Document:

Exhibit
      10.5

     

    

       

      SOP08008A

      

      THIS
        OPTION HAS BEEN ISSUED PURSUANT TO EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS
        OF THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), AND THE QUALIFICATION
        REQUIREMENTS OF APPLICABLE STATE SECURITIES LAWS (THE "LAWS"). IT IS UNLAWFUL
        TO
        EXERCISE, SELL, PLEDGE OR OTHERWISE DISPOSE OF THIS OPTION, OR ANY INTEREST
        THEREIN, OR RECEIVE ANY CONSIDERATION THEREFOR, IN THE ABSENCE OF AN EFFECTIVE
        REGISTRATION STATEMENT UNDER THE ACT AND QUALIFICATION UNDER THE LAWS, UNLESS
        EXEMPTIONS FROM SUCH REGISTRATION AND QUALIFICATION REQUIREMENTS ARE
        AVAILABLE.

      

      THIS
        OPTION MAY BE EXERCISED ONLY
        IN
        ACCORDANCE WITH THE TERMS OF THIS STOCK OPTION AGREEMENT.

      

      BOARD
        MEMBER - NONSTATUTORY STOCK OPTION AGREEMENT

      

      NutraCea,
        a California corporation (the "Company"), hereby grants to DAVID BENSOL (the
        "Optionee"), an option (the "Option") to purchase a total of 100,000 shares
        of
        common stock of the Company (the "Common Stock") at an exercise price (the
        "Exercise Price") equal to $1.49 per share, which is above the fair market
        value
        of the Company's Common Stock on the date of the grant, in all respects subject
        to the terms, definitions and provisions of this Nonstatutory Stock Option
        Agreement (the "Agreement"). Date of Grant: January 8, 2008.

      

      

      1. Nature
        of the Option.
        The
        Option is intended to be a nonstatutory option and not
        an
        incentive stock option within the meaning of Section 422 of the Internal
        Revenue
        Code of 1986, as amended (the "Code").

       

      2. Payment
        of Exercise Price.

       

      (a) Method
        of Payment.
        Payment
        of the Exercise Price for shares purchased upon exercise of the Option shall
        be
        made (i) by delivery to the Company of cash or a check to the order of the
        Company in an amount equal to the purchase price of such shares;
        (ii) subject to the consent of the Company, by delivery to the Company of
        shares of Common Stock of the Company then owned by the Optionee having a
        fair
        market value equal in amount to the purchase price of such shares in accordance
        with Section 2(b); or, (iii) by any other means approved by the Board of
        Directors and which is consistent with applicable laws and regulations
        (including, without limitation, the provisions of Rule 16b-3 under the
        Securities Exchange Act of 1934 and Regulation T promulgated by the Federal
        Reserve Board); or (iv) by any combination of such methods of
        payment.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (b) Method
        of Payment - Public Market.
        In the
        event there exists a public market for the Company's Common Stock on the
        date of
        exercise, payment of the exercise price may be made by surrender of shares
        of
        the Company's Common Stock. In this case payment shall be made as
        follows:

       

       

      (i) Optionee
        shall deliver to the Secretary of the Company a written notice which shall
        set
        forth the portion of the purchase price the Optionee wishes to pay with Common
        Stock, and the number of shares of such Common Stock the Optionee intends
        to
        surrender pursuant to the exercise of this Option, which shall be determined
        by
        dividing the aforementioned portion of the purchase price by the average
        of the
        last reported bid and asked prices per share of Common Stock of the Company,
        as
        reported in The
        Wall Street Journal
        (or, if
        not so reported, as otherwise reported by the National Association of Securities
        Dealers Automated Quotation (NASDAQ) System or, in the event the Common Stock
        is
        listed on a national securities exchange, or on the NASDAQ Small-Cap Market
        of
        any successor national market system, the closing price of Common Stock of
        the
        Company on such exchange as reported in The
        Wall Street Journal)
        for the
        day on which the notice of exercise is sent or delivered;

       

      (ii) Fractional
        shares shall be disregarded and the Optionee shall pay in cash an amount
        equal
        to such fraction multiplied by the price determined under subparagraph
        (i);

       

      (iii) The
        written notice shall be accompanied by a duly endorsed blank stock power
        with
        respect to the number of Shares set forth in the notice, and the certificate(s)
        representing said Shares shall be delivered to the Company at its principal
        offices within three (3) working days from the date of the notice of
        exercise;

       

      (iv) The
        Optionee hereby authorizes and directs the Secretary of the Company to transfer
        so many of the Shares represented by such certificate(s) as are necessary
        to pay
        the purchase price in accordance with the provisions herein;

       

      (v) If
        any
        such transfer of Shares requires the consent of the California Commissioner
        of
        Corporations or of some other agency under the securities laws of any other
        state, or an opinion of counsel for the Company or Optionee that such transfer
        may be effected under applicable federal and state securities laws, the time
        periods specified herein shall be extended for such periods as the necessary
        request for consent to transfer is pending before said commissioner or other
        agency, or until counsel renders such an opinion, as the case may be. All
        parties agree to cooperate in making such request for transfer, or in obtaining
        such opinion of counsel, and no transfer shall be effected without such consent
        or opinion if required by law; and

       

      (vi) Notwithstanding
        any other provisions herein, the Optionee shall only be permitted to pay
        the
        purchase price with shares of the Company's Common Stock owned by him as
        of the
        exercise date in the manner and within the time periods allowed under Rule
        16b-3
        promulgated under the Securities Exchange Act of 1934 as such regulation
        is
        presently constituted, as it is amended from time to time, and as it is
        interpreted now or hereafter by the Securities and Exchange Commission and
        any
        such shares have been held by the Optionee for not less than six (6)
        months.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      3. Exercise
        of Option.
        The
        Option shall vest and become exercisable during its term, subject to the
        provisions of Section 5 below, as follows:

       

      (a) Vesting
        and Right to Exercise.

       

      (i) The
        Option hereby granted shall vest and become exercisable on a prorated basis
        over
        a twelve-month period beginning January 8, 2008 - 1/12th
        of the
        option shares vest on the last day of each month of 2008. The option will
        be
        fully vested on December 31, 2008.

       

      Subject
        to the provisions of subparagraph (ii) and (iii) below, the Optionee can
        exercise any portion of the Option, which has vested until the expiration
        of the
        Option term.

      

      If
        a
        "change of control" of the Company should occur, as defined below, then the
        Option shall immediately vest and become exercisable in full. For purposes
        of
        the foregoing provision, a "change in control" means the occurrence of any
        of
        the following:

      

      (A) any
        "person," as such term is used in Sections 13(d) and 14(d) of the
        Securities Exchange Act of 1934, as emended (the "Exchange Act") (other than
        the
        Company or its existing shareholders) is or becomes the "beneficial owner"
        (as
        defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of
        securities of the Company (or a successor to the Company) representing 50%
        or
        more of the combined voting power of the then outstanding securities of the
        Company or such successor;

      

      (B) the
        dissolution of the Company or liquidation of more than 50% or more in value
        of
        the assets of the Company, (ii) or any merger or reorganization of the Company
        whether or not another entity is the survivor, (iii) a transaction (other
        than
        the initial public offering of the Company's shares) pursuant to which holders,
        as a group, of all of the shares of the Company outstanding before the
        transaction, hold, as a group, less than 50% of the combined voting power
        of the
        Company or any successor company outstanding after the transaction, or (iv)
        any
        other event or series of events which the Optionee determines, in his
        discretion, would materially alter the structure of the Company or its
        ownership.

      

      (ii) In
        the
        event of the Optionee's death, disability, other termination of employment
        or
        ceases to be a member of the Board prior to exercise, the exercisability
        of the
        Option shall be governed by Section 5 below.

       

      (iii) The
        Option may be exercised in whole or in part but may not be exercised as to
        fractional shares.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (b) Method
        of Exercise.
        In
        order to exercise any portion of the Option, the Optionee shall execute and
        deliver to the Chief Financial Officer of the Company the Notice of Exercise
        of
        Stock Option in the form attached hereto as Exhibit "A," together with the
        Consent of Spouse. The Notice of Exercise must be accompanied by payment
        in full
        of the aggregate purchase price for the Shares to be purchased in the type
        of
        consideration set forth in Section 2. The Notice of Exercise may be delivered
        to
        the Company at any time. The certificate(s) for the Shares as to which the
        Option has been exercised shall be registered in the name of Optionee or
        his
        designee.

       

      (c)
         Surrender
        of Options.
        If the
        Stock is publicly traded, by surrendering the right to purchase a certain
        number
        of Shares under the Option and using the appreciated value of the Shares
        surrendered, defined as the Fair Market Value less the Exercise Price of
        the
        Shares surrendered. By way of example, if the Optionee surrenders the right
        to
        purchase 40 shares on a date when the Fair Market Value is $8.125 per Share
        and
        the Exercise Price is $3.25 per share, then the Optionee could purchase ($8.125
        - $3.25 = $4.875 x 40 shares = $195.00 divided by $3.25 = 60 shares), and
        the
        number of shares purchasable under the Option would be reduced by 100
        shares.

       

      (d) Restrictions
        on Exercise.
        This
        Option may not be exercised if the issuance of the shares upon such exercise
        or
        the method of payment of consideration for such shares would constitute a
        violation of any applicable federal or state securities law or any other
        law or
        regulation. As a condition to the exercise of the Option, the Company may
        require the Optionee to make any representation or warranty to the Company
        at
        the time of exercise of the Option as in the opinion of legal counsel for
        the
        Company may be required by any applicable law or regulation, including the
        execution and delivery of an appropriate representation statement. The stock
        certificate(s) for the Shares issued upon exercise of the Option may bear
        appropriate legends restricting transfer.

       

      (e) Delivery
        of Certificates.
        The
        Company shall deliver the certificate(s) for the Shares issued upon exercise
        of
        the Option to the Optionee as soon as is practicable; provided, however,
        that if
        any law or regulation requires the Company to take action with respect to
        such
        shares before the issuance thereof, including, without limitation, actions
        taken
        pursuant to Section 6 below, then the date of delivery of such Shares shall
        be
        extended for a period necessary to take such action.

       

      4. Non-Transferability
        of Option.
        This
        Option may be exercised during the lifetime of the Optionee only by the Optionee
        and may not be transferred in any manner other than by will or by the laws
        of
        descent and distribution. The terms of this Option shall be binding upon
        the
        executors, administrators, heirs and successors of the Optionee.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      5. Term
        of the Option.
        Except
        as otherwise provided in this Agreement, to the extent not previously exercised,
        the right to exercise the Option shall terminate on January 8, 2013.
        Notwithstanding the foregoing, if an Optionee ceases to be a Board Member
        of the
        Company for any reason, except death and disability, he or she may, but only
        within ninety (90) days after the date he or she ceases to be a Board Member
        of
        the Company, exercise his or her Option to the extent that he or she was
        entitled to exercise it at the date of such termination, and in the case
        of the
        Optionee's death or disability, the Optionee (or the Administrator or Executor
        or other Representative of the Optionee's estate) may, but only within one
        (1)
        year after the date he or she ceases to be a Board Member of the Company
        due to
        death or disability, exercise his or her Option to the extent that he or
        she was
        entitled to exercise it at the date of such termination; provided, however
        that
        in no event may the Option be exercised after the five (5) year term has
        expired. To the extent that the Optionee was not entitled to exercise an
        Option
        at the date of such termination, or if he or she does not exercise such Option
        (which he or she was entitled to exercise) within the time specified herein,
        the
        Option shall terminate.

       

      6. Adjustments
        Upon /Changes in Capitalization; Other Adjustments.
        Subject
        to any required action by the shareholders of the Company, the number of
        Shares
        and the Exercise Price shall be proportionately adjusted for any increase
        or
        decrease in the number of issued shares of Common Stock resulting from a
        stock
        split, reverse stock split, combination, reclassification, the payment of
        a
        stock dividend on the Common Stock or any other increase or decrease in the
        number of shares of Common Stock of the Company effected without receipt
        of
        consideration by the Company; provided, however, that conversion of any
        convertible securities of the Company shall not be deemed to have been "effected
        without receipt of consideration." Such adjustment shall be made by the Board,
        whose determination in that respect shall be final, binding and conclusive.
        Except as expressly provided herein, no issue by the Company of shares of
        stock
        of any class, or securities convertible into shares of stock of any class,
        shall
        affect and no adjustment by reason thereof shall be made with respect to,
        the
        number of shares subject to, or the Exercise Price of, this Option.

       

      The
        Board
        may, if it so determines in the exercise of its sole discretion, also make
        provision for adjusting the number of shares, as well as the Exercise Price,
        in
        the event that the Company effects one or more reorganizations,
        recapitalizations, rights offerings, or other increases or reductions of
        shares
        of its outstanding common stock, and in the event of the Company being
        consolidated with or merged into any other corporation; provided, however,
        that
        in no event shall the Optionee be adversely affected by such
        adjustment.

       

      The
        Board
        may, if it so determines in the exercise of its sole discretion, also make
        provision for changing, modifying, amending or adjusting any of the terms
        of
        this Option solely in order for the Company to perfect a significant financing;
        provided, however, that in no event shall the Optionee be adversely affected
        by
        such adjustment.

       

      7. Rights
        of Shareholder.
        Optionee shall have no rights as a shareholder with respect to the shares
        until
        the date of the issuance or the transfer to the Optionee of the certificate(s)
        for such shares and only after the Exercise Price for such shares has been
        paid
        in full.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      8. Amendment.
        Except
        as set forth in Section 6, this Agreement may not be amended without the
        written
        consent of the Optionee.

       

      9. Income
        Tax Withholding.
        The
        Optionee authorizes the Company to withhold, in accordance with applicable
        law
        from any compensation payable to him or her, any taxes required to be withheld
        by federal, state or local laws as a result of the exercise of this Option.
        Furthermore, in the event of any determination that the Company has failed
        to
        withhold a sum sufficient to pay all withholding taxes due in connection
        with
        the exercise of this Option, the Optionee agrees to pay the Company the amount
        of such deficiency in cash within five (5) days after receiving a written
        demand
        from the Company to do so, whether or not Optionee is an employee or director
        of
        the Company at that time.

       

      10. Investment
        Representations; Legends.

       

      (a) Representations.
        The
        Optionee represents, warrants and covenants that:

       

      (i) Any
        shares purchased upon exercise of this Option shall be acquired for the
        Optionee's account for investment only, and not with a view to, or for sale
        in
        connection with, any distribution of the shares in violation of the Securities
        Act of 1933 (the "Securities Act"), or any rule or regulation under the
        Securities Act.

       

      (ii) The
        Optionee has had such opportunity as he or she has deemed adequate to obtain
        from representatives of the Company such information as is necessary to permit
        the Optionee to evaluate the merits and risks of his or her investment in
        the
        Company.

       

      (iii) The
        Optionee is able to bear the economic risk of the holding of such shares
        acquired pursuant to the exercise of this Option for an indefinite
        period.

       

      (iv) The
        Optionee understands that the Shares acquired pursuant to the exercise of
        this
        Option are not registered under the Securities Act and are "restricted
        securities" within the meaning of Rule 144 under the Securities Act and may
        not
        be transferred, sold or otherwise disposed of in the absence of an effective
        registration statement with respect to the Shares filed and made effective
        under
        the Securities Act of 1933, or an opinion of counsel satisfactory to the
        Company
        to the effect that registration under such Act is not required.

       

      By
        making
        payment upon exercise of this Option, the Optionee shall be deemed to have
        reaffirmed, as of the date of such payment, the representations made in this
        Section 10.

      

      (b) Legends
        of Stock Certificate.
        All
        stock certificates representing share of Common Stock issued to the Optionee
        upon exercise of this Option shall have affixed thereto legend(s) substantially
        in the following forms, in addition to any other legends required by applicable
        state law:

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      "THE
        SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
        UNDER
        THE SECURITIES ACT OF 1933 AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE
        DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT WITH RESPECT
        TO THE SHARES EVIDENCED BY THIS CERTIFICATE, FILED AND MADE EFFECTIVE UNDER
        THE
        SECURITIES ACT OF 1933, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY
        TO
        THE EFFECT THAT REGISTRATION UNDER SUCH ACT IS NOT REQUIRED."

       

      DATE
        OF
        GRANT: January 8, 2008

       

      
        	 	 	 
	 	NUTRACEA
	 
 	 
 	 
 
	 	By:  	 
                
	 	
                
Bradley
                D. Edson, Chief Executive Officer
	 	 

       

      
 

      The
        Optionee acknowledges receipt of a copy of the Plan, and represents that
        he or
        she is familiar with the terms and provisions thereof, and hereby accepts
        this
        Option subject to all of the terms and provisions thereof. The Optionee hereby
        agrees to accept as binding, conclusive and final all decisions or
        interpretations of the Board of Directors of NutraCea upon any questions
        arising
        under such Agreement.

      
 

      
        	Dated:	   
	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	
                DAVID
                  BENSOL

              
	 	 	 	
                2708
                  EASA PLACE

              
	 	 	 	
                BELLMORE,
                  NY 11710

              
	 	 	 	 	 
	 	 	 	
                PHONE:
                  516-532-6472

              
	 	 	 	 	 
	 	 	 	
                SSN:

              	
                  
                  

              

      

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      CONSENT
        OF SPOUSE

      

      

      I,
        ________________________, spouse of the Optionee who executed the foregoing
        Agreement attached hereto, hereby agree that my spouse's interest in the
        shares
        of Common Stock of NutraCea subject to said Agreement shall be irrevocably
        bound
        by the Agreement's terms. I agree to accept as binding, conclusive and final
        all
        decisions or interpretations of the Board of Directors of NutraCea upon any
        questions arising under such Agreement. I further agree that my community
        property interest in such Shares, if any, shall similarly be bound by said
        Agreement and that such consent is binding upon my executors, administrators,
        heirs and assigns. I agree to execute and deliver such documents as may be
        necessary to carry out the intent of said Agreement and this
        consent.

       

      
        
          	Dated:	   
	 	 	 
	 	 	 	 
	 	 	 	
                    
                    

                
	 	 	 	
                  
                    Signature

                  

                
	 	 	 	 
	 	 	 	
                    
                    

                
	 	 	 	
                  Print
                    Name

                

        

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      EXHIBIT
        A

      

      
        	TO:	
                NutraCea

              

      

      5090
        North 40th
        Street,
        Suite 400

      Phoenix,
        AZ 85018

       

      
        	SUBJECT:	
                NOTICE
                  OF EXERCISE OF STOCK OPTIONS

              

      

      

      

      With
        respect to the stock option granted to the undersigned by NutraCea, (the
        “Company”) on (grant date) _______________________, to purchase an aggregate of
        ________________________ shares of the Company’s Common Stock, this is official
        notice that the undersigned hereby elects to exercise such option to purchase
        shares as follows:

      

      
        	
                Number
                  of Shares

              	
                  
                  

              	 
	 	 	 
	
                Date
                  of Purchase:

              	
                   
                  

              	 
	 	 	 
	
                Mode
                  of Payment:

              	
                   
                  

              	
                (certified
                  check or cash)

              

      

      

      

      The
        shares should be issued as follows:

      

      
        	
                Name:

              	
                  
                  

              
	 	 
	
                Address:

              	
                   
                  

              
	 	 
	 	
                   
                  

              

      

      

      

      
        	
                Signed
                  by (print name):

              	
                    
                  

              
	 	 
	
                Signature:

              	
                    
                  

              
	 	 
	
                Dated:

              	
                   
                  

              
	 	 
	
                SSN:

              	
                   
                  

              

      

      

      Please
        send this notice of exercise to:

      

      NutraCea

      5090
        North 40th
        Street,
        Suite 400

      Phoenix,
        AZ 85018

       

      Phone:
        602-522-3000EXHIBIT
      4.3

     

     

      
        

      

    

     

    HOKU
      SCIENTIFIC, INC.,

     

    as
      Issuer

     

    
      
        

      

    

     

    INDENTURE

     

    Dated
      as
      of [   ], 200[  ]

     

    
      
 

    [                     ],

     

    as
      Trustee

     

    
      

    

    
 

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    
      EXHIBIT
        4.3

    

     

    CROSS-REFERENCE
      TABLE

     

    
      	
              TIA
                Section

            	 	
              Indenture

              Section

            	 
	
              310(a)(1)

            	 	 	
              11.5

            	 
	
              (a)(2)

            	 	 	
              11.5

            	 
	
              (a)(3)

            	 	 	
              N.A.

            	 
	
              (a)(4)

            	 	 	
              N.A.

            	 
	
              (b)

            	 	 	
              11.4,
                11.5

            	 
	
              311(a)

            	 	 	
              11.9(a),(b)

            	
               

            
	
              (b)

            	 	 	
              11.9(a),(b)

            	
               

            
	
              (c)

            	 	 	
              11.11

            	 
	
              312(a)

            	 	 	
              4.6(d),
                11.11

            	 
	
              (b)

            	 	 	
              11.11

            	 
	
              (c)

            	 	 	
              11.11

            	 
	
              313(a)

            	 	 	
              11.10(a)

            	
               

            
	
              (b)(1)

            	 	 	
              N.A.

            	 
	
              (b)(2)

            	 	 	
              11.10(b)

            	
               

            
	
              (c)

            	 	 	
              11.10(c)

            	
               

            
	
              (d)

            	 	 	
              11.10(d)

            	
               

            
	
              314(a)(1)

            	 	 	
              4.6(a)

            	
               

            
	
              (a)(2)

            	 	 	
              4.6(b)

            	
               

            
	
              (a)(3)

            	 	 	
              4.6(c)

            	
               

            
	
              (a)(4)

            	 	 	
              4.7

            	 
	
              (b)

            	 	 	
              N.A.

            	 
	
              (c)

            	 	 	
              3.8

            	 
	
              (d)

            	 	 	
              N.A.

            	 
	
              (e)

            	 	 	
              3.8

            	 
	
              315(a)

            	 	 	
              11.1(a),
                (b)

            	
               

            
	
              (b)

            	 	 	
              11.3

            	 
	
              (c)

            	 	 	
              11.1(a)

            	
               

            
	
              (d)

            	 	 	
              11.1(a),
                11.1(b)

            	
               

            
	
              (e)

            	 	 	
              7.7

            	 
	
              316(a)(1)(A)

            	 	 	
              7.6

            	 
	
              (a)(1)(B)

            	 	 	
              7.1,
                7.5

            	 
	
              (a)(2)

            	 	 	
              N.A.

            	 
	
              (b)

            	 	 	
              7.7

            	 
	
              317(a)

            	 	 	
              7.2

            	 
	
              (b)

            	 	 	
              4.8

            	 
	
              318(a)

            	 	 	
              3.4

            	 
	
              (b)

            	 	 	
              3.4

            	 

    

    
       

      
        

      

    

    NOTE:
      This cross reference table shall not, for any purpose, be deemed to be part
      of
      the Indenture.

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

    TABLE
      OF CONTENTS

    

    
      	 	 	
              Page

            
	 
	
              ARTICLE
                I

            
	
              DEFINITIONS;
                TRUST INDENTURE ACT CONTROLLING

            
	 	 	 
	
              Section
                1.1

            	
              Definitions

            	
              1

            
	 	 	 
	
              Section
                1.2

            	
              Trust
                Indenture Act definitions controlling

            	
              5

            
	 
	
              ARTICLE
                II

            
	
              FORM,
                ISSUE AND REGISTRATION OF DEBT SECURITIES

            
	 	 	 
	
              Section
                2.1

            	
              Forms
                generally and dating

            	
              6

            
	 	 	 
	
              Section
                2.2

            	
              Amount
                unlimited; Issuable in series

            	
              6

            
	 	 	 
	
              Section
                2.3

            	
              Denominations

            	
              10

            
	 	 	 
	
              Section
                2.4

            	
              Execution
                of Debt Securities; Authentication

            	
              10

            
	 	 	 
	
              Section
                2.5

            	
              Issue
                of Debt Securities

            	
              13

            
	 	 	 
	
              Section
                2.6

            	
              Transfer
                of Debt Securities

            	
              13

            
	 	 	 
	
              Section
                2.7

            	
              Persons
                deemed owners of Debt Securities

            	
              13

            
	 	 	 
	
              Section
                2.8

            	
              Provisions
                for Debt Securities in temporary form

            	
              13

            
	 	 	 
	
              Section
                2.9

            	
              Mutilated,
                destroyed, lost or stolen Debt Securities

            	
              14

            
	 	 	 
	
              Section
                2.10

            	
              Exchanges
                of Debt Securities

            	
              14

            
	 	 	 
	
              Section
                2.11

            	
              Cancellation
                of surrendered Debt Securities

            	
              15

            
	 	 	 
	
              Section
                2.12

            	
              Payment
                of interest; Defaulted interest

            	
              15

            
	 	 	 
	
              Section
                2.13

            	
              Global
                Securities; Depositary

            	
              16

            
	 	 	 
	
              Section
                2.14

            	
              CUSIP
                Numbers

            	
              17

            
	 
	
              ARTICLE
                III

            
	
              MISCELLANEOUS
                PROVISIONS

            
	 	 	 
	
              Section
                3.1

            	
              Rights
                under Indenture limited to the parties and Holders of Debt
                Securities

            	
              18

            
	 	 	 
	
              Section
                3.2

            	
              Certificate
                of independent accountants conclusive

            	
              18

            
	 	 	 
	
              Section
                3.3

            	
              Treatment
                of Debt Securities owned or held by the Company in determining required
                percentages

            	
              18

            
	 	 	 
	
              Section
                3.4

            	
              Remaining
                provisions not affected by invalidity of any other provisions — required
                provisions of Trust Indenture Act to control

            	
              18

            
	 	 	 
	
              Section
                3.5

            	
              Company
                released from Indenture requirements if entitled to have Indenture
                cancelled

            	
              19

            
	 	 	 
	
              Section
                3.6

            	
              Date
                of execution

            	
              19

            

    

    
      
        
        

      

      
        -i-

        
          

        

      

      
        
        

      

    

    TABLE
      OF CONTENTS

    (continued)

    

    
      	 	 	
              Page

            
	 	 	 
	
              Section
                3.7

            	
              Execution
                of documents furnished under the Indenture

            	
              19

            
	 	 	 
	
              Section
                3.8

            	
              Officers’
                Certificate and Opinions of Counsel to be furnished to
                Trustee

            	
              19

            
	 	 	 
	
              Section
                3.9

            	
              Presentation
                of notices and demands

            	
              20

            
	 	 	 
	
              Section
                3.10

            	
              Successors
                and assigns bound by Indenture

            	
              20

            
	 	 	 
	
              Section
                3.11

            	
              Descriptive
                headings for convenience only

            	
              21

            
	 	 	 
	
              Section
                3.12

            	
              Governing
                Law; Submission to Jurisdiction; Waiver of Jury Trial

            	
              21

            
	 	 	 
	
              Section
                3.13

            	
              Indenture
                may be executed in counterparts

            	
              21

            
	 
	
              ARTICLE
                IV

            
	
              COVENANTS
                OF THE COMPANY

            
	 	 	 
	
              Section
                4.1

            	
              Payment
                of Principal and interest

            	
              22

            
	 	 	 
	
              Section
                4.2

            	
              Maintenance
                of office or agency

            	
              22

            
	 	 	 
	
              Section
                4.3

            	
              Corporate
                existence

            	
              22

            
	 	 	 
	
              Section
                4.4

            	
              Restrictions
                on mergers, sales and consolidations

            	
              22

            
	 	 	 
	
              Section
                4.5

            	
              Further
                assurances

            	
              23

            
	 	 	 
	
              Section
                4.6

            	
              File
                certain reports and information with the Trustee and the Securities
                and
                Exchange Commission — transmit to Holders of Debt Securities summaries of
                certain documents filed with the Trustee - furnish list of Holders
                of Debt
                Securities to the Trustee

            	
              23

            
	 	 	 
	
              Section
                4.7

            	
              File
                statement by officers annually with the Trustee

            	
              24

            
	 	 	 
	
              Section
                4.8

            	
              Duties
                of Paying Agent

            	
              24

            
	 	 	 
	
              Section
                4.9

            	
              Calculation
                of Original Issue Discount

            	
              25

            
	 
	
              ARTICLE
                V

            
	
              REDEMPTION
                OF DEBT SECURITIES; SINKING FUND

            
	 	 	 
	
              Section
                5.1

            	
              Applicability
                of Article

            	
              25

            
	 	 	 
	
              Section
                5.2

            	
              Notice
                of redemption to be given to Trustee — deposit of cash (or other form of
                payment) with Trustee — selection by Trustee of Debt Securities to be
                redeemed

            	
              25

            
	 	 	 
	
              Section
                5.3

            	
              Debt
                Securities called for redemption to become due — rights of Holders of
                redeemed Debt Securities — return of funds on conversion

            	
              27

            
	 	 	 
	
              Section
                5.4

            	
              Credits
                against sinking fund

            	
              27

            
	 	 	 
	
              Section
                5.5

            	
              Redemption
                through sinking fund

            	
              28

            

    

    
      
        
        

      

      
        -ii-

        
          

        

      

      
        
        

      

    

    TABLE
      OF CONTENTS

    (continued)

    

    
      	 	 	
              Page

            
	 	 	 
	
              Section
                5.6

            	
              Debt
                Securities no longer Outstanding after notice to Trustee and deposit
                of
                cash

            	
              29

            
	 	 	 
	
              Section
                5.7

            	
              Conversion
                arrangement on call for redemption

            	
              29

            
	 
	
              ARTICLE
                VI

            
	
              SATISFACTION
                AND DISCHARGE OF INDENTURE

            
	 	 	 
	
              Section
                6.1

            	
              Satisfaction
                and discharge of Indenture with respect to Debt Securities of any
                series

            	
              30

            
	 	 	 
	
              Section
                6.2

            	
              Deposits
                for payment or redemption of Debt Securities to be held in
                trust

            	
              31

            
	 	 	 
	
              Section
                6.3

            	
              Repayment
                of moneys

            	
              31

            
	 
	
              ARTICLE
                VII

            
	
              REMEDIES
                UPON DEFAULT

            
	 	 	 
	
              Section
                7.1

            	
              Events
                of Default defined — acceleration of maturity upon default — waiver of
                default after acceleration

            	
              32

            
	 	 	 
	
              Section
                7.2

            	
              Covenant
                of Company to pay to Trustee whole amount due on default in payment
                of
                Principal or interest — Trustee may recover judgment for whole amount due
                -- application of moneys received by the Trustee

            	
              35

            
	 	 	 
	
              Section
                7.3

            	
              Trustee
                may enforce rights of action without possession of Debt
                Securities

            	
              37

            
	 	 	 
	
              Section
                7.4

            	
              Delays
                or omissions not to impair any rights or powers accruing upon
                default

            	
              37

            
	 	 	 
	
              Section
                7.5

            	
              Holders
                of at least a majority in aggregate Principal Amount of Debt Securities
                of
                any series may direct exercise of remedies

            	
              38

            
	 	 	 
	
              Section
                7.6

            	
              Limitation
                on suits by Holders of Debt Securities

            	
              38

            
	 	 	 
	
              Section
                7.7

            	
              No
                Debt Securities owned or held by, for the account of or for the benefit
                of
                the Company to be deemed Outstanding for purpose of payment or
                distribution

            	
              39

            
	 	 	 
	
              Section
                7.8

            	
              Company
                and Trustee restored to former position on discontinuance or abandonment
                of proceedings

            	
              39

            
	 	 	 
	
              Section
                7.9

            	
              Statement
                by Officers as to Default

            	
              39

            
	 
	
              ARTICLE
                VIII

            
	
              EVIDENCE
                OF ACTION BY HOLDERS OF DEBT SECURITIES

            
	 	 	 
	
              Section
                8.1

            	
              Evidence
                of action by Holders of Debt Securities

            	
              40

            

    

    
      
        
        

      

      
        -iii-

        
          

        

      

      
        
        

      

    

    TABLE
      OF CONTENTS

    (continued)

    

    
      	 	 	
              Page

            
	 
	
              ARTICLE IX

            
	
               IMMUNITY
                OF SHAREHOLDERS, OFFICERS AND DIRECTORS

            
	 	 	 
	
              Section
                9.1

            	
              Immunity
                of stockholders, officers, directors and employees

            	
              41

            
	 
	
              ARTICLE X

            
	
               MERGER,
                CONSOLIDATION, SALE OR LEASE

            
	 	 	 
	
              Section
                10.1

            	
              Documents
                required to be filed with the Trustee upon consolidation, merger,
                sale,
                transfer or lease -- execution of supplemental indentures -- acts
                of
                successor corporation

            	
              41

            
	 	 	 
	
              Section
                10.2

            	
              Trustee
                may rely upon Opinion of Counsel

            	
              42

            
	 
	
              ARTICLE XI

            
	
               CONCERNING
                THE TRUSTEE

            
	 	 	 
	
              Section
                11.1

            	
              Certain
                Duties and Responsibilities

            	
              42

            
	 	 	 
	
              Section
                11.2

            	
              Reimbursement
                and Indemnities

            	
              46

            
	 	 	 
	
              Section
                11.3

            	
              Trustee
                to give Holders of Debt Securities notice of default

            	
              47

            
	 	 	 
	
              Section
                11.4

            	
              Trustee
                acquiring conflicting interest must eliminate it or resign

            	
              47

            
	 	 	 
	
              Section
                11.5

            	
              Eligibility
                of Trustee

            	
              47

            
	 	 	 
	
              Section
                11.6

            	
              Resignation
                or removal of Trustee

            	
              47

            
	 	 	 
	
              Section
                11.7

            	
              Acceptance
                by successor Trustee

            	
              49

            
	 	 	 
	
              Section
                11.8

            	
              Successor
                to Trustee by merger or consolidation, etc

            	
              50

            
	 	 	 
	
              Section
                11.9

            	
              Preferential
                Collection of Claims

            	
              50

            
	 	 	 
	
              Section
                11.10

            	
              Reports
                by Trustee

            	
              51

            
	 	 	 
	
              Section
                11.11

            	
              Preservation
                of information by Trustee – Trustee to give certain information to Holders
                of Debt Securities upon application

            	
              51

            
	 	 	 
	
              Section
                11.12

            	
              Trustee
                may hold Debt Securities and otherwise deal with Company

            	
              51

            
	 	 	 
	
              Section
                11.13

            	
              Trustee
                may comply with any rule, regulation or order of the Securities and
                Exchange Commission

            	
              51

            
	 	 	 
	
              Section
                11.14

            	
              Appointment
                of Authenticating Agent

            	
              52

            
	 
	
              ARTICLE XII

            
	
               SUPPLEMENTAL
                INDENTURES

            
	 	 	 
	
              Section
                12.1

            	
              Company
                and Trustee may enter into supplemental indenture for special
                purposes

            	
              53

            
	 	 	 
	
              Section
                12.2

            	
              Modification
                of Indenture with consent of Holders of Debt Securities

            	
              55

            
	 	 	 
	
              Section
                12.3

            	
              Effect
                of supplemental indentures

            	
              56

            
	 	 	 
	
              Section
                12.4

            	
              Supplemental
                indentures to conform to Trust Indenture Act

            	
              56

            
	 	 	 
	
              Section
                12.5

            	
              Notation
                on or exchange of Debt Securities

            	
              56

            

    

    
      
        
        

      

      
        -iv-

        
          

        

      

      
        
        

      

    

    INDENTURE
      dated as of the [    ] day of [    ],
      200[    ], between HOKU SCIENTIFIC, INC., a Delaware
      corporation (the “Company”) and
      [                ],
      as
      Trustee hereunder (the “Trustee”);

     

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

     

    NOW,
      THEREFORE, THIS INDENTURE WITNESSETH:

     

    THAT,
      in
      consideration of the premises and of the mutual covenants herein contained
      and
      of the purchase and acceptance of the Debt Securities by the Holders thereof,
      and for other valuable consideration the receipt whereof is hereby acknowledged,
      and intending to be legally bound hereby, it is hereby agreed among the Company
      and the Trustee, for the benefit of those who shall hold the Debt Securities,
      as
      follows:

     

    ARTICLE
      I

     

    DEFINITIONS;
      TRUST INDENTURE ACT CONTROLLING

     

    Section
      1.1 Definitions.
      Unless
      otherwise specified or the context otherwise requires, the terms defined in
      this
Article
      I
      shall
      for all purposes of this Indenture and of any indenture supplemental hereto
      have
      the meanings herein specified, the following definitions to be equally
      applicable to both the singular and plural forms of any of the terms herein
      defined. All accounting terms not otherwise defined herein have the meanings
      assigned to them in accordance with generally accepted accounting principles
      in
      the United States of America, and the words “herein”, “hereof” and “hereunder”
and other words of similar import refer to this Indenture as a whole and not
      to
      any particular Article, Section or other subdivision.

     

    “Affiliate”
means
      any Person directly or indirectly controlling, controlled by or under direct
      or
      indirect common control with the Company or any other obligor under this
      Indenture. The term “control” means the possession, directly or indirectly, of
      the power to direct or cause the direction of the management and policies of
      a
      Person, whether through the ownership of voting securities, by contract or
      otherwise; and the terms “controlling” and “controlled” have meanings
      correlative of the foregoing.

     

    “Authenticating
      Agent”
means
      any Person authorized by the Trustee pursuant to Section 11.14 to act on behalf
      of the Trustee to authenticate Debt Securities of one or more
      series.

     

    “Authorized
      Newspaper”
means
      a
      newspaper in the English language or in an official language of the country
      of
      publication, customarily printed on each Business Day, whether or not published
      on Saturdays, Sundays or holidays, and of general circulation in the place
      in
      connection with which the term is used or in the financial community of such
      place. If, because of temporary suspension of publication or general circulation
      of any newspaper or for any other reason, it is impossible or, in the opinion
      of
      the Company, impracticable to make any publication of any notice required by
      this Indenture in the manner herein provided, such publication or other notice
      in lieu thereof which is made at the written direction of the Company by the
      Trustee shall constitute a sufficient publication of such notice. Where
      successive publications are required to be made in Authorized Newspapers, the
      successive publications may be made in the same or in different newspapers
      in
      the same place meeting the foregoing requirements and in each case on any
      Business Day, as directed in writing by the Company.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    “Bankruptcy
      Law”
means
      Title 11, U.S. Code, or any similar federal or state law for the relief of
      debtors.

     

    “Board”
or
      “Board
      of Directors”
means
      the Board of Directors (or similar governing body) of the Company or (i) the
      Executive Committee, if any, thereof, (ii) any other committee of such Board
      duly authorized to act hereunder, or (iii) any Officers of the Company duly
      authorized by such Board or by any duly authorized committee of such Board
      to
      act hereunder.

     

    “Business
      Day”
means,
      with respect to any series of Debt Securities, a day that, in the city (or
      in
      any of the cities, if more than one) in which amounts are payable, as specified
      in the terms of such Debt Securities, is not a day upon which banking
      institutions are authorized or required by law or regulation, or by executive
      order issued by a governmental authority or agency regulating such banking
      institutions, to close.

     

    “Capital
      Stock”
means
      any and all shares, interests, participations or other equivalents (however
      designated and whether or not voting) of corporate stock, including each class
      of Common Shares and Preferred Stock of the Company, and all options, warrants
      or other rights to purchase or acquire any of the foregoing.

     

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

     

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

     

    “Common
      Shares”
means
      any and all shares, interests or other participations in, and other equivalents
      (however designated and whether voting or non-voting) of the Company’s common
      stock, whether outstanding on any issue date of any Debt Securities or issued
      thereafter, and includes without limitation, all series and classes of such
      common stock including the common stock, par value $0.001 per share, of the
      Company.

     

    “Company”
shall
      have the meaning set forth in the pre-amble hereof and, subject to the
      provisions of Article
      X,
      shall
      include such entity’s successors and assigns.

     

    “Company
      Order”
means
      a
      written order signed in the name of the Company by not less than two Officers
      of
      the Company and delivered to the Trustee.

     

    “Debt
      Security”
shall
      mean one of the debentures, notes or other evidences of indebtedness that are
      issued from time to time in one or more series under this Indenture and, more
      particularly, any series of Debt Securities authenticated and delivered under
      this Indenture.

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

    “Holders”,
      “Holders
      of Debt Securities”
or
      other similar term shall mean any person who shall at the time be the registered
      holder of any Debt Security or Debt Securities as shown by the register or
      registers kept by the Company or its agent for that purpose in accordance with
      the terms of this Indenture.

     

    “Depositary”
has
      the
      meaning specified in Section 2.13.

     

    “Event
      of Default”
shall
      mean an event listed in Section 7.1, continued for the period of time, if any,
      and after the required notices, if any, therein designated.

     

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

     

    “Global
      Security”
has
      the
      meaning specified in Section 2.13.

     

    “Indenture”
means
      this instrument as originally executed or, if amended or supplemented as herein
      provided, as so amended or supplemented and, unless the context otherwise
      indicates, shall include the form and terms of each particular series of Debt
      Securities established as contemplated hereunder.

     

    “Officer”
means
      (a) with respect to any Person that is a corporation, the Chief Executive
      Officer, the President, the Chief Operating Officer, the Chief Financial
      Officer, the Treasurer, the Controller, the Secretary or any Vice-President
      of
      such Person and (b) with respect to any other Person, the individuals selected
      by such Person to perform functions similar to those of the officers listed
      in
      clause (a).

     

    “Officers’
      Certificate”
means
      a
      certificate signed on behalf of the Company by not less than two Officers of
      the
      Company, one of whom must be the Chief Executive Officer, the Chief Financial
      Officer or the principal accounting officer of the Company, and delivered to
      the
      Trustee. Each such certificate shall include the statements provided for in
      Section 3.8, if and to the extent required by the provisions
      thereof.

     

    “Opinion
      of Counsel”
means
      an opinion in writing signed by legal counsel (who may be an employee of or
      counsel to the Company or a subsidiary of the Company) acceptable in form and
      substance to the Trustee and delivered to the Trustee. Such opinion shall
      include the statements provided for in Section 3.8, if and to the extent
      required by the provisions thereof.

     

    “Original
      Issue Discount”
with
      respect to any Debt Security, including an Original Issue Discount Security,
      has
      the same meaning as set forth in Section 1273 of the Code, or any successor
      provision, and the applicable Treasury Regulations thereunder.

     

    “Original
      Issue Discount Security”
means
      any series of a Debt Security, including a series of a Debt Security that
      provides for an amount less than the principal amount thereof to be due and
      payable upon a declaration of acceleration of the Maturity thereof pursuant
      to
      Section 7.1.

    
      
        
        

      

      
        -
          3
          -

        
          

        

      

      
        
        

      

    

    “Outstanding,”
when
      used with respect to the Debt Securities, shall, subject to Section 3.3, mean,
      as of the date of determination, all Debt Securities theretofore authenticated
      and delivered under this Indenture, except: 

     

    (a) Debt
      Securities for the payment or redemption of which cash (or other form of payment
      if permitted by the terms of such Debt Securities) in the necessary amount
      shall
      have been deposited in trust with the Trustee or any paying agent (other than
      the Company) provided that, if such Debt Securities are to be redeemed prior
      to
      the maturity thereof, notice of such redemption shall have been duly given
      or
      provision satisfactory to the Trustee shall have been made for giving such
      notice; 

     

    (b)
      Debt
      Securities converted or exchanged into Capital Stock in accordance with the
      provisions of such Debt Securities or the resolution of the Board of Directors
      or the indenture supplement pursuant to which such Debt Securities were issued,
      if the terms of such Debt Securities provide for convertibility or
      exchangeability pursuant to Section 2.2;

     

    (c)
      Debt
      Securities paid or in lieu of or in substitution for which other Debt Securities
      shall have been authenticated and delivered pursuant to the terms of Section
      2.9, unless proof satisfactory to the Trustee is presented that any such Debt
      Securities are held by persons in whose hands such Debt Securities are valid,
      binding and legal obligations; and 

     

    (d)
      Debt
      Securities which have been cancelled by the Trustee or delivered to the Trustee
      or its designee for cancellation.

     

    “Paying
      Agent”
means
      any person authorized by the Company to pay the Principal of, premium, if any,
      make-whole amount, if any and interest on any Debt Securities.

     

    “Person”
means
      an individual, partnership, corporation, company (including limited liability
      company), unincorporated organization, trust or joint venture, or a government
      or agency or political subdivision thereof or any other entity.

     

    “Preferred
      Stock”
means
      any Capital Stock that has preferential rights to any other Capital Stock with
      respect to dividends or redemptions or upon liquidation.

     

    “Principal”
of
      a
      debt security, including any series of Debt Securities, on any day and for
      any
      purpose means the amount (including, without limitation, in the case of an
      Original Issue Discount Security, any accrued Original Issue Discount, but
      excluding interest) that is payable with respect to such debt security as of
      such date and for such purpose (including, without limitation, in connection
      with any sinking fund, upon any redemption at the option of the Company upon
      any
      purchase or exchange at the option of the Company or the Holder of such debt
      security and upon any acceleration of the maturity of such debt
      security).

    
      
        
        

      

      
        -
          4
          -

        
          

        

      

      
        
        

      

    

    “Principal
      Amount”
of
      a
      debt security, including any series of Debt Securities, means the principal
      amount as set forth on the face of such debt security.

     

    “Responsible
      Officer,”
when
      used with respect to the Trustee, means any officer within the corporate trust
      department of the Trustee, including any vice president, assistant vice
      president, assistant secretary, assistant treasurer, trust officer or any other
      officer of the Trustee who customarily performs functions similar to those
      performed by the Persons who at the time shall be such officers, respectively,
      or to whom any corporate trust matter is referred because of such person’s
      knowledge of and familiarity with the particular subject and who shall have
      direct responsibility for the administration of this Indenture.

     

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

     

    “Significant
      Subsidiary”
means
      any subsidiary of the Company that satisfies the criteria for a “significant
      subsidiary” set forth in Rule 1-02(w) of Regulation S-X under the Exchange
      Act.

     

    “Trust
      Indenture Act”
means
      the Trust Indenture Act of 1939, as amended.

     

    “Trustee”
shall
      mean the trustee or trustees hereunder for the time being, whether original
      or
      successor. 

     

    “Trustee”
as
      used
      with respect to the Debt Securities of any series shall mean the Trustee with
      respect to Debt Securities of such series. The term “principal office” of the
      Trustee shall mean the principal office of the Trustee at which, at any
      particular time, the corporate trust business of the Trustee shall be
      administered, which office as of the date hereof is at [ ]; Attention: [
      ].

     

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

     

    Section
      1.2 Trust
      Indenture Act definitions controlling.
      All
      terms
      used in this Indenture which are defined in the Trust Indenture Act, or which
      are by reference therein defined in the Securities Act (except as herein
      otherwise expressly provided or unless the context otherwise requires) shall
      have the meanings assigned to such terms in such Trust Indenture Act and such
      Securities Act as they were respectively in force at the date of this Indenture,
      except as otherwise provided in Section 12.3.

    
      
        
        

      

      
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    ARTICLE
      II

     

    FORM,
      ISSUE AND REGISTRATION OF DEBT SECURITIES

     

    Section
      2.1 Forms
      generally and dating.
      The
      Debt Securities of each series shall be in the form or forms (including
      temporary or permanent global form) established from time to time by or pursuant
      to a resolution of the Board of Directors or in one or more supplemental
      indentures, which shall set forth the information required by Section 2.2.
      The
      Debt Securities and the Trustee’s certificate of authentication shall have such
      appropriate insertions, omissions, substitutions and other variations as are
      required or permitted by this Indenture or by a resolution of the Board of
      Directors and may have such notations, legends or endorsements as the Company
      may deem appropriate and as are not inconsistent with the provisions of this
      Indenture or as may be required by law, stock exchange rule or usage. The
      Company shall approve and provide the form of the Debt Securities and any
      notation, legend or endorsement thereon. If the form of Debt Securities of
      any
      series is established by action taken pursuant to a resolution of the Board
      of
      Directors, a Certified Resolution shall be delivered to the Trustee at or prior
      to the delivery of the Company Order contemplated by Section 2.5 for the
      authentication and delivery of such Debt Securities.

     

    Each
      Debt
      Security shall be dated the date of its authentication. The form of the
      Trustee’s certificate of authentication to be borne by the Debt Securities shall
      be substantially as follows:

     

    [FORM
      OF
      TRUSTEE’S CERTIFICATE OF AUTHENTICATION]

     

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

     

    
      	 	
              [                                                            ],
                as Trustee

            
	
              Dated:

            	 	 
	 	       

	 	
              By:

            	
              Authorized
                Signatory

            

    

     

    Section
      2.2 Amount
      unlimited; Issuable in series.
      The
      aggregate Principal Amount of the Debt Securities which may be authenticated
      and
      delivered under this Indenture is unlimited. The Debt Securities may be issued
      in one or more series. There shall be established in or pursuant to one or
      more
      resolutions of the Board of Directors, or established in or pursuant to one
      or
      more indentures supplemental hereto, prior to the issuance of the Debt
      Securities of any series:

     

    (1) the
      title
      and designation of the Debt Securities of the series (which shall distinguish
      Debt Securities of the series from Debt Securities of any other series)
      including whether the Debt Securities of the series shall be issued as senior
      Debt Securities, senior subordinated Debt Securities or subordinated Debt
      Securities, any subordination provisions particular to such series of Debt
      Securities, and whether such Debt Securities are convertible and/or exchangeable
      for other securities;

    
      
        
        

      

      
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    (2) the
      aggregate Principal Amount of the Debt Securities of the series and any limit
      upon the aggregate Principal Amount of the Debt Securities of the series which
      may be authenticated and delivered under this Indenture (except for the Debt
      Securities authenticated and delivered upon registration of transfer of, or
      in
      exchange for, or in lieu of, other Debt Securities of the series pursuant to
      Section 2.6, 2.8, 2.9, 2.10, 2.11, 5.2 or 12.5) and except for any Debt
      Securities that, pursuant to Section 2.4, are deemed not to have been
      authenticated and delivered hereunder;

     

    (3) the
      date
      or dates (whether fixed or extendable) on which the Principal of the Debt
      Securities of the series is payable or the method of determination
      thereof;

     

    (4) the
      rate
      or rates (which may be fixed, floating or adjustable) at which the Debt
      Securities of the series shall bear interest, if any, the method of calculating
      such rates, the date or dates from which such interest shall accrue or the
      manner of determining such dates, the interest payment dates on which such
      interest shall be payable and the record dates for the determination of Holders
      of Debt Securities to whom interest is payable, and the basis upon which
      interest shall be calculated if other than that of a 360-day year consisting
      of
      twelve 30-day months;

     

    (5) the
      place
      or places where the Principal of and premium, if any, make-whole amount, if
      any,
      and interest on the Debt Securities of the series, if any, shall be payable,
      where the Holders of the Debt Securities may surrender Debt Securities for
      conversion, transfer or exchange, and where notices or demands to or upon the
      Company in respect of the Debt Securities and this Indenture may be
      served;

     

    (6) any
      provisions relating to the issuance of the Debt Securities of the series at
      an
      Original Issue Discount;

     

    (7) the
      price
      or prices at which, the period or periods within which and the terms and
      conditions upon which the Debt Securities of the series may be redeemed, in
      whole or in part, at the option of the Company, pursuant to any sinking fund
      or
      otherwise (including, without limitation, the form or method of payment thereof
      if other than in cash);

     

    (8) the
      obligation, if any, of the Company to redeem, purchase or repay the Debt
      Securities of the series pursuant to any mandatory redemption, sinking fund
      or
      analogous provisions or at the option of a Holder of Debt Securities thereof
      and
      the price or prices at which and the period or periods within which and the
      terms and conditions upon which the Debt Securities of the series shall be
      redeemed, purchased or repaid, in whole or in part, pursuant to such obligation
      (including, without limitation, the form or method of payment thereof if other
      than in cash), and any provisions for the remarketing of such Debt
      Securities;

    
      
        
        

      

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

     

    (10) if
      other
      than the Principal Amount thereof, the portion of the Principal Amount of the
      Debt Securities of the series which shall be payable upon declaration of
      acceleration of the maturity thereof pursuant to Section 7.1 or provable in
      bankruptcy pursuant to Section 7.2, or, if applicable, which is convertible
      or
      exchangeable in accordance with the provisions of such Debt Securities or the
      resolution of the Board of Directors or the supplemental indenture pursuant
      to
      which such Debt Securities are issued;

     

    (11) any
      Events of Default with respect to the Debt Securities of a particular series,
      in
      lieu of or in addition to those set forth herein and the remedies
      therefor;

     

    (12) the
      obligations, if any, of the Company to permit the conversion or exchange of
      the
      Debt Securities of such series into Common Shares or other Capital Stock or
      property, or combination thereof, and the terms and conditions upon which such
      conversion shall be effected (including, without limitation, the initial
      conversion or exchange price or rate, the conversion or exchange period, the
      provisions for conversion or exchange price or rate adjustments and any other
      provision relative to such obligation) and any limitations on the ownership
      or
      transferability of the securities or property into which Holders of such Debt
      Securities may convert or exchange such Debt Securities;

     

    (13) any
      trustees, authenticating or paying agents, transfer agents or registrars or
      any
      other agents with respect to the Debt Securities of such series;

     

    (14) the
      currency or currency units, including composite currencies, in which the Debt
      Securities of the series shall be denominated if other than the currency of
      the
      United States of America, and, if so, whether the Debt Securities of the series
      may be satisfied and discharged other than as provided in Article
      VI;

     

    (15) if
      other
      than the currency or currency units in which the Debt Securities of that series
      are denominated, the coin or currency in which payment of the Principal of,
      premium, if any, make-whole amount, if any, or interest on the Debt Securities
      of such series shall be payable (and the manner in which the equivalent of
      the
      Principal Amount thereof in the currency of the United States of America is
      to
      be determined for any purpose, including for the determination of the Principal
      Amount outstanding);

     

    (16) if
      the
      Principal of, premium, if any, make-whole amount, if any, or interest on the
      Debt Securities of the series is to be payable, at the election of the Company
      or a Holder of Debt Securities thereof, in a coin or currency other than that
      in
      which the Debt Securities are denominated or stated, the period or periods
      within which, and the terms and conditions upon which, such election may be
      made
      and the time and manner of, and identity of the exchange rate agent with
      responsibility for, determining the exchange rate between the currency or
      currencies in which the Debt Securities are denominated or stated to be payable
      and the currency or currencies in which the Debt Securities will be
      payable;

    
      
        
        

      

      
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    (17) if
      the
      amount of payments of Principal of, premium, if any, make-whole amount, if
      any,
      and interest on the Debt Securities of the series may be determined with
      reference to an index, the manner in which such amounts shall be
      determined;

     

    (18) whether
      and under what circumstances the Company will pay additional amounts on the
      Debt
      Securities of the series held by a person who is not a United States of America
      Person in respect of any tax, assessment or governmental charge withheld or
      deducted and, if so, whether the Company will have the option to redeem such
      Debt Securities rather than pay such additional amounts;

     

    (19) if
      receipt of certain certificates or other documents or satisfaction of other
      conditions will be necessary for any purpose, including, without limitation,
      as
      a condition to the issuance of the Debt Securities of such series in definitive
      form (whether upon original issue or upon exchange of a temporary Debt Security
      of such series), the form and terms of such certificates, documents or
      conditions;

     

    (20) any
      other
      affirmative or negative covenants with respect to the Debt Securities of such
      series;

     

    (21) whether
      the Debt Securities of such series shall be issued in whole or in part in the
      form of one or more Global Securities and in such case, (i) the Depositary
      for
      such Global Securities or Debt Securities, which Depositary must be a clearing
      agency registered under the Exchange Act, (ii) the circumstances under which
      any
      such Global Security may be exchanged for Debt Securities registered in the
      name
      of, and under which any transfer of such Global Securities may be registered
      in
      the name of, any Person other than such Depositary or its nominee, if other
      than
      as set forth in Section 2.13 and (iii) any other provisions regarding such
      Global Securities which provisions may be in addition to or in lieu of, in
      whole
      or in part, the provisions of Section 2.13;

     

    (22) whether
      the Debt Securities are defeasible; and 

     

    (23) any
      other
      terms of a particular series and any other provisions expressing or referring
      to
      the terms and conditions upon which the Debt Securities of the series are to
      be
      issued under the Indenture, which terms and provisions are not in conflict
      with
      the provisions of this Indenture; provided, however,
      that
      the addition to or subtraction from or variation of Articles
      IV,
      V,
      VI,
      VII,
      and
X
      (and
      Section 1.1, insofar as it relates to the definition of certain terms as used
      in
      such Articles) with regard to the Debt Securities of a particular series shall
      not be deemed to constitute a conflict with the provisions of those
      Articles.

     

    All
      Debt
      Securities of any one series shall be substantially identical except as to
      denomination and except as may otherwise be provided in or pursuant to such
      resolution of the Board of Directors or in any such indenture supplemental
      hereto. Not all Debt Securities of any one series need be issued at the same
      time, and, unless otherwise so provided, a series may be reopened for issuances
      of additional Debt Securities of such series.

    
      
        
        

      

      
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    If
      any of
      the terms of the Debt Securities of a series are established by action taken
      pursuant to a resolution of the Board of Directors, a Certified Resolution
      and
      delivered to the Trustee with an Officers’ Certificate setting forth the terms
      of the Debt Securities of such series. With respect to Debt Securities of a
      series which are not to be issued at one time, such resolution of the Board
      of
      Directors or action may provide general terms or parameters for Debt Securities
      of the series and provide either that the specific terms of particular Debt
      Securities of the series shall be specified in a Company Order or that such
      terms shall be determined by the Company or its agents in accordance with a
      Company Order as contemplated by the proviso clause of Section 2.5.

     

    Section
      2.3 Denominations.
      The
      Debt Securities of each series shall be registered Debt Securities without
      coupons, in such denominations as shall be specified as contemplated by Section
      2.2. In the absence of any such provisions with respect to the Debt Securities
      of any series, the Debt Securities of such series shall be issuable in
      denominations of $1,000 or of any integral multiple of $1,000.

     

    Section
      2.4 Execution
      of Debt Securities; Authentication.
      The
      Debt Securities shall be executed on behalf of the Company by two Officers
      of
      the Company, whose signatures may be manual or by facsimile. In case any Officer
      of the Company who shall have signed any of the Debt Securities shall cease
      to
      be such Officer before the Debt Securities so signed shall actually have been
      authenticated and delivered by the Trustee or the Authenticating Agent or
      disposed of by the Company, such Debt Securities nevertheless may be
      authenticated, issued and delivered or disposed of with the same force and
      effect as though the person or persons who signed such Debt Securities had
      not
      ceased to be such officer of the Company; and any such Debt Security may be
      signed on behalf of the Company by such persons, as at the actual date of the
      execution of such Debt Security, shall be the proper Officers of the Company,
      although at the date of such Debt Security or the date of execution of this
      Indenture any such person was not such Officer.

     

    No
      Debt
      Security of any series shall be entitled to the benefits hereof or shall be
      or
      become valid or obligatory for any purpose unless there shall appear on the
      Debt
      Security a certificate of authentication, substantially in the form hereinbefore
      recited, manually executed by the Trustee for such series or an Authenticating
      Agent; and such certificate on any series of Debt Securities issued by the
      Company shall be conclusive evidence that it has been duly authenticated and
      delivered hereunder.

     

    Notwithstanding
      the foregoing, if any series of Debt Securities shall have been duly
      authenticated and delivered hereunder but never issued and sold by the Company,
      and the Company shall deliver such Debt Security to the Trustee or its designee
      for cancellation as provided in Section 2.11 together with a written statement
      (which need not be accompanied by an Opinion of Counsel) stating that such
      Debt
      Security has not been issued and sold by the Company, for all purposes of this
      Indenture such Debt Security shall be deemed not to have been authenticated
      and
      delivered hereunder and shall not be entitled to the benefits of this
      Indenture.

    
      
        
        

      

      
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    If
      the
      form or forms or terms of the Debt Securities of any series have been
      established in or pursuant to one or more resolutions of the Board of Directors
      or indentures supplemental hereto as permitted by Sections 2.1 and 2.2, in
      authenticating such Debt Securities, and accepting the additional
      responsibilities under this Indenture in relation to such Debt Securities,
      the
      Trustee and the Authenticating Agent shall be entitled to receive, and (subject
      to Section 11.2) shall be fully protected in conclusively relying upon, a
      Certified Resolution or Resolutions delivered to the Trustee and the
      Authenticating Agent to have been duly adopted by the Board of Directors of
      the
      Company, and to be in full force and effect on the date of such certification,
      and an Opinion of Counsel stating:

     

    (1) if
      the
      form or forms of such Debt Securities have been established by or pursuant
      to a
      resolution of the Board of Directors or indenture supplemental hereto, that
      such
      form or forms have been established in conformity with the provisions of this
      Indenture;

     

    (2) if
      the
      terms of such Debt Securities have been established by or pursuant to a
      resolution of the Board of Directors or indenture supplemental hereto, that
      such
      terms have been established in conformity with the provisions of this
      Indenture;

     

    (3) that
      such
      Debt Securities, when authenticated and delivered by the Trustee or an
      Authenticating Agent and issued by the Company in the manner and subject to
      any
      conditions specified in such Opinion of Counsel, will constitute valid and
      binding obligations of the Company, enforceable in accordance with their terms,
      subject to bankruptcy, insolvency, fraudulent conveyance, reorganization and
      other laws of general applicability relating to or affecting the enforcement
      of
      creditors’ rights and to general equity principles (or such other similar
      matters as in the opinion of such counsel shall not materially adversely affect
      such enforceability); and

     

    (4) that
      the
      issuance and authentication of such Debt Securities to be issued will not
      violate, result in a breach or constitute a default or, with the giving of
      notice or the passage of time or both, would not constitute a default, under
      the
      articles of incorporation or code of regulations of the Company or result in
      such a default or violation; provided,
      however,
      that,
      with respect to Debt Securities of a series which are not to be issued at one
      time, the Trustee and the Authenticating Agent shall be entitled to receive
      such
      Opinion of Counsel only once at or prior to the time of the first authentication
      of Debt Securities of such series and that the opinions described in clauses
      (2)
      and (3) above may state, respectively, 

     

    (a) that,
      when the terms of such Debt Securities shall have been established pursuant
      to a
      Company Order or pursuant to such procedures as may be specified from time
      to
      time by a Company Order, all as contemplated by and in accordance with a
      resolution of the Board of Directors or an Officers’ Certificate pursuant to a
      resolution of the Board of Directors or supplemental indenture, as the case
      may
      be, such terms will have been established in conformity with the provisions
      of
      this Indenture; and 

    
      
        
        

      

      
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          11
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    (b) that
      such
      Debt Securities, when (i) executed by the Company, (ii) completed,
      authenticated and delivered by the Trustee or Authenticating Agent in accordance
      with this Indenture, (iii) issued and delivered by the Company and (iv) paid
      for, all as contemplated by and in accordance with the aforesaid Company Order
      or specified procedures, as the case may be, will constitute valid and binding
      obligations of the Company, enforceable in accordance with their terms, subject
      to bankruptcy, insolvency, fraudulent conveyance, reorganization and other
      laws
      or general applicability relating to or affecting the enforcement of creditors’
rights and to general equitable principles (or such other similar matters as
      in
      the opinion of such counsel shall not materially adversely affect such
      enforceability).

     

    Notwithstanding
      the provisions of Sections 2.1, 2.2, 3.8 and this Section, if all the Debt
      Securities of a series are not to be originally issued at one time, the
      resolution of the Board of Directors or supplemental indenture, the Certified
      Resolution or supplemental indenture, the Officers’ Certificate, the Company
      Order and any other documents otherwise required pursuant to such Sections
      need
      not be delivered at or prior to the time of authentication of each Debt Security
      of such series if such documents are delivered at or prior to the authentication
      upon original issuance of the first Debt Security of such series to be issued;
      provided,
      however,
      that
      any subsequent request by the Company to the Trustee or the Authenticating
      Agent
      to authenticate Debt Securities of such series shall constitute a representation
      and warranty by the Company that, as of the date of such request, the statements
      made in the Officers’ Certificate delivered pursuant to Section 3.8 at or prior
      to authentication of the first such Debt Security shall be true and correct
      on
      the date thereof as if made on and as of the date thereof.

     

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

     

    With
      respect to Debt Securities of a series which are not all issued at one time,
      the
      Trustee and the Authenticating Agent may conclusively rely, as to the
      authorization by the Company of any such Debt Securities, the form and terms
      thereof and the legality, validity, binding effect and enforceability thereof,
      upon the Opinion of Counsel, Officers’ Certificate and other documents delivered
      pursuant to Sections 2.1, 2.2, 3.8 and this Section, as applicable, at or prior
      to the time of the first authentication of Debt Securities of such series unless
      and until such opinion, certificate or other documents have been superseded
      or
      revoked in a writing delivered to the Trustee.

     

    In
      connection with the authentication and delivery of Debt Securities of a series
      which are not all issued at one time, the Trustee and the Authenticating Agent
      shall be entitled to assume that the Company’s instructions to authenticate and
      deliver such Debt Securities do not violate any rules, regulations or orders
      of
      any governmental agency or commission having jurisdiction over the
      Company.

    
      
        
        

      

      
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    Section
      2.5 Issue
      of Debt Securities.
      The
      Trustee and the Authenticating Agent, forthwith upon the execution and delivery
      of this Indenture and from time to time thereafter, upon the execution and
      delivery to it of Debt Securities of any series by the Company as herein
      provided, and without any further action on the part of the Company, shall
      authenticate such Debt Securities up to a maximum amount, if any, designated
      for
      such series pursuant to Section 2.2 and deliver them to or upon the receipt
      of a
      Company Order; provided,
      however,
      that if
      not all the Debt Securities of a series are to be issued at one time and if
      the
      resolution of the Board of Directors or indenture supplemental hereto
      establishing such series as contemplated by Sections 2.1 and 2.2 shall so
      permit, such Company Order may set forth procedures acceptable to the Trustee
      for the issuance of such Debt Securities and for determining the form or forms
      or terms of particular Debt Securities of such series including, but not limited
      to, interest rate, if any, maturity date, date of issuance and date from which
      interest, if any, shall accrue.

     

    Section
      2.6 Transfer
      of Debt Securities.
      The
      transfer of any series of Debt Securities may be registered by the registered
      owner thereof, in person or by his attorney duly authorized in writing, at
      the
      office or agency of the Company to be maintained by it as provided in Section
      4.2, by delivering such Debt Security for cancellation, accompanied by delivery
      of a duly executed instrument of transfer, in form approved by the Company
      and
      satisfactory to the Trustee or its designee, and thereupon the Company shall
      execute in the name of the transferee or transferees, and the Trustee or the
      Authenticating Agent shall authenticate and deliver, a new Debt Security or
      Debt
      Securities of the same series and of like form for the same aggregate Principal
      Amount.

     

    Section
      2.7 Persons
      deemed owners of Debt Securities.
      Prior
      to due presentation of any series of Debt Securities for registration of
      transfer, the person in whose name a Debt Security of any series shall be
      registered, on books kept for such purpose in accordance with Section 4.2,
      shall
      be deemed the absolute owner thereof for all purposes of this Indenture, whether
      or not such Debt Security is overdue, and neither the Company, the Trustee
      nor
      any Paying Agent or conversion agent nor any series of Debt Securities registrar
      shall be affected by notice to the contrary. Subject to the provisions of
      Section 2.12, payment of or on account of the Principal, premium, if any,
      make-whole amount, if any, and interest shall be made only to or upon the order
      in writing of such registered owner thereof, but such registration may be
      changed as above provided. All such payments shall be valid and effectual to
      satisfy and discharge the liability upon such Debt Security to the extent of
      the
      sum or sums so paid.

     

    Section
      2.8 Provisions
      for Debt Securities in temporary form.
      Until
      Debt Securities of any series in definitive form are ready for delivery, the
      Company may execute and, upon receipt of a Company Order, the Trustee or the
      Authenticating Agent shall authenticate and deliver, in lieu thereof and subject
      to the same conditions, one or more printed Debt Securities in temporary form,
      substantially of the tenor of Debt Securities of the same series, without a
      recital of specific redemption prices and with such other appropriate omissions,
      variations and insertions, all as may be determined by the Board of Directors.
      Until exchanged for Debt Securities of the same series in definitive form,
      such
      Debt Securities in temporary form shall be entitled to the benefits of this
      Indenture. The Company shall, without unreasonable delay after the issue of
      Debt
      Securities in temporary form, prepare, execute and deliver definitive Debt
      Securities of the same series to the Trustee, and upon the presentation and
      surrender of Debt Securities in temporary form, the Trustee or the
      Authenticating Agent shall authenticate and deliver, in exchange therefor,
      Debt
      Securities of the same series in definitive form for the same aggregate
      Principal Amount as the Debt Securities in temporary form surrendered. Such
      exchange shall be made by the Company at its own expense and without any charge
      therefor.

    
      
        
        

      

      
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    Section
      2.9 Mutilated,
      destroyed, lost or stolen Debt Securities.
      Upon
      receipt by the Company, the Trustee and the Authenticating Agent of evidence
      satisfactory to them that any Debt Security of any series has been mutilated,
      destroyed, lost or stolen, and upon receipt of indemnity (and in case of a
      destroyed, lost or stolen Debt Security, proof of ownership) satisfactory to
      them, the Company shall, in the case of a mutilated Debt Security, and may
      in
      the case of a lost, stolen or destroyed Debt Security, execute, and thereupon
      the Trustee or the Authenticating Agent shall authenticate and deliver, a new
      Debt Security of the same series of like tenor bearing a serial number not
      contemporaneously outstanding (bearing such notation, if any, as may be required
      by the rules of any stock exchange upon which the Debt Securities of the same
      series are listed or are to be listed), in exchange and substitution for, and
      upon surrender and cancellation of, the mutilated Debt Security, or in lieu
      of
      and in substitution for the Debt Security so destroyed, lost or stolen; or,
      if
      any mutilated, destroyed, lost or stolen Debt Security of any series shall
      have
      matured or be about to mature, instead of issuing a new Debt Security, the
      Company, upon written notice to the Trustee or the Authenticating Agent, may
      pay
      the same without surrender of the destroyed, lost or stolen Debt Security.
      The
      Company may require payment of the expenses which may be incurred by the Company
      or any agent thereof and the charges and expenses of the Trustee and the
      Authenticating Agent in the premises. Any series of Debt Securities issued
      under
      the provisions, of this Section 2.9 in lieu of any series of Debt Securities
      alleged to have been destroyed, lost or stolen, shall constitute an additional
      contractual obligation of the Company, whether or not the Debt Security alleged
      to have been destroyed, lost or stolen shall be found at any time, and shall
      be
      equally and proportionately entitled to the benefits of this Indenture with
      all
      other Debt Securities of the same series issued under this
      Indenture.

     

    All
      Debt
      Securities shall be held and owned upon the express condition that the foregoing
      provisions are exclusive with respect to the replacement or payment of
      mutilated, destroyed, lost or stolen Debt Securities, and shall preclude, to
      the
      extent lawful, any and all other rights or remedies, notwithstanding any law
      or
      statute existing or hereafter enacted to the contrary with respect to the
      replacement or payment of negotiable instruments or other securities without
      their surrender. 

     

    Section
      2.10 Exchanges
      of Debt Securities.
      Debt
      Securities of any series may, upon surrender thereof as hereinafter provided
      in
      this Section 2.10, be exchanged for one or more Debt Securities of the same
      series of the same aggregate Principal Amount, in authorized denominations.
      The
      Debt Securities to be exchanged shall be surrendered at the office or agency
      of
      the Company to be maintained by it as provided in Section 4.2, accompanied
      by
      duly executed instruments of transfer in a form acceptable to the Company,
      the
      Trustee and the registrar, and the Company shall execute and the Trustee or
      the
      Authenticating Agent shall authenticate and deliver, in exchange therefor,
      the
      Debt Security or Debt Securities of the same series, bearing numbers not
      contemporaneously outstanding, which the Holder of Debt Securities making the
      exchange shall be entitled to receive. Every exchange of Debt Securities of
      any
      series shall be effected in such manner as may be prescribed by the Company
      with
      the approval of the Trustee and registrar, and as may be necessary to comply
      with the regulations of any stock exchange upon which Debt Securities of such
      series are listed or are to be listed or to conform to usage in respect
      thereof.

    
      
        
        

      

      
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          14
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    Upon
      every exchange or registration of transfer of Debt Securities, no service charge
      shall be made but the Company may require the payment of any taxes or other
      governmental charges required to be paid with respect to such exchange or
      registration, as a condition precedent to the exercise of the privilege of
      such
      exchange or registration.

     

    All
      Debt
      Securities executed, authenticated and delivered in exchange or upon
      registration of transfer shall be the valid obligations of the Company,
      evidencing the same debt as the Debt Securities surrendered, and shall be
      entitled to the benefits of this Indenture to the same extent as the Debt
      Securities in exchange for which they were authenticated and
      delivered.

     

    The
      Company shall not be required to make exchanges or registrations of transfer
      under any provision of this Article
      II
      of:

     

    (a) the
      Debt
      Securities of any series for the period of 15 days next preceding the date
      of
      any designation of Debt Securities of such series to be redeemed, as provided
      in
Article
      V,
      or

     

    (b) any
      series of Debt Securities or portion thereof called or to be called for
      redemption.

     

    Section
      2.11 Cancellation
      of surrendered Debt Securities.
      All
      Debt Securities of any series surrendered for the purpose of payment, exchange,
      conversion or cancellation (including Debt Securities authenticated which the
      Company has not issued and sold) shall, if surrendered to the Company or any
      Paying Agent or conversion agent, be delivered to the Trustee or its designee
      and cancelled by it, or, if surrendered to the Trustee or its designee, shall
      be
      cancelled by it, and no Debt Securities shall be issued in lieu thereof except
      as expressly permitted by any of the provisions of this Indenture or as
      otherwise provided in the resolution of the Board of Directors or indenture
      supplemental hereto establishing such series as contemplated by Section 2.2.
      All
      Debt Securities of any series surrendered for the purpose of redemption or
      credit against any sinking fund shall similarly be delivered to the Trustee
      or
      its designee for cancellation, and no Debt Securities shall be issued in lieu
      thereof except Debt Securities of the same series in the case of redemption
      of a
      Debt Security in part only. If the Company shall acquire any of the Debt
      Securities, such acquisition shall not operate as a redemption or satisfaction
      of the indebtedness represented by such Debt Securities unless and until the
      same are delivered to the Trustee or its designee for cancellation. Unless
      otherwise directed in writing by the Company, the Trustee or its designee shall
      dispose of cancelled Debt Securities in accordance with its customary
      procedures.

     

    Section
      2.12 Payment
      of interest; Defaulted interest.
      Interest (except defaulted interest) on the Debt Securities of any series which
      is payable on any interest payment date shall be paid to the persons who are
      Holders of Debt Securities of such series at the close of business on the record
      date specified for that purpose as contemplated by Section 2.2. At the option
      of
      the Company, payment of interest on any series of Debt Securities may be made
      by
      check mailed to the holder’s registered address.

    
      
        
        

      

      
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          15
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    If
      the
      Company defaults in a payment of interest on the Debt Securities of any series,
      it shall pay the defaulted interest to the persons who are Holders of Debt
      Securities of such series at the close of business on a subsequent special
      record date. The Company shall fix the record date (which shall be not less
      than
      five Business Days prior to the date of payment of such defaulted interest)
      and
      payment date. At least 15 days before the record date, the Company shall mail
      to
      each Holder of Debt Securities of such series a notice that states the record
      date, the payment date and the amount of defaulted interest to be paid. The
      Company shall notify the Trustee in writing of the amount of defaulted interest
      proposed to be paid on each Debt Security of such series and the date of the
      proposed payment, and at the same time the Company shall deposit with the
      Trustee or any paying agent for such series an amount of money in immediately
      available funds by 10:00 a.m. New York City time on the payment date equal
      to
      the aggregate amount proposed to be paid in respect of such defaulted interest
      or shall make arrangements satisfactory to any Paying Agent for such series
      for
      such deposit prior to the date of the proposed payment. The Company may pay
      defaulted interest in any other lawful manner not inconsistent with the
      requirements of any securities exchange on which the Debt Security may be
      listed, and upon notice as may be required by such exchange if, after notice
      given by the Company to the Trustee of the proposed payment pursuant to this
      clause, such payment shall be deemed practicable by the Trustee.

     

    Section
      2.13 Global
      Securities; Depositary.
      For the
      purpose of this Section, the term “Agent
      Member”
means
      a
      member of, or participant in, a Depositary; the term “Depositary”
means,
      with respect to Debt Securities issuable or issued in whole or in part in the
      form of one or more Global Securities, the entity designated as Depositary
      by
      the Company pursuant to Section 2.2, and, if at any time there is more than
      one
      such person, “Depositary”
as
      used
      with respect to the Debt Securities shall mean the respective Depositary with
      respect to a particular series of Debt Securities; and the term “Global
      Security”
means
      a
      global certificate evidencing all or part of the series of Debt Securities
      as
      shall be specified herein, issued to the Depositary for the series or such
      portion of the series, and registered in the name of such Depositary or its
      nominee. The Global Security may provide that it shall represent the aggregate
      amount of Outstanding Debt Securities from time to time endorsed thereon which
      may from time to time be reduced to reflect exchanges. Any endorsement to
      reflect the amount, or any increase or decrease in the amount, of Outstanding
      Debt Securities shall be made by the Trustee.

     

    Notwithstanding
      Section 2.10, except as otherwise specified as contemplated by Section 2.2,
      hereof, any Global Security shall be exchangeable only as provided in this
      paragraph. A Global Security shall be exchangeable pursuant to this Section
      2.13
      if (i) the Depositary notifies the Company that it is unwilling or unable to
      continue as Depositary for such Global Security or if at any time the Depositary
      ceases to be a clearing agency registered under the Exchange Act, (ii) the
      Company in its sole discretion determines that all Global Securities of any
      series then outstanding under this Indenture shall be exchangeable for
      definitive Debt Securities of such series in registered form or an Event of
      Default with respect to the Debt Securities of the series represented by such
      Global Security has occurred and is continuing. Any Global Security of such
      series exchangeable pursuant to the preceding sentence shall be exchangeable
      for
      definitive Debt Securities of such series in registered form, bearing interest
      (if any) at the same rate or pursuant to the same formula, having the same
      date
      of issuance, redemption, conversion (if any) and other provisions, and of
      differing denominations aggregating a like amount. Such definitive Debt
      Securities of such series shall be registered in the names of the owners of
      the
      beneficial interests in such Global Securities of such series as such names
      are
      from time to time provided by the relevant participants in the Depositary
      holding such Global Securities (as such participants are identified from time
      to
      time by such Depositary).

    
      
        
        

      

      
        -
          16
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    No
      Global
      Security may be transferred except as a whole by a nominee of the Depositary
      to
      the Depositary or another nominee of the Depositary or by the Depositary or
      any
      such nominee to a successor of the Depositary or a nominee of such successor.
      Except as provided above, owners solely of beneficial interests in a Global
      Security shall not be entitled to receive physical delivery of Debt Securities
      of such series in definitive form and will not be considered the Holders of
      Debt
      Securities thereof for any purpose under this Indenture.

     

    Any
      Global Security that is exchangeable pursuant to the preceding paragraph shall
      be exchangeable for Debt Securities of such series in authorized denominations
      and registered in such names as the Depositary that is the Holder of Debt
      Securities of such Global Securities of such series shall direct.

     

    In
      the
      event that a Global Security is surrendered for redemption in part pursuant
      to
      Section 5.2 or 5.5, the Company shall execute, and the Trustee or the
      Authenticating Agent shall authenticate and deliver to the Depositary for such
      Global Security, without service charge, a new Global Security in a denomination
      and tenor equal to and in exchange for the unredeemed portion of the Principal
      for the Global Security so surrendered.

     

    The
      Agent
      Members shall have no rights under this Indenture with respect to any Global
      Security held on their behalf by a Depositary, and such Depositary may be
      treated by the Company, the Trustee, and any agent of the Company or the Trustee
      as the owner of such Global Security for all purposes whatsoever.
      Notwithstanding the foregoing, nothing herein shall prevent the Company, the
      Trustee, or any agent of the Company or the Trustee, from giving effect to
      any
      written certification, proxy or other authorization furnished by a Depositary
      or
      impair, as between a Depositary and its Agent Members, the operation of
      customary practices governing the exercise of the rights of a Holder of a Debt
      Security of any series, including without limitation the granting of proxies
      or
      other authorization of participants to give or take any request, demand,
      authorization, direction, notice, consent, waiver or other action which a Holder
      of Debt Securities is entitled to give or take under this Indenture. Neither
      the
      Trustee nor any of its agents shall have any responsibility for actions taken
      or
      not taken by the Depositary.

     

    The
      Trustee shall not be required to authenticate Global Securities until it has
      received documentation satisfactory to it.

     

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

    
      
        
        

      

      
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          17
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    ARTICLE
      III

     

    MISCELLANEOUS
      PROVISIONS

     

    Section
      3.1 Rights
      under Indenture limited to the parties and Holders of Debt
      Securities.
      Nothing
      in this Indenture or the Debt Securities, express or implied, is intended or
      shall be construed to confer upon, or to give to, any person or corporation,
      other than the parties hereto, their successors and assigns, and the Holders
      of
      the Debt Securities, any right, remedy or claim under or by reason of this
      Indenture or any provision hereof; and the provisions of this Indenture are
      for
      the exclusive benefit of the parties hereto, their successors and assigns,
      and
      the Holders of the Debt Securities.

     

    Section
      3.2 Certificate
      of independent accountants conclusive.
      Unless
      otherwise specifically provided, the certificate or opinion of an independent
      firm of public accountants of recognized standing selected by the Board of
      Directors and acceptable to the Trustee in the exercise of reasonable care
      (which firm may be regular independent accountants to the Company) shall be
      conclusive evidence of the correctness of any computation made under the
      provisions of this Indenture, and wherever reference is made in this Indenture
      to “generally accepted
      accounting principles” the certificate or opinion of such a firm shall be
      conclusive evidence thereof. The Company shall furnish to the Trustee upon
      its
      request a copy of any such certificate or opinion. 

     

    Section
      3.3 Treatment
      of Debt Securities owned or held by the Company in determining required
      percentages.
      For all
      purposes of this Indenture, in determining whether the Holders of a required
      percentage or the required proportion of Principal Amount of Debt Securities
      of
      one or more series has concurred in any request, waiver, vote, direction or
      consent, Debt Securities owned or held by or for the account or for the benefit
      of the Company or any other obligor under this Indenture or any Affiliate shall
      be disregarded and deemed not Outstanding, except that, for the purposes of
      determining whether the Trustee shall be protected in conclusively relying
      on
      any such request, waiver, direction or consent, only Debt Securities which
      the
      Trustee actually knows to be so owned or held shall be so disregarded. Debt
      Securities so owned which have been pledged in good faith to secure an
      obligation may be regarded as Outstanding for all such purposes, if the Trustee
      receives an Officers’ Certificate stating that said Debt Securities have been so
      pledged, that the pledgee is entitled to vote with respect to such Debt
      Securities and that the pledgee is not the Company or any other obligor on
      the
      Debt Securities, an Affiliate of the Company or an Affiliate of such other
      obligor. In case of a dispute as to such right, any decision by the Trustee
      taken upon the advice of counsel shall be conclusive, and, subject to the
      provisions of Section 11.1 of this Indenture, shall afford full protection
      to
      the Trustee.

     

    Section
      3.4 Remaining
      provisions not affected by invalidity of any other provisions – required
      provisions of Trust Indenture Act to control.
      In case
      any one or more of the provisions contained in this Indenture or in the Debt
      Securities of any series shall for any reason be held to be invalid, illegal
      or
      unenforceable in any respect, such invalidity, illegality or unenforceability
      shall not affect any other provision of this Indenture, but this Indenture
      shall
      be construed as if such invalid, illegal or unenforceable provisions had never
      been contained herein.

    
      
        
        

      

      
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          18
          -

        
          

        

      

      
        
        

      

    

    If
      any
      provision of this Indenture limits, qualifies or conflicts with any other
      provision of this Indenture which is required to be included in an indenture
      qualified under the Trust Indenture Act, such provision which is so required
      to
      be included shall control. If any provisions of this Indenture modifies or
      excludes any provisions of the Trust Indenture Act that may be so modified
      or
      excluded, the latter provision shall be deemed to apply to this Indenture as
      so
      modified or excluded, as the case may be.

     

    Section
      3.5 Company
      released from Indenture requirements if entitled to have Indenture
      cancelled.
      Whenever by the terms of this Indenture the Company shall be required to do
      or
      not to do anything so long as any of the Debt Securities shall be Outstanding
      of
      any series, the Company shall, notwithstanding any such provision, not be
      required to comply with such provision with respect to such series if it shall
      be entitled to have this Indenture satisfied and discharged pursuant to the
      provisions hereof, even though in either case the Holders of any of the Debt
      Securities of such series shall have failed to present and surrender such Debt
      Securities for payment pursuant to the terms of this Indenture.

     

    Section
      3.6 Date
      of execution.
      Although this Indenture, for convenience and for the purpose of reference,
      is
      dated as of the date first above written, the actual date of execution by the
      Company and by the Trustee is as indicated by their respective acknowledgements
      hereto annexed.

     

    Section
      3.7 Execution
      of documents furnished under the Indenture.
      Unless
      otherwise expressly provided, any order, notice, request, demand, certificate
      or
      statement of the Company required or permitted to be made or given under any
      provision hereof shall be sufficiently executed if signed by not less than
      two
      Officers of the Company.

     

    Section
      3.8 Officers’
      Certificate and Opinions of Counsel to be furnished to Trustee.
      Upon
      any application, demand or request by the Company to the Trustee to take any
      action under any of the provisions of this Indenture, the Company shall furnish
      to the Trustee an Officers’ Certificate stating that all conditions precedent,
      if any, provided for in this Indenture relating to the proposed action have
      been
      complied with, and an Opinion of Counsel stating that, in the opinion of such
      counsel, all such conditions precedent have been complied with and that such
      action is in compliance with applicable law.

     

    Each
      certificate or opinion with respect to compliance with a condition or covenant
      provided for in this Indenture shall include (a) a statement that the person
      making such certificate or opinion has read such covenant or condition; (b)
      a
      brief statement as to the nature and scope of the examination or investigation
      upon which the statements or opinions contained in such certificate or opinion
      are based; (c) a statement that, in the opinion of such person, he has made
      such
      examination or investigation as is necessary to enable him to express an
      informed opinion as to whether or not such covenant or condition has been
      complied with; and (d) a statement as to whether or not, in the opinion of
      such
      person, such condition or covenant has been complied with.

     

    Any
      certificate, statement or opinion of an Officer of the Company may be based,
      insofar as it relates to legal matters, upon a certificate or opinion of or
      representations by counsel, unless such Officer knows that the certificate
      or
      opinion or representations with respect to the matters upon which his
      certificate, statement or opinion may be based as aforesaid are erroneous,
      or in
      the exercise of reasonable care should know that the same are
      erroneous.

    
      
        
        

      

      
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          19
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    Any
      certificate, statement or opinion of counsel may be based, insofar as it relates
      to factual matters, information with respect to which is in the possession
      of
      the Company, upon the certificate, statement or opinion of or representations
      by
      an officer or officers of the Company, unless such counsel knows that the
      certificate, statement or opinion or representations with respect to the matters
      upon which his certificate, statement or opinion may be based as aforesaid
      are
      erroneous, or in the exercise of reasonable care should know that the same
      are
      erroneous.

     

    Any
      certificate, statement or opinion of an Officer of the Company or of counsel
      may
      be based, insofar as it relates to accounting matters, upon a certificate or
      opinion of or representations by an accountant or firm of accountants in the
      employ of the Company, unless such Officer or counsel, as the case may be,
      knows
      that the certificate or opinion or representations with respect to the
      accounting matters upon which his certificate, statement or opinion may be
      based
      as aforesaid are erroneous, or in the exercise of reasonable care should know
      that the same are erroneous. Any certificate or opinion of any independent
      firm
      of public accountants filed with the Trustee shall contain a statement that
      such
      firm is independent.

     

    Section
      3.9 Presentation
      of notices and demands.
      All
      notices to or demands upon the Trustee shall be in writing and may be served
      or
      presented at the principal office of the Trustee. Any notice to or demand upon
      the Company shall be deemed to have been sufficiently given or served by the
      Trustee or the Holders of Debt Securities, for all purposes, by being mailed
      by
      first class mail (registered or certified, return receipt requested), telecopied
      or delivered by overnight air courier guaranteeing next day delivery, addressed
      to the Company, attention of the General Counsel,
      [            ],
      Telecopier:
      [            ], with
      a copy to
      [            ],
      Attention:
      [            ],
      [            ],
      Telecopier:
      [            ], or
      at such other address or to such other counsel, as may be filed in writing
      by
      the Company with the Trustee.

     

    Except
      as
      otherwise expressly provided herein, where this Indenture provides for notice
      to
      Holders of Debt Securities of any event, such notice shall be sufficiently
      given
      to Holders of Debt Securities if in writing and mailed, first-class postage
      prepaid, to each holder of a Debt Security affected by such event, at the
      address of such holder as it appears in the Debt Security register, not later
      than the latest date, and not earlier than the earliest date, prescribed for
      the
      giving of such notice.

     

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

     

    Section
      3.10 Successors
      and assigns bound by Indenture.
      All the
      covenants, promises and agreements in this Indenture contained by or on behalf
      of the Company or by or on behalf of the Trustee, shall bind and inure to the
      benefit of their respective successors and assigns, whether so expressed or
      not.

    
      
        
        

      

      
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          20
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    Section
      3.11 Descriptive
      headings for convenience only.
      The
      descriptive headings of the several Articles of this Indenture are inserted
      for
      convenience only and shall not control or affect the meaning or construction
      of
      any of the provisions hereof.

     

    Section
      3.12 Governing
      Law; Submission to Jurisdiction; Waiver of Jury Trial.
      THIS
      INDENTURE AND EACH DEBT SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN
      ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, BUT WITHOUT GIVING EFFECT
      TO
      APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION
      OF
      THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

     

    EACH
      OF
      THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION
      OF
      ANY NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF
      NEW
      YORK OR ANY FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF
      NEW
      YORK IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING
      TO
      THIS INDENTURE, OR ANY DEBT SECURITIES, AND IRREVOCABLY ACCEPTS FOR ITSELF
      AND
      IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, JURISDICTION OF
      THE
      AFORESAID COURTS. EACH OF THE COMPANY AND THE TRUSTEE IRREVOCABLY WAIVES, TO
      THE
      FULLEST EXTENT THAT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, TRIAL BY
      JURY
      AND ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE
      OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY CLAIM
      THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT

     

    IN
      ANY
      SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING HEREIN SHALL
      AFFECT THE RIGHT OF THE TRUSTEE OR ANY HOLDER OF THE NOTES OR THE COMPANY TO
      SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL
      PROCEEDINGS OR OTHERWISE PROCEED AGAINST THE COMPANY, THE TRUSTEE OR ANY HOLDER
      OF NOTES IN ANY OTHER JURISDICTION.

     

    Section
      3.13 Indenture
      may be executed in counterparts.
      This
      Indenture may be simultaneously executed in any number of counterparts, each
      of
      which when so executed and delivered shall be an original, but such counterparts
      shall together constitute but one and the same instrument.
      [            ], as
      Trustee, hereby accepts the trusts in this Indenture declared and provided
      upon
      the terms and conditions hereinbefore set forth.

     

    ARTICLE
      IV

     

    COVENANTS
      OF THE COMPANY

     

    The
      Company covenants and agrees as follows:

    
      
        
        

      

      
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          21
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    Section
      4.1 Payment
      of Principal and interest.
      The
      Company will for the benefit of each series of Debt Securities duly and
      punctually pay or cause to be paid the Principal of, premium, if any, make-whole
      amount, if any, and interest on the Debt Securities of such series at the times
      and place and in the manner specified in this Indenture and in the Debt
      Securities of such series. At the option of the Company, interest on the Debt
      Securities shall be payable without presentation of such Debt Securities by
      a
      check to the registered Holder. Any payment of Principal and any premium or
      make-whole amount or interest required to be made on an interest payment date,
      redemption date or at maturity which is not a Business Day need not be made
      on
      such date, but may be made on the next succeeding Business Day with the same
      force and effect as if made on such interest payment date, redemption date
      or at
      maturity, as the case may be, and no interest shall accrue for the period from
      and after such interest payment date, redemption date or maturity.

     

    Section
      4.2 Maintenance
      of office or agency.
      So long
      as any of the Debt Securities of any series remain unpaid, the Company will
      at
      all times keep an office or agency in the Borough of Manhattan, the City of
      New
      York, where Debt Securities of such series may be presented for registration
      of
      transfer and exchange as in this Indenture provided, where notices and demands
      with respect to the Debt Securities and this Indenture may be served and where
      the Debt Securities may be presented for payment or, for Debt Securities of
      each
      series that is convertible, for conversion. The principal office of the Trustee
      shall be the office or agency for all of the aforesaid purposes unless otherwise
      provided in a supplemental indenture or unless the Company shall maintain some
      other office or agency with respect to the Debt Securities of any series for
      such purposes and shall give the Trustee written notice of the location
      thereof.
      In case
      the Company shall fail to maintain such office or agency, presentations may
      be
      made and notices and demands may be served at the principal office of the
      Trustee.

     

    The
      Company shall keep, at said office or agency, a register or registers in which,
      subject to such reasonable regulations as it may prescribe, the Company shall
      register or cause to be registered Debt Securities of each series and shall
      register or cause to be registered the transfer or exchange of Debt Securities
      of each series as in Article
      II
      provided. Such register or registers shall be in written form in the English
      language or any other form capable of being converted into written form within
      a
      reasonable time. At all reasonable times, such register or registers shall
      be
      open for inspection by the Trustee.

     

    Section
      4.3 Corporate
      existence.
      Subject
      to Article
      X
      hereof,
      the Company will do or cause to be done all things necessary to preserve and
      keep in full force and effect its corporate existence and the rights (charter
      and statutory) and franchises of the Company; provided,
      however,
      that
      the Company shall not be required to preserve any such right or franchise if
      the
      Company shall determine that the preservation thereof is no longer desirable
      in
      the conduct of the business and its subsidiaries as a whole and that the loss
      thereof is not disadvantageous in any material respect to the Holders of Debt
      Securities.

     

    Section
      4.4 Restrictions
      on mergers, sales and consolidations.
      So long
      as any of the Debt Securities remain unpaid, the Company will not consolidate
      or
      merge with or sell, convey or lease all or substantially all of its property
      to
      any other corporation, partnership or limited liability company except (a)
      to
      the extent expressly permitted pursuant to the terms of any supplemental
      indenture governing any series of the Debt Securities and (b) as otherwise
      permitted in Article
      X
      hereof.

    
      
        
        

      

      
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    Section
      4.5 Further
      assurances.
      From
      time to time whenever requested by the Trustee, the Company will execute and
      deliver such further instruments and assurances and do such further acts as
      may
      be reasonably necessary or proper to carry out more effectually the purposes
      of
      this Indenture or to secure the rights and remedies hereunder of the Holders
      of
      the Debt Securities of any series.

     

    Section
      4.6 File
      certain reports and information with the Trustee and the Securities and Exchange
      Commission -- transmit to Holders of Debt Securities summaries of certain
      documents filed with the Trustee - furnish list of Holders of Debt Securities
      to
      the Trustee.
      So long
      as any Notes are outstanding:

     

    (a) The
      Company will file with the Trustee and the Commission, and transmit to Holders,
      such information, documents, and other reports, and such summaries thereof,
      as
      may be required pursuant to the Trust Indenture Act at the times and in the
      manner provided pursuant to such Act; provided that any such information,
      documents, or reports required to be filed with the Commission pursuant to
      Section 13 or 15(d) of the Exchange Act will be filed with the Trustee within
      15
      calendar days after the same is so required to be filed with the
      Commission.

     

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

     

    (c) The
      Company will furnish or cause to be furnished to the Trustee, not more than
      15
      days after each record date (but in no event less frequently than every six
      months) for the payment of interest with respect to Debt Securities of any
      series, and at such other times as the Trustee may request in writing, within
      30
      days after receipt by the Company of any such request, a list in such form
      as
      the Trustee may reasonably require containing all information in the possession
      or control of the Company or of any Paying Agent, other than the Trustee, as
      to
      the names and addresses of the Holders of Debt Securities of such series
      obtained since the date as of which the next previous list, if any, was
      furnished; provided,
      that so
      long as the Trustee is Debt Security registrar for such series, no such list
      need be furnished. Any such list may be dated as of a date not more than 15
      days
      prior to the time such information is furnished or caused to be furnished,
      and
      need not include information received after such date (excluding from any such
      list names and addresses received by the Trustee in its capacity as Debt
      Security registrar).

    
      
        
        

      

      
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    Section
      4.7 File
      statement by officers annually with the Trustee.
      Within
      120 days after the end of each fiscal year subsequent to the date of this
      Indenture, the Company will file with the Trustee an Officers’ Certificate from
      the principal executive officer, principal financial officer or principal
      accounting officer as to his or her knowledge of the Company’s compliance with
      all conditions and covenants under this Indenture and if the Company shall
      not
      be in compliance, specify such non-compliance and the nature and status thereof,
      of which such signer may have knowledge. For purposes of this paragraph, such
      compliance shall be determined without regard to any period of grace or
      requirement of notice provided under this Indenture. 

     

    Section
      4.8 Duties
      of Paying Agent.
      The
      Company will cause each Paying Agent for the Debt Securities of any series
      other
      than the Trustee to execute and deliver to the Trustee an instrument in which
      such agent shall agree with the Trustee:

     

    (a) that
      it
      will hold all sums held by it as such agent for the payment of the Principal
      of,
      premium, if any, make-whole amount, if any, or interest on the Debt Securities
      of such series (whether such sums have been paid to it by the Company or by
      any
      other obligor on the Debt Securities of such series) in trust for the benefit
      of
      the Holders of the Debt Securities of such series;

     

    (b) that
      it
      will give the Trustee written notice of any failure by the Company (or by any
      other obligor on the Debt Securities of such series) to make any payment of
      the
      Principal of, premium, if any, make-whole amount, if any, or interest on the
      Debt Securities of such series when the same shall be due and payable; and
      

     

    (c) that
      it
      will, at any time during the continuance of any Event of Default with respect
      to
      such series, upon the written request of the Trustee, forthwith pay to the
      Trustee all sums so held in trust by such Paying Agent.

     

    If
      the
      Company acts as its own Paying Agent for the Debt Securities of any series,
      it
      will, on or before each due date of the Principal of, premium, if any,
      make-whole amount, if any, or interest on the Debt Securities of such series,
      set aside and segregate and hold in trust for the benefit of the Holders of
      the
      Debt Securities of such series a sum sufficient to pay such principal, premium,
      if any, make-whole amount, if any, or interest and will notify the Trustee,
      in
      writing, of such action or any failure to take such action.

     

    Whenever
      the Company shall have one or more Paying Agents for any series of Debt
      Securities, it will, on or before each due date of the Principal of, premium,
      if
      any, make-whole amount, if any, or interest on any Debt Securities of such
      series, deposit with the Paying Agent or Agents for the Debt Securities of
      such
      series a sum, by 10:00 a.m. New York City time, in immediately available funds
      on the payment date, sufficient to pay the principal, premium, if any,
      make-whole amount, if any, or interest so becoming due with respect to the
      Debt
      Securities of such series, and (unless such paying agent is the Trustee) the
      Company will promptly notify the Trustee in writing of any failure so to
      act.

    
      
        
        

      

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

     

    Anything
      in this Section 4.8 to the contrary notwithstanding, the agreement to hold
      sums
      in trust as provided in this Section 4.8 shall be subject to the provisions
      of
      Section 6.3.

     

    Section
      4.9 Calculation
      of Original Issue Discount.
      The
      Company shall file with the Trustee promptly at the end of each calendar year
      (i) a written notice specifying the amount of original issue discount (including
      daily rates and accrual periods) accrued on Outstanding Debt Securities as
      of
      the end of such year and (ii) such other specific information relating to such
      original issue discount as may then be relevant under the Internal Revenue
      Code
      of 1986, as amended from time to time.

     

    ARTICLE
      V

     

    REDEMPTION
      OF DEBT SECURITIES; SINKING FUND

     

    Section
      5.1 Applicability
      of Article.
      Debt
      Securities of any series which are redeemable before their stated maturity
      at
      the election of the Company or through the operation of any sinking fund for
      the
      retirement of Debt Securities of such series shall be redeemable in accordance
      with their terms established pursuant to Section 2.2 and (except as otherwise
      established pursuant to Section 2.2 for Debt Securities of such series) in
      accordance with this Article.

     

    Section
      5.2 Notice
      of redemption to be given to Trustee – deposit of cash (or other form of
      payment) with Trustee – selection by Trustee of Debt Securities to be
      redeemed.
      Not less
      than 45 days (or such lesser number of days as the Trustee shall approve) nor
      more than 60 days (or such greater number of days as the Trustee shall approve)
      prior to the date fixed by the Company for the redemption at the option of
      the
      Company of any Debt Securities of any series which are subject to redemption
      or
      portions thereof, the Company shall give written notice, by delivering a Company
      Order to the Trustee, stating the aggregate Principal Amount of Debt Securities
      of such series which the Company elects to redeem and the date and place fixed
      for redemption, that the Company, in the case of any redemption of Debt
      Securities subject to any restrictions on such redemption provided in the terms
      of Debt Securities of such series established pursuant to Section 2.2 or
      elsewhere in this Indenture, is in compliance with such restrictions. On or
      before 10:00 a.m. New York City time of the date fixed for redemption, the
      Company shall deposit with the Trustee or the Paying Agent money in immediately
      available funds on such redemption date (or other form of payment if permitted
      by the terms of such Debt Securities) in an amount sufficient to redeem on
      the
      date fixed for redemption all the Debt Securities of such series or portions
      thereof to be redeemed, other than any Debt Securities of such series called
      for
      redemption on such date which have been converted prior to the date of such
      deposit, at the appropriate redemption price, together with any accrued interest
      to the date fixed for redemption. If less than all the Debt Securities then
      Outstanding of such series are to be redeemed, the Trustee shall select,
      substantially pro rata or by lot, in such manner as it shall deem appropriate
      and fair, in its sole discretion, the numbers of the Debt Securities to be
      redeemed as a whole or in part, and shall thereafter promptly notify the Company
      in writing of the numbers of the Debt Securities to be redeemed; provided,
      however,
      that
      Debt Securities of such series registered in the name of the Company shall
      be
      excluded from any such selection for redemption until all Debt Securities of
      such series not so registered shall have been previously selected for
      redemption. For the purpose of such selection in case of redemption of less
      than
      all of the Debt Securities of any series, the Trustee and the Company shall
      have
      the option to treat as Outstanding Debt Securities any Debt Securities of such
      series which are surrendered for conversion after the fifteenth day immediately
      preceding the mailing of the notice of such redemption, and need not treat
      as
      Outstanding Debt Securities any Debt Securities authenticated and delivered
      during such period in exchange for the unconverted portion of any Debt
      Securities converted in part during such period. In case any series of Debt
      Securities shall be redeemed in part only, the notice of redemption shall
      specify the Principal Amount thereof to be redeemed and shall state that, upon
      surrender thereof for redemption, a new Debt Security or new Debt Securities
      of
      the same series of an aggregate Principal Amount equal to the unredeemed portion
      of such Debt Security will be issued in lieu thereof; and in such case the
      Company shall execute and the Trustee or the Authenticating Agent shall
      authenticate and deliver such new Debt Security or Debt Securities of such
      series to or upon the written order of the Holder of Debt Securities, at the
      expense of the Company. Provisions of this Indenture that apply to Debt
      Securities called for redemption also apply to portions of Debt Securities
      called for redemption.

    
      
        
        

      

      
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    Upon
      or
      after the receipt of such notice, the Trustee, in the name of the Company and
      as
      its agent, shall mail by first-class mail, postage prepaid, to each registered
      Holder of a Debt Security to be redeemed in whole or in part at his last address
      appearing on the registration books of the Company, a notice of redemption.
      Such
      notice of redemption shall identify the Debt Securities to be so redeemed in
      whole or in part and whether such Debt Securities are to be redeemed in whole
      or
      in part and shall state: (i) the date fixed for redemption; (ii) the redemption
      price at which Debt Securities are to be redeemed and method of payment, if
      other than in cash; (iii) if applicable, the current conversion price or rate;
      (iv) if applicable, that the right of the Holder of Debt Securities to convert
      Debt Securities called for redemption shall terminate at the close of business
      on the date fixed for redemption (or such other day as may be specified as
      contemplated by Section 2.2 for Debt Securities of any series); (v) if
      applicable, that Holders of Debt Securities who want to convert Debt Securities
      called for redemption must satisfy the requirements for conversion contained
      in
      such Debt Securities; (vi) that, interest, if any, accrued to the date fixed
      for
      redemption will be paid as specified in said notice and that on and after said
      date interest thereon shall cease to accrue; (vii) the provision of the Debt
      Security or this Indenture under which the redemption is being made; (viii)
      that
      the Company so elects to redeem such Debt Securities or portions thereof at
      the
      place or places specified in such notice; and (ix) the CUSIP number. Such notice
      shall be mailed not later than the tenth, and not earlier than the sixtieth,
      day
      before the date fixed for redemption. Any notice which is mailed in the manner
      herein provided shall be conclusively presumed to have been duly given, whether
      or not the Holder receives such notice; and failure duly to give such notice
      by
      mail, or any defect in such notice, to the Holder of any series of Debt
      Securities designated for redemption as a whole or in part shall not affect
      the
      validity of the proceedings for the redemption of any other Debt
      Security.

    
      
        
        

      

      
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        The
      Company
      shall pay to the Trustee the cost of mailing notices of redemption and any
      other
      necessary expenses incurred by the Trustee in connection therewith.

     

    Section
      5.3 Debt
      Securities called for redemption to become due — rights of Holders of redeemed
      Debt Securities — return of funds on conversion.
      The
      notice of election to redeem having been mailed as hereinbefore provided, the
      Debt Securities or portions thereof called for redemption shall become due
      and
      payable on the redemption date at the applicable redemption price, together
      with
      interest accrued to the date fixed for redemption, at the place or places
      specified in such notice, and if cash (or other form of payment if permitted
      by
      the terms of such Debt Securities) in the amount necessary to redeem such Debt
      Securities or portions thereof has been deposited with the Trustee, interest
      on
      such Debt Securities or portions thereof shall cease to accrue from and after
      the date fixed for redemption (unless the Company shall default in the payment
      of the redemption price, plus accrued interest, if any) and the right to convert
      such Debt Securities or portions thereof, if the terms of such Debt Securities
      provide for conversion pursuant to Section 2.2, shall terminate at the close
      of
      business on the date fixed for redemption or such other day as may be specified
      as contemplated by Section 2.2 for Debt Securities of such series. The
      respective registered Holders of Debt Securities or portions thereof so called
      for redemption shall be entitled to receive payment of the applicable redemption
      price, together with interest accrued to the date fixed for redemption on or
      after the date fixed for redemption (unless the Company shall default in the
      payment of the redemption price, plus accrued interest, if any), upon
      presentation and surrender at the place or places of payment specified in such
      notice. Notwithstanding the foregoing, if the record date for payment of
      interest is on or prior to the redemption date, such interest shall be payable
      to the persons who are Holders of such Debt Securities on such record date
      according to the terms of such Debt Securities and Section 2.12.

     

    If
      any
      series of Debt Securities called for redemption pursuant to Section 5.1 is
      converted or exchanged pursuant to the conversion or exchange provisions of
      such
      Debt Security or the resolution of the Board of Directors or the supplemental
      indenture pursuant to which such Debt Security is issued, if any, any monies
      deposited with the Trustee for the purpose of paying or redeeming any such
      Debt
      Security shall be promptly paid to the Company. 

     

    Section
      5.4 Credits
      against sinking fund.
      Against
      any one or more sinking fund payments, if any, to be made pursuant to the terms
      of the Debt Securities of any series providing for a sinking fund, the Company
      may elect, by delivery of an Officers’ Certificate to the Trustee, at least 45
      days prior to the sinking fund payment date (or such shorter period as may
      be
      acceptable to the Trustee or is otherwise specified as contemplated by Section
      2.2 for Debt Securities of any series), to take credit for any Debt Securities
      of such series or portions thereof acquired or redeemed by the Company, pursuant
      to the terms of such Debt Securities or through the application of permitted
      optional sinking fund payments pursuant to the terms of such Debt Securities,
      which have not previously been used by the Company for the purposes permitted
      in
      this Section 5.4 and for any Debt Securities which have been converted pursuant
      to the terms of such Debt Securities. Such Debt Securities shall be received
      and
      credited for such purpose by the Trustee at the redemption price specified
      in
      such Debt Securities for redemption through operation of the sinking fund and
      the amount of such sinking fund payment shall be reduced accordingly. Upon
      any
      such election the Company shall receive credit against such sinking fund
      payments required to be made in the order in which they are to be made. Any
      series of Debt Securities for which credit is elected to be taken which shall
      not theretofore have been delivered to the Trustee for cancellation shall at
      the
      time of such election be delivered to the Trustee for cancellation by the
      Trustee.

     

    
      
        
        

      

      
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    Section
      5.5 Redemption
      through sinking fund.
      Each
      sinking fund payment, if any, made under the terms of the Debt Securities of
      any
      series established pursuant to Section 2.2 shall be applied to the redemption
      of
      Debt Securities of such series on the date for redemption specified in the
      Debt
      Securities of such series next succeeding such sinking fund payment date;
provided,
      however,
      if at
      any time the amount of cash to be paid into the sinking fund for such series
      on
      the next succeeding sinking fund payment date, together with any unused balance
      of any preceding sinking fund payment or payments for such series, shall not
      exceed in the aggregate $100,000, the Trustee, unless requested by the Company,
      shall not give notice of the redemption of Debt Securities of such series
      through the operation of the sinking fund on the succeeding date for redemption
      specified in the Debt Securities of such series.

     

    At
      least
      45 days (or such lesser number of days as the Trustee shall approve) prior
      to
      the date on which a sinking fund payment with respect to the Debt Securities
      of
      any series is due, the Company shall give written notice to the Trustee of
      the
      Principal Amount of Debt Securities of such series registered in the name of
      the
      Company (which shall be excluded from such redemption) and the Trustee shall
      select, substantially pro rata or by lot, in such manner as it shall deem
      appropriate and fair, the Principal Amount of Debt Securities of such series
      to
      be redeemed in accordance with the terms of the Debt Securities of such series
      after allowance for any credit elected under Section 5.4 and shall, in the
      name
      and at the expense of the Company and as its agent, give notice of such
      redemption, all in the manner provided for in Section 5.2, except that such
      notice shall state that the Debt Securities of such series are being redeemed
      for the sinking fund. The notice of redemption having been mailed as
      hereinbefore provided, the Debt Securities or portions thereof called for
      redemption shall become due and payable on the next succeeding date for
      redemption specified in the Debt Securities of such series at the sinking fund
      redemption price thereof, all in the manner and with the effect provided for
      in
      Section 5.3.

     

    Any
      sinking fund payment not so required to be applied to the redemption of Debt
      Securities of any series on the date for redemption specified in the Debt
      Securities of such series next succeeding any sinking fund payment date may,
      at
      the direction of the Company as evidenced by a Company Order, be applied by
      the
      Trustee prior to the forty-fifth day preceding the next following sinking fund
      payment date for such series, in such manner and from time to time, in such
      amount as the Company may direct the Trustee in writing, so far as such moneys
      shall be adequate, to the purchase for the sinking fund of Debt Securities
      of
      such series or portions thereof, in the open market, from the Company or
      otherwise, at prices (exclusive of accrued interest and brokerage commissions)
      not in excess of the sinking fund redemption price for such series.

     

    The
      Company agrees to pay to the Trustee, upon request, accrued interest and
      brokerage commissions paid by the Trustee with respect to any Debt Securities
      of
      such series so purchased by the Trustee and such accrued interest and brokerage
      commissions shall not be charged against the sinking fund for such
      series.

     

    Any
      unused balance of sinking fund moneys with respect to Debt Securities of any
      series remaining in the hands of the Trustee on the forty-fifth day preceding
      the sinking fund payment date for such series in any year shall be added to
      any
      sinking fund payment for such series to be made in cash in such year, and
      together with such payment, if any, shall be applied to the redemption or
      purchase of Debt Securities of such series in accordance with the provisions
      of
      this Section 5.5, provided that any sinking fund moneys so remaining in the
      hands of the Trustee after the date specified in the Debt Securities of such
      series and not utilized in the purchase of Debt Securities of such series as
      provided in this Section 5.5 shall be applied by the Trustee to the payment
      of
      Debt Securities at maturity.

     

    
      
        
        

      

      
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    Section
      5.6 Debt
      Securities no longer Outstanding after notice to Trustee and deposit of
      cash.
      If the
      Company, having given notice to the Trustee as provided in Section 5.1 or 5.2,
      shall have deposited with the Trustee or the Paying Agent, for the benefit
      of
      the Holders of any Debt Securities of any series or portions thereof called
      for
      redemption in whole or in part cash or other form of payment, if permitted
      by
      the terms of such Debt Securities, (which amount shall be immediately due and
      payable to the Holders of such Debt Securities or portions thereof) in the
      amount necessary so to redeem all such Debt Securities or portions thereof
      on
      the date fixed for redemption and provision satisfactory to the Trustee shall
      have been made for the giving of notice of such redemption, such Debt
      Securities, or portions thereof, shall thereupon, for all purposes of this
      Indenture, be deemed to be no longer Outstanding, and the Holders thereof shall
      be entitled to no rights thereunder or hereunder, except the right to receive
      payment of the applicable redemption price, together with interest accrued
      to
      the date fixed for redemption, on or after the date fixed for redemption of
      such
      Debt Securities or portions thereof and the right to convert such Debt
      Securities or portions thereof, if the terms of such Debt Securities provide
      for
      convertibility pursuant to Section 2.2, at or prior to the close of business
      on
      the date fixed for redemption.

     

    Section
      5.7 Conversion
      arrangement on call for redemption.
      In
      connection with any redemption of Debt Securities, the Company may arrange
      for
      the purchase and conversion of any Debt Securities called for redemption by
      an
      agreement with one or more investment bankers or other purchasers to purchase
      such Debt Securities by paying to the Trustee or the Paying Agent in trust
      for
      the Holders of Debt Securities, on or before 10:00 a.m. New York City time
      on
      the redemption date, an amount no less than the redemption price, together
      with
      interest, if any, accrued to the redemption date of such Debt Securities, in
      immediately available funds. Notwithstanding anything to the contrary contained
      in this Article
      V,
      the
      obligation of the Company to pay the redemption price of such Debt Securities,
      including all accrued interest, if any, shall be deemed to be satisfied and
      discharged to the extent such amount is so paid by such purchasers. If such
      an
      agreement is entered into, any Debt Securities not duly surrendered for
      conversion by the Holders thereof may, at the option of the Company, be deemed,
      to the fullest extent permitted by law, acquired by such purchasers from such
      Holders and surrendered by such purchasers for conversion, all as of immediately
      prior to the close of business on the last day on which Debt Securities of
      such
      series called for redemption may be converted in accordance with this Indenture
      and the terms of such Debt Securities, subject to payment of the above amount
      aforesaid. The Trustee or the Paying Agent shall hold and pay to the Holders
      of
      Debt Securities whose Debt Securities are selected for redemption any such
      amount paid to it in the same manner as it would moneys deposited with it by
      the
      Company for the redemption of Debt Securities. Without the Trustee’s and the
      Paying Agent’s prior written consent, no arrangement between the Company and
      such purchasers for the purchase and conversion of any Debt Securities shall
      increase or otherwise affect any of the powers, duties, responsibilities or
      obligations of the Trustee as set forth in this Indenture, and the Company
      agrees to indemnify the Trustee from, and hold it harmless against, any loss,
      liability or expense arising out of or in connection with any such arrangement
      for the purchase and conversion of any Debt Securities between the Company
      and
      such purchasers, including the costs and expenses incurred by the Trustee and
      the Paying Agent in the defense of any claim or liability arising out of or
      in
      connection with the exercise or performance of any of its powers, duties,
      responsibilities or obligations under this Indenture.

     

    
      
        
        

      

      
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    ARTICLE
      VI

     

    SATISFACTION
      AND DISCHARGE OF INDENTURE

     

    Section
      6.1 Satisfaction
      and discharge of Indenture with respect to Debt Securities of any
      series.
      If (a)
      the Company shall deliver to the Trustee for cancellation all Debt Securities
      of
      any series theretofore authenticated (other than any such Debt Securities which
      shall have been destroyed, lost or stolen and in lieu of or in substitution
      for
      which other such Debt Securities shall have been authenticated and delivered
      or
      Debt Securities for whose payment money (or other form of payment if permitted
      by the terms of such Debt Securities) has theretofore been held in trust and
      thereafter repaid to the Company, as provided in Section 6.3) and not
      theretofore cancelled, or (a) the Company shall irrevocably deposit
      (subject to Section 6.3) with the Trustee or Paying Agent as trust funds the
      entire amount in cash or U.S. Government Obligations, or combination thereof,
      sufficient to pay at maturity or upon redemption all of the Debt Securities
      of
      such series (other than any Debt Securities which shall have been destroyed,
      lost or stolen and in lieu of or in substitution for which other Debt Securities
      shall have been authenticated and delivered or Debt Securities for whose payment
      money (or other form of payment if permitted by the terms of such Debt
      Securities) has theretofore been held in trust and thereafter repaid to the
      Company, as provided in Section 6.3) not theretofore paid, surrendered or
      delivered to the Trustee for cancellation, including the principal, premium,
      if
      any, make-whole amount, if any, and interest due or to become due to such date
      of maturity or redemption date, as the case may be, and if in either case the
      Company shall also pay or cause to be paid all other sums payable hereunder
      by
      the Company and the Company shall deliver to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that in the opinion of
      the
      signers all conditions precedent to the satisfaction and discharge of this
      Indenture with respect to the Debt Securities of such series have been complied
      with (and, in the event that such deposit shall be made more than one year
      prior
      to the maturity of the Debt Securities of such series, such Opinion of Counsel
      shall also state that such deposit will not result in an obligation of the
      Company, the Trustee or the trust fund created by such deposit to register
      as an
      investment company under the Investment Company Act of 1940, as amended) and
      a
      certificate (upon which the Trustee may conclusively rely) of a firm of
      independent public accounts of recognized national standing selected by the
      Board of Directors (who may be the regular accountants employed by the Company)
      stating that the cash, if any, and U.S. Government Obligations, if any, or
      combination thereof, deposited as set forth above are sufficient to pay at
      maturity or upon redemption all of the Debt Securities of such series as set
      forth above, then, except with respect to the remaining rights of conversion
      of
      any Debt Securities the terms of which provide for conversion or to rights
      of
      exchange or registration of transfer or of the Company’s right of optional
      redemption of any Debt Securities of such series, this Indenture shall cease
      to
      be of further effect with respect to the Debt Securities of such series, and
      the
      Trustee, on demand of and at the cost and expense of the Company, shall execute
      proper instruments acknowledging satisfaction of and discharging this Indenture
      with respect to the Debt Securities of such series. Notwithstanding the
      satisfaction and discharge of this Indenture with respect to the Debt Securities
      of such series, the obligations of the Company to the Trustee under Section
      11.2
      shall survive, and if moneys or U.S. Government Obligations, or combination
      thereof, shall have been irrevocably deposited with the Trustee or Paying Agent
      pursuant to clause (b) of this Section, the obligations of the Trustee
      under Section 6.2 and the first paragraph of Section 6.3 shall survive.

     

    
      
        
        

      

      
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    In
      order
      to have money available on a payment date to pay the Principal of, premium,
      if
      any, make-whole amount, if any, or interest, if any, on the Debt Securities,
      the
      U.S. Government Obligations shall be payable as to Principal or interest on
      or
      before such payment date in such amounts as will provide the necessary money.
      Such U.S. Government Obligations shall not be callable at the issuer’s
      option.

     

    Section
      6.2 Deposits
      for payment or redemption of Debt Securities to be held in trust.
      Subject
      to the provisions hereinafter contained in this Article
      VI,
      any
      moneys or U.S. Government Obligations (or other form of payments if permitted
      by
      the terms of such Debt Security) which at any time shall be deposited by the
      Company, or on its behalf with the Trustee or Paying Agent, for the purpose
      of
      paying or redeeming any of the Debt Securities of any series shall be held
      in
      trust and applied by the Trustee to the payment to the Holders of the particular
      Debt Securities for the payment or redemption of which such moneys (or other
      form of payments if permitted by the terms of such Debt Security) have been
      deposited, of all sums due and to become due thereon for Principal, premium,
      if
      any, make-whole amount, if any, and interest, upon presentation and surrender
      of
      such Debt Securities at the office or agency of the Company maintained as
      provided in this Indenture. Neither the Company nor the Trustee (except as
      provided in Section 11.2) nor any Paying Agent shall be required to pay interest
      on any moneys so deposited.

     

    Section
      6.3 Repayment
      of moneys.
      Any
      moneys or U.S. Government Obligations deposited with the Trustee or any Paying
      Agent remaining unclaimed by the Holders of Debt Securities for two years after
      the date upon which the Principal of or interest on such Debt Securities shall
      have become due and payable, shall (unless otherwise required by mandatory
      provisions of applicable escheat or abandoned or unclaimed property law) be
      repaid to the Company by the Trustee or Paying Agent and such Holders shall
      (unless otherwise required by mandatory provisions of applicable escheat or
      abandoned or unclaimed property law) thereafter be entitled to look to the
      Company only for payment thereof; provided,
      however,
      that,
      before being required to make any such payment to the Company, the Trustee
      or
      Paying Agent shall, at the expense and written direction of the Company, cause
      to be published once, in an Authorized Newspaper, a notice that such moneys
      remain unclaimed and that, after the date set forth in said notice, the balance
      of such moneys then unclaimed will be returned to the Company.

     

    Upon
      satisfaction and discharge of this Indenture, all moneys then held by any Paying
      Agent other than the Trustee hereunder shall, upon demand of the Company, be
      repaid to it and thereupon such Paying Agent shall be released from all further
      liability with respect to such moneys.

     

    
      
        
        

      

      
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    The
      Trustee or any Paying Agent shall deliver or pay to the Company from time to
      time upon a request in writing by the Company any moneys or U.S. Government
      Obligations (or the principal or interest on such U.S. Government Obligations)
      held by it as provided in Section 6.1 which, in the opinion of a nationally
      recognized firm of independent public accountants expressed in a written
      certification thereof to the Trustee, are then in excess of the amount thereof
      which then would have been required to be deposited for the purpose for which
      such money or U.S. Government Obligations were deposited or
      received.

     

    ARTICLE
      VII

     

    REMEDIES
      UPON DEFAULT

     

    Section
      7.1 Events
      of Default defined — acceleration of maturity upon default — waiver of default
      after acceleration.
      The
      following events are hereby defined for all purposes of this Indenture (except
      where the term is otherwise defined for specific purposes) as Events of Default
      with respect to Debt Securities of a particular series, unless it is either
      inapplicable to a particular series or is specifically deleted or modified
      as
      contemplated by Section 2.2 for the Debt Securities of such series, in addition
      to any other events as may be defined as Events of Default pursuant to Section
      2.2 for the Debt Securities of such series:

     

    (a) Failure
      of the Company to pay or provide for payment of the Principal of, premium,
      if
      any, or make-whole amount, if any, on any of the Debt Securities of such series,
      when and as the same shall become due and payable, whether at maturity thereof,
      by call for redemption, through any mandatory sinking fund, by redemption at
      the
      option of the Holder of any series of Debt Securities pursuant to the terms
      of
      such Debt Security, by declaration of acceleration or otherwise; or

     

    (b) Failure
      of the Company to pay or provide for payment of any installment of interest
      on
      any of the Debt Securities of such series, when and as the same shall become
      due
      and payable, which failure shall have continued for a period of 30 days;
      or

     

    (c) Failure
      of the Company to perform or observe any other of the covenants or agreements
      on
      the part of the Company in this Indenture or in the Debt Securities of such
      series (other than a covenant or agreement which has expressly been included
      in
      this Indenture solely for the benefit of Debt Securities of any series other
      than that series or is expressly made inapplicable to the Debt Securities of
      such series pursuant to Section 2.2), which failure shall have continued for
      a
      period of 30 days after written notice by certified or registered mail given
      to
      the Company by the Trustee hereunder or to the Company and to the Trustee from
      the Holders of not less than 25% of the aggregate Principal Amount of Debt
      Securities then Outstanding of such series under this Indenture specifying
      such
      Event of Default or failure and requesting that it be remedied and stating
      that
      such notice is a notice of an event which, if continued for 60 days after such
      written notice, will become an Event of Default;

     

    
      
        
        

      

      
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    (d) The
      Company or any Significant Subsidiary: commences a voluntary case under any
      Bankruptcy Law,

     

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

     

    (ii) consents
      to the appointment of a custodian or receiver of it or for all or substantially
      all of its property,

     

    (iii) makes
      a
      general assignment for the benefit of its creditors, or

     

    (iv) admits
      in
      writing to its inability to pay its debts generally as they become
      due;

     

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

     

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

     

    (ii) appoints
      a custodian or receiver of the Company or any Significant Subsidiary or for
      all
      or substantially all of the property of any of the foregoing; or

     

    (iii) orders
      the liquidation of the Company or any Significant Subsidiaries;

     

    (iv) and
      such
      order or decree remains unstayed and in effect for 90 consecutive
      days;

     

    (f) The
      failure to pay at final maturity (giving effect to any applicable grace periods
      and any extensions thereof) the stated Principal Amount of any indebtedness
      of
      the Company or any subsidiary of the Company, or the acceleration of the final
      stated maturity of any such Indebtedness (which acceleration is not rescinded,
      annulled or otherwise cured within 30 days of receipt by the Company or such
      subsidiary of notice of any such acceleration) if the aggregate Principal Amount
      of such indebtedness, together with the Principal Amount of any other such
      indebtedness in default for failure to pay principal at final stated maturity
      or
      which has been accelerated (in each case with respect to which the 30-day period
      described above has elapsed), aggregates $10.0 million or more at any time;
      or

     

    (g) One
      or
      more judgments in an aggregate amount in excess of $10.0 million (net of any
      amounts covered by insurance as to which the insurer has acknowledged coverage)
      shall have been rendered against the Company or any of its subsidiaries and
      such
      judgments remain undischarged, unpaid or unstayed for a period of 60 days after
      such judgment or judgments become final and non-appealable.

     

    
      
        
        

      

      
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    If
      one or
      more Events of Default (other than an Event of Default specified in clauses
      (d)
      or (e) of the immediately preceding paragraph) shall occur and be continuing
      with respect to Debt Securities then Outstanding of any series, then, and in
      each and every such case, either the Trustee, by notice in writing to the
      Company, or the Holders of not less than 25% in aggregate Principal Amount
      of
      the Debt Securities then Outstanding of such series, by notice in writing to
      the
      Company and to the Trustee, may declare the Principal Amount (or, if the Debt
      Securities of such series are Original Issue Discount Securities, such portion
      of the Principal Amount as may be specified in the terms of the Debt Securities
      of such series) of all Debt Securities of such series and/or such other amount
      or amounts as the Debt Securities or supplemental indenture with respect to
      such
      series may provide, if not already due and payable, to be immediately due and
      payable; and upon any such declaration all Debt Securities of such series shall
      become and be immediately due and payable, anything in this Indenture or in
      any
      of the Debt Securities of such series contained to the contrary notwithstanding;
      and if an Event of Default specified in clause (d) or (e) of the immediately
      preceding paragraph shall occur and be continuing with respect to Debt
      Securities then Outstanding of any series, then all unpaid Principal of (or,
      if
      the Debt Securities of such series are Original Issue Discount Securities,
      such
      portion of the Principal Amount as may be specified in the terms of the Debt
      Securities of such series) of all Debt Securities of such series and/or such
      other amount or amounts as the Debt Securities or supplemental indenture with
      respect to such series may provide, if not already due and payable, shall ipso
      facto become and be immediately due and payable (without any declaration or
      other act on the part of the Trustee or any Holder of such Debt Securities).
      The
      provisions of the immediately preceding sentence, however, are subject to the
      condition that if, at any time after the Principal of (and/or such other
      specified amount on) the Debt Securities of such series shall so become due
      and
      payable, and before any judgment or decree for the payment of the moneys due
      shall have been obtained or entered as hereinafter provided, the Company shall
      pay or shall deposit with the Trustee a sum sufficient to pay all matured
      installments of interest upon all the Debt Securities of such series and the
      Principal of (and/or such other specified amount), premium, if any, and
      make-whole amount, if any, on any and all Debt Securities of such series which
      shall have become due otherwise than by acceleration, with interest on such
      Principal (and/or such other specified amount), premium, if any, and make-whole
      amount, if any, and (to the extent that payment of such interest is enforceable
      under applicable law) on any overdue installment of interest, at the rate
      specified in the Debt Securities of such series (or, if no such rate is
      specified, at the rate borne by the Debt Securities of such series), to the
      date
      of such payment or deposit, and the compensation and expenses of the Trustee,
      and any and all defaults under this Indenture with respect to the Debt
      Securities of such series, other than the nonpayment of Principal of (and/or
      such other specified amount), premium, if any, or make-whole amount, if any,
      and
      accrued interest on Debt Securities of such series which shall have become
      due
      by acceleration, shall have been remedied, then and in every such case the
      Trustee shall, upon written request or consent of the Holders of a majority
      in
      aggregate Principal Amount of the Debt Securities then Outstanding of such
      series delivered to the Company and to the Trustee, waive such default and
      its
      consequences and rescind or annul such declaration and its consequences, but
      no
      such waiver, rescission or annulment shall extend to or affect any subsequent
      default, or impair any right consequent thereon.

     

    
      
        
        

      

      
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    For
      all
      purposes under this Indenture, if the portion of the Principal Amount as may
      be
      specified in the terms of any Original Issue Discount Securities shall have
      been
      accelerated and declared due and payable pursuant to the provisions hereof,
      then, from and after such declaration, unless such declaration has been
      rescinded and annulled, payment of such portion of the Principal Amount thereof,
      together with interest, if any, thereon and all other amounts owing thereunder,
      shall constitute payment in full of such Original Issue Discount
      Securities.

     

    Section
      7.2 Covenant
      of Company to pay to Trustee whole amount due on default in payment of Principal
      or interest — Trustee may recover judgment for whole amount due — application of
      moneys received by the Trustee.
      In case
      the Company shall commit an Event of Default with respect to the Debt Securities
      of any series described in Section 7.1(a) or (b), then, upon demand of the
      Trustee, the Company shall pay to the Trustee, for the benefit of the Holders
      of
      the Debt Securities then Outstanding of such series, the whole amount which
      then
      shall have become due on all such Debt Securities of such series for Principal,
      premium, if any, make-whole amount, if any, and interest, with interest on
      the
      overdue Principal, premium, if any, and make-whole amount, if any, and (to
      the
      extent that payment of such interest is enforceable under applicable law) upon
      overdue installments of interest, at the rate specified in the Debt Securities
      of such series (or, if no such rate is specified, at the rate borne by the
      Debt
      Securities of such series), and in addition thereto, such additional amount
      as
      shall be sufficient to cover the costs and expenses of collection, including
      the
      compensation, expenses, liabilities, disbursements and advances of the Trustee,
      any predecessor Trustee, their agents and counsel. In case the Company shall
      pay
      the same in accordance with the provisions of this Section 7.2 and, prior to
      such payment neither the Trustee nor the Holders of the Debt Securities then
      Outstanding of such series shall have taken any steps to begin enforcing their
      rights under this Indenture and so long as no additional Event of Default with
      respect to the Debt Securities of such series shall have occurred, from and
      after such payment, the Event of Default giving rise to the demand by the
      Trustee pursuant to this Section 7.2 shall be deemed to be no longer continuing
      and shall be deemed to have thereupon been remedied, cured or waived without
      further action upon the part of either the Trustee or any of the Holders of
      Debt
      Securities. In case the Company shall fail to pay the same forthwith upon such
      demand, the Trustee, in its own name and as trustee of an express trust, may
      institute any judicial proceedings at law or in equity for the collection of
      the
      sums so due and unpaid and may prosecute such proceedings to judgment or final
      decree, and may enforce the same against the Company or any other obligor upon
      the Debt Securities of such series and collect the moneys adjudged or decreed
      to
      be payable in the manner provided by law out of the property of the Company
      or
      any other obligor upon the Debt Securities of such series, wherever situated.
      The right of the Trustee to recover such judgment shall not be affected by
      the
      exercise of any other right, power or remedy for the enforcement of the
      provisions of this Indenture.

     

    
      
        
        

      

      
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    In
      case
      of the pendency of any receivership, insolvency, liquidation, bankruptcy,
      reorganization, arrangement, adjustment, composition or other judicial
      proceeding relative to the Company or any other obligor upon the Debt Securities
      or the property of the Company or of such other obligor or their creditors,
      the
      Trustee (irrespective of whether the Principal of any Debt Securities shall
      then
      be due and payable as therein expressed or by declaration of acceleration or
      otherwise and irrespective of whether the Trustee shall have made any demand
      on
      the Company for the payment of overdue Principal or interest) shall be entitled
      and empowered to file and prove a claim for the whole amount of principal,
      premium, if any, make-whole amount, if any, and interest owing and unpaid in
      respect of the Debt Securities of any series for which it serves as Trustee
      and
      to file such other papers or documents as may be necessary or advisable in
      order
      to have the claims of the Trustee (including any claim for the reasonable
      compensation, expenses, disbursements and advances of the Trustee, any
      predecessor Trustee, their agents and counsel) and of the Holders of Debt
      Securities of such series allowed in such judicial proceeding, and to receive
      payment of or on account of such claims and to distribute the same after the
      deduction of its charges and expenses; and any receiver, assignee, trustee,
      liquidator, sequestrator (or other similar official) in any judicial proceeding
      is hereby irrevocably authorized and instructed by each of the Holders of Debt
      Securities of such series to make such payments to the Trustee, and, in the
      event that the Trustee shall consent to the making of such payments directly
      to
      the Holders of Debt Securities of such series, to pay to the Trustee any amount
      due it or any predecessor Trustee, for compensation and expenses, including
      counsel fees incurred up to the date of such distribution. Nothing contained
      in
      this Indenture shall be deemed to give to the Trustee any right to accept or
      consent to any plan of reorganization, arrangement, adjustment or composition
      affecting the Holders of Debt Securities or the rights of any Holder of Debt
      Securities, or to authorize the Trustee to vote in respect of the claim of
      any
      Holder of Debt Securities in any such proceeding; provided,
      however,
      that
      the Trustee may, on behalf of the Holders of Debt Securities, vote for the
      election of a trustee in bankruptcy or similar official and may be a member
      of
      any creditors’ committee.

     

    Any
      moneys or property received by the Trustee under this Section 7.2 shall be
      applied in the following order, at the date or dates fixed by the Trustee and,
      in case of the distribution of such moneys or property on account of Principal,
      premium, if any, make-whole amount, if any, or interest, upon presentation
      of
      the several Debt Securities of the series in respect of which such moneys were
      received, and stamping thereon the payment, if only partially paid, and upon
      surrender thereof if fully paid: 

     

    First:
      To the
      payment of costs and expenses of collections, and compensation to the Trustee,
      its agents, attorneys and counsel, and all advances made and expenses and
      liabilities incurred by the Trustee, except as a result of its negligence or
      bad
      faith and all other amounts owing to the Trustee or any predecessor Trustee
      pursuant to Section 11.2 hereof;

     

    Second:
      In case
      the Principal of the Outstanding Debt Securities in respect of which such moneys
      were received shall not have become due and be unpaid, to the payment of
      interest on such Debt Securities, in the order of the maturity of the
      installments of such interest, with interest (so far as may be lawful) upon
      the
      overdue installments of interest at the rate specified in such Debt Securities
      (or, if no such rate is specified, at the rate borne by the Debt Securities
      of
      such series), such payments to be made ratably to the persons entitled
      thereto;

     

    
      
        
        

      

      
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    Third:
      In case
      the Principal of the Outstanding Debt Securities in respect of which such moneys
      were received and/or such other amount or amounts as the Debt Securities or
      supplemental indenture with respect to such series shall provide, shall have
      become due, by declaration or otherwise, to the payment of the whole amount
      then
      owing and unpaid upon such Debt Securities for Principal (and/or such other
      specified amount), premium, if any, make-whole amount, if any, and interest,
      with interest on the overdue Principal (and/or such other specified amount),
      premium, if any, make-whole amount, if any, and (so far as may be lawful) upon
      overdue installments of interest, at the rate specified in such Debt Securities
      (or, if no such rate is specified, at the rate borne by the Debt Securities
      of
      such series), and in case such moneys shall be insufficient to pay in full
      the
      whole amount so due and unpaid upon such Debt Securities, then to the payment
      of
      such Principal (and/or such other specified amount), premium, if any, make-whole
      amount, if any, and interest, with interest on the overdue Principal (and/or
      such other specified amount), premium, if any, make-whole amount, if any, and
      (so far as may be lawful) upon overdue installments of interest, at the rate
      specified in such Debt Securities (or, if no such rate is specified, at the
      rate
      borne by the Debt Securities of such series), without preference or priority
      of
      Principal (and/or such other specified amount), premium, if any, and make-whole
      amount, if any, over interest, or of interest over Principal (and/or specified
      amount), premium, if any, make-whole amount, if any, or of any installment
      of
      interest over any other installment of interest, or of any such Debt Security
      over any other such Debt Security, ratably to the aggregate of such Principal
      (and/or such other specified amount), premium, if any, make-whole amount, if
      any, and accrued and unpaid interest; and

     

    Fourth:
      To the
      payment of the remainder, if any, to the Company, its successors or assigns,
      or
      to whomever may be so lawfully entitled to receive the same, or as a court
      of
      competent jurisdiction may direct.

     

    Section
      7.3 Trustee
      may enforce rights of action without possession of Debt
      Securities.
      All
      rights of action under this Indenture or any of the Debt Securities Outstanding
      of any series hereunder enforceable by the Trustee may be enforced by the
      Trustee without the possession of any of the Debt Securities or the production
      thereof at the trial or other proceedings relative thereto, and any such suit
      or
      proceeding instituted by the Trustee shall be brought for the ratable benefit
      of
      the Holders of the Debt Securities with respect to which the rights are being
      exercised, subject to the provisions of this Indenture.

     

    Section
      7.4 Delays
      or omissions not to impair any rights or powers accruing upon
      default.
      No
      delay or omission of the Trustee or of the Holders of Debt Securities to
      exercise any rights or powers accruing upon any default which shall not have
      been remedied shall impair any such right or power, or shall be construed to
      be
      a waiver of any such default or acquiescence therein; and every power and remedy
      given by this Article
      VII
      to the
      Trustee and the Holders of the Debt Securities of any series may be exercised
      from time to time and as often as may be deemed expedient by the Trustee or
      by
      the Holders of the Debt Securities of such series.

     

    Provided
      the Debt Securities of any series shall not then be due and payable by reason
      of
      a declaration pursuant to Section 7.1 hereof, the Holders of at least a majority
      in aggregate Principal Amount of the Debt Securities of such series then
      Outstanding may on behalf of the Holders of all of the Debt Securities of such
      series waive by written notice any past default hereunder and its consequences,
      except a default in the payment of interest on or principal, premium, if any,
      and make-whole amount, if any, of any of the Debt Securities of such series.
      In
      the case of any such waiver, the Company, the Trustee and the Holders of the
      Debt Securities of such series shall be restored to their former positions
      and
      rights hereunder, respectively; but no such waiver shall extend to any
      subsequent or other default or impair any right consequent thereon.

     

    
      
        
        

      

      
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    Section
      7.5 Holders
      of at least a majority in aggregate Principal Amount of Debt Securities of
      any
      series may direct exercise of remedies.
      The
      Holders of at least a majority in aggregate Principal Amount of the Debt
      Securities then Outstanding of any series shall have the right, by an instrument
      in writing executed and delivered to the Trustee, to direct the time, method
      and
      place of conducting any proceedings for any remedy available to the Trustee,
      or
      of exercising any power or trust conferred upon the Trustee under this
      Indenture, with respect to the Debt Securities of such series; provided,
      however,
      that
      subject to the provisions of Section 11.1 of this Indenture, the Trustee shall
      have the right to decline to follow any such direction if the Trustee, being
      advised by counsel, determines that the action or proceedings so directed may
      not lawfully be taken or if the Trustee in good faith shall, by Responsible
      Officers, determine that the action or proceedings so directed would involve
      the
      Trustee in personal liability, or would be unduly prejudicial to the Holders
      of
      the Debt Securities of such series not joining in such direction, it being
      understood that the Trustee (subject to Section 11.1) shall have no duty to
      ascertain whether or not such actions or forebearances are unduly prejudicial
      to
      such Holders, and the Trustee may take any other action deemed proper by the
      Trustee which is not inconsistent with such direction.

     

    Section
      7.6 Limitation
      on suits by Holders of Debt Securities.
      No
      Holder of any Debt Security of any series shall have the right to institute
      any
      suit, action or proceeding, in equity or at law for the execution of any trust
      or power hereof, or for the enforcement of any other remedy under or upon this
      Indenture or the Debt Securities of such series, unless the Holders of a
      majority in aggregate Principal Amount of the Debt Securities then Outstanding
      of such series shall have made written request upon the Trustee and shall have
      afforded to it a reasonable opportunity either to proceed to exercise the powers
      hereinbefore granted or to institute such suit, action or proceeding in its
      own
      name, as Trustee hereunder, and shall have offered to the Trustee indemnity
      satisfactory to the trustee against the costs, expenses and liabilities to
      be
      incurred therein or thereby, and the Trustee shall have not complied with such
      request for 60 days after its receipt of such request and no direction
      inconsistent with such request shall have been given to the Trustee pursuant
      to
      Section 7.6; it being understood and intended that no one or more Holders of
      Debt Securities of any series shall have any right under this Indenture or
      under
      the Debt Securities, by his or their action, to enforce any right hereunder
      except in the manner herein provided, and that all proceedings hereunder, at
      law
      or in equity, shall be instituted, had and maintained in the manner herein
      provided and for the ratable benefit of all Holders of the Debt Securities
      of
      such series. Notwithstanding any provision of this Indenture to the contrary,
      the right, which is absolute and unconditional, of any Holder of Debt Securities
      to receive the payment of the Principal of, premium, if any, make-whole amount,
      if any, and interest on his Debt Securities at and after the respective due
      dates (including maturity by call for redemption, through any sinking fund,
      declaration unless annulled pursuant to Section 7.1 hereof, or otherwise),
      of
      such Principal, premium, if any, make-whole amount, if any, or interest, or
      the
      right, which is also absolute and unconditional, of any Holder of Debt
      Securities to require exchange or conversion of his Debt Securities pursuant
      to
      the terms thereof if the terms of such Debt Securities provide for
      exchangeability or convertibility, or the right to institute suit for the
      enforcement of any such payment at or after such due dates or of such right
      to
      exchange or convert, shall not be impaired or affected without the consent
      of
      such Holder, and the obligation of the Company, which is also absolute and
      unconditional, to pay the Principal of, premium, if any, make-whole amount,
      if
      any, and interest on each of the Debt Securities to the respective Holders
      thereof at the times and places in the Debt Securities expressed shall not
      be
      impaired or affected. 

     

    
      
        
        

      

      
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    Notwithstanding
      anything to the contrary contained in this Section 7.7, the parties to this
      Indenture and the Holders of Debt Securities agree as follows:

     

    Any
      court
      may in its discretion require, in any suit for the enforcement of any right
      or
      remedy under this Indenture, or in any suit against the Trustee for any action
      taken, suffered or omitted by it as Trustee, the filing by any party litigant
      in
      such suit of an undertaking to pay the costs of such suit, and such court may
      in
      its discretion assess reasonable costs, including reasonable attorneys’ fees,
      against any party litigant in such suit, having due regard to the merits and
      good faith of the claims or defenses made by such party litigant; provided,
      however,
      that
      the provisions of this paragraph shall not apply to any suit instituted,
      directly or through an agent or agents, by the Trustee, to any suit instituted
      by any Holder of Debt Securities of any series, or group of Holders of Debt
      Securities of any series, holding in the aggregate more than 10% in aggregate
      Principal Amount of the Debt Securities then Outstanding of such series or
      to
      any suit instituted by any Holder of Debt Securities of any series for the
      enforcement of the payment of the Principal of, premium, if any, make-whole
      amount, if any, or interest on, any Debt Security of such series at or after
      the
      respective due dates of such principal, premium, if any, make-whole amount,
      if
      any, or interest expressed in his Debt Security of such series.

     

    Section
      7.7 No
      Debt Securities owned or held by, for the account of or for the benefit of
      the
      Company to be deemed Outstanding for purpose of payment or
      distribution.
      No Debt
      Securities owned or held by, for the account of or for the benefit of the
      Company or any Affiliate (other than Debt Securities pledged in good faith
      which
      would be deemed Outstanding under the provisions of Section 3.3) shall be deemed
      Outstanding for the purpose of any payment or distribution provided for in
      this
Article
      VII.

     

    Section
      7.8 Company
      and Trustee restored to former position on discontinuance or abandonment of
      proceedings.
      If the
      Trustee shall have proceeded to enforce any right under this Indenture with
      respect to the Debt Securities of any series, and such proceedings shall have
      been discontinued or abandoned because of waiver, or for any other reason,
      or
      shall have been determined adversely to the Trustee, then, and in any such
      case,
      the Company, the Trustee and the Holders of Debt Securities of such series
      shall
      each be restored to their former positions and rights hereunder, and all rights,
      remedies and powers of the Trustee shall continue as though no such proceeding
      had been taken.

     

    Section
      7.9 Statement
      by Officers as to Default.
      The
      Company shall deliver to the Trustee, as soon as possible and in any event
      within five days after the Company becomes aware of the occurrence of any Event
      of Default or an event which, with notice or the lapse of time or both, would
      constitute an Event of Default, an Officers’ Certificate setting forth the
      details of such Event of Default or default and the action which the Company
      proposes to take with respect thereto.

     

    
      
        
        

      

      
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    ARTICLE
      VIII

    

    EVIDENCE
      OF ACTION BY HOLDERS OF DEBT SECURITIES

    

    Section
      8.1 Evidence
      of action by Holders of Debt Securities.
      Any
      demand, request, consent, proxy or other instrument which this Indenture may
      require or permit to be signed and executed by the Holders of Debt Securities
      of
      any series may be in any number of concurrent instruments of similar tenor,
      and
      may be signed or executed by such Holders of Debt Securities in person or by
      an
      attorney duly authorized in writing. Proof of the execution of any such demand,
      request, consent, proxy or other instrument, or of a writing appointing any
      such
      attorney, shall be sufficient for any purpose of this Indenture if made in
      the
      following manner: the fact and date of the execution by any person of such
      demand, request, consent, proxy or other instrument or writing may be proved
      by
      the certificate of any notary public, or other officer authorized to take
      acknowledgments of deeds to be recorded in any state or country, that the person
      signing such request or other instrument or writing acknowledged to him the
      execution thereof, or by an affidavit of a witness of such execution. Where
      such
      execution is by an officer of a corporation or association or a member of a
      partnership on behalf of such corporation, association or partnership, or by
      a
      trustee or other fiduciary, such certificate or affidavit shall also constitute
      sufficient proof of his authority. The Trustee may nevertheless in its
      discretion accept such other proof or require further proof of any matter
      referred to in this Section 8.1 as it shall deem reasonable. The ownership
      of
      Debt Securities shall be proved by the registry books or by a certificate of
      the
      registrar thereof. The Trustee shall not be bound to recognize any person as
      a
      Holder of Debt Securities of any series unless and until his title to the Debt
      Securities of such series held by him is proved in the manner in this
Article
      VIII
      provided.

     

    Any
      demand, request, discretion, waiver, consent, vote or other action of the Holder
      of any series of Debt Securities shall be conclusive and shall bind all future
      Holders of the same Debt Security and of any series of Debt Securities issued
      in
      exchange or substitution therefor irrespective of whether or not any notation
      in
      regard thereto is made upon such Debt Security. Any such Holder, however, may
      revoke the consent as to his Debt Security or portion thereof. Such revocation
      shall be effective only if the Trustee receives the written notice of revocation
      before the date the amendment, supplement, waiver or other action becomes
      effective. An amendment, supplement, waiver or other action shall become
      effective on receipt by the Trustee of written consents from the Holders of
      Debt
      Securities of the requisite percentage in aggregate Principal Amount of the
      Outstanding Debt Securities of the relevant series. After an amendment,
      supplement, waiver or other action becomes effective, it shall bind every Holder
      of Debt Securities of each series of Debt Securities so affected.

     

    The
      Company or the Trustee, as applicable, may set a date for the purpose of
      determining the Holders of Debt Securities entitled to consent, vote or take
      any
      other action referred to in this Section 8.1, which date shall be not less
      than
      10 days nor more than 60 days prior to the taking of the consent, vote or other
      action.

     

    
      
        
        

      

      
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    ARTICLE
      IX

    

    IMMUNITY
      OF SHAREHOLDERS, OFFICERS AND DIRECTORS

    

    Section
      9.1 Immunity
      of stockholders, officers, directors and employees.
      No
      past, present or future director, Officer, employee, incorporator, agent,
      Affiliate or shareholder of the Company, as such, shall have any liability
      for
      any obligations of the Company under the Debt Securities or this Indenture
      or
      for any claim based on, in respect of, or by reason of, such obligations or
      their creation. Each Holder of Debt Securities by accepting a Debt Security
      waives and releases all such liabilities. The waiver and release are part of
      the
      consideration for issuance of the Notes.

     

    ARTICLE
      X

     

    MERGER,
      CONSOLIDATION, SALE OR LEASE

     

    Section
      10.1 Documents
      required to be filed with the Trustee upon consolidation, merger, sale, transfer
      or lease — execution of supplemental indentures — acts of successor
      corporation.
      Nothing
      in this Indenture or in the Debt Securities shall prevent any consolidation
      or
      merger of the Company with or into any other corporation, partnership or limited
      liability company, or any consolidation or merger of any other corporation,
      partnership or limited liability company with or into the Company, or any sale,
      transfer or lease of all or substantially all of the property and assets of
      the
      Company to any other corporation, partnership or limited liability company
      lawfully entitled to acquire the same; provided,
      however,
      that
      the Company hereby covenants and agrees, that any consolidation or merger of
      the
      Company with or into any other corporation, partnership or limited liability
      company or the sale, transfer or lease of all or substantially all of the
      property and assets of the Company and its subsidiaries on a consolidated basis
      shall be upon the condition that (a) the due and punctual payment of the
      Principal of, premium, if any, make-whole amount, if any, and interest on all
      the Debt Securities according to their tenor, and the due and punctual
      performance and observance of all the terms, covenants and conditions of this
      Indenture to be kept or performed by the Company shall, by a supplemental
      indenture hereto complying with the provisions of Section 12.1, executed and
      delivered to the Trustee, be expressly assumed by the corporation, partnership
      or limited liability company (other than the Company) formed by or resulting
      from any such consolidation or merger, or which shall have received the transfer
      or lease of all or substantially all of the property and assets of the Company
      and its subsidiaries on a consolidated basis, just as fully and effectually
      as
      if such successor corporation, partnership or limited liability company had
      been
      an original party hereto; and (b) the Company or such successor corporation,
      partnership or limited liability company, as the case may be, shall not,
      immediately after such consolidation, merger, sale, transfer or lease, be in
      default in the performance of any such covenant or condition. Thereafter, unless
      otherwise specified pursuant to Section 2.2 for the Debt Securities of any
      series, all obligations of the predecessor corporation, partnership or limited
      liability company under the Debt Securities of such series shall terminate.
      In
      the event of any such sale, transfer or lease, the predecessor Company may
      be
      dissolved, wound up and liquidated at any time thereafter.

     

    
      
        
        

      

      
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    Every
      such successor corporation, partnership or limited liability company, upon
      executing a supplemental indenture hereto as provided in this Section 10.1
      in
      form satisfactory to the Trustee, shall succeed to and be substituted for the
      Company with the same effect as if it had been named herein as the Company;
      and
      any order, certificate or resolution of the Board or officers of the Company
      provided for in this Indenture may be made by like officials of such successor
      corporation, partnership or limited liability company. Such successor
      corporation, partnership or limited liability company may thereupon cause to
      be
      signed, either in its own name or in the name of the Company, with such suitable
      reference, if any, to such consolidation, merger, sale, transfer or lease as
      may
      be required by the Trustee, any or all of the Debt Securities which shall not
      theretofore have been signed by the Company and authenticated by the Trustee
      or
      any Authenticating Agent; and upon the written order of such successor
      corporation, partnership or limited liability company in lieu of the Company,
      signed by not less than two Officers of such successor corporation, partnership
      or limited liability company, and subject to all the terms, conditions and
      restrictions herein prescribed with respect to the authentication and delivery
      of the Debt Securities, the Trustee or any Authenticating Agent shall
      authenticate and deliver any and all Debt Securities which shall have been
      previously signed by the proper Officers of the Company and delivered to the
      Trustee or any Authenticating Agent for authentication and any of such Debt
      Securities which such successor corporation, partnership or limited liability
      company shall thereafter, in accordance with the provisions of this Indenture,
      cause to be signed and delivered to the Trustee or any Authenticating Agent
      for
      such purpose. All Debt Securities of any series so authenticated and delivered
      shall in all respects have the same rank as the Debt Securities of such series
      theretofore or thereafter authenticated and delivered in accordance with the
      terms of this Indenture.

     

    Notwithstanding
      the foregoing, this Section 10.1 shall not apply in the event, and to the
      extent, that any such consolidation, merger, sale, transfer or lease described
      above is expressly permitted pursuant to the terms of any supplemental indenture
      governing any series of Debt Securities, provided that the Company complies
      with
      all conditions set forth in such supplemental indenture for any such
      consolidation, merger, sale, transfer or lease.

     

    Section
      10.2 Trustee
      may rely upon Opinion of Counsel.
      The
      Trustee shall receive, subject to the provisions of Section 11.1 of this
      Indenture, and be fully protected in relying upon an Officers’ Certificate and
      Opinion of Counsel as conclusive evidence that any supplemental indenture
      executed under the foregoing Section 10.1 complies with the foregoing conditions
      and provisions of this Article
      X.

     

    ARTICLE
      XI

     

    CONCERNING
      THE TRUSTEE

     

    Section
      11.1 Certain
      Duties and Responsibilities.

     

    (a) Except
      during the continuance of an Event of Default,

     

    (i) the
      Trustee undertakes to perform such duties and only such duties as are
      specifically set forth in this Indenture, and no implied covenants or
      obligations shall be read into this Indenture against the Trustee;
      and

     

    
      
        
        

      

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

     

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

     

    (c) No
      provision of this Indenture shall be construed to relieve the Trustee from
      liability for its own negligent action, its own negligent failure to act, or
      its
      own willful misconduct, except that

     

    (i) this
      Subsection shall not be construed to limit the effect of Subsection (a) of
      this
      Section;

     

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

     

    (iii) the
      Trustee shall not be liable with respect to any action taken or omitted to
      be
      taken by it in good faith in accordance with the direction of the Holders of
      a
      majority in principal amount of the Outstanding Securities of any series,
      determined as provided in Sections 101, 104 and 512, relating to the time,
      method and place of conducting any proceeding for any remedy available to the
      Trustee, or exercising any trust or power conferred upon the Trustee, under
      this
      Indenture with respect to the Securities of such series; and

     

    (iv) no
      provision of this Indenture shall require the Trustee to expend or risk its
      own
      funds or otherwise incur any financial liability in the performance of any
      of
      its duties hereunder, or in the exercise of any of its rights or powers, if
      it
      shall have reasonable grounds for believing that repayment of such funds or
      adequate indemnity against such risk or liability is not reasonably assured
      to
      it.

     

    
      
        
        

      

      
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    (d) Whether
      or not therein expressly so provided, every provision of this Indenture relating
      to the conduct or affecting the liability of or affording protection to the
      Trustee shall be subject to the provisions of this Section.

     

    (e) Subject
      to the limitations set forth above in Section 11.1:

     

    (i) the
      Trustee may conclusively rely and shall be protected in acting or refraining
      from action upon any resolution, certificate, opinion, notice, consent, request,
      order, appraisal, report, bond or other paper or document believed by it to
      be
      genuine and to have been signed or presented by the proper party or
      parties;

     

    (ii) before
      the Trustee acts or refrains from acting, the Trustee may consult with counsel
      of its selection and the advice of such counsel or any Opinion of Counsel shall
      be full and complete authorization and protection in respect of any action
      taken, suffered or omitted by it hereunder in good faith and in accordance
      with
      such advice or Opinion of Counsel;

     

    (iii) whenever
      in the administration of the trusts of this Indenture, prior to an Event of
      Default hereunder and after the curing or waiving of all Events of Default
      which
      may have occurred, the Trustee shall deem it necessary or desirable that a
      matter be proved or established prior to taking, suffering or omitting any
      action hereunder, such matter (unless other evidence in respect thereof be
      herein specifically prescribed) may be deemed to be conclusively proved and
      established by an Officers’ Certificate delivered to the Trustee, and such
      certificate shall be full warrant to the Trustee for any action taken, suffered
      or omitted by it under the provisions of this Indenture upon the faith
      thereof;

     

    (iv) the
      Trustee shall be under no obligation to exercise any of the trusts or powers
      hereof at the request, order or direction of any of the Holders of Debt
      Securities, pursuant to the provisions of this Indenture, unless such Holders
      of
      Debt Securities shall have offered to the Trustee indemnity satisfactory to
      the
      trustee against all the costs, expenses and liabilities which might be incurred
      therein;

     

    (v) the
      Trustee shall not be liable for any action taken or omitted to be taken by
      it in
      good faith and believed by it to be authorized or within the discretion or
      power
      conferred upon it by this Indenture;

     

    (vi) the
      Trustee shall not be bound to make any investigation into the facts or matters
      stated in any resolution, certificate, statement, instrument, opinion, report,
      notice, request, direction, consent, order, bond, debenture, note, other
      evidence of indebtedness or other paper or document, but the Trustee, in its
      discretion, may make such further inquiry or investigation into such facts
      or
      matters as it may see fit, and, if the Trustee shall determine to make such
      further inquiry or investigation, it shall be entitled to examine the books,
      records and premises of the Company, personally or by agent or attorney at
      the
      sole cost of the Company and shall incur no liability or additional liability
      of
      any kind by reason of such inquiry or investigation.

     

    
      
        
        

      

      
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    (vii) the
      Trustee shall not be required to give any bond or surety in respect of the
      performance of its powers and duties hereunder;

     

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

     

    (ix) any
      request or direction of the Company mentioned herein shall be sufficiently
      evidenced by a Company Request or Company Order and any resolution of the Board
      of Directors may be sufficiently evidenced by a Board Resolution;
      and

     

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

     

    (xi) the
      Trustee shall not be deemed to have notice of any Default or Event of Default
      unless a Responsible Officer of the Trustee has actual knowledge thereof or
      unless written notice of any event which is in fact such a default is received
      by the Trustee at the principal trust office of the Trustee, and such notice
      references the Debt Securities and this Indenture;

     

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

     

    (xiii) the
      Trustee may request that the Company deliver an Officers’ Certificate setting
      forth the names of individuals and/or titles of officers authorized at such
      time
      to take specified actions pursuant to this Indenture, which Officers’
Certificate may be signed by any person authorized to sign an Officers’
Certificate, including any person specified as so authorized in any such
      certificate previously delivered and not superseded.

     

    
      
        
        

      

      
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    Section
      11.2 Reimbursement
      and Indemnities.
      The
      Company agrees:

     

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

     

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

     

    (3) to
      indemnify each of the Trustee or any predecessor Trustee and their agents for,
      and to hold them harmless against, any and all loss, damage, claims, liability
      or expense, including taxes (other than taxes based upon, measured by or
      determined by the income of the Trustee), arising out of or in connection with
      the acceptance or administration of the trust or trusts hereunder, including
      the
      costs and expenses of defending itself against any claim (whether asserted
      by
      the Company, or any Holder or any other Person) or liability in connection
      with
      the exercise or performance of any of its powers or duties hereunder, or in
      connection with enforcing the provisions of this Section, except to the extent
      that such loss, damage, claim, liability or expense is due to its own negligence
      or bad faith.

     

    If
      any
      property other than cash shall at any time be subject to a lien in favor of
      the
      Holders of Debt Securities, the Trustee, if and to the extent authorized by
      a
      receivership or bankruptcy court of competent jurisdiction or by the
      supplemental instrument subjecting such property to such lien, shall be entitled
      to make advances for the purpose of preserving such property or of discharging
      tax liens or other prior liens or encumbrances thereon. The obligations of
      the
      Company under this Section 11.2 to compensate the Trustee and to indemnify,
      pay
      or reimburse the Trustee or any predecessor Trustee for expenses, disbursements
      and advances shall constitute additional indebtedness hereunder and shall
      survive the resignation or removal of the Trustee, the termination of this
      Indenture, and the satisfaction and discharge or any other termination pursuant
      to any Bankruptcy Law hereof. Such additional indebtedness shall be secured
      by a
      lien prior to that of the Debt Securities of all series with respect to which
      the Trustee acts as Trustee upon all property and funds held or collected by
      the
      Trustee as such, except funds held in trust for the benefit of the Holders
      of
      particular Debt Securities.

     

    The
      Trustee shall not be accountable for the use or application by the Company
      of
      any Debt Securities authenticated and delivered hereunder or of the proceeds
      of
      such Debt Securities, or for the use or application of any moneys paid over
      by
      the Trustee in accordance with any provision of this Indenture, or for the
      use
      or application of any moneys received by any paying agent.

     

    All
      moneys received by the Trustee in trust under or pursuant to any provision
      of
      this Indenture shall constitute trust funds for the purposes for which they
      were
      paid or were held, but need not be segregated in any manner from any other
      moneys and may be deposited by the Trustee, under such conditions as may be
      prescribed by law, in its general banking department, and the Trustee shall
      not
      be liable for any interest thereon, except as otherwise agreed with the
      Company.

     

    
      
        
        

      

      
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    The
      parties hereto, and the Holders of Debt Securities by their acceptance of their
      Debt Securities, hereby agree, that when the Trustee incurs expenses and renders
      services after an Event of Default occurs, such expenses and the compensation
      for such services are intended by the Holders of the Debt Securities and Company
      to constitute expenses of administration under any Bankruptcy Law.

     

    Section
      11.3 Trustee
      to give Holders of Debt Securities notice of default.
      The
      Trustee shall give to the Holders of Debt Securities of any series notice of
      the
      happening of all defaults with respect to the Debt Securities of such series
      known to it, within 90 days after the occurrence thereof unless such defaults
      shall have been cured before the giving of such notice; provided,
      however,
      that,
      except in the case of a default resulting from the failure to make any payment
      of Principal of, premium, if any, make-whole amount, if any, or interest on
      the
      Debt Securities of any series, or in the payment of any mandatory sinking fund
      installment with respect to the Debt Securities of such series, the Trustee
      may
      withhold the giving of such notice if and so long as the board of directors,
      the
      executive committee or a trust committee of directors and/or Responsible
      Officers of the Trustee in good faith determine that the withholding of such
      notice is in the interest of the Holders of Debt Securities of such series.
      For
      the purpose of this Section 11.3, the term “default” means any event which is,
      or after notice or lapse of time or both would become, an Event of Default.
      Such
      notice shall be given to the Holders of Debt Securities of such series in the
      manner and to the extent provided in subsection (c) of Section
      11.10.

     

    Section
      11.4 Trustee
      acquiring conflicting interest must eliminate it or resign.
      Reference is made to Section 310(b) of the Trust Indenture Act. There shall
      be
      excluded under Section 310(b)(1) thereof this Indenture with respect to the
      Debt
      Securities of any series other than the Debt Securities of the first
      series.

     

    Section
      11.5 Eligibility
      of Trustee.
      There
      shall at all times be a corporate Trustee under this Indenture which shall
      be a
      bank or trust company organized and doing business under the laws of the United
      States or of any State or the District of Columbia and having a combined capital
      and surplus of not less than $50,000,000 which is authorized under the laws
      of
      its jurisdiction of incorporation to exercise corporate trust powers and is
      subject to supervision or examination by Federal, State or District of Columbia
      authority and which has an office or agency in New York, New York. If the
      Trustee publishes reports of condition at least annually, pursuant to law or
      to
      the requirements of the aforesaid supervising or examining authority, the
      combined capital of the Trustee shall be deemed to be its combined capital
      and
      surplus as set forth in its most recent report of condition so published. If
      the
      Trustee shall at any time cease to meet the foregoing standards of eligibility,
      then such Trustee shall resign immediately in the manner and with the effect
      specified in Section 11.6.

     

    Section
      11.6 Resignation
      or removal of Trustee.

     

    (a) Subject
      to the limitations contained in subsection (d) of this Section 11.6, the Trustee
      may resign and be discharged from the trust hereby created with respect to
      the
      Debt Securities of one or more series by giving notice thereof to the Company
      in
      the manner and to the extent provided in subsection (c) of Section 11.10. Upon
      receiving such notice of resignation, the Company shall promptly appoint a
      successor trustee or trustees (it being understood that any such successor
      trustee may be appointed with respect to the Debt Securities of one or more
      or
      all of such series with respect to which the resigning trustee has resigned
      and
      that at any time there shall be only one trustee with respect to the Debt
      Securities of any particular series) by written instrument, in duplicate,
      executed by order of the Board of Directors, one copy of which instrument shall
      be delivered to the resigning trustee and one copy to the successor trustee.
      If
      no successor trustee shall have been so appointed and have accepted appointment
      within 60 days after the mailing of such notice of resignation, the resigning
      trustee may, at the expense of the Company, petition any court of competent
      jurisdiction for the appointment of a successor trustee, or any Holder of Debt
      Securities of such series who has been a bona fide Holder of a Debt Security
      or
      Debt Securities of such series for at least six months may on behalf of himself
      and all others similarly situated, petition any such court for the appointment
      of a successor trustee. Such court may thereupon, after such notice, if any,
      as
      it may deem proper and prescribe, appoint a successor trustee.

     

    
      
        
        

      

      
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    (b) In
      case
      at any time any of the following shall occur:

     

    (i) the
      Trustee shall fail to comply with the provisions of Section 11.4 with respect
      to
      the Debt Securities of any series after written request therefor by the Company
      or by any Holder of Debt Securities of such series who has been a bona fide
      Holder of a Debt Security or Debt Securities of such series for at least six
      months; or

     

    (ii) the
      Trustee shall cease to be eligible in accordance with the provisions of Section
      11.5 with respect to the Debt Securities of any series and shall fail to resign
      after written request therefor by the Company or by any such Holder of Debt
      Securities; or

     

    (iii) the
      Trustee shall become incapable of acting, or shall be adjudged a bankrupt or
      insolvent, or a receiver of the Trustee or of its property shall be appointed,
      or any public officer shall take charge or control of the Trustee or of its
      property or affairs then, in any such case, the Company may remove the Trustee
      with respect to all Debt Securities of such series and appoint a duly qualified
      successor trustee by written instrument, in duplicate, executed by order of
      the
      Board of Directors of the Company, one copy of which instrument shall be
      delivered to the Trustee so removed and one copy to the successor trustee so
      appointed, or, subject to the provisions of Section 7.7, any Holder of Debt
      Securities who has been a bona fide Holder of a Debt Security or Debt Securities
      of such series for at least six months may, on behalf of himself and all others
      similarly situated, petition any court of competent jurisdiction for the removal
      of the Trustee with respect to all Debt Securities of such series and the
      appointment of a successor trustee. Such court may thereupon after such notice,
      if any, as it may deem proper and prescribe, remove the Trustee and appoint
      a
      duly qualified successor trustee with respect to the Debt Securities of such
      series.

     

    
      
        
        

      

      
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    (c) The
      Holders of at least a majority in aggregate Principal Amount of the Debt
      Securities then Outstanding of any series may at any time remove the Trustee
      and
      appoint a duly qualified successor trustee with respect to such series by
      delivery to the Trustee so removed, to the successor trustee and to the Company
      of the evidence provided for in Section 8.1 of the action in that regard taken
      by Holders of Debt Securities.

     

    (d) Any
      resignation or removal of the Trustee and any appointment of a duly qualified
      successor trustee pursuant to any of the provisions of this Section shall become
      effective upon acceptance of appointment by the successor trustee as provided
      in
      Section 11.7.

     

    Section
      11.7 Acceptance
      by successor Trustee.

     

    (a) In
      case
      of the appointment hereunder of a successor trustee with respect to all Debt
      Securities, every duly qualified successor trustee so appointed under any of
      the
      methods herein provided shall execute, acknowledge and deliver to its
      predecessor trustee and to the Company an instrument in writing accepting such
      appointment hereunder and thereupon such successor trustee, without any further
      act, deed or conveyance, shall become fully vested with the rights, powers,
      trusts, duties and obligations of its predecessor in the trust hereunder with
      like effect as if originally named as Trustee herein. The predecessor trustee
      shall, nevertheless, at the written request of the successor trustee, pay over
      to the successor trustee all moneys at the time held by it herein; and the
      Company and the predecessor trustee upon payment or provision therefor of any
      amounts then due the predecessor trustee pursuant to the provisions of Section
      11.2, shall execute and deliver such instruments and do such other things as
      may
      reasonably be required for more fully and certainly vesting and confirming
      in
      the successor trustee all such rights, powers, trusts, duties and obligations.
      The Company shall promptly give notice of the appointment of such successor
      trustee to the Holders of Debt Securities in the manner and to the extent
      provided in subsection (c) of Section 11.10.

     

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

     

    
      
        
        

      

      
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    Section
      11.8 Successor
      to Trustee by merger or consolidation, etc.
      Any
      corporation or national banking association into which the Trustee may be
      merged, or with which it may be consolidated, or to which the Trustee transfers
      all or substantially all of its corporate trust assets, or any corporation
      or
      national banking association resulting from any merger or consolidation or
      conversion to which the Trustee shall be a party, shall be the successor trustee
      under this Indenture without the execution or filing of any instruments or
      any
      further act on the part of any of the parties hereto. In case at the time such
      successor trustee shall succeed to the trusts created by this Indenture any
      of
      the Debt Securities shall have been authenticated but not delivered, any such
      successor trustee may adopt the certificate of authentication of its predecessor
      trustee, and deliver such Debt Securities so authenticated; and in case at
      that
      time any of the Debt Securities shall not have been authenticated, any successor
      trustee may authenticate such Debt Securities either in the name of any
      predecessor hereunder or in the name of the successor trustee; and in all such
      cases such certificates shall have the full force which it is anywhere in the
      Debt Securities or in this Indenture provided that the certificate of
      authentication of the Trustee shall have; provided,
      however,
      that
      the right to adopt the certificate of authentication of any predecessor trustee
      or authenticate Debt Securities in the name of any predecessor trustee shall
      apply only to its successor or successors by merger, conversion or
      consolidation.

     

    Section
      11.9 Preferential
      Collection of Claims.
      If and
      when the Trustee shall be or become a creditor of the Company (or any other
      obligor upon the Debt Securities), the Trustee shall be subject to the
      provisions of the Trust Indenture Act regarding the collection of claims against
      the Company (or any such other obligor).

     

    
      
        
        

      

      
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    Section
      11.10 Reports
      by Trustee

     

    (a) The
      Trustee shall transmit to Holders such reports concerning the Trustee and its
      actions under this Indenture as may be required pursuant to the Trust indenture
      Act at the times and in the manner provided pursuant thereto. If required by
      Section 313(a) of the Trust Indenture Act, the Trustee shall, within sixty
      days
      after each [ ] following the date of the initial issuance of Debt Securities
      under this Indenture deliver to Holders a brief report, dated as of such [
      ],
      which complies with the provisions of such Section 313(a).

     

    (b) A
      copy of
      each such report shall, at the time of such transmission to Holders, be filed
      by
      the Trustee with each stock exchange, if any, upon which the Debt Securities
      are
      listed, with the Commission and with the Company. The Company will promptly
      notify the Trustee in writing when the Debt Securities are listed on any stock
      exchange and of any delisting thereof.

     

    Section
      11.11 Preservation
      of information by Trustee - Trustee to give certain information to Holders
      of
      Debt Securities upon application.
      The
      Trustee shall preserve, in as current a form as is reasonably practicable,
      all
      information furnished it pursuant to Section 4.6(d) hereof or received by it
      as
      Debt Security registrar hereunder. The Trustee may destroy such information
      upon
      receipt of new information updating information previously
      furnished.

     

    Section
      11.12 Trustee
      may hold Debt Securities and otherwise deal with Company.
      The
      Trustee, the Debt Security registrar, any paying agent or any other agent of
      the
      Company in its individual or any other capacity may buy, own, hold and sell
      any
      of the Debt Securities or any other evidences of indebtedness or other
      securities, whether heretofore or hereafter created or issued, of the Company
      or
      any subsidiary or Affiliate with the same rights it would have if it were not
      Trustee, Debt Security registrar, paying agent or such other agent; and subject
      to the provisions of this Article
      XI,
      the
      Trustee may engage or be interested in any financial or other transaction with
      the Company or any subsidiary or Affiliate, including, without limitation,
      secured and unsecured loans to the Company or any subsidiary or Affiliate;
      and
      may maintain any and all other general banking and business relations with
      the
      Company and any subsidiary or Affiliate with like effect and in the same manner
      and to the same extent as if the Trustee were not a party to this Indenture;
      and
      no implied covenant shall be read into this Indenture against the Trustee in
      respect of any such matters.

     

    Section
      11.13 Trustee
      may comply with any rule, regulation or order of the Securities and Exchange
      Commission.
      The
      Trustee may comply in good faith with any rule, regulation or order of the
      Securities and Exchange Commission made pursuant to the terms and provisions
      of
      the Trust Indenture Act and shall be fully protected in so doing notwithstanding
      that such rule, regulation or order may thereafter be amended or rescinded
      or
      determined by judicial or other authority to be invalid for any reason, but
      nothing herein contained shall require the Trustee to take any action or omit
      to
      take any action in accordance with such rule, regulation or order, except as
      is
      in this Indenture otherwise required.

     

    
      
        
        

      

      
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    Section
      11.14 Appointment
      of Authenticating Agent.
      The
      Trustee may appoint an Authenticating Agent or Agents with respect to one or
      more series of Debt Securities which shall be authorized to act on behalf of
      the
      Trustee to authenticate Debt Securities of such series issued upon exchange,
      registration of transfer or partial redemption or partial conversion thereof,
      and if the Trustee is required to appoint one or more Authenticating Agents
      with
      respect to any series of Debt Securities, to authenticate Debt Securities of
      such series and to take such other actions as are specified in Sections 2.4,
      2.8, 2.11 and 5.2, and Debt Securities so authenticated shall be entitled to
      the
      benefits of this Indenture and shall be valid and obligatory for all purposes
      as
      if authenticated by the Trustee hereunder. Wherever reference is made in this
      Indenture to the authentication and delivery of Debt Securities by the Trustee
      or the Trustee’s certificate of authentication, such reference shall be deemed
      to include authentication and delivery on behalf of the Trustee by an
      Authenticating Agent and a certificate of authentication executed on behalf
      of
      the Trustee by an Authenticating Agent (except in respect of original issue
      and
      Section 2.9). Each Authenticating Agent shall be acceptable to the Company
      and
      shall at all times be a corporation organized and doing business under the
      laws
      of the United States of America, any State thereof or the District of Columbia,
      authorized under such laws to act as Authenticating Agent, having a combined
      capital and surplus of not less than $1,000,000 and subject to supervision
      or
      examination by Federal or State authority. If such Authenticating Agent
      publishes reports of condition at least annually, pursuant to law or to the
      requirements of said supervising or examining authority, then for the purposes
      of this Section 11.14, the combined capital and surplus of such Authenticating
      Agent shall be deemed to be its combined capital and surplus as set forth in
      its
      most recent report of condition so published. If at any time an Authenticating
      Agent shall cease to be eligible in accordance with the provisions of this
      Section 11.14, such Authenticating Agent shall resign immediately in the manner
      and with the effect specified in this Section 11.14.

     

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

     

    An
      Authenticating Agent may resign at any time by giving written notice thereof
      to
      the Trustee and to the Company. The Trustee may at any time terminate the agency
      of an Authenticating Agent by giving written notice thereof to such
      Authenticating Agent and to the Company. Upon receiving such a notice or
      resignation or upon such a termination, or in case at any time such
      Authenticating Agent shall cease to be eligible in accordance with the
      provisions of this Section 11.14, the Trustee may appoint a successor
      Authenticating Agent which shall be acceptable to the Company and shall provide
      notice to the Holders of the Debt Securities of the series as to which the
      Authenticating Agent will serve as provided in Section 3.9. Any successor
      Authenticating Agent upon acceptance of its appointment hereunder shall become
      vested with all the rights, powers and duties of its predecessor hereunder,
      with
      like effect as if originally named as an Authenticating Agent. No successor
      Authenticating Agent shall be appointed unless eligible under the provisions
      of
      this Section 11.14.

     

    
      
        
        

      

      
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    The
      Company agrees to pay each Authenticating Agent from time to time reasonable
      compensation for its services under this Section. If all of the Debt Securities
      of a series
      may not be originally issued at one time, and if the Trustee does not have
      an
      office capable of authenticating Debt Securities upon original issuance located
      where the Company wishes to have Debt Securities of such series authenticated
      upon original issuance, the Trustee, if so requested by the Company in writing
      (which writing need not comply with Section 3.8 and need not be accompanied
      by
      an Opinion of Counsel), shall appoint in accordance with this Section 11.14
      an
      Authenticating Agent having an office in a place designated by the Company
      with
      respect to such series of Debt Securities.

     

    ARTICLE
      XII

     

    SUPPLEMENTAL
      INDENTURES

     

    Section
      12.1 Company
      and Trustee may enter into supplemental indenture for special
      purposes.
      Without
      the consent of any of the Holders of Debt Securities, the Company, when
      authorized by resolution of its Board of Directors, and, upon receipt of an
      Opinion of Counsel stating that the execution of such supplemental indenture
      is
      authorized or permitted by this Indenture, is duly authorized by all necessary
      corporate action, constitutes the valid and binding obligation of the Company
      and is in compliance with applicable law, the Trustee from time to time and
      at
      any time, subject to the conditions and restrictions in this Indenture
      contained, may enter into an indenture or supplemental indentures in form
      satisfactory to the Trustee, which thereafter shall form a part hereof, for
      any
      one or more of the following purposes:

     

    (a) to
      add to
      the covenants and agreements of the Company in this Indenture contained, other
      covenants and agreements thereafter to be observed for the benefit of the
      Holders of all or any series of Debt Securities (and if such covenants and
      agreements are to be for the benefit of less than all series of Debt Securities,
      stating that such covenants and agreements are expressly being included solely
      for the benefit of such series) or to surrender any right or power herein
      reserved to or conferred upon the Company; or

     

    (b) to
      cure
      any ambiguity or to cure, correct or supplement any defect or inconsistent
      provision contained in this Indenture or in any supplemental indenture;
      or

     

    (c) to
      make
      such provisions in regard to matters or questions arising under this Indenture
      which may be necessary or desirable, or otherwise change this Indenture in
      any
      manner which shall not adversely affect the interests of the Holders of Debt
      Securities of any series; or

     

    (d) to
      evidence the succession of another corporation to the Company, or successive
      successions, and the assumption by the successor corporation of the covenants,
      agreements and obligations of the Company pursuant to Article
      X
      and to
      provide for the adjustment of conversion or exchange rights with respect to
      any
      Debt Securities, provided that such adjustment is made in accordance with the
      provisions of such Debt Securities or the resolution of the Board of Directors
      or the supplemental indenture pursuant to which such Debt Securities were
      issued; or

     

    
      
        
        

      

      
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    (e) to
      establish the form or terms of the Debt Securities of any series as permitted
      by
      Sections 2.1 and 2.2; or

     

    (f) to
      change
      or eliminate any of the provisions of this Indenture, provided that, except
      as
      otherwise contemplated by Section 2.2(11), any such change or elimination shall
      become effective only when there is no Debt Security outstanding of any series
      created prior thereto which is entitled to the benefit of such provision;
      or

     

    (g) to
      add or
      change any of the provisions of this Indenture to such extent as shall be
      necessary to permit or facilitate the issuance of Debt Securities in bearer
      form, registrable or not registrable as to principal, and with or without
      interest coupons, or to provide for uncertificated Debt Securities in addition
      to certificated Debt Securities (so long as any “registration-required
      obligation” within the meaning of Section 163(f)(2) of the Code is in registered
      form for purposes of the Code); or

     

    (h) to
      amend
      or supplement any provision contained herein, which was required to be contained
      herein in order for this Indenture to be qualified under the Trust Indenture
      Act, if the Trust Indenture Act or regulations thereunder change what is so
      required to be included in qualified indentures, in any manner not inconsistent
      with what then may be required for such qualification; or

     

    (i) to
      add
      any additional Events of Default (and if such Events of Default are to be
      applicable to less than all series of Debt Securities, stating that such Events
      of Default are expressly being included solely to be applicable to such series);
      or

     

    (j) to
      convey, transfer, assign, mortgage or pledge to the Trustee as security for
      the
      Debt Securities of one or more series any property or assets; or

     

    (k) to
      add to
      or change any of the provisions of this Indenture as contemplated in Section
      11.7(b);

     

    and
      the
      Company hereby covenants that it will fully perform all the requirements of
      any
      such supplemental indenture which may be in effect from time to
      time.

     

    Nothing
      in this Article
      XII
      contained shall affect or limit the right or obligation of the Company to
      execute and deliver to the Trustee any instrument of further assurance or other
      instrument which elsewhere in this Indenture it is provided shall be delivered
      to the Trustee.

     

    The
      Trustee shall join with the Company in the execution of any such supplemental
      indenture, make any further appropriate agreements and stipulations which may
      be
      therein contained and accept the conveyance, transfer, assignment, mortgage
      or
      pledge of any property thereunder, but the Trustee shall not be obligated to
      enter into any such supplemental indenture which adversely affects the Trustee’s
      own rights, duties or immunities under this Indenture or otherwise.

     

    
      
        
        

      

      
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    Any
      supplemental indenture authorized by the provisions of this Section 12.1 may
      be
      executed by the Company and the Trustee without the consent of the Holders
      of
      any of the Debt Securities at the time Outstanding, notwithstanding any of
      the
      provisions of Section 12.2.

     

    Section
      12.2 Modification
      of Indenture with consent of Holders of Debt Securities.
      With
      the consent (evidenced as provided in Section 8.1) of the Holders of at least
      a
      majority in aggregate Principal Amount of the Debt Securities at the time
      Outstanding of each series affected by such supplement, the Company, when
      authorized by a resolution of its Board of Directors, and the Trustee may from
      time to time and at any time enter into an indenture or supplemental indentures
      for the purpose of adding any provision to or changing in any manner or
      eliminating any of the provisions of this Indenture or of any supplemental
      indenture or of modifying in any manner the rights of the Holders of such series
      of the Debt Securities; provided,
      however,
      that no
      such supplemental indenture shall (i) extend the time or times of payment of
      the
      Principal of, premium, if any, make-whole amount, if any, or the interest on,
      any series of Debt Securities, or reduce the Principal Amount of, premium,
      if
      any, make-whole amount, if any, or the rate of interest on, any series of Debt
      Securities (and/or such other amount or amounts as any Debt Securities or
      supplemental indentures with respect thereto may provide to be due and payable
      upon declaration of acceleration of the maturity thereof pursuant to Section
      7.1) or change the currency of payment of Principal of, premium, if any,
      make-whole amount, if any, or interest on, any series of Debt Securities or
      reduce any amount payable on redemption thereof or alter or impair the right
      to
      convert the same at the rate and upon the terms provided in the Indenture or
      alter or impair the right to require redemption at the option of the Holder,
      without the consent of the Holder of each Debt Security so affected, or (ii)
      reduce the percentage of Debt Securities of any series, the vote or consent
      of
      the Holders of which is required for such modifications and alterations, without
      the consent of the Holders of all Debt Securities then Outstanding of such
      series under the Indenture. Notwithstanding the foregoing, no consent of the
      Holders of any series of Debt Securities shall be necessary to permit the
      execution of a supplemental indenture to provide for the adjustment of
      conversion or exchange rights with respect to any Debt Securities, provided
      that
      such adjustment is made in accordance with the provisions of such Debt
      Securities or the resolution of the Board of Directors or the supplemental
      indenture pursuant to which such Debt Securities were issued.

     

    Upon
      the
      request of the Company, accompanied by a Certified Resolution authorizing the
      execution of any such supplemental indenture, and upon the filing with the
      Trustee of evidence of the consent of Holders of Debt Securities as aforesaid,
      the Trustee shall join with the Company in the execution of such supplemental
      indenture unless such supplemental indenture affects the Trustee’s own rights,
      duties or immunities under this Indenture or otherwise, in which case the
      Trustee may, in its discretion, but shall not be obligated, to enter into such
      supplemental indenture.

     

    It
      shall
      not be necessary for the consent of the Holders of Debt Securities under this
      Section 12.2 to approve the particular form of any proposed supplemental
      indenture, but is shall be sufficient if such consent shall approve the
      substance thereof.

     

    
      
        
        

      

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

     

    Section
      12.3 Effect
      of supplemental indentures.
      Upon
      the execution of any supplemental indenture pursuant to the provisions of this
      Article
      XII,
      this
      Indenture shall be and be deemed to be modified and amended in accordance
      therewith and the respective rights, limitations of rights, obligations, duties
      and immunities under this Indenture of the Trustee, the Company and the Holders
      of Debt Securities shall thereafter be determined, exercised and enforced
      hereunder subject in all respects to such modifications and amendments, and
      all
      the terms and conditions of any such supplemental indenture shall be and be
      deemed to be part of the terms and conditions of this Indenture for any and
      all
      purposes.

     

    The
      Trustee, subject to the provisions of Section 11.1, may receive an Opinion
      of
      Counsel as conclusive evidence that any such supplemental indenture complies
      with the provisions of this Article
      XII.

     

    Section
      12.4 Supplemental
      indentures to conform to Trust Indenture Act.
      Any
      supplemental indenture executed and delivered pursuant to the provisions of
      this
Article
      XII
      shall
      conform in all respects to the requirements of the Trust Indenture Act as then
      in effect.

     

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

    
      
        
        

      

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

     

    
      	
              HOKU
                SCIENTIFIC, INC.

            
	 	 
	
              By:

            	 

	 	
              Name:

            
	 	
              Title:

            
	
              [                   
                  ], as Trustee

            
	 	 
	
              By:

            	 

	 	
              Name:

            
	 	
              Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]