Document:

Exhibit 10.52

 

CONFIDENTIAL RELEASE AND WAIVER OF CLAIMS (“Release”)

 

1.               Release of Claims.  As
consideration for the benefits described in Paragraph 2 below, I, Barry S.
Gersten, hereby release and forever discharge
Capmark Finance Inc.  (“Capmark”),  Capmark Financial Group Inc. (“Parent”) and
Parent’s subsidiaries and related entities and companies, any and all of their
respective employee benefit plans, fringe benefit plans or programs, and any
and all of their respective present and past officers, directors, shareholders,
employees, agents and representatives, and the successors and assigns of each
(all of the foregoing, collectively and together with Capmark and Parent, the “Capmark
Group”) from any and all manner of claims, suits, demands, actions, causes of
action, administrative claims, liability, claims for damages, class action
claims or other claims made on my behalf whatsoever that I, my heirs,
representatives, agents, successors, guardians, trusts, trustees or assigns
ever had, have now or may have, whether known or unknown, that arise on or
before the date of my execution of this Release (collectively, the “Released
Claims”).  The Released Claims include
but are not limited to any claims arising from or relating to my recruitment or
hiring by, or my employment with, Capmark and/or any entity within the Capmark
Group, any contingent, bonus or otherwise discretionary compensation awards or
payments of any kind whatsoever, any pending applications for employment with
Capmark and/or any entity within the Capmark Group, or my separation of
employment from Capmark and/or any entity within the Capmark Group including,
but not limited to: (i) any claims (including any claim with respect to
taxes of any kind) arising under the Employee Retirement Income Security Act of
1974, Title VII of the Civil Rights Act, 42 U.S.C. § 2000e
et seq., the New York Human
Rights Law, N.Y. Exec. Law §§ 290 et seq.; the New York Equal Pay Law,
N.Y. Lab. Law §§ 194 -198-a; the New York Whistleblower Protection Law,
N.Y. Lab. Law §§ 740 et seq.; the New York Child Care Leave Law, N.Y.
Lab. Law § 201-C; the New York Law on Equal Rights, N.Y. Civ. Rights, §§ 40-c et
seq.; the New York Payment of Wages Law, N.Y. Lab Law §§ 190 et seq.;
the New York State Minimum Wage Act, N.Y. Lab Law Section §§ 652 et
seq.; the New York Law on Nondiscrimination Against Persons with Certain
Genetic Disorders, N.Y. Stat. Art. 4-C, §§ 48 et seq.; the
Pennsylvania Human Relations Act, 43 P.S. § 951 et seq., the Americans
with Disabilities Act, 42 U.S.C. § 12101, et seq., the Family and Medical
Leave Act, 29 U.S.C. § 2601 et seq., the Age Discrimination in
Employment Act (“ADEA”), 29 U.S.C. § 621 et seq., any other federal,
state or local law or any law of any jurisdiction outside of the United States
as applicable, (ii) breach of contract claims, (iii) defamation,
wrongful discharge, emotional distress or any other tort claim, (iv) any
common law claim, and (v) any claim for attorneys’ fees and costs, arising
in law or equity.  In addition, to the
extent applicable, I expressly waive and release all rights under California
Civil Code section 1542 which states (language in parentheses added):

 

A general release does not extend to claims which the creditor (e.g.,
employee) does not know or suspect to exist in his or her favor at the time of
executing the release, which, if known by him or her, must have materially
affected his settlement with the debtor (e.g., the employer).

 

1

 

Without limiting or modifying my release and waiver of the Released
Claims as set forth herein, the Released Claims do not include any right, claim
or remedy arising after the date on which I sign this Release nor does this
Release prevent me from participating, cooperating, initiating or assisting in
an investigation or proceeding conducted within the Capmark Group or by any
government agency, oversight board, commission or other regulatory or
investigative body; provided, however, with respect to any such investigation
or proceeding or related charges, I hereby waive and release all claims for any
recovery of monetary damages and any other form of personal relief attributable
to events or omissions occurring on or before the date on which I sign this
Release.

 

2.               Release Consideration.  In
consideration for my execution of this Release, Capmark (or its affiliate)
agrees to make a lump sum severance payment to me in the amount of $490,000.00
less all applicable federal, state, local and other taxes, if any, and benefit
withholdings that the Capmark Group is required to withhold.  I acknowledge that in the absence of my
execution of this Release, I would not be entitled to the benefits described in
this Paragraph.  I acknowledge further
that such benefits are adequate and satisfactory consideration to me.  Capmark (or its affiliate) agrees to make the
payment referenced in this Paragraph within thirty (30) days of receiving an
executed copy of this Release from me, provided there has been no revocation of
this Release within the revocation period set forth in Paragraph 13 below.

 

3.               Future Payments and Benefits.  I
agree and understand that the Capmark Group does not have and will not have any
obligation to provide me at any time in the future with any payment or benefit
other than those set forth in Paragraph 2 above, including without limitation
any bonus, contingent award or commission payment, except for any benefit to
which I may be entitled under the terms of the Capmark Financial Group Inc.
Savings Incentive Plan and the Consolidated Omnibus Budget Reconciliation Act
(COBRA).

 

4.               Non-disparagement.  I
agree that I will not make any disparaging comment, orally or in writing, about
any entity within the Capmark Group, or any shareholder, former or current
employee, consultant, advisor, director, service or product of any entity
within the Capmark Group.  Capmark Group
agrees that members of its Executive Committee will not make any disparaging
comment, orally or in writing, about me. 
I agree and acknowledge that I will reasonably cooperate in the future
with Capmark regarding questions that may arise regarding my duties at Capmark
(or any other entity within the Capmark Group) while I was an employee. This
paragraph shall not restrict any party for whom it applies from responding to
legal inquiries or providing information required by law including without
limitation any legal proceeding, subpoenas, or other legal or regulatory
requirement.

 

5.               End of Employment.  I
agree that my last day of employment with Capmark (and any other entity within
the Capmark Group) is April 23, 2009 (the “Separation Date”) and that the
Capmark Group has no obligation to re-employ or hire me in the future.

 

6.               Resignation.   I hereby tender my
resignation, effective as of the Separation Date, from all positions as an
employee,  officer, director and any other
appointment or designation of or by any and all entities within the Capmark
Group.

 

2

 

7.               Assignment.  To the extent, if any, that I
have rights in any invention, improvement, discovery, process, program, product
or system developed by me during my employment with Capmark (and any other
entity within the Capmark Group), I hereby irrevocably transfer, assign and
convey such rights to Capmark and agree that Capmark shall be and remain the
sole and exclusive owner of all right, title and interest in and to any such
invention, improvement, discovery, process, program, product or system,
including, but not limited to, all patent, copyright, trade secret and other
proprietary rights therein that may be secured in any place under laws now or
hereinafter in effect.

 

8.               Non-disclosure.  I
agree and acknowledge that during the course of my employment with Capmark (and
any other entity within the Capmark Group), I had access and was privy to
information, documents and other materials relating to the business of and
entities within the Capmark Group that are confidential and/or proprietary to
entities within the Capmark Group or which constitute or contain the trade
secrets of entities within the Capmark Group (collectively “Confidential
Information”), the disclosure of which could cause irreparable harm to entities
within the Capmark Group.  Examples of
Confidential Information include, but are not limited to, borrower contact lists,
source code, client information, business plans, corporate strategy and any
deal-specific information.  I agree not
to discuss or disclose to any person or entity or use any of the Confidential
Information without prior and specific written permission from Parent’s
Executive Vice President & Chief Administrative Officer or General
Counsel.  I further agree that I have
returned to Capmark all company property, including all Confidential
Information, in my possession, other than Confidential Information that Capmark
has asked that I retain in connection with my Consulting Agreement dated April 24,
2009.

 

9.               Successors and Assigns. 
Capmark’s rights under this Release shall inure to the benefit of and
shall be binding upon the successors and assigns of Capmark.  I shall not be entitled to assign any of my
rights or obligations under this Release.

 

10.         Confidentiality.  I
understand and agree that I have not and will not reveal, disclose or discuss
in any fashion the contents or terms of this Release, except to immediate
family members, tax advisors, legal counsel or as required by law, or to
enforce this Release without prior express written consent of the Executive
Vice President & Chief Administrative Officer or General Counsel of
Parent.  I understand that Capmark will
keep this Release confidential; provided, however, that the Capmark Group may,
in its reasonable discretion, disclose the contents, terms and/or copies of
this Release: (a) to those people who have a legitimate business reason to
know, (b) to enforce the terms of this Release, (c) as required under
any contractual obligation of any entity within the Capmark Group and (d) in
accordance with applicable law, rule, regulation or other legal authority
requiring such disclosure including, without limitation, any required filings
with the Securities and Exchange Commission. 
I understand further that if Capmark receives inquiries from prospective
employers or other third parties regarding my employment with Capmark, it will
disclose only the dates of my employment and final job title.  I agree to direct such inquires to Parent’s
Human Resources Department.

 

3

 

11.         Governing Law.  This
Release is made and entered into in the accordance with the laws of the state
of New York and shall in all respects be interpreted, enforced and governed
under the laws of the state of New York.

 

12.         Entire Agreement.  This
Release contains the entire agreement of the parties with respect to the
subject matter hereof and merges all prior negotiations, agreements and
understandings, if any.  No modification,
release, discharge or waiver of any provision of this Release shall be of any
force or effect unless made in writing and signed by me and Parent’s Executive
Vice President & Chief Administrative Officer or General Counsel, and
specifically identified as a modification, release or discharge of this
Release.  If any term, clause or
provision of this Release shall for any reason be adjudged invalid,
unenforceable or void, the same shall not impair or invalidate any of the other
provisions of this Release, all of which shall be performed in accordance with
their respective terms.

 

13.         Acknowledgments.  By
signing this Release, I acknowledge and agree that:

 

a.                                       I have carefully read and understood all of
the provisions and terms of this Release;

 

b.                                      I have signed this Release knowingly and
voluntarily;

 

c.                                       Capmark advises me to consult with counsel
prior to signing this release;

 

d.                                      Capmark has provided me forty five (45)
calendar days from my receipt of this Release to consider its terms (the “Consideration
Period”), and the parties further agree that changes, if any, whether material
or not, will not restart the Consideration Period;

 

e.                                       Capmark’s offer to enter into this Release shall
automatically expire at the end of the Consideration Period without further
action by any party if I have not signed and returned this Release to Capmark
on or prior to the date thereof, unless Capmark agrees otherwise in writing
signed by either the Executive Vice President & Chief Administrative
Officer or the General Counsel of Parent;

 

f.                                         For the period of seven (7) calendar
days after I sign this Release, I may revoke it by providing written notice of
revocation to Capmark by hand-delivery, facsimile or e-mail transmission (and
retaining proof of successful transmission). 
If I revoke this Release, any letter or other written notice of
revocation shall be delivered, or transmitted by facsimile or by email, no
later than seven (7) calendar days after my execution of this Release,
with arrangements for the letter or other written notice of revocation to be
received by the Capmark Group no later than eight (8) calendar days after
my execution hereof using the following contact information:

 

Capmark Financial Group Inc.

116 Welsh Road

 

4

 

Horsham, PA 19044

Attention: Executive Vice President & Chief Administrative
Officer

Linda.Pickles@capmark.com

Facsimile: 215.328.3714

 

Because of this seven (7) calendar-day revocation period, this
Release will not become effective or enforceable until the eighth (8th) calendar day after the date on which I sign it, provided that I have
previously given my signed Release to Capmark, and I have not revoked it; and

 

g.                                      In signing this Release, I have not relied on
any representations or statements, whether oral or written, other than the
express language contained herein.

 

[Signature page follows]

 

5

 

I
HAVE CAREFULLY READ THIS ENTIRE RELEASE. 
I UNDERSTAND THAT BY SIGNING THIS RELEASE, I AM WAIVING ALL CLAIMS
(WHETHER KNOWN OR UNKNOWN) AGAINST ANY AND ALL ENTITIES WITHIN THE CAPMARK
GROUP RELATING TO MY EMPLOYMENT OR SEPARATION OF EMPLOYMENT WITH CAPMARK AND/OR
ANY ENTITY WITHIN THE CAPMARK GROUP THAT ARISE ON OR BEFORE THE DATE OF MY
EXECUTION OF THIS RELEASE.

 

IN
WITNESS WHEREOF, and intending to be legally bound hereby, I have executed the
foregoing Release this 23rd day of April, 2009.

 

 

	
  /s/
  Barry S. Gersten

  	
   

  
	
  Barry
  S. Gersten

  	
   

  
	
   

  	
   

  
	
  /s/ Alison Snow

  	
   

  
	
  Witness            (Signature)

  	
   

  
	
   

  	
   

  
	
  Alison Snow

  	
   

  
	
  Witness
  Name

  	
   

  

 

 

FOR
AND ON BEHALF OF

CAPMARK
FINANCIAL GROUP INC. AND

CAPMARK
FINANCE INC.

 

 

	
  /s/
  Linda Pickles

  	
   

  
	
  Linda
  Pickles, Executive Vice President & Chief Administrative Officer

  

 

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  Exhibit 4.9    
    

BILL BARRETT CORPORATION  

 to  

 DEUTSCHE BANK TRUST COMPANY AMERICAS  

 Trustee  

 INDENTURE  

 Dated as of [                        ]  

 SENIOR DEBT SECURITIES  

 

 
 

  BILL BARRETT CORPORATION    
    

Certain
Sections of this Indenture relating to Sections 310

through 318, inclusive, of the Trust Indenture Act of 1939 

			
	Trust Indenture Act Section

	 	Indenture Section 
	 Section 310(a)(1)
	 	609
	 (a)(2)
	 	609
	 (a)(3)
	 	Not Applicable
	 (a)(4)
	 	Not Applicable
	 (b)
	 	608
	 Section 311(a)
	 	613
	 (b)
	 	613
	 Section 312(a)
	 	701
	 
	 	702
	 (b)
	 	702
	 (c)
	 	702
	 Section 313(a)
	 	703
	 (b)
	 	703
	 (c)
	 	703
	 (d)
	 	703
	 Section 314(a)
	 	704
	 (a)(4)
	 	101
	 (b)
	 	Not Applicable
	 (c)(1)
	 	102
	 (c)(2)
	 	102
	 (c)(3)
	 	Not Applicable
	 (d)
	 	Not Applicable
	 (e)
	 	102
	 Section 315(a)
	 	601
	 (b)
	 	602
	 (c)
	 	601
	 (d)
	 	601
	 (e)
	 	514
	 Section 316(a)
	 	101
	 (a)(1)(A)
	 	502
	 
	 	512
	 (a)(1)(B)
	 	513
	 (a)(2)
	 	Not Applicable
	 (b)
	 	508
	 (c)
	 	104
	 Section 317(a)(1)
	 	503
	 (a)(2)
	 	504
	 (b)
	 	1003
	 Section 318(a)
	 	107

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

i

 

 
 

  Table of Contents    
    

						
	 
	 	 
	 	Page 
	  ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	 	1
	 	 Section 101.
	 	 Definitions
	 	

1
	 	 Section 102.
	 	Compliance Certificates and Opinions	 	6
	 	 Section 103.
	 	Form of Documents Delivered to Trustee	 	6
	 	 Section 104.
	 	Acts of Holders; Record Dates	 	7
	 	 Section 105.
	 	Notices, Etc., to Trustee and Company	 	9
	 	 Section 106.
	 	Notice to Holders; Waiver	 	9
	 	 Section 107.
	 	Conflict with Trust Indenture Act	 	9
	 	 Section 108.
	 	Effect of Headings and Table of Contents	 	9
	 	 Section 109.
	 	Successors and Assigns	 	9
	 	 Section 110.
	 	Separability Clause	 	9
	 	 Section 111.
	 	Benefits of Indenture	 	9
	 	 Section 112.
	 	Governing Law	 	10
	 	 Section 113.
	 	Legal Holidays	 	10
	 	 Section 114.
	 	No Adverse Interpretation of Other Agreements	 	10
	 	 Section 115.
	 	No Personal Liability of Directors, Officers, Employees and Stockholders	 	10
	 	 Section 116.
	 	Language of Notices, Etc	 	10
	 	 Section 117.
	 	Force Majeure	 	10
	 	 Section 118.
	 	Waiver of Jury Trial	 	10
	  ARTICLE II SECURITY FORMS
	 	

11
	 	 Section 201.
	 	 Forms Generally
	 	

11
	 	 Section 202.
	 	Form of Face of Security	 	11
	 	 Section 203.
	 	Form of Reverse of Security	 	12
	 	 Section 204.
	 	Form of Legend for Global Securities	 	15
	 	 Section 205.
	 	Form of Trustee's Certificate of Authentication	 	15
	  ARTICLE III THE SECURITIES
	 	

15
	 	 Section 301.
	 	 Amount Unlimited; Issuable in Series
	 	

15
	 	 Section 302.
	 	Denominations	 	18
	 	 Section 303.
	 	Execution, Authentication, Delivery and Dating	 	18
	 	 Section 304.
	 	Temporary Securities	 	19
	 	 Section 305.
	 	Registration, Registration of Transfer and Exchange	 	19
	 	 Section 306.
	 	Mutilated, Destroyed, Lost and Wrongfully Taken Securities	 	21
	 	 Section 307.
	 	Payment of Interest; Interest Rights Preserved	 	22
	 	 Section 308.
	 	Persons Deemed Owners	 	23
	 	 Section 309.
	 	Cancellation	 	23
	 	 Section 310.
	 	Computation of Interest	 	23
	 	 Section 311.
	 	CUSIP Numbers	 	24
	  ARTICLE IV SATISFACTION AND DISCHARGE
	 	

24
	 	 Section 401.
	 	 Satisfaction and Discharge of Indenture
	 	

24
	 	 Section 402.
	 	Application of Trust Money	 	25
	  ARTICLE V REMEDIES
	 	

25
	 	 Section 501.
	 	 Events of Default
	 	

25
	 	 Section 502.
	 	Acceleration of Maturity; Rescission and Annulment	 	26

i

 

						
	 
	 	 
	 	Page 
	 	 Section 503.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee	 	27
	 	 Section 504.
	 	Trustee May File Proofs of Claim	 	27
	 	 Section 505.
	 	Trustee May Enforce Claims Without Possession of Securities	 	28
	 	 Section 506.
	 	Application of Money Collected	 	28
	 	 Section 507.
	 	Limitation on Suits	 	28
	 	 Section 508.
	 	Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert	 	29
	 	 Section 509.
	 	Restoration of Rights and Remedies	 	29
	 	 Section 510.
	 	Rights and Remedies Cumulative	 	29
	 	 Section 511.
	 	Delay or Omission Not Waiver	 	29
	 	 Section 512.
	 	Control by Holders	 	29
	 	 Section 513.
	 	Waiver of Past Defaults	 	30
	 	 Section 514.
	 	Undertaking for Costs	 	30
	 	 Section 515.
	 	Waiver of Usury, Stay or Extension Laws	 	30
	  ARTICLE VI THE TRUSTEE
	 	

30
	 	 Section 601.
	 	 Certain Duties and Responsibilities
	 	

30
	 	 Section 602.
	 	Notice of Defaults	 	31
	 	 Section 603.
	 	Certain Rights of Trustee	 	31
	 	 Section 604.
	 	Not Responsible for Recitals or Issuance of Securities	 	32
	 	 Section 605.
	 	May Hold Securities	 	32
	 	 Section 606.
	 	Money Held in Trust	 	33
	 	 Section 607.
	 	Compensation and Reimbursement	 	33
	 	 Section 608.
	 	Conflicting Interests	 	33
	 	 Section 609.
	 	Corporate Trustee Required; Eligibility	 	33
	 	 Section 610.
	 	Resignation and Removal; Appointment of Successor	 	34
	 	 Section 611.
	 	Acceptance of Appointment by Successor	 	35
	 	 Section 612.
	 	Merger, Conversion, Consolidation or Succession to Business	 	36
	 	 Section 613.
	 	Preferential Collection of Claims Against Company	 	36
	 	 Section 614.
	 	Appointment of Authenticating Agent	 	36
	  ARTICLE VII HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY
	 	

37
	 	 Section 701.
	 	 Company to Furnish Trustee Names and Addresses of Holders
	 	

37
	 	 Section 702.
	 	Preservation of Information; Communications to Holders	 	38
	 	 Section 703.
	 	Reports by Trustee	 	38
	 	 Section 704.
	 	Reports by Company	 	38
	  ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	 	

38
	 	 Section 801.
	 	 Company May Consolidate, Etc., Only on Certain Terms
	 	

38
	 	 Section 802.
	 	Successor Substituted	 	39
	  ARTICLE IX SUPPLEMENTAL INDENTURES
	 	

39
	 	 Section 901.
	 	 Supplemental Indentures Without Consent of Holders
	 	

39
	 	 Section 902.
	 	Supplemental Indentures With Consent of Holders	 	40
	 	 Section 903.
	 	Execution of Supplemental Indentures	 	41
	 	 Section 904.
	 	Effect of Supplemental Indentures	 	41
	 	 Section 905.
	 	Conformity with Trust Indenture Act	 	41
	 	 Section 906.
	 	Reference in Securities to Supplemental Indentures	 	42

ii

 

						
	 
	 	 
	 	Page 
	  ARTICLE X COVENANTS
	 	42
	 	 Section 1001.
	 	 Payment of Principal, Premium and Interest
	 	

42
	 	 Section 1002.
	 	Maintenance of Office or Agency	 	42
	 	 Section 1003.
	 	Money for Securities Payments to Be Held in Trust	 	42
	 	 Section 1004.
	 	Corporate Existence	 	43
	 	 Section 1005.
	 	Statement by Officers as to Default	 	43
	 	 Section 1006.
	 	Waiver of Certain Covenants	 	43
	  ARTICLE XI REDEMPTION OF SECURITIES
	 	

44
	 	 Section 1101.
	 	 Applicability of Article
	 	

44
	 	 Section 1102.
	 	Election to Redeem; Notice to Trustee	 	44
	 	 Section 1103.
	 	Selection by Trustee of Securities to Be Redeemed	 	44
	 	 Section 1104.
	 	Notice of Redemption	 	45
	 	 Section 1105.
	 	Deposit of Redemption Price	 	45
	 	 Section 1106.
	 	Securities Payable on Redemption Date	 	46
	 	 Section 1107.
	 	Securities Redeemed in Part	 	46
	  ARTICLE XII SINKING FUNDS
	 	

46
	 	 Section 1201.
	 	 Applicability of Article
	 	

46
	 	 Section 1202.
	 	Satisfaction of Sinking Fund Payments with Securities	 	46
	 	 Section 1203.
	 	Redemption of Securities for Sinking Fund	 	47
	  ARTICLE XIII DEFEASANCE AND COVENANT DEFEASANCE
	 	

47
	 	 Section 1301.
	 	 Company's Option to Effect Defeasance or Covenant Defeasance
	 	

47
	 	 Section 1302.
	 	Defeasance and Discharge	 	47
	 	 Section 1303.
	 	Covenant Defeasance	 	47
	 	 Section 1304.
	 	Conditions to Defeasance or Covenant Defeasance	 	48
	 	 Section 1305.
	 	Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions	 	49
	 	 Section 1306.
	 	Reinstatement	 	50

iii

 

 

        INDENTURE, dated as of
[                                    ], between BILL BARRETT
CORPORATION, a corporation duly organized and existing under the laws of the State of Delaware
(herein called the "Company"), having its principal office at 1099 18th Street, Suite 2300, Denver, Colorado 80202 and Deutsche Bank Trust
Company Americas, as Trustee (herein called the "Trustee"). 

 
 

  RECITALS OF THE COMPANY    
    

        The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its
unsecured debentures, notes or other evidences of indebtedness (herein called the "Securities"), to be issued in one or more series as in this Indenture
provided. 

        All
things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 

 
 

  NOW, THEREFORE, THIS INDENTURE WITNESSETH:    
    

        For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually agreed, for the
equal and proportionate benefit of all Holders of the Securities or of series thereof, as follows: 

 
 

  ARTICLE I
  DEFINITIONS AND OTHER PROVISIONS
  OF GENERAL APPLICATION    
    

        Section 101.    Definitions.    For all purposes of this
Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

        (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)   unless
the context otherwise requires, any reference to an "Article" or a "Section" refers to an Article or a Section, as the case may be, of this Indenture; 

        (5)   the
words "herein", "hereof" and "hereunder" and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other
subdivision; 

        (6)   when
used with respect to any Security, the words "convert", "converted" and "conversion" are intended to refer to the right of the Holder or the Company to convert or
exchange such Security into or for securities or other property in accordance with such terms, if any, as may hereafter be specified for such Security as contemplated by  Section 301, and these
words are not intended to refer to any right of the Holder or the Company to exchange such Security for other Securities
of the same series and like tenor pursuant to Section 304, 305,  306, 906 or 1107 or another similar provision of this
Indenture, unless the context otherwise requires; and references herein to the terms of any Security that may be converted mean such terms as may be specified for such Security as contemplated in  Section 301; and 

        (7)   unless
the context otherwise requires, any reference to "duly provided for" and other words of similar import with respect to any amount or property required to be paid
or delivered, as applicable, shall include, without limitation, having made such amount or property available for payment or delivery. 

1

 

        "Act", when used with respect to any Holder, has the meaning specified in  Section 104. 

        "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. 

        "Applicable Procedures" of a Depositary means, with respect to any matter at any time, the policies and procedures of such Depositary, if
any, that are applicable to such matter at such time. 

        "Authenticating Agent" means, when used with respect to Securities of any series, any Person authorized by the Trustee to act on behalf of
the Trustee to authenticate the Securities of such series. 

        "Board of Directors" means either the board of directors of the Company or any duly authorized committee of that board. 

        "Board Resolution" means a copy of a resolution 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, and delivered to the Trustee. Where any provision of this Indenture refers to action to be taken
pursuant to a Board Resolution (including the establishment of any series of the Securities and the forms and terms thereof), such action may be taken by any officer or employee of the Company
authorized to take such action by the Board of Directors as evidenced by a Board Resolution. 

        "Business Day", when used with respect to any Place of Payment, means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a
day on which banking institutions in that Place of Payment are authorized or obligated by law or executive order to close; provided that, when used with respect to any Security, "Business Day" may
have such other meaning, if any, as may be specified for such Security as contemplated by Section 301. 

        "Commission" means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or, if at any
time after the execution of this instrument 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. 

        "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. 

        "Company Request" or "Company Order" means a written request or order signed in the name
of the Company by any two of the following: a Chairman of the Board, a Chief Executive Officer, a President, a Vice President, a Treasurer, an Assistant Treasurer, its Secretary or an Assistant
Secretary of the Company, or any other officer or officers of the Company designated in writing by or pursuant to authority of the Board of Directors and delivered to the Trustee from time to time. 

        "Corporate Trust Office" means the designated office of the Trustee in New York, New York at which at any particular time its corporate
trust business shall be administered and which, at the date hereof, is located at 60 Wall Street, MSNYC60-2710, New York, NY 10005, Attention: Trust and Securities Services, or at such
other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee. 

        "corporation" means a corporation, association, company (including a limited liability company), joint-stock company, business trust or
other similar entity. 

        "Covenant Defeasance" has the meaning specified in Section 1303. 

2

 

        "Defaulted Interest" has the meaning specified in Section 307. 

        "Defeasance" has the meaning specified in Section 1302. 

        "Depositary" means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global Securities, a
clearing agency that is designated to act as depositary for such Securities as contemplated by Section 301. 

        "DTC" has the meaning specified in Section 104. 

        "Event of Default" has the meaning specified in Section 501. 

        "Exchange Act" means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time to time. 

        "Expiration Date" has the meaning specified in Section 104. 

        "GAAP" means, at any time, (i) generally accepted accounting principles set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such
other entity as have been approved by a significant segment of the accounting profession in the United States or (ii) if at such time the Company is required to prepare its financial statements
for reports filed with the Commission under Section 13 or 15(d) of the Exchange Act pursuant to standards other than those specified in clause (i) (which may include International
Financial Reporting Standards), such other standards, in each case which are in effect at such time. 

        "Global Security" means a Security that evidences all or part of the Securities of any series and bears the legend set forth in  Section 204 (or such legend
as may be specified as contemplated by Section 301 for such
Securities). 

        "Holder" means a Person in whose name a Security is registered in the Security Register. 

        "Indenture" means this instrument as originally executed and 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, including, for all purposes of this instrument and any such supplemental indenture, the provisions of the
Trust Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The term "Indenture"
shall also include the terms of any particular series or specific Securities within a series established as contemplated by Section 301. 

        "interest", when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means
interest payable after Maturity. 

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

        "Maturity", when used 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 therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 

        "Notice of Default" means a written notice of the kind specified in Section 501(4). 

        "Officers' Certificate" means a certificate signed by any two of the following: a Chairman of the Board, a Chief Executive Officer, a
Chief Operating Officer, a Chief Financial Officer, a President, a Vice President, a Treasurer, an Assistant Treasurer, a Secretary or an Assistant Secretary of the Company, or any other officer or
officers of the Company designated in a writing by or pursuant to authority of the Board of Directors and delivered to the Trustee from time to time. 

3

 

        "Opinion of Counsel" means a written opinion of counsel, who may be an employee of or counsel for the Company. 

        "Original Issue Discount Security" means any Security which provides for an amount less than the principal amount thereof to be due and
payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502. 

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

        (1)   Securities
theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 

        (2)   Securities
for whose payment or redemption money in the necessary amount has been theretofore deposited 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; 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; 

        (3)   Securities
as to which Defeasance has been effected pursuant to Section 1302; 

        (4)   Securities
which have 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, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such
Securities are held by a protected purchaser in whose hands such Securities are valid obligations of the Company; and 

        (5)   Securities
as to which any property deliverable upon conversion thereof has been delivered (or such delivery has been duly provided for), or as to which any other
particular conditions have been satisfied, in each case as may be provided for such Securities as contemplated in Section 301; 

provided, however, that in determining whether the Holders of the requisite principal amount of the
Outstanding Securities have given, made or taken any request, demand, authorization, direction, notice, consent, waiver or other action hereunder as of any date, (A) the principal amount of an
Original Issue Discount Security which shall be deemed to be Outstanding shall be the amount of the principal thereof which would be due and payable as of such date upon acceleration of the Maturity
thereof to such date pursuant to Section 502, (B) if, as of such date, the principal amount payable at the Stated Maturity of a Security
is not determinable, the principal amount of such Security which shall be deemed to be Outstanding shall be the amount as specified or determined as contemplated by  Section 301, (C) the
principal amount of a Security denominated in one or more foreign currencies, composite currencies or currency units
which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated by  Section 301, of the principal amount of such
Security (or, in the case of a Security described in Clause (A) or (B) above, of the
amount determined as provided in such Clause), and (D) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be
disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent,
waiver or other action, only Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may
be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee's right so to act with respect to such Securities and that the pledgee is not the Company or any
other obligor upon the Securities or any Affiliate of the Company or of such other obligor. 

4

 

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

        "Person" means any individual, corporation, partnership, joint venture, trust, unincorporated organization or government or any agency or
political subdivision thereof. 

        "Place of Payment", when used with respect to the Securities of any series and subject to  Section 1002, means the place or places where the principal of and
any premium and interest on the Securities of that series are payable as
specified as contemplated by Section 301. 

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

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

        "Redemption Price", when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to this
Indenture. 

        "Regular Record Date" for the interest payable on any Interest Payment Date on the Securities of any series means the date specified for
that purpose as contemplated by Section 301. 

        "Responsible Officer", when used with respect to the Trustee, means any officer of the Trustee within the corporate trust department,
including any Managing Director, Director, Vice President, assistant secretary, assistant treasurer, assistant cashier, trust officer, assistant trust officer or assistant controller assigned to the
Corporate Trust Office, or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a
particular corporate trust matter, any other officer of the Trustee to whom such matter is
referred because of his knowledge of and familiarity with the particular subject, and who shall have direct responsibility for the administration of this Indenture. 

        "Securities" has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and
delivered under this Indenture. 

        "Securities Act" means the Securities Act of 1933 and any statute successor thereto, in each case as amended from time to time. 

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

        "Special Record Date" for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to  Section 307. 

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

        "Subsidiary" means any Person a majority of the combined voting power of the total outstanding ownership interests in which is, at the
time of determination, beneficially owned or held, directly or indirectly, by the Company or one or more other Subsidiaries. For this purpose, "voting power" means power to vote in an ordinary
election of directors (or, in the case of a Person that is not a corporation, ordinarily to appoint or approve the appointment of Persons holding similar positions), whether at all times or only as
long as no senior class of ownership interests has such voting power by reason of any contingency. 

5

 

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

        "Trust Indenture Act" means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed;  provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, "Trust
Indenture Act" means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended. 

        "Uniform Commercial Code" means the Uniform Commercial Code in effect in the State of Delaware or the State of New York, as applicable, in
each case as amended from time to time. 

        "U.S. Government Obligation" has the meaning specified in Section 1304. 

        "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.    Upon any application or request by the Company to the
Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee such certificates and opinions as may be required under the Trust Indenture Act;  provided,
however, that no such opinion shall be required in connection with the issuance of Securities
that are part of any series as to which such an opinion has been furnished. Each such certificate or opinion shall be given in the form of an Officers' Certificate, if to be given by an officer of the
Company, or an Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 

        Every
certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 

        (1)   a
statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 

        (2)   a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are
based; 

        (3)   a
statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as
to whether or not such covenant or condition has been complied with; and 

        (4)   a
statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

        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 a certificate or opinion of, or representations by, counsel, unless
such officer knows that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of, or
representation by, counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, 

6

 

an
officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows that the certificate or opinion
or representations with respect to such matters are erroneous. 

        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, they
may, but need not, be consolidated and form one instrument. 

        Section 104.    Acts of Holders; Record Dates.    Any request, demand, authorization, direction, notice,
consent, waiver or other action provided or permitted by this Indenture to be given, made 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 or agents duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or
instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein
sometimes referred to as the "Act" of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for
any purpose of this Indenture and (subject to Section 601) conclusive in favor of the Trustee and the Company, if made in the manner provided in
this Section. 

        Without
limiting the generality of this Section, unless otherwise provided in or pursuant to this Indenture, (i) a Holder, including a Depositary or its nominee that is a Holder
of a Global Security,
may give, make or take, by an agent or agents duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted in or pursuant to
this Indenture to be given, made or taken by Holders, and a Depositary or its nominee that is a Holder of a Global Security may duly appoint in writing as its agent or agents members of, or
participants in, such Depositary holding interests in such Global Security in the records of such Depositary; and (ii) with respect to any Global Security the Depositary for which is The
Depository Trust Company ("DTC"), any consent or other action given, made or taken by an "agent member" of DTC by electronic means in accordance with
the Automated Tender Offer Procedures system or other Applicable Procedures of, and pursuant to authorization by, DTC shall be deemed to constitute the "Act" of the Holder of such Global Security, and
such Act shall be deemed to have been delivered to the Company and the Trustee upon the delivery by DTC of an "agent's message" or other notice of such consent or other action having been so given,
made or taken in accordance with the Applicable Procedures of DTC. 

        The
fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or
other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is
by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any
such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 

        The
ownership of Securities shall be proved by the Security Register. 

        Any
request, demand, authorization, direction, notice, consent, waiver or other Act of 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, omitted or suffered to be done by the Trustee or the Company in
reliance thereon, whether or not notation of such action is made upon such Security. 

7

 

        The
Company may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to give, make or take any request, demand,
authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders of Securities of such series, provided that the Company
may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving, making or taking of any notice, declaration, request or direction referred to in the
next paragraph. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date, and no other Holders, shall be entitled to give,
make or take the relevant action,
whether or not such Holders remain Holders after such record date; provided, however, that no such
action shall be effective hereunder unless given, made or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on
such record date. Nothing in this paragraph shall be construed to prevent the Company from setting a new record date for any action for which a record date has previously been set pursuant to this
paragraph (whereupon the record date previously set shall automatically and with no action by any Person be canceled and of no effect), and nothing in this paragraph shall be construed to render
ineffective any action given, made or taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is given, made or taken. Promptly
after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to
be given to the Trustee in writing and to each Holder of Securities of the relevant series in the manner set forth in Sections 105 and  106.

        The
Trustee may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to join in the giving, making or taking of
(i) any Notice of Default, (ii) any declaration of acceleration referred to in Section 502, (iii) any request to institute
proceedings referred to in Section 507(2) or (iv) any direction referred to in  Section 512, in each case with respect to Securities of such
series. If any record date is set pursuant to this paragraph, the Holders of
Outstanding Securities of such series on such record date, and no other Holders, shall be entitled to give, make or take such notice, declaration, request or direction, whether or not such Holders
remain Holders after such record date; provided, however, that no such action shall be effective
hereunder unless given, made or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing
in this paragraph shall be construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the
record date previously set shall automatically and with no action by any Person be canceled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action given,
made or taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is given, made or taken. Promptly after any record date is set
pursuant to this paragraph, the Trustee, at the Company's expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Company
in writing and to each Holder of Securities of the relevant series in the manner set forth in Sections 105 and  106. 

        With
respect to any record date set pursuant to this Section, the party hereto which sets such record date may designate any day as the "Expiration
Date" and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new
Expiration Date is given to the other party hereto in writing, and to each Holder of Securities of the relevant series in the manner set forth in  Section 106, on or prior to the existing Expiration
Date. If an Expiration Date is not designated with respect to any record date set pursuant to
this Section, the party hereto which set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject
to its right to change the Expiration Date to an earlier day as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the
applicable record date. 

8

 

 

        Without limiting the foregoing, a Holder entitled hereunder to give, make or take any action hereunder with regard to any particular Security may do so, in person or by an agent duly
appointed in writing, with regard to all or any part of the principal amount of such Security. 

        Section 105.    Notices, Etc., to Trustee and Company.    Any request, demand, authorization, direction,
notice, consent, waiver or 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 by
the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing (which may be by facsimile transmission) to or with the Trustee at its Corporate Trust Office,
Attention: Trust and Securities Services or (2) the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in
writing and mailed, first-class postage prepaid, to the Company addressed to it at the address of its 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; Waiver.    Where this Indenture provides for notice to Holders of any event,
such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it
appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such notice. In any case where notice to
Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other
Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver
shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance
upon such waiver. 

        In
case by reason of the suspension of 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. 

        Where
this Indenture provides for notice of any event to a Holder of a Global Security, such notice shall be sufficiently given if given to the Depositary for such Security (or its
designee), pursuant to its Applicable Procedures, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such notice. 

        Section 107.    Conflict with Trust Indenture Act.    If any provision hereof limits, qualifies or conflicts
with a provision of the Trust Indenture Act which is required under such Act to be a part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies
or excludes any provision of the Trust Indenture Act which may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case
may be. 

        Section 108.    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 109.    Successors and Assigns.    All covenants and agreements in this Indenture by the Company shall
bind its successors and assigns, whether so expressed or not. 

        Section 110.    Separability Clause.    In case any provision in this Indenture or in the Securities shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

        Section 111.    Benefits of Indenture.    Nothing in this Indenture or in the Securities, express or implied,
shall give to any Person, other than the parties hereto and their successors hereunder and the 

9

 

Holders,
any benefit or any legal or equitable right, remedy or claim under this Indenture, except as may otherwise be provided pursuant to  Section 301 with respect to any Securities of a particular series
or under this Indenture with respect to such Securities. 

        Section 112.    Governing Law.    This Indenture and the Securities and the rights and obligations of the
parties hereto and thereto, including the interpretation, construction, validity and enforceability thereof, shall be governed by and construed and interpreted in accordance with the law of the State
of New York. 

        Section 113.    Legal Holidays.    In any case where any Interest Payment Date, Redemption Date or Maturity of
any Security, or any date on which a Holder has the right to convert his Security, shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or
of the Securities (other than a provision of any Security which specifically states that such provision shall apply in lieu of this Section)) payment of interest or principal (and premium, if any), or
conversion of such Security need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if
made on the Interest Payment Date or Redemption Date, or at the Maturity, or on such date for conversion, as the case may be. 

        Section 114.    No Adverse Interpretation of Other Agreements.    This Indenture may not be used to interpret
any other indenture, loan or other agreement of the Company or its Subsidiaries or of any other Person. Any such indenture, loan or other agreement may not be used to interpret this Indenture. 

        Section 115.    No Personal Liability of Directors, Officers, Employees and Stockholders.    No past, present
or future director, officer, employee, incorporator or stockholder of the Company, as such, will have any liability for any obligations of the Company under the Securities or this Indenture or for any
claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities by accepting a Security waives and releases all such liability. The waiver and release are
part of the consideration for issuance of the Securities. The waiver may not be effective to waive liabilities under the federal securities laws. 

        Section 116.    Language of Notices, Etc.    Any request, demand, authorization, direction, notice, consent,
waiver, other action or Act provided or permitted under this Indenture shall be in the English language, except that any published notice may be in an official language of the country of publication. 

        Section 117.    Force Majeure.    Subject to  Section 601, 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 that are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

        Section 118.    Waiver of Jury Trial.    EACH OF THE COMPANY AND THE TRUSTEE HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE. 

10

 
 
 

  ARTICLE II
  SECURITY FORMS    
    

        Section 201.    Forms Generally.    The Securities of each
series shall be in substantially the form set forth in this Article, or in such other form as shall be established by or pursuant to a Board Resolution or in one or more indentures supplemental
hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks
of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or Depositary therefor or as may, consistently herewith, be
determined by the officers executing such Securities, as evidenced by their execution thereof. If the form of Securities of any series is established by action taken pursuant to a Board Resolution, a
copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Company Order
contemplated by Section 303 for the authentication and delivery of such Securities. 

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

        Section 202.    Form of Face of Security. 

        [Insert
any legend required by the Internal Revenue Code and the regulations thereunder.] 

BILL
BARRETT CORPORATION 

					
	 
	 	 
	 	 

	No.                                    	 	$                                    	 	CUSIP
No.                                    

BILL BARRETT CORPORATION, a corporation duly organized and existing under the laws of the State of Delaware (herein called the
"Company", which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                                    , or registered assigns, the
principal sum of                                    Dollars
on                                    [if the Security is to bear
interest prior to Maturity, insert—, and to
pay interest thereon from                                    or from
the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually
on                                    and
                                    in each year,
commencing                                    , and at the Maturity
thereof, at the rate of        % per annum, until the principal hereof is paid or made available for payment
[if applicable, insert—, provided that any premium, and any such installment of interest, which is overdue shall bear interest at the rate of        % per annum (to the
extent that the payment of such interest shall be legally enforceable), from the date such overdue amount is due until such amount is paid or duly provided for, and such interest on any overdue amount
shall be payable on demand]. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in
whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be
the                                    or
                                    (whether or not a Business Day),
as the case may be, next preceding such Interest Payment Date. Any such interest so payable, but not punctually paid or duly provided for, will
forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than
10 days prior to such Special Record Date, or be paid in any other lawful manner not inconsistent with the 

11

 

requirements
of any securities exchange on which this Security may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture]. 

        [If
the Security is not to bear interest prior to Maturity, insert—The principal of this Security shall not bear interest except in the case of a default in
payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal and any overdue premium shall bear interest at the rate of        % per
annum (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment. Interest on any overdue
principal or premium shall be payable on demand.] 

        Payment
of the principal of (and premium, if any) and [if applicable, insert—any such] interest on this Security will be made at the office or agency
of the Company maintained for that purpose in New York, New York, 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, against surrender of this Security in the case of any payment due at the Maturity of the principal thereof or any payment of interest becomes payable on a day other than an Interest Payment
Date; provided, however, that if this Security is not a Global Security, (i) payment of interest
on an Interest Payment Date will be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; and all other payments will be made by
check against surrender of this Security; (ii) all payments by check will be made in next-day funds (i.e., funds that become
available on the day after the check is cashed); and (iii) notwithstanding clauses (i) and (ii) above, with respect to any payment of any amount due on this Security, if this
Security is in a denomination of at least $1,000,000 and the Holder hereof at the time of surrender hereof or, in the case of any payment of interest on any Interest Payment Date, the Holder thereof
on the related Regular Record Date delivers a written request to the Paying Agent to make such payment by wire transfer at least five Business Days before the date such payment becomes due, together
with appropriate wire transfer instructions specifying an account at a bank in New York, New York, the Company shall make such payment by wire transfer of immediately available funds to such account
at such bank in New York City, any such wire instructions, once properly given by a Holder as to this Security, remaining in effect as to such Holder and this Security unless and until new
instructions are given in the manner described above and provided further, that notwithstanding anything in the foregoing to the contrary, if this
Security is a Global Security, payment shall be made pursuant to the Applicable Procedures of the Depositary as permitted in said Indenture. 

        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, this Security shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose. 

        IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

					
	 
	 	 
	 	 

	 
	 	BILL BARRETT CORPORATION
	 
	 	 By:
	 	 

 
	 
	 	 Name:
	 	 

 
	 
	 	 Title:
	 	 

 

        Section 203.    Form of Reverse of Security.    This Security is one of
a duly authorized issue of senior securities of the Company (herein called the "Securities"), issued and to be issued in one or more series under an
Indenture, dated as of [                                    ], (herein
called the "Indenture", which term shall have the meaning assigned to it in
such instrument), between the Company and Deutsche Bank Trust 

12

 

Company
Americas, as Trustee (herein called the "Trustee," which term includes any successor trustee under the Indenture), and reference is hereby made
to the Indenture 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 designated on the face hereof [if applicable, insert—limited in
aggregate principal amount to $                                    ].

        [If
applicable, insert—The Securities of this series are subject to redemption upon not less than 30 days' nor more than 60 days' notice, at any
time [if applicable, insert—on or
after                                    ,
20            ], as a whole or in part, at the election of the Company, at the following Redemption
Prices (expressed as percentages of the principal amount): If redeemed [if applicable, insert—on or
before                                    ,
        %, and if redeemed] during
the 12-month period beginning                                    of
the years indicated, 

							
	Year

 
	 	Redemption Price 	 	Year 	 	Redemption Price 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 

and
thereafter at a Redemption Price equal to        % of the principal amount, together in the case of any such redemption with accrued interest to the Redemption Date, but interest
installments whose Stated
Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record
Dates referred to on the face hereof, all as provided in the Indenture.] 

        [If
the Security is subject to redemption of any kind, insert—In the event of redemption of this Security in part only, a new Security or Securities of this
series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.] 

        [If
applicable, insert—The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants
and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture.] 

        [If
the Security is not an Original Issue Discount Security, insert—If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 

        [If
the Security is an Original Issue Discount Security, insert—If an Event of Default with respect to Securities of this series shall occur and be continuing, an
amount of principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to—insert
formula for determining the amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal, premium and interest (in each
case to the extent that the payment of such interest shall be legally enforceable), all of the Company's obligations in respect of the payment of the principal of and premium and interest, if any, on
the Securities of this series shall terminate.] 

        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 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 (including consents obtained in
connection with a purchase of, or tender offer or exchange offer for, Securities) of all Securities at the time Outstanding to be affected (considered together as one class for this purpose and such
Securities to be affected potentially being Securities of the same or different series and, with respect to any series, potentially comprising fewer than all the Securities of such series), except as
may otherwise be provided 

13

 

pursuant
to the Indenture for all or any specific Securities of any series. The Indenture also contains provisions (i) permitting the Holders of a majority in principal amount (including
waivers obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of the Securities at the time Outstanding to be affected under the Indenture (considered together
as one class for this purpose and such affected Securities potentially being Securities of the same or different series and, with respect to any particular series, potentially comprising fewer than
all the Securities of such series), on behalf of the Holders of all Securities so affected, to waive compliance by the Company with certain provisions of the Indenture and (ii) permitting the
Holders of a majority in principal amount (including waivers obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of the Securities at the time Outstanding of
any series to be affected under the Indenture (with each such series considered separately for this purpose), on behalf of the Holders of all Securities of such series, to waive certain past defaults
under the Indenture with respect to such series and their consequences, in the case of Clause (i) or (ii), except as may otherwise be provided pursuant to the Indenture for all or any specific
Securities of any series. 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. 

        As
provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture, or for the
appointment of a receiver or trustee, or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the
Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee and offered the Trustee indemnity reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in
principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after
receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or
any premium or interest hereon on or after the respective due dates expressed herein. 

        No
reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to
pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

        As
provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more
new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

        The
Securities of this series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and subject
to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same. 

14

 

 

        No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith. 

        Prior
to due presentment of this 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. 

        [If
this Security is a Global Security, insert—This Security is a Global Security and is subject to the provisions of the Indenture relating to Global Securities,
including the limitations therein on transfers and exchanges of Global Securities.] 

        This
Security and the Indenture shall be governed by and construed in accordance with the law of the State of New York. 

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

        Section 204.    Form of Legend for Global Securities.    Unless otherwise specified as contemplated by  Section 301 for the Securities evidenced thereby, every
Global Security authenticated and delivered hereunder shall bear a legend in
substantially the following form: 

        THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT
BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

        Section 205.    Form of Trustee's Certificate of Authentication.    The Trustee's certificates of
authentication shall be in substantially the following form: 

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

Dated:

				
	 	DEUTSCHE BANK TRUST COMPANY AMERICAS, AS TRUSTEE
	
 	
 By:	
 	
  

  Authorized Signatory

 
 

  ARTICLE III
  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. There shall be established in or pursuant to a Board Resolution and, subject to  Section 303, set forth, or determined in the manner provided, in an
Officers' Certificate, or established in one or more indentures supplemental
hereto, prior to the issuance of Securities of any series, 

15

 

        (1)   the
title of the Securities of the series (which shall distinguish the Securities of the series from Securities of any other series); 

        (2)   any
limit upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to  Section 304, 305, 306,  906 or 1107 and except for any Securities which, pursuant to  Section 303, are deemed never to have been authenticated and delivered hereunder); 

        (3)   the
Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose name that Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date for such interest; 

        (4)   the
date or dates on which the principal of any Securities of the series is payable; 

        (5)   the
rate or rates at which any Securities of the series shall bear interest, if any, the date or dates from which any such interest shall accrue, the Interest Payment
Dates on which any such interest shall be payable and the Regular Record Date for any such interest payable on any Interest Payment Date; 

        (6)   the
place or places where the principal of and any premium and interest on any Securities of the series shall be payable and the manner in which any payment may be made; 

        (7)   the
period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the series may be redeemed, in whole or in
part, at the option of the Company and, if other than by a Board Resolution, the manner in which any election by the Company to redeem the Securities shall be evidenced; 

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

        (9)   if
other than denominations of $1,000 and any multiple thereof, the denominations in which any Securities of the series shall be issuable; 

        (10) if
the amount of principal of or any premium or interest on any Securities of the series may be determined with reference to an index or pursuant to a formula, the
manner in which such amounts shall be determined; 

        (11) if
other than the currency of the United States of America, the currency, currencies, composite currency, composite currencies or currency units in which the principal
of or any premium or interest on any Securities of the series shall be payable and the manner of determining the equivalent thereof in the currency of the United States of America for any purpose,
including for the purposes of making payment in the currency of the United States of America and applying the definition of "Outstanding" in  Section 101; 

        (12) if
the principal of or any premium or interest on any Securities of the series is to be payable, at the election of the Company or the Holder thereof, in one or more
currencies, composite currencies or currency units other than that or those in which such Securities are stated to be payable, the currency, currencies, composite currency, composite currencies or
currency units in which the principal of or any premium or interest on such Securities as to which such election is made shall be payable, the periods within which and the terms and conditions upon
which such election is to be made and the amount so payable (or the manner in which such amount shall be determined); 

16

 

        (13) if
other than the entire principal amount thereof, the portion of the principal amount of any Securities of the series which shall be payable upon declaration of
acceleration of the Maturity thereof pursuant to Section 502; 

        (14) if
the principal amount payable at the Stated Maturity of any Securities of the series will not be determinable as of any one or more dates prior to the Stated
Maturity, the amount which shall be
deemed to be the principal amount of such Securities as of any such date for any purpose thereunder or hereunder, including the principal amount thereof which shall be due and payable upon any
Maturity other than the Stated Maturity or which shall be deemed to be Outstanding as of any date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed to be the
principal amount shall be determined); 

        (15) if
applicable, that the Securities of the series, in whole or any specified part, shall not be defeasible pursuant to  Section 1302 or Section 1303
or both such Sections, and, if such Securities may be
defeased, in whole or in part, pursuant to either or both such Sections, any provisions to permit a pledge of obligations other than U.S. Government Obligations (or the establishment of other
arrangements) to satisfy the requirements of Section 1304(1) for defeasance of such Securities and, if other than by a Board Resolution, the
manner in which any election by the Company to defease such Securities shall be evidenced; 

        (16) if
applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities and, in such case, the respective
Depositaries for such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or in lieu of that set forth in  Section 204, any addition
to, elimination of or other change in the circumstances set forth in Clause (2) of the penultimate paragraph of  Section 305 in which any such Global Security may be exchanged in whole or in
part for Securities registered, and any transfer of such Global
Security in whole or in part may be registered, in the name or names of Persons other than the Depositary for such Global Security or a nominee thereof and any other provisions governing exchanges or
transfers of any such Global Security; 

        (17) any
addition to, elimination of or other change in the Events of Default which applies to any Securities of the series and any change in the right of the Trustee or the
requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 502; 

        (18) any
addition to, elimination of or other change in the covenants set forth in Article X which applies to
Securities of the series; 

        (19) any
provisions necessary to permit or facilitate the issuance, payment or conversion of any Securities of the series that may be converted into securities or other
property other than Securities of the same series and of like tenor, whether in addition to, or in lieu of, any payment of principal or other amount and whether at the option of the Company or
otherwise; 

        (20) if
applicable, that Persons other than those specified in Section 111 shall have such benefits, rights, remedies
and claims with respect to any Securities of the series or under this Indenture with respect to such Securities, as and to the extent provided for such Securities; 

        (21) any
change in the actions permitted or required under this Indenture to be taken by or on behalf of the Holders of the Securities of the series, including any such
change that permits or requires any or all such actions to be taken by or on behalf of the Holders of any specific Securities of the series rather than or in addition to the Holders of all Securities
of the series; 

        (22) any
provisions for subordination of any Securities of the series to other indebtedness of the Company (including Securities of other series); and 

        (23) any
other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by  Section 901(5)). 

17

 

        All
Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to the Board Resolution referred to
above and (subject to Section 303) set forth, or determined in the manner provided, in the Officers' Certificate referred to above or in any such
indenture supplemental hereto. All Securities of any one series need not be issued at the same time and, unless otherwise provided pursuant to this  Section 301 for any series, after issuance of
Securities of such series, such series may be reopened for issuances of additional Securities of
that series. 

        The
terms of any Security of a series may differ from the terms of other Securities of the same series, if and to the extent provided pursuant to this  Section 301. The matters referenced in any or all
of Clauses (1) through (23) above may be established and set forth or determined
as aforesaid with respect to all or any specific Securities of a series (in each case to the extent permitted by the Trust Indenture Act). 

        If
any of the terms of the series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an
Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers' Certificate setting forth the terms of the series. 

        Section 302.    Denominations.    The Securities of each series shall be issuable only in registered form
without coupons and only in such denominations as shall be specified as contemplated by Section 301. In the absence of any such specified
denomination with respect to the Securities of any series, the Securities of such series shall be issuable in denominations of $1,000 and any integral multiple thereof. 

        Section 303.    Execution, Authentication, Delivery and Dating.    The Securities shall be executed on behalf
of the Company by its Chairman of the Board, President or a Vice President of the Company (or any other officer of the Company designated in writing by or pursuant to authority of the Board of
Directors and delivered to the Trustee from time to time. The signature of any of these officers on the Securities may be manual or facsimile. 

        Securities
bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall 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. 

        At
any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for
authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such
Securities. If the form or terms of the Securities of the series have been established by or pursuant to one or more Board Resolutions as permitted by  Sections 201 and 301, in authenticating such Securities, and accepting the additional
responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 601)
shall be fully protected in relying upon, an Opinion of Counsel stating, 

        (1)   if
the form of such Securities has been established by or pursuant to Board Resolution as permitted by  Section 201, that such form has been established in conformity with the provisions of this
Indenture; 

        (2)   if
the terms of such Securities have been established by or pursuant to Board Resolution as permitted by  Section 301, that such terms have been established in conformity with the provisions of this
Indenture; and 

18

 

        (3)   that
such Securities, when 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 legally binding obligations of the Company enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting creditors' rights and to general equity principles and subject to any limitation with respect to payments in currency
other than U.S. dollars. 

If
such form or terms have been so established, the Trustee shall not be required to authenticate such 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. 

        Notwithstanding
the provisions of Section 301 and of the preceding paragraph, if all Securities of a series are not to be
originally issued at one time, it shall not be necessary to deliver the Officers' Certificate otherwise required pursuant to Section 301 or the
Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the authentication of each Security of such series if such documents are delivered at or
prior to the authentication upon original issuance of the first Security of such series to be issued. 

        Each
Security shall be dated the date of its authentication. 

        No
Security 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 herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such
Security has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the
Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 309, for all purposes of this
Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 

        Section 304.    Temporary Securities.    Pending the preparation of definitive Securities of any series, the
Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities 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 and with such appropriate insertions, omissions, substitutions and other variations as
the officers executing such Securities may determine, as evidenced by their execution of such Securities. 

        If
temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of
definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series
at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the
Company shall execute and the Trustee shall authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of like tenor and
aggregate principal amount. 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 and tenor. 

        Section 305.    Registration, Registration of Transfer and Exchange.    The Company shall cause to be kept at
each office or agency of the Company designated as a Place of Payment pursuant to the first paragraph of Section 1002 a register (the register
maintained in each such office or agency of the 

19

 

Company
in a Place of Payment being herein sometimes collectively referred to as the "Security Register") in which, subject to such reasonable
regulations as it may prescribe, the Company shall provide for the registration of Securities and of transfers of Securities. The Trustee is hereby appointed "Security Registrar" for the purpose of
registering Securities and transfers of Securities as herein provided. 

        Upon
surrender for registration of transfer of any Security of a series at the office or agency of the Company in a Place of Payment for that 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 Securities of the same series, of any authorized denominations and of like tenor and
aggregate principal amount. 

        At
the option of the Holder, Securities of any series may be exchanged for other Securities of the same series, of any authorized denominations and of like tenor and aggregate principal
amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall
authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 

        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 entitled to the same
benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 

        Every
Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security Registrar 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, 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, 906 or 1107 not involving any
transfer. 

        If
the Securities of any series (or of any series and specified tenor) are to be redeemed in whole or in part, the Company shall not be required (A) to issue, register the
transfer of or exchange any Securities of that series (or of that series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days before the day of
selection of any such Securities for redemption under Section 1103 and ending at the close of business on the day of such selection (or during
such period as otherwise specified pursuant to Section 301 for such Securities), or (B) to register the transfer of or exchange any
Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 

        The
provisions of Clauses (1), (2), (3) and (4) below shall apply only to Global Securities: 

        (1)   Each
Global Security authenticated under this Indenture shall be registered in the name of the Depositary designated for such Global Security or a nominee thereof and
delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security for all purposes of this Indenture. 

        (2)   Notwithstanding
any other provision in this Indenture, and subject to such applicable provisions, if any, as may be specified as contemplated by  Section 301, no Global Security may be exchanged in whole or in part
for Securities registered, and no transfer of a Global Security in whole or
in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee thereof unless (A) such Depositary has notified the Company that it
(i) is unwilling or unable to continue as Depositary for such Global Security or (ii) has ceased to be a clearing agency registered under the Exchange Act, or (B) the Company has
executed and 

20

 

delivered
to the Trustee a Company Order stating that such Global Security shall be exchanged in whole for Securities that are not Global Securities (in which case such exchange shall promptly be
effected by the Trustee). If the Company receives a notice of the kind specified in Clause (A) above or has delivered a Company Order of the kind specified in Clause (B) above, it may,
in its sole discretion, designate a successor Depositary for such Global Security within 90 days after receiving such notice or delivery of such order, as the case may be. If the Company
designates a successor Depositary as aforesaid, such Global Security shall promptly be exchanged in whole for one or more other Global Securities registered in the name of the successor Depositary,
whereupon such designated successor shall be the Depositary for such successor Global Security or Global Securities and the provisions of Clauses (1), (2), (3) and (4) of this
provision shall continue to apply thereto. 

        (3)   Subject
to Clause (2) above and to such applicable provisions, if any, as may be specified as contemplated by  Section 301, any exchange of a Global Security for other Securities may be made in whole
or in part, and all Securities issued in exchange for a
Global Security or any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct. 

        (4)   Every
Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security or any portion thereof, whether pursuant
to this Section, Section 304, 306, 906 or  1107 or
otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Security is registered in the name
of a Person other than the Depositary for such Global Security or a nominee thereof. 

        Every
Person who takes or holds any beneficial interest in a Global Security agrees that: 

        (1)   the
Company and the Trustee may deal with the Depositary as sole owner of the Global Security and as the authorized representative of such Person; 

        (2)   such
Person's rights in the Global Security shall be exercised only through the Depositary and shall be limited to those established by law and agreement between such
Person and the Depositary and/or direct and indirect participants of the Depositary; 

        (3)   the
Depositary and its participants make book-entry transfers of beneficial ownership among, and receive and transmit distributions of principal and interest
on the Global Securities to, such Persons in accordance with the Applicable Procedures of the Depositary; and 

        (4)   none
of the Company, the Trustee nor any agent of the Company or the Trustee 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. 

        Section 306.    Mutilated, Destroyed, Lost and Wrongfully Taken Securities.    If (a) any mutilated
Security is surrendered to the Trustee or (b) both (i) there shall be delivered to the Company and the Trustee (A) a claim by a Holder as to the destruction, loss or wrongful
taking of any Security of such Holder and a request thereby for a new replacement Security of the same series, and (B) such indemnity bond as may be required by them to save each of them and
any agent of either of them harmless and (ii) such other reasonable requirements as may be imposed by the Company as permitted by Section 8-405 of the Uniform Commercial Code
have been satisfied, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a "protected purchaser" within the meaning of Section 8-405
of the Uniform Commercial Code, the Company shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such mutilated, destroyed, lost or wrongfully taken Security,
a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously Outstanding. 

21

 

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

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

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

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

        Section 307.    Payment of Interest; Interest Rights Preserved.    Except as otherwise provided as contemplated
by Section 301 with respect to any Securities of a series, interest on any Security which is payable, and is punctually paid or duly provided
for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest (or, if no business is conducted by the Trustee at its Corporate Trust Office on such date, at 5:00 P.M. New York City time on such date). 

        Any
interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called
"Defaulted Interest") shall forthwith cease to be payable to the Holder 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: 

        (1)   The
Company may elect to make payment of any Defaulted Interest payable on any Securities of a series to the Persons in whose names such Securities (or their respective
Predecessor Securities) are 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 each of such Securities 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 prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons 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 given to each Holder of such Securities in the manner set forth in Section 106, not less than 10 days prior to such Special
Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names
such Securities (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following
Clause (2). 

22

 

        (2)   The
Company may make payment of any Defaulted Interest on any Securities of a series in any other lawful manner not inconsistent with the requirements of any securities
exchange on which such Securities 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 manner of payment shall be deemed practicable by the Trustee. 

        Except
as may otherwise be provided in this Section 307 or as contemplated in  Section 301 with respect to any Securities of a series, the Person to whom
interest shall be payable on any Security that first becomes payable
on a day that is not an Interest Payment Date shall be the Holder of such Security on the day such interest is paid. 

        Subject
to the foregoing provisions of this Section, 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. 

        In
the case of any Security which is converted after any Regular Record Date and on or prior to the next succeeding Interest Payment Date (other than any Security whose Maturity is prior
to such Interest Payment Date), interest whose Stated Maturity is on such Interest Payment Date shall be payable on such Interest Payment Date notwithstanding such conversion, and such interest
(whether or not punctually paid or duly provided for) shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on such
Regular Record Date. Except as otherwise expressly provided in the immediately preceding sentence, in the case of any Security which is converted, interest whose Stated Maturity is after the date of
conversion of such Security shall not be payable. 

        Notwithstanding
the foregoing, the terms of any Security that may be converted may provide that the provisions of this paragraph do not apply, or apply with such additions, changes or
omissions as may be provided thereby, to such Security. 

        Section 308.    Persons Deemed Owners.    Prior to due presentment of a 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 Security is registered as the owner of such Security for the purpose of receiving payment
of principal of and any premium and (subject to Section 307) any interest on such Security and for all other purposes whatsoever, whether or not
such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

        Section 309.    Cancellation.    All Securities surrendered for payment, redemption, registration of transfer
or 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 shall be promptly canceled by it.
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
may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all
Securities so delivered shall be promptly canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, except as
expressly permitted by this Indenture. All canceled Securities held by the Trustee shall be disposed of as directed by a Company Order; provided,  however,
that the Trustee shall not be required to destroy such canceled Securities. 

        Section 310.    Computation of Interest.    Except as otherwise specified as contemplated by  Section 301 for Securities of any series, interest on the
Securities of each series shall be computed on the basis of a 360-day year
of twelve 30-day months. 

23

 

        Section 311.    CUSIP Numbers.    The Company in issuing the Securities may use CUSIP numbers (if then
generally in use) and, if so, the Trustee shall use CUSIP numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Securities or as contained in any notice of redemption and that reliance may be placed only on the other identification numbers printed on the
Securities. Any such redemption shall not be affected by any defect in or omission of such CUSIP numbers. 

 
 

  ARTICLE IV
  SATISFACTION AND DISCHARGE    
    

        Section 401.    Satisfaction and Discharge of
Indenture.    This Indenture shall upon Company Request cease to be of further effect with respect to the Securities of any series (except as to any surviving rights
of conversion, registration of transfer or exchange of any such Security expressly provided for herein or in the terms of such Security), and the Trustee, at the expense of the Company, shall execute
proper instruments acknowledging satisfaction and discharge of this Indenture with respect to such Securities, when 

        (1)   either

        (A)  all
such Securities theretofore authenticated and delivered (other than (i) Securities which have been destroyed, lost or wrongfully taken and which have been
replaced or paid as provided in Section 306 and (ii) Securities 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 1003) have
been delivered to the Trustee for cancellation; or 

        (B)  all
such Securities 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 

        (iii)  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 an amount sufficient
to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and any premium and interest to the date of such deposit (in
the case of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, 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 such Securities; 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 with respect to such Securities have been complied with. 

        Notwithstanding
the satisfaction and discharge of this Indenture with respect to Securities of any series, the obligations of the Company to the Trustee under  Section 607, the obligations of the Trustee to any
Authenticating Agent under Section 614,
and, if money shall have been deposited with the Trustee pursuant to subclause (B) of Clause (1) of this Section with respect to such Securities, the obligations of the Company under  Section 1002 and the obligations of the Trustee under Section 402, 

24

 

 Section 606 and the last paragraph of Section 1003 with respect to such Securities shall survive such satisfaction
and discharge. 

        Section 402.    Application of Trust Money.    Subject to the provisions of the last paragraph of  Section 1003, all money deposited with the Trustee pursuant
to Section 401 with respect to
Securities of any series shall be held in trust and applied by it, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money has
been deposited with the Trustee. All moneys deposited with the Trustee pursuant to Section 401 (and held by it or any Paying Agent) for the
payment of Securities subsequently converted shall be returned to the Company upon Company Request, to the extent originally deposited by the Company. The Company may direct by a Company Order the
investment of any money deposited with the Trustee pursuant to Section 401, without distinction between principal and income, in
(1) United States Treasury Securities with a maturity of one year or less or (2) a money market fund that invests solely in short term United States Treasury Securities and from time to
time the Company may direct the reinvestment of all or a portion of such money in other securities or funds meeting the criteria specified in Clause (1) or (2) of this sentence. 

 
 

  ARTICLE V
  REMEDIES    
    

        Section 501.    Events of Default. 

        Except
as may otherwise be provided pursuant to Section 301 for all or any specific Securities of any series,
"Event of Default," wherever used herein with respect to the Securities of that 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): 

        (1)   default
in the payment of any interest upon any Security of that series when it becomes due and payable, and continuance of such default for a period of 30 days;
or 

        (2)   default
in the payment of the principal of or any premium on any Security of that series at its Maturity; or 

        (3)   default
in the deposit of any sinking fund payment, when and as due by the terms of a Security of that series and continuance of such default for a period of
60 days; or 

        (4)   default
in the performance, or breach, of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty a default in whose performance or
whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit of series of Securities other than that series), and
continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the
Holders of at least 25% in principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such
notice is a "Notice of Default" hereunder; or 

        (5)   the
entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company in an involuntary case or proceeding under
any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving as properly
filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver,
liquidator, assignee, 

25

 

trustee,
sequestrator or other similar official of the Company or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such
decree or order for relief or any such other decree or order unstayed and in effect for a period of 90 consecutive days (provided that, if any Person becomes the successor to the Company pursuant to  Article VIII and such Person is organized and validly existing under the law of a jurisdiction outside the United States, each reference in this
Clause (5) to an applicable Federal or State law of a particular kind shall be deemed to refer to such law or any applicable comparable law of such non-U.S.
jurisdiction, for as long as such Person is the successor to the Company hereunder and is so organized and existing); or 

        (6)   the
commencement by the Company of a voluntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or of
any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding
under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by
it of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking
possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its property, or the making by it of an
assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company in
furtherance of any such action (provided that, if any Person becomes the successor to the Company pursuant to Article VIII and such Person is
organized and validly existing under the law of a jurisdiction outside the United States, each reference in this Clause (6) to an applicable Federal or State law of a particular kind shall be
deemed to refer to such law or any applicable comparable law of such non-U.S. jurisdiction, for as long as such Person is the successor to the Company hereunder and is so organized and
existing); or 

        (7)   any
other Event of Default provided with respect to Securities of that series in accordance with Section 301. 

        Section 502.    Acceleration of Maturity; Rescission and Annulment.    Except as may otherwise be provided
pursuant to Section 301 for all or any specific Securities of any series, if an Event of Default (other than an Event of Default specified in  Section 501(5)
 or 501(6)) with respect to Securities of that series at the time Outstanding
occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal amount of
all the Securities of that series (or, in the case of any Security of that series which specifies an amount to be due and payable thereon upon acceleration of the Maturity thereof, such amount as may
be specified by the terms thereof) to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal
amount (or specified amount) shall become immediately due and payable. Except as may otherwise be provided pursuant to Section 301 for all or any
specific Securities of any series, if an Event of Default specified in Section 501(5) or  Section 501(6) with respect to Securities of that series
at the time Outstanding occurs, the principal amount of all the Securities of that
series (or, in the case of any Security of that series which specifies an amount to be due and payable thereon upon acceleration of the Maturity thereof, such amount as may be specified by the terms
thereof) shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and payable. 

        Except
as may otherwise be provided pursuant to Section 301 for all or any specific Securities of any series, at any time after
such a declaration of acceleration with respect to Securities of that series has been made and before a judgment or decree for payment of the money due has been obtained by 

26

 

the
Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of that series, by written notice to the Company and the Trustee, may
rescind and annul such declaration and its consequences if 

        (1)   the
Company has paid or deposited with the Trustee a sum sufficient to pay 

        (A)  all
overdue interest on all Securities of that series, 

        (B)  the
principal of (and premium, if any, on) any Securities of that series which have become due otherwise than by such declaration of acceleration and any interest
thereon at the rate or rates prescribed therefor in such Securities, 

        (C)  to
the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor in such Securities, and 

        (D)  all
sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; and 

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

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

        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 any Security when such interest becomes due and payable and such default continues for a period of 60 days, or 

        (2)   default
is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof, 

the
Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal and any premium and
interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and premium and on any overdue interest, at the rate or rates prescribed
therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel. 

        If
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 by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement
of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

        Section 504.    Trustee May File Proofs of Claim.    In case of any judicial proceeding relative to the Company
(or any other obligor upon the Securities), its property or its creditors, the Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions
authorized under the Trust Indenture Act in order to have claims of the Holders and the Trustee allowed in any such proceeding. The Trustee shall be authorized to collect and receive any moneys or
other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such
judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the 

27

 

event
that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607. 

        No
provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement,
adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding;  provided,
however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in
bankruptcy or similar official and be a member of a creditors' or other similar committee. 

        Section 505.    Trustee May Enforce Claims Without Possession of Securities.    All rights of action and claims
under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and
any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been
recovered. 

        Section 506.    Application of Money Collected.    Any money collected by the Trustee pursuant to this Article
shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation
of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

        FIRST:
To the payment of all amounts due the Trustee under Section 607; 

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

        THIRD:
To the payment of the remainder, if any, to the Company or to whomsoever may be lawfully entitled to receive the same as a court of competent jurisdiction may direct. 

        Section 507.    Limitation on Suits.    No Holder of any Security of any series shall have any right to
institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

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

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

        (3)   such
Holder or Holders have offered to the Trustee indemnity reasonably satisfactory to it against the costs, expenses and liabilities to 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 that series; 

28

 

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

        Section 508.    Unconditional Right of Holders to Receive Principal, Premium and Interest and to
Convert.    Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive
payment of the principal of and any premium and (subject to Section 307) interest on such Security on the respective Stated Maturities expressed
in such Security (or, in the case of redemption, on the Redemption Date), and, if the terms of such Security so provide, to convert such Security in accordance with its terms, and to institute suit
for the enforcement of any such payment and, if applicable, any such right to convert, and such rights shall not be impaired without the consent of such Holder. 

        Section 509.    Restoration of Rights and Remedies.    If the Trustee or any Holder has instituted any
proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder,
then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder
and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

        Section 510.    Rights and Remedies Cumulative.    Except as otherwise provided with respect to the replacement
or payment of mutilated, destroyed, lost or wrongfully taken Securities in the last
paragraph of Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of
any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing
at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or
remedy. 

        Section 511.    Delay or Omission Not Waiver.    No delay or omission of the Trustee or of any Holder of any
Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein.
Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders,
as the case may be. 

        Section 512.    Control by Holders.    The Holders of a majority in principal amount of the Outstanding
Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on
the Trustee, with respect to the Securities of such series, provided that 

        (1)   such
direction shall not be in conflict with any rule of law or with this Indenture; 

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

        (3)   subject
to the provisions of Section 601, the Trustee shall have the right to decline to follow any such direction
if the Trustee in good faith shall determine that the proceeding so directed would involve the Trustee in personal liability. 

29

 

        Section 513.    Waiver of Past Defaults.    Except as may otherwise be provided pursuant to  Section 301 for all or any specific Securities of any series, the Holders of not less than a majority in principal amount (including waivers
obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such
series waive any past default hereunder with respect to such series and its consequences, except a default 

        (1)   in
the payment of the principal of or any premium or interest on any Security of such series, or 

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

        Upon
any such waiver with respect to any series, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, with respect to such
series for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. A waiver of any past default and its consequences
given by or on behalf of any Holder of Securities in connection with a purchase of, or tender or exchange offer for, such Holder's Securities will not be rendered invalid by such purchase, tender or
exchange. 

        Section 514.    Undertaking for Costs.    In any suit for the enforcement of any right or remedy under this
Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of
such suit, and may assess costs, including reasonable attorneys' fees and expenses, against any such party litigant, in the manner and to the extent provided in the Trust Indenture Act; provided that
neither this Section nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Company or the
Trustee or, if applicable, in any suit for the enforcement of the right to convert any Security in accordance with its terms. 

        Section 515.    Waiver of Usury, Stay or Extension Laws.    The Company covenants (to the extent that it may
lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at
any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby 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, but will suffer and permit the execution of every such power
as though no such law had been enacted. 

 
 

  ARTICLE VI
  THE TRUSTEE    
    

        Section 601.    Certain Duties and
Responsibilities.    (a) Except during the continuance of an Event of Default, 

        (1)   the
Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and as are provided by the Trust Indenture Act, and,
except for implied covenants or obligations under the Trust Indenture Act, no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

        (2)   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 

30

 

be
furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture. 

        (b)
In case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care
and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs. 

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

        (1)   this
Subsection shall not be construed to limit the effect of the first paragraph of this Section; 

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

        (3)   the
Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority
in principal amount of the Outstanding Securities of any series, determined as provided in Section 512, relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such series; and 

        (4)   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. 

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

        Section 602.    Notice of Defaults.    If a default occurs hereunder with respect to Securities of any series,
the Trustee shall give the Holders of Securities of such series notice of such default as and to the extent provided by the Trust Indenture Act;  provided, however, that in the case of any default of the character specified in  Section 501(4) with respect to Securities of such series, no such notice to Holders shall be given until at least 60 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. 

        Section 603.    Certain Rights of Trustee.    Subject to the provisions of  Section 601: 

        (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, other evidence of indebtedness or other paper or document 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 Company Order, and any resolution of the Board of
Directors shall 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 

31

 

Trustee
(unless other evidence be herein specifically prescribed) shall be entitled to receive and may, in the absence of bad faith on its part, conclusively rely upon an Officers' Certificate; 

        (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 this Indenture at the request or direction of any of the Holders
pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the costs, 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, note, other evidence of indebtedness 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 the books, records and premises of the
Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 

        (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 and shall not be responsible for the supervision of officers and
employees of such agents or attorneys; 

        (8)   the
Trustee may request that the Company deliver an Officers' Certificate setting forth the names of individuals and/or titles of officers authorized at such time to
take specified actions pursuant to this Indenture, which Officers' Certificate may be signed by any person authorized to sign an Officers'
Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded; 

        (9)   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; 

        (10) 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; and 

        (11) the
rights, privileges, protections, immunities and benefits given to the Trustee, including its rights to be indemnified, are extended to, and shall be enforceable by,
the Trustee in each of its capacities hereunder. 

        Section 604.    Not Responsible for Recitals or Issuance of Securities.    The recitals contained herein and in
the Securities, except the Trustee's certificates of authentication, shall be taken as the statements of the Company, and the Trustee does not assume any responsibility for their correctness. The
Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be accountable for the use or application by the Company of Securities
or the proceeds thereof. 

        Section 605.    May Hold Securities.    The Trustee, any Authenticating Agent, any Paying Agent, any Security
Registrar or any other agent of the Company, in its individual or any other capacity, may 

32

 

become
the owner or pledgee of Securities and, subject to Sections 608 and 613, 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 agent. 

        Section 606.    Money Held in Trust.    Money held by the Trustee in trust hereunder need not be segregated
from other funds except to the extent required by law. 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 607.    Compensation and Reimbursement. 

The
Company agrees 

        (1)   to
pay to the Trustee from time to time such compensation as the Company and Trustee shall agree in writing for all services rendered by it 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 its negligence, bad faith or willful misconduct; and 

        (3)   to
indemnify each of the Trustee or any predecessor Trustee and its officers, directors, agents and employees for, and to hold it harmless against, any and all losses,
liabilities, damages, claims or expenses including taxes (other than taxes based upon, measured by or determined by the earnings or income of the Trustee) incurred without negligence, bad faith or
willful misconduct on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against any
claim (whether asserted by the Company, a Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder. 

        As
security for the performance of the obligations of the Company under this Section the Trustee shall have a lien prior to the Securities upon all property and funds held or collected
by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any) or interest on Securities. 

        Without
limiting any rights available to the Trustee under applicable law, when the Trustee incurs expenses or renders services in connection with an Event of Default specified in  Section 501(5) or
Section 501(6), the expenses (including the reasonable charges and
expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable Federal or State bankruptcy, insolvency or other similar law. 

        The
provisions of this Section shall survive the termination of this Indenture. 

        Section 608.    Conflicting Interests.    If the Trustee has or shall acquire a conflicting interest within the
meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the
extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed
to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series. 

        Section 609.    Corporate Trustee Required; Eligibility.    There shall at all times be one (and only one)
Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to
the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and 

33

 

has
its Corporate Trust Office in the continental United States of America. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its
supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be
its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series 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. 

        Section 610.    Resignation and Removal; Appointment of Successor.    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 in accordance with the applicable requirements of  Section 611. 

        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 611 shall not have been delivered to the Trustee within 60 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 the Securities of such
series. 

        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 to the Company. If the instrument of acceptance by a successor Trustee required by Section 611 shall not have been
delivered to the Trustee within 30 days after the giving of a notice of removal pursuant to this paragraph, 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 the Securities of such series. 

        If
at any time: 

        (1)   the
Trustee shall fail to comply with Section 608 after written request therefor by the Company or by any Holder
who has been a bona fide Holder of a Security for at least six months, or 

        (2)   the
Trustee shall cease to be eligible under Section 609 and shall fail to resign after written request therefor
by the Company or by any such Holder, or 

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

then,
in any such case, (A) the Company by a Board Resolution may remove the Trustee with respect to all Securities, or (B) subject to  Section 514, any Holder who has been a bona fide Holder of
a Security for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 

        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 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 

34

 

applicable
requirements of Section 611. If an instrument of acceptance by a successor Trustee 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 the Securities of such series. 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 611, 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 and accepted appointment in the manner
required by Section 611, any Holder 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. 

        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 to all Holders of Securities of such series in the manner provided in Section 106. 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 611.    Acceptance of Appointment by Successor.    In case of the appointment hereunder of a successor
Trustee with respect to all Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and to 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 of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and
deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all
property and money held by such retiring Trustee hereunder. 

        In
case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor
Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which
(1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all
Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of
that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture
as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent
provided therein and each such successor Trustee, without any further act, deed or conveyance, shall 

35

 

become
vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates;
but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee
hereunder with
respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 

        Upon
request of any such 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 the first or second preceding paragraph, as the case may be. 

        No
successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article. 

        Section 612.    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 the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise 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 successor by merger, conversion or consolidation 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. 

        Section 613.    Preferential Collection of Claims Against Company.    If and when the Trustee shall be or
become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the
Company (or any such other obligor). 

        Section 614.    Appointment of Authenticating Agent.    The Trustee may appoint an Authenticating Agent or
Agents with respect to any series of Securities which shall be authorized to act on behalf of the Trustee to authenticate the Securities of such Series issued upon original issue and upon exchange,
registration of transfer, partial conversion or partial redemption or pursuant to Section 306, and Securities of such series 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 of such series 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 so appointed with respect to such series and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent so appointed with
respect to such series. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of
America, any State thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to
supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually pursuant to law or to the requirements of said supervising or
examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its
most
recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent 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 

36

 

which
such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating
Agent, 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, the Company, the
Authenticating Agent or such successor corporation. 

        An
Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to 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 to 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 with respect to any series of Securities
which shall be acceptable to the Company and shall give notice of such appointment to all Holders of Securities of such series in the manner provided in  Section 106. Any successor Authenticating
Agent upon acceptance of its appointment hereunder shall become vested with all 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. 

        The
Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section, and the Trustee shall be entitled to be reimbursed
by the Company for such payments, subject to the provisions of Section 607. 

        If
an appointment is made pursuant to this Section with respect to Securities of any series, the Securities of such series may have endorsed thereon, in addition to the Trustee's
certificate of authentication, an alternate certificate of authentication in the following form: 

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

				
	 	DEUTSCHE BANK TRUST COMPANY AMERICAS, AS TRUSTEE
	
 	
 By:	
 	
  

  As Authenticating Agent
	
 	
 By:	
 	
 

  Authorized Signatory

 
 

  ARTICLE VII
  HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY    
    

        Section 701.    Company to Furnish Trustee Names and Addresses of
Holders.    The Company will furnish or cause to be furnished to the Trustee 

        (1)   semi-annually,
not later than May 15 and November 15 in each year, a list, in such form as the Trustee may reasonably require, of the names and
addresses of the Holders of Securities of each series as of the immediately preceding May 1 or November 1 as the case may be, and 

        (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; 

excluding
from any such list names and addresses received by the Trustee in its capacity as Security Registrar. 

37

 

 

        Section 702.    Preservation of Information; Communications to Holders.    The Trustee shall preserve, in as
current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided in  Section 701 and the names and addresses of
Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any
list furnished to it as provided in Section 701 upon receipt of a new list so furnished. 

        The
rights of Holders to communicate with other Holders with respect to their rights under this Indenture or under the Securities, and the corresponding rights and privileges of the
Trustee, shall be as provided by the Trust Indenture Act. 

        Every
Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any agent of either of them shall be
held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 

        Section 703.    Reports by Trustee.    The Trustee shall transmit to Holders such reports concerning the
Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. 

        Reports
so required to be transmitted at stated intervals of not more than 12 months shall be transmitted no later than April 1 and shall be dated as of January 31
in each calendar year, commencing in 2010. 

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

        Section 704.    Reports by Company.    The Company shall file with the Trustee and the Commission, and transmit
to Holders, such information, documents and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act, if any, at the times and in the manner provided pursuant
to such Act; provided that any such information, documents or reports required to be filed with the Commission pursuant to Section 13 or 15(d) of the Exchange Act need not be filed with the
Trustee until the 15th day after the same are actually filed with the Commission. 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 VIII
  CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE    
    

        Section 801.    Company May Consolidate, Etc., Only on Certain
Terms.    The Company shall not consolidate with or merge into any other Person or sell, convey, transfer or lease all or substantially all its properties and assets
to any Person, and the Company shall not permit any Person to consolidate with or merge into the Company, unless: 

        (1)   in
case the Company shall consolidate with or merge into another Person or sell, convey, transfer or lease all or substantially all its properties and assets to any
Person, the Person formed by such consolidation or into which the Company is merged or the Person which acquires by sale, conveyance or transfer, or which leases, all or substantially all the
properties and assets of the Company shall be a corporation, partnership or trust, shall be organized and validly existing under the laws of the United States, any state thereof or the District of
Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, the due and punctual payment of the
principal of and any 

38

 

premium
and interest on all the Securities and the performance or observance of every covenant of this Indenture on the part of the Company to be performed or observed and, for each Security that by
its terms provides for conversion, shall have provided for the right to convert such Security in accordance with its terms; 

        (2)   immediately
after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Company or any Subsidiary as a result of such
transaction as having been incurred by
the Company or such Subsidiary at the time of 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 happened
and be continuing; and 

        (3)   the
Company has delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, each stating that such consolidation, merger, sale, conveyance, transfer or
lease 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 Substituted.    Upon any consolidation of the Company with, or merger of the Company
into, any other Person or any sale, conveyance, transfer or lease of all or substantially all the properties and assets of the Company in accordance with  Section 801, the successor Person formed by
such consolidation or into which the Company is merged or to which such sale, conveyance, transfer or
lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as
the Company herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities. 

 
 

  ARTICLE IX
  SUPPLEMENTAL INDENTURES    
    

        Section 901.    Supplemental Indentures Without Consent of
Holders.    Except as may otherwise be provided pursuant to Section 301 for all or any specific Securities of
any series, without the consent of any Holders, the Company, when authorized by 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 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 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 Securities of any series (and if such covenants are to be for the benefit of less
than all Securities of such series, stating that such covenants are expressly being included solely for the benefit of such Securities within such series) or to surrender any right or power herein
conferred upon the Company with regard to all or any Securities of any series (and if any such surrender is to be made with regard to less than all Securities of such series, stating that such
surrender is expressly being made solely with regard to such Securities within such series); or 

        (3)   to
add any additional Events of Default for the benefit of the Holders of all or any Securities of any series (and if such additional Events of Default are to be for the
benefit of less than all Securities of such series, stating that such additional Events of Default are expressly being included solely for the benefit of such Securities within such series); or 

        (4)   to
add to or change any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the issuance of Securities in bearer form,
registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate the issuance of Securities in uncertificated form; or 

39

 

        (5)   to
add to, change or eliminate any of the provisions of this Indenture in respect of all or any Securities of any series (and if such addition, change or elimination is
to apply with respect to less than all Securities of such series, stating that it is expressly being made to apply solely with respect to such Securities within such series), provided that any such
addition, change or elimination (A) shall neither (i) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of
such provision nor (ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no such Security Outstanding;
or 

        (6)   to
secure the Securities; or 

        (7)   to
establish the form or terms of all or any Securities of any series as permitted by Sections 201 and  301; or 

        (8)   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 611; or 

        (9)   to
add to or change any of the provisions of this Indenture with respect to any Securities that by their terms may be converted into securities or other property other
than Securities of the same series and of like tenor, in order to permit or facilitate the issuance, payment or conversion of such Securities; or 

        (10) to
cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein, or to make any other
provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant to this Clause (10) shall not adversely affect the interests of the Holders of
Securities of any series in any material respect. 

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

        Section 902.    Supplemental Indentures With Consent of Holders.    Except as may otherwise be provided
pursuant to Section 301 for all or any specific Securities of any series, with the consent of the Holders of a majority in principal amount
(including consents obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of the Outstanding Securities of all series affected by such supplemental indenture
(considered together as one class for this purpose and such affected Securities potentially being Securities of the same or different series and, with respect to any series, potentially comprising
fewer than all the Securities of such series), by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by 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 modifying in any manner
the rights of the Holders of Securities of such series under this Indenture; provided, however, that no
such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby (including consents obtained in connection with a purchase of, or tender offer or
exchange offer for, Securities), 

        (1)   change
the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security, or reduce the principal amount thereof or the rate of
interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of an 

40

 

Original
Issue Discount Security or any other Security which would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to  Section 502, or permit the Company to redeem any
Security if, absent such supplemental indenture, the Company would not be permitted to do so, or
change any Place of Payment where, or the coin or currency in which, any Security or any premium or interest thereon 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 

        (2)   if
any Security provides that the Holder may require the Company to repurchase or convert such Security, impair such Holder's right to require repurchase or conversion
of such Security on the terms provided therein, or 

        (3)   reduce
the percentage in principal amount of the Outstanding Securities of any one or more series (considered separately or together as one class, as applicable, and
whether comprising the same or different series or less than all the Securities of a 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 this Indenture, 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; provided, however, that
this clause shall not be deemed to require the consent of any Holder with respect to changes in the references to "the Trustee" and concomitant changes
in this Section and Section 1006, or the deletion of this proviso, in accordance with the requirements of  Sections 611 and 901(8). 

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

        It
shall not be necessary for any Act of Holders 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. A consent to any indenture supplemental hereto by or on behalf of any Holder of Securities given in connection with a purchase of, or tender or exchange offer for, such
Holder's Securities will not be rendered invalid by such purchase, tender or exchange. 

        Section 903.    Execution of Supplemental Indentures.    In executing, or accepting the additional trusts
created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to  Section 601) shall be fully protected in relying upon, an Opinion of Counsel and Officers' Certificate stating that the execution of such
supplemental indenture is authorized or permitted by this Indenture. 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. 

        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 Securities
theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

        Section 905.    Conformity with Trust Indenture Act.    Every supplemental indenture executed pursuant to this
Article shall conform to the requirements of the Trust Indenture Act. 

41

 

        Section 906.    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. 

 
 

  ARTICLE X
  COVENANTS    
    

        Section 1001.    Payment of Principal, Premium and
Interest.    The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and
interest on the Securities of that series in accordance with the terms of the Securities and this Indenture. 

        Section 1002.    Maintenance of Office or Agency.    The Company will maintain in each Place of Payment for any
series of Securities an office or agency where Securities of that series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or
exchange, where Securities may be surrendered for conversion and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. 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,
and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 

        The
Company may also from time to time designate one or more 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 obligation to maintain an office or agency in each Place
of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any
such other office or agency. 

        With
respect to any Global Security, and except as otherwise may be specified for such Global Security as contemplated by  Section 301, the Corporate Trust Office of the Trustee shall be the Place of
Payment where such Global Security may be presented or surrendered
for payment or for registration of transfer or exchange, or where successor Securities may be delivered in exchange therefor, provided,  however, that any
such payment, presentation, surrender or delivery effected pursuant to the Applicable Procedures of the Depositary for such Global
Security shall be deemed to have been effected at the Place of Payment for such Global Security in accordance with the provisions of this Indenture. 

        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 will, on or before each due date of the principal of or any premium or interest on any of the Securities of that series, segregate and
hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium and interest so becoming due until such sums shall be paid to such Persons or
otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 

42

 

 

        Whenever the Company shall have one or more Paying Agents for any series of Securities, it will, on or prior to 11:00 A.M., New York City time, on each due date of the principal
of or any premium or interest on any Securities of that series, deposit (or, if the Company has deposited any trust funds with a trustee pursuant to  Section 1304(1), cause such trustee to deposit)
with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the
Trust Indenture Act, 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 will 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 will (1) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and
(2) during the continuance of any default by the Company (or any other obligor upon the Securities of that series) in the making of any payment in respect of the Securities of that series, upon
the written request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities of that series. 

        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 trusts 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 money. 

        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 or any premium or interest on any Security of any
series and remaining unclaimed for two years after such principal, premium or interest has 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 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, at the expense of the Company, cause to be
published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in The City of New York, 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, any unclaimed balance of such money then remaining will be repaid to
the Company. 

        Section 1004.    Corporate Existence.    Subject to  Article VIII, the Company will do or cause to be done all things necessary to preserve and keep in full
force and effect its corporate existence. 

        Section 1005.    Statement by Officers as to Default.    The Company will deliver to the Trustee, within
120 days after the end of each fiscal year of the Company ending after the date hereof, an Officers' Certificate, stating whether or not to the best knowledge of the signers thereof the Company
is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder)
and, if the Company shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge. 

        Section 1006.    Waiver of Certain Covenants.    Except as otherwise provided pursuant to  Section 301 for all or any Securities of any series, the Company may,
with respect to all or any Securities of any series, omit in any particular
instance to comply with any term, provision or condition set forth in Section 1004 or in any covenant provided pursuant to  Section 301(18),
901(2), 901(6) or  901(7) for the benefit of the Holders of such series or in Article VIII if, before the time for
such compliance, the 

43

 

Holders
of a majority in principal amount (including waivers obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of all Outstanding Securities affected by
such waiver (considered together as one class for this purpose and such affected Securities potentially being Securities of the same or different series and, with respect to any particular series,
potentially comprising fewer than all the Securities of such series) shall, by Act of such Holders, either waive such compliance in such instance or generally waive 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. A waiver of compliance given by or on behalf of any
Holder of Securities in connection with a purchase of, or tender or exchange offer for, such Holder's Securities will not be rendered invalid by such purchase, tender or exchange. 

 
 

  ARTICLE XI
  REDEMPTION OF SECURITIES    
    

        Section 1101.    Applicability of Article.    Securities of
any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by  Section 301 for such
Securities) in accordance with this Article. 

        Section 1102.    Election to Redeem; Notice to Trustee.    The election of the Company to redeem any Securities
shall be established in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities. In
case of any redemption at the election of the Company of less than all the Securities of any series (including any such redemption affecting only a single Security), the Company shall, at least 5
Business 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, of the principal amount of
Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities (1) prior to the expiration of any
restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, or (2) pursuant to an election of the Company that is subject to a condition specified in
the terms of the Securities of the series to be redeemed, the Company shall furnish the Trustee with an Officers' Certificate evidencing compliance with such restriction or condition. 

        Section 1103.    Selection by Trustee of Securities to Be Redeemed.    If less than all the Securities of any
series are to be redeemed (unless all the Securities of such series and of a specified tenor are to be redeemed or unless such redemption affects only a single Security), the particular Securities to
be redeemed shall be selected not more than 40 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series 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 a portion of the principal amount of any Security of such series, provided that the
unredeemed portion of the principal amount of any Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security. If less than all
the Securities of such series and of a specified tenor are to be redeemed (unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more
than 40 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series and specified tenor not previously called for redemption in accordance with the
preceding sentence. 

        If
any Security selected for partial redemption is converted in part before termination of the conversion right with respect to the portion of the Security so selected, the converted
portion of such Security shall be deemed (so far as it may be) to be the portion selected for redemption. Securities which have been converted during a selection of Securities to be redeemed shall be
treated by the Trustee as Outstanding for the purpose of such selection. 

44

 

        The
Trustee shall promptly notify the Company and each Security Registrar in writing of the Securities selected for redemption as aforesaid and, in case of any Securities selected for
partial redemption as aforesaid, the principal amount thereof to be redeemed. 

        The
provisions of the two preceding paragraphs shall not apply with respect to any redemption affecting only a single Security, whether such Security is to be redeemed in whole or in
part. In the case of any such redemption in part, the unredeemed portion of the principal amount of the Security shall be in an authorized denomination (which shall not be less than the minimum
authorized denomination) for such Security. 

        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 amount of such Securities which has been or is to be redeemed. 

        Section 1104.    Notice of Redemption.    Notice of redemption shall be given in the manner provided in  Section 106 not less than 30 days nor more than
60 days prior to the Redemption Date (or within such period as otherwise specified
as contemplated by Section 301 for the relevant Securities), to each Holder of Securities to be redeemed, at his address appearing in the
Security Register. 

        All
notices of redemption shall identify the Securities to be redeemed (including CUSIP numbers, if any) and shall state: 

        (1)   the
Redemption Date, 

        (2)   the
Redemption Price, 

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

        (4)   that
on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease
to accrue on and after said date, 

        (5)   the
place or places where each such Security is to be surrendered for payment of the Redemption Price, 

        (6)   for
any Securities that by their terms may be converted, the terms of conversion, the date on which the right to convert the Security to be redeemed will terminate and
the place or places where such Securities may be surrendered for conversion, and 

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

        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, by the Trustee in the name and at the expense
of the Company. 

        Section 1105.    Deposit of Redemption Price.    Prior to 11:00 A.M., New York City time, on any
Redemption Date, the Company shall deposit 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 sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date)
accrued interest on, all the Securities which are to be redeemed on that date, other than any Securities called for redemption on that date which have been converted prior to the date of such deposit. 

45

 

        If
any Security called for redemption is converted, any money deposited with the Trustee or with any Paying Agent or so segregated and held in trust for the redemption of such Security
shall (subject to any right of the Holder of such Security or any Predecessor Security to receive interest as provided in the last paragraph of  Section 307 or in the terms of such Security) be paid
to the Company upon Company Request or, if then held by the Company, shall be discharged
from such trust. 

        Section 1106.    Securities Payable on Redemption Date.    Notice of redemption having been given as aforesaid,
the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the
payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security
shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided,  however, that, unless otherwise
specified as contemplated by Section 301, installments of
interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of
business on the relevant Record Dates according to their terms and the provisions of Section 307. 

        If
any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date
at the rate prescribed therefor in the Security. 

        Section 1107.    Securities Redeemed in Part.    Any Security which is to be redeemed only in part shall be
surrendered at a Place of Payment therefor (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 Security or Securities of the same series and of like tenor, 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. 

 
 

  ARTICLE XII
  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 any series except as otherwise specified as contemplated by  Section 301 for such Securities. 

        The
minimum amount of any sinking fund payment provided for by the terms of any Securities 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 such Securities is herein referred to as an "optional sinking
fund payment." If provided for by the terms of any Securities, 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 as provided for by the terms of such Securities. 

        Section 1202.    Satisfaction of Sinking Fund Payments with Securities.    The Company (1) may deliver
Outstanding Securities of a series (other than any previously called for redemption) and (2) may apply as a credit Securities of a series which have been converted in accordance with their
terms or which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the
terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to any Securities of such series required to be made pursuant to the terms of such
Securities as and to the extent provided for by the terms of such Securities; provided that the Securities to be so credited have not been previously so credited. The Securities to be so credited
shall be received and credited for such purpose by the Trustee at the Redemption Price, as specified in the Securities so to 

46

 

be
redeemed (or at such other prices as may be specified for such Securities as contemplated in Section 301), for redemption through operation of
the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 

        Section 1203.    Redemption of Securities for Sinking Fund.    Not less than 45 days (or such shorter
period as shall be satisfactory to the Trustee) prior to each sinking fund payment date for any Securities, the Company will deliver to the Trustee an Officers' Certificate specifying the amount of
the next ensuing sinking fund payment for such Securities pursuant to the terms of such Securities, 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 Securities pursuant to Section 1202 and will also deliver to the Trustee any Securities
to be so delivered. Not less than 30 days prior to 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 Sections 1106 and 1107. 

 
 

  ARTICLE XIII
  DEFEASANCE AND COVENANT DEFEASANCE    
    

        Section 1301.    Company's Option to Effect Defeasance or Covenant
Defeasance.    Unless otherwise designated pursuant to Section 301(15), the Securities of any series of
Securities shall be subject to defeasance or covenant defeasance pursuant to such Section 1302 or  1303, in accordance with any applicable requirements
provided pursuant to Section 301 and upon
compliance with the conditions set forth below in this Article. The Company may elect, at its option, at any time, to have Section 1302 or  Section 1303 applied to any Securities or any series of Securities so subject to defeasance or covenant defeasance. Any such election shall be
evidenced by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities. 

        Section 1302.    Defeasance and Discharge.    Upon the Company's exercise of its option (if any) to have this
Section applied to any Securities or any series of Securities, as the case may be, the Company shall be deemed to have been discharged from its obligations with respect to such Securities as provided
in this Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter called
"Defeasance"). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented
by such Securities and to have satisfied all its other obligations under such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company,
shall execute proper instruments acknowledging the same), subject to the following which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of such
Securities to receive, solely from the trust fund described in Section 1304(1) and as more fully set forth in such Section, payments in respect
of the principal of and any premium and interest on such Securities when payments are due, (2) the Company's obligations with respect to such Securities under  Sections 304, 305, 306,  1002 and 1003, (3) the rights, powers, trusts, duties and
immunities of the Trustee hereunder and
(4) this Article. Subject to compliance with this Article, the Company may exercise its option (if any) to have this Section applied to any Securities notwithstanding the prior exercise of its
option (if any) to have Section 1303 applied to such Securities. 

        Section 1303.    Covenant Defeasance.    Upon the Company's exercise of its option (if any) to have this
Section applied to any Securities or any series of Securities, as the case may be, (1) the Company shall be released from its obligations under  Section 1004 and any covenants provided pursuant
to Section 301(18),  901(2), 901(6) or 901(7) for the
benefit of the Holders
of such Securities, and (2) the occurrence of any event specified in Sections 501(4) (with respect to  Section 1004 and any such covenants
provided pursuant to Section 301(18),  901(2), 901(6) or 901(7)) and  501(7) shall be deemed 

47

 

not
to be or result in an Event of Default, in each case with respect to such Securities as provided in this Section on and after the date the conditions set forth in  Section 1304 are satisfied
(hereinafter called "Covenant Defeasance"). For this purpose, such
Covenant Defeasance means that, with respect to such Securities, 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
specified Section (to the extent so specified in the case of Section 501(4)), whether directly or indirectly by reason of any reference elsewhere
herein to any such Section or by reason of any reference in any such Section to any other provision herein or in any other document, but the remainder of this Indenture and such Securities shall be
unaffected thereby. 

        Section 1304.    Conditions to Defeasance or Covenant Defeasance.    The following shall be the conditions to
the application of Section 1302 or Section 1303 to any Securities or any series of
Securities, as the case may be: 

        (1)   The
Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee which satisfies the requirements contemplated by  Section 609 and agrees to comply with the
provisions of this Article 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 benefits of the Holders of such Securities, (A) money in an amount, or (B) U.S. Government
Obligations 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, money in an amount, or (C) such other obligations or arrangements as may be specified as contemplated by  Section 301 with
respect to such Securities, or (D) a combination thereof, in each case sufficient, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such
other qualifying trustee) to pay and discharge, the principal of and any premium and interest on such Securities on the respective Stated Maturities, in accordance with the terms of this Indenture and
such Securities. As used herein, "U.S. Government Obligation" means (x) any security which is (i) a direct obligation of the United States
of America for the payment of which the full faith and credit of the United States of America is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or
instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case
(i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a) (2) of the
Securities Act) as custodian with respect to any U.S. Government Obligation which is specified in Clause (x) above and held by such bank for the account of the holder of such depositary
receipt, or with respect to any specific payment of principal of or interest on any U.S. Government Obligation which is so specified and held, 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 depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the
specific payment of principal or interest evidenced by such depositary receipt. 

        (2)   In
the event of an election to have Section 1302 apply to any Securities or any series of Securities, as the case
may be, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been published by, the Internal Revenue Service a
ruling or (B) since the date of this instrument, there has been a change in the applicable Federal income tax law, in either case (A) or (B) to the effect that, and based thereon
such opinion shall confirm that, the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with
respect to such Securities and will be subject to Federal income tax on the same 

48

 

amount,
in the same manner and at the same times as would be the case if such deposit, Defeasance and discharge were not to occur. 

        (3)   In
the event of an election to have Section 1303 apply to any Securities or any series of Securities, as the case
may be, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a
result of the deposit and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as
would be the case if such deposit and Covenant Defeasance were not to occur. 

        (4)   The
Company shall have delivered to the Trustee an Officers' Certificate to the effect that neither such Securities nor any other Securities of the same series, if then
listed on any securities exchange, will be delisted as a result of such deposit. 

        (5)   No
event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such Securities or any other Securities (other than such an
event or Event of Default solely with respect to such Securities resulting from the borrowing of funds to be applied to such deposit) shall have occurred and be continuing at the time of such deposit. 

        (6)   Such
Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any other agreement or instrument to which the
Company is a party or by which it is bound. 

        (7)   The
Company shall have delivered to the Trustee an Officers' Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders
of such Securities over the other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding creditors of the Company. 

        (8)   The
Company shall have delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, each stating that all conditions precedent with respect to such
Defeasance or Covenant Defeasance have been complied with. 

        Section 1305.    Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous
Provisions.    Subject to the provisions of the last paragraph of Section 1003, all money and U.S. Government
Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and  Section 1306, the Trustee and any such other trustee are
referred to collectively as the
"Trustee") pursuant to Section 1304 in respect of any Securities shall be held in trust and
applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any such Paying Agent (including the Company acting as its
own Paying Agent) as the Trustee may determine, to the Holders of such Securities, of all sums due and to become due thereon in respect of principal and any premium and interest, but money and U.S.
Government Obligations so held in trust need not be segregated from other funds except to the extent required by law. 

        The
Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to  Section 1304 or the principal
and 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 Outstanding Securities. 

        Anything
in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or U.S. Government Obligations
held by it as provided in Section 1304 with respect to any Securities which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered 

49

 

to
the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with respect to such Securities. 

        Section 1306.    Reinstatement.    If the Trustee or the Paying Agent is unable to apply any money in
accordance with this Article with respect to any Securities by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application,
then the obligations under this Indenture and such Securities from which the Company has been discharged or released pursuant to Section 1302 or  1303
shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the
Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 1305 with respect to such Securities in accordance with
this Article; provided, however, that if the Company makes any payment of principal of or any premium or
interest on any such Security following such reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Securities to receive such payment from the
money so held in trust. 

  

        This
instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one
and the same instrument. 

50

 

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

				
	 	BILL BARRETT CORPORATION
	
 	
 By:	
 	
  

 
	
 	
DEUTSCHE BANK TRUST COMPANY AMERICAS
	
 	
 By:	
 	
  

 
	
 	
 By:	
 	
  

 

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QuickLinks

Exhibit 4.9

BILL BARRETT CORPORATION

Table of Contents

RECITALS OF THE COMPANY

NOW, THEREFORE, THIS INDENTURE WITNESSETH

ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

ARTICLE II SECURITY FORMS

ARTICLE III THE SECURITIES

ARTICLE IV SATISFACTION AND DISCHARGE

ARTICLE V REMEDIES

ARTICLE VI THE TRUSTEE

ARTICLE VII HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY

ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

ARTICLE IX SUPPLEMENTAL INDENTURES

ARTICLE X COVENANTS

ARTICLE XI REDEMPTION OF SECURITIES

ARTICLE XII SINKING FUNDS

ARTICLE XIII DEFEASANCE AND COVENANT DEFEASANCE

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