Document:

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                                                                     EXHIBIT 4-9

                            DEBT WARRANT AGREEMENT

                          dated as of _______________

                                      for

                     WARRANTS TO PURCHASE DEBT SECURITIES

                                    between

                         NORTHROP GRUMMAN CORPORATION

                                      and

                         (NAME OF DEBT WARRANT AGENT),
                             as Debt Warrant Agent

                     ALTERNATIVES REPRESENTED BY BRACKETED
                 OR BLANK SECTIONS HEREIN SHALL BE DETERMINED
                 IN CONFORMITY WITH THE APPLICABLE PROSPECTUS
                           SUPPLEMENT OR SUPPLEMENTS
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                               TABLE OF CONTENTS
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Article 1. Issuance Of Debt Warrants And Execution And Delivery Of Debt Warrant
Certificates .............................................................................................       1
  1.1    Issuance Of Debt Warrants........................................................................       1
  1.2    Form Of Execution Of Debt Warrant Certificates...................................................       2
  1.3    Issuance And Delivery Of Debt Warrant Certificates...............................................       3
  1.4    Temporary Debt Warrant Certificates..............................................................       4
  1.5    Payment Of Taxes.................................................................................       4
  1.6    "Holder".........................................................................................       4
Article 2. Duration And Exercise Of Debt Warrants.........................................................       5
  2.1    Duration Of Debt Warrants........................................................................       5
  2.2    Exercise Of Debt Warrants........................................................................       5
Article 3. Other Provisions Relating To Rights Of Holders Of Debt Warrants................................       7
  3.1    No Rights As Holder Of Underlying Debt Security
         Conferred By Debt Warrants Or Debt Warrant Certificates..........................................       7
  3.2    Lost, Stolen, Destroyed Or Mutilated Debt Warrant Certificates...................................       7
  3.3    Holder Of Debt Warrants May Enforce Rights.......................................................       7
Article 4. Exchange And Transfer Of Debt Warrants.........................................................       8
  4.1    [Debt Warrant Register;] Exchange And Transfer Of Debt Warrants..................................       8
  4.2    Treatment Of Holders Of Debt Warrants............................................................       9
  4.3    Cancellation Of Debt Warrant Certificates........................................................       9
Article 5. Concerning The Debt Warrant Agent..............................................................       9
  5.1    Debt Warrant Agent...............................................................................       9
  5.2    Conditions Of Debt Warrant Agent's Obligations...................................................      10
  5.3    Resignation And Removal; Appointment Of Successor................................................      12
  5.4    Office...........................................................................................      14
Article 6. Miscellaneous..................................................................................      14
  6.1    Consolidation Or Merger Of The Company And
         Conveyance Or Transfer Permitted Subject To Certain Conditions...................................      14
  6.2    Rights And Duties Of Successor Corporation.......................................................      15
  6.3    Supplements And Amendments.......................................................................      15
  6.4    Notices And Demands To The Company And Debt Warrant Agent........................................      16
  6.5    Addresses For Notices............................................................................      16
  6.6    Governing Law....................................................................................      16
  6.7    Delivery Of Prospectus...........................................................................      16
  6.8    Governmental Approvals...........................................................................      16
  6.9    Persons Having Rights Under Debt Warrant Agreement...............................................      17
  6.10   Headings.........................................................................................      17
  6.11   Counterparts.....................................................................................      17
  6.12   Inspection Of Agreement..........................................................................      17
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          THIS DEBT WARRANT AGREEMENT, dated as of _____________, between
Northrop Grumman Corporation, a Delaware corporation (the "Company"), and
_________________, a _________________ organized and existing under the laws of
__________________, warrant agent (the "Debt Warrant Agent").

          WHEREAS, the Company has entered into an Indenture dated as of
____________________, _____ (the "Indenture") with ________________________,
trustee (the "Trustee"), providing for the issuance by the Company from time to
time, in one or more series, of debt securities evidencing its unsecured,
[senior] [subordinated] indebtedness (such debt securities being referred to as
the "Debt Securities"); and

          WHEREAS, the Company proposes to issue warrants (the "Debt Warrants")
representing the right to purchase Debt Securities of one or more series (the
"Underlying Debt Securities"); and

          WHEREAS, the Company has duly authorized the execution and delivery of
this Debt Warrant Agreement to provide for the issuance of Debt Warrants to be
exercisable at such times and for such prices, and to have such other
provisions, as shall be fixed as hereinafter provided.

          NOW, THEREFORE, in consideration of the premises and the mutual
agreements herein contained, the parties hereto agree as follows:

                                  ARTICLE 1.

             ISSUANCE OF DEBT WARRANTS AND EXECUTION AND DELIVERY
                         OF DEBT WARRANT CERTIFICATES

          1.1  ISSUANCE OF DEBT WARRANTS. Debt Warrants may be issued from time
to time, together with or separately from any Securities (the "Offered Debt
Securities"). Prior to the issuance of any Debt Warrants, there shall be
established by or pursuant to a resolution or resolutions duly adopted by the
Company's Board of Directors or by any committee thereof duly authorized to act
with respect thereto (a "Board Resolution"):

               (a)  the title and aggregate number of such Debt Warrants;

               (b)  whether such Debt Warrants are to be issued with any Offered
     Debt Securities and, if so, the title, aggregate principal amount and terms
     of any such Offered Debt Securities; the number of Debt Warrants to be
     issued with each $1,000 principal amount of such Offered Debt Securities
     (or such other principal amount of such Offered Debt Securities as is
     provided for in the Board Resolution); and the date, if any, on and after
     which such Debt

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     Warrants and such Offered Debt Securities will be separately transferable
     (the "Detachable Date");

               (c)  the title, aggregate principal amount, ranking and terms
     [(including the subordination and conversion provisions)] of the Underlying
     Debt Securities that may be purchased upon exercise of such Debt Warrants;

               (d)  he time or times at which, or period or periods during
     which, such Debt Warrants may be exercised and the final date on which such
     Debt Warrants may be exercised (the "Expiration Date");

               (e)  the principal amount of Underlying Debt Securities that may
     be purchased upon exercise of each Debt Warrant and the price, or the
     manner of determining the price (the "Debt Warrant Price"), at which such
     principal amount may be purchased upon such exercise;

               (f)  the currency or currencies, including composite currencies
     or currency units, in which the price of such Debt Warrants, the principal
     of or any premium or interest on the Debt Securities purchasable upon the
     exercise of such Debt Warrants and the exercise price of such Debt
     Warrants, will be payable.

               (g)  the terms of any right to redeem such Debt Warrants; and

               (h)  any other terms of such Debt Warrants not inconsistent with
     the provisions of this Agreement.

          1.2  FORM OF EXECUTION OF DEBT WARRANT CERTIFICATES.

               (a)  The Debt Warrants shall be evidenced by warrant certificates
     (the "Debt Warrant Certificates"), which may be in registered or bearer
     form and otherwise shall be substantially in such form or forms as shall be
     established by or pursuant to a Board Resolution. Each Debt Warrant
     Certificate, whenever issued, shall be dated the date it is countersigned
     by the Debt Warrant Agent and may have such letters, numbers or other
     identifying marks and such legends or endorsements printed, lithographed or
     engraved thereon as are not inconsistent with the provisions of this
     Agreement, or as may be required to comply with any applicable law, rule or
     regulation or with any rule or regulation of any securities exchange on
     which the Debt Warrants may be listed, or to conform to usage, as the
     officer of the Company executing the same may approve (such officer's
     execution thereof to be conclusive evidence of such approval). Each Debt
     Warrant Certificate shall evidence one or more Debt Warrants.

                                      -2-
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               (b)  The Debt Warrant Certificates shall be signed in the name
     and on behalf of the Company by its Chairman, its President or a Vice
     President (any reference to a Vice President of the Company herein shall be
     deemed to include any Vice President of the Company whether or not
     designated by a number or a word or words added before or after the title
     "Vice President") under its corporate seal, and attested by its Secretary
     or an Assistant Secretary. Such signatures may be manual or facsimile
     signatures of the present or any future holder of any such office and may
     be imprinted or otherwise reproduced on the Debt Warrant Certificates. The
     seal of the Company may be in the form of a facsimile thereof and may be
     impressed, affixed, imprinted or otherwise reproduced on the Debt Warrant
     Certificates.

               (c)  No Debt Warrant Certificate shall be valid for any purpose,
     and no Debt Warrant evidenced thereby shall be deemed issued or
     exercisable, until such Debt Warrant Certificate has been countersigned by
     the manual or facsimile signature of the Debt Warrant Agent. Such signature
     by the Debt Warrant Agent upon any Debt Warrant Certificate executed by the
     Company shall be conclusive evidence that the Debt Warrant Certificate so
     countersigned has been duly issued hereunder.

               (d)  In case any officer of the Company who shall have signed any
     Debt Warrant Certificate either manually or by facsimile signature shall
     cease to be such officer before the Debt Warrant Certificate so signed
     shall have been countersigned and delivered by the Debt Warrant Agent, such
     Debt Warrant Certificate nevertheless may be countersigned and delivered as
     though the person who signed such Debt Warrant Certificate had not ceased
     to be such officer of the Company; and any Debt Warrant Certificate may be
     signed on behalf of the Company by such person as, at the actual date of
     the execution of such Debt Warrant Certificate, shall be the proper officer
     of the Company, although at the date of the execution of this Agreement
     such person was not such an officer.

          1.3  ISSUANCE AND DELIVERY OF DEBT WARRANT CERTIFICATES. At any time
and from time to time after the execution and delivery of this Agreement, the
Company may deliver Debt Warrant Certificates executed by the Company to the
Debt Warrant Agent for countersignature. Except as provided in the following
sentence, the Debt Warrant Agent shall thereupon countersign and deliver such
Debt Warrant Certificates to or upon the written request of the Company.

Subsequent to the original issuance of a Debt Warrant Certificate evidencing
Debt Warrants, the Debt Warrant Agent shall countersign a new Debt Warrant
Certificate evidencing such Debt Warrants only if such Debt Warrant Certificate
is issued in exchange or substitution for one or more previously countersigned
Debt Warrant

                                      -3-
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Certificates evidencing such Debt Warrants or in connection with their transfer,
as hereinafter provided.

          1.4  TEMPORARY DEBT WARRANT CERTIFICATES. Pending the preparation of
definitive Debt Warrant Certificates, the Company may execute, and upon the
order of the Company the Debt Warrant Agent shall countersign and deliver,
temporary Debt Warrant Certificates that are printed, lithographed, typewritten,
mimeographed or otherwise produced, substantially of the tenor of the definitive
Debt Warrant Certificates in lieu of which they are issued and with such
appropriate insertions, omissions, substitutions and other variations as the
officer executing such Debt Warrant Certificates may determine, as evidenced by
such officer's execution of such Debt Warrant Certificates.

          If temporary Debt Warrant Certificates are issued, the Company will
cause definitive Debt Warrant Certificates to be prepared without unreasonable
delay. After the preparation of definitive Debt Warrant Certificates, the
temporary Debt Warrant Certificates shall be exchangeable for definitive Debt
Warrant Certificates upon surrender of the temporary Debt Warrant Certificates
at the corporate trust office of the Debt Warrant Agent [or _____], without
charge to the Holder, as defined in Section 1.6 hereof. Upon surrender for
cancellation of any one or more temporary Debt Warrant Certificates, the Company
shall execute, and the Debt Warrant Agent shall countersign and deliver in
exchange therefor, definitive Debt Warrant Certificates representing the same
aggregate number of Debt Warrants. Until such exchanges, the temporary Debt
Warrant Certificates shall in all respects be entitled to the same benefits
under this Agreement as definitive Debt Warrant Certificates.

          1.5  PAYMENT OF TAXES. The Company will pay all stamp and other
duties, if any, to which this Agreement or the original issuance of the Debt
Warrants or Debt Warrant Certificates may be subject under the laws of the
United States of America or any state or locality.

          1.6  "HOLDER". The term "Holder" or "Holders," as used herein with
reference to a Debt Warrant Certificate, shall mean [if registered Debt
Warrants--the person or persons in whose name such Debt Warrant Certificate
shall then be registered as set forth in the Debt Warrant Register to be
maintained by the Debt Warrant Agent pursuant to Section 4.1 for that purpose
[if bearer Debt Warrants -- the bearer of such Debt Warrant Certificate] or, in
the case of Debt Warrants that are issued with Offered Debt Securities and
cannot then be transferred separately therefrom, [if registered Offered Debt
Securities and Debt Warrants that are not then detachable -- the person or
persons in whose name the related Offered Debt Securities shall be registered as
set forth in the security register to be maintained by the Trustee for such
Offered Debt Securities pursuant to the Indenture] [if bearer Offered Debt
Securities and Debt Warrants that are not then detachable -- the bearer of the
related Offered Debt Security], prior to the Detachable Date. [If registered
Offered Debt

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Securities and Debt Warrants that are not then detachable -- the Company will,
or will cause the security registrar of any such Offered Debt Securities to,
make available to the Debt Warrant Agent at all times (including on and after
the Detachable Date, in the case of Debt Warrants originally issued with Offered
Debt Securities and not subsequently transferred separately therefrom) such
information as to holders of Offered Debt Securities with Debt Warrants as may
be necessary to keep the Warrant Register up to date.]

                                  ARTICLE 2.

                    DURATION AND EXERCISE OF DEBT WARRANTS

          2.1  DURATION OF DEBT WARRANTS. Each Debt Warrant may be exercise at
the time or times, or during the period or periods, provided by or pursuant to
the Board Resolution relating thereto and specified in the Debt Warrant
Certificate evidencing such Debt Warrant. Each Debt Warrant not exercised at or
before 5:00 P.M., New York City time, on its Expiration Date shall become void,
and all rights of the Holder of such Debt Warrant thereunder and under this
Agreement shall cease.

          2.2  EXERCISE OF DEBT WARRANTS.

               (a)  The Holder of a Debt Warrant shall have the right, at its
     option, to exercise such Debt Warrant and, subject to subsection (f) of
     this Section 2.2, purchase the principal amount of Underlying Debt
     Securities provided for therein at the time or times or during the period
     or periods referred to in Section 2.1 and specified in the Debt Warrant
     Certificate evidencing such Debt Warrant. Except as may be provided in a
     Debt Warrant Certificate, a Debt Warrant may be exercised by completing the
     form of election to purchase set forth on the reverse side of the Debt
     Warrant Certificate, by duly executing and delivering the same, together
     with payment in full of the Debt Warrant Price in lawful money of the
     [United States of America,] in cash or by certified or official bank check
     or by bank wire transfer, to the Debt Warrant Agent. Except as may be
     provided in a Debt Warrant Certificate, the date on which such Debt Warrant
     Certificate and payment are received by the Debt Warrant Agent as aforesaid
     shall be deemed to be the date on which the Debt Warrant is exercised and
     the Underlying Debt Securities issued.

               (b)  Upon the exercise of a Debt Warrant, the Company shall
     issue, pursuant to the Indenture, in authorized denominations to or upon
     the order of the Holder of such Debt Warrant, the Underlying Debt
     Securities to which such Holder is entitled, in the form required under
     such Indenture, registered, in the case of Underlying Debt Securities in
     registered form, in such name or names as may be directed by such Holder.

                                      -5-
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               (c)  If fewer than all of the Debt Warrants evidenced by a Debt
     Warrant Certificate are exercised, the Company shall execute, and an
     authorized officer of the Debt Warrant Agent shall countersign and deliver,
     a new Debt Warrant Certificate evidencing the number of Debt Warrants
     remaining unexercised.

               (d)  The Debt Warrant Agent shall deposit all funds received by
     it in payment of the Debt Warrant Price in the account of the Company
     maintained with it for such purpose and shall advise the Company by
     telephone by 5:00 P.M., New York City time, of each day on which a payment
     of the Debt Warrant Price for Debt Warrants is received of the amount so
     deposited in its account. The Debt Warrant Agent shall promptly confirm
     such telephone advice in writing to the Company.

               (e)  The Debt Warrant Agent shall, from time to time, as promptly
     as practicable, advise the Company and the Trustee of (i) the number of
     Debt Warrants of each title exercised as provided herein, (ii) the
     instructions of each Holder with respect to delivery of the Underlying debt
     Securities to which such Holder is entitled upon such exercise, (iii) the
     delivery of Debt Warrant Certificates evidencing the balance, if any, of
     the Debt Warrants remaining unexercised after such exercise, and (iv) such
     other information as the Company or the Trustee shall reasonably require.
     Such notice may be given by telephone, to be promptly confirmed in writing.

               (f)  The Holder, and not the Company, shall be required to pay
     any stamp or other tax or other governmental charge that may be imposed in
     connection with any transfer involved in the issuance of the Underlying
     Debt Securities; and in the event that any such transfer is involved, the
     Company shall not be required to issue any Underlying Debt Securities (and
     the Holder's purchase of the Underlying Debt Securities upon the exercise
     of such Holder's Debt Warrant shall not be deemed to have been consummated)
     until such tax or other charge shall have been paid or it has been
     established to the Company's satisfaction that no such tax or other charge
     is due.

                                  ARTICLE 3.

                OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS
                               OF DEBT WARRANTS

          3.1  NO RIGHTS AS HOLDER OF UNDERLYING DEBT SECURITY CONFERRED BY DEBT
WARRANTS OR DEBT WARRANT CERTIFICATES. No Debt Warrant or Debt Warrant
Certificate shall entitle the Holder to any of the rights of a holder of
Underlying Debt Securities, including, without limitation, the right to receive
the payment of principal of (or premium, if any,

                                      -6-
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on) or interest, if any, on Underlying Debt Securities or to enforce any of the
covenants in the Indenture.

          3.2  LOST, STOLEN, DESTROYED OR MUTILATED DEBT WARRANT CERTIFICATES.
Upon receipt by the Company and the Debt Warrant Agent of evidence reasonably
satisfactory to them of the ownership of and the loss, theft, destruction or
mutilation of any Debt Warrant Certificate and of indemnity (other than in
connection with any mutilated Debt Warrant certificates surrendered to the Debt
Warrant Agent for cancellation) reasonably satisfactory to them, the Company
shall execute, and the Debt Warrant Agent shall countersign and deliver, in
exchange for or in lieu of each lost, stolen, destroyed or mutilated Debt
Warrant Certificate, a new Debt Warrant Certificate evidencing a like number of
Debt Warrants of the same title. Upon the issuance of a new Debt Warrant
Certificate under this Section, the Company may require the payment of a sum
sufficient to cover any stamp or other tax or other governmental charge that may
be imposed in connection therewith and any other expenses (including the fees
and expenses of the Debt Warrant Agent) in connection therewith. Every
substitute Debt Warrant Certificate executed and delivered pursuant to this
Section in lieu of any lost, stolen or destroyed Debt Warrant Certificate shall
represent a contractual obligation of the Company, whether or not such lost,
stolen or destroyed Debt Warrant Certificate shall be at any time enforceable by
anyone, and shall be entitled to the benefits of this Agreement equally and
proportionately with any and all other Debt Warrant Certificates, duly executed
and delivered hereunder, evidencing Debt Warrants of the same title. The
provisions of this Section are exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement of lost,
stolen, destroyed or mutilated Debt Warrant Certificates.

          3.3  HOLDER OF DEBT WARRANTS MAY ENFORCE RIGHTS. Notwithstanding any
of the provisions of this Agreement, a Holder, without the consent of the Debt
Warrant Agent, the Trustee, the holder of any Underlying Debt Securities or the
Holder of any other Debt Warrant, may, on its own behalf and for its own
benefit, enforce, and may institute and maintain any suit, action or proceeding
against the Company to enforce, or otherwise in respect of, its right to
exercise its Debt Warrant or Debt Warrants in the manner provided in this
Agreement and its Debt Warrant Certificate.

                                  ARTICLE 4.

                    EXCHANGE AND TRANSFER OF DEBT WARRANTS

          4.1  [DEBT WARRANT REGISTER;] EXCHANGE AND TRANSFER OF DEBT WARRANTS.
[If registered Debt Warrants -- The Debt Warrant Agent shall maintain, at its
corporate trust office [or at _________________], a register (the "Debt Warrant
Register") in which, upon the issuance of Debt Warrants,

                                      -7-
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or on and after the Detachable Date in the case of Debt Warrants not separately
transferable prior thereto, and, subject to such reasonable regulations as the
Debt Warrant Agent may prescribe, it shall register Debt Warrant Certificates
and exchanges and transfers thereof. The Debt Warrant Register shall be in
written form or in any other form capable of being converted into written form
within a reasonable time.]

          Except as provided in the following sentence, upon surrender at the
corporate trust office of the Debt Warrant Agent [or at ____________________],
Debt Warrant Certificates may be exchanged for one or more other Debt Warrant
Certificates evidencing the same aggregate number of Debt Warrants of the same
title, or may be transferred in whole or in part. A Debt Warrant Certificate
evidencing Debt Warrants that are not then transferable separately from the
Offered Debt Security with which they were issued may be exchanged or
transferred prior to its Detachable Date only together with such Offered Debt
Security and only for the purpose of effecting, or in conjunction with, an
exchange or transfer of such Offered Debt Security; and on or prior to the
Detachable Date, [if registered Offered Debt Securities and Debt Warrants --each
exchange or transfer of such Offered Debt Security on the security register of
the Offered Debt Securities shall operate also to exchange or transfer the
related Debt Warrants] [if bearer Offered Debt Securities and Debt Warrants --an
exchange or transfer of possession of the related Offered Debt Security shall
operate also to exchange or transfer the related Debt Warrants]. [If registered
Debt Warrants -- A transfer shall be registered upon surrender of a Debt Warrant
Certificate to the Debt Warrant Agent at its corporate trust office [or at
________________] for transfer, properly endorsed or accompanied by appropriate
instruments of transfer and written instructions for transfer, all in form
satisfactory to the Company and the Debt Warrant Agent.] Whenever a Debt Warrant
Certificate is surrendered for exchange or transfer, the Debt Warrant Agent
shall countersign and deliver to the person or persons entitled thereto one or
more Debt Warrant Certificates duly executed by the Company, as so requested.
The Debt Warrant Agent shall not be required to effect any exchange or transfer
which will result in the issuance of a Debt Warrant Certificate evidencing a
fraction of a Debt Warrant. All Debt Warrant Certificates issued upon any
exchange or transfer of a Debt Warrant Certificate shall be the valid
obligations of the Company, evidencing the same obligations, and entitled to the
same benefits under this Agreement, as the Debt Warrant Certificate surrendered
for such exchange or transfer.

          No service charge shall be made for any exchange or transfer of Debt
Warrants, 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 such
exchange or transfer, in accordance with Section 2.2(f) hereof.

          4.2  TREATMENT OF HOLDERS OF DEBT WARRANTS.  Every Holder of a Debt
Warrant, by accepting the Debt Warrant Certificate evidencing the

                                      -8-
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same, consents and agrees with the Company, the Debt Warrant Agent and with
every other Holder of Debt Warrants of the same title that the Company and the
Debt Warrant Agent may treat the Holder of a Debt Warrant Certificate (or, if
the Debt Warrant Certificate is not then detachable, the Holder of the related
Offered Debt Security) as the absolute owner of such Debt Warrant for all
purposes and as the person entitled to exercise the rights represented by such
Debt Warrant, any notice to the contrary notwithstanding.

          4.3  CANCELLATION OF DEBT WARRANT CERTIFICATES. In the event that the
Company shall purchase, redeem or otherwise acquire any Debt Warrants after the
issuance thereof, the Debt Warrant Certificate or Certificates evidencing such
Debt Warrants shall thereupon be delivered to the Debt Warrant Agent and be
canceled by it. The Debt Warrant Agent shall also cancel any Debt Warrant
Certificate (including any mutilated Debt Warrant Certificate) delivered to it
for exercise, in whole or in part, or for exchange [or transfer] [if Debt
Warrant Certificates are issued in bearer form -- , except that Debt Warrant
Certificates delivered to the Debt Warrant Agent in exchange for Debt Warrant
Certificates of other denominations may be retained by the Debt Warrant Agent
for reissue]. Debt Warrant Certificates so canceled shall be delivered by the
Debt Warrant Agent to the Company from time to time, or disposed of in
accordance with the instructions of the Company.

                                  ARTICLE 5.

                       CONCERNING THE DEBT WARRANT AGENT

          5.1  DEBT WARRANT AGENT. The Company hereby appoints
_________________________________ as Debt Warrant Agent of the Company in
respect of the Debt Warrants and the Debt Warrant Certificates upon the terms
and subject to the conditions set forth herein; and ____________________ hereby
accepts such appointment. The Debt Warrant Agent shall have the powers and
authority granted to and conferred upon it hereby and such further powers and
authority to act on behalf of the Company as the Company may hereafter grant to
or confer upon it. All of the terms and provisions with respect to such powers
and authority contained in any Debt Warrant Certificate are subject to and
governed by the terms and provisions hereof.

          5.2  CONDITIONS OF DEBT WARRANT AGENT'S OBLIGATIONS. The Debt Warrant
Agent accepts its obligations set forth herein upon the terms and conditions
hereof, including the following, to all of which the Company agrees and to all
of which the rights hereunder of the Holders shall be subject:

                                      -9-
<PAGE>

               (a)  COMPENSATION AND INDEMNIFICATION. The Company agrees to
     promptly pay the Debt Warrant Agent the compensation to be set forth as an
     exhibit hereto and to reimburse the Debt Warrant Agent for reasonable out-
     of-pocket expenses (including counsel fees) incurred by the Debt Warrant
     Agent in connection with the services rendered hereunder by the Debt
     Warrant Agent. The Company also agrees to indemnify the Debt Warrant Agent
     for, and to hold it harmless against, any loss, liability or expense
     (including the reasonable costs and expenses of defending against any claim
     of liability) incurred without negligence or bad faith on the part of the
     Debt Warrant Agent arising out of or in connection with its appointment as
     Debt Warrant Agent hereunder.

               (b)  AGENT FOR THE COMPANY. In acting under this Agreement and in
     connection with any Debt Warrant Certificate, the Debt Warrant Agent is
     acting solely as agent of the Company and does not assume any obligation or
     relationship of agency or trust for or with any Holder.

               (c)  COUNSEL. The Debt Warrant Agent may consult with counsel
     satisfactory to it, and the advice of such 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 accordance with
     the advice of such counsel.

               (d)  DOCUMENTS. The Debt Warrant Agent shall be protected and
     shall incur no liability for or in respect of any action taken, suffered or
     omitted by it in reliance upon any notice, direction, consent, certificate,
     affidavit, statement or other paper or document reasonably believed by it
     to be genuine and to have been presented or signed by the proper parties.

               (e)  OFFICER'S CERTIFICATE. Whenever in the performance of its
     duties hereunder the Debt Warrant Agent shall reasonably deem it necessary
     that any fact or matter be proved or established by the Company prior to
     taking, suffering or omitting any action hereunder, the Debt Warrant Agent
     may (unless other evidence in respect thereof be herein specifically
     prescribed), in the absence of bad faith on its party, rely upon a
     certificate signed by the Chairman, the President, a Vice President, the
     Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary
     of the Company (an "Officer's Certificate") delivered by the Company to the
     Debt Warrant Agent.

               (f)  ACTIONS THROUGH AGENTS. The Debt Warrant Agent may execute
     and exercise any of the rights or powers hereby vested in it or perform any
     duty hereunder either itself or by or through its attorneys or agents, and
     the Debt Warrant Agent shall not be answerable or accountable for

                                     -10-
<PAGE>

     any act, default, neglect or misconduct of any such attorney or agent or
     for any loss to the Company resulting from such neglect or misconduct;
     provided, however, that reasonable care shall have been exercised in the
     selection and continued employment of such attorneys and agents.

               (g)  CERTAIN TRANSACTIONS. The Debt Warrant Agent, and any
     officer, director or employee thereof, may become the owner of, or acquire
     any interest in, any Debt Warrant, with the same rights that he, she or it
     would have if it were not the Debt Warrant Agent, and, to the extent
     permitted by applicable law, he, she or it may engage or be interested in
     any financial or other transaction with the Company and may serve on, or as
     depositary, trustee or agent for, any committee or body of holders of
     Underlying Debt Securities or other obligations of the Company as if it
     were not the Debt Warrant Agent. Nothing in this Agreement shall be deemed
     to prevent the Debt Warrant Agent from acting as Trustee under the
     Indenture.

               (h)  NO LIABILITY FOR INTEREST. The Debt Warrant Agent shall not
     be liable for interest on any monies at any time received by it pursuant to
     any of the provisions of this Agreement or of the Debt Warrant
     Certificates, except as otherwise agreed with the Company.

               (i)  NO LIABILITY FOR INVALIDITY.  The Debt Warrant Agent shall
     incur no liability with respect to the validity of this Agreement (except
     as to the due execution hereof by the Debt Warrant Agent) or any Debt
     Warrant Certificate (except as to the countersignature thereof by the Debt
     Warrant Agent).

               (j)  NO RESPONSIBILITY FOR COMPANY REPRESENTATIONS. The Debt
     Warrant Agent shall not be responsible for any of the recitals or
     representations contained herein (except as to such statements or recitals
     as describe the Debt Warrant Agent or action taken or to be taken by it) or
     in any Debt Warrant Certificate (except as to the Debt Warrant Agent's
     countersignature on such Debt Warrant Certificate), all of which recitals
     and representations are made solely by the Company.

               (k)  NO IMPLIED OBLIGATIONS. The Debt Warrant Agent shall be
     obligated to perform only such duties as are specifically set forth herein,
     and no other duties or obligations shall be implied. The Debt Warrant Agent
     shall not be under any obligation to take any action hereunder that may
     subject it to any expense or liability, the payment of which within a
     reasonable time is not, in its reasonable opinion, assured to it. The Debt
     Warrant Agent shall not be accountable or under any duty or responsibility
     for the use by the Company of any Debt Warrant Certificate countersigned by
     the Debt Warrant Agent and delivered by it to the Company pursuant to this
     Agreement or for the

                                     -11-
<PAGE>

     application by the Company of the proceeds of the issuance or exercise of
     Debt Warrants. The Debt Warrant Agent shall have no duty or responsibility
     in case of any default by the Company in the performance of its covenants
     or agreements contained herein or in any Debt Warrant Certificate or in
     case of the receipt of any written demand from a Holder with respect to
     such default, including, without limiting the generality of the foregoing,
     any duty or responsibility to initiate or attempt to initiate any
     proceedings at law or otherwise or, except as provided in Section 6.4
     hereof, to make any demand upon the Company.

               (l)  COMPLIANCE WITH APPLICABLE LAWS. The Debt Warrant Agent
     agrees to comply with all applicable federal and state laws imposing
     obligations on it in respect of the services rendered by it under this Debt
     Warrant Agreement and in connection with the Debt Warrants, including (but
     not limited to) the provisions of United States federal income tax laws
     regarding information reporting and backup withholding. The Debt Warrant
     Agent expressly assumes all liability for its failure to comply with any
     such laws imposing obligations on it, including (but not limited to) any
     liability for failure to comply with any applicable provisions of United
     States federal income tax laws regarding information reporting and backup
     withholding.

          5.3  RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.

               (a) The Debt Warrant Agent may at any time resign as such by
     giving written notice to the Company, specifying the date on which such
     resignation shall become effective; provided that such date shall not be
     less than 90 days after the date on which such notice is given, unless the
     Company agrees to accept a shorter notice. The Debt Warrant Agent may be
     removed at any time by the filing with it of an instrument in writing
     signed on behalf of the Company and specifying such removal and the date
     when it shall become effective. Notwithstanding the two preceding
     sentences, such resignation or removal shall take effect only upon the
     appointment by the Company, as hereinafter provided, of a successor Debt
     Warrant Agent (which shall be a bank or trust company organized and doing
     business under the laws of the United States of America, any state thereof
     or the District of Columbia, authorized under the laws of such jurisdiction
     to exercise corporate trust powers and having at the time of its
     appointment as Debt Warrant Agent a combined capital and surplus (as set
     forth in its most recent published report of condition) of at least
     $50,000,000 and the acceptance of such appointment by such successor Debt
     Warrant Agent.

               (b) In case at any time the Debt Warrant Agent shall resign, or
     shall be removed, or shall become incapable of acting, or shall be adjudged
     a

                                     -12-
<PAGE>

     bankrupt or insolvent, or shall file a petition seeking relief under Title
     11 of the United States Code, as now constituted or hereafter amended, or
     under any other applicable federal or state bankruptcy law or similar law,
     or make an assignment for the benefit of its creditors, or consent to the
     appointment of a receiver or custodian for all or any substantial part of
     its property, or shall admit in writing its inability to pay or meet its
     debts as they mature, or if a receiver or custodian for it or for all or
     any substantial part of its property shall be appointed, or if an order of
     any court shall be entered for relief against it under the provisions of
     Title 11 of the United States Code, as now constituted or hereafter
     amended, or under any other applicable federal or state bankruptcy or
     similar law, or if any public officer shall have taken charge or control of
     the Debt Warrant Agent or of its property or affairs for the purpose of
     rehabilitation, conservation or liquidation, a successor Debt Warrant
     Agent, qualified as aforesaid, shall be appointed by the Company by an
     instrument in writing, filed with the successor Debt Warrant Agent. Upon
     the appointment as aforesaid of a successor Debt Warrant Agent and
     acceptance by the successor Debt Warrant Agent of such appointment, the
     Debt Warrant Agent so superseded shall cease to be Debt Warrant Agent
     hereunder.

               (c) Any successor Debt Warrant Agent appointed hereunder shall
     execute, acknowledge and deliver to its predecessor and to the Company an
     instrument accepting such appointment hereunder, and thereupon such
     successor Debt Warrant Agent, without any further act, deed or conveyance,
     shall become vested with all the authority, rights, powers, trusts,
     immunities, duties and obligations of such predecessor with like effect as
     if originally named as Debt Warrant Agent hereunder, and such predecessor,
     upon payment of its charges and disbursements then unpaid, shall thereupon
     become obligated to transfer, deliver and pay over, and such successor Debt
     Warrant Agent shall be entitled to receive, [the Debt Warrant Register and]
     all monies, securities and other property on deposit with or held by such
     predecessor (together with any books and records relating thereto), as Debt
     Warrant Agent hereunder.

               (d) The Company shall cause notice of the appointment of any
     successor Debt Warrant Agent to be [if registered Debt Warrants -- mailed
     by first-class mail, postage prepaid, to each Holder at its address
     appearing on the Debt Warrant Register or, in the case of Debt Warrants
     that are issued with Offered Debt Securities and cannot then be transferred
     separately therefrom, on the security register for the Offered Securities]
     [if bearer Debt Warrants -- published in an Authorized Newspaper (as
     defined in the Indenture) in The City of New York [and in such other city
     or cities as may be specified by the Company] at least twice within any
     seven-day period]. Such notice shall set forth the name and address of the
     successor Debt Warrant Agent. Failure to give any notice provided for in
     this Section 5.3(d), or any defect therein, shall

                                     -13-
<PAGE>

     not, however, affect the legality or validity of the appointment of the
     successor Debt Warrant Agent.

               (e) Any corporation into which the Debt Warrant Agent may be
     merged or converted, or any corporation with which the Debt Warrant Agent
     may be consolidated, or any corporation resulting from any merger,
     conversion or consolidation to which the Debt Warrant Agent shall be a
     party, or any corporation to which the Debt Warrant Agent shall sell or
     otherwise transfer all or substantially all of its assets and business,
     shall be the successor Debt Warrant Agent under this Agreement without the
     execution or filing of any paper, the giving of any notice to Holders or
     any further act on the part of the parties hereto, provided that such
     corporation be qualified as aforesaid.

          5.4  OFFICE. The Company will maintain an office or agency where Debt
Warrant Certificates may be presented for exchange[, transfer] or exercise.  The
office initially designated for this purpose shall be the corporate trust office
of the Debt Warrant Agent at ____________________________.

                                   ARTICLE 6.

                                 MISCELLANEOUS

          6.1  CONSOLIDATION OR MERGER OF THE COMPANY AND CONVEYANCE OR TRANSFER
PERMITTED SUBJECT TO CERTAIN CONDITIONS. To the extent permitted in the
Indenture, the Company may consolidate with or merge into another corporation or
other entity, or convey or transfer all or substantially all of its properties
and assets to any other corporation or other entity .

          6.2  RIGHTS AND DUTIES OF SUCCESSOR CORPORATION. In case of any such
consolidation, merger, conveyance or transfer and upon any assumption of the
duties and obligations of the Company by the successor corporation, such
successor corporation shall succeed to and be substituted for the Company, with
the same effect as if it had been named herein, and the Company shall be
relieved of any further obligation under this Agreement and the Debt Warrants.
Such successor corporation 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
Underlying Debt Securities issuable pursuant to the terms hereof.  All the
Underlying Debt Securities so issued shall in all respects have the same legal
rank and benefit under the Indenture as the Underlying Debt Securities
theretofore or thereafter issued in accordance with the terms of this Agreement
and the Indenture.  In case of any such consolidation, merger, conveyance or
transfer, such changes in phraseology and form (but not in substance) may be
made in the Underlying Debt Securities thereafter to be issued as may be
appropriate.

                                     -14-
<PAGE>

          6.3  SUPPLEMENTS AND AMENDMENTS.

               (a)  The Company and the Debt Warrant Agent from time to time may
     supplement or amend this Agreement without the approval of any Holder in
     order to cure any ambiguity, to correct or supplement any provision
     contained herein that may be defective or inconsistent with any other
     provision herein, or to make any other provision in regard to matters or
     questions arising hereunder that the Company and the Debt Warrant Agent may
     deem necessary or desirable and that shall not adversely affect the
     interests of the Holders. Every Holder of Debt Warrants, whether issued
     before or after any such supplement or amendment, shall be bound thereby.
     Promptly after the effectiveness of any supplement or amendment that
     affects the interests of the Holders, the Company shall give notice
     thereof, as provided in Section 5.3(d) hereof, to the Holders affected
     thereby, setting forth, in general terms, the substance of such supplement
     or amendment.

               (b)  The Company and the Debt Warrant Agent may modify or amend
     this Agreement and the Debt Warrant Certificates with the consent of the
     Holders of not fewer than a majority in number of the then outstanding
     unexercised Debt Warrants affected by such modification or amendment, for
     any purpose; provided, however, that no such modification or amendment that
     shortens the period of time during which the Debt Warrants may be
     exercised, or otherwise materially and adversely affects the exercise
     rights of the Holders or reduces the percentage of Holders of outstanding
     Debt Warrants the consent of which is required for modification or
     amendment of this Agreement or the Debt Warrants, may be made without the
     consent of each Holder affected thereby.

          6.4  NOTICES AND DEMANDS TO THE COMPANY AND DEBT WARRANT AGENT. If
the Debt Warrant Agent shall receive any notice or demand addressed to the
Company by a Holder pursuant to the provisions of this Agreement or a Debt
Warrant Certificate (other than notices relating to the exchange[, transfer] or
exercise of Debt Warrants), the Debt Warrant Agent shall promptly forward such
notice or demand to the Company.

          6.5  ADDRESSES FOR NOTICES.  Any communications from the Company to
the Debt Warrant Agent with respect to this Agreement shall be directed to
_______________, Attention: ________________, and any communications from the
Debt Warrant Agent to the Company with respect to this Agreement shall be
directed to Northrop Grumman Corporation, 1840 Century Park East, Los Angeles,
California 90067, Attention:  ____________, with a copy to the Secretary (or
such other address as shall be specified in writing by the Debt Warrant Agent or
by the Company).

                                     -15-
<PAGE>

          6.6  GOVERNING LAW. This Agreement and the Debt Warrants shall be
governed by and construed in accordance with the laws of the State of New York
applicable to contracts made and to be performed entirely within such state.

          6.7  DELIVERY OF PROSPECTUS. The Company will furnish to the Debt
Warrant Agent sufficient copies of a prospectus or prospectuses relating to the
Underlying Debt Securities deliverable upon exercise of any outstanding Debt
Warrants (each a "Prospectus"), and the Debt Warrant Agent agrees to deliver to
the Holder of a Debt Warrant, prior to or concurrently with the Delivery of the
Underlying Debt Securities issued upon the exercise thereof, a copy of the
Prospectus relating to such Underlying Debt Securities.

          6.8  GOVERNMENTAL APPROVALS. The Company will take such action as may
be necessary to obtain and keep effective any and all permits, consents and
approvals of governmental agencies and authorities, and will make all filings
under federal and state securities laws (including, without limitations, the
maintenance of the effectiveness of a registration statement in respect of the
Underlying Debt Securities under the Securities Act of 1933), as may be or
become requisite in connection with the issuance, sale, transfer and delivery of
Debt Warrants and Debt Warrant Certificates, the exercise of Debt Warrants and
the issuance, sale and delivery of Underlying Debt Securities issued upon
exercise of Debt Warrants.

          6.9  PERSONS HAVING RIGHTS UNDER DEBT WARRANT AGREEMENT. Nothing in
this Agreement, expressed or implied, and nothing that may be inferred from any
of the provisions hereof, is intended or shall be construed to confer upon or
give to any person or corporation other than the Company, the Debt Warrant Agent
and the Holders any right, remedy or claim under or by reason of this Agreement
or any covenant, condition, stipulation, promise or agreement herein; and all
covenants, conditions, stipulations, promises and agreements herein shall be for
the sole and exclusive benefit of the Company, the Debt Warrant Agent and their
respective successors and the Holders.

          6.10 HEADINGS. The descriptive headings of the several Articles and
Sections of this Agreement are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.

          6.11 COUNTERPARTS. This Agreement may be executed in one or more
counterparts and, when a counterpart has been executed by each party hereto, all
such counterparts taken together shall constitute one and the same agreement.

          6.12 INSPECTION OF AGREEMENT. A copy of this Agreement shall be
available during business hours at the office of the Debt Warrant Agent for
inspection by any Holder.  The Debt Warrant Agent may require such Holder to
submit its Debt Warrant Certificate for inspection prior to making such copy
available.

                                     -16-
<PAGE>

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

                                                NORTHROP GRUMMAN CORPORATION

                                                By ____________________________

                                                _______________________________
                                                [Printed Name and Title]

Attest:

Name:______________________

Title:_______________________

                                                _______________________________
                                                [Name of Debt Warrant Agent]

                                                By _____________________________

                                                   _____________________________
                                                      Printed Name and Title]

Attest:

Name:______________________

Title:_______________________

                                     -17-<PAGE>

                                                                    Exhibit 4.10

                           EQUITY WARRANT AGREEMENT

                       dated as of ______________, ____

                                      FOR

                             WARRANTS TO PURCHASE

        [UP TO _________ SHARES OF COMMON STOCK AND/OR PREFERRED STOCK]

                          EXPIRING ____________, ____

                                    between

                         NORTHROP GRUMMAN CORPORATION

                                      and

                      (NAME OF EQUITY WARRANT AGENT), as
                             Equity Warrant Agent

    ALTERNATIVES REPRESENTED BY BRACKETED OR BLANK SECTIONS HEREIN SHALL BE
     DETERMINED IN CONFORMITY WITH THE APPLICABLE PROSPECTUS SUPPLEMENT OR
                                  SUPPLEMENTS
<PAGE>

                               TABLE OF CONTENTS
                               -----------------
<TABLE>
<CAPTION>
                                                                                                                             Page
                                                                                                                             ----
<S>         <C>                                                                                                             <C>
ARTICLE 1.  Issuance of Equity Warrants and Execution and Delivery of Equity Warrant Certificates........................      1
     1.1    Issuance of Equity Warrants..................................................................................      1
     1.2    Form and Execution of Equity Warrant Certificates............................................................      2
     1.3    Issuance and Delivery of Equity Warrant Certificates.........................................................      3
     1.4    Temporary Equity Warrant Certificates........................................................................      4
     1.5    Payment of Taxes.............................................................................................      4
     1.6    "Holder".....................................................................................................      4
ARTICLE 2.  Duration and Exercise of Equity Warrants.....................................................................      5
     2.1    Duration of Equity Warrants..................................................................................      5
     2.2    Exercise of Equity Warrants..................................................................................      5
     2.3    Equity Warrant Adjustments...................................................................................      6
ARTICLE 3.  Other Provisions Relating to Rights of Holders of Equity Warrants............................................      7
     3.1    No Rights as Holder of Equity Securities Conferred by Equity
            Warrants or Equity Warrant Certificates......................................................................      7
     3.2    Lost, Stolen, Destroyed or Mutilated Equity Warrant Certificates.............................................      7
     3.3    Holders of Equity Warrants May Enforce Rights................................................................      8
     3.4    Merger, Consolidation, Sale, Transfer or Conveyance..........................................................      8
     3.5    Treatment of Holders of Equity Warrant Certificates..........................................................      9
ARTICLE 4.  Exchange and Transfer of Equity Warrants.....................................................................      9
     4.1    Equity Warrant Register, Exchange and Transfer of Equity Warrants............................................      9
     4.2    Treatment of Holders of Equity Warrants......................................................................     10
     4.3    Cancellation of Equity Warrant Certificates..................................................................     11
ARTICLE 5.  Concerning the Equity Warrant Agent..........................................................................     11
     5.1    Equity Warrant Agent.........................................................................................     11
     5.2    Conditions of Equity Warrant Agent's Obligations.............................................................     11
     5.3    Compliance with Applicable Laws..............................................................................     13
     5.4    Resignation and Appointment of Successor.....................................................................     14
ARTICLE 6.  Miscellaneous................................................................................................     15
     6.1    Amendment....................................................................................................     15
     6.2    Notices and Demands to the Company and Equity Warrant Agent..................................................     16
     6.3    Addresses for Notices........................................................................................     16
     6.4    Governing Law................................................................................................     16
     6.5    Governmental Approvals.......................................................................................     16
     6.6    Persons Having Rights Under Equity Warrant Agreement.........................................................     17
     6.7    Delivery of Prospectus.......................................................................................     17
     6.8    Headings.....................................................................................................     17
     6.9    Counterparts.................................................................................................     17
     6.10   Inspection of Agreement......................................................................................     17
</TABLE>

                                      -i-
<PAGE>

          THIS EQUITY WARRANT AGREEMENT, dated as of ___________________,
between Northrop Grumman Corporation, a Delaware corporation (the "Company"),
and ____________________, a ________________ organized and existing under the
laws of ______________________, as warrant agent (the "Equity Warrant Agent").

          WHEREAS, the Company proposes to sell [title of preferred stock,
common stock or other securities being offered (the "Offered Securities") with]
certificates evidencing one or more warrants (the "Equity Warrants" or,
individually, an "Equity Warrant") representing the right to purchase shares of
the common stock, par value $1.00 per share, of the Company (the "Common Stock")
and/or preferred stock, par value $1.00 per share, of the Company (the
"Preferred Stock"), such warrant certificates and other warrant certificates
issued pursuant to this Agreement being herein called the "Equity Warrant
Certificates"; the Common Stock and the Preferred Stock being referred to
herein, individually or together, as the "Equity Securities", and

          WHEREAS, the Company has duly authorized the execution and delivery of
this Equity Warrant Agreement to provide for the issuance of Equity Warrants to
be exercisable at such times and for such prices, and to have such other
provisions, as shall be fixed as hereinafter provided.

          NOW, THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:

                                  ARTICLE 1.

                 ISSUANCE OF EQUITY WARRANTS AND EXECUTION AND
                    DELIVERY OF EQUITY WARRANT CERTIFICATES

          1.1  ISSUANCE OF EQUITY WARRANTS. Equity Warrants may be issued from
time to time, together with or separately from Offered Securities. Prior to the
issuance of any Equity Warrants, there shall be established by or pursuant to a
resolution or resolutions duly adopted by the Company's Board of Directors or by
any committee thereof duly authorized to act with respect thereto (a "Board
Resolution"):

               (a) The title and aggregate number of such Equity Warrants.

               (b) The offering price of such Equity Warrant.

               (c) The number of shares of Equity Securities that may be
     purchased upon exercise of such Equity Warrants; the price, or the manner
     of determining the price (the "Equity Warrant Price") at which such shares
     of Equity Securities may be purchased upon exercise of the Equity Warrants;
     and any minimum number of such Equity Warrants that are exercisable at any
     one time.

                                      -1-
<PAGE>

               (d) The currency or currencies, including composite currencies or
     currency units, in which the price of such Equity Warrants may be payable.

               (e) The time or times at which, or period or periods during
     which, such Equity Warrants may be exercised and the final date on which
     such Equity Warrants may be exercised (the "Expiration Date").

               (f) The terms of any right to redeem such Equity Warrants.

               (g) Whether such Equity Warrants are to be issued with any
     Offered Securities and, if so, the number and terms of any such Offered
     Securities and the number of Equity Warrants to be issued with each Offered
     Security.

               (h) The date, if any, on and after which the Equity Warrants and
     the Offered Securities will be separately transferable (the "Detachable
     Date").

               (i) The terms of any right of the Company to accelerate the
     Equity Warrants upon the occurrence of certain events.

               (j) Any other terms of such Equity Warrants not inconsistent with
     the provisions of this Agreement.

          1.2  FORM AND EXECUTION OF EQUITY WARRANT CERTIFICATES.

               (a) The Equity Warrants shall be evidenced by warrant
     certificates (the "Equity Warrant Certificates"), which shall be in
     registered form and substantially in such form or forms as shall be
     established by or pursuant to a Board Resolution.  Each Equity Warrant
     Certificate, whenever issued, shall be dated the date it is countersigned
     by the Equity Warrant Agent and may have such letters, numbers or other
     marks of identification and such legends or endorsements printed,
     lithographed or engraved thereon as are not inconsistent with the
     provisions of this Agreement, 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 securities exchange on which the Equity Warrants may be
     listed, or to conform to usage, as the officer of the Company executing the
     same may approve (his execution thereof to be conclusive evidence or such
     approval).  Each Equity Warrant Certificate shall evidence one or more
     Equity Warrants.

               (b) The Equity Warrant Certificates shall be signed in the name
     and on behalf of the Company by its Chairman, its President or a Vice
     President (any reference to a Vice President of the Company herein shall be
     deemed to include any Vice President of the Company whether or not

                                      -2-
<PAGE>

     designated by a number or a word or words added before or after the title
     "Vice President") under its corporate seal, and attested by its Secretary
     or an Assistant Secretary. Such signatures may be manual or facsimile
     signatures of the present or any future holder of any such office and may
     be imprinted or otherwise reproduced on the Equity Warrant Certificates.
     The seal of the Company may be in the form of a facsimile thereof and may
     be impressed, affixed, imprinted or otherwise reproduced on the Equity
     Warrant Certificates.

               (c) No Equity Warrant Certificate shall be valid for any purpose,
     and no Equity Warrant evidenced thereby shall be deemed issued or
     exercisable, until such Equity Warrant Certificate has been countersigned
     by the manual or facsimile signature of the Equity Warrant Agent.  Such
     signature by the Equity Warrant Agent upon any Equity Warrant Certificate
     executed by the Company shall be conclusive evidence that the Equity
     Warrant Certificate so countersigned has been duly issued hereunder.

               (d) In case any officer of the Company who shall have signed any
     Equity Warrant Certificate either manually or by facsimile signature shall
     cease to be such officer before the Equity Warrant Certificate so signed
     shall have been countersigned and delivered by the Equity Warrant Agent,
     such Equity Warrant Certificate nevertheless may be countersigned and
     delivered as though the person who signed such Equity Warrant Certificate
     had not ceased to be such officer of the Company; and any Equity Warrant
     Certificate may be signed on behalf of the Company by such person as, at
     the actual date of the execution of such Equity Warrant Certificate, shall
     be the proper officer of the Company, although at the date of the execution
     of this Agreement such person was not such an officer.

          1.3  ISSUANCE AND DELIVERY OF EQUITY WARRANT CERTIFICATES. At any time
and from time to time after the execution and delivery of this Agreement, the
Company may deliver Equity Warrant Certificates executed by the Company to the
Equity Warrant Agent for countersignature. Except as provided in the following
sentence, the Equity Warrant Agent shall thereupon countersign and deliver such
Equity Warrant Certificates to or upon the written request of the Company.
Subsequent to the original issuance of an Equity Warrant Certificate evidencing
Equity Warrants, the Equity Warrant Agent shall countersign a new Equity Warrant
Certificate evidencing such Equity Warrants only if such Equity Warrant
Certificate is issued in exchange or substitution for one or more previously
countersigned Equity Warrant Certificates evidencing such Equity Warrants or in
connection with their transfer, as hereinafter provided.

          1.4  TEMPORARY EQUITY WARRANT CERTIFICATES. Pending the preparation of
definitive Equity Warrant Certificate, the Company may execute, and upon the
order of the Company the Equity Warrant Agent shall countersign and deliver,
temporary Equity Warrant Certificates that are printed,

                                      -3-
<PAGE>

lithographed, typewritten, mimeographed or otherwise produced, substantially of
the tenor of the definitive Equity Warrant Certificates in lieu of which they
are issued and with such appropriate insertions, omissions, substitutions and
other variations as the officer executing such Equity Warrant Certificates may
determine, as evidenced by his execution of such Equity Warrant Certificates.

          If temporary Equity Warrant Certificates are issued, the Company will
cause definitive Equity Warrant Certificates to be prepared without unreasonable
delay. After the preparation of definitive Equity Warrant Certificates, the
temporary Equity Warrant Certificates shall be exchangeable for definitive
Equity Warrant Certificates upon surrender of the temporary Equity Warrant
Certificates at the corporate trust office of the Equity Warrant Agent [or],
without charge to the Holder, as defined in Section 1.6 hereof. Upon surrender
for cancellation of any one or more temporary Equity Warrant Certificates, the
Company shall execute and the Equity Warrant Agent shall countersign and deliver
in exchange therefor definitive Equity Warrant Certificates representing the
same aggregate number of Equity Warrants. Until so exchanged, the temporary
Equity Warrant Certificates shall in all respects be entitled to the same
benefits under this Agreement as definitive Equity Warrant Certificates.

          1.5  PAYMENT OF TAXES. The Company will pay all stamp and other
duties, if any, to which this Agreement or the original issuance of the Equity
Warrants or Equity Warrant Certificates may be subject under the laws of the
United States of America or any state or locality.

          1.6  "HOLDER". The term "Holder" or "Holders" as used herein with
reference to an Equity Warrant certificate shall mean the person or persons in
whose name such Equity Warrant Certificate shall then be registered as set forth
in the Equity Warrant Register to be maintained by the Equity Warrant Agent
pursuant to Section 4.1 for that purpose or, in the case of Equity Warrants that
are issued with Offered Securities and cannot then be transferred separately
therefrom, [IF REGISTERED OFFERED SECURITIES AND EQUITY WARRANTS THAT ARE NOT
THEN DETACHABLE -- the person or persons in whose name the related Offered
Securities shall be registered as set forth in the security register for such
Offered Securities, prior to the Detachable Date.] [IF REGISTERED OFFERED
SECURITIES AND EQUITY WARRANTS THAT ARE NOT THEN DETACHABLE -- the Company will,
or will cause the security registrar of any such Offered Securities to, make
available to the Equity Warrant Agent at all times (including on and after the
Detachable Date, in the case of Equity Warrants originally issued with Offered
Securities and not subsequently transferred separately therefrom] such
information as to holders of Offered Securities with Equity Warrants as may be
necessary to keep the Warrant Register up to date.]

                                      -4-
<PAGE>

                                  ARTICLE 2.

                   DURATION AND EXERCISE OF EQUITY WARRANTS

          2.1  DURATION OF EQUITY WARRANTS. Each Equity Warrant may be exercised
at the time or times, or during the period or periods, provided by or pursuant
to the Board Resolution relating thereto and specified in the Equity Warrant
Certificate evidencing such Equity Warrant. Each Equity Warrant not exercised at
or before 5:00 P.M., New York City time, on its Expiration Date shall become
void, and all rights of the Holder of such Equity Warrant thereunder and under
this Agreement shall cease, provided that the Company reserves the right to, and
may, in its sole discretion, at any time and from time to time, at such time or
times as the Company so determines, extend the expiration date of the Equity
Warrants for such periods of time as it chooses; further provided that in no
case may the expiration date of the Equity Warrants (as extended) be extended
beyond five years from the expiration date set forth above. Whenever the
expiration date of the Equity Warrants is so extended, the Company shall at
least 20 days prior to the then expiration date cause to be mailed to the Equity
Warrant Agent and the registered Holders of the Equity Warrants in accordance
with the provisions of Section 5.3 hereof a notice stating that the expiration
date has been extended and setting forth the new expiration date. No adjustment
shall be made for any dividends on any Equity Securities issuable upon exercise
of any Equity Warrant.

          2.2  EXERCISE OF EQUITY WARRANTS.

               (a) The Holder of an Equity Warrant shall have the right, at its
     option, to exercise such Equity Warrant and, subject to subsection (e) of
     this Section 2.2, purchase the number of shares of Equity Securities
     provided for therein at the time or times or during the period or periods
     referred to in Section 2.1 and specified in the Equity Warrant Certificate
     evidencing such Equity Warrant. If specified in the Equity Warrant
     Certificate, no fewer than the minimum number of Equity Warrants may be
     exercised by or on behalf of any one Holder at any one time. Except as may
     be provided in an Equity Warrant Certificate, an Equity Warrant may be
     exercised by completing the form of election to purchase set forth on the
     reverse side of the Equity Warrant Certificate, by duly executing the same,
     and by delivering the same, together with payment in full of the Equity
     Warrant Price, in lawful money of the [United States of America,] in cash
     or by certified or official bank check or by bank wire transfer, to the
     Equity Warrant Agent. Except as may be provided in an Equity Warrant
     Certificate, the date on which such Equity Warrant Certificate and payment
     are received by the Equity Warrant Agent as aforesaid shall be deemed to be
     the date on which the Equity Warrant is exercised and the relevant shares
     of Equity Securities are issued.

                                      -5-
<PAGE>

               (b) Upon the exercise of an Equity Warrant, the Company shall, as
     soon as practicable, issue, to or upon the order of the Holder of such
     Equity Warrant, the shares of Equity Securities to which such Holder is
     entitled, registered, in the case of shares of Equity Securities in
     registered form, in such name or names as may be directed by such Holder.

               (c) The Equity Warrant Agent shall deposit all funds received by
     it in payment of the Equity Warrant Price for Equity Warrants in the amount
     of the Company maintained with it for such purpose and shall advise the
     Company by telephone by 5:00 P.M., New York City time, of each day on which
     a payment of the Equity Warrant Price for Equity Warrants is received of
     the amount so deposited in its account.  The Equity Warrant Agent shall
     promptly confirm such telephone advice in writing to the Company.

               (d) The Equity Warrant Agent shall, from time to time, as
     promptly as practicable, advise the Company of (i) the number of Equity
     Warrants of each title exercised as provided herein, (ii) the instructions
     of each Holder of such Equity Warrants with respect to delivery of the
     Equity Securities issued upon exercise of such Equity Warrants to which
     such Holder is entitled upon such exercise, and (iii) such other
     information as the Company or such Trustee shall reasonably require.  Such
     advice may be given by telephone to be promptly confirmed in writing.

               (e) The Company will pay all documentary stamp taxes attributable
     to the initial issuance of Equity Warrants; provided, however, that the
     holder, and not the Company, shall be required to pay any stamp or other
     tax or other governmental charge that may be imposed in connection with any
     transfer involved in the issuance of the Equity Securities; and in the
     event that any such transfer is involved, the Company shall not be required
     to issue any Equity Securities (and the holder's purchase of the shares of
     Equity Securities issued upon the exercise of such holder's Equity Warrant
     shall not be deemed to have been consummated) until such tax or other
     charge shall have been paid or it has been established to the Company's
     satisfaction that no such tax or other charge is due.

          2.3  EQUITY WARRANT ADJUSTMENTS. The terms and conditions, if any, on
which the exercise price of and/or the number of shares of Equity Securities
covered by an Equity Warrant are subject to adjustments will be set forth in the
Prospectus Supplement relating thereto. Such terms will include the adjustment
mechanism for the exercise price of, and the number of shares of Equity
Securities covered by, an Equity Warrant, the events requiring such adjustments,
the events upon which the Company may, in lieu of making such adjustments, make
proper provisions so that the Holder, upon exercise of such holder's Equity
Warrant, would be treated as if such Holder had been a holder of the Equity
Securities received upon such exercise, prior to the occurrence of such events,
and provisions affecting

                                      -6-
<PAGE>

exercise of the Equity Warrants in the event of certain events affecting the
Equity Securities.

                                  ARTICLE 3.

                OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS
                              OF EQUITY WARRANTS

          3.1  NO RIGHTS AS HOLDER OF EQUITY SECURITIES CONFERRED BY EQUITY
WARRANTS OR EQUITY WARRANT CERTIFICATES. No Equity Warrant or Equity Warrant
Certificate shall entitle the Holder to any of the rights of a holder of Equity
Securities, including, without limitation, voting, dividend or liquidation
rights.

          3.2  LOST, STOLEN, DESTROYED OR MUTILATED EQUITY WARRANT CERTIFICATES.
Upon receipt by the Company and the Equity Warrant Agent of evidence reasonably
satisfactory to them of the ownership of and the loss, theft, destruction or
mutilation of any Equity Warrant Certificate and of indemnity (other than in
connection with any mutilated Equity Warrant certificates surrendered to the
Equity Warrant Agent for cancellation) reasonably satisfactory to them, the
Company shall execute, and the Equity Warrant Agent shall countersign and
deliver, in exchange for or in lieu of each lost, stolen, destroyed or mutilated
Equity Warrant Certificate, a new Equity Warrant Certificate evidencing a like
number of Equity Warrants of the same title. Upon the issuance of a new Equity
Warrant Certificate under this Section, the Company may require the payment of a
sum sufficient to cover any stamp or other tax or other governmental charge that
may be imposed in connection therewith and any other expenses (including the
fees and expenses of the Equity Warrant Agent) in connection therewith. Every
substitute Equity Warrant Certificate executed and delivered pursuant to this
Section in lieu of any lost, stolen or destroyed Equity Warrant Certificate
shall represent a contractual obligation of the Company, whether or not such
lost, stolen or destroyed Equity Warrant Certificate shall be at any time
enforceable by anyone, and shall be entitled to the benefits of this Agreement
equally and proportionately with any and all other Equity Warrant Certificates,
duly executed and delivered hereunder, evidencing Equity Warrants of the same
title. The provisions of this Section are exclusive and shall preclude (to the
extent lawful) all other rights and remedies with respect to the replacement of
lost, stolen, destroyed or mutilated Equity Warrant Certificates.

          3.3  HOLDERS OF EQUITY WARRANTS MAY ENFORCE RIGHTS. Notwithstanding
any of the provisions of this Agreement, any Holder may, without the consent of
the Equity Warrant Agent, enforce and may institute and maintain any suit,
action or proceeding against the Company suitable to enforce, or otherwise in
respect of his right to exercise his Equity Warrants as provided in the Equity
Warrants and in this Agreement.

                                      -7-
<PAGE>

          3.4  MERGER, CONSOLIDATION, SALE, TRANSFER OR CONVEYANCE.

               (a) In case any of the following shall occur while any Equity
     Warrants are outstanding:  (i) any reclassification or change of the
     outstanding shares of Equity Securities; or (ii) any consolidation or
     merger to which the Company is party (other than a consolidation or a
     merger in which the Company is the continuing corporation and which does
     not result in any reclassification of, or change in, the outstanding shares
     of Equity Securities issuable upon exercise of the Equity Warrants); or
     (iii) any sale, conveyance or lease to another corporation of the property
     of the Company as an entirety or substantially as an entirety; then the
     Company, or such successor or purchasing corporation, as the case may be,
     shall make appropriate provision by amendment of this Agreement or
     otherwise so that the Holders of the Equity Warrants then outstanding shall
     have the right at any time thereafter, upon exercise of such Equity
     Warrants, to purchase the kind and amount of shares of stock and other
     securities and property receivable upon such a reclassification, change,
     consolidation, merger, sale, conveyance or lease as would be received by a
     holder of the number of shares of Equity Securities issuable upon exercise
     of such Equity Warrant immediately prior to such reclassification, change,
     consolidation, merger, sale, conveyance or lease, and, in the case of a
     consolidation, merger, sale, conveyance or lease, the Company shall
     thereupon be relieved of any further obligation hereunder or under the
     Equity Warrants, and the Company as the predecessor corporation may
     thereupon or at any time thereafter be dissolved, wound up or liquidated.
     Such successor or assuming corporation 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 Equity Warrants issuable hereunder which theretofore shall not
     have been signed by the Company, and may execute and deliver Equity
     Securities in its own name, in fulfillment of its obligations to deliver
     Equity Securities upon exercise of the Equity Warrants.  All the Equity
     Warrants so issued shall in all respects have the same legal rank and
     benefit under this Agreement as the Equity Warrants theretofore or
     thereafter issued in accordance with the terms of this Agreement as though
     all of such Equity Warrants had been issued at the date of the execution
     hereof. In any case of any such reclassification, change, consolidation,
     merger, conveyance, transfer or lease, such changes in phraseology and form
     (but not in substance) may be made in the Equity Warrants thereafter to be
     issued as may be appropriate.

               (b) The Equity Warrant Agent may receive a written opinion of
     legal counsel as conclusive evidence that any such merger, consolidation,
     sale, transfer, conveyance or other disposition of substantially all of the
     assets of the Company complies with the provisions of this Section 3.2.

                                      -8-
<PAGE>

          3.5  TREATMENT OF HOLDERS OF EQUITY WARRANT CERTIFICATES.

               (a) In the event that the Equity Warrants are offered together
     with, and, prior to the Detachable Date, are not detachable to, offered
     Securities, the Company, the Equity Warrant Agent and all other persons
     may, prior to such Detachable Date, treat the holder of the Offered
     Security as the Holder of the Equity Warrant Certificates initially
     attached thereto for any purpose and as the person entitled to exercise the
     rights represented by the Equity Warrants evidenced by such Equity Warrant
     Certificates, any notice to the contrary notwithstanding.  After the
     Detachable Date and prior to due presentment of an Equity Warrant
     Certificate for registration of transfer, the Company and the Equity
     Warrant Agent may treat the registered Holder of an Equity Warrant
     Certificate as the absolute Holder thereof for any purpose and as the
     person entitled to exercise the rights represented by the Equity Warrants
     evidenced thereby, any notice to the contrary notwithstanding.

               (b) In all other cases, the Company and the Equity Warrant Agent
     may treat the registered Holder of an Equity Warrant Certificate as the
     absolute Holder thereof for any purpose and as the person entitled to
     exercise the rights represented by the Equity Warrants evidenced thereby,
     any notice to the contrary notwithstanding.

                                   ARTICLE 4.

                    EXCHANGE AND TRANSFER OF EQUITY WARRANTS

    4.1  EQUITY WARRANT REGISTER; EXCHANGE AND TRANSFER OF EQUITY WARRANTS.
The Equity Warrant Agent shall maintain, at its corporate trust office [or at
_________________], a register (the "Equity Warrant Register") in which, upon
the issuance of Equity Warrants, or on and after the Detachable Date in the case
of Equity Warrants not separately transferable prior thereto, and, subject to
such reasonable regulations as the Equity Warrant Agent may prescribe, it shall
register Equity Warrant Certificates and exchanges and transfers thereof.  The
Equity Warrant Register shall be in written form or in any other form capable of
being converted into written form within a reasonable time.

          Except as provided in the following sentence, upon surrender at the
corporate trust office of the Equity Warrant Agent [or at
_______________________], Equity Warrant Certificates may be exchanged for one
or more other Equity Warrant Certificates evidencing the same aggregate number
of Equity Warrants of the same title, or may be transferred in whole or in part.
An Equity Warrant Certificate evidencing Equity Warrants that are not then
transferable separately from the Offered Security with which they were issued
may be exchanged or transferred prior to its Detachable Date only together with
such Offered Security and only for the purpose of

                                      -9-
<PAGE>

effecting, or in conjunction with, an exchange or transfer of such Offered
Security; and on or prior to the Detachable Date, each exchange or transfer of
such Offered Security on the Security Register of the Offered Securities shall
operate also to exchange or transfer the related Equity Warrants. A transfer
shall be registered upon surrender of an Equity Warrant Certificate to the
Equity Warrant Agent at its corporate trust office [or at _______________] for
transfer, properly endorsed or accompanied by appropriate instruments of
transfer and written instructions for transfer, all in form satisfactory to the
Company and the Equity Warrant Agent. Whenever an Equity Warrant Certificate is
surrendered for exchange or transfer, the Equity Warrant Agent shall countersign
and deliver to the person or person entitled thereto one or more Equity Warrant
Certificates duly executed by the Company, as so requested. The Equity Warrant
Agent shall not be required to effect any exchange or transfer which will result
in the issuance of an Equity Warrant Certificate evidencing a fraction of an
Equity Warrant. All Equity Warrant Certificates issued upon any exchange or
transfer of an Equity Warrant Certificate shall be the valid obligations of the
Company, evidencing the same obligations, and entitled to the same benefits
under this Agreement, as the Equity Warrant Certificate surrendered for such
exchange or transfer.

          No service charge shall be made for any exchange or transfer of Equity
Warrants, 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 such
exchange or transfer, in accordance with Section 2.2(f) hereof.

          4.2  TREATMENT OF HOLDERS OF EQUITY WARRANTS. Every Holder of an
Equity Warrant, by accepting the Equity Warrant Certificate evidencing the same,
consents and agrees with the Company, the Equity Warrant Agent and with every
other Holder of Equity Warrants of the same title that the Company and the
Equity Warrant Agent may treat the holder of an Equity Warrant Certificate (or
if the Equity Warrant Certificate is not then detachable, the Holder of the
related Offered Security) as the absolute owner of such Equity Warrant for all
purposes and as the person entitled to exercise the rights represented by such
Equity Warrant, any notice to the contrary notwithstanding.

          4.3  CANCELLATION OF EQUITY WARRANT CERTIFICATES. In the event that
the Company shall purchase, redeem or otherwise acquire any Equity Warrants
after the issuance thereof, the Equity Warrant Certificate or Certificates
evidencing such Equity Warrants shall thereupon be delivered to the Equity
Warrant Agent and be canceled by it. The Equity Warrant Agent shall also cancel
any Equity Warrant Certificate (including any mutilated Equity Warrant
Certificate) delivered to it for exercise, in whole or in part, or for exchange
or transfer. Equity Warrant Certificates so canceled shall be delivered by the
Equity Warrant Agent to the Company from time to time, or disposed of in
accordance with the instructions of the Company.

                                     -10-
<PAGE>

                                  ARTICLE 5.

                      CONCERNING THE EQUITY WARRANT AGENT

          5.1  EQUITY WARRANT AGENT. The Company hereby appoints
______________________ as Equity Warrant Agent of the Company in respect of the
Equity Warrants upon the terms and subject to the conditions set forth herein;
and _______________ hereby accepts such appointment. The Equity Warrant Agent
shall have the powers and authority granted to and conferred upon it in the
Equity Warrant Certificates and hereby and such further powers and authority
acceptable to it to act on behalf of the Company as the Company may hereafter
grant to or confer upon it. All of the terms and provisions with respect to such
powers and authority contained in the Equity Warrant Certificates are subject to
and governed by the terms and provisions hereof.

          5.2  CONDITIONS OF EQUITY WARRANT AGENT'S OBLIGATIONS. The Equity
Warrant Agent accepts its obligations set forth herein upon the terms and
conditions hereof, including the following, to all of which the Company agrees
and to all of which the rights hereunder of the Holders shall be subject:

               (a) COMPENSATION AND INDEMNIFICATION.  The Company agrees to
     promptly pay the Equity Warrant Agent the compensation to be set forth in
     an exhibit hereto and to reimburse the Equity Warrant Agent for reasonable
     out-of-pocket expenses (including counsel fees) incurred by the Equity
     Warrant Agent in connection with the services rendered hereunder by the
     Equity Warrant Agent.  The Company also agrees to indemnify the Equity
     Warrant Agent for, and to hold it harmless against, any loss, liability or
     expenses (including the reasonable costs and expense of defending against
     any claim of liability) incurred without negligence or bad faith on the
     part of the Equity Warrant Agent arising our of or in connection with its
     appointment as Equity Warrant Agent hereunder.

               (b) AGENT FOR THE COMPANY.  In acting under this Agreement and in
     connection with any Equity Warrant Certificate, the Equity Warrant Agent is
     acting solely as agent of the Company and does not assume any obligation or
     relationship of agency or trust for or with any Holder.

               (c) COUNSEL.  The Equity Warrant Agent may consult with counsel
     satisfactory to it, and the advice of such 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 accordance with
     the advice of such counsel.

               (d) DOCUMENTS.  The Equity Warrant Agent shall be protected and
     shall incur no liability for or in respect of any action taken,

                                     -11-
<PAGE>

     suffered or omitted by it in reliance upon any notice, direction, consent,
     certification, affidavit, statement or other paper or document reasonably
     believed by it to be genuine and to have been presented or signed by the
     proper parties.

               (e) OFFICER'S CERTIFICATE.  Whenever in the performance of its
     duties hereunder the Equity Warrant Agent shall reasonably deem it
     necessary that any fact or matter be proved or established by the Company
     prior to taking, suffering or omitting any action hereunder, the Equity
     Warrant Agent may (unless other evidence in respect thereof be herein
     specifically prescribed), in the absence of bad faith on its part, rely
     upon a certificate signed by the Chairman, the President, a Vice President,
     the Treasurer, and Assistant Treasurer, the Secretary or an Assistant
     Secretary of the Company (an "Officer's Certificate") delivered by the
     Company to the Equity Warrant Agent.

               (f) ACTIONS THROUGH AGENTS.  The Equity Warrant Agent may execute
     and exercise any of the rights or powers hereby vested in it or perform any
     duty hereunder either itself or by or through its attorneys or agents, and
     the Equity Warrant Agent shall not be answerable or accountable for any
     act, default, neglect or misconduct or any such attorney or agent or for
     any loss to the Company resulting from such neglect or misconduct;
     provided, however, that reasonable care shall have been exercised in the
     selection and continued employment of such attorneys and agents.

               (g) CERTAIN TRANSACTIONS.  The Equity Warrant Agent, and any
     officer, director or employee thereof, may become the owner of, or acquire
     interest in, any Equity Warrant, with the same rights that he, she or it
     would have if it were not the Equity Warrant Agent, and, to the extent
     permitted by applicable law, he, she or it may engage or be interested in
     any financial or other transaction with the Company and may serve on, or as
     depositary, trustee or agent for, any committee or body of holders of Debt
     Securities or other obligations of the Company as if it were not the Equity
     Warrant Agent.

               (h) NO LIABILITY FOR INTEREST.  The Equity Warrant Agent shall
     not be liable for interest on any monies at any time received by it
     pursuant to any of the provisions of this Agreement or of the Equity
     Warrant Certificates, except as otherwise agreed with the Company.

               (i) NO LIABILITY FOR INVALIDITY.  The Equity Warrant Agent shall
     incur no liability with respect to the validity of this Agreement (except
     as to the due execution hereof by the Equity Warrant Agent) or any Equity
     Warrant Certificate (except as to the countersignature thereof by the
     Equity Warrant Agent).

                                     -12-
<PAGE>

               (j) NO RESPONSIBILITY FOR COMPANY REPRESENTATIONS.  The Equity
     Warrant Agent shall not be responsible for any of the recitals or
     representations contained herein (except as to such statements or recitals
     as describe the Equity Warrant Agent or action taken or to be taken by it)
     or in any Equity Warrant Certificate (except as to the Equity Warrant
     Agent's countersignature on such Equity Warrant Certificate), all of which
     recitals and representations are made solely by the Company.

               (k) NO IMPLIED OBLIGATIONS.  The Equity Warrant Agent shall be
     obligated to perform only such duties as are specifically set forth herein,
     and no other duties or obligations shall be implied.  The Equity Warrant
     Agent shall not be under any obligation to take any action hereunder that
     may subject it to any expense or liability, the payment of which within a
     reasonable time is not, in its reasonable opinion, assured to it.  The
     Equity Warrant Agent shall not be accountable or under any duty or
     responsibility for the use by the Company of any Equity Warrant Certificate
     countersigned by the Equity Warrant Agent and delivered by it to the
     Company pursuant to this Agreement or for the Application by the Company of
     the proceeds of the issuance or exercise of Equity Warrants.  The Equity
     Warrant Agent shall have no duty or responsibility in case of any default
     by the Company in the performance of its covenants or agreements contained
     herein or in any Equity Warrant Certificate or in case of the receipt of
     any written demand from a Holder with respect to such default, including,
     without limiting the generality of the foregoing, any duty or
     responsibility to initiate or attempt to initiate any proceedings at law or
     otherwise or, except as provided in Section 6.2 hereof, to make any demand
     upon the Company.

          5.3  COMPLIANCE WITH APPLICABLE LAWS. The Equity Warrant Agent agrees
to comply with all applicable federal and state laws imposing obligations on it
in respect of the services rendered by it under this Equity Warrant Agreement
and in connection with the Equity Warrants, including (but not limited to) the
provisions of United States federal income tax laws regarding information
reporting and backup withholding. The Equity Warrant Agent expressly assumes all
liability for its failure to comply with any such laws imposing obligations on
it, including (but not limited to) any liability for failure to comply with any
applicable provisions of United States federal income tax laws regarding
information reporting and backup withholding.

          5.4  RESIGNATION AND APPOINTMENT OF SUCCESSOR.

               (a) The Company agrees, for the benefit of the Holders of the
     Equity Warrants, that there shall at all times be an Equity Warrant Agent
     hereunder until all the Equity Warrants are no longer exercisable.

                                     -13-
<PAGE>

               (b) The Equity Warrant Agent may at any time resign as such agent
     by giving written notice to the Company of such intention on its part,
     specifying the date on which its desired resignation shall become
     effective, subject to the appointment of a successor Equity Warrant Agent
     and acceptance of such appointment by such successor Equity Warrant Agent,
     as hereinafter provided.  The Equity Warrant Agent hereunder may be removed
     at any time by the filing with it of an instrument in writing signed by or
     on behalf of the Company and specifying such removal and the date when it
     shall become effective.  Such resignation or removal shall take effect upon
     the appointment by the Company, as hereinafter provided, of a successor
     Equity Warrant Agent (which shall be a banking institution organized under
     the laws of the United States of America, or one of the states thereof and
     having an office or an agent's office in the Borough of Manhattan, the City
     of New York) and the acceptance of such appointment by such successor
     Equity Warrant Agent.  In the event a successor Equity Warrant Agent has
     not been appointed and has not accepted its duties within 90 days of the
     Equity Warrant Agent's notice of resignation, the Equity Warrant Agent may
     apply to any court of competent jurisdiction for the designation of a
     successor Equity Warrant Agent.  The obligation of the Company under
     Section 5.2(a) shall continue to the extent set forth therein
     notwithstanding the resignation or removal of the Equity Warrant Agent.

               (c) In case at any time the Equity Warrant Agent shall resign, or
     shall be removed, or shall become incapable of acting, or shall be adjudged
     bankrupt or insolvent, or make an assignment for the benefit of its
     creditors or consent to the appointment of a receiver or custodian of all
     or any substantial part of its property, or shall admit in writing its
     inability to pay or meet its debts as they mature, or if a receiver or
     custodian of it or all or any substantial part of its property shall be
     appointed, or if any public officer shall have taken charge or control of
     the Equity Warrant Agent or of its property or affairs, for the purpose of
     rehabilitation, conservation or liquidation, a successor Equity Warrant
     Agent, qualified as aforesaid, shall be appointed by the Company by an
     instrument in writing, filed with the successor Equity Warrant Agent.  Upon
     the appointment as aforesaid of a successor Equity Warrant Agent and
     acceptance by the latter of such appointment, the Equity Warrant Agent so
     superseded shall cease to be the Equity Warrant Agent hereunder.

               (d) Any successor Equity Warrant Agent appointed hereunder shall
     execute, acknowledge and deliver to its predecessor and to the Company an
     instrument accepting such appointment hereunder, and thereupon such
     successor Equity Warrant Agent, without any further act, deed or
     conveyance, shall become vested with all the authority, rights, powers,
     trusts, immunities, duties and obligations of such predecessor with like
     effect as if originally named as Equity Warrant Agent hereunder, and such
     predecessor, upon payment of its charges and disbursements then unpaid,
     shall thereupon become obligated to transfer, deliver and pay over, and
     such successor Equity Warrant

                                     -14-
<PAGE>

     Agent shall be entitled to receive all moneys, securities and other
     property on deposit with or held by such predecessor, as Equity Warrant
     Agent hereunder.

               (e) Any corporation into which the Equity Warrant Agent hereunder
     may be merged or converted or any corporation with which the Equity Warrant
     Agent may be consolidated, or any corporation resulting from any merger,
     conversion or consolidation to which the Equity Warrant Agent shall be a
     party, or any corporation to which the Equity Warrant Agent shall sell or
     otherwise transfer all or substantially all of the assets and business of
     the Equity Warrant Agent, provided that it shall be qualified as aforesaid,
     shall be the successor Equity Warrant Agent under this Agreement without
     the execution or filing of any paper or any further act on the part of any
     of the parties hereto.

                                   ARTICLE 6.

                                 MISCELLANEOUS

          6.1  AMENDMENT.

               (a) This Agreement and the Equity Warrants may be amended by the
     Company and the Equity Warrant Agent, without the consent of the Holders of
     Equity Warrants, for the purpose of curing any ambiguity, or of curing,
     correcting or supplementing any defective or inconsistent provision
     contained herein or therein or in any other manner which the Company may
     deem to be necessary or desirable and which will not materially and
     adversely affect the interests of the Holders of the Equity Warrants.

               (b) The Company and the Equity Warrant Agent may modify or amend
     this Agreement and the Equity Warrant Certificates with the consent of the
     Holders of not fewer than a majority in number of the then outstanding
     unexercised Equity Warrants affected by such modification or amendment, for
     any purpose; provided, however, that no such modification or amendment that
     shortens the period of time during which the Equity Warrants may be
     exercised, or otherwise materially and adversely affects the exercise
     rights of the holders or reduces the percentage of holders of outstanding
     Equity Warrants the consent of which is required for modification or
     amendment of this agreement or the Equity Warrants, may be made without the
     consent of each holder affected thereby.

          6.2  NOTICES AND DEMANDS TO THE COMPANY AND EQUITY WARRANT AGENT. If
the Equity Warrant Agent shall receive any notice or demand addressed to the
Company by any Holder pursuant to the provisions of the Equity Warrant
Certificate, the Equity Warrant Agent shall promptly forward such notice or
demand to the Company.

                                      -15-
<PAGE>

          6.3  ADDRESSES FOR NOTICES. Any communications from the Company to the
Equity Warrant Agent with respect to this Agreement shall be addressed to [name
of Equity Warrant Agent], [_____________________, New York, New York ______],
Attention: [Corporate Trust Department]; any communications from the Equity
Warrant Agent to the Company with respect to this Agreement shall be addressed
to Northrop Grumman Corporation, 1840 Century Park East, Los Angeles, California
90067, Attention: ___________________ (with a copy to the Secretary); or such
other addresses as shall be specified in writing by the Equity Warrant Agent or
by the Company.

          6.4  GOVERNING LAW. This Agreement and the Equity Warrants shall be
governed by the laws of the State of New York applicable to contracts made and
to be performed entirely within such state.

          6.5  GOVERNMENTAL APPROVALS.  The Company will from time to time use
all reasonable efforts to obtain and keep effective any and all permits,
consents and approvals of governmental agencies and authorities and the national
securities exchange on which the Equity Warrants may be listed or authorized for
trading from time to time and filings under the United States federal and state
laws, which may be or become requisite in connection with the issuance, sale,
trading, transfer or delivery of the Equity Warrants, and the exercise of the
Equity Warrants.

          6.6  PERSONS HAVING RIGHTS UNDER EQUITY WARRANT AGREEMENT.  Nothing in
this Agreement expressed or implied and nothing that my be inferred from any of
the provisions hereof is intended, or shall be construed, to confer upon, or
give to, any person or corporation other than the Company, the Equity Warrant
Agent and the Holders any right, remedy or claim under or by reason of this
Agreement or of any covenant, condition, stipulation, promise or agreement
hereof; and all covenants, conditions, stipulations, promises and agreements in
this Agreement contained shall be for the sole and exclusive benefit of the
Company and the Equity Warrant Agent and their successors and of the Holders of
Equity Warrant Certificates.

          6.7  DELIVERY OF PROSPECTUS.  The Company will furnish to the Equity
Warrant Agent sufficient copies of a prospectus of prospectuses relating to the
Equity Securities deliverable upon exercise of any outstanding Equity Warrants
(each a "Prospectus"), and the Equity Warrant Agent agrees to deliver to the
Holder of the Equity Warrant, prior to or concurrently with the delivery of the
Equity Securities issued upon the exercise thereof, a copy of the Prospectus
relating to such Equity Securities.

          6.8  HEADINGS.  The descriptive headings of the several Articles and
Sections and the Table of Contents of this Agreement are for convenience only
and shall not control or affect the meaning or construction of any of the
provisions hereof.

                                     -16-
<PAGE>

          6.9  COUNTERPARTS.  This Agreement may be executed by the parties
hereto in any number of counterparts, each of which when so executed and
delivered shall be deemed to be an original; but all such counterparts shall
together constitute but one and the same instrument.

          6.10 INSPECTION OF AGREEMENT.  A copy of this Agreement shall be
available at all reasonable times at the principal corporate trust office of the
Equity Warrant Agent, for inspection by the Holders of Equity Warrants.

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

                                             NORTHROP GRUMMAN CORPORATION

                                             By ________________________________

                                                ________________________________
                                                [Printed Name and Title]
Attest:

Name: ________________________________

Title:________________________________

                                             ___________________________________
                                             [Name of Debt Warrant Agent]

                                             By ________________________________

                                                ________________________________
                                                [Printed Name and Title]
Attest:

Name: ________________________________

Title:________________________________

                                     -17-

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