Document:

First Supplemental Indenture dated May 8, 2003

EXHIBIT 4.2 
 

 
WMC FINANCE (USA) LIMITED 
A.B.N. 98 061 718 198 
 
Issuer 
 
AND 
 
WMC RESOURCES LTD 
A.B.N. 76 004 184 598 
 
AND 
 
WMC (OLYMPIC DAM CORPORATION) PTY LTD 
A.B.N. 99 007 835 761 
 
AND 
 
WMC FERTILIZERS PTY LTD 
A.B.N. 30 004 936 850

 
Guarantors 
 
First Supplemental 
 
Indenture 
 
Dated as of May 8, 2003 
 
(Supplemental to Indenture Dated as of May 8, 2003)

 
TO 
 
THE BANK OF NEW YORK 
 
Trustee 
 

 
US$500,000,000 5.125% Guaranteed Notes due 2013, and 
 
US$200,000,000 6.250% Guaranteed Notes due 2033 

FIRST SUPPLEMENTAL INDENTURE, dated as of May 8, 2003, among WMC FINANCE (USA) LIMITED
(A.B.N. 98 061 718 198), a corporation duly organized and existing under the laws of the Commonwealth of Australia (herein called the “Company”), as Issuer, having its principal office at 60 City Road, Southbank, Victoria, 3006, Australia,
WMC RESOURCES LTD (A.B.N. 76 004 184 598), a corporation duly organized and existing under the laws of the Commonwealth of Australia, as Parent Guarantor (herein called the “Parent Guarantor”), having its principal office at 60 City Road,
Southbank, Victoria, 3006, Australia, WMC (OLYMPIC DAM CORPORATION) PTY LTD (A.B.N. 99 007 835 761), a corporation duly organized and existing under the laws of the Commonwealth of Australia, as Subsidiary Guarantor, having its principal office at
60 City Road, Southbank, Victoria, 3006, Australia, WMC FERTILIZERS PTY LTD (A.B.N. 30 004 936 850), a corporation duly organized and existing under the laws of the Commonwealth of Australia, as Subsidiary Guarantor (and, together with the Parent
Guarantor and other Subsidiary Guarantor, the “Guarantors”), having its principal office at 60 City Road, Southbank, Victoria, 3006, Australia, and The Bank of New York, a New York banking corporation, as Trustee (herein called
“Trustee”). 
 
R E C I T A L S:

 
WHEREAS, the Company and the Parent Guarantor
have heretofore executed and delivered to the Trustee, an Indenture, dated as of May 8, 2003 (the “Existing Indenture”, and the Existing Indenture, as the same may be amended or supplemented from time to time, including by this First
Supplemental Indenture, the “Indenture”), providing for the issuance from time to time of the Company’s unsecured debentures, notes or other evidences of indebtedness (herein and therein called the “Securities”), to be
issued in one or more series as provided in the Indenture; 
 
WHEREAS, Section 901 of the Existing Indenture permits the Company, the Parent Guarantor and the Trustee to enter into an indenture supplemental to the Existing Indenture to provide for the issuance of and establish the form and
terms and conditions of any additional series of Securities as permitted by Sections 201 and 301 of the Existing Indenture; 
 
WHEREAS, pursuant to resolutions of the Board of Directors of the Company, the Company is authorized to issue up to US$700,000,000
aggregate principal amount of Securities in one or more series of Securities and the Company desires by this First Supplemental Indenture to create two series of Securities to be issuable under the Existing Indenture, as supplemented by this First
Supplemental Indenture, and to be known as the Company’s 5.125% Guaranteed Notes due 2013 (the “2013 Notes”) and the Company’s 6.250% Guaranteed Notes due 2033 (the “2033 Notes” and, together with the 2013 Notes, the
“Notes”); 

 
WHEREAS,
pursuant to resolutions of the Boards of Directors of the Guarantors, the Guarantors have authorized the issuance of the guarantees of the Notes as set forth herein (the “Guarantees”); 
 
WHEREAS, the Company and the Guarantors have duly authorized
the execution and delivery of this First Supplemental Indenture to establish the form and terms of the Notes and Guarantees; and 
 
WHEREAS, all things necessary to make this First Supplemental Indenture a valid agreement according to its terms have been done;

 
NOW, THEREFORE, THIS FIRST SUPPLEMENTAL
INDENTURE WITNESSETH: 
 
For and in consideration
of the premises and the issuance of the Notes provided for herein, it is mutually agreed, for the equal and proportionate benefit of all Holders of the Notes, as follows: 
 
ARTICLE ONE 
 
DEFINITIONS AND OTHER PROVISIONS 
OF GENERAL APPLICATION 
 
Section 1.1. Relation to Existing Indenture 
 
This First Supplemental Indenture constitutes an integral part of the Existing Indenture (the provisions of which, as modified by this First Supplemental Indenture, shall apply to the Notes) in respect
of the Notes but shall not modify, amend or otherwise affect the Existing Indenture insofar as it relates to any other series of Securities or affect in any manner the terms and conditions of the Securities of any other series. 
 
Section 1.2. Definitions 
 
For all purposes of this First Supplemental Indenture, the
capitalized terms used herein (i) which are defined in this Section 1.2 have the respective meanings assigned thereto in this Section 1.2, and (ii) which are defined in the Existing Indenture (and which are not defined in this Section 1.2) have the
respective meanings assigned thereto in the Existing Indenture. For all purposes of this First Supplemental Indenture: 
 
1.2.1 All references herein to Articles and Sections, unless otherwise specified, refer to the corresponding Articles and
Sections of this First Supplemental Indenture; 
 
1.2.2 The terms “hereof”, “herein”, “hereby”, “hereto”, “hereunder” and “herewith” refer to this First Supplemental Indenture; and 
 
1.2.3 The following terms, as used herein,
have the following meanings: 
 

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“Agent Member” means any member of, or participant in, the Depositary. 
 
“Agent Member Transferee” has the meaning specified in Section 2.7(b) hereof. 
 
“Agent Member Transferor” has the
meaning specified in Section 2.7(b) hereof. 
 
“Applicable Procedures” means with respect to any transfer or transaction involving a Global Note or beneficial interest therein, the rules and procedures of the Depositary, Euroclear and Clearstream for such Global Note,
in each case to the extent applicable to such transaction and as in effect from time to time. 
 
“Authorized Officer“ means any person (whether designated by name or the persons for the time being holding a
designated office) appointed by or pursuant to a Board Resolution for the purpose, or a particular purpose of the Existing Indenture or this First Supplemental Indenture, provided that written notice of such appointment shall have been given to the
Trustee. 
 
“Board of
Directors“ means either the board of directors of the Company or any Guarantor, as the case may be, or any duly authorized committee of that board. 
 
“Board Resolution“ when used with reference to the Company or any Guarantor means a copy of a resolution
certified by the Secretary or an Assistant Secretary of the Company or such Guarantor, as applicable, to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the
Trustee. 
 
“Broker-Dealer” shall mean any broker or dealer registered as such under the Exchange Act. 
 
“Closing Date” shall mean May 8, 2003. 
 
“Code” means the United States Internal Revenue Code of 1986, as amended and as in
effect on the date hereof. 
 
“Comparable Treasury Issue” has the meaning specified in the form of Note contained in Section 2.3. 
 
“Comparable Treasury Price” has the meaning specified in the form of Note contained in Section 2.3.

 
“Debt” means any
indebtedness of any Person for money borrowed, including any indebtedness evidenced by notes, bonds, debentures or other similar evidences of indebtedness, and any guarantee thereof. 
 
“DTC” or “Depositary” means The Depository Trust Company, its nominees
and their respective successors. 
 

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“Exchange 2013 Notes” means the notes issued pursuant to the Exchange Offer in respect of the 2013 Notes and their Successor Securities. 
 
“Exchange 2033 Notes” means the notes issued pursuant to the Exchange Offer in
respect of the 2033 Notes and their Successor Securities. 
 
“Exchange Notes” means the Exchange 2013 Notes and the Exchange 2033 Notes. 
 
“Exchange Offer” has the meaning specified in the Registration Rights Agreement. 
 
“Exchange Offer Registration
Statement” has the meaning specified in the Registration Rights Agreement. 
 
“Funded Indebtedness” means all Debt (including Debt incurred under any revolving credit, letter of credit or working capital facility in excess of A$25 million) that matures by its terms, or
that is renewable at the option of any obligor thereon to a date, more than one year after the date on which such Indebtedness is originally incurred. 
 
“Global Note” means any Note bearing the legend specified in Section 2.2 evidencing all or part of the Notes,
issued to the Depositary or its nominee and registered in the name of the Depositary. Global Notes shall include Restricted Global Notes, Regulation S Global Notes and Unrestricted Global Notes. 
 
“Guarantees” has the meaning
ascribed to it in the Recitals. 
 
“Guarantors” means the Parent Guarantor and the Subsidiary Guarantors. 
 
“Independent Investment Banker” has the meaning specified in the form of Note contained in Section 2.3.

 
“Initial Purchasers”
means Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. and the other Persons named in Schedule I to the Purchase Agreement. 
 
“Interest Payment Date” has the meaning specified in the form of Note contained in Section 2.2. 
 
“Notes” has the meaning ascribed to
it in the Recitals. 
 
“Original 2013 Notes” means all 2013 Notes other than Exchange 2013 Notes. 
 
“Original 2033 Notes” means all 2033 Notes other than Exchange 2033 Notes. 
 
“Original Notes” means the Original
2013 Notes and the Original 2033 Notes. 
 

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“Owner Transferee” has the meaning specified in Section 2.7(b) hereof. 
 
“Owner Transferor” has the meaning specified in Section 2.7 (b) hereof. 
 
“Parent Guarantor” means WMC
Resources Ltd. 
 
“Predecessor
Security“ of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered
under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 
“Primary Treasury Dealer” has the
meaning specified in the form of Note contained in Section 2.3. 
 
“Purchase Agreement” means the Purchase Agreement, dated as of May 5, 2003, among the Company, the Guarantors and the Initial Purchasers. 
 
“Qualified Institutional Buyer” or
“QIB” has the meaning specified in Rule 144A. 
 
“Redemption Price” has the meaning specified in the form of Note contained in Section 2.3. 
 
“Reference Treasury Dealer” has the meaning specified in the form of Note contained in Section 2.3.

 
“Reference Treasury Dealer
Quotations” has the meaning specified in the form of Note contained in Section 2.3. 
 
“Registered Notes” means the Exchange Notes and all other Notes sold or otherwise disposed of pursuant to an
effective registration statement under the Securities Act, together with their respective Successor Securities. 
 
“Registrable Notes” shall mean the Notes; provided, however, that a Note shall cease to be a Registrable
Note when (i) in the circumstances contemplated by Section 2.2 hereof, the Note has been exchanged for an Exchange Note in an Exchange Offer as contemplated therein; (ii) in the circumstances contemplated by Section 2.2 hereof, a Shelf Registration
Statement registering such Note under the Securities Act has been declared or becomes effective and such Note has been sold or otherwise transferred by the holder thereof pursuant to and in a manner contemplated by such effective Shelf Registration
Statement; (iii) such Note is sold pursuant to either Rule 144 or Regulation S under circumstances in which any legend borne by such Note relating to restrictions on transferability thereof, under the Securities Act or otherwise, is removed by the
Company or pursuant to the Indenture; (iv) such Note is eligible to be sold pursuant to paragraph (k) of Rule 144; or (v) such Note shall cease to be outstanding. 
 

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“Registration Default” has the meaning specified in the form of Note contained in Section 2.2. 
 
“Registration Default Period” has the meaning specified in the form of Note contained in Section 2.2.

 
“Registration Rights
Agreement” has the meaning specified in Section 2.2. 
 
“Regulation S” means Regulation S under the Securities Act. 
 
“Regulation S Global Note” has the meaning specified in Section 2.1 hereof. 
 
“Remaining Life” has the meaning
specified in the form of Note contained in Section 2.3. 
 
“Restricted Global Transferred Amount” has the meaning specified in Section 2.7(b) hereof. 
 
“Restricted Global Note” has the meaning specified in Section 2.1. 
 
“Restricted Holder Transferor” has
the meaning specified in Section 2.7(c) hereof. 
 
“Restricted Note” means all Notes required pursuant to Section 2.7 to bear any Restricted Securities Legend. Such term includes the Restricted Global Note. 
 
“Restricted Period” means the period of 40 consecutive days beginning on and
including the later of (i) the day on which the Original Notes are first offered to persons other than distributors (as defined in Regulation S) in reliance on Regulation S and (ii) the day on which the closing of the offering of the Original Notes
pursuant to the Purchase Agreement occurs. 
 
“Restricted Securities Legend” has the meaning specified in Section 2.7. 
 
“Rule 144A” means Rule 144A under the United States Securities Act (including any successor rule thereto), as
the same may be amended from time to time. 
 
“Securities” has the meaning ascribed to it in the Recitals. 
 
“Shelf Registration Statement” has the meaning specified in the form of Note contained in Section 2.2.

 
“Special Interest” has
the meaning specified in the form of Note contained in Section 2.2. 
 
“Special Interest Notice” has the meaning specified in Section 2.5. 
 
“Step-Up” has the meaning specified in the form of Note contained in Section 2.2. 
 

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“Subsidiary Guarantors” means WMC (Olympic Dam Corporation) Pty Ltd and WMC Fertilizers Pty Ltd. 
 
“Successor Security” of any particular Security means every Security issued after, and evidencing all or a
portion of the same debt as that evidenced by, such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen
Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 
“Transfer Restriction” has the meaning specified in Section 2.7(a) hereof. 
 
“Treasury Rate” has the meaning
specified in the form of Note contained in Section 2.3. 
 
“Unrestricted Global Note” has the meaning specified in Section 2.1 hereof. 
 
ARTICLE TWO 
 
GENERAL TERMS AND CONDITIONS OF THE NOTES 
 
Section 2.1. Forms of Notes Generally 
 
The Notes shall be in substantially the forms set forth in this Article with such appropriate insertions, omissions, substitutions and
other variations as are required or permitted by the Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities
exchange or Depositary thereof, the Code and regulations thereunder, or as may, consistently herewith, be determined by the officers executing such Notes, as evidenced by their execution thereof. The Trustee’s certificates of authorization
shall be in substantially the form set forth in Section 2.5. 
 
The definitive Notes shall be printed, lithographed or engraved or produced by any combination of these methods on steel engraved borders or may be produced in any other manner permitted by the rules of any securities exchange on
which the Notes may be listed, all as determined by the officers executing such Notes, as evidenced by their execution thereof. 
 
In certain cases described elsewhere herein, the legends set forth in the first five paragraphs of Section 2.2 may be omitted from Notes
issued hereunder. 
 
Upon their original issuance,
Notes offered and sold to Qualified Institutional Buyers in accordance with Rule 144A shall be issued in the form of one or more Global Notes in definitive, fully registered form without coupons, substantially in the form set forth in Sections 2.2
and 2.3, with the notation of guarantees in the form set forth in 

 

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Section 2.4 and with such applicable legends as provided herein (each, a “Restricted Global Note”). Such Restricted Global Notes
shall be registered in the name of the Depositary, or its nominee, and deposited with the Trustee, at its Corporate Trust Office, as custodian for the Depositary, duly executed by the Company, endorsed with the Guarantees by the Guarantors and
authenticated by the Trustee as hereinafter provided. The aggregate amount of any Restricted Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary, as provided
in Section 2.7 hereof. 
 
Upon their original
issuance, Notes offered and sold in reliance on Regulation S shall initially be issued in the form of one or more Global Notes in definitive, fully registered form without coupons, substantially in the form set forth in Sections 2.2 and 2.3, with
the notation of Guarantees in the form set forth in Section 2.4 and with such applicable legends as provided herein (each, a “Regulation S Global Note”). Such Regulation S Global Notes shall be registered in the name of the Depositary, or
its nominee, and deposited with the Trustee, at its Corporate Trustee Office, as custodian for the Depositary, duly executed by the Company, endorsed with the Guarantees by the Guarantors and authenticated by the Trustee as herein provided, for
credit by the Depositary to the respective accounts of beneficial owners of such Notes (or to such other accounts as they may direct) at Euroclear or Clearstream. After such time as the applicable Restricted Period shall have terminated, each such
Regulation S Global Note shall be referred to herein as an “Unrestricted Global Note”. The aggregate principal amount of any Regulation S Global Note or any Unrestricted Global Note may from time to time be increased or decreased by
adjustments made on the records of the Trustee, as custodian for the Depositary, as provided in Section 2.7 hereof. 
 
For all purposes of this First Supplemental Indenture, the term “Restricted Notes” shall include all Notes issued upon
registration or transfer of, in exchange for or in lieu of Restricted Notes except as otherwise provided in Section 2.7 hereof. 
 
Section 2.2. Form of Face of the Notes 
 
[INCLUDE IF NOTE IS A GLOBAL NOTE—THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO, AS SUPPLEMENTED BY THE FIRST SUPPLEMENTAL INDENTURE, AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE
IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AS SUPPLEMENTED BY THE FIRST SUPPLEMENTAL INDENTURE.] 
 
[INCLUDE IF NOTE IS A GLOBAL NOTE AND THE DEPOSITORY TRUST
COMPANY IS THE DEPOSITARY—UNLESS THIS CERTIFICATE IS 

 

8 

PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CEDE & CO. (AND ANY PAYMENT IS MADE TO CEDE
& CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN. 
 
THIS NOTE MAY NOT BE
EXCHANGEABLE IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN
THE INDENTURE, AS SUPPLEMENTED BY THE FIRST SUPPLEMENTAL INDENTURE.] 
 
[INCLUDE IF NOTE IS A RESTRICTED GLOBAL NOTE (UNLESS, PURSUANT TO SECTION 2.7 OF THE FIRST SUPPLEMENTAL INDENTURE, THE COMPANY DETERMINES AND CERTIFIES TO THE TRUSTEE THAT THE LEGEND MAY BE REMOVED) NEITHER THIS
GLOBAL NOTE NOR ANY BENEFICIAL INTEREST HEREIN HAS BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (1) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER OR BUYERS IN A TRANSACTION MEETING THE REQUIREMENTS
OF RULE 144A, (2) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (3) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (4)
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT (PROVIDED THAT AS A CONDITION TO REGISTRATION OR TRANSFER OF THIS GLOBAL NOTE OTHERWISE THAN AS SET FORTH ABOVE, WMC FINANCE (USA) LIMITED OR THE TRUSTEE MAY REQUIRE
DELIVERY OF ANY DOCUMENTS OR OTHER EVIDENCE THAT IT, IN ITS ABSOLUTE DISCRETION, DEEMS NECESSARY OR APPROPRIATE TO EVIDENCE COMPLIANCE WITH SUCH EXEMPTION), AND, IN EACH CASE, IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE
UNITED STATES AND OTHER JURISDICTIONS. 
 

9 

 
[INCLUDE IF
NOTE IS A REGULATION S GLOBAL NOTE (UNLESS, PURSUANT TO SECTION 2.7 OF THE FIRST SUPPLEMENTAL INDENTURE, THE COMPANY DETERMINES AND CERTIFIES TO THE TRUSTEE THAT THE LEGEND MAY BE REMOVED)—THIS NOTE HAS NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933 (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED, SOLD OR DELIVERED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON, UNLESS SUCH NOTES ARE REGISTERED UNDER THE SECURITIES ACT OR AN
EXEMPTION FROM THE REGISTRATION REQUIREMENTS THEREOF IS AVAILABLE. THE FOREGOING SHALL NOT APPLY FOLLOWING THE EXPIRATION OF FORTY DAYS FROM THE LATER OF (i) THE DATE ON WHICH THESE NOTES WERE FIRST OFFERED AND (ii) THE DATE OF ISSUANCE OF THESE
NOTES.] 
 
WMC FINANCE (USA) LIMITED 
A.B.N. 98 061 718 198 
 
[    ]% Guaranteed Notes Due [            ] 
 
[If Restricted Global Note—CUSIP Number
            ] 
[If Regulation S Global Note—CUSIP
Number            / ISIN Number 
            /Common Code Number             ] 
 

	 No.             
	 $             

 
WMC FINANCE (USA) LIMITED (A.B.N. 98 061 718 198), a
corporation duly organized and existing under the laws of the Commonwealth of Australia (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to, as supplemented by the First
Supplemental Indenture), for value received, hereby promises to pay to                    , or registered assigns, the principal sum of
                     Dollars [if the Note is a Global Note, then insert—, or such other principal amount (which, when taken together with
the principal amounts of all other Outstanding Notes shall initially equal [insert aggregate principal amount of series] in the aggregate, provided, however, that the Company may from time to time or at any time, without the consent of
the Holders of the Notes, issue additional securities with terms and conditions identical to those of the Notes, which additional securities shall increase the aggregate principal amount of, and shall be consolidated and form a single series with,
the Notes) as may be set forth in the records of the Trustee hereinafter referred to in accordance with the Indenture, as supplemented by the First Supplemental Indenture] on
                    , and to pay interest thereon from              or from the most
recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on              and             
in each year, commencing             , at the rate of     % per annum, to, but excluding, the date that the 
 

10 

 
principal hereof is paid or
made available for payment [if the Note is a Registrable Note, then insert—provided that if: (i)(A) if the Company has not filed the Exchange Offer Registration Statement with the Commission on or before
[            ], 2003, (B) in the event that the Shelf Registration Statement is required or requested to be filed with the Commission pursuant to the terms of the Registration Rights
Agreement, dated May 8, 2003, among the Company, the Parent Guarantor and the Representatives of the Initial Purchasers for the benefit of the Holders of the Notes (the “Registration Rights Agreement”), the Company has not filed the Shelf
Registration Statement with the Commission within 60 days after so required or requested, or (ii) the Exchange Offer Registration Statement has not become effective within 180 days of the date of original issuance of the Notes (or if such 180th day
is not a Business Day, the next succeeding Business Day), or (iii) any such Shelf Registration Statement has not become effective within 240 days of the date of original issuance of the Notes (or if such 240th day is not a Business Day, the next
succeeding Business Day), or (iv) the Exchange Offer has not been completed within 60 days after the initial effective date of the Exchange Offer Registration Statement (if the Exchange Offer is then required to be made), or (v) any Exchange Offer
Registration Statement or Shelf Registration Statement is filed, declared effective but shall thereafter either be withdrawn by the Company, become subject to an effective stop order issued pursuant to Section 8(d) of the Securities Act suspending
the effectiveness of such registration statement or otherwise cease to be available for resales of any Registrable Notes contemplated thereby (except as specifically permitted pursuant to the Registration Rights Agreement) without being succeeded
promptly by an additional registration statement filed, declared effective and made available for such purposes, in each case (i) through (v) (each a “Registration Default”) as required by the Registration Rights Agreement, then the per
annum interest rate borne by this Note shall increase by adding 0.25% thereto, as liquidated damages and not as a penalty, for the first 90 days from the first day on which such Registration Default occurs and by adding an additional 0.25% thereto
(for a maximum increase of 0.50% per annum) for the remaining period of such Registration Default to but not including the first day thereafter on which no Registration Default is continuing (such interest being referred to as the “Special
Interest”), all in accordance with the provisions of the Registration Rights Agreement, and in which case the Company shall provide notice to the Trustee of such increase in interest rate, and shall cause the Trustee to provide appropriate
notice thereof to the Holder of this Note]. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, as supplemented by the First Supplemental Indenture, be paid to the
Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the             
or              (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date [if the Note is a Registrable Note, then insert—provided
that any accrued and unpaid interest (including additional interest as a result of any Registration Default, if any (as defined herein)) on this Note upon the issuance of an Exchange Note in exchange for this Note shall cease to be payable to the
Holder hereof and shall be payable instead on the next Interest Payment Date for such Exchange Note to the Holder thereof on the related Regular Record Date]. Any such 

 

11 

interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may
either be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall
be given to Holders of the Notes of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes of this
series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture, as supplemented by the First Supplemental Indenture. 
 
Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 
In the event that an Interest Payment Date is not a Business
Day, the Company shall pay interest on the next day that is a Business Day, with the same force and effect as if made on the Interest Payment Date, and without any interest or other payment with respect to the delay. If the Stated Maturity or
earlier Redemption Date falls on a day that is not a Business Day, the payment of principal and interest, if any, need not be made on such date, but may be made on the next succeeding Business Day, with the same force and effect as if made on the
Stated Maturity or earlier Redemption Date, provided that no interest shall accrue for the period from and after such Stated Maturity or earlier Redemption Date solely by reason of such delay. 
 
Payment of the principal of (and premium, if any) and interest
on this Note will be made by check at the offices or agencies of the Company maintained for that purpose in New York and Luxembourg, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts [if applicable, insert — ; provided, however, that, except as provided below, at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as
such address shall appear in the Security Register and provided further that if a Holder of more than US$1.0 million in principal amount of Notes has given wire transfer instructions to the Parent Guarantor at least ten Business Days prior to
the applicable Interest Payment Date, the Company shall pay all principal and any premium and interest (including any Special Interest) on that Holder’s Notes in accordance with those instructions]; provided, however, that so long
as this Note is registered in the name of The Depository Trust Company or its nominee, all payments of principal, premium, if any, and interest will be made by the Company in immediately available funds, in accordance with the Applicable Procedures
of the Depositary. 
 
All payments of, or in
respect of, principal of and any premium and interest on this Note, shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature imposed or levied
by or on behalf of Australia or of the applicable jurisdiction of any successor Person pursuant to Article Eight of the Indenture, or any political subdivision 

 

12 

 
or taxing authority thereof or therein, unless such taxes, duties, assessments or governmental charges are required by Australia or such other jurisdiction
or any such subdivision or authority to be withheld or deducted. In that event, the Company will pay such Additional Amounts (as described in Section 1007 of the Indenture) as will result (after deduction of such taxes, duties, assessments or
governmental charges and any additional taxes, duties, assessments or governmental charges payable in respect of such payment) in the payment to the Holder of this Note of the amounts which would have been payable in respect of this Note had no such
withholding or deduction been required, subject to certain exceptions as set forth in Article Ten of the Indenture. 
  
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place. 
  
 Unless the
certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  
 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed by one of its Authorized Officers. 
  
 Dated:
                                         

  

	 WMC Finance (USA) Limited

		
	 By
	 	 
	 	 	

	 	 	 Name:
 Title:

  
 Section
2.3. Form of Reverse of the Notes 
  
 This
Security is one of a duly authorized issue of securities of the Company (herein called the “Notes”), issued under an Indenture, dated as of May 8, 2003 (herein called the “Indenture”, which term shall have the meaning assigned to
it in such instrument), among the Company, the Parent Guarantor and The Bank of New York, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), as supplemented by a First Supplemental
Indenture, dated as of May 8, 2003, (herein called the “First Supplemental Indenture”) among the Company, the Parent Guarantor, the Subsidiary Guarantors and the Trustee, and reference is hereby made to the Indenture, as supplemented by
the First Supplemental Indenture, for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Guarantors, the Trustee and the Holders of the Notes and of the terms upon which the Notes are,
and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof. The Company has appointed The Bank of New York at its corporate trust office in New York, New York as the paying agent (herein 

  

 13 

called the “Paying Agent”, which term includes any additional or successor Paying Agent appointed by the Company) with respect to
the Notes. 
 
This Note may be redeemed by the
Company in whole or in part, at its option at any time and from time to time at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Note to be redeemed and (ii) the sum of the present values of the Remaining Scheduled
Payments (as defined below) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the Treasury Rate (as defined below) plus
[            ] basis points, together with, in each case, accrued interest on the principal amount of the Note to be redeemed to the Redemption Date. In connection with such optional
redemption the following defined terms apply: 
 
“Comparable Treasury Issue” means the United States Treasury security or securities selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining terms of the Note to
be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Note. 
 
“Comparable Treasury Price” means,
with respect to any Redemption Date, (i) the average of the Reference Treasury Dealer Quotations for that Redemption Date after excluding the highest and lowest of such Reference Treasury Dealer Quotations or (ii) if the Independent Investment
Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer Quotations. 
 
“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company, after
first consulting with the Trustee, to act as the “Independent Investment Banker”. 
 
“Reference Treasury Dealer” means each of Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. or their
respective affiliates, plus three others to be selected by the Company, in each case, that is a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), and their respective successors; provided,
however, that if any of the foregoing or their affiliates shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer. 
 
“Reference Treasury Dealer Quotation” means, with respect to each Reference
Treasury Dealer and any Redemption Date, the average of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such
Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding that Redemption Date. 
 

14 

 
“Remaining Scheduled Payments” means, with respect to each Note to be redeemed, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related Redemption Date but for such
redemption; provided, however, that, if that Redemption Date is not an Interest Payment Date with respect to such Note, the amount of the next succeeding scheduled interest payment thereon shall be reduced by the amount of interest accrued
thereon to that Redemption Date. 
 
“Treasury
Rate” means, with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent yield to maturity or interpolation (on a day count basis), computed as of the third Business Day immediately preceding that Redemption
Date, of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 
 
Notice of any redemption will be mailed at least 30 days but
not more than 60 days before the Redemption Date to the registered address of each Holder of Notes to be redeemed. On and after any Redemption Date, interest will cease to accrue on this Note or any portion thereof called for redemption, unless the
Company shall default in the payment of the Redemption Price and any accrued interest. Prior to any Redemption Date, the Company shall deposit with a Paying Agent or the Trustee money sufficient to pay the Redemption Price of and any accrued
interest on the Notes to be redeemed on such date. If less than all the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustee in compliance with the requirements of any securities exchange on which the Notes may be
listed (which, to the extent not inconsistent with the requirements of any such securities exchange, shall be by such method as the Trustee shall deem fair and appropriate). 
 
The Redemption Price shall be calculated by the Independent Investment Banker and the Company, the Trustee
and any Paying Agent for the Note shall be entitled to conclusively rely on such calculation. 
 
In the event of redemption of this Note in part only, a new Note or Notes of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the
cancellation hereof. 
 
In addition to the
Company’s ability to redeem this Note pursuant to the foregoing, this Note may be redeemed by the Company on the terms set forth, and as more fully described in the Indenture, as supplemented by the First Supplemental Indenture, in certain
circumstances where the Company or any Guarantor would be required to pay Additional Amounts in respect hereof as a result of a change or amendment of any law, regulation or published tax ruling of Australia or of the applicable jurisdiction of any
successor Person pursuant to Article Eight of the Indenture, or any political subdivision or taxing authority thereof or therein, affecting taxation, or change in the official administration, interpretation or application thereof, in each case

 

15 

occurring after the issue date hereof (or the succession date of such successor Person) or which change in such official administration,
interpretation or application shall not have been available to the public prior to the issue date hereof (or the succession date of such successor Person), which change shall require the Company or such Guarantor to pay Additional Amounts.

 
The Indenture contains provisions for defeasance
at any time of the entire indebtedness of the series of which this Note is a part or certain restrictive covenants and Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture, as
supplemented by the First Supplemental Indenture. 
 
If an Event of Default with respect to Notes of this series shall occur and be continuing, the principal of the Notes of this series may be declared (or, in some circumstances, automatically become) due and payable in the manner and
with the effect provided in the Indenture, as supplemented by the First Supplemental Indenture. 
 
The Notes are entitled to the benefits of the covenants of the Company set forth in Article Ten of the Indenture. 
 
[If this Note is a Global Note, insert—This Note is a Global Note and shall be exchangeable for
Notes registered in the names of Persons other than the Depositary or its nominee only if (i) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for this Global Note or if at any time such Depositary ceases
to be a clearing agency registered as such under the Securities Exchange Act of 1934, as amended, at a time when such Depositary is required to be so registered in order to act as Depositary, and the Company fails to appoint a successor Depositary
under the Indenture, (ii) the Company executes and delivers to the Trustee a Company Order that the Global Note shall be so exchangeable, or (iii) there shall have occurred and be continuing an Event of Default with respect to the Notes. To the
extent that the Global Note is exchangeable pursuant to the preceding sentence, it shall be exchangeable for Notes registered in such names as the Depositary may direct.] 
 
Unless the context otherwise requires, the Original [insert series designation] Notes and the Exchange
[insert series designation] Notes (as defined in the Indenture, as supplemented by the First Supplemental Indenture) shall constitute one series for all purposes under the Indenture, including without limitation, amendments, waivers and
redemptions. 
 
The Indenture, as supplemented by
the First Supplemental Indenture, permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the Guarantors and the rights of the Holders of the Securities of
each series to be affected under the Indenture at any time by the Company, the Guarantors and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be 

 

16 

affected. The Indenture, as supplemented by the First Supplemental Indenture, also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by any or all of the Company or the Guarantors, with certain provisions of the
Indenture and the First Supplemental Indenture and certain past defaults under the Indenture and the First Supplemental Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such
Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 
 
As provided in and subject to the provisions of the Indenture,
as supplemented by the First Supplemental Indenture, the Holder of this Note shall not have the right to institute any proceeding with respect to the Indenture and the First Supplemental Indenture (including the Guarantees) or for the appointment of
a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Notes of this series, the Holders of not less than 25% in
principal amount of the Notes of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee indemnity reasonably satisfactory to
the Trustee, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes of this series at the time Outstanding a direction inconsistent with such request, and the Trustee shall have failed to institute any
such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement of any payment of principal hereof or any premium or
interest hereon on or after the respective due dates expressed herein. 
 
No reference herein to the Indenture or the First Supplemental Indenture and no provision of this Note or of the Indenture or the First Supplemental Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and any premium and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed. 
 
As provided in the Indenture and the First Supplemental Indenture and subject to certain limitations therein
set forth (including, without limitation, the restrictions on transfer under Section 2.7 of the First Supplemental Indenture), the transfer of this Note is registrable in the Security Register, upon surrender of this Note for registration of
transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and
the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount,
will be issued to the designated transferee or transferees. 
 

17 

 
The Notes of
this series are issuable only in registered form without coupons in denominations of $1,000 and any multiple thereof. As provided in the Indenture, as supplemented by the First Supplemental Indenture, and subject to certain limitations therein set
forth, Notes of this series are exchangeable for a like aggregate principal amount of Notes of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 
No service charge shall be made for any such registration of
transfer or exchange, but the Company or the Guarantor, as the case may be, may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 
Prior to due presentment of this Note for registration of
transfer, the Company, the Guarantors, the Trustee and any agent of the Company, the Guarantors, or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and
neither the Company, the Guarantors, the Trustee nor any such agent shall be affected by notice to the contrary. 
 
[If the Note is a Global Note, then insert—This Note is a Global Note and is subject to the provisions of the Indenture and
the First Supplemental Indenture relating to Global Notes, including the limitations in Section 2.7 of the First Supplemental Indenture on transfers and exchanges of Global Notes.] 
 
This Note and the Guarantees shall be governed by and construed in accordance with the law of the State of
New York in the United States, but without giving effect to the principles of conflicts of laws thereof. 
 
All terms used in this Note and the notation of the Guarantees set forth below which are defined in the Indenture shall have the meanings
assigned to them in the Indenture, as supplemented by the First Supplemental Indenture. 
 
Section 2.4. Form of Notation of Guarantee 
 
WMC RESOURCES LTD (A.B.N. 76 004 184 598), a corporation duly organized and existing under the laws of the Commonwealth of Australia (herein called the “Parent Guarantor”, which term include
any successor Person under the Indenture, as supplemented by the First Supplemental Indenture, (the “Indenture”) referred to in the Note on which this notation is endorsed) and WMC (OLYMPIC DAM CORPORATION) PTY LTD (A.B.N. 99 007 835 761),
a corporation duly organized and existing under the laws of the Commonwealth of Australia and WMC FERTILIZERS PTY LTD (A.B.N. 30 004 936 850), a corporation duly organized and existing under the laws of the Commonwealth of Australia (each herein
called a “Subsidiary Guarantor” and, together with the Parent Guarantor, the “Guarantors”), has unconditionally guaranteed, pursuant to the terms of the Guarantees contained in Article Fourteen of the Indenture and Article Three
of the First Supplemental Indenture, the due and punctual payment of the principal of and any premium and interest (including any Special Interest) 
 

18 

 
on this Note (and any
Additional Amounts payable in respect thereof), when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, in accordance with the terms of this Note and the
Indenture, as supplemented by the First Supplemental Indenture. 
 
All payments pursuant to the Guarantees shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature imposed or levied by or on
behalf of Australia or the jurisdiction of organization of any successor Guarantors or any political subdivision or taxing authority thereof or therein, unless such taxes, duties, assessments or governmental charges are required by Australia or such
other jurisdiction or any such subdivision or authority to be withheld or deducted. In that event, the relevant Guarantor will pay such Additional Amounts (as defined in the Indenture, as supplemented by the First Supplemental Indenture) as will
result (after deduction of such taxes, duties, assessments or governmental charges and any additional taxes, duties, assessments or governmental charges payable in respect of such payment) in the payment to each Holder of a Note of the amounts which
would have been payable in respect of the relevant Guarantee thereof had no such withholding or deduction been required, subject to certain exceptions as set forth in Article Ten of the Indenture. 
 
The obligations of the Guarantors to the Holders of the Notes
and to the Trustee pursuant to the Guarantees and the Indenture, as supplemented by the First Supplemental Indenture are expressly set forth in Article Fourteen of the Indenture and Article Three of the First Supplemental Indenture, and reference is
hereby made to such Articles and the First Supplemental Indenture for the precise terms of the Guarantee. 
 
The Guarantees shall not be valid or obligatory for any purpose until the certificate of authentication on the Note upon which this
notation of the Guarantees is endorsed shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized signatories. 
 

	 WMC RESOURCES LTD
	 	 	 	 WMC (OLYMPIC DAM CORPORATION) PTY LTD

	
	 By
	 	  

	 	 	 	 By
	 	  

	 	 	 Name:
 Title:
	 	 	 	 	 	 Name:
 Title:

 

	 WMC FERTILIZERS PTY LTD
	 	 	 	 
	
	 By
	 	  

	 	 	 	 	 	 
	 	 	 Name:
 Title:
	 	 	 	 	 	 

 

19 

 Section 2.5. Form of Trustee’s Certificate of Authentication of the Notes 
  
 The Trustee’s certificates of authentication shall be in substantially
the following form: 
  
 This is one of the Notes of the series
designated therein referred to in the within-mentioned Indenture. 
  
 Dated:  
  

	 THE BANK OF NEW YORK,

	 
	 By:
	 	As Trustee
	 	 	

	 	 	Authorized Signatory

  
 Section 2.6. Title
and Terms 
  
 (a) 2013 Notes. The 2013
Notes shall be issued in one series and shall be known and designated as the “5.125% Guaranteed Notes due 2013” of the Company. The aggregate principal amount of the 2013 Notes that may initially be authenticated and delivered under this
First Supplemental Indenture is limited to $500,000,000, except for 2013 Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other 2013 Notes pursuant to Section 304, 305, 306 or 906 of the Existing
Indenture or Article Two of this First Supplemental Indenture. The Company may, without the consent of the Holders of the 2013 Notes, issue additional notes having the same ranking, interest rate, Stated Maturity, CUSIP number and terms as to
status, redemption or otherwise as the 2013 Notes, in which event such notes, the Original 2013 Notes and the Exchange 2013 Notes shall constitute one series for all purposes under the Indenture, including without limitation, amendments, waivers and
redemptions. 
  
 The Stated Maturity of the 2013 Notes shall be
May 15, 2013, and they shall bear interest and have such other terms as are described in Sections 2.2 and 2.3 of this First Supplemental Indenture. The 2013 Notes shall have the benefit of a Guarantee under the terms set forth in Article Three
hereof. 
  
 The Company shall have no obligation to redeem or
purchase the 2013 Notes pursuant to any sinking fund or analogous provision, or at the option of a Holder thereof. The 2013 Notes shall be redeemable at the election of the Company, as a whole or from time to time in part at the times and at the
prices specified in the form of Note set forth in Section 2.3 of this First Supplemental Indenture. 
  

 20 

 
The 2013 Notes
shall be subject to the defeasance and discharge provisions of Section 1302 of the Existing Indenture and the defeasance of certain obligations and certain events of default provisions of Section 1303 of the Existing Indenture. 
 
Upon their original issuance, the 2013 Notes offered and sold
in accordance with Rule 144A shall be issued in the form of one or more Global Notes, as provided in this First Supplemental Indenture, registered in the name of The Depository Trust Company, as Depositary, or its nominee and deposited with the
Trustee, as custodian for The Depository Trust Company, for credit by The Depository Trust Company to the respective accounts of beneficial owners of the 2013 Notes represented thereby (or such other accounts as they may direct). The Global Notes
shall bear the legends provided for in the form of Note contained in Section 2.2 of this First Supplemental Indenture and may be exchanged in whole or in part for 2013 Notes registered, and transfers of Global Notes in whole or in part may be
registered, in the name or names of Persons other than the Depositary only as set forth herein and in the Indenture. 
 
The 2013 Notes shall have the benefit of the covenants set forth in Article Ten of the Existing Indenture. 
 
Unless the context otherwise requires, the Original 2013 Notes
and the Exchange 2013 Notes shall constitute one series for all purposes under the Indenture, including without limitation, amendments, waivers and redemptions. 
 
The 2013 Notes shall be issuable only in registered form without coupons and only in denominations of $1,000
and integral multiples thereof. 
 
The 2013 Notes
shall be executed, authenticated, delivered and dated in accordance with Section 303 of the Existing Indenture. 
 
(b) 2033 Notes. The 2033 Notes shall be issued in one series and shall be known and designated as the
“6.250% Guaranteed Notes due 2033” of the Company. The aggregate principal amount of the 2033 Notes that may initially be authenticated and delivered under this First Supplemental Indenture is limited to $200,000,000, except for 2033 Notes
authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other 2033 Notes pursuant to Section 304, 305, 306 or 906 of the Existing Indenture or Article Two of this First Supplemental Indenture. The Company
may, without the consent of the Holders of the 2033 Notes, issue additional notes having the same ranking, interest rate, Stated Maturity, CUSIP number and terms as to status, redemption or otherwise as the 2033 Notes, in which event such notes, the
Original 2033 Notes and the Exchange 2033 Notes shall constitute one series for all purposes under the Indenture, including without limitation, amendments, waivers and redemptions. 
 
The Stated Maturity of the 2033 Notes shall be May 15, 2033, and they shall bear interest and have such other
terms as are described in Sections 2.2 and 2.3 of this First 

 

21 

Supplemental Indenture. The 2033 Notes shall have the benefit of a Guarantee under the terms set forth in Article Three hereof. 
 
The Company shall have no obligation to redeem or purchase the
2033 Notes pursuant to any sinking fund or analogous provision, or at the option of a Holder thereof. The 2033 Notes shall be redeemable at the election of the Company, as a whole or from time to time in part at the times and at the prices specified
in the form of Note set forth in Section 2.3 of this First Supplemental Indenture. 
 
The 2033 Notes shall be subject to the defeasance and discharge provisions of Section 1302 of the Existing Indenture and the defeasance of certain obligations and certain events of default provisions
of Section 1303 of the Existing Indenture. 
 
Upon
their original issuance, the 2033 Notes offered and sold in accordance with Rule 144A shall be issued in the form of one or more Global Notes, as provided in this First Supplemental Indenture, registered in the name of The Depository Trust Company,
as Depositary, or its nominee and deposited with the Trustee, as custodian for The Depository Trust Company, for credit by The Depository Trust Company to the respective accounts of beneficial owners of the 2033 Notes represented thereby (or such
other accounts as they may direct). The Global Notes shall bear the legends provided for in the form of Note contained in Section 2.2 of this First Supplemental Indenture and may be exchanged in whole or in part for 2033 Notes registered, and
transfers of Global Notes in whole or in part may be registered, in the name or names of Persons other than the Depositary only as set forth herein and in the Indenture. 
 
The 2033 Notes shall have the benefit of the covenants set forth in Article Ten of the Existing Indenture.

 
Unless the context otherwise requires, the
Original 2033 Notes and the Exchange 2033 Notes shall constitute one series for all purposes under the Indenture, including without limitation, amendments, waivers and redemptions. 
 
The 2033 Notes shall be issuable only in registered form without coupons and only in denominations of $1,000
and integral multiples thereof. 
 
The 2033 Notes
shall be executed, authenticated, delivered and dated in accordance with Section 303 of the Existing Indenture. 
 
Section 2.7. Restricted Securities; Transfers and Exchanges 
 
(a) Restricted Notes. Restricted Notes shall be subject to the restrictions on transfer (the “Transfer Restrictions”)
provided in the applicable legend(s) (the “Restrictive Legends”) required to be set forth on the face of each Restricted Note pursuant to Section 2.2, unless compliance with the Transfer Restrictions shall be waived by the Company in
writing delivered to the Trustee. 
 

22 

 
The Transfer
Restrictions shall cease and terminate with respect to any particular Restricted Note upon receipt by the Company of evidence satisfactory to it (which may include an opinion of independent counsel experienced in matters of United States federal
securities law) that, as of the date of determination, such Restricted Note (a) has been transferred by the Holder thereof pursuant to Rule 144 promulgated under the Securities Act, (b) has been sold pursuant to an effective registration statement
under the Securities Act, or (c) has been transferred in a transaction satisfying all the requirements of Rule 903 or 904 (as applicable) of Regulation S, and receipt by the Trustee of an Officer’s Certificate certifying that the Company has
received such evidence. All references in the preceding sentence to any regulation, rule or provision thereof shall be deemed also to refer to any successor provisions thereof. In addition, the Company may terminate the Transfer Restrictions with
respect to any particular Restricted Note in such other circumstances as it determines are appropriate for this purpose and shall deliver to the Trustee an Officer’s Certificate certifying that the Transfer Restrictions have ceased and
terminated with respect to such Note. 
 
At the
request of the Holder and upon the surrender of such Restricted Notes to the Trustee or Security Registrar for exchange in accordance with the provisions of this Section 2.7, any Restricted Note as to which the Transfer Restrictions shall have
terminated in accordance with the preceding paragraph shall be exchanged for a new Note of like aggregate principal amount, but without the Restrictive Legends. Any Restricted Note as to which the Restrictive Legends shall have been removed pursuant
to this paragraph (and any Note issued upon registration of transfer of, exchange for or in lieu of such Restricted Note) shall thereupon cease to be a “Restricted Note” for all purposes of this First Supplemental Indenture. 
 
The Company shall notify the Trustee in writing of the
effective date of any registration statement registering any Restricted Notes under the Securities Act and shall ensure that any opinion of counsel received by it in connection with the removal of any Restrictive Legend is also addressed to the
Trustee. The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith and without negligence on its part in accordance with such notice or any opinion of counsel. 
 
As used in this Section 2.7(a), the term “transfer”
encompasses any sale, pledge, transfer or other disposition of any Notes referred to herein. 
 
(b) Transfers Between Global Notes 
 
(i) Restricted Global Note to Regulation S Global Note. If the owner of a beneficial interest (an “Owner
Transferor”) in a Restricted Global Note wishes at any time to transfer such beneficial interest to a Person (an “Owner Transferee”) who wishes to take delivery thereof in the form of a beneficial interest in a Regulation S Global
Note, such transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this Section 2.7 (b)(i). Upon receipt by the Trustee, as Security Registrar, at the 

 

23 

Corporate Trust Office of (l) written instructions given in accordance with the Applicable Procedures from the Agent Member, whose account is
to be debited (an “Agent Member Transferor”) with respect to the Restricted Global Note, directing the Trustee, as Security Registrar, to credit or cause to be credited to a specified account of another Agent Member (an “Agent Member
Transferee”) (which shall be an account with Euroclear or Clearstream or both) a beneficial interest in a Regulation S Global Note in a principal amount equal to the beneficial interest in the Restricted Global Note to be so transferred (the
“Restricted Global Transferred Amount”), (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the Agent Member
Transferor to be debited by, the Restricted Global Transferred Amount, and (3) a certificate in substantially the form set forth in Annex A given by the Owner Transferor, the Trustee, as Security Registrar, shall instruct the Depositary to reduce
the principal amount of the Restricted Global Note, and to increase the principal amount of the Regulation S Global Note, by the Restricted Global Transferred Amount, and to credit, or cause to be credited to, the account of the Agent Member
Transferee a beneficial interest in the Regulation S Global Note, and to debit, or cause to be debited to, the account of the Agent Member Transferor a beneficial interest in the Restricted Global Note, in each case having a principal amount equal
to the Restricted Global Transferred Amount. 
 
(ii) Restricted Global Note to Unrestricted Global Note. If an Owner Transferor wishes at any time to transfer a beneficial interest in a Restricted Global Note to an Owner Transferee who wishes to take delivery thereof in the
form of a beneficial interest in an Unrestricted Global Note, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 2.7(b)(ii). Upon receipt by the Trustee, as Security Registrar, at the Corporate
Trust Office of (l) written instructions given in accordance with the Applicable Procedures from the Agent Member Transferor directing the Trustee, as Security Registrar, to credit or cause to be credited to a specified account of an Agent Member
Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the Unrestricted Global Note in a principal amount equal to the Restricted Global Transferred Amount, (2) a written order given in accordance
with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, and (3) a
certificate in substantially the form set forth in Annex B given by the Owner Transferor, the Trustee, as Security Registrar, shall instruct the Depositary to reduce the principal amount of the Restricted Global Note, and to increase the principal
amount of the Unrestricted Global Note, by the Restricted Global Transferred Amount, and to credit, or cause to be credited to, the account of the Agent Member Transferee a beneficial interest in the Unrestricted Global Note, and to debit, or cause
to be debited to, the 

 

24 

account of the Agent Member Transferor a beneficial interest in the Restricted Global Note, in each case having a principal amount equal to
the Restricted Global Transferred Amount. 
 
(iii) Regulation S Global Note or Unrestricted Global Note to Restricted Global Note. If an Owner Transferor wishes at any time to transfer a beneficial interest in a Regulation S Global Note or an Unrestricted Global Note to
an Owner Transferee who wishes to take delivery thereof in the form of a beneficial interest in a Restricted Global Note, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 2.7(b)(iii). Upon
receipt by the Trustee, as Security Registrar, at the Corporate Trust Office of (1) written instructions given in accordance with the Applicable Procedures from the Agent Member Transferor, directing the Trustee, as Security Registrar, to credit, or
cause to be credited to, a specified account of an Agent Member Transferee a beneficial interest in the Restricted Global Note in a principal amount equal to that of the beneficial interest in the Regulation S Global Note or Unrestricted Global Note
to be so transferred, (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor (which, in
the case of beneficial interest in the Regulation S Global Note, must be an account with Euroclear or Clearstream or both) to be debited for, such beneficial interest, and (3) with respect to a transfer of a beneficial interest in the Regulation S
Global Note (but not the Unrestricted Global Note), a certificate in substantially the form set forth in Annex C given by the Owner Transferor, the Trustee, as Security Registrar, shall instruct the Depositary to reduce the principal amount of the
Regulation S Global Note or Unrestricted Global Note, as the case may be, and increase the principal amount of the Restricted Global Note, by the principal amount of the beneficial interest in the Regulation S Global Note or Unrestricted Global Note
to be so transferred, and to credit, or cause to be credited to, the account of the Agent Member Transferee such beneficial interest in the Restricted Global Note, and to debit, or cause to be debited to, the account of the Agent Member Transferor
such beneficial interest in the Regulation S Global Note or Unrestricted Global Note, as the case may be. 
 
(c) In case of any transfer or exchange the procedures and requirements for which are not addressed in detail in this Section 2.7, such
transfer or exchange will be subject to such procedures and requirements as may be reasonably prescribed by the Company and the Trustee from time to time and, in the case of a transfer or exchange involving a Global Note, the Applicable Procedures.

 
(d) Notwithstanding the foregoing, during the
period of two years after the Closing Date, the Company and Parent Guarantor shall not, and shall not permit any of their Affiliates that are Subsidiaries, to purchase or agree to purchase or otherwise acquire any Restricted Notes, whether as
beneficial owner or otherwise (except as agent 

 

25 

on behalf of and for the account of customers in the ordinary course of business as a securities broker in unsolicited broker’s
transactions) unless, immediately upon any such purchase, the Company and Parent Guarantor or any such Affiliate shall submit such Restricted Notes to the Trustee for cancellation. The Company and Parent Guarantor further agree to ask their
Affiliates that are not Subsidiaries to agree not to purchase or otherwise acquire any Restricted Notes, whether as beneficial owner or otherwise, except as permitted in the preceding sentence. 
 
(e) Notwithstanding the foregoing provisions of this Section
2.7, a Successor Security of a Note that does not bear a Restricted Securities Legend shall not bear such legend unless the Company has reasonable cause to believe that such Successor Security is a “restricted security” within the meaning
of Rule 144 under the Securities Act, in which case the Trustee, at the written direction of the Company, shall authenticate and deliver the Successor Security bearing a Restricted Securities Legend as provided in this Indenture. 
 
ARTICLE THREE 
 
GUARANTEE OF NOTES 
 
Section 3.1. Guarantees 
 
The Guarantors hereby unconditionally guarantee to each
Holder of a Note of the series known as the Company’s 5.125% Guaranteed Notes due 2013 (the “2013 Notes”) and the Company’s 6.250% Guaranteed Notes due 2033 (the “2033 Notes” and, together with the 2013 Notes, the
“Notes”), authenticated and delivered by the Trustee, jointly and severally the due and punctual payment of the principal (including any amount due in respect of original issue discount) of and any premium and interest (including any
Special Interest) on such Note (and any Additional Amounts payable in respect thereof), when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, in
accordance with the terms of such Note and of the Indenture. Each Guarantor hereby agrees that its obligations hereunder shall be as if it were a principal debtor and not merely a surety, and shall be absolute and unconditional, irrespective of, and
shall be unaffected by, any invalidity, irregularity or unenforceability of the Notes or the Indenture, any failure to enforce the provisions of the Notes or the Indenture, any waiver, modification or indulgence granted to the Company with respect
thereto, by the Holder of the Notes or the Trustee, or any other circumstances which may otherwise constitute a legal or equitable discharge of a surety or guarantor; provided, however, that, notwithstanding the foregoing, no such
waiver, modification or indulgence shall, without the consent of each Guarantor, increase the principal amount of the Notes or the interest rate thereon or increase any premium payable upon redemption thereof. Each Guarantor hereby waives diligence,
presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Company, any right to require a proceeding first against the Company, the benefit of 

 

26 

discussion, protest or notice with respect to the Note or the indebtedness evidenced thereby and all demands whatsoever, and covenants that
its Guarantee will not be discharged with respect to any Note except by payment in full of the principal thereof and any premium and interest (including any Special Interest) thereon (and any Additional Amounts in respect thereof) or as provided in
Article Four, Section 802 or Article Thirteen of the Existing Indenture and Section 3.3 of this First Supplemental Indenture. Each Guarantor further agrees that, as between such Guarantor, on the one hand, and the Holders and the Trustee, on the
other hand, the Maturity of the obligations guaranteed hereby may be accelerated as provided in Article Five of the Existing Indenture for the purposes of its Guarantee, notwithstanding any stay, injunction or other prohibition preventing such
acceleration in respect of the obligations guaranteed hereby. 
 
Each Guarantor shall be subrogated to all rights of each Holder of the Notes against the Company in respect of any amounts paid to such Holder by such Guarantor pursuant to the provisions of its Guarantee; provided,
however, that such Guarantor shall not be entitled to enforce, or to receive any payments arising out of or based upon, such right of subrogation until the principal of and any premium and interest (including any Special Interest) on all the
Notes of the same series and of like tenor (and any Additional Amounts payable in respect thereof) shall have been paid in full. 
 
No past, present or future stockholder, officer, director, employee or incorporator of any of the Guarantors shall have any personal
liability under the Guarantees set forth in this Section 3.1 by reason of his or its status as such stockholder, officer, director, employee or incorporator. 
 
The Guarantees set forth in this Section 3.1 shall not be valid or become obligatory for any purpose with respect to a Note until the
certificate of authentication on such Note shall have been signed by or on behalf of the Trustee. 
 
Section 3.2. Execution of Guarantees 
 
To evidence its guarantee to the Holders specified in Section 3.1, each Guarantor hereby agrees to execute the notation of the Guarantee
in substantially the form set forth in Section 2.4 to be endorsed on each Note of each series authenticated and delivered by the Trustee. Each Guarantor hereby agrees that its Guarantee set forth in Section 3.1 shall remain in full force and effect
notwithstanding any failure to endorse on each Note of each series a notation of such Guarantee. Each such notation of the Guarantee shall be signed on behalf of the relevant Guarantor, by any Authorized Officer, prior to the authentication of the
Note on which it is endorsed, and the delivery of such Note by the Trustee, after the due authentication thereof by the Trustee hereunder, shall constitute due delivery of the Guarantee on behalf of such Guarantor. Such signatures upon the notation
of the Guarantee may be manual or facsimile signatures of any present, past or future such Authorized Officers and may be imprinted or otherwise reproduced below the notation of the Guarantee, and in case any such Authorized Officer who shall have
signed the notation of the Guarantee shall cease to be such Authorized Officer before the Note 

 

27 

on which such notation is endorsed shall have been authenticated and delivered by the Trustee or disposed of by the Company, such Note
nevertheless may be authenticated and delivered or disposed of as though the person who signed the notation of the Guarantee had not ceased to be such Authorized Officer of the Guarantor. 
 
Section 3.3. Release of Subsidiary Guarantees 
 
A Guarantee to the Holders specified in Section 3.1 issued by
any Subsidiary Guarantor will be automatically and unconditionally released and discharged (i) upon any sale, exchange or transfer, to any Person not a Subsidiary of the Parent Guarantor, of all of the Parent Guarantor’s ordinary shares in, or
all or substantially all the assets of, such Subsidiary Guarantor (which sale, exchange or transfer is not prohibited by the Indenture), (ii) upon such Subsidiary Guarantor’s ceasing to be a Restricted Subsidiary, in accordance with the terms
of the Indenture or (iii) if at any time any such Subsidiary Guarantor shall no longer be a guarantor of (or co-obligor on) any Funded Indebtedness of the Parent Guarantor other than each series of Notes and other than Funded Indebtedness of the
Parent Guarantor (a) subject to a release provision substantially similar to this Section 3.3 and (b) the related guarantee (or obligation) of which will be released substantially concurrently with the release of the Guarantee of such Subsidiary
Guarantor pursuant to this Section 3.3 (but only for so long as such Subsidiary Guarantor is not so required to be a guarantor; upon any subsequent requirement that such Subsidiary Guarantor become a guarantor of any Funded Indebtedness, such
Subsidiary Guarantor shall immediately provide a Guarantee pursuant to Section 3.4 hereof). Such Subsidiary Guarantor, upon giving notice to the Trustee to the foregoing effect, shall be deemed to be released from all of its obligations under the
Existing Indenture and this First Supplemental Indenture and the Guarantee of such Subsidiary Guarantor shall be of no further force or effect. Following the receipt by the Trustee of any such notice, the Company shall cause the Indenture to be
amended as provided in Section 9.01 thereof; provided, however, that the failure to so amend the Indenture shall not affect the validity of the termination of the Guarantee of such Subsidiary Guarantor. 
 
Section 3.4. Guarantees by Subsidiary Guarantors

 
For so long as any Notes remain
Outstanding, each Subsidiary Guarantor that has executed this Supplemental Indenture and provided a Guarantee to the Holders specified in Section 3.1, which Guarantee has been released pursuant to Section 3.3, must execute and deliver a supplemental
indenture to the Indenture, substantially in the form of Article Three, providing for a Guarantee by such Subsidiary Guarantor and a notation of such Guarantee substantially in the form of Section 2.4, within 30 days of such Subsidiary Guarantor
becoming a guarantor or co-obligor of any Funded Indebtedness of the Parent Guarantor. 
 

28 

 
ARTICLE FOUR

 
MISCELLANEOUS 
 
Section 4.1. Agreements of the Subsidiary Guarantors

 
4.1.1 For purposes of the Notes issued
under this First Supplemental Indenture, each Subsidiary Guarantor hereby undertakes to comply with the requirements of Article Ten of the Existing Indenture to the same extent as would be required if each reference in such Article Ten to
“Guarantor” constituted a reference to such Subsidiary Guarantor until such time as such Subsidiary Guarantor’s obligations under this First Supplemental Indenture have been released pursuant to Section 3.3 hereof and not reinstated
pursuant to Section 3.4 hereof. 
 
4.1.2 For
purposes of the Notes issued under this First Supplemental Indenture, Section 501 of the Existing Indenture shall be hereby amended so that references therein to the “Guarantor” shall be deemed also to refer to each Subsidiary Guarantor
until such time as such Subsidiary Guarantor’s obligations under this First Supplemental Indenture have been released pursuant to Section 3.3 hereof and not reinstated pursuant to Section 3.4 hereof. 
 
Section 4.2. Conditions Precedent 
 
The effectiveness of this First Supplemental Indenture is
conditioned upon the receipt by the Trustee of the items specified in Section 903 of the Existing Indenture. 
 
Section 4.3. Relationship to Existing Indenture 
 
The First Supplemental Indenture is a supplemental indenture within the meaning of the Existing Indenture. The Existing Indenture, as
supplemented and amended by this First Supplemental Indenture is in all respects ratified, confirmed and approved and, with respect to the Notes, the Existing Indenture, as supplemented and amended by this First Supplemental Indenture, shall be
read, taken and construed as one and the same instrument. 
 
Section 4.4. Modification of the Existing Indenture 
 
Except as expressly modified by this First Supplemental Indenture, the provisions of the Existing Indenture shall govern the terms and conditions of the Notes. 
 

29 

 
Section 4.5.
Notices, Etc., to the Subsidiary Guarantors. 
 
Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by the Indenture to be made upon, given or furnished to, or filed with a Subsidiary Guarantor
by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to such Subsidiary Guarantor addressed to it at the address of its
principal office specified in the first paragraph of this First Supplemental Indenture or at any other address previously furnished in writing to the Trustee. 
 
Section 4.6. Governing Law 
 
This instrument, including the Guarantees, shall be governed by and construed in accordance with the laws of the State of New York in the
United States, but without giving effect to the principles of conflicts of laws thereof. 
 
Section 4.7. Counterparts 
 
This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same
instrument. 
 
Section 4.8.
Trustee Not Responsible for Recitals or Issuance of Securities 
 
The recitals contained herein shall be taken as the statements of the Company and the Guarantors, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations
as to the validity or sufficiency of this First Supplemental Indenture. 
 
Section 4.9. Submission to Jurisdiction; Appointment of Agent for Service of Process. 
 
Each of the Company and each Guarantor hereby appoints Corporation Service Company acting through its office at 111 Eighth Avenue, New
York, New York in the United States as its authorized agent (the “Authorized Agent”) upon which process may be served in any legal action or proceeding against it with respect to its obligations under this First Supplemental Indenture, the
Notes or any Guarantee of the Notes, as the case may be, instituted in any United States federal or state court in the Borough of Manhattan, The City of New York by the Holder of any Note and agrees that service of process upon such Authorized
Agent, together with written notice of said service to the Company or the relevant Guarantor, as the case may be, by the person serving the same addressed to its principal office specified in the first paragraph of this First Supplemental Indenture
or at any other address previously furnished in writing to the Trustee, shall be deemed in every respect effective service of process upon the Company or the relevant Guarantor, as the case may be, in any such legal action or proceeding, and each of
the 

 

30 

Company and each Guarantor hereby irrevocably submits to the non-exclusive jurisdiction of any such court in respect of any such legal action
or proceeding, and waives any objection which it may now or hereafter have to the laying of venue of any such proceeding. Such appointment shall be irrevocable until all amounts in respect of the principal of and any premium and interest due and to
become due on or in respect of all the Securities issued under this Indenture have been paid by the Company or the Guarantors, as the case may be, to the Trustee pursuant to the terms hereof, the Securities and the Guarantees. Notwithstanding the
foregoing, the Company and the Guarantors reserve the right to appoint another person located or with an office in the Borough of Manhattan, The City of New York, selected in their discretion, as a successor Authorized Agent, and upon acceptance of
such appointment by such a successor the appointment of the prior Authorized Agent shall terminate. If for any reason Corporation Service Company ceases to be able to act as the Authorized Agent or to have an address in the Borough of Manhattan, The
City of New York, the Company and the Guarantors will appoint a successor Authorized Agent in accordance with the preceding sentence. Each of the Company and each Guarantor further agrees to take any and all action, including the filing of any and
all documents and instruments as may be necessary to continue such designation and appointment of such agent in full force and effect until this First Supplemental Indenture has been satisfied and discharged in accordance with Article Four or
Article Thirteen of the Existing Indenture. Service of process upon the Authorized Agent addressed to it at the address set forth above, as such address may be changed within the Borough of Manhattan, The City of New York by notice given by the
Authorized Agent to the Trustee, together with written notice of such service mailed or delivered to the Company and the Guarantors shall be deemed, in every respect, effective service of process on the Company and the Guarantors, respectively.

 

31 

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

	 WMC FINANCE (USA) LIMITED.

	
	 By:
	 	 /s/    Bruce R. Brook

	 	 	 Name:
	 	   Bruce R. Brook

	 	 	 Title:
	 	 Chief Financial Officer

	
	 WMC RESOURCES LTD.

	
	 By:
	 	 /s/    Bruce R. Brook

	 	 	 Name:
	 	   Bruce R. Brook

	 	 	 Title:
	 	 Chief Financial Officer

	
	 WMC (OLYMPIC DAM CORPORATION)
 PTY LTD

	
	 By:
	 	 /s/    Bruce R. Brook

	 	 	 Name:
	 	   Bruce R. Brook

	 	 	 Title:
	 	 Chief Financial Officer

	
	 WMC FERTILIZERS PTY LTD

	
	 By:
	 	 /s/    Bruce R. Brook

	 	 	 Name:
	 	   Bruce R. Brook

	 	 	 Title:
	 	 Chief Financial Officer

	 THE BANK OF NEW YORK,

	             as Trustee

		
	 By:
	 	/s/    Vanessa Loh
	 	 	

	 	 	 Name: Vanessa Loh

	 	 	 Title:   Assistant Vice President

Annex A 
 
FORM OF TRANSFER CERTIFICATE 
FOR TRANSFER FROM RESTRICTED GLOBAL 
NOTE TO
REGULATION S GLOBAL NOTE 
(Transfers pursuant to § 2.7(b)(i) 
of the Supplemental Indenture) 
 
The Bank of New York, 
  as Trustee

 
Re:
[        ]% Guaranteed Notes due [        ] of  
WMC Finance (USA) Limited (the “Notes”) 
 
Reference is hereby made to the First Supplemental Indenture, dated May 8, 2003 (the “Supplemental Indenture”), among WMC Finance (USA) Limited, WMC Resources Ltd, WMC (Olympic Dam Corporation) Pty Ltd, WMC
Fertilizers Pty Ltd and The Bank of New York, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Supplemental Indenture. 
 
This letter relates to
$                     principal amount of Notes which are evidenced by one or more Restricted Global Notes (CUSIP No.
[            ]) and held with the Depositary in the name of [INSERT NAME OF TRANSFEROR] (the “Transferor”). The Transferor has requested a transfer of such beneficial interest in
the Notes to a person who will take delivery thereof in the form of an equal principal amount of Notes evidenced by one or more Regulation S Global Notes (CUSIP No. [            ]), which
amount, immediately after such transfer, is to be held with the Depositary through Euroclear or Clearstream or both (Common Code: [            ]; ISIN:
[            ]). 
 
In connection with such request and in respect of such Notes, the Transferor does hereby certify that such transfer has been effected pursuant to and in accordance with Rule 903 or Rule 904 (as
applicable) or Rule 144 under the United States Securities Act of 1933, as amended (the “Securities Act”), and accordingly the Transferor does hereby further certify that: 
 

	 	1.	 	If the transfer is being effected pursuant to Rule 903 and Rule 904: 

 

	 	a.	 	the offer of the Notes was not made to a person in the United States; 

 

	 	b.	 	either: 

 

A-1 

 

	 	i.	 	at the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed that
the transferee was outside the United States, or 

 

	 	ii.	 	the transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person acting on its
behalf knows that the transaction was pre-arranged with a buyer in the United States; 

 

	 	c.	 	no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulations S, as applicable; 

 

	 	d.	 	the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and 

 

	 	e.	 	upon completion of the transaction, the beneficial interest being transferred as described above is to be held with the Depositary through Euroclear or Clearstream
or both. 

 

	 	2.	 	If the transfer is being effected pursuant to Rule 144, the Notes are being transferred in a transaction permitted by Rule 144. 

 
This certificate and the statements contained herein are made
for your benefit and the benefit of the Company and the underwriters or initial purchasers, if any, of the initial offering of such Notes being transferred. Terms used in this certificate and not otherwise defined in the Supplemental Indenture have
the meanings set forth in Regulation S or Rule 144 under the Securities Act. 
 
[Insert Name of Transferor] 
 

	
	 By:
	 	  

	 	 	 Name:
 Title:

 
Date:                  
 
cc: WMC Finance (USA) Limited 
 

A-2 

Annex B 
 
FORM OF TRANSFER CERTIFICATE 
FOR TRANSFER FROM RESTRICTED GLOBAL 
NOTE TO
UNRESTRICTED GLOBAL NOTE 
(Transfers Pursuant to § 2.7(b)(ii) 
of the Supplemental Indenture) 
 
The Bank of New York, 
  as Trustee

 
Re:
[        ]% Guaranteed Notes due [        ] of 
WMC Finance (USA) Limited (the “Notes”) 
 
Reference is hereby made to the First Supplemental Indenture, dated May 8, 2003 (the “Supplemental Indenture”), among WMC Finance (USA) Limited, WMC Resources Ltd, WMC (Olympic Dam Corporation) Pty Ltd, WMC
Fertilizers Pty Ltd and The Bank of New York, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Supplemental Indenture. 
 
This letter relates to $
                 principal amount of Notes which are evidenced by one or more Regulation S Global Notes (CUSIP No.
[            ]) and held with the Depositary in the name of [INSERT NAME OF TRANSFEROR] (the “Transferor”). The Transferor has requested a transfer of such beneficial interest in
the Notes to a person that will take delivery thereof in the form of an equal principal amount of Notes evidenced by one or more Unrestricted Global Notes (CUSIP No. [            ]).

 
In connection with such request and in respect
of such Notes, the Transferor does hereby certify that such transfer has been effected pursuant to and in accordance with either (i) Rule 903 or Rule 904 (as applicable) under the United States Securities Act of 1933, as amended (the
“Securities Act”), or (ii) Rule 144 under the Securities Act, and accordingly the Transferor does hereby further certify that: 
 

	 	1.	 	If the transfer has been effected pursuant to Rule 903 and Rule 904: 

 

	 	a.	 	the offer of the Notes was not made to a person in the United States; 

 

	 	b.	 	either: 

 

	 	i.	 	 at the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf 

 

B-1 

	 	 
reasonably believed that the transferee was outside the United States, or 

 

	 	ii.	 	the transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person acting on its
behalf knows that the transaction was pre-arranged with a buyer in the United States; 

 

	 	c.	 	no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S, as applicable; and

 

	 	d.	 	the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act. 

 

	 	2.	 	If the transfer has been effected pursuant to Rule 144, the Notes have been transferred in a transaction permitted by Rule 144. 

 
This certificate and the statements contained herein are made
for your benefit and the benefit of the Company and the underwriters or initial purchasers, if any, of the Notes being transferred. Terms used in this certificate and not otherwise defined in the Supplemental Indenture have the meanings set forth in
Regulation S under the Securities Act. 
 
[Insert Name of Transferor] 
 

	
	 By:
	 	  

	 	 	 Name:
 Title:

 
Dated:                  
 
cc: WMC Finance (USA) Limited 
 

B-2 

Annex C 
 
FORM OF TRANSFER CERTIFICATE 
FOR TRANSFER FROM REGULATION S GLOBAL 
NOTE TO
RESTRICTED GLOBAL NOTE 
(Transfers Pursuant to § 2.7(b)(iii) 
of the Supplemental Indenture) 
 
[Transferor Certificate] 
 
The Bank of New York, 
  as Trustee

 
Re:
[            ]% Guaranteed Notes due [            ] of 
WMC Finance (USA) Limited (the “Notes”) 
 
Reference is hereby made to the First Supplemental Indenture, dated May 8, 2003 (the “Supplemental
Indenture”), among WMC Finance (USA) Limited, WMC Resources Ltd, WMC (Olympic Dam Corporation) Pty Ltd, WMC Fertilizers Pty Ltd and The Bank of New York, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to
them in the Supplemental Indenture. 
 
This letter
relates to $                 principal amount of Notes which are evidenced by one or more Regulation S Global Notes (CUSIP No.
[            ]) and held with the Depositary through [Euroclear] [Clearstream] (Common Code: [            ]; ISIN:
[            ]) in the name of [INSERT NAME OF TRANSFEROR] (the “Transferor”). The Transferor has requested a transfer of such beneficial interest in the Notes to a person that
will take delivery thereof (the “Transferee”) in the form of an equal principal amount of Notes evidenced by one or more Restricted Global Notes (CUSIP No. [            ]).

 
In connection with such request and in respect
of such Notes, the Transferor does hereby certify that: 
 
(1) Such transfer is being effected in accordance with all applicable securities laws of any state of the United States or any other jurisdiction; 
 
(2) the Notes are being transferred in accordance with Rule 144A to a transferee whom the Transferor
reasonably believes is a qualified institutional buyer within the meaning of Rule 144A and is purchasing the Notes for its own account or any account with respect to which the transferee exercises sole investment discretion, in each case in a
transaction meeting the requirements of Rule 144A; and 

 
(3) it has
notified the transferee that it has relied on Rule 144A as a basis for the exemption from the registration requirements of the Securities Act used in connection with the transfer. 
 
This certificate and the statements contained herein are made for your benefit and the benefit of the Company
and the underwriters and initial purchasers, if any, of the Notes being transferred. 
 
[Insert Name of Transferor] 
 

	
	 By:
	 	  

	 	 	 Name:
 Title:

 
Dated:                  
 
cc: WMC Finance (USA) LimitedRegistration Rights Agreement dated May 8, 2003

 Execution Draft 
  
 WMC Finance (USA) Limited 
  
 5.125% Guaranteed Notes Due 2013 
  
 6.250% Guaranteed Notes Due 2033 
  
 REGISTRATION RIGHTS AGREEMENT 
  
 New York, New York 
 May 8, 2003 
  
 Citigroup Global Markets Inc. 
 J.P. Morgan Securities Inc. 
 As Representatives of the Initial Purchasers 
 c/o Citigroup Global Markets Inc. 
 388 Greenwich Street 
 New York, New York 10013 
  
 Dear Sirs: 
  
 WMC Finance (USA)
Limited (ACN 061 718 198), a corporation organized under the laws of the Commonwealth of Australia (the “Issuer”), proposes to issue and sell to certain purchasers (the “Initial Purchasers”), upon the terms set forth in a
purchase agreement of even date herewith (the “Purchase Agreement”) its 5.125% Guaranteed Notes Due 2013 and its 6.250% Guaranteed Notes Due 2033, collectively, (the “Securities”), to be guaranteed by WMC Resources Ltd (ABN 76
004 184 598), a corporation duly organized and existing under the laws of the Commonwealth of Australia (the “Parent Guarantor” and together with the Issuer, the “Company”) and WMC (Olympic Dam Corporation) Pty Ltd and WMC
Fertilizers Pty Ltd, corporations duly organized and existing under the laws of the Commonwealth of Australia (together, the “Subsidiary Guarantors”) relating to the initial placement of the Securities (the “Initial Placement”).
To induce the Initial Purchasers to enter into the Purchase Agreement and to satisfy a condition of your obligations thereunder, the Company agrees with you for the benefit of the holders from time to time of the Securities (including the Initial
Purchasers) (each a “Holder” and, together, the “Holders”), as follows: 
  
 1. Definitions. Capitalized terms used herein without definition shall have their respective meanings set forth in the Purchase Agreement. As used in this Agreement, the following capitalized defined terms
shall have the following meanings: 
  
 “Act” shall mean
the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder. 
  
 “Affiliate” of any specified Person shall mean any other Person that, directly or indirectly, is in control of, is controlled by, or is under
common control with, such specified Person. For purposes of this definition, control of a Person shall mean the power, direct or indirect, to direct or cause the direction of the management and policies of such Person whether by contract or
otherwise; and the terms “controlling” and “controlled” shall have meanings correlative to the foregoing. 

 “Broker-Dealer” shall mean any broker or dealer registered as such under the Exchange Act.

  
 “Business Day” shall mean any day other than a
Saturday, a Sunday or a legal holiday or a day on which banking institutions or trust companies are authorized or obligated by law to close in New York City, Melbourne, Australia, or Luxembourg. 
  
 “Commission” shall mean the Securities and Exchange Commission.

  
 “Exchange Act” shall mean the Securities Exchange
Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder. 
  
 “Exchange Offer Registration Period” shall mean the period following the consummation of the Registered Exchange Offer and ending on the earlier
of the expiration of the 180th day after the Registered Exchange Offer has been completed or such time as any
Exchanging Dealers no longer own any Securities, exclusive of any period during which any stop order shall be in effect suspending the effectiveness of the Exchange Offer Registration Statement. 
  
 “Exchange Offer Registration Statement” shall mean a registration
statement of the Company on an appropriate form under the Act with respect to the Registered Exchange Offer, all amendments and supplements to such registration statement, including post-effective amendments thereto, in each case including the
Prospectus contained therein, all exhibits thereto and all material incorporated by reference therein. 
  
 “Exchanging Dealer” shall mean any Holder (which may include any Initial Purchaser) that is a Broker-Dealer and elects to exchange for New
Securities any Securities that it acquired for its own account as a result of market-making activities or other trading activities (but not directly from the Company or any Affiliate of the Company) for New Securities. 
  
 “Final Memorandum” shall have the meaning set forth in the Purchase
Agreement. 
  
 “Holder” shall have the meaning set forth
in the preamble hereto. 
  
 “Indenture” shall mean the
Indenture relating to the Securities, dated as of May 8, 2003, between the Company and The Bank of New York, as trustee, as the same may be amended or supplemented from time to time in accordance with the terms thereof. 
  
 “Initial Placement” shall have the meaning set forth in the
preamble hereto. 
  
 “Initial Purchaser” shall have the
meaning set forth in the preamble hereto. 
  
 “Losses”
shall have the meaning set forth in Section 6(d) hereof. 
  
 “Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of Securities registered under a Registration Statement. 
  
 “Managing Underwriters” shall mean the investment banker or investment bankers and manager or managers that shall
administer an underwritten offering. 
  

 2 

 “New Securities” shall mean debt securities of the Company identical in all material respects
to the Securities (except that the cash interest and interest rate step-up provisions and the transfer restrictions shall be modified or eliminated, as appropriate) and to be issued under the Indenture or the New Securities Indenture. 
  
 “New Securities Indenture” shall mean an indenture between the
Company and the New Securities Trustee, identical in all material respects to the Indenture (except that the cash interest and interest rate step-up provisions will be modified or eliminated, as appropriate). 
  
 “New Securities Trustee” shall mean a bank or trust company
reasonably satisfactory to the Initial Purchasers, as trustee with respect to the New Securities under the New Securities Indenture. 
  
 “Prospectus” shall mean the prospectus included in any Registration Statement (including, without limitation, a prospectus that discloses
information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A under the Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of
any portion of the Securities or the New Securities covered by such Registration Statement, and all amendments and supplements thereto and all material incorporated by reference therein. 
  
 “Purchase Agreement” shall have the meaning set forth in the preamble hereto. 
  
 “Registered Exchange Offer” shall mean the proposed offer of the
Company to issue and deliver to the Holders of the Securities that are not prohibited by any law or policy of the Commission from participating in such offer, in exchange for the Securities, a like aggregate principal amount of the New Securities.

  
 “Registration Statement” shall mean any Exchange
Offer Registration Statement or Shelf Registration Statement that covers any of the Securities or the New Securities pursuant to the provisions of this Agreement, any amendments and supplements to such registration statement, including
post-effective amendments (in each case including the Prospectus contained therein), all exhibits thereto and all material incorporated by reference therein. 
  
 “Securities” shall have the meaning set forth in the preamble hereto. 
  
 “Shelf Registration” shall mean a registration effected pursuant to Section 3 hereof. 
  
 “Shelf Registration Period” has the meaning set forth in Section
3(b) hereof. 
  
 “Shelf Registration Statement” shall
mean a “shelf” registration statement of the Company pursuant to the provisions of Section 3 hereof which covers some or all of the Securities or New Securities, as applicable, on an appropriate form under Rule 415 under the Act, or any
similar rule that may be adopted by the Commission, amendments and supplements to such registration statement, including post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and all material
incorporated by reference therein. 
  

 3 

 “Trustee” shall mean the trustee with respect to the Securities under the Indenture.

  
 “underwriter” shall mean any underwriter of
Securities in connection with an offering thereof under a Shelf Registration Statement. 
  
 2. Registered Exchange Offer. (a) Subject to Section 3 below, the Company shall prepare and, not later than 90 days following the date of the original issuance of the Securities (or if such 90th day is not a
Business Day, the next succeeding Business Day), shall file with the Commission the Exchange Offer Registration Statement with respect to the Registered Exchange Offer. The Company shall use its reasonable best efforts to cause the Exchange Offer
Registration Statement to become effective under the Act within 180 days of the date of the original issuance of the Securities (or if such 180th day is not a Business Day, the next succeeding Business Day). 
  
 (b) Upon the effectiveness of the Exchange Offer Registration Statement, the
Company shall promptly commence the Registered Exchange Offer, it being the objective of such Registered Exchange Offer to enable each Holder electing to exchange Securities for New Securities (assuming that such Holder is not an Affiliate of the
Company, acquires the New Securities in the ordinary course of such Holder’s business, has no arrangements with any Person to participate in the distribution of the New Securities and is not prohibited by any law or policy of the Commission
from participating in the Registered Exchange Offer) to trade such New Securities from and after their receipt without any limitations or restrictions under the Act and without material restrictions under the securities laws of a substantial
proportion of the several states of the United States. 
  
 (c) In
connection with the Registered Exchange Offer, the Company shall: 
  
 (i) mail to each Holder a copy of the Prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related documents; 
  
 (ii) keep the Registered Exchange Offer open for at least 30
Business Days after the date notice thereof is mailed to the Holders (or longer if required by applicable law); 
  
 (iii) use its reasonable best efforts to keep the Exchange Offer Registration Statement continuously effective under the Act, supplemented
and amended as required, under the Act to ensure that it is available for sales of New Securities by Exchanging Dealers during the Exchange Offer Registration Period; 
  
 (iv) utilize the services of a depositary for the Registered Exchange Offer with an address in the Borough
of Manhattan in New York City; 
  
 (v) permit
Holders to withdraw tendered Securities at any time prior to the close of business, New York time, on the last Business Day on which the Registered Exchange Offer is open; and 
  
 (vi) prior to effectiveness of the Exchange Offer Registration Statement, provide a supplemental letter to
the Commission (A) stating that the Company is conducting the Registered Exchange Offer in reliance on the position of 
  

 4 

 the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988), Morgan Stanley
and Co., Inc. (pub. avail. June 5, 1991), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993 and similar no-action letters; and (B) including a representation that the Company has not entered into any
arrangement or understanding with any Person to distribute the New Securities to be received in the Registered Exchange Offer and that, to the best of the Company’s information and belief, each Holder participating in the Registered Exchange
Offer is acquiring the New Securities in the ordinary course of business and has no arrangement or understanding with any Person to participate in the distribution of the New Securities. 
  
 (d) As soon as practicable after the close of the Registered Exchange Offer, the Company shall: 
  
 (i) accept for exchange all Securities tendered and not
validly withdrawn pursuant to the Registered Exchange Offer; 
  
 (ii) deliver to the Trustee for cancellation in accordance with Section 4(s) all Securities so accepted for exchange; and 
  
 (iii) cause the New Securities Trustee promptly to authenticate and deliver to each Holder of Securities a principal amount of New
Securities equal to the principal amount of the Securities of such Holder so accepted for exchange. 
  
 (e) Each Holder is hereby deemed to acknowledge and agree that any Broker-Dealer and any such Holder using the Registered Exchange Offer to participate in
a distribution of the New Securities (x) could not under Commission policy as in effect on the date of this Agreement rely on the position of the Commission in Morgan Stanley and Co., Inc. (pub. avail. June 5, 1991) and Exxon Capital
Holdings Corporation (pub. avail. May 13, 1988), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993 and similar no-action letters; and (y) must comply with the registration and prospectus delivery
requirements of the Act in connection with any secondary resale transaction must be covered by an effective registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K under
the Act if the resales are of New Securities obtained by such Holder in exchange for Securities acquired by such Holder directly from the Company or one of its Affiliates. Accordingly, each Holder participating in the Registered Exchange Offer shall
be required to represent to the Company that, at the time of the consummation of the Registered Exchange Offer: 
  
 (i) any New Securities received by such Holder will be acquired in the ordinary course of business; 
  
 (ii) such Holder will have no arrangement or understanding
with any Person to participate in the distribution of the Securities or the New Securities within the meaning of the Act; and 
  
 (iii) such Holder is not an Affiliate of the Company. 
  
 (f) If any Initial Purchaser determines that it is not eligible to participate in the Registered Exchange Offer with respect
to the exchange of Securities constituting any portion of an unsold allotment, at the request of such Initial Purchaser, the Company shall 
  

 5 

 issue and deliver to such Initial Purchaser or the Person purchasing New Securities registered under a Shelf Registration
Statement as contemplated by Section 3 hereof from such Initial Purchaser, in exchange for such Securities, a like principal amount of New Securities. The Company shall use its best efforts to cause the CUSIP Service Bureau to issue the same CUSIP
number for such New Securities as for New Securities issued pursuant to the Registered Exchange Offer. 
  
 3. Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Company
determines upon advice of its outside counsel that it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not consummated within 240 days of the
date hereof; (iii) any Initial Purchaser so requests with respect to Securities constituting any portion of an unsold allotment that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it
following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the
Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being
understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such
Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in
exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the Company shall effect a Shelf Registration Statement in
accordance with subsection (b) below. 
  
 (b) (i) The Company
shall as promptly as practicable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective under the
Act a Shelf Registration Statement relating to the offer and sale of the Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth
in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be
bound by all of the provisions of this Agreement applicable to such Holder and completes the questionnaire attached to Annex E hereto and a Notice of Transfer in the form of Annex F hereto; and provided further, that with respect to New Securities
received by an Initial Purchaser in exchange for Securities constituting any portion of an unsold allotment, the Company may, if permitted by current interpretations by the Commission’s staff, file a post-effective amendment to the Exchange
Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K, as applicable, in satisfaction of its obligations under this subsection with respect thereto, and any such Exchange Offer Registration Statement,
as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. 
  

 6 

 (ii) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement
continuously effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration Statement is declared effective by
the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement (in any such case, such
period being called the “Shelf Registration Period”). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any
action that would result in Holders of Securities covered thereby not being able to offer and sell such Securities during that period, unless (A) such action is required by applicable law; or (B) such action is taken by the Company in good faith and
for valid business reasons (not including avoidance of the Company’s obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 4(k) hereof,
if applicable. 
  
 (iii) The Company shall cause the Shelf
Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such amendment or supplement, (A) to comply in all material respects with the applicable
requirements of the Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading. 
  
 4. Additional Registration Procedures. In connection with any Shelf Registration Statement and, to the extent applicable, any Exchange Offer Registration Statement, the following provisions shall apply.

  
 (a) The Company shall: 
  
 (i) furnish to you, not less than five Business Days prior
to the filing thereof with the Commission, a copy of any Shelf Registration Statement, and each amendment thereof and each amendment or supplement, if any, to the Prospectus included therein (including all documents incorporated by reference therein
after the initial filing) and shall use its reasonable best efforts to reflect in each such document, when so filed with the Commission, such comments as reasonably propose; 
  
 (ii) furnish to each Exchanging Dealer (including, if applicable, you), not less than five Business Days
prior to the filing thereof with the Commission, a copy of any Exchange Offer Registration Statement, and each amendment thereof and each amendment or supplement, if any, to the Prospectus included therein (including all documents incorporated by
reference therein after the initial filing) and shall use its reasonable best efforts to reflect in each such document, when so filed with the Commission, such comments as each such Exchanging Dealer may reasonably propose; 
  
 (iii) include the information set forth in Annex A hereto on
the facing page of the Exchange Offer Registration Statement, in Annex B hereto in the forepart of the Exchange Offer Registration Statement in a section setting forth details of the Exchange Offer, in Annex C hereto in the underwriting or plan of
distribution section of the Prospectus contained in the Exchange Offer Registration Statement, and 
  

 7 

 in Annex D hereto in the letter of transmittal delivered pursuant to the Registered Exchange Offer;

  
 (iv) if requested by an Initial Purchaser and
permitted by current interpretations by the Commission’s staff, include the information required by Item 507 or 508 of Regulation S-K, as applicable, in the Prospectus contained in the Exchange Offer Registration Statement; and 
  
 (v) in the case of a Shelf Registration Statement, include
the names of the Holders that have completed the Questionnaire attached hereto as Annex E that propose to sell Securities pursuant to the Shelf Registration Statement as selling security holders. 
  
 (b) The Company shall ensure that: 
  
 (i) any Registration Statement and any amendment thereto and
any Prospectus forming part thereof and any amendment or supplement thereto complies in all material respects with the Act and the rules and regulations thereunder; and 
  
 (ii) any Registration Statement and any amendment thereto does not, when it becomes effective, contain an
untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. 
  

(c) The Company shall advise you, if applicable, the Holders of Securities covered by any Shelf Registration Statement and any Exchanging Dealer under
any Exchange Offer Registration Statement that has provided in writing to the Company a telephone or facsimile number and address for notices, and, if requested by you or any such Holder or Exchanging Dealer, shall confirm such advice in writing
(which notice pursuant to clauses (ii)-(v) hereof shall be accompanied by an instruction to suspend the use of the Prospectus until the Company shall have remedied the basis for such suspension): 
  
 (i) when a Registration Statement and any amendment thereto
has been filed with the Commission and when the Registration Statement or any post-effective amendment thereto has become effective; 
  
 (ii) of any request by the Commission for any amendment or supplement to the Registration Statement or the Prospectus or for additional
information; 
  
 (iii) of the issuance by the
Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose; 
  
 (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the securities included
therein for sale in any jurisdiction or the initiation of any proceeding for such purpose; and 
  
 (v) of the happening of any event that requires any change in the Registration Statement or the Prospectus so that, as of such date, the
statements therein are not misleading and do not omit to state a material fact required to be stated 
  

 8 

 therein or necessary to make the statements therein (in the case of the Prospectus, in the light of the
circumstances under which they were made) not misleading 
  
 (d)
The Company shall use its best efforts to obtain the withdrawal of any order suspending the effectiveness of any Registration Statement or the qualification of the securities therein for sale in any jurisdiction at the earliest possible time.

  
 (e) The Company shall furnish to each Holder of Securities
covered by any Shelf Registration Statement, without charge, at least one copy of such Shelf Registration Statement and any post-effective amendment thereto, including all material incorporated therein by reference, and, if the Holder so requests in
writing, all exhibits thereto (including exhibits incorporated by reference therein). 
  
 (f) The Company shall, during the Shelf Registration Period, deliver to each Holder of Securities covered by any Shelf Registration Statement, without charge, as many copies of the Prospectus (including each
preliminary Prospectus) included in such Shelf Registration Statement and any amendment or supplement thereto as such Holder may reasonably request. The Company consents to the use of the Prospectus or any amendment or supplement thereto by each of
the selling Holders of securities in connection with the offering and sale of the securities covered by the Prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement. 
  
 (g) The Company shall furnish to each Exchanging Dealer which so requests,
without charge, at least one copy of the Exchange Offer Registration Statement and any post-effective amendment thereto, including all material incorporated by reference therein, and, if the Exchanging Dealer so requests in writing, all exhibits
thereto (including exhibits incorporated by reference therein). 
  
 (h) The Company shall promptly deliver to each Initial Purchaser, each Exchanging Dealer and each other Person required to deliver a Prospectus during the Exchange Offer Registration Period, without charge, as many copies of the Prospectus
included in such Exchange Offer Registration Statement and any amendment or supplement thereto as any such Person may reasonably request. The Company consents to the use of the Prospectus or any amendment or supplement thereto by any Initial
Purchaser, any Exchanging Dealer and any such other Person that may be required to deliver a Prospectus following the Registered Exchange Offer in connection with the offering and sale of the New Securities covered by the Prospectus, or any
amendment or supplement thereto, included in the Exchange Offer Registration Statement. 
  
 (i) Prior to the Registered Exchange Offer or any other offering of Securities pursuant to any Registration Statement, the Company shall arrange, if necessary, for the qualification of the Securities or the New
Securities for sale under the laws of such jurisdictions as any Holder shall reasonably request and will maintain such qualification in effect so long as required; provided that in no event shall the Company be obligated to qualify to do business in
any jurisdiction where it is not then so qualified or to take any action that would subject it to service of process in suits, other than those arising out of the Initial Placement, the Registered Exchange Offer or any offering pursuant to a Shelf
Registration Statement, in any such jurisdiction where it is not then so subject. 
  
 (j) The Company shall cooperate with the Holders of Securities to facilitate the timely preparation and delivery of certificates representing New Securities or 
  

 9 

 Securities to be issued or sold pursuant to any Registration Statement free of any restrictive legends and in such
denominations and registered in such names as Holders may request. 
  
 (k) Upon the occurrence of any event contemplated by subsections (c)(ii) through (v) above, the Company shall promptly prepare a post-effective amendment to the applicable Registration Statement or an amendment or supplement to the related
Prospectus or file any other required document so that, as thereafter delivered to Initial Purchasers of the securities included therein, the Prospectus will not include an untrue statement of a material fact or omit to state any material fact
necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading provided, however, that if, upon advice of counsel to the Company, any such amendment or supplement would require
additional disclosure of material non-public information by the Company or its subsidiaries as to which, and so long as, the Company or its subsidiaries have a bona fide business purpose in preserving its confidentiality, the Company may
postpone the filing with the Commission such amendment or supplement until such time that such bona fide business purpose in preserving its confidentiality no longer exists and provided, further, that any such delay in filing any such
amendment or supplement shall not be deemed to be a default in the Company’s registration obligations under this Agreement. In such circumstances, the period of effectiveness of the Exchange Offer Registration Statement provided for in Section
2 and the Shelf Registration Statement provided for in Section 3(b) shall each be extended by the number of days from and including the date of the giving of a notice of suspension pursuant to Section 4(c) to and including the date when the Initial
Purchasers, the Holders of the Securities and any known Exchanging Dealer shall have received such amended or supplemented Prospectus pursuant to this Section. 
  

(l) Not later than the effective date of any Registration Statement, the Company shall provide a CUSIP number for the Securities or the New Securities,
as the case may be, registered under such Registration Statement and provide the Trustee with printed certificates for such Securities or New Securities, in a form eligible for deposit with The Depository Trust Company. 
  
 (m) The Company shall comply with all applicable rules and regulations of the
Commission and shall make generally available to its security holders as soon as practicable after the effective date of the applicable Registration Statement an earnings statement satisfying the provisions of Section 11(a) of the Act. 

 
 (n) The Company shall cause the Indenture or the New Securities Indenture,
as the case may be, to be qualified under the Trust Indenture Act in a timely manner. 
  
 (o) The Company may require each Holder of securities to be sold pursuant to any Shelf Registration Statement to (i) complete the Questionnaire attached hereto as Annex E hereto and a Notice of Transfer in the form of
Annex F hereto and (ii) furnish to the Company such information regarding the Holder and the distribution of such securities as the Company may from time to time reasonably require for inclusion in such Registration Statement. The Company may
exclude from such Shelf Registration Statement the Securities of any Holder that unreasonably fails to furnish such Questionnaire and Notice of Transfer and such other information within a reasonable time after receiving such request. 
  
 (p) In the case of any Shelf Registration Statement, the Company shall enter
into such arrangements and take all other appropriate actions (including if requested an 
  

 10 

 underwriting agreement in customary form) in order to expedite or facilitate the registration or the disposition of the
Securities, and in connection therewith, if an underwriting agreement is entered into, cause the same to contain indemnification provisions and procedures no less favorable than those set forth in Section 6 (or such other provisions and procedures
acceptable to the Majority Holders and the Managing Underwriters, if any, with respect to all parties to be indemnified pursuant to Section 6). 
  
 (q) In the case of any Shelf Registration Statement, the Company shall: 
  
 (i) make reasonably available all relevant financial and other records, pertinent corporate documents and
properties of the Company and its subsidiaries for inspection by the Holders of Securities to be registered thereunder, any underwriter participating in any disposition pursuant to such Registration Statement, and any attorney, accountant or other
agent retained by the Holders or any such underwriter; 
  
 (ii) cause the Company’s officers, directors and employees to supply all relevant information reasonably requested by the Holders or any such underwriter, attorney, accountant or agent in connection with any such Registration Statement
as is customary for similar due diligence examinations; provided, however, that any information that is designated in writing by the Company, in good faith, as confidential at the time of delivery of such information shall be kept
confidential by the Holders or any such underwriter, attorney, accountant or agent, unless such disclosure is made in connection with a court proceeding or required by law, or such information becomes available to the public generally or through a
third party without an accompanying obligation of confidentiality; 
  
 (iii) make such representations and warranties to the Holders of Securities registered thereunder and the underwriters, if any, in form, substance and scope as are customarily made by issuers to underwriters in
primary underwritten offerings and covering matters including, but not limited to, those set forth in the Purchase Agreement; 
  
 (iv) at the request of the Managing Underwriters, obtain opinions of counsel to the Company and updates thereof (which counsel and
opinions (in form, scope and substance) shall be reasonably satisfactory to the Managing Underwriters, if any) addressed to each selling Holder and the underwriters, if any, covering such matters as are customarily covered in opinions requested in
underwritten offerings and such other matters as may be reasonably requested by such Holders and underwriters; 
  
 (v) obtain “cold comfort” letters and updates thereof from the independent certified public accountants of the Company (and, if
necessary, any other independent certified public accountants of any subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration
Statement), addressed to each selling Holder of Securities registered thereunder and the underwriters, if any, in customary form and covering matters of the type customarily covered in “cold comfort” letters in connection with primary
underwritten offerings; and 
  

 11 

 (vi) at the request of the Managing Underwriters, deliver such documents and certificates
as may be reasonably requested by the Majority Holders and the Managing Underwriters, if any, including those to evidence compliance with Section 4(k) and with any customary conditions contained in the underwriting agreement or other agreement
entered into by the Company. 
  
 The actions set forth in clauses (iii), (iv), (v)
and (vi) of this Section shall be performed at (A) the effectiveness of such Registration Statement and each post-effective amendment thereto; and (B) each closing under any underwriting or similar agreement as and to the extent required thereunder.

  
 (r) In the case of any Exchange Offer Registration Statement,
the Company shall upon the reasonable request of any Initial Purchaser then holding outstanding Securities: 
  
 (i) make reasonably available for inspection by such Initial Purchaser, and any attorney, accountant or other agent retained by such
person, all relevant financial and other records, pertinent corporate documents and properties of the Company and its subsidiaries; 
  
 (ii) cause the Company’s officers, directors and employees to supply all relevant information reasonably requested by such Initial
Purchaser, or any such attorney, accountant or agent in connection with any such Registration Statement as is customary for similar due diligence examinations; provided, however, that any information that is designated in writing by
the Company, in good faith, as confidential at the time of delivery of such information shall be kept confidential by such Initial Purchaser, or any such attorney, accountant or agent, unless such disclosure is made in connection with a court
proceeding or required by law, or such information becomes available to the public generally or through a third party without an accompanying obligation of confidentiality; 
  
 (iii) make such representations and warranties to such Initial Purchaser, in form, substance and scope as
are customarily made by issuers to underwriters in primary underwritten offerings and covering matters including, but not limited to, those set forth in the Purchase Agreement; 
  
 (iv) obtain opinions of counsel to the Company and updates thereof (which counsel and opinions (in form,
scope and substance) shall be reasonably satisfactory to such Initial Purchaser and its counsel addressed to such Initial Purchaser, covering such matters as are customarily covered in opinions requested in underwritten offerings and such other
matters as may be reasonably requested by such Initial Purchaser or its counsel; 
  
 (v) obtain “cold comfort” letters and updates thereof from the independent certified public accountants of the Company (and, if
necessary, any other independent certified public accountants of any subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration
Statement), addressed to such Initial Purchaser in customary form and covering matters of the type customarily covered in “cold comfort” letters in connection with primary underwritten offerings, or if requested by such Initial Purchaser,
Exchanging Dealer or its respective counsel 
  

 12 

 in lieu of a “cold comfort” letter, an agreed-upon procedures letter under Statement on
Auditing Standards No. 35, covering matters requested by such Initial Purchaser or its counsel; and 
  
 (vi) deliver such documents and certificates as may be reasonably requested by such Initial Purchaser or its counsel, including those to
evidence compliance with Section 4(k) and with conditions customarily contained in underwriting agreements. 
  
 The foregoing actions set forth in clauses (iii), (iv), (v), and (vi) of this Section shall be performed at the close of the Registered Exchange Offer and the effective date of any post-effective amendment to the
Exchange Offer Registration Statement. 
  
 (s) If a Registered
Exchange Offer is to be consummated, upon delivery of the Securities by Holders to the Company (or to such other Person as directed by the Company) in exchange for the New Securities, the Company shall mark, or caused to be marked, on the Securities
so exchanged that such Securities are being canceled in exchange for the New Securities. In no event shall the Securities be marked as paid or otherwise satisfied. 
  
 (t) The Company will use its reasonable best efforts (i) if the Securities have been rated prior to the initial sale of such
Securities, to confirm such ratings will apply to the Securities or the New Securities, as the case may be, covered by a Registration Statement; or (ii) if the Securities were not previously rated, to cause the Securities covered by a Registration
Statement to be rated with at least one nationally recognized statistical rating agency, if so requested by Majority Holders with respect to the related Registration Statement or by any Managing Underwriters. 
  
 (u) In the event that any Broker-Dealer shall underwrite any Securities or
participate as a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning of the Rules of Fair Practice and the By-Laws of the National Association of Securities Dealers, Inc.) thereof,
whether as a Holder of such Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise, assist such Broker-Dealer in complying with the requirements of such Rules and By-Laws, including,
without limitation, by: 
  
 (i) if such Rules or
By-Laws shall so require, engaging a “qualified independent underwriter” (as defined in such Rules) to participate in the preparation of the Registration Statement, to exercise usual standards of due diligence with respect thereto and, if
any portion of the offering contemplated by such Registration Statement is an underwritten offering or is made through a placement or sales agent, to recommend the yield of such Securities; 
  
 (ii) indemnifying any such qualified independent underwriter
to the extent of the indemnification of underwriters provided in Section 6 hereof; and 
  
 (iii) providing such information to such Broker-Dealer as may be required in order for such Broker-Dealer to comply with the requirements
of such Rules. 
  

 13 

 (iv) The Company shall use its best efforts to take all other steps necessary to effect
the registration of the Securities or the New Securities, as the case may be, covered by a Registration Statement. 
  
 5. Registration Expenses. The Company shall bear all expenses incurred in connection with the performance of its obligations under Sections 2, 3
and 4 hereof and, in the event of any Shelf Registration Statement, will reimburse the Holders for the reasonable fees and disbursements of one firm or counsel designated by the Majority Holders to act as counsel for the Holders in connection
therewith, and, in the case of any Exchange Offer Registration Statement, will reimburse the Initial Purchasers for the reasonable fees and disbursements of counsel acting in connection therewith, if applicable. 
  
 6. Indemnification and Contribution. (a) The Company and the
Subsidiary Guarantors agree to indemnify and hold harmless each Holder of Securities or New Securities, as the case may be, covered by any Registration Statement (including each Initial Purchaser and, with respect to any Prospectus delivery as
contemplated in Section 4(h) hereof, each Exchanging Dealer), the directors, officers, employees and agents of each such Holder and each Person who controls any such Holder within the meaning of either the Act or the Exchange Act against any and all
losses, claims, damages or liabilities, joint or several, to which they or any of them may become subject under the Act, the Exchange Act or other Federal or state statutory law or regulation, at common law or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement as originally filed or in any amendment
thereof, or in any preliminary Prospectus or the Prospectus, or in any amendment thereof or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and agrees to reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss,
claim, damage, liability or action; provided, however, that neither the Company nor any Guarantor will be liable in any case to the extent that any such loss, claim, damage or liability arises out of or is based upon any such untrue
statement or alleged untrue statement or omission or alleged omission made therein in reliance upon and in conformity with written information furnished to the Company or the Subsidiary Guarantors by or on behalf of any such Holder specifically for
inclusion therein. This indemnity agreement will be in addition to any liability which the Company and the Subsidiary Guarantors may otherwise have. 
  
 The Company and the Subsidiary Guarantors also agree to indemnify or contribute as provided in Section 6(d) to Losses of each any underwriter of
Securities or New Securities, as the case may be, registered under a Shelf Registration Statement, their directors, officers, employees or agents and each Person who controls such underwriter on substantially the same basis as that of the
indemnification of the Initial Purchasers and the selling Holders provided in this Section 6(a) and shall, if requested by any Holder, enter into an underwriting agreement reflecting such agreement, as provided in Section 4(p) hereof. 
  
 (b) Each Holder of securities covered by a Registration Statement (including
each Initial Purchaser and, with respect to any Prospectus delivery as contemplated in Section 4(h) hereof, each Exchanging Dealer) severally agrees to indemnify and hold harmless the Company, each Guarantor, each of their respective directors each
of their respective officers who signs such Registration Statement and each Person who controls the Company or any Guarantor within the meaning of either the Act or the Exchange Act, to 
  

 14 

 the same extent as the foregoing indemnity from the Company and the Subsidiary Guarantors to each such Holder, but only
with reference to written information relating to such Holder furnished to the Company or the Subsidiary Guarantors by or on behalf of such Holder specifically for inclusion in the documents referred to in the foregoing indemnity. This indemnity
agreement will be in addition to any liability which any such Holder may otherwise have. 
  
 (c) Promptly after receipt by an indemnified party under this Section 6 or notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying
party under this Section, notify the indemnifying party in writing of the commencement thereof; but the failure so to notify the indemnifying party (i) will not relieve it from liability under paragraph (a) or (b) above unless and to the extent it
did not otherwise learn of such action and such failure results in the forfeiture by the indemnifying party of substantial rights and defenses; and (ii) will not, in any event, relieve the indemnifying party from any obligations to any indemnified
party other than the indemnification obligation provided in paragraph (a) or (b) above. The indemnifying party shall be entitled to appoint counsel of the indemnifying party’s choice at the indemnifying party’s expense to represent the
indemnified party in any action for which indemnification is sought (in which case the indemnifying party shall not thereafter be responsible for the fees and expenses of any separate counsel retained by the indemnified party or parties except as
set forth below); provided, however, that such counsel shall be satisfactory to the indemnified party. Notwithstanding the indemnifying party’s election to appoint counsel to represent the indemnified party in an action, the
indemnified party shall have the right to employ separate counsel (including local counsel), and the indemnifying party shall bear the reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel chosen by the indemnifying
party to represent the indemnified party would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action include both the indemnified party and the indemnifying party and the
indemnified party shall have reasonably concluded that there may be legal defenses available to it and/or other indemnified parties which are different from or additional to those available to the indemnifying party; (iii) the indemnifying party
shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of the institution of such action; or (iv) the indemnifying party shall authorize the indemnified party to
employ separate counsel at the expense of the indemnifying party. An indemnifying party will not, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any judgment with respect to any pending
or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim or action) unless such settlement,
compromise or consent includes an unconditional release of each indemnified party from all liability arising out of such claim, action, suit or proceeding. 
  
 (d) In the event that the indemnity provided in paragraph (a) or (b) of this Section is unavailable to or insufficient to hold harmless an indemnified
party for any reason, then each applicable indemnifying party shall have a joint and several obligation to contribute to the aggregate losses, claims, damages and liabilities (including legal or other expenses reasonably incurred in connection with
investigating or defending same) (collectively “Losses”) to which such indemnified party may be subject in such proportion as is appropriate to reflect the relative benefits received by such indemnifying party, on the one hand, and such
indemnified party, on the other hand, from the Initial Placement and the 
  

 15 

 Registration Statement which resulted in such Losses; provided, however, that in no case shall any Initial
Purchaser or any subsequent Holder of any Security or New Security be responsible, in the aggregate, for any amount in excess of the purchase discount or commission applicable to such Security, or in the case of a New Security, applicable to the
Security that was exchangeable into such New Security, as set forth on the cover page of the Final Memorandum, nor shall any underwriter be responsible for any amount in excess of the underwriting discount or commission applicable to the securities
purchased by such underwriter under the Registration Statement which resulted in such Losses. If the allocation provided by the immediately preceding sentence is unavailable for any reason, the indemnifying party and the indemnified party shall
contribute in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of such indemnifying party, on the one hand, and such indemnified party, on the other hand, in connection with the statements or
omissions which resulted in such Losses as well as any other relevant equitable considerations. Benefits received by the Company and the Subsidiary Guarantors, collectively, shall be deemed to be equal to the sum of (x) the total net proceeds from
the Initial Placement (before deducting expenses) as set forth on the cover page of the Final Memorandum and (y) the total amount of additional interest which the Company was not required to pay as a result of registering the securities covered by
the Registration Statement which resulted in such Losses. Benefits received by the Initial Purchasers shall be deemed to be equal to the total purchase discounts and commissions as set forth on the cover page of the Final Memorandum, and benefits
received by any other Holders shall be deemed to be equal to the value of receiving Securities or New Securities, as applicable, registered under the Act. Benefits received by any underwriter shall be deemed to be equal to the total underwriting
discounts and commissions, as set forth on the cover page of the Prospectus forming a part of the Registration Statement which resulted in such Losses. Relative fault shall be determined by reference to, among other things, whether any alleged
untrue statement or omission relates to information provided by the indemnifying party, on the one hand, or by the indemnified party, on the other hand, the intent of the parties and their relative knowledge, access to information and opportunity to
correct or prevent such untrue statement or omission. The parties agree that it would not be just and equitable if contribution were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or any other
method of allocation which does not take account of the equitable considerations referred to above. Notwithstanding the provisions of this paragraph (d), no Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. For purposes of this Section, each Person who controls a Holder within the meaning of either the Act or the Exchange Act and each
director, officer, employee and agent of such Holder shall have the same rights to contribution as such Holder, and each Person who controls the Company or any Guarantor within the meaning of either the Act or the Exchange Act, each officer of the
Company or any Guarantor who shall have signed the Registration Statement and each director of the Company or any Guarantor shall have the same rights to contribution as the Company or any Guarantor, subject in each case to the applicable terms and
conditions of this paragraph (d). 
  
 (e) The provisions of this
Section will remain in full force and effect, regardless of any investigation made by or on behalf of any Holder or the Company or any Guarantor or any of the officers, directors or controlling Persons referred to in this Section hereof, and will
survive the sale by a Holder of securities covered by a Registration Statement. 
  

 16 

 7. Underwritten Registrations. (a) If any of the Securities or New Securities, as the case may be,
covered by any Shelf Registration Statement are to be sold in an underwritten offering, the Managing Underwriters shall be selected by the Majority Holders. 
  
 (b) No Person may participate in any underwritten offering pursuant to any Shelf Registration Statement, unless such Person (i) agrees to sell such
Person’s Securities or New Securities, as the case may be, on the basis reasonably provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements; and (ii) completes and executes all
questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements. 
  
 8. No Inconsistent Agreements. The Company has not, as of the date hereof, entered into, nor shall it, on or after
the date hereof, enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or otherwise conflicts with the provisions hereof. 
  
 9. Amendments and Waivers. The provisions of this Agreement, including
the provisions of this sentence, may not be amended, qualified, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the Company has obtained the written consent of the Majority Holders
(or, after the consummation of any Registered Exchange Offer in accordance with Section 2 hereof, of New Securities); provided that, with respect to any matter that directly or indirectly affects the rights of any Initial Purchaser hereunder,
the Company shall obtain the written consent of each such Initial Purchaser against which such amendment, qualification, supplement, waiver or consent is to be effective. Notwithstanding the foregoing (except the foregoing proviso), a waiver or
consent to departure from the provisions hereof with respect to a matter that relates exclusively to the rights of Holders whose Securities or New Securities, as the case may be, are being sold pursuant to a Registration Statement and that does not
directly or indirectly affect the rights of other Holders may be given by the Majority Holders, determined on the basis of Securities or New Securities, as the case may be, being sold rather than registered under such Registration Statement.

  
 10. Notices. All notices and other communications
provided for or permitted hereunder shall be made in writing by hand-delivery, first-class mail, telex, telecopier or air courier guaranteeing overnight delivery: 
  
 (a) if to a Holder, at the most current address given by such holder to the Company in accordance with the provisions of
this Section, which address initially is, with respect to each Holder, the address of such Holder maintained by the Registrar under the Indenture, with a copy in like manner to Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.;

  
 (b) if to you, initially at the respective addresses set forth
in the Purchase Agreement; and 
  
 (c) if to the Company,
initially at its address set forth in the Purchase Agreement. 
  
 All such notices and communications shall be deemed to have been duly given when received. 
  

 17 

 The Initial Purchasers or the Company by notice to the other parties may designate additional or
different addresses for subsequent notices or communications. 
  
 11. Successors. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties, including, without the need for an express assignment or any consent by the Company thereto,
subsequent Holders of Securities and the New Securities. The Company hereby agrees to extend the benefits of this Agreement to any Holder of Securities and the New Securities, and any such Holder may specifically enforce the provisions of this
Agreement as if an original party hereto. 
  
 12.
Counterparts. This agreement may be in signed counterparts, each of which shall an original and all of which together shall constitute one and the same agreement. 
  
 13. Headings. The headings used herein are for convenience only and shall not affect the construction hereof.

  
 14. Applicable Law. This Agreement shall be governed by
and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed in the State of New York. 
  
 15. Severability. In the event that any one of more of the provisions contained herein, or the application thereof in any circumstances, is held
invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired or affected thereby, it
being intended that all of the rights and privileges of the parties shall be enforceable to the fullest extent permitted by law. 
  
 16. Securities Held by the Company, etc. Whenever the consent or approval of Holders of a specified percentage of principal amount of Securities or
New Securities is required hereunder, Securities or New Securities, as applicable, held by the Company or its Affiliates (other than subsequent Holders of Securities or New Securities if such subsequent Holders are deemed to be Affiliates solely by
reason of their holdings of such Securities or New Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 
  
 17. Agent for Service; Submission to Jurisdiction; Waiver of Immunities. By the execution and delivery of this
Agreement, the Company (i) acknowledges that it has, by separate written instrument, irrevocably designated and appointed Corporation Service Company, 1177 Avenue of the Americas, 17th Floor, New York, New York 10036-2721 (and any successor entity), as its authorized agent upon which process may be served in any suit or proceeding arising
out of or relating to this Agreement that may be instituted in any federal or state court in the State of New York or brought under federal or state securities laws, and acknowledges that Corporation Service Company has accepted such designation,
(ii) submits to the nonexclusive jurisdiction of any such court in any such suit or proceeding, and (iii) agrees that service of process upon Corporation Service Company and written notice of said service to the Company shall be deemed in every
respect effective service of process upon it in any such suit or proceeding. The Company further agrees to take any and all action, including the execution and filing of any and all such documents and instruments, as may be necessary to continue
such designation and appointment of Corporation Service Company in full force and effect so long as any of the Securities shall be outstanding. To the extent that the Company may acquire any immunity from jurisdiction of any court or from any legal

  

 18 

 process (whether through service of notice, attachment prior to judgment, attachment in aid of execution, execution or
otherwise) with respect to itself or its property, it hereby irrevocably waives such immunity in respect of this Agreement, to the fullest extent permitted by law. 
  

 19 

 If the foregoing is in accordance with your understanding of our agreement, please sign and return to us
the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a building agreement among the Company and the several Initial Purchasers. 
  

	 Very truly yours,

	
	WMC FINANCE (USA) LIMITED
		
	 By:
	 	/s/    Bruce R. Brook
	 	 	

	 	 	 Name: Bruce R. Brook

	 	 	 Title:   Chief Financial Officer

  

	
	WMC RESOURCES LTD
		
	 By:
	 	/s/    Bruce R. Brook
	 	 	

	 	 	 Name: Bruce R. Brook

	 	 	 Title:   Chief Financial Officer

  

	
	WMC (OLYMPIC DAM CORPORATION) PTY LTD
		
	 By:
	 	/s/    Bruce R. Brook
	 	 	

	 	 	 Name: Bruce R. Brook

	 	 	 Title:   Chief Financial Officer

  

	
	WMC FERTILIZERS PTY LTD
		
	 By:
	 	/s/    Bruce R. Brook
	 	 	

	 	 	 Name: Bruce R. Brook

	 	 	 Title:   Chief Financial Officer

  
 [Signature Page
to Registration Rights Agreement] 

 The foregoing Agreement is hereby confirmed and accepted as of the date first above written. 

 

	
	 CITIGROUP GLOBAL MARKETS INC.
 J.P. MORGAN SECURITIES INC.

		
	 By:
	 	 CITIGROUP GLOBAL MARKETS INC.

		
	 By:
	 	/s/    Robert Hong
	 	 	

	 	 	 Name:  Robert Hong

	 	 	 Title:    Managing Director

  

		
	 By:
	 	 J.P. MORGAN SECURITIES INC.

		
	 By:
	 	/s/    Mark Schneider
	 	 	

	 	 	 Name: Mark Schneider

	 	 	 Title:   Managing Director

  
 [Signature Page to
Registration Rights Agreement] 

 ANNEX A 
  
 Each Broker-Dealer that receives New Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in
connection with any resale of such New Securities. The Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a Broker-Dealer will not be deemed to admit that it is an “underwriter” within the meaning of the
Securities Act. This Prospectus, as it may be amended or supplemented from time to time, may be used by a Broker-Dealer in connection with resales of New Securities received in exchange for Securities where such Securities were acquired by such
Broker-Dealer as a result of market-making activities or other trading activities. The Company has agreed that, starting on the Expiration Date (as defined herein) and ending on the close of business one year after the Expiration Date, it will make
this Prospectus available to any Broker-Dealer for use in connection with any such resale. See “Plan of Distribution”. 
  

 A1 

 ANNEX B 
  
 Each Broker-Dealer that receives New Securities for its own account in exchange for Securities, where such Securities were acquired by such Broker-Dealer
as a result of market-making activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such New Securities. See “Plan of Distribution”. 
  

 B1 

 ANNEX C 
  
 PLAN OF DISTRIBUTION 
  
 Each Broker-Dealer that receives New Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in
connection with any resale of such New Securities. This Prospectus, as it may be amended or supplemented from time to time, may be used by a Broker-Dealer in connection with resales of New Securities received in exchange for Securities where such
Securities were acquired as a result of market-making activities or other trading activities. The Company has agreed that, starting on the Expiration Date and ending on the close of business one year after the Expiration Date, it will make this
Prospectus, as amended or supplemented, available to any Broker-Dealer for use in connection with any such resale. In addition, until             , 2003, all dealers effecting
transactions in the New Securities may be required to deliver a prospectus. 
  
 The Company will not receive any proceeds from any sale of New Securities by brokers-dealers. New Securities received by Broker-Dealers for their own account pursuant to the Exchange Offer may be sold from time to
time in one or more transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the New Securities or a combination of such methods of resale, at market prices prevailing at the time of resale, at
prices related to such prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions from any such
Broker-Dealer and/or the purchasers of any such New Securities. Any Broker-Dealer that resales New Securities that were received by it for its own account pursuant to the Exchange Offer and any broker or dealer that participates in a distribution of
such New Securities may be deemed to be an “underwriter” within the meaning of the Securities Act and any profit of any such resale of New Securities and any commissions or concessions received by any such Persons may be deemed to be
underwriting compensation under the Securities Act. The Letter of Transmittal states that by acknowledging that it will deliver and by delivering a prospectus, a Broker-Dealer will not be deemed to admit that it is an “underwriter” within
the meaning of the Securities Act. 
  
 For a period of one year
after the Expiration Date, the Company will promptly send additional copies of this Prospectus and any amendment or supplement to this Prospectus to any Broker-Dealer that requests such documents in the Letter of Transmittal. The Company has agreed
to pay all expenses incident to the Exchange Offer (including the expenses of one counsel for the holder of the Securities) other than commissions or concessions of any brokers or dealers and will indemnify the holders of the Securities (including
any Broker-Dealers) against certain liabilities, including liabilities under the Securities Act. 
  
 [If applicable, add information required by Regulation S-K Items 507 and/or 508.] 
  

 C1 

 ANNEX D 
  
 Rider A 
  
 CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO. 
  

	 Name:
	  	___________________
	 Address:
	  	___________________
	 	  	___________________

  
 Rider B 
  
 If the undersigned is not a Broker-Dealer, the undersigned represents that it acquired the
New Securities in the ordinary course of its business, it is not engaged in, and does not intend to engage in, a distribution of New Securities and it has not arrangements or understandings with any Person to participate in a distribution of the New
Securities. If the undersigned is a Broker-Dealer that will receive New Securities for its own account in exchange for Securities, it represents that the Securities to be exchange for New Securities were acquired by it as a result of market-making
activities or other trading activities and acknowledges that it will deliver a prospectus in connection with any resale of such New Securities; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit
that it is an “underwriter” within the meaning of the Securities Act. 
  

 D1 

 ANNEX E 
  
 WMC FINANCE (USA) LIMITED 
  
 (the “Company”) 
  
 INSTRUCTION TO DTC PARTICIPANTS 
  
 (Date of Mailing) 
  
 URGENT—IMMEDIATE ATTENTION REQUESTED 
  
 DEADLINE FOR RESPONSE: [DATE]* 
  
 The Depository Trust Company (“DTC”) has identified you as a DTC Participant through which beneficial interests in the Company’s
$[    ] [    ]% Guaranteed Notes due [    ] (the “Securities”) are held. 
  
 The Company is in the process of registering the Securities under the Securities Act of 1933 for resale by the beneficial owners thereof. In order to have their
Securities included in the registration statement, beneficial owners must complete and return the enclosed Notice of Registration Statement and Selling Securityholder Questionnaire. 
  
 It is important that beneficial owners of the Securities receive a copy of the enclosed materials as soon as possible as their rights
to have the Securities included in the registration statement as of the date and time such registration statement becomes or is declared effective by the Securities and Exchange Commission depend upon their returning the Notice and Questionnaire by
[Deadline For Response]. Please forward a copy of the enclosed documents to each beneficial owner that holds interests in the Securities through you. If you require more copies of the enclosed materials or have any questions pertaining to
this matter, 

	*	 	[Not less than 28 calendar days from date of mailing.] 

  

 E1 

 please contact WMC Finance (USA) Limited, 60 City Road, Southbank, Victoria, 3006, Australia, (0011)(61-3) 9685 6000.

  

 E2 

 WMC FINANCE (USA) LIMITED 
  
 (the “Company”) 
  
 Notice of Registration Statement and 
  
 Selling Securityholder Questionnaire  
  
 (Date) 
  
 Reference is hereby made to the Registration Rights Agreement (the “Registration Rights Agreement”) among the Company, WMC Resources Ltd, as Parent Guarantor, WMC (Olympic Dam Corporation) Pty Ltd, as
Subsidiary Guarantor, WMC Fertilizers Pty Ltd, as Subsidiary Guarantor (and, together with WMC Resources Ltd and WMC (Olympic Dam Corporation) Pty Ltd, the “Guarantors”) and the Initial Purchasers named therein. Pursuant to the
Registration Rights Agreement, the Company and the Guarantors have filed with the United States Securities and Exchange Commission (the “Commission”) a registration statement on Form [    ] (the “Shelf
Registration Statement”) for the registration and resale under Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”), of the Company’s $[    ] [    ]% Guaranteed Notes
due [    ] (the “Securities”). A copy of the Registration Rights Agreement is attached hereto. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Registration Rights
Agreement. 
  
 Each beneficial owner of Securities is entitled to have the
Securities beneficially owned by it included in the Shelf Registration Statement. In order to have Securities included in the Shelf Registration Statement, this Notice of Registration Statement and Selling Securityholder Questionnaire (“Notice
and Questionnaire”) must be completed, executed and delivered to the 
  

 E3 

 Company’s counsel at the address set forth herein for receipt ON OR BEFORE [Deadline for Response].
Beneficial owners of Securities who do not complete, execute and return this Notice and Questionnaire by such date (i) will not be named as selling securityholders in the Shelf Registration Statement and (ii) may not use the Prospectus forming a
part thereof for resales of Securities. 
  
 Certain legal consequences arise from
being named as a selling securityholder in the Shelf Registration Statement and related Prospectus. Accordingly, holders and beneficial owners of Securities are advised to consult their own securities law counsel regarding the consequences of being
named or not being named as a selling securityholder in the Shelf Registration Statement and related Prospectus. 
  

 E4 

 ELECTION 
  

The undersigned holder (the “Selling Securityholder”) of Securities hereby elects to include in the Shelf Registration Statement the Securities beneficially
owned by it and listed below in Item (3). The undersigned, by signing and returning this Notice and Questionnaire, agrees to be bound with respect to such Securities by the terms and conditions of this Notice and Questionnaire and the Registration
Rights Agreement, including, without limitation, Section 6 of the Registration Rights Agreement, as if the undersigned Selling Securityholder were an original party thereto. 
  
 Upon any sale of Securities pursuant to the Shelf Registration Statement, the Selling Securityholder will be required to deliver to the
Company and Trustee the Notice of Transfer set forth in Appendix A to the Prospectus and as Annex F to the Registration Rights Agreement. 
  
 THE SELLING SECURITYHOLDER HEREBY PROVIDES THE FOLLOWING INFORMATION TO THE COMPANY AND REPRESENTS AND WARRANTS THAT SUCH INFORMATION IS ACCURATE AND COMPLETE:

  

 E5 

 QUESTIONNAIRE 
  

	 (1)(a)
	  	Full Legal Name of Selling Securityholder:
		
	 	  	

	 (b)
	  	Full Legal Name of Registered Holder (if not the same as in (a) above) of Securities Listed in Item (3) below:
		
	 	  	

	 (c)
	  	Full Legal Name of DTC Participant (if applicable and if not the same as (b) above) Through Which Securities Listed in Item (3) below are Held:
		
	 	  	

			
	 (2)
	  	Address for Notices to Selling Securityholder:	  	 
				
	 	  	 	  	
	  	 
				
	 	  	 	  	
	  	 
				
	 	  	 	  	
	  	 
				
	 	  	 Telephone:
	  	
	  	 
				
	 	  	 Fax:
	  	
	  	 
				
	 	  	 Contact Person:
	  	
	  	 
		
	 (3)
	  	Beneficial Ownership of Securities:
		
	 	  	Except as set forth below in this Item (3), the undersigned does not beneficially own any Securities.
		
	 (a)
	  	Principal amount of Securities beneficially owned:
                                        
                    
	 	  	 CUSIP No(s). of such Securities:
                                        
                

		
	 (b)
	  	Principal amount of Securities other than Securities beneficially owned:
		
	 	  	

		
	 	  	CUSIP No(s). of such other Securities:
                                        
                                        
    
		
	 (c)
	  	Principal amount of Securities which the undersigned wishes to be included in the Shelf Registration Statement:
                                        
                    
		
	 	  	 CUSIP No(s). of such Securities to be included in the Shelf Registration Statement:

		
	 	  	

		
	 (4)
	  	Beneficial Ownership of Other Securities of the Company:
		
	 	  	Except as set forth below in this Item (4), the undersigned Selling Securityholder is not the beneficial or registered owner of any other securities of the Company,
other than the Securities listed above in Item (3).
		
	 	  	State any exceptions here:

  

 E6 

	(5)	 	Relationships with the Company: 

  
 Except as set forth below, neither the Selling Securityholder nor any of its affiliates, officers, directors or principal equity holders (5% or more)
has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years. 
  
 State any exceptions here: 
  

	(6)	 	Plan of Distribution: 

  
 Except as set forth below, the undersigned Selling Securityholder intends to distribute the Securities listed above in Item (3) only as follows (if at
all): Such Securities may be sold from time to time directly by the undersigned Selling Securityholder or, alternatively, through underwriters, broker-dealers or agents. Such Securities may be sold in one or more transactions at fixed prices, at
prevailing market prices at the time of sale, at varying prices determined at the time of sale, or at negotiated prices. Such sales may be effected in transactions (which may involve crosses or block transactions) (i) on any national securities
exchange or quotation service on which the Registered Securities may be listed or quoted at the time of sale, (ii) in the over-the-counter market, (iii) in transactions otherwise than on such exchanges or services or in the over-the-counter market,
or (iv) through the writing of options. In connection with sales of the Securities or otherwise, the Selling Securityholder may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the Securities in the
course of hedging the positions they assume. The Selling Securityholder may also sell Securities short and deliver Securities to close out such short positions, or loan or pledge Securities to broker-dealers that in turn may sell such securities.

  
 State any exceptions here: 
  
 By signing below, the Selling Securityholder acknowledges that it understands its obligation
to comply, and agrees that it will comply, with the provisions of the Exchange Act and the rules and regulations thereunder, particularly Regulation M. 
  
 In the event that the Selling Securityholder transfers all or any portion of the Securities listed in Item (3) above after the date on which such information is provided
to the Company, the Selling Securityholder agrees to notify the transferee(s) at the time of the transfer of its rights and obligations under this Notice and Questionnaire and the Registration Rights Agreement. 
  

 E7 

 By signing below, the Selling Securityholder consents to the disclosure of the information contained herein in its
answers to Items (1) through (7) above and the inclusion of such information in the Shelf Registration Statement and related Prospectus. The Selling Securityholder understands that such information will be relied upon by the Company and any
underwriters in an underwritten offering of such Selling Securityholders’ Securities listed in Item (3) above in connection with the preparation of the Shelf Registration Statement and related Prospectus. 
  
 In accordance with the Selling Securityholder’s obligation under Section 3(d) of the
Registration Rights Agreement to provide such information as may be required by law for inclusion in the Shelf Registration Statement, the Selling Securityholder agrees to promptly notify the Company of any inaccuracies or changes in the information
provided herein which may occur subsequent to the date hereof at any time while the Shelf Registration Statement remains in effect. All notices hereunder and pursuant to the Registration Rights Agreement shall be made in writing, by hand-delivery,
first-class mail, or air courier guaranteeing overnight delivery as follows: 
  
 (i) To the Company and the Guarantors: 
  

	 WMC Resources Group

	 60 City Road,

	 Southbank, Victoria, 3006,

	 Australia

	 [Attention: ]

  
 (ii) With a copy to: 
  

	  

	  

	  

	  

	  

  

 E8 

 Once this Notice and Questionnaire is executed by the Selling Securityholder and received by the Company’s counsel,
the terms of this Notice and Questionnaire, and the representations and warranties contained herein, shall be binding on, shall inure to the benefit of and shall be enforceable by the respective successors, heirs, personal representatives, and
assigns of the Company and the Selling Securityholder (with respect to the Securities beneficially owned by such Selling Securityholder and listed in Item (3) above. This Agreement shall be governed in all respects by the laws of the State of New
York. 
  

 E9 

 IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and Questionnaire to be executed and
delivered either in person or by its duly authorized agent. 
  
 Dated:                          
  
 
___________________                                     
    
 Selling Securityholder 
 (Print/type full legal name of beneficial owner of Securities) 
  
 By:
                                        

 Name: 
 Title: 
  
 PLEASE RETURN THE COMPLETED AND
EXECUTED NOTICE AND 
  
 QUESTIONNAIRE FOR RECEIPT ON OR BEFORE [DEADLINE FOR
RESPONSE] 
  
 TO THE COMPANY’S COUNSEL AT: 
  
 Sullivan & Cromwell  
 125 Broad Street  
 New York, New York 10004-2498  
 Attention: Mr. John E. Estes, Esq. 
  

 E10 

 ANNEX F 
  
 NOTICE OF TRANSFER PURSUANT TO REGISTRATION STATEMENT 
  
 The Bank of New York 
  
 WMC Finance (USA) Limited 
  
 c/o The Bank of New
York 
  
 [Address] 
  
 Attention: [            ] 
  
 Re: WMC Finance (USA) Limited (the “Company”) 
         $[            ]
[            ]% Guaranteed Notes due [            ] 
  
 Ladies and Gentlemen: 
  
 Please be advised that
                         has transferred
$                     aggregate principal amount of the above-referenced Securities pursuant to an effective Registration Statement on Form
[            ] (File No. 333-             ) filed by the Company. 
  
 We hereby certify that the prospectus delivery requirements, if any, of the Securities Act of
1933, as amended, have been satisfied and that the above-named beneficial owner of the Securities is named as a “Selling Holder” in the Prospectus dated [            ],
2003 or in supplements thereto, and that the aggregate principal amount of the Securities transferred are the Securities listed in such Prospectus opposite such owner’s name. 
  
 Dated:
                         
  

	 Very truly yours,

	
	

	 (Name)

		
	 By:
	 	  

	 	 	 (Authorized Signature)

  

 F1

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