Each copy shall
      be
      signed and verified by the affidavits of the permanent chairman and secretary
      of
      the meeting and one such copy shall be delivered to the Company and another
      to
      the Trustee to be preserved by the Trustee, the latter to have attached thereto
      the ballots voted at the meeting. Any record so signed and verified shall be
      conclusive evidence of the matters therein stated.

     

    Section
      1507. Evidence
      of Action Taken by Holders.

     

    Any
      request, demand, authorization, direction, notice, consent, waiver or other
      action provided by this Indenture to be given or taken by a specified percentage
      in principal amount of the Holders of any or all series may be embodied in
      and
      evidenced by one or more instruments of substantially similar tenor signed
      by
      such specified percentage of Holders in person or by agent duly appointed in
      writing; and, except as herein otherwise expressly provided, such action shall
      become effective when such instrument or instruments are delivered to the
      Trustee. Proof of execution of any instrument or of a writing appointing any
      such agent shall be sufficient for any purpose of this Indenture and (subject
      to
      Article Six) conclusive in favor of the Trustee and the Company, if made in
      the
      manner provided in this Article.

     

    Section
      1508. Proof
      of
      Execution of Instruments.

     

    Subject
      to Article Six, the execution of any instrument by a Holder or his agent or
      proxy may be proved in accordance with such reasonable rules and regulations
      as
      may be prescribed by the Trustee or in such manner as shall be satisfactory
      to
      the Trustee.

     

    *
      * * *
      *

     

    This
      Indenture may be executed in any number of counterparts, each of which so
      executed shall be deemed to be an original, but all such counterparts shall
      together constitute but one and the same Indenture.

     

    
      
        
        

      

      
        86

        
          

        

      

      
        
        

      

    

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

     

    
      	
              CAPLEASE,
                INC.

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 
	 	 
	
              ______________________________________,

            
	
              as
                Trustee

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

     

    
      
        
        

      

      
        87

        
          

        

      

      
        
        

      

    

    STATE
      OF
      NEW YORK

     

    CITY
      OF
      NEW YORK

     

    The
      foregoing instrument was acknowledged before me in the City of New York, State
      of New York, by _____________________, ______________________ of CapLease,
      Inc.,
      a Maryland corporation, on behalf of the corporation.

     

    My
      commission expires ________________________________________.

    

    Notary
      Public

     

    STATE
      OF
      _________________________________

     

    CITY/COUNTY
      OF ___________________________

     

    The
      foregoing instrument was acknowledged before me in the City/County of
      _____________________________, State of _______________________, by
      _________________________, ______________________________________________ of
      _______________________, a ___________________ corporation, on behalf of the
      corporation.

     

    My
      commission expires ________________________________________.

     

    

    Notary
      Public

     

    
      
        
        

      

      
        88

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

     

    FORMS
      OF CERTIFICATION

     

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-1

     

    FORM
      OF CERTIFICATE TO BE GIVEN BY PERSON ENTITLED

    TO
      RECEIVE BEARER SECURITY OR TO OBTAIN INTEREST

    PAYABLE
      PRIOR TO THE EXCHANGE DATE

     

    CERTIFICATE

     

    [Insert
      title or sufficient description of Securities to be
      delivered]

     

    This
      is
      to certify that, as of the date hereof, and except as set forth below, the
      above-captioned Securities held by you for our account (i) are owned by
      person(s) that are not citizens or residents of the United States, domestic
      partnerships, domestic corporations or any estate or trust the income of which
      is subject to United States federal income taxation regardless of its source
      (“United States person(s)”), (ii) are owned by United States person(s) that are
      (a) foreign branches of United States financial institutions (financial
      institutions, as defined in United States Treasury Regulations Section
      1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing
      for their own account or for resale, or (b) United States person(s) who acquired
      the Securities through foreign branches of United States financial institutions
      and who hold the Securities through such United States financial institutions
      on
      the date hereof (and in either case (a) or (b), each such United States
      financial institution hereby agrees, on its own behalf or through its agent,
      that you may advise Property Company of America or its agent that such financial
      institution will provide a certificate within a reasonable time stating that
      it
      agrees to comply with the requirements of Section 165(j)(3)(A), (B) or (C)
      of
      the United States Internal Revenue Code of 1986, as amended, and the regulations
      thereunder), or (iii) are owned by a financial institution for purposes of
      resale during the restricted period (as defined in United States Treasury
      Regulations Section 1.163-5(c)(2)(i)(D)(7)), and, such financial institution
      described in clause (iii) above (whether or not also described in clause (i)
      or
      (ii)), certifies that it has not acquired the Securities for purposes of resale
      directly or indirectly to a United States person or to a person within the
      United States or its possessions.

     

    As
      used
      herein, “United States” means the United States of America (including the States
      and the District of Columbia); and its “possessions” include Puerto Rico, the
      U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana
      Islands.We undertake to advise you promptly by tested telex on or prior to
      the
      date on which you intend to submit your certification relating to the
      above-captioned Securities held by you for our account in accordance with your
      Operating Procedures if any applicable statement herein is not correct on such
      date, and in the absence of any such notification it may be assumed that this
      certification applies as of such date.

     

    This
      certificate excepts and does not related to [U.S.$] ______________ of such
      interest in the above-captioned Securities in respect of which we are not able
      to certify and as to which we understand an exchange for an interest in a
      Permanent Global Security or an exchange for and delivery of definitive
      Securities (or, if relevant, collection of any interest) cannot be made until
      we
      do so certify.

     

    
      
        
        

      

      
        A-1
          (1)

        
          

        

      

      
        
        

      

    

    We
      understand that this certificate may be required in connection with certain
      tax
      legislation in the United States. If administrative or legal proceedings are
      commenced or threatened in connection with which this certificate is or would
      be
      relevant, we irrevocably authorize you to produce this certificate or a copy
      thereof to any interested party in such proceedings.

     

    Dated:
      __________________, 20__

     

    
      	
              [To
                be dated no earlier than the 15th day prior

              to
                the earlier of (i) the Exchange Date or

              (ii)
                the relevant Interest Payment Date occurring

              prior
                to the Exchange Date, as applicable]

            	 	 
	 	 	 
	 	
              [Name
                of Person Making

            	 
	 	
              Certification]

            	 
	 	
               

            	 
	 	
              (Authorized
                Signator)

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

    

     

    
      
        
        

      

      
        A-1
          (2)

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A-2

     

    FORM
      OF CERTIFICATE TO BE GIVEN BY EUROCLEAR

    AND
      CEDEL S.A. IN CONNECTION WITH THE EXCHANGE OF

    A
      PORTION OF A TEMPORARY GLOBAL SECURITY OR TO

    OBTAIN
      INTEREST PAYABLE PRIOR TO THE EXCHANGE DATE

     

    CERTIFICATE

     

    [Insert
      title or sufficient description of Securities to be
      delivered]

     

    This
      is
      to certify that, based solely on written certifications that we have received
      in
      writing, by tested telex or by electronic transmission from each of the persons
      appearing in our records as persons entitled to a portion of the principal
      amount set forth below (our “Member Organizations”) substantially in the form
      attached hereto, as of the date hereof, [U.S.$] ______________ principal amount
      of the above-captioned Securities (i) is owned by person(s) that are not
      citizens or residents of the United States, domestic partnerships, domestic
      corporations or any estate or trust the income of which is subject to United
      States Federal income taxation regardless of its source (“United States
      person(s)”), (ii) is owned by United States person(s) that are (a) foreign
      branches of United States financial institutions (financial institutions, as
      defined in United States Treasury Regulations Section 1.165-12(c)(1)(v) are
      herein referred to as “financial institutions”) purchasing for their own account
      or for resale, or (b) United States person(s) who acquired the Securities
      through foreign branches of United States financial institutions and who hold
      the Securities through such United States financial institutions on the date
      hereof (and in either case (a) or (b), each such financial institution has
      agreed, on its own behalf or through its agent, that we may advise Property
      Trust of America or its agent that such financial institution will provide
      a
      certificate within a reasonable time stating that it agrees to comply with
      the
      requirements of Section 165(j)(3)(A), (B), or (C) of the Internal Revenue Code
      of 1986, as amended, and the regulations thereunder), or (iii) is owned by
      a
      financial institution for purposes of resale during the restricted period (as
      defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)),
      and that such financial institutions described in clause (iii) above (whether
      or
      not also described in clause (i) or (ii)) have certified that they have not
      acquired the Securities for purposes of resale directly or indirectly to a
      United States person or to a person within the United States or its
      possessions.

     

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

     

    We
      further certify that (i) we are not making available herewith for exchange
      (or,
      if relevant, collection of any interest) any portion of the temporary global
      Security representing the above-captioned Securities excepted in the
      above-referenced certificates of Member Organizations and (ii) as of the date
      hereof we have not received any notification from any of our Member
      Organizations to the effect that the statements made by such Member
      Organizations with respect to any portion of the part submitted herewith for
      exchange (or, if relevant, collection of any interest) are no longer true and
      cannot be relied upon as of the date hereof.

     

    
      
        
        

      

      
        A-2
          (1)

        
          

        

      

      
        
        

      

    

    We
      understand that this certification is required in connection with certain tax
      legislation in the United States. If administrative or legal proceedings are
      commenced or threatened in connection with which this certificate is or would
      be
      relevant, we irrevocably authorize you to produce this certificate or a copy
      thereof to any interested party in such proceedings.

     

    Dated:
      __________________, 20__

     

    
      	
              [To
                be dated no earlier than the earlier of 

              the
                Exchange Date or the relevant Interest 

              Payment
                Date occurring prior to the Exchange 

              Date,
                as applicable]

            	 
	 	 
	 	
              [Morgan
                Guaranty Trust Company of New York, 

              Brussels
                Office,] as Operator of the Euroclear 

              System
                [Cedel S.A.]

            
	 	 
	 	
              By:

            

    

    

    
      
        
        

      

      
        A-2
          (2)

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