Document:

Exhibit 4(a)

GENERAL ELECTRIC CAPITAL CORPORATION, 

Issuer 

and 

THE BANK OF NEW YORK MELLON 

Trustee 

INDENTURE 

Dated as of November 5, 2012 

GE CAPITAL SELECT NOTES

CROSS REFERENCE SHEET

between

the provisions of Sections 310 through 318 of the Trust Indenture Act
of 1939, as amended, and the GE Capital Select Notes Indenture Provisions: 

	
  

 	
  

 	
  

 
	
 Section of
 Trust Indenture Act

 	
  

 	
 Section of the

 Indenture Provisions

 
	

 

 	
  

 	

 

 
	
  

 	
  

 	
  

 
	
 310 (a)(1),
 (2) and (5)

 	
  

 	
 7.07

 
	
 310 (a)(3)
 and (4)

 	
  

 	
 Not applicable

 
	
 310 (b)

 	
  

 	
 7.08

 
	
 310 (c)

 	
  

 	
 Not applicable

 
	
 311 (a) and
 (b)

 	
  

 	
 *

 
	
 311 (c)

 	
  

 	
 Not applicable

 
	
 312 (a)

 	
  

 	
 5.01

 
	
 312 (b) and
 (c)

 	
  

 	
 *

 
	
 313 (a)

 	
  

 	
 5.02

 
	
 313 (b) (1)

 	
  

 	
 Not applicable

 
	
 313 (b) (2)

 	
  

 	
 5.02

 
	
 313 (c)

 	
  

 	
 5.02

 
	
 313 (d)

 	
  

 	
 5.02

 
	
 314 (a)

 	
  

 	
 5.03

 
	
 314 (b)

 	
  

 	
 Not applicable

 
	
 314 (c) (1)
 and (2)

 	
  

 	
 *

 
	
 314 (c) (3)

 	
  

 	
 Not applicable

 
	
 314 (d)

 	
  

 	
 Not applicable

 
	
 314 (e)

 	
  

 	
 *

 
	
 314 (f)

 	
  

 	
 Not applicable

 
	
 315 (a),
 (b), (c), (d) and (e)

 	
  

 	
 *

 
	
 316 (a) (1)

 	
  

 	
 6.01 and 6.07

 
	
 316 (a) (2)

 	
  

 	
 Omitted

 
	
 316 (a) last
 sentence

 	
  

 	
 *

 
	
 316 (b)

 	
  

 	
 6.04

 
	
 317 (a)

 	
  

 	
 6.02

 
	
 317 (b)

 	
  

 	
 4.03

 
	
 318 (a)

 	
  

 	
 14.10

 

*
Automatically included under Section 318(c) of the Trust Indenture Act of 1939,
as amended.

i

TABLE OF CONTENTS

	
  

 	
  

 	
  

 	
 Page

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 
	
 ARTICLE ONE DEFINITIONS

 	
  

 	
 1

 
	
  

 	
  

 	
  

 
	
  

 	
 Section 1.01. Definitions

 	
  

 	
 1

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE TWO AMOUNT, FORM, PRIORITY,
 PAYMENT, INTEREST AND RESTRICTION ON TRANSFER

 	
  

 	
 4

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 2.01. Amount Unlimited; Issuable in
 Series and Tranches

 	
  

 	
 4

 
	
  

 	
 Section 2.02. Form

 	
  

 	
 5

 
	
  

 	
 Section 2.03. Priority

 	
  

 	
 5

 
	
  

 	
 Section 2.04. Payment

 	
  

 	
 5

 
	
  

 	
 Section 2.05. Interest

 	
  

 	
 6

 
	
  

 	
 Section 2.06. Restriction on Transfer of
 Securities

 	
  

 	
 6

 
	
  

 	
 Section 2.07. Reopening of Tranches and
 Series

 	
  

 	
 6

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE THREE REDEMPTION OF SECURITIES

 	
  

 	
 6

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 3.01. Redemption at Option of the
 Company

 	
  

 	
 6

 
	
  

 	
 Section 3.02. Redemption of Securities With
 a Principal Amount Less than an Established Minimum or Exceeding an
 Established Maximum

 	
  

 	
 6

 
	
  

 	
 Section 3.03. Notice of Redemption;
 Redemption Price; Selection of Securities

 	
  

 	
 6

 
	
  

 	
 Section 3.04. Redemption at the Option of
 the Holder

 	
  

 	
 7

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE FOUR COVENANTS

 	
  

 	
 7

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 4.01. Payment of Principal and
 Interest

 	
  

 	
 7

 
	
  

 	
 Section 4.02. Maintenance of Security
 Register; Maintenance of Office or Agency

 	
  

 	
 7

 
	
  

 	
 Section 4.03. Appointments to Fill
 Vacancies in Trustee’s Office

 	
  

 	
 8

 
	
  

 	
 Section 4.04. Provisions as to Paying Agent

 	
  

 	
 8

 
	
  

 	
 Section 4.05. Statement as to Compliance

 	
  

 	
 9

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE FIVE SECURITYHOLDER LISTS AND
 REPORTS BY THE TRUSTEE

 	
  

 	
 9

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 5.01. Securityholder Lists

 	
  

 	
 9

 
	
  

 	
 Section 5.02. Delivery of Reports by the
 Trustee

 	
  

 	
 9

 
	
  

 	
 Section 5.03. Reports by the Company

 	
  

 	
 9

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE SIX REMEDIES OF THE TRUSTEE AND
 SECURITYHOLDERS ON EVENT OF DEFAULT

 	
  

 	
 10

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 6.01. Events of Default

 	
  

 	
 10

 
	
  

 	
 Section 6.02. Payment of Securities on
 Default; Suit Therefor

 	
  

 	
 12

 
	
  

 	
 Section 6.03. Application of Moneys
 Collected by Trustee

 	
  

 	
 13

 

ii

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 6.04. Proceedings by
 Securityholders

 	
  

 	
 14

 
	
  

 	
 Section 6.05. Proceedings by Trustee

 	
  

 	
 15

 
	
  

 	
 Section 6.06. Remedies Cumulative and
 Continuing

 	
  

 	
 15

 
	
  

 	
 Section 6.07. Direction of Proceedings and
 Waiver of Defaults by Securityholders

 	
  

 	
 15

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE SEVEN CONCERNING THE TRUSTEE

 	
  

 	
 16

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 7.01. Reliance on Documents,
 Opinions, etc

 	
  

 	
 16

 
	
  

 	
 Section 7.02. No Responsibility for
 Recitals

 	
  

 	
 17

 
	
  

 	
 Section 7.03. Ownership of Securities

 	
  

 	
 17

 
	
  

 	
 Section 7.04. Moneys to be Held in Trust

 	
  

 	
 17

 
	
  

 	
 Section 7.05. Compensation and Expenses of
 Trustee

 	
  

 	
 18

 
	
  

 	
 Section 7.06. Officers’ Certificate as
 Evidence

 	
  

 	
 18

 
	
  

 	
 Section 7.07. Eligibility of Trustee

 	
  

 	
 18

 
	
  

 	
 Section 7.08. Indentures Not Creating
 Potential Conflicting Interests for the Trustee

 	
  

 	
 19

 
	
  

 	
 Section 7.09. Resignation or Removal of
 Trustee

 	
  

 	
 19

 
	
  

 	
 Section 7.10. Acceptance by Successor
 Trustee

 	
  

 	
 20

 
	
  

 	
 Section 7.11. Succession by Merger, etc

 	
  

 	
 21

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE EIGHT CONCERNING THE
 SECURITYHOLDERS

 	
  

 	
 21

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 8.01. Action by Securityholders

 	
  

 	
 21

 
	
  

 	
 Section 8.02. Proof of Execution by Securityholders

 	
  

 	
 22

 
	
  

 	
 Section 8.03. Who Are Deemed Absolute
 Owners

 	
  

 	
 22

 
	
  

 	
 Section 8.04. Revocation of Consents

 	
  

 	
 22

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE NINE SECURITYHOLDERS’ MEETINGS

 	
  

 	
 23

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 9.01. Purposes of Meetings

 	
  

 	
 23

 
	
  

 	
 Section 9.02. Call of Meetings by Trustee

 	
  

 	
 23

 
	
  

 	
 Section 9.03. Call of Meetings by the
 Company or Securityholders

 	
  

 	
 23

 
	
  

 	
 Section 9.04. Qualifications for Voting

 	
  

 	
 23

 
	
  

 	
 Section 9.05. Regulations

 	
  

 	
 24

 
	
  

 	
 Section 9.06. Quorum; Adjourned Meetings

 	
  

 	
 24

 
	
  

 	
 Section 9.07. Voting

 	
  

 	
 25

 
	
  

 	
 Section 9.08. No Delay of Rights by Meeting

 	
  

 	
 25

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE TEN SUPPLEMENTAL INDENTURES

 	
  

 	
 26

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 10.01. Supplemental Indentures
 without Consent of Securityholders

 	
  

 	
 26

 
	
  

 	
 Section 10.02. Supplemental Indentures with
 Consent of Securityholders

 	
  

 	
 27

 
	
  

 	
 Section 10.03. Compliance with Trust
 Indenture Act; Effect of Supplemental Indentures

 	
  

 	
 28

 
	
  

 	
 Section 10.04. Evidence of Compliance of
 Supplemental Indenture to be Furnished Trustee

 	
  

 	
 28

 

iii

	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE ELEVEN CONSOLIDATION, MERGER, SALE
 OR CONVEYANCE

 	
  

 	
 28

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 11.01. Company May Not Consolidate,
 etc., Except Under Certain Conditions

 	
  

 	
 28

 
	
  

 	
 Section 11.02. Documents to be Given
 Trustee

 	
  

 	
 28

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE TWELVE SATISFACTION AND DISCHARGE
 OF INDENTURE

 	
  

 	
 29

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 12.01. Discharge of Indenture

 	
  

 	
 29

 
	
  

 	
 Section 12.02. Deposited Moneys to be Held
 in Trust by Trustee

 	
  

 	
 29

 
	
  

 	
 Section 12.03. Paying Agent to Repay Moneys
 Held

 	
  

 	
 29

 
	
  

 	
 Section 12.04. Return of Unclaimed Moneys

 	
  

 	
 29

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE THIRTEEN IMMUNITY OF INCORPORATORS,
 STOCKHOLDERS, OFFICERS AND DIRECTORS

 	
  

 	
 29

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 13.01. Indenture and Securities
 Solely Corporate Obligations

 	
  

 	
 29

 
	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE FOURTEEN MISCELLANEOUS PROVISIONS

 	
  

 	
 30

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Section 14.01. Provisions Binding on
 Company’s Successors

 	
  

 	
 30

 
	
  

 	
 Section 14.02. Official Acts by Successor
 Corporation

 	
  

 	
 30

 
	
  

 	
 Section 14.03. Addresses for Notices, etc

 	
  

 	
 30

 
	
  

 	
 Section 14.04. NEW YORK CONTRACT

 	
  

 	
 30

 
	
  

 	
 Section 14.05. Legal Holidays

 	
  

 	
 30

 
	
  

 	
 Section 14.06. Table of Contents, Headings,
 etc

 	
  

 	
 31

 
	
  

 	
 Section 14.07. Execution in Counterparts

 	
  

 	
 31

 
	
  

 	
 Section 14.08. Separability

 	
  

 	
 31

 
	
  

 	
 Section 14.09. Benefits

 	
  

 	
 31

 
	
  

 	
 Section 14.10. Trust Indenture Act to
 Control

 	
  

 	
 31

 

iv

          THIS
INDENTURE, dated as of November 5, 2012 between General Electric Capital
Corporation, a corporation duly organized and existing under the laws of the
State of Delaware (the “Company”), and The Bank of New York Mellon, a bank duly
organized and existing under the laws of the State of New York (the “Trustee”).

W I T N E S S E T H:

          WHEREAS,
the Company desires, and the Trustee has agreed, to enter into this Indenture
to provide for the issuance of GE Capital Select Notes in one or more series up
to such principal amount or amounts as may from time to time be authorized in
or pursuant to one or more resolutions of the Board of Directors; and 

          WHEREAS,
all acts and things necessary to make this Indenture a valid agreement of the
Company according to its terms, have been done and performed, and the execution
and delivery of this Indenture have in all respects been duly authorized, 

          NOW,
THEREFORE, THIS INDENTURE WITNESSETH: 

ARTICLE ONE

DEFINITIONS

          Section
1.01. Definitions. The terms defined in this Section 1.01 (except as
herein otherwise expressly provided or unless the context otherwise requires)
for all purposes of this Indenture shall have the respective meanings specified
in this Section 1.01. All other terms used in this Indenture which are defined
in the Trust Indenture Act of 1939, as amended, or which are by reference
therein defined in the Securities Act of 1933, as amended (except as herein
otherwise expressly provided or unless the context otherwise requires), shall
have the meanings assigned to such terms in said Trust Indenture Act and in
said Securities Act as in force at the date of this Indenture as originally
executed. 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. 

          “Account” means an account maintained by an
agent bank retained by the Company, such account to reflect the aggregate
principal amount of Securities owned by a holder of a Security at any time. 

          “Agent Bank” means a bank or corporation,
and its successors and assigns, appointed by the Company to act as the agent
bank for the Company in connection with the Securities. 

          “Board of Directors” means the Board of
Directors of the Company or any committee of such Board or specified officers
and employees of the Company to which the powers of such Board have been
lawfully delegated. 

          “Company” means General Electric Capital
Corporation, a Delaware corporation, until any successor corporation shall have
become such pursuant to the provisions of Article Eleven, and thereafter
Company shall mean such successor. 

1

          “Dollars” and “$” mean the lawful currency
of the United States of America. 

          “Established Maximum” means, at any time
with respect to any Security, the amount, if any, specified by the Company at
such time as the maximum aggregate principal amount of a Security that may be
maintained by a holder of a Security in one or more Accounts for the minimum
period of time as specified by the Company. 

          “Established Minimum” means, at any time
with respect to any Security, the amount, if any, specified by the Company at
such time as the minimum principal amount of a Security that may be maintained
in any Account for the minimum period of time as specified by the Company. 

          “Event of Default” has the meaning specified
in Section 6.01. 

          “Finance Subsidiary” means any Subsidiary
engaged within the United States in the business of purchasing notes, accounts
receivable (whether or not payable in installments), conditional sale contracts
or other paper originating in sales at wholesale or retail, or of leasing new
or used products or of making installment loans. 

          “Indenture” means this instrument as
originally executed or as it may be amended or supplemented from time to time
as herein provided and including any resolution of the Board of Directors
adopted pursuant to Section 2.01 hereof. 

          “Officer’s Certificate” means a certificate
signed by the President, the Chairman or any Vice Chairman of the Board, any
Senior Vice President or any Vice President or the Treasurer or any Assistant
Treasurer of the Company and delivered to the Trustee. Each such certificate
shall comply with Section 314(c) of the Trust Indenture Act of 1939, to the
extent applicable. 

          “Opinion of Counsel” means an opinion in
writing signed by legal counsel, who may be an employee of or of counsel to the
Company or may be other counsel satisfactory to the Trustee. Each such opinion
shall comply with Section 314(c) of the Trust Indenture Act of 1939, to the
extent applicable. 

          “Outstanding”, when used with reference to
Securities, except as otherwise required by the Trust Indenture Act of 1939, as
of any particular time, means all Securities in which Securityholders have made
investments as shown on the Securities Register, except: 

	
  

 	
  

 	
  

 
	
  

 	
 (a)

 	
 Securities or portions thereof theretofore redeemed by the
 Securityholders pursuant to this Indenture; 

 
	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 Securities or portions thereof theretofore redeemed by the Company
 pursuant to the provisions of this Indenture; and 

 
	
  

 	
  

 	
  

 
	
  

 	
 (c)

 	
 Securities, or portions thereof, for the payment or redemption of
 which moneys in the necessary amount have been theretofore deposited in trust
 with the Trustee or any Paying Agent (other than the Company) or set aside
 and segregated in trust by the Company (if the Company shall act as its own
 Paying Agent); provided that if such Securities are to be redeemed,
 notice of such redemption shall have been mailed as in Article Three
 provided, or provision therefor satisfactory to the Trustee has been made for
 mailing such notice.

 

2

          “Paying Agent” means any Person authorized
by the Company to pay the principal of or interest on any Securities on behalf
of the Company. 

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

          “principal”, when used with respect to any
Security, shall include the premium, if any, with respect to such Security. 

          “Principal Office of the Trustee”, or other
similar term, shall mean the office of the Trustee at which at any particular
time its corporate trust business shall be principally administered, which
office at the date hereof is located at 101 Barclay Street, Floor 8W, New York,
New York 10286. 

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

          “Redemption Notice Period” has the meaning
specified in Section 3.03. 

          “Responsible Officer” when used with
respect to the Trustee means the chairman or any vice chairman of the board of
directors, the chairman or any vice chairman of the executive committee of the
board of directors, the president, any executive vice president, any senior
vice president, any vice president, any second vice president, any assistant
vice president, the cashier, any assistant cashier, the secretary, any
assistant secretary, the treasurer, any assistant treasurer, any senior trust
officer, any trust officer, any assistant trust officer, or any other officer
or assistant officer of the Trustee customarily performing functions similar to
those performed by the persons who at the time shall be such officers,
respectively, who, in each case, shall have direct responsibility for the
administration of this Indenture and shall also mean any other officer of the
Trustee to whom any corporate trust matter is referred because of his knowledge
of and familiarity with the particular subject. 

          “Security” or “Securities” means any GE Capital Select Note or Notes of any
series, as the case may be, issued under this Indenture which are evidenced by
an individual record or entries in the name of the particular Securityholder
established on the Security Register. 

          “Securityholder,” “holder of a Security”, “holder” or other similar terms, mean, with
respect to a Security, a Person in whose name at the time a particular Security
is registered in the Security Register. 

          “Security Register” has the meaning
specified in Section 4.02(a). 

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

3

          “Subsidiary” means any corporation of which
the Company directly or indirectly owns or controls at the time at least a
majority of the outstanding stock having under ordinary circumstances (not
dependent upon the happening of a contingency) voting power to elect a majority
of the board of directors of such corporation. 

          “Tranche”
means an issue of Securities of a series having identical terms as other
Securities in the series, except for the issuance date and public offering
price, which shall be different from the other Securities in the series but
common to the Securities in the Tranche. 

          “Trustee” means the corporation or
association named as Trustee in this Indenture and, subject to the provisions
of Article Seven hereof, shall also include its successors and assigns as
Trustee hereunder. 

          “Trust Indenture Act of 1939” means the
Trust Indenture Act of 1939, as amended, as it was in force at the date of
execution of this Indenture, except as provided in Section 10.03. 

ARTICLE TWO

AMOUNT, FORM, PRIORITY, PAYMENT, 

INTEREST AND RESTRICTION ON TRANSFER

          Section
2.01. Amount Unlimited; Issuable in Series and Tranches. The aggregate
principal amount of Securities which may be issued under this Indenture is
unlimited. 

          The
Securities may be issued in one or more series, each of which may consist of
one or more Tranches. 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (a)

 	
 There shall be established in or pursuant to a resolution of the
 Board of Directors or established in one or more indentures supplemental
 hereto, prior to the issuance of Securities of any series: 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (1)

 	
 the title of each series (which shall distinguish such series of
 Securities from all other Securities); 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (2)

 	
 any limit upon the aggregate principal amount of any series of
 Securities which may be issued under this Indenture; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (3)

 	
 the date or dates or the manner of determining the date or dates on
 which the principal of each series of Securities are payable; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (4)

 	
 the rate or rates, or the method of determination thereof, at which
 each series of Securities shall bear interest, if any, the date or dates from
 which such interest shall accrue, the interest payment dates on which such
 interest shall be payable and whether interest shall be payable in cash,
 solely by the purchase of additional Securities of such series or otherwise; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (5)

 	
 the place or places where the principal of and any interest on each
 series of Securities shall be payable; 

 

4

	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (6)

 	
 the price or prices at which, the period or periods within which and
 the terms and conditions upon which each series of Securities may be
 redeemed, in whole or in part, at the option of the Company, pursuant to any
 sinking fund or otherwise, including the Redemption Notice Period; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (7)

 	
 the obligation, if any, of the Company to redeem, purchase or repay
 any series of Securities pursuant to any sinking fund or analogous provisions
 or at the option of a holder thereof and the price or prices at which or
 process by which and the period or periods within which and the terms and
 conditions upon which any series of Securities shall be redeemed, purchased
 or repaid, in whole or in part, pursuant to such obligation; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (8)

 	
 the denominations in which any series of Securities shall be
 issuable; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (9)

 	
 if other than the principal amount thereof, the portion of the
 principal amount of each series of Securities which shall be payable upon
 declaration of acceleration of the maturity thereof pursuant to Section 6.01;
 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (10)

 	
 any Events of Default with respect to each series of Securities, if
 not set forth herein; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (11)

 	
 any trustees, depositaries, authenticating or paying agents, transfer
 agents or registrars or any other agents with respect to any series of
 Securities; and 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (12)

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

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 Prior to the issuance of the first Security of any series the Trustee
 shall be entitled to receive, and shall be fully protected in relying upon,
 an Opinion of Counsel stating that the terms of such series have been
 established in conformity with the provisions of this Indenture and that the
 Securities of such series will constitute, when issued by the Company in the
 manner and subject to any conditions specified in such Opinion of Counsel,
 valid and legally binding obligations of the Company, enforceable in
 accordance with their terms, subject to bankruptcy, insolvency,
 reorganization and other laws of general applicability relating to or
 affecting the enforcement of creditor’s rights and to general equity
 principles. 

 

          Section
2.02. Form. The Securities shall be issued in uncertificated form and no
certificate or other instrument evidencing the Securities will be issued. 

          Section
2.03. Priority. The Securities shall be unsecured and shall rank pari passu with all other unsecured and unsubordinated indebtedness of the Company.  

          Section
2.04. Payment. The Securities shall be payable at the office or agency
of the Company maintained for such purpose, as may from time to time be
designated in writing, in such coin or currency of the United States of America
as at the time of payment shall be legal tender for the payment of public and
private debts. 

5

          Section
2.05. Interest. Interest on the Securities shall accrue daily. Except as
otherwise specified as contemplated by Section 2.01 for Securities of any
series, interest on the Securities of each series will be computed on the basis
of a 360-day year of twelve 30-day months. There is no minimum or maximum
interest rate in respect of the Securities. 

          Section
2.06. Restriction on Transfer of Securities. The Securities may not be
transferred, in whole or in part, either directly or by operation of law or
otherwise, except as determined by the Company from time to time. 

          Section
2.07. Reopening of Tranches and Series. All Securities included in any
one series need not be issued by the Company at the same time. Unless otherwise
provided, a series may be reopened on one or more occasions for issuance of
additional Securities. 

ARTICLE THREE

REDEMPTION OF SECURITIES

          Section
3.01. Redemption at Option of the Company. The Company may redeem, at
any time in its discretion, all or any portion of any or all series of
Securities issued under this Indenture. 

          Section
3.02. Redemption of Securities With a Principal Amount Less than an
Established Minimum or Exceeding an Established Maximum. The Company may
redeem, at any time in its discretion, in whole but not in part, any Securities
of one or more series the aggregate principal amount of which is below the
Established Minimum or in excess of the Established Maximum, each as may be in
effect from time to time. 

          Section
3.03. Notice of Redemption; Redemption Price; Selection of Securities.
In case the Company shall desire to exercise any right to redeem all, or, as
the case may be, any part of, any series of Securities, it shall fix a date for
redemption and shall mail or cause to be mailed a notice of such redemption to
the holders of any series of Securities so to be redeemed at their last
addresses as the same appear on the Security Register and to the Trustee at
least 30 and not more than 60 days prior to the date fixed for redemption or
within such other redemption notice period as has been designated for any
Securities of such series pursuant to Section 2.01 (the “Redemption Notice Period”). Such mailing
shall be by first class mail. The notice, if mailed in the manner herein
provided, shall be conclusively presumed to have been duly given, whether or
not the Securityholder receives such notice. In any case, failure to give such
notice by mail or any defect in the notice to the holder of any Security
designated for redemption as a whole or in part shall not affect the validity
of the proceedings for the redemption of any other Security. 

          Each such
notice of redemption shall specify the Redemption Date, the principal amount of
the Security being redeemed, the manner in which the redemption price for the Security
being redeemed shall be paid (which shall be by check mailed to the
Securityholder unless otherwise specified in such notice) and that on and after
the Redemption Date any interest on the Security, or on the portions thereof,
being redeemed will cease to accrue. 

6

          If notice
of redemption has been given as provided above, any series of Securities, or
portions thereof, with respect to which such notice has been given shall become
due and payable on the Redemption Date at a redemption price equal to 100% of
the principal amount thereof being redeemed plus accrued and unpaid interest
thereon to but excluding the Redemption Date, and on and after the Redemption
Date (unless the Company shall default in the payment of such Securities, together
with any interest accrued and unpaid to but excluding the Redemption Date) any
interest on the Securities, or on the portions thereof, so called for
redemption shall cease to accrue. 

          On or prior
to the Redemption Date specified in the notice of redemption given as provided
in this Section 3.03, the Company will deposit with the Trustee or with one or
more Paying Agents (or if the Company is acting as its own Paying Agent, the
Company will segregate and hold in trust as provided in Section 4.04) an amount
of money sufficient to redeem on the Redemption Date all the Securities, or
portions thereof, so called for redemption, together with accrued and unpaid
interest to but excluding the date fixed for redemption. If less than all of
any series of Securities are to be redeemed by the Company pursuant to Section
3.01, the Company will give the Trustee and a designated Paying Agent notice
not less than 60 days prior to the Redemption Date or at least 10 days prior to
the first day of any applicable Redemption Notice Period as to the aggregate
principal amount of Securities of such series to be redeemed and the Trustee or
a designated Paying Agent shall select or cause to be selected, in such manner
as in its sole discretion it shall deem appropriate and fair, the Securities or
portions thereof to be redeemed. 

          Section
3.04. Redemption at the Option of the Holder. Any series of the
Securities may be made, by provision contained in or established pursuant to a
supplemental indenture or a resolution of the Board of Directors pursuant to
Section 2.01, subject to redemption, in whole but not in part, at the option of
the holder on a date or dates specified prior to maturity, at such price and
subject to such other terms and conditions as may be determined pursuant to
Section 2.01(a)(8) and as may be amended from time to time pursuant to Section
10.01(d), together with accrued interest to but not including the date of
redemption, on such notice as may be required. 

ARTICLE FOUR

COVENANTS

          Section
4.01. Payment of Principal and Interest. The Company covenants and
agrees that it will duly and punctually pay or cause to be paid the principal
of, and interest on, the Securities of each series in accordance with the terms
of such series of Securities. 

          Section
4.02. Maintenance of Security Register; Maintenance of Office or Agency.

          (a) The
Company will keep at an office or agency proper books of record and account
(which books may be in written form or in any other form capable of being
converted into written form) in which full and correct entries shall be made of
all funds invested in the Securities of each series, together with interest
accrued thereon, and all redemptions thereof, and which shall contain the names
and addresses of all Securityholders and the principal amounts of their
respective Securities (collectively, the “Security
Register”). 

7

          (b) The
Company will maintain in the Borough of Manhattan, The City of New York an
office or agency where notices and demands hereunder upon the Company, as
appropriate, in respect of each series of Securities and this Indenture may be
served. The Company hereby initially designates the Principal Office of the
Trustee as the office or agency of the Company in the Borough of Manhattan, the
City of New York, where notices and demands to or upon the Company in respect
of the Securities or of this Indenture may be served. The Company will give
prompt written notice to the Trustee and the Securityholders of the location,
and any change in the location, of any such office or agency. If at any time
the Company shall fail to maintain any such required office or agency or shall
fail to furnish the Trustee with the address thereof, such notices and demands
may be made or served at the Principal Office of the Trustee. 

          Section
4.03. Appointments to Fill Vacancies in Trustee’s Office. The Company,
whenever necessary to avoid or fill a vacancy in the office of the Trustee,
will appoint, in the manner provided in Section 7.09, a successor trustee, so
that there shall at all times be a Trustee with respect to the Securities
hereunder. 

          Section
4.04. Provisions as to Paying Agent. (a) If the Company shall appoint a
Paying Agent other than the Trustee with respect to any series of Securities,
it will cause such Paying Agent to execute and deliver to the Trustee an
instrument in which such agent shall agree with the Trustee, subject to the
provisions of this Section 4.04, 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (1)

 	
 that it will hold all amounts held by it as such agent for the
 payment of the principal of or interest on the Securities of such series on
 and after the date on which such amounts become due and payable (whether such
 sums have been paid to it by the Company or by any other obligor on such
 Securities) in trust for the benefit of the holders of such Securities; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (2)

 	
 that it will give the Trustee notice of any failure by the Company
 (or by any other obligor on such Securities) to make any payment of the
 principal of or interest on such Securities when the same shall be due and
 payable; and 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (3)

 	
 that at any time during the continuance of any failure by the Company
 (or by any other obligor on such Securities) specified in the preceding
 paragraph (2), such Paying Agent will, upon the written request of the
 Trustee, forthwith pay to the Trustee all sums so held in trust by it. 

 

          (b) If the
Company shall act as its own paying agent with respect to any series of
Securities, it will, on or before each date on which principal of or interest
on such Securities shall have become due and payable, set aside, segregate and
hold in trust for the benefit of the holders of such Securities a sum
sufficient to pay such principal or interest so due and will promptly notify
the Trustee of any failure to take such action and of any failure by the
Company (or by any other obligor on such Securities) to make any payment of the
principal of or interest on such Securities when the same shall become due and
payable. 

8

          (c)
Anything in this Section 4.04 to the contrary notwithstanding, the Company may,
at any time, for the purpose of obtaining the satisfaction and discharge of
this Indenture, or for any other reason, pay or cause to be paid to the Trustee
all sums held in trust by it, or any Paying Agent thereunder, as required by
this Section, such sums to be held by the Trustee upon the trusts herein
contained. 

          (d)
Anything in this Section 4.04 to the contrary notwithstanding, the agreement to
hold sums in trust as provided in this Section 4.04 is subject to Sections
12.03 and 12.04. 

          (e)
Whenever the Company shall have one or more Paying Agents with respect to any
series of Securities it will, prior to each due date of the principal of, or
interest on, the Securities of such series, deposit with a designated Paying
Agent a sum sufficient to pay the principal and interest so becoming due, such
sum to be held in trust for the benefit of the Persons entitled to such
principal or interest and (unless such Paying Agent is the Trustee) the Company
will promptly notify the Trustee of any failure so to act. 

          Section
4.05. Statement as to Compliance. The Company will deliver to the
Trustee on or before June 1 in each year (beginning with the first June 1
following the date of this Indenture) a certificate complying with Section
314(a)(4) of the Trust Indenture Act of 1939. 

ARTICLE FIVE

SECURITYHOLDER LISTS 

AND REPORTS BY THE TRUSTEE

          Section
5.01. Securityholder Lists. The Company covenants and agrees that it
will furnish or cause to be furnished to the Trustee with respect to any series
of Securities, (i) at such times as required by Section 312(a) of the Trust
Indenture Act of 1939 and (ii) 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 of the names and
addresses of the holders of the Securities of each series as of a date not more
than 15 days prior to the time such information is furnished. 

          Section
5.02. Delivery of Reports by the Trustee. The reports to be transmitted
by the Trustee pursuant to the requirements of Section 313(a) of the Trust
Indenture Act of 1939 shall be required to be transmitted on or before the first
May 15 following the date of this Indenture, and on or before May 15 in every
year thereafter, as provided in Section 313(c) of the Trust Indenture Act of
1939, so long as the Securities of any series are Outstanding hereunder. 

          Section
5.03. Reports by the Company. The Company covenants to file with the
Trustee, within 15 days after the Company is required to file the same with the
Securities and Exchange Commission, copies of the annual reports and of the
information, documents and other reports that the Company may be required to
file with the Securities Exchange Commission pursuant to Section 13 or Section
15(d) of the Securities Exchange Act of 1934 or pursuant to Section 314 of the
Trust Indenture Act of 1939. 

9

ARTICLE SIX

REMEDIES OF THE TRUSTEE AND 

SECURITYHOLDERS ON EVENT OF DEFAULT

          Section
6.01. Events of Default. “Event of
Default” whenever used herein with respect to the Securities of any
series means any one of the following events and such other events as may be
established with respect to such series of Securities as contemplated by
Section 2.01, continued for the period of time, if any, and after the giving of
notice, if any, designated in this Indenture, as the case may be, unless it is
either inapplicable or is specifically deleted or modified in the applicable
resolution of the Board of Directors or in the supplemental indenture under
which such Securities are issued, as the case may be, as contemplated by
Section 2.01: 

	
  

 	
  

 	
  

 
	
  

 	
 (a)

 	
 default in the payment of principal of or any installment of interest
 upon any Security of such series as and when the same shall become due and
 payable, and continuance of such default for a period of 20 days, provided,
 however, that an administrative error relating to a Security or
 improperly identifying the Security of a Securityholder shall not be
 considered in determining whether an Event of Default shall have occurred
 unless such error shall have continued uncorrected for a period of 30 days
 after written notification thereof to the Agent Bank and the Trustee (with a
 copy to the Company) by a Securityholder, the Trustee to be the sole judge of
 whether the error has been corrected; or 

 
	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 failure on the part of the Company duly to observe or perform any other
 of the covenants or agreements on the part of the Company in respect of the
 Securities of such series contained in this Indenture (other than a covenant
 or agreement in respect of the Securities of such series a default in whose
 observance or performance is elsewhere in this Section specifically dealt
 with) continued for a period of 60 days after the date on which written
 notice of such failure, requiring the Company to remedy the same and stating
 that such notice is a “Notice of Default” hereunder, shall have been given to
 the Company by the Trustee by registered mail, or to the Company and the
 Trustee by the holders of at least twenty-five percent in aggregate principal
 amount of the Securities of such series at the time Outstanding; or 

 
	
  

 	
  

 	
  

 
	
  

 	
 (c)

 	
 a decree or order by a court having jurisdiction in the premises
 shall have been entered adjudging the Company a bankrupt or insolvent, or
 approving as properly filed a petition seeking reorganization of the Company
 under the Federal Bankruptcy Code or any other similar applicable Federal or
 State law, and such decree or order shall have continued undischarged and
 unstayed for a period of 60 days; or a decree or order of a court having
 jurisdiction in the premises for the appointment of a receiver or liquidator or
 trustee or assignee (or other similar official) in bankruptcy or insolvency
 of the Company or of all or substantially all of the property of the Company
 or for the winding up or liquidation of the affairs of the Company shall have
 been entered, and such decree or order shall have continued undischarged and
 unstayed for a period of 60 days; or 

 

10

	
  

 	
  

 	
  

 
	
  

 	
 (d)

 	
 the Company shall institute proceedings to be adjudicated a voluntary
 bankrupt, or shall consent to the filing of a bankruptcy proceeding against
 it, or shall file a petition or answer or consent seeking reorganization
 under the Federal Bankruptcy Code or any other similar applicable Federal or
 State law, or shall consent to the filing of any such petition, or shall
 consent to the appointment of a receiver or liquidator or trustee or assignee
 (or other similar official) in bankruptcy or insolvency of it or of its
 property, or shall make an assignment for the benefit of creditors, or shall
 admit in writing its inability to pay its debts generally as they become due;
 or 

 
	
  

 	
  

 	
  

 
	
  

 	
 (e)

 	
 an Event of Default with respect to any other series of Securities
issued pursuant to this Indenture shall happen and be continuing and the
Securities of such other series shall have been accelerated so that the same
shall be or become due and payable prior to the date on which the same would
otherwise have become due and payable, and such acceleration shall not be
rescinded or annulled within ten days after written notice of such
acceleration shall have been given to the Company by the Trustee or to the
Company and the Trustee by the holders of at least twenty-five percent in
aggregate principal amount of the Securities of such series at the time
Outstanding; provided, however, that if such Event of Default
with respect to such other series of Securities shall be remedied or cured by
the Company, or waived by the holders of such other series of Securities,
then the Event of Default hereunder by reason thereof shall be deemed
likewise to have been thereupon remedied, cured or waived without further
action upon the part of either the Trustee or any of the Securityholders of
such series; and provided further that, the Trustee shall not be charged with
knowledge of any such Event of Default or any remedy, cure or waiver thereof
or any such acceleration unless written notice thereof shall have been given
to the Trustee by the Company, by a holder or an agent of a holder of any
Securities, or by the Trustee then acting under this Indenture with respect
to such other series of Securities, under which such Event of Default shall
have occurred, or by the holders of at least twenty-five percent in aggregate
principal amount of the Securities of such series at the time Outstanding.  

 

11

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 If an Event of Default with respect to any series of Securities at
 the time Outstanding occurs and is continuing, then and in each and every
 case, unless the principal of all of the Securities of such series shall have
 already become due and payable, either the Trustee or the holders of not less
 than twenty-five percent in aggregate principal amount of the Securities of
 such series then Outstanding hereunder, by notice in writing to the Company
 (and to the Trustee if given by Securityholders of such series), may declare
 the principal amount of all the Securities of such series to be due and
 payable immediately, and upon any such declaration the same shall become and
 shall be immediately due and payable, anything in this Indenture or in such
 Securities contained to the contrary notwithstanding. This provision,
 however, is subject to the condition that if, at any time after the principal
 amount of the Securities of such series shall have been so declared 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, if any, upon all such Securities and the
 principal of any and all such Securities which shall have become due
 otherwise than by acceleration and all amounts payable to the Trustee
 pursuant to the provisions of Section 7.05, and any and all defaults under
 this Indenture with respect to such series of Securities, other than the
 nonpayment of principal of and accrued interest on such Securities which
 shall have become due solely by acceleration, shall have been remedied or
 cured or waived or provision shall have been made therefor to the
 satisfaction of the Trustee — then and in every such case the holders of a
 majority in aggregate principal amount of the Securities of such series then
 Outstanding, by written notice to the Company and to the Trustee, may waive
 all defaults with respect to such series and rescind and annul such
 declaration and its consequences; but no such waiver or rescission and
 annulment shall extend to or shall affect any subsequent default or shall
 impair any right consequent thereon. 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 In case the Trustee shall have proceeded to enforce any right under
 this Indenture and such proceedings shall have been discontinued or abandoned
 because of such rescission or annulment or for any other reason or shall have
 been determined adversely to the Trustee, then and in every such case the
 Company and the Trustee shall be restored respectively to their several
 positions and rights hereunder, and all rights, remedies and powers of the
 Company and the Trustee shall continue as though no such proceedings had been
 taken. 

 

          Section
6.02. Payment of Securities on Default; Suit Therefor. The Company
covenants that in case default shall be made in the payment of principal of or
installment of interest upon any Security as and when the same shall become due
and payable, and such default shall have continued for a period of 20 days (provided,
however, that an administrative error relating to a Security or
improperly identifying the Security of a Securityholder shall not be considered
a default under this Section 6.02 unless such error shall have continued
uncorrected for a period of 30 days after written notification thereof to the
Agent Bank and the Trustee (with a copy to the Company) by a Securityholder,
the Trustee to be the sole judge of whether the error has been corrected),
then, upon demand of the Trustee, the Company will pay to the Trustee, for the
benefit of the holder of any such Security the whole amount that then shall
have become due and payable on any such Security for principal and interest
and, to the extent that payment of such interest shall be legally enforceable,
interest on any overdue principal and on any overdue interest, at the rate or
rates prescribed in accordance with the terms of such Security; and, in
addition thereto, such further amount as shall be sufficient to cover costs and
expenses of collection, and any further amounts payable to the Trustee pursuant
to the provisions of Section 7.05. 

          In case the Company shall fail forthwith to pay such amounts upon such
demand, the Trustee, in its own name and as trustee of an express trust, shall
be entitled and empowered to institute any actions or proceedings at law or in
equity for the collection of the sums so due and unpaid, and may prosecute any
such action or proceedings to judgment or final decree, and may enforce any
such judgment or final decree against the Company, or any other obligor upon
the Securities, and collect in the manner provided by law out of the property
of the Company or any other obligor on such Securities wherever situated the
moneys adjudged or decreed to be payable. 

12

          In case
there shall be pending proceedings for the bankruptcy or for the reorganization
of the Company or any other obligor on the Securities under the Federal
Bankruptcy Code or any other similar applicable Federal or State law, or in
case a receiver or trustee (or other similar official) shall have been
appointed for the property of the Company, or such other obligor upon such
Securities, or in the case of any other similar judicial proceedings relative
to the Company, or other obligor on the Securities, or to the creditors or
property of the Company or such other obligor upon such Securities, the
Trustee, irrespective of whether the principal of the Securities shall then be
due and payable as therein expressed or by declaration or otherwise and
irrespective of whether the Trustee shall have made any demand pursuant to the
provisions of this Section 6.02, shall be entitled and empowered, by
intervention in such proceedings or otherwise, to file and prove a claim or
claims for the whole amount of principal and interest, if any, owing and unpaid
in respect of the Securities and, in case of any judicial proceedings, to file
such proofs of claim and other papers or documents as may be necessary or
advisable in order to have the claims of the Trustee and of the Securityholders
allowed in such judicial proceedings relative to the Company, or any other
obligor on the Securities, its creditors, or its property, and to collect and
receive any moneys or other property payable or deliverable on any such claims,
and to distribute the same after the deduction of costs and expenses of
collection, and any further amounts payable to the Trustee pursuant to the
provisions of Section 7.05 and incurred by it up to the date of such
distribution; and any receiver, assignee or trustee (or other similar official)
in bankruptcy or reorganization is hereby authorized by each of the
Securityholders to make such payments to the Trustee, and, in the event that
the Trustee shall consent to the making of such payments directly to the
Securityholders, to pay to the Trustee costs and expenses of collection and any
further amounts payable to the Trustee pursuant to the provisions of Section
7.05 and incurred by it up to the date of such distribution. 

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

          All rights
of action and of asserting claims under this Indenture, or under the
Securities, may be enforced by the Trustee without the possession of any of the
Securities or the production thereof in any trial or other proceeding relative
thereto, and any such suit or proceeding instituted by the Trustee shall be
brought in its own name as trustee of an express trust, and any recovery of
judgment shall be for the ratable benefit of the holders of the Securities in
respect of which such action was taken. In any proceedings brought by the
Trustee (and also any proceedings in which a declaratory judgment of a court
may be sought as to the interpretation or construction of any provision of this
Indenture, to which the Trustee shall be a party) the Trustee shall be held to
represent all the holders of the Securities to which such proceedings relate,
and it shall not be necessary to make any holders of such Securities parties to
any such proceedings. 

          Section
6.03. Application of Moneys Collected by Trustee. Any moneys collected
by the Trustee pursuant to this Article shall be applied in the order
following, at the date or dates fixed by the Trustee for the distribution of
such moneys, upon presentation of any Securities in respect of which moneys
have been collected, and the notation thereon of the payment, if only partially
paid, and upon surrender thereof if fully paid: 

13

	
  

 	
  

 
	
  

 	
 FIRST: To the payment of all amounts due the Trustee pursuant to the
 provisions of Section 7.05; 

 
	
  

 	
  

 
	
  

 	
 SECOND: In case the principal of the Outstanding Securities of a
 series in respect of which such moneys have been collected shall not have
 become due (upon redemption, by declaration, repayment or otherwise) and be
 unpaid, to the payment of interest, if any, on the Securities of such series;
 

 
	
  

 	
  

 
	
  

 	
 THIRD: In case the principal of the Outstanding Securities of a
 series in respect of which such moneys have been collected shall have become
 due (upon redemption, by declaration, repayment or otherwise), to the payment
 of the whole amount then owing and unpaid upon such Securities for principal
 and interest, if any, with interest on the overdue principal and (to the
 extent that such interest has been collected by the Trustee) upon overdue
 installments of interest, if any; and in case such moneys shall be
 insufficient to pay in full the whole amounts so due and unpaid upon such
 Securities, then to the payment of such principal, and interest, if any,
 without preference or priority of principal over interest, if any, or of
 interest, if any, over principal, or of any such Security over any other such
 Security, ratably to the aggregate of such principal, and accrued and unpaid
 interest, if any; and 

 
	
  

 	
  

 
	
  

 	
 FOURTH: To the payment of the remainder, if any, to the Company, to
 the extent such moneys were provided thereby, its successors or assigns, or
 to whosoever may be lawfully entitled to receive the same, or as a court of
 competent jurisdiction may direct. 

 

          Section
6.04. Proceedings by Securityholders. No holder of any Security shall
have any right by virtue of or by availing of any provision of this Indenture
to institute any suit, action or proceeding in equity or at law upon or under
or with respect to this Indenture or for the appointment of a receiver or
trustee (or other similar official), or for any other remedy hereunder, unless
such holder previously shall have given to the Trustee written notice of an
Event of Default with respect to such Security and of the continuance thereof,
as hereinbefore provided, and unless also the holders of not less than
twenty-five percent in aggregate principal amount of the Outstanding Securities
of the series of which such Security is a part shall have made written request
upon the Trustee to institute such action, suit or proceeding in its own name
as Trustee hereunder and shall have offered to the Trustee such satisfactory
indemnity as it may require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee for 60 days after its receipt of
such notice, request and offer of indemnity, shall have neglected or refused to
institute any such action, suit or proceeding, it being understood and
intended, and being expressly covenanted by the taker and holder of every
Security with every other taker and holder and the Trustee, that no one or more
holders of Securities of such series shall have any right in any manner
whatever by virtue of or by availing of any provision of this Indenture to
affect, disturb or prejudice the rights of any other holder of Securities of
such series, or to obtain or seek to obtain priority over or preference to any
other such holder, or to enforce any right under this Indenture, except in the
manner herein provided and for the equal, ratable and common benefit of all
holders of Securities of such series. Notwithstanding any other provision in
this Indenture, the right of any holder of any Security to receive payment of
the principal of and interest on such Security on the respective due dates
expressed in such Security and to institute suit for the enforcement of any
such payment on or after such respective dates shall not be impaired without
the consent of such holder. 

14

          Section
6.05. Proceedings by Trustee. In case of an Event of Default hereunder
the Trustee may in its discretion proceed to protect and enforce the rights
vested in it by this Indenture by such appropriate judicial proceedings as the
Trustee shall deem most effectual to protect and enforce any of such rights,
either by suit in equity or by action at law or by proceeding in bankruptcy or
otherwise, whether for the specific enforcement of any covenant or agreement
contained in this Indenture or in aid of the exercise of any power granted in
this Indenture, or to enforce any other legal or equitable right vested in the
Trustee by this Indenture or by law. 

          Section
6.06. Remedies Cumulative and Continuing. All powers and remedies given
by this Article Six to the Trustee or to the Securityholders of any series
shall, to the extent permitted by law, be deemed cumulative and not exclusive
of any thereof or of any other powers and remedies available to the Trustee or
the holders of the Securities of such series, by judicial proceedings or
otherwise, to enforce the performance or observance of the covenants and
agreements contained in this Indenture, and no delay or omission of the Trustee
or of any holder of such Securities to exercise any right or power accruing
upon any default occurring and continuing as aforesaid shall impair any such
right or power, or shall be construed to be a waiver of any such default or an
acquiescence therein; and, subject to the provisions of Section 6.04, every
power and remedy given by this Article Six or by law to the Trustee or to the
Securityholders may be exercised from time to time, and as often as shall be
deemed expedient, by the Trustee or by the Securityholders. 

          Section
6.07. Direction of Proceedings and Waiver of Defaults by Securityholders.
The holders of a majority in aggregate principal amount of the Securities of
any series at the time Outstanding shall have the right to direct the time,
method and place of conducting any proceeding for any remedy available to the
Trustee, or exercising any trust or power conferred on the Trustee, with
respect to the Securities of such series, provided, however, that
(subject to the requirements of Section 315 of the Trust Indenture Act of 1939)
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 proceeding so
directed may not lawfully be taken or if the Trustee in good faith by its board
of directors or trustees, executive committee, or a trust committee of
directors or trustees and/or Responsible Officers shall determine that the
action or proceeding so directed could involve the Trustee in personal
liability. The holders of a majority in aggregate principal amount of the
Securities of any series at the time Outstanding may on behalf of the holders
of all of the Securities of such series waive any past default or Event of
Default and its consequences with respect to the Securities of such series,
except a default in the payment of interest on, or the principal of, any
Security of such series or in respect of a covenant or provision hereof which
under Article Ten cannot be modified or amended without the consent of the
holder of each Outstanding Security of the series affected. Upon any such
waiver the Company, the Trustee and the holders of such Securities shall be
restored to their former positions and rights hereunder, respectively; but no
such waiver shall extend to any subsequent or other default or Event of Default
or impair any right consequent thereon. Whenever any default or Event of
Default hereunder shall have been waived as permitted by this Section 6.07,
said default or Event of Default shall for all purposes of such series of
Securities and this Indenture be deemed to have been cured and to be not
continuing. 

15

ARTICLE SEVEN

CONCERNING THE TRUSTEE

          Section
7.01. Reliance on Documents, Opinions, etc: Subject to the requirements
of Section 315 of the Trust Indenture Act of 1939: 

	
  

 	
  

 	
  

 
	
  

 	
 (a)

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

 
	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 any request, direction, order or demand of the Company mentioned
 herein shall be sufficiently evidenced by an Officers’ Certificate (unless
 other evidence in respect thereof be herein specifically prescribed); and any
 resolution of the Board of Directors of the Company may be evidenced to the
 Trustee by a copy thereof certified by the Secretary, an Assistant Secretary
 or an Attesting Secretary of the Company;

 
	
  

 	
  

 	
  

 
	
  

 	
 (c)

 	
 the Trustee may consult with counsel and any Opinion of Counsel shall
 be full and complete authorization and protection in respect of any action
 taken, omitted or suffered to be taken by it hereunder in good faith and in
 accordance with such Opinion of Counsel;

 
	
  

 	
  

 	
  

 
	
  

 	
 (d)

 	
 the Trustee shall be under no obligation to exercise any of the
 rights or powers vested in it by this Indenture at the request, order or
 direction of any of the Securityholders, pursuant to the provisions of this
 Indenture, unless such Securityholders shall have offered to the Trustee
 security or indemnity satisfactory to it against the costs, expenses and
 liabilities which might be incurred therein or thereby;

 
	
  

 	
  

 	
  

 
	
  

 	
 (e)

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

 
	
  

 	
  

 	
  

 
	
  

 	
 (f)

 	
 the Trustee shall not be bound to make any inquiry or investigation
into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order,
bond, note or other paper or document relating to a series of Securities
unless requested in writing so to do by the holders of a majority in
aggregate principal amount of the Securities of such series then Outstanding;
provided, however, that if the payment within a reasonable time to the
Trustee of the costs and expenses or liabilities likely to be incurred by it
in the making of such investigation is, in the opinion of the Trustee, not
reasonably assured to the Trustee by the security conferred upon it by the
terms of this Indenture, the Trustee may require satisfactory indemnity
against such costs, expenses or liabilities as a condition to so proceeding;
and the reasonable expense of such investigation shall be paid by the Company
or, if paid by the Trustee, shall be repaid by the Company upon demand;  

 

16

	
  

 	
  

 	
  

 
	
  

 	
 (g)

 	
 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;

 
	
  

 	
  

 	
  

 
	
  

 	
 (h)

 	
 the Trustee shall not be charged with knowledge of any default
 hereunder or any Event of Default unless either (i) a Responsible Officer of
 the Trustee shall have actual knowledge of such default or Event of Default
 or (ii) written notice of such default or Event of Default shall have been
 given to the Trustee by the Company or any other obligor on the Securities
 with respect to which such default or Event of Default shall have occurred,
 or by any holder of such Securities; and

 
	
  

 	
  

 	
  

 
	
  

 	
 (i)

 	
 none of the provisions of this Indenture shall be construed as
 requiring the Trustee to expend or risk its own funds or otherwise to incur
 any personal financial liability in the performance of any of its duties
 hereunder, or in the exercise of any of its rights or powers, if there shall
 be reasonable grounds for believing that repayment of such funds or adequate
 indemnity against such risk or liability is not reasonably assured to it. 

 

          Section
7.02. No Responsibility for Recitals. The recitals contained herein
shall be taken as the statements of the Company and the Trustee assumes no
responsibility for the correctness of the same. The Trustee makes no
representations as to the validity or sufficiency of this Indenture or the
Securities. The Trustee shall not be accountable for the use or application by
the Company of any of the Securities or of the proceeds thereof. 

          Section
7.03. Ownership of Securities. The Trustee and any agent of the Company
or of the Trustee, in its individual or any other capacity, may become the
owner or pledgee of Securities with the same rights it would have if it were
not Trustee or such agent. 

          Section
7.04. Moneys to be Held in Trust. Subject to the provisions of Sections
12.03 and 12.04 hereof, all moneys received by the Trustee or any Paying Agent
shall, until used or applied as herein provided, be held in trust for the
purposes for which they were received, but need not be segregated from other
funds except to the extent required by law. Neither the Trustee nor any Paying
Agent shall be under any liability for interest on any moneys received by it
hereunder except such as it may agree with the Company to pay thereon. So long
as no Event of Default shall have occurred and be continuing, all interest
allowed on any such moneys shall be paid from time to time upon the written
order of the Company, signed by its President, Chairman or any Vice Chairman of
the Board, or any Vice President, Treasurer or Comptroller. 

17

          Section
7.05. Compensation and Expenses of Trustee. The Company covenants and
agrees to pay to the Trustee on an annual basis, and the Trustee shall be
entitled to, reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an express
trust) and, except as otherwise expressly provided, the Company will pay or
reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with
any of the provisions of this Indenture (including the reasonable compensation
and the expenses and disbursements of its counsel and of all Persons not
regularly in its employ) except any such expense, disbursement or advance as
may arise from its negligence or bad faith. If any property other than cash
shall at any time be subject to the lien of this Indenture, 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 Company also covenants to indemnify the Trustee for, and to hold
it harmless against, any loss, liability or expense incurred without negligence
or bad faith on the part of the Trustee, arising out of or in connection with
the acceptance or administration of this trust and its duties hereunder,
including the costs and expenses of defending itself against any claim of
liability in the premises. The obligations of the Company under this Section
7.05 to compensate the Trustee, to pay or reimburse the Trustee for expenses,
disbursements and advances and to indemnify the Trustee shall constitute
additional indebtedness hereunder and shall survive the satisfaction and
discharge of this Indenture. Such additional indebtedness shall be secured by a
lien prior to that of the Securities 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 Securities. 

          Section
7.06. Officers’ Certificate as Evidence. Subject to the requirements of
Section 315 of the Trust Indenture Act of 1939, whenever in the administration
of the provisions of this Indenture the Trustee shall deem it necessary or
desirable that a matter be proved or established prior to taking, omitting or
suffering any action to be taken hereunder, such matter (unless other evidence
in respect thereof be herein specifically prescribed) may, in the absence of
negligence or bad faith on the part of the Trustee, be deemed to be
conclusively proved and established by an Officers’ Certificate delivered to
the Trustee, and such certificate, in the absence of negligence or bad faith on
the part of the Trustee, shall be full warrant to the Trustee for any action
taken, omitted or suffered by it under the provisions of this Indenture upon
the faith thereof. 

          Section
7.07. Eligibility of Trustee. The Trustee hereunder shall at all times
be a corporation organized and doing business under the laws of the United
States, any state or the District of Columbia, which (a) is authorized under
such laws to exercise corporate trust powers, (b) is subject to supervision or
examination by Federal or State authority, (c) shall have at all times a
combined capital and surplus of not less than ten million dollars and (d) is
eligible under the provisions of the Trust Indenture Act of 1939. If such
corporation publishes reports of condition at least annually, pursuant to law,
or to the requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section 7.07, the combined capital and surplus of
such corporation at any time shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. In
case at any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section 7.07, the Trustee shall resign immediately in the
manner and with the effect specified in Section 7.09. 

18

          Section
7.08. Indentures Not Creating Potential Conflicting Interests for the
Trustee. The following indentures are hereby specifically described for the
purposes of Section 310(b)(1) of the Trust Indenture Act of 1939: (a) this
Indenture with respect to the Securities of any other series; (b) the indenture
dated as of October 1, 1991, between the Company and the Trustee; (c) the
indenture dated as of February 1, 1994, between the Company and the Trustee;
(d) the indenture dated as of November 1, 1981, between the Company and the
Trustee; (e) the indenture dated as of April 1, 1991, between the Company and
the Trustee; (f) the indenture dated as of August 1, 1995, between the Company
and the Trustee; (g) the indenture dated as June 3, 1994, between the Company
and the Trustee; (h) the indenture dated as February 27, 1997, between the
Company and the Trustee; (i) the indenture dated as February 28, 1997, between
the Company and the Trustee; (j) the indenture dated as January 25, 2001,
between the Company and the Trustee; (k) the indenture dated as July 15, 2005,
between the Company and the Trustee (l) the indenture dated as of April 30,
2012, among the Company, LJ VP Holdings LLC and the Trustee. 

          Section
7.09. Resignation or Removal of Trustee. (a) The Trustee, or any trustee
or trustees hereafter appointed, may at any time resign with respect to any one
or more or all series of Securities by giving written notice of resignation to
the Company and by mailing notice thereof to the holders of Securities of such
series at their addresses as they shall appear on the Security Register. Upon
receiving such notice of resignation, the Company shall promptly appoint a
successor trustee with respect to the Securities of such series 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 resigning
Trustee and one copy to the successor trustee. If no successor trustee with
respect to the Securities of such series shall have been so appointed and have
accepted appointment within 60 days after the giving of such notice of
resignation, the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor trustee, or any Securityholder
who has been a bona fide holder of a Security or Securities of such series for
at least six months may, subject to the requirements of Section 315(e) of the
Trust Indenture Act of 1939, on behalf of himself and all others similarly
situated, petition any such court for the appointment of a successor trustee
with respect to the Securities of such series. Such court may thereupon, after
such notice, if any, as it may deem proper and prescribe, appoint a successor
trustee with respect to the Securities of such series. 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 In case at any time any of the following shall occur: 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (1)

 	
 the Trustee shall fail to comply with Section 310(b) of the Trust
 Indenture Act of 1939 after written request therefor by the Company or by any
 holder who has been a bona fide Holder of a Security for at least six months,
 or 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (2)

 	
 the Trustee shall cease to be eligible in accordance with the
 provisions of Section 7.07 and shall fail to resign after written request
 therefor by the Company or by any such Securityholder, or 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (3)

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

 

19

then, in any such case, the Company may remove the Trustee with respect
to all series and appoint a successor trustee with respect to all series 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, or, subject to the
requirements of Section 315(e) of the Trust Indenture Act of 1939, any
Securityholder who has been a bona fide holder of a Security or Securities for
at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the
Trustee with respect to all Securities and the appointment of a successor
trustee with respect to all Securities. Such court may thereupon, after such
notice, if any, as it may deem proper and prescribe, remove the Trustee and
appoint a successor trustee. 

          (c)
The holders of a majority in aggregate principal amount of the Securities of
one or more series (each series voting as a class) or all series at the time
Outstanding may at any time remove the Trustee with respect to the applicable
series or all series, as the case may be, and appoint with respect to the
applicable series or all series, as the case may be a successor trustee by
written notice of such action to the Company, the Trustee and the successor
trustee. 

          (d)
Any resignation or removal of the Trustee with respect to any series and any
appointment of a successor trustee with respect to such series pursuant to any
of the provisions of this Section 7.09 shall become effective upon acceptance
of appointment by the successor trustee as provided in Section 7.10. 

          Section
7.10. Acceptance by Successor Trustee. Any successor trustee with
respect to all Securities appointed as provided in Section 7.09 shall execute,
acknowledge and deliver to the Company and to its predecessor trustee an
instrument accepting such appointment hereunder, and thereupon the resignation
or removal of the predecessor trustee with respect to all series shall become
effective and such successor trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, duties and
obligations with respect to such series of its predecessor hereunder, with like
effect as if originally named as trustee herein; but, nevertheless, on the
written request of the Company or of the successor trustee, the trustee ceasing
to act shall, upon payment (or due provision therefor) of any amounts then due
it pursuant to the provisions of Section 7.05, execute and deliver an
instrument transferring to such successor trustee all the rights and powers
with respect to such series of the trustee so ceasing to act. In case of the
appointment hereunder of a successor Trustee with respect to the Securities of
one or more (but not all) series, the Company, the retiring Trustee and each
successor Trustee with respect to the Securities of one or more series shall
execute and deliver an indenture supplemental hereto wherein each successor
Trustee shall accept such appointment and which (1) shall contain such
provisions as shall be necessary or desirable to transfer and confirm to, and
to vest in, each successor Trustee all the rights, powers, trusts and duties of
the retiring Trustee with respect to the Securities of that or those series to
which the appointment of such successor Trustee relates, (2) if the retiring
Trustee is not retiring with respect to all Securities, shall contain such
provisions as shall be deemed necessary or desirable to confirm that all the
rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series as to which the retiring Trustee is not
retiring shall continue to be vested in the retiring Trustee, and (3) shall add
to or change any of the provisions of this Indenture as shall be necessary to
provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same
trust and that each such Trustee shall be trustee of a trust or trusts
hereunder separate and apart from any trust of trusts hereunder administered by
any other such Trustee; and upon the execution and delivery of such
supplemental indenture the resignation or removal of the retiring Trustee shall
become effective to the extent provided therein and each such successor
Trustee, without any further act, deed or conveyance, shall become vested with
all the rights, powers, trusts and duties of the retiring Trustee with respect
to the Securities of that or those series to which the appointment of such
successor Trustee relates; but, on request of the Company or any successor
Trustee, such retiring Trustee shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee
hereunder with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates. Any trustee ceasing to act
shall, nevertheless, retain a lien upon all property or funds held or collected
by such trustee to secure any amounts then due it pursuant to the provisions of
Section 7.05. No successor trustee shall accept appointment as provided in this
Section 7.10 unless at the time of such acceptance such successor trustee shall
be qualified under the requirements of the Trust Indenture Act of 1939 and eligible
under the provisions of Section 7.07. Upon request of any such successor
trustee, the Company shall execute any and all instruments in writing in order
more fully and certainly to vest in and confirm to such successor trustee all
such rights and powers. 

20

          Upon
acceptance of appointment by a successor trustee with respect to any series as
provided in Section 7.10, the Company shall mail notice of the succession of
such trustee hereunder to the holders of each series of Securities affected at
their addresses as they shall appear on the Security Register. If the Company
fails to mail such notice within ten days after the acceptance of appointment
by the successor trustee, the successor trustee shall cause such notice to be
mailed at the expense of the Company. 

          Section
7.11. Succession by Merger, etc. Any corporation into which the Trustee
may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which the
Trustee shall be a party, or any corporation succeeding to all or substantially
all of the corporate trust business of the Trustee, shall be the successor to
the Trustee hereunder, provided such corporation shall be qualified
under the requirements of the Trust Indenture Act of 1939 and eligible under
the provisions of Section 7.07, without the execution or filing of any paper or
any further act on the part of any of the parties hereto, anything herein to
the contrary notwithstanding. 

ARTICLE EIGHT

CONCERNING THE SECURITYHOLDERS

          Section
8.01. Action by Securityholders. Whenever in this Indenture it is
provided that the holders of a specified percentage in aggregate
principal amount of the Securities of any or all series may take any action (including
the making of any demand or request, the giving of any notice, consent or
waiver or the taking of any other action) the fact that at the time of taking
any such action the holders of such specified percentage have joined therein
may be evidenced (a) by any instrument or any number of instruments of similar
tenor executed by such Securityholders in person or by agent or proxy appointed
in writing, or (b) by the record of such holders of Securities voting in favor
thereof at any meeting of such Securityholders duly called and held in
accordance with the provisions of Article Nine, or (c) by a combination of such
instrument or instruments and any such record of such a meeting of such
Securityholder. 

21

          Section
8.02. Proof of Execution by Securityholders. Subject to the requirements
of Section 315 of the Trust Indenture Act of 1939 and Sections 7.01 and 9.05,
proof of the execution of any instrument by a Securityholder or his agent or
proxy shall be sufficient if made in accordance with such reasonable rules and
regulations as may be prescribed by the Trustee or in such manner as shall be
satisfactory to the Trustee. The ownership of Securities shall be proved by the
Security Register. 

          The record
of any Securityholders’ meeting shall be proved in the manner provided in
Section 9.07. The Company may set a record date for purposes of determining the
identity of holders of any series of Securities entitled to vote or consent to
any action referred to in Section 8.01, which record date may be set at any
time or from time to time by notice to the Trustee, for any date or dates (in
the case of any adjournment or reconsideration) not more than 60 days nor less
than five days prior to the proposed date of such vote or consent, and thereafter,
notwithstanding any other provisions hereof, with respect to any series of
Securities, only holders of Securities of such series of record on such record
date shall be entitled to so vote or give such consent or revoke such vote or
consent. 

          Section
8.03. Who Are Deemed Absolute Owners. The Company, the Trustee and any
agent of the Company or of the Trustee may deem the Person in whose name a
Security shall be registered in the Security Register to be, and may treat him
as, the absolute owner of such Security (whether or not such Security shall be
overdue) for the purpose of receiving payment of or on account of the principal
of and interest on such Security and for all other purposes; and neither the
Company nor the Trustee nor any agent of the Company or the Trustee shall be
affected by any notice to the contrary. All such payments so made to any holder
for the time being, or upon his order, shall be valid, and, to the extent of
the sum or sums so paid, effectual to satisfy and discharge the liability for
moneys payable upon any such Security. 

          Section
8.04. Revocation of Consents. At any time prior to (but not after) the
evidencing to the Trustee, as provided in Section 8.01, of the taking of any
action by the holders of the percentage in aggregate principal amount of the
Securities of any or all series specified in this Indenture in connection with
such action, any holder of a Security which is shown by the evidence to be
included in the Securities the holders of which have consented to such action
may, by filing written notice with the Trustee at its Principal Office and upon
proof of holding as provided in Section 8.02, revoke such action so far as
concerns such Security. 

22

ARTICLE NINE

SECURITYHOLDERS’ MEETINGS

          Section
9.01. Purposes of Meetings. A meeting of holders of Securities of any or
all series may be called at any time and from time to time pursuant to the
provisions of this Article Nine for any of the following purposes: 

	
  

 	
  

 	
  

 
	
  

 	
 (1)

 	
 to give any notice to the Company or to the Trustee, or to give any
 directions to the Trustee, or to consent to the waiving of any default
 hereunder and its consequences or to take any other action authorized to be
 taken by Securityholders of any or all series pursuant to any of the
 provisions of Article Six; 

 
	
  

 	
  

 	
  

 
	
  

 	
 (2)

 	
 to remove the Trustee of any or all series and nominate a successor
 trustee pursuant to the provisions of Article Seven; 

 
	
  

 	
  

 	
  

 
	
  

 	
 (3)

 	
 to consent to the execution of an indenture or indentures
 supplemental hereto with respect to any or all series pursuant to the
 provisions of Section 10.02; or 

 
	
  

 	
  

 	
  

 
	
  

 	
 (4)

 	
 to take any other action authorized to be taken by or on behalf of
 the holders of any specified aggregate principal amount, or specified
 percentage in aggregate principal amount of the Securities of any or all
 series under any other provision of this Indenture or under applicable law. 

 

          Section
9.02. Call of Meetings by Trustee. The Trustee may at any time call a
meeting of holders of Securities of any or all series to take any action
specified in Section 9.01, to be held at such time and at such place in the
Borough of Manhattan, The City of New York, as the Trustee shall determine.
Notice of every meeting of the holders of Securities of any or all series,
setting forth the time and the place of such meeting and in general terms the
action proposed to be taken at such meeting, shall be mailed to holders of
Securities of such series at their addresses as they shall appear on the
Security Register. Such notice shall be mailed not less than 20 nor more than
90 days prior to the date fixed for the meeting. 

          Section
9.03. Call of Meetings by the Company or Securityholders. In case at any
time the Company, pursuant to a resolution of its Board of Directors, or the
holders of at least ten percent in aggregate principal amount of the Securities
of any series then Outstanding, shall have requested the Trustee to call a
meeting of the holders of Securities of any series that may be so affected, by
written request setting forth in reasonable detail the action proposed to be
taken at the meeting, and the Trustee shall not have mailed the notice of such
meeting within 20 days after receipt of such request, then the Company or such
Securityholders, in the amount specified above, may determine the time and the
place in said Borough of Manhattan for such meeting and may call such meeting
to take any action authorized in Section 9.01, by mailing notice thereof as
provided in Section 9.02. 

23

          Section
9.04. Qualifications for Voting. To be entitled to vote at any meeting
of Securityholders of any or all series then Outstanding a Person shall (a) be
a holder of a Security of such series on the Security Register or (b) be a
Person appointed by an instrument in writing as proxy by a holder of such a
Security. The only Persons who shall be entitled to be present or to speak at
any meeting of Securityholders shall be the Persons entitled to vote at such
meeting and their counsel, any representatives of the Trustee and its counsel
and any representatives of the Company and its counsel. 

          Section
9.05. Regulations. Notwithstanding any other provisions of this
Indenture, the Trustee may make such reasonable regulations as it may deem
advisable for any meeting of Securityholders, in regard of proof of the holding
of Securities and of the appointment of proxies, and in regard to the
appointment and duties of inspectors of votes, the submission and examination
of proxies, certificates and other evidence of the right to vote, and such
other matters concerning the conduct of the meeting as it shall think fit.
Except as otherwise permitted or required by any such regulations, the holding
of Securities shall be proved in the manner provided in Section 8.02 and the
appointment of any proxy shall be proved in the manner specified in Section
8.02. 

          The Trustee
shall, by an instrument in writing, appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by
Securityholders as provided in Section 9.03, in which case the Company or the
Securityholders calling the meeting, as the case may be, shall in like manner
appoint a temporary chairman. A permanent chairman and a permanent secretary of
the meeting shall be elected by majority vote of the meeting. At any meeting
each holder of Securities or proxy shall be entitled to one vote for each $100
principal amount of Securities held or represented by him: provided, however,
that no vote shall be cast or counted at any meeting in respect of any Security
challenged as not Outstanding and ruled by the chairman of the meeting to be
not Outstanding. The chairman of the meeting shall have no right to vote other
than by virtue of such Securities held by him or instruments in writing as
aforesaid duly designating him as the person to vote on behalf of other such
Securityholders. Any meeting of holders of Securities with respect to which a
meeting was duly called pursuant to the provisions of Section 9.02 or 9.03 may
be adjourned from time to time by a majority of those present, whether or not
constituting a quorum, and the meeting may be held as so adjourned without
further notice. 

          Section
9.06. Quorum; Adjourned Meetings. The Persons entitled to vote a
majority in aggregate principal amount of the Securities of the relevant series
at the time Outstanding shall constitute a quorum for the transaction of all
business specified in Section 9.01. No business shall be transacted in the absence
of a quorum (determined as provided in this Section 9.06). In the absence of a
quorum within 30 minutes after the time appointed for any such meeting, the
meeting shall, if convened at the request of the holders of Securities (as
provided in Section 9.03), be dissolved. In any other case the meeting shall be
adjourned for a period of not less than ten days as determined by the chairman
of the meeting. In the absence of a quorum at any such adjourned meeting, such
adjourned meeting shall be further adjourned for a period of not less than ten
days as determined by the chairman of the meeting. Notice of the reconvening of
any adjourned meeting shall be given as provided in Section 9.02, except that
such notice must be mailed not less than five days prior to the date on which
the meeting is scheduled to be reconvened. 

24

          At the
second reconvening of any meeting adjourned for lack of a quorum, the Persons
entitled to vote 25% in aggregate principal amount of the Securities of the
relevant series then Outstanding shall constitute a quorum for the taking of
any action set forth in the notice of the original meeting. Notice of the
reconvening of an adjourned meeting shall state expressly the percentage of the
aggregate principal amount of the Securities of the relevant series then
Outstanding which shall constitute a quorum. 

          At a
meeting or any adjourned meeting duly convened and at which a quorum is present
as aforesaid, any resolution and all matters (except as limited by the proviso
in Section 10.02, by Section 6.07 and by the last sentence of Section 6.04)
shall be effectively passed and decided if passed or decided by the Persons
entitled to vote the lesser of (a) the percentage in aggregate principal amount
of the Securities of the relevant series then Outstanding otherwise entitled
hereunder to take the relevant action and (b) 75% in aggregate principal amount
of the Securities represented and voting at the meeting. 

          Any holder
of a Security who has executed in person or by proxy and delivered to the
Trustee an instrument in writing complying with the provisions of Article Eight
shall be deemed to be present for the purposes of determining a quorum and be
deemed to have voted; provided that such holder of a Security shall be
considered as present or voting only with respect to the matters covered by
such instrument in writing. 

          Section
9.07. Voting. The vote upon any resolution submitted to any meeting of
holders of Securities shall be by written ballots on which shall be subscribed
the signatures of such holders of Securities or of their representatives by
proxy and the principal amount of such Securities held or represented by them.
The permanent chairman of the meeting shall appoint two inspectors of votes who
shall count all votes cast at the meeting for or against any resolution and who
shall make and file with the secretary of the meeting their verified written
reports in duplicate of all votes cast at the meeting. A record in duplicate of
the proceedings of each meeting of Securityholders shall be prepared by the
secretary of the meeting and there shall be attached to said record the
original reports of the inspectors of votes on any vote by ballot taken thereat
and affidavits by one or more persons having knowledge of the facts setting
forth a copy of the notice of the meeting and showing that said notice was
mailed as provided in Section 9.02. The record shall show the principal amount
of the Securities voting in favor of or against any resolution. The record shall
be signed and verified by the affidavits of the permanent chairman and
secretary of the meeting and one of the duplicates shall be delivered to the
Company and the other to the Trustee to be preserved by the Trustee, the latter
to have attached thereto the ballots voted at the meeting. 

          Any record
so signed and verified shall be conclusive evidence of the matters therein
stated. 

          Section
9.08. No Delay of Rights by Meeting. Nothing in this Article Nine shall
be deemed or construed to authorize or permit, by reason of any call of a
meeting of Securityholders of any or all series or any rights expressly or
impliedly conferred hereunder to make such call, any hindrance or delay in the
exercise of any right or rights conferred upon or reserved to the Trustee or to
the Securityholders of any or all series under any of the provisions of this
Indenture or of the Securities. 

25

ARTICLE TEN

SUPPLEMENTAL INDENTURES

          Section
10.01. Supplemental Indentures without Consent of Securityholders. The
Company and the Trustee may from time to time and at any time enter into an
indenture or indentures supplemental hereto for one or more of the following
purposes: 

	
  

 	
  

 	
  

 
	
  

 	
 (a)

 	
 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
 Eleven hereof; 

 
	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 to add to the covenants of the Company such further covenants,
 restrictions or conditions for the protection of the holders of all or any
 series of Securities (and if such covenants are to be for the benefit of less
 than all Securities, stating that such covenants are expressly being included
 for the benefit of such series) as the Company and the Trustee shall consider
 to be for the protection of the holders of such Securities and to make the
 occurrence, or the occurrence and continuance, of a default in any of such
 additional covenants, restrictions or conditions a default or an Event of
 Default permitting the enforcement of all or any of the several remedies
 provided in this Indenture as herein set forth; provided, however,
 that in respect of any such additional covenant, restriction or condition
 such supplemental indenture may provide for a particular period of grace
 after default (which period may be shorter or longer than that allowed in the
 case of other defaults) or may provide for an immediate enforcement upon such
 default or may limit the remedies available to the Trustee upon such default;
 

 
	
  

 	
  

 	
  

 
	
  

 	
 (c)

 	
 to establish the terms of any series of Securities as permitted by
 Section 2.01; 

 
	
  

 	
  

 	
  

 
	
  

 	
 (d)

 	
 to amend in a manner which shall not adversely affect the interests
 of the holders of Outstanding Securities of a series the price or prices at
 which, period or periods within which or terms and conditions upon which each
 such series of Securities may be redeemed in whole or part at the option of
 the Securityholder; 

 
	
  

 	
  

 	
  

 
	
  

 	
 (e)

 	
 to cure any ambiguity or to correct or supplement any provision contained
 herein or in any supplemental indenture which may be defective or
 inconsistent with any other provision contained herein or in any supplemental
 indenture, or to make such other provisions in regard to matters or questions
 arising under this First Indenture which shall not adversely affect the
 interests of the holders of the Outstanding Securities; and 

 
	
  

 	
  

 	
  

 
	
  

 	
 (f)

 	
 to evidence and provide for the acceptance of appointment hereunder
 by a successor trustee with respect to the Securities of one or more series
 or to add to or change any of the provisions of this Indenture, as shall be
 necessary to provide for or facilitate the administration of the trusts
 hereunder by more than one trustee, pursuant to the requirements of Section
 7.09. 

 

26

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

          Any
supplemental indenture authorized by the provisions of this Section 10.01 may
be executed by the Company and the Trustee without the consent of the holders
of any of the Securities at the time Outstanding, notwithstanding any of the
provisions of Section 10.02. 

          Section
10.02. Supplemental Indentures with Consent of Securityholders. With the
consent (evidenced as provided in Sections 8.01 and 8.02) of the holders of not
less than 66-2/3% in aggregate principal amount of the Outstanding Securities
of each series affected by such supplemental indenture (each series of
Securities voting as a class) or, in case all series are so affected, of all
series (voting as a class), the Company and the Trustee may from time to time
and at any time enter into an indenture or indentures supplemental hereto for
the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Indenture or of any supplemental
indenture or of modifying in any manner the rights of the holders of the
Outstanding Securities; provided, however, that no such
supplemental indenture shall (i) reduce the principal amount of any Outstanding
Security or change the Stated Maturity of the principal of, or any installment
of principal of or interest on, any Outstanding Security without the consent of
the holder of each Security so affected, (ii) make the principal or interest on
any Security payable in any coin or currency other than U.S. dollars without
the consent of the holder of each Security so affected or (iii) reduce the
aforesaid percentage in aggregate principal amount of Securities, the holders
of which are required to consent to any such supplemental indenture, without
the consent of the holder of each Security so affected. 

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

          Upon the
request of the Company, accompanied by copies of the resolutions of its Board
of Directors authorizing the execution and delivery of any such supplement
indenture, and upon the filing with the Trustee of evidence of the consent of
Securityholders 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 Securityholders under this Section
10.02 to approve the particular form of any proposed supplemental indenture,
but it shall be sufficient if such consent shall approve the substance thereof.

27

          Section
10.03. Compliance with Trust Indenture Act; Effect of Supplemental
Indentures. Any supplemental indenture executed pursuant to the provisions
of this Article Ten shall comply with the Trust Indenture Act of 1939, as then in
effect. Upon the execution of any supplemental indenture pursuant to the
provisions of this Article Ten, this Indenture shall 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 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. 

          Section
10.04. Evidence of Compliance of Supplemental Indenture to be Furnished
Trustee. The Trustee, subject to the requirements of Section 315 of the
Trust Indenture Act of 1939 and Section 7.01, may receive an Officers’
Certificate and an Opinion of Counsel as conclusive evidence that any
supplemental indenture executed pursuant hereto complies with the requirements
of this Article Ten. 

ARTICLE ELEVEN

CONSOLIDATION, MERGER, SALE OR CONVEYANCE

          Section
11.01. Company May Not Consolidate, etc., Except Under Certain Conditions.
The Company covenants that it will not merge or consolidate with any other
corporation or sell, convey, transfer or otherwise dispose of all or
substantially all of its assets to any corporation, unless (i) the Company
shall be the continuing corporation, or the successor corporation (if other
than the Company) shall, by supplemental indenture satisfactory to the Trustee,
executed and delivered to the Trustee by such corporation, expressly assume by
an indenture supplemental hereto in form satisfactory to the Trustee the due
and punctual payment of the principal of and interest on all the Securities and
the due and punctual performance and observance of all of the covenants and
conditions of this Indenture to be performed by the Company, and (ii) the
Company or such successor corporation, as the case may be, shall not, immediately
after such merger or consolidation, or such sale, conveyance, transfer or other
disposition, be in default in the performance of any such covenant or
condition. In the event of any such sale, conveyance (other than by way of
lease), transfer or other disposition, the predecessor company may be
dissolved, wound up and liquidated at any time thereafter. 

          Section
11.02. Documents to be Given Trustee. The Trustee, subject to the
requirements of Section 315 of the Trust Indenture Act of 1939 and Section
7.01, may receive an Officers’ Certificate and an Opinion of Counsel as
conclusive evidence that any such consolidation, merger, sale, conveyance,
transfer or other disposition, and any such assumption, comply with the
provisions of this Article Eleven. 

28

ARTICLE TWELVE

SATISFACTION AND DISCHARGE OF INDENTURE

          Section
12.01. Discharge of Indenture. When (a) all Securities have become due
and payable, (b) the Company shall have deposited with the Trustee, in trust,
funds sufficient to pay all the Securities, including principal and interest
due or to become due to such date of payment and (c) there shall have been paid
all sums payable hereunder by the Company, then this Indenture shall cease to
be of further effect, and the Trustee, on demand of the Company accompanied by
an Officers’ Certificate of the Company and an Opinion of Counsel for the
Company each to the effect that all conditions precedent provided for herein to
the satisfaction and discharge of this Indenture have been complied with and at
the cost and expense of the Company, shall execute proper instruments
acknowledging satisfaction of and discharging this Indenture, the Company,
however, hereby agreeing to reimburse the Trustee for any costs or expenses
thereafter reasonably and properly incurred by the Trustee in connection with
this Indenture or the Securities. 

          Section
12.02. Deposited Moneys to be Held in Trust by Trustee. All moneys
deposited with the Trustee pursuant to the provisions of Section 12.01 shall be
held in trust and applied by it to the payment, either directly or through any
Paying Agent (including the Company if acting as its own paying agent), to the
holders of the Securities for payment or redemption of which such moneys have
been deposited with the Trustee, of all sums due and to become due thereon for
principal and interest. 

          Section
12.03. Paying Agent to Repay Moneys Held. Upon the satisfaction and
discharge of this Indenture all moneys then held by any Paying Agent of the
Securities (other than the Trustee) shall, upon demand of the Company be repaid
to the Company or paid to the Trustee, and thereupon such Paying Agent shall be
released from all further liability with respect to such moneys. 

          Section
12.04. Return of Unclaimed Moneys. Any moneys deposited with or paid to
the Trustee or a Paying Agent by the Company for payment of the principal of or
interest on any Securities and not applied but remaining unclaimed by the
holders of Securities for two years after the date upon which the principal of
or interest on such Securities, as the case may be, shall have become due and
payable, shall be repaid to the Company by the Trustee or such Paying Agent on
written demand and thereupon all liability of the Trustee or such Paying Agent
with respect to such money shall cease; and the holder of any such Securities
shall thereafter look only to the Company for any payment which such holder may
be entitled to collect. 

29

ARTICLE THIRTEEN

IMMUNITY OF INCORPORATORS, 

STOCKHOLDERS, OFFICERS AND DIRECTORS

          Section
13.01. Indenture and Securities Solely Corporate Obligations. No
recourse for the payment of the principal of or interest on any Security, or
for any claim based thereon or otherwise in respect thereof, and no recourse
under or upon any obligation, covenant or agreement of the Company in this
Indenture or in any supplemental indenture, or in any Security, or because of
the creation of any indebtedness represented thereby, shall be had against any
incorporator, stockholder, officer or director, as such, past, present or
future, of the Company or of any successor corporation, either directly or
through the Company or any successor corporation, whether by virtue of any
constitution, statute or rule of law, or by the enforcement of any assessment
or penalty or otherwise; it being expressly understood that all such liability
is hereby expressly waived and released as a condition of, and as a
consideration for, the execution of this Indenture and the issue of the
Securities. 

ARTICLE FOURTEEN

MISCELLANEOUS PROVISIONS

          Section
14.01. Provisions Binding on Company’s Successors. All the covenants,
stipulations, promises and agreements by the Company in this Indenture
contained shall bind its successors and assigns whether so expressed or not. 

          Section
14.02. Official Acts by Successor Corporation. Any act or proceeding by
any provision of this Indenture authorized or required to be done or performed
by any board, committee or officer of the Company shall and may be done and
performed with like force and effect by the like board, committee or officer of
any corporation that shall at the time be the lawful sole successor of the
Company. 

          Section
14.03. Addresses for Notices, etc. Any notice or demand which by any
provision of this Indenture is required or permitted to be given or served by
the Trustee or by the holders of Securities on the Company may be given or
served by being deposited postage prepaid by first class mail in a post office
letter box addressed (until another address is filed by the Company with the
Trustee) to General Electric Capital Corporation, Attention: Senior Vice
President, Corporate Treasury and Global Funding Operation, 260 Long Ridge
Road, Stamford, Connecticut 06927. Any notice, direction, request or demand by
any Securityholder to or upon the Trustee shall be deemed to have been
sufficiently given or made, for all purposes, if given or made in writing at
the Principal Office of the Trustee, addressed to the attention of its Corporate
Trust Department. 

          Section
14.04. NEW YORK CONTRACT. THIS INDENTURE AND EACH SECURITY SHALL BE
DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR
ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE. 

          Section
14.05. Legal Holidays. Except as may be otherwise provided with respect
to any series of Securities, in any case where any date on which a payment is
due will be in The City of New York, New York or the City of the principal
office of the Agent Bank, a Saturday, a Sunday, a legal holiday or a day on
which banking institutions are authorized or required by law or executive order
to close or remain closed, then payment of such interest on or principal of the
Securities need not be made on such date but may be made on the next succeeding
day not in either such city, a Saturday, a Sunday, a legal holiday or a day on
which banking institutions are authorized or required by law or executive order
to close or remain closed, with the same force and effect as if made on such
date, and no interest shall accrue for the period from and after such date. 

30

          Section
14.06. Table of Contents, Headings, etc. The table of contents and the
titles and headings of the articles and sections of this Indenture have been
inserted for convenience of reference only, are not to be considered a part
hereof, and shall in no way modify or restrict any of the terms or provisions
hereof. 

          Section
14.07. Execution in Counterparts. This Indenture may be executed in any
number of counterparts, each of which shall be an original, but such
counterparts shall together constitute but one and the same instrument. 

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

          Section
14.09. Benefits. Nothing in this Indenture, expressed or implied, shall
give to any Person, other than the parties hereto and their successors
hereunder, and the holders of the Securities, any benefit or any legal or
equitable right, remedy or claim under this Indenture. 

          Section
14.10. Trust Indenture Act to Control. If and to the extent that any
provision of this Indenture limits, qualifies or conflicts with the duties
imposed by, or with another provision (an “incorporated
provision”) included in this Indenture by operation of, Section 310
to 318, inclusive, of the Trust Indenture Act of 1939, such imposed duties or
incorporated provision shall control. 

          Section
14.11. Evidence of Compliance with Conditions Precedent. Upon any
application or demand 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. 

          Each
certificate or opinion provided for in this Indenture and delivered to the
Trustee with respect to compliance with a condition or covenant provided for in
this Indenture (except for the certificates required by Section 4.05) shall
include: (1) a statement that the person making such certificate or opinion has
read such covenant or condition; (2) a brief statement as to the nature and
scope of the examination or investigation upon which the statements or opinion
contained in such certificate or opinion are based; (3) a statement that, in
the opinion of such person, he has made such examination or investigation as is
necessary to enable him to express an informed opinion as to whether or not
such covenant or condition has been complied with; and (4) a statement as to
whether or not, in the opinion of such person, such condition or covenant has
been complied with. 

          Section
14.12. Waiver of Jury Trial. THE COMPANY AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND
ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING
TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY. 

31

          IN WITNESS
WHEREOF, the parties hereto have caused this Indenture to be duly executed as
of November 5, 2012. 

	
  

 	
  

 	
  

 
	
  

 	
 GENERAL
 ELECTRIC CAPITAL CORPORATION

 
	
  

 	
  

 
	
  

 	
 By

 	
 /s/ Kathryn
 A. Cassidy

 
	
  

 	
  

 	

 

 
	
  

 	
 Title:
 Senior Vice President – Corporate Treasury and Global Funding Operation

 
	
  

 	
  

 	
  

 
	
  

 	
 THE BANK OF
 NEW YORK MELLON

 
	
  

 	
  

 	
  

 
	
  

 	
 By

 	
 /s/ Francine
 Kincaid

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Title: Vice
 President

 

32exhibit10_1.htm

Exhibit 10.1

AMENDMENT NUMBER THREE

TO THE

HENRY SCHEIN, INC.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

AMENDED AND RESTATED EFFECTIVE AS OF JANUARY 1, 2008

WHEREAS, Henry Schein, Inc. (the “Company”) maintains the Henry Schein, Inc. Supplemental Executive Retirement Plan, amended and restated effective as of January 1, 2008 (the “Plan”);

WHEREAS, pursuant to Section 16 of the Plan, the Board of Directors of the Company or an authorized committee may amend the Plan;

WHEREAS, the Compensation Committee is authorized to amend the Plan; and

WHEREAS, the Compensation Committee wishes to amend the Plan to clarify the manner in which payment of benefits under the Plan are made.

NOW, THEREFORE, the Plan is hereby amended effective as of January 1, 2012 as follows:

 

	
1.

	
Section 5(a) of the Plan is hereby amended in its entirety to read as follows:

	  	
“(a)

	
In the event of a Participant’s Termination of Employment, the Participant’s vested Benefit shall be paid in two installments as follows:

	  	
(i)

	
The first such installment shall be paid on the first biweekly payroll date immediately following the six-month anniversary of the date of Termination of Employment.  The amount of the first installment shall be equal to the Participant’s vested Benefit as of his Termination of Employment, as adjusted pursuant to Section 3(b).

	  	
(ii)

	
The second such installment shall be paid in the calendar year immediately following the date of the Termination of Employment.  The amount of the second installment shall be equal to any contributions credited to the Participant’s Account after the date of Termination of Employment.”

	
2.

	
Section 3(b) of the Plan is hereby amended in its entirety to read as follows:

	  	
“(b)

	
A Participant’s Accounts shall be adjusted for Earnings as of December 31 of each calendar year or at least annually as of any date determined by the Committee in its sole discretion.”

 

  

  

  

 

IN WITNESS WHEREOF, this amendment has been executed October 4, 2012.

 

HENRY SCHEIN, INC.

 

	  	
By: /s/ Lorelei McGlynn

	  	
Title: Vice President, Global Human Resources &

	  	
            Financial Operations

 

 

2

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