Document:

New Gold Inc.: Exhibit 4.6 - Prepared by TNT Filings Inc.

Exhibit 4.6

NONOUALIFIED STOCK OPTION CONTRACT #179 

THIS NONQUALIFIED STOCK OPTION CONTRACT entered into as of February 13, 2006 (the “Contract”) between Western Goldfields, Inc, an Idaho corporation (the “Company”), and Karen Dietrich
(“Optionee”). 

	
1. 		
The Company, subject to the terms and conditions set forth herein, hereby grants to the Optionee an option to purchase an aggregate of 100,000 shares of common stock, par value $0.01 per share, of the Company (the
“Common Stock”) at an exercise price of $0.34 per share (the “Exercise Price”). This option is not intended to constitute an incentive stock option within the meaning of section 422 of the Internal Revenue Code of
1986, as amended (the “Code”).

	
	 	 
	
2. 		
The term of this option shall expire on February 12, 2013, subject to earlier termination as provided herein. This option shall vest and become exercisable as to all of the shares of Common Stock subject hereto upon the terms and
conditions set forth on Exhibit A attached hereto. Notwithstanding the foregoing, the Optionee may not exercise this option until the shareholders of the Company approve an amendment to the Company’s Articles of Incorporation (the
“Amendment”) at the 2006 annual meeting (the “2006 Annual Meeting”) increasing the number of authorized shares of Common Stock in an amount greater than 115,000,000 shares, subject to any other restrictions on exercise as set
forth in this Contract. In the event that the shareholders of the Company fail to approve the Amendment at the 2006 Annual Meeting, the Company shall pay to the Optionee an amount in cash equal to (i) the number of Options granted to the Optionee
pursuant to this Agreement multiplied by (ii) the closing price of the Common Stock on the trading day immediately preceding the date of exercise minus the Exercise Price.

	
	 	 
	
3. 		
Upon the termination of the Optionee’s employment with the Company for any reason other than his death or Disability (as defined in Paragraph 5), the Optionee may exercise such option, to the extent exercisable on the date of
such termination, at any time within three months after the date of termination, but not thereafter and in no event after the date this option would otherwise have expired; provided, however, that if the Optionee’s employment shall be
terminated either (a) for cause, or (b) without the consent of the Company, this option shall terminate immediately.

	
	 	 
	
4. 		
If the Optionee dies (a) while he is employed by the Company or any of its Subsidiaries, (b) within three months after the termination of his employment (unless such termination was for cause or without the consent of the Company)
or (c) within one year following the termination of his employment by reason of Disability, this option may be exercised, to the extent exercisable on the date of the Optionee’s death, by his executor, administrator or other person at the time
entitled by law to his rights under this option, at any time within one year after death, but not thereafter and in no event after the date this option would otherwise have expired.

	
	 	 
	
5. 		
If the Optionee’s employment terminates by reason of Disability, the Optionee may exercise this option, to the extent exercisable upon the effective date of such termination, at any time within one year after such date, but not thereafter and in no event after the date this option would otherwise have expired. The term “Disability” shall mean a permanent and total disability within the
meaning of Section 22(e)(3) of the Code.

	

	
6. 		
This option (or any part or installment thereof) shall be exercised by giving written notice to the Company at its then principal office, stating that the Optionee is exercising this option, (a) specifying the number of shares
being purchased and accompanied by payment in full of the aggregate purchase price therefor in cash or by certified check. Notwithstanding the foregoing, the purchase price may be paid by delivery by the Optionee of a properly executed notice,
together with a copy of his irrevocable instructions to a broker acceptable to the Company’s Board of Directors (the “Board”) to deliver promptly to the Company the amount of sale or loan proceeds sufficient to pay such
purchase price.

	
	 	 
	
7. 		
The Company may withhold cash and/or shares of Common Stock to be issued to the Optionee in the amount that the Company determines is necessary to satisfy its obligation to withhold taxes or other amounts incurred by reason of the
grant or exercise of this option or the disposition of the underlying shares of Common Stock. Alternatively, the Company may require the Optionee to pay the Company such amount in cash promptly upon demand.

	
	 	 
	
8. 		
This option and the exercisability thereof shall be subject to compliance with applicable securities laws. The Optionee hereby represents and warrants to the Company that, unless a registration statement under the Securities Act
of 1933, as amended (“Securities Act”) is effective and current at the time of exercise of this option, the shares of Common Stock to be issued upon the exercise of this option will be acquired by the Optionee for his or her own account,
for investment only and not with a view to the resale or distribution thereof. Any subsequent resale or distribution of shares of Common Stock by the Optionee shall be made only pursuant to (x) a registration statement under the Securities Act which
is effective and current with respect to the sale of shares of Common Stock being sold, or (y) a specific exemption from the registration requirements of the Securities Act, but in claiming such exemption, the Optionee shall, prior to any offer of
sale or sale of such shares of Common Stock, provide the Company (unless waived by the Company) with a favorable written opinion of counsel, in form and substance satisfactory to the Company, as to the applicability of such exemption to the proposed
sale or distribution. Such representations and warranties shall also be deemed to be made by the Optionee upon each exercise of this option. Nothing herein shall be construed as requiring the Company to register the shares subject to this option
under the Securities Act.

	
	 	 
	
9. 		
Notwithstanding anything herein to the contrary, if at any time the Board shall determine, in its discretion, that the listing or qualification of the shares of Common Stock subject to this option on any securities exchange or
under any applicable law, or the consent or approval of any governmental agency or regulatory body, is necessary or desirable as a condition to, or in connection with, the granting of an option or the issue of shares of Common Stock hereunder, this
option may not be exercised in whole or in part unless such listing,
qualification, consent or approval shall have been effected or obtained free of
any conditions not acceptable to the Board.

	

-2-

	
10. 		
The Company may affix appropriate legends upon the certificates for shares of Common Stock issued upon exercise of this option and may issue such “stop transfer” instructions to its transfer agent in respect of such
shares as it determines, in its discretion, to be necessary or appropriate to (a) prevent a violation of, or to perfect an exemption from, the registration requirements of the Securities Act, or (b) implement the provisions of this Contract or any
other agreement between the Company and the Optionee with respect to such shares of Common Stock. This option and the shares of Common Stock subject thereto shall be subject to such restrictions, including any lockup required by the Company’s
underwriters, as the Board may determine in its discretion.

	
	 	 
	
11. 		
Nothing herein shall confer upon the Optionee any right to continue in the employ of the Company or any of its Subsidiaries, or interfere in any way with any right of the Company or its Subsidiaries to terminate such employment at
any time for any reason whatsoever without liability to the Company or any of its Subsidiaries.

	
	 	 
	
12. 		
In the event of any change in the outstanding Common Stock by reason of a stock dividend, recapitalization, merger or consolidation in which the Company is the surviving corporation, split-up, spin-off, combination or exchange of
shares or the like, the aggregate number and kind of shares subject to this option and the Exercise Price thereof shall be appropriately adjusted by the Board, whose determination shall be conclusive.

	
	 	 
	
13. 		
The Optionee (by his or her acceptance of this option) represents and agrees that he or she will comply with all applicable laws relating to the grant and exercise of this option and the disposition of the shares of Common Stock
acquired upon exercise of this option, including, without limitation, federal and state securities and “blue sky” laws.

	
	 	 
	
14. 		
This option is not transferable by the Optionee otherwise than by will or the laws of descent and distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee or the Optionee’s legal
representatives.

	
	 	 
	
15. 		
This Contract shall be binding upon and inure to the benefit of any successor or assign of the Company and to any heir, distributee, executor, administrator or legal representative entitled to the Optionee’s rights
hereunder.

	
	 	 
	
16. 		
This Contract shall be governed by, and construed and enforced in accordance with, the laws of New York, without regard to the conflicts of law rules thereof.

	
	 	 
	
17. 		
The invalidity, illegality or unenforceability of any provision herein shall not affect the validity, legality or enforceability of any other provision.

	
	 	 
	
18. 		
The Company makes no representations and offers no advice regarding the tax consequences relating to the grant or exercise of this option.

	
	 	 
	
19. 		
This Contract may be executed in two counterpart copies of the entire document or of the signature pages hereto, each of which may be executed by either of the parties hereto, but
both of which, when taken together, shall constitute a single agreement binding upon both of the parties hereto. 

	

-3-

IN WITNESS WHEREOF, the parties hereto have executed this Contract as of the day and year first above written. 

  	

WESTERN GOLDFIELDS, INC.

By:__________________________

 Name: Brian Penny

 Title: CFO 

KAREN DIETRICH 

       

 

-4-

EXHIBIT A 

Vesting Schedule 

This Option shall become exercisable as follows: 

  
	
Number of Shares
		
 Vesting Date
	
	
33,333
		
February
13,
2006
	
	
33,333
		
February
13,
2007
	
	
33,334
		
February
13,
2008EXHIBIT 4.5 

FORM OF INDENTURE TO BE ENTERED INTO
BETWEEN
THE COMPANY AND A TRUSTEE TO BE NAMED 

GERON CORPORATION

------------------------

INDENTURE 

Dated as of _________, 20__

 

[Name of Trustee] 
Trustee 

TABLE OF CONTENTS 

	           
    	  	      	  		Page 
	ARTICLE I. DEFINITIONS AND INCORPORATION BY
      REFERENCE  		2  
		Section 1.1. 
    		Definitions 
    		2  
		Section 1.2.  		Other
      Definitions  		5  
		Section 1.3. 
    		Incorporation by Reference
      of Trust Indenture Act  		5  
		Section 1.4.  		Rules
      of Construction  		6  
	ARTICLE II. THE SECURITIES  		6  
		Section 2.1.  		Issuable in Series  		6  
		Section 2.2. 
    		Establishment of Terms of
      Series of Securities  		6  
		Section 2.3.  		Execution and Authentication  		8  
		Section 2.4. 
    		Registrar and Paying
      Agent  		9  
		Section 2.5.  		Paying Agent to Hold Money in Trust  		9  
		Section 2.6. 
    		Securityholder
      Lists  		9  
		Section 2.7.  		Transfer and Exchange  		10  
		Section 2.8. 
    		Mutilated, Destroyed, Lost
      and Stolen Securities  		10  
		Section 2.9.  		Outstanding Securities  		10  
		Section 2.10. 
    		Treasury
      Securities  		11  
		Section 2.11.  		Temporary Securities  		11  
		Section 2.12. 
    		Cancellation 
    		11  
		Section 2.13.  		Defaulted Interest  		11  
		Section 2.14. 
    		Global
      Securities  		12  
		Section 2.15.  		CUSIP
      Numbers  		13  
	ARTICLE III. REDEMPTION    		13  
		Section 3.1.  		Notice to Trustee  		13  
		Section 3.2. 
    		Selection of Securities to
      be Redeemed  		13  
		Section 3.3.  		Notice of Redemption  		13  
		Section 3.4. 
    		Effect of Notice of
      Redemption  		14  
		Section 3.5.  		Deposit of Redemption Price  		14  
		Section 3.6. 
    		Securities Redeemed in
      Part  		14  
	ARTICLE IV. COVENANTS    		14  
		Section 4.1. 
    		Payment of Principal and
      Interest  		14  
		Section 4.2.  		SEC
      Reports  		14  
		Section 4.3. 
    		Compliance
      Certificate  		14  
		Section 4.4.  	 	Stay,
      Extension and Usury Laws  		15  
		Section 4.5. 
    		Corporate
      Existence  		15  
		Section 4.6.  		Taxes  		15  
	ARTICLE V. SUCCESSORS    		15  
		Section 5.1.  		When
      Company May Merge, Etc.  		15  
		Section 5.2. 
    		Successor Corporation
      Substituted  		15  
	ARTICLE VI. DEFAULTS AND REMEDIES  		16  
		Section 6.1. 
    		Events of
      Default  		16  
		Section 6.2.  		Acceleration of Maturity; Rescission and
      Annulment  		17  
		Section 6.3. 
    		Collection of Indebtedness
      and Suits for Enforcement by Trustee  		18  
		Section 6.4.  		Trustee May File Proofs of Claim  		18  
	 	Section 6.5. 
    		Trustee May Enforce Claims
      Without Possession of Securities  		19  
		Section 6.6.  		Application of Money Collected  		19  
		Section 6.7. 
    		Limitation on
      Suits  		19  
		Section 6.8.  		Unconditional Right of Holders to Receive Principal and
      Interest  		20  
		Section 6.9. 
    		Restoration of Rights and
      Remedies  		20  
		Section 6.10.  		Rights and Remedies Cumulative  		20  
		Section 6.11. 
    		Delay or Omission Not
      Waiver  		20  
		Section 6.12.  		Control by Holders  		20  
		Section 6.13. 
    		Waiver of Past
      Defaults  		21  
		Section 6.14.  		Undertaking for Costs  		21  
	ARTICLE VII. TRUSTEE    		21  
		Section 7.1.  		Duties of Trustee  		21  
		Section 7.2. 
    		Rights of
      Trustee  		22 

	           
    	Section 7.3.  	      	Individual Rights of Trustee  	      	23  
		Section
      7.4.  		Trustee’s
      Disclaimer  		23 
    
		Section 7.5.  		Notice of Defaults  		23  
		Section
      7.6.  		Reports by
      Trustee to Holders  		23 
    
		Section 7.7.  		Compensation and Indemnity  		23  
		Section
      7.8.  		Replacement of
      Trustee  		24 
    
		Section 7.9.  		Successor Trustee by Merger, Etc.  		25  
		Section
      7.10.  		Eligibility;
      Disqualification  		25 
    
		Section 7.11.  		Preferential Collection of Claims Against Company  		25  
	ARTICLE VIII. SATISFACTION AND DISCHARGE; DEFEASANCE 
    		25 
    
		Section 8.1.  		Satisfaction and Discharge of Indenture  		25  
		Section
      8.2.  		Application of
      Trust Funds; Indemnification  		26 
    
		Section 8.3.  	 	Legal Defeasance of Securities of any Series  		26  
		Section
      8.4.  		Covenant
      Defeasance  		27 
    
	 	Section 8.5.  		Repayment to Company  		28  
		Section
      8.6.  		Reinstatement  		29 
    
	ARTICLE IX. AMENDMENTS AND WAIVERS  	 	29  
		Section
      9.1.  		Without Consent
      of Holders  		29 
    
		Section 9.2.  		With Consent of Holders  		29  
		Section
      9.3.  		Limitations  		30 
    
		Section 9.4.  		Compliance with Trust Indenture Act  		30  
		Section
      9.5.  		Revocation and
      Effect of Consents  		30 
    
		Section 9.6.  		Notation on or Exchange of Securities  		31  
		Section
      9.7.  		Trustee
      Protected  		31 
    
	ARTICLE X. MISCELLANEOUS  		31  
		Section
      10.1.  		Trust Indenture
      Act Controls  		31 
    
		Section 10.2.  		Notices  		31  
		Section
      10.3.  		Communication by
      Holders with Other Holders  		32 
    
		Section 10.4.  		Certificate and Opinion as to Conditions Precedent  		32  
		Section
      10.5.  		Statements
      Required in Certificate or Opinion  		32 
    
		Section 10.6.  		Rules by Trustee and Agents  		32  
		Section
      10.7.  		Legal
      Holidays  		32 
    
		Section 10.8.  		No Recourse Against Others  		32  
		Section
      10.9.  		Counterparts  		33 
    
		Section 10.10.  		Governing Laws  		33  
		Section
      10.11.  		No Adverse
      Interpretation of Other Agreements  		33 
    
		Section 10.12.  		Successors  		33  
		Section
      10.13.  		Severability  		33 
    
		Section 10.14.  		Table of Contents, Headings, Etc.  		33  
		Section
      10.15.  		Securities in a
      Foreign Currency or in ECU  		33 
    
		Section 10.16.  		Judgment Currency  		34  
	ARTICLE XI. SINKING FUNDS  		34 
    
		Section 11.1.  		Applicability of Article  		34  
		Section
      11.2.  		Satisfaction of
      Sinking Fund Payments with Securities  		35 
    
		Section 11.3.  		Redemption of Securities for Sinking Fund  		35  

GERON CORPORATION 

Reconciliation and tie between Trust
Indenture Act of 1939 and Indenture, dated as of _________, 20__

	Section
      310(a)(1)  		7.10 
    
	(a)(2)  		7.10 
    
	(a)(3)  		Not
      Applicable  
	(a)(4)  		Not
      Applicable  
	(a)(5)  		7.10 
    
	(b) 
    		7.10 
    
	Section
      311(a)  		7.11 
    
	(b) 
    		7.11 
    
	(c) 
    		Not
      Applicable  
	Section
      312(a)  		2.6 
    
	(b) 
    		10.3 
    
	(c) 
    		10.3 
    
	Section
      313(a)  		7.6 
    
	(b)(1)  		7.6 
    
	(b)(2)  		7.6 
    
	(c)(1)  		7.6 
    
	(d) 
    		7.6 
    
	Section
      314(a)  		4.2,
      10.5  
	(b) 
    		Not
      Applicable  
	(c)(1)  		10.4 
    
	(c)(2)  		10.4 
    
	(c)(3)  		Not
      Applicable  
	(d) 
    		Not
      Applicable  
	(e) 
    		10.5 
    
	(f) 
    		Not
      Applicable  
	Section
      315(a)  		7.1 
    
	(b) 
    		7.5 
    
	(c) 
    		7.1 
    
	(d) 
    		7.1 
    
	(e) 
    		6.14 
    
	Section
      316(a)  		2.10 
    
	(1)(A)  		6.12 
    
	(a)(1)(B)  		6.13 
    
	(b) 
    		6.8 
    
	Section
      317(a)(1)  		6.3 
    
	(a)(2)  		6.4 
    
	(b) 
    	 	2.5 
    
	Section 318(a)  		10.1 
    

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

1 

     Indenture
dated as of _________, 20__ between Geron Corporation, a Delaware corporation
(“Company”), and [Name of Trustee], a ________________ (“Trustee”).

     Each party
agrees as follows for the benefit of the other party and for the equal and
ratable benefit of the Holders of the Securities issued under this
Indenture.

ARTICLE I. 
DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.1. Definitions.

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

     “Affiliate”
of any specified person means any other person directly or indirectly
controlling or controlled by or under direct or indirect common control with
such specified person. For the purposes of this definition, “control”
(including, with correlative meanings, the terms “controlled by” and “under
common control with”), as used with respect to any person, shall mean the
possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such person, whether through the
ownership of voting securities or by agreement or otherwise. 

     “Agent” means any Registrar, Paying
Agent, Service Agent or authenticating agent.

     “Authorized
Newspaper” means a newspaper in an official language of the country of
publication customarily published at least once a day for at least five days in
each calendar week and of general circulation in the place in connection with
which the term is used. If it shall be impractical to make any publication of
any notice required hereby in an Authorized Newspaper, any publication or other
notice in lieu thereof that is made or given by the Trustee shall constitute a
sufficient publication of such notice.

     “Bearer” means anyone in possession
from time to time of a Bearer Security.

     “Bearer
Security” means any Security, including any interest coupon appertaining
thereto, that does not provide for the identification of the Holder
thereof.

     “Board of
Directors” means the Board of Directors of the Company or any duly authorized
committee thereof.

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

      “Business
Day” means, unless otherwise provided by Board Resolution, Officers’ Certificate
or supplemental indenture hereto for a particular Series, any day except a
Saturday, Sunday or a legal holiday in The City of New York or The City of San
Francisco on which banking institutions are authorized or required by law,
regulation or executive order to close.

     “Company”
means the party named as such above until a successor replaces it and thereafter
means the successor.

     “Company
Order” means a written order signed in the name of the Company by two Officers,
one of whom must be the Company’s chief executive officer, chief financial
officer or principal accounting officer.

2 

     “Company
Request” means a written request signed in the name of the Company by its
Chairman of the Board, a President or a Vice President, and by its Treasurer, an
Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to
the Trustee.

     “Corporate
Trust Office” means the office of the Trustee at which at any particular time
its corporate trust business shall be principally administered.

     “Debt” of
any person as of any date means, without duplication, all indebtedness of such
person in respect of borrowed money, including all interest, fees and expenses
owed in respect thereto (whether or not the recourse of the lender is to the
whole of the assets of such person or only to a portion thereof), or evidenced
by bonds, notes, debentures or similar instruments.

     “Default”
means any event which is, or after notice or passage of time would be, an Event
of Default.

     “Depository”
means, with respect to the Securities of any Series issuable or issued in whole
or in part in the form of one or more Global Securities, the person designated
as Depository for such Series by the Company, which Depository shall be a
clearing agency registered under the Exchange Act; and if at any time there is
more than one such person, “Depository” as used with respect to the Securities
of any Series shall mean the Depository with respect to the Securities of such
Series.

     “Discount
Security” means any Security that provides for an amount less than the stated
principal amount thereof to be due and payable upon declaration of acceleration
of the maturity thereof pursuant to Section 6.2.

     “Dollars” means the currency of The
United States of America.

     “ECU” means
the European Currency Unit as determined by the Commission of the European
Union.

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

     “Foreign
Currency” means any currency or currency unit issued by a government other than
the government of The United States of America.

      “Foreign
Government Obligations” means with respect to Securities of any Series that are
denominated in a Foreign Currency, (i) direct obligations of the government that
issued or caused to be issued such currency for the payment of which obligations
its full faith and credit is pledged or (ii) obligations of a person controlled
or supervised by or acting as an agency or instrumentality of such government
the timely payment of which is unconditionally guaranteed as a full faith and
credit obligation by such government, which, in either case under clauses (i) or
(ii), are not callable or redeemable at the option of the issuer
thereof.

     “Global
Security” or “Global Securities” means a Security or Securities, as the case may
be, in the form established pursuant to Section 2.2 evidencing all or part of a
Series of Securities, issued to the Depository for such Series or its nominee,
and registered in the name of such Depository or nominee.

     “Holder” or
“Securityholder” means a person in whose name a Security is registered or the
holder of a Bearer Security.

     “Indenture”
means this Indenture as amended from time to time and shall include the form and
terms of particular Series of Securities established as contemplated
hereunder.

     “interest”
with respect to any Discount Security which by its terms bears interest only
after Maturity, means interest payable after Maturity.

3 

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

     “Officer”
means the Chairman of the Board, any President, any Vice-President, the
Treasurer, the Secretary, any Assistant Treasurer or any Assistant Secretary of
the Company.

     “Officers’
Certificate” means a certificate signed by two Officers, one of whom must be the
Company’s principal executive officer, principal financial officer or principal
accounting officer.

     “Opinion of
Counsel” means a written opinion of legal counsel who is acceptable to the
Trustee. The counsel may be an employee of or counsel to the Company.

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

     “principal”
of a Security means the principal of the Security plus, when appropriate, the
premium, if any, on, and any Additional Amounts in respect of, the
Security.

     “Responsible
Officer” means any officer of the Trustee in its Corporate Trust Office and also
means, with respect to a particular corporate trust matter, any other officer to
whom any corporate trust matter is referred because of his or her knowledge of
and familiarity with a particular subject.

     “SEC” means the Securities and
Exchange Commission.

     “Securities”
means the debentures, notes or other debt instruments of the Company of any
Series authenticated and delivered under this Indenture.

     “Series” or
“Series of Securities” means each series of debentures, notes or other debt
instruments of the Company created pursuant to Sections 2.1 and 2.2
hereof.

     “Significant
Subsidiary” means (i) any direct or indirect Subsidiary of the Company that
would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of
Regulation S-X, promulgated pursuant to the Securities Act of 1933, as amended,
as such regulation is in effect on the date hereof, or (ii) any group of direct
or indirect Subsidiaries of the Company that, taken together as a group, would
be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation
S-X, promulgated pursuant to the Securities Act of 1933, as amended, as such
regulation is in effect on the date hereof.

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

     “Subsidiary”
of any specified person means any corporation of which at least a majority of
the outstanding stock having by the terms thereof ordinary voting power for the
election of directors of such corporation (irrespective of whether or not at the
time stock of any other class or classes of such corporation shall have or might
have voting power by reason of the happening of any contingency) is at the time
directly or indirectly owned by such person, or by one or more other
Subsidiaries, or by such person and one or more other Subsidiaries.

     “TIA” means
the Trust Indenture Act of 1939 (15 U.S. Code Sections 77aaa-77bbbb) as in
effect on the date of this Indenture; provided, however, that in the event the
Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the
extent required by any such amendment, the Trust Indenture Act as so
amended.

4 

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

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

Section 1.2. Other Definitions.

	TERM 	DEFINED IN SECTION 
	“Bankruptcy Law” 	6.1 
	“Custodian”  	6.1
  
	“Event of Default” 	6.1 
	“Journal”
    	10.15
  
	“Judgment Currency” 	10.16 
	“Legal
      Holiday” 	10.7
  
	“mandatory sinking fund payment” 	11.1 
	“Market Exchange
      Rate” 	10.15
  
	“New York Banking Day” 	10.16 
	“optional
      sinking fund payment” 	11.1
  
	“Paying Agent” 	2.4 
	“Registrar”  	2.4
  
	“Required Currency” 	10.16 
	“Service
      Agent” 	2.4
  
	“successor person” 	5.1 

Section 1.3. Incorporation by Reference
of Trust Indenture Act.

     Whenever
this Indenture refers to a provision of the TIA, the provision is incorporated
by reference in and made a part of this Indenture. The following TIA terms used
in this Indenture have the following meanings: 

     “Commission” means the SEC.

     “indenture securities” means the
Securities. 

     “indenture security holder” means a
Securityholder. 

     “indenture to be qualified” means
this Indenture. 

     “indenture trustee” or
“institutional trustee” means the Trustee. 

     “obligor” on
the indenture securities means the Company and any successor obligor upon the
Securities. 

5 

     All other
terms used in this Indenture that are defined by the TIA, defined by TIA
reference to another statute or defined by SEC rule under the TIA and not
otherwise defined herein are used herein as so defined.

Section 1.4. Rules of
Construction.

     Unless the context otherwise
requires: 

	     	(a)	a term has the meaning
      assigned to it;
		             
      	 
		(b)	an accounting term not
      otherwise defined has the meaning assigned to it in accordance with
      generally accepted accounting principles;
			 
		(c)	references to
      “generally accepted accounting principles” shall mean generally accepted
      accounting principles in effect as of the time when and for the period as
      to which such accounting principles are to be applied;
		   
		(d)	“or” is not
      exclusive;
		   
		(e)	words in the singular
      include the plural, and in the plural include the singular;
  and
		   
		(f)	provisions apply to
      successive events and transactions.

ARTICLE II. 
THE SECURITIES

Section 2.1. Issuable in Series.

     The
aggregate principal amount of Securities that may be authenticated and delivered
under this Indenture is unlimited. The Securities may be issued in one or more
Series. All Securities of a Series shall be identical except as may be set forth
in a Board Resolution, a supplemental indenture or an Officers’ Certificate
detailing the adoption of the terms thereof pursuant to the authority granted
under a Board Resolution. In the case of Securities of a Series to be issued
from time to time, the Board Resolution, Officers’ Certificate or supplemental
indenture may provide for the method by which specified terms (such as interest
rate, maturity date, record date or date from which interest shall accrue) are
to be determined. Securities may differ between Series in respect of any
matters, provided that all Series of Securities shall be equally and ratably
entitled to the benefits of the Indenture. 

Section 2.2. Establishment of Terms of
Series of Securities. 

     At or prior
to the issuance of any Securities within a Series, the following shall be
established (as to the Series generally, in the case of Subsection 2.2.1 and
either as to such Securities within the Series or as to the Series generally in
the case of Subsections 2.2.2 through 2.2.22) by a Board Resolution, a
supplemental indenture or an Officers’ Certificate pursuant to authority granted
under a Board Resolution: 

	     	2.2.1.	the title of the
      Series (which shall distinguish the Securities of that particular Series
      from the Securities of any other Series);
		             
      	
		2.2.2.	the price or prices
      (expressed as a percentage of the principal amount thereof) at which the
      Securities of the Series will be issued;
		 
		2.2.3.	any limit upon the
      aggregate principal amount of the Securities of the Series which may be
      authenticated and delivered under this Indenture (except for Securities
      authenticated and delivered upon registration of transfer of, or in
      exchange for, or in lieu of, other Securities of the Series pursuant to
      Section 2.7, 2.8, 2.11, 3.6 or 9.6);
		 
		2.2.4.	the date or dates on
      which the principal of the Securities of the Series is
  payable;

6 

	     	2.2.5.	the rate or rates
      (which may be fixed or variable) per annum or, if applicable, the method
      used to determine such rate or rates (including, but not limited to, any
      commodity, commodity index, stock exchange index or financial index) at
      which the Securities of the Series shall bear interest, if any, the date
      or dates from which such interest, if any, shall accrue, the date or dates
      on which such interest, if any, shall commence and be payable and any
      regular record date for the interest payable on any interest payment
      date;
		             
      	 
		2.2.6.	the place or places
      where the principal of and interest, if any, on the Securities of the
      Series shall be payable, or the method of such payment, if by wire
      transfer, mail or other means;
		 
		2.2.7.	if applicable, the
      period or periods within which, the price or prices at which and the terms
      and conditions upon which the Securities of the Series may be redeemed, in
      whole or in part, at the option of the Company;
		 
		2.2.8.	the obligation, if
      any, of the Company to redeem or purchase the Securities of the Series
      pursuant to any sinking fund or analogous provisions or at the option of a
      Holder thereof and the period or periods within which, the price or prices
      at which and the terms and conditions upon which Securities of the Series
      shall be redeemed or purchased, in whole or in part, pursuant to such
      obligation;
		 
		2.2.9.	the dates, if any, on
      which and the price or prices at which the Securities of the Series will
      be repurchased by the Company at the option of the Holders thereof and
      other detailed terms and provisions of such repurchase
    obligations;
		 
		2.2.10.	if other than
      denominations of $1,000 and any integral multiple thereof, the
      denominations in which the Securities of the Series shall be
      issuable;
		 
		2.2.11.	the forms of the
      Securities of the Series in bearer or fully registered form (and, if in
      fully registered form, whether the Securities will be issuable as Global
      Securities);
		 
		2.2.12.	if other than the
      principal amount thereof, the portion of the principal amount of the
      Securities of the Series that shall be payable upon declaration of
      acceleration of the maturity thereof pursuant to Section 6.2;
		 
		2.2.13.	the currency of
      denomination of the Securities of the Series, which may be Dollars or any
      Foreign Currency, including, but not limited to, the ECU, and if such
      currency of denomination is a composite currency other than the ECU, the
      agency or organization, if any, responsible for overseeing such composite
      currency;
		 
		2.2.14.	the designation of the
      currency, currencies or currency units in which payment of the principal
      of and interest, if any, on the Securities of the Series will be
      made;
		 
		2.2.15.	if payments of
      principal of or interest, if any, on the Securities of the Series are to
      be made in one or more currencies or currency units other than that or
      those in which such Securities are denominated, the manner in which the
      exchange rate with respect to such payments will be
  determined;
		 
		2.2.16.	the manner in which
      the amounts of payment of principal of or interest, if any, on the
      Securities of the Series will be determined, if such amounts may be
      determined by reference to an index based on a currency or currencies or
      by reference to a commodity, commodity index, stock exchange index or
      financial index;
		 
		2.2.17.	the provisions, if
      any, relating to any security provided for the Securities of the
      Series;

7 

	     	2.2.18.	if the holders of
      Securities of the Series may convert or exchange the Securities into or
      for securities of the Issuer or of other entities or other property, the
      period or periods within which, the rate or rates at which and the terms
      and conditions upon which Securities of the Series may be converted or
      exchanged, in whole or in part;
		             
      	 
		2.2.19.	any addition to or
      change in the Events of Default which applies to any Securities of the
      Series and any change in the right of the Trustee or the requisite Holders
      of such Securities to declare the principal amount thereof due and payable
      pursuant to Section 6.2;
		 
		2.2.20.	any addition to or
      change in the covenants set forth in Articles IV or V which applies to
      Securities of the Series;
		 
		2.2.21.	any other terms of the
      Securities of the Series (which terms shall not be inconsistent with the
      provisions of this Indenture, except as permitted by Section 9.1, but
      which may modify or delete any provision of this Indenture insofar as it
      applies to such Series); and
		 
		2.2.22.	any depositories,
      interest rate calculation agents, exchange rate calculation agents or
      other agents with respect to Securities of such Series if other than those
      appointed herein.

     All
Securities of any one Series need not be issued at the same time and may be
issued from time to time, consistent with the terms of this Indenture, if so
provided by or pursuant to the Board Resolution, supplemental indenture or
Officers’ Certificate referred to above, and the authorized principal amount of
any Series may not be increased to provide for issuances of additional
Securities of such Series, unless otherwise provided in such Board Resolution,
supplemental indenture or Officers’ Certificate.

Section 2.3. Execution and
Authentication.

     Two Officers shall sign the
Securities for the Company by manual or facsimile signature.

     If an
Officer whose signature is on a Security no longer holds that office at the time
the Security is authenticated, the Security shall nevertheless be
valid.

     A Security
shall not be valid until authenticated by the manual signature of the Trustee or
an authenticating agent. The signature shall be conclusive evidence that the
Security has been authenticated under this Indenture.

     The Trustee
shall at any time, and from time to time, authenticate Securities for original
issue in the principal amount provided in the Board Resolution, supplemental
indenture hereto or Officers’ Certificate, upon receipt by the Trustee of a
Company Order. Such Company Order may authorize authentication and delivery
pursuant to oral or electronic instructions from the Company or its duly
authorized agent or agents, which oral instructions shall be promptly confirmed
in writing. Each Security shall be dated the date of its authentication unless
otherwise provided by a Board Resolution, a supplemental indenture hereto or an
Officers’ Certificate.

     The
aggregate principal amount of Securities of any Series outstanding at any time
may not exceed any limit upon the maximum principal amount for such Series set
forth in the Board Resolution, supplemental indenture hereto or Officers’
Certificate delivered pursuant to Section 2.2, except as provided in Section
2.8.

     Prior to the
issuance of Securities of any Series, the Trustee shall have received and
(subject to Section 7.2) shall be fully protected in relying on: (a) the Board
Resolution, supplemental indenture hereto or Officers’ Certificate establishing
the form of the Securities of that Series or of Securities within that Series
and the terms of the Securities of that Series or of Securities within that
Series, (b) an Officers’ Certificate complying with Section 10.4, and (c) an
Opinion of Counsel complying with Section 10.4.

     The Trustee
shall have the right to decline to authenticate and deliver any Securities of
such Series: (a) if the Trustee, being advised by counsel, determines that such
action may not lawfully be taken; or (b) if the Trustee in good faith by its
board of directors or trustees, executive committee or a trust committee of
directors and/or vice-presidents shall determine that such action would expose
the Trustee to personal liability to Holders of any then outstanding Series of
Securities.

8 

     The Trustee
may appoint an authenticating agent acceptable to the Company to authenticate
Securities. An authenticating agent may authenticate Securities whenever the
Trustee may do so. Each reference in this Indenture to authentication by the
Trustee includes authentication by such agent. An authenticating agent has the
same rights as an Agent to deal with the Company or an Affiliate. 

Section 2.4. Registrar and Paying
Agent.

     The Company
shall maintain, with respect to each Series of Securities, at the place or
places specified with respect to such Series pursuant to Section 2.2, an office
or agency where Securities of such Series may be presented or surrendered for
payment (“Paying Agent”), where Securities of such Series may be surrendered for
registration of transfer or exchange (“Registrar”) and where notices and demands
to or upon the Company in respect of the Securities of such Series and this
Indenture may be served (“Service Agent”). The Registrar shall keep a register
with respect to each Series of Securities and to their transfer and exchange.
The Company will give prompt written notice to the Trustee of the name and
address, and any change in the name or address, of each Registrar, Paying Agent
or Service Agent. If at any time the Company shall fail to maintain any such
required Registrar, Paying Agent or Service Agent or shall fail to furnish the
Trustee with the name and address thereof, such presentations, surrenders,
notices and demands may be made or served at the Corporate Trust Office of the
Trustee, and the Company hereby appoints the Trustee as its agent to receive all
such presentations, surrenders, notices and demands.

     The Company
may also from time to time designate one or more co-registrars, additional
paying agents or additional service agents and may from time to time rescind
such designations; provided, however, that no such designation or rescission
shall in any manner relieve the Company of its obligations to maintain a
Registrar, Paying Agent and Service Agent in each place so specified pursuant to
Section 2.2 for Securities of any Series for such purposes. The Company will
give prompt written notice to the Trustee of any such designation or rescission
and of any change in the name or address of any such co-registrar, additional
paying agent or additional service agent. The term “Registrar” includes any
co-registrar; the term “Paying Agent” includes any additional paying agent; and
the term “Service Agent” includes any additional service agent.

     The Company
hereby appoints the Trustee the initial Registrar, Paying Agent and Service
Agent for each Series unless another Registrar, Paying Agent or Service Agent,
as the case may be, is appointed prior to the time Securities of that Series are
first issued.

Section 2.5. Paying Agent to Hold Money
in Trust.

     The Company
shall require each Paying Agent other than the Trustee to agree in writing that
the Paying Agent will hold in trust, for the benefit of Securityholders of any
Series of Securities, or the Trustee, all money held by the Paying Agent for the
payment of principal of or interest on the Series of Securities, and will notify
the Trustee of any default by the Company in making any such payment. While any
such default continues, the Trustee may require a Paying Agent to pay all money
held by it to the Trustee. The Company at any time may require a Paying Agent to
pay all money held by it to the Trustee. Upon payment over to the Trustee, the
Paying Agent (if other than the Company or a Subsidiary) shall have no further
liability for the money. If the Company or a Subsidiary acts as Paying Agent, it
shall segregate and hold in a separate trust fund for the benefit of
Securityholders of any Series of Securities all money held by it as Paying
Agent.

Section 2.6. Securityholder
Lists.

     The Trustee
shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of Securityholders of each
Series of Securities and shall otherwise comply with TIA Section 312(a). If the
Trustee is not the Registrar, the Company shall furnish to the Trustee at least
ten days before each interest payment date and at such other times as the
Trustee may request in writing a list, in such form and as of such date as the
Trustee may reasonably require, of the names and addresses of Securityholders of
each Series of Securities.

9 

Section 2.7. Transfer and
Exchange.

     Where
Securities of a Series are presented to the Registrar or a co-registrar with a
request to register a transfer or to exchange them for an equal principal amount
of Securities of the same Series, the Registrar shall register the transfer or
make the exchange if its requirements for such transactions are met. To permit
registrations of transfers and exchanges, the Trustee shall authenticate
Securities at the Registrar’s request. No service charge shall be made for any
registration of transfer or exchange (except as otherwise expressly permitted
herein), but the Company may require payment of a sum sufficient to cover any
transfer tax or similar governmental charge payable in connection therewith
(other than any such transfer tax or similar governmental charge payable upon
exchanges pursuant to Sections 2.11, 3.6 or 9.6).

     Neither the
Company nor the Registrar shall be required (a) to issue, register the transfer
of, or exchange Securities of any Series for the period beginning at the opening
of business fifteen days immediately preceding the mailing of a notice of
redemption of Securities of that Series selected for redemption and ending at
the close of business on the day of such mailing, or (b) to register the
transfer of or exchange Securities of any Series selected, called or being
called for redemption as a whole or the portion being redeemed of any such
Securities selected, called or being called for redemption in part.

Section 2.8. Mutilated, Destroyed, Lost
and Stolen Securities.

     If any
mutilated Security is surrendered to the Trustee, the Company shall execute and
the Trustee shall authenticate and deliver in exchange therefor a new Security
of the same Series and of like tenor and principal amount and bearing a number
not contemporaneously outstanding.

     If there
shall be delivered to the Company and the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Security and (ii) such
security or indemnity as may be required by them to save each of them and any
agent of either of them harmless, then, in the absence of notice to the Company
or the Trustee that such Security has been acquired by a bona fide purchaser,
the Company shall execute and upon its request the Trustee shall authenticate
and make available for delivery, in lieu of any such destroyed, lost or stolen
Security, a new Security of the same Series and of like tenor and principal
amount and bearing a number not contemporaneously outstanding.

     In case any
such mutilated, destroyed, lost or stolen Security has become or is about to
become due and payable, the Company in its discretion may, instead of issuing a
new Security, pay such Security.

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

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

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

Section 2.9. Outstanding
Securities.

     The
Securities outstanding at any time are all the Securities authenticated by the
Trustee except for those canceled by it, those delivered to it for cancellation,
those reductions in the interest on a Global Security effected by the Trustee in
accordance with the provisions hereof and those described in this Section as not
outstanding.

10 

     If a
Security is replaced pursuant to Section 2.8, it ceases to be outstanding until
the Trustee receives proof satisfactory to it that the replaced Security is held
by a bona fide purchaser.

     If the
Paying Agent (other than the Company, a Subsidiary or an Affiliate of any
thereof) holds on the Maturity of Securities of a Series money sufficient to pay
such Securities payable on that date, then on and after that date such
Securities of the Series cease to be outstanding and interest on them ceases to
accrue.

     A Security
does not cease to be outstanding because the Company or an Affiliate holds the
Security.

     In
determining whether the Holders of the requisite principal amount of outstanding
Securities have given any request, demand, authorization, direction, notice,
consent or waiver hereunder, the principal amount of a Discount Security that
shall be deemed to be outstanding for such purposes shall be the amount of the
principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the Maturity thereof
pursuant to Section 6.2.

Section 2.10. Treasury
Securities.

     In
determining whether the Holders of the required principal amount of Securities
of a Series have concurred in any request, demand, authorization, direction,
notice, consent or waiver Securities of a Series owned by the Company or an
Affiliate shall be disregarded, except that for the purposes of determining
whether the Trustee shall be protected in relying on any such request, demand,
authorization, direction, notice, consent or waiver only Securities of a Series
that the Trustee knows are so owned shall be so disregarded.

Section 2.11. Temporary
Securities.

     Until
definitive Securities are ready for delivery, the Company may prepare and the
Trustee shall authenticate temporary Securities upon a Company Order. Temporary
Securities shall be substantially in the form of definitive Securities but may
have variations that the Company considers appropriate for temporary Securities.
Without unreasonable delay, the Company shall prepare and the Trustee upon
request shall authenticate definitive Securities of the same Series and date of
maturity in exchange for temporary Securities. Until so exchanged, temporary
Securities shall have the same rights under this Indenture as the definitive
Securities.

Section 2.12.
Cancellation.

     The Company
at any time may deliver Securities to the Trustee for cancellation. The
Registrar and the Paying Agent shall forward to the Trustee any Securities
surrendered to them for registration of transfer, exchange or payment. The
Trustee shall cancel all Securities surrendered for transfer, exchange, payment,
replacement or cancellation and shall destroy such canceled Securities (subject
to the record retention requirement of the Exchange Act) and deliver a
certificate of such destruction to the Company, unless the Company otherwise
directs. The Company may not issue new Securities to replace Securities that it
has paid or delivered to the Trustee for cancellation.

Section 2.13. Defaulted
Interest.

     If the
Company defaults in a payment of interest on a Series of Securities, it shall
pay the defaulted interest, plus, to the extent permitted by law, any interest
payable on the defaulted interest, to the persons who are Securityholders of the
Series on a subsequent special record date. The Company shall fix the record
date and payment date. At least 30 days before the record date, the Company
shall mail to the Trustee and to each Securityholder of the Series a notice that
states the record date, the payment date and the amount of interest to be paid.
The Company may pay defaulted interest in any other lawful manner.

11 

Section 2.14. Global
Securities.

	     	2.14.1.	Terms of
      Securities. A Board Resolution, a
      supplemental indenture hereto or an Officers’ Certificate shall establish
      whether the Securities of a Series shall be issued in whole or in part in
      the form of one or more Global Securities and the Depository for such
      Global Security or Securities.
		             
      	 
		2.14.2.	Transfer and
      Exchange. Notwithstanding any
      provisions to the contrary contained in Section 2.7 of the Indenture and
      in addition thereto, any Global Security shall be exchangeable pursuant to
      Section 2.7 of the Indenture for Securities registered in the names of
      Holders other than the Depository for such Security or its nominee only if
      (i) such Depository notifies the Company that it is unwilling or unable to
      continue as Depository for such Global Security or if at any time such
      Depository ceases to be a clearing agency registered under the Exchange
      Act, and, in either case, the Company fails to appoint a successor
      Depository within 90 days of such event, (ii) the Company executes and
      delivers to the Trustee an Officers’ Certificate to the effect that such
      Global Security shall be so exchangeable or (iii) an Event of Default with
      respect to the Securities represented by such Global Security shall have
      happened and be continuing. Any Global Security that is exchangeable
      pursuant to the preceding sentence shall be exchangeable for Securities
      registered in such names as the Depository shall direct in writing in an
      aggregate principal amount equal to the principal amount of the Global
      Security with like tenor and terms.
		   
			Except as provided in
      this Section 2.14.2, a Global Security may not be transferred except as a
      whole by the Depository with respect to such Global Security to a nominee
      of such Depository, by a nominee of such Depository to such Depository or
      another nominee of such Depository or by the Depository or any such
      nominee to a successor Depository or a nominee of such a successor
      Depository.
		 
		2.14.3.	Legend. Unless otherwise
      provided pursuant to Section 2.2, any Global Security issued hereunder
      shall bear a legend in substantially the following form:
		  
			“This Security is a
      Global Security within the meaning of the Indenture hereinafter referred
      to and is registered in the name of the Depository or a nominee of the
      Depository. This Security is exchangeable for Securities registered in the
      name of a person other than the Depository or its nominee only in the
      limited circumstances described in the Indenture, and may not be
      transferred except as a whole by the Depository to a nominee of the
      Depository, by a nominee of the Depository to the Depository or another
      nominee of the Depository or by the Depository or any such nominee to a
      successor Depository or a nominee of such a successor
    Depository.”
		  
		2.14.4.	Acts of
      Holders. The Depository, as a Holder,
      may appoint agents and otherwise authorize participants to give or take
      any request, demand, authorization, direction, notice, consent, waiver or
      other action which a Holder is entitled to give or take under the
      Indenture.
		  
		2.14.5.	Payments. Notwithstanding the
      other provisions of this Indenture, unless otherwise specified as
      contemplated by Section 2.2, payment of the principal of, premium, if any,
      and interest, if any, on any Global Security shall be made to the Holder
      thereof.
		  
		2.14.6.	Consents,
      Declaration and Directions. Except as
      provided in Section 2.14.5, the Company, the Trustee and any Agent shall
      treat a person as the Holder of such principal amount of outstanding
      Securities of such Series represented by a Global Security as shall be
      specified in a written statement of the Depository with respect to such
      Global Security, for purposes of obtaining any consents, declarations,
      waivers or directions required to be given by the Holders pursuant to this
      Indenture.

12 

Section 2.15. CUSIP
Numbers.

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

ARTICLE III. 
REDEMPTION

Section 3.1. Notice to
Trustee.

     The Company
may, with respect to any Series of Securities, reserve the right to redeem and
pay the Series of Securities or may covenant to redeem and pay the Series of
Securities or any part thereof prior to the Stated Maturity thereof at such time
and on such terms as provided for in such Securities. If a Series of Securities
is redeemable and the Company wants or is obligated to redeem prior to the
Stated Maturity thereof all or part of the Series of Securities pursuant to the
terms of such Securities, it shall notify the Trustee of the redemption date and
the principal amount of Series of Securities to be redeemed. The Company shall
give the notice at least 45 days before the redemption date (or such shorter
notice as may be acceptable to the Trustee).

Section 3.2. Selection of Securities to
be Redeemed.

     Unless
otherwise indicated for a particular Series by a Board Resolution, a
supplemental indenture or an Officers’ Certificate, if less than all the
Securities of a Series are to be redeemed, the Trustee shall select the
Securities of the Series to be redeemed in any manner that the Trustee deems
fair and appropriate. The Trustee shall make the selection from Securities of
the Series outstanding not previously called for redemption. The Trustee may
select for redemption portions of the principal of Securities of the Series that
have denominations larger than $1,000. Securities of the Series and portions of
them it selects shall be in amounts of $1,000 or whole multiples of $1,000 or,
with respect to Securities of any Series issuable in other denominations
pursuant to Section 2.2.10, the minimum principal denomination for each Series
and integral multiples thereof. Provisions of this Indenture that apply to
Securities of a Series called for redemption also apply to portions of
Securities of that Series called for redemption. 

Section 3.3. Notice of
Redemption.

     Unless
otherwise indicated for a particular Series by a Board Resolution, a
supplemental indenture hereto or an Officers’ Certificate, at least 30 days but
not more than 60 days before a redemption date, the Company shall mail a notice
of redemption by first-class mail to each Holder whose Securities are to be
redeemed and if any Bearer Securities are outstanding, publish on one occasion a
notice in an Authorized Newspaper.

     The notice shall identify the
Securities of the Series to be redeemed and shall state:

	     	(a)	the redemption
      date;
		             
      	 
		(b)	the redemption
      price;
		  
		(c)	the name and address
      of the Paying Agent;
		  
		(d)	that Securities of the
      Series called for redemption must be surrendered to the Paying Agent to
      collect the redemption price;

13 

		(e)	that interest on Securities of the
      Series called for redemption ceases to accrue on and after the redemption
      date; and
	       	             
      	
		(f)	any other information as may be
      required by the terms of the particular Series or the Securities of a
      Series being redeemed.

     At the
Company’s request, the Trustee shall give the notice of redemption in the
Company’s name and at its expense.

Section 3.4. Effect of Notice of
Redemption.

     Once notice
of redemption is mailed or published as provided in Section 3.3, Securities of a
Series called for redemption become due and payable on the redemption date and
at the redemption price. A notice of redemption may not be conditional. Upon
surrender to the Paying Agent, such Securities shall be paid at the redemption
price plus accrued interest to the redemption date.

Section 3.5. Deposit of Redemption
Price.

     On or before
the redemption date, the Company shall deposit with the Paying Agent money
sufficient to pay the redemption price of and accrued interest, if any, on all
Securities to be redeemed on that date.

Section 3.6. Securities Redeemed in
Part.

     Upon
surrender of a Security that is redeemed in part, the Trustee shall authenticate
for the Holder a new Security of the same Series and the same Maturity equal in
principal amount to the unredeemed portion of the Security
surrendered.

ARTICLE
IV.
COVENANTS

Section 4.1. Payment of Principal and
Interest.

     The Company
covenants and agrees for the benefit of the Holders of each Series of Securities
that it will duly and punctually pay the principal of and interest, if any, on
the Securities of that Series in accordance with the terms of such Securities
and this Indenture.

Section 4.2. SEC
Reports.

     The Company
shall deliver to the Trustee within 15 days after it files them with the SEC
copies of the annual reports and of the information, documents, and other
reports (or copies of such portions of any of the foregoing as the SEC may by
rules and regulations prescribe) which the Company is required to file with the
SEC pursuant to Section 13 or 15(d) of the Exchange Act. The Company also shall
comply with the other provisions of TIA Section 314(a).

Section 4.3. Compliance
Certificate.

     The Company
shall deliver to the Trustee, within 90 days after the end of each fiscal year
of the Company, an Officers’ Certificate stating that a review of the activities
of the Company and its Subsidiaries during the preceding fiscal year has been
made under the supervision of the signing Officers with a view to determining
whether the Company has kept, observed, performed and fulfilled its obligations
under this Indenture, and further stating, as to each such Officer signing such
certificate, that to the best of his knowledge the Company has kept, observed,
performed and fulfilled each and every covenant contained in this Indenture and
is not in default in the performance or observance of any of the terms,
provisions and conditions hereof (or, if a Default or Event of Default shall
have occurred, describing all such Defaults or Events of Default of which he may
have knowledge).

14 

     The Company
will, so long as any of the Securities are outstanding, deliver to the Trustee,
forthwith upon becoming aware of any Default or Event of Default, an Officers’
Certificate specifying such Default or Event of Default and what action the
Company is taking or proposes to take with respect thereto.

Section 4.4. Stay, Extension and Usury
Laws.

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

Section 4.5. Corporate
Existence.

     Subject to
Article V, the Company will do or cause to be done all things necessary to
preserve and keep in full force and effect its corporate existence and the
corporate, partnership or other existence of each Significant Subsidiary in
accordance with the respective organizational documents of each Significant
Subsidiary and the rights (charter and statutory), licenses and franchises of
the Company and its Significant Subsidiaries; provided, however, that the
Company shall not be required to preserve any such right, license or franchise,
or the corporate, partnership or other existence of any Significant Subsidiary,
if the Board of Directors shall determine that the preservation thereof is no
longer desirable in the conduct of the business of the Company and its
Subsidiaries taken as a whole and that the loss thereof is not adverse in any
material respect to the Holders.

Section 4.6. Taxes.

     The Company
shall, and shall cause each of its Significant Subsidiaries to, pay prior to
delinquency all taxes, assessments and governmental levies, except as contested
in good faith and by appropriate proceedings.

ARTICLE V.
SUCCESSORS

Section 5.1. When Company May Merge,
Etc.

     The Company
shall not consolidate with or merge into, or convey, transfer or lease all or
substantially all of its properties and assets to, any person (a “successor
person”), and may not permit any person to merge into, or convey, transfer or
lease its properties and assets substantially as an entirety to, the Company,
unless:

		(a)
             
      	the successor person (if any) is
      a corporation, partnership, trust or other entity organized and validly
      existing under the laws of any U.S. domestic jurisdiction and expressly
      assumes the Company’s obligations on the Securities and under this
      Indenture and
	      
    	 
		(b)	immediately after giving effect
      to the transaction, no Default or Event of Default, shall have occurred
      and be continuing.

     The Company
shall deliver to the Trustee prior to the consummation of the proposed
transaction an Officers’ Certificate to the foregoing effect and an Opinion of
Counsel stating that the proposed transaction and such supplemental indenture
comply with this Indenture. 

Section 5.2. Successor Corporation
Substituted.

     Upon any
consolidation or merger, or any sale, lease, conveyance or other disposition of
all or substantially all of the assets of the Company in accordance with Section
5.1, the successor corporation formed by such
consolidation or into or with which the Company is merged or to which such sale,
lease, conveyance or other disposition is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under
this Indenture with the same effect as if such successor person has been named
as the Company herein; provided, however, that the predecessor Company in the
case of a sale, lease, conveyance or other disposition shall not be released
from the obligation to pay the principal of and interest, if any, on the
Securities.

15 

ARTICLE VI.
DEFAULTS AND
REMEDIES

Section 6.1. Events of
Default.

     “Event of
Default,” wherever used herein with respect to Securities of any Series, means
any one of the following events, unless in the establishing Board Resolution,
supplemental indenture or Officers’ Certificate, it is provided that such Series
shall not have the benefit of said Event of Default:

		(a)
             
      	default in
      the payment of any interest on any Security of that Series when it becomes
      due and payable, and continuance of such default for a period of 30 days
      (unless the entire amount of such payment is deposited by the Company with
      the Trustee or with a Paying Agent prior to the expiration of such period
      of 30 days); or
	       	 
		(b)	default in
      the payment of the principal of any Security of that Series at its
      Maturity; or
		 
		(c)	default in
      the deposit of any sinking fund payment, when and as due in respect of any
      Security of that Series; or
		 
		(d)	default in
      the performance or breach of any covenant or warranty of the Company in
      this Indenture (other than a covenant or warranty that has been included
      in this Indenture solely for the benefit of Series of Securities other
      than that Series), which default continues uncured for a period of 60 days
      after there has been given, by registered or certified mail, to the
      Company by the Trustee or to the Company and the Trustee by the Holders of
      at least 25% in principal amount of the outstanding Securities of that
      Series a written notice specifying such default or breach requiring it to
      be remedied and stating that such notice is a Notice of Default”
      hereunder; or
		 
		(e)	the Company
      or any of its Significant Subsidiaries pursuant to or within the meaning
      of any Bankruptcy Law:
		 
		 	(i)	commences a voluntary
      case,
		 
		 	(ii)	consents to the entry
      of an order for relief against it in an involuntary case,
		 
		 	(iii)	consents to the
      appointment of a Custodian of it or for all or substantially all of its
      property,
		 
		 	(iv)	makes a general
      assignment for the benefit of its creditors, or
		 
		 	(v)	generally is unable to
      pay its debts as the same become due; or
		 
		(f)	a court of
      competent jurisdiction enters an order or decree under any Bankruptcy Law
      that:
		 
		 	(i)	is for relief against
      the Company or any of its Significant Subsidiaries in an involuntary
      case,
		 	             
      	 
		 	(ii)	appoints a Custodian
      of the Company or any of its Significant Subsidiaries or for all or
      substantially all of its property, or

16 

		 	(iii)	orders the liquidation
      of the Company or any of its Significant Subsidiaries, and the order or
      decree remains unstayed and in effect for 60 days; or
	      
      	             
      	             
      	 
		(g)	any other
      Event of Default provided with respect to Securities of that Series, which
      is specified in a Board Resolution, a supplemental indenture hereto or an
      Officers’ Certificate, in accordance with Section
  2.2.19.

     The term
“Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law
for the relief of debtors. The term “Custodian” means any receiver, trustee,
assignee, liquidator or similar official under any Bankruptcy Law.

Section 6.2. Acceleration of Maturity;
Rescission and Annulment.

     If an Event
of Default with respect to Securities of any Series at the time outstanding
occurs and is continuing (other than an Event of Default referred to in Section
6.1(e) or (f)) then in every such case the Trustee or the Holders of not less
than 25% in principal amount of the outstanding Securities of that Series may
declare the principal amount (or, if any Securities of that Series are Discount
Securities, such portion of the principal amount as may be specified in the
terms of such Securities) of and accrued and unpaid interest, if any, on all of
the Securities of that Series to be due and payable immediately, by a notice in
writing to the Company (and to the Trustee if given by Holders), and upon any
such declaration such principal amount (or specified amount) and accrued and
unpaid interest, if any, shall become immediately due and payable. If an Event
of Default specified in Section 6.1(e) or (f) shall occur, the principal amount
(or specified amount) of and accrued and unpaid interest, if any, on all
outstanding Securities shall ipso facto become and be immediately due and
payable without any declaration or other act on the part of the Trustee or any
Holder.

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

		(a)	the Company
      has paid or deposited with the Trustee a sum sufficient to
pay
	       	             
      	             
      	 
		 	(i)	all overdue interest,
      if any, on all Securities of that Series,
		 
		 	(ii)	the principal of any
      Securities of that Series which have become due otherwise than by such
      declaration of acceleration and interest thereon at the rate or rates
      prescribed therefor in such Securities,
		 
		 	(iii)	to the extent that
      payment of such interest is lawful, interest upon any overdue principal
      and overdue interest at the rate or rates prescribed therefor in such
      Securities, and
		 
		 	(iv)	all sums paid or
      advanced by the Trustee hereunder and the reasonable compensation,
      expenses, disbursements and advances of the Trustee, its agents and
      counsel;
		  		  
		
      and

				  
		(b)	all
      Events of Default with respect to Securities of that Series, other than
      the non-payment of the principal of Securities of that Series which have
      become due solely by such declaration of acceleration, have been cured or
      waived as provided in Section 6.13.

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

17 

Section 6.3. Collection of Indebtedness
and Suits for Enforcement by Trustee.

     The Company
covenants that if

		(a)	default is made in the
      payment of any interest on any Security when such interest becomes due and
      payable and such default continues for a period of 30 days,
or
	      
      	 
		(b)	default is made in the
      payment of principal of any Security at the Maturity thereof,
  or
		 
		(c)
             
      	default is made in the
      deposit of any sinking fund payment when and as due by the terms of a
      Security, then, the Company will, upon demand of the Trustee, pay to it,
      for the benefit of the Holders of such Securities, the whole amount then
      due and payable on such Securities for principal and interest and, to the
      extent that payment of such interest shall be legally enforceable,
      interest on any overdue principal or any overdue interest, at the rate or
      rates prescribed therefor in such Securities, and, in addition thereto,
      such further amount as shall be sufficient to cover the costs and expenses
      of collection, including the reasonable compensation, expenses,
      disbursements and advances of the Trustee, its agents and
    counsel.

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

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

Section 6.4. Trustee May File Proofs of
Claim.

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

	      
    	(a)
             
      	to file and prove a claim for the
      whole amount of principal and interest owing and unpaid in respect of the
      Securities and to file such other papers or documents as may be necessary
      or advisable in order to have the claims of the Trustee (including any
      claim for the reasonable compensation, expenses, disbursements and
      advances of the Trustee, its agents and counsel) and of the Holders
      allowed in such judicial proceeding,
		 	 
		
      and

		 	  
		(b)	to collect and receive any moneys or other
      property payable or deliverable on any such claims and to distribute the
      same, and any custodian, receiver, assignee, trustee, liquidator,
      sequestrator or other similar official in any such judicial proceeding is
      hereby authorized by each Holder to make such payments to the Trustee and,
      in the event that the Trustee shall consent to the making of such payments
      directly to the Holders, to pay to the Trustee any amount due it for the
      reasonable compensation, expenses, disbursements and advances of the
      Trustee, its agents and counsel, and any other amounts due the Trustee
      under Section 7.7.

18 

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

Section 6.5. Trustee May Enforce Claims
Without Possession of Securities.

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

Section 6.6. Application of Money
Collected.

     Any money
collected by the Trustee pursuant to this Article shall be applied in the
following order, at the date or dates fixed by the Trustee and, in case of the
distribution of such money on account of principal or interest, upon
presentation of the Securities and the notation thereon of the payment if only
partially paid and upon surrender thereof if fully paid:

     First: To the
payment of all amounts due the Trustee under Section 7.7; and

     Second: To
the payment of the amounts then due and unpaid for principal of and interest on
the Securities in respect of which or for the benefit of which such money has
been collected, ratably, without preference or priority of any kind, according
to the amounts due and payable on such Securities for principal and interest,
respectively; and

     Third: To the
Company.

Section 6.7. Limitation on
Suits.

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

		(a)	such Holder has
      previously given written notice to the Trustee of a continuing Event of
      Default with respect to the Securities of that Series;
	      
      	 
		(b)
             
      	the Holders of not
      less than 25% in principal amount of the outstanding Securities of that
      Series shall have made written request to the Trustee to institute
      proceedings in respect of such Event of Default in its own name as Trustee
      hereunder;
		 
		(c)	such Holder or Holders
      have offered to the Trustee reasonable indemnity against the costs,
      expenses and liabilities to be incurred in compliance with such
      request;
		 
		(d)	the Trustee for 60
      days after its receipt of such notice, request and offer of indemnity has
      failed to institute any such proceeding; and
		 
		(e)	no direction
      inconsistent with such written request has been given to the Trustee
      during such 60-day period by the Holders of a majority in principal amount
      of the outstanding Securities of that Series;

19 

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

Section 6.8. Unconditional Right of
Holders to Receive Principal and Interest.

     Notwithstanding any other provision in this Indenture, the Holder of any
Security shall have the right, which is absolute and unconditional, to receive
payment of the principal of and interest, if any, on such Security on the Stated
Maturity or Stated Maturities expressed in such Security (or, in the case of
redemption, on the redemption date) and to institute suit for the enforcement of
any such payment, and such rights shall not be impaired without the consent of
such Holder. 

Section 6.9. Restoration of Rights and
Remedies.

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

Section 6.10. Rights and Remedies
Cumulative.

     Except as
otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities in Section 2.8, no right or remedy herein
conferred upon or reserved to the Trustee or to the Holders is intended to be
exclusive of any other right or remedy, and every right and remedy shall, to the
extent permitted by law, be cumulative and in addition to every other right and
remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or
otherwise, shall not prevent the concurrent assertion or employment of any other
appropriate right or remedy.

Section 6.11. Delay or Omission Not
Waiver.

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

Section 6.12. Control by
Holders.

     The Holders
of a majority in principal amount of the outstanding Securities of any Series
shall have the right to direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or
power conferred on the Trustee, with respect to the Securities of such Series,
provided that

		(a)	such direction shall
      not be in conflict with any rule of law or with this
  Indenture,
	      
      	 
		(b)	the Trustee may take
      any other action deemed proper by the Trustee which is not inconsistent
      with such direction, and
		 
		(c)
             
      	subject to the
      provisions of Section 6.1, the Trustee shall have the right to decline to
      follow any such direction if the Trustee in good faith shall, by a
      Responsible Officer of the Trustee, determine that the proceeding so
      directed would involve the Trustee in personal
  liability.

20 

Section 6.13. Waiver of Past
Defaults.

     Subject to
Section 6.2, the Holders of not less than a majority in principal amount of the
outstanding Securities of any Series may on behalf of the Holders of all the
Securities of such Series waive any past Default hereunder with respect to such
Series and its consequences, except a Default in the payment of the principal of
or interest on any Security of such Series (provided, however, that the Holders
of a majority in principal amount of the outstanding Securities of any Series
may rescind an acceleration and its consequences, including any related payment
default that resulted from such acceleration). Upon any such waiver, such
Default shall cease to exist, and any Event of Default arising therefrom shall
be deemed to have been cured, for every purpose of this Indenture; but no such
waiver shall extend to any subsequent or other Default or impair any right
consequent thereon. 

Section 6.14. Undertaking for
Costs.

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

ARTICLE
VII.
TRUSTEE

Section 7.1. Duties of
Trustee.

	       	(a)
             
      	If an Event
      of Default has occurred and is continuing, the Trustee shall exercise the
      rights and powers vested in it by this Indenture and use the same degree
      of care and skill in their exercise as a prudent man would exercise or use
      under the circumstances in the conduct of his own affairs.
		 
		(b)	Except
      during the continuance of an Event of Default:
		  
		 	(i)	The Trustee need
      perform only those duties that are specifically set forth in this
      Indenture and no others.
			             
      	
			(ii)	In the absence of
      bad faith on its part, the Trustee may conclusively rely, as to the truth
      of the statements and the correctness of the opinions expressed therein,
      upon Officers’ Certificates or Opinions of Counsel furnished to the
      Trustee and conforming to the requirements of this Indenture; however, in
      the case of any such Officers’ Certificates or Opinions of Counsel which
      by any provisions hereof are specifically required to be furnished to the
      Trustee, the Trustee shall examine such Officers’ Certificates and
      Opinions of Counsel to determine whether or not they conform to the
      requirements of this Indenture.
				  
		(c)	The
      Trustee may not be relieved from liability for its own negligent action,
      its own negligent failure to act or its own willful misconduct, except
      that:
			  	  
			(i)	This paragraph does
      not limit the effect of paragraph (b) of this
Section.

21 

		 	(ii)	The Trustee shall not
      be liable for any error of judgment made in good faith by a Responsible
      Officer, unless it is proved that the Trustee was negligent in
      ascertaining the pertinent facts.
	       	 
		             
      	(iii)
             
      	The Trustee shall not
      be liable with respect to any action taken, suffered or omitted to be
      taken by it with respect to Securities of any Series in good faith in
      accordance with the direction of the Holders of a majority in principal
      amount of the outstanding Securities of such Series relating to the time,
      method and place of conducting any proceeding for any remedy available to
      the Trustee, or exercising any trust or power conferred upon the Trustee,
      under this Indenture with respect to the Securities of such
    Series.
		 
		(d)	Every
      provision of this Indenture that in any way relates to the Trustee is
      subject to paragraph (a), (b) and (c) of this Section.
		 
		(e)	The Trustee
      may refuse to perform any duty or exercise any right or power unless it
      receives indemnity satisfactory to it against any loss, liability or
      expense.
		 
		(f)	The Trustee
      shall not be liable for interest on any money received by it except as the
      Trustee may agree in writing with the Company. Money held in trust by the
      Trustee need not be segregated from other funds except to the extent
      required by law.
		 
		(g)	No provision
      of this Indenture shall require the Trustee to risk its own funds or
      otherwise incur any financial liability in the performance of any of its
      duties, or in the exercise of any of its rights or powers, if it shall
      have reasonable grounds for believing that repayment of such funds or
      adequate indemnity against such risk is not reasonably assured to
      it.
		 
		(h)	The Paying
      Agent, the Registrar and any authenticating agent shall be entitled to the
      protections and immunities as are set forth in paragraphs (a), (b) and (c)
      of this Section with respect to the Trustee.

Section 7.2. Rights of
Trustee.

		(a)
             
      	The Trustee may rely
      on and shall be protected in acting or refraining from acting upon any
      document believed by it to be genuine and to have been signed or presented
      by the proper person. The Trustee need not investigate any fact or matter
      stated in the document.
	       	 
		(b)	Before the Trustee
      acts or refrains from acting, it may require an Officers’ Certificate or
      an Opinion of Counsel. The Trustee shall not be liable for any action it
      takes or omits to take in good faith in reliance on such Officers’
      Certificate or Opinion of Counsel.
		 
		(c)	The Trustee may act
      through agents and shall not be responsible for the misconduct or
      negligence of any agent appointed with due care. No Depository shall be
      deemed an agent of the Trustee and the Trustee shall not be responsible
      for any act or omission by any Depository.
		 
		(d)	The Trustee shall not
      be liable for any action it takes or omits to take in good faith which it
      believes to be authorized or within its rights or powers.
		 
		(e)	The Trustee may
      consult with counsel and the advice of such counsel or any Opinion of
      Counsel shall be full and complete authorization and protection in respect
      of any action taken, suffered or omitted by it hereunder in good faith and
      in reliance thereon.
		 
		(f)	The Trustee shall be
      under no obligation to exercise any of the rights or powers vested in it
      by this Indenture at the request or direction of any of the Holders of
      Securities unless such Holders shall have offered to the Trustee
      reasonable security or indemnity against the costs, expenses and
      liabilities which might be incurred by it in compliance with such request
      or direction.

22 

Section 7.3. Individual Rights of
Trustee.

     The Trustee
in its individual or any other capacity may become the owner or pledgee of
Securities and may otherwise deal with the Company or an Affiliate with the same
rights it would have if it were not Trustee. Any Agent may do the same with like
rights. The Trustee is also subject to Sections 7.10 and 7.11.

Section 7.4. Trustee’s Disclaimer.

     The Trustee
makes no representation as to the validity or adequacy of this Indenture or the
Securities, it shall not be accountable for the Company’s use of the proceeds
from the Securities, and it shall not be responsible for any statement in the
Securities other than its authentication. 

Section 7.5. Notice of
Defaults.

     If a Default
or Event of Default occurs and is continuing with respect to the Securities of
any Series and if it is known to a Responsible Officer of the Trustee, the
Trustee shall mail to each Securityholder of the Securities of that Series and,
if any Bearer Securities are outstanding, publish on one occasion in an
Authorized Newspaper, notice of a Default or Event of Default within 90 days
after it occurs or, if later, after a Responsible Officer of the Trustee has
knowledge of such Default or Event of Default. Except in the case of a Default
or Event of Default in payment of principal of or interest on any Security of
any Series, the Trustee may withhold the notice if and so long as its corporate
trust committee or a committee of its Responsible Officers in good faith
determines that withholding the notice is in the interests of Securityholders of
that Series. 

Section 7.6. Reports by Trustee to
Holders.

     Within 60
days after May 15 in each year, the Trustee shall transmit by mail to all
Securityholders, as their names and addresses appear on the register kept by the
Registrar and, if any Bearer Securities are outstanding, publish in an
Authorized Newspaper, a brief report dated as of such May 15, in accordance
with, and to the extent required under, TIA Section 313.

     A copy of
each report at the time of its mailing to Securityholders of any Series shall be
filed with the SEC and each stock exchange on which the Securities of that
Series are listed. The Company shall promptly notify the Trustee when Securities
of any Series are listed on any stock exchange.

Section 7.7. Compensation and
Indemnity.

     The Company
shall pay to the Trustee from time to time reasonable compensation for its
services. The Trustee’s compensation shall not be limited by any law on
compensation of a trustee of an express trust. The Company shall reimburse the
Trustee upon request for all reasonable out-of-pocket expenses incurred by it.
Such expenses shall include the reasonable compensation and expenses of the
Trustee’s agents and counsel.

     The Company
shall indemnify the Trustee (including the cost of defending itself) against any
loss, liability or expense incurred by it except as set forth in the next
paragraph in the performance of its duties under this Indenture as Trustee or
Agent. The Trustee shall notify the Company promptly of any claim for which it
may seek indemnity. The Company shall defend the claim and the Trustee shall
cooperate in the defense. The Trustee may have separate counsel and the Company
shall pay the reasonable fees and expenses of such counsel. The Company need not
pay for any settlement made without its consent, which consent shall not be
unreasonably withheld. This indemnification shall apply to officers, directors,
employees, shareholders and agents of the Trustee.

23 

     The Company
need not reimburse any expense or indemnify against any loss or liability
incurred by the Trustee or by any officer, director, employee, shareholder or
agent of the Trustee through negligence or bad faith.

     To secure
the Company’s payment obligations in this Section, the Trustee shall have a lien
prior to the Securities of any Series on all money or property held or collected
by the Trustee, except that held in trust to pay principal and interest on
particular Securities of that Series.

     When the
Trustee incurs expenses or renders services after an Event of Default specified
in Section 6.1(e) or (f) occurs, the expenses and the compensation for the
services are intended to constitute expenses of administration under any
Bankruptcy Law. 

Section 7.8. Replacement of
Trustee.

     A
resignation or removal of the Trustee and appointment of a successor Trustee
shall become effective only upon the successor Trustee’s acceptance of
appointment as provided in this Section.

     The Trustee
may resign with respect to the Securities of one or more Series by so notifying
the Company. The Holders of a majority in principal amount of the Securities of
any Series may remove the Trustee with respect to that Series by so notifying
the Trustee and the Company. The Company may remove the Trustee with respect to
Securities of one or more Series if:

		(a)	the Trustee fails to
      comply with Section 7.10;
	      
      	             
      	 
		(b)	the Trustee is
      adjudged a bankrupt or an insolvent or an order for relief is entered with
      respect to the Trustee under any Bankruptcy Law;
		 
		(c)	a Custodian or public
      officer takes charge of the Trustee or its property; or
		 
		(d)	the Trustee becomes
      incapable of acting.

     If the
Trustee resigns or is removed or if a vacancy exists in the office of Trustee
for any reason, the Company shall promptly appoint a successor Trustee. Within
one year after the successor Trustee takes office, the Holders of a majority in
principal amount of the then outstanding Securities may appoint a successor
Trustee to replace the successor Trustee appointed by the Company.

     If a
successor Trustee with respect to the Securities of any one or more Series does
not take office within 60 days after the retiring Trustee resigns or is removed,
the retiring Trustee, the Company or the Holders of at least 10% in principal
amount of the Securities of the applicable Series may petition any court of
competent jurisdiction for the appointment of a successor Trustee.

     If the
Trustee with respect to the Securities of any one or more Series fails to comply
with Section 7.10, any Securityholder of the applicable Series may petition any
court of competent jurisdiction for the removal of the Trustee and the
appointment of a successor Trustee.

     A successor
Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Company. Immediately after that, the retiring Trustee shall
transfer all property held by it as Trustee to the successor Trustee subject to
the lien provided for in Section 7.7, the resignation or removal of the retiring
Trustee shall become effective, and the successor Trustee shall have all the
rights, powers and duties of the Trustee with respect to each Series of
Securities for which it is acting as Trustee under this Indenture. A successor
Trustee shall mail a notice of its succession to each Securityholder of each
such Series and, if any Bearer Securities are outstanding, publish such notice
on one occasion in an Authorized Newspaper. Notwithstanding replacement of the
Trustee pursuant to this Section 7.8, the Company’s obligations under Section
7.7 hereof shall continue for the benefit of the retiring trustee with respect
to expenses and liabilities incurred by it prior to such replacement.

24 

Section 7.9. Successor Trustee by
Merger, Etc.

     If the
Trustee consolidates with, merges or converts into, or transfers all or
substantially all of its corporate trust business to, another corporation, the
successor corporation without any further act shall be the successor
Trustee.

Section 7.10. Eligibility;
Disqualification.

     This Indenture
shall always have a Trustee who satisfies the requirements of TIA Section
310(a)(1), (2) and (5). The Trustee shall always
have a combined capital and surplus of at least $25,000,000 as set forth in its
most recent published annual report of condition. The Trustee shall comply with
TIA Section 310(b).

Section 7.11. Preferential Collection
of Claims Against Company.

     The Trustee
is subject to TIA Section 311(a), excluding any creditor relationship listed in
TIA Section 311(b). A Trustee who has resigned or been removed shall be subject
to TIA Section 311(a) to the extent indicated.

ARTICLE VIII.
SATISFACTION AND DISCHARGE; DEFEASANCE

Section 8.1. Satisfaction and Discharge
of Indenture.

     This
Indenture shall upon Company Order cease to be of further effect (except as
hereinafter provided in this Section 8.1), and the Trustee, at the expense of
the Company, shall execute proper instruments acknowledging satisfaction and
discharge of this Indenture, when

		(a)	either
	      
      	 
		             
      	(i)	all
      Securities theretofore authenticated and delivered (other than Securities
      that have been destroyed, lost or stolen and that have been replaced or
      paid) have been delivered to the Trustee for cancellation; or
		 
		 	(ii)	all such
      Securities not theretofore delivered to the Trustee for
    cancellation
		 
		 	             
      	(1)	have become due and
      payable, or
		 
		 	 	(2)	will become due and
      payable at their Stated Maturity within one year, or
		 
		 	 	(3)	are to be called for
      redemption within one year under arrangements satisfactory to the Trustee
      for the giving of notice of redemption by the Trustee in the name, and at
      the expense, of the Company, or
		 	 	             
      	 
		 	 	(4)	are deemed paid and
      discharged pursuant to Section 8.3, as applicable;
					  
			and the
      Company, in the case of (1), (2) or (3) above, has deposited or caused to
      be deposited with the Trustee as trust funds in trust an amount sufficient
      for the purpose of paying and discharging the entire indebtedness on such
      Securities not theretofore delivered to the Trustee for cancellation, for
      principal and interest to the date of such deposit (in the case of
      Securities which have become due and payable on or prior to the date of
      such deposit) or to the Stated Maturity or redemption date, as the case
      may be;
					  
		(b)	the
      Company has paid or caused to be paid all other sums payable hereunder by
      the Company; and

25 

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

     Notwithstanding the satisfaction and discharge of this Indenture, the
obligations of the Company to the Trustee under Section 7.7, and, if money shall
have been deposited with the Trustee pursuant to clause (a) of this Section, the
provisions of Sections 2.4, 2.7, 2.8, 8.1, 8.2 and 8.5 shall survive.

Section 8.2. Application of Trust
Funds; Indemnification.

	       	(a)
             
      	Subject to the provisions of
      Section 8.5, all money deposited with the Trustee pursuant to Section 8.1,
      all money and U.S. Government Obligations or Foreign Government
      Obligations deposited with the Trustee pursuant to Section 8.3 or 8.4 and
      all money received by the Trustee in respect of U.S. Government
      Obligations or Foreign Government Obligations deposited with the Trustee
      pursuant to Section 8.3 or 8.4, shall be held in trust and applied by it,
      in accordance with the provisions of the Securities and this Indenture, to
      the payment, either directly or through any Paying Agent (including the
      Company acting as its own Paying Agent) as the Trustee may determine, to
      the persons entitled thereto, of the principal and interest for whose
      payment such money has been deposited with or received by the Trustee or
      to make mandatory sinking fund payments or analogous payments as
      contemplated by Sections 8.3 or 8.4.
		 
		(b)	The Company shall pay and shall
      indemnify the Trustee against any tax, fee or other charge imposed on or
      assessed against U.S. Government Obligations or Foreign Government
      Obligations deposited pursuant to Sections 8.3 or 8.4 or the interest and
      principal received in respect of such obligations other than any payable
      by or on behalf of Holders.
		 
		(c)	The Trustee shall deliver or pay
      to the Company from time to time upon Company Request any U.S. Government
      Obligations or Foreign Government Obligations or money held by it as
      provided in Sections 8.3 or 8.4 which, in the opinion of a nationally
      recognized firm of independent certified public accountants expressed in a
      written certification thereof delivered to the Trustee, are then in excess
      of the amount thereof which then would have been required to be deposited
      for the purpose for which such U.S. Government Obligations or Foreign
      Government Obligations or money were deposited or received. This provision
      shall not authorize the sale by the Trustee of any U.S. Government
      Obligations or Foreign Government Obligations held under this
      Indenture.

Section 8.3. Legal Defeasance of
Securities of any Series.

     Unless this
Section 8.3 is otherwise specified pursuant to Section 2.2.21 to be inapplicable
to Securities of any Series, the Company shall be deemed to have paid and
discharged the entire indebtedness on all the outstanding Securities of such
Series on the 91st day after the date of the deposit referred to in subparagraph
(d) hereof, and the provisions of this Indenture, as it relates to such
outstanding Securities of such Series, shall no longer be in effect (and the
Trustee, at the expense of the Company, shall, at Company Request, execute
proper instruments acknowledging the same), except as to:

	      
      	(a)
             
      	the rights of Holders
      of Securities of such Series to receive, from the trust funds described in
      subparagraph (d) hereof, (i) payment of the principal of and each
      installment of principal of and interest on the outstanding Securities of
      such Series on the Stated Maturity of such principal or installment of
      principal or interest and (ii) the benefit of any mandatory sinking fund
      payments applicable to the Securities of such Series on the day on which
      such payments are due and payable in accordance with the terms of this
      Indenture and the Securities of such Series;
		 
		(b)	the provisions of
      Sections 2.4, 2.7, 2.8, 8.2, 8.3 and 8.5; and

26 

		(c)	the rights, powers, trust and
      immunities of the Trustee hereunder;
	      
      	             
      	  
	provided that, the
      following conditions shall have been satisfied:
			   
		(d)	the Company shall have
      deposited or caused to be deposited irrevocably with the Trustee as trust
      funds in trust for the purpose of making the following payments,
      specifically pledged as security for and dedicated solely to the benefit
      of the Holders of such Securities (i) in the case of Securities of such
      Series denominated in Dollars, cash in Dollars (or such other money or
      currencies as shall then be legal tender in the United States) and/or U.S.
      Government Obligations, or (ii) in the case of Securities of such Series
      denominated in a Foreign Currency (other than a composite currency), money
      and/or Foreign Government Obligations, which through the payment of
      interest and principal in respect thereof, in accordance with their terms,
      will provide (and without reinvestment and assuming no tax liability will
      be imposed on such Trustee), not later than one day before the due date of
      any payment of money, an amount in cash, sufficient, in the opinion of a
      nationally recognized firm of independent public accountants expressed in
      a written certification thereof delivered to the Trustee, to pay and
      discharge each installment of principal (including mandatory sinking fund
      or analogous payments) of and interest, if any, on all the Securities of
      such Series on the dates such installments of interest or principal are
      due;
		 
		(e)	such deposit will not
      result in a breach or violation of, or constitute a default under, this
      Indenture or any other agreement or instrument to which the Company is a
      party or by which it is bound;
		 
		(f)	no Default or Event of
      Default with respect to the Securities of such Series shall have occurred
      and be continuing on the date of such deposit or during the period ending
      on the 91st day after such date;
		 
		(g)	the Company shall have
      delivered to the Trustee an Officers’ Certificate and an Opinion of
      Counsel to the effect that (i) the Company has received from, or there has
      been published by, the Internal Revenue Service a ruling, or (ii) since
      the date of execution of this Indenture, there has been a change in the
      applicable Federal income tax law, in either case to the effect that, and
      based thereon such Opinion of Counsel shall confirm that, the Holders of
      the Securities of such Series will not recognize income, gain or loss for
      Federal income tax purposes as a result of such deposit, defeasance and
      discharge and will be subject to Federal income tax on the same amount and
      in the same manner and at the same times as would have been the case if
      such deposit, defeasance and discharge had not occurred;
		 
		(h)	the Company shall have
      delivered to the Trustee an Officers’ Certificate stating that the deposit
      was not made by the Company with the intent of preferring the Holders of
      the Securities of such Series over any other creditors of the company or
      with the intent of defeating, hindering, delaying or defrauding any other
      creditors of the Company;
		 
		(i)	such deposit shall not
      result in the trust arising from such deposit constituting an investment
      company (as defined in the Investment Company Act of 1940, as amended), or
      such trust shall be qualified under such Act or exempt from regulation
      thereunder; and
		 
		(j)	the Company shall have
      delivered to the Trustee an Officers’ Certificate and an Opinion of
      Counsel, each stating that all conditions precedent provided for relating
      to the defeasance contemplated by this Section have been complied
      with.

Section 8.4. Covenant
Defeasance.

     Unless this
Section 8.4 is otherwise specified pursuant to Section 2.2.21 to be inapplicable
to Securities of any Series, on and after the 91st day after the date of the
deposit referred to in subparagraph (a) hereof, the Company may omit to comply
with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4,
4.5, 4.6, and 5.1 as well as any additional covenants contained in a
supplemental indenture hereto for a particular Series of Securities or a Board
Resolution or an Officers’ Certificate delivered pursuant to Section 2.2.21 (and
the failure to comply with any such covenants shall not constitute a Default or
Event of Default under Section 6.1) and the occurrence of any event described in
clause (e) of Section 6.1 shall not constitute a Default or Event of Default
hereunder, with respect to the Securities of such Series, provided that the
following conditions shall have been satisfied:

27 

	      
      	(a)
             
      	With reference to this
      Section 8.4, the Company has deposited or caused to be irrevocably
      deposited (except as provided in Section 8.2(c)) with the Trustee as trust
      funds in trust, specifically pledged as security for, and dedicated solely
      to, the benefit of the Holders of such Securities (i) in the case of
      Securities of such Series denominated in Dollars, cash in Dollars (or such
      other money or currencies as shall then be legal tender in the United
      States) and/or U.S. Government Obligations, or (ii) in the case of
      Securities of such Series denominated in a Foreign Currency (other than a
      composite currency), money and/or Foreign Government Obligations, which
      through the payment of interest and principal in respect thereof, in
      accordance with their terms, will provide (and without reinvestment and
      assuming no tax liability will be imposed on such Trustee), not later than
      one day before the due date of any payment of money, an amount in cash,
      sufficient, in the opinion of a nationally recognized firm of independent
      certified public accountants expressed in a written certification thereof
      delivered to the Trustee, to pay principal and interest, if any, on and
      any mandatory sinking fund in respect of the Securities of such Series on
      the dates such installments of interest or principal are due;
		 
		(b)	Such deposit will not
      result in a breach or violation of, or constitute a default under, this
      Indenture or any other agreement or instrument to which the Company is a
      party or by which it is bound;
		 
		(c)	No Default or Event of
      Default with respect to the Securities of such Series shall have occurred
      and be continuing on the date of such deposit or during the period ending
      on the 91st day after such date;
		 
		(d)	The Company shall have
      delivered to the Trustee an Opinion of Counsel confirming that Holders of
      the Securities of such Series will not recognize income, gain or loss for
      federal income tax purposes as a result of such deposit and defeasance and
      will be subject to federal income tax on the same amounts, in the same
      manner and at the same times as would have been the case if such deposit
      and defeasance had not occurred;
		 
		(e)	the Company shall have
      delivered to the Trustee an Officers’ Certificate stating the deposit was
      not made by the Company with the intent of preferring the Holders of the
      Securities of such Series over any other creditors of the Company or with
      the intent of defeating, hindering, delaying or defrauding any other
      creditors of the Company; and
		 
		(f)	The Company shall have
      delivered to the Trustee an Officers’ Certificate and an Opinion of
      Counsel, each stating that all conditions precedent herein provided for
      relating to the defeasance contemplated by this Section have been complied
      with.

Section 8.5. Repayment to
Company.

     The Trustee
and the Paying Agent shall pay to the Company upon request any money held by
them for the payment of principal and interest that remains unclaimed for two
years. After that, Securityholders entitled to the money must look to the
Company for payment as general creditors unless an applicable abandoned property
law designates another person.

28 

Section 8.6.
Reinstatement.

     If the
Trustee or Paying Agent is unable to apply any money or U.S. Government
Obligations in accordance with Sections 8.1, 8.3 or 8.4, as the case may be, by
reason of any legal proceeding or by reason of any order or judgment of any
court or governmental authority enjoining, restraining or otherwise prohibiting
such application, the Company’s obligations under this Indenture and the
Securities shall be revived and reinstated as though no deposit had occurred
pursuant to Section 8.1, 8.3 or 8.4, as the case may be, until such time as the
Trustee or Paying Agent is permitted to apply all such money or U.S. Government
Obligations in accordance with Section 8.1, 8.3 or 8.4, as the case may be;
provided, however, that if the Company makes any payment of principal of,
premium, if any, or interest on any Securities because of reinstatement of its
obligations, the Company shall be subrogated to the rights of the holders of
such Securities to receive such payment from the money or U.S. Government
Obligations held by the Trustee or Paying Agent.

ARTICLE IX.
AMENDMENTS AND WAIVERS

Section 9.1. Without Consent of
Holders.

     The Company
and the Trustee may amend or supplement this Indenture or the Securities of one
or more Series without the consent of any Securityholder:

		(a)	to cure any ambiguity,
      defect or inconsistency;
	       	 
		(b)	to comply with Article
      V;
		 
		(c)	to provide for
      uncertificated Securities in addition to or in place of certificated
      Securities;
		 
		(d)	to make any change
      that does not adversely affect the rights of any
  Securityholder;
		 
		(e)	to provide for the
      issuance of and establish the form and terms and conditions of Securities
      of any Series as permitted by this Indenture;
		 
		(f)
             
      	to evidence and
      provide for the acceptance of appointment hereunder by a successor Trustee
      with respect to the Securities of one or more Series and to add to or
      change any of the provisions of this Indenture as shall be necessary to
      provide for or facilitate the administration of the trusts hereunder by
      more than one Trustee; or
		 
		(g)	to comply with
      requirements of the SEC in order to effect or maintain the qualification
      of this Indenture under the TIA.

Section 9.2. With Consent of
Holders.

     The Company
and the Trustee may enter into a supplemental indenture with the written consent
of the Holders of at least a majority in principal amount of the outstanding
Securities of each Series affected by such supplemental indenture (including
consents obtained in connection with a tender offer or exchange offer for the
Securities of such Series), for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Indenture or
of any supplemental indenture or of modifying in any manner the rights of the
Securityholders of each such Series. Except as provided in Section 6.13, the
Holders of at least a majority in principal amount of the outstanding Securities
of each Series affected by such waiver by notice to the Trustee (including
consents obtained in connection with a tender offer or exchange offer for the
Securities of such Series) may waive compliance by the Company with any
provision of this Indenture or the Securities with respect to such
Series.

     It shall not
be necessary for the consent of the Holders of Securities under this Section 9.2
to approve the particular form of any proposed supplemental indenture or waiver,
but it shall be sufficient if such consent approves the substance thereof. After
a supplemental indenture or waiver under this section becomes effective, the
Company shall mail to the Holders of Securities affected thereby and, if any
Bearer Securities affected thereby are outstanding, publish on one occasion in
an Authorized Newspaper, a notice briefly describing the supplemental indenture
or waiver. Any failure by the Company to mail or publish such notice, or any
defect therein, shall not, however, in any way impair or affect the validity of
any such supplemental indenture or waiver.

29 

Section 9.3.
Limitations.

     Without the
consent of each Securityholder affected, an amendment or waiver may
not:

		(a)	change the amount of
      Securities whose Holders must consent to an amendment, supplement or
      waiver;
	       	 
		(b)	reduce the rate of or
      extend the time for payment of interest (including default interest) on
      any Security;
		 
		(c)	reduce the principal
      or change the Stated Maturity of any Security or reduce the amount of, or
      postpone the date fixed for, the payment of any sinking fund or analogous
      obligation;
		 
		(d)	reduce the principal
      amount of Discount Securities payable upon acceleration of the maturity
      thereof;
		 
		(e)
             
      	waive a Default or
      Event of Default in the payment of the principal of or interest, if any,
      on any Security (except a rescission of acceleration of the Securities of
      any Series by the Holders of at least a majority in principal amount of
      the outstanding Securities of such Series and a waiver of the payment
      default that resulted from such acceleration);
		 
		(f)	make the principal of
      or interest, if any, on any Security payable in any currency other than
      that stated in the Security;
		 
		(g)	make any change in
      Sections 6.8, 6.13, 9.3 (this sentence), 10.15 or 10.16; or
		 
		(h)	waive a redemption
      payment with respect to any Security or change any of the provisions with
      respect to the redemption of any Securities.

Section 9.4. Compliance with Trust
Indenture Act.

     Every amendment
to this Indenture or the Securities of one or more Series shall be set forth in
a supplemental indenture hereto that complies with the TIA as then in
effect.

Section 9.5. Revocation and Effect of
Consents.

     Until an
amendment or waiver becomes effective, a consent to it by a Holder of a Security
is a continuing consent by the Holder and every subsequent Holder of a Security
or portion of a Security that evidences the same debt as the consenting Holder’s
Security, even if notation of the consent is not made on any Security. However,
any such Holder or subsequent Holder may revoke the consent as to his Security
or portion of a Security if the Trustee receives the notice of revocation before
the date the amendment or waiver becomes effective.

     Any
amendment or waiver once effective shall bind every Securityholder of each
Series affected by such amendment or waiver unless it is of the type described
in any of clauses (a) through (g) of Section 9.3. In that case, the amendment or
waiver shall bind each Holder of a Security who has consented to it and every
subsequent Holder of a Security or portion of a Security that evidences the same
debt as the consenting Holder’s Security. 

30 

Section 9.6. Notation on or Exchange of
Securities.

     The Trustee
may place an appropriate notation about an amendment or waiver on any Security
of any Series thereafter authenticated. The Company in exchange for Securities
of that Series may issue and the Trustee shall authenticate upon request new
Securities of that Series that reflect the amendment or waiver. 

Section 9.7. Trustee
Protected.

     In
executing, or accepting the additional trusts created by, any supplemental
indenture permitted by this Article or the modifications thereby of the trusts
created by this Indenture, the Trustee shall be entitled to receive, and
(subject to Section 7.1) shall be fully protected in relying upon, an Opinion of
Counsel stating that the execution of such supplemental indenture is authorized
or permitted by this Indenture. The Trustee shall sign all supplemental
indentures, except that the Trustee need not sign any supplemental indenture
that adversely affects its rights.

ARTICLE
X.
MISCELLANEOUS

Section 10.1. Trust Indenture Act
Controls.

     If any
provision of this Indenture limits, qualifies, or conflicts with another
provision which is required or deemed to be included in this Indenture by the
TIA, such required or deemed provision shall control.

Section 10.2. Notices.

     Any notice
or communication by the Company or the Trustee to the other is duly given if in
writing and delivered in person or mailed by first-class mail:

if to the Company:

     Geron Corporation
     230 Constitution Drive
     Menlo Park, CA 94025
     Attention: General
Counsel

if to the Trustee:

	     	[Name of Trustee] 
		[Address] 
		
      Attention: ______________
    

     The Company
or the Trustee by notice to the other may designate additional or different
addresses for subsequent notices or communications.

     Any notice
or communication to a Securityholder shall be mailed by first-class mail to his
address shown on the register kept by the Registrar and, if any Bearer
Securities are outstanding, published in an Authorized Newspaper. Failure to
mail a notice or communication to a Securityholder of any Series or any defect
in it shall not affect its sufficiency with respect to other Securityholders of
that or any other Series.

     If a notice
or communication is mailed or published in the manner provided above, within the
time prescribed, it is duly given, whether or not the Securityholder receives
it.

     If the
Company mails a notice or communication to Securityholders, it shall mail a copy
to the Trustee and each Agent at the same time.

31 

Section 10.3. Communication by Holders
with Other Holders.

     Securityholders of any Series may communicate pursuant to TIA Section
312(b) with other Securityholders of that Series or any other Series with
respect to their rights under this Indenture or the Securities of that Series or
all Series. The Company, the Trustee, the Registrar and anyone else shall have
the protection of TIA Section 312(c).

Section 10.4. Certificate and Opinion
as to Conditions Precedent.

     Upon any
request or application by the Company to the Trustee to take any action under
this Indenture, the Company shall furnish to the Trustee:

		(a)	an Officers’
      Certificate stating that, in the opinion of the signers, all conditions
      precedent, if any, provided for in this Indenture relating to the proposed
      action have been complied with; and
	       	             
      	 
		(b)	an Opinion of Counsel
      stating that, in the opinion of such counsel, all such conditions
      precedent have been complied with.

Section 10.5. Statements Required in
Certificate or Opinion.

     Each
certificate or opinion with respect to compliance with a condition or covenant
provided for in this Indenture (other than a certificate provided pursuant to
TIA Section 314(a)(4)) shall comply with the provisions of TIA Section 314(e)
and shall include:

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

Section 10.6. Rules by Trustee and
Agents.

     The Trustee
may make reasonable rules for action by or a meeting of Securityholders of one
or more Series. Any Agent may make reasonable rules and set reasonable
requirements for its functions.

Section 10.7. Legal
Holidays.

     Unless
otherwise provided by Board Resolution, Officers’ Certificate or supplemental
indenture for a particular Series, a “Legal Holiday” is any day that is not a
Business Day. If a payment date is a Legal Holiday at a place of payment,
payment may be made at that place on the next succeeding day that is not a Legal
Holiday, and no interest shall accrue for the intervening period.

Section 10.8. No Recourse Against
Others.

     A director,
officer, employee or stockholder, as such, of the Company shall not have any
liability for any obligations of the Company under the Securities or the
Indenture or for any claim based on, in respect of or by reason of such
obligations or their creation. Each Securityholder by accepting a Security
waives and releases all such liability. The waiver and release are part of the
consideration for the issue of the Securities.

32

Section 10.9.
Counterparts.

     This
Indenture may be executed in any number of counterparts and by the parties
hereto in separate counterparts, each of which when so executed shall be deemed
to be an original and all of which taken together shall constitute one and the
same agreement.

Section 10.10. Governing
Laws.

     THIS
INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY, AND CONSTRUED UNDER, THE LAWS
OF THE STATE OF NEW YORK.

Section 10.11. No Adverse
Interpretation of Other Agreements.

     This
Indenture may not be used to interpret another indenture, loan or debt agreement
of the Company or a Subsidiary. Any such indenture, loan or debt agreement may
not be used to interpret this Indenture.

Section 10.12.
Successors.

     All agreements of
the Company in this Indenture and the Securities shall bind its successor. All
agreements of the Trustee in this Indenture shall bind its successor.

Section 10.13.
Severability.

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

Section 10.14. Table of Contents,
Headings, Etc.

     The Table of
Contents, Cross Reference Table, and headings of the Articles and Sections of
this Indenture have been inserted for convenience of reference only, are not to
be considered a part hereof, and shall in no way modify or restrict any of the
terms or provisions hereof.

Section 10.15. Securities in a Foreign
Currency or in ECU.

     Unless
otherwise specified in a Board Resolution, a supplemental indenture hereto or an
Officers’ Certificate delivered pursuant to Section 2.2 of this Indenture with
respect to a particular Series of Securities, whenever for purposes of this
Indenture any action may be taken by the Holders of a specified percentage in
aggregate principal amount of Securities of all Series or all Series affected by
a particular action at the time outstanding and, at such time, there are
outstanding Securities of any Series which are denominated in a coin or currency
other than Dollars (including ECUs), then the principal amount of Securities of
such Series which shall be deemed to be outstanding for the purpose of taking
such action shall be that amount of Dollars that could be obtained for such
amount at the Market Exchange Rate at such time. For purposes of this Section
10.15, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York
City for cable transfers of that currency as published by the Federal Reserve
Bank of New York; provided, however, in the case of ECUs, Market Exchange Rate
shall mean the rate of exchange determined by the Commission of the European
Union (or any successor thereto) as published in the Official Journal of the
European Union (such publication or any successor publication, the “Journal”).
If such Market Exchange Rate is not available for any reason with respect to
such currency, the Trustee shall use, in its sole discretion and without
liability on its part, such quotation of the Federal Reserve Bank of New York
or, in the case of ECUs, the rate of exchange as published in the Journal, as of
the most recent available date, or quotations or, in the case of ECUs, rates of
exchange from one or more major banks in The City of New York or in the country
of issue of the currency in question or, in the case of ECUs, in Luxembourg or
such other quotations or, in the case of ECUs, rates of exchange as the Trustee,
upon consultation with the Company, shall deem appropriate. The provisions of
this paragraph shall apply in determining the equivalent principal amount in
respect of Securities of a Series denominated in currency other than Dollars in
connection with any action taken by Holders of Securities pursuant to the terms
of this Indenture.

33 

     All
decisions and determinations of the Trustee regarding the Market Exchange Rate
or any alternative determination provided for in the preceding paragraph shall
be in its sole discretion and shall, in the absence of manifest error, be
conclusive to the extent permitted by law for all purposes and irrevocably
binding upon the Company and all Holders.

Section 10.16. Judgment
Currency.

     The Company
agrees, to the fullest extent that it may effectively do so under applicable
law, that (a) if for the purpose of obtaining judgment in any court it is
necessary to convert the sum due in respect of the principal of or interest or
other amount on the Securities of any Series (the “Required Currency”) into a
currency in which a judgment will be rendered (the “Judgment Currency”), the
rate of exchange used shall be the rate at which in accordance with normal
banking procedures the Trustee could purchase in The City of New York the
Required Currency with the Judgment Currency on the day on which final
unappealable judgment is entered, unless such day is not a New York Banking Day,
then, the rate of exchange used shall be the rate at which in accordance with
normal banking procedures the Trustee could purchase in The City of New York the
Required Currency with the Judgment Currency on the New York Banking Day
preceding the day on which final unappealable judgment is entered and (b) its
obligations under this Indenture to make payments in the Required Currency (i)
shall not be discharged or satisfied by any tender, any recovery pursuant to any
judgment (whether or not entered in accordance with subsection (a)), in any
currency other than the Required Currency, except to the extent that such tender
or recovery shall result in the actual receipt, by the payee, of the full amount
of the Required Currency expressed to be payable in respect of such payments,
(ii) shall be enforceable as an alternative or additional cause of action for
the purpose of recovering in the Required Currency the amount, if any, by which
such actual receipt shall fall short of the full amount of the Required Currency
so expressed to be payable, and (iii) shall not be affected by judgment being
obtained for any other sum due under this Indenture. For purposes of the
foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a
legal holiday in The City of New York on which banking institutions are
authorized or required by law, regulation or executive order to
close.

ARTICLE XI.
SINKING
FUNDS

Section 11.1. Applicability of
Article.

     The
provisions of this Article shall be applicable to any sinking fund for the
retirement of the Securities of a Series, except as otherwise permitted or
required by any form of Security of such Series issued pursuant to this
Indenture.

     The minimum
amount of any sinking fund payment provided for by the terms of the Securities
of any Series is herein referred to as a “mandatory sinking fund payment” and
any other amount provided for by the terms of Securities of such Series is
herein referred to as an “optional sinking fund payment.” If provided for by the
terms of Securities of any Series, the cash amount of any sinking fund payment
may be subject to reduction as provided in Section 11.2. Each sinking fund
payment shall be applied to the redemption of Securities of any Series as
provided for by the terms of the Securities of such Series.

34

Section 11.2. Satisfaction of Sinking
Fund Payments with Securities.

     The Company
may, in satisfaction of all or any part of any sinking fund payment with respect
to the Securities of any Series to be made pursuant to the terms of such
Securities (1) deliver outstanding Securities of such Series to which such
sinking fund payment is applicable (other than any of such Securities previously
called for mandatory sinking fund redemption) and (2) apply as credit Securities
of such Series to which such sinking fund payment is applicable and which have
been redeemed either at the election of the Company pursuant to the terms of
such Series of Securities (except pursuant to any mandatory sinking fund) or
through the application of permitted optional sinking fund payments or other
optional redemptions pursuant to the terms of such Securities, provided that
such Securities have not been previously so credited. Such Securities shall be
received by the Trustee, together with an Officers’ Certificate with respect
thereto, not later than 15 days prior to the date on which the Trustee begins
the process of selecting Securities for redemption, and shall be credited for
such purpose by the Trustee at the price specified in such Securities for
redemption through operation of the sinking fund and the amount of such sinking
fund payment shall be reduced accordingly. If as a result of the delivery or
credit of Securities in lieu of cash payments pursuant to this Section 11.2, the
principal amount of Securities of such Series to be redeemed in order to exhaust
the aforesaid cash payment shall be less than $100,000, the Trustee need not
call Securities of such Series for redemption, except upon receipt of a Company
Order that such action be taken, and such cash payment shall be held by the
Trustee or a Paying Agent and applied to the next succeeding sinking fund
payment, provided, however, that the Trustee or such Paying Agent shall from
time to time upon receipt of a Company Order pay over and deliver to the Company
any cash payment so being held by the Trustee or such Paying Agent upon delivery
by the Company to the Trustee of Securities of that Series purchased by the
Company having an unpaid principal amount equal to the cash payment required to
be released to the Company.

Section 11.3. Redemption of Securities
for Sinking Fund.

     Not less
than 45 days (unless otherwise indicated in the Board Resolution, supplemental
indenture hereto or Officers’ Certificate in respect of a particular Series of
Securities) prior to each sinking fund payment date for any Series of
Securities, the Company will deliver to the Trustee an Officers’ Certificate
specifying the amount of the next ensuing mandatory sinking fund payment for
that Series pursuant to the terms of that Series, the portion thereof, if any,
which is to be satisfied by payment of cash and the portion thereof, if any,
which is to be satisfied by delivering and crediting of Securities of that
Series pursuant to Section 11.2, and the optional amount, if any, to be added in
cash to the next ensuing mandatory sinking fund payment, and the Company shall
thereupon be obligated to pay the amount therein specified. Not less than 30
days (unless otherwise indicated in the Board Resolution, Officers’ Certificate
or supplemental indenture in respect of a particular Series of Securities)
before each such sinking fund payment date the Trustee shall select the
Securities to be redeemed upon such sinking fund payment date in the manner
specified in Section 3.2 and cause notice of the redemption thereof to be given
in the name of and at the expense of the Company in the manner provided in
Section 3.3. Such notice having been duly given, the redemption of such
Securities shall be made upon the terms and in the manner stated in Sections
3.4, 3.5 and 3.6.

35 

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

	GERON
      CORPORATION  
	By:  
	  
	  	 
	Name:  
	Its:  
	  
	[Name
      of Trustee]  
	  
	By:  
	  
	  	 
	Name:  
	Its:  

36

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