Document:

exv4w5

 

EXHIBIT 4.5

 

PLANETOUT INC.

and

Wells Fargo Bank, National Association, Trustee

INDENTURE

Dated as of ________, 2006

 

Senior Securities

 

 

 

Table Of Contents

	 	 	 	 	 
	 	 	Page	 
	Article 1
	 	 	 	 
	DEFINITIONS
	 	 	 	 
	 
	 	 	 	 
	Section 1.01. Certain Terms Defined
	 	 	1	 
	Article 2
	 	 	 	 
	SECURITIES
	 	 	 	 
	 
	 	 	 	 
	Section 2.01. Forms Generally
	 	 	8	 
	Section 2.02. Form Of Trustee’s Certification Of Authentication
	 	 	8	 
	Section 2.03. Amount Unlimited; Issuable In Series
	 	 	9	 
	Section 2.04. Authentication And Delivery Of Securities
	 	 	11	 
	Section 2.05. Execution Of Securities
	 	 	12	 
	Section 2.06. Certificate Of Authentication
	 	 	13	 
	Section 2.07. Denomination And Date Of Securities; Payments Of Interest
	 	 	13	 
	Section 2.08. Registration, Transfer And Exchange
	 	 	14	 
	Section 2.09. Mutilated, Defaced, Destroyed, Lost And Stolen Securities
	 	 	17	 
	Section 2.10. Cancellation Of Securities; Destruction Thereof
	 	 	18	 
	Section 2.11. Temporary Securities
	 	 	18	 
	Section 2.12. Computation Of Interest
	 	 	18	 
	Article 3
	 	 	 	 
	COVENANTS OF THE ISSUER AND THE TRUSTEE
	 	 	 	 
	 
	 	 	 	 
	Section 3.01. Payment Of Principal And Interest
	 	 	19	 
	Section 3.02. Offices For Payments, Etc
	 	 	19	 
	Section 3.03. Paying Agents
	 	 	19	 
	Section 3.04. Certificate Of The Issuer
	 	 	20	 
	Section 3.05. Securityholders Lists
	 	 	21	 
	Section 3.06. Reports By The Issuer
	 	 	21	 
	Section 3.07. Corporate Existence
	 	 	21	 
	Section 3.08. Restrictions On Mergers, Sales And Consolidations
	 	 	21	 
	Section 3.09. Further Assurances
	 	 	21	 
	Article 4
	 	 	 	 
	REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS
	 	 	 	 
	ON EVENT OF DEFAULT
	 	 	 	 
	 
	 	 	 	 
	Section 4.01. Event Of Default Defined; Acceleration Of Maturity; Waiver Of Default
	 	 	22	 
	Section 4.02. Collection Of Indebtedness By Trustee; Trustee May Prove Debt
	 	 	24	 
	Section 4.03. Application Of Proceeds
	 	 	27	 
	Section 4.04. Suits For Enforcement
	 	 	28	 
	Section 4.05. Restoration Of Rights On Abandonment Of Proceedings
	 	 	28	 

i.

 

Table Of Contents

	 	 	 	 	 
	 	 	Page	 
	Section 4.06. Limitations On Suits By Securityholder
	 	 	28	 
	Section 4.07. Unconditional Right Of Securityholders To Institute Certain Suits
	 	 	29	 
	Section 4.08. Powers And Remedies Cumulative; Delay Or Omission Not Waiver Of Default
	 	 	29	 
	Section 4.09. Control By Securityholders
	 	 	29	 
	Section 4.10. Waiver Of Past Defaults
	 	 	30	 
	Section 4.11. Trustee To Give Notice Of Default, But May Withhold In Certain Circumstances
	 	 	30	 
	Section 4.12. Right Of Court To Require Filing Of Undertaking To Pay Costs
	 	 	30	 
	 
	Article 5
	 	 	 	 
	CONCERNING THE TRUSTEE
	 	 	 	 
	 
	 	 	 	 
	Section 5.01. Duties And Responsibilities Of The Trustee; During Default; Prior To Default
	 	 	31	 
	Section 5.02. Certain Rights Of The Trustee
	 	 	32	 
	Section 5.03. Trustee Not Responsible For Recitals, Disposition Of Securities Or Application Of Proceeds Thereof
	 	 	34	 
	Section 5.04. Trustee And Agents May Hold Securities; Collections, Etc
	 	 	34	 
	Section 5.05. Moneys Held By Trustee
	 	 	34	 
	Section 5.06. Compensation And Indemnification Of Trustee And Its Prior Claim
	 	 	34	 
	Section 5.07. Right Of Trustee To Rely On Officer’s Certificate, Etc
	 	 	35	 
	Section 5.08. Persons Eligible For Appointment As Trustee
	 	 	35	 
	Section 5.09. Resignation And Removal; Appointment Of Successor Trustee
	 	 	35	 
	Section 5.10. Acceptance Of Appointment By Successor
	 	 	37	 
	Section 5.11. Merger, Conversion, Consolidation Or Succession To Business Of Trustee
	 	 	38	 
	Section 5.12. Reports To The Trustee
	 	 	38	 
	Article 6
	 	 	 	 
	CONCERNING THE SECURITYHOLDERS
	 	 	 	 
	 
	 	 	 	 
	Section 6.01. Evidence Of Action Taken By Securityholders
	 	 	39	 
	Section 6.02. Proof Of Execution Of Instruments And Of Holding Of Securities; Record Date
	 	 	39	 
	Section 6.03. Holders To Be Treated As Owners
	 	 	40	 
	Section 6.04. Securities Owned By Issuer Deemed Not Outstanding
	 	 	40	 
	Section 6.05. Right Of Revocation Of Action Taken
	 	 	41	 

ii.

 

Table Of Contents

	 	 	 	 	 
	 	 	Page	 
	Article 7
	 	 	 	 
	SUPPLEMENTAL INDENTURES
	 	 	 	 
	 
	 	 	 	 
	Section 7.01. Supplemental Indentures Without Consent Of Securityholders
	 	 	41	 
	Section 7.02. Supplemental Indentures With Consent Of Securityholders
	 	 	43	 
	Section 7.03. Effect Of Supplemental Indenture
	 	 	45	 
	Section 7.04. Documents To Be Given To Trustee
	 	 	45	 
	Section 7.05. Notation On Securities In Respect Of Supplemental Indentures
	 	 	46	 
	 
	Article 8
	 	 	 	 
	CONSOLIDATION, MERGER, SALE OR CONVEYANCE
	 	 	 	 
	 
	 	 	 	 
	Section 8.01. Issuer May Consolidate, Etc.,
	 	 	46	 
	Section 8.02. Successor Corporation Substituted
	 	 	46	 
	Article 9
	 	 	 	 
	DISCHARGE OF INDENTURE
	 	 	 	 
	 
	 	 	 	 
	Section 9.01. Defeasance Within One Year Of Payment
	 	 	47	 
	Section 9.02. Defeasance
	 	 	48	 
	Section 9.03. Covenant Defeasance
	 	 	49	 
	Section 9.04. Application Of Trust Money
	 	 	50	 
	Section 9.05. Repayment To Issuer
	 	 	51	 
	Article 10
	 	 	 	 
	MISCELLANIOUS PROVISIONS
	 	 	 	 
	 
	 	 	 	 
	Section 10.01. Incorporators, Stockholders, Officers And Directors Of Issuer Exempt From Individual Liability
	 	 	51	 
	Section 10.02. Provisions Of Indenture For The Sole Benefit Of Parties And Securityholders
	 	 	52	 
	Section 10.03. Successors And Assigns Of Issuer Bound By Indenture
	 	 	52	 
	Section 10.04. Notices And Demands On Issuer, Trustee And Securityholders
	 	 	52	 
	Section 10.05. Officer’s Certificates And Opinions Of Counsel; Statements To Be Contained Therein
	 	 	53	 
	Section 10.06. Payments Due On Saturdays, Sundays And Holidays
	 	 	54	 
	Section 10.07. Conflict Of Any Provision Of Indenture With Trust Indenture Act Of 1939
	 	 	54	 
	Section 10.08. California Law To Govern
	 	 	54	 
	Section 10.09. Counterparts
	 	 	54	 
	Section 10.10. Effect Of Headings
	 	 	54	 

iii.

 

Table Of Contents

	 	 	 	 	 
	 	 	Page	 
	Article 11
	 	 	 	 
	REDEMPTION OF SECURITIES AND SINKING FUNDS
	 	 	 	 
	 
	 	 	 	 
	Section 11.01. Applicability Of Article
	 	 	54	 
	Section 11.02. Notice Of Redemption; Partial Redemptions
	 	 	54	 
	Section 11.03. Payment Of Securities Called For Redemption
	 	 	56	 
	Section 11.04. Exclusion Of Certain Securities From Eligibility For Selection For Redemption
	 	 	57	 
	Section 11.05. Mandatory And Optional Sinking Funds
	 	 	57	 
	Section 11.06. Conversion Arrangement On Call For Redemption
	 	 	59	 

iv.

 

     THIS INDENTURE, dated as of ___, 2006 between PLANETOUT INC., a Delaware corporation (the
“Issuer”), and Wells Fargo Bank, National Association (the “Trustee”).

W I T N E S S E T H:

     WHEREAS, the Issuer has duly authorized the issue from time to time of its unsecured
debentures, notes or other evidences of indebtedness to be issued in one or more series (the
“Securities”) up to such principal amount or amounts as may from time to time be authorized in
accordance with the terms of this Indenture and to provide, among other things, for the
authentication, delivery and administration thereof, the Issuer has duly authorized the execution
and delivery of this Indenture; and

     WHEREAS, all things necessary to make this Indenture a valid indenture and agreement according
to its terms have been done;

     NOW, THEREFORE:

     In consideration of the premises and the purchases of the Securities by the holders thereof,
the Issuer and the Trustee mutually covenant and agree for the equal and proportionate benefit of
the respective holders from time to time of the Securities as follows:

ARTICLE 1

DEFINITIONS

     Section 1.01 . Certain Terms Defined. The following terms (except as otherwise expressly
provided or unless the context otherwise clearly requires) for all purposes of this Indenture and
of any indenture supplemental hereto shall have the respective meanings specified in this Section.
All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939 or the
definitions of which in the Securities Act of 1933 are referred to in the Trust Indenture Act of
1939, including terms defined therein by reference to the Securities Act of 1933 (except as herein
otherwise expressly provided or unless the context otherwise requires), shall have the meanings
assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the
date of this Indenture. All accounting terms used herein and not expressly defined shall have the
meanings assigned to such terms in accordance with generally accepted accounting principles, and
the term “generally accepted accounting principles” means such accounting principles as are
generally accepted at the time of any computation. The words “herein”, “hereof” and “hereunder”
and other words of similar import refer to this Indenture as a whole and not to any particular
Article, Section or other subdivision. The terms defined in this Article have the meanings
assigned to them in this Article and include the plural as well as the singular.

1.

 

     “Board of Directors” means either the Board of Directors of the Issuer or any committee of
such Board duly authorized to act hereunder.

     “Business Day” means, with respect to any Security, a day that in the city (or in any of the
cities, if more than one) in which amounts are payable, as specified in the form of such Security,
is not a day on which banking institutions are authorized or required by law or regulation to
close.

     “Capital Stock” means, with respect to any Person, including the Issuer, any and all shares,
interests, participations or other equivalents (however designated, whether voting or non-voting)
of such Person’s capital stock or equity, including, without limitation, all common stock and
Preferred Stock.

     “Commission” means the Securities and Exchange Commission, as from time to time constituted,
created under the Securities Exchange Act of 1934, or if at any time after the execution and
delivery of this Indenture such Commission is not existing and performing the duties now assigned
to it under the Trust Indenture Act, then the body performing such duties on such date.

     “Common Stock” means, with respect to any Person, any and all shares, interests,
participations or other equivalents (however designated, whether voting or non-voting) of such
Person’s common stock, whether now outstanding or issued after the date of this Indenture,
including, without limitation, all series and classes of such common stock.

     “Corporate Trust Office” means the office of the Trustee at which the corporate trust business
of the Trustee shall, at any particular time, be principally administered, which office is, at the
date as of which this Indenture is dated, located at Sixth Street & Marquette Avenue, N9303-120,
Minneapolis, MN 55479, Attention: PlanetOut Administrator.

     “Default” means any Event of Default as defined in Section 4.01 and any event that is, or
after notice or passage of time or both would be, an Event of Default.

     “Depositary” means, with respect to the Securities of any series issuable or issued in the
form of one or more Registered Global Securities, the Person designated as Depositary by the Issuer
pursuant to Section 2.03 until a successor Depositary shall have become such pursuant to the
applicable provisions of this Indenture, and thereafter “Depositary” shall mean or include each
Person who is then a Depositary hereunder, and if at any time there is more than one such Person,
“Depositary” as used with respect to the Securities of any such series shall mean the Depositary
with respect to the Registered Global Securities of that series.

     “Designated Senior Indebtedness” means obligations of the Issuer under any Senior Indebtedness
with respect to which the instrument creating or

2.

 

evidencing the same or the assumption or guarantee thereof (or related agreements or documents
to which the Issuer is a party) expressly provides that the Senior Indebtedness shall be
‘‘Designated Senior Indebtedness’’ for purposes of the Indenture; provided that the instrument,
agreement or other document may place limitations and conditions on the right of that Senior
Indebtedness to exercise the rights of Designated Senior Indebtedness. If any payment made to any
holder of any Designated Senior Indebtedness or its representative with respect so such Designated
Senior Indebtedness is rescinded or must otherwise be returned by such holder or representative
upon the insolvency, bankruptcy or reorganization of the Issuer or otherwise, the reinstated
Indebtedness of the Issuer arising as a result f such rescission or return shall constitute
Designated Senior Indebtedness effective as of the date of such rescission or return.

     “Event of Default” means any event or condition specified as such in Section 4.01.

     “Holder”, “Holder of Securities”, “Securityholder” or other similar terms mean the registered
holder of any Security.

     “Indebtedness” means, with respect to any Person, and without duplication:

(a) all indebtedness, obligations and other liabilities (contingent or otherwise) of that
Person for borrowed money (including obligations of that Person in respect of overdrafts,
foreign exchange contracts, currency exchange agreements, interest rate protection
agreements, and any loans or advances from banks, whether or not evidenced by notes or
similar instruments) or evidenced by bonds, debentures, notes or similar instruments
(whether or not the recourse of the lender is to the whole of the assets of that Person or
to only a portion thereof), other than any account payable or other accrued current
liability or obligation incurred in the ordinary course of business in connection with the
obtaining of materials or services,

(b) all reimbursement obligations and other liabilities (contingent or otherwise) of that
Person with respect to letters of credit, bank guaranties or bankers’ acceptances,

(c) all obligations and liabilities (contingent or otherwise) in respect of leases of that
Person required, in conformity with generally accepted accounting principles, to be
accounted for as capitalized lease obligations on the balance sheet of that Person and all
obligations and other liabilities (contingent or otherwise) under any lease or related
document (including a purchase agreement) entered into for financing purposes in
connection with the lease of real property or improvements which provides that that Person
is contractually obligated to purchase or cause a third party to

3.

 

purchase the leased property or pay or guaranty a minimum residual value of the leased
property to the lessor and the obligations of that Person under the lease or related
document to purchase or to cause a third party to purchase the leased property,

(d) all obligations of that Person (contingent or otherwise) with respect to an interest
rate or other swap, cap or collar agreement or other similar instrument or agreement or
foreign currency hedge, exchange, purchase or similar instrument or agreement,

(e) all direct or indirect guaranties or similar agreements by that Person in respect of,
and obligations or liabilities (contingent or otherwise) of that Person to purchase or
otherwise acquire or otherwise assure a creditor against loss in respect of, indebtedness,
obligations or liabilities of another Person of the kind described in clauses (a) through
(d),

(f) any indebtedness or other obligations described in clauses (a) through (d) secured by
any mortgage, pledge, lien or other encumbrance existing on property which is owned or
held by that Person, regardless of whether the indebtedness or other obligation secured
thereby shall have been assumed by that Person, and

(g) any and all refinancings, replacements, deferrals, renewals, extensions and refundings
of, or amendments, modifications or supplements to, any indebtedness, obligation or
liability of the kind described in clauses (a) through (f).

     “Indenture” means this instrument as originally executed and delivered or, if amended or
supplemented as herein provided, as so amended or supplemented or both, and shall include the forms
and terms of particular series of Securities established as contemplated hereunder.

     “Interest” means, when used with respect to non-interest bearing Securities, interest payable
after maturity.

     “Issuer” means (except as otherwise provided in Article 5) PlanetOut Inc., a Delaware
corporation, and, subject to Article 8, its successors and assigns.

     “Officer’s Certificate” means a certificate signed by any of the following: the chairman of
the Board of Directors, the president, any vice president, the chief financial officer, the chief
legal officer, the treasurer, any assistant treasurer, the controller, any assistant controller or
the secretary or any assistant secretary of the Issuer or any other person authorized by the Board
of Directors to execute such a certificate and delivered to the Trustee. Each such certificate
shall comply with Section 314 of the Trust Indenture Act of 1939 and include the statements
provided for in Section 10.05.

4.

 

     “Opinion of Counsel” means an opinion in writing signed by legal counsel who may be an
employee of or counsel to the Issuer and who shall be reasonably satisfactory to the Trustee. Each
such opinion shall comply with Section 314 of the Trust Indenture Act of 1939 and include the
statements provided for in Section 10.05, if and to the extent required hereby.

     “Original Issue Discount Security” means any Security that provides for an amount less than
the principal amount thereof to be due and payable upon a declaration of acceleration of the
maturity thereof pursuant to Section 4.01.

     “Outstanding”, when used with reference to Securities, shall, subject to the provisions of
Section 6.04, mean, as of any particular time, all Securities authenticated and delivered by the
Trustee under this Indenture, except:

	 	(a)	 	Securities theretofore canceled by the Trustee or delivered to the Trustee
for cancellation;
	 
	 	(b)	 	Securities, or portions thereof, for the payment or redemption of which
moneys or U.S. Government Obligations (as provided by Section 9.01) in the necessary
amount shall have been deposited in trust with the Trustee or with any paying agent
(other than the Issuer) or shall have been set aside, segregated and held in trust by
the Issuer for the holders of such Securities (if the Issuer shall act as its own
paying agent), provided that if such Securities, or portions thereof, are to be
redeemed prior to the maturity thereof, notice of such redemption shall have been
given as herein provided, or provision reasonably satisfactory to the Trustee shall
have been made for giving such notice; and
	 
	 	(c)	 	Securities in substitution for which other Securities shall have been
authenticated and delivered, or which shall have been paid, pursuant to the terms of
Section 2.09 (except with respect to any such Security as to which proof reasonably
satisfactory to the Trustee is presented that such Security is held by a person in
whose hands such Security is a legal, valid and binding obligation of the Issuer).

     In determining whether the holders of the requisite principal amount of Outstanding Securities
of any or all series have given any request, demand, authorization, direction, notice, consent or
waiver hereunder, the principal amount of an Original Issue 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 4.01.

5.

 

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

     “Preferred Stock” means, with respect to any Person, any and all shares, interests,
participations or other equivalents (however designated, whether voting or non-voting) of such
Person’s preferred or preference stock, whether now outstanding or issued after the date of the
Indenture, including, without limitation, all series and classes of such preferred or preference
stock.

     “Principal” whenever used with reference to the Securities or any Security or any portion
thereof, shall be deemed to include “and premium, if any”.

     “Registered Global Security” means, a Security evidencing all or a part of a series of
Registered Securities, issued to the Depositary for such series in accordance with Section 2.04,
and bearing the legend prescribed in Section 2.04.

     “Registered Security” means any Security registered on the register maintained by the Issuer
pursuant to Section 2.08.

     “Responsible Officer” when used with respect to the Trustee means any president, vice
president, any assistant vice president, any assistant secretary, or any treasurer, assistant
treasurer within the Corporate Trust Services (or a successor group) of the Trustee or any other
officer of the Trustee customarily performing functions similar to those performed by the persons
who at the time shall be such officers, respectively, or to whom any corporate trust matter is
referred because of his knowledge of and familiarity with the particular subject.

     “Security” or “Securities” has the meaning stated in the first recital of this Indenture, or,
as the case may be, Securities that have been authenticated and delivered under this Indenture.

     “Senior Indebtedness” means the principal of, premium, if any, interest (including all
interest accruing subsequent to the commencement of any bankruptcy or similar proceeding, whether
or not a claim for post-petition interest is allowable as a claim in the proceeding) and rent
payable on or termination payment with respect to on or in connection with, and all fees, costs,
expenses and other amounts accrued or due on or in connection with, Indebtedness of the Issuer,
whether outstanding on the date of the Indenture or thereafter created, incurred, assumed,
guaranteed or in effect guaranteed by the Issuer (including all refinancings, replacements,
deferrals, renewals, extensions or refundings of, or amendments, modifications or supplements to,
the foregoing), unless in the case of any particular Indebtedness the instrument creating or
evidencing the same or the assumption or guarantee thereof expressly provides that the Indebtedness
shall not be senior in right of payment to the Securities or expressly provides that the
Indebtedness is pari passu or junior to the Securities. The term “Senior Indebtedness” shall
include all Designated Senior Indebtedness. Notwithstanding

6.

 

the foregoing, the term Senior Indebtedness shall not include Indebtedness of the Issuer to
any of its subsidiaries, a majority of the voting stock of which is owned, directly or indirectly,
by the Issuer.

     “Subsidiary” means, with respect to any Person, (i) any corporation, association or other
business entity of which more than 50% of the total voting power of shares of capital stock or
other equity interest entitled (without regard to the occurrence of any contingency) to vote in the
election of directors, managers or trustees thereof is at the time owned or controlled, directly or
indirectly, by such Person or one or more of the other subsidiaries of that Person (or a
combination thereof) and (ii) any partnership (a) the sole general partner or managing general
partner of which is such Person or a subsidiary of such Person or (b) the only general partners of
which are such Person or of one or more subsidiaries of such Person (or any combination thereof).

     “Trustee” means the Person identified as “Trustee” in the first paragraph hereof and, subject
to the provisions of Article 5, shall also include any successor trustee.

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

     “UCC” means the Uniform Commercial Code, as in effect in each applicable jurisdiction.

     “Unregistered Security” means any Security other than a Registered Security.

     “U.S. Government Obligations” means securities that 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 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 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 or the specific payment of
interest on or principal of the U.S. Government Obligation evidenced by such depository receipt.

     “vice president” when used with respect to the Issuer means any vice president, whether or not
designated by a number or a word or words added before or after the title of “vice president”.

7.

 

     “Wholly-Owned” is defined to mean, with respect to any Subsidiary of any person, such
Subsidiary if all of the outstanding common stock or other similar equity ownership interests (but
not including preferred stock) in such Subsidiary (other than any director’s qualifying shares or
investments by foreign nationals mandated by applicable law) is owned directly or indirectly by
such person.

     “Yield to Maturity” means the yield to maturity on a series of securities, calculated at the
time of issuance of such series, or, if applicable, at the most recent redetermination of interest
on such series, and calculated in accordance with accepted financial practice.

ARTICLE 2

SECURITIES

     Section 2.01 . Forms Generally. The Securities of each series shall be substantially in such
form (not inconsistent with this Indenture) as shall be established by or pursuant to a resolution
of the Board of Directors or in one or more indentures supplemental hereto, in each case with such
appropriate insertions, omissions, substitutions and other variations as are required or permitted
by this Indenture and may have imprinted or otherwise reproduced thereon such legend or
endorsements, or legends, not inconsistent with the provisions of this Indenture, as may be
required to comply with any law or with any rules or regulations pursuant thereto, or with any
rules of any securities exchange or to conform to general usage, all as may be determined by the
officers executing such Securities, as evidenced by their execution of the Securities. The Issuer
shall furnish any such legends to the Trustee in writing.

     The definitive Securities shall be printed, lithographed or engraved on steel engraved borders
or may be produced in any other manner, all as determined by the officers executing such
Securities, as evidenced by their execution of such Securities.

     Section 2.02 . Form Of Trustee’s Certification Of Authentication. The Trustee’s certificate
of authentication on all Securities shall be in substantially the following form:

8.

 

     This is one of the Securities of the series designated herein and referred to in the
within-mentioned Indenture.

	 	 	 	 	 
	 	[TRUSTEE],

as Trustee

 	 
	 	By:  	 	 
	 	 	       Authorized Signatory 	 
	 	 	 	 
	 

     Section 2.03 . Amount Unlimited; Issuable In Series. The aggregate principal amount of
Securities which may be authenticated and delivered under this Indenture is unlimited.

     The Securities may be issued in one or more series. There shall be established in or pursuant
to a resolution of the Board of Directors and set forth in an Officer’s Certificate, or established
in one or more indentures supplemental hereto, prior to the issuance of Securities of any series:

	 	(a)	 	the designation of the Securities of the series (which shall distinguish
the Securities of the series from all other Securities);
	 
	 	(b)	 	any limit upon the aggregate principal amount of the Securities of the
series that 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 2.08,
2.09, 2.11 or 11.03);
	 
	 	(c)	 	the date or dates on which the principal of the Securities of the series is
payable;
	 
	 	(d)	 	the rate or rates at which the Securities of the series shall bear
interest, if any, or the method by which such rate shall be determined, the date or
dates from which such interest shall accrue, the interest payment dates on which such
interest shall be payable and the record dates for the determination of Holders to
whom interest is payable;
	 
	 	(e)	 	the place or places where the principal of and any interest on Securities
of the series shall be payable (if other than as provided in Section 3.02);
	 
	 	(f)	 	the price or prices at which, the period or periods within which and the
terms and conditions upon which Securities of the series may

9.

 

	 	 	 	be redeemed, in whole or in part, at the option of the Issuer, pursuant to any
sinking fund or otherwise;
	 
	 	(g)	 	the obligation, if any, of the Issuer to redeem, purchase or repay
Securities of the series pursuant to any sinking fund or analogous provisions or at
the option of a Holder thereof and the price or prices at which and the period or
periods within which and the terms and conditions upon which Securities of the series
shall be redeemed, purchased or repaid, in whole or in part, pursuant to such
obligation;
	 
	 	(h)	 	the obligation, if any, of the Issuer to permit the conversion of the
Securities of such series into Capital Stock or other securities of the Issuer or to
permit the exchange of the Securities of such series into Capital Stock or other
securities of another Person, and the terms and conditions upon which such conversion
or exchange shall be effected (including, without limitation, the initial conversion
price or rate, the conversion period and any other provision in addition to or in
lieu of those set forth in this Indenture relative to such obligation);
	 
	 	(i)	 	if other than denominations of $1,000 and any multiple thereof, the
denominations in which Securities of the series shall be issuable;
	 
	 	(j)	 	if other than the principal amount thereof, the portion of the principal
amount of Securities of the series which shall be payable upon declaration of
acceleration of the maturity thereof pursuant to Section 4.01 or provable in
bankruptcy pursuant to Section 4.02;
	 
	 	(k)	 	any other terms of the series (which terms shall not be inconsistent with
the provisions of this Indenture);
	 
	 	(l)	 	any trustees, authenticating or paying agents, transfer agents or registrar
or any other agents with respect to the Securities of such series;
	 
	 	(m)	 	the right, if any, of the Issuer to redeem Securities, in whole or in part,
at its option and the period or periods within which, the price or prices at which
and any terms and conditions, including any redemption notice period, upon which
Securities of the series may be so redeemed, pursuant to any sinking fund or
otherwise;
	 
	 	(n)	 	if the Holders of the Securities of the series may convert or exchange the
Securities of the series into or for securities of the Issuer or of other entities or
other property (or the cash value thereof), the specific terms of and period during
which such conversion or exchange may be made;

10.

 

	 	(o)	 	whether the Securities of the series will be issuable as Registered
Securities (and if so, whether such Securities will be issuable as Registered Global
Securities) or Unregistered Securities (with or without coupons), or any combination
of the foregoing, any restrictions applicable to the offer, sale, transfer, exchange
or delivery of Unregistered Securities or Registered Securities or the payment of
interest thereon and, if other than as provided in Section 2.08, the terms upon which
Unregistered Securities of any series may be exchanged for Registered Securities of
such series and vice versa;
	 
	 	(p)	 	whether and under what circumstances the Issuer will pay additional amounts
on the Securities of the series held by a Person who is not a U.S. Person in respect
of any tax;
	 
	 	(q)	 	assessment or governmental charge withheld or deducted and, if so, whether
the Issuer will have the option to redeem such Securities rather than pay such
additional amounts;
	 
	 	(r)	 	if the Securities of such series are to be issuable in definitive form
(whether upon original issue or upon exchange of a temporary Security of such series)
only upon receipt of certain certificates or other documents or satisfaction of other
conditions, the form and terms of such certificates, documents or conditions;
	 
	 	(s)	 	any other events of default or covenants with respect to the Securities of
such series; and
	 
	 	(t)	 	any other terms of the series.

     All Securities of any one series shall be substantially identical except as to denomination
and except as may otherwise be provided in or pursuant to such resolution of the Board of Directors
or in any such indenture supplemental hereto.

     Section 2.04 . Authentication And Delivery Of Securities. At any time and from time to time
after the execution and delivery of this Indenture, the Issuer may deliver Securities of any series
executed by the Issuer to the Trustee for authentication, and the Trustee shall thereupon
authenticate and deliver such Securities to or upon the written order of the Issuer, signed by any
officer authorized to sign an Officer’s Certificate, without any further action by the Issuer. In
authenticating such Securities and accepting the additional responsibilities under this Indenture
in relation to such Securities the Trustee shall be entitled to receive, and (subject to Section
5.01) shall be fully protected in relying upon:

11.

 

	 	(a)	 	a certified copy of any resolution or resolutions of the Board of Directors
authorizing the action taken pursuant to the resolution or resolutions delivered
under clause 2.04(b) below;
	 
	 	(b)	 	a copy of any resolution or resolutions of the Board of Directors relating
to such series, in each case certified by the Secretary or an Assistant Secretary of
the Issuer;
	 
	 	(c)	 	an executed supplemental indenture, if any, and the documentation required
to be delivered pursuant to Section 7.04; or
	 
	 	(d)	 	an Officer’s Certificate setting forth the form and terms of the Securities
as required pursuant to Section 2.01 and 2.03, respectively and prepared in
accordance with Section 10.05.

     The Trustee shall have the right to decline to authenticate and deliver any Securities under
this section if the Trustee, being reasonably advised by counsel, determines that such action may
not lawfully be taken by the Issuer or if the Trustee in good faith by its board of directors or
board of trustees, executive committee, or a trust committee of directors or trustees or
Responsible Officers shall determine that such action would expose the Trustee to personal
liability.

     If the Issuer shall establish pursuant to Section 2.03 that the Securities of a series are to
be issued in the form of one or more Registered Global Securities, then the Issuer shall execute
and the Trustee shall, in accordance with this Section and the Officer’s Certificate with respect
to such series, authenticate and deliver one or more Registered Global Securities that (i) shall
represent and shall be denominated in an amount equal to the aggregate principal amount of all of
the Securities of such series issued and not yet cancelled, (ii) shall be registered in the name of
the Depositary for such Registered Global Security or Securities or the nominee of such Depositary,
(iii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s
instructions and (iv) shall bear a legend substantially to the following effect: “Unless and until
it is exchanged in whole or in part for Securities in definitive registered form, this Security may
not be transferred except as a whole by the Depositary to the nominee of the Depositary or by a
nominee of the Depositary to the Depositary or another nominee of the Depositary or by the
Depositary or any such nominee to a successor Depositary or a nominee of such successor
Depositary.”

     Each Depositary designated pursuant to Section 2.03 must, at the time of its designation and
at all times while it serves as Depositary, be a clearing agency registered under the Securities
Exchange Act of 1934 and any other applicable statute or regulation.

     Section 2.05 . Execution Of Securities. The Securities shall be signed on behalf of the
Issuer by any one of the following: the chairman of its Board of Directors, its president, any vice
president, its treasurer or any assistant treasurer,

12.

 

chief financial officer or chief legal officer or any officer authorized by the Board of
Directors, under its corporate seal which may, but need not, be attested. Such signatures may be
the manual or facsimile signatures of the present or any future such officers. The seal of the
Issuer may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or
otherwise reproduced on the Securities. Typographical and other minor errors or defects in any
such reproduction of the seal or any such signature shall not affect the validity or enforceability
of any Security that has been duly authenticated and delivered by the Trustee.

     In case any officer of the Issuer who shall have signed any of the Securities shall cease to
be such officer before the Security so signed shall be authenticated and delivered by the Trustee
or disposed of by the Issuer, such Security nevertheless may be authenticated and delivered or
disposed of as though the person who signed such Security had not ceased to be such officer of the
Issuer; and any Security may be signed on behalf of the Issuer by such persons as, at the actual
date of the execution of such Security, shall be the proper officers of the Issuer, although at the
date of the execution and delivery of this Indenture any such person was not such an officer.

     Section 2.06 . Certificate Of Authentication. Only such Securities as shall bear thereon a
certificate of authentication substantially in the form hereinbefore recited, executed by the
Trustee by the manual signature of one of its authorized signatories, shall be entitled to the
benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the
Trustee upon any Security executed by the Issuer shall be conclusive evidence that the Security so
authenticated has been duly authenticated and delivered hereunder and that the holder is entitled
to the benefits of this Indenture.

     Section 2.07 . Denomination And Date Of Securities; Payments Of Interest. The Securities
shall be issuable as registered securities without coupons and in denominations as shall be
specified as contemplated by Section 2.03. In the absence of any such specification with respect
to the Securities of any series, the Securities of such series shall be issuable in denominations
of $1,000 and any multiple thereof. The Securities shall be numbered, lettered, or otherwise
distinguished in such manner or in accordance with such plan as the officers of the Issuer
executing the same may determine as evidenced by the execution and authentication thereof.

     Each Security shall be dated the date of its authentication, shall bear interest, if any, from
the date and shall be payable on the dates, in each case, which shall be specified as contemplated
by Section 2.03.

     The person in whose name any Security of any series is registered at the close of business on
any record date applicable to a particular series with respect to any interest payment date for
such series shall be entitled to receive the interest, if any, payable on such interest payment
date notwithstanding any transfer or

13.

 

exchange of such Security subsequent to the record date and prior to such interest payment
date, except if and to the extent the Issuer shall default in the payment of the interest due on
such interest payment date for such series, in which case such defaulted interest shall be paid to
the persons in whose names Outstanding Securities for such series are registered at the close of
business on a subsequent record date (which shall be not less than five Business Days prior to the
date of payment of such defaulted interest) established by notice given by mail by or on behalf of
the Issuer to the holders of Securities not less than 15 days preceding such subsequent record
date. The term “record date” as used with respect to any interest payment date (except a date for
payment of defaulted interest) shall mean the date specified as such in the terms of the Securities
of any particular series, or, if no such date is so specified, if such interest payment date is the
first day of a calendar month, the fifteenth day of the next preceding calendar month or, if such
interest payment date is the fifteenth day of a calendar month, the first day of such calendar
month, whether or not such record date is a Business Day.

     Section 2.08 . Registration, Transfer And Exchange. The Issuer will keep or cause to be kept
at each office or agency to be maintained for the purpose as provided in Section 3.02 a register or
registers in which, subject to such reasonable regulations as it may prescribe, it will register,
and will register the transfer of, Securities as in this Article provided. Such register shall be
in written form in the English language or in any other form capable of being converted into such
form within a reasonable time. At all reasonable times such register or registers shall be open
for inspection by the Trustee.

     Upon due presentation for registration of transfer of any Security of any series at any such
office or agency to be maintained for the purpose as provided in Section 3.02, the Issuer shall
execute and the Trustee shall authenticate and deliver in the name of the transferee or transferees
a new Security or Securities of the same series in authorized denominations for a like aggregate
principal amount.

     Any Security or Securities of any series (other than a Registered Global Security, except as
set forth below) may be exchanged for a Security or Securities of the same series in other
authorized denominations, in an equal aggregate principal amount. Securities of any series to be
exchanged shall be surrendered at any office or agency to be maintained by the Issuer for the
purpose as provided in Section 3.02, and the Issuer shall execute and the Trustee shall
authenticate and deliver in exchange therefor the Security or Securities of the same series which
the Securityholder making the exchange shall be entitled to receive, bearing numbers not
contemporaneously outstanding.

     Whenever any Securities are so surrendered for exchange, the Issuer shall execute, and the
Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is
entitled to receive. All Securities and Coupons surrendered upon any exchange or transfer provided
for in this Indenture shall be

14.

 

promptly cancelled and disposed of by the Trustee and the Trustee will deliver a certificate
of disposition thereof to the Issuer.

     All Securities presented for registration of transfer, exchange, redemption, conversion or
payment shall (if so required by the Issuer or the Trustee) be duly endorsed by, or be accompanied
by a written instrument or instruments of transfer in form satisfactory to the Issuer and the
Trustee duly executed by, the holder or his attorney duly authorized in writing.

     The Issuer may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any exchange or registration of transfer of
Securities. No service charge shall be made for any such transaction.

     The Issuer shall not be required to exchange or register a transfer of (a) any Securities of
any series for a period of 15 days next preceding the mailing or first publication of notice of
redemption of Securities of such series to be redeemed, or (b) any Securities selected, called or
being called for redemption except, in the case of any Security where notice has been given that
such Security is to be redeemed in part, the portion thereof not so to be redeemed.

     Notwithstanding any other provision of this Section 2.08, unless and until it is exchanged in
whole or in part for Securities in definitive registered form, a Registered Global Security
representing all or a portion of the Securities of a series may not be transferred except as a
whole by the Depositary for such series to a nominee of such Depositary or by a nominee of such
Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any
such nominee to a successor Depositary for such series or a nominee of such successor Depositary.

     If at any time the Depositary for any Registered Securities of a series represented by one or
more Registered Global Securities notifies the Issuer that it is unwilling or unable to continue as
Depositary for such Registered Securities or if at any time the Depositary for such Registered
Securities shall no longer be eligible under Section 2.04, the Issuer shall appoint a successor
Depositary eligible under Section 2.04 with respect to such Registered Securities. If a successor
Depositary eligible under Section 2.04 for such Registered Securities is not appointed by the
Issuer within 90 days after the Issuer receives such notice or becomes aware of such ineligibility,
the Issuer’s election pursuant to Section 2.03 that such Registered Securities be represented by
one or more Registered Global Securities shall no longer be effective and the Issuer will execute,
and the Trustee, upon receipt of an Officer’s Certificate for the authentication and delivery of
definitive Securities of such series, will authenticate and deliver, Securities of such series in
definitive registered form without coupons, in any authorized denominations, in an aggregate
principal amount equal to the principal amount of

15.

 

the Registered Global Security or Securities representing such Registered Securities in
exchange for such Registered Global Security or Securities.

     The Issuer may at any time and in its sole discretion determine that the Registered Securities
of any series issued in the form of one or more Registered Global Securities shall no longer be
represented by a Registered Global Security or Securities. In such event the Issuer will execute,
and the Trustee, upon receipt of an Officer’s Certificate for the authentication and delivery of
definitive Securities of such series, will authenticate and deliver, Securities of such series in
definitive registered form without coupons, in any authorized denominations, in an aggregate
principal amount equal to the principal amount of the Registered Global Security or Securities
representing such Registered Securities, in exchange for such Registered Global Security or
Securities.

     If specified by the Issuer pursuant to Section 2.03 with respect to Securities represented by
a Registered Global Security, the Depositary for such Registered Global Security may surrender such
Registered Global Security in exchange in whole or in part for Securities of the same series in
definitive registered form on such terms as are acceptable to the Issuer and such Depositary.
Thereupon, the Issuer shall execute, and the Trustee shall authenticate and deliver, without
service charge,

	 	(a)	 	to the Person specified by such Depositary a new Registered Security or
Securities of the same series, of any authorized denominations as requested by such
Person, in an aggregate principal amount equal to and in exchange for such Person’s
beneficial interest in the Registered Global Security; and
	 
	 	(b)	 	to such Depositary a new Registered Global Security in a denomination equal
to the difference, if any, between the principal amount of the surrendered Registered
Global Security and the aggregate principal amount of Registered Securities
authenticated and delivered pursuant to clause (a) above.

     Upon the exchange of a Registered Global Security for Securities in definitive registered form
without coupons, in authorized denominations, such Registered Global Security shall be cancelled by
the Trustee or an agent of the Issuer or the Trustee. Securities in definitive registered form
without coupons issued in exchange for a Registered Global Security pursuant to this Section 2.08
shall be registered in such names and in such authorized denominations as the Depositary for such
Registered Global Security, pursuant to instructions from its direct or indirect participants or
otherwise, shall instruct the Trustee or an agent of the Issuer or the Trustee. The Trustee or such
agent shall deliver such Securities to or as directed by the Persons in whose names such Securities
are so registered.

16.

 

     All Securities issued upon any transfer or exchange of Securities shall be valid obligations
of the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture, as
the Securities surrendered upon such transfer or exchange.

     Section 2.09 . Mutilated, Defaced, Destroyed, Lost And Stolen Securities. In case any
temporary or definitive Security shall become mutilated or defaced and shall be surrendered to the
Trustee, the Issuer shall execute, and the Trustee shall authenticate and deliver, a new Security
of the same series, bearing a number not contemporaneously Outstanding, in exchange and
substitution for the mutilated or defaced Security. If the Holder of any Security claims that the
Security has been lost, destroyed or wrongfully taken, the Issuer shall execute, and the Trustee
shall authenticate and deliver, a new Security of the same series, bearing a number not
contemporaneously outstanding, in exchange and substitution for the lost, destroyed or wrongfully
taken Security, if the applicant so requests before the Issuer has notice that the Security has
been acquired by a protected purchaser, and the applicant furnishes to the Issuer and to the
Trustee and any agent of the Issuer or the Trustee such security or indemnity as may be required by
them to indemnify and defend and to save each of them harmless and the applicant satisfies other
reasonable requirements imposed by the Issuer.

     Upon the issuance of any substitute Security, the Issuer 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 and its counsel) connected
therewith. In case any Security which has matured or is about to mature or has been called for
redemption in full shall become mutilated or defaced or be destroyed, lost or stolen, the Issuer
may instead of issuing a substitute Security, pay or authorize the payment of the same (without
surrender thereof except in the case of a mutilated or defaced Security), if the applicant for such
payment shall furnish to the Issuer and to the Trustee and any agent of the Issuer or the Trustee
such security or indemnity as any of them may require to save each of them harmless, and, in every
case of destruction, loss or wrongful taking, the applicant shall also furnish to the Issuer and
the Trustee and any agent of the Issuer or the Trustee evidence to their satisfaction of the
destruction, loss or wrongful taking of such Security and of the ownership thereof.

     Every substitute Security of any series issued pursuant to the provisions of this section by
virtue of the fact that any such Security is destroyed, lost or stolen shall constitute an
additional contractual obligation of the Issuer, whether or not the destroyed, lost or wrongfully
taken Security shall be at any time enforceable by anyone and shall be entitled to all the benefits
of (but shall be subject to all the limitations of rights set forth in) this Indenture equally and
proportionately with any and all other Securities of such series duly authenticated and delivered
hereunder. All Securities shall be held and owned upon the express condition that, to the extent
permitted by law, the foregoing provisions are exclusive with

17.

 

respect to the replacement or payment of mutilated, defaced or destroyed, lost or wrongfully
taken Securities and shall preclude any and all other rights or remedies.

     Section 2.10 . Cancellation Of Securities; Destruction Thereof. All Securities surrendered
for payment, redemption, conversion, registration of transfer or exchange, or for credit against
any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of
the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to
the Trustee, shall be canceled by it; and no Securities shall be issued in lieu thereof except as
expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of
canceled Securities held by it in accordance with the record retention policies of the Trustee in
effect from time to time and, if such cancelled certificates are destroyed, shall deliver a
certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such
acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by
such Securities unless and until the same are delivered to the Trustee for cancellation.

     Section 2.11 . Temporary Securities. Pending the preparation of definitive Securities for
any series, the Issuer may execute and the Trustee shall authenticate and deliver temporary
Securities for such series (printed, lithographed, typewritten or otherwise reproduced, in each
case in form satisfactory to the Trustee). Temporary Securities of any series shall be issuable as
registered Securities without coupons, of any authorized denomination, and substantially in the
form of the definitive Securities of such series but with such omissions, insertions and variations
as may be appropriate for temporary Securities, all as may be determined by the Issuer with the
concurrence of the Trustee. Temporary Securities may contain such reference to any provisions of
this Indenture as may be appropriate. Every temporary Security shall be executed by the Issuer and
be authenticated by the Trustee upon the same conditions and in substantially the same manner, and
with like effect, as the definitive Securities. Without unreasonable delay the Issuer shall
execute and shall furnish definitive Securities of such series and thereupon temporary Securities
of such series may be surrendered in exchange therefor without charge at each office or agency to
be maintained by the Issuer for that purpose pursuant to Section 3.02, and the Trustee shall
authenticate and deliver in exchange for such temporary Securities of such series a like aggregate
principal amount of definitive Securities of the same series of authorized denominations. Until so
exchanged, the temporary Securities of any series shall be entitled to the same benefits under this
Indenture as definitive Securities of such series.

     Section 2.12 . Computation Of Interest. Except as otherwise specified in the Securities of a
series, interest shall be computed on the basis of a 360-day year of twelve 30-day months.

18.

 

ARTICLE 3

COVENANTS OF THE ISSUER AND THE TRUSTEE

     Section 3.01 Payment Of Principal And Interest. The Issuer covenants and agrees for the
benefit of each series of Securities that it will duly and punctually pay or cause to be paid the
principal of, and interest on, each of the Securities of such series at the place or places, at the
respective times and in the manner provided in such Securities. Each installment of interest on
the Securities of any series may be paid by mailing checks for such interest payable to or upon the
written order of the holders of Securities entitled thereto as they shall appear on the registry
books of the Issuer.

     Section 3.02 . Offices For Payments, Etc. So long as any of the Securities remain
Outstanding, the Issuer will maintain an office or agency (a) where the Securities may be presented
for payment, (b) where the Securities may be presented for registration of transfer and for
exchange as in this Indenture provided, (c) where notices and demands to or upon the Issuer in
respect of the Securities or of this Indenture may be served and (d) for Securities of each series
that is convertible, where such Securities may be presented for conversion. The Issuer will give
to the Trustee written notice of the location of any such office or agency and of any change of
location thereof. Unless otherwise specified in accordance with Section 2.03, the Issuer hereby
initially designates the Corporate Trust Office of Trustee as the office to be maintained by it for
each such purpose. In case the Issuer shall fail to so designate or maintain any such office or
agency or shall fail to give such notice of the location or of any change in the location thereof,
presentations and demands may be made and notices may be served at the Corporate Trust Office.

     Section 3.03 . Paying Agents. Whenever the Issuer shall appoint a paying agent other than
the Trustee with respect to the Securities of any series, it will cause such paying agent to
execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee,
subject to the provisions of this Section,

	 	(a)	 	that it will hold all sums received by it as such agent for the payment of
the principal of or interest on the Securities of such series (whether such sums have
been paid to it by the Issuer or by any other obligor on the Securities of such
series) in trust for the benefit of the holders of the Securities of such series or
of the Trustee,
	 
	 	(b)	 	that it will give the Trustee notice of any failure by the Issuer (or by
any other obligor on the Securities of such series) to make any payment of the
principal of or interest on the Securities of such series when the same shall be due
and payable, and

19.

 

	 	(c)	 	pay any such sums so held in trust by it to the Trustee upon the Trustee’s
written request at any time during the continuance of the failure referred to in
clause 3.03(b) above.

     The Issuer will, on or prior to each due date of the principal of or interest on the
Securities of such series, deposit with the paying agent a sum sufficient to pay such principal or
interest so becoming due, and (unless such paying agent is the Trustee) the Issuer will promptly
notify the Trustee of any failure to take such action.

     If the Issuer shall act as its own paying agent with respect to the Securities of any Series,
it will, on or before each due date of the principal of or interest on the Securities of such
series, set aside, segregate and hold in trust for the benefit of the holders of the Securities of
such series a sum sufficient to pay such principal or interest so becoming due. The Issuer will
promptly notify the Trustee of any failure to take such action.

     Whenever the Issuer shall have one or more paying agents for any series of Securities, it
will, on or before each due date of the principal of or interest on any Securities of such series,
deposit with the paying agent or agents for the Securities of such series a sum, by 11:00 a.m. New
York time in immediately available funds on the payment date, sufficient to pay the principal or
interest so becoming due with respect to the Securities of such series, and (unless such paying
agent is the Trustee) the Issuer will promptly notify the Trustee in writing of any failure so to
act.

     Anything in this Section to the contrary notwithstanding, the Issuer may at any time, for the
purpose of obtaining a satisfaction and discharge with respect to one or more or all series of
Securities hereunder, or for any other reason, pay or cause to be paid to the Trustee all sums held
in trust for any such series by the Issuer or any paying agent hereunder, as required by this
Section, such sums to be held by the Trustee upon the trusts herein contained.

     Anything in this Section to the contrary notwithstanding, the agreement to hold sums in trust
as provided in this Section is subject to the provisions of Section 9.05.

     Section 3.04 . Certificate Of The Issuer. Within 120 days after the close of the fiscal year
ended December 31, 2006, and within 120 days after the close of each fiscal year thereafter, the
Issuer will furnish to the Trustee a brief certificate (which need not comply with Section 10.05)
from the principal executive, financial or accounting officer of the Issuer as to his or her
knowledge of the Issuer’s compliance with all conditions and covenants under the Indenture (such
compliance to be determined without regard to any period of grace or requirement of notice provided
under the Indenture).

20.

 

     Section 3.05 . Securityholders Lists. If and so long as the Trustee shall not be the
Security registrar for the Securities of any series, the Issuer will furnish or cause to be
furnished to the Trustee a list in such form as the Trustee may reasonably require of the names and
addresses of the holders of the Securities of such series pursuant to Section 312 of the Trust
Indenture Act of 1939 (a) semi-annually not more than 10 days after each record date for the
payment of interest on such Securities, as hereinabove specified, as of such record date and on
dates to be determined pursuant to Section 2.03 for non-interest bearing Securities in each year,
and (b) at such other times as the Trustee may request in writing, within thirty days after receipt
by the Issuer of any such request as of a date not more than 10 days prior to the time such
information is furnished.

     Section 3.06 . Reports By The Issuer. The Issuer covenants to file with the Trustee, within
15 days after the Issuer is required to file the same with the Commission, copies of the annual
reports and of the information, documents, and other reports which the Issuer may be required to
file with the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of
1934; or, if the Issuer is not required to file with the Commission, annual reports, information,
documents and other reports pursuant to either Section 13 or Section 15(d) of the Securities
Exchange Act of 1934, then the Issuer will file with the Trustee and will file with the Commission,
in accordance with rules and regulations prescribed by the Commission, such of the supplementary
and periodic information, documents and reports required pursuant to Section 13 of the Securities
Exchange Act of 1934 in respect of a security listed and registered on a national securities
exchange as may be prescribed in such rules and regulations.

     Section 3.07 . Corporate Existence. So long as any of the Securities remain unpaid, the
Issuer will at all times (except as otherwise provided or permitted elsewhere in this Indenture) do
or cause to be done all things necessary to preserve and keep in full force and effect its
corporate existence; provided, however, that the Issuer shall not be required to preserve any such
right if the Issuer shall determine that the preservation thereof is no longer desirable in the
conduct of Issuer’s business and the loss thereof is not disadvantageous in any material respect to
the holders of the Securities.

     Section 3.08 . Restrictions On Mergers, Sales And Consolidations. So long as any of the
Securities remain unpaid, the Issuer will not consolidate or merge with or sell, convey or lease
all or substantially all of its property to any other corporation except as permitted in Article 8
hereof.

     Section 3.09 . Further Assurances. From time to time whenever requested by the Trustee, the
Issuer will execute and deliver such further instruments and assurances and do such further acts as
may be reasonably necessary or proper to carry out more effectually the purposes of this Indenture
or

21.

 

to secure the rights and remedies hereunder of the holders of the Securities of any series.

ARTICLE 4

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS 

ON EVENT OF DEFAULT

     Section 4.01 . Event Of Default Defined; Acceleration Of Maturity; Waiver Of Default. “Event
of Default” with respect to Securities of any series wherever used herein, means each one of the
following events which shall have occurred and be continuing (whatever the reason for such Event of
Default and whether it shall be voluntary or involuntary or be effected by operation of law or
pursuant to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body):

	 	(a)	 	default in the payment of any installment of interest upon any of the
Securities of such series as and when the same shall become due and payable, and
continuance of such default for a period of 30 days; or
	 
	 	(b)	 	default in the payment of all or any part of the principal on any of the
Securities of such series as and when the same shall become due and payable either at
maturity, upon redemption, by declaration or otherwise; or
	 
	 	(c)	 	default in the performance, or breach, of any covenant or warranty of the
Issuer in respect of the Securities of such series (other than a covenant or warranty
in respect of the Securities of such series a default in whose performance or whose
breach is elsewhere in this Section specifically dealt with), and continuance of such
default or breach for a period of 90 days after there has been given, by registered
or certified mail, to the Issuer by the Trustee or to the Issuer and the Trustee by
the Holders of at least 25% in principal amount of the Outstanding Securities of all
series affected thereby, a written notice specifying such default or breach and
requiring it to be remedied and stating that such notice is a “Notice of Default”
hereunder; or
	 
	 	(d)	 	a court having jurisdiction in the premises shall enter a decree or order
for relief in respect of the Issuer in an involuntary case under any applicable
bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing
a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar
official) of the Issuer or for any substantial part of its property or ordering the
winding up or liquidation of its affairs, and such decree or order shall

22.

 

	 	 	 	remain unstayed and in effect for a period of 180 consecutive days; or
	 
	 	(e)	 	the Issuer shall commence a voluntary case under any applicable bankruptcy,
insolvency or other similar law now or hereafter in effect, or consent to the entry
of an order for relief in an involuntary case under any such law, or consent to the
appointment of or taking possession by a receiver, liquidator, assignee, custodian,
trustee or sequestrator (or similar official) of the Issuer or for any substantial
part of its property, or make any general assignment for the benefit of creditors; or
	 
	 	(f)	 	any other Event of Default provided in the supplemental indenture or
resolution of the Board of Directors under which such series of Securities is issued
or in the form of Security for such series.

If an Event of Default described in clauses 4.01(a), 4.01(b), 4.01(c), or 4.01(f) above occurs and
is continuing, then, and in each and every such case, unless the principal of all of the Securities
of such series shall have already become due and payable, either the Trustee or the holders of not
less than 25% in aggregate principal amount of the Securities of any affected series then
Outstanding hereunder (each such series voting as a separate class) by notice in writing to the
Issuer (and to the Trustee if given by Securityholders), may declare the entire principal (or, if
the Securities of such series are Original Issue Discount Securities, such portion of the principal
amount as may be specified in the terms of such series) of all Securities of such series and the
interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration
the same shall become immediately due and payable. If an Event of Default described in clauses
4.01(d) or 4.01(e) occurs and is continuing, then the principal amount of all the Securities then
outstanding and interest accrued thereon, if any, shall be and become immediately due and payable,
without any notice or other action by any Holder or the Trustee, to the full extent permitted by
applicable law.

     The foregoing provisions, however, are subject to the condition that if, at any time after the
principal (or, if the Securities are Original Issue Discount Securities, such portion of the
principal as may be specified in the terms thereof) of the Securities of any series (or of all the
Securities, as the case may be) shall have been so declared due and payable, and before any
judgment or decree for the payment of the moneys due shall have been obtained or entered as
hereinafter provided, the Issuer shall pay or shall deposit with the Trustee a sum sufficient to
pay all matured installments of interest upon all the Securities of such series (or of all the
Securities, as the case may be) and the principal of any and all Securities of such series (or of
all the Securities, as the case may be) which shall have become due otherwise than by acceleration
(with interest upon such principal and, to the extent that payment of such interest is enforceable
under applicable law, on overdue installments of interest, at the same rate as the rate of interest
or Yield to

23.

 

Maturity (in the case of Original Issue Discount Securities) specified in the Securities of
such series (or at the respective rates of interest or Yields to Maturity of all the Securities, as
the case may be) to the date of such payment or deposit) and such amount as shall be sufficient to
cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and all other
reasonable expenses and liabilities incurred, and all advances made, by the Trustee except as a
result of negligence or bad faith, and if any and all Events of Default under the Indenture, other
than the non-payment of the principal of Securities which shall have become due by acceleration,
shall have been cured, waived or otherwise remedied as provided herein then and in every such
case the holders of a majority in aggregate principal amount of all the then Outstanding Securities
of all such series that have been accelerated, each such series voting as a separate class, by
written notice to the Issuer and to the Trustee, may waive all defaults with respect to such series
(or with respect to all the Securities, as the case may be) and rescind and annul such declaration
and its consequences, but no such waiver or rescission and annulment shall extend to or shall
affect any subsequent default or shall impair any right consequent thereon.

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

     Section 4.02 . Collection Of Indebtedness By Trustee; Trustee May Prove Debt. The Issuer
covenants that (a) in case default shall be made in the payment of any installment of interest on
any of the Securities of any series when such interest shall have become due and payable, and such
default shall have continued for a period of 30 days or (b) in case default shall be made in the
payment of all or any part of the principal of any of the Securities of any series when the same
shall have become due and payable, whether upon maturity of the Securities of such series or upon
any redemption or by declaration or otherwise then upon demand of the Trustee, the Issuer
will pay to the Trustee for the benefit of the Holders of the Securities of such series the whole
amount that then shall have become due and payable on all Securities of such series for principal
or interest, as the case may be (with interest to the date of such payment upon the overdue
principal and, to the extent that payment of such interest is enforceable under applicable law, on
overdue installments of interest at the same rate as the rate of interest or Yield to Maturity (in
the case of Original Issue Discount Securities) specified in the Securities of such series); and in
addition thereto, such further amount as shall be sufficient to cover the reasonable costs and
expenses of collection, including

24.

 

reasonable compensation to the Trustee and each predecessor Trustee, their respective agents,
attorneys and counsel, and any reasonable expenses and liabilities incurred, and all advances made,
by the Trustee and each predecessor Trustee except as a result of its negligence or bad faith.

     Until such demand is made by the Trustee, the Issuer may pay the principal of and interest on
the Securities of any series to the registered holders, whether or not the principal of and
interest on the Securities of such series be overdue.

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

     In case there shall be pending proceedings relative to the Issuer or any other obligor upon
the Securities under Title 11 of the United States Code or any other applicable Federal or state
bankruptcy, insolvency or other similar law, or in case a receiver, assignee or trustee in
bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been
appointed for or taken possession of the Issuer or its property or such other obligor, or in case
of any other comparable judicial proceedings relative to the Issuer or other obligor upon the
Securities of any series, or to the creditors or property of the Issuer or such other obligor, the
Trustee, irrespective of whether the principal of any Securities shall then be due and payable as
therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have
made any demand pursuant to the provisions of this Section, shall be entitled and empowered, by
intervention in such proceedings or otherwise:

	 	(a)	 	to file and prove a claim or claims for the whole amount of principal and
interest (or, if the Securities of any series are Original Issue Discount Securities,
such portion of the principal amount as may be specified in the terms of such series)
owing and unpaid in respect of the Securities of any series, 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 reasonable compensation to the Trustee and each
predecessor Trustee, and their respective agents, attorneys and counsel, and for
reimbursement of all reasonable expenses and liabilities incurred, and all advances
made, by the Trustee and each predecessor Trustee, except as a result of negligence
or bad faith) and of the

25.

 

	 	 	 	Securityholders allowed in any judicial proceedings relative to the Issuer or
other obligor upon the Securities of any series, or to the creditors or property
of the Issuer or such other obligor,
	 
	 	(b)	 	unless prohibited by applicable law and regulations, to vote on behalf of
the holders of the Securities of any series in any election of a trustee or a standby
trustee in arrangement, reorganization, liquidation or other bankruptcy or insolvency
proceedings or person performing similar functions in comparable proceedings, and
	 
	 	(c)	 	to collect and receive any moneys or other property payable or deliverable
on any such claims, and to distribute all amounts received with respect to the claims
of the Securityholders and of the Trustee on their behalf; and any trustee, receiver,
or liquidator, custodian or other similar official is hereby authorized by each of
the Securityholders to make payments to the Trustee, and, in the event that the
Trustee shall consent to the making of payments directly to the Securityholders, to
pay to the Trustee such amounts as shall be sufficient to cover reasonable
compensation to the Trustee, each predecessor Trustee and their respective agents,
attorneys and counsel, and all other reasonable expenses and liabilities incurred,
and all advances made, by the Trustee and each predecessor Trustee except as a result
of negligence or bad faith and all other amounts due to the Trustee or any
predecessor Trustee pursuant to Section 5.06.

     Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to
or vote for or accept or adopt on behalf of any Securityholder any plan or reorganization,
arrangement, adjustment or composition affecting the Securities of any series or the rights of any
Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Securityholder
in any such proceeding except, as aforesaid, to vote for the election of a trustee in bankruptcy or
similar person.

     All rights of action and of asserting claims under this Indenture, or under any of the
Securities, may be enforced by the Trustee without the possession of any of the Securities or the
production thereof on any trial or other proceedings relative thereto, and any such action or
proceedings instituted by the Trustee shall be brought in its own name as trustee of an express
trust, and any recovery of judgment, subject to the payment of the expenses, disbursements and
compensation of the Trustee, each predecessor Trustee and their respective agents and attorneys,
shall be for the ratable benefit of the holders of the Securities in respect of which such action
was taken.

26.

 

     In any proceedings brought by the Trustee (and also any proceedings involving the
interpretation of any provision of this Indenture to which the Trustee shall be a party) the
Trustee shall be held to represent all the holders of the Securities in respect to which such
action was taken, and it shall not be necessary to make any holders of such Securities parties to
any such proceedings.

     Section 4.03 . Application Of Proceeds. Any moneys collected by the Trustee pursuant to this
Article in respect of any series shall be applied in the following order at the date or dates fixed
by the Trustee and, in case of the distribution of such moneys on account of principal or interest,
upon presentation of the several Securities in respect of which monies have been collected and
stamping (or otherwise noting) thereon the payment, or issuing Securities of such series in reduced
principal amounts in exchange for the presented Securities of like series if only partially paid,
or upon surrender thereof if fully paid:

     FIRST: To the payment of costs and expenses applicable to such series in respect of which
monies have been collected, including reasonable compensation to the Trustee and each predecessor
Trustee and their respective agents and attorneys and of all reasonable expenses and liabilities
incurred, and all advances made, by the Trustee and each predecessor Trustee except as a result of
negligence or bad faith, and all other amounts due to the Trustee or any predecessor Trustee
pursuant to Section 5.06;

     SECOND: In case the principal of the Securities of such series in respect of which moneys have
been collected shall not have become and be then due and payable, to the payment of interest on the
Securities of such series in default in the order of the maturity of the installments of such
interest, with interest (to the extent that such interest has been collected by the Trustee) upon
the overdue installments of interest at the same rate as the rate of interest or Yield to Maturity
(in the case of Original Issue Discount Securities) specified in such Securities, such payments to
be made ratably to the persons entitled thereto, without discrimination or preference;

     THIRD: In case the principal of the Securities of such series in respect of which moneys have
been collected shall have become and shall be then due and payable, to the payment of the whole
amount then owing and unpaid upon all the Securities of such series for principal and interest,
with interest upon the overdue principal, and (to the extent that such interest has been collected
by the Trustee) upon overdue installments of interest at the same rate as the rate of interest or
Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities
of such series; and in case such moneys shall be insufficient to pay in full the whole amount so
due and unpaid upon the Securities of such series, then to the payment of such principal and
interest or yield to maturity, without preference or priority of principal over interest or yield
to maturity, or of interest or yield to maturity over principal, or of any installment of interest
over any other installment of interest, or of any Security of such series over any other Security
of

27.

 

such series, ratably to the aggregate of such principal and accrued and unpaid interest or
yield to maturity; and

     FOURTH: To the payment of the remainder, if any, to the Issuer or any other person lawfully
entitled thereto.

     Section 4.04 . Suits For Enforcement. In case an Event of Default has occurred, has not been
waived and is continuing, the Trustee may proceed to protect and enforce the rights vested in it by
this Indenture, either at law or in equity or in bankruptcy or otherwise, whether for the specific
enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of
any power granted in this Indenture or to enforce any other legal or equitable right vested in the
Trustee by this Indenture or by law.

     Section 4.05 . Restoration Of Rights On Abandonment Of Proceedings. In case the Trustee
shall have proceeded to enforce any right under this Indenture and such proceedings shall have been
discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee,
then and in every such case the Issuer and the Trustee shall be restored respectively to their
former positions and rights hereunder, and all rights, remedies and powers of the Issuer, the
Trustee and the Securityholders shall continue as though no such proceedings had been taken.

     Section 4.06 . Limitations On Suits By Securityholder. No holder of any Security of any
series shall have any right by virtue or by availing of any provision of this Indenture to
institute any action or proceeding at law or in equity or in bankruptcy or otherwise upon or under
or with respect to this Indenture, or for the appointment of a trustee, receiver, liquidator,
custodian or other similar official or for any other remedy hereunder, unless such holder
previously shall have given to the Trustee written notice of an Event of Default and of the
continuance thereof, as hereinbefore provided, and unless also the holders of not less than 25% in
aggregate principal amount of the Securities of such series then Outstanding (each series voting as
a separate class) shall have made written request upon the Trustee to institute such action or
proceedings in respect of such Event of Default in its own name as trustee hereunder and shall have
offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and
liabilities to be incurred therein or thereby and the Trustee for 60 days after its receipt of such
notice, request and offer of indemnity shall have failed to institute any such action or proceeding
and no direction inconsistent with such written request shall have been given to the Trustee
pursuant to Section 4.09; it being understood and intended, and being expressly covenanted by the
Holder of every Security with every other Holder and the Trustee, that no one or more Holders of
Securities of any series shall have any right in any manner whatever by virtue or by availing of
any provision of this Indenture to affect, disturb or prejudice the rights of any other such Holder
of Securities, or to obtain or seek to obtain priority over or preference to any other such Holder
or to enforce any right

28.

 

under this Indenture, except in the manner herein provided and for the equal, ratable and
common benefit of all Holders of Securities of the applicable series. For the protection and
enforcement of the provisions of this Section, each and every Securityholder and the Trustee shall
be entitled to such relief as can be given either at law or in equity.

     Section 4.07 . Unconditional Right Of Securityholders To Institute Certain Suits.
Notwithstanding any other provision in this Indenture and any provision of any Security, the right
of any Holder of any Security to receive payment of the principal of and interest on such Security
on or after the respective due dates expressed in such Security, or to institute suit for the
enforcement of any such payment on or after such respective dates, shall not be impaired or
affected without the consent of such Holder.

     Section 4.08 . Powers And Remedies Cumulative; Delay Or Omission Not Waiver Of Default.
Except as provided in Section 4.06, no right or remedy herein conferred upon or reserved to the
Trustee or to the Securityholders 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.

     No delay or omission of the Trustee or of any Securityholder to exercise any right or power
accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such
right or power or shall be construed to be a waiver of any such Event of Default or an acquiescence
therein; and, subject to Section 4.06, every power and remedy given by this Indenture or by law to
the Trustee or to the Securityholders may be exercised from time to time, and as often as shall be
deemed expedient, by the Trustee or by the Securityholders.

     Section 4.09 . Control By Securityholders. The Holders of a majority in aggregate principal
amount of the Securities of each series affected (with each series voting as a separate class) at
the time Outstanding shall have the right to direct the time, method, and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on
the Trustee with respect to the Securities of such series by this Indenture; provided that such
direction shall not be otherwise than in accordance with law and the provisions of this Indenture
and provided further that (subject to the provisions of Section 5.01) the Trustee shall have the
right to decline to follow any such direction if the Trustee, being advised by counsel, shall
determine that the action or proceeding so directed may not lawfully be taken or if the Trustee in
good faith by its board of directors, the executive committee, or a trust committee of directors or
Responsible Officers of the Trustee shall determine that the action or proceedings so directed
would involve the Trustee in personal liability or if the Trustee in

29.

 

good faith shall so determine that the actions or forebearances specified in or pursuant to
such direction would be unduly prejudicial to the interests of Holders of the Securities of all
series so affected not joining in the giving of said direction.

     Nothing in this Indenture shall impair the right of the Trustee to take any action which is
not inconsistent with such direction or directions by Securityholders.

     Section 4.10 . Waiver Of Past Defaults. Prior to a declaration of the acceleration of the
maturity of the Securities of any series as provided in Section 4.01, the Holders of a majority in
aggregate principal amount of the Securities of such series at the time Outstanding (each such
series voting as a separate class) may on behalf of the Holders of all the Securities of such
series waive an existing default or Event of Default, except a default in the payment of Principal
of or interest on any Security as specified in clauses (a) or (b) of Section 4.01 or in respect of
a covenant or provision hereof which cannot be modified or amended without the consent of each
Holder affected as provided in . In the case of any such waiver, the Issuer, the Trustee and the
Holders of the Securities of each series affected shall be restored to their former positions and
rights hereunder, respectively.

     Upon any such waiver, such default shall cease to exist and be deemed to have been cured and
not to have occurred, and any Event of Default arising therefrom shall be deemed to have been
cured, and not to have occurred for every purpose of this Indenture; but no such waiver shall
extend to any subsequent or other default or Event of Default or impair any right consequent
thereon.

     Section 4.11 . Trustee To Give Notice Of Default, But May Withhold In Certain Circumstances.
The Trustee shall give to the Securityholders of any series, as the names and addresses of such
Holders appear on the registry books, notice by mail of all defaults known to Responsible Officers
of the Trustee which have occurred with respect to such series, such notice to be transmitted
within 90 days after the occurrence thereof, unless such defaults shall have been cured before the
giving of such notice (the term “default” or “defaults” for the purposes of this Section being
hereby defined to mean any event or condition which is, or with notice or lapse of time or both
would become, an Event of Default); provided that, except in the case of default in the payment of
the Principal of or interest on any of the Securities of such series, or in the payment of any
sinking or purchase fund installment with respect to the Securities of such series, the Trustee
shall be protected in withholding such notice if and so long as the board of directors, the
executive committee, or a trust committee of directors or trustees and/or Responsible Officers of
the Trustee in good faith determines that the withholding of such notice is in the interests of the
Securityholders of such series.

     Section 4.12 . Right Of Court To Require Filing Of Undertaking To Pay Costs. All parties to
this Indenture agree, and each Holder of any Security by his

30.

 

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 Trustee, to any suit instituted by any Securityholder or group of
Securityholders of any series holding in the aggregate more than 10% in aggregate principal amount
of the Securities of such series, or, to any suit instituted by a Holder pursuant to Section 4.07.

ARTICLE 5

CONCERNING THE TRUSTEE

     Section 5.01 . Duties And Responsibilities Of The Trustee; During Default; Prior To Default.
With respect to the Holders of any series of Securities issued hereunder, the Trustee, prior to the
occurrence of an Event of Default with respect to the Securities of a particular series and after
the curing or waiving of all Events of Default which may have occurred with respect to such series,
undertakes to perform such duties and only such duties as are specifically set forth in this
Indenture. In case an Event of Default with respect to the Securities of a series has occurred
(which has not been cured or waived) the Trustee shall exercise such of the rights and powers
vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a
prudent man would exercise or use under the circumstances in the conduct of his own affairs.

	 	(a)	 	Prior to the occurrence of an Event of Default with respect to the
Securities of any series and after the curing or waiving of all such Events of
Default with respect to such series which may have occurred:

     (1) the duties and obligations of the Trustee with respect to the Securities
of any Series shall be determined solely by the express provisions of this
Indenture, and the Trustee shall not be liable except for the performance of such
duties and obligations as are specifically set forth in this Indenture, and no
implied covenants or obligations shall be read into this Indenture against the
Trustee; and

     (2) in the absence of bad faith on the part of the Trustee, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of the
opinions expressed therein, upon any statements, certificates or opinions
furnished to the

31.

 

Trustee and conforming to the requirements of this Indenture; but in the
case of any such statements, certificates or opinions which by any provision
hereof are specifically required to be furnished to the Trustee, the Trustee
shall be under a duty to examine the same to determine whether or not they
conform to the requirements of this Indenture;

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

     (1) this subsection (b) shall not be construed to limit the effect of
subsection (a) of this Section;

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

     (3) the Trustee shall not be liable with respect to any action taken,
suffered or omitted to be taken by it in good faith in accordance with the
direction of the holders 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.

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

     The provisions of this Section 5.01 are in furtherance of and subject to Sections 315 and 316
of the Trust Indenture Act of 1939.

     Whether or not therein expressly provided, every provision of this Indenture relating to the
conduct or affecting the liability of or affording protection to the Trustee shall be subject to
the provisions of this Section 5.01.

     Section 5.02 . Certain Rights Of The Trustee. In furtherance of and subject to the Trust
Indenture Act of 1939, and subject to Section 5.01:

	 	(a)	 	the Trustee may rely and shall be protected in acting or refraining from
acting upon any resolution, Officer’s Certificate or any other certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order,
bond, debenture, note, coupon, security

32.

 

	 	 	 	or other paper or document believed by it to be genuine and to have been signed
or presented by the proper party or parties;
	 
	 	(b)	 	any request, direction, order or demand of the Issuer mentioned herein
shall be sufficiently evidenced by an Officer’s Certificate (unless other evidence in
respect thereof be herein specifically prescribed); and any resolution of the Board
of Directors may be evidenced to the Trustee by a copy thereof certified by the
secretary or an assistant secretary of the Issuer;
	 
	 	(c)	 	the Trustee may consult with counsel and any advice or Opinion of Counsel
shall be full and complete authorization and protection in respect of any action
taken, suffered or omitted to be taken by it hereunder in good faith and in
accordance with such advice or Opinion of Counsel;
	 
	 	(d)	 	the Trustee shall be under no obligation to exercise any of the trusts or
powers vested in it by this Indenture at the request, order or direction of any of
the Securityholders pursuant to the provisions of this Indenture, unless such
Securityholders shall have offered to the Trustee reasonable security or indemnity
against the costs, expenses and liabilities which might be incurred by it in
connection with such request, order or direction;
	 
	 	(e)	 	the Trustee shall not be liable for any action taken or omitted by it in
good faith and believed by it to be authorized or within the discretion, rights or
powers conferred upon it by this Indenture;
	 
	 	(f)	 	prior to the occurrence of an Event of Default hereunder and after the
curing or waiving of all Events of Default, the Trustee shall not be bound to make
any investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, consent, order, approval,
appraisal, bond, debenture, note, coupon, security, or other paper or document unless
requested in writing so to do by the holders of not less than a majority in aggregate
principal amount of the Securities of all series affected then Outstanding; provided
that, if the payment within a reasonable time to the Trustee of the reasonable costs,
expenses or liabilities likely to be incurred by it in the making of such
investigation is, in the opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this Indenture, the Trustee
may require reasonable indemnity against such expenses or liabilities as a condition
to proceeding; the reasonable expenses of every such investigation shall be paid by
the Issuer or, if paid by the Trustee or any predecessor trustee, shall be repaid by
the Issuer upon demand;

33.

 

	 	(g)	 	the Trustee may execute any of the trusts or powers hereunder or perform
any duties hereunder either directly or by or through agents or attorneys not
regularly in its employ and the Trustee shall not be responsible for any misconduct
or negligence on the part of any such agent or attorney appointed with due care by it
hereunder; and
	 
	 	(h)	 	the Trustee shall not be liable for any action taken, suffered or omitted
in good faith and believed by it to be authorized or within the discretion, rights or
powers conferred upon it by this Indenture.

     Section 5.03 . Trustee Not Responsible For Recitals, Disposition Of Securities Or Application
Of Proceeds Thereof. The recitals contained herein and in the Securities, except the Trustee’s
certificates of authentication, shall be taken as the statements of the Issuer, and the Trustee
assumes no responsibility for the correctness of the same. The Trustee makes no representation as
to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be
accountable for the use or application by the Issuer of any of the Securities or of the proceeds
thereof.

     Section 5.04 . Trustee And Agents May Hold Securities; Collections, Etc. The Trustee or any
agent of the Issuer or the Trustee, in its individual or any other capacity, may become the owner
or pledgee of Securities with the same rights it would have if it were not the Trustee or such
agent and may otherwise deal with the Issuer and receive, collect, hold and retain collections from
the Issuer with the same rights it would have if it were not the Trustee or such agent.

     Section 5.05 . Moneys Held By Trustee. All moneys received by the Trustee in trust hereunder
need not be segregated from other funds except to the extent required by mandatory provisions of
law. Neither the Trustee nor any agent of the Issuer or the Trustee shall be under any liability
for interest on any moneys received by it hereunder.

     Section 5.06 . Compensation And Indemnification Of Trustee And Its Prior Claim. The Issuer
covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to,
such compensation as shall be agreed in writing from time to time by the Issuer and the Trustee
(which shall not be limited by any provision of law in regard to the compensation of a trustee of
an express trust) and the Issuer covenants and agrees to pay or reimburse the Trustee and each
predecessor Trustee upon its request for all reasonable expenses, disbursements and advances
incurred or made by or on behalf of it in accordance with any of the provisions of this Indenture
(including the reasonable compensation and the expenses and disbursements of its counsel and of all
agents and other persons not regularly in its employ) except to the extent any such expense,
disbursement or advance may arise from its negligence or bad faith. The Issuer also covenants and
agrees to indemnify the Trustee and each predecessor

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Trustee for, and to hold it harmless against, any loss, liability or expense arising out of or
in connection with the acceptance or administration of this Indenture or the trusts hereunder and
the performance of its duties hereunder, including the costs and expenses of defending itself
against or investigating any claim of liability in the premises, except to the extent such loss,
liability or expense is due to the negligence or bad faith of the Trustee or such predecessor
Trustee. The obligations of the Issuer under this Section to compensate and indemnify the Trustee
and each predecessor Trustee and to pay or reimburse the Trustee and each predecessor Trustee for
expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall
survive the satisfaction and discharge of this Indenture or the resignation or removal of the
Trustee. Such additional indebtedness shall be a senior claim and lien to that of the Securities
upon all property and funds held or collected by the Trustee as such, except funds held in trust
for the benefit of the holders of particular Securities, and the Securities are hereby subordinated
to such senior claim. The parties agree that if the Trustee renders services following an Event of
Default under Section 4.01(d) or (e), compensation for such services is intended to constitute
administrative expense under any bankruptcy law.

     Section 5.07 . Right Of Trustee To Rely On Officer’s Certificate, Etc. Subject to Sections
5.01 and 5.02, whenever in the administration of the trusts of this Indenture the Trustee shall
deem it necessary or desirable that a matter be proved or established prior to taking or suffering
or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein
specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee,
be deemed to be conclusively proved and established by an Officer’s Certificate delivered to the
Trustee, and such certificate, in the absence of negligence or bad faith on the part of the
Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under
the provisions of this Indenture upon the faith thereof.

     Section 5.08 . Persons Eligible For Appointment As Trustee. The Trustee for each series of
Securities hereunder shall at all times be a corporation which is eligible in accordance with the
provisions of Section 310(a) of the Trust Indenture Act of 1939 and which has, or is a Wholly-Owned
Subsidiary, directly or indirectly of a parent company which has, a combined capital and surplus of
$50,000,000. If such corporation or holding company publishes reports of condition at least
annually, pursuant to law or to the requirements of a Federal, State or District of Columbia
supervising or examining authority, then for the purposes of this Section, the combined capital and
surplus of such corporation or holding company shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published.

     Section 5.09 . Resignation And Removal; Appointment Of Successor Trustee. (a) The Trustee,
or any trustee or trustees hereafter appointed, may at any time resign with respect to one or more
or all series of Securities by giving

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written notice of resignation to the Issuer. Upon receiving such notice of resignation, the
Issuer shall promptly appoint a successor trustee or trustees with respect to the applicable series
by written instrument in duplicate, executed by authority of the Board of Directors, one copy of
which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee
or trustees. If no successor Trustee shall have been so appointed with respect to any series and
have accepted appointment within 30 days after the mailing of such notice of resignation, the
resigning Trustee may petition any court of competent jurisdiction for the appointment of a
successor Trustee, or any Securityholder who has been a bona fide Holder of a Security or
Securities of the applicable series for at least six months may, subject to the provisions of
Section 4.12, on behalf of himself and all others similarly situated, petition any such court for
the appointment of a successor Trustee. Such court may thereupon, after such notice, if any, as it
may deem proper and prescribe, appoint a successor Trustee.

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

     (i) the Trustee shall fail to comply with the provisions of Section 310(b)
of the Trust Indenture Act of 1939 with respect to any series of Securities after
written request therefor by the Issuer or by any Securityholder who has been a
bona fide Holder of a Security or Securities of such series for at least six
months; or

     (ii) the Trustee shall cease to be eligible in accordance with the
provisions of Section 310(a) of the Trust Indenture Act of 1939 and shall fail to
resign after written request therefor by the Issuer or by any Securityholder; or

     (iii) the Trustee shall become incapable of acting with respect to any
series of Securities, or shall be adjudged a bankrupt or insolvent, or a receiver
or liquidator of the Trustee or of its property shall be appointed, or any public
officer shall take charge or control of the Trustee or of its property or affairs
for the purpose of rehabilitation, conservation or liquidation;

then, in any such case, the Issuer may remove the Trustee with respect to the applicable series of
Securities and appoint a successor trustee for such series by written instrument, in duplicate,
executed by order of the Board of Directors of the Issuer, one copy of which instrument shall be
delivered to the Trustee so removed and one copy to the successor Trustee, or, subject to Section
315(e) of the Trust Indenture Act of 1939, any Securityholder who has been a bona fide Holder of a
Security or Securities of such series for at least six months may on behalf of himself and all
others similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor trustee with respect to such series. Such court may
thereupon, after such notice, if

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any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee.

	 	(c)	 	The Holders of a majority in aggregate principal amount of the Securities
of each series at the time Outstanding may at any time remove the Trustee with
respect to Securities of such series and appoint a successor Trustee with respect to
the Securities of such series by delivering to the Trustee so removed, to the
successor Trustee so appointed and to the Issuer the evidence provided in Section
6.01 of the action in that regard taken by the Securityholders.
	 
	 	(d)	 	Any resignation or removal of the Trustee with respect to any series and
any appointment of a successor trustee with respect to such series pursuant to any of
the provisions of this Section 5.09 shall become effective upon acceptance of
appointment by the successor trustee as provided in Section 5.10.

     Section 5.10 . Acceptance Of Appointment By Successor. Any successor Trustee appointed as
provided in Section 5.09 shall execute and deliver to the Issuer and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon the resignation or removal of the
predecessor Trustee with respect to all or any applicable series shall become effective and such
successor Trustee, without any further act, deed or conveyance, shall become vested with all
rights, powers, duties and obligations with respect to such series of its predecessor hereunder,
with like effect as if originally named as Trustee for such series hereunder; but, nevertheless, on
the written request of the Issuer or of the successor Trustee, upon payment of its charges then
unpaid, the Trustee ceasing to act shall, subject to Section 5.06, pay over to the successor
Trustee all moneys at the time held by it hereunder and shall execute and deliver an instrument
transferring to such successor Trustee all such rights, powers, duties and obligations. Upon
request of any such successor Trustee, the Issuer shall execute any and all instruments in writing
for more fully and certainly vesting in and confirming to such successor Trustee all such rights
and powers. Any Trustee ceasing to act shall, nevertheless, retain a prior claim upon all property
or funds held or collected by such Trustee to secure any amounts then due it pursuant to the
provisions of Section 5.06.

     If a successor Trustee is appointed with respect to the Securities of one or more (but not
all) series, the Issuer, the predecessor Trustee and each successor Trustee with respect to the
Securities of any applicable series shall execute and deliver an indenture supplemental hereto
which shall contain such provisions as shall be deemed necessary or desirable to confirm that all
the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of
any series as to which the predecessor Trustee is not retiring shall continue to be vested in the
predecessor Trustee, and shall add to or change any of the provisions

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of this Indenture as shall be necessary to provide for or facilitate the administration of the
trusts hereunder by more than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each
such Trustee shall be Trustee of a trust or trusts under separate indentures.

     Upon acceptance of appointment by any successor Trustee as provided in this Section 5.10, the
Issuer shall mail notice thereof by first-class mail to the Holders of Securities of any series for
which such successor Trustee is acting as Trustee at their last addresses as they shall appear in
the Security register. If the acceptance of appointment is substantially contemporaneous with the
resignation, then the notice called for by the preceding sentence may be combined with the notice
called for by Section 5.09. If the Issuer fails to mail such notice within ten days after
acceptance of appointment by the successor Trustee, the successor Trustee shall cause such notice
to be mailed at the expense of the Issuer.

     Section 5.11 . Merger, Conversion, Consolidation Or Succession To Business Of Trustee. Any
corporation into which the Trustee may be merged or converted or with which it may be consolidated,
or any corporation resulting from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to the corporate trust business of the Trustee,
shall be the successor of the Trustee hereunder, provided that such corporation shall be eligible
under the provisions of Section 5.08, without the execution or filing of any paper or any further
act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

     In case at the time such successor to the Trustee shall succeed to the trusts created by this
Indenture any of the Securities of any series shall have been authenticated but not delivered, any
such successor to the Trustee may adopt the certificate of authentication of any predecessor
Trustee and deliver such Securities so authenticated; and, in case at that time any of the
Securities of any series shall not have been authenticated, any successor to the Trustee may
authenticate such Securities either in the name of any predecessor hereunder or in the name of the
successor Trustee; and in all such cases such certificate shall have the full force which it is
anywhere in the Securities of such series or in this Indenture provided that the certificate of the
Trustee shall have; provided, that the right to adopt the certificate of authentication of any
predecessor Trustee or to authenticate Securities of any series in the name of any predecessor
Trustee shall apply only to its successor or successors by merger, conversion or consolidation.

Section 5.12 . Reports By The Trustee.

	 	(a)	 	On or before May 15, 2006, and on or before May 15 in every year
thereafter, so long as any Securities are Outstanding hereunder and as required by
the Trust Indenture Act of 1939, the Trustee shall transmit to the Securityholders
and the Issuer, as hereinafter in this

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	 	 	 	Section 5.12 provided, a brief report dated as of the preceding March 15 with
respect to:

     (i) its eligibility under Section 5.08, or in lieu thereof, if to the best
of its knowledge it has continued to be eligible under such Section, a written
statement to such effect; and

     (ii) any action taken by the Trustee in the performance of its duties under
this Indenture which it has not previously reported and which in its opinion
materially affects the Securities, except action in respect of a default, notice
of which has been or is to be withheld by it in accordance with the provisions of
Section 4.11.

	 	(b)	 	Reports pursuant to this Section 5.12 shall be transmitted by mail to all
holders of Securities as the names and addresses of such holders appear upon the
registry books of the Issuer at the expense of the Issuer.

ARTICLE 6

CONCERNING THE SECURITYHOLDERS

     Section 6.01 . Evidence Of Action Taken By Securityholders. Any request, demand,
authorization, direction, notice, consent, waiver or other action provided by this Indenture to be
given or taken by a specified percentage in principal amount of the Securityholders of any or all
series may be embodied in and evidenced by one or more instruments of substantially similar tenor
signed by such specified percentage of Securityholders in person or by agent duly appointed in
writing; and, except as herein otherwise expressly provided, such action shall become effective
when such instrument or instruments are delivered to the Trustee. Proof of execution of any
instrument or of a writing appointing any such agent shall be sufficient for any purpose of this
Indenture and (subject to Sections 5.01 and 5.02) conclusive in favor of the Trustee and the
Issuer, if made in the manner provided in this Article.

     Section 6.02 . Proof Of Execution Of Instruments And Of Holding Of Securities; Record Date.
Subject to Sections 5.01 and 5.02, the execution of any instrument by a Securityholder or his agent
or proxy may be proved by the certificate of any notary public or other officer authorized to take
acknowledgment of deeds, that the Person executing such instrument acknowledged to such notary
public or other such officer the execution thereof, or by an affidavit of a witness to such
execution sworn to before any such notary public or other officer. Where such execution is by an
officer of a corporation or association or a member of a partnership on behalf of such corporation,
association or partnership, as the case may be, or by any other Person acting in a representative
capacity, such certificate or affidavit shall also constitute sufficient

39.

 

proof of such Person’s authority. The holding of Securities shall be proved by the Security
register or by a certificate of the registrar thereof. The Issuer may set a record date for
purposes of determining the identity of holders of Securities of any series entitled to vote or
consent to any action referred to in Section 6.01, which record date may be set at any time or from
time to time by notice to the Trustee, for any date or dates (in the case of any adjournment or
reconsideration) not more than 60 days nor less than five days prior to the proposed date of such
vote or consent, and thereafter, notwithstanding any other provisions hereof, only holders of
Securities of such series of record on such record date shall be entitled to so vote or give such
consent or revoke such vote or consent.

     Section 6.03 . Holders To Be Treated As Owners. Prior to due presentment of a Security for
registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may
deem and treat the person in whose name any Security shall be registered upon the Security register
for such series as the absolute owner of such Security (whether or not such Security shall be
overdue and notwithstanding any notation of ownership or other writing thereon) for the purpose of
receiving payment of or on account of the principal of and, subject to the provisions of this
Indenture, interest on such Security and for all other purposes; and neither the Issuer nor the
Trustee nor any agent of the Issuer or the Trustee shall be affected by any notice to the contrary.
All such payments so made to any such person, or upon his order, shall be valid, and, to the
extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys
payable upon any such Security.

     Section 6.04 . Securities Owned By Issuer Deemed Not Outstanding. In determining whether the
Holders of the requisite aggregate principal amount of Outstanding Securities of any or all series
have concurred in any direction, consent or waiver under this Indenture, Securities which are owned
by the Issuer or any other obligor on the Securities with respect to which such determination is
being made or by any person directly or indirectly controlling or controlled by or under direct or
indirect common control with the Issuer or any other obligor on the Securities with respect to
which such determination is being made shall be disregarded and deemed not to be Outstanding for
the purpose of any such determination, except that for the purpose of determining whether the
Trustee shall be protected in relying on any such direction, consent or waiver only Securities as
to which the Trustee has received written notice are so owned shall be so disregarded. Securities
so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee
establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such
Securities and that the pledgee is not the Issuer or any other obligor upon the Securities or any
person directly or indirectly controlling or controlled by or under direct or indirect common
control with the Issuer or any other obligor on the Securities. In case of a dispute as to such
right, the advice of counsel shall be full protection in respect of any decision made by the
Trustee in accordance with such advice. Upon request of the Trustee, the Issuer shall furnish to
the Trustee promptly an Officer’s

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Certificate listing and identifying all Securities, if any, known by the Issuer to be owned or
held by or for the account of any of the above-described persons; and, subject to Sections 5.01 and
5.02, the Trustee shall be entitled to accept such Officer’s Certificate as conclusive evidence of
the facts therein set forth and of the fact that all Securities not listed therein are Outstanding
for the purpose of any such determination.

     Section 6.05 . Right Of Revocation Of Action Taken. At any time prior to (but not after) the
evidencing to the Trustee, as provided in Section 6.01, of the taking of any action by the Holders
of the percentage in aggregate principal amount of the Securities of any or all series, as the case
may be, specified in this Indenture in connection with such action, any Holder of a Security the
serial number of which is shown by the evidence to be included among the serial numbers of the
Securities the Holders of which have consented to such action may, by filing written notice at the
Corporate Trust Office and upon proof of holding as provided in this Article, revoke such action so
far as concerns such Security. Except as aforesaid any such action taken by the Holder of any
Security shall be conclusive and binding upon such Holder and upon all future Holders and owners of
such Security and of any Securities issued in exchange or substitution therefor, irrespective of
whether or not any notation in regard thereto is made upon any such Security. Any action taken by
the Holders of the percentage in aggregate principal amount of the Securities of any or all series,
as the case may be, specified in this Indenture in connection with such action shall be
conclusively binding upon the Issuer, the Trustee and the Holders of all the Securities affected by
such action.

ARTICLE 7

SUPPLEMENTAL INDENTURES

     Section 7.01 . Supplemental Indentures Without Consent Of Securityholders. The Issuer, when
authorized by a resolution of its Board of Directors certified to the Trustee, and the Trustee may
from time to time and at any time enter into an indenture or indentures supplemental hereto for one
or more of the following purposes:

	 	(a)	 	to evidence the succession of another corporation to the Issuer, or
successive successions, and the assumption by the successor corporation of the
covenants, agreements and obligations of the Issuer pursuant to Article 8;
	 
	 	(b)	 	to cure any ambiguity or to correct or supplement any provision contained
herein or in any supplemental indenture which may be defective or inconsistent with
any other provision contained herein or in any supplemental indenture; or to make
such other provisions in regard to matters or questions arising under this Indenture
or

41.

 

	 	 	 	under any supplemental indenture as the Board of Directors may deem necessary or
desirable and which shall not adversely affect the interests of the Holders of
the Securities in any material respect;
	 
	 	(c)	 	to establish the form or terms of Securities of any series as permitted by
Sections 2.01 and 2.03;
	 
	 	(d)	 	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, pursuant to the requirements of Section 5.10;
	 
	 	(e)	 	to comply with any requirements of the Commission in connection with the
qualification of this Indenture under the Trust Indenture Act of 1939 or any similar
federal statute hereafter enacted;
	 
	 	(f)	 	to provide for uncertificated or Unregistered Securities and to make all
appropriate changes for such purpose;
	 
	 	(g)	 	to make any change that does not adversely affect the rights of any Holder;
	 
	 	(h)	 	as provided by or pursuant to a Board Resolution or indenture supplemental
hereto establishing the terms of one or more series of Securities;
	 
	 	(i)	 	to add to the covenants of the Issuer such new covenants, restrictions,
conditions or provisions as its Board of Directors shall consider to be for the
protection of the Holders of Securities, and with respect to which the Trustee has
received an Opinion of Counsel to a similar effect, and to make the occurrence, or
the occurrence and continuance, of a default in any such additional covenants,
restrictions, conditions or provisions an Event of Default; provided, that in respect
of any such additional covenant, restriction, condition or provision such
supplemental indenture may provide for a particular period of grace after default
(which period may be shorter or longer than that allowed in the case of other
defaults) or may provide for an immediate enforcement upon such an Event of Default
or may limit the remedies available to the Trustee upon such an Event of Default or
may limit the right of the Holders of a majority in aggregate principal amount of the
Securities of such series to waive such an Event of Default;

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	 	(j)	 	to make any change, including, without limitation, with respect to the
choice of law governing this Indenture, any supplemental indenture or any Security,
so long as no Securities are Outstanding;
	 
	 	(k)	 	to make provision with respect to conversion rights of the Holders of
Securities; or
	 
	 	(l)	 	to provide for the issuance under this Indenture of Securities of a series
in coupon form (including Securities registrable as to principal only) and to provide
for exchangeability of such Securities with the Securities issued hereunder in fully
registered form and to make all appropriate changes for such purpose.

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

     Any supplemental indenture authorized by the provisions of this Section may be executed
without the consent of the Holders of any of the Securities at the time outstanding,
notwithstanding any of the provisions of Section 7.02.

     Section 7.02 . Supplemental Indentures With Consent Of Securityholders. With the consent
(evidenced as provided in Article 6) of the Holders of not less than a majority in aggregate
principal amount of the Securities at the time Outstanding of all series affected by such
supplemental indenture (voting as one class), the Issuer, when authorized by a resolution of its
Board of Directors, and the Trustee may, from time to time and at any time, enter into an indenture
or indentures supplemental hereto for the purpose of adding any provisions to or changing in any
manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or
of modifying in any manner the rights of the Holders of the Securities of each such series;
provided, that no such supplemental indenture shall without the consent of each Holder affected
thereby:

     (i) change the stated maturity of the Principal of, or any sinking fund
obligation or any installment of interest on, such Holder’s Security;

     (ii) reduce the Principal thereof or the rate of interest thereon, or any
premium payable with respect thereto;

     (iii) change any place of payment where, or the currency in which, any
Security or any premium or the interest thereon is payable;

43.

 

     (iv) change the provisions for calculating the optional redemption price,
including the definitions relating thereto;

     (v) make any change to Section 4.07 or 4.10 (except to include other
provisions subject to Section 4.10);

     (vi) reduce the percentage in principal amount of outstanding Securities of
the relevant series the consent of whose Holders is required for any such
supplemental indenture, for any waiver of compliance with any provisions of this
Indenture or any Defaults and their consequences provided for in this Indenture;

     (vii) alter or impair the right to convert any Security at the rate and upon
the terms provided in Article 12;

     (viii) waive a default in the payment of Principal of or interest on any
Security of such Holder (except pursuant to a rescission of acceleration pursuant
to Section 4.01);

     (ix) adversely affect the rights in any material respect of such Holder
under any mandatory redemption or repurchase provision or any right of redemption
or repurchase at the option of such Holder;

     (x) modify any of the provisions of this Section 7.02, except to increase
any such percentage or to provide that certain other provisions of this Indenture
cannot be modified or waived without the consent of the Holder of each
outstanding Security affected thereby; or

     (xi) change or waive any provision that, pursuant to a board resolution or
indenture supplemental hereto establishing the terms of one or more series of
Securities, is prohibited to be so changed or waived.

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

     Upon the written request of the Issuer, accompanied by a copy of a resolution of the Board of
Directors certified by the secretary or an assistant secretary of the Issuer authorizing the
execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of
the consent of

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Securityholders as aforesaid and other documents, if any, required by Section 6.01, the
Trustee shall join with the Issuer in the execution of such supplemental indenture unless such
supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture
or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter
into such supplemental indenture.

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

     Promptly after the execution by the Issuer and the Trustee of any supplemental indenture
pursuant to the provisions of this Section, the Issuer shall mail a notice thereof by first class
mail to the Holders of Securities of each series affected thereby at their addresses as they shall
appear on the registry books of the Issuer, setting forth in general terms the substance of such
supplemental indenture. Any failure of the Issuer to mail such notice, or any defect therein,
shall not, however, in any way impair or affect the validity of any such supplemental indenture.

     Neither the Issuer nor any of its Subsidiaries will, directly or indirectly, pay or cause to
be paid any consideration, whether by way of interest, fee or otherwise, to any Holder of any
Securities for or as an inducement to any consent, waiver or amendment of any of the terms or
provisions of this Indenture or the Securities unless such consideration is offered to be paid or
agreed to be paid to all Holders of the Securities that consent, waive or agree to amend in the
time frame set forth in the solicitation documents relating to such consent, waiver or agreement.

     Section 7.03 . Effect Of Supplemental Indenture. Upon the execution of any supplemental
indenture pursuant to the provisions hereof, this Indenture shall be and be deemed to be modified
and amended in accordance therewith and the respective rights, limitations of rights, obligations,
duties and immunities under this Indenture of the Trustee, the Issuer and the Holders of Securities
of each series affected thereby shall thereafter be determined, exercised and enforced hereunder
subject in all respects to such modifications and amendments, and all the terms and conditions of
any such supplemental indenture shall be and be deemed to be part of the terms and conditions of
this Indenture for any and all purposes.

     Section 7.04 . Documents To Be Given To Trustee. The Trustee, subject to the provisions of
Sections 5.01 and 5.02, may receive an Officer’s Certificate and an Opinion of Counsel as
conclusive evidence that any supplemental indenture executed pursuant to this Article 7 complies
with the applicable provisions of this Indenture.

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     Section 7.05 . Notation On Securities In Respect Of Supplemental Indentures. Securities of
any series authenticated and delivered after the execution of any supplemental indenture pursuant
to the provisions of this Article may bear a notation in form approved by the Trustee for such
series as to any matter provided for by such supplemental indenture or as to any action taken at
any such meeting. If the Issuer or the Trustee shall so determine, new Securities of any series so
modified as to conform, in the opinion of the Trustee and the Board of Directors, to any
modification of this Indenture contained in any such supplemental indenture may be prepared by the
Issuer, authenticated by the Trustee and delivered in exchange for the Securities of such series
then outstanding.

ARTICLE 8

CONSOLIDATION, MERGER, SALE OR CONVEYANCE

     Section 8.01 . Issuer May Consolidate, Etc., On Certain Terms. Subject to the provisions of
Section 8.02, nothing contained in this Indenture or in any of the Securities shall prevent any
consolidation of merger of the Issuer with or into any other Person or Persons (whether or not
affiliated with the Issuer), or successive consolidations or mergers in which the Issuer or its
successor or successors shall be a party or parties, or shall prevent any sale, conveyance or lease
(or successive sales, conveyances or leases) of all or substantially all of the property of the
Issuer, to any other Person (whether or not affiliated with the Issuer), authorized to acquire and
operate the same and that shall be organized under the laws of the United States of America, any
state thereof or the District of Columbia upon any such consolidation, merger, sale, conveyance or
lease, the due and punctual payment of the principal of and premium, if any, and interest on all of
the Securities, according to their tenor and the due and punctual performance and observance of all
of the covenants and conditions of this Indenture to be performed by the Issuer, shall be expressly
assumed, by supplemental indenture satisfactory in form to the Trustee, executed and delivered to
the Trustee by the Person (if other than the Issuer) formed by such consolidation, or into which
the Issuer shall have been merged, or by the Person that shall have acquired or leased such
property, and such supplemental indenture shall provide for conversion rights (if applicable).

     Section 8.02 . Successor Corporation Substituted. In case of any such consolidation, merger,
sale, conveyance or lease and upon the assumption by the successor Person, by supplemental
indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the
due and punctual payment of the principal of and premium, if any, and interest on all of the
Securities and the due and punctual performance of all of the covenants and conditions of this
Indenture to be performed by the Issuer, such successor Person shall succeed to and be substituted
for the Issuer, with the same effect as if it had been named herein as the party of this first
part. Such successor Person thereupon may cause

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to be signed, and may issue either in its own name or in the name of PlanetOut Inc. any or all
of the Securities, issuable hereunder that theretofore shall not have been signed by the Issuer and
delivered to the Trustee; and, upon the order of such successor Person instead of the Issuer and
subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee
shall authenticate and shall deliver, or cause to be authenticated and delivered, any Securities
that previously shall have been signed and delivered by the officers of the Issuer to the Trustee
for authentication, and any Securities that such successor Person thereafter shall cause to be
signed and delivered to the Trustee for that purpose. All the Securities so issued shall in all
respects have the same legal rank and benefit under this Indenture as the Securities theretofore or
thereafter issued in accordance with the terms of this Indenture as though all of such Securities
had been issued at the date of the execution hereof. In the event of any such consolidation,
merger, sale, conveyance or lease, the Person named as the “Issuer” in the first paragraph of this
Indenture or any successor that shall thereafter have become such in the manner prescribed in this
Article 8 may be dissolved, wound up and liquidated at any time thereafter and such Person shall be
released from its liabilities as obligor and maker of the Securities and from its obligations under
this Indenture.

     In case of any such consolidation, merger, sale, lease or conveyance such changes in
phraseology and form (but not in substance) may be made in the Securities thereafter to be issued
as may be appropriate.

     In the event of any such sale or conveyance (other than a conveyance by way of lease) the
Issuer or any successor corporation which shall theretofore have become such in the manner
described in this Article shall be discharged from all obligations and covenants under this
Indenture and the Securities and may be liquidated and dissolved.

ARTICLE 9

DISCHARGE OF INDENTURE

     Section 9.01 . Defeasance Within One Year Of Payment. Except as otherwise provided in this
Section 9.01, the Issuer may terminate its obligations under the Securities of any series and this
Indenture with respect to Securities of such series if:

     (i) all Securities of such series previously authenticated and delivered
(other than destroyed, lost or wrongfully taken Securities of such series that
have been replaced or Securities of such series that are paid pursuant to Section
3.01 or Securities of such series for whose payment money or securities have
theretofore been held in trust and thereafter repaid to the Issuer, as provided
in Section 9.05) have been delivered to the Trustee for

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     cancellation and the Issuer has paid all sums payable by it hereunder; or

     (ii) (A) the Securities of such series mature within one year or all of them
are to be called for redemption within one year under arrangements satisfactory
to the Trustee for giving the notice of redemption, (B) the Issuer irrevocably
deposits in trust with the Trustee, as trust funds solely for the benefit of the
Holders of such Securities for that purpose, money or U.S. Government Obligations
or a combination thereof sufficient (unless such funds consist solely of money,
in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee), without
consideration of any reinvestment and after payment of all federal, state and
local taxes or other charges and assessments in respect thereof payable by the
Trustee, to pay Principal of and interest on the Securities of such series to
maturity or redemption, as the case may be, and to pay all other sums payable by
it hereunder, and (C) the Issuer delivers to the Trustee an Officer’s Certificate
and an Opinion of Counsel, in each case stating that all conditions precedent
provided for herein relating to the satisfaction and discharge of this Indenture
with respect to the Securities of such series have been complied with.

     With respect to the foregoing clause (i), only the Issuer’s obligations under Sections 5.06
and 9.05 in respect of the Securities of such series shall survive. With respect to the foregoing
clause (ii), only the Issuer’s obligations in Sections 2.03 through 2.11, 3.02, 5.06, 5.09 and 9.05
in respect of the Securities of such series shall survive until such Securities of such series are
no longer outstanding. Thereafter, only the Issuer’s obligations in Sections 5.06 and 9.05 in
respect of the Securities of such series shall survive. After any such irrevocable deposit, the
Trustee shall acknowledge in writing the discharge of the Issuer’s obligations under the Securities
of such series and this Indenture with respect to the Securities of such series except for those
surviving obligations specified above.

     Section 9.02 . Defeasance. Except as provided below, the Issuer will be deemed to have paid
and will be discharged from any and all obligations in respect of the Securities of any series and
the provisions of this Indenture will no longer be in effect with respect to the Securities of such
series (and the Trustee, at the expense of the Issuer, shall execute instruments in form and
substance satisfactory to the Issuer and the Trustee acknowledging the same); provided that the
following conditions shall have been satisfied:

     (i) the Issuer has irrevocably deposited in trust with the Trustee as trust funds
specifically pledged as security for, and dedicated solely to, Holders of the Securities
of such series, for payment of the

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Principal of and interest on the Securities of such series, money or U.S. Government
Obligations or a combination thereof sufficient (unless such funds consist solely of
money, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee) without
consideration of any reinvestment and after payment of all federal, state and local taxes
or other charges and assessments in respect thereof payable by the Trustee, to pay and
discharge the Principal of and accrued interest on the outstanding Securities of such
series to maturity or earlier redemption (irrevocably provided for under arrangements
satisfactory to the Trustee), as the case may be;

     (ii) such deposit will not result in a breach or violation of, or constitute a
default under, this Indenture or any other material agreement or instrument to which the
Issuer is a party or by which it is bound;

     (iii) 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;

     (iv) the Issuer shall have delivered to the Trustee either (x) a ruling directed to
the Trustee received from or a ruling published by the Internal Revenue Service to the
effect 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 the Issuer’s exercise of its option
under this Section 9.02 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 and
defeasance had not occurred or (y) an Opinion of Counsel to the same effect as the ruling
described in clause (x) above and based upon a change in law; and

     (v) the Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion
of Counsel, in each case stating that all conditions precedent provided for herein
relating to the defeasance contemplated by this Section 9.02 of the Securities of such
series have been complied with.

     The Issuer’s obligations in Sections 2.03 through 2.11, 3.02, 5.06, 5.09 and 9.05 with respect
to the Securities of such series shall survive until such Securities are no longer outstanding.
Thereafter, only the Issuer’s obligations in Sections 5.06 and 9.05 shall survive.

     Section 9.03 . Covenant Defeasance. The Issuer may omit to comply with any term, provision
or condition set forth in Section 3.04 (or any other specific covenant relating to the Securities
of any series provided for in a Board Resolution or supplemental indenture pursuant to Section 2.03
which may by its

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terms be defeased pursuant to this Section 9.03), and such omission shall be deemed not to be
an Event of Default under clause (c) of Section 4.01, with respect to the outstanding Securities of
such series if:

     (i) the Issuer has irrevocably deposited in trust with the Trustee as trust
funds solely for the benefit of the Holders of the Securities of such series, for
payment of the Principal of and interest, if any, on the Securities of such
series, money or U.S. Government Obligations or a combination thereof in an
amount sufficient (unless such funds consist solely of money, in the opinion of a
nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee) without consideration of
any reinvestment and after payment of all federal, state and local taxes or other
charges and assessments in respect thereof payable by the Trustee, to pay and
discharge the Principal of and interest on the outstanding Securities of such
series to maturity or earlier redemption (irrevocably provided for under
arrangements satisfactory to the Trustee), as the case may be;

     (ii) such deposit will not result in a breach or violation of, or constitute
a default under, this Indenture or any other material agreement or instrument to
which the Issuer is a party or by which it is bound;

     (iii) 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;

     (iv) the Issuer has delivered to the Trustee an Opinion of Counsel to the
effect that such Holders will not recognize income, gain or loss for federal
income tax purposes as a result of such deposit and covenant defeasance 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 and defeasance had not
occurred; and

     (v) the Issuer has delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, in each case stating that all conditions precedent provided
for herein relating to the covenant defeasance contemplated by this Section 9.03
of the Securities of such series have been complied with.

     Section 9.04 . Application Of Trust Money. Subject to Section 9.05, the Trustee or Paying
Agent shall hold in trust money or U.S. Government Obligations deposited with it pursuant to
Section 9.01, 9.02 or 9.03, as the case

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may be, in respect of the Securities of any series and shall apply the deposited money and the
proceeds from deposited U.S. Government Obligations in accordance with the Securities of such
series and this Indenture to the payment of Principal of and interest on the Securities of such
series; but such money need not be segregated from other funds except to the extent required by
law. The Issuer shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the U.S. Government Obligations deposited pursuant to Section 9.01, 9.02 or
9.03, as the case may be, or the principal and interest received in respect thereof, other than any
such tax, fee or other charge that by law is for the account of the Holders.

     Section 9.05 . Repayment To Issuer. Subject to Sections 5.06, 9.01, 9.02 and 9.03, the
Trustee and the Paying Agent shall promptly pay to the Issuer upon request set forth in an
Officer’s Certificate any money held by them at any time and not required to make payments
hereunder and thereupon shall be relieved from all liability with respect to such money. Subject
to applicable escheat or abandoned or unclaimed property laws, the Trustee and the Paying Agent
shall pay to the Issuer upon written request any money held by them and required to make payments
hereunder under this Indenture that remains unclaimed for two years or such other shorter period
set forth in applicable escheat or abandoned or unclaimed property law; provided that the Trustee
or such Paying Agent before being required to make any payment may cause to be published at the
expense of the Issuer once in an Authorized Newspaper or mail to each Holder entitled to such money
at such Holder’s address (as set forth in the register) notice that such money remains unclaimed
and that after a date specified therein (which shall be at least 30 days from the date of such
publication or mailing) any unclaimed balance of such money then remaining will be repaid to the
Issuer. After payment to the Issuer, Holders entitled to such money must look to the Issuer for
payment as unsecured general creditors unless an abandoned property law designates another Person,
and all liability of the Trustee and such Paying Agent with respect to such money shall cease.

ARTICLE 10

MISCELLANIOUS PROVISIONS

     Section 10.01 . Incorporators, Stockholders, Officers And Directors Of Issuer Exempt From
Individual Liability. No recourse under or upon any obligation, covenant or agreement contained in
this Indenture, or in any Security, or because of any indebtedness evidenced thereby, shall be had
against any incorporator, as such, or against any past, present or future stockholder, officer,
director or employee, as such, of the Issuer or of any successor, either directly or through the
Issuer or any successor, under any rule of law, statute or constitutional provision or by the
enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such
liability being expressly waived and

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released by the acceptance of the Securities by the holders thereof and as part of the
consideration for the issue of the Securities.

     Section 10.02 . Provisions Of Indenture For The Sole Benefit Of Parties And Securityholders.
Nothing in this Indenture or in the Securities, expressed or implied, shall give or be construed to
give to any person, firm or corporation, other than the parties hereto and their successors and the
Holders of the Securities, any legal or equitable right, remedy or claim under this Indenture or
under any covenant or provision herein contained, all such covenants and provisions being for the
sole benefit of the parties hereto and their successors and of the Holders of the Securities.

     Section 10.03 . Successors And Assigns Of Issuer Bound By Indenture. All the covenants,
stipulations, promises and agreements in this Indenture contained by or in behalf of the Issuer
shall bind its successors and assigns, whether so expressed or not.

     Section 10.04 . Notices And Demands On Issuer, Trustee And Securityholders. Any notice or
demand which by any provision of this Indenture is required or permitted to be given or served by
the Trustee or by the Holders of Securities to or on the Issuer may be given or served by being
deposited postage prepaid, first-class mail (except as otherwise specifically provided herein)
addressed (until another address of the Issuer is filed by the Issuer with the Trustee) to
PlanetOut Inc. at 1355 Sansome Street, San Francisco, CA 94111, Attention: Chief Financial
Officer. Any notice, direction, request or demand by the Issuer or any Securityholder to or upon
the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or
made at the Corporate Trust Office.

     Where this Indenture provides for notice to Holders, such notice shall be sufficiently given
(unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid,
to each Holder entitled thereto, at his last address as it appears in the Security register. In
any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any
defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such
notice with respect to other Holders. Where this Indenture provides for notice in any manner, such
notice may be waived in writing by the person entitled to receive such notice, either before or
after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by
Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the
validity of any action taken in reliance upon such waiver.

     In case, by reason of the suspension of or irregularities in regular mail service, it shall be
impracticable to mail notice to the Issuer and Securityholders when such notice is required to be
given pursuant to any provision of this

52.

 

Indenture, then any manner of giving such notice as shall be satisfactory to the Trustee shall
be deemed to be a sufficient giving of such notice.

     Section 10.05 . Officer’s Certificates And Opinions Of Counsel; Statements To Be Contained
Therein. Upon any application or demand by the Issuer to the Trustee to take any action under any
of the provisions of this Indenture, the Issuer shall furnish to the Trustee an Officer’s
Certificate stating that all conditions precedent provided for in this Indenture relating to the
proposed action have been complied with and an Opinion of Counsel stating that in the opinion of
such counsel all such conditions precedent have been complied with, except that in the case of any
such application or demand as to which the furnishing of such documents is specifically required by
any provision of this Indenture relating to such particular application or demand, no additional
certificate or opinion need be furnished.

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

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

     Any certificate, statement or opinion of an officer of the Issuer or of counsel may be based,
insofar as it relates to accounting matters, upon a certificate or opinion of or representations by
an accountant or firm of accountants in the employ of the Issuer, unless such officer or counsel,
as the case may be, knows that the certificate or opinion or representations with respect to the

53.

 

accounting matters upon which his certificate, statement or opinion may be based as aforesaid
are erroneous, or in the exercise of reasonable care should know that the same are erroneous.

     Any certificate or opinion of any independent firm of public accountants filed with the
Trustee shall contain a statement that such firm is independent.

     Section 10.06 . Payments Due On Saturdays, Sundays And Holidays. If the date of maturity of
interest on or principal of the Securities of any series or the date fixed for redemption or
repayment of any such Security shall not be a Business Day, then payment of interest or principal
need not be made on such date, but may be made on the next succeeding Business Day with the same
force and effect as if made on the date of maturity or the date fixed for redemption, and no
interest shall accrue for the period after such date.

     Section 10.07 . Conflict Of Any Provision Of Indenture With Trust Indenture Act Of 1939. If
and to the extent that any provision of this Indenture limits, qualifies or conflicts with another
provision included in this Indenture by operation of Sections 310 to 317, inclusive, of the Trust
Indenture Act of 1939 (an “incorporated provision”), such incorporated provision shall control.

     Section 10.08 . California Law To Govern. This Indenture and each Security shall be deemed
to be a contract under the laws of the State of California, and for all purposes shall be construed
in accordance with the laws of such State, except as may otherwise be required by mandatory
provisions of law.

     Section 10.09 . Counterparts. This Indenture may be executed in any number of counterparts,
each of which shall be an original; but such counterparts shall together constitute but one and the
same instrument.

     Section 10.10 . Effect Of Headings. The Article and Section headings herein and the Table of
Contents are for convenience only and shall not affect the construction hereof.

ARTICLE 11

REDEMPTION OF SECURITIES AND SINKING FUNDS

     Section 11.01 . Applicability Of Article. The provisions of this Article shall be applicable
to the Securities of any series which are redeemable before their maturity or to any sinking fund
for the retirement of Securities of a series except as otherwise specified as contemplated by
Section 2.03 for Securities of such series.

     Section 11.02 . Notice Of Redemption; Partial Redemptions. Notice of redemption to the
Holders of Securities of any series to be redeemed as a whole or

54.

 

in part at the option of the Issuer shall be given by mailing notice of such redemption by
first class mail, postage prepaid, at least 20 days and not more than 60 days prior to the date
fixed for redemption to such Holders of Securities of such series at their last addresses as they
shall appear upon the registry books. Any notice which is mailed in the manner herein provided
shall be conclusively presumed to have been duly given, whether or not the Holder receives the
notice. Failure to give notice by mail, or any defect in the notice to the Holder of any Security
of a series designated for redemption as a whole or in part shall not affect the validity of the
proceedings for the redemption of any other Security of such series.

     The notice of redemption to each such Holder shall specify the CUSIP numbers of such
Securities to be redeemed, the principal amount of each Security of such series held by such Holder
to be redeemed, the date fixed for redemption, the redemption price, the place or places of
payment, that payment will be made upon presentation and surrender of such Securities, that such
redemption is pursuant to the mandatory or optional sinking fund, or both, if such be the case,
that interest accrued to the date fixed for redemption will be paid as specified in such notice and
that on and after said date interest thereon or on the portions thereof to be redeemed will cease
to accrue. In case any Security of a series is to be redeemed in part only the notice of
redemption shall state the portion of the principal amount thereof to be redeemed and shall state
that on and after the date fixed for redemption, upon surrender of such Security, a new Security or
Securities of such series in principal amount equal to the unredeemed portion thereof will be
issued.

     The notice of redemption of Securities of any series to be redeemed at the option of the
Issuer shall be given by the Issuer or, at the Issuer’s written request, by the Trustee in the name
and at the expense of the Issuer.

     By 11:00 a.m. (New York City time) on the redemption date specified in the notice of
redemption given as provided in this Section, the Issuer will deposit with the Trustee or with one
or more paying agents (or, if the Issuer is acting as its own paying agent, set aside, segregate
and hold in trust as provided in Section 3.03) an amount of money sufficient to redeem on the
redemption date all the Securities of such series so called for redemption at the appropriate
redemption price, together with accrued interest to the date fixed for redemption. If less than
all the outstanding Securities of a series are to be redeemed, the Issuer will deliver to the
Trustee at least 70 days prior to the date fixed for redemption an Officer’s Certificate stating
the aggregate principal amount of Securities to be redeemed.

     In the case of the redemption of all of the Securities of a series outstanding, the Issuer
shall notify the Trustee in writing of the redemption date 45 days (unless a shorter period shall
be satisfactory to the Trustee) prior to the redemption date.

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     If less than all the Securities of a series are to be redeemed, the Trustee shall select, pro
rata or by lot or in such manner as it shall deem appropriate and fair, Securities of such Series
to be redeemed in whole or in part. Securities of a series may be redeemed in part in multiples
equal to the minimum authorized denomination for Securities of such series or any multiple thereof.
The Trustee shall promptly notify the Issuer in writing of the Securities of such series selected
for redemption and, in the case of any Securities of such series selected for partial redemption,
the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the
context otherwise requires, all provisions relating to the redemption of Securities of any series
shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion
of the principal amount of such Security which has been or is to be redeemed.

     Section 11.03 . Payment Of Securities Called For Redemption. If notice of redemption has
been given as above provided, the Securities or portions of Securities specified in such notice
shall become due and payable on the date and at the place stated in such notice at the applicable
redemption price, together with interest accrued to the date fixed for redemption, and on and after
said date (unless the Issuer shall default in the payment of such Securities at the redemption
price, together with interest accrued to said date) interest on the Securities or portions of
Securities so called for redemption shall cease to accrue and, except as provided in Sections 5.05
and 9.04, such Securities shall cease from and after the date fixed for redemption to be entitled
to any benefit or security under this Indenture, and the Holders thereof shall have no right in
respect of such Securities except the right to receive the redemption price thereof and unpaid
interest to the date fixed for redemption. On presentation and surrender of such Securities at a
place of payment specified in said notice, said Securities or the specified portions thereof shall
be paid and redeemed by the Issuer at the applicable redemption price, together with interest
accrued thereon to the date fixed for redemption; provided that any semiannual payment of interest
becoming due on the date fixed for redemption shall be payable to the Holders of such Securities
registered as such on the relevant record date subject to the terms and provisions of Section 2.04
hereof.

     If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal shall, until paid or duly provided for, bear interest from the date fixed
for redemption at the rate of interest or Yield to Maturity (in the case of an Original Issue
Discount Security) borne by the Security.

     Upon presentation of any Security redeemed in part only, the Issuer shall execute and the
Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of
the Issuer, a new Security or Securities of such series, of authorized denominations, in principal
amount equal to the unredeemed portion of the Security so presented.

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     Section 11.04 . Exclusion Of Certain Securities From Eligibility For Selection For
Redemption. Securities shall be excluded from eligibility for selection for redemption if they are
identified by registration and certificate number in a written statement signed by an authorized
officer of the Issuer and delivered to the Trustee at least 40 days prior to the last date on which
notice of redemption may be given as being owned of record and beneficially by, and not pledged or
hypothecated by either (a) the Issuer or (b) an entity specifically identified in such written
statement directly or indirectly controlling or controlled by or under direct or indirect common
control with the Issuer.

     Section 11.05 . Mandatory And Optional Sinking Funds. The minimum amount of any sinking fund
payment provided for by the terms of Securities of any series is herein referred to as a “mandatory
sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms
of Securities of any series is herein referred to as an “optional sinking fund payment”. The date
on which a sinking fund payment is to be made is herein referred to as the “sinking fund payment
date”.

     In lieu of making all or any part of any mandatory sinking fund payment with respect to any
series of Securities in cash, the Issuer may at its option (a) deliver to the Trustee Securities of
such series theretofore purchased or otherwise acquired (except upon redemption pursuant to the
mandatory sinking fund) by the Issuer or receive credit for Securities of such series (not
previously so credited) theretofore purchased or otherwise acquired (except as aforesaid) by the
Issuer and delivered to the Trustee for cancellation pursuant to Section 2.10, (b) receive credit
for optional sinking fund payments (not previously so credited) made pursuant to this Section, or
(c) receive credit for Securities of such series (not previously so credited) redeemed by the
Issuer through any optional redemption provision contained in the terms of such series. Securities
so delivered or credited shall be received or credited by the Trustee at the sinking fund
redemption price specified in such Securities.

     On or before the sixtieth day next preceding each sinking fund payment date for any series,
the Issuer will deliver to the Trustee an Officer’s Certificate (a) specifying the portion of the
mandatory sinking fund payment to be satisfied by payment of cash and the portion to be satisfied
by credit of Securities of such series, (b) stating that none of the Securities of such series has
theretofore been so credited, (c) stating that no defaults in the payment of interest or Events of
Default with respect to such series have occurred (which have not been waived or cured) and are
continuing and (d) stating whether or not the Issuer intends to exercise its right to make an
optional sinking fund payment with respect to such series and, if so, specifying the amount of such
optional sinking fund payment which the Issuer intends to pay on or before the next succeeding
sinking fund payment date. Any Securities of such series to be credited and required to be
delivered to the Trustee in order for the Issuer to be entitled to credit therefor as aforesaid
which have not theretofore been delivered to the Trustee shall be

57.

 

delivered for cancellation pursuant to Section 2.10 to the Trustee with such written statement
(or reasonably promptly thereafter if acceptable to the Trustee). Such Officer’s Certificate shall
be irrevocable and upon its receipt by the Trustee the Issuer shall become unconditionally
obligated to make all the cash payments or payments therein referred to, if any, on or before the
next succeeding sinking fund payment date. Failure of the Issuer, on or before any such sixtieth
day, to deliver such written statement and Securities specified in this paragraph, if any, shall
not constitute a default but shall constitute, on and as of such date, the irrevocable election of
the Issuer (i) that the mandatory sinking fund payment for such series due on the next succeeding
sinking fund payment date shall be paid entirely in cash without the option to deliver or credit
Securities of such series in respect thereof and (ii) that the Issuer will make no optional sinking
fund payment with respect to such series as provided in this Section.

     If the sinking fund payment or payments (mandatory or optional or both) to be made in cash on
the next succeeding sinking fund payment date plus any unused balance of any preceding sinking fund
payments made in cash shall exceed $50,000 (or a lesser sum if the Issuer shall so request in
writing) with respect to the Securities of any particular series, such cash shall be applied on the
next succeeding sinking fund payment date to the redemption of Securities of such series at the
sinking fund redemption price together with accrued interest to the date fixed for redemption. If
such amount shall be $50,000 or less and the Issuer makes no such request then it shall be carried
over until a sum in excess of $50,000 is available. The Trustee shall select, in the manner
provided in Section 11.02, for redemption on such sinking fund payment date a sufficient principal
amount of Securities of such series to absorb said cash, as nearly as may be, and shall (if
requested in writing by the Issuer) inform the Issuer of the serial numbers of the Securities of
such series (or portions thereof) so selected. Securities of any series which are identified in an
Officer’s Certificate at least 60 days prior to the sinking fund payment date as being beneficially
owned by, and not pledged or hypothecated by, the Issuer or an entity directly or indirectly
controlling or controlled by or under direct or indirect common control with the Issuer shall be
excluded from Securities of such series eligible for selection for redemption. The Issuer or the
Trustee, in the name and at the expense of the Issuer (if the Issuer shall so request the Trustee
in writing) shall cause notice of redemption of the Securities of such series to be given in the
manner provided in Section 11.02 (and with the effect provided in Section 11.03) for the redemption
of Securities of such series in part at the option of the Issuer. The amount of any sinking fund
payments not so applied or allocated to the redemption of Securities of such series shall be added
to the next cash sinking fund payment for such series and, together with such payment, shall be
applied in accordance with the provisions of this Section. Any and all sinking fund moneys held on
the stated maturity date of the Securities of any particular series (or earlier, if such maturity
is accelerated), which are not held for the payment or redemption of particular Securities of such
series shall be applied, together with other moneys, if necessary, sufficient for the

58.

 

purpose, to the payment of the principal of, and interest on, the Securities of such series at
maturity.

     At least one Business Day before each sinking fund payment date, the Issuer shall pay to the
Trustee in cash or shall otherwise provide for the payment of all interest accrued to the date
fixed for redemption on Securities to be redeemed on the next following sinking fund payment date.

     The Trustee shall not redeem or cause to be redeemed any Securities of a series with sinking
fund moneys or mail any notice of redemption of Securities for such series by operation of the
sinking fund during the continuance of a default in payment of interest on such Securities or of
any Event of Default if the Trustee has received written notice thereof at least three Business
Days prior to any payment hereunder except that, where the mailing of notice of redemption of any
Securities shall theretofore have been made, the Trustee shall redeem or cause to be redeemed such
Securities, provided that it shall have received from the Issuer a sum sufficient for such
redemption. Except as aforesaid, if the Trustee has received written notice of such default or
Event of Default at least three Business Days prior to any payment hereunder, any moneys in the
sinking fund for such series at the time when any such default or Event of Default shall occur, and
any moneys thereafter paid into the sinking fund, shall, during the continuance of such default or
Event of Default, be deemed to have been collected under Article 4 and held for the payment of all
such Securities. In case such Event of Default shall have been waived as provided in Section 4.10
or the default cured on or before the sixtieth day preceding the sinking fund payment date in any
year, such moneys shall thereafter be applied on the next succeeding sinking fund payment date in
accordance with this Section to the redemption of such Securities.

     Section 11.06 . Conversion Arrangement On Call For Redemption. In connection with any
redemption of Securities, the Issuer shall deposit the amount due in connection with such
redemption as required by Section 11.02 or it may arrange for the purchase and conversion of any
Securities called for redemption by an agreement with one or more investment bankers or other
purchasers to purchase such Securities and to make the deposit required of it by Section 11.02 on
its behalf by paying to the Trustee or the Paying Agent in trust for the Securityholders, on or
before 10:00 a.m. New York time on the redemption date, an amount no less than the redemption
price, together with interest, if any, accrued to the redemption date of such Securities, in
immediately available funds. Notwithstanding anytime to the contrary contained in this Article 11,
the obligation of the Issuer to pay the redemption price of such Securities, including all accrued
interest, if any, shall be deemed to be satisfied and discharged to the extent such amount is so
paid by such purchasers. If such an agreement is entered into, any Securities not duly surrendered
for conversion by the holders thereof may, at the option of the Issuer, be deemed, to the fullest
extent permitted by law, acquired by such purchasers from such holders and (notwithstanding
anything to

59.

 

the contrary contained in Article 12) surrendered by such purchasers for conversion, all as of
immediately prior to the close of business on the last day on which Securities of such series
called for redemption may be converted in accordance with this Indenture and the terms of such
Securities, subject to payment of the above amount aforesaid. The Trustee or the Paying Agent
shall hold and pay to the Securityholders whose Securities are selected for redemption any such
amount paid to it in the same manner as it would moneys deposited with it by the Issuer for the
redemption of Securities. Without the Trustee’s and the Paying Agent’s prior written consent, no
arrangement between the Issuer and such purchasers for the purchase and conversion of any
Securities shall increase or otherwise affect any of the powers, duties, responsibilities or
obligations of the Trustee as set forth in this Indenture, and the Issuer agrees to indemnify the
Trustee from, and hold it harmless against, any loss, liability or expense arising out of or in
connection with any such arrangement for the purchase and conversion of any Securities between the
Issuer and such purchasers, including the costs and expenses incurred by the Trustee and the Paying
Agent in the defense of any claim or liability arising out of or in connection with the exercise or
performance of any of its powers, duties, responsibilities or obligations under this Indenture.

60.

 

     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals to be hereunto affixed and attested, all as of the first date
written above.

	 	 	 	 	 
	 	PLANETOUT INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	[CORPORATE SEAL]	 	 
	 
	 	 	 	 
	Attest:	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	 	[TRUSTEE]

 	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	[CORPORATE SEAL]	 	 
	 
	 	 	 	 
	Attest:	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 

61.exv4w6

 

EXHIBIT 4.6

 

PLANETOUT INC.

and

Wells Fargo Bank, National Association, Trustee

INDENTURE

Dated as of                     , 2006

 

Subordinated Securities

 

 

 

Table of Contents

	 	 	 	 	 
	 	 	Page
	ARTICLE 1 DEFINITIONS
	 	 	1	 
	Section 1.01. Certain Terms Defined
	 	 	1	 
	ARTICLE 2       SECURITIES
	 	 	7	 
	Section 2.01. Forms Generally
	 	 	7	 
	Section 2.02. Form Of Trustee’s Certification Of Authentication
	 	 	8	 
	Section 2.03. Amount Unlimited; Issuable In Series
	 	 	8	 
	Section 2.04. Authentication And Delivery Of Securities
	 	 	10	 
	Section 2.05. Execution Of Securities
	 	 	11	 
	Section 2.06. Certificate Of Authentication
	 	 	11	 
	Section 2.07. Denomination And Date Of Securities; Payments Of Interest
	 	 	12	 
	Section 2.08. Registration, Transfer And Exchange
	 	 	12	 
	Section 2.09. Mutilated, Defaced, Destroyed, Lost And Stolen Securities
	 	 	15	 
	Section 2.10. Cancellation Of Securities; Destruction Thereof
	 	 	15	 
	Section 2.11. Temporary Securities
	 	 	16	 
	Section 2.12. Computation Of Interest
	 	 	16	 
	ARTICLE 3
      COVENANTS OF THE ISSUER AND THE TRUSTEE
	 	 	16	 
	Section 3.01. Payment Of Principal And Interest
	 	 	16	 
	Section 3.02. Offices For Payments, Etc.
	 	 	16	 
	Section 3.03. Paying Agents
	 	 	17	 
	Section 3.04. Certificate Of The Issuer
	 	 	18	 
	Section 3.05. Securityholders Lists
	 	 	18	 
	Section 3.06. Reports By The Issuer
	 	 	18	 
	Section 3.07. Corporate Existence
	 	 	18	 
	Section 3.08. Restrictions On Mergers, Sales And Consolidations
	 	 	18	 
	Section 3.09. Further Assurances
	 	 	19	 
	ARTICLE 4       REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT
	 	 	19	 
	Section 4.01. Event Of Default Defined; Acceleration Of Maturity; Waiver Of Default
	 	 	19	 
	Section 4.02. Collection Of Indebtedness By Trustee; Trustee May Prove Debt
	 	 	21	 

i. 

 

 

Table Of Contents

(CONTINUED)

	 	 	 	 	 
	 	 	Page
	Section 4.03. Application Of Proceeds
	 	 	23	 
	Section 4.05. Restoration Of Rights On Abandonment Of Proceedings
	 	 	24	 
	Section 4.06. Limitations On Suits By Securityholder
	 	 	24	 
	Section 4.07. Unconditional Right Of Securityholders To Institute Certain Suits
	 	 	25	 
	Section 4.08. Powers And Remedies Cumulative; Delay Or Omission Not Waiver Of
Default
	 	 	25	 
	Section 4.09. Control By Securityholders
	 	 	25	 
	Section 4.10. Waiver Of Past Defaults
	 	 	25	 
	Section 4.11. Trustee To Give Notice Of Default, But May Withhold In Certain
Circumstances
	 	 	26	 
	Section 4.12. Right Of Court To Require Filing Of Undertaking To Pay Costs
	 	 	26	 
	ARTICLE 5       CONCERNING THE TRUSTEE
	 	 	26	 
	Section 5.01. Duties And Responsibilities Of The Trustee; During Default; Prior To
Default
	 	 	26	 
	Section 5.02. Certain Rights Of The Trustee
	 	 	28	 
	Section 5.03. Trustee Not Responsible For Recitals, Disposition Of Securities Or
Application Of Proceeds Thereof
	 	 	29	 
	Section 5.04. Trustee And Agents May Hold Securities; Collections, Etc.
	 	 	29	 
	Section 5.05. Moneys Held By Trustee
	 	 	29	 
	Section 5.06. Compensation And Indemnification Of Trustee And Its Prior Claim
	 	 	29	 
	Section 5.07. Right Of Trustee To Rely On Officer’s Certificate, Etc.
	 	 	30	 
	Section 5.08. Persons Eligible For Appointment As Trustee
	 	 	30	 
	Section 5.09. Resignation And Removal; Appointment Of Successor Trustee
	 	 	30	 
	Section 5.10. Acceptance Of Appointment By Successor
	 	 	32	 
	Section 5.11. Merger, Conversion, Consolidation Or Succession To Business Of Trustee
	 	 	32	 
	Section 5.12. Reports By The Trustee
	 	 	33	 
	ARTICLE 6       CONCERNING THE SECURITYHOLDERS
	 	 	33	 
	Section 6.01. Evidence Of Action Taken By Securityholders
	 	 	33	 
	Section 6.02. Proof Of Execution Of Instruments And Of Holding Of Securities; Record
Date
	 	 	34	 

ii.

 

 

Table Of Contents

(CONTINUED)

	 	 	 	 	 
	 	 	Page
	Section 6.03. Holders To Be Treated As Owners
	 	 	34	 
	Section 6.04. Securities Owned By Issuer Deemed Not Outstanding
	 	 	34	 
	Section 6.05. Right Of Revocation Of Action Taken
	 	 	35	 
	ARTICLE 7       SUPPLEMENTAL INDENTURES
	 	 	35	 
	Section 7.01. Supplemental Indentures Without Consent Of Securityholders
	 	 	35	 
	Section 7.02. Supplemental Indentures With Consent Of Securityholders
	 	 	37	 
	Section 7.03. Effect Of Supplemental Indenture
	 	 	39	 
	Section 7.04. Documents To Be Given To Trustee
	 	 	39	 
	Section 7.05. Notation On Securities In Respect Of Supplemental Indentures
	 	 	39	 
	ARTICLE
8       CONSOLIDATION, MERGER, SALE OR CONVEYANCE
	 	 	39	 
	Section 8.01. Issuer May Consolidate, Etc., On Certain Terms
	 	 	39	 
	Section 8.02. Successor Corporation Substituted
	 	 	39	 
	ARTICLE 9       DISCHARGE OF INDENTURE
	 	 	40	 
	Section 9.01. Defeasance Within One Year Of Payment
	 	 	40	 
	Section 9.02. Defeasance
	 	 	41	 
	Section 9.03. Covenant Defeasance
	 	 	42	 
	Section 9.04. Application Of Trust Money
	 	 	43	 
	Section 9.05. Repayment To Issuer
	 	 	43	 
	ARTICLE 10       MISCELLANIOUS PROVISIONS
	 	 	44	 
	Section 10.01. Incorporators, Stockholders, Officers And Directors Of Issuer Exempt
From Individual Liability
	 	 	44	 
	Section 10.02. Provisions Of Indenture For The Sole Benefit Of Parties And
Securityholders
	 	 	44	 
	Section 10.03. Successors And Assigns Of Issuer Bound By Indenture
	 	 	44	 
	Section 10.04. Notices And Demands On Issuer, Trustee And Securityholders
	 	 	44	 
	Section 10.05. Officer’s Certificates And Opinions Of Counsel; Statements To Be
Contained Therein
	 	 	45	 
	Section 10.06. Payments Due On Saturdays, Sundays And Holidays
	 	 	46	 
	Section 10.07. Conflict Of Any Provision Of Indenture With Trust Indenture Act Of 1939
	 	 	46	 
	Section 10.08. California Law To Govern
	 	 	46	 

iii.

 

 

Table Of Contents

(CONTINUED)

	 	 	 	 	 
	 	 	Page
	Section 10.09. Counterparts
	 	 	46	 
	Section 10.10. Effect Of Headings
	 	 	46	 
	ARTICLE 11       REDEMPTION OF SECURITIES AND SINKING FUNDS
	 	 	46	 
	Section 11.01. Applicability Of Article
	 	 	46	 
	Section 11.02. Notice Of Redemption; Partial Redemptions
	 	 	46	 
	Section 11.03. Payment Of Securities Called For Redemption
	 	 	47	 
	Section 11.04. Exclusion Of Certain Securities From Eligibility For Selection For
Redemption
	 	 	48	 
	Section 11.05. Mandatory And Optional Sinking Funds
	 	 	48	 
	Section 11.06. Conversion Arrangement On Call For Redemption
	 	 	50	 
	ARTICLE 12       SUBORDINATION OF SECURITIES
	 	 	51	 
	Section 12.01. Agreement Of Subordination
	 	 	51	 
	Section 12.02. Agreement Of Subordination
	 	 	51	 
	Section 12.03. Subrogation Of Securities
	 	 	54	 
	Section 12.04. Authorization By Securityholders
	 	 	55	 
	Section 12.05. Notice To Trustee
	 	 	55	 
	Section 12.06. Trustee’s Relation To Senior Indebtedness
	 	 	56	 
	Section 12.07. No Impairment Of Subordination
	 	 	56	 
	Section 12.08. Rights Of Trustee
	 	 	56	 

iv.

 

 

     THIS INDENTURE, dated as of                     , 2006 between PLANETOUT INC., a Delaware corporation (the
“Issuer”) and Wells Fargo Bank, National Association (the “Trustee”).

W I T N E S S E T H:

     WHEREAS, the Issuer has duly authorized the issue from time to time of its unsecured
debentures, notes or other evidences of indebtedness to be issued in one or more series (the
“Securities”) up to such principal amount or amounts as may from time to time be authorized in
accordance with the terms of this Indenture and to provide, among other things, for the
authentication, delivery and administration thereof, the Issuer has duly authorized the execution
and delivery of this Indenture; and

     WHEREAS, all things necessary to make this Indenture a valid indenture and agreement according
to its terms have been done;

     NOW, THEREFORE:

     In consideration of the premises and the purchases of the Securities by the holders thereof,
the Issuer and the Trustee mutually covenant and agree for the equal and proportionate benefit of
the respective holders from time to time of the Securities as follows:

ARTICLE 1

DEFINITIONS

     Section 1.01. Certain Terms Defined. The following terms (except as otherwise expressly
provided or unless the context otherwise clearly requires) for all purposes of this Indenture and
of any indenture supplemental hereto shall have the respective meanings specified in this Section.
All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939 or the
definitions of which in the Securities Act of 1933 are referred to in the Trust Indenture Act of
1939, including terms defined therein by reference to the Securities Act of 1933 (except as herein
otherwise expressly provided or unless the context otherwise requires), shall have the meanings
assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the
date of this Indenture. All accounting terms used herein and not expressly defined shall have the
meanings assigned to such terms in accordance with generally accepted accounting principles, and
the term “generally accepted accounting principles” means such accounting principles as are
generally accepted at the time of any computation. The words “herein,” “hereof” and “hereunder”
and other words of similar import refer to this Indenture as a whole and not to any particular
Article, Section or other subdivision. The terms defined in this Article have the meanings
assigned to them in this Article and include the plural as well as the singular.

     “Board of Directors” means either the Board of Directors of the Issuer or any committee of
such Board duly authorized to act on its behalf.

     “Business Day” means, with respect to any Security, a day that in the city (or in any of the
cities, if more than one) in which amounts are payable, as specified in the form of such

1.

 

Security, is not a day on which banking institutions are authorized or required by law or
regulation to close.

     “Capital Stock” means, with respect to any Person, including the Issuer, any and all shares,
interests, participations or other equivalents (however designated, whether voting or non-voting)
of such Person’s capital stock or equity, including, without limitation, all common stock and
Preferred Stock.

     “Commission” means the Securities and Exchange Commission, as from time to time constituted,
created under the Securities Exchange Act of 1934, or if at any time after the execution and
delivery of this Indenture such Commission is not existing and performing the duties now assigned
to it under the Trust Indenture Act, then the body performing such duties on such date.

     “Common Stock” means, with respect to any Person, any and all shares, interests,
participations or other equivalents (however designated, whether voting or non-voting) of such
Person’s common stock, whether now outstanding or issued after the date of this Indenture,
including, without limitation, all series and classes of such common stock.

     “Corporate Trust Office” means the office of the Trustee at which the corporate trust business
of the Trustee shall, at any particular time, be principally administered, which office is, at the
date as of which this Indenture is dated, located at Sixth Street & Marquette Avenue, N9303-120,
Minneapolis, MN 55479, Attention: PlanetOut Administrator.

     “Default” means any Event of Default as defined in Section 4.01 and any event that is, or
after notice or passage of time or both would be, an Event of Default.

     “Depositary” means, with respect to the Securities of any series issuable or issued in the
form of one or more Registered Global Securities, the Person designated as Depositary by the Issuer
pursuant to Section 2.03 until a successor Depositary shall have become such pursuant to the
applicable provisions of this Indenture, and thereafter “Depositary” shall mean or include each
Person who is then a Depositary hereunder, and if at any time there is more than one such Person,
“Depositary” as used with respect to the Securities of any such series shall mean the Depositary
with respect to the Registered Global Securities of that series.

     “Designated Senior Indebtedness” means obligations of the Issuer under any Senior Indebtedness
with respect to which the instrument creating or evidencing the same or the assumption or guarantee
thereof (or related agreements or documents to which the Issuer is a party) expressly provides that
the Senior Indebtedness shall be ''Designated Senior Indebtedness’’ for purposes of the Indenture;
provided that the instrument, agreement or other document may place limitations and conditions on
the right of that Senior Indebtedness to exercise the rights of Designated Senior Indebtedness. If
any payment made to any holder of any Designated Senior Indebtedness or its representative with
respect so such Designated Senior Indebtedness is rescinded or must otherwise be returned by such
holder or representative upon the insolvency, bankruptcy or reorganization of the Issuer or
otherwise, the reinstated Indebtedness of the Issuer arising as a result f such rescission or
return shall constitute Designated Senior Indebtedness effective as of the date of such rescission
or return.

2.

 

     “Event of Default” means any event or condition specified as such in Section 4.01.

     “Holder,” “Holder of Securities,” “Securityholder” or other similar terms mean the registered
holder of any Security.

     “Indebtedness” means, with respect to any Person, and without duplication:

	 	(a)	 	all indebtedness, obligations and other liabilities (contingent or otherwise)
of that Person for borrowed money (including obligations of that Person in respect of
overdrafts, foreign exchange contracts, currency exchange agreements, interest rate
protection agreements, and any loans or advances from banks, whether or not evidenced
by notes or similar instruments) or evidenced by bonds, debentures, notes or similar
instruments (whether or not the recourse of the lender is to the whole of the assets of
that Person or to only a portion thereof), other than any account payable or other
accrued current liability or obligation incurred in the ordinary course of business in
connection with the obtaining of materials or services,
	 
	 	(b)	 	all reimbursement obligations and other liabilities (contingent or otherwise)
of that Person with respect to letters of credit, bank guaranties or bankers’
acceptances,
	 
	 	(c)	 	all obligations and liabilities (contingent or otherwise) in respect of leases
of that Person required, in conformity with generally accepted accounting principles,
to be accounted for as capitalized lease obligations on the balance sheet of that
Person and all obligations and other liabilities (contingent or otherwise) under any
lease or related document (including a purchase agreement) entered into for financing
purposes in connection with the lease of real property or improvements which provides
that that Person is contractually obligated to purchase or cause a third party to
purchase the leased property or pay or guaranty a minimum residual value of the leased
property to the lessor and the obligations of that Person under the lease or related
document to purchase or to cause a third party to purchase the leased property,
	 
	 	(d)	 	all obligations of that Person (contingent or otherwise) with respect to an
interest rate or other swap, cap or collar agreement or other similar instrument or
agreement or foreign currency hedge, exchange, purchase or similar instrument or
agreement,
	 
	 	(e)	 	all direct or indirect guaranties or similar agreements by that Person in
respect of, and obligations or liabilities (contingent or otherwise) of that Person to
purchase or otherwise acquire or otherwise assure a creditor against loss in respect
of, indebtedness, obligations or liabilities of another Person of the kind described in
clauses (a) through (d),
	 
	 	(f)	 	any indebtedness or other obligations described in clauses (a) through (d)
secured by any mortgage, pledge, lien or other encumbrance existing on property which
is

3.

 

owned or held by that Person, regardless of whether the indebtedness or other
obligation secured thereby shall have been assumed by that Person, and

	 	(g)	 	any and all refinancings, replacements, deferrals, renewals, extensions and
refundings of, or amendments, modifications or supplements to, any indebtedness,
obligation or liability of the kind described in clauses (a) through (f).

     “Indenture” means this instrument as originally executed and delivered or, if amended or
supplemented as herein provided, as so amended or supplemented or both, and shall include the forms
and terms of particular series of Securities established as contemplated hereunder.

     “Interest” means, when used with respect to non-interest bearing Securities, interest payable
after maturity.

     “Issuer” means (except as otherwise provided in Article 5) PlanetOut Inc., a Delaware
corporation, and, subject to Article 8, its successors and assigns.

     “Officer’s Certificate” means a certificate signed by any of the following: chairman of the
Board of Directors, the president, any vice president, the chief financial officer, the chief legal
officer, the treasurer, any assistant treasurer, the controller, any assistant controller, any
secretary or any assistant secretary of the Issuer or any other person authorized by the Board of
Directors to execute such a certificate and delivered to the Trustee. Each such certificate shall
comply with Section 314 of the Trust Indenture Act of 1939 and include the statements provided for
in Section 10.05.

     “Opinion of Counsel” means an opinion in writing, subject to customary exceptions, signed by
legal counsel who may be an employee of or counsel to the Issuer and who shall be reasonably
satisfactory to the Trustee. Each such opinion shall comply with Section 314 of the Trust
Indenture Act of 1939 and include the statements provided for in Section 10.05, if and to the
extent required hereby.

     “Original Issue Discount Security” means any Security that provides for an amount less than
the principal amount thereof to be due and payable upon a declaration of acceleration of the
maturity thereof pursuant to Section 4.01.

     “Outstanding,” when used with reference to Securities, shall, subject to the provisions of
Section 6.04, mean, as of any particular time, all Securities authenticated and delivered by the
Trustee under this Indenture, except:

	 	(a)	 	Securities theretofore cancelled by the Trustee or delivered to the Trustee for
cancellation;
	 
	 	(b)	 	Securities, or portions thereof, for the payment or redemption of which moneys
or U.S. Government Obligations (as provided by Section 9.01) in the necessary amount
shall have been deposited in trust with the Trustee or with any paying agent (other
than the Issuer) or shall have been set aside, segregated and held in trust by the
Issuer for the Holders of such Securities (if the Issuer shall act as its own paying
agent), provided that if such Securities, or portions thereof, are to be

4.

 

	 	 	 	redeemed prior to the maturity thereof, notice of such redemption shall have been
given as herein provided, or provision reasonably satisfactory to the Trustee shall
have been made for giving such notice; and

	 	(c)	 	Securities in substitution for which other Securities shall have been
authenticated and delivered, or which shall have been paid, pursuant to the terms of
Section 2.09 (except with respect to any such Security as to which proof reasonably
satisfactory to the Trustee is presented that such Security is held by a person in
whose hands such Security is a legal, valid and binding obligation of the Issuer).

     In determining whether the Holders of the requisite principal amount of Outstanding Securities
of any or all series have given any request, demand, authorization, direction, notice, consent or
waiver hereunder, the principal amount of an Original Issue 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 4.01.

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

     “Preferred Stock” means, with respect to any Person, any and all shares, interests,
participations or other equivalents (however designated, whether voting or non-voting) of such
Person’s preferred or preference stock, whether now outstanding or issued after the date of the
Indenture, including, without limitation, all series and classes of such preferred or preference
stock.

     “Principal” whenever used with reference to the Securities or any Security or any portion
thereof, shall be deemed to include “and premium, if any.”

     “Record Date” shall have the meaning set forth in Section 2.07.

     “Registered Global Security”, means a Security evidencing all or a part of a series of
Registered Securities, issued to the Depositary for such series in accordance with Section 2.04,
and bearing the legend prescribed in Section 2.04.

     “Registered Security” means any Security registered on the register maintained by the Issuer
pursuant to Section 2.08.

     “Responsible Officer” when used with respect to the Trustee means any president, vice
president, any assistant vice president, any assistant secretary, any secretary, any treasurer or
any assistant treasurer within the Corporate Trust Services (or a successor group) of the Trustee
or any other officer of the Trustee customarily performing functions similar to those performed by
the persons who at the time shall be such officers, respectively, or to whom any corporate trust
matter is referred because of his knowledge of and familiarity with the particular subject.

5.

 

     “Security” or “Securities” has the meaning stated in the first recital of this Indenture, or,
as the case may be, Securities that have been authenticated and delivered under this Indenture.

     “Senior Indebtedness” means the principal of, premium, if any, interest (including all
interest accruing subsequent to the commencement of any bankruptcy or similar proceeding, whether
or not a claim for post-petition interest is allowable as a claim in the proceeding) and rent
payable on or termination payment with respect to or in connection with, and all fees, costs,
expenses and other amounts accrued or due on or in connection with, Indebtedness of the Issuer,
whether outstanding on the date of the Indenture or thereafter created, incurred, assumed,
guaranteed or in effect guaranteed by the Issuer (including all refinancings, replacements,
deferrals, renewals, extensions or refundings of, or amendments, modifications or supplements to,
the foregoing), unless in the case of any particular Indebtedness the instrument creating or
evidencing the same or the assumption or guarantee thereof expressly provides that the Indebtedness
shall not be senior in right of payment to the Securities or expressly provides that the
Indebtedness is pari passu or junior to the Securities. The term “Senior Indebtedness” shall
include all “Designated Senior Indebtedness. Notwithstanding the foregoing, the term Senior
Indebtedness shall not include Indebtedness of the Issuer to any of its subsidiaries, a majority of
the voting stock of which is owned, directly or indirectly, by the Issuer.

     “Subsidiary” means, with respect to any Person, (i) any corporation, association or other
business entity of which more than 50% of the total voting power of shares of capital stock or
other equity interest entitled (without regard to the occurrence of any contingency) to vote in the
election of directors, managers or trustees thereof is at the time owned or controlled, directly or
indirectly, by such Person or one or more of the other subsidiaries of that Person (or a
combination thereof) and (ii) any partnership (a) the sole general partner or managing general
partner of which is such Person or a subsidiary of such Person or (b) the only general partners of
which are such Person or of one or more subsidiaries of such Person (or any combination thereof).

     “Trustee” means the Person identified as “Trustee” in the first paragraph hereof and, subject
to the provisions of Article 5, shall also include any successor trustee.

     “Trust Indenture Act of 1939” means the Trust Indenture Act of 1939 as amended from time to
time.

     “UCC” means the Uniform Commercial Code, as in effect in each applicable jurisdiction.

     “Unregistered Security” means any Security other than a Registered Security.

     “U.S. Government Obligations” means securities that 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 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 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

6.

 

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
or the specific payment of interest on or principal of the U.S. Government Obligation
evidenced by such depository receipt.

     “vice president” when used with respect to the Issuer means any vice president, whether or not
designated by a number or a word or words added before or after the title of “vice president.”

     “Wholly-Owned” is defined to mean, with respect to any Subsidiary of any person, such
Subsidiary if all of the outstanding common stock or other similar equity ownership interests (but
not including preferred stock) in such Subsidiary (other than any director’s qualifying shares or
investments by foreign nationals mandated by applicable law) is owned directly or indirectly by
such person.

     “Yield to Maturity” means the yield to maturity on a series of securities, calculated at the
time of issuance of such series, or, if applicable, at the most recent redetermination of interest
on such series, and calculated in accordance with accepted financial practice.

ARTICLE 2

SECURITIES

     Section 2.01. Forms Generally. The Securities of each series shall be substantially in such
form (not inconsistent with this Indenture) as shall be established by or pursuant to a resolution
of the Board of Directors or in one or more indentures supplemental hereto, in each case with such
appropriate insertions, omissions, substitutions and other variations as are required or permitted
by this Indenture and may have imprinted or otherwise reproduced thereon such legend or legends or
endorsements, not inconsistent with the provisions of this Indenture, as may be required to comply
with any law or with any rules or regulations pursuant thereto, or with any rules of any securities
exchange or to conform to general usage, all as may be determined by the officers executing such
Securities, as evidenced by their execution of the Securities. The Issuer shall furnish any such
legends to the Trustee in writing.

     The definitive Securities shall be printed, lithographed or engraved on steel engraved borders
or may be produced in any other manner, all as determined by the officers executing such
Securities, as evidenced by their execution of such Securities.

7.

 

     Section 2.02. Form Of Trustee’s Certification Of Authentication. The Trustee’s certificate of
authentication on all Securities shall be in substantially the following form:

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

	 	 	 	 	 	 	 
	 	 	[TRUSTEE],	 	 
	 	 	        as Trustee	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 Authorized Signatory	 

     Section 2.03. Amount Unlimited; Issuable In Series. The aggregate principal amount of
Securities which may be authenticated and delivered under this Indenture is unlimited.

     The Securities may be issued in one or more series and the Securities of each such Series
shall rank equally and pari passu with the Securities of other series, but all Securities issued
hereunder shall be subordinate and junior in right of payment, to the extent and in the manner set
forth in Article 12, to all series of Indebtedness of the Issuer. There shall be established in or
pursuant to a resolution of the Board of Directors and set forth in an Officer’s Certificate, or
established in one or more indentures supplemental hereto, prior to the issuance of Securities of
any series:

	 	(a)	 	the designation of the Securities of the series (which shall distinguish the
Securities of the series from all other Securities);
	 
	 	(b)	 	any limit upon the aggregate principal amount of the Securities of the series
that 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 2.08, 2.09, 2.11 or 11.03);
	 
	 	(c)	 	if other than dollars, the coin or currency in which the Securities of the
series are denominated (including, but not limited to, foreign currency).
	 
	 	(d)	 	the date or dates on which the principal of the Securities of the series is
payable;
	 
	 	(e)	 	the rate or rates at which the Securities of the series shall bear interest, if
any, the date or dates from which such interest shall accrue, the interest payment
dates on which such interest shall be payable and the record dates for the
determination of Holders to whom interest is payable;
	 
	 	(f)	 	the place or places where the principal of and any interest on Securities of
the series shall be payable (if other than as provided in Section 3.02);

8.

 

	 	(g)	 	the price or prices at which, the period or periods within which and the terms
and conditions upon which Securities of the series may be redeemed, in whole or in
part, at the option of the Issuer, pursuant to any sinking fund or otherwise;
	 
	 	(h)	 	the obligation, if any, of the Issuer to redeem, purchase or repay Securities
of the series pursuant to any mandatory redemption, sinking fund or analogous
provisions or at the option of a Holder thereof and the price or prices at which and
the period or periods within which and any terms and conditions upon which Securities
of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to
such obligation;
	 
	 	(i)	 	if other than denominations of $1,000 and any integral multiple thereof, the
denominations in which Securities of the series shall be issuable;
	 
	 	(j)	 	if other than the principal amount thereof, the portion of the principal amount
of Securities of the series which shall be payable upon declaration of acceleration of
the maturity thereof;
	 
	 	(k)	 	any other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture);
	 
	 	(l)	 	any trustees, depositories, authenticating or paying agents, transfer agents or
registrars or any other agents with respect to the Securities of such series;
	 
	 	(m)	 	the right, if any, of the Issuer to redeem Securities, in whole or in part, at
its option and the period or periods within which, the price or prices at which and any
terms and conditions, including any redemption notice period, upon which Securities of
the series may be so redeemed, pursuant to any sinking fund or otherwise;
	 
	 	(n)	 	if the Holders of the Securities of the series may convert or exchange the
Securities of the series into or for securities of the Issuer or of other entities or
other property (or the cash value thereof), the specific terms of and period during
which such conversion or exchange may be made;
	 
	 	(o)	 	whether the Securities of the series will be issuable as Registered Securities
(and if so, whether such Securities will be issuable as Registered Global Securities)
or Unregistered Securities (with or without coupons), or any combination of the
foregoing, any restrictions applicable to the offer, sale, transfer, exchange or
delivery of Unregistered Securities or Registered Securities or the payment of interest
thereon and, if other than as provided in Section 2.08, the terms upon which
Unregistered Securities of any series may be exchanged for Registered Securities of
such series and vice versa;
	 
	 	(p)	 	whether and under what circumstances the Issuer will pay additional amounts on
the Securities of the series held by a Person who is not a U.S. Person in respect of
any tax, assessment or governmental charge withheld or deducted and, if so,

9.

 

	 	 	 	whether the Issuer will have the option to redeem such Securities rather than pay
such additional amounts;

	 	(q)	 	if the Securities of such series are to be issuable in definitive form (whether
upon original issue or upon exchange of a temporary Security of such series) only upon
receipt of certain certificates or other documents or satisfaction of other conditions,
the form and terms of such certificates, documents or conditions;
	 
	 	(r)	 	any other events of default or covenants with respect to the Securities of such
series; and
	 
	 	(s)	 	any other terms of the series.

     All Securities of any one series shall be substantially identical except as to denomination
and except as may otherwise be provided in or pursuant to such resolution of the Board of Directors
or in any such indenture supplemental hereto. 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 such board resolutions, such Officer’s Certificate or any such
Indenture Supplement hereto.

     Section 2.04. Authentication And Delivery Of Securities. At any time and from time to time
after the execution and delivery of this Indenture, the Issuer may deliver Securities of any series
executed by the Issuer to the Trustee for authentication, and the Trustee shall thereupon
authenticate and deliver such Securities to or upon the written order of the Issuer, signed by any
officer authorized to sign an Officer’s Certificate, without any further action by the Issuer. In
authenticating such Securities and accepting the additional responsibilities under this Indenture
in relation to such Securities the Trustee shall be entitled to receive, and (subject to Section
5.01) shall be fully protected in relying upon:

	 	(a)	 	a certified copy of any resolution or resolutions of the Board of Directors
authorizing the action taken pursuant to the resolution or resolutions delivered under
clause 2.04(b) below;
	 
	 	(b)	 	a copy of any resolution or resolutions of the Board of Directors relating to
such series, in each case certified by the secretary or an assistant secretary of the
Issuer;
	 
	 	(c)	 	an executed supplemental indenture, if any, and the documentation required to
be delivered pursuant to Section 7.04; or
	 
	 	(d)	 	an Officer’s Certificate setting forth the form and terms of the Securities as
required pursuant to Section 2.01 and 2.03, respectively and prepared in accordance
with Section 10.05.

     The Trustee shall have the right to decline to authenticate and deliver any Securities under
this section if the Trustee, being reasonably advised by counsel, determines that such action may
not lawfully be taken by the Issuer or if the Trustee in good faith by its board of directors or
board of trustees, executive committee, or a trust committee of directors or trustees

10.

 

or Responsible Officers shall determine that such action would expose the Trustee to personal
liability.

     If the Issuer shall establish pursuant to Section 2.03 that the Securities of a series are to
be issued in the form of one or more Registered Global Securities, then the Issuer shall execute
and the Trustee shall, in accordance with this Section and the Officer’s Certificate with respect
to such series, authenticate and deliver one or more Registered Global Securities that (i) shall
represent and shall be denominated in an amount equal to the aggregate principal amount of all of
the Securities of such series issued and not yet cancelled, (ii) shall be registered in the name of
the Depositary for such Registered Global Security or Securities or the nominee of such Depositary,
(iii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s
instructions and (iv) shall bear a legend substantially to the following effect: “Unless and until
it is exchanged in whole or in part for Securities in definitive registered form, this Security may
not be transferred except as a whole by the Depositary to the nominee of the Depositary or by a
nominee of the Depositary to the Depositary or another nominee of the Depositary or by the
Depositary or any such nominee to a successor Depositary or a nominee of such successor
Depositary.” Each Depositary designated pursuant to Section 2.03 must, at the time of its
designation and at all times while it serves as Depositary, be a clearing agency registered under
the Securities Exchange Act of 1934 and any other applicable statute or regulation.

     Section 2.05. Execution Of Securities. The Securities shall be signed on behalf of the Issuer
by any of the following: the chairman of its Board of Directors, its president, any vice
president, its treasurer or any assistant treasurer, chief financial officer or chief legal officer
or any officer authorized by the Board of Directors, under its corporate seal which may, but need
not, be attested. Such signatures may be the manual or facsimile signatures of the present or any
future such officers. The seal of the Issuer may be in the form of a facsimile thereof and may be
impressed, affixed, imprinted or otherwise reproduced on the Securities. Typographical and other
minor errors or defects in any such reproduction of the seal or any such signature shall not affect
the validity or enforceability of any Security that has been duly authenticated and delivered by
the Trustee.

     In case any officer of the Issuer who shall have signed any of the Securities shall cease to
be such officer before the Security so signed shall be authenticated and delivered by the Trustee
or disposed of by the Issuer, such Security nevertheless may be authenticated and delivered or
disposed of as though the person who signed such Security had not ceased to be such officer of the
Issuer; and any Security may be signed on behalf of the Issuer by such persons as, at the actual
date of the execution of such Security, shall be the proper officers of the Issuer, although at the
date of the execution and delivery of this Indenture any such person was not such an officer.

     Section 2.06. Certificate Of Authentication. Only such Securities as shall bear thereon a
certificate of authentication substantially in the form hereinbefore recited, executed by the
Trustee by the manual signature of one of its authorized signatories, shall be entitled to the
benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the
Trustee upon any Security executed by the Issuer shall be conclusive evidence that the Security

11.

 

so authenticated has been duly authenticated and delivered hereunder and that the holder is
entitled to the benefits of this Indenture.

     Section 2.07. Denomination And Date Of Securities; Payments Of Interest. The Securities shall
be issuable as registered securities without coupons and in denominations as shall be specified as
contemplated by Section 2.03. In the absence of any such specification with respect to the
Securities of any series, the Securities of such series shall be issuable in denominations of
$1,000 and any multiple thereof. The Securities shall be numbered, lettered, or otherwise
distinguished in such manner or in accordance with such plan as the officers of the Issuer
executing the same may determine as evidenced by the execution and authentication thereof.

     Each Security shall be dated the date of its authentication, shall bear interest, if any, from
the date and shall be payable on the dates, in each case, which shall be specified as contemplated
by Section 2.03.

     The person in whose name any Security of any series is registered at the close of business on
any record date applicable to a particular series with respect to any interest payment date for
such series shall be entitled to receive the interest, if any, payable on such interest payment
date notwithstanding any transfer or exchange of such Security subsequent to the record date and
prior to such interest payment date, except if and to the extent the Issuer shall default in the
payment of the interest due on such interest payment date for such series, in which case such
defaulted interest shall be paid to the persons in whose names Outstanding Securities for such
series are registered at the close of business on a subsequent record date (which shall be not less
than five Business Days prior to the date of payment of such defaulted interest) established by
notice given by mail by or on behalf of the Issuer to the holders of Securities not less than 15
days preceding such subsequent record date. The term “record date” as used with respect to any
interest payment date (except a date for payment of defaulted interest) shall mean the date
specified as such in the terms of the Securities of any particular series, or, if no such date is
so specified, if such interest payment date is the first day of a calendar month, the fifteenth day
of the next preceding calendar month or, if such interest payment date is the fifteenth day of a
calendar month, the first day of such calendar month, whether or not such record date is a Business
Day.

     Section 2.08. Registration, Transfer And Exchange. The Issuer will keep or cause to be kept
at each office or agency to be maintained for the purpose as provided in Section 3.02 a register or
registers in which, subject to such reasonable regulations as it may prescribe, it will register,
and will register the transfer of, Securities as in this Article provided. Such register shall be
in written form in the English language or in any other form capable of being converted into such
form within a reasonable time. At all reasonable times such register or registers shall be open
for inspection by the Trustee.

     Upon due presentation for registration of transfer of any Security of any series at any such
office or agency to be maintained for the purpose as provided in Section 3.02, the Issuer shall
execute and the Trustee shall authenticate and deliver in the name of the transferee or transferees
a new Security or Securities of the same series in authorized denominations for a like aggregate
principal amount.

12.

 

     Any Security or Securities of any series (other than a Registered global Security, except as
set forth below) may be exchanged for a Security or Securities of the same series in other
authorized denominations, in an equal aggregate principal amount. Securities of any series to be
exchanged shall be surrendered at any office or agency to be maintained by the Issuer for the
purpose as provided in Section 3.02, and the Issuer shall execute and the Trustee shall
authenticate and deliver in exchange therefor the Security or Securities of the same series which
the Securityholder making the exchange shall be entitled to receive, bearing numbers not
contemporaneously outstanding.

     Whenever any Securities are so surrendered for exchange, the Issuer shall execute, and the
Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is
entitled to receive. All Securities and Coupons surrendered upon any exchange or transfer provided
for in this Indenture shall be promptly cancelled and disposed of by the Trustee and the Trustee
will deliver a certificate of disposition thereof to the Issuer.

     All Securities presented for registration of transfer, exchange, redemption, conversion or
payment shall (if so required by the Issuer or the Trustee) be duly endorsed by, or be accompanied
by a written instrument or instruments of transfer in form satisfactory to the Issuer and the
Trustee duly executed by, the holder or his attorney duly authorized in writing.

     The Issuer may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any exchange or registration of transfer of
Securities. No service charge shall be made for any such transaction.

     The Issuer shall not be required to exchange or register a transfer of (a) any Securities of
any series for a period of 15 days next preceding the mailing or first publication of notice of
redemption of Securities of such series to be redeemed, or (b) any Securities selected, called or
being called for redemption except, in the case of any Security where notice has been given that
such Security is to be redeemed in part, the portion thereof not so to be redeemed.

     Notwithstanding any other provision of this Section 2.08, unless and until it is exchanged in
whole or in part for Securities in definitive registered form, a Registered Global Security
representing all or a portion of the Securities of a series may not be transferred except as a
whole by the Depositary for such series to a nominee of such Depositary or by a nominee of such
Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any
such nominee to a successor Depositary for such series or a nominee of such successor Depositary.

     If at any time the Depositary for any Registered Securities of a series represented by one or
more Registered Global Securities notifies the Issuer that it is unwilling or unable to continue as
Depositary for such Registered Securities or if at any time the Depositary for such Registered
Securities shall no longer be eligible under Section 2.04, the Issuer shall appoint a successor
Depositary eligible under Section 2.04 with respect to such Registered Securities. If a successor
Depositary eligible under Section 2.04 for such Registered Securities is not appointed by the
Issuer within 90 days after the Issuer receives such notice or becomes aware of such ineligibility,
the Issuer’s election pursuant to Section 2.03 that such Registered Securities be represented by
one or more Registered Global Securities shall no longer be effective and the Issuer will execute,

13.

 

and the Trustee, upon receipt of an Officer’s Certificate for the authentication and delivery
of definitive Securities of such series, will authenticate and deliver, Securities of such series
in definitive registered form without coupons, in any authorized denominations, in an aggregate
principal amount equal to the principal amount of the Registered Global Security or Securities
representing such Registered Securities in exchange for such Registered Global Security or
Securities.

     The Issuer may at any time and in its sole discretion determine that the Registered Securities
of any series issued in the form of one or more Registered Global Securities shall no longer be
represented by a Registered Global Security or Securities. In such event the Issuer will execute,
and the Trustee, upon receipt of an Officer’s Certificate for the authentication and delivery of
definitive Securities of such series, will authenticate and deliver, Securities of such series in
definitive registered form without coupons, in any authorized denominations, in an aggregate
principal amount equal to the principal amount of the Registered Global Security or Securities
representing such Registered Securities, in exchange for such Registered Global Security or
Securities.

     If specified by the Issuer pursuant to Section 2.03 with respect to Securities represented by
a Registered Global Security, the Depositary for such Registered Global Security may surrender such
Registered Global Security in exchange in whole or in part for Securities of the same series in
definitive registered form on such terms as are acceptable to the Issuer and such Depositary.
Thereupon, the Issuer shall execute, and the Trustee shall authenticate and deliver, without
service charge,

	 	(a)	 	to the Person specified by such Depositary a new Registered Security or
Securities of the same series, of any authorized denominations as requested by such
Person, in an aggregate principal amount equal to and in exchange for such Person’s
beneficial interest in the Registered Global Security; and
	 
	 	(b)	 	to such Depositary a new Registered Global Security in a denomination
equal to the difference, if any, between the principal amount of the surrendered
Registered Global Security and the aggregate principal amount of Registered
Securities authenticated and delivered pursuant to clause (a) above.

     Upon the exchange of a Registered Global Security for Securities in definitive registered form
without coupons, in authorized denominations, such Registered Global Security shall be cancelled by
the Trustee or an agent of the Issuer or the Trustee. Securities in definitive registered form
without coupons issued in exchange for a Registered Global Security pursuant to this Section 2.08
shall be registered in such names and in such authorized denominations as the Depositary for such
Registered Global Security, pursuant to instructions from its direct or indirect participants or
otherwise, shall instruct the Trustee or an agent of the Issuer or the Trustee. The Trustee or such
agent shall deliver such Securities to or as directed by the Persons in whose names such Securities
are so registered.

     All Securities issued upon any transfer or exchange of Securities shall be valid obligations
of the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture, as
the Securities surrendered upon such transfer or exchange.

14.

 

     Section 2.09. Mutilated, Defaced, Destroyed, Lost And Stolen Securities. In case any
temporary or definitive Security shall become mutilated or defaced and shall be surrendered to the
Trustee, the Issuer shall execute, and the Trustee shall authenticate and deliver, a new Security
of the same series, bearing a number not contemporaneously Outstanding, in exchange and
substitution for the mutilated or defaced Security. If the Holder of any Security claims that the
Security has been lost, destroyed or wrongfully taken, the Issuer shall execute, and the Trustee
shall authenticate and deliver, a new Security of the same series, bearing a number not
contemporaneously outstanding, in exchange and substitution for the lost, destroyed or wrongfully
taken Security, if the applicant so requests before the Issuer has notice that the Security has
been acquired by a protected purchaser, and the applicant furnishes to the Issuer and to the
Trustee and any agent of the Issuer or the Trustee such security or indemnity as may be required by
them to indemnify and defend and to save each of them harmless and the applicant satisfies other
reasonable requirements imposed by the Issuer.

     Upon the issuance of any substitute Security, the Issuer 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 and its counsel) connected
therewith. In case any Security which has matured or is about to mature or has been called for
redemption in full shall become mutilated or defaced or be destroyed, lost or stolen, the Issuer
may instead of issuing a substitute Security, pay or authorize the payment of the same (without
surrender thereof except in the case of a mutilated or defaced Security), if the applicant for such
payment shall furnish to the Issuer and to the Trustee and any agent of the Issuer or the Trustee
such security or indemnity as any of them may require to save each of them harmless, and, in every
case of destruction, loss or wrongful taking, the applicant shall also furnish to the Issuer and
the Trustee and any agent of the Issuer or the Trustee evidence to their satisfaction of the
destruction, loss or wrongful taking of such Security and of the ownership thereof.

     Every substitute Security of any series issued pursuant to the provisions of this section by
virtue of the fact that any such Security is destroyed, lost or stolen shall constitute an
additional contractual obligation of the Issuer, whether or not the destroyed, lost or wrongfully
taken Security shall be at any time enforceable by anyone and shall be entitled to all the benefits
of (but shall be subject to all the limitations of rights set forth in) this Indenture equally and
proportionately with any and all other Securities of such series duly authenticated and delivered
hereunder. All Securities shall be held and owned upon the express condition that, to the extent
permitted by law, the foregoing provisions are exclusive with respect to the replacement or payment
of mutilated, defaced or destroyed, lost or wrongfully taken Securities and shall preclude any and
all other rights or remedies.

     Section 2.10. Cancellation Of Securities; Destruction Thereof. All Securities surrendered for
payment, redemption, conversion, registration of transfer or exchange, or for credit against any
payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the
Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the
Trustee, shall be canceled by it; and no Securities shall be issued in lieu thereof except as
expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of
canceled Securities held by it in accordance with the record retention policies of the Trustee in
effect from time to time and, if such cancelled certificates are destroyed, shall deliver a
certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities,

15.

 

such acquisition shall not operate as a redemption or satisfaction of the indebtedness
represented by such Securities unless and until the same are delivered to the Trustee for
cancellation.

     Section 2.11. Temporary Securities. Pending the preparation of definitive Securities for any
series, the Issuer may execute and the Trustee shall authenticate and deliver temporary Securities
for such series (printed, lithographed, typewritten or otherwise reproduced, in each case in form
satisfactory to the Trustee). Temporary Securities of any series shall be issuable as registered
Securities without coupons, of any authorized denomination, and substantially in the form of the
definitive Securities of such series but with such omissions, insertions and variations as may be
appropriate for temporary Securities, all as may be determined by the Issuer with the concurrence
of the Trustee. Temporary Securities may contain such reference to any provisions of this
Indenture as may be appropriate. Every temporary Security shall be executed by the Issuer and be
authenticated by the Trustee upon the same conditions and in substantially the same manner, and
with like effect, as the definitive Securities. Without unreasonable delay the Issuer shall
execute and shall furnish definitive Securities of such series and thereupon temporary Securities
of such series may be surrendered in exchange therefor without charge at each office or agency to
be maintained by the Issuer for that purpose pursuant to Section 3.02, and the Trustee shall
authenticate and deliver in exchange for such temporary Securities of such series a like aggregate
principal amount of definitive Securities of the same series of authorized denominations. Until so
exchanged, the temporary Securities of any series shall be entitled to the same benefits under this
Indenture as definitive Securities of such series.

     Section 2.12. Computation Of Interest. Except as otherwise specified in the Securities of a
series, interest shall be computed on the basis of a 360-day year of twelve 30-day months.

ARTICLE 3

COVENANTS OF THE ISSUER AND THE TRUSTEE

     Section 3.01. Payment Of Principal And Interest. The Issuer covenants and agrees for the
benefit of each series of Securities that it will duly and punctually pay or cause to be paid the
principal of, and interest on, each of the Securities of such series at the place or places, at the
respective times and in the manner provided in such Securities. Each installment of interest on
the Securities of any series may be paid at the option of the Issuer by wire transfer or mailing
checks for such interest payable to or upon the written order of the holders of Securities entitled
thereto at their last addresses as they shall appear on the registry books of the Issuer.

     Section 3.02. Offices For Payments, Etc. So long as any of the Securities remain Outstanding,
the Issuer will an office or agency (a) where the Securities may be presented for payment, (b)
where the Securities may be presented for registration of transfer and for exchange as in this
Indenture provided, (c) where notices and demands to or upon the Issuer in respect of the
Securities or of this Indenture may be served and (d) for Securities of each series that is
convertible, where such Securities may be presented for conversion. The Issuer will give to the
Trustee written notice of the location of any such office or agency and of any change of location
thereof. Unless otherwise specified in accordance with Section 2.03, the Issuer hereby initially
designates the Corporate Trust Office of Trustee as the office to be maintained by it for each such
purpose. In case the Issuer shall fail to so designate or maintain any such office or agency or
shall fail to give such notice of the location or of any change in the location thereof,

16.

 

presentations and demands may be made and notices may be served at the Corporate Trust Office.

     Section 3.03. Paying Agents. Whenever the Issuer shall appoint a paying agent other than the
Trustee with respect to the Securities of any series, it will cause such paying agent to execute
and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject
to the provisions of this Section,

	 	(a)	 	that it will hold all sums received by it as such agent for the payment of the
principal of or interest on the Securities of such series (whether such sums have been
paid to it by the Issuer or by any other obligor on the Securities of such series) in
trust for the benefit of the holders of the Securities of such series or of the
Trustee,
	 
	 	(b)	 	that it will give the Trustee notice of any failure by the Issuer (or by any
other obligor on the Securities of such series) to make any payment of the principal of
or interest on the Securities of such series when the same shall be due and payable,
and
	 
	 	(c)	 	pay any such sums so held in trust by it to the Trustee upon the Trustee’s
written request at any time during the continuance of the failure referred to in clause
3.03(b) above.

     The Issuer will, on or prior to each due date of the principal of or interest on the
Securities of such series, deposit with the paying agent a sum sufficient to pay such principal or
interest so becoming due, and (unless such paying agent is the Trustee) the Issuer will promptly
notify the Trustee of any failure to take such action.

     If the Issuer shall act as its own paying agent with respect to the Securities of any Series,
it will, on or before each due date of the principal of or interest on the Securities of such
series, set aside, segregate and hold in trust for the benefit of the holders of the Securities of
such series a sum sufficient to pay such principal or interest so becoming due. The Issuer will
promptly notify the Trustee of any failure to take such action.

     Whenever the Issuer shall have one or more paying agents for any series of Securities, it
will, on or before each due date of the principal of or interest on any Securities of such series,
deposit with the paying agent or agents for the Securities of such series a sum, by 11:00 a.m. New
York time in immediately available funds on the payment date, sufficient to pay the principal or
interest so becoming due with respect to the Securities of such series, and (unless such paying
agent is the Trustee) the Issuer will promptly notify the Trustee in writing of any failure so to
act.

     Anything in this Section to the contrary notwithstanding, the Issuer may at any time, for the
purpose of obtaining a satisfaction and discharge with respect to one or more or all series of
Securities hereunder, or for any other reason, pay or cause to be paid to the Trustee all sums held
in trust for any such series by the Issuer or any paying agent hereunder, as required by this
Section, such sums to be held by the Trustee upon the trusts herein contained.

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     Anything in this Section to the contrary notwithstanding, the agreement to hold sums in trust
as provided in this Section is subject to the provisions of Section 9.05.

     Section 3.04. Certificate Of The Issuer. Within 120 days after the close of the fiscal year
ended December 31, 2006, and within 120 days after the close of each fiscal year thereafter, the
Issuer will furnish to the Trustee a brief certificate (which need not comply with Section 10.05)
from the principal executive, financial or accounting officer of the Issuer as to his or her
knowledge of the Issuer’s compliance with all conditions and covenants under the Indenture (such
compliance to be determined without regard to any period of grace or requirement of notice provided
under the Indenture).

     Section 3.05. Securityholders Lists. If and so long as the Trustee shall not be the Security
registrar for the Securities of any series, the Issuer will furnish or cause to be furnished to the
Trustee a list in such form as the Trustee may reasonably require of the names and addresses of the
holders of the Securities of such series pursuant to Section 312 of the Trust Indenture Act of 1939
(a) semi-annually not more than 10 days after each record date for the payment of interest on such
Securities, as hereinabove specified, as of such record date and on dates to be determined pursuant
to Section 2.03 for non-interest bearing Securities in each year, and (b) at such other times as
the Trustee may request in writing, within thirty days after receipt by the Issuer of any such
request as of a date not more than 10 days prior to the time such information is furnished.

     Section 3.06. Reports By The Issuer. The Issuer covenants to: file with the Trustee, within
15 days after the Issuer is required to file the same with the Commission, copies of the annual
reports and of the information, documents, and other reports which the Issuer may be required to
file with the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of
1934; or, if the Issuer is not required to file with the Commission, annual reports, information,
documents and other reports pursuant to either Section 13 or Section 15(d) of the Securities
Exchange Act of 1934, then the Issuer will file with the Trustee and will file with the Commission,
in accordance with rules and regulations prescribed by the Commission, such of the supplementary
and periodic information, documents and reports required pursuant to Section 13 of the Securities
Exchange Act of 1934 in respect of a security listed and registered on a national securities
exchange as may be prescribed in such rules and regulations.

     Section 3.07. Corporate Existence. So long as any of the Securities remain unpaid, the Issuer
will at all times (except as otherwise provided or permitted elsewhere in this Indenture) do or
cause to be done all things necessary to preserve and keep in full force and effect its corporate
existence; provided however, that the Issuer shall not be required to preserve any such right if
the Issuer shall determine that the preservation thereof is no longer desirable in the conduct of
Issuer’s business and the loss thereof is not disadvantageous in any material respect to the
Holders of the Securities.

     Section 3.08. Restrictions On Mergers, Sales And Consolidations. So long as any of the
Securities remain unpaid, the Issuer will not consolidate or merge with or sell, convey or lease
all or substantially all of its property to any other corporation except as permitted in Article 8
hereof.

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     Section 3.09. Further Assurances. From time to time whenever requested by the Trustee, the
Issuer will execute and deliver such further instruments and assurances and do such further acts as
may be reasonably necessary or proper to carry out more effectually the purposes of this Indenture
or to secure the rights and remedies hereunder of the holders of the Securities of any series.

ARTICLE 4

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS

ON EVENT OF DEFAULT

     Section 4.01. Event Of Default Defined; Acceleration Of Maturity; Waiver Of Default. “Event
of Default” with respect to Securities of any series wherever used herein, means each one of the
following events which shall have occurred and be continuing (whatever the reason for such Event of
Default and whether it shall be voluntary or involuntary or be effected by operation of law or
pursuant to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body):

	 	(a)	 	default in the payment of any installment of interest upon any of the
Securities of such series as and when the same shall become due and payable, and
continuance of such default for a period of 30 days; or
	 
	 	(b)	 	default in the payment of all or any part of the principal on any of the
Securities of such series as and when the same shall become due and payable either at
maturity, upon redemption, by declaration or otherwise; or
	 
	 	(c)	 	default in the performance, or breach, of any covenant or warranty of the
Issuer in respect of the Securities of such series (other than a covenant or warranty
in respect of the Securities of such series a default in whose performance or whose
breach is elsewhere in this Section specifically dealt with), and continuance of such
default or breach for a period of 90 days after there has been given, by registered or
certified mail, to the Issuer by the Trustee or to the Issuer and the Trustee by the
Holders of at least 25% in principal amount of the Outstanding Securities of all series
affected thereby, a written notice specifying such default or breach and requiring it
to be remedied and stating that such notice is a “Notice of Default” hereunder; or
	 
	 	(d)	 	a court having jurisdiction in the premises shall enter a decree or order for
relief in respect of the Issuer in an involuntary case under any applicable bankruptcy,
insolvency or other similar law now or hereafter in effect, or appointing a receiver,
liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the
Issuer or for any substantial part of its property or ordering the winding up or
liquidation of its affairs, and such decree or order shall remain unstayed and in
effect for a period of 180 consecutive days; or
	 
	 	(e)	 	the Issuer shall commence a voluntary case under any applicable bankruptcy,
insolvency or other similar law now or hereafter in effect, or consent to the entry of
an order for relief in an involuntary case under any such law, or consent to the

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	 	 	 	appointment of or taking possession by a receiver, liquidator, assignee, custodian,
trustee or sequestrator (or similar official) of the Issuer or for any substantial
part of its property, or make any general assignment for the benefit of creditors;
or

	 	(f)	 	any other Event of Default provided in the supplemental indenture or resolution
of the Board of Directors under which such series of Securities is issued or in the
form of Security for such series.

If an Event of Default described in clauses 4.01(a), 4.01(b), 4.01(c), or 4.01(f) above occurs and
is continuing, then, and in each and every such case, unless the principal of all of the Securities
of such series shall have already become due and payable, either the Trustee or the holders of not
less than 25% in aggregate principal amount of the Securities of any affected series then
Outstanding hereunder (each such series voting as a separate class) by notice in writing to the
Issuer (and to the Trustee if given by Securityholders), may declare the entire principal (or, if
the Securities of such series are Original Issue Discount Securities, such portion of the principal
amount as may be specified in the terms of such series) of all Securities of such series and the
interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration
the same shall become immediately due and payable. If an Event of Default described in clauses
4.01(d) or 4.01(e) occurs and is continuing, then the principal amount of all the Securities then
outstanding and interest accrued thereon, if any, shall be and become immediately due and payable,
without any notice or other action by any Holder or the Trustee, to the full extent permitted by
applicable law.

     The foregoing provisions, however, are subject to the condition that if, at any time after the
principal (or, if the Securities are Original Issue Discount Securities, such portion of the
principal as may be specified in the terms thereof) of the Securities of any series (or of all the
Securities, as the case may be) shall have been so declared due and payable, and before any
judgment or decree for the payment of the moneys due shall have been obtained or entered as
hereinafter provided, the Issuer shall pay or shall deposit with the Trustee a sum sufficient to
pay all matured installments of interest upon all the Securities of such series (or of all the
Securities, as the case may be) and the principal of any and all Securities of such series (or of
all the Securities, as the case may be) which shall have become due otherwise than by acceleration
(with interest upon such principal and, to the extent that payment of such interest is enforceable
under applicable law, on overdue installments of interest, at the same rate as the rate of interest
or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the
Securities of such series (or at the respective rates of interest or Yields to Maturity of all the
Securities, as the case may be) to the date of such payment or deposit) and such amount as shall be
sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and
all other reasonable expenses and liabilities incurred, and all advances made, by the Trustee
except as a result of negligence or bad faith, and if any and all Events of Default under the
Indenture, other than the non-payment of the principal of Securities which shall have become due by
acceleration, shall have been cured, waived or otherwise remedied as provided herein?then and
in every such case the holders of a majority in aggregate principal amount of all the then
Outstanding Securities of all such series that have been accelerated, each such series voting as a
separate class, by written notice to the Issuer and to the Trustee, may waive all defaults with
respect to such series (or with respect to all the Securities, as the case may be) and rescind and
annul such

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declaration and its consequences, but no such waiver or rescission and annulment shall extend
to or shall affect any subsequent default or shall impair any right consequent thereon.

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

     Section 4.02. Collection Of Indebtedness By Trustee; Trustee May Prove Debt. The Issuer
covenants that (a) in case default shall be made in the payment of any installment of interest on
any of the Securities of any series when such interest shall have become due and payable, and such
default shall have continued for a period of 30 days or (b) in case default shall be made in the
payment of all or any part of the principal of any of the Securities of any series when the same
shall have become due and payable, whether upon maturity of the Securities of such series or upon
any redemption or by declaration or otherwise then upon demand of the Trustee, the Issuer will pay
to the Trustee for the benefit of the Holders of the Securities of such series the whole amount
that then shall have become due and payable on all Securities of such series for principal or
interest, as the case may be (with interest to the date of such payment upon the overdue principal
and, to the extent that payment of such interest is enforceable under applicable law, on overdue
installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case
of Original Issue Discount Securities) specified in the Securities of such series); and in addition
thereto, such further amount as shall be sufficient to cover the reasonable costs and expenses of
collection, including reasonable compensation to the Trustee and each predecessor Trustee, their
respective agents, attorneys and counsel, and any reasonable expenses and liabilities incurred, and
all advances made, by the Trustee and each predecessor Trustee except as a result of its negligence
or bad faith.

     Until such demand is made by the Trustee, the Issuer may pay the principal of and interest on
the Securities of any series to the registered holders, whether or not the principal of and
interest on the Securities of such series be overdue.

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

     In case there shall be pending proceedings relative to the Issuer or any other obligor upon
the Securities under Title 11 of the United States Code or any other applicable Federal or state
bankruptcy, insolvency or other similar law, or in case a receiver, assignee or trustee in

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bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been
appointed for or taken possession of the Issuer or its property or such other obligor, or in case
of any other comparable judicial proceedings relative to the Issuer or other obligor upon the
Securities of any series, or to the creditors or property of the Issuer or such other obligor, the
Trustee, irrespective of whether the principal of any Securities shall then be due and payable as
therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have
made any demand pursuant to the provisions of this Section, shall be entitled and empowered, by
intervention in such proceedings or otherwise:

	 	(a)	 	to file and prove a claim or claims for the whole amount of principal and
interest (or, if the Securities of any series are Original Issue Discount Securities,
such portion of the principal amount as may be specified in the terms of such series)
owing and unpaid in respect of the Securities of any series, 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 reasonable compensation to the Trustee and each
predecessor Trustee, and their respective agents, attorneys and counsel, and for
reimbursement of all reasonable expenses and liabilities incurred, and all advances
made, by the Trustee and each predecessor Trustee, except as a result of negligence or
bad faith) and of the Securityholders allowed in any judicial proceedings relative to
the Issuer or other obligor upon the Securities of any series, or to the creditors or
property of the Issuer or such other obligor,
	 
	 	(b)	 	unless prohibited by applicable law and regulations, to vote on behalf of the
holders of the Securities of any series in any election of a trustee or a standby
trustee in arrangement, reorganization, liquidation or other bankruptcy or insolvency
proceedings or person performing similar functions in comparable proceedings, and
	 
	 	(c)	 	to collect and receive any moneys or other property payable or deliverable on
any such claims, and to distribute all amounts received with respect to the claims of
the Securityholders and of the Trustee on their behalf; and any trustee, receiver, or
liquidator, custodian or other similar official is hereby authorized by each of the
Securityholders to make payments to the Trustee, and, in the event that the Trustee
shall consent to the making of payments directly to the Securityholders, to pay to the
Trustee such amounts as shall be sufficient to cover reasonable compensation to the
Trustee, each predecessor Trustee and their respective agents, attorneys and counsel,
and all other reasonable expenses and liabilities incurred, and all advances made, by
the Trustee and each predecessor Trustee except as a result of negligence or bad faith
and all other amounts due to the Trustee or any predecessor Trustee pursuant to Section
5.06.

     Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to
or vote for or accept or adopt on behalf of any Securityholder any plan or reorganization,
arrangement, adjustment or composition affecting the Securities of any series or the rights of any
Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Securityholder
in any such proceeding except, as aforesaid, to vote for the election of a trustee in bankruptcy or
similar person.

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     All rights of action and of asserting claims under this Indenture, or under any of the
Securities, may be enforced by the Trustee without the possession of any of the Securities or the
production thereof on any trial or other proceedings relative thereto, and any such action or
proceedings instituted by the Trustee shall be brought in its own name as trustee of an express
trust, and any recovery of judgment, subject to the payment of the expenses, disbursements and
compensation of the Trustee, each predecessor Trustee and their respective agents and attorneys,
shall be for the ratable benefit of the holders of the Securities in respect of which such action
was taken.

     In any proceedings brought by the Trustee (and also any proceedings involving the
interpretation of any provision of this Indenture to which the Trustee shall be a party) the
Trustee shall be held to represent all the holders of the Securities in respect to which such
action was taken, and it shall not be necessary to make any holders of such Securities parties to
any such proceedings.

     Section 4.03. Application Of Proceeds. Any moneys collected by the Trustee pursuant to this
Article in respect of any series shall be applied in the following order at the date or dates fixed
by the Trustee and, in case of the distribution of such moneys on account of principal or interest,
upon presentation of the several Securities in respect of which monies have been collected and
stamping (or otherwise noting) thereon the payment, or issuing Securities of such series in reduced
principal amounts in exchange for the presented Securities of like series if only partially paid,
or upon surrender thereof if fully paid:

     FIRST: To the payment of costs and expenses applicable to such series in respect of which
monies have been collected, including reasonable compensation to the Trustee and each predecessor
Trustee and their respective agents and attorneys and of all reasonable expenses and liabilities
incurred, and all advances made, by the Trustee and each predecessor Trustee except as a result of
negligence or bad faith, and all other amounts due to the Trustee or any predecessor Trustee
pursuant to Section 5.06;

     SECOND: In case the principal of the Securities of such series in respect of which moneys have
been collected shall not have become and be then due and payable, to the payment of interest on the
Securities of such series in default in the order of the maturity of the installments of such
interest, with interest (to the extent that such interest has been collected by the Trustee) upon
the overdue installments of interest at the same rate as the rate of interest or Yield to Maturity
(in the case of Original Issue Discount Securities) specified in such Securities, such payments to
be made ratably to the persons entitled thereto, without discrimination or preference;

     THIRD: In case the principal of the Securities of such series in respect of which moneys have
been collected shall have become and shall be then due and payable, to the payment of the whole
amount then owing and unpaid upon all the Securities of such series for principal and interest,
with interest upon the overdue principal, and (to the extent that such interest has been collected
by the Trustee) upon overdue installments of interest at the same rate as the rate of interest or
Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities
of such series; and in case such moneys shall be insufficient to pay in full the whole amount so
due and unpaid upon the Securities of such series, then to the payment of such

23.

 

principal and interest or yield to maturity, without preference or priority of principal over
interest or yield to maturity, or of interest or yield to maturity over principal, or of any
installment of interest over any other installment of interest, or of any Security of such series
over any other Security of such series, ratably to the aggregate of such principal and accrued and
unpaid interest or yield to maturity; and

     FOURTH: To the payment of the remainder, if any, to the Issuer or any other person lawfully
entitled thereto.

     Section 4.04. Suits For Enforcement. In case an Event of Default has occurred, has not been
waived and is continuing, the Trustee may proceed to protect and enforce the rights vested in it by
this Indenture, either at law or in equity or in bankruptcy or otherwise, whether for the specific
enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of
any power granted in this Indenture or to enforce any other legal or equitable right vested in the
Trustee by this Indenture or by law.

     Section 4.05. Restoration Of Rights On Abandonment Of Proceedings. In case the Trustee shall
have proceeded to enforce any right under this Indenture and such proceedings shall have been
discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee,
then and in every such case the Issuer and the Trustee shall be restored respectively to their
former positions and rights hereunder, and all rights, remedies and powers of the Issuer, the
Trustee and the Securityholders shall continue as though no such proceedings had been taken.

     Section 4.06. Limitations On Suits By Securityholder. No holder of any Security of any series
shall have any right by virtue or by availing of any provision of this Indenture to institute any
action or proceeding at law or in equity or in bankruptcy or otherwise upon or under or with
respect to this Indenture, or for the appointment of a trustee, receiver, liquidator, custodian or
other similar official or for any other remedy hereunder, unless such holder previously shall have
given to the Trustee written notice of an Event of Default and of the continuance thereof, as
hereinbefore provided, and unless also the holders of not less than 25% in aggregate principal
amount of the Securities of such series then Outstanding (each series voting as a separate class)
shall have made written request upon the Trustee to institute such action or proceedings in respect
of such Event of Default in its own name as trustee hereunder and shall have offered to the Trustee
such reasonable indemnity as it may require against the costs, expenses and liabilities to be
incurred therein or thereby and the Trustee for 60 days after its receipt of such notice, request
and offer of indemnity shall have failed to institute any such action or proceeding and no
direction inconsistent with such written request shall have been given to the Trustee pursuant to
Section 4.09; it being understood and intended, and being expressly covenanted by the Holder of
every Security with every other Holder and the Trustee, that no one or more Holders of Securities
of any series shall have any right in any manner whatever by virtue or by availing of any provision
of this Indenture to affect, disturb or prejudice the rights of any other such Holder of
Securities, or to obtain or seek to obtain priority over or preference to any other such Holder or
to enforce any right under this Indenture, except in the manner herein provided and for the equal,
ratable and common benefit of all Holders of Securities of the applicable series. For the
protection and enforcement of the provisions of this Section, each and every Securityholder and the
Trustee shall be entitled to such relief as can be given either at law or in equity.

24.

 

     Section 4.07. Unconditional Right Of Securityholders To Institute Certain Suits.
Notwithstanding any other provision in this Indenture and any provision of any Security, the right
of any Holder of any Security to receive payment of the principal of and interest on such Security
on or after the respective due dates expressed in such Security, or to institute suit for the
enforcement of any such payment on or after such respective dates, shall not be impaired or
affected without the consent of such Holder.

     Section 4.08. Powers And Remedies Cumulative; Delay Or Omission Not Waiver Of Default. Except
as provided in Section 4.06, no right or remedy herein conferred upon or reserved to the Trustee or
to the Securityholders 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.

     No delay or omission of the Trustee or of any Securityholder to exercise any right or power
accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such
right or power or shall be construed to be a waiver of any such Event of Default or an acquiescence
therein; and, subject to Section 4.06, every power and remedy given by this Indenture or by law to
the Trustee or to the Securityholders may be exercised from time to time, and as often as shall be
deemed expedient, by the Trustee or by the Securityholders.

     Section 4.09. Control By Securityholders. The Holders of a majority in aggregate principal
amount of the Securities of each series affected (with each series voting as a separate class) at
the time Outstanding shall have the right to direct the time, method, and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on
the Trustee with respect to the Securities of such series by this Indenture; provided that such
direction shall not be otherwise than in accordance with law and the provisions of this Indenture
and provided further that (subject to the provisions of Section 5.01) the Trustee shall have the
right to decline to follow any such direction if the Trustee, being advised by counsel, shall
determine that the action or proceeding so directed may not lawfully be taken or if the Trustee in
good faith by its board of directors, the executive committee, or a trust committee of directors or
Responsible Officers of the Trustee shall determine that the action or proceedings so directed
would involve the Trustee in personal liability or if the Trustee in good faith shall so determine
that the actions or forbearances specified in or pursuant to such direction would be unduly
prejudicial to the interests of Holders of the Securities of all series so affected not joining in
the giving of said direction.

     Nothing in this Indenture shall impair the right of the Trustee to take any action which is
not inconsistent with such direction or directions by Securityholders.

     Section 4.10. Waiver Of Past Defaults. Prior to a declaration of the acceleration of the
maturity of the Securities of any series as provided in Section 4.01, the Holders of a majority in
aggregate principal amount of the Securities of such series at the time Outstanding (each such
series voting as a separate class) may on behalf of the Holders of all the Securities of such
series waive an existing default or Event of Default, except a default in the payment of Principal
of or

25.

 

interest on any Security as specified in clauses (a) or (b) of Section 4.01 or in respect of a
covenant or provision hereof which cannot be modified or amended without the consent of each Holder
affected as provided in . In the case of any such waiver, the Issuer, the Trustee and the Holders
of the Securities of each series affected shall be restored to their former positions and rights
hereunder, respectively.

     Upon any such waiver, such default shall cease to exist and be deemed to have been cured and
not to have occurred, and any Event of Default arising therefrom shall be deemed to have been
cured, and not to have occurred for every purpose of this Indenture; but no such waiver shall
extend to any subsequent or other default or Event of Default or impair any right consequent
thereon.

     Section 4.11. Trustee To Give Notice Of Default, But May Withhold In Certain Circumstances.
The Trustee shall give to the Securityholders of any series, as the names and addresses of such
Holders appear on the registry books, notice by mail of all defaults known to Responsible Officers
of the Trustee which have occurred with respect to such series, such notice to be transmitted
within 90 days after the occurrence thereof, unless such defaults shall have been cured before the
giving of such notice (the term “default” or “defaults” for the purposes of this Section being
hereby defined to mean any event or condition which is, or with notice or lapse of time or both
would become, an Event of Default); provided that, except in the case of default in the payment of
the Principal of or interest on any of the Securities of such series, or in the payment of any
sinking or purchase fund installment with respect to the Securities of such series, the Trustee
shall be protected in withholding such notice if and so long as the board of directors, the
executive committee, or a trust committee of directors or trustees and/or Responsible Officers of
the Trustee in good faith determines that the withholding of such notice is in the interests of the
Securityholders of such series.

     Section 4.12. Right Of Court To Require Filing Of Undertaking To Pay 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 Trustee,
to any suit instituted by any Securityholder or group of Securityholders of any series holding in
the aggregate more than 10% in aggregate principal amount of the Securities of such series, or, to
any suit instituted by a Holder pursuant to Section 4.07.

ARTICLE 5

CONCERNING THE TRUSTEE

     Section 5.01. Duties And Responsibilities Of The Trustee; During Default; Prior To Default.
With respect to the Holders of any series of Securities issued hereunder, the Trustee, prior to the
occurrence of an Event of Default with respect to the Securities of a particular series and after
the curing or waiving of all Events of Default which may have occurred with respect to

26.

 

such series, undertakes to perform such duties and only such duties as are specifically set
forth in this Indenture. In case an Event of Default with respect to the Securities of a series
has occurred (which has not been cured or waived) the Trustee shall exercise such of the rights and
powers vested in it by this Indenture, and use the same degree of care and skill in their exercise,
as a prudent man would exercise or use under the circumstances in the conduct of his own affairs.

	 	(a)	 	Prior to the occurrence of an Event of Default with respect to the Securities
of any series and after the curing or waiving of all such Events of Default with
respect to such series which may have occurred:

	 	(1)	 	the duties and obligations of the Trustee with respect to the
Securities of any Series shall be determined solely by the express provisions
of this Indenture, and the Trustee shall not be liable except for the
performance of such duties and obligations as are specifically set forth in
this Indenture, and no implied covenants or obligations shall be read into this
Indenture against the Trustee; and
	 
	 	(2)	 	in the absence of bad faith on the part of the Trustee, the
Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon any statements,
certificates or opinions furnished to the Trustee and conforming to the
requirements of this Indenture; but in the case of any such statements,
certificates or opinions which by any provision hereof are specifically
required to be furnished to the Trustee, the Trustee shall be under a duty to
examine the same to determine whether or not they conform to the requirements
of this Indenture;

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

	 	(1)	 	this subsection (b) shall not be construed to limit the effect
of subsection (a) of this Section;
	 
	 	(2)	 	the Trustee shall not be liable for any error of judgment made
in good faith by a Responsible Officer or Responsible Officers of the Trustee,
unless it shall be proved that the Trustee was negligent in ascertaining the
pertinent facts; and
	 
	 	(3)	 	the Trustee shall not be liable with respect to any action
taken, suffered or omitted to be taken by it in good faith in accordance with
the direction of the holders 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.

     None of the provisions contained in this Indenture shall require the Trustee to expend or risk
its own funds or otherwise incur personal financial liability in the performance of any of its
duties or in the exercise of any of its rights or powers, if there shall be reasonable ground for

27.

 

believing that the repayment of such funds or adequate indemnity against such liability is not
reasonably assured to it.

     The provisions of this Section 5.01 are in furtherance of and subject to Sections 315 and 316
of the Trust Indenture Act of 1939.

     Whether or not therein expressly provided, every provision of this Indenture relating to the
conduct or affecting the liability of or affording protection to the Trustee shall be subject to
the provisions of this Section 5.01.

     Section 5.02. Certain Rights Of The Trustee. In furtherance of and subject to the Trust
Indenture Act of 1939, and subject to Section 5.01:

	 	(a)	 	the Trustee may rely and shall be protected in acting or refraining from acting
upon any resolution, Officer’s Certificate or any other certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond,
debenture, note, coupon, security or other paper or document believed by it to be
genuine and to have been signed or presented by the proper party or parties;
	 
	 	(b)	 	any request, direction, order or demand of the Issuer mentioned herein shall be
sufficiently evidenced by an Officer’s Certificate (unless other evidence in respect
thereof be herein specifically prescribed); and any resolution of the Board of
Directors may be evidenced to the Trustee by a copy thereof certified by the secretary
or an assistant secretary of the Issuer;
	 
	 	(c)	 	the Trustee may consult with counsel and any advice or Opinion of Counsel shall
be full and complete authorization and protection in respect of any action taken,
suffered or omitted to be taken by it hereunder in good faith and in accordance with
such advice or Opinion of Counsel;
	 
	 	(d)	 	the Trustee shall be under no obligation to exercise any of the trusts or
powers vested in it by this Indenture at the request, order or direction of any of the
Securityholders pursuant to the provisions of this Indenture, unless such
Securityholders shall have offered to the Trustee reasonable security or indemnity
against the costs, expenses and liabilities which might be incurred by it in connection
with such request, order or direction;
	 
	 	(e)	 	the Trustee shall not be liable for any action taken or omitted by it in good
faith and believed by it to be authorized or within the discretion, rights or powers
conferred upon it by this Indenture;
	 
	 	(f)	 	prior to the occurrence of an Event of Default hereunder and after the curing
or waiving of all Events of Default, the Trustee shall not be bound to make any
investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, consent, order, approval,
appraisal, bond, debenture, note, coupon, security, or other paper or document unless
requested in writing so to do by the holders of not less than a majority in aggregate
principal amount of the Securities of all series affected then

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	 	 	 	Outstanding; provided that, if the payment within a reasonable time to the Trustee
of the reasonable costs, expenses or liabilities likely to be incurred by it in the
making of such investigation is, in the opinion of the Trustee, not reasonably
assured to the Trustee by the security afforded to it by the terms of this
Indenture, the Trustee may require reasonable indemnity against such expenses or
liabilities as a condition to proceeding; the reasonable expenses of every such
investigation shall be paid by the Issuer or, if paid by the Trustee or any
predecessor trustee, shall be repaid by the Issuer upon demand;

	 	(g)	 	the Trustee may execute any of the trusts or powers hereunder or perform any
duties hereunder either directly or by or through agents or attorneys not regularly in
its employ and the Trustee shall not be responsible for any misconduct or negligence on
the part of any such agent or attorney appointed with due care by it hereunder; and
	 
	 	(h)	 	the Trustee shall not be liable for any action taken, suffered or omitted in
good faith and believed by it to be authorized or within the discretion, rights or
powers conferred upon it by this Indenture.

     Section 5.03. Trustee Not Responsible For Recitals, Disposition Of Securities Or Application
Of Proceeds Thereof. The recitals contained herein and in the Securities, except the Trustee’s
certificates of authentication, shall be taken as the statements of the Issuer, and the Trustee
assumes no responsibility for the correctness of the same. The Trustee makes no representation as
to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be
accountable for the use or application by the Issuer of any of the Securities or of the proceeds
thereof.

     Section 5.04. Trustee And Agents May Hold Securities; Collections, Etc. The Trustee or any
agent of the Issuer or the Trustee, in its individual or any other capacity, may become the owner
or pledgee of Securities with the same rights it would have if it were not the Trustee or such
agent and may otherwise deal with the Issuer and receive, collect, hold and retain collections from
the Issuer with the same rights it would have if it were not the Trustee or such agent.

     Section 5.05. Moneys Held By Trustee. All moneys received by the Trustee in trust hereunder
need not be segregated from other funds except to the extent required by mandatory provisions of
law. Neither the Trustee nor any agent of the Issuer or the Trustee shall be under any liability
for interest on any moneys received by it hereunder.

     Section 5.06. Compensation And Indemnification Of Trustee And Its Prior Claim. The Issuer
covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to,
such compensation as shall be agreed in writing from time to time by the Issuer and the Trustee
(which shall not be limited by any provision of law in regard to the compensation of a trustee of
an express trust) and the Issuer covenants and agrees to pay or reimburse the Trustee and each
predecessor Trustee upon its request for all reasonable expenses, disbursements and advances
incurred or made by or on behalf of it in accordance with any of the provisions of this Indenture
(including the reasonable compensation and the expenses and disbursements of its

29.

 

counsel and of all agents and other persons not regularly in its employ) except to the extent
any such expense, disbursement or advance may arise from its negligence or bad faith. The Issuer
also covenants and agrees to indemnify the Trustee and each predecessor Trustee for, and to hold it
harmless against, any loss, liability or expense arising out of or in connection with the
acceptance or administration of this Indenture or the trusts hereunder and the performance of its
duties hereunder, including the costs and expenses of defending itself against or investigating any
claim of liability in the premises, except to the extent such loss, liability or expense is due to
the negligence or bad faith of the Trustee or such predecessor Trustee. The obligations of the
Issuer under this Section to compensate and indemnify the Trustee and each predecessor Trustee and
to pay or reimburse the Trustee and each predecessor Trustee for expenses, disbursements and
advances shall constitute additional indebtedness hereunder and shall survive the satisfaction and
discharge of this Indenture or the resignation or removal of the Trustee. Such additional
indebtedness shall be a senior claim and lien to that of the Securities upon all property and funds
held or collected by the Trustee as such, except funds held in trust for the benefit of the holders
of particular Securities, and the Securities are hereby subordinated to such senior claim. The
parties agree that if the Trustee renders services following an Event of Default under Section
4.01(d) or (e), compensation for such services is intended to constitute administrative expense
under any bankruptcy law.

     Section 5.07. Right Of Trustee To Rely On Officer’s Certificate, Etc. Subject to Sections
5.01 and 5.02, whenever in the administration of the trusts of this Indenture the Trustee shall
deem it necessary or desirable that a matter be proved or established prior to taking or suffering
or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein
specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee,
be deemed to be conclusively proved and established by an Officer’s Certificate delivered to the
Trustee, and such certificate, in the absence of negligence or bad faith on the part of the
Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under
the provisions of this Indenture upon the faith thereof.

     Section 5.08. Persons Eligible For Appointment As Trustee. The Trustee for each series of
Securities hereunder shall at all times be a corporation which is eligible in accordance with the
provisions of Section 310(a) of the Trust Indenture Act of 1939 and which has, or is a Wholly-Owned
Subsidiary, directly or indirectly of a parent company which has, a combined capital and surplus of
$50,000,000. If such corporation or holding company publishes reports of condition at least
annually, pursuant to law or to the requirements of a Federal, State or District of Columbia
supervising or examining authority, then for the purposes of this Section, the combined capital and
surplus of such corporation or holding company shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published.

     Section 5.09. Resignation And Removal; Appointment Of Successor Trustee. (c) The Trustee, or
any trustee or trustees hereafter appointed, may at any time resign with respect to one or more or
all series of Securities by giving written notice of resignation to the Issuer. Upon receiving
such notice of resignation, the Issuer shall promptly appoint a successor trustee or trustees with
respect to the applicable series by written instrument in duplicate, executed by authority of the
Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and
one copy to the successor trustee or trustees. If no successor Trustee shall have been so
appointed with respect to any series and have accepted appointment within 30 days

30.

 

after the mailing of such notice of resignation, the resigning Trustee may petition any court
of competent jurisdiction for the appointment of a successor Trustee, or any Securityholder who has
been a bona fide Holder of a Security or Securities of the applicable series for at least six
months may, subject to the provisions of Section 4.12, on behalf of himself and all others
similarly situated, petition any such court for the appointment of a successor Trustee. Such court
may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor
Trustee.

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

	 	(i)	 	the Trustee shall fail to comply with the provisions of Section
310(b) of the Trust Indenture Act of 1939 with respect to any series of
Securities after written request therefor by the Issuer or by any
Securityholder who has been a bona fide Holder of a Security or Securities of
such series for at least six months; or
	 
	 	(ii)	 	the Trustee shall cease to be eligible in accordance with the
provisions of Section 310(a) of the Trust Indenture Act of 1939 and shall fail
to resign after written request therefor by the Issuer or by any
Securityholder; or
	 
	 	(iii)	 	the Trustee shall become incapable of acting with respect to
any series of Securities, or shall be adjudged a bankrupt or insolvent, or a
receiver or liquidator of the Trustee or of its property shall be appointed, or
any public officer shall take charge or control of the Trustee or of its
property or affairs for the purpose of rehabilitation, conservation or
liquidation;

then, in any such case, the Issuer may remove the Trustee with respect to the applicable series of
Securities and appoint a successor trustee for such series by written instrument, in duplicate,
executed by order of the Board of Directors of the Issuer, one copy of which instrument shall be
delivered to the Trustee so removed and one copy to the successor Trustee, or, subject to Section
315(e) of the Trust Indenture Act of 1939, any Securityholder who has been a bona fide Holder of a
Security or Securities of such series for at least six months may on behalf of himself and all
others similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor trustee with respect to such series. Such court may
thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and
appoint a successor trustee.

	 	(b)	 	The Holders of a majority in aggregate principal amount of the Securities of
each series at the time Outstanding may at any time remove the Trustee with respect to
Securities of such series and appoint a successor Trustee with respect to the
Securities of such series by delivering to the Trustee so removed, to the successor
Trustee so appointed and to the Issuer the evidence provided in Section 6.01 of the
action in that regard taken by the Securityholders.
	 
	 	(c)	 	Any resignation or removal of the Trustee with respect to any series and any
appointment of a successor trustee with respect to such series pursuant to any of

31.

 

	 	 	 	the provisions of this Section 5.09 shall become effective upon acceptance of
appointment by the successor trustee as provided in Section 5.10.

     Section 5.10. Acceptance Of Appointment By Successor. Any successor Trustee appointed as
provided in Section 5.09 shall execute and deliver to the Issuer and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon the resignation or removal of the
predecessor Trustee with respect to all or any applicable series shall become effective and such
successor Trustee, without any further act, deed or conveyance, shall become vested with all
rights, powers, duties and obligations with respect to such series of its predecessor hereunder,
with like effect as if originally named as Trustee for such series hereunder; but, nevertheless, on
the written request of the Issuer or of the successor Trustee, upon payment of its charges then
unpaid, the Trustee ceasing to act shall, subject to Section 5.06, pay over to the successor
Trustee all moneys at the time held by it hereunder and shall execute and deliver an instrument
transferring to such successor Trustee all such rights, powers, duties and obligations. Upon
request of any such successor Trustee, the Issuer shall execute any and all instruments in writing
for more fully and certainly vesting in and confirming to such successor Trustee all such rights
and powers. Any Trustee ceasing to act shall, nevertheless, retain a prior claim upon all property
or funds held or collected by such Trustee to secure any amounts then due it pursuant to the
provisions of Section 5.06.

     If a successor Trustee is appointed with respect to the Securities of one or more (but not
all) series, the Issuer, the predecessor Trustee and each successor Trustee with respect to the
Securities of any applicable series shall execute and deliver an indenture supplemental hereto
which shall contain such provisions as shall be deemed necessary or desirable to confirm that all
the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of
any series as to which the predecessor Trustee is not retiring shall continue to be vested in the
predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be
necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute
such Trustees co-trustees of the same trust and that each such Trustee shall be Trustee of a trust
or trusts under separate indentures.

     Upon acceptance of appointment by any successor Trustee as provided in this Section 5.10, the
Issuer shall mail notice thereof by first-class mail to the Holders of Securities of any series for
which such successor Trustee is acting as Trustee at their last addresses as they shall appear in
the Security register. If the acceptance of appointment is substantially contemporaneous with the
resignation, then the notice called for by the preceding sentence may be combined with the notice
called for by Section 5.09. If the Issuer fails to mail such notice within ten days after
acceptance of appointment by the successor Trustee, the successor Trustee shall cause such notice
to be mailed at the expense of the Issuer.

     Section 5.11. Merger, Conversion, Consolidation Or Succession To Business Of Trustee. Any
corporation into which the Trustee may be merged or converted or with which it may be consolidated,
or any corporation resulting from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to the corporate trust business of the Trustee,
shall be the successor of the Trustee hereunder, provided that such corporation shall be eligible
under the provisions of Section 5.08, without the execution or filing

32.

 

of any paper or any further act on the part of any of the parties hereto, anything herein to
the contrary notwithstanding.

     In case at the time such successor to the Trustee shall succeed to the trusts created by this
Indenture any of the Securities of any series shall have been authenticated but not delivered, any
such successor to the Trustee may adopt the certificate of authentication of any predecessor
Trustee and deliver such Securities so authenticated; and, in case at that time any of the
Securities of any series shall not have been authenticated, any successor to the Trustee may
authenticate such Securities either in the name of any predecessor hereunder or in the name of the
successor Trustee; and in all such cases such certificate shall have the full force which it is
anywhere in the Securities of such series or in this Indenture provided that the certificate of the
Trustee shall have; provided, that the right to adopt the certificate of authentication of any
predecessor Trustee or to authenticate Securities of any series in the name of any predecessor
Trustee shall apply only to its successor or successors by merger, conversion or consolidation.

     Section 5.12. Reports By The Trustee.

	 	(a)	 	On or before May 15, 2006, and on or before May 15 in every year thereafter, so
long as any Securities are Outstanding hereunder and as required by the Trust Indenture
Act of 1939, the Trustee shall transmit to the Securityholders and the Issuer, as
hereinafter in this Section 5.12 provided, a brief report dated as of the preceding
March 15 with respect to:

	 	(i)	 	its eligibility under Section 5.08, or in lieu thereof, if to
the best of its knowledge it has continued to be eligible under such Section, a
written statement to such effect; and
	 
	 	(ii)	 	any action taken by the Trustee in the performance of its
duties under this Indenture which it has not previously reported and which in
its opinion materially affects the Securities, except action in respect of a
default, notice of which has been or is to be withheld by it in accordance with
the provisions of Section 4.11.

	 	(b)	 	Reports pursuant to this Section 5.12 shall be transmitted by mail to all
holders of Securities as the names and addresses of such holders appear upon the
registry books of the Issuer at the expense of the Issuer.

ARTICLE 6

CONCERNING THE SECURITYHOLDERS

     Section 6.01. Evidence Of Action Taken By Securityholders. Any request, demand,
authorization, direction, notice, consent, waiver or other action provided by this Indenture to be
given or taken by a specified percentage in principal amount of the Securityholders of any or all
series may be embodied in and evidenced by one or more instruments of substantially similar tenor
signed by such specified percentage of Securityholders in person or by agent duly appointed in
writing; and, except as herein otherwise expressly provided, such action shall become effective
when such instrument or instruments are delivered to the Trustee. Proof of execution of any
instrument or of a writing appointing any such agent shall be sufficient for any

33.

 

purpose of this Indenture and (subject to Sections 5.01 and 5.02) conclusive in favor of the
Trustee and the Issuer, if made in the manner provided in this Article.

     Section 6.02. Proof Of Execution Of Instruments And Of Holding Of Securities; Record Date.
Subject to Sections 5.01 and 5.02, the execution of any instrument by a Securityholder or his agent
or proxy may be proved by the certificate of any notary public or other officer authorized to take
acknowledgment of deeds, that the Person executing such instrument acknowledged to such notary
public or other such officer the execution thereof, or by an affidavit of a witness to such
execution sworn to before any such notary public or other officer. Where such execution is by an
officer of a corporation or association or a member of a partnership on behalf of such corporation,
association or partnership, as the case may be, or by any other Person acting in a representative
capacity, such certificate or affidavit shall also constitute sufficient proof of such Person’s
authority. The holding of Securities shall be proved by the Security register or by a certificate
of the registrar thereof. The Issuer may set a record date for purposes of determining the
identity of holders of Securities of any series entitled to vote or consent to any action referred
to in Section 6.01, which record date may be set at any time or from time to time by notice to the
Trustee, for any date or dates (in the case of any adjournment or reconsideration) not more than 60
days nor less than five days prior to the proposed date of such vote or consent, and thereafter,
notwithstanding any other provisions hereof, only holders of Securities of such series of record on
such record date shall be entitled to so vote or give such consent or revoke such vote or consent.

     Section 6.03. Holders To Be Treated As Owners. Prior to due presentment of a Security for
registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may
deem and treat the person in whose name any Security shall be registered upon the Security register
for such series as the absolute owner of such Security (whether or not such Security shall be
overdue and notwithstanding any notation of ownership or other writing thereon) for the purpose of
receiving payment of or on account of the principal of and, subject to the provisions of this
Indenture, interest on such Security and for all other purposes; and neither the Issuer nor the
Trustee nor any agent of the Issuer or the Trustee shall be affected by any notice to the contrary.
All such payments so made to any such person, or upon his order, shall be valid, and, to the
extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys
payable upon any such Security.

     Section 6.04. Securities Owned By Issuer Deemed Not Outstanding. In determining whether the
Holders of the requisite aggregate principal amount of Outstanding Securities of any or all series
have concurred in any direction, consent or waiver under this Indenture, Securities which are owned
by the Issuer or any other obligor on the Securities with respect to which such determination is
being made or by any person directly or indirectly controlling or controlled by or under direct or
indirect common control with the Issuer or any other obligor on the Securities with respect to
which such determination is being made shall be disregarded and deemed not to be Outstanding for
the purpose of any such determination, except that for the purpose of determining whether the
Trustee shall be protected in relying on any such direction, consent or waiver only Securities as
to which the Trustee has received written notice are so owned shall be so disregarded. Securities
so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee
establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such
Securities and that the pledgee is not the Issuer or any other obligor upon

34.

 

the Securities or any person directly or indirectly controlling or controlled by or under
direct or indirect common control with the Issuer or any other obligor on the Securities. In case
of a dispute as to such right, the advice of counsel shall be full protection in respect of any
decision made by the Trustee in accordance with such advice. Upon request of the Trustee, the
Issuer shall furnish to the Trustee promptly an Officer’s Certificate listing and identifying all
Securities, if any, known by the Issuer to be owned or held by or for the account of any of the
above-described persons; and, subject to Sections 5.01 and 5.02, the Trustee shall be entitled to
accept such Officer’s Certificate as conclusive evidence of the facts therein set forth and of the
fact that all Securities not listed therein are Outstanding for the purpose of any such
determination.

     Section 6.05. Right Of Revocation Of Action Taken. At any time prior to (but not after) the
evidencing to the Trustee, as provided in Section 6.01, of the taking of any action by the Holders
of the percentage in aggregate principal amount of the Securities of any or all series, as the case
may be, specified in this Indenture in connection with such action, any Holder of a Security the
serial number of which is shown by the evidence to be included among the serial numbers of the
Securities the Holders of which have consented to such action may, by filing written notice at the
Corporate Trust Office and upon proof of holding as provided in this Article, revoke such action so
far as concerns such Security. Except as aforesaid any such action taken by the Holder of any
Security shall be conclusive and binding upon such Holder and upon all future Holders and owners of
such Security and of any Securities issued in exchange or substitution therefor, irrespective of
whether or not any notation in regard thereto is made upon any such Security. Any action taken by
the Holders of the percentage in aggregate principal amount of the Securities of any or all series,
as the case may be, specified in this Indenture in connection with such action shall be
conclusively binding upon the Issuer, the Trustee and the Holders of all the Securities affected by
such action.

ARTICLE 7

SUPPLEMENTAL INDENTURES

     Section 7.01. Supplemental Indentures Without Consent Of Securityholders. The Issuer, when
authorized by a resolution of its Board of Directors certified to the Trustee, and the Trustee may
from time to time and at any time enter into an indenture or indentures supplemental hereto for one
or more of the following purposes:

	 	(a)	 	to evidence the succession of another corporation to the Issuer, or successive
successions, and the assumption by the successor corporation of the covenants,
agreements and obligations of the Issuer pursuant to Article 8;
	 
	 	(b)	 	to cure any ambiguity or to correct or supplement any provision contained
herein or in any supplemental indenture which may be defective or inconsistent with any
other provision contained herein or in any supplemental indenture; or to make such
other provisions in regard to matters or questions arising under this Indenture or
under any supplemental indenture as the Board of Directors may deem necessary or
desirable and which shall not adversely affect the interests of the Holders of the
Securities in any material respect;

35.

 

	 	(c)	 	to establish the form or terms of Securities of any series as permitted by
Sections 2.01 and 2.03;
	 
	 	(d)	 	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,
pursuant to the requirements of Section 5.10;
	 
	 	(e)	 	to comply with any requirements of the Commission in connection with the
qualification of this Indenture under the Trust Indenture Act of 1939 or any similar
federal statute hereafter enacted;
	 
	 	(f)	 	to provide for uncertificated or Unregistered Securities and to make all
appropriate changes for such purpose;
	 
	 	(g)	 	to make any change that does not adversely affect the rights of any Holder;
	 
	 	(h)	 	as provided by or pursuant to a board resolution or indenture supplemental
hereto establishing the terms of one or more series of Securities;
	 
	 	(i)	 	to add to the covenants of the Issuer such new covenants, restrictions,
conditions or provisions as its Board of Directors shall consider to be for the
protection of the Holders of Securities, and with respect to which the Trustee has
received an Opinion of Counsel to a similar effect, and to make the occurrence, or the
occurrence and continuance, of a default in any such additional covenants,
restrictions, conditions or provisions an Event of Default; provided, that in respect
of any such additional covenant, restriction, condition or provision such supplemental
indenture may provide for a particular period of grace after default (which period may
be shorter or longer than that allowed in the case of other defaults) or may provide
for an immediate enforcement upon such an Event of Default or may limit the remedies
available to the Trustee upon such an Event of Default or may limit the right of the
Holders of a majority in aggregate principal amount of the Securities of such series to
waive such an Event of Default;
	 
	 	(j)	 	to make any change, including, without limitation, with respect to the choice
of law governing this Indenture, any supplemental indenture or any Security, so long as
no Securities are Outstanding;
	 
	 	(k)	 	to make provision with respect to conversion rights of the Holders of
Securities; or
	 
	 	(l)	 	to provide for the issuance under this Indenture of Securities of a series in
coupon form (including Securities registrable as to principal only) and to provide for
exchangeability of such Securities with the Securities issued hereunder in fully
registered form and to make all appropriate changes for such purpose.`

36.

 

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

     Any supplemental indenture authorized by the provisions of this Section may be executed
without the consent of the Holders of any of the Securities at the time outstanding,
notwithstanding any of the provisions of Section 7.02.

     Section 7.02. Supplemental Indentures With Consent Of Securityholders. With the consent
(evidenced as provided in Article 6) of the Holders of not less than a majority in aggregate
principal amount of the Securities at the time Outstanding of all series affected by such
supplemental indenture (voting as one class), the Issuer, when authorized by a resolution of its
Board of Directors, and the Trustee may, from time to time and at any time, enter into an indenture
or indentures supplemental hereto for the purpose of adding any provisions to or changing in any
manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or
of modifying in any manner the rights of the Holders of the Securities of each such series;
provided, that no such supplemental indenture shall without the consent of each Holder affected
thereby:

	 	(i)	 	change the stated maturity of the Principal of, or any sinking
fund obligation or any installment of interest on, such Holder’s Security;
	 
	 	(ii)	 	reduce the Principal thereof or the rate of interest thereon,
or any premium payable with respect thereto;
	 
	 	(iii)	 	change any place of payment where, or the currency in which,
any Security or any premium or the interest thereon is payable;
	 
	 	(iv)	 	change the provisions for calculating the optional redemption
price, including the definitions relating thereto;
	 
	 	(v)	 	make any change to Section 4.07 or 4.10 (except to include
other provisions subject to Section 4.10);
	 
	 	(vi)	 	reduce the percentage in principal amount of outstanding
Securities of the relevant series the consent of whose Holders is required for
any such supplemental indenture, for any waiver of compliance with any
provisions of this Indenture or any Defaults and their consequences provided
for in this Indenture;
	 
	 	(vii)	 	alter or impair the right to convert any Security at the rate
and upon the terms provided in Article 12;

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	 	(viii)	 	waive a default in the payment of Principal of or interest on any Security of
such Holder (except pursuant to a rescission of acceleration pursuant to
Section 4.01);
	 
	 	(ix)	 	adversely affect the rights in any material respect of such
Holder under any mandatory redemption or repurchase provision or any right of
redemption or repurchase at the option of such Holder;
	 
	 	(x)	 	modify any of the provisions of this Section 7.02, except to
increase any such percentage or to provide that certain other provisions of
this Indenture cannot be modified or waived without the consent of the Holder
of each outstanding Security affected thereby; or
	 
	 	(xi)	 	change or waive any provision that, pursuant to a board
resolution or indenture supplemental hereto establishing the terms of one or
more series of Securities, is prohibited to be so changed or waived.

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

     Upon the written request of the Issuer, accompanied by a copy of a resolution of the Board of
Directors certified by the secretary or an assistant secretary of the Issuer authorizing the
execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of
the consent of Securityholders as aforesaid and other documents, if any, required by Section 6.01,
the Trustee shall join with the Issuer in the execution of such supplemental indenture unless such
supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture
or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter
into such supplemental indenture.

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

     Promptly after the execution by the Issuer and the Trustee of any supplemental indenture
pursuant to the provisions of this Section, the Issuer shall mail a notice thereof by first class
mail to the Holders of Securities of each series affected thereby at their addresses as they shall
appear on the registry books of the Issuer, setting forth in general terms the substance of such
supplemental indenture. Any failure of the Issuer to mail such notice, or any defect therein,
shall not, however, in any way impair or affect the validity of any such supplemental indenture.

     Neither the Issuer nor any of its Subsidiaries will, directly or indirectly, pay or cause to
be paid any consideration, whether by way of interest, fee or otherwise, to any Holder of any
Securities for or as an inducement to any consent, waiver or amendment of any of the terms or
provisions of this Indenture or the Securities unless such consideration is offered to be paid or

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agreed to be paid to all Holders of the Securities that consent, waive or agree to amend in
the time frame set forth in the solicitation documents relating to such consent, waiver or
agreement.

     Section 7.03. Effect Of Supplemental Indenture. Upon the execution of any supplemental
indenture pursuant to the provisions hereof, this Indenture shall be and be deemed to be modified
and amended in accordance therewith and the respective rights, limitations of rights, obligations,
duties and immunities under this Indenture of the Trustee, the Issuer and the Holders of Securities
of each series affected thereby shall thereafter be determined, exercised and enforced hereunder
subject in all respects to such modifications and amendments, and all the terms and conditions of
any such supplemental indenture shall be and be deemed to be part of the terms and conditions of
this Indenture for any and all purposes.

     Section 7.04. Documents To Be Given To Trustee. The Trustee, subject to the provisions of
Sections 5.01 and 5.02, may receive an Officer’s Certificate and an Opinion of Counsel as
conclusive evidence that any supplemental indenture executed pursuant to this Article 7 complies
with the applicable provisions of this Indenture.

     Section 7.05. Notation On Securities In Respect Of Supplemental Indentures. Securities of any
series authenticated and delivered after the execution of any supplemental indenture pursuant to
the provisions of this Article may bear a notation in form approved by the Trustee for such series
as to any matter provided for by such supplemental indenture or as to any action taken at any such
meeting. If the Issuer or the Trustee shall so determine, new Securities of any series so modified
as to conform, in the opinion of the Trustee and the Board of Directors, to any modification of
this Indenture contained in any such supplemental indenture may be prepared by the Issuer,
authenticated by the Trustee and delivered in exchange for the Securities of such series then
outstanding.

ARTICLE 8

CONSOLIDATION, MERGER, SALE OR CONVEYANCE

     Section 8.01. Issuer May Consolidate, Etc., On Certain Terms. Subject to the provisions of
Section 8.02, nothing contained in this Indenture or in any of the Securities shall prevent any
consolidation or merger of the Issuer with or into any other Person or Persons (whether or not
affiliated with the Issuer), or successive consolidations or mergers in which the Issuer or its
successor or successors shall be a party or parties, or shall prevent any sale, conveyance or lease
(or successive sales, conveyances or leases) of all or substantially all of the property of the
Issuer, to any other Person (whether or not affiliated with the Issuer), authorized to acquire and
operate the same and that shall be organized under the laws of the United States of America, any
state thereof or the District of Columbia upon any such consolidation, merger, sale, conveyance or
lease, the due and punctual payment of the principal of and premium, if any, and interest on all of
the Securities, according to their tenor and the due and punctual performance and observance of all
of the covenants and conditions of this Indenture to be performed by the Issuer, shall be expressly
assumed, by supplemental indenture satisfactory in form to the Trustee, executed and delivered to
the Trustee by the Person (if other than the Issuer) formed by such consolidation, or into which
the Issuer shall have been merged, or by the Person that shall have acquired or leased such
property, and such supplemental indenture shall provide for conversion rights (if applicable).

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     Section 8.02. Successor Corporation Substituted. In case of any such consolidation, merger,
sale, conveyance or lease and upon the assumption by the successor Person, by supplemental
indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the
due and punctual payment of the principal of and premium, if any, and interest on all of the
Securities and the due and punctual performance of all of the covenants and conditions of this
Indenture to be performed by the Issuer, such successor Person shall succeed to and be substituted
for the Issuer, with the same effect as if it had been named herein as the party of this first
part. Such successor Person thereupon may cause to be signed, and may issue either in its own name
or in the name of PlanetOut Inc. any or all of the Securities, issuable hereunder that theretofore
shall not have been signed by the Issuer and delivered to the Trustee; and, upon the order of such
successor Person instead of the Issuer and subject to all the terms, conditions and limitations in
this Indenture prescribed, the Trustee shall authenticate and shall deliver, or cause to be
authenticated and delivered, any Securities that previously shall have been signed and delivered by
the officers of the Issuer to the Trustee for authentication, and any Securities that such
successor Person thereafter shall cause to be signed and delivered to the Trustee for that purpose.
All the Securities so issued shall in all respects have the same legal rank and benefit under this
Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this
Indenture as though all of such Securities had been issued at the date of the execution hereof. In
the event of any such consolidation, merger, sale, conveyance or lease, the Person named as the
“Issuer” in the first paragraph of this Indenture or any successor that shall thereafter have
become such in the manner prescribed in this Article 8 may be dissolved, wound up and liquidated at
any time thereafter and such Person shall be released from its liabilities as obligor and maker of
the Securities and from its obligations under this Indenture.

     In case of any such consolidation, merger, sale, lease or conveyance such changes in
phraseology and form (but not in substance) may be made in the Securities thereafter to be issued
as may be appropriate.

     In the event of any such sale or conveyance (other than a conveyance by way of lease) the
Issuer or any successor corporation which shall theretofore have become such in the manner
described in this Article shall be discharged from all obligations and covenants under this
Indenture and the Securities and may be liquidated and dissolved.

ARTICLE 9

DISCHARGE OF INDENTURE

     Section 9.01. Defeasance Within One Year Of Payment. Except as otherwise provided in this
Section 9.01, the Issuer may terminate its obligations under the Securities of any series and this
Indenture with respect to Securities of such series if:

	 	(i)	 	all Securities of such series previously authenticated and
delivered (other than destroyed, lost or wrongfully taken Securities of such
series that have been replaced or Securities of such series that are paid
pursuant to Section 3.01 or Securities of such series for whose payment money
or securities have theretofore been held in trust and thereafter repaid to the
Issuer, as provided in Section 9.05) have been delivered to the Trustee for
cancellation and the Issuer has paid all sums payable by it hereunder; or

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	 	(ii)	 	(A) the Securities of such series mature within one year or all
of them are to be called for redemption within one year under arrangements
satisfactory to the Trustee for giving the notice of redemption, (B) the Issuer
irrevocably deposits in trust with the Trustee, as trust funds solely for the
benefit of the Holders of such Securities for that purpose, money or U.S.
Government Obligations or a combination thereof sufficient (unless such funds
consist solely of money, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee), without consideration of any reinvestment and after
payment of all federal, state and local taxes or other charges and assessments
in respect thereof payable by the Trustee, to pay Principal of and interest on
the Securities of such series to maturity or redemption, as the case may be,
and to pay all other sums payable by it hereunder, and (C) the Issuer delivers
to the Trustee an Officer’s Certificate and an Opinion of Counsel, in each case
stating that all conditions precedent provided for herein relating to the
satisfaction and discharge of this Indenture with respect to the Securities of
such series have been complied with.

     With respect to the foregoing clause (i), only the Issuer’s obligations under Sections 5.06
and 9.05 in respect of the Securities of such series shall survive. With respect to the foregoing
clause (ii), only the Issuer’s obligations in Sections 2.03 through 2.11, 3.02, 5.06, 5.09 and 9.05
in respect of the Securities of such series shall survive until such Securities of such series are
no longer outstanding. Thereafter, only the Issuer’s obligations in Sections 5.06 and 9.05 in
respect of the Securities of such series shall survive. After any such irrevocable deposit, the
Trustee shall acknowledge in writing the discharge of the Issuer’s obligations under the Securities
of such series and this Indenture with respect to the Securities of such series except for those
surviving obligations specified above.

     Section 9.02. Defeasance. Except as provided below, the Issuer will be deemed to have paid
and will be discharged from any and all obligations in respect of the Securities of any series and
the provisions of this Indenture will no longer be in effect with respect to the Securities of such
series (and the Trustee, at the expense of the Issuer, shall execute instruments in form and
substance satisfactory to the Issuer and the Trustee acknowledging the same); provided that the
following conditions shall have been satisfied:

	 	(i)	 	the Issuer has irrevocably deposited in trust with the Trustee
as trust funds specifically pledged as security for, and dedicated solely to,
Holders of the Securities of such series, for payment of the Principal of and
interest on the Securities of such series, money or U.S. Government Obligations
or a combination thereof sufficient (unless such funds consist solely of money,
in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the
Trustee) without consideration of any reinvestment and after payment of all
federal, state and local taxes or other charges and assessments in respect
thereof payable by the Trustee, to pay and discharge the Principal of and
accrued interest on the outstanding Securities of such series to

41.

 

	 	 	 	maturity or earlier redemption (irrevocably provided for under arrangements
satisfactory to the Trustee), as the case may be;

	 	(ii)	 	such deposit will not result in a breach or violation of, or
constitute a default under, this Indenture or any other material agreement or
instrument to which the Issuer is a party or by which it is bound;
	 
	 	(iii)	 	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;
	 
	 	(iv)	 	the Issuer shall have delivered to the Trustee either (x) a
ruling directed to the Trustee received from or ruling published by the
Internal Revenue Service to the effect 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 the Issuer’s exercise of its option under this Section
9.02 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
and defeasance had not occurred or (y) an Opinion of Counsel to the same effect
as the ruling described in clause (x) above and based upon a change in law; and
	 
	 	(v)	 	the Issuer has delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, in each case stating that all conditions
precedent provided for herein relating to the defeasance contemplated by this
Section 9.02 of the Securities of such series have been complied with.

     The Issuer’s obligations in Sections 2.03 through 2.11, 3.02, 5.06, 5.09 and 9.05 with respect
to the Securities of such series shall survive until such Securities are no longer outstanding.
Thereafter, only the Issuer’s obligations in Sections 5.06 and 9.05 shall survive.

     Section 9.03. Covenant Defeasance. The Issuer may omit to comply with any term, provision or
condition set forth in Section 3.04 (or any other specific covenant relating to the Securities of
any series provided for in a board resolution or supplemental indenture pursuant to Section 2.03
which may by its terms be defeased pursuant to this Section 9.03), and such omission shall be
deemed not to be an Event of Default under clause (c) of Section 4.01, with respect to the
outstanding Securities of such series if:

	 	(i)	 	the Issuer has irrevocably deposited in trust with the Trustee
as trust funds solely for the benefit of the Holders of the Securities of such
series, for payment of the Principal of and interest, if any, on the Securities
of such series, money or U.S. Government Obligations or a combination thereof
in an amount sufficient (unless such funds consist solely of money, in the
opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee) without
consideration of any reinvestment and after payment of all federal, state and
local taxes or other charges and assessments in respect thereof payable by the
Trustee, to pay and discharge the Principal of and interest

42.

 

	 	 	 	on the outstanding Securities of such series to maturity or earlier
redemption (irrevocably provided for under arrangements satisfactory to the
Trustee), as the case may be;

	 	(ii)	 	such deposit will not result in a breach or violation of, or
constitute a default under, this Indenture or any other material agreement or
instrument to which the Issuer is a party or by which it is bound;
	 
	 	(iii)	 	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;
	 
	 	(iv)	 	the Issuer has delivered to the Trustee an Opinion of Counsel
to the effect that such Holders will not recognize income, gain or loss for
federal income tax purposes as a result of such deposit and covenant defeasance
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 and
defeasance had not occurred; and
	 
	 	(v)	 	the Issuer has delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, in each case stating that all conditions
precedent provided for herein relating to the covenant defeasance contemplated
by this Section 9.03 of the Securities of such series have been complied with.

     Section 9.04. Application Of Trust Money. Subject to Section 9.05, the Trustee or Paying
Agent shall hold in trust money or U.S. Government Obligations deposited with it pursuant to
Section 9.01, 9.02 or 9.03, as the case may be, in respect of the Securities of any series and
shall apply the deposited money and the proceeds from deposited U.S. Government Obligations in
accordance with the Securities of such series and this Indenture to the payment of Principal of and
interest on the Securities of such series; but such money need not be segregated from other funds
except to the extent required by law. The Issuer shall pay and indemnify the Trustee against any
tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited
pursuant to Section 9.01, 9.02 or 9.03, as the case may be, or the principal and interest received
in respect thereof, other than any such tax, fee or other charge that by law is for the account of
the Holders.

     Section 9.05. Repayment To Issuer. Subject to Sections 5.06, 9.01, 9.02 and 9.03, the Trustee
and the Paying Agent shall promptly pay to the Issuer upon request set forth in an Officer’s
Certificate any money held by them at any time and not required to make payments hereunder and
thereupon shall be relieved from all liability with respect to such money. Subject to applicable
escheat or abandoned property laws, the Trustee and the Paying Agent shall pay to the Issuer upon
written request any money held by them and required to make payments hereunder under this Indenture
that remains unclaimed for two years or such other shorter period set forth in applicable escheat
or abandoned or unclaimed property law; provided that the Trustee or such Paying Agent before being
required to make any payment may cause to be published at the expense of the Issuer once in an
Authorized Newspaper or mail to each Holder entitled to such money at such Holder’s address (as set
forth in the register) notice that such money remains unclaimed and that after a date specified
therein (which shall be at least 30 days from the date of

43.

 

such publication or mailing) any unclaimed balance of such money then remaining will be repaid
to the Issuer. After payment to the Issuer, Holders entitled to such money must look to the Issuer
for payment as unsecured general creditors unless an abandoned property law designates another
Person, and all liability of the Trustee and such Paying Agent with respect to such money shall
cease.

ARTICLE 10

MISCELLANIOUS PROVISIONS

     Section 10.01. Incorporators, Stockholders, Officers And Directors Of Issuer Exempt From
Individual Liability. No recourse under or upon any obligation, covenant or agreement contained in
this Indenture, or in any Security, or because of any indebtedness evidenced thereby, shall be had
against any incorporator, as such, or against any past, present or future stockholder, officer,
director or employee, as such, of the Issuer or of any successor, either directly or through the
Issuer or any successor, under any rule of law, statute or constitutional provision or by the
enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such
liability being expressly waived and released by the acceptance of the Securities by the holders
thereof and as part of the consideration for the issue of the Securities.

     Section 10.02. Provisions Of Indenture For The Sole Benefit Of Parties And Securityholders.
Nothing in this Indenture or in the Securities, expressed or implied, shall give or be construed to
give to any person, firm or corporation, other than the parties hereto and their successors and the
Holders of the Securities, any legal or equitable right, remedy or claim under this Indenture or
under any covenant or provision herein contained, all such covenants and provisions being for the
sole benefit of the parties hereto and their successors and of the Holders of the Securities.

     Section 10.03. Successors And Assigns Of Issuer Bound By Indenture. All the covenants,
stipulations, promises and agreements in this Indenture contained by or in behalf of the Issuer
shall bind its successors and assigns, whether so expressed or not.

     Section 10.04. Notices And Demands On Issuer, Trustee And Securityholders. Any notice or
demand which by any provision of this Indenture is required or permitted to be given or served by
the Trustee or by the Holders of Securities to or on the Issuer may be given or served by being
deposited postage prepaid, first-class mail (except as otherwise specifically provided herein)
addressed (until another address of the Issuer is filed by the Issuer with the Trustee) to
PlanetOut Inc. at 1355 Sansome Street, San Francisco, CA 94111, Attention: Chief Financial
Officer. Any notice, direction, request or demand by the Issuer or any Securityholder to or upon
the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or
made at the Corporate Trust Office.

     Where this Indenture provides for notice to Holders, such notice shall be sufficiently given
(unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid,
to each Holder entitled thereto, at his last address as it appears in the Security register. In
any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any
defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such
notice with respect to other Holders. Where this Indenture provides for notice in any manner,

44.

 

such notice may be waived in writing by the person entitled to receive such notice, either
before or after the event, and such waiver shall be the equivalent of such notice. Waivers of
notice by Holders shall be filed with the Trustee, but such filing shall not be a condition
precedent to the validity of any action taken in reliance upon such waiver.

     In case, by reason of the suspension of or irregularities in regular mail service, it shall be
impracticable to mail notice to the Issuer and Securityholders when such notice is required to be
given pursuant to any provision of this Indenture, then any manner of giving such notice as shall
be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice.

     Section 10.05. Officer’s Certificates And Opinions Of Counsel; Statements To Be Contained
Therein. Upon any application or demand by the Issuer to the Trustee to take any action under any
of the provisions of this Indenture, the Issuer shall furnish to the Trustee an Officer’s
Certificate stating that all conditions precedent provided for in this Indenture relating to the
proposed action have been complied with and an Opinion of Counsel stating that in the opinion of
such counsel all such conditions precedent have been complied with, except that in the case of any
such application or demand as to which the furnishing of such documents is specifically required by
any provision of this Indenture relating to such particular application or demand, no additional
certificate or opinion need be furnished.

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

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

     Any certificate, statement or opinion of an officer of the Issuer or of counsel may be based,
insofar as it relates to accounting matters, upon a certificate or opinion of or representations by
an accountant or firm of accountants in the employ of the Issuer, unless such officer or counsel,
as the case may be, knows that the certificate or opinion or representations with respect to the
accounting matters upon which his certificate, statement or opinion may be

45.

 

based as aforesaid are erroneous, or in the exercise of reasonable care should know that the
same are erroneous.

     Any certificate or opinion of any independent firm of public accountants filed with the
Trustee shall contain a statement that such firm is independent.

     Section 10.06. Payments Due On Saturdays, Sundays And Holidays. If the date of maturity of
interest on or principal of the Securities of any series or the date fixed for redemption or
repayment of any such Security shall not be a Business Day, then payment of interest or principal
need not be made on such date, but may be made on the next succeeding Business Day with the same
force and effect as if made on the date of maturity or the date fixed for redemption, and no
interest shall accrue for the period after such date.

     Section 10.07. Conflict Of Any Provision Of Indenture With Trust Indenture Act Of 1939. If
and to the extent that any provision of this Indenture limits, qualifies or conflicts with another
provision included in this Indenture by operation of Sections 310 to 317, inclusive, of the Trust
Indenture Act of 1939 (an “incorporated provision”), such incorporated provision shall control.

     Section 10.08. California Law To Govern. This Indenture and each Security shall be deemed to
be a contract under the laws of the State of California, and for all purposes shall be construed in
accordance with the laws of such State, except as may otherwise be required by mandatory provisions
of law.

     Section 10.09. Counterparts. This Indenture may be executed in any number of counterparts,
each of which shall be an original; but such counterparts shall together constitute but one and the
same instrument.

     Section 10.10. Effect Of Headings. The Article and Section headings herein and the Table of
Contents are for convenience only and shall not affect the construction hereof.

ARTICLE 11

REDEMPTION OF SECURITIES AND SINKING FUNDS

     Section 11.01. Applicability Of Article. The provisions of this Article shall be applicable
to the Securities of any series which are redeemable before their maturity or to any sinking fund
for the retirement of Securities of a series except as otherwise specified as contemplated by
Section 2.03 for Securities of such series.

     Section 11.02. Notice Of Redemption; Partial Redemptions. Notice of redemption to the Holders
of Securities of any series to be redeemed as a whole or in part at the option of the Issuer shall
be given by mailing notice of such redemption by first class mail, postage prepaid, at least 20
days and not more than 60 days prior to the date fixed for redemption to such Holders of Securities
of such series at their last addresses as they shall appear upon the registry books. Any notice
which is mailed in the manner herein provided shall be conclusively presumed to have been duly
given, whether or not the Holder receives the notice. Failure to give notice by mail, or any
defect in the notice to the Holder of any Security of a series designated for redemption as a whole
or in part shall not affect the validity of the proceedings for the redemption of any other
Security of such series.

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     The notice of redemption to each such Holder shall specify the CUSIP numbers of such
Securities to be redeemed, the principal amount of each Security of such series held by such Holder
to be redeemed, the date fixed for redemption, the redemption price, the place or places of
payment, that payment will be made upon presentation and surrender of such Securities, that such
redemption is pursuant to the mandatory or optional sinking fund, or both, if such be the case,
that interest accrued to the date fixed for redemption will be paid as specified in such notice and
that on and after said date interest thereon or on the portions thereof to be redeemed will cease
to accrue. In case any Security of a series is to be redeemed in part only the notice of
redemption shall state the portion of the principal amount thereof to be redeemed and shall state
that on and after the date fixed for redemption, upon surrender of such Security, a new Security or
Securities of such series in principal amount equal to the unredeemed portion thereof will be
issued.

     The notice of redemption of Securities of any series to be redeemed at the option of the
Issuer shall be given by the Issuer or, at the Issuer’s written request, by the Trustee in the name
and at the expense of the Issuer.

     By 10:00 a.m. (New York City time) on the redemption date specified in the notice of
redemption given as provided in this Section, the Issuer will deposit with the Trustee or with one
or more paying agents (or, if the Issuer is acting as its own paying agent, set aside, segregate
and hold in trust as provided in Section 3.03) an amount of money sufficient to redeem on the
redemption date all the Securities of such series so called for redemption at the appropriate
redemption price, together with accrued interest to the date fixed for redemption. If less than
all the outstanding Securities of a series are to be redeemed, the Issuer will deliver to the
Trustee at least 70 days prior to the date fixed for redemption an Officer’s Certificate stating
the aggregate principal amount of Securities to be redeemed.

     In the case of the redemption of all of the Securities of a series outstanding, the Issuer
shall notify the Trustee in writing of the redemption date 45 days (unless a shorter period shall
be satisfactory to the Trustee) prior to the redemption date.

     If less than all the Securities of a series are to be redeemed, the Trustee shall select, pro
rata or by lot or in such manner as it shall deem appropriate and fair, Securities of such Series
to be redeemed in whole or in part. Securities of a series may be redeemed in part in multiples
equal to the minimum authorized denomination for Securities of such series or any multiple thereof.
The Trustee shall promptly notify the Issuer in writing of the Securities of such series selected
for redemption and, in the case of any Securities of such series selected for partial redemption,
the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the
context otherwise requires, all provisions relating to the redemption of Securities of any series
shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion
of the principal amount of such Security which has been or is to be redeemed.

     Section 11.03. Payment Of Securities Called For Redemption. If notice of redemption has been
given as above provided, the Securities or portions of Securities specified in such notice shall
become due and payable on the date and at the place stated in such notice at the applicable
redemption price, together with interest accrued to the date fixed for redemption, and on and after
said date (unless the Issuer shall default in the payment of such Securities at the redemption

47.

 

price, together with interest accrued to said date) interest on the Securities or portions of
Securities so called for redemption shall cease to accrue and, except as provided in Sections 5.05
and 9.04, such Securities shall cease from and after the date fixed for redemption to be entitled
to any benefit or security under this Indenture, and the Holders thereof shall have no right in
respect of such Securities except the right to receive the redemption price thereof and unpaid
interest to the date fixed for redemption. On presentation and surrender of such Securities at a
place of payment specified in said notice, said Securities or the specified portions thereof shall
be paid and redeemed by the Issuer at the applicable redemption price, together with interest
accrued thereon to the date fixed for redemption; provided that any semiannual payment of interest
becoming due on the date fixed for redemption shall be payable to the Holders of such Securities
registered as such on the relevant record date subject to the terms and provisions of Section 2.04
hereof.

     If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal shall, until paid or duly provided for, bear interest from the date fixed
for redemption at the rate of interest or Yield to Maturity (in the case of an Original Issue
Discount Security) borne by the Security.

     Upon presentation of any Security redeemed in part only, the Issuer shall execute and the
Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of
the Issuer, a new Security or Securities of such series, of authorized denominations, in principal
amount equal to the unredeemed portion of the Security so presented.

     Section 11.04. Exclusion Of Certain Securities From Eligibility For Selection For Redemption.
Securities shall be excluded from eligibility for selection for redemption if they are identified
by registration and certificate number in a written statement signed by an authorized officer of
the Issuer and delivered to the Trustee at least 40 days prior to the last date on which notice of
redemption may be given as being owned of record and beneficially by, and not pledged or
hypothecated by either (a) the Issuer or (b) an entity specifically identified in such written
statement directly or indirectly controlling or controlled by or under direct or indirect common
control with the Issuer.

     Section 11.05. Mandatory And Optional Sinking Funds. The minimum amount of any sinking fund
payment provided for by the terms of Securities of any series is herein referred to as a “mandatory
sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms
of Securities of any series is herein referred to as an “optional sinking fund payment.” The date
on which a sinking fund payment is to be made is herein referred to as the “sinking fund payment
date.”

     In lieu of making all or any part of any mandatory sinking fund payment with respect to any
series of Securities in cash, the Issuer may at its option (a) deliver to the Trustee Securities of
such series theretofore purchased or otherwise acquired (except upon redemption pursuant to the
mandatory sinking fund) by the Issuer or receive credit for Securities of such series (not
previously so credited) theretofore purchased or otherwise acquired (except as aforesaid) by the
Issuer and delivered to the Trustee for cancellation pursuant to Section 2.10, (b) receive credit
for optional sinking fund payments (not previously so credited) made pursuant to this Section, or
(c) receive credit for Securities of such series (not previously so credited) redeemed by the
Issuer

48.

 

through any optional redemption provision contained in the terms of such series. Securities
so delivered or credited shall be received or credited by the Trustee at the sinking fund
redemption price specified in such Securities.

     On or before the sixtieth day next preceding each sinking fund payment date for any series,
the Issuer will deliver to the Trustee an Officer’s Certificate (a) specifying the portion of the
mandatory sinking fund payment to be satisfied by payment of cash and the portion to be satisfied
by credit of Securities of such series, (b) stating that none of the Securities of such series has
theretofore been so credited, (c) stating that no defaults in the payment of interest or Events of
Default with respect to such series have occurred (which have not been waived or cured) and are
continuing and (d) stating whether or not the Issuer intends to exercise its right to make an
optional sinking fund payment with respect to such series and, if so, specifying the amount of such
optional sinking fund payment which the Issuer intends to pay on or before the next succeeding
sinking fund payment date. Any Securities of such series to be credited and required to be
delivered to the Trustee in order for the Issuer to be entitled to credit therefor as aforesaid
which have not theretofore been delivered to the Trustee shall be delivered for cancellation
pursuant to Section 2.10 to the Trustee with such written statement (or reasonably promptly
thereafter if acceptable to the Trustee). Such Officer’s Certificate shall be irrevocable and upon
its receipt by the Trustee the Issuer shall become unconditionally obligated to make all the cash
payments or payments therein referred to, if any, on or before the next succeeding sinking fund
payment date. Failure of the Issuer, on or before any such sixtieth day, to deliver such written
statement and Securities specified in this paragraph, if any, shall not constitute a default but
shall constitute, on and as of such date, the irrevocable election of the Issuer (i) that the
mandatory sinking fund payment for such series due on the next succeeding sinking fund payment date
shall be paid entirely in cash without the option to deliver or credit Securities of such series in
respect thereof and (ii) that the Issuer will make no optional sinking fund payment with respect to
such series as provided in this Section.

     If the sinking fund payment or payments (mandatory or optional or both) to be made in cash on
the next succeeding sinking fund payment date plus any unused balance of any preceding sinking fund
payments made in cash shall exceed $50,000 (or a lesser sum if the Issuer shall so request in
writing) with respect to the Securities of any particular series, such cash shall be applied on the
next succeeding sinking fund payment date to the redemption of Securities of such series at the
sinking fund redemption price together with accrued interest to the date fixed for redemption. If
such amount shall be $50,000 or less and the Issuer makes no such request then it shall be carried
over until a sum in excess of $50,000 is available. The Trustee shall select, in the manner
provided in Section 11.02, for redemption on such sinking fund payment date a sufficient principal
amount of Securities of such series to absorb said cash, as nearly as may be, and shall (if
requested in writing by the Issuer) inform the Issuer of the serial numbers of the Securities of
such series (or portions thereof) so selected. Securities of any series which are identified in an
Officer’s Certificate at least 60 days prior to the sinking fund payment date as being beneficially
owned by, and not pledged or hypothecated by, the Issuer or an entity directly or indirectly
controlling or controlled by or under direct or indirect common control with the Issuer shall be
excluded from Securities of such series eligible for selection for redemption. The Issuer or the
Trustee, in the name and at the expense of the Issuer (if the Issuer shall so request the Trustee
in writing) shall cause notice of redemption of the Securities of such series to be given in the
manner provided in Section 11.02 (and with the effect provided in Section 11.03) for

49.

 

the redemption of Securities of such series in part at the option of the Issuer. The amount
of any sinking fund payments not so applied or allocated to the redemption of Securities of such
series shall be added to the next cash sinking fund payment for such series and, together with such
payment, shall be applied in accordance with the provisions of this Section. Any and all sinking
fund moneys held on the stated maturity date of the Securities of any particular series (or
earlier, if such maturity is accelerated), which are not held for the payment or redemption of
particular Securities of such series shall be applied, together with other moneys, if necessary,
sufficient for the purpose, to the payment of the principal of, and interest on, the Securities of
such series at maturity.

     At least one Business Day before each sinking fund payment date, the Issuer shall pay to the
Trustee in cash or shall otherwise provide for the payment of all interest accrued to the date
fixed for redemption on Securities to be redeemed on the next following sinking fund payment date.

     The Trustee shall not redeem or cause to be redeemed any Securities of a series with sinking
fund moneys or mail any notice of redemption of Securities for such series by operation of the
sinking fund during the continuance of a default in payment of interest on such Securities or of
any Event of Default if the Trustee has received written notice thereof at least three Business
Days prior to any payment hereunder except that, where the mailing of notice of redemption of any
Securities shall theretofore have been made, the Trustee shall redeem or cause to be redeemed such
Securities, provided that it shall have received from the Issuer a sum sufficient for such
redemption. Except as aforesaid, if the Trustee has received written notice of such default or
Event of Default at least three Business Days prior to any payment hereunder, any moneys in the
sinking fund for such series at the time when any such default or Event of Default shall occur, and
any moneys thereafter paid into the sinking fund, shall, during the continuance of such default or
Event of Default, be deemed to have been collected under Article 4 and held for the payment of all
such Securities. In case such Event of Default shall have been waived as provided in Section 4.10
or the default cured on or before the sixtieth day preceding the sinking fund payment date in any
year, such moneys shall thereafter be applied on the next succeeding sinking fund payment date in
accordance with this Section to the redemption of such Securities.

     Section 11.06. Conversion Arrangement On Call For Redemption. In connection with any
redemption of Securities, the Issuer shall deposit the amount due in connection with such
redemption as required by Section 11.02 or it may arrange for the purchase and conversion of any
Securities called for redemption by an agreement with one or more investment bankers or other
purchasers to purchase such Securities and to make the deposit required of it by Section 11.02 on
its behalf by paying to the Trustee or the Paying Agent in trust for the Securityholders, on or
before 10:00 a.m. New York time on the redemption date, an amount no less than the redemption
price, together with interest, if any, accrued to the redemption date of such Securities, in
immediately available funds. Notwithstanding anytime to the contrary contained in this Article 11,
the obligation of the Issuer to pay the redemption price of such Securities, including all accrued
interest, if any, shall be deemed to be satisfied and discharged to the extent such amount is so
paid by such purchasers. If such an agreement is entered into, any Securities not duly surrendered
for conversion by the holders thereof may, at the option of the Issuer, be deemed, to the fullest
extent permitted by law, acquired by such purchasers from such

50.

 

holders
and (notwithstanding anything to the contrary contained in Article 12) surrendered by such
purchasers for conversion, all as of immediately prior to the close of business on the last day on
which Securities of such series called for redemption may be converted in accordance with this
Indenture and the terms of such Securities, subject to payment of the above amount aforesaid. The
Trustee or the Paying Agent shall hold and pay to the Securityholders whose Securities are selected
for redemption any such amount paid to it in the same manner as it would moneys deposited with it
by the Issuer for the redemption of Securities. Without the Trustee’s and the Paying Agent’s prior
written consent, no arrangement between the Issuer and such purchasers for the purchase and
conversion of any Securities shall increase or otherwise affect any of the powers, duties,
responsibilities or obligations of the Trustee as set forth in this Indenture, and the Issuer
agrees to indemnify the Trustee from, and hold it harmless against, any loss, liability or expense
arising out of or in connection with any such arrangement for the purchase and conversion of any
Securities between the Issuer and such purchasers, including the costs and expenses incurred by the
Trustee and the Paying Agent in the defense of any claim or liability arising out of or in
connection with the exercise or performance of any of its powers, duties, responsibilities or
obligations under this Indenture.

ARTICLE 12

SUBORDINATION OF SECURITIES

     Section 12.01. Agreement Of Subordination. The Issuer covenants and agrees, and each holder
of Securities issued hereunder by his acceptance thereof likewise covenants and agrees, that all
Securities shall be issued subject to the provisions of this Article 12; and each Securityholder,
whether upon original issue or upon transfer or assignment thereof, accepts and agrees to be bound
by such provisions.

     The payment of the principal of, premium, if any, and interest on all Securities issued
hereunder shall, to the extent and in the manner hereinafter set forth, be subordinated and subject
in right of payment to the prior payment in full of all Senior Indebtedness, whether outstanding at
the date of this Indenture or thereafter incurred.

     No provision of this Article 12 shall prevent the occurrence of any default or Event of
Default hereunder.

     Section 12.02. Agreement Of Subordination. No payment shall be made with respect to the
principal of and all other amounts payable under the Securities (including, but not limited to, the
redemption price with respect to the Securities submitted for redemption in accordance with Section
11.02), except payments and distributions made by the Trustee as permitted by the first or second
paragraph of Section 12.05, if:

	 	(a)	 	a default in the payment of principal, premium, if any, interest, rent or other
obligations in respect of Senior Indebtedness occurs and is continuing (or, in the case
of Senior Indebtedness for which there is a period of grace, in the event of such a
default that continues beyond the period of grace, if any, specified in the instrument
or lease evidencing such Senior Indebtedness) (a “Payment Default”), unless and until
such Payment Default shall have been cured or waived or shall have ceased to exist; or

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	 	(b)	 	a default, other than a Payment Default, on any Designated Senior Indebtedness
occurs and is continuing that then permits holders of such Designated Senior
Indebtedness to accelerate its maturity and the Trustee receives a notice of the
default (a “Payment Blockage Notice”) from a holder of Designated Senior Indebtedness,
a representative of Designated Senior Indebtedness or the Issuer (a “Non-Payment
Default”).

     If the Trustee receives any Payment Blockage Notice pursuant to clause (b) above, no
subsequent Payment Blockage Notice shall be effective for purposes of this Section 12.02 unless and
until (A) at least 365 days shall have elapsed since the initial effectiveness of the immediately
prior Payment Blockage Notice and (B) all scheduled payments of principal on the Securities that
have come due have been paid in full in cash. No Non-Payment Default that existed or was
continuing on the date of delivery of any Payment Blockage Notice to the Trustee shall be, or be
made, the basis for a subsequent Payment Blockage Notice.

     The Issuer may and shall resume payments on and distributions in respect of the Securities
upon the earlier of:

	 	(i)	 	in the case of a Payment Default, the date upon which any such
Payment Default is cured or waived or ceases to exist, or
	 
	 	(ii)	 	in the case of a Non-Payment Default, the earlier of (A) the
date upon which such default is cured or waived or ceases to exist or (B) 179
days after the applicable Payment Blockage Notice is received if the maturity
of such Designated Senior Indebtedness has not been accelerated (or in the case
of any lease, 179 days after notice is received if the Issuer has not received
notice that the lessor under such lease has exercised its right to terminate
the lease or require the Issuer to make an irrevocable offer to terminate the
lease following an event of default thereunder),

unless this Article 12 otherwise prohibits the payment or distribution at the time of such payment
or distribution.

     Upon any payment by the Issuer, or distribution of assets of the Issuer of any kind or
character, whether in cash, property or securities, to creditors upon any dissolution or winding up
or liquidation or reorganization of the Issuer, whether voluntary or involuntary or in bankruptcy,
insolvency, receivership or other proceedings, all amounts due or to become due upon all Senior
Indebtedness shall first be paid in full in cash or other payment satisfactory to the holders of
such Senior Indebtedness, or payment thereof in accordance with its terms provided for in cash or
other payment satisfactory to the holders of such Senior Indebtedness before any payment is made on
account of the principal or any other amounts payable in respect of the Securities (except payments
made pursuant to Article 9 from monies deposited with the Trustee pursuant thereto prior to
commencement of proceedings for such dissolution, winding up, liquidation or reorganization); and
upon any such dissolution or winding up or liquidation or reorganization of the Issuer or
bankruptcy, insolvency, receivership or other proceeding, any payment by the Issuer, or
distribution of assets of the Issuer of any kind or character, whether in cash, property or
securities, to which the holders of the Securities or the Trustee would be entitled, except for the

52.

 

provisions of this Article 12, shall (except as aforesaid) be paid by the Issuer or by any
receiver, trustee in bankruptcy, liquidating trustee, agent or other Person making such payment or
distribution, or by the holders of the Securities or by the Trustee under this Indenture if
received by them or it, directly to the holders of Senior Indebtedness (pro rata to such holders on
the basis of the respective amounts of Senior Indebtedness held by such holders, or as otherwise
required by law or a court order) or their representative or representatives, or to the trustee or
trustees under any indenture pursuant to which any instruments evidencing any Senior Indebtedness
may have been issued, as their respective interests may appear, to the extent necessary to pay all
Senior Indebtedness in full, in cash or other payment satisfactory to the holders of such Senior
Indebtedness, after giving effect to any concurrent payment or distribution to or for the holders
of Senior Indebtedness, before any payment or distribution is made to the holders of the Securities
or to the Trustee.

     For purposes of this Article 12, the words, “cash, property or securities” shall not be deemed
to include shares of stock of the Issuer as reorganized or readjusted, or securities of the Issuer
or any other corporation provided for by a plan of reorganization or readjustment, the payment of
which is subordinated at least to the extent provided in this Article 12 with respect to the
Securities to the payment of all Senior Indebtedness which may at the time be outstanding; provided
that (i) the Senior Indebtedness is assumed by the new corporation, if any, resulting from any
reorganization or readjustment, and (ii) the rights of the holders of Senior Indebtedness (other
than leases which are not assumed by the Issuer or the new corporation, as the case may be) are
not, without the consent of such holders, altered by such reorganization or readjustment. The
consolidation of the Issuer with, or the merger of the Issuer into, another corporation or the
liquidation or dissolution of the Issuer following the conveyance or transfer of its property as an
entirety, or substantially as an entirety, to another corporation upon the terms and conditions
provided for in Article 8 shall not be deemed a dissolution, winding-up, liquidation or
reorganization for the purposes of this Section 12.02 if such other corporation shall, as a part of
such consolidation, merger, conveyance or transfer, comply with the conditions stated in Article 8.

     In the event of the acceleration of the Securities because of an Event of Default, no payment
or distribution shall be made to the Trustee or any holder of Securities in respect of the
principal or any other amounts payable in respect of the Securities (including, but not limited to,
the redemption price with respect to the Securities submitted for redemption in accordance with
Section 11.02), except payments and distributions made by the Trustee as permitted by the first or
second paragraph of Section 12.05, until all Senior Indebtedness has been paid in full in cash or
other payment satisfactory to the holders of Senior Indebtedness or such acceleration is rescinded
in accordance with the terms of this Indenture. If payment of the Securities is accelerated
because of an Event of Default, the Issuer shall promptly notify holders of Senior Indebtedness of
the acceleration.

     In the event that, notwithstanding the foregoing provisions, any payment or distribution of
assets of the Issuer of any kind or character, whether in cash, property or securities (including,
without limitation, by way of setoff or otherwise), prohibited by the foregoing provisions in this
Section 12.02, shall be received by the Trustee or the holders of the Securities before all Senior
Indebtedness is paid in full in cash or other payment satisfactory to the holders of such Senior
Indebtedness, or provision is made for such payment thereof in accordance with its terms in cash

53.

 

or other payment satisfactory to the holders of such Senior Indebtedness, such payment or
distribution shall be held in trust for the benefit of and shall be paid over or delivered to the
holders of Senior Indebtedness or their representative or representatives, or to the trustee or
trustees under any indenture pursuant to which any instruments evidencing any Senior Indebtedness
may have been issued, as their respective interests may appear, as calculated by the Issuer, for
application to the payment of any Senior Indebtedness remaining unpaid to the extent necessary to
pay all Senior Indebtedness in full in cash or other payment satisfactory to the holders of such
Senior Indebtedness, after giving effect to any concurrent payment or distribution to or for the
holders of such Senior Indebtedness.

     Nothing in this Section 12.02 shall apply to claims of, or payments to, the Trustee under or
pursuant to . This Section 12.02 shall be subject to the further provisions of Section 12.05.

     Section 12.03. Subrogation Of Securities. Subject to the payment in full of all Senior
Indebtedness, the rights of the holders of the Securities shall be subrogated to the rights of the
holders of Senior Indebtedness to receive payments or distributions of cash, property or securities
of the Issuer applicable to the Senior Indebtedness until the principal of (and premium, if any)
and interest on the Securities shall be paid in full; and, for the purposes of such subrogation, no
payments or distributions to the holders of the Senior Indebtedness of any cash, property or
securities to which the holders of the Securities or the Trustee would be entitled except for the
provisions of this Article 12, and no payment over pursuant to the provisions of this Article 12,
to or for the benefit of the holders of Senior Indebtedness by holders of the Securities or the
Trustee, shall, as between the Issuer, its creditors other than holders of Senior Indebtedness, and
the holders of the Securities, be deemed to be a payment by the Issuer to or on account of the
Senior Indebtedness. It is understood that the provisions of this Article 12 are and are intended
solely for the purpose of defining the relative rights of the holders of the Securities, on the one
hand, and the holders of the Senior Indebtedness, on the other hand.

     Nothing contained in this Article 12 or elsewhere in this Indenture or in the Securities is
intended to or shall impair, as between the Issuer, its creditors other than the holders of Senior
Indebtedness, and the holders of the Securities, the obligation of the Issuer, which is absolute
and unconditional, to pay to the holders of the Securities the principal of (and premium, if any)
and interest on the Securities as and when the same shall become due and payable in accordance with
their terms, or is intended to or shall affect the relative rights of the holders of the Securities
and creditors of the Issuer other than the holders of the Senior Indebtedness, nor shall anything
herein or therein prevent the Trustee or the holder of any Security from exercising all remedies
otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if
any, under this Article 12 of the holders of Senior Indebtedness in respect of cash, property or
securities of the Issuer received upon the exercise of any such remedy.

     Upon any payment or distribution of assets of the Issuer referred to in this Article 12, the
Trustee, subject to the provisions of Section 5.01, and the holders of the Securities shall be
entitled to rely upon any order or decree made by any court of competent jurisdiction in which such
dissolution, winding-up, liquidation or reorganization proceedings are pending, or a certificate of
the receiver, trustee in bankruptcy, liquidating trustee, agent or other Person making such payment
or distribution, delivered to the Trustee or to the holders of the Securities, for the purpose of
ascertaining the Persons entitled to participate in such distribution, the holders of the

54.

 

Senior Indebtedness and other indebtedness of the Issuer, the amount thereof or payable
thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or
to this Article 12.

     Section 12.04. Authorization By Securityholders. Each holder of a Security by his acceptance
thereof authorizes and directs the Trustee in his behalf to take such action as may be necessary or
appropriate to effectuate the subordination provided in this Article 12 and appoints the Trustee
his attorney-in-fact for any and all such purposes.

     Section 12.05. Notice To Trustee. The Issuer shall give promptly written notice to a
Responsible Officer of the Trustee of any fact known to the Issuer which would prohibit the making
of any payment of monies to or by the Trustee in respect of the Securities pursuant to the
provisions of this Article 12. Notwithstanding the provisions of this Article 12 or any other
provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of
any facts which would prohibit the making of any payment of monies to or by the Trustee in respect
of the Securities pursuant to the provisions of this Article 12, unless and until a Responsible
Officer of the Trustee shall have received written notice thereof at the Corporate Trust Office of
the Trustee from the Issuer or a holder or holders of Senior Indebtedness or from any trustee
therefor; and before the receipt of any such written notice, the Trustee, subject to the provisions
of Section 5.01, shall be entitled in all respects to assume that no such facts exist; provided
that if on a date not fewer than three Business Days prior to the date upon which by the terms
hereof any such monies may become payable for any purpose (including, without limitation, the
payment of the principal of (or premium, if any) or interest on any Security) the Trustee shall not
have received, with respect to such monies, the notice provided for in this Section 12.05, then,
anything herein contained to the contrary notwithstanding, the Trustee shall have full power and
authority to receive such monies and to apply the same to the purpose for which they were received,
and shall not be affected by any notice to the contrary which may be received by it on or after
such prior date.

     Notwithstanding anything to the contrary hereinbefore set forth, nothing shall prevent any
payment by the Issuer or the Trustee to the Securityholders of monies in connection with a
redemption of Securities if (i) notice of such redemption has been given pursuant to Article 11 or
Section 9.01 hereof prior to the receipt by the Trustee of written notice as aforesaid, and (ii)
such notice of redemption is given not earlier than 60 days before the redemption date.

     The Trustee conclusively shall be entitled to rely on the delivery to it of a written notice
by a Person representing himself to be a holder of Senior Indebtedness (or a trustee on behalf of
such holder) to establish that such notice has been given by a holder of Senior Indebtedness or a
trustee on behalf of any such holder or holders. In the event that the Trustee determines in good
faith that further evidence is required with respect to the right of any Person as a holder of
Senior Indebtedness to participate in any payment or distribution pursuant to this Article 12, the
Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee
as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is
entitled to participate in such payment or distribution and any other facts pertinent to the rights
of such Person under this Article 12, and if such evidence is not furnished the Trustee may defer
any payment to such Person pending judicial determination as to the right of such Person to receive
such payment.

55.

 

     Section 12.06. Trustee’s Relation To Senior Indebtedness. The Trustee in its individual
capacity shall be entitled to all the rights set forth in this Article 12 in respect of any Senior
Indebtedness at any time held by it, to the same extent as any other holder of Senior Indebtedness
and nothing elsewhere in this Indenture shall deprive the Trustee of any of its rights as such
holder.

     With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to
observe only such of its covenants and obligations as are specifically set forth in this Article
12, and no implied covenants or obligations with respect to the holders of Senior Indebtedness
shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any
fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any
holder of Senior Indebtedness if it shall pay over or deliver to holders of Securities, the Issuer
or any other Person money or assets to which any holder of Senior Indebtedness shall be entitled by
virtue of this Article 12 or otherwise.

     Section 12.07. No Impairment Of Subordination. No right of any present or future holder of
any Senior Indebtedness to enforce subordination as herein provided shall at any time in any way be
prejudiced or impaired by any act or failure to act on the part of the Issuer or by any act or
failure to act, in good faith, by any such holder, or by any noncompliance by the Issuer with the
terms, provisions and covenants of this Indenture, regardless of any knowledge thereof which any
such holder may have or otherwise be charge with.

     Senior Indebtedness may be created, renewed, refinanced, replaced, deferred, refunded,
amended, modified, supplemented or extended and holders of Senior Indebtedness may exercise any
rights under any instrument creating or evidencing such Senior Indebtedness, including, without
limitation, any waiver of default thereunder, without any notice to or consent from the holders of
the Securities or any coupon or the Trustee. No compromise, alteration, amendment, modification,
extension, renewal or other change of or waiver, consent or other action in respect of, any
liability or obligation under or in respect of the Senior Indebtedness or any terms or conditions
of any instrument creating or evidencing such Senior Indebtedness shall in any way alter or affect
any of the provisions of this Article 12 or the subordination of the Securities and coupons
provided thereby.

     Section 12.08. Rights Of Trustee. Nothing in this Article 12 shall apply to claims of or
payments to, the Trustee pursuant to Section 5.06 or 9.04.

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     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals to be hereunto affixed and attested, all as of the first date
written above.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	PLANETOUT INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 
	 	 	 	 	 	 	Name:	 	 
	 	 	 	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	[CORPORATE SEAL]	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Attest:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	[TRUSTEE]	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 
	[CORPORATE SEAL]	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Attest:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 

57.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]