Document:

Form of Medium-Term Notes, Series K, Principal at Risk Securities

 Exhibit 4.2 

[Face of Note] 

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as requested by an authorized representative
of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein. 
  

	 CUSIP NO. 94986RE64 
	
FACE AMOUNT: $                   
          

 REGISTERED NO.      

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Principal at Risk Securities Linked to the S&P 500® Index 

WELLS FARGO & COMPANY, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, an amount equal to the Cash
Settlement Amount (as defined below), in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, on the Stated Maturity Date. The “Stated Maturity
Date” shall be February 7, 2018. If the Determination Date (as defined below) is postponed, the Stated Maturity Date will be postponed to the third Business Day (as defined below) after the Determination Date as postponed. This
Security shall not bear any interest. 
 Any payments on this Security at Maturity will be made against presentation of this
Security at the office or agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company for such purpose. 

“Face Amount” shall mean, when used with respect to this Security, the amount set forth on the face of this
Security as its “Face Amount.” 

 Determination of Cash Settlement Amount and Certain Definitions 

The “Cash Settlement Amount” of this Security will equal: 

 

	 	•	 	 if the Final Underlier Level is greater than or equal to the Cap Level, the Maximum Settlement Amount; 

 

	 	•	 	 if the Final Underlier Level is greater than the Initial Underlier Level but less than the Cap Level, the sum of (i) the Face Amount plus
(ii) the product of (a) the Face Amount times (b) the Upside Participation Rate times (c) the Underlier Return; 

  

	 	•	 	 if the Final Underlier Level is equal to or less than the Initial Underlier Level but greater than or equal to the Buffer Level, the Face Amount;
or 

  

	 	•	 	 if the Final Underlier Level is less than the Buffer Level, the sum of (i) the Face Amount plus (ii) the product of (a) the Buffer
Rate times (b) the sum of the Underlier Return plus the Buffer Amount times (c) the Face Amount. 

 All
calculations with respect to the Cash Settlement Amount will be rounded to the nearest one hundred-thousandth, with five one-millionths rounded upward (e.g., 0.000005 would be rounded to 0.00001); and the Cash Settlement Amount will be rounded
to the nearest cent, with one-half cent rounded upward. 
 The “Underlier” shall mean the S&P 500® Index. 
 The “Trade Date” shall mean
February 2, 2016. 
 The “Initial Underlier Level” is 1,903.03, the Closing Level of the Underlier on
the Trade Date. 
 The “Closing Level” of the Underlier on any Trading Day means the official closing level
of the Underlier reported by the Underlier Sponsor on such Trading Day, as obtained by the Calculation Agent on such Trading Day from the licensed third-party market data vendor contracted by the Calculation Agent at such time; in particular, taking
into account the decimal precision and/or rounding convention employed by such licensed third-party market data vendor on such date, subject to the provisions set forth below under “Discontinuance of The Underlier; Alteration of Method of
Calculation” and “Market Disruption Events.” 
 The “Final Underlier Level” will be the
Closing Level of the Underlier on the Determination Date. 
 The “Underlier Return” will be the quotient of
(i) the Final Underlier Level minus the Initial Underlier Level divided by (ii) the Initial Underlier Level, expressed as a percentage. 

The “Cap Level” is 2,157.084505, which is 113.35% of the Initial Underlier Level. 

The “Buffer Level” is 1,522.424, which is equal to 80% of the Initial Underlier Level. 

  
 2 

 The “Maximum Settlement Amount” is 117.355% of the Face Amount
of this Security. 
 The “Buffer Amount” is 20%. 

The “Buffer Rate” is equal to the Initial Underlier Level divided by the Buffer Level. 

The “Upside Participation Rate” is 1.3. 

“Underlier Sponsor” shall mean S&P Dow Jones Indices LLC. 

“Business Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day
on which banking institutions are authorized or required by law or regulation to close in New York, New York. 
 A
“Trading Day” means a day, as determined by the Calculation Agent, on which (i) the Relevant Stock Exchanges with respect to each security underlying the Underlier are scheduled to be open for trading for their respective
regular trading sessions and (ii) each Related Futures or Options Exchange is scheduled to be open for trading for its regular trading session. 

The “Related Futures or Options Exchange” for the Underlier means an exchange or quotation system where
trading has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to the Underlier. 

The “Relevant Stock Exchange” for any security underlying the Underlier means the primary exchange or
quotation system on which such security is traded, as determined by the Calculation Agent. 
 The “Determination
Date” shall be February 2, 2018. If the originally scheduled Determination Date is not a Trading Day, the Determination Date will be postponed to the next succeeding Trading Day. The Determination Date is also subject to postponement
due to the occurrence of a Market Disruption Event (as defined below). See “–Market Disruption Events.” 

“Calculation Agent Agreement” shall mean the Calculation Agent Agreement dated as of March 18, 2015
between the Company and the Calculation Agent, as amended from time to time. 
 “Calculation Agent” shall
mean the Person that has entered into the Calculation Agent Agreement with the Company providing for, among other things, the determination of the Final Underlier Level and the Cash Settlement Amount, which term shall, unless the context otherwise
requires, include its successors under such Calculation Agent Agreement. The initial Calculation Agent shall be Wells Fargo Securities, LLC. Pursuant to the Calculation Agent Agreement, the Company may appoint a different Calculation Agent from time
to time after the initial issuance of this Security without the consent of the Holder of this Security and without notifying the Holder of this Security. 

  
 3 

 Discontinuance Of The Underlier; Alteration Of Method Of Calculation 

If the Underlier Sponsor discontinues publication of the Underlier, and the Underlier Sponsor or another entity publishes a
successor or substitute equity index that the Calculation Agent determines, in its sole discretion, to be comparable to the Underlier (a “Successor Underlier”), then, upon the Calculation Agent’s notification of that
determination to the Trustee and the Company, the Calculation Agent will substitute the Successor Underlier as calculated by the relevant Underlier Sponsor or any other entity and calculate the Final Underlier Level as described above. Upon any
selection by the Calculation Agent of a Successor Underlier, the Company will cause notice to be given to the Holder of this Security. 

In the event that the Underlier Sponsor discontinues publication of the Underlier prior to, and the discontinuance is
continuing on, the Determination Date and the Calculation Agent determines that no Successor Underlier is available at such time, the Calculation Agent will calculate a substitute Closing Level for the Underlier in accordance with the formula for
and method of calculating the Underlier last in effect prior to the discontinuance, but using only those securities that comprised the Underlier immediately prior to that discontinuance. If a Successor Underlier is selected or the Calculation Agent
calculates a level as a substitute for the Underlier, the Successor Underlier or level will be used as a substitute for the Underlier for all purposes, including the purpose of determining whether a Market Disruption Event exists. 

If on the Determination Date the Underlier Sponsor fails to calculate and announce the level of the Underlier, the Calculation
Agent will calculate a substitute Closing Level of the Underlier in accordance with the formula for and method of calculating the Underlier last in effect prior to the failure, but using only those securities that comprised the Underlier immediately
prior to that failure; provided that, if a Market Disruption Event occurs or is continuing on such day, then the provisions set forth below under “Market Disruption Events” shall apply in lieu of the foregoing. 

If at any time the Underlier Sponsor makes a material change in the formula for or the method of calculating the Underlier, or
in any other way materially modifies the Underlier (other than a modification prescribed in that formula or method to maintain the Underlier in the event of changes in constituent stock and capitalization and other routine events), then, from and
after that time, the Calculation Agent will, at the close of business in New York, New York, on each date that the Closing Level of the Underlier is to be calculated, calculate a substitute Closing Level of the Underlier in accordance with the
formula for and method of calculating the Underlier last in effect prior to the change, but using only those securities that comprised the Underlier immediately prior to that change. Accordingly, if the method of calculating the Underlier is
modified so that the level of the Underlier is a fraction or a multiple of what it would have been if it had not been modified, then the Calculation Agent will adjust the Underlier in order to arrive at a level of the Underlier as if it had not been
modified. 

  
 4 

 Market Disruption Events 

A “Market Disruption Event” means any of the following events as determined by the Calculation Agent in its
sole discretion: 
  

	 	(A)	 The occurrence or existence of a material suspension of or limitation imposed on trading by the Relevant Stock Exchanges or otherwise relating to
securities which then comprise 20% or more of the level of the Underlier or any Successor Underlier at any time during the one-hour period that ends at the Close of Trading on that day, whether by reason of movements in price exceeding limits
permitted by those Relevant Stock Exchanges or otherwise. 

  

	 	(B)	 The occurrence or existence of a material suspension of or limitation imposed on trading by any Related Futures or Options Exchange or otherwise in
futures or options contracts relating to the Underlier or any Successor Underlier on any Related Futures or Options Exchange at any time during the one-hour period that ends at the Close of Trading on that day, whether by reason of movements in
price exceeding limits permitted by the Related Futures or Options Exchange or otherwise. 

  

	 	(C)	 The occurrence or existence of any event, other than an early closure, that materially disrupts or impairs the ability of market participants in
general to effect transactions in, or obtain market values for, securities that then comprise 20% or more of the level of the Underlier or any Successor Underlier on their Relevant Stock Exchanges at any time during the one-hour period that ends at
the Close of Trading on that day. 

  

	 	(D)	 The occurrence or existence of any event, other than an early closure, that materially disrupts or impairs the ability of market participants in
general to effect transactions in, or obtain market values for, futures or options contracts relating to the Underlier or any Successor Underlier on any Related Futures or Options Exchange at any time during the one-hour period that ends at the
Close of Trading on that day. 

  

	 	(E)	 The closure on any Exchange Business Day of the Relevant Stock Exchanges on which securities that then comprise 20% or more of the level of the
Underlier or any Successor Underlier are traded or any Related Futures or Options Exchange prior to its Scheduled Closing Time unless the earlier closing time is announced by the Relevant Stock Exchange or Related Futures or Options Exchange, as
applicable, at least one hour prior to the earlier of (1) the actual closing time for the regular trading session on such Relevant Stock Exchange or Related Futures or Options Exchange, as applicable, and (2) the submission deadline for
orders to be entered into the Relevant Stock Exchange or Related Futures or Options Exchange, as applicable, system for execution at such actual closing time on that day. 

  
 5 

	 	(F)	 The Relevant Stock Exchange for any security underlying the Underlier or Successor Underlier or any Related Futures or Options Exchange fails to
open for trading during its regular trading session. 

 For purposes of determining whether a Market
Disruption Event has occurred: 
  

	 	(1)	 the relevant percentage contribution of a security to the level of the Underlier or any Successor Underlier will be based on a comparison of
(x) the portion of the level of such underlier attributable to that security and (y) the overall level of the Underlier or Successor Underlier, in each case immediately before the occurrence of the Market Disruption Event;

  

	 	(2)	 the “Close of Trading” on any Trading Day for the Underlier or any Successor Underlier means the Scheduled Closing Time of the
Relevant Stock Exchanges with respect to the securities underlying the Underlier or Successor Underlier on such Trading Day; provided that, if the actual closing time of the regular trading session of any such Relevant Stock Exchange is
earlier than its Scheduled Closing Time on such Trading Day, then (x) for purposes of clauses (A) and (C) of the definition of “Market Disruption Event” above, with respect to any security underlying the Underlier or
Successor Underlier for which such Relevant Stock Exchange is its Relevant Stock Exchange, the “Close of Trading” means such actual closing time and (y) for purposes of clauses (B) and (D) of the definition of “Market
Disruption Event” above, with respect to any futures or options contract relating to the Underlier or Successor Underlier, the “close of trading” means the latest actual closing time of the regular trading session of any of the
Relevant Stock Exchanges, but in no event later than the Scheduled Closing Time of the Relevant Stock Exchanges; 

  

	 	(3)	 the “Scheduled Closing Time” of any Relevant Stock Exchange or Related Futures or Options Exchange on any Trading Day for the
Underlier or any Successor Underlier means the scheduled weekday closing time of such Relevant Stock Exchange or Related Futures or Options Exchange on such Trading Day, without regard to after hours or any other trading outside the regular trading
session hours; and 

  

	 	(4)	 an “Exchange Business Day” means any Trading Day for the Underlier or any Successor Underlier on which each Relevant Stock
Exchange for the securities underlying the Underlier or any Successor Underlier and each Related Futures or Options Exchange are open for trading during their respective regular trading sessions, notwithstanding any such Relevant Stock Exchange or
Related Futures or Options Exchange closing prior to its Scheduled Closing Time. 

 If a Market Disruption Event occurs or
is continuing on the Determination Date, then the Determination Date will be postponed to the first succeeding Trading Day on which a Market Disruption Event has not occurred and is not continuing; however, if such first succeeding Trading Day has
not occurred as of the eighth Trading Day after the originally scheduled Determination Date, that eighth Trading Day shall be deemed to be the Determination Date. If 

  
 6 

 
the Determination Date has been postponed eight Trading Days after the originally scheduled Determination Date and a Market Disruption Event occurs or is continuing on such eighth Trading Day,
the Calculation Agent will determine the Closing Level of the Underlier on such eighth Trading Day in accordance with the formula for and method of calculating the Closing Level of the Underlier last in effect prior to commencement of the Market
Disruption Event, using the closing price (or, with respect to any relevant security, if a Market Disruption Event has occurred with respect to such security, its good faith estimate of the value of such security at the Scheduled Closing Time of the
Relevant Stock Exchange for such security or, if earlier, the actual closing time of the regular trading session of such Relevant Stock Exchange) on such date of each security included in the Underlier. As used herein, “closing price”
means, with respect to any security on any date, the Relevant Stock Exchange traded or quoted price of such security as of the Scheduled Closing Time of the Relevant Stock Exchange for such security or, if earlier, the actual closing time of the
regular trading session of such Relevant Stock Exchange. 
 Calculation Agent 

The Calculation Agent will determine the Cash Settlement Amount and the Final Underlier Level. In addition, the Calculation
Agent will (i) determine if adjustments are required to the Closing Level of the Underlier under the circumstances described in this Security, (ii) if publication of the Underlier is discontinued, select a Successor Underlier or, if no
Successor Underlier is available, determine the Closing Level of the Underlier under the circumstances described in this Security, and (iii) determine whether a Market Disruption Event or non-Trading Day has occurred. 

The Company covenants that, so long as this Security is Outstanding, there shall at all times be a Calculation Agent (which
shall be a broker-dealer, bank or other financial institution) with respect to this Security. 

All determinations made by the Calculation Agent with respect to this Security will be at the sole discretion of the
Calculation Agent and, in the absence of manifest error, will be conclusive for all purposes and binding on the Company and the Holder of this Security. 

Tax Considerations 

The Company agrees, and by acceptance of a beneficial ownership interest in this Security each Holder of this Security will be
deemed to have agreed (in the absence of a statutory, regulatory, administrative or judicial ruling to the contrary), for United States federal income tax purposes to characterize this Security as a prepaid derivative contract that is an “open
transaction.” 
 Redemption and Repayment 

This Security is not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior
to February 7, 2018. This Security is not entitled to any sinking fund. 

  
 7 

 Acceleration 

If an Event of Default, as defined in the Indenture, with respect to this Security shall occur and be continuing, the Cash
Settlement Amount (calculated as set forth in the next sentence) of this Security may be declared due and payable in the manner and with the effect provided in the Indenture. The amount payable to the Holder hereof upon any acceleration permitted
under the Indenture will be equal to the Cash Settlement Amount hereof calculated as provided herein as though the date of acceleration was the Determination Date. 
  

 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions
shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication
hereon has been executed by the Trustee referred to on the reverse hereof by manual signature or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose. 
 [The remainder of this page has been left intentionally blank] 

  
 8 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed
under its corporate seal. 
 DATED: 
  

					
	WELLS FARGO & COMPANY
		
	By:	 	 
			
		 	Its:	 	 

 [SEAL] 
  

					
	Attest:	 	 
			
		 	Its:	 	 

  

			
	 TRUSTEE’S CERTIFICATE OF

AUTHENTICATION
 This is one of the Securities of the

series designated therein described
 in the within-mentioned Indenture.

	
	 CITIBANK, N.A.,

      as Trustee

		
	By:	 	 
		 	Authorized Signature
	
	OR
	
	 WELLS FARGO BANK, N.A.,

  as Authenticating Agent for the Trustee

		
	By:	 	 
		 	Authorized Signature

  
 9 

 [Reverse of Note] 

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Principal at Risk Securities Linked to the S&P 500® Index 

This Security is one of a duly authorized issue of securities of the Company (herein called the
“Securities”), issued and to be issued in one or more series under an indenture dated as of July 21, 1999, as amended or supplemented from time to time (herein called the “Indenture”), between the Company and
Citibank, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series of the Securities designated as Medium-Term Notes, Series K, of the Company, which series is limited to an aggregate principal amount or face amount, as applicable, of $25,000,000,000 or the equivalent thereof in one or more
foreign or composite currencies. The amount payable on the Securities of this series may be determined by reference to the performance of one or more equity-, commodity- or currency-based indices, exchange traded funds, securities, commodities,
currencies, statistical measures of economic or financial performance, or a basket comprised of two or more of the foregoing, or any other market measure or may bear interest at a fixed rate or a floating rate. The Securities of this series may
mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different times or not at all and be denominated in different currencies. 

Article Sixteen of the Indenture shall not apply to this Security. 

The Securities are issuable only in registered form without coupons and will be either
(a) book-entry securities represented by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated
securities issued to and registered in the names of, the beneficial owners or their nominees. 
 The Company agrees, to the
extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of interest against a Holder of this Security. 

Modification and Waivers 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the
Securities at the time Outstanding of all series to be affected, acting together as a class. The Indenture also contains 

  
 10 

 
provisions permitting the Holders of a majority in principal amount of the Securities of all series at the time Outstanding affected by certain provisions of the Indenture, acting together as a
class, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with those provisions of the Indenture. Certain past defaults under the Indenture and their consequences may be waived under the Indenture by the
Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series. Solely for the purpose of determining whether any consent, waiver, notice or other action
or Act to be taken or given by the Holders of Securities pursuant to the Indenture has been given or taken by the Holders of Outstanding Securities in the requisite aggregate principal amount, the principal amount of this Security will be deemed to
be equal to the amount set forth on the face hereof as the “Face Amount” hereof. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of
any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

Defeasance 

Section 403 and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the
Indenture, relating to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants and certain Events of Default, upon compliance by the Company with certain conditions set forth therein,
shall not apply to this Security. The remaining provisions of Section 401 of the Indenture shall apply to this Security. 
 Authorized
Denominations 
 This Security is issuable only in registered form without coupons in denominations of $1,000 or any
amount in excess thereof which is an integral multiple of $1,000. 
 Registration of Transfer 

Upon due presentment for registration of transfer of this Security at the office or agency of the Company in the City of
Minneapolis, Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for an equal aggregate Face Amount will be issued to the transferee in exchange herefor, as provided in the
Indenture and subject to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental charge imposed in connection therewith. 

This Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the
Company that it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not
appointed within 90 days after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines that this Security shall be exchangeable for definitive Securities in registered form
and notifies the Trustee thereof or (z) an Event of Default with respect to the Securities represented hereby has occurred and is continuing. If this Security is exchangeable pursuant to the preceding sentence, it shall be exchangeable for
definitive Securities in registered 

  
 11 

 
form, having the same date of issuance, Stated Maturity Date and other terms and of authorized denominations aggregating a like amount. 

This Security may not be transferred except as a whole by the Depositary to a 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 of the Depositary or a nominee of such successor. Except as provided above, owners of beneficial interests in this Global
Security will not be entitled to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under the Indenture. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 Obligation of the Company Absolute 

No reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay the Cash Settlement Amount at the times, place and rate, and in the coin or currency, herein prescribed, except as otherwise provided in this Security. 

No Personal Recourse 

No recourse shall be had for the payment of the Cash Settlement Amount, or for any claim based hereon, or otherwise in respect
hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, whether by virtue of
any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released.

 Defined Terms 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture
unless otherwise defined in this Security. 
 Governing Law 

This Security shall be governed by and construed in accordance with the law of the State of New York, without regard to
principles of conflicts of laws. 

  
 12 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they
were written out in full according to applicable laws or regulations: 
  

					
	 TEN COM
	 	  -- 
	 	 as tenants in common

			
	 TEN ENT
	 	  -- 
	 	 as tenants by the entireties

			
	 JT TEN
	 	  -- 
	 	 as joint tenants with right

of survivorship and not
 as
tenants in common

  

									
	 UNIF GIFT MIN ACT
	 	  -- 
	 	 	 	 Custodian
	 	 
		 		 	(Cust)	 		 	(Minor)

  

	
	Under Uniform Gifts to Minors Act
	
	   

	(State)

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 

 

	
	 Please Insert Social Security or
 Other
Identifying Number of Assignee

	
	   

  
  

 
  
  

 
 (PLEASE
PRINT OR TYPE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE)

  
 13 

 the within Security of WELLS FARGO & COMPANY and does hereby irrevocably constitute and
appoint                                      attorney to
transfer the said Security on the books of the Company, with full power of substitution in the premises. 
 Dated:
                                         
        
  

	
	   

  

	
	   

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the
within instrument in every particular, without alteration or enlargement or any change whatever. 

  
 14Exhibit 4.6

	ANNALY CAPITAL
      MANAGEMENT, INC.,
	Issuer
	 
	to
	 
	WELLS FARGO BANK,
      NATIONAL ASSOCIATION,
	Trustee
	 
	_________________________
	 
	INDENTURE
	_________________________
	 
	Dated as of • 201_
	 
	Debt
      Securities

	  

CROSS-REFERENCE TABLE*

	Trust Indenture Act Section	     	Indenture Section
	310(a)(1)		607
	     	(a)(2)		607
		(a)(3)	 	N.A.
		(a)(4)		N.A.
		(a)(5)		607
		(b)		608
		(c)		N.A.
	311(a)		604
		(b)		604
		(c)		N.A.
	312(a)		701, 702
	 	(b)		702
		(c)		702
	313(a)		703
		(b)		1601
		(c)		703
		(d)		703
	314(a)		704,
      1007
		(b)		N.A.
		(c)(1)		102
		(c)(2)		102
		(c)(3)		N.A.
		(d)		N.A.
		(e)		101
		(f)		N.A.
	315(a)		601
		(b)		602
		(c)		503
		(d)		601
		(e)		515
	316(a)(1)(A)		502, 512
		(a)(1)(B)		513
		(a)(2)		N.A.
		(b)		508
		(c)		N.A.
	317(a)(1)		503
		(a)(2)		504
		(b)		1003
	318(a)		108

____________________

N.A. means not
applicable.
* This Cross-Reference
Table is not part of the Indenture. 

TABLE OF CONTENTS

		     		     	Page
	ARTICLE
    ONE
	 
	DEFINITIONS AND
      OTHER PROVISIONS OF GENERAL APPLICATION
	 
	Section 101.		Definitions		2
	 				
	Section
      102.		Compliance
      Certificates and Opinions		11
	 				
	Section
      103.		Form of Documents
      Delivered to Trustee		11
	 				
	Section
      104.		Acts of
      Holders		12
	 				
	Section
      105.		Notices, etc., to
      Trustee and Company		14
	 				
	Section
      106.		Notice to Holders
      of Securities; Waiver		14
	 				
	Section
      107.		Language of
      Notices	 	15
	 				
	Section
      108.		Conflict with
      Trust Indenture Act		15
	 				
	Section
      109.		Effect of
      Headings and Table of Contents		15
	 				
	Section
      110.		Successors and
      Assigns		15
	  				
	Section
      111.		Separability
      Clause		16
	 				
	Section
      112.		Benefits of
      Indenture		16
	 				
	Section
      113.		Governing Law;
      Waiver of Jury Trial; Consent to Jurisdiction and Service		16
	 				
	Section
      114.		Legal
      Holidays		17
	 				
	Section
      115.		Counterparts		17
	 				
	Section
      116.		Judgment
      Currency		17
	 				
	Section
      117.		Extension of
      Payment Dates		18
	 				
	Section
      118.		Immunity of
      Shareholders, Directors, Officers and Agents of the		
			Company		18
	 				
	Section
      119.		Force
      Majeure		19
	 				
	Section
      120.		U.S.A. Patriot
      Act		19

i

ARTICLE TWO 

SECURITIES FORMS 

	Section
      201.	     	Forms
      Generally	     	19
	 				
	Section
      202.		Form of Trustee’s
      Certificate of Authentication		20
	 				
	Section
      203.		Securities in
      Global Form		20
	 
	ARTICLE
      THREE
	 
	THE
      SECURITIES
	 
	Section
      301.		Amount Unlimited;
      Issuable in Series		21
	 				
	Section
      302.		Currency;
      Denominations		25
	 				
	Section
      303.		Execution,
      Authentication, Delivery and Dating		25
	 				
	Section
      304.		Temporary
      Securities		27
	 				
	Section
      305.		Registration,
      Transfer and Exchange		28
	 				
	Section
      306.		Mutilated,
      Destroyed, Lost and Stolen Securities		32
	 				
	Section
      307.		Payment of
      Interest and Certain Additional Amounts; Rights to Interest		
			and Certain
      Additional Amounts Preserved		33
	 				
	Section
      308.		Persons Deemed
      Owners		34
	 				
	Section
      309.		Cancellation		35
	 				
	Section
      310.		Computation of
      Interest		35
	 				
	Section
      311.		CUSIP
      Numbers		36
	 
	ARTICLE
      FOUR
	 
	SATISFACTION AND
      DISCHARGE OF INDENTURE
	 
	Section
      401.		Satisfaction and
      Discharge		36
	 				
	Section
      402.		Defeasance and
      Covenant Defeasance		38
	 				
	Section
      403.		Application of
      Trust Money		42
	 				
	Section
      404.		Reinstatement		43

ii

ARTICLE FIVE 

REMEDIES 

	Section 	501.	     	Events of Default	     	43
	 					
	Section	502.		Acceleration of Maturity; Rescission and
      Annulment		45
	 					
	Section	503.		Collection of Indebtedness and Suits for
      Enforcement by Trustee		47
	 					
	Section	504.		Trustee May File Proofs of Claim		47
	 					
	Section	505.		Trustee May Enforce Claims without
      Possession of Securities or		
				Coupons		48
	 					
	Section	506.		Application of Money Collected		49
	 					
	Section	507.		Limitations on Suits		49
	 					
	Section	508.		Unconditional Right of Holders to Receive
      Principal and any Premium,		
				Interest and Additional Amounts		50
	 					
	Section	509.		Restoration of Rights and Remedies		50
	 					
	Section	510.		Rights and Remedies Cumulative		50
	 					
	Section	511.		Delay or Omission Not Waiver		50
	 					
	Section	512.		Control by Holders of Securities		51
	 					
	Section	513.		Waiver of Past Defaults		51
	 					
	Section	514.		Waiver of Usury, Stay or Extension
      Laws		51
	 					
	Section	515.		Undertaking for Costs		52
	 
	ARTICLE SIX
	 
	THE TRUSTEE
	 
	Section	601.		Certain Rights of Trustee		52
	 					
	Section	602.		Notice of Defaults		54
	 					
	Section	603.		Not Responsible for Recitals or Issuance of
      Securities		55
	 					
	Section	604.		May Hold Securities		55
	 					
	Section	605.		Money Held in Trust		55

iii

	Section 	606.	     	Compensation and
      Reimbursement	     	55
	 					
	Section	607.		Corporate Trustee
      Required; Eligibility		56
	 					
	Section	608.		Resignation and
      Removal; Appointment of Successor		56
	 					
	Section	609.		Acceptance of
      Appointment by Successor		58
	 					
	Section	610.		Merger,
      Conversion, Consolidation or Succession to Business		59
	 					
	Section	611.		Appointment of
      Authenticating Agent		60
	 
	ARTICLE
      SEVEN
	 
	HOLDERS LISTS AND
      REPORTS BY TRUSTEE AND COMPANY
	 
	Section	701.		Company to
      Furnish Trustee Names and Addresses of Holders		61
	 					
	Section	702.		Preservation of
      Information; Communications to Holders		62
	 					
	Section	703.		Reports by
      Trustee		62
	 					
	Section	704.		Reports by
      Company		63
	 
	ARTICLE
      EIGHT
	 
	CONSOLIDATION,
      MERGER AND SALES
	 
	Section	801.		Company May
      Consolidate, Etc., Only on Certain Terms		63
	 					
	Section	802.		Successor Person
      Substituted for Company		64
	 
	ARTICLE
      NINE
	 
	SUPPLEMENTAL
      INDENTURES
	 
	Section	901.		Supplemental
      Indentures without Consent of Holders		64
	 					
	Section	902.		Supplemental
      Indentures with Consent of Holders		66
	 					
	Section	903.		Execution of
      Supplemental Indentures		67
	 					
	Section	904.		Effect of
      Supplemental Indentures		68
	 					
	Section	905.		Reference in
      Securities to Supplemental Indentures		68
	 					
	Section	906.		Conformity with
      Trust Indenture Act		68

iv

ARTICLE TEN 

COVENANTS 

	Section 	1001.	     	Payment of
      Principal, Premium, Interest and Additional Amounts	     	68
	 					
	Section	1002.		Maintenance of
      Office or Agency		68
	 					
	Section	1003.		Money for
      Securities Payments to Be Held in Trust		70
	 					
	Section	1004.		Additional
      Amounts		71
	 					
	Section	1005.		Legal
      Existence		71
	 					
	Section	1006.		Waiver of Certain
      Covenants		72
	 					
	Section	1007.		Company Statement
      as to Compliance		72
	 					
	Section	1008.		Calculation of
      Original Issue Discount		72
	 
	ARTICLE
      ELEVEN
	 
	REDEMPTION OF
      SECURITIES
	 
	Section	1101.		Applicability of
      Article		72
	 					
	Section	1102.		Election to
      Redeem; Notice to Trustee		72
	 					
	Section	1103.		Selection by
      Trustee of Securities to be Redeemed		73
	 					
	Section	1104.		Notice of
      Redemption		74
	 					
	Section	1105.		Deposit of
      Redemption Price		75
	 					
	Section	1106.		Securities
      Payable on Redemption Date		76
	 					
	Section	1107.		Securities
      Redeemed in Part		77
	 
	ARTICLE
      TWELVE
	  
	SINKING
      FUNDS
	 
	Section	1201.		Applicability of
      Article		77
	 					
	Section	1202.		Satisfaction of
      Sinking Fund Payments with Securities		77
	 					
	Section	1203.		Redemption of
      Securities for Sinking Fund		78

v

ARTICLE THIRTEEN 

REPAYMENT AT THE OPTION OF
HOLDERS 

	Section 	1301.	     	Applicability of
      Article	     	78
	 
	ARTICLE
      FOURTEEN
	 
	SECURITIES IN
      FOREIGN CURRENCIES
	 
	Section	1401.		Applicability of
      Article		79
	 
	ARTICLE
      FIFTEEN
	 
	MEETINGS OF
      HOLDERS OF SECURITIES
	 
	Section	1501.		Purposes for
      Which Meetings May Be Called		79
	 			 		
	Section	1502.		Call, Notice and
      Place of Meetings		79
	 					
	Section	1503.		Persons Entitled
      to Vote at Meetings		80
	 					
	Section	1504.		Quorum;
      Action		80
	 					
	Section	1505.		Determination of
      Voting Rights; Conduct and Adjournment of Meetings		81
	 					
	Section	1506.		Counting Votes
      and Recording Action of Meetings		82
	 
	ARTICLE
      SIXTEEN
	 
	SECURITY
	 
	Section	1601.		Security		82

vi

INDENTURE, dated as of •, 201_
the (“Indenture”), between Annaly Capital Management, Inc., a Maryland
corporation (hereinafter called the “Company”), having its principal executive
office located at 1211 Avenue of the Americas, New York, New York 10036, and
Wells Fargo Bank, National Association, a national banking association duly
organized and existing under the laws of the United States of America
(hereinafter called the “Trustee”). 

RECITALS 

The Company has duly
authorized the execution and delivery of this Indenture to provide for the
issuance from time to time of senior unsecured and secured
debentures, notes or other evidences of indebtedness (hereinafter called the
“Securities”), unlimited as to principal amount, to bear such rates of interest,
to mature at such time or times, to be issued in one or more series and to have
such other provisions as shall be fixed as hereinafter provided. 

The Company has duly
authorized the execution and delivery of this Indenture. All things necessary to
make this Indenture a valid agreement of the Company, in accordance with its
terms, have been done. 

This Indenture is subject to
the provisions of the Trust Indenture Act of 1939, as amended, and the rules and
regulations of the Securities and Exchange Commission promulgated thereunder
that are required to be part of this Indenture and, to the extent applicable,
shall be governed by such provisions. 

NOW, THEREFORE, THIS INDENTURE
WITNESSETH: 

For and in consideration of
the premises and the purchase of the Securities by the Holders (as herein
defined) thereof, it is mutually covenanted and agreed, for the equal and
proportionate benefit of all Holders of the Securities or of any series thereof
and any Coupons (as herein defined) as follows: 

1 

ARTICLE ONE

DEFINITIONS AND OTHER
PROVISIONS OF GENERAL APPLICATION 

Section 101. Definitions. 

Except as otherwise expressly
provided in or pursuant to this Indenture or unless the context otherwise
requires, for all purposes of this Indenture: 

(1) the
terms defined in this Article have the meanings assigned to them in this
Article, and include the plural as well as the singular; 

(2) all
other terms used herein which are defined in the Trust Indenture Act either
directly or by reference therein, have the meanings assigned to them therein;

(3) all
accounting terms not otherwise defined herein have the meanings assigned to them
in accordance with GAAP; 

(4) the
words “herein”, “hereof”, “hereto” 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; 

(5) the
word “or” is always used inclusively (for example, the phrase “A or B” means “A
or B or both”, not “either A or B but not both”); 

(6) provisions apply to successive events and transactions; 

(7) the
term “merger” includes a statutory share exchange and the terms “merge” and
“merged” have correlative meanings; 

(8) the
masculine gender includes the feminine and the neuter; and 

(9) references to agreements and other instruments include subsequent
amendments and supplements thereto. 

Certain terms used principally
in certain Articles hereof are defined in those Articles. 

Except as otherwise expressly
provided in or pursuant to this Indenture or the context otherwise requires, for
all purposes of this Indenture, references to the conversion or exchange of any
Securities for or into other securities (other than Securities of the same
series) or property shall not include the exchange of Securities of any series
for other Securities of the same series. 

“Act”, when used with respect
to any Holders, has the meaning specified in Section 104. 

“Additional Amounts” means any
additional amounts which are required by this Indenture or by any Security,
or by the terms of any Security established pursuant to Section 301, under
circumstances specified herein or therein, to be paid by the Company in respect
of certain taxes, duties, levies, imposts,
assessments or other governmental charges imposed on Holders specified herein or
therein. 

2 

“Affiliate” of any specified
Person means any other Person directly or indirectly controlling or controlled
by or under direct or indirect common control with such specified Person. For
the purposes of this definition, “control,” when used with respect to any
specified Person means the power to direct the management and policies of such
Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise, and the terms “controlling” and
“controlled” have meanings correlative to the foregoing. 

“Authenticating Agent” means
any Person authorized by the Trustee pursuant to Section 611 to act
on behalf of the Trustee to authenticate Securities of one or more series.

“Authorized Newspaper” means a
newspaper, in an official language of the place of publication or in the English
language, customarily published on each day that is a Business Day in the place
of publication, whether or not published on days that are not Business Days in
the place of publication, and of general circulation in each place in connection
with which the term is used or in the financial community of each such place.
Where successive publications are required to be made in Authorized Newspapers,
the successive publications may be made in the same or in different newspapers
in the same place meeting the foregoing requirements and in each case on any day
that is a Business Day in the place of publication. 

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

“Bearer Security” means any
Security in the form established pursuant to Section 201 which is payable to
bearer. 

“Board of Directors” means the
board of directors of the Company or any committee of that board duly authorized
to act generally or in any particular respect for the Company hereunder. The
term “board of directors” means the board of directors of the Company and does
not include committees of the board of directors. 

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

“Business Day” means, unless
otherwise specified with respect to the Securities of any series pursuant to
Section 301, any day other than a Saturday, Sunday or other day on which banking
institutions in The City of New York are authorized or obligated by law,
regulation or executive order to close; provided that such term shall mean, when
used with respect to any payment of principal of, or premium or interest, if
any, on, or Additional Amounts with respect to, the Securities of any series to
be made at any Place of Payment for such Securities, unless otherwise specified
pursuant to Section 301 with respect to such Securities, any day other than a
Saturday, Sunday or other day on which banking institutions in such Place of
Payment are authorized or obligated by law, regulation or executive order to
close. 

3 

“Commission” means the
Securities and Exchange Commission, as from time to time constituted, or, if at
any time after the execution 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 at such time. 

“Common Shares” means the
common shares of the Company as such common shares exist on the date of this
Indenture or shares of any class or classes resulting from any reclassification
or reclassifications thereof and which have no preference in respect of
dividends or similar distributions or of amounts payable in the event of any
voluntary or involuntary liquidation, dissolution or winding up of the Company
and which are not subject to redemption by the Company; provided that, solely in
the case of any Securities that are convertible into Common Shares, unless
otherwise provided pursuant to Section 301 with respect to the Securities of
such series, if at any time there shall be more than one such resulting class,
the shares of each such class then so issuable on conversion of such Securities
shall be substantially in the proportion which the total number of shares of
such class resulting from all such reclassifications bears to the total number
of shares of all such classes resulting from all such reclassifications.

“Company” means the Person
named as the “Company” in the first paragraph of this instrument until a
successor Person shall have become such pursuant to the applicable provisions of
this Indenture, and thereafter “Company” shall mean such successor Person and
any other obligor upon the Securities. 

“Company Request” and “Company
Order” mean, respectively, a written request or order, as the case may be,
signed in the name of the Company by the Chairman, the Chief Executive Officer,
the President, the Chief Financial Officer or a Vice President and by the
Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of
the Company, and delivered to the Trustee. 

“Conversion Event” means (i)
with respect to any Foreign Currency other than the Euro, the cessation of use
of such Foreign Currency both by the government of the country or the
confederation which issued such Foreign Currency and for the settlement of
transactions by a central bank or other public institutions of or within the
international banking community or (ii) in the case of the Euro, the cessation
of use of the Euro both within the European Monetary System and for the
settlement of transactions by public institutions of or within the European
Union. 

“Corporate Trust Office” means
the designated corporate trust office of the Trustee at which at any particular
time its corporate trust business shall be administered, which office at the
date of this Indenture is located at 150 East 42nd Street, 40th
Floor, New York, New York 10017, Attention: Corporate Trust Services,
Administrator - Annaly Capital Management, Inc. 

The term “Corporation”
includes corporations, partnerships, associations, limited liability companies
and other companies, and business trusts. The term “corporation” means a
corporation and does not include partnerships, associations, limited liability
companies or other companies or business trusts. 

4 

“Coupon” means any interest
coupon appertaining to a Bearer Security. 

“Currency”, with respect to
any payment, deposit or other transfer in respect of the principal of or any
premium or interest on or any Additional Amounts with respect to any Security,
means Dollars or the Foreign Currency, as the case may be, in which such
payment, deposit or other transfer is required to be made by or pursuant to the
terms hereof or such Security and, with respect to any other payment, deposit or
transfer pursuant to or contemplated by the terms hereof or such Security, means
Dollars. 

“CUSIP number” means the
alphanumeric designation assigned to a Security by Standard & Poor’s, CUSIP
Service Bureau. 

“Defaulted Interest” has the
meaning specified in Section 307. 

“Depository” means, with
respect to any Security issuable or issued in the form of one or more global
Securities, the Person designated as depository by the Company in or pursuant to
this Indenture, and, unless otherwise provided with respect to any Security, any
successor to such Person. If at any time there is more than one such Person,
“Depository” shall mean, with respect to any Securities, the depository which
has been appointed with respect to such Securities. 

“Dollars” or “$” means a
dollar or other equivalent unit of legal tender for payment of public or private
debts in the United States of America. 

“Euro” means the currency
introduced at the start of the third stage of European economic and monetary
union pursuant to the Treaty establishing European Community, as amended by the
Treaty on European Union. 

“European Monetary System”
means the European Monetary System established by the Resolution of December 5,
1978 of the Council of the European Community. 

“European Union” means the
participating member states that adopt a single currency in accordance with the
Treaty establishing the European Community, as amended by the Treaty on European
Union. 

“Event of Default” has the
meaning specified in Section 501. 

“Exchange Act” means the
Securities Exchange Act of 1934, as amended, or any successor thereto, in each
case as amended from time to time. 

“Foreign Currency” means any
currency, currency unit or composite currency, including, without limitation,
the Euro, issued by the government of one or more countries other than the
United States of America or by any recognized confederation or association of
such government. 

“GAAP” and “generally accepted
accounting principles” mean, unless otherwise specified with respect to any
series of Securities pursuant to Section 301, such accounting principles as are
generally accepted in the United States of America as of the date or time of any
computation required hereunder. 

5 

“Government Obligations” means
securities which are (i) direct obligations of the United States of America or
the other government or governments in the confederation which issued the
Foreign Currency in which the principal of or any premium or interest on the
relevant Security or any Additional Amounts in respect thereof shall be payable,
in each case where the payment or payments thereunder are supported by the full
faith and credit of such government or governments or (ii) obligations of a
Person controlled or supervised by and acting as an agency or instrumentality of
the United States of America or such other government or governments, in each
case where the timely payment or payments thereunder are unconditionally
guaranteed as a full faith and credit obligation by the United States of America
or such other government or governments, and which, in the case of (i) or (ii),
are not callable or redeemable at the option of the issuer or issuers thereof,
and shall also include a depository receipt issued by a bank or trust company as
custodian with respect to any such Government Obligation or a specific payment
of interest on or principal of or other amount with respect to any such
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 Government Obligation or the specific payment of interest on or principal of
or other amount with respect to the Government Obligation evidenced by such
depository receipt. 

“Holder”, in the case of any
Registered Security, means the Person in whose name such Security is registered
in the Security Register and, in the case of any Bearer Security, means the
bearer thereof and, in the case of any Coupon, means the bearer thereof.

“Indenture” means this
instrument as originally executed or as it may from time to time be supplemented
or amended by one or more indentures supplemental hereto entered into pursuant
to the applicable provisions hereof and, with respect to any Security, by the
terms and provisions of such Security and any Coupon appertaining thereto
established pursuant to Section 301 (as such terms and provisions may be amended
pursuant to the applicable provisions hereof), provided, however, that, if at
any time more than one Person is acting as Trustee under this instrument,
“Indenture” shall mean, with respect to any one or more series of Securities for
which such Person is Trustee, this instrument as originally executed or as it
may from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof
and shall include the terms of those particular series of Securities for which
such Person is Trustee established pursuant to Section 301, exclusive, however,
of any provisions or terms which relate solely to other series of Securities for
which such Person is not Trustee, regardless of when such terms or provisions
were adopted. 

“Indexed Security” means a
Security the terms of which provide that the principal amount thereof payable at
Stated Maturity may be more or less than the principal face amount thereof at
original issuance. 

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

“Interest Payment Date”, with
respect to any Security, means the Stated Maturity of an installment of interest
on such Security. 

6 

“Judgment Currency” has the
meaning specified in Section 116. 

“Maturity”, with respect to
any Security, means the date on which the principal of such Security or an
installment of principal becomes due and payable as provided in or pursuant to
this Indenture or such Security, whether at the Stated Maturity or by
declaration of acceleration, upon redemption at the option of the Company, upon
repurchase or repayment at the option of the Holder or otherwise, and includes a
Redemption Date for such Security and a date fixed for the repurchase or
repayment of such Security at the option of the Holder. 

“New York Banking Day” has the
meaning specified in Section 116. 

“Non-recourse Debt” means any
indebtedness the terms of which provide that the claim for repayment of such
indebtedness by the holder thereof is limited solely to a claim against the
property or assets (including, without limitation, securities or interests in
securities) that secure such indebtedness; provided, however, that any
obligations or liabilities of the debtor or obligor or any other person solely
for indemnities, covenants or breaches of warranties, representations or
covenants or similar matters in respect of any indebtedness will not prevent
such indebtedness from constituting Non-recourse Debt. 

“Office” or “Agency”, with
respect to any Securities, means an office or agency of the Company maintained
or designated in a Place of Payment for such Securities pursuant to Section 1002
or any other office or agency of the Company maintained or designated for such
Securities pursuant to Section 1002 or, to the extent designated or required by
Section 1002 in lieu of such office or agency, the Corporate Trust Office of the
Trustee. 

“Officers’ Certificate” means
a certificate signed by the Chairman, the Chief Executive Officer, the
President, the Chief Financial Officer or a Vice President and by the Treasurer,
an Assistant Treasurer, the Secretary or an Assistant Secretary of the Company,
that complies with the requirements of Section 314(e) of the Trust Indenture Act
and is delivered to the Trustee. 

“Opinion of Counsel” means a
written opinion of counsel, who may be an employee of or counsel for the Company
or other counsel who shall be reasonably acceptable to the Trustee, that, if
required by the Trust Indenture Act, complies with the requirements of Section
314(e) of the Trust Indenture Act. 

“Original Issue Discount
Security” means a Security issued pursuant to this Indenture which provides for
an amount less than the principal face amount thereof to be due and payable upon
declaration of acceleration pursuant to Section 502. 

7 

“Outstanding”, when used with respect to
any Securities, means, as of the date of determination, all such Securities
theretofore authenticated and delivered under this Indenture, except:

		(a)     	any such Security theretofore cancelled by
      the Trustee or the Security Registrar or delivered to the Trustee or the
      Security Registrar for cancellation;
	 		
	              	(b)     	any such Security for whose payment at the
      Maturity thereof money in the necessary amount (or, to the extent that
      such Security is payable at such Maturity in Common Shares or other
      securities or property, Common Shares or such other securities or property
      in the necessary amount, together with, if applicable, cash in lieu of
      fractional shares or securities) has been theretofore deposited pursuant
      hereto (other than pursuant to Section 402) with the Trustee or any Paying
      Agent (other than the Company) in trust or set aside and segregated in
      trust by the Company (if the Company shall act as its own Paying Agent)
      for the Holders of such Securities and any Coupons appertaining thereto,
      provided that, if such Securities are to be redeemed, notice of such
      redemption has been duly given pursuant to this Indenture or provision
      therefor satisfactory to the Trustee has been made;
	 	
		(c)	any such Security with respect to which the
      Company has effected defeasance or covenant defeasance pursuant to Section
      402, except to the extent provided in Section 402;
	 	
		(d)	any such Security which has been paid
      pursuant to Section 306 or in exchange for or in lieu of which other
      Securities have been authenticated and delivered pursuant to this
      Indenture, unless there shall have been presented to the Trustee proof
      satisfactory to it that such Security is held by a bona fide purchaser in
      whose hands such Security is a valid obligation of the Company;
    and
	 	
		(e)	any such Security converted or exchanged as
      contemplated by this Indenture into Common Shares or other securities or
      property, if the terms of such Security provide for such conversion or
      exchange pursuant to Section 301;

provided,
however, that in determining
whether the Holders of the requisite principal amount of Outstanding Securities
have given any request, demand, authorization, direction, notice, consent or
waiver hereunder or are present at a meeting of Holders of Securities for quorum
purposes, (i) the principal amount of an Original Issue Discount Security that
may be counted in making such determination and that shall be deemed to be
Outstanding for such purposes shall be equal to the amount of the principal
thereof that pursuant to the terms of such Original Issue Discount Security
would be declared (or shall have been declared to be) due and payable upon a
declaration of acceleration thereof pursuant to Section 502 at the time of such
determination, and (ii) the principal amount of any Indexed Security that may be
counted in making such determination and that shall be deemed Outstanding for
such purpose shall be equal to the principal face amount of such Indexed
Security at original issuance, unless otherwise provided in or pursuant to this
Indenture, and (iii) the principal amount of a Security denominated in a Foreign
Currency that may be counted in making such determination and that shall be
deemed Outstanding for such purposes shall be the Dollar equivalent, determined
on the date of original issuance of such Security, of the principal amount (or,
in the case of an Original Issue Discount Security, the Dollar equivalent on the
date of original issuance of such Security of the amount determined as provided
in (i) above) of such Security, and (iv) Securities owned by the Company or any other obligor upon the Securities, or any
Affiliate of the Company or such other obligor shall be disregarded and deemed
not to be Outstanding, except that, in determining whether the Trustee shall be
protected in making any such determination or relying upon any such request,
demand, authorization, direction, notice, consent or waiver, only Securities
which a Responsible Officer of the Trustee actually knows to be so owned shall
be so disregarded. Securities so owned which shall have been pledged in good
faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee (A) the pledgee’s right so to act with respect to
such Securities and (B) that the pledgee is not the Company or any other obligor
upon the Securities or any Coupons appertaining thereto or an Affiliate (other
than a Trust) of the Company or such other obligor. 

8 

“Paying Agent” means any
Person authorized by the Company to pay the principal of, or any premium or
interest on, or any Additional Amounts with respect to, any Security or any
Coupon on behalf of the Company. 

“Person” and “person” mean any
individual, Corporation, joint venture, joint-stock company, trust,
unincorporated organization or government or any agency or political subdivision
thereof. 

“Place of Payment”, with
respect to any Security, means the place or places where the principal of, or
any premium or interest on, or any Additional Amounts with respect to such
Security are payable as provided in or pursuant to this Indenture or such
Security. 

“Predecessor Security” of any
particular Security means every previous Security evidencing all or a portion of
the same indebtedness as that evidenced by such particular Security; and, for
the purposes of this definition, any Security authenticated and delivered under
Section 306 in exchange for or in lieu of a lost, destroyed, mutilated or stolen
Security or any Security to which a mutilated, destroyed, lost or stolen Coupon
appertains shall be deemed to evidence the same indebtedness as the lost,
destroyed, mutilated or stolen Security or the Security to which a mutilated,
destroyed, lost or stolen Coupon appertains. 

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

“Redemption Price”, with
respect to any Security or portion thereof to be redeemed, means the price at
which it is to be redeemed as determined by or pursuant to this Indenture or
such Security. 

“Registered Security” means
any Security established pursuant to Section 201 which is registered in the
Security Register. 

“Regular Record Date” for the
interest payable on any Registered Security on any Interest Payment Date
therefor means the date, if any, specified in or pursuant to this Indenture or
such Security as the record date for the payment of such interest. 

“Required Currency” has the
meaning specified in Section 116. 

9

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

“Securities Act” means the
Securities Act of 1933, as amended, or any successor thereto, in each case as
amended from time to time. 

“Security” or “Securities”
means any note or notes, bond or bonds, debenture or debentures, or any other
evidences of indebtedness, as the case may be, authenticated and delivered under
this Indenture; provided, however, that, if at any time there is more than one
Person acting as Trustee under this Indenture, “Securities”, with respect to any
such Person, shall mean Securities authenticated and delivered under this
Indenture, exclusive, however, of Securities of any series as to which such
Person is not Trustee. 

“Security Register” and
“Security Registrar” have the respective meanings specified in Section 305.

“Significant Subsidiary”
means, as of any date of determination, a Subsidiary of the Company that would
constitute a “significant subsidiary,” as such term is defined under Rule
1-02(w) of Regulation S-X of the Commission as in effect on the date of this
Indenture. 

“Special Record Date” for the
payment of any Defaulted Interest on any Registered Security means a date fixed
by the Trustee pursuant to Section 307. 

“Stated Maturity”, with
respect to any Security or any installment of principal thereof or interest
thereon or any Additional Amounts with respect thereto, means the date
established by or pursuant to this Indenture or such Security as the fixed date
on which the principal of such Security or such installment of principal or
interest is, or such Additional Amounts are, due and payable. 

“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 interests 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 such 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 one or more Subsidiaries of such
Person (or any combination thereof). 

“Trust Indenture Act” means
the Trust Indenture Act of 1939, as amended, and any reference herein to the
Trust Indenture Act or a particular provision thereof shall mean such Act or
provision, as the case may be, as amended or replaced from time to time or as
supplemented from time to time by rules or regulations adopted by the Commission
under or in furtherance of the purposes of such Act or provision, as the case
may be. 

10 

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

“United States”, means the
United States of America (including the states thereof and the District of
Columbia), its territories, its possessions and other areas subject to its
jurisdiction; and the term “United States of America” means the United States of
America. 

“United States Alien”, except
as otherwise provided in or pursuant to this Indenture or any Security, means
any Person who, for United States Federal income tax purposes, is a foreign
corporation, a non-resident alien individual, a non-resident alien fiduciary of
a foreign estate or trust, or a foreign partnership one or more of the members
of which is, for United States Federal income tax purposes, a foreign
corporation, a non-resident alien individual or a non-resident alien fiduciary
of a foreign estate or trust. 

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

Section 102. Compliance Certificates and Opinions. 

Except as otherwise expressly
provided in or pursuant to this Indenture, upon any application or request by
the Company to the Trustee to take any action under or in connection with any
provision of this Indenture, the Company shall furnish to the Trustee an
Officers’ Certificate stating that all conditions precedent, if any, provided
for in this Indenture relating to the proposed action have been complied with
and an Opinion of Counsel stating that, in the opinion of such counsel, all such
conditions precedent, if any, have been complied with, except that in the case
of any such application or request as to which the furnishing of such documents
or any of them is specifically required by any provision of this Indenture
relating to such particular application or request, no additional certificate or
opinion need be furnished. 

Section 103. Form of Documents Delivered to Trustee. 

In any case where several
matters are required to be certified by, or covered by an opinion of, any
specified Person, it is not necessary that all such matters be certified by, or
covered by the opinion of, only one such Person, or that they be so certified or
covered by only one document, but one such Person may certify or give an opinion
with respect to some matters and one or more other such Persons as to other
matters, and any such Person may certify or give an opinion as to such matters
in one or several documents. 

Any certificate or opinion of
an officer of the Company may be based, insofar as it relates to legal matters,
upon an Opinion of Counsel, unless such officer knows, or in the exercise of
reasonable care should know, that the opinion with respect to the matters upon
which his certificate or opinion is based is erroneous. Any such Opinion of
Counsel may be based, insofar as it relates to factual matters, upon a
certificate or opinion of, or representations by, an officer or officers of the Company, a governmental official
or officers or any other Person or Persons stating that the information with
respect to such factual matters is in the possession of the Company unless such
counsel knows, or in the exercise of reasonable care should know, that the
certificate, opinion or representations with respect to such matters are
erroneous. 

11 

Where any Person is required
to make, give or execute two or more applications, requests, consents,
certificates, statements, opinions or other instruments under this Indenture or
any Security, they may, but need not, be consolidated and form one instrument.

Section 104. Acts of Holders. 

(1) Any
request, demand, authorization, direction, notice, consent, waiver or other
action provided by or pursuant to this Indenture to be made, given or taken by
Holders may be embodied in and evidenced by one or more instruments of
substantially similar tenor signed by such Holders in person or by an agent duly
appointed in writing. If, but only if, Securities of a series are issuable as
Bearer Securities, any request, demand, authorization, direction, notice,
consent, waiver or other action provided in or pursuant to this Indenture to be
made, given or taken by Holders of Securities of such series may, alternatively,
be embodied in and evidenced by the record of Holders of Securities of such
series voting in favor thereof, either in person or by proxies duly appointed in
writing, at any meeting of Holders of Securities of such series duly called and
held in accordance with the provisions of Article Fifteen, or a combination of
such instruments and any such record. Except as herein otherwise expressly
provided, such action shall become effective when such instrument or instruments
or record or both are delivered to the Trustee and, where it is hereby expressly
required, to the Company. Such instrument or instruments and any such record
(and the action embodied therein and evidenced thereby) are herein sometimes
referred to as the “Act” of the Holders signing such instrument or instruments
or so voting at any such meeting. Proof of execution of any such instrument or
of a writing appointing any such agent, or of the holding by any Person of a
Security, shall be sufficient for any purpose of this Indenture and (subject to
Section 315 of the Trust Indenture Act) conclusive in favor of the Trustee and
the Company and any agent of the Trustee or the Company, if made in the manner
provided in this Section 104. The record of any meeting of Holders of Securities
shall be proved in the manner provided in Section 1506. 

Without limiting the
generality of this Section 104, unless otherwise provided in or pursuant to this
Indenture, a Holder, including a Depository that is a Holder of a global
Security, may make, give or take, by a proxy or proxies, duly appointed in
writing, any request, demand, authorization, direction, notice, consent, waiver
or other Act provided in or pursuant to this Indenture or the Securities to be
made, given or taken by Holders, and a Depository that is a Holder of a global
Security may provide its proxy or proxies to the beneficial owners of interests
in any such global Security through such Depository’s standing instructions and
customary practices. 

(2) The
fact and date of the execution by any Person of any such instrument or writing
may be proved in any reasonable manner which the Trustee deems sufficient and in
accordance with such reasonable rules as the Trustee may determine; and the
Trustee may in any instance require further proof with respect to any of the
matters referred to in this Section 104. 

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(3) The
ownership, principal amount and serial numbers of Registered Securities held by
any Person, and the date of the commencement and the date of the termination of
holding the same, shall be proved by the Security Register. 

(4) The
ownership, principal amount and serial numbers of Bearer Securities held by any
Person, and the date of the commencement and the date of the termination of
holding the same, may be proved by the production of such Bearer Securities or
by a certificate executed, as depositary, by any trust company, bank, banker or
other depositary reasonably acceptable to the Company, wherever situated, if
such certificate shall be deemed by the Company and the Trustee to be
satisfactory, showing that at the date therein mentioned such Person had on
deposit with such depositary, or exhibited to it, the Bearer Securities therein
described; or such facts may be proved by the certificate or affidavit of the
Person holding such Bearer Securities, if such certificate or affidavit is
deemed by the Company and the Trustee to be satisfactory. The Trustee and the
Company may assume that such ownership of any Bearer Security continues until
(1) another certificate or affidavit bearing a later date issued in respect of
the same Bearer Security is produced, or (2) such Bearer Security is produced to
the Trustee by some other Person, or (3) such Bearer Security is surrendered in
exchange for a Registered Security, or (4) such Bearer Security is no longer
Outstanding. The ownership, principal amount and serial numbers of Bearer
Securities held by the Person so executing such instrument or writing and the
date of the commencement and the date of the termination of holding the same may
also be proved in any other manner which the Company and the Trustee deem
sufficient. 

(5) If the
Company shall solicit from the Holders of any Registered Securities any request,
demand, authorization, direction, notice, consent, waiver or other Act, the
Company may at its option (but is not obligated to), by Board Resolution fix in
advance a record date for the determination of Holders of Registered Securities
entitled to give such request, demand, authorization, direction, notice,
consent, waiver or other Act. If such a record date is fixed, such request,
demand, authorization, direction, notice, consent, waiver or other Act may be
given before or after such record date, but only the Holders of Registered
Securities of record at the close of business on such record date shall be
deemed to be Holders for the purpose of determining whether Holders of the
requisite proportion of Outstanding Securities have authorized or agreed or
consented to such request, demand, authorization, direction, notice, consent,
waiver or other Act, and for that purpose the Outstanding Securities shall be
computed as of such record date; provided that no such authorization, agreement
or consent by the Holders of Registered Securities shall be deemed effective
unless it shall become effective pursuant to the provisions of this Indenture
not later than six months after the record date. 

(6) Any
request, demand, authorization, direction, notice, consent, waiver or other Act
by the Holder of any Security shall bind every future Holder of the same
Security and the Holder of every Security issued upon the registration of
transfer thereof or in exchange therefor or in lieu thereof in respect of
anything done or suffered to be done by the Trustee, any Security Registrar, any
Paying Agent or the Company in reliance thereon, whether or not notation of such
Act is made upon such Security. 

13 

Section 105. Notices, etc., to Trustee and Company. 

Any request, demand,
authorization, direction, notice, consent, waiver or other Act of Holders or
other document provided or permitted by this Indenture to be made upon, given or
furnished to, or filed with, 

(1) the
Trustee by any Holder or the Company shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with the Trustee
at its Corporate Trust Office, or 

(2) the
Company by the Trustee or any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid, to the Company addressed to the attention of its
Chief Financial Officer at the address of the Company’s principal office
specified in the first paragraph of this instrument or at any other address
previously furnished in writing to the Trustee by the Company. 

Section 106. Notice to Holders of Securities; Waiver. 

Except as otherwise expressly
provided in or pursuant to this Indenture, where this Indenture provides for
notice to Holders of Securities of any event, 

(1) such
notice shall be sufficiently given to Holders of Registered Securities if in
writing and mailed, first-class postage prepaid, to each Holder of a Registered
Security affected by such event, at his address as it appears in the Security
Register, not later than the latest date, and not earlier than the earliest
date, prescribed for the giving of such notice; and 

(2) such
notice shall be sufficiently given to Holders of Bearer Securities, if any, if
published in an Authorized Newspaper in The City of New York and, if such
Securities are then listed on any stock exchange outside the United States, in
an Authorized Newspaper in such city as the Company shall advise the Trustee
that such stock exchange so requires, on a Business Day at least twice, the
first such publication to be not earlier than the earliest date and the second
such publication not later than the latest date prescribed for the giving of
such notice. 

In any case where notice to
Holders of Registered Securities is given by mail, neither the failure to mail
such notice, nor any defect in any notice so mailed, to any particular Holder of
a Registered Security shall affect the sufficiency of such notice with respect
to other Holders of Registered Securities or the sufficiency of any notice to
Holders of Bearer Securities given as provided herein. Any notice which is
mailed in the manner herein provided shall be conclusively presumed to have been
duly given or provided. In the case by reason of the suspension of regular mail
service or by reason of any other cause it shall be impracticable to give such
notice by mail, then such notification as shall be made with the approval of the
Trustee shall constitute a sufficient notification for every purpose hereunder.

In case by reason of the
suspension of publication of any Authorized Newspaper or Authorized Newspapers
or by reason of any other cause it shall be impracticable to publish any notice
to Holders of Bearer Securities as provided above, then such notification to
Holders of Bearer Securities as shall be given with the approval of the Trustee
shall constitute sufficient notice to such Holders for every purpose hereunder.
Neither failure to give notice by publication to Holders of Bearer Securities as provided above, nor any defect in any
notice so published, shall affect the sufficiency of any notice mailed to
Holders of Registered Securities as provided above. 

14 

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 of
Securities 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. 

Anything herein to the
contrary notwithstanding, unless otherwise expressly stated in this Indenture or
pursuant to Section 301 with respect to the Securities of any series, if a
Depository or its nominee is the Holder of any Security, then any notice given
to such Depository or its nominee, as the case may be, in respect of such
Security may be given by the Company or the Trustee electronically in accordance
with the procedures of such Depository as in effect from time to time in lieu of
giving notice to such Depository or such nominee, as the case may be, by mail
and all references in this Indenture to the mailing of any such notice shall be
deemed to mean, solely as concerns the notice given by the Company or the
Trustee to such Depository or its nominee, as the case may be, the electronic
transmission of such notice as aforesaid, mutatis mutandis. 

Section 107. Language of Notices. 

Any request, demand,
authorization, direction, notice, consent, election or waiver required or
permitted under this Indenture shall be in the English language, except that, if
the Company so elects, any published notice may be in an official language of
the country of publication. 

Section 108. Conflict with Trust Indenture Act. 

If any provision hereof
limits, qualifies or conflicts with any duties under any required provision of
the Trust Indenture Act imposed hereon by Section 318(c) thereof, such required
provision shall control. 

Section 109. Effect of Headings and Table of Contents. 

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

Section 110. Successors and Assigns. 

All covenants and agreements
in this Indenture by the Company shall bind its successors and assigns, whether
so expressed or not. 

15 

Section 111. Separability Clause. 

In case any provision in this
Indenture, any Security or any Coupon shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions shall not, to the fullest extent permitted by law, in any way be
affected or impaired thereby. 

Section 112. Benefits of Indenture. 

Nothing in this Indenture, any
Security or any Coupon, express or implied, shall give to any Person, other than
the parties hereto, any Security Registrar, any Paying Agent and their
successors hereunder and the Holders of Securities or Coupons, any benefit or
any legal or equitable right, remedy or claim under this Indenture. 

Section 113. Governing Law; Waiver of Jury Trial; Consent to Jurisdiction and Service.

This Indenture, the Securities
and any Coupons shall be governed by and construed in accordance with the laws
of the State of New York applicable to agreements made or instruments entered
into and, in each case, performed in said State, without regard to conflicts of
laws or principles thereof. 

EACH OF THE COMPANY AND THE
TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF
OR RELATING TO THIS INDENTURE, THE SECURITIES, THE COUPONS OR THE TRANSACTION
CONTEMPLATED HEREBY. 

To the fullest extent
permitted by applicable law, the Company hereby irrevocably submits to the
jurisdiction of any federal or state court located in the Borough of Manhattan
in The City of New York, New York in any suit, action or proceeding based on or
arising out of or relating to this Indenture or any Securities and irrevocably
agrees that all claims in respect of such suit or proceeding may be determined
in any such court. The Company irrevocably waives, to the fullest extent
permitted by law, any objection which it may have to the laying of the venue of
any such suit, action or proceeding brought in an inconvenient forum. The
Company agrees that final judgment in any such suit, action or proceeding
brought in such a court shall be conclusive and binding upon the Company, and
may be enforced in any courts to the jurisdiction of which the Company is
subject by a suit upon such judgment, provided, that service of process is
effected upon the Company in the manner specified herein or as otherwise
permitted by law. The Company hereby irrevocably designates and appoints
[______________] (the “Process Agent”) as its authorized agent for purposes of
this section, it being understood that the designation and appointment of the
Process Agent as such authorized agent shall become effective immediately
without any further action on the part of the Company. The Company further
agrees that service of process upon the Process Agent and written notice of said
service to the Company, mailed by prepaid registered first class mail or
delivered to the Process Agent at its principal office, shall be deemed in every
respect effective service of process upon the Company, in any such suit or
proceeding. The Company further agrees to take any and all action, including the
execution and filing of any and all such documents and instruments as may be necessary, to continue such designation and
appointment of the Process Agent in full force and effect so long as the
Company, has any outstanding obligations under this Indenture. To the extent the
Company has or hereafter may acquire any immunity from jurisdiction of any court
or from any legal process (whether through service of notice, attachment prior
to judgment, attachment in aid of execution, executor or otherwise) with respect
to itself or its property, the Company hereby irrevocably waives such immunity
in respect of its obligations under this Indenture to the extent permitted by
law. 

16

Section 114. Legal Holidays. 

Unless otherwise specified in
or pursuant to this Indenture or any Securities, in any case where any Interest
Payment Date, Stated Maturity or Maturity of, or any other day on which a
payment is due with respect to, any Security shall be a day which is not a
Business Day at any Place of Payment, then (notwithstanding any other provision
of this Indenture, any Security or any Coupon other than a provision in any
Security or Coupon or in the Board Resolution, Officers’ Certificate or
supplemental indenture establishing the terms of any Security that specifically
states that such provision shall apply in lieu hereof) payment need not be made
at such Place of Payment on such date, but such payment may be made on the next
succeeding day that is a Business Day at such Place of Payment with the same
force and effect as if made on the Interest Payment Date, at the Stated Maturity
or Maturity or on any such other payment date, as the case may be, and no
interest shall accrue on the amount payable on such date or at such time for the
period from and after such Interest Payment Date, Stated Maturity, Maturity or
other payment date, as the case may be, to the next succeeding Business Day.

Section 115. Counterparts. 

This Indenture may be executed
in several counterparts, each of which shall be an original and all of which
shall constitute but one and the same instrument. The exchange of copies of this
Indenture and of signature pages by facsimile or PDF transmission shall
constitute effective execution and delivery of this Indenture as to the parties
hereto and may be used in lieu of the original Indenture for all purposes.
Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed
to be their original signatures for all purposes. 

Section 116. Judgment Currency. 

The Company agrees, to the
fullest extent that it may effectively do so under applicable law, that (a) if
for the purpose of obtaining judgment against it in any court, it is necessary
to convert the sum due in respect of the principal of, or premium or interest,
if any, or Additional Amounts on the Securities of any series (the “Required
Currency”) into a currency in which a judgment will be rendered (the “Judgment
Currency”), the rate of exchange used shall be the rate at which in accordance
with normal banking procedures the Trustee could purchase in The City of New
York the Required Currency with the Judgment Currency on the New York Banking
Day preceding that on which a final unappealable judgment is given and (b) its
obligations under this Indenture to make payments in the Required Currency (i)
shall not be discharged or satisfied by any tender, or any recovery pursuant to
any judgment (whether or not entered in accordance with clause (a)), in any
currency other than the Required Currency, except to the extent that such tender
or recovery shall result in the actual receipt, by the payee, of the full amount
of the Required Currency expressed to be
payable in respect of such payments, (ii) shall be enforceable as an alternative
or additional cause of action for the purpose of recovering in the Required
Currency the amount, if any, by which such actual receipt shall fall short of
the full amount of the Required Currency so expressed to be payable and (iii)
shall not be affected by judgment being obtained for any other sum due under
this Indenture. For purposes of the foregoing, “New York Banking Day” means any
day except a Saturday, Sunday or a legal holiday in The City of New York or a
day on which banking institutions in The City of New York are authorized or
obligated by law, regulation or executive order to be closed. The provisions of
this Section 116 shall not be applicable with respect to any payment due on a
Security which is payable in Dollars. 

17

Section 117. Extension of Payment Dates. 

In the event that (i) the
terms of any Security or Coupon appertaining thereto established in or pursuant
to this Indenture permit the Company or any Holder thereof to extend the date on
which any payment of principal of, or premium, if any, or interest, if any, on,
or Additional Amounts, if any, with respect to such Security or Coupon is due
and payable and (ii) the due date for any such payment shall have been so
extended, then all references herein to the Stated Maturity of such payment (and
all references of like import) shall be deemed to refer to the date as so
extended. 

Section 118. Immunity of Shareholders, Directors, Officers and Agents of the Company.

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, or for any claim
based thereon or otherwise in respect thereof, shall be had against any past,
present or future shareholder, incorporator, employee, officer or director, as
such, of the Company or any predecessor or successor to the Company, either
directly or through the Company or any such predecessor or 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 and as part of the consideration for the issue of the
Securities; it being expressly understood that, without limitation to the
foregoing, this Indenture and the Securities and the obligations created
hereunder and thereunder are solely corporate, limited liability company,
partnership, limited partnership or similar obligations, as the case may be, of
the Company and that no such personal liability whatever shall attach to, or is
or shall be incurred by, any past, present or future shareholder, incorporator,
employee, officer or director, as such, of the Company or any of its
predecessors or successors, or any of them, because of the creation of the
indebtedness hereby authorized, or under or by reason of the obligations,
covenants or agreements contained in this Indenture or in any Security or
implied herefrom or therefrom and that any and all such personal liability of
every type and nature, either at common law or in equity or by constitution or
statute, of, and any and all such rights and claims against, every such past,
present or future shareholder, incorporator, employee, officer or director, as
such, because of the creation of the indebtedness hereby authorized, or under or
by reason of the obligations, covenants or agreements contained in this
Indenture or in any Security or implied herefrom or therefrom, are hereby
expressly waived and released as a condition of, and as a consideration for, the
execution of this Indenture and the issuance of the Securities. As used in this
Section 118, all references to “shareholders” shall be deemed to mean, with respect to any Person, any past, present or
future holder or owner of an equity interest in such Person, including, without
limitation, owners or holders of capital stock, limited or general partnership
interests and limited liability company interests. 

18

Section 119. Force Majeure. 

In no event shall the Trustee
be responsible or liable for any failure or delay in the performance of its
obligations hereunder arising out of or caused by, directly or indirectly,
forces beyond its control, including, without limitation, strikes, work
stoppages, accidents, acts of war or terrorism, civil or military disturbances,
nuclear or natural catastrophes or acts of God, and interruptions, loss or
malfunctions of utilities, communications or computer (software and hardware)
services; it being understood that the Trustee shall use reasonable efforts
which are consistent with accepted practices in the banking industry to resume
performance as soon as practicable under the circumstances. 

Section 120. U.S.A. Patriot Act. 

The parties hereto acknowledge
that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like
all financial institutions and in order to help fight the funding of terrorism
and money laundering, is required to obtain, verify, and record information that
identifies each person or legal entity that establishes a relationship or opens
an account with the Trustee. The parties to this Indenture agree that they will
provide the Trustee with such information as it may request in order for the
Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

ARTICLE TWO

SECURITIES FORMS

Section 201. Forms Generally. 

Each Registered Security,
Bearer Security, Coupon and temporary or permanent global Security issued
pursuant to this Indenture shall be in the form established by or pursuant to a
Board Resolution and set forth in an Officers’ Certificate, or established in
one or more indentures supplemental hereto, shall have such appropriate
insertions, omissions, substitutions and other variations as are required or
permitted by or pursuant to this Indenture or any indenture supplemental hereto
and may have such letters, numbers or other marks of identification and such
legends or endorsements placed thereon as may, consistently herewith, be
determined by any officer of the Company executing such Security or Coupon as
evidenced by the execution of such Security or Coupon. 

Unless otherwise provided in
or pursuant to this Indenture or any Securities, the Securities shall be
issuable in registered form without Coupons. 

Definitive Securities and
definitive Coupons shall be printed, lithographed or engraved or produced by any
combination of these methods on a steel engraved border or steel engraved
borders or may be produced in any other manner, all as determined by the
officers of the Company executing such Securities or Coupons, as evidenced by
their execution of such Securities or Coupons.

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Section 202. Form of Trustee’s Certificate of Authentication. 

Subject to Section
611, the Trustee’s certificate of authentication shall be in substantially the
following form: 

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

	WELLS FARGO BANK, NATIONAL
    ASSOCIATION,
	as Trustee
		 
	 	 
	By: 	
		Authorized
      Signatory

Section 203. Securities in Global Form. 

Unless otherwise provided in
or pursuant to this Indenture or any Securities, the Securities shall not be
issuable in global form. If Securities of a series shall be issuable in
temporary or permanent global form, any such Security may provide that it or any
number of such Securities shall represent the aggregate amount of all
Outstanding Securities of such series (or such lesser amount as is permitted by
the terms thereof) from time to time endorsed thereon or reflected on the books
and records of the Trustee and may also provide that the aggregate amount of
Outstanding Securities represented thereby may from time to time be increased or
reduced to reflect exchanges. Any endorsement of any Security in global form to
reflect the amount, or any increase or decrease in the amount, or changes in the
rights of Holders, of Outstanding Securities represented thereby shall be made
in such manner and by such Person or Persons as shall be specified therein or
pursuant to Section 301 with respect to such Security or in the Company Order to
be delivered pursuant to Section 303 or Section 304 with respect thereto.
Subject to the provisions of Section 303 and, if applicable, Section 304, the
Trustee shall deliver and redeliver any Security in global form in the manner
and upon instructions given by the Person or Persons specified therein or
pursuant to Section 301 with respect to such Security or in the applicable
Company Order. If a Company Order pursuant to Section 303 or Section 304 has
been, or simultaneously is, delivered, any instructions by the Company with
respect to a Security in global form shall be in writing but need not be
accompanied by or contained in an Officers’ Certificate and need not be
accompanied by an Opinion of Counsel. Notwithstanding the foregoing provisions
of this paragraph, in the event a global Security is exchangeable for definitive
Securities as provided in Section 305, then, unless otherwise provided in or
pursuant to this Indenture with respect to the Securities of such series, the
Trustee shall deliver and redeliver such global Security to the extent necessary
to effect such exchanges, shall endorse such global Security to reflect any
decrease in the principal amount thereto resulting from such exchanges and shall
take such other actions, all as contemplated by Section 305. 

Notwithstanding the provisions
of Section 307, unless otherwise specified in or pursuant to this Indenture or
any Securities, payment of principal of, any premium and interest on, and any Additional Amounts in respect of, any Security
in temporary or permanent global form shall be made to the Person or Persons
specified therein. 

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Notwithstanding the provisions
of Section 308 and except as provided in the preceding paragraph, the Company,
the Trustee and any agent of the Company and the Trustee shall treat as the
Holder of such principal amount of Outstanding Securities represented by a
global Security (i) in the case of a global Security in registered form, the
Holder of such global Security in registered form, or (ii) in the case of a
global Security in bearer form, the Person or Persons specified pursuant to
Section 301. 

ARTICLE THREE

THE SECURITIES

Section 301. 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. 

With respect to any Securities
to be authenticated and delivered hereunder, there shall be established in or
pursuant to one or more Board Resolutions and set forth in an Officers’
Certificate, or established in one or more indentures supplemental hereto, prior
to the issuance of any Securities of a series, 

(1) the
title of the Securities of such series; 

(2) any
limit upon the aggregate principal amount of the Securities of such series which
may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Securities of such series pursuant to Section 304,
Section 305, Section 306, Section 905 or Section 1107, upon repayment in part of
any Security of such series pursuant to Article Thirteen or upon surrender in
part of any Security for conversion or exchange into Common Shares or other
securities or property pursuant to its terms), and if such series may not be
reopened from time to time for the issuance of additional Securities of such
series; 

(3) if
such Securities are to be issuable as Registered Securities, as Bearer
Securities or alternatively as Bearer Securities and Registered Securities, and
whether the Bearer Securities are to be issuable with Coupons, without Coupons
or both, and any restrictions applicable to the offer, sale or delivery of the
Bearer Securities and the terms, if any, upon which Bearer Securities may be
exchanged for Registered Securities and vice versa; 

(4) if any
of such Securities are to be issuable in global form, when any of such
Securities are to be issuable in global form and (i) whether such Securities are
to be issued in temporary or permanent global form or both, (ii) whether
beneficial owners of interests in any such global Security may exchange such
interests for Securities of the same series and of like tenor and of any
authorized form and denomination, and the circumstances under which any such
exchanges may occur, if other than in the manner specified in Section 305, (iii)
the name of the Depository with respect to any such global Security and (iv) if
applicable and in addition to the Persons
specified in Section 305, the Person or Persons who shall be entitled to make
any endorsements on any such global Security and to give the instructions and
take the other actions with respect to such global Security contemplated by the
first paragraph of Section 203; 

21

(5) if any
of such Securities are to be issuable as Bearer Securities, the date as of which
any such Bearer Security shall be dated (if other than the date of original
issuance of the first of such Securities to be issued); 

(6) if any
of such Securities are to be issuable as Bearer Securities, whether interest in
respect of any portion of a temporary Bearer Security in global form payable in
respect of an Interest Payment Date therefor prior to the exchange, if any, of
such temporary Bearer Security for definitive Securities shall be paid to any
clearing organization with respect to the portion of such temporary Bearer
Security held for its account and, in such event, the terms and conditions
(including any certification requirements) upon which any such interest payment
received by a clearing organization will be credited to the Persons entitled to
interest payable on such Interest Payment Date; 

(7) the
date or dates, or the method or methods, if any, by which such date or dates
shall be determined, on which the principal and premium, if any, of such
Securities is payable; 

(8) the
rate or rates at which such Securities shall bear interest, if any, or the
method or methods, if any, by which such rate or rates are to be determined, the
date or dates, if any, from which such interest shall begin to accrue or the
method or methods, if any, by which such date or dates are to be determined, the
Interest Payment Dates, if any, on which such interest shall be payable and the
Regular Record Date, if any, for the interest payable on Registered Securities
on any Interest Payment Date, the notice, if any, to Holders regarding the
determination of interest on a floating rate Security and the manner of giving
such notice, and the basis upon which interest shall be calculated if other than
that of a 360-day year of twelve 30-day months; 

(9) if in
addition to or other than the place where the Corporate Trust Office of the
Trustee may from time to time be located, the place or places where the
principal of, premium, if any, and interest, if any, on, and Additional Amounts,
if any, with respect to, such Securities shall be payable, any of such
Securities that are Registered Securities may be surrendered for registration of
transfer or exchange, any of such Securities may be surrendered for conversion
or exchange and notices or demands to or upon the Company in respect of such
Securities and this Indenture may be served; 

(10) whether any of such Securities are to be redeemable at the option of the
Company and, if so, the date or dates on which, the period or periods within
which, the price or prices at which and the other terms and conditions upon
which such Securities may be redeemed, in whole or in part, at the option of the
Company; 

(11) if the
Company is obligated to redeem or purchase any of such Securities pursuant to
any sinking fund or analogous provision or at the option of any Holder thereof
and, if so, the date or dates on which, the period or periods within which, the
price or prices at which and the other terms and conditions upon which such
Securities shall be redeemed or purchased, in whole or in part, pursuant to such obligation, and any provisions for the
remarketing of such Securities so redeemed or purchased; 

22

(12) the
denominations in which any of such Securities that are Registered Securities
shall be issuable if other than denominations of $1,000 and any integral
multiples thereof, and the denominations in which any of such Securities that
are Bearer Securities shall be issuable if other than the denomination of
$5,000; 

(13) whether the Securities of the series will be convertible into and/or
exchangeable for Common Shares or other securities or property, and if so, the
terms and conditions upon which such Securities will be so convertible or
exchangeable, and any deletions from or modifications or additions to this
Indenture to permit or to facilitate the issuance of such convertible or
exchangeable Securities or the administration thereof; 

(14) if
other than the principal amount thereof, the portion of the principal amount of
any of such Securities that shall be payable upon declaration of acceleration of
the Maturity thereof pursuant to Section 502 or the method by which such portion
is to be determined; 

(15) if
other than Dollars, the Foreign Currency in which payment of the principal of,
any premium or interest on or any Additional Amounts with respect to any of such
Securities shall be payable; 

(16) if the
principal of, any premium or interest on or any Additional Amounts with respect
to any of such Securities are to be payable, at the election of the Company or a
Holder thereof or otherwise, in Dollars or in a Foreign Currency other than that
in which such Securities are stated to be payable, the date or dates on which,
the period or periods within which, and the other terms and conditions upon
which, such election may be made, and the time and manner of determining the
exchange rate between the Currency in which such Securities are stated to be
payable and the Currency in which such Securities or any of them are to be paid
pursuant to such election, and any deletions from or modifications of or
additions to the terms of this Indenture to provide for or to facilitate the
issuance of Securities denominated or payable, at the election of the Company or
a Holder thereof or otherwise, in a Foreign Currency; 

(17) if the
amount of payments of principal of, any premium or interest on or any Additional
Amounts with respect to such Securities may be determined with reference to an
index, formula or other method or methods (which index, formula or method or
methods may be based, without limitation, on one or more Currencies,
commodities, equity indices or other indices), and, if so, the terms and
conditions upon which and the method by which such amounts shall be determined
and paid or payable; 

(18) any
deletions from, modifications of or additions to the Events of Default or
covenants of the Company with respect to such Securities (whether or not such
Events of Default or covenants are consistent with the Events of Default or
covenants set forth herein), and, if any additional covenants not contained in
this Indenture as of its date shall be applicable with respect to such
Securities, whether Section 1006 shall be applicable with respect to any such
additional covenants;

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(19) if any
one or more of Section 401 relating to satisfaction and discharge, Section
402(2) relating to defeasance or Section 402(3) relating to covenant defeasance
shall not be applicable to the Securities of such series, and any covenants in
addition to or other than those covenants, if any, specified in Section 402(3)
relating to the Securities of such series which shall be subject to covenant
defeasance, and, if the Securities of such series are subject to repurchase or
repayment at the option of the Holders thereof pursuant to Article Thirteen, if
the Company’s obligation to repurchase or repay such Securities will not be
subject to satisfaction and discharge pursuant to Section 401 or to defeasance
pursuant to Section 402, and, if the Holders of such Securities have the right
to convert or exchange such Securities into Common Shares or other securities or
property, if the right to effect such conversion or exchange will be subject to
satisfaction and discharge pursuant to Section 401 or to defeasance or covenant
defeasance pursuant to Section 402, and any deletions from, or modifications or
additions to, the provisions of Article Four in respect of the Securities of
such series; 

(20) if any
of such Securities are to be issuable upon the exercise of warrants, and the
time, manner and place for such Securities to be authenticated and delivered;

(21) if any
of such Securities are issuable in global form and are to be issuable in
definitive form (whether upon original issue or upon exchange of a temporary
Security) only upon receipt of certain certificates or other documents or
satisfaction of other conditions, then the form and terms of such certificates,
documents or conditions; 

(22) whether and under what circumstances the Company will pay Additional
Amounts on such Securities to any Holder who is a United States Alien in respect
of specified taxes, assessments or other government charges and, if so, whether
the Company will have the option to redeem such Securities rather than pay such
Additional Amounts; 

(23) if
there is more than one Trustee, the identity of the Trustee and, if not the
Trustee, the identity of each Security Registrar, Paying Agent or Authenticating
Agent with respect to such Securities; 

(24) the
Person to whom any interest on any Registered Security of such series shall be
payable, if other than the Person in whose name the Registered Security (or one
or more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest, the manner in which, or the Person to
whom, any interest on any Bearer Security of such series shall be payable, if
other than upon presentation and surrender of the Coupons appertaining thereto
as they severally mature, and the extent to which, or the manner in which, any
interest payable on a temporary global Security will be paid if other than in
the manner provided in this Indenture; 

(25) whether the Securities of such series are to be secured by any property,
assets or other collateral and, if so, the applicable collateral, any deletions
from, or modifications or additions to, the provisions of Article Sixteen hereof
or any other provisions of this Indenture in connection therewith or in
connection with any other instrument or agreement entered into in connection
therewith; and

24

(26) any
other terms of such Securities (whether or not such other terms are consistent
or inconsistent with any other terms of this Indenture) and any deletions from
or modifications or additions to this Indenture in respect of such Securities.

All Securities of any one
series and all Coupons, if any, appertaining to Bearer Securities of such series
shall be substantially identical except as to Currency of payments due
thereunder, denomination and the rate of interest, or method of determining the
rate of interest, if any, Maturity, and the date from which interest, if any,
shall accrue and except as may otherwise be provided by the Company in or
pursuant to the Board Resolution and set forth in the Officers’ Certificate or
in any indenture or indentures supplemental hereto pertaining to such series of
Securities. The terms of the Securities of any series may provide, without
limitation, that the Securities shall be authenticated and delivered by the
Trustee on original issue from time to time upon written or (if acceptable to
the Trustee) oral order of persons designated in the Board Resolution, Officers’
Certificate or supplemental indenture, as the case may be, pertaining to such
series of Securities (telephonic instructions to be promptly confirmed in
writing by such person) and that such persons are authorized to determine,
consistent with such Board Resolution, Officers’ Certificate or supplemental
indenture, such terms and conditions of the Securities of such series as are
specified in such Board Resolution, Officers’ Certificate or supplemental
indenture. All Securities of any one series need not be issued at the same time
and, unless otherwise provided by the Company as contemplated by this Section
301, a series may be reopened from time to time without the consent of any
Holders for issuances of additional Securities of such series. 

If any of the terms of the
Securities of any series shall be established by action taken by or pursuant to
one or more Board Resolutions, such Board Resolutions shall be delivered to the
Trustee at or prior to the delivery of the Officers’ Certificate setting forth
the terms of such series. 

Section 302. Currency; Denominations. 

Unless otherwise provided in
or pursuant to this Indenture, the principal of, any premium and interest on and
any Additional Amounts with respect to the Securities shall be payable in
Dollars. Unless otherwise provided in or pursuant to this Indenture, Registered
Securities denominated in Dollars shall be issuable in registered form without
Coupons in denominations of $1,000 and any integral multiples thereof, and the
Bearer Securities denominated in Dollars shall be issuable in the denomination
of $5,000. Securities not denominated in Dollars shall be issuable in such
denominations as are established with respect to such Securities in or pursuant
to this Indenture. 

Section 303. Execution, Authentication, Delivery and Dating. 

Securities shall be executed
on behalf of the Company by its Chairman, its Chief Executive Officer, its
President or one of its Vice Presidents and by its Treasurer, one of its
Assistant Treasurers, its Secretary or one of its Assistant Secretaries and may
(but need not) have its corporate or other seal or a facsimile thereof
reproduced thereon. Coupons shall be executed on behalf of the Company by its
Chairman, its Chief Executive Officer, its President or any of its Vice Presidents. The signature of any of these
officers on the Securities or any Coupons appertaining thereto may be manual or
facsimile. 

25

Securities and any Coupons
appertaining thereto bearing the manual or facsimile signatures of individuals
who were at any time the proper officers of the Company shall, to the fullest
extent permitted by law, bind the Company, notwithstanding that such individuals
or any of them have ceased to hold such offices prior to the authentication and
delivery of such Securities or did not hold such offices at the date of such
Securities or Coupons. 

At any time and from time to
time after the execution and delivery of this Indenture, the Company may deliver
Securities, together with any Coupons appertaining thereto, executed by the
Company, to the Trustee for authentication and, provided that the Board
Resolution and Officers’ Certificate or supplemental indenture or indentures
with respect to such Securities referred to in Section 301 and a Company Order
for the authentication and delivery of such Securities have been delivered to
the Trustee, the Trustee in accordance with the Company Order and subject to the
provisions hereof and of such Securities shall authenticate and deliver such
Securities. In authenticating such Securities, and accepting the additional
responsibilities under this Indenture in relation to such Securities and any
Coupons appertaining thereto, the Trustee shall receive, and (subject to the
applicable provisions of Sections 315(a) through 315(d) of the Trust Indenture
Act) shall be fully protected in conclusively relying upon, an Opinion of
Counsel to the following effect, which Opinion of Counsel may contain such
assumptions, qualifications and limitations as such counsel shall deem
appropriate: 

(a) the
form or forms and terms of such Securities and Coupons, if any, have been
established in conformity with Section 201 and Section 301 of this Indenture;
and 

(b) all
conditions precedent set forth in Section 201, Section 301 and Section 303 of
this Indenture to the authentication and delivery of such Securities and
Coupons, if any, appertaining thereto have been complied with and that such
Securities, and Coupons, when completed by appropriate insertions (if
applicable), executed by duly authorized officers of the Company, delivered by
duly authorized officers of the Company to the Trustee for authentication
pursuant to this Indenture, and authenticated and delivered by the Trustee and
issued by the Company in the manner and subject to any conditions specified in
such Opinion of Counsel, will constitute valid and binding obligations of the
Company, enforceable against the Company in accordance with their terms, except
as enforcement thereof may be subject to or limited by bankruptcy, insolvency,
reorganization, moratorium, arrangement, fraudulent conveyance, fraudulent
transfer or other similar laws relating to or affecting creditors’ rights
generally, and subject to general principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at law). 

If all the Securities of any
series are not to be issued at one time, it shall not be necessary to deliver an
Opinion of Counsel at the time of issuance of each Security, but such opinion,
with such modifications as counsel shall deem appropriate, shall be delivered at
or before the time of issuance of the first Security of such series. After any
such first delivery, any separate request by the Company that the Trustee
authenticate Securities of such series for original issue will be deemed to be a
certification by the Company that all conditions precedent provided for in this
Indenture relating to authentication and
delivery of such Securities continue to have been complied with.

26

The Trustee shall not be
required to authenticate or to cause an Authenticating Agent to authenticate any
Securities if the issue of such Securities pursuant to this Indenture will
affect the Trustee’s own rights, duties or immunities under the Securities and
this Indenture or otherwise in a manner which is not reasonably acceptable to
the Trustee or if the Trustee, being advised by counsel, determines that such
action may not lawfully be taken. 

Each Registered Security shall
be dated the date of its authentication. Each Bearer Security and any Bearer
Security in global form shall be dated as of the date specified in or pursuant
to this Indenture. 

No Security or Coupon
appertaining thereto shall be entitled to any benefit under this Indenture or be
valid or obligatory for any purpose, unless there appears on such Security a
certificate of authentication substantially in the form provided for in Section
202 or Section 611 executed by or on behalf of the Trustee or by the
Authenticating Agent by the manual signature of one of its authorized
signatories. Such certificate upon any Security shall be conclusive evidence,
and the only evidence, that such Security has been duly authenticated and
delivered hereunder. Except as permitted by Section 306 or Section 307 or as may
otherwise be provided in or pursuant to this Indenture, the Trustee shall not
authenticate and deliver any Bearer Security unless all Coupons appertaining
thereto then matured have been detached and cancelled. 

Section 304. Temporary Securities. 

Pending the preparation of
definitive Securities, the Company may execute and deliver to the Trustee and,
upon Company Order, the Trustee shall authenticate and deliver, in the manner
provided in Section 303, temporary Securities in lieu thereof which are printed,
lithographed, typewritten, mimeographed or otherwise produced, in any authorized
denomination, substantially of the tenor of the definitive Securities in lieu of
which they are issued, in registered form or, if authorized in or pursuant to
this Indenture, in bearer form with one or more Coupons or without Coupons and
with such appropriate insertions, omissions, substitutions and other variations
as the officers of the Company executing such Securities may determine, as
conclusively evidenced by their execution of such Securities. Such temporary
Securities may be in global form. 

Except in the case of
temporary Securities in global form, which shall be exchanged in accordance with
the provisions set forth in this Indenture or the provisions established
pursuant to Section 301, if temporary Securities are issued, the Company shall
cause definitive Securities to be prepared without unreasonable delay. Except as
otherwise provided in or pursuant to this Indenture, after the preparation of
definitive Securities of the same series and containing terms and provisions
that are identical to those of any temporary Securities, such temporary
Securities shall be exchangeable for such definitive Securities upon surrender
of such temporary Securities at an Office or Agency for such Securities, without
charge to any Holder thereof. Except as otherwise provided in or pursuant to
this Indenture, upon surrender for cancellation of any one or more temporary
Securities (accompanied by any unmatured Coupons appertaining thereto), the
Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a like principal amount of
definitive Securities of authorized denominations of the same series and
containing identical terms and provisions; provided, however, that no definitive
Bearer Security, except as provided in or pursuant to this Indenture, shall be
delivered in exchange for a temporary Registered Security; and provided,
further, that a definitive Bearer Security shall be delivered in exchange for a
temporary Bearer Security only in compliance with the conditions set forth in or
pursuant to this Indenture. Unless otherwise provided in or pursuant to this
Indenture with respect to a temporary global Security, until so exchanged the
temporary Securities of any series shall in all respects be entitled to the same
benefits under this Indenture as definitive Securities of such series.

27

Section 305. Registration, Transfer and Exchange. 

With respect to the Registered
Securities of each series, if any, the Company shall cause to be kept a register
(each such register being herein sometimes referred to as the “Security
Register”) at an Office or Agency for such series in which, subject to such
reasonable regulations as it may prescribe, the Company shall provide for the
registration of the Registered Securities of such series and of transfers of the
Registered Securities of such series. Such Office or Agency shall be the
“Security Registrar” for that series of Securities. Unless otherwise specified
in or pursuant to this Indenture or the Securities, the initial Security
Registrar for each series of Securities shall be as specified in the last
paragraph of Section 1002. The Company shall have the right to remove and
replace from time to time the Security Registrar for any series of Securities;
provided that no such removal or replacement shall be effective until a
successor Security Registrar with respect to such series of Securities shall
have been appointed by the Company and shall have accepted such appointment. In
the event that the Trustee shall not be or shall cease to be Security Registrar
with respect to a series of Securities, it shall have the right to examine the
Security Register for such series at all reasonable times. There shall be only
one Security Register for each series of Securities. 

Except as otherwise provided
in or pursuant to this Indenture, upon surrender for registration of transfer of
any Registered Security of any series at any Office or Agency for such series,
the Company shall execute, and the Trustee shall authenticate and deliver, in
the name of the designated transferee or transferees, one or more new Registered
Securities of the same series denominated as authorized in or pursuant to this
Indenture, of a like aggregate principal amount bearing a number not
contemporaneously outstanding and containing identical terms and provisions.

Except as otherwise provided
in or pursuant to this Indenture, at the option of the Holder, Registered
Securities of any series may be exchanged for other Registered Securities of the
same series containing identical terms and provisions, in any authorized
denominations, and of a like aggregate principal amount, upon surrender of the
Securities to be exchanged at any Office or Agency for such series. Whenever any
Registered Securities are so surrendered for exchange, the Company shall
execute, and the Trustee shall authenticate and deliver, the Registered
Securities which the Holder making the exchange is entitled to receive.

28

If provided in or pursuant to
this Indenture, with respect to Securities of any series, at the option of the
Holder, Bearer Securities of such series may be exchanged for Registered
Securities of such series containing identical terms, denominated as authorized
in or pursuant to this Indenture and in the same aggregate principal
amount, upon surrender of the Bearer Securities to be exchanged at any Office or
Agency for such series, with all unmatured Coupons and all matured Coupons in
default thereto appertaining. If the Holder of a Bearer Security is unable to
produce any such unmatured Coupon or Coupons or matured Coupon or Coupons in
default, such exchange may be effected if the Bearer Securities are accompanied
by payment in funds acceptable to the Company and the Trustee in an amount equal
to the face amount of such missing Coupon or Coupons, or the surrender of such
missing Coupon or Coupons may be waived by the Company and the Trustee if there
is furnished to them such security or indemnity as they may require to save each
of them and any Paying Agent harmless from and against any and all loss,
liability or expense. If thereafter the Holder of such Bearer Security shall
surrender to any Paying Agent any such missing Coupon in respect of which such a
payment shall have been made, such Holder shall be entitled to receive the
amount of such payment; provided, however, that, except as otherwise provided in
Section 1002, interest represented by Coupons shall be payable only upon
presentation and surrender of those Coupons at an Office or Agency for such
series located outside the United States. Notwithstanding the foregoing, in case
a Bearer Security of any series is surrendered at any such Office or Agency for
such series in exchange for a Registered Security of such series and like tenor
after the close of business at such Office or Agency on (i) any Regular Record
Date and before the opening of business at such Office or Agency on the relevant
Interest Payment Date, or (ii) any Special Record Date and before the opening of
business at such Office or Agency on the related date for payment of Defaulted
Interest, such Bearer Security shall be surrendered without the Coupon relating
to such Interest Payment Date or proposed date of payment, as the case may be
(or, if such Coupon is so surrendered with such Bearer Security, such Coupon
shall be returned to the Person so surrendering the Bearer Security), and
interest or Defaulted Interest, as the case may be, shall not be payable on such
Interest Payment Date or proposed date for payment, as the case may be, in
respect of the Registered Security issued in exchange for such Bearer Security,
but shall be payable only to the Holder of such Coupon when due in accordance
with the provisions of this Indenture. 

If provided in or pursuant to
this Indenture with respect to Securities of any series, at the option of the
Holder, Registered Securities of such series may be exchanged for Bearer
Securities upon such terms and conditions as may be provided in or pursuant to
this Indenture with respect to such series. 

Whenever any Securities are
surrendered for exchange as contemplated by the immediately preceding two
paragraphs, the Company shall execute, and the Trustee shall authenticate and
deliver, the Securities which the Holder making the exchange is entitled to
receive. 

Notwithstanding the foregoing,
except as otherwise provided in or pursuant to this Indenture, the global
Securities of any series shall be exchangeable for definitive certificated
Securities of such series only if (i) the Depository for such global Securities
notifies the Company that it is unwilling or unable to continue as a Depository
for such global Securities or at any time the Depository for such global
Securities ceases to be a clearing agency registered as such under the Exchange
Act, if so required by applicable law or regulation, and no successor Depository
for such Securities shall have been appointed within 90 days of such
notification or of the Company becoming aware of the Depository’s ceasing to be
so registered, as the case may be, (ii) the
Company, in its sole discretion, determines that the Securities of such series
shall no longer be represented by one or more global Securities and executes and
delivers to the Trustee a Company Order to the effect that such global
Securities shall be so exchangeable, or (iii) an Event of Default has occurred
and is continuing with respect to such Securities. 

29

If the beneficial owners of
interests in a global Security are entitled to exchange such interests for
definitive Securities as the result of an event described in clause (i), (ii) or
(iii) of the preceding paragraph, then without unnecessary delay but in any
event not later than the earliest date on which such interests may be so
exchanged, the Company shall deliver to the Trustee definitive Securities in
such form and denominations as are required by or pursuant to this Indenture,
and of the same series, containing identical terms and in aggregate principal
amount equal to the principal amount of such global Security, executed by the
Company. On or after the earliest date on which such interests may be so
exchanged, such global Security shall be surrendered from time to time by the
Depository (or its custodian) as shall be specified in the Company Order with
respect thereto (which the Company agrees to deliver), and in accordance with
instructions given to the Trustee and the Depository (which instructions shall
be in writing but need not be contained in or accompanied by an Officers’
Certificate or be accompanied by an Opinion of Counsel), as shall be specified
in the Company Order with respect thereto to the Trustee, as the Company’s agent
for such purpose, to be exchanged, in whole or in part, for definitive
Securities as described above without charge. The Trustee shall authenticate and
make available for delivery, in exchange for each portion of such surrendered
global Security, a like aggregate principal amount of definitive Securities of
the same series of authorized denominations and of like tenor as the portion of
such global Security to be exchanged, which (unless such Securities are not
issuable both as Bearer Securities and as Registered Securities, in which case
the definitive Securities exchanged for the global Security shall be issuable
only in the form in which the Securities are issuable, as provided in or
pursuant to this Indenture) shall be in the form of Bearer Securities or
Registered Securities, or any combination thereof, and which shall be in such
denominations and, in the case of Registered Securities, registered in such
names, as shall be specified by the Depository, but subject to the satisfaction
of any certification or other requirements to the issuance of Bearer Securities;
provided, however, that no such exchanges may occur during a period beginning at
the opening of business 15 days before any selection of Securities of the same
series to be redeemed and ending on the relevant Redemption Date; and provided,
further, that (unless otherwise provided in or pursuant to this Indenture) no
Bearer Security delivered in exchange for a portion of a global Security shall
be mailed or otherwise delivered to any location in the United States. Promptly
following any such exchange in part, such global Security shall be returned by
the Trustee to such Depository (or its custodian) or such other Depository (or
its custodian) referred to above in accordance with the instructions of the
Company referred to above, and the Trustee shall endorse such global Security to
reflect the decrease in the principal amount thereof resulting from such
exchange. If a Registered Security is issued in exchange for any portion of a
global Security after the close of business at the Office or Agency for such
Security where such exchange occurs on or after (i) any Regular Record Date for
such Security and before the opening of business at such Office or Agency on the
next Interest Payment Date, or (ii) any Special Record Date for such Security
and before the opening of business at such Office or Agency on the related
proposed date for payment of interest or Defaulted Interest, as the case may be,
interest shall not be payable on such Interest Payment Date or proposed date for
payment, as the case may be, in respect of such Registered Security, but shall
be payable on such Interest Payment Date or proposed date for payment, as the
case may be, only to the Person to whom interest in respect of such portion of
such global Security shall be payable in accordance with the provisions of this
Indenture. 

30

All Securities issued upon any
registration of transfer or exchange of Securities shall be the valid
obligations of the Company evidencing the same debt and entitling the Holders
thereof to the same benefits under this Indenture as the Securities surrendered
upon such registration of transfer or exchange. 

Every Registered Security
presented or surrendered for registration of transfer or for exchange or
redemption shall (if so required by the Company or the Security Registrar for
such Security) be duly endorsed, or be accompanied by a written instrument of
transfer in form satisfactory to the Company and the Security Registrar for such
Security duly executed by the Holder thereof or his attorney duly authorized in
writing. 

No service charge shall be
made for any registration of transfer or exchange of Securities, or any
redemption or repayment of Securities, or any conversion or exchange of
Securities for other types of securities or property, but the Company may
require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any registration of transfer or
exchange of Securities, other than exchanges pursuant to Section 304, Section
905 or Section 1107, upon repayment or repurchase in part of any Registered
Security pursuant to Article Thirteen, or upon surrender in part of any
Registered Security for conversion or exchange into Common Shares or other
securities or property pursuant to its terms, in each case not involving any
transfer. 

Except as otherwise provided
in or pursuant to this Indenture, the Company shall not be required (i) to
issue, register the transfer of or exchange any Securities during a period
beginning at the opening of business 15 days before the day of the mailing of
notice of redemption of Securities of like tenor and terms and of the same
series under Section 1103 and ending at the close of business on the day of such
mailing, or (ii) to register the transfer of or exchange any Registered
Security, or portion thereof, so selected for redemption, except in the case of
any Registered Security to be redeemed in part, the portion thereof not to be
redeemed, or (iii) to exchange any Bearer Security so selected for redemption
except, to the extent provided with respect to such Bearer Security, that such
Bearer Security may be exchanged for a Registered Security of like tenor and
terms and of the same series, provided that such Registered Security shall be
simultaneously surrendered for redemption with written instruction for payment
consistent with the provisions of this Indenture or (iv) to issue, register the
transfer of or exchange any Security which, in accordance with its terms, has
been surrendered for repayment at the option of the Holder pursuant to Article
Thirteen and not withdrawn, except the portion, if any, of such Security not to
be so repaid. 

The Trustee shall have no
obligation or duty to monitor, determine or inquire as to compliance with any
restrictions on transfer imposed under this Indenture or under applicable law
with respect to any transfer of any interest in any Security (including any
transfers between or among Depository participants or beneficial owners of
interests in any global Security) other than to require delivery of such
certificates and other documentation or evidence as are expressly required by,
and to do so if and when expressly required by the terms of, this Indenture, and
to examine the same to determine substantial
compliance as to form with the express requirements hereof. 

31

Neither the Trustee nor any
agent shall have any responsibility for any actions taken or not taken by the
Depository. 

Section 306. Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security or a
Security with a mutilated Coupon appertaining to it is surrendered to the
Trustee, subject to the provisions of this Section 306, the Company shall
execute and the Trustee shall authenticate and deliver in exchange therefor a
new Security of the same series containing identical terms and of like principal
amount and bearing a number not contemporaneously outstanding, with Coupons
appertaining thereto corresponding to the Coupons, if any, appertaining to the
surrendered Security. 

If there be delivered to the
Company and to the Trustee (i) evidence to their satisfaction of the
destruction, loss or theft of any Security or Coupon, and (ii) such security or
indemnity as may be required by them to save each of them and any agent of
either of them harmless from and against any and all loss, liability or expense,
then, in the absence of notice to the Company or the Trustee that such Security
or Coupon has been acquired by a bona fide purchaser, the Company shall execute
and, upon the Company’s request the Trustee shall authenticate and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or stolen
Security or in exchange for the Security to which a destroyed, lost or stolen
Coupon appertains with all appurtenant Coupons not destroyed, lost or stolen, a
new Security of the same series containing identical terms and of like principal
amount and bearing a number not contemporaneously outstanding, with Coupons
corresponding to the Coupons, if any, appertaining to such destroyed, lost or
stolen Security or to the Security to which such destroyed, lost or stolen
Coupon appertains. 

Notwithstanding the foregoing
provisions of this Section 306, in case any mutilated, destroyed, lost or stolen
Security or Coupon has become or is about to become due and payable, the Company
in its discretion may, instead of issuing a new Security, pay such Security or
Coupon; provided, however, that payment of principal of, any premium or interest
on or any Additional Amounts with respect to any Bearer Securities shall, except
as otherwise provided in Section 1002, be payable only at an Office or Agency
for such Securities located outside the United States and, unless otherwise
provided in or pursuant to this Indenture, any interest on Bearer Securities and
any Additional Amounts with respect to such interest shall be payable only upon
presentation and surrender of the Coupons appertaining thereto. 

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

Every new Security, with any
Coupons appertaining thereto issued pursuant to this Section in lieu of any
destroyed, lost or stolen Security, or in exchange for a Security to which a
destroyed, lost or stolen Coupon appertains shall constitute a separate
obligation of the Company, whether or not the destroyed, lost or stolen Security
and Coupons appertaining thereto or the
destroyed, lost or stolen Coupon shall be at any time enforceable by anyone, and
shall be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Securities of such series and any
Coupons, if any, duly issued hereunder. 

32 

The provisions of this
Section, as amended or supplemented pursuant to this Indenture with respect to
particular Securities or generally, shall (to the extent lawful) be exclusive
and shall preclude (to the extent lawful) all other rights and remedies with
respect to the replacement or payment of mutilated, destroyed, lost or stolen
Securities or Coupons. 

	
             Section
      307. 
	
      Payment of Interest
      and Certain Additional Amounts; Rights to Interest and Certain Additional
      Amounts Preserved. 

Unless otherwise provided in
or pursuant to this Indenture, any interest on and any Additional Amounts with
respect to any Registered Security which shall be payable, and are punctually
paid or duly provided for, on any Interest Payment Date shall be paid to the
Person in whose name such Security (or one or more Predecessor Securities) is
registered as of the close of business on the Regular Record Date for such
interest. Unless otherwise provided in or pursuant to this Indenture, in case a
Bearer Security is surrendered in exchange for a Registered Security after the
close of business at an Office or Agency for such Security on any Regular Record
Date therefor and before the opening of business at such Office or Agency on the
next succeeding Interest Payment Date therefor, such Bearer Security shall be
surrendered without the Coupon relating to such Interest Payment Date and
interest shall not be payable on such Interest Payment Date in respect of the
Registered Security issued in exchange for such Bearer Security, but shall be
payable only to the Holder of such Coupon when due in accordance with the
provisions of this Indenture. 

Unless otherwise provided in
or pursuant to this Indenture, any interest on and any Additional Amounts with
respect to any Registered Security which shall be payable, but shall not be
punctually paid or duly provided for, on any Interest Payment Date for such
Registered Security (herein called “Defaulted Interest”) shall forthwith cease
to be payable to the Holder thereof on the relevant Regular Record Date by
virtue of having been such Holder; and such Defaulted Interest may be paid by
the Company, at its election in each case, as provided in Clause (1) or (2)
below: 

33 

(1) The
Company may elect to make payment of any Defaulted Interest to the Person in
whose name such Registered Security (or a Predecessor Security thereof) shall be
registered at the close of business on a Special Record Date for the payment of
such Defaulted Interest, which shall be fixed in the following manner. The
Company shall notify the Trustee in writing of the amount of Defaulted Interest
proposed to be paid on such Registered Security and the date of the proposed
payment, and at the same time the Company shall deposit with the Trustee an
amount of money equal to the aggregate amount proposed to be paid in respect of
such Defaulted Interest or shall make arrangements satisfactory to the Trustee
for such deposit on or prior to the date of the proposed payment, such money
when so deposited to be held in trust for the benefit of the Person entitled to
such Defaulted Interest as in this Clause provided. Thereupon, the Trustee shall
fix a Special Record Date for the payment of such Defaulted Interest which shall
be not more than 15 days and not less than 10 days prior to the date of the
proposed payment and not less than 10 days after the receipt by the Trustee of
the notice of the proposed payment. The Trustee shall promptly notify the
Company of such Special Record Date and, in the name and at the expense of the
Company shall cause notice of the proposed payment of such Defaulted Interest
and the Special Record Date therefor to be mailed, first-class postage prepaid,
to the Holder of such Registered Security (or a Predecessor Security thereof) at
his address as it appears in the Security Register not less than 10 days prior
to such Special Record Date. The Trustee may, in its discretion, in the name and
at the expense of the Company cause a similar notice to be published at least
once in an Authorized Newspaper of general circulation in the Borough of
Manhattan, The City of New York, but such publication shall not be a condition
precedent to the establishment of such Special Record Date. Notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor
having been mailed as aforesaid, such Defaulted Interest shall be paid to the
Person in whose name such Registered Security (or a Predecessor Security
thereof) shall be registered at the close of business on such Special Record
Date and shall no longer be payable pursuant to the following clause (2). In
case a Bearer Security is surrendered at the Office or Agency for such Security
in exchange for a Registered Security after the close of business at such Office
or Agency on any Special Record Date and before the opening of business at such
Office or Agency on the related proposed date for payment of Defaulted Interest,
such Bearer Security shall be surrendered without the Coupon relating to such
Defaulted Interest and Defaulted Interest shall not be payable on such proposed
date of payment in respect of the Registered Security issued in exchange for
such Bearer Security, but shall be payable only to the Holder of such Coupon
when due in accordance with the provisions of this Indenture. 

(2) The
Company may make payment of any Defaulted Interest in any other lawful manner
not inconsistent with the requirements of any securities exchange on which such
Security may be listed, and upon such notice as may be required by such
exchange, if, after notice given by the Company to the Trustee of the proposed
payment pursuant to this Clause, such payment shall be deemed practicable by the
Trustee. 

Unless otherwise provided in
or pursuant to this Indenture or the Securities of any particular series, at the
option of the Company, interest on Registered Securities that bear interest may
be paid by mailing a check to the address of the Person entitled thereto as such
address shall appear in the Security Register or by transfer to an account
maintained by the payee with a bank located in the United States of America.

Subject to the foregoing
provisions of this Section and Section 305, each Security delivered under this
Indenture upon registration of transfer of or in exchange for or in lieu of any
other Security shall carry the rights to interest accrued and unpaid, and to
accrue, which were carried by such other Security. 

Section 308. Persons Deemed Owners. 

Prior to due presentment of a
Registered Security for registration of transfer, the Company, the Trustee and
any agent of the Company or the Trustee may treat the Person in whose name such
Registered Security is registered in the Security Register as the owner of such
Registered Security for the purpose of receiving payment of principal of, any
premium and (subject to Section 305 and Section 307) interest on and any
Additional Amounts with respect to such Registered Security and for all other
purposes whatsoever, whether or not any payment with respect to such Registered Security shall be
overdue, and none of the Company, the Trustee or any agent of the Company or the
Trustee shall be affected by notice to the contrary. 

34

The Company, the Trustee and
any agent of the Company or the Trustee may treat the bearer of any Bearer
Security or the bearer of any Coupon as the absolute owner of such Security or
Coupon for the purpose of receiving payment thereof or on account thereof and
for all other purposes whatsoever, whether or not any payment with respect to
such Security or Coupon shall be overdue, and none of the Company, the Trustee
or any agent of the Company or the Trustee shall be affected by notice to the
contrary. 

No holder of any beneficial
interest in any global Security held on its behalf by a Depository shall have
any rights under this Indenture with respect to such global Security, and such
Depository may be treated by the Company, the Trustee, and any agent of the
Company or the Trustee as the owner of such global Security for all purposes
whatsoever. None of the Company, the Trustee, any Paying Agent or the Security
Registrar will have any responsibility or liability for any aspect of the
records relating to or payments made on account of beneficial ownership
interests of a global Security or for maintaining, supervising or reviewing any
records relating to such beneficial ownership interests. 

Notwithstanding the foregoing,
nothing herein shall prevent the Company, the Trustee, any Paying Agent or the
Security Registrar from giving effect to any written certification, proxy or
other authorization furnished by the applicable Depository, as a Holder, with
respect to a global Security or impair, as between such Depository and the
owners of beneficial interests in such global Security, the operation of
customary practices governing the exercise of the rights of such Depository (or
its nominee) as the Holder of such global Security. 

Section 309. Cancellation. 

All Securities and Coupons
surrendered for payment, redemption, registration of transfer, exchange or
conversion or for credit against any sinking fund payment shall, if surrendered
to any Person other than the Trustee, be delivered to the Trustee, and any such
Securities and Coupons, as well as Securities and Coupons surrendered directly
to the Trustee for any such purpose, shall be cancelled promptly by the Trustee.
The Company may at any time deliver to the Trustee for cancellation any
Securities previously authenticated and delivered hereunder which the Company
may have acquired in any manner whatsoever, and all Securities so delivered
shall be cancelled promptly by the Trustee. No Securities shall be authenticated
in lieu of or in exchange for any Securities cancelled as provided in this
Section, except as expressly permitted by or pursuant to this Indenture. All
cancelled Securities and Coupons held by the Trustee shall be disposed of by the
Trustee in accordance with its customary procedures. 

Section 310. Computation of Interest. 

Except as otherwise provided
in or pursuant to this Indenture or in the Securities of any series, interest on
the Securities shall be computed on the basis of a 360-day year of twelve 30-day
months. 

35

Section 311. CUSIP Numbers. 

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

ARTICLE FOUR

SATISFACTION AND
DISCHARGE OF INDENTURE 

Section 401. Satisfaction and Discharge. 

Unless, pursuant to Section
301, the provisions of this Section 401 shall not be applicable with respect to
the Securities of any series, upon the direction of the Company by a Company
Order, this Indenture shall cease to be of further effect with respect to any
series of Securities specified in such Company Order and any Coupons
appertaining thereto, and the Trustee, on receipt of a Company Order, at the
expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture as to such series, when 

(1) either

(a) all
Securities of such series theretofore authenticated and delivered and all
Coupons appertaining thereto (other than (i) Coupons appertaining to Bearer
Securities of such series surrendered in exchange for Registered Securities of
such series and maturing after such exchange whose surrender is not required or
has been waived as provided in Section 305, (ii) Securities and Coupons of such
series which have been destroyed, lost or stolen and which have been replaced or
paid as provided in Section 306, (iii) Coupons appertaining to Securities of
such series called for redemption and maturing after the relevant Redemption
Date whose surrender has been waived as provided in Section 1106, and (iv)
Securities and Coupons of such series for whose payment money has theretofore
been deposited in trust or segregated and held in trust by the Company and
thereafter repaid to the Company or discharged from such trust, as provided in
Section 1103) have been delivered to the Trustee for cancellation; or

(b) all
Securities of such series and, in the case of (i) or (ii) below, if applicable,
any Coupons appertaining thereto not theretofore delivered to the Trustee for
cancellation

(i) have
become due and payable, or 

(ii) will
become due and payable at their Stated Maturity within one year, or 

36 

(iii) if
redeemable at the option of the Company, are to be called for redemption within
one year under arrangements satisfactory to the Trustee for the giving of notice
of redemption by the Trustee in the name, and at the expense, of the Company,

and the Company, in the case
of (i), (ii) or (iii) above, has deposited or caused to be deposited with the
Trustee as trust funds in trust for such purpose, money in the Currency in which
such Securities are payable in an amount sufficient to pay and discharge the
entire indebtedness on such Securities and any Coupons appertaining thereto not
theretofore delivered to the Trustee for cancellation, including the principal
of, any premium and interest on, and, to the extent that the Securities of such
series provide for the payment of Additional Amounts thereon and the amount of
any such Additional Amounts which are or will be payable with respect to the
Securities of such series is at the time of deposit reasonably determinable by
the Company (in the exercise by the Company of its sole and absolute
discretion), any Additional Amounts with respect to, such Securities and any
Coupons appertaining thereto, to the date of such deposit (in the case of
Securities which have become due and payable) or to the Maturity thereof, as the
case may be; 

(2) the
Company has paid or caused to be paid all other sums payable hereunder by the
Company with respect to the Outstanding Securities of such series and any
Coupons appertaining thereto; and 

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

In the event there are
Securities of two or more series Outstanding hereunder, the Trustee shall be
required to execute an instrument acknowledging satisfaction and discharge of
this Indenture only if requested to do so with respect to Securities of such
series as to which it is Trustee and if the other conditions thereto are met.

Notwithstanding the
satisfaction and discharge of this Indenture with respect to any series of
Securities, the obligations of the Company to the Trustee under Section 606 and,
if money shall have been deposited with the Trustee pursuant to subclause (b) of
clause (1) of this Section, the respective obligations of the Company and the
Trustee with respect to the Securities of such series under Section 305, Section
306, Section 403, Section 404, Section 1102 and Section 1103, any rights of
Holders of the Securities of such series (unless otherwise provided pursuant to
Section 301 with respect to the Securities of such series) to convert or
exchange, and the obligations of the Company to convert or exchange, such
Securities into Common Shares or other securities or property, and, if expressly
provided pursuant to Section 301 with respect to the Securities of such series,
any rights of Holders of the Securities of such series to require the Company to
repurchase or repay, and the obligations of the Company to repurchase or repay,
such Securities at the option of such Holders as contemplated by Article
Thirteen hereof, shall survive, and, if the Securities of such series provide
for the payment of Additional Amounts pursuant to Section 1104,
the Company will remain obligated, following satisfaction and discharge of this
Indenture with respect to the Securities of such series, to pay Additional
Amounts with respect to such Securities as contemplated by Section
1104, to the extent (and only to the extent) that the Additional Amounts payable
with respect to such Securities exceed the
amount deposited in respect of such Additional Amounts pursuant to subclause (b)
of clause (1) of this Section. 

37

Section 402. Defeasance and Covenant Defeasance. 

(1) Unless, pursuant to Section 301, either or both of (i) defeasance of the
Securities of or within a series under clause (2) of this Section 402 or (ii)
covenant defeasance of the Securities of or within a series under clause (3) of
this Section 402 shall not be applicable with respect to the Securities of such
series, then such provisions, together with the other provisions of this Section
402 (with such modifications thereto as may be specified pursuant to Section 301
with respect to any Securities), shall be applicable to such Securities and any
Coupons appertaining thereto, and the Company may at its option by Board
Resolution, at any time, with respect to the Securities of or within such series
and any Coupons appertaining thereto, elect to have Section 402(2) or Section
402(3) be applied to such Outstanding Securities and any Coupons appertaining
thereto upon compliance with the conditions set forth below in this Section 402.
Unless otherwise specified pursuant to Section 301 with respect to the
Securities of any series, defeasance under clause (2) of this Section 402 and
covenant defeasance under clause (3) of this Section 402 may be effected with
respect to any or all of the Outstanding Securities of any series. To the extent
that the terms of any Security or Coupon appertaining thereto established in or
pursuant to this Indenture permit the Company or any Holder thereof to extend
the date on which any payment of principal of, or premium, if any, or interest,
if any, on, or Additional Amounts, if any, with respect to such Security or
Coupon is due and payable, then unless otherwise provided pursuant to Section
301, the right to extend such date shall terminate upon defeasance or covenant
defeasance, as the case may be. 

(2) Upon
the Company’s exercise of the above option applicable to this Section 402(2)
with respect to any Securities of or within a series, the Company shall be
deemed to have been discharged from its obligations with respect to such
Outstanding Securities and any Coupons appertaining thereto on the date the
conditions set forth in clause (4) of this Section 402 are satisfied
(hereinafter, “defeasance”). For this purpose, such defeasance means that the
Company shall be deemed to have paid and discharged the entire indebtedness
represented by such Outstanding Securities and any Coupons appertaining thereto,
which shall thereafter be deemed to be “Outstanding” only for the purposes of
clause (5) of this Section 402 and the other Sections of this Indenture referred
to in clauses (i) through (iv) of this paragraph, and shall be deemed to have
satisfied all of its other obligations under such Securities and any Coupons
appertaining thereto and this Indenture insofar as such Securities and any
Coupons appertaining thereto are concerned (and the Trustee, at the expense of
the Company, shall execute proper instruments acknowledging the same), except
for the following which shall survive until otherwise terminated or discharged
hereunder: (i) the rights of Holders of such Outstanding Securities and any
Coupons appertaining thereto to receive, solely (except as provided in clause
(ii) below) from the trust fund described in clause (4)(a) of this Section 402
and as more fully set forth in this Section 402 and Section 403, payments in
respect of the principal of (and premium, if any) and interest, if any, on, and
Additional Amounts, if any, with respect to, such Securities and any Coupons
appertaining thereto when such payments are due, (ii) the obligations of the
Company and the Trustee with respect to such Securities under Section 305,
Section 306, Section 1002 and Section 1003 and, if applicable to the Securities
of such series, any rights of Holders of such Securities (unless otherwise
provided pursuant to Section 301 with respect to the Securities of such series) to convert or
exchange, and the obligations of the Company to convert or exchange, such
Securities into Common Shares or other securities or property, and, if expressly
provided pursuant to Section 301 with respect to the Securities of such series,
any rights of Holders of the Securities of such series to require the Company to
repurchase or repay, and the obligations of the Company to repurchase or repay,
such Securities at the option of such Holders as contemplated by Article
Thirteen hereof, and, if the Securities of such series provide for the payment
of Additional Amounts pursuant to Section 1004, the Company will remain
obligated, following defeasance of this Indenture with respect to the Securities
of such series, to pay Additional Amounts with respect to such Securities as
contemplated by Section 1004, to the extent (and only to the extent) that the
Additional Amounts payable with respect to such Securities exceed the amount
deposited in respect of such Additional Amounts pursuant to clause 4(a) of this
Section 402, (iii) the rights, powers, trusts, duties and immunities of the
Trustee hereunder and (iv) this Section 402 and Section 403 and Section 404. The
Company may exercise its option under this Section 402(2) notwithstanding the
prior exercise of its option under Section 402(3) with respect to such
Securities and any Coupons appertaining thereto.

38

(3) Upon
the Company’s exercise of the above option applicable to this Section 402(3)
with respect to any Securities of or within a series, the Company shall be
released from its obligations under any covenants applicable to such Securities
which are specified pursuant to Section 301 as being subject to covenant
defeasance on and after the date the conditions set forth in clause (4) of this
Section 402 are satisfied (hereinafter, “covenant defeasance”), and such
Securities and any Coupons appertaining thereto shall thereafter be deemed to be
not “Outstanding” for the purposes of any direction, waiver, consent or
declaration or Act of Holders (and the consequences of any thereof) in
connection with any such covenant, but shall continue to be deemed “Outstanding”
for all other purposes hereunder. For this purpose, such covenant defeasance
means that with respect to such Outstanding Securities and any Coupons
appertaining thereto, the Company may omit to comply with, and shall have no
liability in respect of, any term, condition or limitation set forth in any such
covenant, whether directly or indirectly, by reason of any reference elsewhere
herein to any such Section or such other covenant or by reason of reference in
any such Section or such other covenant to any other provision herein or in any
other document and such omission to comply shall not constitute a default or an
Event of Default under Section 501(5) or Section 501(11) or otherwise, as the
case may be, but, except as specified above, the remainder of this Indenture and
such Securities and Coupons appertaining thereto shall be unaffected thereby.

39 

(4) The
following shall be the conditions to application of clause (2) or (3) of this
Section 402 to any Outstanding Securities of or within a series and any Coupons
appertaining thereto: 

(a) The
Company shall irrevocably have deposited or caused to be deposited with the
Trustee (or another trustee satisfying the requirements of Section 607 who shall
agree to comply with the provisions of this Section 402 applicable to it) as
trust funds in trust for the purpose of making the following payments,
specifically pledged as security for, and dedicated solely to, the benefit of
the Holders of such Securities and any Coupons appertaining thereto, (1) an
amount in Dollars or in such Foreign Currency in which such Securities and any
Coupons appertaining thereto are then specified as payable at Stated Maturity
or, if such defeasance or covenant defeasance is to be effected in compliance with subsection (f) below, on the
relevant Redemption Date, as the case may be, or (2) Government Obligations
applicable to such Securities and Coupons appertaining thereto (determined on
the basis of the Currency in which such Securities and Coupons appertaining
thereto are then specified as payable at Stated Maturity or, if such defeasance
or covenant defeasance is to be effected in compliance with subsection (f)
below, on the relevant Redemption Date, as the case may be) which through the
scheduled payment of principal and interest in respect thereof in accordance
with their terms will provide, not later than one day before the due date of any
payment of principal of (and premium, if any) and interest, if any, on such
Securities and any Coupons appertaining thereto, money in an amount, or (3) a
combination thereof, in any case, in an amount, sufficient, without
consideration of any reinvestment of such principal and interest, in the opinion
of a nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee, to pay and discharge,
and which shall be applied by the Trustee (or other qualifying trustee) to pay
and discharge, (y) the principal of (and premium, if any) and interest, if any,
on, and, to the extent that such Securities provide for the payment of
Additional Amounts thereon and the amount of any such Additional Amounts which
are or will be payable with respect to the Securities of such series is at the
time of deposit reasonably determinable by the Company (in the exercise by the
Company of its sole and absolute discretion), any Additional Amounts with
respect to, such Outstanding Securities and any Coupons appertaining thereto on
the Stated Maturity of such principal or installment of principal or interest or
the applicable Redemption Date, as the case may be, and (z) any mandatory
sinking fund payments or analogous payments applicable to such Outstanding
Securities and any Coupons appertaining thereto on the day on which such
payments are due and payable in accordance with the terms of this Indenture and
of such Securities and any Coupons appertaining thereto. 

(b) Such
defeasance or covenant defeasance shall not result in a breach or violation of,
or constitute a default under, this Indenture. 

(c) No
Event of Default or event which with notice or lapse of time or both would
become an Event of Default with respect to such Securities and any Coupons
appertaining thereto shall have occurred and be continuing on the date of such
deposit, and, solely in the case of defeasance under Section 402(2), no Event of
Default with respect to the Company under clauses (8), (9) or (10) of Section
501 with respect to such Securities and any Coupons appertaining thereto or
event which with notice or lapse of time or both would become an Event of
Default with respect to the Company under clauses (8), (9) or (10) of Section
501 with respect to such Securities and any Coupons appertaining thereto shall
have occurred and be continuing at any time during the period ending on and
including the 91st day after the date of such deposit (it being understood that
this condition to defeasance under Section 402(2) shall not be deemed satisfied
until the expiration of such period). 

40 

(d) In the
case of defeasance pursuant to Section 402(2), the Company shall have delivered
to the Trustee an opinion of independent counsel reasonably acceptable to the
Trustee stating that (x) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling, or (y) since the date of
this Indenture there has been a change in applicable U.S. federal income
tax law, in either case to the effect that, and based thereon such opinion of
independent counsel shall confirm that, the Holders and beneficial owners of
such Outstanding Securities and any Coupons appertaining thereto will not
recognize income, gain or loss for U.S. federal income tax purposes as a result
of such defeasance and will be subject to U.S. federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if
such defeasance had not occurred; or, in the case of covenant defeasance
pursuant to Section 402(3), the Company shall have delivered to the Trustee an
opinion of independent counsel reasonably acceptable to the Trustee to the
effect that the Holders and beneficial owners of such Outstanding Securities and
any Coupons appertaining thereto will not recognize income, gain or loss for
U.S. federal income tax purposes as a result of such covenant defeasance and
will be subject to U.S. federal income tax on the same amounts, in the same
manner and at the same times as would have been the case if such covenant
defeasance had not occurred. 

(e) The
Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent to the defeasance
or covenant defeasance, as the case may be, under this Indenture have been
complied with. 

(f) If the
monies or Government Obligations or combination thereof, as the case may be,
deposited under clause (a) above are sufficient to pay the principal of, and
premium, if any, and interest, if any, on and, to the extent provided in such
clause (a), Additional Amounts with respect to, such Securities provided such
Securities are redeemed on a particular Redemption Date, the Company shall have
given the Trustee irrevocable instructions to redeem such Securities on such
date and to provide notice of such redemption to Holders as provided in or
pursuant to this Indenture. 

(g) Notwithstanding any other provisions of this Section 402(4), such
defeasance or covenant defeasance shall be effected in compliance with any
additional or substitute terms, conditions or limitations which may be imposed
on the Company in connection therewith pursuant to Section 301. 

(5) Subject to the provisions of the last paragraph of Section 1003, all
money and Government Obligations (or other property as may be provided pursuant
to Section 301) (including the proceeds thereof) deposited with the Trustee (or
other qualifying trustee—collectively for purposes of this Section 402(5) and
Section 403, the “Trustee”) pursuant to clause (4)(a) of Section 402 in respect
of any Outstanding Securities of any series and any Coupons appertaining thereto
shall be held in trust and applied by the Trustee, in accordance with the
provisions of such Securities and any Coupons appertaining thereto and this
Indenture, to the payment, either directly or through any Paying Agent (other
than the Company or any Subsidiary or Affiliate of the Company acting as Paying
Agent) as the Trustee may determine, to the Holders of such Securities and any
Coupons appertaining thereto of all sums due and to become due thereon in
respect of principal (and premium, if any) and interest and Additional Amounts,
if any, but such money need not be segregated from other funds except to the
extent required by law. 

41 

Unless otherwise specified in
or pursuant to this Indenture or any Securities, if, after a deposit referred to
in Section 402(4)(a) has been made, (a) the Holder of a Security in respect of
which such deposit was made is entitled to, and does, elect pursuant to Section
301 or the terms of such Security to receive payment in a Currency other than
that in which the deposit pursuant to Section 402(4)(a) has been made in respect
of such Security, or (b) a Conversion Event occurs in respect of the Foreign
Currency in which the deposit pursuant to Section 402(4)(a) has been made, the
indebtedness represented by such Security and any Coupons appertaining thereto
shall be deemed to have been, and will be, fully discharged and satisfied
through the payment of the principal of (and premium, if any), and interest, if
any, on, and Additional Amounts, if any, with respect to, such Security as the
same becomes due out of the proceeds yielded by converting (from time to time as
specified below in the case of any such election) the amount or other property
deposited in respect of such Security into the Currency in which such Security
becomes payable as a result of such election or Conversion Event based on (x) in
the case of payments made pursuant to clause (a) above, the applicable market
exchange rate for such Currency in effect on the second Business Day prior to
each payment date, or (y) with respect to a Conversion Event, the applicable
market exchange rate for such Foreign Currency in effect (as nearly as feasible)
at the time of the Conversion Event. 

The Company shall pay and
indemnify the Trustee against any tax, fee or other charge, imposed on or
assessed against the Government Obligations deposited pursuant to this Section
402 or the principal or interest received in respect thereof other than any such
tax, fee or other charge which by law is for the account of the Holders of such
Outstanding Securities and any Coupons appertaining thereto. 

Anything in this Section 402
to the contrary notwithstanding, the Trustee shall deliver or pay to the Company
from time to time upon Company Request any money or Government Obligations (or
other property and any proceeds therefrom) held by it as provided in clause
(4)(a) of this Section 402 which, in the opinion of a nationally recognized firm
of independent public accountants expressed in a written certification thereof
delivered to the Trustee, are in excess of the amount thereof which would then
be required to be deposited to effect a defeasance or covenant defeasance, as
applicable, in accordance with this Section 402. 

Section 403. Application of Trust Money. 

Subject to the provisions of
the last paragraph of Section 1003, all money and Government Obligations
deposited with the Trustee pursuant to Section 401 or Section 402 shall be held
in trust and applied by it, in accordance with the provisions of the Securities,
the Coupons and this Indenture, to the payment, either directly or through any
Paying Agent (including the Company acting as its own Paying Agent) as the
Trustee may determine, to the Persons entitled thereto, of the principal,
premium, interest and Additional Amounts for whose payment such money has or
Government Obligations have been deposited with or received by the Trustee; but
such money and Government Obligations need not be segregated from other funds
except to the extent required by law. 

42 

Section 404. Reinstatement. 

If the Trustee (or other
qualifying trustee appointed pursuant to Section 402(4)(a)) or any Paying Agent
is unable to apply any moneys or Government Obligations deposited pursuant to
Section 401(1) or Section 402(4)(a) to pay any principal of or premium, if any,
or interest, if any, on or Additional Amounts, if any, with respect to the
Securities of the applicable series by reason of any legal proceeding or any
order or judgment of any court or governmental authority enjoining, restraining
or otherwise prohibiting such application, then the Company’s obligations under
this Indenture and the Securities of such series shall be revived and reinstated
as though no such deposit had occurred, until such time as the Trustee (or other
qualifying trustee) or Paying Agent is permitted to apply all such moneys and
Government Obligations to pay the principal of and premium, if any, and
interest, if any, on and Additional Amounts, if any, in respect of the
Securities of such series as contemplated by Section 401 or Section 402 as the
case may be, and Section 403; provided, however, that if the Company makes any
payment of the principal of or premium, if any, or interest if any, on or
Additional Amounts, if any, in respect of the Securities of such series
following the reinstatement of its obligations as aforesaid, the Company shall
be subrogated to the rights of the Holders of such Securities to receive such
payment from the funds held by the Trustee (or other qualifying trustee) or
Paying Agent. 

ARTICLE FIVE

REMEDIES 

Section 501. Events of Default. 

“Event of Default”, wherever
used herein with respect to Securities of any series, means any one of the
following events (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) unless such event is specifically
deleted or modified in or pursuant to the supplemental indenture, Board
Resolution or Officers’ Certificate establishing the terms of such series
pursuant to this Indenture: 

(1) default in the payment of any interest, if any, on, or any Additional
Amounts, if any, payable in respect of any interest, if any, on, any of the
Securities of such series or any Coupon appertaining thereto when such interest
or such Additional Amounts, as the case may be, become due and payable, and
continuance of such default for a period of 30 days; or 

(2) default in the payment of any principal of or premium, if any, on, or any Additional Amounts, if any,
payable in respect of any principal of or premium, if any, on, any of the
Securities of such series when due (whether at Maturity or otherwise and whether
payable in cash or in Common Shares or other securities or property); or

(3) default in the deposit of any sinking fund payment or payment under any
analogous provision when due with respect to any of the Securities of such
series; or 

43 

(4) default in the delivery when due of any securities, cash or other
property (including, without limitation, any Common Shares) when required to be
delivered upon conversion of any convertible Security of such series or upon the
exchange of any Security of such series which is exchangeable for Common Shares
or other securities or property (other than an exchange of Securities of such
series for other Securities of the same series); or 

(5) default in the performance, or breach, of any covenant or warranty
applicable to the Company in this Indenture or any Security of such series
(other than a covenant or warranty for which the consequences of breach or
nonperformance are addressed elsewhere in this Section 501 or a covenant or
warranty which has expressly been included in this Indenture, whether or not by
means of a supplemental indenture, solely for the benefit of Securities of a
series other than such series), and continuance of such default or breach
(without such default or breach having been cured or waived in accordance of the
provisions of this Indenture) for a period of 90 days after there has been
given, by registered or certified mail, to the Company by the Trustee or to the
Company and the Trustee by the Holders of at least 25% in aggregate principal
amount of the Outstanding Securities of such series 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 

(6) default after the expiration of any applicable grace period in the
payment of principal when due, or resulting in acceleration of, other
indebtedness (other than Non-recourse Debt) of the Company or any Significant
Subsidiary of the Company for borrowed money where the aggregate principal
amount with respect to which the default or acceleration has occurred exceeds
$100 million and such indebtedness has not been discharged, or such default in
payment or acceleration has not been cured or rescinded, prior to written notice
of acceleration of the Outstanding Securities of such series; or 

(7) failure by the Company or any of its Subsidiaries to pay final judgments
or decree entered by a court or courts of competent jurisdiction aggregating in
excess of $100 million, which judgments are not paid, discharged or stayed for a
period of 30 days after such judgments become final and non-appealable; or

(8) the
Company or any Significant Subsidiary of the Company pursuant to or under or
within the meaning of any Bankruptcy Law: 

(i) commences a voluntary case or proceeding seeking liquidation,
reorganization or other relief with respect to it or its debts or seeking the
appointment of a trustee, receiver, liquidator, custodian or other similar
official of it or any substantial part of its property; or 

(ii) consents to any such relief or to the appointment of or taking possession
by any such official in an involuntary case or other proceeding commenced
against it; or 

(iii) consents to the appointment of a custodian of it or for all or
substantially all of its property; or 

(iv) makes
a general assignment for the benefit of creditors; or 

44 

(9) an
involuntary case or other proceeding shall be commenced against the Company or
any Significant Subsidiary of the Company seeking liquidation, reorganization or
other relief with respect to it or its debts under any bankruptcy, insolvency or
other similar law now or hereafter in effect or seeking the appointment of a
trustee, receiver, liquidator, custodian or other similar official of it or any
substantial part of its property, and such involuntary case or other proceeding
shall remain undismissed and unstayed for a period of 90 days; or 

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

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

(ii) appoints a trustee, receiver, liquidator, custodian or other similar
official of the Company or any Significant Subsidiary of the Company or any
substantial part of their respective properties; or 

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

and, in each case in this
clause (10), the order or decree remains unstayed and in effect for 90 days; or

(11) any
other Event of Default provided in or pursuant to this Indenture with respect to
Securities of such series. 

Section 502. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default (other
than an Event of Default specified in clauses (8), (9) or (10) of Section 501
with respect to the Company) occurs and is continuing with respect to Securities
of any series, then either the Trustee or the Holders of not less than 25% in
aggregate principal amount of the Outstanding Securities of such series may
declare the principal of all the Securities of such series, or such lesser
amount as may be provided for in the Securities of such series, and accrued and
unpaid interest, if any, thereon to be due and payable immediately, by a notice
in writing to the Company (and to the Trustee if given by the Holders), and upon
any such declaration such principal or such lesser amount, as the case may be,
and such accrued and unpaid interest shall become immediately due and payable.
If an Event of Default specified in clause (8), (9) or (10) of Section 501 with
respect to the Company occurs with respect to the Securities of any series, then
the principal of all of the Securities of such series, or such lesser amount as
may be provided for in the Securities of such series, and accrued and unpaid
interest, if any, thereon shall ipso facto become and be immediately due and payable without any declaration or
other act on the part of the Trustee or any Holder of the Securities of such
series. For purposes of clarity, the parties hereto agree that references in
this Indenture to an Event of Default specified in clauses (8), (9) or (10) of
Section 501 with respect to the Company shall not include any Event of Default
specified in clauses (8), (9) or (10) of Section 501 with respect to any
Significant Subsidiary of the Company. 

45 

At any time after Securities
of any series have been accelerated (whether by declaration of the Trustee or
the Holders or automatically) and before a judgment or decree for payment of the
money due has been obtained by the Trustee as hereinafter in this Article
provided, the Holders of not less than a majority in aggregate principal amount
of the Outstanding Securities of such series, by written notice to the Company
and the Trustee, may rescind and annul such declaration and its consequences if

(1) the
Company has paid or deposited with the Trustee a sum of money sufficient to pay
(or, to the extent that the terms of the Securities of such series established
pursuant to Section 301 expressly provide for payment to be made in Common
Shares or other securities or property, Common Shares or other securities or
property, together with cash in lieu of fractional shares or securities to the
extent required pursuant to the terms of such Securities, sufficient to pay)

(a) all
overdue installments of any interest on any Securities of such series and any
Coupons appertaining thereto which have become due otherwise than by such
declaration of acceleration and any Additional Amounts with respect thereto,

(b) the
principal of and any premium on any Securities of such series which have become
due otherwise than by such declaration of acceleration and any Additional
Amounts with respect thereto and, to the extent permitted by applicable law,
interest thereon at the rate or respective rates, as the case may be, provided
for in or with respect to such Securities, or, if no such rate or rates are so
provided, at the rate or respective rates, as the case may be, of interest borne
by such Securities, 

(c) to the
extent permitted by applicable law, interest upon installments of any interest,
if any, which have become due otherwise than by such declaration of acceleration
and any Additional Amounts with respect thereto at the rate or respective rates,
as the case may be, provided for in or with respect to such Securities, or, if
no such rate or rates are so provided, at the rate or respective rates, as the
case may be, of interest borne by such Securities, and 

(d) all
sums paid or advanced by the Trustee hereunder and the reasonable compensation,
fees and expenses, disbursements and advances of the Trustee, its agents and
counsel and all other amounts due the Trustee under Section 606; and 

(2) all
Events of Default with respect to Securities of such series other than the
non-payment of the principal of, any premium and interest on, and any Additional
Amounts with respect to Securities of such series which shall have become due
solely by such declaration of acceleration, shall have been cured or waived as
provided in Section 513. 

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

46 

Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee.

The Company covenants that if:

(1) default is made in the payment of any interest on, or any Additional
Amounts payable in respect of any interest on, any Security or any Coupon
appertaining thereto when such interest or Additional Amounts, as the case may
be, shall have become due and payable and such default continues for a period of
30 days, or 

(2) default is made in the payment of any principal of or premium, if any,
on, or any Additional Amounts payable in respect of any principal of or premium,
if any, on, any Security at its Maturity, or 

(3) default is made in the deposit of any sinking fund payment when due, then
the Company shall, upon demand of the Trustee, pay to the Trustee, for the
benefit of the Holders of such Securities and any Coupons appertaining thereto,
the whole amount of money then due and payable with respect to such Securities
and any Coupons appertaining thereto, with interest upon the overdue principal,
any premium and, to the extent permitted by applicable law, upon any overdue
installments of interest and Additional Amounts at the rate or respective rates,
as the case may be, provided for or with respect to such Securities or, if no
such rate or rates are so provided, at the rate or respective rates, as the case
may be, of interest borne by such Securities, and, in addition thereto, such
further amount of money as shall be sufficient to cover the costs and expenses
of collection, including the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel and all other amounts due to
the Trustee under Section 606. 

If the Company fails to pay
the money it is required to pay the Trustee pursuant to the preceding paragraph
forthwith upon the demand of the Trustee, the Trustee, in its own name and as
trustee of an express trust, may institute a judicial proceeding for the
collection of the money so due and unpaid, and may prosecute such proceeding to
judgment or final decree, and may enforce the same against the Company or any
other obligor upon such Securities and any Coupons appertaining thereto and
collect the monies adjudged or decreed to be payable in the manner provided by
law out of the property of the Company or any other obligor upon such Securities
and any Coupons appertaining thereto, wherever situated. 

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

Section 504. Trustee May File Proofs of Claim. 

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

47 

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

(2) to
collect and receive any monies or other property payable or deliverable on any
such claims and to distribute the same; 

and any custodian, receiver,
assignee, trustee, liquidator, sequestrator or other similar official in any
such judicial proceeding is hereby authorized by each Holder of Securities or
any Coupons to make such payments to the Trustee and, in the event that the
Trustee shall consent to the making of such payments directly to the Holders of
Securities or any Coupons, to pay to the Trustee any amount due to it for the
reasonable compensation, fees and expenses, disbursements and advances of the
Trustee, its agents and counsel and any other amounts due the Trustee under
Section 606. 

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

Section 505. Trustee May Enforce Claims without Possession of Securities or Coupons.

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

48 

Section 506. Application of Money Collected. 

Any money collected by the
Trustee pursuant to this Article with respect to the Securities 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 money on account of principal,
or any premium, interest or Additional Amounts, upon presentation of such
Securities or the Coupons, if any, appertaining thereto, or both, as the case
may be, and the notation thereon of the payment if only partially paid and upon
surrender thereof if fully paid: 

FIRST: To the payment of all
amounts due the Trustee (acting in any capacity hereunder or in connection
herewith), its agents and counsel and any predecessor Trustee under Section 606;

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

THIRD: The balance, if any, to
the Person or Persons entitled thereto. 

Section 507. Limitations on Suits. 

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

(1) such
Holder has previously given written notice to the Trustee of a continuing Event
of Default with respect to the Securities of such series; 

(2) the
Holders of not less than 25% in aggregate principal amount of the Outstanding
Securities of such series shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default in its own name as
Trustee hereunder; 

(3) such
Holder or Holders have offered to the Trustee indemnity reasonably satisfactory
to the Trustee against the costs, fees and expenses and liabilities which might
be incurred in compliance with such request; 

(4) the
Trustee for 60 days after its receipt of such notice, request and offer of
indemnity has failed to institute any such proceeding; and 

(5) no
direction inconsistent with such written request has been given to the Trustee
during such 60-day period by the Holders of a majority in principal amount of
the Outstanding Securities of such series; 

it being understood and
intended and being expressly covenanted by the taker and holder of every
Security, with every other taker and holder with the Trustee that no one or more
of such Holders shall have any right in any manner whatever by virtue of, or by
availing of, any provision of this Indenture or any Security to affect, disturb
or prejudice the rights of any other such Holders or Holders of Securities of
any other series, or to obtain or to seek to obtain priority or preference over
any other Holders or to enforce any right under this Indenture, except in the
manner herein provided and for the equal and ratable benefit of all such Holders
(it being understood that the Trustee does not have an affirmative duty to
ascertain whether or not such actions or forbearances are unduly prejudicial to
such Holders). 

49 

Section 508. Unconditional Right of Holders to Receive Principal and any Premium,
Interest and Additional Amounts. 

Notwithstanding any other
provision in this Indenture, the Holder of any Security or Coupon shall have the
right, which is absolute and unconditional, to receive payment of the principal
of, any premium, if any, and (subject to Section 305 and Section 307) interest,
if any, on and any Additional Amounts with respect to such Security or such
Coupon, as the case may be, on the respective Stated Maturity or Maturities
therefor specified in such Security or Coupon (or, in the case of redemption, on
the Redemption Date or, in the case of repayment pursuant to Article Thirteen
hereof at the option of such Holder if provided in or pursuant to this
Indenture, on the date such repayment is due) and, in the case of any Security
which is convertible into or exchangeable for other securities or property, to
convert or exchange, as the case may be, such Security in accordance with its
terms, and to institute suit for the enforcement of any such payment and any
such right to convert or exchange, and such right shall not be impaired without
the consent of such Holder. 

Section 509. Restoration of Rights and Remedies. 

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

Section 510. Rights and Remedies Cumulative. 

To the extent permitted by
applicable law and except as otherwise provided with respect to the replacement
or payment of mutilated, destroyed, lost or stolen Securities or Coupons in the
last paragraph of Section 306, no right or remedy herein conferred upon or
reserved to the Trustee or to each and every Holder of a Security or a Coupon is
intended to be exclusive of any other right or remedy, and every right and
remedy, to the extent permitted by law, shall 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, to the extent permitted by law, prevent the
concurrent assertion or employment of any other appropriate right or remedy.

Section 511. Delay or Omission Not Waiver. 

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

50 

Section 512. Control by Holders of Securities. 

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

(1) such
direction shall not be in conflict with any rule of law or with this Indenture
or with the Securities of any series, 

(2) the
Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction, and 

(3) such
direction is not unduly prejudicial to the rights of the other Holders of
Securities of such series not joining in such action. 

Section 513. Waiver of Past Defaults. 

The Holders of not less than a
majority in aggregate principal amount of the Outstanding Securities of any
series on behalf of the Holders of all the Securities of such series and any
Coupons appertaining thereto may waive any past default hereunder with respect
to such series and its consequences, except 

(1) a
default in the payment of the principal of, any premium or interest on, or any
Additional Amounts with respect to, any Security of such series or any Coupons
appertaining thereto, or 

(2) in the
case of any Securities which are convertible into or exchangeable for Common
Shares or other securities or property, a default in any such conversion or
exchange, or 

(3) a
default in respect of a covenant or provision hereof which under Article Nine
cannot be modified or amended without the consent of the Holder of each
Outstanding Security of such series affected. 

Upon any such waiver, such
default shall cease to exist, and any Event of Default arising therefrom shall
be deemed to have been cured, for every purpose of this Indenture; but no such
waiver shall extend to any subsequent or other default or impair any right
consequent thereon. 

Section 514. Waiver of Usury, Stay or Extension Laws. 

The Company covenants that (to
the extent that it may lawfully do so) it will not at any time insist upon, or
plead, or in any manner whatsoever claim or take the benefit or advantage of,
any stay or extension law or any usury law or any other law wherever enacted,
now or at any time hereafter in force, which would prohibit or forgive the
Company from paying all or any portion of the principal of or premium, if any,
or interest, if any, on or Additional Amounts, if any, with respect to any
Securities as contemplated herein and therein or which may affect the covenants
or the performance of this Indenture or the Securities; and the Company (to the
extent that it may lawfully do so) expressly waives all benefit or advantage of
any such law and covenants that it will not
hinder, delay or impede the execution of any power herein granted to the Trustee
or the Holders, but will suffer and permit the execution of every such power as
though no such law had been enacted. 

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Section 515. Undertaking for Costs. 

All parties to this Indenture
agree, and each Holder of any Security by his acceptance thereof shall be deemed
to have agreed, that any court may in its discretion require, in any suit for
the enforcement of any right or remedy under this Indenture, or in any suit
against the Trustee for any action taken or omitted to be taken by it as
Trustee, the filing by any party litigant in such suit of any undertaking to pay
the costs of such suit, and that such court may in its discretion assess
reasonable costs, including reasonable attorneys’ fees and disbursements,
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 515 shall not apply to any suit instituted by the Trustee, to
any suit instituted by any Holder, or group of Holders, holding in the aggregate
more than 10% in principal amount of Outstanding Securities of any series, or to
any suit instituted by any Holder for the enforcement of the payment of the
principal of (or premium, if any) or interest, if any, on or Additional Amounts,
if any, with respect to any Security on or after the respective Stated
Maturities expressed in such Security (or, in the case of redemption, on or
after the Redemption Date, and, in the case of repayment at the option of the
Holder pursuant to Article Thirteen hereof, on or after the date for repayment)
or for the enforcement of the right, if any, to convert or exchange any Security
into Common Shares or other securities in accordance with its terms. 

ARTICLE SIX

THE TRUSTEE

Section 601. Certain Rights of Trustee. 

Subject to Sections 315(a)
through 315(d) of the Trust Indenture Act: 

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

(2) any
request or direction of the Company mentioned herein shall be sufficiently
evidenced by a Company Request or a Company Order (in each case, other than
delivery of any Security, together with any Coupons appertaining thereto, to the
Trustee for authentication and delivery pursuant to Section 303 which shall be
sufficiently evidenced as provided therein) and any resolution of the Board of
Directors may be sufficiently evidenced by a Board Resolution; 

(3) whenever in the administration of this Indenture the Trustee shall deem
it desirable that a matter be proved or established prior to taking, suffering
or omitting any action hereunder, the
Trustee (unless other evidence shall be herein specifically prescribed) may, in
the absence of bad faith on its part, rely upon an Officers’ Certificate;

52 

(4) the
Trustee may consult with counsel of its selection and the advice of such counsel
or any Opinion of Counsel shall be full and complete authorization and
protection in respect of any action taken, suffered or omitted by it hereunder
in good faith and in reliance thereon; 

(5) the
Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by or pursuant to this Indenture at the request or direction of any
of the Holders of Securities of any series or any Coupons appertaining thereto
pursuant to this Indenture, unless such Holders shall have offered to the
Trustee security or indemnity reasonably satisfactory to the Trustee against the
costs, fees and expenses and liabilities which might be incurred by it in
compliance with such request or direction; 

(6) the
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, coupon or other
paper or document, but the Trustee, in its discretion, may make such further
inquiry or investigation into such facts or matters as it may see fit, and, if
the Trustee shall determine to make such further inquiry or investigation, it
shall be entitled to examine, during business hours and upon reasonable notice,
the books, records and premises of the Company, personally or by agent or
attorney;

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

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

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

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

53 

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

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

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

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

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

(16) the Trustee may request
that the Company deliver a certificate setting forth the names of individuals
and/or titles of officers authorized at such time to take specified actions
pursuant to this Indenture.

Section 602. Notice of Defaults. 

Within 90 days after the
occurrence of any default hereunder with respect to the Securities of any
series, the Trustee shall transmit by mail to all Holders of Securities of such
series entitled to receive reports pursuant to Section 703(3), notice of such
default hereunder known to the Trustee, unless such default shall have been
cured or waived; provided, however, that, except in the case of a default in the
payment of the principal of (or premium, if any), or interest, if any, on, or
Additional Amounts or any sinking fund installment with respect to, any Security
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 and/or Responsible Officers of the Trustee in good faith determine
that the withholding of such notice is in the best interest of the Holders of
Securities and Coupons of such series; and provided, further, that in the case
of any default of the character specified in Section 501(5) or Section 501(11)
with respect to Securities of such series, no such notice to Holders shall be
given until at least 30 days after the occurrence thereof. For the purpose of
this Section, the term “default” means any event which is, or after notice or
lapse of time or both would become, an Event of Default with respect to
Securities of such series. 

54 

Section 603. Not
Responsible for Recitals or Issuance of Securities. 

The recitals contained herein and in the Securities, except the
Trustee’s certificate of authentication, and in any Coupons shall be taken as
the statements of the Company and neither the Trustee nor any
Authenticating Agent assumes any responsibility for their correctness. The
Trustee makes no representations as to the validity or sufficiency of this
Indenture or of the Securities or the Coupons, except that the Trustee
represents that it is duly authorized to execute and deliver this Indenture,
authenticate the Securities and perform its obligations hereunder and that the
statements made by it in a Statement of Eligibility on Form T-1 supplied to the
Company are true and accurate, subject to the qualifications set forth therein.
Neither the Trustee nor any Authenticating Agent shall be accountable for the
use or application by the Company of the Securities or the proceeds thereof.

Section 604. May
Hold Securities. 

The Trustee, any
Authenticating Agent, any Paying Agent, any Security Registrar or any other
Person that may be an agent of the Trustee or the Company, in its individual or
any other capacity, may become the owner or pledgee of Securities or Coupons
and, subject to Sections 310(b) and 311 of the Trust Indenture Act, may
otherwise deal with the Company with the same rights it would have if it were
not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such
other Person. 

Section 605. Money Held in Trust. 

Except as provided in Section
403 and Section 1003, money held by the Trustee in trust hereunder need not be
segregated from other funds except to the extent required by law and shall be
held uninvested. The Trustee shall be under no liability for interest on any
money received by it hereunder except as otherwise agreed in writing with the
Company. 

Section 606. Compensation and Reimbursement. 

The Company agrees:

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

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

(3) to
indemnify each of the Trustee (acting in any capacity hereunder), or any
predecessor Trustee, and its agents for, and to hold them harmless against, any
and all loss, liability, damage, claim or reasonable expense (including, without
limitation, the reasonable fees and disbursements of the Trustee’s agents, legal
counsel, accountants and experts) incurred without negligence or willful
misconduct on their part, arising out of or in connection with the acceptance or
administration of the trust or trusts hereunder (whether asserted by the
Company, a Holder or any other Person), including the reasonable costs and
expenses of defending themselves against any
claim or liability in connection with the exercise or performance of any of
their powers or duties hereunder, except to the extent that any such loss,
liability or expense was due to the Trustee’s negligence or willful misconduct.

55 

As security for the
performance of the obligations of the Company under this Section, the Trustee
shall have a lien prior to the Securities of any series upon all property and
funds held or collected by the Trustee as such, except funds held in trust for
the payment of principal of, or premium or interest on or any Additional Amounts
with respect to Securities or any Coupons appertaining thereto. 

Any compensation or expense
incurred by the Trustee after a default specified by Section 501(8), (9) or(10)
is intended to constitute an expense of administration under any then applicable
bankruptcy or insolvency law. “Trustee” for purposes of this Section 606 shall
include any predecessor Trustee but the negligence or willful misconduct of any
Trustee shall not affect the rights of any other Trustee under this Section 606.
The provisions of this Section 606 shall, to the extent permitted by law,
survive any termination of this Indenture (including, without limitation,
termination pursuant to any Bankruptcy Laws) and the resignation or removal of
the Trustee. 

Section 607. Corporate Trustee Required; Eligibility. 

(1) There
shall at all times be a Trustee hereunder that is a Corporation, organized and
doing business under the laws of the United States of America, any state thereof
or the District of Columbia, eligible under Section 310(a)(1) of the Trust
Indenture Act to act as trustee under an indenture qualified under the Trust
Indenture Act and that has a combined capital and surplus (computed in
accordance with Section 310(a)(2) of the Trust Indenture Act) of at least
$50,000,000 subject to supervision or examination by federal or state authority.
If at any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section, it shall resign immediately in the manner and with
the effect hereinafter specified in this Article. 

(2) [The
following indenture shall be considered specifically described herein for
purposes of clause (i) of the proviso contained in Section 310(b)(1) of the
Trust Indenture Act: Indenture dated as of [________] among [______], [______]
and [_______]., as trustee; and, pursuant to Section 310(b)(1)(C)(i) of the
Trust Indenture Act, unless otherwise ordered by the Commission, an Event of
Default or default by the Company under this Indenture will not disqualify the
Trustee under this Indenture because it is a trustee under such other
indenture.]

Section 608. Resignation and Removal; Appointment of Successor. 

(1) No
resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of
appointment by the successor Trustee pursuant to Section 609. 

(2) The
Trustee may resign at any time with respect to the Securities of one or more
series by giving written notice thereof to the Company. If the instrument of
acceptance by a successor Trustee required by Section 609 shall not have been
delivered to the Trustee within 30 days after the giving of such notice of
resignation, the resigning Trustee may petition, at the expense of the Company, any court of competent
jurisdiction for the appointment of a successor Trustee with respect to such
series. 

56 

(3) The
Trustee may be removed at any time with respect to the Securities of any series
by Act of the Holders of a majority in principal amount of the Outstanding
Securities of such series, delivered to the Trustee and the Company. If an
instrument of acceptance by a successor Trustee required by Section 609 shall
not have been delivered to the Trustee within 30 days after the giving of such
notice of removal, the Trustee being removed may petition, at the expense of the
Company, any court of competent jurisdiction for the appointment of a successor
Trustee with respect to such series. 

(4) If at
any time: 

(a) the
Trustee shall fail to comply with the obligations imposed upon it under Section
310(b) of the Trust Indenture Act with respect to Securities of any series after
written request therefor by the Company or any Holder of a Security of such
series who has been a bona fide Holder of a Security of such series for at least
six months, or 

(b) the
Trustee shall cease to be eligible under Section 607 and shall fail to resign
after written request therefor by the Company or any such Holder, or 

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

then, in any such case, (i)
the Company, by or pursuant to a Board Resolution, may remove the Trustee with
respect to all Securities or the Securities of such series, or (ii) subject to
Section 315(e) of the Trust Indenture Act, any Holder of a Security who has been
a bona fide Holder of a Security of such series for at least six months may, on
behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the removal of the Trustee with respect to all
Securities of such series and the appointment of a successor Trustee or
Trustees. 

(5) If the
Trustee shall resign, be removed or become incapable of acting, or if a vacancy
shall occur in the office of Trustee for any cause, with respect to the
Securities of one or more series, the Company, by or pursuant to a Board
Resolution, shall promptly appoint a successor Trustee or Trustees with respect
to the Securities of that or those series (it being understood that any such
successor Trustee may be appointed with respect to the Securities of one or more
or all of such series and that at any time there shall be only one Trustee with
respect to the Securities of any particular series) and shall comply with the
applicable requirements of Section 609. If, within one year after such
resignation, removal or incapability, or the occurrence of such vacancy, a
successor Trustee with respect to the Securities of any series shall be
appointed by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series delivered to the Company and the retiring
Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance
of such appointment in accordance with the applicable requirements of Section
609, become the successor Trustee with respect to the Securities of such series and to that extent
supersede the successor Trustee appointed by the Company. If no successor
Trustee with respect to the Securities of any series shall have been so
appointed by the Company or the Holders of Securities and accepted appointment
in the manner required by Section 609, any Holder of a Security who has been a
bona fide Holder of a Security 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 appointment of a successor Trustee with respect
to the Securities of such series. 

57 

(6) The
Company shall give notice of each resignation and each removal of the Trustee
with respect to the Securities of any series and each appointment of a successor
Trustee with respect to the Securities of any series by mailing written notice
of such event by first-class mail, postage prepaid, to the Holders of Registered
Securities, if any, of such series as their names and addresses appear in the
Security Register and, if Securities of such series are issued as Bearer
Securities, by publishing notice of such event once in an Authorized Newspaper
in each Place of Payment located outside the United States. Each notice shall
include the name of the successor Trustee with respect to the Securities of such
series and the address of its Corporate Trust Office. 

Section 609. Acceptance of Appointment by Successor. 

(1) Upon
the appointment hereunder of any successor Trustee with respect to all
Securities, such successor Trustee so appointed shall execute, acknowledge and
deliver to the Company and the retiring Trustee an instrument accepting such
appointment, and thereupon the resignation or removal of the retiring Trustee
shall become effective and such successor Trustee, without any further act, deed
or conveyance, shall become vested with all the rights, powers, trusts and
duties hereunder of the retiring Trustee; but, on the request of the Company or
such successor Trustee, such retiring Trustee, upon payment of its charges,
shall execute and deliver an instrument transferring to such successor Trustee
all the rights, powers and trusts of the retiring Trustee and, subject to
Section 1003, shall duly assign, transfer and deliver to such successor Trustee
all property and money held by such retiring Trustee hereunder, subject
nevertheless to its claim, if any, provided for in Section 606. Trustee shall
have no responsibility or liability for the action or inaction of any successor
Trustee. 

58 

(2) Upon
the appointment hereunder of any successor Trustee with respect to the
Securities of one or more (but not all) series, the Company, the retiring
Trustee and such successor Trustee shall execute and deliver an indenture
supplemental hereto wherein each successor Trustee shall accept such appointment
and which (1) shall contain such provisions as shall be necessary or desirable
to transfer and confirm to, and to vest in, such successor Trustee all the
rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series to which the appointment of such successor
Trustee relates, (2) if the retiring Trustee is not retiring with respect to all
Securities, shall contain such provisions as shall be deemed necessary or
desirable to confirm that all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series as to
which the retiring Trustee is not retiring shall continue to be vested in the
retiring Trustee, and (3) shall add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration
of the trusts hereunder by more than one Trustee, it being understood that
nothing herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust, that each such Trustee shall be trustee of
a trust or trusts hereunder separate and apart from any trust or trusts
hereunder administered by any other such Trustee and that no Trustee shall be
responsible for any notice given to, or received by, or any act or failure to
act on the part of any other Trustee hereunder, and, upon the execution and
delivery of such supplemental indenture, the resignation or removal of the
retiring Trustee shall become effective to the extent provided therein, such
retiring Trustee shall have no further responsibility for the exercise of rights
and powers or for the performance of the duties and obligations vested in the
Trustee under this Indenture with respect to the Securities of that or those
series to which the appointment of such successor Trustee relates other than as
hereinafter expressly set forth, and such successor Trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts
and duties of the retiring Trustee with respect to the Securities of that or
those series to which the appointment of such successor Trustee relates; but, on
request of the Company or such successor Trustee, such retiring Trustee, upon
payment of its charges with respect to the Securities of that or those series to
which the appointment of such successor relates and subject to Section 1003
shall duly assign, transfer and deliver to such successor Trustee, to the extent
contemplated by such supplemental indenture, the property and money held by such
retiring Trustee hereunder with respect to the Securities of that or those
series to which the appointment of such successor Trustee relates, subject to
its claim, if any, provided for in Section 606. 

(3) Upon
request of any Person appointed hereunder as a successor Trustee, the Company
shall execute any and all instruments for more fully and certainly vesting in
and confirming to such successor Trustee all such rights, powers and trusts
referred to in paragraph (1) or (2) of this Section, as the case may be.

(4) No
Person shall accept its appointment hereunder as a successor Trustee unless at
the time of such acceptance such successor Person shall be qualified and
eligible under this Article. 

Section 610. Merger, Conversion, Consolidation or Succession to Business.

Any Corporation into which the
Trustee may be merged or converted or with which it may be consolidated, or any
Corporation resulting from any merger, conversion or consolidation to which the
Trustee shall be a party, or any Corporation succeeding to all or substantially
all of the corporate trust business of the Trustee, shall be the successor of
the Trustee hereunder (provided that such Corporation shall otherwise be
qualified and eligible under this Article), without the execution or filing of
any paper or any further act on the part of any of the parties hereto. In case
any Securities shall have been authenticated but not delivered by the Trustee
then in office, any such successor to such authenticating Trustee may adopt such
authentication and deliver the Securities so authenticated with the same effect
as if such successor Trustee had itself authenticated such Securities. In case
any Securities shall not have been authenticated by such predecessor Trustee,
any such successor Trustee may authenticate and deliver such Securities in
either its own name or that of its predecessor Trustee. 

59 

Section 611. Appointment of Authenticating Agent. 

The Trustee may appoint one or
more Authenticating Agents acceptable to the Company with respect to one or more
series of Securities which shall be authorized to act on behalf of the Trustee
to authenticate Securities of that or those series issued upon original issue,
exchange, registration of transfer, partial redemption, partial repayment,
partial conversion or exchange for Common Shares or other securities or
property, or pursuant to Section 306, and Securities so authenticated shall be
entitled to the benefits of this Indenture and shall be valid and obligatory for
all purposes as if authenticated by the Trustee hereunder. Wherever reference is
made in this Indenture to the authentication and delivery of Securities by the
Trustee or the Trustee’s certificate of authentication, such reference shall be
deemed to include authentication and delivery on behalf of the Trustee by an
Authenticating Agent and a certificate of authentication executed on behalf of
the Trustee by an Authenticating Agent. 

Each Authenticating Agent
shall be acceptable to the Company and, except as provided in or pursuant to
this Indenture, shall at all times be a Corporation that would be permitted by
the Trust Indenture Act to act as trustee under an indenture qualified under the
Trust Indenture Act, is authorized under applicable law and by its charter to
act as an Authenticating Agent and has a combined capital and surplus (computed
in accordance with Section 310(a)(2) of the Trust Indenture Act) of at least
$50,000,000. If at any time an Authenticating Agent shall cease to be eligible
in accordance with the provisions of this Section, it shall resign immediately
in the manner and with the effect specified in this Section. 

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

An Authenticating Agent may
resign at any time by giving written notice thereof to the Trustee and the
Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving
written notice thereof to such Authenticating Agent and the Company. Upon
receiving such a notice of resignation or upon such a termination, or in case at
any time such Authenticating Agent shall cease to be eligible in accordance with
the provisions of this Section, the Trustee may appoint a successor
Authenticating Agent which shall be acceptable to the Company and shall (i) mail
written notice of such appointment by first-class mail, postage prepaid, to all
Holders of Registered Securities, if any, of the series with respect to which
such Authenticating Agent shall serve, as their names and addresses appear in
the Security Register, and (ii) if Securities of the series are issued as Bearer
Securities, publish notice of such appointment at least once in an Authorized
Newspaper in the place where such successor Authenticating Agent has its
principal office if such office is located outside the United States. Any
successor Authenticating Agent, upon acceptance of its appointment hereunder,
shall become vested with all the rights, powers and duties of its predecessor
hereunder, with like effect as if originally named as an Authenticating Agent.
No successor Authenticating Agent shall be appointed unless eligible under the
provisions of this Section. 

60 

The Company agrees to pay each
Authenticating Agent from time to time reasonable compensation for its services
under this Section.

The provisions of Section 308,
Section 603 and Section 604 shall be applicable to each Authenticating Agent.

If an Authenticating Agent is
appointed with respect to one or more series of Securities pursuant to this
Section, the Securities of such series may have endorsed thereon, in addition to
or in lieu of the Trustee’s certificate of authentication, an alternate
certificate of authentication in substantially the following form: 

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

	WELLS FARGO BANK, NATIONAL
	ASSOCIATION,
	As Trustee
	 	 
	 	 
	By:	[Name of Authenticating
      Agent]
		As
      Authenticating Agent
	 	  
	 	 
	By: 	 
		Authorized Signatory

If all of the Securities of
any series may not be originally issued at one time, and if the Trustee does not
have an office capable of authenticating Securities upon original issuance
located in a Place of Payment where the Company wishes to have Securities of
such series authenticated upon original issuance, the Trustee, if so requested
in writing (which writing need not be accompanied by or contained in an
Officers’ Certificate of the Company), shall appoint in accordance with this
Section an Authenticating Agent having an office in a Place of Payment
designated by the Company with respect to such series of Securities. 

ARTICLE SEVEN

HOLDERS LISTS AND REPORTS
BY TRUSTEE AND COMPANY 

Section 701. Company to Furnish Trustee Names and Addresses of Holders.

In accordance with Section
312(a) of the Trust Indenture Act, the Company shall furnish or cause to be
furnished to the Trustee 

(1) semi-annually with respect to Securities of each series not later than 15
days after each Regular Record Date or upon such other dates as are set forth in
or pursuant to the Board Resolution or indenture supplemental hereto authorizing
such series, a list, in each case in such form as the Trustee may
reasonably require, of the names and addresses of Holders as of the applicable
date, and 

61 

(2) at
such other times as the Trustee may request in writing, within 30 days after the
receipt by the Company of any such request, a list of similar form and content
as of a date not more than 15 days prior to the time such list is furnished,

provided, however, that so
long as the Trustee is the Security Registrar no such list shall be required to
be furnished. 

Section 702. Preservation of Information; Communications to Holders. 

The Trustee shall comply with
the obligations imposed upon it pursuant to Section 312 of the Trust Indenture
Act. 

Every Holder of Securities or
Coupons, by receiving and holding the same, agrees with the Company and the
Trustee that none of the Company, the Trustee, any Paying Agent or any Security
Registrar shall be held accountable by reason of the disclosure of any such
information as to the names and addresses of the Holders of Securities in
accordance with Section 312(c) of the Trust Indenture Act, regardless of the
source from which such information was derived, and that the Trustee shall not
be held accountable by reason of mailing any material pursuant to a request made
under Section 312(b) of the Trust Indenture Act. 

Section 703. Reports by Trustee. 

(1) Within
60 days after May 15 of each year commencing with the first May 15 following the
first issuance of Securities pursuant to Section 301, if required by Section
313(a) of the Trust Indenture Act, the Trustee shall transmit, pursuant to
Section 313(c) of the Trust Indenture Act, a brief report dated as of such May
15 with respect to any of the events specified in said Sections 313(a) and
313(b)(2) which may have occurred since the later of the immediately preceding
May 15 and the date of this Indenture. 

(2) The
Trustee shall transmit the reports required by Section 313(a) of the Trust
Indenture Act at the times specified therein. 

(3) Reports pursuant to this Section shall be transmitted in the manner and
to the Persons required by Sections 313(c) and 313(d) of the Trust Indenture
Act.

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

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Section 704. Reports by Company. 

The Company, pursuant to
Section 314(a) of the Trust Indenture Act, shall: 

(1) file
with the Trustee, within 15 days after the Company is required to file the same
with the Commission, copies of the annual reports and of the information,
documents and other reports (or copies of such portions of any of the foregoing
as the Commission may from time to time by rules and regulations prescribe)
which the Company may be required to file with the Commission pursuant to
Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not
required to file information, documents or reports pursuant to either of said
Sections, then it shall file with the Trustee and the Commission, in accordance
with rules and regulations prescribed from time to time by the Commission, such
of the supplementary and periodic information, documents and reports which may
be required pursuant to Section 13 of the Exchange Act in respect of a security
listed and registered on a national securities exchange as may be prescribed
from time to time in such rules and regulations; 

(2) file
with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information,
documents and reports with respect to compliance by the Company with the
conditions and covenants of this Indenture as may be required from time to time
by such rules and regulations; and 

(3) transmit within 30 days after the filing thereof with the Trustee, in the
manner and to the extent provided in Section 313(c) of the Trust Indenture Act,
such summaries of any information, documents and reports required to be filed by
the Company pursuant to paragraphs (1) and (2) of this Section as may be
required by rules and regulations prescribed from time to time by the
Commission. 

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

ARTICLE EIGHT

CONSOLIDATION, MERGER AND
SALES 

Section 801. Company May Consolidate, Etc., Only on Certain Terms. 

The Company shall not, in any
transaction or series of related transactions, consolidate with, or sell, lease
or convey all or substantially all of its property and assets to, or merge with
or into, any Person unless: 

(1) either
(A) the Company shall be the continuing Person (in the case of a merger) or (B)
the successor Person (if other than the Company) formed by or resulting from the
consolidation or merger or which shall have received the transfer of assets
shall be an entity organized and existing under the laws of the United States of
America, any state thereof or the District of Columbia and shall expressly
assume the due and punctual payment of the principal of, premium, if any, and
interest, if any, on, and Additional Amounts, if any, with respect to, all
Securities Outstanding under this Indenture and the due and punctual performance
and observance of all covenants and
conditions in such Outstanding Securities and this Indenture to be performed or
satisfied by the Company (including, without limitation, the obligation to
convert or exchange any Securities that are convertible into or exchangeable for
other securities or property in accordance with the provisions of such
Securities and this Indenture) by a supplemental indenture reasonably
satisfactory in form to the Trustee; 

63 

(2) immediately after giving effect to such transaction, no Event of Default,
and no event which, after notice or lapse of time, or both, would become an
Event of Default, shall have occurred and be continuing; and 

(3) either
the Company or the successor Person shall have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that such
consolidation, merger, sale, assignment, transfer, lease or other conveyance
and, if a supplemental indenture is required in connection with such
transaction, such supplemental indenture comply with this Article and that all
conditions precedent herein provided for relating to such transaction have been
complied with. 

Section 802. Successor Person Substituted for Company. 

In the case of any such
consolidation, sale, lease, conveyance or merger in which the Company is not the
continuing entity and upon execution and delivery by the successor Person of the
supplemental indenture described in Section 801, such successor Person shall
succeed to, and be substituted for, the Company and may exercise every right and
power of, the Company under this Indenture with the same effect as if such
successor Person had been named as the Company herein, and the predecessor
Company shall be automatically released and discharged from all obligations and
covenants under this Indenture, the Securities and the Coupons. 

ARTICLE NINE

SUPPLEMENTAL INDENTURES

Section 901. Supplemental Indentures without Consent of Holders. 

Without the consent of any
Holders of Securities or Coupons, the Company (when authorized by or pursuant to
a Board Resolution) and the Trustee, at any time and from time to time, may
enter into one or more indentures supplemental hereto, in form reasonably
satisfactory to the Trustee, for any of the following purposes: 

(1) to
evidence the succession of another Person to the Company, and the assumption by
any such successor of the covenants of the Company contained herein and in the
Securities; or 

(2) to add
to the covenants of the Company for the benefit of the Holders of all or any
series of Securities (as shall be specified in such supplemental indenture or
indentures) or to surrender any right or power herein conferred upon the Company
with respect to all or any series of Securities issued under this Indenture (as
shall be specified in such supplemental indenture or indentures); or 

64 

(3) to add
to or change any of the provisions of this Indenture to facilitate the issuance
of Bearer Securities, to provide that Bearer Securities may be registrable as to
principal, to change or eliminate any restrictions on the payment of principal
of, any premium or interest on or any Additional Amounts with respect to
Securities, to permit Bearer Securities to be issued in exchange for Registered
Securities, to permit Bearer Securities to be exchanged for Bearer Securities of
other authorized denominations or to permit or facilitate the issuance of
Securities in uncertificated or global form, provided any such action shall not
adversely affect the interests of the Holders of Securities of any series then
Outstanding or any Coupons appertaining thereto; or 

(4) to
establish the form or terms of Securities of any series and any Coupons
appertaining thereto as permitted by Section 201 and Section 301, including,
without limitation, any conversion or exchange provisions applicable to
Securities which are convertible into or exchangeable for other securities or
property, and to make any deletions from or additions or changes to this
Indenture in connection with any matters referred to in this clause (4)
(provided that any such deletions, additions and changes shall not be applicable
to any other series of Securities then Outstanding); or 

(5) 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 609; or 

(6) to
cure any ambiguity or to correct or supplement any provision herein which may be
defective or which may be inconsistent with any other provision herein, or to
make any other provisions with respect to matters or questions arising under
this Indenture which shall not adversely affect the interests of the Holders of
Securities of any series then Outstanding or any Coupons appertaining thereto in
any material respect; or 

(7) to add
any additional Events of Default with respect to all or any series of Securities
(as shall be specified in such supplemental indenture); or 

(8) to
supplement any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the defeasance, covenant defeasance and/or
satisfaction and discharge of any series of Securities pursuant to Article Four,
provided that any such action shall not adversely affect the interests of any
Holder of a Security of such series and any Coupons appertaining thereto or any
other Security or Coupon in any material respect; or 

(9) to add
to or change or eliminate any provisions of this Indenture as shall be necessary
or desirable in accordance with any amendments to the Trust Indenture Act; or

(10) to
make any change in this Indenture, or Supplemental Indenture, or any Securities
to conform the terms thereof to any provision of the description of a series of
any Securities in any prospectus, prospectus supplement, offering memorandum or
similar offering document used in connection with the initial offering or sale
of any Securities to the extent that such
provision in such description was intended to be a substantially verbatim
recitation of a provision of the indenture or the notes; or 

65 

(11) in the
case of any series of Securities which are convertible into or exchangeable for
Common Shares or other securities or property, to safeguard or provide for the
conversion or exchange rights, as the case may be, of such Securities in the
event of any reclassification or change of outstanding Common Shares (or any
other securities of the Company into which such Securities are convertible or
for which such Securities are exchangeable), or in the event of any merger,
consolidation, statutory share exchange or combination of the Company with or
into another Person or any sale, lease, assignment, transfer, disposition or
other conveyance of all or substantially all of the properties and assets of the
Company to any other Person or other similar transactions, if expressly required
by the terms of such series of Securities established pursuant to Section 301;
or 

(12) to
secure the Securities; or 

(13) to
amend or supplement any provision contained herein, in any supplemental
indenture or in any Securities (which amendment or supplement may apply to one
or more series of Securities or to one or more Securities within any series as
specified in such supplemental indenture), provided that such amendment or
supplement does not apply to any Outstanding Security issued prior to the date
of such supplemental indenture and entitled to the benefits of such provision.

Section 902. Supplemental Indentures with Consent of Holders. 

With the consent of the
Holders of not less than a majority in principal amount of the Outstanding
Securities of each series affected by such supplemental indenture, by Act of
said Holders delivered to the Company and the Trustee, the Company (when
authorized by or pursuant to a Board Resolution) and the Trustee may 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 the Securities of such series or of modifying in any manner
the rights of the Holders of Securities of such series under this Indenture;
provided, that no such supplemental indenture, without the consent of the Holder
of each Outstanding Security affected thereby, shall 

(1) change
the Stated Maturity of the principal of, or premium, if any, or any installment
of interest, if any, on, or any Additional Amounts, if any, with respect to, any
Security, or reduce the principal amount thereof or the premium, if any, thereon
or the rate (or modify the calculation of such rate) of interest thereon, or
reduce the amount payable upon redemption thereof, whether such redemption is
mandatory or at the option of the Company, or upon repayment thereof at the
option of the Holder, or reduce any Additional Amounts payable with respect
thereto, or change the obligation of the Company to pay Additional Amounts
pursuant to Section 1004 (except as contemplated by Section 801(1) and permitted
by Section 901(1)), or reduce the amount of the principal of any Original Issue
Discount Security that would be due and payable upon a declaration of
acceleration of the Maturity thereof pursuant to Section 502 or the amount
thereof provable in bankruptcy pursuant to Section 504, or adversely affect the
right of repayment at the option of any Holder as contemplated by Article
Thirteen, or change the Place of Payment
where or the Currency in which the principal of, any premium or interest on, or
any Additional Amounts with respect to any Security is payable, or impair the
right to institute suit for the enforcement of any such payment on or after the
Stated Maturity thereof (or, in the case of redemption, on or after the
Redemption Date or, in the case of repayment pursuant to Article Thirteen at the
option of the Holder, on or after the date for repayment) in each case as such
Stated Maturity, Redemption Date or date for repayment may, if applicable, be
extended in accordance with the terms of such Security or any Coupon
appertaining thereto, or in the case of any Security which is convertible into
or exchangeable for other securities or property, impair the right to institute
suit to enforce the right to convert or exchange such Security in accordance
with its terms, or 

66 

(2) reduce
the percentage in principal amount of the Outstanding Securities of any series,
the consent of whose Holders is required for any such supplemental indenture, or
the consent of whose Holders is required for any waiver (of compliance with
certain provisions of this Indenture or certain defaults hereunder and their
consequences) provided for in Section 513 or Section 1106 of this Indenture, or
reduce the requirements of Section 1504 for quorum or voting, or 

(3) make
any change that adversely affects the right, if any, to convert or exchange any
Security for Common Shares or other securities or property in accordance with
its terms, or 

(4) modify
any of the provisions of this Section, Section 513 or Section 1006, 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. 

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

Anything in this Indenture to
the contrary notwithstanding, if more than one series of Securities is
Outstanding, the Company shall be entitled to enter into a supplemental
indenture under this Section 902 with respect to any one or more series of
Outstanding Securities without entering into a supplemental indenture with
respect to any other series of Outstanding Securities. 

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

Section 903. Execution of Supplemental Indentures. 

As a condition to executing,
or accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modifications thereby of the trust created by
this Indenture, the Trustee shall receive, and (subject to Sections 315(a)
through 315(d) of the Trust Indenture Act) shall be fully protected in
conclusively relying upon, an Officers’ Certificate and Opinion of Counsel to
the effect that the execution of such supplemental indenture is authorized or permitted by this Indenture and that such
supplemental indenture has been duly authorized, executed and delivered by, and
is a valid, binding and enforceable obligation of, the Company, subject to
customary exceptions. The Trustee may, but 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. 

67

Section 904. Effect of Supplemental Indentures. 

Upon the execution of any
supplemental indenture under this Article, this Indenture shall be modified in
accordance therewith, and such supplemental indenture shall form a part of this
Indenture for all purposes; and every Holder of a Security theretofore or
thereafter authenticated and delivered hereunder and of any Coupon appertaining
thereto shall be bound thereby. 

Section 905. Reference in Securities to Supplemental Indentures. 

Securities of any series
authenticated and delivered after the execution of any supplemental indenture
pursuant to this Article may, and shall if required by the Trustee, bear a
notation in form approved by the Trustee as to any matter provided for in such
supplemental indenture. If the Company shall so determine, new Securities of any
series so modified as to conform, in the opinion of the Trustee and the Company,
to any such supplemental indenture may be prepared and executed by the Company
and authenticated and delivered by the Trustee in exchange for Outstanding
Securities of such series. 

Section 906. Conformity with Trust Indenture Act. 

Every supplemental indenture
executed pursuant to this Article shall conform to the requirements of the Trust
Indenture Act as then in effect. 

ARTICLE TEN

COVENANTS 

Section 1001. Payment of Principal, Premium, Interest and Additional Amounts.

The Company covenants and
agrees for the benefit of the Holders of the Securities of each series that it
will duly and punctually pay the principal of, any premium and interest on and
any Additional Amounts with respect to the Securities of such series, whether
payable in cash, Common Shares or other securities or property, in accordance
with the terms thereof, any Coupons appertaining thereto and this Indenture. Any
interest due on any Bearer Security on or before the Maturity thereof, and any
Additional Amounts payable with respect to such interest, shall be payable only
upon presentation and surrender of the Coupons appertaining thereto for such
interest as they severally mature. 

Section 1002. Maintenance of Office or Agency. 

The Company shall maintain in
each Place of Payment for any series of Securities an Office or Agency where
Securities of such series (but not Bearer Securities, except as otherwise
provided below, unless such Place of Payment is located outside the United
States) may be presented or surrendered for
payment, where Securities of such series may be surrendered for registration of
transfer or exchange, where Securities of such series that are convertible or
exchangeable may be surrendered for conversion or exchange, and where notices
and demands to or upon the Company in respect of the Securities of such series
relating thereto and this Indenture may be served. If Securities of a series are
issuable as Bearer Securities, the Company shall maintain, subject to any laws
or regulations applicable thereto, an Office or Agency in a Place of Payment for
such series which is located outside the United States where Securities of such
series and any Coupons appertaining thereto may be presented and surrendered for
payment; provided, however, that if the Securities of such series are listed on
any stock exchange located outside the United States and such stock exchange
shall so require, the Company shall maintain a Paying Agent in a city located
outside the United States required by such stock exchange, so long as the
Securities of such series are listed on such exchange. The Company will give
prompt written notice to the Trustee of the location, and any change in the
location, of such Office or Agency. If at any time the Company shall fail to
maintain any such required Office or Agency or shall fail to furnish the Trustee
with the address thereof, such presentations, surrenders, notices and demands
may be made or served at the Corporate Trust Office of the Trustee, except that
Bearer Securities of such series and any Coupons appertaining thereto may be
presented and surrendered for payment at the place specified for the purpose
with respect to such Securities as provided in or pursuant to this Indenture,
and the Company hereby appoints the Trustee as its agent to receive all such
presentations, surrenders, notices and demands. 

68

Except as otherwise provided
in or pursuant to this Indenture, no payment of principal, premium, interest or
Additional Amounts with respect to Bearer Securities shall be made at any Office
or Agency in the United States or by check mailed to any address in the United
States or by transfer to an account maintained with a bank located in the United
States; provided, however, if amounts owing with respect to any Bearer
Securities shall be payable in Dollars, payment of principal of, any premium or
interest on and any Additional Amounts with respect to any such Security may be
made at the Corporate Trust Office of the Trustee or any Office or Agency
designated by the Company in the United States designated for such purpose, if
(but only if) payment of the full amount of such principal, premium, interest or
Additional Amounts at all offices outside the United States maintained for such
purpose by the Company in accordance with this Indenture is illegal or
effectively precluded by exchange controls or other similar restrictions (in
which case the Company shall so notify the Trustee in writing). 

The Company may also from time
to time designate one or more other Offices or Agencies where the Securities of
one or more series may be presented or surrendered for any or all such purposes
and may from time to time rescind such designations; provided, however, that no
such designation or rescission shall in any manner relieve the Company of its
obligations to maintain an Office or Agency in each Place of Payment for
Securities of any series for such purposes. The Company shall give prompt
written notice to the Trustee of any such designation or rescission and of any
change in the location of any such other Office or Agency. 

Unless otherwise provided in
or pursuant to this Indenture (including, without limitation, pursuant to
Section 301 with respect to the Securities of any series), the Company hereby
designates the place where the Trustee shall from time to time maintain its
Corporate Trust Office as the Company’s Office or Agency for such purpose and
initially appoints the Trustee as the Security Registrar for each series of
Securities and, if the Securities of any series are convertible into or exchangeable for Common Shares or other securities or
property, initially appoints the Trustee as conversion or exchange agent, as the
case may be, for the Securities of such series. The Company may subsequently
appoint a different or additional Office or Agency and, as provided in Section
305, may remove and replace from time to time the Security Registrar.

69

Section 1003. Money for Securities Payments to Be Held in Trust. 

If the Company shall at any
time act as its own Paying Agent with respect to any series of Securities, it
shall, on or before each due date of the principal of, any premium or interest
on, or any Additional Amounts with respect to any of the Securities of such
series, segregate and hold in trust for the benefit of the Persons entitled
thereto a sum in the Currency or Currencies in which the Securities of such
series are payable sufficient to pay the principal, any premium, interest and
Additional Amounts, as the case may be, so becoming due until such sums shall be
paid to such Persons or otherwise disposed of as herein provided, and shall
promptly notify the Trustee of its action or failure so to act. 

Whenever the Company shall
have one or more Paying Agents for any series of Securities, it shall, on or
prior to each due date of the principal of, or any premium or interest on or any
Additional Amounts with respect to, any Securities of such series, deposit with
any Paying Agent a sum (in the Currency or Currencies described in the preceding
paragraph) sufficient to pay the principal, premium, interest and Additional
Amounts, as the case may be, so becoming due, such sum to be held in trust for
the benefit of the Persons entitled thereto, and (unless such Paying Agent is
the Trustee) the Company will promptly notify the Trustee of its action or
failure so to act. 

The Company shall cause each
Paying Agent for any series of Securities other than the Trustee to execute and
deliver to the Trustee an instrument in which such Paying Agent shall agree with
the Trustee, subject to the provisions of this Section, that such Paying Agent
shall: 

(1) hold
all sums held by it for the payment of the principal of, any premium or interest
on or any Additional Amounts with respect to Securities of such series in trust
for the benefit of the Persons entitled thereto until such sums shall be paid to
such Persons or otherwise disposed of as provided in or pursuant to this
Indenture; 

(2) give
the Trustee notice of any default by the Company (or any other obligor upon the
Securities of such series) in the making of any payment of principal, any
premium or interest on or any Additional Amounts with respect to the Securities
of such series; and 

(3) at any
time during the continuance of any such default, upon the written request of the
Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying
Agent. 

To the extent that the terms
of any Securities established pursuant to Section 301 provide that any principal
of, or premium or interest, if any, on or any Additional Amounts with respect to
any such Securities is or may be payable in Common Shares or other securities or
property, then the provisions of this Section 1003 shall apply, mutatis mutandis, to such Common Shares or other securities or property.

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

Except as otherwise provided
herein or pursuant hereto, any money deposited with the Trustee or any Paying
Agent, or then held by the Company, in trust for the payment of the principal
of, any premium or interest on or any Additional Amounts with respect to any
Security of any series or any Coupon appertaining thereto and remaining
unclaimed for two years after such principal or such premium or interest or
Additional Amount shall have become due and payable shall be paid to the Company
on Company Request, or (if then held by the Company) shall be discharged from
such trust; and the Holder of such Security or any Coupon appertaining thereto
shall thereafter, as an unsecured general creditor, look only to the Company for
payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Company as trustee
thereof, shall thereupon cease; provided, however, that the Trustee or such
Paying Agent, before being required to make any such repayment, may, not later
than 30 days after the Company’s request for such repayment, at the expense of
the Company cause to be published once, in an Authorized Newspaper in each Place
of Payment for such series or to be mailed to Holders of Registered Securities
of such series, or both, notice that such money remains unclaimed and that,
after a date specified therein, which shall not be less than 30 days from the
date of such publication or mailing nor shall it be earlier than two years after
such principal and any premium or interest or Additional Amounts shall have
become due and payable, any unclaimed balance of such money then remaining will
be repaid to the Company. 

Section 1004. Additional Amounts. 

If any Securities of a series
provide for the payment of Additional Amounts by the Company, the Company agrees
to pay to the Holder of any such Security or any Coupon appertaining thereto
Additional Amounts as provided in or pursuant to this Indenture or such
Securities. Whenever in this Indenture there is mentioned, in any context, the
payment of the principal of or any premium or interest on, or in respect of, any
Security of any series or any Coupon, such mention shall be deemed to include
mention of the payment of Additional Amounts provided by the terms of such
series established hereby or pursuant hereto to the extent that, in such
context, Additional Amounts are, were or would be payable in respect thereof
pursuant to such terms, and express mention of the payment of Additional Amounts
(if applicable) in any provision hereof shall not be construed as excluding
Additional Amounts in those provisions hereof where such express mention is not
made. 

Section 1005. Legal Existence. 

Subject to Article Eight, the
Company shall do or cause to be done all things necessary to preserve and keep
in full force and effect its legal existence as any type of Corporation (it
being understood that nothing in this Section 1005 shall prohibit the Company
from changing its legal form from one type of Corporation to another type of
Corporation). 

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Section 1006. Waiver of Certain Covenants. 

The Company may omit in any
particular instance to comply with any term, provision or condition set forth in
Section 801, Section 802, Section 1002, Section 1003 or Section 1005 with
respect to the Securities of any series and, if expressly provided pursuant to
Section 301 with respect to the Securities of such series, any additional
covenants applicable to the Securities of such series if before the time for
such compliance the Holders of at least a majority in principal amount of the
Outstanding Securities of such series, by Act of such Holders, either shall
waive such compliance in such instance or generally shall have waived compliance
with such term, provision or condition, but no such waiver shall extend to or
affect such term, provision or condition except to the extent so expressly
waived, and, until such waiver shall become effective, the obligations of the
Company and the duties of the Trustee in respect of any such term, provision or
condition shall remain in full force and effect. 

Section 1007. Company Statement as to Compliance. 

The Company shall deliver to
the Trustee, within 120 days after the end of each fiscal year, a written
statement (which need not be contained in or accompanied by an Officers’
Certificate) signed by the principal executive officer, the principal financial
officer or the principal accounting officer of the Company, stating whether or
not, to the best of his or her knowledge, the Company is in default in the
performance and observance of any of the terms, provisions and conditions of
this Indenture (without regard to notice requirements or periods of grace) and
if the Company shall be in default, specifying all such defaults and the nature
and status thereof of which he or she may have knowledge. 

Section 1008. Calculation of Original Issue Discount. 

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

ARTICLE ELEVEN

REDEMPTION OF SECURITIES

Section 1101. Applicability of Article. 

Redemption of Securities of
any series at the option of the Company as permitted or required by the terms of
such Securities shall be made in accordance with the terms of such Securities
and (except as otherwise provided herein or pursuant hereto) this Article.

Section 1102. Election to Redeem; Notice to Trustee. 

The election of the Company to
redeem any Securities shall be evidenced by or pursuant to a Board Resolution.
In case of any redemption at the election of the Company of less than all of the
Securities of any series, the Company shall, at least 60 days prior to the
Redemption Date fixed by the Company (unless
a shorter notice shall be satisfactory to the Trustee), notify the Trustee of
such Redemption Date and of the principal amount of Securities of such series to
be redeemed and, in the event that the Company shall determine that the
Securities of any series to be redeemed shall be selected from Securities of
such series having the same issue date, interest rate or interest rate formula,
Stated Maturity and other terms (the “Equivalent Terms”), the Company shall
notify the Trustee of such Equivalent Terms. 

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In the case of any redemption
of Securities (A) prior to the expiration of any restriction on such redemption
provided in the terms of such Securities or elsewhere in this Indenture or (B)
pursuant to an election of the Company which is subject to a condition specified
in the terms of such Securities or elsewhere in this Indenture, the Company
shall furnish to the Trustee an Officers’ Certificate evidencing compliance with
such restriction or condition. 

Section 1103. Selection by Trustee of Securities to be Redeemed. 

If less than all of the
Securities of any series are to be redeemed or if less than all of the
Securities of any series with Equivalent Terms are to be redeemed, the
particular Securities to be redeemed shall be selected not more than 60 days
prior to the Redemption Date by the Trustee (in accordance with the procedures
of the Depository) from the Outstanding Securities of such series or from the
Outstanding Securities of such series with Equivalent Terms, as the case may be,
not previously called for redemption, by such method as the Trustee shall deem
fair and appropriate and which may provide for the selection for redemption of
portions of the principal amount of Registered Securities of such series;
provided, however, that no such partial redemption shall reduce the portion of
the principal amount of a Security of such series not redeemed to less than the
minimum denomination for a Security of such series established herein or
pursuant hereto. 

The Trustee shall promptly
notify the Company and the Security Registrar (if other than itself) in writing
of the Securities selected for redemption and, in the case of any Securities
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 shall relate, in the case of any Securities redeemed or
to be redeemed only in part, to the portion of the principal of such Securities
which has been or is to be redeemed. 

Unless otherwise specified in
or pursuant to this Indenture or the Securities of any series or in a notice of
redemption, if any Security selected for partial redemption is converted or
exchanged for Common Shares or other securities or property in part before
termination of the conversion or exchange right with respect to the portion of
the Security so selected, the converted or exchanged portion of such Security
shall be deemed (so far as may be) to be the portion selected for redemption.
Securities which have been converted or exchanged during a selection of
Securities to be redeemed shall be treated by the Trustee as Outstanding for the
purpose of such selection. 

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Section 1104. Notice of Redemption. 

Notice of redemption shall be
given in the manner provided in Section 106, not less than 30 nor more than 60
days prior to the Redemption Date, unless a shorter period is specified in the
Securities to be redeemed, to the Holders of Securities to be redeemed. Failure
to give notice by mailing in the manner herein provided to the Holder of any
Registered Securities designated for redemption as a whole or in part, or any
defect in the notice to any such Holder, shall not affect the validity of the
proceedings for the redemption of any other Securities or portions thereof.

Any notice that is mailed to
the Holder of any Registered Securities in the manner herein provided shall be
conclusively presumed to have been duly given, whether or not such Holder
receives the notice. In the event Trustee is either selecting notes or
delivering notice, it shall receive notice from the Company 5
Business Days before such selection or delivery.

All notices of redemption
shall state: 

(1) the
Redemption Date, 

(2) the
Redemption Price or, if applicable, the manner in which the Redemption Price
will be determined, 

(3) if
less than all Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the principal amount) of
the particular Security or Securities to be redeemed, 

(4) that,
in case any Security is to be redeemed in part only, on and after the Redemption
Date, upon surrender of such Security, the Holder of such Security will receive,
without charge, a new Security or Securities of authorized denominations for the
principal amount thereof remaining unredeemed, 

(5) that,
on the Redemption Date, the Redemption Price shall become due and payable upon
each such Security or portion thereof to be redeemed, together (if applicable)
with accrued and unpaid interest, if any, thereon (subject, if applicable, to
the provisos to the first paragraph of Section 1106), and, if applicable, that
interest thereon shall cease to accrue on and after said date, 

(6) the
place or places where such Securities, together (in the case of Bearer
Securities) with all Coupons appertaining thereto, if any, maturing after the
Redemption Date, are to be surrendered for payment of the Redemption Price and
any accrued interest and Additional Amounts pertaining thereto, 

(7) that
the redemption is for a sinking fund, if such is the case, 

(8) that,
unless otherwise specified in such notice, Bearer Securities of any series, if
any, surrendered for redemption must be accompanied by all Coupons maturing
subsequent to the date fixed for redemption or the amount of any such missing
Coupon or Coupons will be deducted from the Redemption Price, unless security or
indemnity satisfactory to the Company, the Trustee and any Paying Agent is
furnished, 

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(9) if
Bearer Securities of any series are to be redeemed and any Registered Securities
of such series are not to be redeemed, and if such Bearer Securities may be
exchanged for Registered Securities not subject to redemption on the Redemption
Date pursuant to Section 305 or otherwise, the last date, as determined by the
Company, on which such exchanges may be made, 

(10) in the
case of Securities of any series that are convertible or exchangeable into
Common Shares or other securities or property, the then current conversion or
exchange price or rate, the date or dates on which the right to convert or
exchange the principal of the Securities of such series to be redeemed will
commence or terminate, as applicable, and the place or places where and the
Persons to whom such Securities may be surrendered for conversion or exchange,

(11) the
CUSIP number of such Securities, if any, and 

(12) if the
Redemption Price or any portion thereof shall be payable, at the option of the
Company, in cash or in Common Shares or other securities or property (or a
combination thereof), a statement as to whether the Company has elected to pay
the Redemption Price in cash or Common Shares or other securities or property or
a combination thereof and, if applicable, the portion of the Redemption Price
that is to be paid in cash, Common Shares or other securities or property.

A notice of redemption
published as contemplated by Section 106 need not identify particular Registered
Securities to be redeemed. 

Notice of redemption of
Securities to be redeemed at the election of the Company shall be given by the
Company or, at the Company’s request and expense, by the Trustee in the name and
at the expense of the Company. 

Section 1105. Deposit of Redemption Price. 

On or prior to 10:00a.m., New
York City time, on any Redemption Date, the Company shall deposit, with respect
to the Securities of any series called for redemption pursuant to Section 1104,
with the Trustee or with a Paying Agent (or, if the Company is acting as its own
Paying Agent, segregate and hold in trust as provided in Section 1003) an amount
of money in the applicable Currency or, if the Redemption Price shall be payable
in cash, securities and/or other property, an amount of money in the applicable
Currency, securities and/or other property, as the case may be, sufficient to
pay the Redemption Price of, and (unless otherwise specified pursuant to Section
301 with respect to the Securities of such series) any accrued interest on, all
such Securities or portions thereof which are to be redeemed on that date,
except that, if the Securities of such series are convertible or exchangeable
into Common Shares or other securities or property, no such deposit shall be
required (unless otherwise specified pursuant to Section 301 with respect to the
Securities of such series) with respect to any such Securities (or portions
thereof) which have been converted or exchanged prior to such Redemption Date.

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Section 1106. Securities Payable on Redemption Date. 

Notice of redemption having
been given as aforesaid, the Securities so to be redeemed (except, in the case
of Securities which are convertible or exchangeable into Common Shares or other
securities or property, any such Securities which shall have been so converted
or exchanged prior to the applicable Redemption Date) shall, on the Redemption
Date, become due and payable at the Redemption Price therein specified, together
with (unless otherwise provided with respect to the Securities of such series
pursuant to Section 301) accrued and unpaid interest, if any, thereon and from
and after such date (unless the Company shall default in the payment of the
Redemption Price and accrued interest, if any) such Securities shall cease to
bear interest and the Coupons for such interest appertaining to any Bearer
Securities so to be redeemed, except to the extent provided below, shall be
void. Upon surrender of any such Security for redemption in accordance with said
notice, together with all Coupons, if any, appertaining thereto maturing after
the Redemption Date, such Security shall be paid by the Company at the
Redemption Price, together with, unless otherwise provided in or pursuant to
this Indenture, any accrued and unpaid interest thereon and Additional Amounts
with respect thereto to but excluding the Redemption Date; provided, however,
that, except as otherwise provided in or pursuant to this Indenture or the
Bearer Securities of such series, installments of interest on Bearer Securities
whose Stated Maturity is on or prior to the Redemption Date shall be payable
only upon presentation and surrender of Coupons for such interest (at an Office
or Agency located outside the United States except as otherwise provided in
Section 1002), and provided, further, that, except as otherwise specified in or
pursuant to this Indenture or the Registered Securities of such series,
installments of interest on Registered Securities whose Stated Maturity is on or
prior to the Redemption Date shall be payable to the Holders of such Securities,
or one or more Predecessor Securities, registered as such at the close of
business on the Regular Record Dates therefor according to their terms and the
provisions of Section 307. 

If any Bearer Security
surrendered for redemption shall not be accompanied by all appurtenant Coupons
maturing after the Redemption Date, such Security may be paid after deducting
from the Redemption Price or, at the option of the Company, after payment to the
Trustee for the benefit of the Company of, an amount equal to the face amount of
all such missing Coupons, or the surrender of such missing Coupon or Coupons may
be waived by the Company and the Trustee if there be furnished to them such
security or indemnity as they may require to save each of them and any Paying
Agent harmless from and against any and all loss, liability or expense. If
thereafter the Holder of such Security shall surrender to the Trustee or any
Paying Agent any such missing Coupon in respect of which a deduction shall have
been made from the Redemption Price, such Holder shall be entitled to receive
the amount so deducted; provided, however, that any interest or Additional
Amounts represented by Coupons shall be payable only upon presentation and
surrender of those Coupons at an Office or Agency for such Security located
outside of the United States except as otherwise provided in Section 1002.

If any Security called for
redemption shall not be so paid upon surrender thereof for redemption, the
principal and any premium, until paid, shall bear interest from the Redemption
Date at the rate prescribed therefor in the Security or, if no rate is
prescribed therefor in the Security, at the rate of interest, if any, borne by
such Security. 

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Section 1107. Securities Redeemed in Part. 

Any Registered Security which
is to be redeemed only in part shall be surrendered at any Office or Agency for
such Security (with, if the Company or the Trustee so requires, due endorsement
by, or a written instrument of transfer in form satisfactory to the Company and
the Trustee duly executed by, the Holder thereof or his attorney duly authorized
in writing) and the Company shall execute and the Trustee shall authenticate and
deliver to the Holder of such Security without service charge, a new Registered
Security or Securities of the same series, containing identical terms and
provisions, of any authorized denomination as requested by such Holder in
aggregate principal amount equal to and in exchange for the unredeemed portion
of the principal of the Security so surrendered. If a Security in global form is
so surrendered, the Company shall execute, and the Trustee shall authenticate
and deliver to the Depository for such Security in global form as shall be
specified in the Company Order with respect thereto to the Trustee, without
service charge, a new Security in global form in a denomination equal to and in
exchange for the unredeemed portion of the principal of the Security in global
form so surrendered. 

ARTICLE TWELVE

SINKING FUNDS

Section 1201. Applicability of Article. 

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

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 such
series is herein referred to as an “optional sinking fund payment”. If provided
for by the terms of Securities of any series, the cash amount of any sinking
fund payment may be subject to reduction as provided in Section 1202. Each
sinking fund payment shall be applied to the redemption of Securities of any
series as provided for by the terms of Securities of such series and this
Indenture. 

Section 1202. Satisfaction of Sinking Fund Payments with Securities. 

The Company may, in
satisfaction of all or any part of any sinking fund payment with respect to the
Securities of any series to be made pursuant to the terms of such Securities (1)
deliver Outstanding Securities of such series (other than any of such Securities
previously called for redemption or any of such Securities in respect of which
cash shall have been released to the Company), together in the case of any
Bearer Securities of such series with all unmatured Coupons appertaining
thereto, and (2) apply as a credit Securities of such series which have been
redeemed either at the election of the Company pursuant to the terms of such
series of Securities or through the application of permitted optional sinking
fund payments pursuant to the terms of such Securities, provided that such
Securities have not been previously so credited. Such Securities shall be
received and credited for such purpose by the Trustee at the Redemption Price
specified in such Securities for redemption through operation of the sinking
fund and the amount of such sinking fund payment shall be reduced accordingly.
If as a result of the delivery or credit of Securities of any series in lieu of
cash payments pursuant to this Section 1202, the principal amount of Securities of such series to be redeemed
in order to exhaust the aforesaid cash payment shall be less than $100,000, the
Trustee need not call Securities of such series for redemption, except upon
Company Request, and such cash payment shall be held by the Trustee or a Paying
Agent and applied to the next succeeding sinking fund payment, provided,
however, that the Trustee or such Paying Agent shall at the request of the
Company from time to time pay over and deliver to the Company any cash payment
so being held by the Trustee or such Paying Agent upon delivery by the Company
to the Trustee of Securities of that series purchased by the Company having an
unpaid principal amount equal to the cash payment requested to be released to
the Company. 

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Section 1203. Redemption of Securities for Sinking Fund. 

Not less than 75 days prior to
each sinking fund payment date for any series of Securities, the Company shall
deliver to the Trustee an Officers’ Certificate specifying the amount of the
next ensuing mandatory sinking fund payment for that series pursuant to the
terms of that series, the portion thereof, if any, which is to be satisfied by
payment of cash and the portion thereof, if any, which is to be satisfied by
delivering and crediting of Securities of that series pursuant to Section 1202,
and the optional amount, if any, to be added in cash to the next ensuing
mandatory sinking fund payment, and will also deliver to the Trustee any
Securities to be so credited and not theretofore delivered. If such Officers’
Certificate shall specify an optional amount to be added in cash to the next
ensuing mandatory sinking fund payment, the Company shall thereupon be obligated
to pay the amount therein specified. Not less than 60 days before each such
sinking fund payment date the Trustee shall select the Securities to be redeemed
upon such sinking fund payment date in the manner specified in Section 1103 and
cause notice of the redemption thereof to be given in the name of and at the
expense of the Company in the manner provided in Section 1104.
Such notice having been duly given, the redemption of such Securities shall be
made upon the terms and in the manner stated in Section 1106 and Section 1107.

ARTICLE THIRTEEN

REPAYMENT AT THE OPTION
OF HOLDERS 

Section 1301. Applicability of Article. 

Securities of any series which
are repayable at the option of the Holders thereof before their Stated Maturity
shall be repaid in accordance with the terms of the Securities of such series.
The repayment of any principal amount of Securities pursuant to such option of
the Holder to require repayment of Securities before their Stated Maturity, for
purposes of Section 309, shall not operate as a payment, redemption or
satisfaction of the indebtedness represented by such Securities unless and until
the Company, at its option, shall deliver or surrender the same to the Trustee
with a directive that such Securities be cancelled. Notwithstanding anything to
the contrary contained in this Section 1301, in connection with any repayment of
Securities, the Company may arrange for the purchase of any Securities by an
agreement with one or more investment bankers or other purchasers to purchase
such Securities by paying to the Holders of such Securities on or before the
applicable repayment date an amount not less than the repayment price payable by
the Company on repayment of such Securities, and the obligation of the Company to pay the repayment price of such
Securities shall be satisfied and discharged to the extent such payment is so
paid by such purchasers. 

78

Unless otherwise expressly
stated in this Indenture or pursuant to Section 301 with respect to the
Securities of any series or unless the context otherwise requires, all
references in this Indenture to the repayment of Securities at the option of the
Holders thereof (and all references of like import) shall be deemed to include a
reference to the repurchase or redemption of Securities at the option of the
Holders thereof. 

ARTICLE FOURTEEN

SECURITIES IN FOREIGN
CURRENCIES 

Section 1401. Applicability of Article. 

Whenever this Indenture
provides for (i) any action by, or the determination of any of the rights of,
Holders of Securities of any series in which not all of such Securities are
denominated in the same Currency or (ii) any distribution to Holders of
Securities of any series in which not all of such Securities are denominated in
the same Currency, in the absence of any provision to the contrary in or
pursuant to this Indenture or the Securities of such series, any amount in
respect of any Security denominated in a Currency other than Dollars shall be
treated for any such action, determination or distribution as that amount of
Dollars that could be obtained for such amount on such reasonable basis of
exchange and as of the record date with respect to Registered Securities of such
series (if any) for such action, determination or distribution (or, if there
shall be no applicable record date, such other date reasonably proximate to the
date of such distribution) as the Company may specify in a written notice to the
Trustee. 

ARTICLE FIFTEEN

MEETINGS OF HOLDERS OF
SECURITIES 

Section 1501. Purposes for Which Meetings May Be Called. 

Unless otherwise provided
pursuant to Section 301 with respect to the Securities of any series, the
provisions of this Article Fifteen shall be applicable to a series of Securities
if (and only if) the terms of such Securities established pursuant to Section
301 provide that the Securities of such series shall be issued or issuable, in
whole or in part, as Bearer Securities. A meeting of Holders of Securities of
any series issued or issuable, in whole or in part, as Bearer Securities may be
called at any time and from time to time pursuant to this Article to make, give
or take any request, demand, authorization, direction, notice, consent, waiver
or other Act provided by this Indenture to be made, given or taken by Holders of
Securities of such series. 

Section 1502. Call, Notice and Place of Meetings. 

(1) The
Trustee may at any time call a meeting of Holders of Securities of any series
issued or issuable, in whole or in part, as Bearer Securities, for any purpose
specified in Section 1501, to be held at such time and at such place in the
Borough of Manhattan, The City of New York,
or in London or in such place outside the United States as the Company shall
determine. Notice of every meeting of Holders of Securities of any such series,
setting forth the time and the place of such meeting and in general terms the
action proposed to be taken at such meeting, shall be given, in the manner
provided in Section 106, not less than 21 nor more than 180 days prior to the
date fixed for the meeting. 

79 

(2) In
case at any time the Company (by or pursuant to a Board Resolution) or the
Holders of at least 33 1/3 % in principal amount of the Outstanding Securities
of any series issued or issuable, in whole or in part, as Bearer Securities,
shall have requested the Trustee to call a meeting of the Holders of Securities
of such series for any purpose specified in Section 1501, by written request
setting forth in reasonable detail the action proposed to be taken at the
meeting, and the Trustee shall not have mailed notice of or made the first
publication of the notice of such meeting within 21 days after receipt of such
request (whichever shall be required pursuant to Section 106) or shall not
thereafter proceed to cause the meeting to be held as provided herein, then the
Company or the Holders of Securities of such series in the amount above
specified, as the case may be, may determine the time and the place in London
for such meeting and may call such meeting for such purposes by giving notice
thereof as provided in clause (1) of this Section. 

Section 1503. Persons Entitled to Vote at Meetings. 

To be entitled to vote at any
meeting of Holders of Securities of any series, a Person shall be (1) a Holder
of one or more Outstanding Securities of such series, or (2) a Person appointed
by an instrument in writing as proxy for a Holder or Holders of one or more
Outstanding Securities of such series by such Holder or Holders. The only
Persons who shall be entitled to be present or to speak at any meeting of
Holders of Securities of any series shall be the Persons entitled to vote at
such meeting and their counsel, any representatives of the Trustee and its
counsel and any representatives of the Company and its counsel. 

Section 1504. Quorum; Action. 

The Persons entitled to vote a
majority in principal amount of the Outstanding Securities of a series shall
constitute a quorum for a meeting or duly reconvened meeting of Holders of
Securities of such series; provided, however, that if any action is to be taken
at such meeting with respect to any request, demand, authorization, direction,
notice, consent, waiver or other action which this Indenture expressly provides
may be given by the Holders of a greater percentage in principal amount of the
Outstanding Securities of a series, the Persons entitled to at least such
greater percentage in principal amount of the Outstanding Securities of such
series shall constitute a quorum. In the absence of a quorum within 30 minutes
after the time appointed for any such meeting, the meeting shall, if convened at
the request of Holders of Securities of such series, be dissolved. In any other
case the meeting may be adjourned for a period of not less than 10 days as
determined by the chairman of the meeting prior to the adjournment of such
meeting. In the absence of a quorum at any such adjourned meeting, such
adjourned meeting may be further adjourned for a period of not less than 10 days
as determined by the chairman of the meeting prior to the adjournment of such
adjourned meeting. Notice of the reconvening of any adjourned meeting shall be
given as provided in Section 1502(1), except that such notice need be given only
once not less than five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the
reconvening of an adjourned meeting shall state expressly the percentage, as
provided above, of the principal amount of the Outstanding Securities of such
series which shall constitute a quorum. 

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Except as limited by the
proviso to Section 902, any resolution presented to a meeting or adjourned
meeting duly reconvened at which a quorum is present as aforesaid may be adopted
only by the affirmative vote of the Holders of a majority in principal amount of
the Outstanding Securities of that series; provided, however, that, except as
limited by the proviso to Section 902, any resolution with respect to any
request, demand, authorization, direction, notice, consent, waiver or other Act
which this Indenture expressly provides may be made, given or taken by the
Holders of a specified percentage, which is less than or more than a majority,
in principal amount of the Outstanding Securities of a series may be adopted at
a meeting or an adjourned meeting duly reconvened and at which a quorum is
present as aforesaid by the affirmative vote of the Holders of such specified
percentage in principal amount of the Outstanding Securities of such series.

Any resolution passed or
decision taken at any meeting of Holders of Securities of any series duly held
in accordance with this Section shall be binding on all the Holders of
Securities of such series and the Coupons appertaining thereto, whether or not
such Holders were present or represented at the meeting. 

Section 1505. Determination of Voting Rights; Conduct and Adjournment of Meetings.

(1) Notwithstanding any other provisions of this Indenture, the Trustee may
make such reasonable regulations as it may deem advisable for any meeting of
Holders of Securities of such series in regard to proof of the holding of
Securities of such series and of the appointment of proxies and in regard to the
appointment and duties of inspectors of votes, the submission and examination of
proxies, certificates and other evidence of the right to vote, and such other
matters concerning the conduct of the meeting as it shall deem appropriate.
Except as otherwise permitted or required by any such regulations, the holding
of Securities shall be proved in the manner specified in Section 104 and the
appointment of any proxy shall be proved in the manner specified in Section 104
or by having the signature of the person executing the proxy witnessed or
guaranteed by any trust company, bank or banker authorized by Section 104 to
certify to the holding of Bearer Securities. Such regulations may provide that
written instruments appointing proxies, regular on their face, may be presumed
valid and genuine without the proof specified in Section 104 or other proof.

(2) The
Trustee shall, by an instrument in writing, appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by Holders
of Securities as provided in Section 1502(2), in which case the Company or the
Holders of Securities of the series calling the meeting, as the case may be,
shall in like manner appoint a temporary chairman. A permanent chairman and a
permanent secretary of the meeting shall be elected by vote of the Persons
entitled to vote a majority in principal amount of the Outstanding Securities of
such series represented at the meeting. 

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(3) At any
meeting, each Holder of a Security of such series or proxy shall be entitled to
one vote for each $1,000 principal amount of Securities of such series held or
represented by him; provided, however, that no vote shall be cast or counted at
any meeting in respect of any Security challenged as not Outstanding and ruled
by the chairman of the meeting to be not Outstanding. If the Securities of such
series are issuable in minimum denominations of less than $1,000, then a Holder
of such a Security in a principal amount of less than $1,000 shall be entitled
to a fraction of one vote which is equal to the fraction that the principal
amount of such Security bears to $1,000. The chairman of the meeting shall have
no right to vote, except as a Holder of a Security of such series or proxy.

(4) Any
meeting of Holders of Securities of any series duly called pursuant to Section
1502 at which a quorum is present may be adjourned from time to time by Persons
entitled to vote a majority in principal amount of the Outstanding Securities of
such series represented at the meeting; and the meeting may be held as so
adjourned without further notice. 

Section 1506. Counting Votes and Recording Action of Meetings. 

The vote upon any resolution
submitted to any meeting of Holders of Securities of any series shall be by
written ballots on which shall be subscribed the signatures of the Holders of
Securities of such series or of their representatives by proxy and the principal
amounts and serial numbers of the Outstanding Securities of such series held or
represented by them. The permanent chairman of the meeting shall appoint two
inspectors of votes who shall count all votes cast at the meeting for or against
any resolution and who shall make and file with the secretary of the meeting
their verified written reports in triplicate of all votes cast at the meeting. A
record, at least in triplicate, of the proceedings of each meeting of Holders of
Securities of any series shall be prepared by the secretary of the meeting and
there shall be attached to said record the original reports of the inspectors of
votes on any vote by ballot taken thereat and affidavits by one or more persons
having knowledge of the facts setting forth a copy of the notice of the meeting
and showing that said notice was given as provided in Section 1502 and, if
applicable, Section 1504. Each copy shall be signed and verified by the
affidavits of the permanent chairman and secretary of the meeting and one such
copy shall be delivered to the Company, and another to the Trustee to be
preserved by the Trustee, the latter to have attached thereto the ballots voted
at the meeting. Any record so signed and verified shall be conclusive evidence
of the matters therein stated. 

ARTICLE SIXTEEN

SECURITY 

Section 1601. Security. 

If so provided pursuant to
Section 301 with respect to the Securities of any series, the Securities of such
series may be secured by such property, assets or other collateral as may be
specified in or pursuant to Section 301. Any and all terms and provisions
applicable to the security for the Securities of such series shall also be
provided in or pursuant to Section 301, which may include, without limitation,
provisions for the execution and delivery of such security agreements, pledge
agreements, collateral agreements and other similar or related agreements as the
Company may elect or is necessary to secure the Securities and create and
perfect any lien for the benefit of the holders (and collateral agent) and which
may provide for the Trustee to act as
collateral agent or in a similar or other capacity. The Trustee shall comply
with Sections 313(a)(5) and (6) and 313(b)(1) of the Trust Indenture Act and the
Company shall comply with Sections 314(b), 314(c) and 314(d) of the Trust
Indenture Act, in each case in respect of any secured Securities that may be
outstanding hereunder from time to time. 

* * * * * 

82 

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

		ANNALY CAPITAL MANAGEMENT, INC.
			 
		 	 
		By: 	
			Name:
			Title:
			 
			 
			 
			WELLS FARGO BANK,
      NATIONAL ASSOCIATION,
			 
			 
			as
    Trustee
			 
			 
		By:	
			Name:
			Title:

83

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