Document:

exv10w3

 

Exhibit 10.3

IDLEAIRE TECHNOLOGIES CORPORATION,

THE GUARANTORS named herein,

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

and

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Collateral Agent

 

INDENTURE

Dated as of December 30, 2005

 

13% Senior Secured Discount Notes due 2012

 

 

CROSS-REFERENCE TABLE

	 	 	 	 	 
	TIA Section	 	Indenture Section	 
	310(a)(1)
	 	 	7.11	 
	(a)(2)
	 	 	7.11	 
	(a)(3)
	 	 	N.A.	 
	(a)(4)
	 	 	N.A.	 
	(b)
	 	 	7.09; 7.11; 12.02	 
	(b)(1)
	 	 	7.11	 
	(c)
	 	 	N.A.	 
	311(a)
	 	 	7.12	 
	(b)
	 	 	7.12	 
	(c)
	 	 	N.A.	 
	312(a)
	 	 	2.06	 
	(b)
	 	 	12.03	 
	(c)
	 	 	12.03	 
	313(a)
	 	 	7.08	 
	(b)(1)
	 	 	N.A.	 
	(b)(2)
	 	 	7.07	 
	(c)
	 	 	7.07; 12.02	 
	(d)
	 	 	7.07	 
	314(a)
	 	 	4.02; 4.04; 12.02	 
	(b)
	 	 	N.A.	 
	(c)(1)
	 	 	12.04	 
	(c)(2)
	 	 	12.04	 
	(c)(3)
	 	 	N.A.	 
	(d)
	 	 	N.A.	 
	(e)
	 	 	12.05	 
	(f)
	 	 	N.A.	 
	315(a)
	 	 	7.01	(b)
	(b)
	 	 	7.06; 12.02	 
	(c)
	 	 	7.01	(a)
	(d)
	 	 	7.01	(c)
	(e)
	 	 	6.12	 
	316(a) (last sentence)
	 	 	2.10	 
	(a)(1)(A)
	 	 	6.05	 
	(a)(1)(B)
	 	 	6.04	 
	(a)(2)
	 	 	N.A.	 
	(b)
	 	 	6.08	 
	(c)
	 	 	8.04	 
	317(a)(1)
	 	 	6.09	 
	(a)(2)
	 	 	6.10	 
	(b)
	 	 	2.05; 7.13	 
	318(a)
	 	 	12.01	 

 

			
	N.A. means “Not Applicable.”

Note: This Cross-Reference Table shall not, for any purpose, be deemed to be a part of the
Indenture.

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE ONE DEFINITIONS AND INCORPORATION BY REFERENCE
	 	 	2	 
	 
	 	 	 	 
	SECTION 1.01. Definitions
	 	 	2	 
	SECTION 1.02. Other Definitions
	 	 	33	 
	SECTION 1.03. Incorporation by Reference of Trust Indenture Act
	 	 	34	 
	SECTION 1.04. Rules of Construction
	 	 	34	 
	 
	 	 	 	 
	ARTICLE TWO THE DISCOUNT NOTES
	 	 	35	 
	 
	 	 	 	 
	SECTION 2.01. Amount of Discount Notes
	 	 	35	 
	SECTION 2.02. Form and Dating
	 	 	35	 
	SECTION 2.03. Execution and Authentication
	 	 	35	 
	SECTION 2.04. Registrar and Paying Agent
	 	 	36	 
	SECTION 2.05. Paying Agent To Hold Money in Trust
	 	 	37	 
	SECTION 2.06. Holder Lists
	 	 	37	 
	SECTION 2.07. Transfer and Exchange
	 	 	37	 
	SECTION 2.08. Replacement Discount Notes
	 	 	51	 
	SECTION 2.09. Outstanding Discount Notes
	 	 	52	 
	SECTION 2.10. Treasury Discount Notes
	 	 	52	 
	SECTION 2.11. Temporary Discount Notes
	 	 	52	 
	SECTION 2.12. Cancellation
	 	 	53	 
	SECTION 2.13. Defaulted Interest
	 	 	53	 
	SECTION 2.14. CUSIP Number
	 	 	53	 
	SECTION 2.15. Deposit of Moneys
	 	 	53	 
	SECTION 2.16. Book-Entry Provisions for Global Discount Notes
	 	 	54	 
	SECTION 2.17. Computation of Interest
	 	 	55	 
	SECTION 2.18. Restricted Units
	 	 	55	 
	 
	 	 	 	 
	ARTICLE THREE REDEMPTION
	 	 	55	 
	 
	 	 	 	 
	SECTION 3.01. Election To Redeem; Notices to Trustee
	 	 	55	 
	SECTION 3.02. Selection by Trustee of Discount Notes To Be Redeemed
	 	 	56	 
	SECTION 3.03. Notice of Redemption
	 	 	56	 
	SECTION 3.04. Effect of Notice of Redemption
	 	 	57	 
	SECTION 3.05. Deposit of Redemption Price
	 	 	57	 
	SECTION 3.06. Discount Notes Redeemed in Part
	 	 	58	 
	 
	 	 	 	 
	ARTICLE FOUR COVENANTS
	 	 	58	 
	 
	 	 	 	 
	SECTION 4.01. Payment of Discount Notes
	 	 	58	 
	SECTION 4.02. Reports to Holders
	 	 	58	 
	SECTION 4.03. Waiver of Stay, Extension or Usury Laws
	 	 	59	 
	SECTION 4.04. Compliance Certificate
	 	 	59	 
	SECTION 4.05. Taxes
	 	 	60	 

 i

 

 

	 	 	 	 	 
	 	 	Page	 
	SECTION 4.06. Limitations on Additional Indebtedness
	 	 	60	 
	SECTION 4.07. Limitations on Layering Indebtedness
	 	 	62	 
	SECTION 4.08. Limitations on Restricted Payments
	 	 	62	 
	SECTION 4.09. Limitations on Asset Sales
	 	 	64	 
	SECTION 4.10. Limitations on Transactions with Affiliates
	 	 	66	 
	SECTION 4.11. Limitations on Liens
	 	 	67	 
	SECTION 4.12. Conduct of Business
	 	 	67	 
	SECTION 4.13. Additional Discount Note Guarantees
	 	 	67	 
	SECTION 4.14. Limitations on Dividend and Other Restrictions Affecting
Restricted Subsidiaries
	 	 	67	 
	SECTION 4.15. Limitations on Designation of Unrestricted Subsidiaries
	 	 	69	 
	SECTION 4.16. Limitations on the Issuance or Sale of Equity Interests of
Restricted Subsidiaries
	 	 	70	 
	SECTION 4.17. Change of Control Offers
	 	 	70	 
	SECTION 4.18. Minimum Consolidated Cash Flow; Registration Defaults
	 	 	70	 
	SECTION 4.19. Additional Interest
	 	 	70	 
	SECTION 4.20. Calculation of Original Issue Discount
	 	 	70	 
	 
	 	 	 	 
	ARTICLE FIVE SUCCESSOR CORPORATION
	 	 	73	 
	 
	 	 	 	 
	SECTION
5.01. Limitations on Mergers, Consolidations, Etc.
	 	 	73	 
	SECTION 5.02. Successor Person Substituted
	 	 	74	 
	 
	 	 	 	 
	ARTICLE SIX DEFAULTS AND REMEDIES
	 	 	75	 
	 
	 	 	 	 
	SECTION 6.01. Events of Default
	 	 	75	 
	SECTION 6.02. Acceleration
	 	 	77	 
	SECTION 6.03. Other Remedies
	 	 	77	 
	SECTION 6.04. Waiver of Past Defaults and Events of Default
	 	 	78	 
	SECTION 6.05. Control by Majority
	 	 	78	 
	SECTION 6.06. Limitation on Suits
	 	 	78	 
	SECTION 6.07. No Personal Liability of Directors, Officers and Employees
	 	 	78	 
	SECTION 6.08. Rights of Holders To Receive Payment
	 	 	79	 
	SECTION 6.09. Collection Suit by Trustee
	 	 	79	 
	SECTION 6.10. Trustee May File Proofs of Claim
	 	 	79	 
	SECTION 6.11. Priorities
	 	 	80	 
	SECTION 6.12. Undertaking for Costs
	 	 	80	 
	SECTION 6.13. Restoration of Rights and Remedies
	 	 	80	 
	 
	 	 	 	 
	ARTICLE SEVEN TRUSTEE
	 	 	81	 
	 
	 	 	 	 
	SECTION 7.01. Duties of Trustee
	 	 	81	 
	SECTION 7.02. Rights of Trustee
	 	 	82	 
	SECTION 7.03. Individual Rights of Trustee
	 	 	83	 

 ii

 

 

	 	 	 	 	 
	 	 	Page	 
	SECTION 7.04. Recording and Opinions
	 	 	83	 
	SECTION 7.05. Trustee’s Disclaimer
	 	 	83	 
	SECTION 7.06. Notice of Defaults
	 	 	83	 
	SECTION 7.07. Reports by Trustee to Holders
	 	 	83	 
	SECTION 7.08. Compensation and Indemnity
	 	 	84	 
	SECTION 7.09. Replacement of Trustee
	 	 	85	 
	SECTION
7.10. Successor Trustee by Consolidation, Merger, etc.
	 	 	86	 
	SECTION 7.11. Eligibility; Disqualification
	 	 	86	 
	SECTION 7.12. Preferential Collection of Claims Against Issuer
	 	 	86	 
	SECTION 7.13. Paying Agents
	 	 	86	 
	 
	 	 	 	 
	ARTICLE EIGHT AMENDMENTS, SUPPLEMENTS AND WAIVERS
	 	 	87	 
	 
	 	 	 	 
	SECTION 8.01. Without Consent of Holders
	 	 	87	 
	SECTION 8.02. With Consent of Holders
	 	 	87	 
	SECTION 8.03. Compliance with Trust Indenture Act
	 	 	89	 
	SECTION 8.04. Revocation and Effect of Consents
	 	 	89	 
	SECTION 8.05. Notation on or Exchange of Discount Notes
	 	 	90	 
	SECTION
8.06. Trustee To Sign Amendments, etc.
	 	 	90	 
	 
	 	 	 	 
	ARTICLE NINE DISCHARGE OF INDENTURE; DEFEASANCE
	 	 	90	 
	 
	 	 	 	 
	SECTION 9.01. Discharge of Indenture
	 	 	90	 
	SECTION 9.02. Legal Defeasance
	 	 	91	 
	SECTION 9.03. Covenant Defeasance
	 	 	92	 
	SECTION 9.04. Conditions to Defeasance or Covenant Defeasance
	 	 	92	 
	SECTION 9.05. Deposited Money and U.S. Government Obligations to Be Held in
Trust; Other Miscellaneous Provisions
	 	 	94	 
	SECTION 9.06. Reinstatement
	 	 	94	 
	SECTION 9.07. Moneys Held by Paying Agent
	 	 	94	 
	SECTION 9.08. Moneys Held by Trustee
	 	 	95	 
	 
	 	 	 	 
	ARTICLE TEN GUARANTEE OF DISCOUNT NOTES
	 	 	95	 
	 
	 	 	 	 
	SECTION 10.01. Terms of Discount Note Guarantees
	 	 	95	 
	SECTION 10.02. Execution and Delivery of Supplemental Indenture
	 	 	96	 
	SECTION 10.03. Limitation of Discount Note Guarantee
	 	 	97	 
	SECTION 10.04. Release of Guarantor
	 	 	97	 
	SECTION 10.05. Waiver of Subrogation
	 	 	97	 
	 
	 	 	 	 
	ARTICLE ELEVEN SECURITY
	 	 	98	 
	 
	 	 	 	 
	SECTION 11.01. The Collateral
	 	 	98	 
	SECTION 11.02. Further Assurances; Insurance
	 	 	99	 
	SECTION 11.03. Agreements Requiring Application of Proceeds of Collateral
	 	 	99	 
	SECTION 11.04. Release of Liens on the Collateral
	 	 	100	 

 iii

 

 

	 	 	 	 	 
	 	 	Page	 
	SECTION 11.05. Authorization of Actions to be Taken by the Trustee or the
Collateral Agent Under the Collateral
	 	 	 	 
	Agreements
	 	 	100	 
	SECTION 11.06. Relative Rights
	 	 	101	 
	 
	 	 	 	 
	ARTICLE TWELVE MISCELLANEOUS
	 	 	101	 
	 
	 	 	 	 
	SECTION 12.01. Trust Indenture Act Controls
	 	 	101	 
	SECTION 12.02. Notices
	 	 	102	 
	SECTION 12.03. Communications by Holders with Other Holders
	 	 	103	 
	SECTION 12.04. Certificate and Opinion as to Conditions Precedent
	 	 	103	 
	SECTION 12.05. Statements Required in Certificate and Opinion
	 	 	103	 
	SECTION 12.06. Rules by Trustee and Agents
	 	 	104	 
	SECTION 12.07. Governing Law
	 	 	104	 
	SECTION 12.08. No Adverse Interpretation of Other Agreements
	 	 	104	 
	SECTION 12.09. Successors
	 	 	104	 
	SECTION 12.10. Multiple Counterparts
	 	 	104	 
	SECTION
12.11. Table of Contents, Headings, etc.
	 	 	104	 
	SECTION 12.12. Severability
	 	 	104	 
	 
	 	 	 	 
	EXHIBITS
	 	 	 	 
	 
	 	 	 	 
	Exhibit A            Form of Initial Discount Note
	 	 	A-1	 
	Exhibit B            Form of Exchange Discount Note
	 	 	B-1	 
	Exhibit C            Form of Certificate of Transfer
	 	 	C-1	 
	Exhibit D            Form of Certificate of Exchange
	 	 	D-1	 
	Exhibit E            Form of Notation of Guarantee
	 	 	E-1	 
	Exhibit F            Form of Intercreditor Agreement
	 	 	F-1	 
	Exhibit G            Form of Certificate from Acquiring Institutional Accredited Investor
	 	 	G-1	 

 iv

 

 

     THIS INDENTURE, dated as of December 30, 2005, is made by and among IDLEAIRE TECHNOLOGIES
CORPORATION, a Delaware corporation, as issuer (the “Issuer”), the Guarantors (as
hereinafter defined), WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee (the “Trustee”)
and WELLS FARGO BANK, NATIONAL ASSOCIATION, as collateral agent (the “Collateral Agent”).

     Each party hereto hereby agrees as follows for the benefit of the other parties and for the
equal and ratable benefit of the Holders:

ARTICLE ONE

DEFINITIONS AND INCORPORATION BY REFERENCE

SECTION 1.01. Definitions.

     “Accreted Value” means, with respect to any Discount Note, (i) as of any date prior to
June 15, 2008, the sum of (a) $733.72 (the “Initial Accreted Value”) and (b) the portion of
the original discount on such Discount Note (which for this purposes shall be deemed to be the
excess of the principal amount over the Initial Accreted Value) that has been amortized with
respect to such Discount Note through such date, such original discount to be amortized at the rate
of 13% per annum (such percentage being expressed as a percentage of the sum of the initial
offering price plus previously amortized original discount) using semi-annual compounding of such
rate on each June 15 and December 15 from the Issue Date through such date, and (ii) on and after
June 15, 2008, the principal amount of such Discount Note.

     “Acquired Indebtedness” means:

     (1) with respect to any Person that becomes a Restricted Subsidiary after the Issue
Date, Indebtedness of such Person and its subsidiaries existing at the time such Person
becomes a Restricted Subsidiary that was not incurred in connection with, or in
contemplation of, such Person becoming a Restricted Subsidiary, and

     (2) with respect to the Issuer or any Restricted Subsidiary, any Indebtedness of a
Person (other than the Issuer or a Restricted Subsidiary) existing at the time such Person
is merged with or into the Issuer or a Restricted Subsidiary, or Indebtedness expressly
assumed by the Issuer or any Restricted Subsidiary in connection with the acquisition of an
asset or assets from another Person, which Indebtedness was not, in any case, incurred by
such other Person in connection with, or in contemplation of, such merger or acquisition.

     “Additional Interest” has the meaning set forth in the Registration Rights Agreement.

     “Additional Warrants” has the meaning set forth in the Warrant Agreement.

     “Adjusted Net Assets” of a Guarantor at any date shall mean the lesser of the amount
by which (x) the fair value of the property of such Guarantor exceeds the total amount of
liabilities, including, without limitation, contingent liabilities (after giving effect to all
other fixed and contingent liabilities), but excluding liabilities under the Discount Note
Guarantee, of such

2

 

Guarantor at such date and (y) the present fair salable value of the assets of such Guarantor
at such date exceeds the amount that will be required to pay the probable liability of such
Guarantor on its debts and all other fixed and contingent liabilities (after giving effect to all
other fixed and contingent liabilities and after giving effect to any collection from any
Subsidiary of such Guarantor in respect of the obligations of such Guarantor under its Discount
Note Guarantee), excluding Indebtedness in respect of its Discount Note Guarantee, as they become
absolute and matured.

     “Affiliate” of any Person means any other Person that directly or indirectly controls
or is controlled by, or is under direct or indirect common control with, the referent Person.
Notwithstanding the foregoing, neither Jefferies & Company, Inc., nor any of its Affiliates, nor
any director, officer or employee of any of them, shall be considered Affiliates of the Company.

     “Agent” means any Registrar, Paying Agent or agent for service or notices and demands.

     “amend” means to amend, supplement, restate, amend and restate or otherwise modify;
and “amendment” shall have a correlative meaning.

     “Applicable Procedures” means, with respect to any transfer or exchange of or for
beneficial interests in any Global Discount Note, the rules and procedures of the Depository,
Euroclear or Clearstream that apply to such transfer or exchange.

     “asset” means any asset or property (tangible and intangible).

     “Asset Acquisition” means:

     (1) an Investment by the Issuer or any Restricted Subsidiary in any other Person if, as
a result of such Investment, such Person shall become a Restricted Subsidiary, or shall be
merged with or into the Issuer or any Restricted Subsidiary, or

     (2) the acquisition by the Issuer or any Restricted Subsidiary of all or substantially
all of the assets of any other Person or any division or line of business of any other
Person.

     “Asset Sale” means any transfer by the Issuer or any Restricted Subsidiary to any
Person other than the Issuer or any Restricted Subsidiary (including by means of a Sale and
Leaseback Transaction or a merger or consolidation), in one transaction or a series of related
transactions, of any assets of the Issuer or any of its Restricted Subsidiaries other than in the
ordinary course of business. For purposes of this definition, the term “Asset Sale” shall
not include:

     (1) transfers of cash or Cash Equivalents;

     (2) transfers of all or substantially all of the assets of the Issuer that are governed
by, and made in accordance with Section 5.01;

     (3) Permitted Investments and Restricted Payments permitted under Section 4.08;

3

 

     (4) the creation of any Permitted Lien;

     (5) transfers of damaged, worn-out or obsolete equipment or assets that, in the
Issuer’s reasonable judgment, are no longer used or useful in the business of the Issuer or
its Restricted Subsidiaries; and

     (6) any transfer or series of related transfers that, but for this clause, would be
Asset Sales, if after giving effect to such transfers, the aggregate Fair Market Value of
the assets transferred in such transaction or any such series of related transactions does
not exceed $1.0 million.

     “Attributable Indebtedness” means, when used with respect to any Sale and Leaseback
Transaction, as at the time of determination, the present value (discounted at a rate equivalent to
the Issuer’s then-current weighted average cost of funds for borrowed money as at the time of
determination, compounded on a semi-annual basis) of the total obligations of the lessee for rental
payments during the remaining term of the lease included in any such Sale and Leaseback
Transaction.

     “Bankruptcy Code” means title 11 of the United States Code (11 U.S.C. 101 et seq.), as
amended from time to time and any successor statute, or if the context so requires, any similar
federal or state law for the relief of debtors.

     “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5
under the Exchange Act, except that in calculating the beneficial ownership of any particular
“person” (as that the term is used in Section 13(d)(3) of the Exchange Act), such “person” will be
deemed to have beneficial ownership of all securities that such “person” has the right to acquire
by conversion or exercise of other securities, whether such right is currently exercisable or is
exercisable only upon the occurrence of a subsequent condition. The terms “Beneficially
Owns,” “Beneficially Owned” and “Beneficial Ownership” have meanings
correlative to the foregoing.

     “Board of Directors” means, with respect to any Person, (i) in the case of any
corporation, the board of directors of such Person or any committee thereof duly authorized to act
on behalf of such board, (ii) in the case of any limited liability company, the managing member or
members or the board of managers of such Person, (iii) in the case of any partnership, the board of
directors of the general partner of such Person and (iv) in any other case, the functional
equivalent of the foregoing.

     “Board Resolution” means a copy of a resolution certified pursuant to an Officers’
Certificate to have been duly adopted by the Board of Directors of the Issuer and to be in full
force and effect, and delivered to the Trustee.

     “Business Day” means a day other than a Saturday, Sunday or other day on which banking
institutions in New York are authorized or required by law to close.

     “Capitalized Lease” means a lease required to be capitalized for financial reporting
purposes in accordance with GAAP.

4

 

     “Capitalized Lease Obligations” of any Person means the obligations of such Person to
pay rent or other amounts under a Capitalized Lease, and the amount of such obligation shall be the
capitalized amount thereof determined in accordance with GAAP.

     “Cash Equivalents” means:

     (1) marketable obligations with a maturity of 360 days or less issued or directly and
fully guaranteed or insured by the United States of America or any agency or instrumentality
thereof (provided, that the full faith and credit of the United States of America is
pledged in support thereof);

     (2) demand and time deposits and certificates of deposit or acceptances with a maturity
of 180 days or less of any financial institution that is a member of the Federal Reserve
System having combined capital and surplus and undivided profits of not less than $500
million and is assigned at least a “B” rating by Thomson Financial BankWatch;

     (3) commercial paper maturing no more than 180 days from the date of creation thereof
issued by a corporation that is not the Issuer or an Affiliate of the Issuer, and is
organized under the laws of any State of the United States of America or the District of
Columbia and rated at least “A-1” by S&P or at least “P-1” by Moody’s;

     (4) repurchase obligations with a term of not more than ten days for underlying
securities of the types described in clause (1) above entered into with any
commercial bank meeting the specifications of clause (2) above; and

     (5) investments in money market or other mutual funds at least 95% of the assets of
which comprise securities of the types described in clauses (1) through (4)
above.

     “Change of Control” means the occurrence of any of the following events:

     (1) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Exchange Act) is or becomes the Beneficial Owner, directly or indirectly, of Voting Stock
representing more than 35% of the voting power of the total outstanding Voting Stock of the
Issuer;

     (2) during any period of two consecutive years, individuals who at the beginning of
such period constituted the Board of Directors (together with any new directors whose
election to such Board of Directors or whose nomination for election by the stockholders of
the Issuer was approved by a vote of the majority of the directors of the Issuer then still
in office who were either directors at the beginning of such period or whose election or
nomination for election was previously so approved) cease for any reason to constitute a
majority of the Board of Directors of the Issuer;

     (3) all or substantially all of the assets of the Issuer and the Restricted
Subsidiaries are transferred to any Person other than a Wholly Owned Subsidiary;

5

 

     (4) the Issuer consolidates or merges with or into another Person or any Person
consolidates or merges with or into the Issuer, in either case under this clause
(4), in one transaction or a series of related transactions in which immediately after
the consummation thereof Persons that Beneficially Own Voting Stock representing in the
aggregate a majority of the total voting power of the Voting Stock of the Issuer immediately
prior to such consummation do not Beneficially Own Voting Stock representing a majority of
the total voting power of the Voting Stock of the Issuer or the surviving or transferee
Person; or

     (5) the Issuer shall adopt a plan of liquidation or dissolution or any such plan shall
be approved by the stockholders of the Issuer.

     “Clearstream” means Clearstream Banking, société anonyme, or any successor securities
clearance agency.

     “Collateral” means all assets at any time owned or acquired by the Issuer or any of
the Guarantors, except:

     (1) Excluded Assets;

     (2) any assets in which the Collateral Agent is required to release its Discount Note
Liens pursuant to the provisions of the Intercreditor Agreement; and

     (3) any assets that no longer secure the Discount Notes or any Discount Note
Obligations pursuant to the provisions of Section 11.04.

     “Collateral Agent” means the Trustee, in its capacity as Collateral Agent under the
Collateral Agreements, together with its successors in such capacity.

     “Collateral Agreements” means the Intercreditor Agreement, the Disbursement Agreement
and all security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust,
collateral agency agreements, control agreements or other grants or transfers for security executed
and delivered by the Issuer or any Guarantor creating (or purporting to create) a Discount Note
Lien upon Collateral in favor of the Collateral Agent, in each case, as amended, modified, renewed,
restated or replaced, in whole or in part, from time to time, in accordance with its terms.

     “Common Stock” means shares now or hereafter authorized of any class of common shares
of the Company however designated, that has the right (subject to any prior rights of any class or
series of preferred stock) to participate in any distribution of the assets or earnings of the
Company without limit as to per share amount.

     “Consolidated Amortization Expense” for any period means the amortization expense of
the Issuer and the Restricted Subsidiaries for such period (excluding amortization of pre-paid cash
expenses that were paid in a prior period), determined on a consolidated basis in accordance with
GAAP.

6

 

     “Consolidated Cash Flow” for any period means, without duplication, the sum of the
amounts for such period of

     (1) Consolidated Net Income, plus

     (2) in each case only to the extent (and in the same proportion) deducted in
determining Consolidated Net Income and with respect to the portion of Consolidated Net
Income attributable to any Restricted Subsidiary only if a corresponding amount would be
permitted at the date of determination to be distributed to the Issuer by such Restricted
Subsidiary without prior approval (that has not been obtained), pursuant to the terms of its
charter and all agreements, instruments, judgments, decrees, orders, statutes, rules and
governmental regulations applicable to such Restricted Subsidiary or its stockholders,

     (a) Consolidated Income Tax Expense,

     (b) Consolidated Amortization Expense (but only to the extent not included in
Consolidated Interest Expense),

     (c) Consolidated Depreciation Expense,

     (d) Consolidated Interest Expense, and

     (e) all other non-cash items reducing the Consolidated Net Income (excluding
any non-cash charge that results in an accrual of a reserve for cash charges in any
future period) for such period,

     in each case determined on a consolidated basis in accordance with GAAP, minus

     (3) the aggregate amount of all non-cash items (other than accrual of revenue in the
ordinary course of business), determined on a consolidated basis, to the extent such items
increased Consolidated Net Income for such period.

     “Consolidated Depreciation Expense” for any period means the depreciation expense of
the Issuer and the Restricted Subsidiaries for such period, determined on a consolidated basis in
accordance with GAAP.

     “Consolidated Income Tax Expense” for any period means the provision for taxes of the
Issuer and the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP.

     “Consolidated Interest Coverage Ratio” means the ratio of Consolidated Cash Flow
during the most recent four consecutive full fiscal quarters for which financial statements are
available (the “Four-Quarter Period”) ending on or prior to the date of the transaction
giving rise to the need to calculate the Consolidated Interest Coverage Ratio (the “Transaction
Date”) to Consolidated Interest Expense for the Four-Quarter Period. For purposes of this
definition, Consolidated Cash Flow and Consolidated Interest Expense shall be calculated after
giving effect on a pro forma basis for the period of such calculation to:

7

 

     (1) the incurrence of any Indebtedness or the issuance of any Preferred Stock of the
Issuer or any Restricted Subsidiary (and the application of the proceeds thereof) and any
repayment of other Indebtedness or redemption of other Preferred Stock (and the application
of the proceeds therefrom) (other than the incurrence or repayment of Indebtedness in the
ordinary course of business for working capital purposes pursuant to any revolving credit
arrangement) occurring during the Four-Quarter Period or at any time subsequent to the last
day of the Four-Quarter Period and on or prior to the Transaction Date, as if such
incurrence, repayment, issuance or redemption, as the case may be (and the application of
the proceeds thereof), occurred on the first day of the Four-Quarter Period; and

     (2) any Asset Sale or Asset Acquisition (including, without limitation, any Asset
Acquisition giving rise to the need to make such calculation as a result of the Issuer or
any Restricted Subsidiary (including any Person who becomes a Restricted Subsidiary as a
result of such Asset Acquisition) incurring Acquired Indebtedness and also including any
Consolidated Cash Flow (including any pro forma expense and cost reductions
calculated on a basis consistent with Regulation S-X under the Exchange Act) associated with
any such Asset Acquisition) occurring during the Four-Quarter Period or at any time
subsequent to the last day of the Four-Quarter Period and on or prior to the Transaction
Date, as if such Asset Sale or Asset Acquisition (including the incurrence of, or assumption
or liability for, any such Indebtedness or Acquired Indebtedness) occurred on the first day
of the Four-Quarter Period.

     If the Issuer or any Restricted Subsidiary directly or indirectly guarantees Indebtedness of a
third Person, the preceding sentence shall give effect to the incurrence of such guaranteed
Indebtedness as if the Issuer or such Restricted Subsidiary had directly incurred or otherwise
assumed such guaranteed Indebtedness.

     For purposes of calculating the Consolidated Interest Coverage Ratio prior to the expiration
of the first Four-Quarter Period subsequent to the Issue Date, such calculation shall be on the
same pro forma basis as the pro forma financial statements that are
presented in the Memorandum.

     In calculating Consolidated Interest Expense for purposes of determining the denominator (but
not the numerator) of this Consolidated Interest Coverage Ratio:

     (1) interest on outstanding Indebtedness determined on a fluctuating basis as of the
Transaction Date and which will continue to be so determined thereafter shall be deemed to
have accrued at a fixed rate per annum equal to the rate of interest on this Indebtedness in
effect on the Transaction Date;

     (2) if interest on any Indebtedness actually incurred on the Transaction Date may
optionally be determined at an interest rate based upon a factor of a prime or similar rate,
a eurocurrency interbank offered rate, or other rates, then the interest rate in effect on
the Transaction Date will be deemed to have been in effect during the Four-Quarter Period;
and

8

 

     (3) notwithstanding clause (1) or (2) above, interest on Indebtedness
determined on a fluctuating basis, to the extent such interest is covered by agreements
relating to Hedging Obligations, shall be deemed to accrue at the rate per annum resulting
after giving effect to the operation of these agreements.

     “Consolidated Interest Expense” for any period means the sum, without duplication, of
(a) the total interest expense of the Issuer and the Restricted Subsidiaries for such period,
determined on a consolidated basis in accordance with GAAP and (b) to the extent not otherwise
included therein and without duplication,

     (1) imputed interest on Capitalized Lease Obligations and Attributable Indebtedness,

     (2) commissions, discounts and other fees and charges owed with respect to letters of
credit securing financial obligations, bankers’ acceptance financing and receivables
financings,

     (3) the net costs associated with Hedging Obligations,

     (4) amortization of debt issuance costs, debt discount or premium and other financing
fees and expenses,

     (5) the interest portion of any deferred payment obligations,

     (6) all other non-cash interest expense,

     (7) capitalized interest,

     (8) the product of (a) all dividend payments on any series of Disqualified Equity
Interests of the Issuer or any Preferred Stock of any Restricted Subsidiary (other than any
such Disqualified Equity Interests or any Preferred Stock held by the Issuer or a Wholly
Owned Subsidiary or to the extent paid in Qualified Equity Interests), multiplied by
(b) a fraction, the numerator of which is one and the denominator of which is one
minus the then current combined federal, state and local statutory tax rate of the
Issuer and the Restricted Subsidiaries, expressed as a decimal,

     (9) all interest payable with respect to discontinued operations, and

     (10) all interest on any Indebtedness described in clause (7) or (8) of
the definition of “Indebtedness.”

     Consolidated Interest Expense shall be calculated after giving effect to Hedging Obligations
(including associated costs) described in the definition of “Hedging Obligations,” but excluding
unrealized gains and losses with respect to Hedging Obligations. For purposes of calculating the
Consolidated Interest Coverage Ratio, “Consolidated Interest Expense” shall not include the types
of interest expense described in clauses (4), (6) and (7) above with
respect to Indebtedness outstanding on the Issue Date (other than original issue discount with
respect to the Discount Notes).

9

 

     “Consolidated Net Income” for any period means the net income (or loss) of the Issuer
and the Restricted Subsidiaries for such period determined on a consolidated basis in accordance
with GAAP; provided, that there shall be excluded from such net income (to the extent
otherwise included therein), without duplication:

     (1) the net income (or loss) of any Person (other than a Restricted Subsidiary) in
which any Person other than the Issuer and the Restricted Subsidiaries has an ownership
interest, except to the extent that cash in an amount equal to any such income has actually
been received by the Issuer or any of its Wholly Owned Subsidiaries during such period;

     (2) except to the extent includible in the consolidated net income pursuant to the
foregoing clause (1), the net income (or loss) of any Person that accrued prior to
the date that (a) such Person becomes a Restricted Subsidiary or is merged into or
consolidated with the Issuer or any Restricted Subsidiary or (b) the assets of such Person
are acquired by the Issuer or any Restricted Subsidiary;

     (3) the net income of any Restricted Subsidiary during such period to the extent that
the declaration or payment of dividends or similar distributions by such Restricted
Subsidiary of that income is not permitted by operation of the terms of its charter or any
agreement, instrument, judgment, decree, order, statute, rule or governmental regulation
applicable to that Subsidiary during such period, except that the Issuer’s equity in a net
loss of any such Restricted Subsidiary for such period shall be included in determining
Consolidated Net Income;

     (4) for the purposes of calculating the Restricted Payments Basket only, in the case of
a successor to the Issuer by consolidation, merger or transfer of its assets, any income (or
loss) of the successor prior to such merger, consolidation or transfer of assets;

     (5) (i) other than for purposes of calculating the Restricted Payments Basket, any gain
(or loss), together with any related provisions for taxes on any such gain (or the tax
effect of any such loss), realized during such period by the Issuer or any Restricted
Subsidiary upon (a) the acquisition of any securities, or the extinguishment of any
Indebtedness, of the Issuer or any Restricted Subsidiary or (b) any Asset Sale by the Issuer
or any Restricted Subsidiary, and (ii) for purposes of calculating the Restricted Payments
Basket, any gain (but not loss), together with any related provisions for taxes on any such
gain (but not the tax effect of any such loss), realized during such period by the Issuer or
any Restricted Subsidiary upon (a) the acquisition of any securities, or the extinguishment
of any Indebtedness, of the Issuer or any Restricted Subsidiary or (b) any Asset Sale by the
Issuer or any Restricted Subsidiary shall be excluded from such net income;

     (6) gains and losses due solely to fluctuations in currency values and the related tax
effects according to GAAP;

     (7) unrealized gains and losses with respect to Hedging Obligations; and

10

 

     (8) (i) other than for purposes of calculating the Restricted Payments Basket, any
extraordinary or nonrecurring gain (or extraordinary or nonrecurring loss), together with
any related provision for taxes on any such extraordinary or nonrecurring gain (or the tax
effect of any such extraordinary or nonrecurring loss), realized by the Issuer or any
Restricted Subsidiary during such period, and (ii) for purposes of calculating the
Restricted Payments Basket, any extraordinary or nonrecurring gain (but not any
extraordinary or nonrecurring loss), together with any related provision for taxes on any
such extraordinary or nonrecurring gain (but not the tax effect of any such extraordinary or
nonrecurring loss) shall be excluded from such net income.

In addition, any return of capital with respect to an Investment that increased the Restricted
Payments Basket pursuant to clause (3)(d) of Section 4.08(a) or decreased the
amount of Investments outstanding pursuant to clause (12) of the definition of “Permitted
Investments” shall be excluded from Consolidated Net Income for purposes of calculating the
Restricted Payments Basket.

     “Consolidated Net Worth” means, with respect to any Person as of any date, the
consolidated stockholders’ equity of such Person, determined on a consolidated basis in accordance
with GAAP, less (without duplication) (1) any amounts thereof attributable to Disqualified Equity
Interests of such Person or its subsidiaries or any amount attributable to Unrestricted
Subsidiaries and (2) all write-ups (other than write-ups resulting from foreign currency
translations and write-ups of tangible assets of a going concern business made within twelve months
after the acquisition of such business) subsequent to the Issue Date in the book value of any asset
owned by such Person or a subsidiary of such Person.

     “control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of a Person, whether through the ownership of
voting securities, by contract or otherwise; provided, that Beneficial Ownership of 10% or
more of the Voting Stock of any Person shall be deemed to be control of such Person. The terms
“controlling” and “controlled” have meanings correlative to the foregoing.

     “Credit Agreement” means a Credit Agreement, to be entered into by and among the
Issuer, as borrower, a bank or other financial institution, as administrative agent, and the other
lenders named therein, to provide the Issuer with a revolving credit facility of up to $25.0
million, including any notes, guarantees, collateral and security documents, instruments and
agreements executed in connection therewith (including Hedging Obligations related to the
Indebtedness incurred thereunder), and in each case as amended or refinanced from time to time.

     “Credit Agreement Collateral Agent” means, at any time, the Person serving at such
time as the “Collateral Agent” under the Credit Agreement or any other representative then most
recently designated in accordance with the applicable provisions of the Credit Agreement, together
with its successors in such capacity.

     “Credit Agreement Debt” means:

     (1) Indebtedness of the Issuer, the Guarantors and the guarantors under the Credit
Agreement that was permitted to be incurred and secured under each applicable

11

 

Secured Debt Document (or as to which the lenders under the Credit Agreement obtained
an Officers’ Certificate at the time of incurrence to the effect that such Indebtedness was
permitted to be incurred and secured by all applicable Secured Debt Documents); and

     (2) Hedging Obligations incurred to hedge or manage interest rate risk with respect to
Credit Agreement Debt; provided, that:

     (a) such Hedging Obligations are secured by a Credit Agreement Lien on all of
the assets that secure Indebtedness under the Credit Agreement; and

     (b) such Credit Agreement Lien is senior to or on a parity with the Credit
Agreement Liens securing Indebtedness under the Credit Agreement.

     “Credit Agreement Documents” means the Credit Agreement, the Credit Agreement Security
Documents, and all agreements governing or relating to any Credit Agreement Obligations.

     “Credit Agreement Lien” means a Lien granted by a Credit Agreement Security Document
to the Credit Agreement Collateral Agent (or any Senior Lender or other representative of the
Senior Lenders), at any time, upon any assets of the Issuer, any Guarantor or any guarantor under
the Credit Agreement to secure Credit Agreement Obligations.

     “Credit Agreement Obligations” means the Credit Agreement Debt and all other
Obligations in respect of Credit Agreement Debt.

     “Credit Agreement Security Documents” means the Intercreditor Agreement and all
security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust,
collateral agency agreements, control agreements or other grants or transfers for security executed
and delivered by the Issuer or any Guarantor creating (or purporting to create) a Credit Agreement
Lien upon collateral in favor of the Credit Agreement Collateral Agent, in each case, as amended,
modified, renewed, restated or replaced, in whole or in part, from time to time, in accordance with
its terms.

     “Credit Facilities” means one or more debt facilities (which may be outstanding at the
same time and including, without limitation, the Credit Agreement) providing for revolving credit
loans, term loans or letters of credit and, in each case, as such agreements may be amended,
amended and restated, supplemented, modified, refinanced, replaced or otherwise restructured, in
whole or in part from time to time (including increasing the amount of available borrowings
thereunder or adding Subsidiaries of the Issuer as additional borrowers or guarantors thereunder)
with respect to all or any portion of the Indebtedness under such agreement or agreements or any
successor or replacement agreement or agreements and whether by the same or any other agent, lender
or group of lenders.

     “Custodian” means any receiver, trustee, assignee, liquidator or similar official
under any Bankruptcy Code.

     “Default” means (1) any Event of Default or (2) any event, act or condition that,
after notice or the passage of time or both, would be an Event of Default.

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     “Definitive Discount Note” means a certificated Discount Note registered in the name
of the Holder thereof and issued in accordance with Section 2.07, substantially in the form
of Exhibit A hereto except that such Discount Note shall not bear the Global Discount Note
Legend.

     “Depository” means, with respect to the Discount Notes issued in the form of one or
more Global Discount Notes, The Depository Trust Company or another Person designated as Depository
by the Issuer, which Person must be a clearing agency registered under the Exchange Act.

     “Disbursed Funds Account” means the account designated by the Issuer from time to time
and pledged to the Collateral Agent pursuant to the terms of the Collateral Agreements, into which
funds from the Disbursement Account will be deposited from time to time in accordance with the
Disbursement Agreement.

     “Disbursement Account” means the account maintained by the Disbursement Agent and
pledged to the Collateral Agent pursuant to the terms of the Collateral Agreements, into which
approximately $201.6 million of the net proceeds from the sale of the Units will be deposited.

     “Disbursement Account Collateral” means the Disbursement Account, the Disbursed Funds
Account, amounts and other assets or investments credited thereto or deposited therein, and
proceeds therefrom.

     “Disbursement Agent” means Wells Fargo Bank, National Association, as disbursement
agent under the Disbursement Agreement.

     “Disbursement Agreement” means the Disbursement Agreement, dated as of December 30,
2005, among the Issuer, the Trustee and the Disbursement Agent in connection with the completion of
the Facilities.

     “Discount Note Debt” means the Discount Notes issued on the Issue Date.

     “Discount Note Documents” means this Indenture, the Discount Notes, the Collateral
Agreements, the Purchase Agreement, the Registration Rights Agreement and all agreements governing,
securing or relating to any Discount Note Obligations.

     “Discount Note Lien” means a Lien granted by a Collateral Agreement to the Collateral
Agent (or any other holder, or representative of holders, of Discount Note Obligations), at any
time, upon any assets of the Issuer or any Guarantor to secure Discount Note Obligations.

     “Discount Note Obligations” means Discount Note Debt and all other Obligations in
respect thereof.

     “Discount Notes” means, collectively, the Initial Discount Notes and Exchange Discount
Notes.

     “Disqualified Equity Interests” of any Person means any class of Equity Interests of
such Person that, by its terms, or by the terms of any related agreement or of any security into
which it

13

 

is convertible, puttable or exchangeable, is, or upon the happening of any event or the
passage of time would be, required to be redeemed by such Person, whether or not at the option of
the holder thereof, or matures or is mandatorily redeemable, pursuant to a sinking fund obligation
or otherwise, in whole or in part, on or prior to the date which is 91 days after the final
Maturity Date of the Discount Notes; provided, that all Equity Interests of Subsidiaries
shall be Disqualified Equity Interests.

     “Equity Interests” of any Person means (1) any and all shares or other equity
interests (including common stock, preferred stock, limited liability company interests and
partnership interests) in such Person and (2) all rights to purchase, warrants or options (whether
or not currently exercisable), participations or other equivalents of or interests in (however
designated) such shares or other interests in such Person.

     “Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear clearance
system, or any successor securities clearance agency.

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

     “Exchange Discount Notes” means Discount Notes issued in exchange for the Initial
Discount Notes pursuant to the terms of the Registration Rights Agreement.

     “Exchange Offer” means an exchange offer registered under the Securities Act made by
the Issuer, pursuant to the Registration Rights Agreement, to exchange for any and all Discount
Notes a like aggregate principal amount of Discount Notes having substantially identical terms to
the Discount Notes.

     “Exchange Registration Statement” has the meaning set forth in the Registration Rights
Agreement.

     “Excluded Assets” means each of the following, but only to the extent not subject to a
Credit Agreement Lien:

     (1) any lease, license, contract, property right or agreement to which the Issuer or
any Guarantor is a party or any of its rights or interests thereunder if and only for so
long as the grant of a Lien under the Collateral Agreements will constitute or result in a
breach, termination or default under any such lease, license, contract, property right or
agreement (other than to the extent that any such term would be rendered ineffective
pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the Uniform Commercial Code of any
relevant jurisdiction or any other applicable law or principles of equity);
provided, that such lease, license, contract, property right or agreement will be an
Excluded Asset only to the extent and for so long as the consequences specified above will
result and will cease to be an Excluded Asset and will become subject to the Lien granted
under the security documents, immediately and automatically, at such time as such
consequences will no longer result;

     (2) real property owned by the Issuer or any Guarantor that has a Fair Market Value not
exceeding $2.0 million in the aggregate, or any real property leased by the Issuer or any
Guarantor; and

14

 

     (3) any other assets in which a Lien cannot be perfected either (i) by the filing of a
financing statement under the Uniform Commercial Code of the relevant jurisdiction or (ii)
by the recordation of notice filings or other instruments with the United States Patent and
Trademark Office or the United States Copyright Office, so long as the aggregate Fair Market
Value of all such assets does not at any one time exceed $1.0 million.

     “Facilities” means the ATETM system network to be built at approximately 160 travel
center sites and at approximately 50 fleet terminal sites with the proceeds of the sale of the
Units, as described in the Memorandum.

     “Fair Market Value” means, with respect to any asset, the price (after taking into
account any liabilities relating to such assets) that would be negotiated in an arm’s-length
transaction for cash between a willing seller and a willing and able buyer, neither of which is
under any compulsion to complete the transaction, as such price is determined in good faith by the
Board of Directors of the Issuer, as evidenced by a resolution of such Board of Directors.

     “GAAP” means 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 may be approved by a significant segment of the
accounting profession of the United States, as in effect on the Issue Date.

     “Global Discount Note” means, individually and collectively, each of the Restricted
Global Discount Note and the Unrestricted Global Discount Note, in the form of Exhibit A
hereto.

     “Global Discount Note Legend” means the legend set forth in Section
2.07(g)(2), which is required to be placed on all Global Discount Notes issued under this
Indenture.

     “guarantee” means a direct or indirect guarantee by any Person of any Indebtedness of
any other Person and includes any obligation, direct or indirect, contingent or otherwise, of such
Person: (1) to purchase or pay (or advance or supply funds for the purchase or payment of)
Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by
agreements to keep-well, to purchase assets, goods, securities or services (unless such purchase
arrangements are on arm’s-length terms and are entered into in the ordinary course of business), to
take-or-pay, or to maintain financial statement conditions or otherwise); or (2) entered into for
purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or
to protect such obligee against loss in respect thereof (in whole or in part); “guarantee,”
when used as a verb, and “guaranteed” have correlative meanings.

     “Guarantor” means each Restricted Subsidiary of the Issuer, and each other Person that
is required to, or at the election of the Issuer does, become a Guarantor by the terms of this
Indenture after the Issue Date, in each case, until such Person is released from its Discount Note
Guarantee in accordance with the terms of this Indenture.

15

 

     “Hedging Obligations” of any Person means the obligations of such Person under swap,
cap, collar, forward purchase or similar agreements or arrangements dealing with interest rates,
currency exchange rates or commodity prices, either generally or under specific contingencies.

     “Holder” means any registered holder of the Discount Notes.

     “IAI Global Discount Note” means the Global Discount Note substantially in the form of
Exhibit A hereto bearing the Global Discount Note Legend and the Private Placement Legend
and deposited with or on behalf of and registered in the name of the Depository or its nominee that
will be issued in a denomination equal to the outstanding principal amount of the Discount Notes
sold to Institutional Accredited Investors in the United States of America.

     “incur” means, with respect to any Indebtedness or obligation, incur, create, issue,
assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise,
with respect to such Indebtedness or obligation; provided, that the Indebtedness of a
Person existing at the time such Person became a Restricted Subsidiary shall be deemed to have been
incurred by such Restricted Subsidiary.

     “Indebtedness” of any Person at any date means, without duplication:

     (1) all liabilities, contingent or otherwise, of such Person for borrowed money
(whether or not the recourse of the lender is to the whole of the assets of such Person or
only to a portion thereof);

     (2) all obligations of such Person evidenced by bonds, debentures, notes or other
similar instruments;

     (3) all reimbursement obligations of such Person in respect of letters of credit,
letters of guaranty, bankers’ acceptances and similar credit transactions;

     (4) all obligations of such Person to pay the deferred and unpaid purchase price of
property or services, except trade payables and accrued expenses incurred by such Person in
the ordinary course of business in connection with obtaining goods, materials or services;

     (5) all Disqualified Equity Interests of such Person with the amount of Indebtedness
represented by such Disqualified Equity Interests being equal to the greater of its
voluntary or involuntary liquidation preference and its maximum fixed repurchase price, but
excluding accrued dividends, if any;

     (6) all Capitalized Lease Obligations of such Person;

     (7) all Indebtedness of others secured by a Lien on any asset of such Person, whether
or not such Indebtedness is assumed by such Person;

     (8) all Indebtedness of others guaranteed by such Person to the extent of such
guarantee; provided, that Indebtedness of the Issuer or its Subsidiaries that is
guaranteed

16

 

by the Issuer or the Issuer’s Subsidiaries shall only be counted once in the
calculation of the amount of Indebtedness of the Issuer and its Subsidiaries on a
consolidated basis;

     (9) all Attributable Indebtedness;

     (10) to the extent not otherwise included in this definition, Hedging Obligations of
such Person; and

     (11) all obligations of such Person under conditional sale or other title retention
agreements relating to assets purchased by such Person.

The amount of any Indebtedness which is incurred at a discount to the principal amount thereof as
of any date shall be deemed to have been incurred at the accreted value thereof as of such date.
The amount of Indebtedness of any Person at any date shall be the outstanding balance at such date
of all unconditional obligations as described above, the maximum liability of such Person for any
such contingent obligations at such date and, in the case of clause (7), the lesser of (a)
the Fair Market Value of any asset subject to a Lien securing the Indebtedness of others on the
date that the Lien attaches and (b) the amount of the Indebtedness secured. For purposes of
clause (5), the “maximum fixed redemption or repurchase price” of any Disqualified Equity
Interests that do not have a fixed redemption or repurchase price shall be calculated in accordance
with the terms of such Disqualified Equity Interests as if such Disqualified Equity Interests were
redeemed or repurchased on any date on which an amount of Indebtedness outstanding shall be
required to be determined pursuant to this Indenture.

     “Indenture” means this Indenture, as amended, restated or supplemented from time to
time.

     “Independent Director” means a director of the Issuer who

     (1) is independent with respect to the transaction at issue;

     (2) does not have any material financial interest in the Issuer or any of its
Affiliates (other than as a result of holding securities of the Issuer); and

     (3) has not and whose Affiliates or affiliated firm has not, at any time during the
twelve months prior to the taking of any action hereunder, directly or indirectly, received,
or entered into any understanding or agreement to receive, any compensation, payment or
other benefit, of any type or form, from the Issuer or any of its Affiliates, other than
customary directors’ fees for serving on the Board of Directors of the Issuer or any
Affiliate and reimbursement of out-of-pocket expenses for attendance at the Issuer’s or
Affiliate’s board and board committee meetings.

     Notwithstanding the foregoing, any director designated by Jefferies & Company, Inc. or any of
its Affiliates that is independent with respect to the transaction at issue will be an “Independent
Director.”

     “Independent Financial Advisor” means an accounting, appraisal or investment banking
firm of nationally recognized standing that is, in the reasonable judgment of the Issuer’s Board of

17

 

Directors, qualified to perform the task for which it has been engaged and disinterested and
independent with respect to the Issuer and its Affiliates.

     “Indirect Participant” means a Person who holds a beneficial interest in a Global
Discount Note through a Participant.

     “Initial Discount Notes” means the 13% Senior Secured Discount Notes due 2012 issued
by the Issuer on the Issue Date.

     “Initial Purchaser” means Jefferies & Company, Inc.

     “Initial Warrants” means the 320,000 Warrants issued by the Issuer as Units with the
Initial Discount Notes on the date hereof.

     “Intercreditor Agreement” means that certain Intercreditor Agreement, substantially in
the form of Exhibit F hereto, to be entered into concurrently with the closing of the
Credit Agreement, by and among the Issuer, the Guarantors party to the Credit Agreement, the Credit
Agreement Collateral Agent and the Collateral Agent, on behalf of the Holders of Discount Notes (as
amended, modified, superseded, reinstated, succeeded or replaced from time to time in accordance
with its terms and the terms of this Indenture), which defines the rights of the Credit Agreement
Collateral Agent and the lenders under the Credit Agreement in relation to the rights of the
Collateral Agent and the Holders of Discount Notes with respect to the Shared Collateral.

     “Interest Payment Dates” means June 15 and December 15 of each calendar year,
commencing on December 15, 2008.

     “Investments” of any Person means:

     (1) all direct or indirect investments by such Person in any other Person in the form
of loans, advances or capital contributions or other credit extensions constituting
Indebtedness of such other Person, and any guarantee of Indebtedness of any other Person;

     (2) all purchases (or other acquisitions for consideration) by such Person of
Indebtedness, Equity Interests or other securities of any other Person (other than any such
purchase that constitutes a Restricted Payment of the type described in clause (2)
of the definition thereof);

     (3) all other items that would be classified as investments (including purchases of
assets outside the ordinary course of business) on a balance sheet of such Person prepared
in accordance with GAAP; and

     (4) the Designation of any Subsidiary as an Unrestricted Subsidiary.

Except as otherwise expressly specified in this definition, the amount of any Investment (other
than an Investment made in cash) shall be the Fair Market Value thereof on the date such Investment
is made. The amount of Investment pursuant to clause (4) shall be the “Designation
Amount” determined in accordance with Section 4.15(a). If the Issuer or any Subsidiary
sells or

18

 

otherwise disposes of any Equity Interests of any direct or indirect Subsidiary such that, after
giving effect to any such sale or disposition, such Person is no longer a Subsidiary, the Issuer
shall be deemed to have made an Investment on the date of any such sale or other disposition equal
to the Fair Market Value of the Equity Interests of and all other Investments in such Subsidiary
not sold or disposed of, which amount shall be determined in good faith by the Board of Directors.
The acquisition by the Issuer or any Restricted Subsidiary of a Person that holds an Investment in
a third Person shall be deemed to be an Investment by the Issuer or such Restricted Subsidiary in
the third Person in an amount equal to the Fair Market Value of the Investment held by the acquired
Person in the third Person. Notwithstanding the foregoing, purchases or redemptions of Equity
Interests of the Issuer shall be deemed not to be Investments.

     “Issue Date” means the date on which the Discount Notes are originally issued.

     “Issuer” means the party named as such in the preamble to this Indenture until a
successor replaces such party pursuant to Article Five, and thereafter means such
successor.

     “Legal Holiday” means, with respect to a particular place of payment, a Saturday, a
Sunday or a day on which banking institutions (i) in New York, New York, (ii) in the city in which
the corporate trust office of the Trustee is located or (iii) at such place of payment are
authorized by law, regulation or executive order to remain closed.

     “Lien” means, with respect to any asset, any mortgage, deed of trust, lien (statutory
or other), pledge, lease, easement, restriction, covenant, charge, security interest or other
encumbrance of any kind or nature in respect of such asset, whether or not filed, recorded or
otherwise perfected under applicable law, including any conditional sale or other title retention
agreement, and any lease in the nature thereof, any option or other agreement to sell, and any
filing of, or agreement to give, any financing statement under the Uniform Commercial Code (or
equivalent statutes) of any jurisdiction (other than cautionary filings in respect of operating
leases).

     “Maturity Date” means December 15, 2012.

     “Memorandum” means the Confidential Information Memorandum, dated November 28, 2005,
relating to the offering of the Initial Discount Notes, as supplemented by the Confidential
Information Memorandum Supplement, dated December 28, 2005.

     “Moody’s” means Moody’s Investors Service, Inc., and its successors; provided,
that any reference to a particular rating by Moody’s shall be construed to apply to the
corresponding rating of any successor.

     “Net Available Proceeds” means, with respect to any Asset Sale, the proceeds thereof
in the form of cash or Cash Equivalents, net of

     (1) brokerage commissions and other reasonable out-of-pocket fees and expenses
(including fees and expenses of legal counsel, accountants and investment banks) of such
Asset Sale;

19

 

     (2) provisions for taxes payable as a result of such Asset Sale (after taking into
account any available tax credits or deductions and any tax sharing arrangements);

     (3) amounts required to be paid to any Person (other than the Issuer or any Restricted
Subsidiary) owning a beneficial interest in the assets subject to the Asset Sale or having a
Lien thereon;

     (4) payments of unassumed liabilities (not constituting Indebtedness) relating to the
assets sold at the time of, or within 30 days after the date of, such Asset Sale; and

     (5) appropriate amounts to be provided by the Issuer or any Restricted Subsidiary, as
the case may be, as a reserve required in accordance with GAAP against any adjustment in the
sale price of such asset or assets or liabilities associated with such Asset Sale and
retained by the Issuer or any Restricted Subsidiary, as the case may be, after such Asset
Sale, including pensions and other post-employment benefit liabilities, liabilities related
to environmental matters and liabilities under any indemnification obligations associated
with such Asset Sale, all as reflected in an Officers’ Certificate delivered to the Trustee;
provided, that any amounts remaining after adjustments, revaluations or liquidations
of such reserves shall constitute Net Available Proceeds.

     “Non-Recourse Debt” means Indebtedness of an Unrestricted Subsidiary:

     (1) as to which neither the Issuer nor any Restricted Subsidiary (a) provides credit
support of any kind (including any undertaking, agreement or instrument that would
constitute Indebtedness), (b) is directly or indirectly liable as a guarantor or otherwise,
or (c) constitutes the lender;

     (2) no default with respect to which (including any rights that the holders thereof may
have to take enforcement action against an Unrestricted Subsidiary) would permit upon
notice, lapse of time or both any holder of any other Indebtedness (other than the Discount
Notes or the Credit Agreement) of the Issuer or any Restricted Subsidiary to declare a
default on the other Indebtedness or cause the payment thereof to be accelerated or payable
prior to its stated maturity; and

     (3) as to which the lenders have been notified in writing that they will not have any
recourse to the Equity Interests or assets of the Issuer or any Restricted Subsidiary.

     “nonrecurring” means any gain or loss as of any date that is not reasonably likely to
recur within the two years following such date; provided, that if there was a gain or loss
similar to such gain or loss within the two years preceding such date, such gain or loss shall not
be deemed nonrecurring.

     “Obligations” means:

     (1) with respect to Discount Note Debt, any principal or interest and Additional
Interest payment, or monetary penalty, or damages, due by the Issuer or any Guarantor under
the terms of the Discount Notes or this Indenture, and

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     (2) with respect to Credit Agreement Debt, any principal (including reimbursement
obligations with respect to letters of credit whether or not drawn), interest (including, to
the extent legally permitted, all interest accrued thereon after the commencement of any
insolvency or liquidation proceeding at the rate, including any applicable post-default
rate, specified in the Credit Agreement Documents, even if such interest is not enforceable,
allowable or allowed as a claim in such proceeding), premium (if any), fees,
indemnifications, reimbursements, expenses and other liabilities payable by the Issuer or
any guarantor of the Credit Agreement Debt.

     “Offer to Purchase” means a written offer (the “Offer”) sent by or on behalf
of the Issuer by first-class mail, postage prepaid, to each Holder at its address appearing in the
register for the Discount Notes on the date of the Offer offering to purchase up to the principal
amount of Discount Notes specified in such Offer at the purchase price specified in such Offer (as
determined pursuant to this Indenture). Unless otherwise required by applicable law, the Offer
shall specify an expiration date (the “Offer Expiration Date”) of the Offer to Purchase,
which shall be not less than 30 Business Days nor more than 60 days after the date of such Offer,
and a settlement date (the “Purchase Date”) for purchase of Discount Notes to occur no
later than three Business Days after the Offer Expiration Date. The Offer shall contain all the
information required by applicable law to be included therein. The Offer shall also contain
information concerning the business of the Issuer that the Issuer in good faith believes will
enable such Holders to make an informed decision with respect to the Offer to Purchase. Such
information shall include, at a minimum, (i) the most recent annual and quarterly financial
statements and “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” contained in the document required to be delivered to Holders pursuant to Section
4.02 (which requirements may be satisfied by delivery of such documents together with the
Offer), (ii) a description of material developments in the Issuer’s business subsequent to the date
of the latest of such financial statements referred to in clause (i) (including a description of
the events requiring the Issuer to make the Offer to Purchase), (iii) if applicable, appropriate
pro forma financial information concerning the Offer to Purchase and the events requiring the
Issuer to make the Offer to Purchase and (iv) any other information required by applicable law to
be included therein. The Offer shall contain all instructions and materials necessary to enable
such Holders to tender Discount Notes pursuant to the Offer to Purchase. The Offer shall also
state:

     (1) the Section of this Indenture pursuant to which the Offer to Purchase is being made;

     (2) the Offer Expiration Date and the Purchase Date;

     (3) the aggregate principal amount of the outstanding Discount Notes offered to be purchased
by the Issuer pursuant to the Offer to Purchase (including, if less than 100%, the manner by which
such amount has been determined pursuant to the Section of this Indenture requiring the Offer to
Purchase) (the “Purchase Amount”);

     (4) the purchase price to be paid by the Issuer for each $1,000 principal amount of Discount
Notes accepted for payment (the “Purchase Price”);

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     (5) that the Holder may tender all or any portion of the Discount Notes registered in the name
of such Holder and that any portion of a Discount Note tendered must be tendered in an integral
multiple of $1,000 principal amount;

     (6) the place or places where Discount Notes are to be surrendered for tender pursuant to the
Offer to Purchase;

     (7) that interest (including Additional Interest, if any) on any Discount Note not tendered or
tendered but not purchased by the Issuer pursuant to the Offer to Purchase will continue to accrue;

     (8) that on the Purchase Date the Purchase Price will become due and payable upon each
Discount Note being accepted for payment pursuant to the Offer to Purchase and that interest
(including Additional Interest, if any) thereon shall cease to accrue on and after the Purchase
Date;

     (9) that each Holder electing to tender all or any portion of a Discount Note pursuant to the
Offer to Purchase will be required to surrender such Discount Note, with the form entitled “Option
of Holder to Elect Purchase” on the reverse of the Discount Note completed, at the place or places
specified in the Offer prior to the close of business on the Offer Expiration Date (such Discount
Note being, if the Issuer so requires, duly endorsed by, or accompanied by a written instrument of
transfer in form satisfactory to the Issuer duly executed by, the Holder thereof or its attorney
duly authorized in writing);

     (10) that Holders will be entitled to withdraw all or any portion of Discount Notes tendered
if the Issuer receives, not later than the close of business on the fifth Business Day preceding
the Offer Expiration Date, a telegram, telex, facsimile transmission or letter setting forth the
name of the Holder, the principal amount of the Discount Note the Holder tendered, the certificate
number of the Discount Note the holder tendered and a statement that such Holder is withdrawing all
or a portion of its tender;

     (11) that (a) if Discount Notes in an aggregate principal amount less than or equal to the
Purchase Amount are duly tendered and not withdrawn pursuant to the Offer to Purchase, the Issuer
shall purchase all such Discount Notes and (b) if Discount Notes in an aggregate principal amount
in excess of the Purchase Amount are tendered and not withdrawn pursuant to the Offer to Purchase,
the Issuer shall purchase Discount Notes having an aggregate principal amount equal to the Purchase
Amount on a pro rata basis (with such adjustments as may be deemed appropriate so that only
Discount Notes in denominations of $1,000 principal amount or integral multiples thereof shall be
purchased); and

     (12) that in the case of any Holder whose Discount Note is purchased only in part, the Issuer
shall execute and deliver to the Holder of such Discount Note without service charge, a new
Discount Note or Discount Notes, of any authorized denomination as requested by such Holder, in an
aggregate principal amount equal to and in exchange for the unpurchased portion of the Discount
Note so tendered.

     An Offer to Purchase shall be governed by and effected in accordance with the provisions above
pertaining to any Offer.

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     On or before the Purchase Date, the Issuer shall (i) accept for payment Discount Notes or
portions thereof tendered and not withdrawn pursuant to the Offer, (ii) deposit with the Trustee
U.S. Dollars sufficient to pay the Purchase Price, plus accrued interest (including Additional
Interest, if any) of all Discount Notes to be purchased and (iii) deliver to the Trustee Discount
Notes so accepted together with an Officers’ Certificate stating the Discount Notes or portions
thereof being purchased by the Issuer. The Trustee shall promptly mail to the Holders of Discount
Notes so accepted payment in an amount equal to the Purchase Price, plus accrued interest
(including Additional Interest, if any) thereon.

     “Officer” of any Person means any of the following of such Person: the Chairman of the
Board of Directors, the Chief Executive Officer, the Chief Financial Officer, the President, any
Vice President, the Treasurer or the Secretary.

     “Officers’ Certificate” means a certificate signed by two Officers and reasonably
satisfactory in form and substance to the intended recipient thereof.

     “144A Global Discount Note” means the Global Discount Note substantially in the form
of Exhibit A hereto bearing the Global Discount Note Legend and the Private Placement
Legend and deposited with or on behalf of and registered in the name of the Depository or its
nominee that will be issued in a denomination equal to the outstanding principal amount of the
Discount Notes sold in reliance on Rule 144A.

     “Opinion of Counsel” means a written opinion reasonably satisfactory in form and
substance to the Trustee from legal counsel, which counsel is reasonably acceptable to the Trustee,
stating the matters required by Section 12.05 and delivered to the Trustee.

     “Other Eligible Investments” means short-term, U.S. dollar-denominated, fixed-income
securities (or other non-equity securities with debt-like characteristics, which pay on a fixed or
floating rate basis) comprised of any of the following:

     (1) direct non-callable obligations of states or municipalities of the United States of
America rated in the highest rating category of S&P or Moody’s;

     (2) auction rate notes and structured notes rated in the highest rating category of S&P
or Moody’s; and

     (3) bonds and notes maturing no more than 180 days from the date of creation thereof
issued by a corporation that is not the Issuer or an Affiliate of the Issuer, and is
organized under the laws of any State of the United States of America or the District of
Columbia and rated in the highest rating category of S&P or Moody’s.

     “Pari Passu Indebtedness” means any Indebtedness of the Issuer or any Guarantor that
ranks pari passu in right of payment with the Discount Notes or the Discount Note
Guarantees, as applicable.

     “Participant” means, with respect to the Depository, Euroclear or Clearstream, a
Person who has an account with the Depository, Euroclear or Clearstream, respectively (and, with
respect to The Depository Trust Company, shall include Euroclear and Clearstream).

23

 

     “Permitted Business” means the businesses engaged in by the Issuer on the Issue Date
as described in the Memorandum and businesses that are reasonably related thereto or reasonable
extensions thereof.

     “Permitted Investment” means:

     (1) Investments in any Guarantor or any Person that will become immediately after such
Investment a Guarantor or that will merge with or consolidate into the Issuer or any
Guarantor;

     (2) Investments in the Issuer;

     (3) loans and advances, including advances for travel and moving expenses, to
employees, officers and directors of the Issuer and its Restricted Subsidiaries in the
ordinary course of business for bona fide business purposes and in accordance with
applicable laws, not in excess of $1.0 million at any one time outstanding;

     (4) Hedging Obligations incurred pursuant to clause (4) of the Section
4.06(b);

     (5) cash and Cash Equivalents;

     (6) receivables owing to the Issuer or any Restricted Subsidiary that are created or
acquired in the ordinary course of business and payable or dischargeable in accordance with
customary trade terms; provided, that such trade terms may include such
concessionary trade terms as the Issuer or any such Restricted Subsidiary deems reasonable
under the circumstances;

     (7) Investments in securities of trade creditors or customers received pursuant to any
plan of reorganization or similar arrangement upon the bankruptcy or insolvency of such
trade creditors or customers;

     (8) Investments as a result of consideration received in connection with an Asset Sale
made in compliance with Section 4.09;

     (9) lease, utility and other similar deposits in the ordinary course of business;

     (10) advances to suppliers and customers in the ordinary course of business;

     (11) stock, obligations or securities received in settlement of debts created in the
ordinary course of business and owing to the Issuer or any Restricted Subsidiary or in
satisfaction of judgments; and

     (12) other Investments in an aggregate amount not to exceed $5.0 million at any one
time outstanding (with each Investment being valued as of the date made and without regard
to subsequent changes in value); provided, that the amount of Investments
outstanding at any time pursuant to this clause (12) shall be deemed to be reduced:

24

 

     (a) upon the disposition or repayment of or return on any Investment made
pursuant to this clause (12), by an amount equal to the return of capital
with respect to such Investment to the Issuer or any Restricted Subsidiary (to the
extent not included in the computation of Consolidated Net Income), less the cost of
the disposition of such Investment and net of taxes; and

     (b) upon a Redesignation of an Unrestricted Subsidiary as a Restricted
Subsidiary, by an amount equal to the lesser of (x) the Fair Market Value of the
Issuer’s proportionate interest in such Subsidiary immediately following such
Redesignation, and (y) the aggregate amount of Investments in such Subsidiary that
increased (and did not previously decrease) the amount of Investments outstanding
pursuant to this clause (12).

     “Permitted Liens” means the following types of Liens:

     (1) Liens for taxes, assessments or governmental charges or claims either (a) not
delinquent or (b) contested in good faith by appropriate proceedings and as to which the
Issuer or the Restricted Subsidiaries shall have set aside on its books such reserves as may
be required pursuant to GAAP;

     (2) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics,
suppliers, materialmen, repairmen and other Liens imposed by law incurred in the ordinary
course of business for sums not yet delinquent or being contested in good faith, if such
reserve or other appropriate provision, if any, as shall be required by GAAP shall have been
made in respect thereof;

     (3) Liens incurred or deposits made in the ordinary course of business in connection
with workers’ compensation, unemployment insurance and other types of social security, or to
secure the performance of tenders, statutory obligations, surety and appeal bonds, bids,
leases, government contracts, performance and return-of-money bonds and other similar
obligations (exclusive of obligations for the payment of borrowed money);

     (4) Liens upon specific items of inventory or other goods and proceeds of any Person
securing such Person’s obligations in respect of bankers’ acceptances issued or created for
the account of such Person to facilitate the purchase, shipment or storage of such inventory
or other goods;

     (5) judgment Liens not giving rise to a Default so long as such Liens are adequately
bonded and any appropriate legal proceedings which may have been duly initiated for the
review of such judgment have not been finally terminated or the period within which the
proceedings may be initiated has not expired;

     (6) easements, rights-of-way, zoning restrictions and other similar charges,
restrictions or encumbrances in respect of real property or immaterial imperfections of
title which do not, in the aggregate, impair in any material respect the ordinary conduct of
the business of the Issuer and the Restricted Subsidiaries taken as a whole;

25

 

     (7) Liens securing reimbursement obligations with respect to commercial letters of
credit which encumber documents and other assets relating to such letters of credit and
products and proceeds thereof;

     (8) Liens encumbering deposits made to secure obligations arising from statutory,
regulatory, contractual or warranty requirements of the Issuer or any Restricted Subsidiary,
including rights of offset and setoff;

     (9) bankers’ Liens, rights of setoff and other similar Liens existing solely with
respect to cash and Cash Equivalents on deposit in one or more of accounts maintained by the
Issuer or any Restricted Subsidiary, in each case granted in the ordinary course of business
in favor of the bank or banks with which such accounts are maintained, securing amounts
owing to such bank with respect to cash management and operating account arrangements,
including those involving pooled accounts and netting arrangements; provided, that
in no case shall any such Liens secure (either directly or indirectly) the repayment of any
Indebtedness;

     (10) Liens arising from filing Uniform Commercial Code financing statements regarding
leases;

     (11) Discount Note Liens;

     (12) Liens on Shared Collateral securing Credit Agreement Obligations in an aggregate
principal amount not exceeding the Senior Lender Debt Cap;

     (13) Liens existing on the Issue Date securing Indebtedness outstanding on the Issue
Date;

     (14) Liens in favor of the Issuer or a Guarantor (other than Liens granted by the Issuer
or any Guarantor in favor of any other Guarantor or the Issuer);

     (15) Liens securing Purchase Money Indebtedness; provided, that such Liens shall
not extend to any asset other than the specified asset being financed and additions and
improvements thereon;

     (16) Liens on assets of a Person existing at the time such Person is acquired or merged
with or into or consolidated with the Issuer or any such Restricted Subsidiary (and not
created in anticipation or contemplation thereof); provided, that the Liens do not
extend to assets not subject to such Lien at the time of acquisition (other than
improvements thereon) and are no more favorable to the lienholders than those securing such
Acquired Indebtedness prior to the incurrence of such Acquired Indebtedness by the Issuer or
a Restricted Subsidiary;

     (17) Liens to secure Refinancing Indebtedness of Indebtedness secured by Liens referred
to in the foregoing clauses (12) and (15); provided, such Liens do
not extend to any additional assets (other than improvements thereon and replacements
thereof);

26

 

     (18) Liens in favor of customs and revenue authorities arising as a matter of law to
secure payment of customs duties in connection with the importation of goods; and

     (19) Liens securing Hedging Obligations incurred pursuant to clause (4) of
Section 4.06(b).

     “Permitted Prior Liens” means:

     (1) Liens described in clause (13), (15) or (16) of the
definition of “Permitted Liens” to the extent such Liens also have priority over the Credit
Agreement Liens, if any, on the assets subject to such Liens; and

     (2) Permitted Liens that arise by operation of law and are not voluntarily granted, to
the extent entitled by law to priority over the Discount Note Liens and Credit Agreement
Liens.

     “Person” means any individual, corporation, partnership, limited liability company,
joint venture, incorporated or unincorporated association, joint-stock company, trust,
unincorporated organization or government or other agency or political subdivision thereof or other
entity of any kind.

     “Plan of Liquidation” with respect to any Person, means a plan that provides for,
contemplates or the effectuation of which is preceded or accompanied by (whether or not
substantially contemporaneously, in phases or otherwise):

     (1) the sale, lease, conveyance or other disposition of all or substantially all of the
assets of such Person otherwise than as an entirety or substantially as an entirety; and

     (2) the distribution of all or substantially all of the proceeds of such sale, lease,
conveyance or other disposition of all or substantially all of the remaining assets of such
Person to holders of Equity Interests of such Person.

     “Preferred Stock” means, with respect to any Person, any and all preferred or
preference stock or other equity interests (however designated) of such Person whether now
outstanding or issued after the Issue Date.

     “principal” means, with respect to the Discount Notes, the principal at maturity of,
and premium, if any, on the Discount Notes.

     “Private Placement Legend” means the legend set forth in Section 2.07(g)(1) to
be placed on the Initial Discount Notes issued under this Indenture except where otherwise
permitted by the provisions of this Indenture.

     “Purchase Money Indebtedness” means Indebtedness, including Capitalized Lease
Obligations, incurred for the purpose of financing all or any part of the purchase price of
property, plant or equipment used in the business of the Issuer or any Restricted Subsidiary
or the cost of installation, construction or improvement thereof; provided,
however, that (1) the amount of such Indebtedness shall not exceed such purchase price or
cost and (2) such

27

 

Indebtedness shall be incurred within 90 days after such acquisition of such
asset by the Issuer or such Restricted Subsidiary or such installation, construction or
improvement.

     “Purchase Agreement” means the Purchase Agreement, dated as of December 28, 2005, by
and between the Issuer and the Initial Purchaser.

     “QIB” means any “qualified institutional buyer” (as defined under the Securities Act).

     “Qualified Equity Interests” means Equity Interests of the Issuer other than
Disqualified Equity Interests; provided, that such Equity Interests shall not be deemed
Qualified Equity Interests to the extent sold or owed to the Issuer or a Subsidiary or financed,
directly or indirectly, using funds (1) borrowed from the Issuer or any Subsidiary of the Issuer
until and to the extent such borrowing is repaid or (2) contributed, extended, guaranteed or
advanced by the Issuer or any Subsidiary of the Issuer (including, without limitation, in respect
of any employee stock ownership or benefit plan).

     “Qualified Equity Offering” means the issuance and sale of Qualified Equity Interests
of the Issuer to Persons other than any Person who is, prior to such issuance and sale, an
Affiliate of the Issuer, other than in connection with a transaction or series of transactions
constituting a Change of Control.

     “redeem” means to redeem, repurchase, purchase, defease, retire, discharge or
otherwise acquire or retire for value; and “redemption” shall have a correlative meaning;
provided, that this definition shall not apply for purposes of paragraph 5 of the Discount
Notes.

     “Redemption Date” when used with respect to any Discount Note to be redeemed, means
the date fixed for such redemption pursuant to the terms of the Discount Notes.

     “refinance” means to refinance, repay, prepay, replace, renew or refund.

     “Refinancing Indebtedness” means Indebtedness of the Issuer or a Restricted Subsidiary
issued in exchange for, or the proceeds from the issuance and sale or disbursement of which are
used substantially concurrently to redeem or refinance in whole or in part, or constituting an
amendment of, any Indebtedness of the Issuer or any Restricted Subsidiary (the “Refinanced
Indebtedness”); provided, that:

     (1) the principal amount (or accreted value, in the case of Indebtedness issued at a
discount) of the Refinancing Indebtedness does not exceed the principal amount (or accreted
value, as the case may be) of the Refinanced Indebtedness plus the amount of accrued and
unpaid interest on the Refinanced Indebtedness, any premium paid to the holders of the
Refinanced Indebtedness and reasonable expenses incurred in connection with the incurrence
of the Refinancing Indebtedness;

     (2) the Refinancing Indebtedness is the obligation of the same Person as that of the
Refinanced Indebtedness;

     (3) if the Refinanced Indebtedness was subordinated in right of payment to the Discount
Notes or the Discount Note Guarantees, as the case may be, then such

28

 

Refinancing Indebtedness, by its terms, is subordinate in right of payment to the Discount Notes or the
Discount Note Guarantees, as the case may be, at least to the same extent as the Refinanced
Indebtedness;

     (4) the Refinancing Indebtedness is scheduled to mature either (a) no earlier than the
Refinanced Indebtedness being repaid or amended or (b) at least 91 days after the Maturity
Date of the Discount Notes;

     (5) the portion, if any, of the Refinancing Indebtedness that is scheduled to mature on
or prior to the Maturity Date of the Discount Notes has a Weighted Average Life to Maturity
at the time such Refinancing Indebtedness is incurred that is equal to or greater than the
Weighted Average Life to Maturity of the portion of the Refinanced Indebtedness being repaid
that is scheduled to mature on or prior to the Maturity Date of the Discount Notes; and

     (6) except for Refinancing Indebtedness in respect of the Credit Facilities, the
Refinancing Indebtedness is secured only to the extent, if at all, and by the assets, that
the Refinanced Indebtedness being repaid or amended is secured.

     “Registration Rights Agreement” means the Registration Rights Agreement, dated as of
December 30, 2005, by and between the Issuer and the Initial Purchaser.

     “Regulation S” means Regulation S promulgated under the Securities Act.

     “Regulation S Global Discount Note” means a permanent Global Discount Note
substantially in the form of Exhibit A hereto bearing the Global Discount Note Legend and
the Private Placement Legend and deposited with or on behalf of and registered in the name of the
Depository or its nominee, issued in a denomination equal to the outstanding principal amount of
the Initial Discount Notes initially sold in reliance on Regulation S.

     “Required Lenders” means, as applicable, those Senior Lenders required under the terms
thereof to approve any amendment or modification of a Credit Agreement Document, or any termination
or waiver of any provision of a Credit Agreement Document, or any consent or departure by any of
the Obligors therefrom.

     “Responsible Officer” when used with respect to the Trustee, means an officer or
assistant officer assigned to the corporate trust department of the Trustee (or any successor group
of the Trustee) with direct responsibility for the administration of this Indenture and also means,
with respect to a particular corporate trust matter, any other officer to whom such matter is
referred because of his knowledge of and familiarity with the particular subject.

     “Restricted Definitive Discount Note” means a Definitive Discount Note bearing the
Private Placement Legend.

     “Restricted Global Discount Note” means a Global Discount Note bearing the Private
Placement Legend (including the Regulation S Global Discount Note).

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     “Restricted Payment” means any of the following:

     (1) the declaration or payment of any dividend or any other distribution on Equity
Interests of the Issuer or any Restricted Subsidiary or any payment made to the direct or
indirect holders (in their capacities as such) of Equity Interests of the Issuer or any
Restricted Subsidiary, including, without limitation, any payment in connection with any
merger or consolidation but excluding (a) dividends or distributions payable solely in
Qualified Equity Interests and (b) dividends or distributions payable by a Restricted
Subsidiary to the Issuer or another Restricted Subsidiary and pro rata dividends or
distributions payable to minority stockholders of such Restricted Subsidiary;

     (2) the redemption of any Equity Interests of the Issuer or any Restricted Subsidiary,
including, without limitation, any payment in connection with any merger or consolidation
but excluding any such Equity Interests held by the Issuer or any Restricted Subsidiary;

     (3) any Investment other than a Permitted Investment; or

     (4) any redemption prior to the scheduled maturity or prior to any scheduled repayment
of principal or sinking fund payment, as the case may be, in respect of Subordinated
Indebtedness.

     “Restricted Period” means the 40-day distribution compliance period as defined in
Regulation S.

     “Restricted Subsidiary” means any Subsidiary other than an Unrestricted Subsidiary.

     “Rule 144” means Rule 144 promulgated under the Securities Act.

     “Rule 144A” means Rule 144A promulgated under the Securities Act.

     “Rule 903” means Rule 903 promulgated under the Securities Act.

     “Rule 904” means Rule 904 promulgated the Securities Act.

     “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., and its successors; provided, that any reference to a particular rating by
S&P shall be construed to apply to the corresponding rating of any successor.

     “Sale and Leaseback Transaction” means, with respect to any Person, an arrangement
with any bank, insurance company or other lender or investor or to which such lender or investor is
a party, providing for the leasing by such Person of any asset of such Person which has been or is
being sold or transferred by such Person to such lender or investor or to any Person to whom funds
have been or are to be advanced by such lender or investor on the security of such asset.

     “SEC” means the U.S. Securities and Exchange Commission.

     “Secretary’s Certificate” means a certificate signed by the Secretary of the Issuer.

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     “Secured Debt Documents” means the Discount Note Documents and the Credit Agreement
Documents.

     “Secured Obligations” means the Discount Note Obligations and the Credit Agreement
Obligations.

     “Securities Act” means the U.S. Securities Act of 1933, as amended.

     “Senior Lender Debt Cap” means the principal amount outstanding under the Credit
Agreement in an aggregate principal amount not to exceed 110% of the amount provided by clause
(1) of the definition of “Permitted Indebtedness.”

     “Senior Lenders” means the Persons holding Credit Agreement Debt.

     “Separation Date” means the earliest to occur of (i) 180 days following the
consummation of the offering of the Units, (ii) the date on which a piggy-back registration
statement with respect to the Warrant Shares is declared effective under the Securities Act, and
(iii) such date as the Initial Purchaser in its sole discretion shall determine. In the case of
clause (iii) above, notice of such date shall be provided to the Trustee and the Warrant
Agent in writing.

     “Shared Collateral” means Collateral that secures both the Credit Agreement
Obligations and the Discount Note Obligations.

     “Significant Subsidiary” means:

     (1) any Restricted Subsidiary that would be a “significant subsidiary” as defined in
Regulation S-X promulgated pursuant to the Securities Act as such Regulation is in effect on
the Issue Date; and

     (2) any Restricted Subsidiary that, when aggregated with all other Restricted
Subsidiaries that are not otherwise Significant Subsidiaries and as to which any event
described in clause (7) or (8) under Section 6.01 has occurred and
is continuing, would constitute a Significant Subsidiary under clause (1) of this
definition.

     “Subordinated Indebtedness” means Indebtedness of the Issuer or any Restricted
Subsidiary that (a) is expressly subordinated in right of payment to the Discount Notes or the
Discount Note Guarantees, respectively, and (b) has a final maturity date later than the Discount
Notes (and no scheduled mandatory prepayments or amortization payments on or prior to such date).

     “subsidiary” means, with respect to any Person:

     (1) any corporation, limited liability company, association or other business entity of
which more than 50% of the total voting power of the Equity Interests entitled (without
regard to the occurrence of any contingency) to vote in the election of the Board of
Directors thereof are at the time owned or controlled, directly or indirectly, by such
Person or one or more of the other subsidiaries of that Person (or a combination thereof);
and

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     (2) any partnership (a) the sole general partner or the managing general partner of
which is such Person or a subsidiary of such Person or (b) the only general partners of
which are such Person or of one or more subsidiaries of such Person (or any combination
thereof).

     “Subsidiary” means a subsidiary of the Issuer.

     “transfer” means any sale, issuance, conveyance, transfer, lease, assignment or other
disposition; when used as a verb, “transfer” will have a correlative meaning.

     “Trust Indenture Act” or “TIA” means the U.S. Trust Indenture Act of 1939, as
amended.

     “Trustee” means the party named as such in the preamble to this Indenture until a
successor replaces it pursuant to this Indenture, and thereafter means such successor.

     “Units” means the securities issued together by the Issuer on the date hereof, each
consisting of (i) $1,000 principal amount of the Discount Notes and (ii) one Initial Warrant.

     “Unrestricted Global Discount Note” means a permanent Global Discount Note
substantially in the form of Exhibit A attached hereto that bears the Global Discount Note
Legend, and that is deposited with or on behalf of and registered in the name of the Depository,
representing a series of Discount Notes that do not bear the Private Placement Legend.

     “Unrestricted Subsidiary” means (1) any Subsidiary that at the time of determination
shall be designated an Unrestricted Subsidiary by the Board of Directors of the Issuer in
accordance with Section 4.15 and (2) any Subsidiary of an Unrestricted Subsidiary.

     “U.S. Government Obligations” means direct non-callable obligations of, or obligations
guaranteed by, the United States of America for the payment of which guarantee or obligations the
full faith and credit of the United States is pledged.

     “Voting Stock” with respect to any Person, means securities of any class of Equity
Interests of such Person entitling the holders thereof (whether at all times or only so long as no
senior class of stock or other relevant equity interest has voting power by reason of any
contingency) to vote in the election of members of the Board of Directors of such Person.

     “Warrant Agent” means Wells Fargo Bank, National Association, as warrant agent under
the Warrant Agreement.

     “Warrant Agreement” means the Warrant Agreement, dated as of December 30, 2005,
between the Issuer and the Warrant Agent, relating to the issuance of the Warrants.

     “Warrant Shares” means the shares of Common Stock into which the Warrants are
exercisable.

     “Warrants” means the warrants to purchase Common Stock of the Issuer, issued by the
Issuer pursuant to the Warrant Agreement, as amended from time to time in accordance with the terms
thereof.

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     “Weighted Average Life to Maturity” when applied to any Indebtedness at any date,
means the number of years obtained by dividing (1) the sum of the products obtained by multiplying
(a) the amount of each then remaining installment, sinking fund, serial maturity or other required
payment of principal, including payment at final maturity, in respect thereof by (b) the number of
years (calculated to the nearest one-twelfth) that will elapse between such date and the making of
such payment by (2) the principal amount then outstanding of such Indebtedness.

     “Wholly Owned Subsidiary” means a Restricted Subsidiary of which 100% of the Equity
Interests (except for directors’ qualifying shares or certain minority interests owned by other
Persons solely due to local law requirements that there be more than one stockholder, but which
interest is not in excess of what is required for such purpose) are owned directly by the Issuer or
through one or more Wholly Owned Subsidiaries.

SECTION 1.02. Other Definitions.

     The definitions of the following terms may be found in the sections indicated as follows:

	 	 	 	 	 
	Term	 	Defined in Section
	“acceleration declaration”

	 	 	6.02	 
	“Affiliate Transaction”

	 	 	4.10	(a)
	“Agent Members”

	 	 	2.16	(a)
	“CCF Warrant Payment Date”

	 	 	4.18	(a)
	“Change of Control Offer”

	 	 	4.17	(b)
	“Change of Control Purchase Price”

	 	 	4.17	(a)
	“Covenant Defeasance”

	 	 	9.03	 
	“Coverage Ratio Exception”

	 	 	4.06	(a)
	“Designation”

	 	 	4.15	(a)
	“Designation Amount”

	 	 	4.15	(a)
	“Discount Note Guarantees”

	 	 	10.01	 
	“Events of Default”

	 	 	6.01	 
	“Excess Proceeds”

	 	 	4.09	(b)
	“Legal Defeasance”

	 	 	9.02	 
	“Net Proceeds Offer”

	 	 	4.09	(c)
	“Net Proceeds Remainder”

	 	 	4.09	(d)
	“Offered Price”

	 	 	4.09	(c)
	“Pari Passu Indebtedness Price”

	 	 	4.09	(c)
	“Paying Agent”

	 	 	2.04	(a)
	“Payment Amount”

	 	 	4.09	(c)
	“Permitted Indebtedness”

	 	 	4.06	(b)
	“RD Warrant Payment Date”

	 	 	4.18	(b)
	“Redesignation”

	 	 	4.15	(c)

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	Term	 	Defined in Section
	“Registrar”

	 	 	2.04	(a)
	“Restricted Payments Basket”

	 	 	4.08	(a)
	“Successor”

	 	 	5.01	(a)

SECTION 1.03. Incorporation by Reference of Trust Indenture Act.

     Whenever this Indenture refers to a provision of the TIA, the portion of such provision
required to be incorporated herein in order for this Indenture to be qualified under the TIA is
incorporated by reference in and made a part of this Indenture. The following TIA terms used in
this Indenture have the following meanings:

     “indenture securities” means the Discount Notes.

     “indenture securityholder” means a Holder or Discount Noteholder.

     “indenture to be qualified” means this Indenture.

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

     “obligor on the indenture securities” means the Issuer, the Guarantors or any other
obligor on the Discount Notes.

     All other terms used in this Indenture that are defined by the TIA, defined in the TIA by
reference to another statute or defined by SEC rule have the meanings therein assigned to them.

SECTION 1.04. Rules of Construction.

     Unless the context otherwise requires:

     (1) a term has the meaning assigned to it herein, whether defined expressly or by
reference;

     (2) “or” is not exclusive;

     (3) defined terms in the singular include the plural, and defined terms in the plural
include the singular;

     (4) words used herein implying any gender shall apply to both genders;

     (5) “herein,” “hereof” and other words of similar import refer to this Indenture as a
whole and not to any particular Article, Section or other Subsection;

     (6) unless otherwise specified herein, all accounting terms used herein shall be
interpreted, all accounting determinations hereunder shall be made, and all financial
statements required to be delivered hereunder shall be prepared in accordance with GAAP as
in effect from time to time, applied on a basis consistent with the most recent audited
consolidated financial statements of the Issuer;

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     (7) “$,” “U.S. Dollars” and “United States Dollars” each refer to United States
dollars, or such other money of the United States that at the time of payment is legal
tender for payment of public and private debts; and

     (8) Prior to the Separation Date, references to the Discount Notes shall be deemed
references to the Units, as the context requires.

ARTICLE TWO

THE DISCOUNT NOTES

SECTION 2.01. Amount of Discount Notes.

     (a) The Trustee shall authenticate, upon a written order of the Issuer in the form of an
Officers’ Certificate of the Issuer, the Initial Discount Notes for original issue on the Issue
Date in the aggregate principal amount not to exceed $320,000,000. The Officers’ Certificate shall
specify the principal amount of Discount Notes to be authenticated and the date on which the
Discount Notes are to be authenticated. The aggregate principal amount of Discount Notes
outstanding at any time may not exceed $320,000,000, except as provided in Section 2.08.

     (b) Upon receipt of a written order of the Issuer in the form of an Officers’ Certificate, the
Trustee shall authenticate Discount Notes in substitution for Discount Notes originally issued to
reflect any name change of the Issuer.

SECTION 2.02. Form and Dating.

     (a) The Initial Discount Notes and the Trustee’s certificate of authentication with respect
thereto shall be substantially in the form set forth in Exhibit A hereto, which is
incorporated in and forms a part of this Indenture. The Exchange Discount Notes and the Trustee’s
certificate of authentication thereon shall be substantially in the form of Exhibit B
hereto. The Discount Notes may have notations, legends or endorsements required by law, rule or
usage to which the Issuer is subject. Each Discount Note shall be dated the date of its
authentication.

     (b) The terms and provisions contained in the Discount Notes shall constitute, and are
expressly made, a part of this Indenture and, to the extent applicable, the Issuer, any Guarantors
and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms
and provisions and agree to be bound thereby.

     (c) The Discount Notes may be presented for registration of transfer and exchange at the
offices of the Registrar.

SECTION 2.03. Execution and Authentication.

     (a) Two Officers shall sign, or one Officer shall sign and one Officer (each of whom shall, in
each case, have been duly authorized by all requisite corporate actions) shall attest to, the
Discount Notes for the Issuer by manual or facsimile signature.

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     (b) If an Officer whose signature is on a Discount Note was an Officer at the time of such
execution but no longer holds that office at the time the Trustee authenticates the Discount Note,
the Discount Note shall be valid nevertheless.

     (c) No Discount Note shall be entitled to any benefit under this Indenture or be valid or
obligatory for any purpose unless there appears on such Discount Note a certificate of
authentication substantially in the form provided for herein executed by the Trustee by manual
signature, and such certificate upon any Discount Note shall be conclusive evidence, and the only
evidence, that such Discount Note has been duly authenticated and delivered hereunder.
Notwithstanding the foregoing, if any Discount Note shall have been authenticated and delivered
hereunder but never issued and sold by the Issuer, and the Issuer shall deliver such Discount Note
to the Trustee for cancellation as provided in Section 2.12, for all purposes of this
Indenture such Discount Note shall be deemed never to have been authenticated and delivered
hereunder and shall never be entitled to the benefits of this Indenture.

     (d) The Trustee may appoint an authenticating agent reasonably acceptable to the Issuer to
authenticate the Discount Notes. Unless otherwise provided in the appointment, an authenticating
agent may authenticate the Discount Notes whenever the Trustee may do so. Each reference in this
Indenture to authentication by the Trustee includes authentication by such agent. An
authenticating agent has the same rights as an Agent to deal with the Issuer and Affiliates of the
Issuer. Each Paying Agent is designated as an authenticating agent for purposes of this Indenture.

     (e) The Discount Notes shall be issuable only in registered form without coupons in
denominations of $1,000 and integral multiples of $1,000.

SECTION 2.04. Registrar and Paying Agent.

     (a) The Issuer shall maintain an office or agency where Discount Notes may be presented for
registration of transfer or for exchange (the “Registrar”), and an office or agency where
Discount Notes may be presented for payment (the “Paying Agent”) and an office or agency
where notices and demands to or upon the Issuer, if any, in respect of the Discount Notes and this
Indenture may be served. The Registrar shall keep a register of the Discount Notes and of their
transfer and exchange. The Issuer may have one or more additional Paying Agents. The term “Paying
Agent” includes any additional Paying Agents. The Issuer may change any Paying Agent or Registrar
without prior notice to the Trustee or the Holders. Neither the Issuer nor any Affiliate thereof
may act as Paying Agent.

     (b) The Issuer shall enter into an appropriate agency agreement, which shall incorporate the
provisions of the TIA, with any Agent that is not a party to this Indenture. The agreement shall
implement the provisions of this Indenture that relate to such Agent. The Issuer shall notify the
Trustee of the name and address of any such Agent. If the Issuer fails to maintain a Registrar or
Paying Agent or fails to give the foregoing notice, the Trustee shall act as such and shall be
entitled to appropriate compensation in accordance with Section 7.07.

     (c) The Issuer initially appoints the Trustee as Registrar, Paying Agent and Agent for service
of notices and demands in connection with the Discount Notes and this Indenture.

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SECTION 2.05. Paying Agent To Hold Money in Trust.

     Each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money
held by the Paying Agent for the payment of principal of or interest (including Additional
Interest, if any) on the Discount Notes (whether such money has been paid to it by the Issuer or
any other obligor on the Discount Notes or any Guarantor), and the Issuer and the Paying Agent
shall notify the Trustee of any default by the Issuer (or any other obligor on the Discount Notes)
in making any such payment. Money held in trust by the Paying Agent need not be segregated except
as required by law and in no event shall the Paying Agent be liable for any interest on any money
received by it hereunder. The Issuer at any time may require the Paying Agent to pay all money
held by it to the Trustee and account for any funds disbursed and the Trustee may at any time
during the continuance of any Event of Default specified in Section 6.01(1) or (2),
upon written request to the Paying Agent, require such Paying Agent to pay forthwith all money so
held by it to the Trustee and to account for any funds disbursed. Upon making such payment, the
Paying Agent shall have no further liability for the money delivered to the Trustee.

SECTION 2.06. Holder Lists.

     The Trustee shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of the Holders. If the Trustee is not the
Registrar, the Issuer shall furnish to the Trustee at least five Business Days before each Interest
Payment Date, and at such other times as the Trustee may request in writing, a list in such form
and as of such date as the Trustee may reasonably require of the names and addresses of the
Holders.

SECTION 2.07. Transfer and Exchange.

     (a) Transfer and Exchange of Global Discount Notes. A Global Discount Note may not be
transferred as a whole except by the Depository to a nominee of the Depository, by a nominee of the
Depository to the Depository or to another nominee of the Depository, or by the Depository or any
such nominee to a successor Depository or a nominee of such successor Depository. Owners of
beneficial interests in Global Discount Notes shall not be entitled to receive Definitive Discount
Notes unless:

     (1) the Issuer delivers to the Trustee and the Registrar notice from the Depository
that it is unwilling or unable to continue to act as Depository or that it is no longer a
clearing agency registered under the Exchange Act and, in either case, a successor
Depository is not appointed by the Issuer within 90 days after the date of such notice from
the Depository;

     (2) the Issuer in its sole discretion determines that the Global Discount Notes (in
whole but not in part) should be exchanged for Definitive Discount Notes and delivers a
written notice to such effect to the Trustee and the Registrar; provided, that in no
event shall the Regulation S Global Discount Note be exchanged by the Issuer for Definitive
Discount Notes prior to (x) the expiration of the Restricted Period and (y) the receipt by
the Registrar of any certificates required pursuant to Rule 903(c)(3)(ii)(B) under the
Securities Act; or

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     (3) there has occurred and is continuing an Event of Default and the Depository
notifies the Trustee and the Registrar of its decision to exchange the Global Discount Notes
for Definitive Discount Notes; provided, that in no event shall the Regulation S
Global Discount Note be exchanged by the Issuer for Definitive Discount Notes prior to (x)
the expiration of the Restricted Period and (y) the receipt by the Registrar of any
certificates required pursuant to Rule 903(c)(3)(ii)(B) under the Securities Act.

     Upon the occurrence of any of the preceding events in (1), (2) or (3) above, Definitive
Discount Notes shall be issued in such names as the Depository shall instruct the Trustee and the
Registrar. Global Discount Notes also may be exchanged or replaced, in whole or in part, as
provided in Sections 2.08 and 2.11 hereof. Every Discount Note authenticated and
delivered in exchange for, or in lieu of, a Global Discount Note or any portion thereof, pursuant
to this Section 2.07, Section 2.09 or Section 2.11 hereof, shall be
authenticated and delivered in the form of, and shall be, a Global Discount Note. A Global
Discount Note may not be exchanged for another Discount Note other than as provided in this
Section 2.07(a); however, beneficial interests in a Global Discount Note may be transferred
and exchanged as provided in Sections 2.07(b), (c) or (f) hereof.

     (b) Transfer and Exchange of Beneficial Interests in the Global Discount Notes. The
transfer and exchange of beneficial interests in the Global Discount Notes shall be effected
through the Depository, in accordance with the provisions of this Indenture and the Applicable
Procedures. Beneficial interests in the Restricted Global Discount Notes shall be subject to
restrictions on transfer comparable to those set forth herein, including those set forth in the
Private Placement Legend to the extent required by the Securities Act. Transfers of beneficial
interests in the Global Discount Notes also shall require compliance with either subparagraph
(1) or (2) below, as applicable, as well as one or more of the other following
subparagraphs, as applicable:

          (1) Transfer of Beneficial Interests in the Same Global Discount Note. Beneficial
interests in any Restricted Global Discount Note may be transferred to Persons who take delivery
thereof in the form of a beneficial interest in the same Restricted Global Discount Note in
accordance with the transfer restrictions set forth in the Private Placement Legend;
provided, that prior to the expiration of the Restricted Period, transfers of beneficial
interests in the Regulation S Global Discount Note may not be to a U.S. Person or for the account
or benefit of a U.S. Person. Beneficial interests in any Unrestricted Global Discount Note may be
transferred to Persons who take delivery thereof in the form of a beneficial interest in an
Unrestricted Global Discount Note. No written orders or instructions shall be required to be
delivered to the Registrar to effect the transfers described in this Section 2.07(b)(1).

          (2) All Other Transfers and Exchanges of Beneficial Interests in Global Discount
Notes. In connection with all transfers and exchanges of beneficial interests that are not
subject to Section 2.07(b)(1) above, the transferor of such beneficial interest must
deliver to the Registrar either:

38

 

          (A) (i) a written order from a Participant or an Indirect Participant given to the
Depository in accordance with the Applicable Procedures directing the Depository to credit
or cause to be credited a beneficial interest in another Global Discount Note in an amount
equal to the beneficial interest to be transferred or exchanged; and

               (ii) instructions given in accordance with the Applicable Procedures containing
information regarding the Participant account to be credited with such increase; or

          (B) (i) a written order from a Participant or an Indirect Participant given to the
Depository in accordance with the Applicable Procedures directing the Depository to cause to
be issued a Definitive Discount Note in an amount equal to the beneficial interest to be
transferred or exchanged; and

               (ii) instructions given by the Depository to the Registrar containing information
regarding the Person in whose name such Definitive Discount Note shall be registered to
effect the transfer or exchange referred to in Section 2.07(b)(2)(B)(i) above;
provided, that in no event shall Definitive Discount Notes be issued upon the
transfer or exchange of beneficial interests in the Regulation S Global Discount Note prior
to (x) the expiration of the Restricted Period and (y) the receipt by the Registrar of any
certificates required pursuant to Rule 903 under the Securities Act. Upon consummation of a
Exchange Offer by the Issuer in accordance with Section 2.07(f) hereof, the
requirements of this Section 2.07(b)(2) shall be deemed to have been satisfied upon
receipt by the Registrar of the instructions contained in the letter of transmittal
delivered by the Holder of such beneficial interests in the Restricted Global Discount
Notes. Upon satisfaction of all of the requirements for transfer or exchange of beneficial
interests in Global Discount Notes contained in this Indenture, the Discount Notes or
otherwise applicable under the Securities Act, the Registrar shall adjust the principal
amount of the relevant Global Discount Note(s) pursuant to Section 2.07(h) hereof.

          (3) Transfer of Beneficial Interests to Another Restricted Global Discount Note. A
beneficial interest in any Restricted Global Discount Note may be transferred to a Person who takes
delivery thereof in the form of a beneficial interest in another Restricted Global Discount Note if
the transfer complies with the requirements of Section 2.07(b)(2) above and the Registrar
receives the following:

          (A) if the transferee will take delivery in the form of a beneficial interest in the
144A Global Discount Note, then the transferor must deliver a certificate in the form of
Exhibit C hereto, including the certifications in item (1) thereof;

          (B) if the transferee will take delivery in the form of a beneficial interest in the
Regulation S Global Discount Note, then the transferor must deliver a certificate in the
form of Exhibit C hereto, including the certifications in item (2) thereof; and

39

 

          (C) if the transferee will take delivery in the form of a beneficial interest in the
IAI Global Discount Note, then the transferor must deliver a certificate in the form of
Exhibit C hereto, including the certifications and certificates and Opinion of
Counsel required by (3) thereof, in each case, if applicable.

     (4) Transfer and Exchange of Beneficial Interests in a Restricted Global Discount Note for
Beneficial Interests in the Unrestricted Global Discount Note. A beneficial interest in any
Restricted Global Discount Note may be exchanged by any holder thereof for a beneficial interest in
an Unrestricted Global Discount Note or transferred to a Person who takes delivery thereof in the
form of a beneficial interest in an Unrestricted Global Discount Note if the exchange or transfer
complies with the requirements of Section 2.07(b)(2) above and:

          (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance
with the Registration Rights Agreement and the holder of the beneficial interest to be
transferred, in the case of an exchange, or the transferee, in the case of a transfer,
certifies in the applicable letter of transmittal or via the Depository’s book-entry system
that it is not (i) a broker-dealer, (ii) a Person participating in the distribution of the
Exchange Discount Notes or (iii) a Person who is an affiliate (as defined in Rule 144) of
the Issuer;

          (B) such transfer is effected pursuant to the shelf registration statement in
accordance with the Registration Rights Agreement;

          (C) such transfer is effected by an exchanging broker-dealer pursuant to the Exchange
Registration Statement in accordance with the Registration Rights Agreement; or

          (D) the Registrar receives the following:

     (i) if the holder of such beneficial interest in a Restricted Global Discount
Note proposes to exchange such beneficial interest for a beneficial interest in an
Unrestricted Global Discount Note, a certificate from such holder in the form of
Exhibit D hereto, including the certifications in item (1)(a) thereof; or

     (ii) if the holder of such beneficial interest in a Restricted Global Discount
Note proposes to transfer such beneficial interest to a Person who shall take
delivery thereof in the form of a beneficial interest in an Unrestricted Global
Discount Note, a certificate from such holder in the form of Exhibit C
hereto, including the certifications in item (4) thereof;

and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the
Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the
Registrar and the Issuer to the effect that such exchange or transfer is in compliance with the
Securities Act and state “blue sky” laws and that the restrictions on transfer contained herein and

40

 

in the Private Placement Legend are no longer required in order to maintain compliance with the
Securities Act.

     If any such transfer is effected pursuant to subparagraph (B) or (D) above at a time when an
Unrestricted Global Discount Note has not yet been issued, the Issuer shall issue and, upon receipt
of an Authentication Order in accordance with Section 2.03 hereof, the Trustee shall
authenticate one or more Unrestricted Global Discount Notes in an aggregate principal amount equal
to the aggregate principal amount of beneficial interests transferred pursuant to subparagraph (B)
or (D) above.

     Beneficial interests in an Unrestricted Global Discount Note cannot be exchanged for, or
transferred to Persons who take delivery thereof in the form of, a beneficial interest in a
Restricted Global Discount Note.

     (c) Transfer or Exchange of Beneficial Interests for Definitive Discount Notes.

          (1) Beneficial Interests in Restricted Global Discount Notes to Restricted Definitive Discount
Notes. If any holder of a beneficial interest in a Restricted Global Discount Note proposes to
exchange such beneficial interest for a Restricted Definitive Discount Note or to transfer such
beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive
Discount Note, then, upon receipt by the Registrar of the following documentation:

          (A) if the holder of such beneficial interest in a Restricted Global Discount Note
proposes to exchange such beneficial interest for a Restricted Definitive Discount Note, a
certificate from such holder in the form of Exhibit D hereto, including the
certifications in item (2)(a) thereof;

          (B) if such beneficial interest is being transferred to a QIB in accordance with Rule
144A under the Securities Act, a certificate to the effect set forth in Exhibit C
hereto, including the certifications in item (1) thereof;

          (C) if such beneficial interest is being transferred to a Non-U.S. Person in an
offshore transaction in accordance with Rule 903 or Rule 904 under the Securities Act, a
certificate to the effect set forth in Exhibit C hereto, including the
certifications in item (2) thereof;

          (D) if such beneficial interest is being transferred pursuant to an exemption from the
registration requirements of the Securities Act in accordance with Rule 144 under the
Securities Act, a certificate to the effect set forth in Exhibit C hereto, including
the certifications in item (3)(a) thereof;

          (E) if such beneficial interest is being transferred to the Issuer or any of its
Subsidiaries, a certificate to the effect set forth in Exhibit C hereto, including
the certifications in item (3)(b) thereof; or

41

 

          (F) if such beneficial interest is being transferred pursuant to an effective
registration statement under the Securities Act, a certificate to the effect set forth in
Exhibit C hereto, including the certifications in item (3)(c) thereof,

the Registrar shall cause the aggregate principal amount of the applicable Global Discount Note to
be reduced accordingly pursuant to Section 2.07(h) hereof, and the Issuer shall execute and
the Trustee shall authenticate and deliver to the Person designated in the instructions a
Definitive Discount Note in the appropriate principal amount. Any Definitive Discount Note issued
in exchange for a beneficial interest in a Restricted Global Discount Note pursuant to this
Section 2.07(c) shall be registered in such name or names and in such authorized
denomination or denominations as the holder of such beneficial interest shall instruct the
Registrar through instructions from the Depository and the Participant or Indirect Participant.
The Trustee shall deliver such Definitive Discount Notes to the Persons in whose names such
Discount Notes are so registered. Any Definitive Discount Note issued in exchange for a beneficial
interest in a Restricted Global Discount Note pursuant to this Section 2.07(c)(1) shall
bear the Private Placement Legend and shall be subject to all restrictions on transfer contained
therein. Notwithstanding Sections 2.07(c)(1)(A) and (C) hereof, a beneficial
interest in the Regulation S Global Discount Note may not be exchanged for a Definitive Discount
Note or transferred to a Person who takes delivery thereof in the form of a Definitive Discount
Note prior to (x) the expiration of the Restricted Period and (y) the receipt by the Registrar of
any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act, except in the
case of a transfer pursuant to an exemption from the registration requirements of the Securities
Act other than Rule 903 or Rule 904.

          (2) Beneficial Interests in Restricted Global Discount Notes to Unrestricted Definitive
Discount Notes. A holder of a beneficial interest in a Restricted Global Discount Note may
exchange such beneficial interest for an Unrestricted Definitive Discount Note or may transfer such
beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted
Definitive Discount Note only if:

          (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance
with the Registration Rights Agreement and the holder of such beneficial interest, in the
case of an exchange, or the transferee, in the case of a transfer, certifies in the
applicable letter of transmittal that it is not (i) a broker-dealer, (ii) a Person
participating in the distribution of the Exchange Discount Notes or (iii) a Person who is an
affiliate (as defined in Rule 144) of the Issuer;

          (B) such transfer is effected pursuant to the shelf registration statement in
accordance with the Registration Rights Agreement;

          (C) such transfer is effected by an exchanging broker-dealer pursuant to the Exchange
Registration Statement in accordance with the Registration Rights Agreement; or

          (D) the Registrar receives the following:

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     (i) if the holder of such beneficial interest in a Restricted Global Discount
Note proposes to exchange such beneficial interest for a Definitive Discount Note
that does not bear the Private Placement Legend, a certificate from such holder in
the form of Exhibit D hereto, including the certifications in item (1)(b)
thereof; or

     (ii) if the holder of such beneficial interest in a Restricted Global Discount
Note proposes to transfer such beneficial interest to a Person who shall take
delivery thereof in the form of a Definitive Discount Note that does not bear the
Private Placement Legend, a certificate from such holder in the form of Exhibit
C hereto, including the certifications in item (4) thereof;

and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the
Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the
Registrar and the Issuer to the effect that such exchange or transfer is in compliance with the
Securities Act and state “blue sky” laws and that the restrictions on transfer contained herein and
in the Private Placement Legend are no longer required in order to maintain compliance with the
Securities Act.

          (3) Beneficial Interests in Unrestricted Global Discount Notes to Unrestricted Definitive
Discount Notes. If any holder of a beneficial interest in an Unrestricted Global Discount Note
proposes to exchange such beneficial interest for a Definitive Discount Note or to transfer such
beneficial interest to a Person who takes delivery thereof in the form of a Definitive Discount
Note, then, upon satisfaction of the conditions set forth in Section 2.07(b)(3) hereof, the
Registrar shall cause the aggregate principal amount of the applicable Global Discount Note to be
reduced accordingly pursuant to Section 2.07(h) hereof, and the Issuer shall execute and
the Trustee shall authenticate and deliver to the Person designated in the instructions a
Definitive Discount Note in the appropriate principal amount. Any Definitive Discount Note issued
in exchange for a beneficial interest pursuant to this Section 2.07(c)(3) shall be
registered in such name or names and in such authorized denomination or denominations as the holder
of such beneficial interest shall instruct the Registrar through instructions from the Depository
and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Discount
Notes to the Persons in whose names such Discount Notes are so registered. Any Definitive Discount
Note issued in exchange for a beneficial interest pursuant to this Section 2.07(c)(3) shall
not bear the Private Placement Legend.

     (d) Transfer and Exchange of Definitive Discount Notes for Beneficial Interests.

          (1) Restricted Definitive Discount Notes to Beneficial Interests in Restricted Global
Discount Notes. If any Holder of a Restricted Definitive Discount Note proposes to exchange
such Discount Note for a beneficial interest in a Restricted Global Discount Note or to transfer
such Restricted Definitive Discount Note to a Person who takes delivery thereof in the form of a
beneficial interest in a Restricted Global Discount Note, then, upon receipt by the Registrar of
the following documentation:

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          (A) if the Holder of such Restricted Definitive Discount Note proposes to exchange such
Discount Note for a beneficial interest in a Restricted Global Discount Note, a certificate
from such Holder in the form of Exhibit D hereto, including the certifications in
item (2)(b) thereof;

          (B) if such Restricted Definitive Discount Note is being transferred to a QIB in
accordance with Rule 144A under the Securities Act, a certificate to the effect set forth in
Exhibit C hereto, including the certifications in item (1) thereof;

          (C) if such Restricted Definitive Discount Note is being transferred to a Non-U.S.
Person in an offshore transaction in accordance with Rule 903 or Rule 904 under the
Securities Act, a certificate to the effect set forth in Exhibit C hereto, including
the certifications in item (2) thereof;

          (D) if such Restricted Definitive Discount Note is being transferred pursuant to an
exemption from the registration requirements of the Securities Act in accordance with Rule
144 under the Securities Act, a certificate to the effect set forth in Exhibit C
hereto, including the certifications in item (3)(a) thereof;

          (E) if such Restricted Definitive Discount Note is being transferred to the Issuer or
any of its Subsidiaries, a certificate to the effect set forth in Exhibit C hereto,
including the certifications in item (3)(b) thereof;

          (F) if such Restricted Definitive Discount Note is being transferred pursuant to an
effective registration statement under the Securities Act, a certificate to the effect set
forth in Exhibit C hereto, including the certifications in item (3)(c) thereof; or

          (G) if such Restricted Definitive Discount Note is being transferred to an
Institutional Accredited Investor, a certificate to the effect set forth in Exhibit
C hereto, including the certifications and certificates and Opinion of Counsel required
by item (3)(d) thereof, in each case, if applicable,

the Trustee shall cancel the Restricted Definitive Discount Note, the Registrar shall increase or
cause to be increased the aggregate principal amount of, in the case of clause (A) above, the
appropriate Restricted Global Discount Note, in the case of clause (B) above, the 144A Global
Discount Note, and in the case of clause (C) above, the Regulation S Global Discount Note.

          (2) Restricted Definitive Discount Notes to Beneficial Interests in Unrestricted Global
Discount Notes. A Holder of a Restricted Definitive Discount Note may exchange such Discount
Note for a beneficial interest in an Unrestricted Global Discount Note or transfer such Restricted
Definitive Discount Note to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Discount Note only if:

          (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance
with the Registration Rights Agreement and the Holder, in the case of an exchange, or the
transferee, in the case of a transfer, certifies in the applicable letter

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of transmittal that it is not (1) a broker-dealer, (2) a Person participating in the
distribution of the Exchange Discount Notes or (3) a Person who is an affiliate (as defined
in Rule 144) of the Issuer;

          (B) such transfer is effected pursuant to the shelf registration statement in
accordance with the Registration Rights Agreement;

          (C) such transfer is effected by an exchanging broker-dealer pursuant to the Exchange
Registration Statement in accordance with the Registration Rights Agreement; or

          (D) the Registrar receives the following:

     (i) if the Holder of such Definitive Discount Notes proposes to exchange such
Discount Notes for a beneficial interest in the Unrestricted Global Discount Note, a
certificate from such Holder in the form of Exhibit D hereto, including the
certifications in item (1)(c) thereof; or

     (ii) if the Holder of such Definitive Discount Notes proposes to transfer such
Discount Notes to a Person who shall take delivery thereof in the form of a
beneficial interest in the Unrestricted Global Discount Note, a certificate from
such Holder in the form of Exhibit C hereto, including the certifications in
item (4) thereof;

and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the
Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the
Registrar and the Issuer to the effect that such exchange or transfer is in compliance with the
Securities Act and state “blue sky” laws and that the restrictions on transfer contained herein and
in the Private Placement Legend are no longer required in order to maintain compliance with the
Securities Act.

     Upon satisfaction of the conditions of any of the subparagraphs in this Section
2.07(d)(2), the Trustee shall cancel the Definitive Discount Notes and the Registrar shall
increase or cause to be increased the aggregate principal amount of the Unrestricted Global
Discount Note.

          (3) Unrestricted Definitive Discount Notes to Beneficial Interests in Unrestricted Global
Discount Notes. A Holder of an Unrestricted Definitive Discount Note may exchange such
Discount Note for a beneficial interest in an Unrestricted Global Discount Note or transfer such
Definitive Discount Note to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Discount Note at any time. Upon receipt of a request for such
an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Discount
Note and the Registrar shall increase or cause to be increased the aggregate principal amount of
one of the Unrestricted Global Discount Notes.

     If any such exchange or transfer from a Definitive Discount Note to a beneficial interest is
effected pursuant to subparagraphs (2)(B), (2)(D) or (3) above at a time when an Unrestricted

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Global Discount Note has not yet been issued, the Issuer shall issue and, upon receipt of an
Authentication Order in accordance with Section 2.03 hereof, the Trustee shall authenticate
one or more Unrestricted Global Discount Notes in an aggregate principal amount equal to the
principal amount of Definitive Discount Notes so transferred.

     (e) Transfer and Exchange of Definitive Discount Notes for Definitive Discount Notes.
Upon request by a Holder of Definitive Discount Notes and such Holder’s compliance with the
provisions of this Section 2.07(e), the Registrar shall register the transfer or
exchange of Definitive Discount Notes. Prior to such registration of transfer or exchange, the
requesting Holder shall present or surrender to the Registrar the Definitive Discount Notes duly
endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar
duly executed by such Holder or by his attorney, duly authorized in writing. In addition, the
requesting Holder shall provide any additional certifications, documents and information, as
applicable, required pursuant to the following provisions of this Section 2.07(e).

          (1) Restricted Definitive Discount Notes to Restricted Definitive Discount Notes. Any
Restricted Definitive Discount Note may be transferred to and registered in the name of Persons who
take delivery thereof in the form of a Restricted Definitive Discount Note if the Registrar
receives the following:

          (A) if the transfer will be made pursuant to Rule 144A under the Securities Act, then
the transferor must deliver a certificate in the form of Exhibit C hereto, including
the certifications in item (1) thereof;

          (B) if the transfer will be made pursuant to Rule 903 or Rule 904, then the transferor
must deliver a certificate in the form of Exhibit C hereto, including the
certifications in item (2) thereof; and

          (C) if the transfer will be made pursuant to any other exemption from the registration
requirements of the Securities Act, then the transferor must deliver a certificate in the
form of Exhibit C hereto, including the certifications, certificates and Opinion of
Counsel required by item (3) thereof, if applicable.

          (2) Restricted Definitive Discount Notes to Unrestricted Definitive Discount Notes.
Any Restricted Definitive Discount Note may be exchanged by the Holder thereof for an Unrestricted
Definitive Discount Note or transferred to a Person or Persons who take delivery thereof in the
form of an Unrestricted Definitive Discount Note if:

          (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance
with the Registration Rights Agreement and the Holder, in the case of an exchange, or the
transferee, in the case of a transfer, certifies in the applicable letter of transmittal
that it is not (1) a broker-dealer, (2) a Person participating in the distribution of the
Exchange Discount Notes or (3) a Person who is an affiliate (as defined in Rule 144) of the
Issuer;

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          (B) any such transfer is effected pursuant to the shelf registration statement in
accordance with the Registration Rights Agreement;

          (C) any such transfer is effected by an Exchanging-Dealer pursuant to the Exchange
Registration Statement in accordance with the Registration Rights Agreement; or

          (D) the Registrar receives the following:

     (i) if the Holder of such Restricted Definitive Discount Notes proposes to
exchange such Discount Notes for an Unrestricted Definitive Discount Note, a
certificate from such Holder in the form of Exhibit D hereto, including the
certifications in item (1)(d) thereof; or

     (ii) if the Holder of such Restricted Definitive Discount Note proposes to
transfer such Discount Notes to a Person who shall take delivery thereof in the form
of an Unrestricted Definitive Discount Note, a certificate from such Holder in the
form of Exhibit C hereto, including the certifications in item (4) thereof;

and, in each such case set forth in this subparagraph (D), if the Registrar so requests, an Opinion
of Counsel in form reasonably acceptable to the Registrar and the Issuer to the effect that such
exchange or transfer is in compliance with the Securities Act and state “blue sky” laws and that
the restrictions on transfer contained herein and in the Private Placement Legend are no longer
required in order to maintain compliance with the Securities Act.

          (3) Unrestricted Definitive Discount Notes to Unrestricted Definitive Discount Notes.
A Holder of Unrestricted Definitive Discount Notes may transfer such Discount Notes to a Person who
takes delivery thereof in the form of an Unrestricted Definitive Discount Note. Upon receipt of a
request to register such a transfer, the Registrar shall register the Unrestricted Definitive
Discount Note pursuant to the instructions from the Holder thereof.

     (f) Exchange Offer. Upon the occurrence of the Exchange Offer in accordance with the
Registration Rights Agreement, the Issuer shall issue and, upon receipt of an Authentication Order
in accordance with Section 2.03, the Trustee shall authenticate:

     (A) one or more Unrestricted Global Discount Notes in an aggregate principal amount
equal to the principal amount of the beneficial interests in the Restricted Global Discount
Notes tendered for acceptance by Persons that certify in the applicable letters of
transmittal, among other things, that (i) they are not broker-dealers, (ii) they are not
participating in a distribution of the Exchange Discount Notes and (iii) they are not
affiliates (as defined in Rule 144) of the Issuer, and accepted for exchange in the Exchange
Offer; and

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     (B) Unrestricted Definitive Discount Notes in an aggregate principal amount equal to
the principal amount of the Restricted Definitive Discount Notes accepted for exchange in
the Exchange Offer.

     Concurrently with the issuance of such Discount Notes, the Registrar shall cause the aggregate
principal amount of the applicable Restricted Global Discount Notes to be reduced accordingly, and
the Issuer shall execute and the Trustee shall authenticate, and deliver to the Persons designated
by the Holders of Definitive Discount Notes so accepted, Definitive Discount Notes in the
appropriate principal amount.

     (g) Legends. The following legends shall appear on the face of all Global Discount
Notes and Definitive Discount Notes issued under this Indenture unless specifically stated
otherwise in the applicable provisions of this Indenture.

          (1) Private Placement Legend.

     (A) Except as permitted by subparagraph (B) below, each Global Discount Note and each
Definitive Discount Note (and all Discount Notes issued in exchange therefor or substitution
thereof) shall bear the legend in substantially the following form:

     “This security has not been registered under the Securities Act of 1933, as amended (the
“Securities Act”), or any state securities laws. Neither this security nor any interest or
participation herein may be reoffered, sold, assigned, transferred, pledged, encumbered or
otherwise disposed of in the absence of such registration unless such transaction is exempt from,
or not subject to, such registration.

     The Holder of this security, by its acceptance hereof,

     (1) represents that (a) it is a “qualified institutional buyer” (as defined in Rule 144A under
the Securities Act), (b) it is a non-U.S. person and is acquiring this security in an offshore
transaction within the meaning of Regulation S under the Securities Act or (c) it is an
institutional “accredited investor” within the meaning of subparagraph (a)(1), (2), (3) or (7) of
Rule 501 under the Securities Act, and

     (2) agrees not to offer, sell or otherwise transfer this security or any interest or
participation herein, prior to the date (the “Resale Restriction Termination Date”) which
is two years after the later of the original issue date hereof and the last date on which the
Issuer or any affiliate of the Issuer was the owner of this security (or any predecessor of this
security) except (a) to the Issuer or any Subsidiary thereof, (b) for so long as the securities are
eligible for resale pursuant to Rule 144A under the Securities Act, to a person it reasonably
believes is a “qualified institutional buyer” as defined in Rule 144A under the Securities Act that
purchases for its own account or for the account of a qualified institutional buyer, to which
notice is given that the transfer is being made in reliance on Rule 144A or (c) pursuant to another
available exemption from the registration requirements of the Securities Act, subject to the
Issuer’s and the Trustee’s right prior to any such offer, sale or transfer pursuant to this clause
(c) to require the delivery of an

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opinion of counsel, certification and/or other information reasonably satisfactory to each of
them. In each of the foregoing cases, a certificate of transfer in the form appearing on the other
side of this security shall be completed and delivered by the transferor to the Trustee.

     This legend will be removed upon the request of the Holder after the Resale Restriction
Termination Date.”

          (B) Notwithstanding the foregoing, any Global Discount Note or Definitive Discount Note
issued pursuant to subparagraphs (b)(4), (c)(2), (c)(3), (d)(2), (d)(3), (e)(2), (e)(3) or
(f) to this Section 2.07 (and all Discount Notes issued in exchange therefor or
substitution thereof) shall not bear the Private Placement Legend.

          (2) Global Discount Note Legend. Each Global Discount Note shall bear a legend in
substantially the following form:

          “This Global Discount Note is held by the Depository (as defined in the
Indenture governing this note) or its nominee in custody for the benefit of the
beneficial owners hereof, and is not transferable to any person under any
circumstances except that (i) the Registrar may make such notations hereon as may
be required pursuant to Section 2.07 of the Indenture, (ii) this Global
Discount Note may be exchanged in whole but not in part pursuant to Section
2.07(a) of the Indenture, (iii) this Global Discount Note may be delivered to
the Trustee for cancellation pursuant to Section 2.12 of the Indenture and
(iv) this Global Discount Note may be transferred to a successor Depository with
the prior written consent of the Issuer.

          Unless and until it is exchanged in whole or in part for Discount Notes in
definitive form, this Discount Note may not be transferred except as a whole by the
Depository to a nominee of the Depository or by a nominee of the Depository to the
Depository or another nominee of the Depository or by the Depository or any such
nominee to a successor Depository or a nominee of such successor Depository.
Unless this certificate is presented by an authorized representative of the
Depository Trust Company (“DTC”) to the Issuer or its agent for
registration of transfer, exchange or payment, and any certificate issued is
registered in the name of Cede & Co. or such other name as may be requested by and
authorized representative of DTC (and any payment is made to Cede & Co. or such
other entity as may be requested by an authorized representative of DTC), any
transfer, pledge or other use hereof for value or otherwise by or to any person is
wrongful inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.”

     (h) Cancellation and/or Adjustment of Global Discount Notes. At such time as all
beneficial interests in a particular Global Discount Note have been exchanged for Definitive
Discount Notes or a particular Global Discount Note has been redeemed, repurchased or canceled in
whole and not in part, each such Global Discount Note shall be returned to or

49

 

retained and canceled by the Trustee in accordance with Section 2.12 hereof. At any time
prior to such cancellation, if any beneficial interest in a Global Discount Note is exchanged for
or transferred to a Person who will take delivery thereof in the form of a beneficial interest in
another Global Discount Note or for Definitive Discount Notes, the principal amount of Discount
Notes represented by such Global Discount Note shall be reduced accordingly and an endorsement
shall be made on such Global Discount Note by the Registrar or by the Depository at the direction
of the Registrar to reflect such reduction; and if the beneficial interest is being exchanged for
or transferred to a Person who will take delivery thereof in the form of a beneficial interest in
another Global Discount Note, such other Global Discount Note shall be increased accordingly and an
endorsement shall be made on such Global Discount Note by the Registrar or by the Depository at the
direction of the Registrar to reflect such increase.

     (i) General Provisions Relating to Transfers and Exchanges.

          (1) To permit registrations of transfers and exchanges, the Issuer shall execute and the
Trustee shall authenticate Global Discount Notes and Definitive Discount Notes upon the Issuer’s
order or at the Registrar’s request.

          (2) No service charge shall be made to a holder of a beneficial interest in a Global Discount
Note or to a Holder of a Definitive Discount Note for any registration of transfer or exchange, but
the Issuer may require payment of a sum sufficient to cover any transfer tax or similar
governmental charge or other fee required by law and payable in connection therewith (other than
any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant
to Sections 2.11, 3.01, 3.06, 4.09 and 4.17 hereof).

          (3) The Registrar or co-registrar shall not be required to register the transfer of or
exchange of (A) any Definitive Discount Note selected for redemption in whole or in part pursuant
to Article III hereof, except the unredeemed portion of any Definitive Discount Note being
redeemed in part or (B) any Discount Note for a period beginning (1) 15 Business Days before the
mailing of a notice of an offer to repurchase or redeem Discount Notes and ending at the close of
business on the day of such mailing or (2) 15 Business Days before an Interest Payment Date and
ending on such Interest Payment Date.

          (4) All Global Discount Notes and Definitive Discount Notes issued upon any registration of
transfer or exchange of Global Discount Notes or Definitive Discount Notes shall be the valid
obligations of the Issuer, evidencing the same debt, and entitled to the same benefits under this
Indenture, as the Global Discount Notes or Definitive Discount Notes surrendered upon such
registration of transfer or exchange.

          (5) None of the Issuer, the Trustee or the Registrar shall be required (A) to issue, to
register the transfer of or to exchange any Discount Notes during a period of 15 days before the
day of any selection of Discount Notes for redemption under Section 3.02 hereof and ending
at the close of business on the day of selection, (B) to register the transfer of or to exchange
any Discount Notes so selected for redemption in whole or in part, except the unredeemed portion of
any Discount Note being redeemed in part or (C) to register the transfer

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of or to exchange a Discount Note between a record date and the next succeeding Interest
Payment Date.

          (6) Prior to the due presentation for registration of transfer of any Discount Note, the
Issuer, the Trustee, the Paying Agent, the Registrar or any co-registrar may deem and treat the
Person in whose name a Discount Note is registered as the absolute owner of such Discount Note for
the purpose of receiving payment of principal, interest (including Additional Interest, if any) on
such Discount Note and for all other purposes whatsoever, whether or not such Discount Note is
overdue, and none of the Issuer, the Trustee, the Paying Agent, the Registrar or any co-registrar
shall be affected by notice to the contrary.

          (7) Except as otherwise set forth in this Indenture or a Global Discount Note, owners of
beneficial interests in a Global Discount Note will not be entitled to any rights under this
Indenture with respect to such Global Discount Note, and the Depository or, if applicable, its
nominee in whose name such Global Discount Note is registered, may be treated by the Issuer, the
Trustees and any agent of the Issuer or the Trustees as the owner and Holder of such Global
Discount Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall
prevent the Issuer, the Trustees or any such agent from giving effect to any written certification,
proxy or other authorization furnished by the Depository or, if applicable, such nominee, or
impair, as between the Depository or its nominee and such owners of beneficial interests, the
operation of customary practices governing the exercise of rights of the Depository or its nominee
as the Holder of any Discount Note.

          (8) The Trustee shall authenticate Global Discount Notes and Definitive Discount Notes in
accordance with the provisions of Section 2.03 hereof.

          (9) All certifications, certificates and Opinions of Counsel required to be submitted to the
Registrar and the Issuer pursuant to this Section 2.07 to effect a registration of transfer
or exchange may be submitted by facsimile.

SECTION 2.08. Replacement Discount Notes.

     If a mutilated Discount Note is surrendered to the Registrar or the Trustee, or if the Holder
of a Discount Note claims that the Discount Note has been lost, destroyed or wrongfully taken, the
Issuer shall issue and the Trustee shall authenticate a replacement Discount Note (and the
Guarantors, if any, shall execute the guarantee thereon) if the Holder of such Discount Note
furnishes to the Issuer and the Trustee evidence reasonably acceptable to them of the ownership and
the destruction, loss or theft of such Discount Note and if the requirements of Section 8-405 of
the New York Uniform Commercial Code as in effect on the date of this Indenture are met. If
required by the Trustee or the Issuer, an indemnity bond shall be posted, sufficient in the
judgment of both to protect the Issuer, any Guarantor, the Trustee or any Paying Agent from any
loss that any of them may suffer if such Discount Note is replaced. The Issuer may charge such
Holder for the Issuer’s reasonable out-of-pocket expenses (including, without limitation,
attorneys’ fees and disbursements) in replacing such Discount Note and the Trustee may charge the
Issuer for the Trustee’s expenses (including, without limitation, attorneys’ fees and
disbursements) in replacing such Discount Note. Every replacement Discount Note shall constitute a
contractual obligation of the Issuer.

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     The provisions of this Section 2.08 are exclusive and shall preclude (to the extent
lawful) all other rights and remedies against the Issuer and the Trustee with respect to the
replacement or payment of mutilated, destroyed, lost or wrongfully taken Discount Notes.

SECTION 2.09. Outstanding Discount Notes.

     (a) The Discount Notes outstanding at any time are all Discount Notes that have been
authenticated by the Trustee except for (a) those cancelled by it, (b) those delivered to it for
cancellation, (c) to the extent set forth in Sections 9.01 and 9.02, on or after
the date on which the conditions set forth in Section 9.01 or 9.02 have been
satisfied, those Discount Notes theretofore authenticated and delivered by the Trustee hereunder
and (d) those described in this Section 2.09 as not outstanding. Subject to Section
2.10, a Discount Note does not cease to be outstanding because the Issuer or one of its
Affiliates holds the Discount Note.

     (b) If a Discount Note is replaced pursuant to Section 2.08, it ceases to be
outstanding unless the Trustee receives proof satisfactory to it that the replaced Discount Note is
held by a bona fide purchaser in whose hands such Discount Note is a legal, valid and binding
obligation of the Issuer.

     (c) If the Paying Agent holds, in its capacity as such, on the Maturity Date, money sufficient
to pay all accrued interest (including Additional Interest, if any) and principal with respect to
the Discount Notes payable on that date and is not prohibited from paying such money to the Holders
thereof pursuant to the terms of this Indenture, then on and after that date such Discount Notes
cease to be outstanding and interest (including Additional Interest, if any) on them ceases to
accrue.

SECTION 2.10. Treasury Discount Notes.

     In determining whether the Holders of the required aggregate Accreted Value of the Discount
Notes have concurred in any declaration of acceleration or notice of default or direction, waiver
or consent or any amendment, modification or other change to this Indenture, Discount Notes owned
by the Issuer or any other Affiliate of the Issuer shall be disregarded as though they were not
outstanding, except that for the purposes of determining whether the Trustee shall be protected in
relying on any such direction, waiver or consent or any amendment, modification or other change to
this Indenture, only Discount Notes as to which a Responsible Officer of the Trustee has received
an Officers’ Certificate stating that such Discount Notes are so owned shall be so disregarded.
Discount Notes so owned which have been pledged in good faith shall not be disregarded if the
pledgee established to the satisfaction of the Trustee the pledgee’s right so to act with respect
to the Discount Notes and that the pledgee is not the Issuer, a Guarantor, any other obligor on the
Discount Notes or any of their respective Affiliates.

SECTION 2.11. Temporary Discount Notes.

     Until Definitive Discount Notes are prepared and ready for delivery, the Issuer may prepare
and the Trustee shall authenticate temporary Discount Notes. Temporary Discount Notes shall be
substantially in the form of Definitive Discount Notes but may have variations that the Issuer
considers appropriate for temporary Discount Notes. Without unreasonable delay, the Issuer shall
prepare and the Trustee shall authenticate Definitive Discount Notes in exchange

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for temporary Discount Notes. Until such exchange, temporary Discount Notes shall be entitled
to the same rights, benefits and privileges as Definitive Discount Notes.

SECTION 2.12. Cancellation.

     The Issuer at any time may deliver, or cause to be delivered, Discount Notes to the Trustee
for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Discount
Notes surrendered to them for registration of transfer, exchange or payment. The Trustee shall
cancel all Discount Notes surrendered for registration of transfer, exchange, payment, replacement
or cancellation and shall (subject to the record-retention requirements of the Exchange Act)
destroy cancelled Discount Notes. The Issuer may not reissue or resell, or issue new Discount
Notes to replace, Discount Notes that the Issuer has redeemed or paid, or that have been delivered
to the Trustee for cancellation.

SECTION 2.13. Defaulted Interest.

     If the Issuer defaults on a payment of interest or Additional Interest, if any, on the
Discount Notes, it shall pay the defaulted interest, plus (to the extent permitted by law) any
interest payable on the defaulted interest, in accordance with the terms hereof, to the Persons who
are Holders on a subsequent special record date, which date shall be at least five Business Days
prior to the payment date. The Issuer shall fix such special record date and payment date in a
manner satisfactory to the Trustee. At least 10 days before such special record date, the Issuer
shall mail to each Holder a notice that states the special record date, the payment date and the
amount of defaulted interest, and interest payable on defaulted interest, if any, to be paid. The
Issuer may make payment of any defaulted interest in any other lawful manner not inconsistent with
the requirements (if applicable) of any securities exchange on which the Discount Notes may be
listed and, upon such notice as may be required by such exchange, if, after written notice given by
the Issuer to the Trustee of the proposed payment pursuant to this sentence, such manner of payment
shall be deemed practicable by the Trustee.

SECTION 2.14. CUSIP Number.

     The Issuer in issuing the Discount Notes may use a “CUSIP” number, and if so, such CUSIP
number shall be included in notices of redemption or exchange as a convenience to Holders;
provided, that any such notice may state that no representation is made as to the
correctness or accuracy of the CUSIP number printed in the notice or on the Discount Notes, and
that reliance may be placed only on the other identification numbers printed on the Discount Notes.
The Issuer shall promptly notify the Trustee of any such CUSIP number used by the Issuer in
connection with the issuance of the Discount Notes and of any change in the CUSIP number.

SECTION 2.15. Deposit of Moneys.

     Prior to 10:00 a.m., New York City time, on each Interest Payment Date and the Maturity Date,
the Issuer shall have deposited or cause to be deposited with the Paying Agent in immediately
available funds money sufficient to make cash payments, if any, due on such Interest Payment Date
or the Maturity Date, as the case may be, in a timely manner which permits the Trustee to remit
payment to the Holders on such Interest Payment Date or Maturity

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Date, as the case may be. The principal and interest (including Additional Interest, if
any) on Global Discount Notes shall be payable to the Depository or its nominee, as the case may
be, as the sole registered owner and the sole holder of the Global Discount Notes represented
thereby. The principal and interest (including Additional Interest, if any) on Definitive Discount
Notes shall be payable, either in person or by mail, at the office of the Paying Agent.

SECTION 2.16. Book-Entry Provisions for Global Discount Notes.

     (a) The Discount Notes may be represented by one or more notes in registered, global form
without interest coupons. Each such Global Discount Note shall bear the Global Discount Note
Legend. The Global Discount Notes initially shall (i) be registered in the name of the Depository
or the nominee of such Depository, in each case for credit to an account of an Agent Member and
(ii) be delivered to the Trustee as custodian for such Depository. Members of, or Participants or
Indirect Participants in, the Depository (“Agent Members”) shall have no rights under this
Indenture with respect to any Global Discount Note held on their behalf by the Depository, or the
Trustee as its custodian, or under the Global Discount Notes, and the Depository may be treated by
the Issuer, the Trustee and any agent of the Issuer or the Trustee as the absolute owner of the
Global Discount Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein
shall prevent the Issuer, the Trustee or any agent of the Issuer or the Trustee from giving effect
to any written certification, proxy or other authorization furnished by the Depository or impair,
as between the Depository and its Agent Members, the operation of customary practices governing the
exercise of the rights of a Holder of any Discount Note.

     (b) In connection with any transfer or exchange of a portion of the beneficial interest in any
Global Discount Note to beneficial owners pursuant to Section 2.07, the Registrar and
Depository shall (if one or more Definitive Discount Notes are to be issued) reflect on their
respective books and records the date and a decrease in the principal amount of the Global Discount
Note in an amount equal to the principal amount of the beneficial interest in the Global Discount
Note to be transferred, and the Issuer shall execute, and the Trustee shall upon receipt of a
written order from the Issuer authenticate and make available for delivery, one or more Definitive
Discount Notes of like tenor and amount.

     (c) In connection with the transfer of Global Discount Notes as an entirety to beneficial
owners pursuant to Section 2.07, the Global Discount Notes shall be deemed to be
surrendered to the Trustee for cancellation, and the Issuer shall execute, and the Trustee shall
authenticate and deliver, to each beneficial owner identified by the Depository in writing in
exchange for its beneficial interest in the Global Discount Notes, an equal aggregate principal
amount of Definitive Discount Notes of authorized denominations.

     (d) Any beneficial interest in one of the Global Discount Notes that is transferred to a
Person who takes delivery in the form of an interest in another Global Discount Note shall, upon
transfer, cease to be an interest in such Global Discount Note and become an interest in such other
Global Discount Note and, accordingly, shall thereafter be subject to all transfer restrictions and
other procedures applicable to beneficial interests in such other Global Discount Note for as long
as it remains such an interest.

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     (e) The Holder of any Global Discount Note may grant proxies and otherwise authorize any
Person, including Agent Members and Persons that may hold interests through Agent Members, to take
any action which a Holder is entitled to take under this Indenture or the Discount Notes.

SECTION 2.17. Computation of Interest.

     Interest on the Discount Notes shall be computed on the basis of a 360-day year of twelve
30-day months.

SECTION 2.18. Restricted Units.

     (a) The Discount Notes and the Initial Warrants shall initially be issued as Units and shall
not be separately transferable until the Separation Date. Until the Separation Date, the
certificates representing the Units shall bear the following legend:

The securities represented by this certificate constitute a portion of one or more
Units (as defined in the Indenture), each consisting of 13% Senior Secured Discount Notes
due 2012 of IdleAire Technologies Corporation (the “Company”) and Initial Warrants
to purchase Common Stock of the Company. Until the Separation Date (as defined in the
Indenture), the securities represented by this certificate may be transferred only together
as a Unit. Following the Separation Date, the securities represented by this certificate
may be transferred without reference to the foregoing restriction.

     (b) Until the Separation Date, the Registrar shall not register any transfer of a
Discount Note that constitutes part of a Unit unless the Registrar receives satisfactory evidence
that the Initial Warrant comprising the corresponding part of such Unit is being simultaneously
transferred to the same transferee. Following the Separation Date, any Discount Note that
constitutes part of a Unit may be transferred separately from the Initial Warrant comprising the
corresponding part of such Unit, and the Registrar shall be authorized to register such transfer
without regard to the foregoing restriction.

ARTICLE THREE

REDEMPTION

SECTION 3.01. Election To Redeem; Notices to Trustee.

     If the Issuer elects to redeem Discount Notes pursuant to paragraph 5 of the Discount Notes,
at least 45 days prior to the Redemption Date (unless a shorter notice shall be agreed to in
writing by the Trustee) but not more than 65 days before the Redemption Date, the Issuer shall
notify the Trustee in writing of the Redemption Date, the principal amount of Discount Notes to be
redeemed and the redemption price, and deliver to the Trustee an Officers’ Certificate stating that
such redemption will comply with the conditions contained in paragraph 5 of the Discount Notes.
Notice given to the Trustee pursuant to this Section 3.01 may not be revoked after the time
that notice is given to Holders pursuant to Section 3.03.

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SECTION 3.02. Selection by Trustee of Discount Notes To Be Redeemed.

     In the event that less than all of the Discount Notes are to be redeemed pursuant to a
redemption made pursuant to paragraph 5 of the Discount Notes, selection of the Discount Notes for
redemption shall be made by the Trustee in compliance with the requirements of the principal
national securities exchange, if any, on which the Discount Notes are listed or, if the Discount
Notes are not then listed on a national security exchange, on a pro rata basis, by lot or by such
method as the Trustee shall deem fair and appropriate; provided, that no Discount Notes of
a principal amount of $1,000 or less shall be redeemed in part. If a partial redemption is made
pursuant to paragraph 5 of the Discount Notes, selection of the Discount Notes or portions thereof
for redemption shall be made by the Trustee only on a pro rata basis or on as nearly a pro rata
basis as is practicable (subject to the procedures of the Depository), unless that method is
otherwise prohibited. The Trustee shall promptly notify the Issuer of the Discount Notes selected
for redemption and, in the case of any Discount Notes selected for partial redemption, the
principal amount thereof to be redeemed. The Trustee may select for redemption portions of the
principal of the Discount Notes that have denominations larger than $1,000. For all purposes of
this Indenture unless the context otherwise requires, provisions of this Indenture that apply to
Discount Notes called for redemption also apply to portions of Discount Notes called for
redemption. The Issuer may acquire Discount Notes by means other than redemption, whether pursuant
to an Issuer tender offer, open market purchase or otherwise provided such acquisition does not
otherwise violate the other terms of this Indenture.

SECTION 3.03. Notice of Redemption.

     (a) At least 30 days, and no more than 60 days, before a Redemption Date, the Issuer shall
electronically transmit or mail, or cause to be electronically transmitted or mailed, a notice of
redemption by first-class mail to each Holder of Discount Notes to be redeemed at his or her last
address as the same appears on the registry books maintained by the Registrar pursuant to
Section 2.04.

     (b) The notice shall identify the Discount Notes to be redeemed (including the CUSIP numbers
thereof) and shall state:

     (1) the Redemption Date;

     (2) the redemption price and the amount of premium and accrued interest (including
Additional Interest, if any) to be paid;

     (3) if any Discount Note is being redeemed in part, the portion of the principal amount
of such Discount Note to be redeemed and that, after the Redemption Date and upon surrender
of such Discount Note, a new Discount Note or Discount Notes in principal amount equal to
the unredeemed portion will be issued;

     (4) the name and address of the Paying Agent;

     (5) that Discount Notes called for redemption must be surrendered to the Paying Agent
to collect the redemption price;

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     (6) that unless the Issuer defaults in making the redemption payment, interest
(including Additional Interest, if any) on the Discount Notes called for redemption ceases
to accrue on and after the Redemption Date;

     (7) the provision of paragraph 5 of the Discount Notes, as the case may be, pursuant to
which the Discount Notes called for redemption are being redeemed; and

     (8) the aggregate principal amount of Discount Notes that are being redeemed.

     (c) At the Issuer’s written request made at least five Business Days prior to the date on
which notice is to be given, the Trustee shall give the notice of redemption in the Issuer’s name
and at the Issuer’s sole expense.

SECTION 3.04. Effect of Notice of Redemption.

     Once the notice of redemption described in Section 3.03 is electronically transmitted
or mailed, Discount Notes called for redemption become due and payable on the Redemption Date and
at the redemption price, including any premium, plus interest (including Additional Interest, if
any) accrued to the Redemption Date. Upon surrender to the Paying Agent, such Discount Notes shall
be paid at the redemption price, including any premium, plus interest (including Additional
Interest, if any) accrued to the Redemption Date; provided, that (a) if the Redemption Date
is after a regular record date and on or prior to the Interest Payment Date, the accrued and unpaid
interest (including Additional Interest, if any) shall be payable to the Holder of the redeemed
Discount Notes registered on the relevant record date, and (b) if a Redemption Date is a Legal
Holiday, payment shall be made on the next succeeding Business Day and no interest or Additional
Interest, if any, shall accrue for the period from such Redemption Date to such succeeding Business
Day.

SECTION 3.05. Deposit of Redemption Price.

     (a) On or prior to 10:00 A.M., New York City time, on each Redemption Date, the Issuer shall
deposit with the Paying Agent in immediately available funds money sufficient to pay the redemption
price of, including premium, if any, and accrued and unpaid interest (including Additional
Interest, if any) on all Discount Notes to be redeemed on that date other than Discount Notes or
portions thereof called for redemption on that date which have been delivered by the Issuer to the
Trustee for cancellation.

     (b) On and after any Redemption Date, if money sufficient to pay the redemption price of,
including premium, if any, and accrued and unpaid interest (including Additional Interest, if any)
on Discount Notes called for redemption shall have been made available in accordance with
subsection (a) above, the Discount Notes called for redemption will cease to accrue
interest (including Additional Interest, if any) and the only right of the Holders of such Discount
Notes will be to receive payment of the redemption price of and, subject to the first proviso in
Section 3.04, accrued and unpaid interest (including Additional Interest, if any) on such
Discount Notes to the Redemption Date. If any Discount Note surrendered for redemption shall not
be so paid, interest (including Additional Interest, if any) will be paid, from the Redemption Date
until such redemption payment is made, on the unpaid principal of the

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Discount Note and any interest and Additional Interest not paid on such unpaid principal, in
each case, at the rate and in the manner provided in the Discount Notes.

SECTION 3.06. Discount Notes Redeemed in Part.

     Upon surrender of a Definitive Discount Note that is redeemed in part, the Trustee shall
authenticate for the Holder thereof a new Discount Note equal in principal amount to the unredeemed
portion of the Discount Note surrendered.

ARTICLE FOUR

COVENANTS

SECTION 4.01. Payment of Discount Notes.

     (a) The Issuer shall pay the principal of, and interest (including Additional Interest, if
any) on, the Discount Notes on the dates and in the manner provided in the Discount Notes and this
Indenture. An installment of principal or interest (including Additional Interest, if any) shall
be considered paid on the date it is due if the Trustee or Paying Agent holds on that date money
designated for and sufficient to pay such installment.

     (b) The Issuer shall pay interest on overdue principal (including post-petition interest in a
proceeding under the Bankruptcy Code), and overdue interest, to the extent lawful, at the rate
specified in the Discount Notes.

SECTION 4.02. Reports to Holders.

     (a) Whether or not required by the SEC, so long as any Discount Notes are outstanding, the
Issuer shall furnish to the Trustee and the Holders of Discount Notes, or file electronically with
the SEC through the SEC’s Electronic Data Gathering, Analysis and Retrieval System (or any
successor system), in which case the Issuer shall notify the Trustee in writing that such filing is
to be made electronically with the SEC, within the time periods that would be applicable to the
Issuer if it were subject to Section 13(a) or 15(d) of the Exchange Act:

     (1) all quarterly and annual information (financial and otherwise) that would be
required to be contained in a filing with the SEC on Forms 10-Q and 10-K if the Issuer were
required to file these Forms, including a “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and, with respect to the annual information only, a
report on the annual financial statements by the Issuer’s certified independent accountants;
and

     (2) all current reports that would be required to be filed with the SEC on Form 8-K if
the Issuer were required to file these reports.

The first report that the Issuer shall be required to furnish under clause (1) of this
Section 4.02(a) is (A) if the Issuer files a registration statement on Form 10 (or any
successor form) with the SEC on or before April 30, 2006, a report that contains the quarterly
financial information required of a reporting company under the Exchange Act for the fiscal quarter
ended March 31,

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2006, and (B) if the Issuer does not file a registration statement on Form 10 (or any successor
form) on or before April 30, 2006, a report that contains the annual financial information required
of a reporting company under the Exchange Act for the fiscal year ended December 31, 2005, on or
before April 30, 2006.

     (b) For so long as any Discount Notes remain outstanding, the Issuer shall furnish to the
Holders and to securities analysts and prospective investors, upon their request, the information
required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act.

SECTION 4.03. Waiver of Stay, Extension or Usury Laws.

     Each of the Issuer and the Guarantors, if any, covenants (to the extent that it may lawfully
do so) that it shall not at any time insist upon, or plead (as a defense or otherwise) or in any
manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury
law or other law which would prohibit or forgive any of the Issuer or such Guarantors from paying
all or any portion of the principal of and/or interest (including Additional Interest, if any) on
the Discount Notes as contemplated herein, wherever enacted, now or at any time hereafter in force,
or which may affect the covenants or the performance of this Indenture; and (to the extent that
they may lawfully do so) each of the Issuer and the Guarantors, if any, 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.

SECTION 4.04. Compliance Certificate.

     (a) The Issuer shall deliver to the Trustee, within 90 days after the end of each fiscal year,
an Officers’ Certificate stating that a review of the activities of the Issuer (and, if applicable,
its Subsidiaries) during such fiscal year has been made under the supervision of the signing
Officers with a view to determining whether the Issuer and any Guarantor have kept, observed,
performed and fulfilled their obligations under this Indenture, and further stating, as to each
such Officer signing such certificate, that to the best of his or her knowledge, the Issuer and any
Guarantor have kept, observed, performed and fulfilled each and every covenant contained in this
Indenture and are not in default in the performance or observance of any of the terms, provisions
and conditions hereof (or, if a Default shall have occurred, describing all such Defaults of which
he or she may have knowledge and what action they are taking or propose to take with respect
thereto) and that to the best of his or her knowledge no event has occurred and remains in
existence by reason of which payments on account of the principal of or interest (including
Additional Interest, if any) on the Discount Notes is prohibited or if such event has occurred, a
description of the event and what action the Issuer and any Guarantor are taking or propose to take
with respect thereto; provided, that the first certificate to be delivered pursuant to this
Section 4.04(a) shall be delivered on or before March 31, 2007 for the fiscal year ending
December 31, 2006, and such certificate shall cover the period of time from the Issue Date to the
end of the fiscal year ending December 31, 2006.

     (b) The Issuer and any Guarantor shall, so long as any of the Discount Notes are outstanding,
deliver to the Trustee, forthwith upon any Officer becoming aware of any Default,

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an Officers’ Certificate specifying such Default and what action the Issuer and any Guarantor
are taking or propose to take with respect thereto.

     (c) The Issuer’s fiscal year currently ends on December 31. The Issuer will provide written
notice to the Trustee of any change in its fiscal year.

SECTION 4.05. Taxes.

     The Issuer and the Guarantors shall, and shall cause each of their Subsidiaries to, pay prior
to delinquency all material taxes, assessments, and governmental levies except as contested in good
faith and by appropriate proceedings.

SECTION 4.06. Limitations on Additional Indebtedness.

     (a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, incur any Indebtedness (other than Permitted Indebtedness); provided, that the
Issuer or any Guarantor may incur additional Subordinated Indebtedness if, (a) no Default or Event
of Default shall have occurred and be continuing, or would result therefrom, and (b) after giving
effect thereto, the Consolidated Interest Coverage Ratio would be at least 2.00 to 1.00 (the
“Coverage Ratio Exception”).

     (b) Notwithstanding the above, each of the following shall be permitted (the “Permitted
Indebtedness”):

     (1) Indebtedness of the Issuer and any Guarantor under the Credit Facilities in an
aggregate principal amount at any time outstanding not to exceed $25.0 million,
less, to the extent a permanent repayment and/or commitment reduction is required
thereunder as a result of such application, the aggregate amount of Net Available Proceeds
applied to repayments under the Credit Facilities in accordance with Section 4.09;

     (2) the Discount Notes and the Discount Note Guarantees;

     (3) Indebtedness of the Issuer and the Restricted Subsidiaries to the extent
outstanding on the Issue Date and disclosed in the Memorandum (other than Indebtedness
referred to in clauses (1) and (2) above, and after giving effect to the
intended use of proceeds of the Discount Notes);

     (4) Indebtedness under Hedging Obligations entered into in the ordinary course of
business for bona fide hedging purposes (and not for the purpose of speculation) that are
designed to protect against fluctuations in interest rates, foreign currency exchange rates
and commodity prices; provided, that (a) such Hedging Obligations relate to payment
obligations on Indebtedness otherwise permitted to be incurred by this Section 4.06,
and (b) the notional principal amount of such Hedging Obligations at the time incurred does
not exceed the principal amount of the Indebtedness to which such Hedging Obligations
relate;

     (5) Indebtedness of the Issuer owed to a Restricted Subsidiary and Indebtedness of any
Restricted Subsidiary owed to the Issuer or any other Restricted

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Subsidiary; provided, that upon any such Restricted Subsidiary ceasing to be a
Restricted Subsidiary or such Indebtedness being owed to any Person other than the Issuer or
a Restricted Subsidiary, the Issuer or such Restricted Subsidiary, as applicable, shall be
deemed to have incurred Indebtedness not permitted by this clause (5);

     (6) Indebtedness in respect of workers’ compensation, self-insurance obligations, bid,
performance or surety bonds issued for the account of the Issuer or any Restricted
Subsidiary in the ordinary course of business, including but not limited to guarantees or
obligations of the Issuer or any Restricted Subsidiary with respect to letters of credit
supporting such bid, performance or surety obligations (in each case other than for an
obligation for money borrowed);

     (7) Purchase Money Indebtedness and Refinancing Indebtedness thereof, in an aggregate
amount not to exceed at any time outstanding $10.0 million;

     (8) Indebtedness arising from the honoring by a bank or other financial institution of
a check, draft or similar instrument inadvertently (except in the case of daylight
overdrafts) drawn against insufficient funds in the ordinary course of business;
provided, however that such Indebtedness is extinguished within five
Business Days of incurrence;

     (9) Indebtedness arising in connection with endorsement of instruments for deposit in
the ordinary course of business;

     (10) Subordinated Indebtedness issued to former employees or directors of Issuer or any
Subsidiary in lieu of cash payments for the Equity Interests being repurchased from such
Persons pursuant to clause (4) of Section 4.08(b);

     (11) Refinancing Indebtedness with respect to Indebtedness incurred pursuant to the
Coverage Ratio Exception or clause (2) or (3) above; and

     (12) Indebtedness of the Issuer or any Restricted Subsidiary, including but not limited
to letters of credit provided to vendors in the ordinary course of business, in an aggregate
amount not to exceed $5.0 million at any time outstanding.

     (c) For purposes of determining compliance with this Section 4.06, in the event that
an item of Indebtedness meets the criteria of more than one of the categories of Permitted
Indebtedness described in clauses (1) through (12) of Section 4.06(b) or is
entitled to be incurred pursuant to the Coverage Ratio Exception, the Issuer shall, in its sole
discretion, classify such item of Indebtedness and may divide and classify such Indebtedness in
more than one of the types of Indebtedness described. In addition, for purposes of determining any
particular amount of Indebtedness under this covenant, guarantees, Liens or letter of credit
obligations supporting Indebtedness otherwise included in the determination of such particular
amount shall not be included so long as incurred by a Person that could have incurred such
Indebtedness.

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SECTION 4.07. Limitations on Layering Indebtedness

     (a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, incur any Indebtedness that is or purports to be by its terms (or by the terms of any
agreement governing such Indebtedness) subordinated to any other Indebtedness of the Issuer or of
such Restricted Subsidiary, as the case may be, unless such Indebtedness is also by its terms (or
by the terms of any agreement governing such Indebtedness) made expressly subordinate to the
Discount Notes or the Discount Note Guarantee of such Restricted Subsidiary, to the same extent and
in the same manner as such Indebtedness is subordinated to such other Indebtedness of the Issuer or
such Restricted Subsidiary, as the case may be.

     (b) For purposes of the foregoing clause (a), no Indebtedness shall be deemed to be
subordinated in right of payment to any other Indebtedness of the Issuer or any Restricted
Subsidiary solely by virtue of being unsecured.

SECTION 4.08. Limitations on Restricted Payments.

     (a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, make any Restricted Payment if at the time of such Restricted Payment:

     (1) a Default shall have occurred and be continuing or shall occur as a consequence
thereof;

     (2) the Issuer cannot incur at least $1.00 of additional Subordinated Indebtedness
pursuant to the Coverage Ratio Exception; or

     (3) the amount of such Restricted Payment, when added to the aggregate amount of all
other Restricted Payments made after the Issue Date (other than Restricted Payments made
pursuant to clauses (2), (3), (4), (5) or (6) of
subsection (b) of this Section 4.08), exceeds an amount (the “Restricted
Payments Basket”) equal to the sum of (without duplication):

(a) 100% of the aggregate net cash proceeds received by the Issuer from the issuance
and sale of Qualified Equity Interests after the Issue Date, other than any such
proceeds that are used to redeem Discount Notes in accordance with paragraph 5(b) of
the Discount Notes, plus

(b) the aggregate principal amount by which Indebtedness (other than any
Subordinated Indebtedness or Indebtedness held by the Issuer or an Affiliate of the
Issuer) incurred by the Issuer or any Restricted Subsidiary subsequent to the Issue
Date is reduced upon the conversion or exchange into Qualified Equity Interests
(less the amount of any cash, or the Fair Market Value of assets, distributed by the
Issuer or any Restricted Subsidiary upon such conversion or exchange), plus

(c) in the case of the disposition or repayment of, or return on, any Investment
made after the Issue Date that was treated as a Restricted Payment, an amount (to
the extent not included in the computation of Consolidated Net Income) equal to

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the lesser of (i) the return of capital with respect to such Investment and (ii) the
amount of such Investment that was treated as a Restricted Payment, in either case,
less the cost of the disposition of such Investment and net of taxes, plus

(d) upon a Redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary,
the lesser of (i) the Fair Market Value of the Issuer’s proportionate interest in
such Subsidiary immediately following such Redesignation, and (ii) the aggregate
amount of the Issuer’s Investments in such Subsidiary to the extent such Investments
reduced the Restricted Payments Basket and were not previously repaid or otherwise
reduced.

     (b) The foregoing provisions will not prohibit:

     (1) the payment by the Issuer or any Restricted Subsidiary of any dividend within 60
days after the date of declaration thereof, if on the date of declaration the payment would
have complied with the provisions of this Indenture;

     (2) the repurchase, redemption, retirement or other acquisition of any Equity Interests
of the Issuer in exchange for, or out of the proceeds of the substantially concurrent
issuance and sale of, Qualified Equity Interests of the Issuer, including any repurchase of
Equity Interests deemed to occur in connection with a cashless exercise of stock options;

     (3) the redemption, retirement or other acquisition of Subordinated Indebtedness of the
Issuer or any Restricted Subsidiary (a) in exchange for, or out of the proceeds of the
substantially concurrent issuance and sale of, Qualified Equity Interests or (b) in exchange
for, or out of the proceeds of the substantially concurrent incurrence of, Refinancing
Indebtedness permitted to be incurred under Section 4.06 and the other terms of this
Indenture;

     (4) the redemption of Equity Interests of the Issuer held by officers, directors or
employees or former officers, directors or employees (or their transferees, estates or
beneficiaries under their estates), upon their death, disability, retirement, severance or
termination of employment or service; provided, that the aggregate consideration
paid for all such redemptions shall not exceed $0.5 million during any calendar year;

     (5) the application of the proceeds from the issuance of the Discount Notes on the
Issue Date in the manner described in the Memorandum under the caption “Use of Proceeds”; or

     (6) other Restricted Payments not to exceed $2.0 million in aggregate from and after
the Issue Date;

provided, that (a) in the case of any Restricted Payment pursuant to clause (2),
(3), (4) or (6) of this Section 4.08, no Default shall have
occurred and be continuing or occur as a consequence thereof and (b) no issuance and sale of
Qualified Equity Interests pursuant to clause (2) or (3) of this Section
4.08 shall increase the Restricted Payments Basket.

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SECTION 4.09. Limitations on Asset Sales.

     (a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, consummate any Asset Sale unless:

     (1) the Issuer or such Restricted Subsidiary receives consideration at the time of such
Asset Sale at least equal to the Fair Market Value of the assets included in such Asset Sale
(such Fair Market Value to be determined on the date of a definitive legally binding
agreement regarding such Assets Sale); and

     (2) at least 75% of the total consideration received in such Asset Sale consists of
cash or Cash Equivalents.

     For purposes of clause (2), the following shall be deemed to be cash:

(a) the principal amount (without duplication) of any Indebtedness (other than
Subordinated Indebtedness) of the Issuer or such Restricted Subsidiary that is
expressly assumed by the transferee in such Asset Sale if the Issuer or such
Restricted Subsidiary, as the case may be, is unconditionally released by the holder
of such Indebtedness, and

(b) the amount of any obligations received from such transferee that are within 60
days converted into, sold or otherwise disposed of for cash by the Issuer or such
Restricted Subsidiary (to the extent of the cash actually so received).

If at any time any non-cash consideration received by the Issuer or any Restricted Subsidiary, as
the case may be, in connection with any Asset Sale is repaid or converted into or sold or otherwise
disposed of for cash (other than interest received with respect to any such non-cash
consideration), then the date of such repayment, conversion or disposition shall be deemed to
constitute the date of an Asset Sale hereunder and the Net Available Proceeds thereof shall be
applied in accordance with this Section 4.09.

     (b) If the Issuer or any Restricted Subsidiary engages in an Asset Sale, the Issuer or such
Restricted Subsidiary shall, no later than 360 days following the consummation thereof, apply all
or any of the Net Available Proceeds therefrom to:

     (1) satisfy all mandatory repayment obligations under the Credit Agreement arising by
reason of such Asset Sale, and in the case of any such repayment under any revolving credit
facility, effect a permanent reduction in the availability under such revolving credit
facility;

     (2) repay any Indebtedness that was secured by the assets transferred in such Asset
Sale; and/or

     (3) (A) invest all or any part of the Net Available Proceeds thereof in the purchase of
assets (other than securities) to be used by the Issuer or any Restricted Subsidiary in the
Permitted Business, (B) acquire Qualified Equity Interests in a Person that is a Restricted
Subsidiary or in a Person engaged in a Permitted Business that shall

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become a Restricted Subsidiary immediately upon the consummation of such acquisition or
(C) a combination of (A) and (B).

     The amount of Net Available Proceeds not applied or invested as provided in this
subsection (b) will constitute “Excess Proceeds.”

     (c) When the aggregate amount of Excess Proceeds equals or exceeds $1.0 million, the Issuer
shall make an Offer to Purchase from all Holders and, if applicable, redeem (or make an offer to do
so) any Pari Passu Indebtedness of the Issuer the provisions of which require the Issuer to redeem
such Indebtedness with the proceeds from any Asset Sales (or offer to do so), in an aggregate
Accreted Value of the Discount Notes and principal amount of such Pari Passu Indebtedness equal to
the amount of such Excess Proceeds as follows:

     (1) the Issuer shall (a) make an Offer to Purchase (a “Net Proceeds Offer”) to
all Holders, and (b) redeem (or make an offer to do so) any such other Pari Passu
Indebtedness, pro rata in proportion to the respective principal amounts of the Discount
Notes and such other Indebtedness required to be redeemed, the maximum principal amount of
Discount Notes and Pari Passu Indebtedness that may be redeemed out of the amount (the
“Payment Amount”) of such Excess Proceeds;

     (2) the offer price for the Discount Notes shall be payable in cash in an amount equal
to 100% of the Accreted Value of the Discount Notes tendered pursuant to a Net Proceeds
Offer, plus accrued and unpaid interest (including Additional Interest) thereon, if any) to
the date such Net Proceeds Offer is consummated (the “Offered Price”), and the
redemption price for such Pari Passu Indebtedness (the “Pari Passu Indebtedness
Price”) shall be as set forth in the related documentation governing such Indebtedness;

     (3) if the aggregate Offered Price of Discount Notes validly tendered and not withdrawn
by Holders thereof exceeds the pro rata portion of the Payment Amount allocable to the
Discount Notes, Discount Notes to be purchased shall be selected on a pro rata basis, with
adjustments so that only Discount Notes in multiples of $1,000 principal amount will be
purchased; and

     (4) upon completion of such Net Proceeds Offer in accordance with the foregoing
provisions, the amount of Excess Proceeds with respect to which such Net Proceeds Offer was
made shall be deemed to be zero.

     (d) To the extent that the sum of the aggregate Offered Price of Discount Notes tendered
pursuant to a Net Proceeds Offer and the aggregate Pari Passu Indebtedness Price paid to the
holders of such Pari Passu Indebtedness is less than the Payment Amount relating thereto (such
excess constituting a “Net Proceeds Remainder”), the Issuer may use the Net Proceeds
Remainder, or a portion thereof, for general corporate purposes, subject to the provisions of this
Indenture.

     (e) In the event of the transfer of substantially all (but not all) of the assets of the
Issuer and the Restricted Subsidiaries as an entirety to a Person in a transaction covered by and
effected in accordance with Section 5.01, the successor corporation shall be deemed to have
sold

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for cash at Fair Market Value the assets of the Issuer and the Restricted Subsidiaries not so
transferred for purposes of this covenant, and shall comply with the provisions of this covenant
with respect to such deemed sale as if it were an Asset Sale (with such Fair Market Value being
deemed to be Net Available Proceeds for such purpose).

     (f) The Issuer shall comply with applicable tender offer rules, including the requirements of
Rule 14e-1 under the Exchange Act and any other applicable laws and regulations in connection with
the purchase of Discount Notes pursuant to a Net Proceeds Offer. To the extent that the provisions
of any securities laws or regulations conflict with this Section 4.09, the Issuer shall
comply with the applicable securities laws and regulations and shall not be deemed to have breached
its obligations under this Section 4.09 by virtue of this compliance.

SECTION 4.10. Limitations on Transactions with Affiliates.

     (a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, in one transaction or a series of related transactions, transfer any of its assets to,
or purchase any assets from, or enter into any contract, agreement, understanding, loan, advance or
guarantee with, or for the benefit of, any Affiliate (an “Affiliate Transaction”), unless:

     (1) such Affiliate Transaction is on terms that are no less favorable to the Issuer or
the relevant Restricted Subsidiary than those that would have been obtained in a comparable
transaction at such time on an arm’s-length basis by the Issuer or Restricted Subsidiary
from a Person that is not an Affiliate of the Issuer or that Restricted Subsidiary; and

     (2) the Issuer delivers to the Trustee:

(a) with respect to any Affiliate Transaction involving aggregate value in excess of
$1.0 million, an Officers’ Certificate certifying that such Affiliate Transaction
complies with clause (1) of this Section 4.10(a) and a Secretary’s
Certificate which sets forth and authenticates a resolution that has been adopted by
the Independent Directors approving such Affiliate Transaction; and

(b) with respect to any Affiliate Transaction involving aggregate value of $10.0
million or more, the certificates described in the preceding subsection
(2)(a) and a written opinion as to the fairness of such Affiliate Transaction to
the Issuer or Restricted Subsidiary from a financial point of view issued by an
Independent Financial Advisor.

     (b) The foregoing restrictions in subsection (a) shall not apply to:

     (1) transactions exclusively between or among (a) the Issuer and one or more Guarantors
or (b) Guarantors; provided, in each case, that no Person (other than the Issuer or
a Guarantor) owns Equity Interests of any such Guarantors;

     (2) reasonable director, officer and employee compensation (including bonuses and
equity compensation) and other benefits (including retirement, health, stock option and
other benefit plans) and indemnification arrangements provided for officers,

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directors and employees of the Issuer, in each case approved by the Independent
Directors;

     (3) loans and advances permitted by clause (3) of the definition of “Permitted
Investments;” or

     (4) Restricted Payments of the type described in clause (1), (2) or
(4) of the definition of “Restricted Payment” that are made in accordance with
Section 4.08.

SECTION 4.11. Limitations on Liens.

     The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, create, incur, assume or permit or suffer to exist any Lien of any nature whatsoever
against any assets of the Issuer or any Restricted Subsidiary, whether owned at the Issue Date or
thereafter acquired, or any proceeds therefrom, or transfer any right to receive income or profits
therefrom, other than Permitted Liens.

SECTION 4.12. Conduct of Business.

     The Issuer shall not, and shall not permit any Restricted Subsidiary to, engage in any
business other than the Permitted Business.

SECTION 4.13. Additional Discount Note Guarantees.

     If, after the Issue Date, (a) the Issuer or any Restricted Subsidiary shall acquire or create
another Subsidiary (other than a Subsidiary that has been designated an Unrestricted Subsidiary),
(b) any Unrestricted Subsidiary is redesignated a Restricted Subsidiary or (c) the Issuer otherwise
elects to have any Restricted Subsidiary become a Guarantor, then, in each such case, the Issuer
shall cause such Restricted Subsidiary to:

     (1) execute and deliver to the Trustee (a) a supplemental indenture in form and
substance satisfactory to the Trustee pursuant to which such Restricted Subsidiary shall
unconditionally guarantee all of the Issuer’s obligations under the Discount Notes and this
Indenture and (b) a notation of guarantee in respect of its Discount Note Guarantee; and

     (2) deliver to the Trustee one or more Opinions of Counsel that such supplemental
indenture (a) has been duly authorized, executed and delivered by such Restricted Subsidiary
and (b) constitutes a valid and legally binding obligation of such Restricted Subsidiary in
accordance with its terms.

			
	SECTION 4.14.	 	Limitations on Dividend and Other Restrictions Affecting Restricted
Subsidiaries.

     The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, create or otherwise cause or permit to exist or become effective any consensual
encumbrance or consensual restriction on the ability of any Restricted Subsidiary to:

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     (a) pay dividends or make any other distributions on or in respect of its Equity Interests;

     (b) make loans or advances or pay any Indebtedness or other obligation owed to the Issuer or
any other Restricted Subsidiary; or

     (c) transfer any of its assets to the Issuer or any other Restricted Subsidiary;
except for:

     (1) encumbrances or restrictions existing under or by reason of applicable law;

     (2) encumbrances or restrictions existing under this Indenture, the Discount Notes, the
Discount Note Guarantees and the Collateral Agreements;

     (3) encumbrances or restrictions existing under the Credit Facilities and the Credit
Agreement Security Documents;

     (4) customary non-assignment provisions of any contract or lease entered into in the
ordinary course of business;

     (5) encumbrances or restrictions existing under agreements existing on the date of this
Indenture as in effect on that date;

     (6) restrictions on the transfer of assets subject to any Lien permitted under this
Indenture (including, without limitation, Liens securing Purchase Money Indebtedness)
imposed by the holder of such Lien;

     (7) restrictions on the transfer of assets imposed under any agreement to sell such
assets permitted under this Indenture to any Person pending the closing of such sale;

     (8) encumbrances or restrictions imposed under agreements with respect to a Person that
becomes a Restricted Subsidiary or merges with or into a Restricted Subsidiary after the
Issue Date, that are in existence at the time such Person becomes a Restricted Subsidiary,
and not created in connection with or in anticipation of such Person becoming a Restricted
Subsidiary, and that are not applicable to any Person or the assets of any Person other than
such Person or the assets of such Person becoming a Restricted Subsidiary;

     (9) customary provisions in partnership agreements, limited liability company
organizational governance documents, joint venture agreements and other similar agreements
entered into in the ordinary course of business that restrict the transfer of ownership
interests in such partnership, limited liability company, joint venture or similar Person;
and

     (10) any encumbrances or restrictions imposed under any instrument governing
Refinancing Indebtedness; provided, that, in the good faith judgment of the Issuer’s

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Board of Directors, such encumbrances and restrictions are not materially more
restrictive than those contained in the Indebtedness being refinanced.

SECTION 4.15. Limitations on Designation of Unrestricted Subsidiaries.

     (a) The Issuer may designate any Subsidiary of the Issuer as an “Unrestricted Subsidiary”
under this Indenture (a “Designation”) only if:

     (1) no Default shall have occurred and be continuing at the time of or after giving
effect to such Designation; and

     (2) the Issuer would be permitted to make, at the time of such Designation, (a) a
Permitted Investment or (b) an Investment pursuant to Section 4.08(a), in either
case, in an amount (the “Designation Amount”) equal to the Fair Market Value of the
Issuer’s proportionate interest in such Subsidiary on such date.

     (b) No Subsidiary shall be Designated as an “Unrestricted Subsidiary” unless such Subsidiary:

     (1) has no Indebtedness other than Non-Recourse Debt;

     (2) is not party to any agreement, contract, arrangement or understanding with the
Issuer or any Restricted Subsidiary unless the terms of the agreement, contract, arrangement
or understanding are no less favorable to the Issuer or the Restricted Subsidiary than those
that might be obtained at the time from Persons who are not Affiliates;

     (3) is a Person with respect to which neither the Issuer nor any Restricted Subsidiary
has any direct or indirect obligation (a) to subscribe for additional Equity Interests or
(b) to maintain or preserve the Person’s financial condition or to cause the Person to
achieve any specified levels of operating results; and

     (4) has not guaranteed or otherwise directly or indirectly provided credit support for
any Indebtedness of the Issuer or any Restricted Subsidiary, except for any guarantee given
solely to support the pledge by the Issuer or any Restricted Subsidiary of the Equity
Interests of such Unrestricted Subsidiary, which guarantee is not recourse to the Issuer or
any Restricted Subsidiary.

If, at any time, any Unrestricted Subsidiary fails to meet the preceding requirements as an
Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of
this Indenture and any Indebtedness of the Subsidiary and any Liens on assets of such Subsidiary
shall be deemed to be incurred by a Restricted Subsidiary as of the date and, if the Indebtedness
is not permitted to be incurred under Section 4.06 or the Lien is not permitted under
Section 4.11, the Issuer shall be in default of the applicable covenant.

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     (c) The Issuer may redesignate an Unrestricted Subsidiary as a Restricted Subsidiary (a
“Redesignation”) only if:

     (1) no Default shall have occurred and be continuing at the time of and after giving
effect to such Redesignation; and

     (2) all Liens, Indebtedness and Investments of such Unrestricted Subsidiary outstanding
immediately following such Redesignation would, if incurred or made at such time, have been
permitted to be incurred or made for all purposes of this Indenture.

     All Designations and Redesignations must be evidenced by resolutions of the Board of Directors
of the Issuer, delivered to the Trustee certifying compliance with the foregoing provisions.

			
	SECTION 4.16.	 	Limitations on the Issuance or Sale of Equity Interests of Restricted
Subsidiaries.

     The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, transfer any Equity Interests of any Restricted Subsidiary except (1) to the Issuer or
a Wholly Owned Subsidiary, (2) to the extent such shares represent directors’ qualifying shares or
shares required by applicable law to be held by a Person other than the Issuer or a Wholly Owned
Subsidiary, or (3) the sale of all the outstanding Equity Interests of any Restricted Subsidiary
subject to compliance with Section 4.09.

SECTION 4.17. Change of Control Offers

     (a) Upon the occurrence of a Change of Control, the Issuer shall make an Offer to Purchase
(the “Change of Control Offer”), and shall purchase, on a Business Day (the “Change of
Control Payment Date”) not more than 60 nor less than 30 days following the date notice of the
Change of Control is electronically transmitted or mailed to each Holder, all of the Discount Notes
then outstanding at a purchase price (the “Change of Control Purchase Price”) equal to 101%
of the Accreted Value thereof, plus accrued and unpaid interest (including Additional Interest, if
any) thereon to the Change of Control Payment Date. The Change of Control Offer shall remain open
for at least 20 Business Days and until the close of business on the Change of Control Payment Date
or for such longer period as is required by law. The Issuer shall publicly announce the results of
the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date.

     (b) Within 30 days following the date upon which a Change of Control occurs (the “Change
of Control Date”), the Issuer shall send, by first class mail, a notice to each Holder, with a
copy to the Trustee, which notice shall govern the terms of the Change of Control Offer. The
notice to the Holders shall contain all instructions and materials necessary to enable such Holders
to tender Discount Notes pursuant to the Change of Control Offer.

     (c) Any amounts remaining after the purchase of Discount Notes pursuant to a Change of Control
Offer shall be returned by the Trustee to the Issuer.

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     (d) The Issuer’s obligation to make a Change of Control Offer will be satisfied if a third
party makes the Change of Control Offer in the manner and at the times and otherwise in compliance
with the requirements applicable to a Change of Control Offer made by the Issuer and such third
party purchases all Discount Notes properly tendered and not withdrawn under such Change of Control
Offer.

     (e) The Issuer shall comply with applicable tender rules, including the requirements of Rule
14e-1 under the Exchange Act and any other applicable laws and regulations in connection with the
purchase of Discount Notes pursuant to a Change of Control Offer. To the extent the provisions of
any securities laws or regulations conflict with the provisions under this Section 4.17,
the Issuer shall comply with the applicable securities laws and regulations and shall not be deemed
to have breached its obligations under this Section 4.17 by virtue of such compliance.

SECTION 4.18. Minimum Consolidated Cash Flow; Registration Defaults.

     (a) If the Consolidated Cash Flow of the Issuer for the fiscal year ended December 31, 2008
does not equal or exceed $40.0 million, the Issuer shall issue to each Holder Additional Warrants
entitling such Holder to purchase an aggregate number of Warrant Shares equal to the product of (i)
10.0% of the Issuer’s Common Stock outstanding immediately following such issuance (calculated on a
fully diluted basis, assuming exercise of all outstanding options, warrants and other convertible
securities, including such Additional Warrants) multiplied by (ii) a fraction (A) the numerator of
which is the aggregate principal amount of Discount Notes registered in the name of such Holder on
the record date immediately preceding the CCF Warrant Payment Date (as defined below) and (B) the
denominator of which is the aggregate principal amount of Discount Notes outstanding on such record
date.

     The Issuer shall deliver such Additional Warrants on June 15, 2009 (the “CCF Warrant
Payment Date”) to the Persons who are registered Holders at the close of business on June 1,
2009, the record date immediately preceding the CCF Warrant Payment Date (whether or not a Business
Day), even if the Discount Notes are cancelled on registration of transfer or registration of
exchange after such record date, and on or before the CCF Warrant Payment Date. If a Holder has
given delivery instructions to the Issuer at least ten Business Days prior to the CCF Warrant
Payment Date, the Issuer shall cause the Warrant Registrar (as defined in the Warrant Agreement) to
register such Additional Warrants in the name directed by, and deliver the Additional Warrants in
accordance with, those instructions. Otherwise, such Additional Warrants will be registered in the
name of, and delivered to, the Holder entitled thereto at the address indicated on the register
maintained by the Registrar for the Discount Notes.

     (b) If Additional Interest becomes payable by the Issuer pursuant to the Registration Rights
Agreement, the Issuer shall issue to each Holder of Discount Notes Additional Warrants entitling
such Holder to purchase an aggregate number of Warrant Shares equal to the product of (i) 5.0% of
the Issuer’s Common Stock outstanding immediately following such issuance (calculated on a fully
diluted basis, assuming exercise of all outstanding options, warrants and other convertible
securities, including such Additional Warrants) multiplied by (ii) a fraction (A) the numerator of
which is the aggregate principal amount of Discount Notes registered in the name of such Holder on
the record date immediately preceding the RD Warrant Payment Date

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(as defined below) and (B) the denominator of which is the aggregate principal amount of
Discount Notes outstanding on such record date. In the event of such failure, the Issuer shall
promptly notify the Trustee in writing; the Trustee will not be deemed to have knowledge of such
failure without having received such written notification.

     The Issuer shall deliver such Additional Warrants on the Interest Payment Date following the
first Event Date (as defined in the Registration Rights Agreement) (the “RD Warrant Payment
Date”) to the Persons who are registered Holders at the close of business on the record date
immediately preceding such Interest Payment Date (whether or not a Business Day) even if the
Discount Notes are cancelled on registration of transfer or registration of exchange after such
record date, and on or before the RD Warrant Payment Date. If a Holder has given delivery
instructions to the Issuer at least ten Business Days prior to the RD Warrant Payment Date, the
Issuer shall cause the Warrant Registrar (as defined in the Warrant Agreement) to register such
Additional Warrants in the name directed by, and deliver the Additional Warrants in accordance
with, those instructions. Otherwise, such Additional Warrants will be registered in the name of,
and delivered to, the Holder entitled thereto at the address indicated on the register maintained
by the Registrar for the Notes.

     (c) Within 60 days following the Issue Date, the Issuer shall cause its certificate of
incorporation to be amended and take all such additional action as is necessary to ensure that,
from such date and at all times thereafter, it has reserved and kept available, free from
preemptive rights, out of the aggregate of its authorized but unissued Common Stock and/or the
authorized and issued Common Stock held in its treasury, for the purpose of enabling it to satisfy
any obligation to issue Warrant Shares upon exercise of Warrants, the maximum number of shares of
common stock that may then be deliverable upon the exercise of all Warrants (then outstanding or
issuable), including Warrants issuable under this Sections 4.18.

SECTION 4.19. Additional Interest.

     If Additional Interest becomes payable by the Issuer pursuant to the Registration Rights
Agreement, the Issuer shall deliver to the Trustee an Officers’ Certificate stating (i) the amount
of Additional Interest due and payable, (ii) the section of the Registration Rights Agreement
pursuant to which Additional Interest is due and payable and (iii) the date on which Additional
Interest is payable. Unless and until the Trustee receives such an Officers’ Certificate, the
Trustee may assume without inquiry that no Additional Interest is payable; provided, that
the failure of the Issuer to deliver to the Trustee such Officers’ Certificate shall not relieve
the Issuer of its obligation to pay any such Additional Interest when due and payable.

SECTION 4.20. Calculation of Original Issue Discount.

     The Issuer shall file with the Trustee within 30 days of the end of each calendar year (i) a
written notice specifying the amount of original issue discount (including daily rates and accrual
periods) accrued on the Discount Notes as of the end of such year and (ii) such other specific
information relating to such original issue discount as may then be relevant under the U.S.
Internal Revenue Code of 1986, as amended.

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ARTICLE FIVE

SUCCESSOR CORPORATION

SECTION 5.01. Limitations on Mergers, Consolidations, Etc.

     (a) The Issuer shall not, directly or indirectly, in a single transaction or a series of
related transactions, (i) consolidate or merge with or into any other Person (other than a merger
with a Wholly Owned Subsidiary solely for the purpose of changing the Issuer’s jurisdiction of
incorporation to another State of the United States), (ii) transfer all or substantially all of the
assets of the Issuer or the Issuer and the Restricted Subsidiaries (taken as a whole) or (iii)
adopt a Plan of Liquidation unless, in any such case:

          (1) either:

     (a) the Issuer will be the surviving or continuing Person; or

     (b) the Person formed by or surviving such consolidation or merger or to which
such sale, lease, conveyance or other disposition shall be made (or, in the case of
a Plan of Liquidation, any Person to which assets are transferred) (collectively,
the “Successor”) is a corporation organized and existing under the laws of
any State of the United States of America or the District of Columbia, and the
Successor expressly assumes, by supplemental indenture in form and substance
satisfactory to the Trustee, all of the obligations of the Issuer under the Discount
Notes, this Indenture, the Registration Rights Agreement and the Collateral
Agreements;

     (2) immediately prior to and immediately after giving effect to such transaction and
the assumption of the obligations as set forth in clause (1)(b) above and the
incurrence of any Indebtedness to be incurred in connection therewith, and the use of any
net proceeds therefrom on a pro forma basis, no Default shall have occurred and be
continuing; and

     (3) immediately after and giving effect to such transaction and the assumption of the
obligations set forth in clause (1)(b) above and the incurrence of any Indebtedness
to be incurred in connection therewith, and the use of any net proceeds therefrom on a pro
forma basis, (a) the Consolidated Net Worth of the Issuer or the Successor, as the case may
be, would be at least equal to the Consolidated Net Worth of the Issuer immediately prior to
such transaction and (b) the Issuer or the Successor, as the case may be, could incur $1.00
of additional Subordinated Indebtedness pursuant to the Coverage Ratio Exception.

For purposes of this Section 5.01, any Indebtedness of the Successor that was not
Indebtedness of the Issuer immediately prior to the transaction shall be deemed to have been
incurred in connection with such transaction.

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     (b) No Guarantor may consolidate with or merge with or into (whether or not such Guarantor is
the surviving Person) another Person, whether or not affiliated with such Guarantor, unless:

          (1) either:

     (a) such Guarantor will be the surviving or continuing Person; or

     (b) the Person formed by or surviving any such consolidation or merger assumes,
by supplemental indenture in form and substance satisfactory to the Trustee, all of
the obligations of such Guarantor under the Discount Note Guarantee of such
Guarantor, this Indenture, the Registration Rights Agreement and the Collateral
Agreements; and

     (2) immediately prior to and immediately after giving effect to such transaction and
the assumption of the obligations as set forth in clause (1)(b) of this Section
5.01 and the incurrence of any Indebtedness to be incurred in connection therewith, and
the use of any net proceeds therefrom on a pro forma basis, no Default shall have occurred
and be continuing.

For purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise, in a single
transaction or series of transactions) of all or substantially all of the assets of one or more
Subsidiaries, the Equity Interests of which constitute all or substantially all of the assets of
the Issuer, will be deemed to be the transfer of all or substantially all of the assets of the
Issuer.

     (c) Notwithstanding the foregoing, any Guarantor may merge into the Issuer or another
Guarantor.

SECTION 5.02. Successor Person Substituted.

     Upon any consolidation, combination or merger of the Issuer or a Guarantor, or any transfer of
all or substantially all of the assets of the Issuer in accordance with Section 5.01, in
which the Issuer or such Guarantor is not the continuing obligor under the Discount Notes or its
Discount Note Guarantee, the surviving entity formed by such consolidation or into which the Issuer
or such Guarantor is merged or to which the conveyance, lease or transfer is made shall succeed to,
and be substituted for, and may exercise every right and power of, the Issuer or such Guarantor
under this Indenture, the Discount Notes and the Discount Note Guarantees with the same effect as
if such surviving entity had been named therein as the Issuer or such Guarantor and, except in the
case of a conveyance, transfer or lease, the Issuer or such Guarantor, as the case may be, shall be
released from the obligation to pay the principal of and interest (including Additional Interest,
if any) on the Discount Notes or in respect of its Discount Note Guarantee, as the case may be, and
all of the Issuer’s or such Guarantor’s other obligations and covenants under the Discount Notes,
this Indenture and its Discount Note Guarantee, if applicable.

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ARTICLE SIX

DEFAULTS AND REMEDIES

SECTION 6.01. Events of Default.

     Each of the following is an “Event of Default”:

     (1) failure by the Issuer to pay interest (including Additional Interest, if any) on
any of the Discount Notes when it becomes due and payable, and the continuance of any such
failure, in each case, for 30 days;

     (2) failure by the Issuer to pay the principal of any of the Discount Notes when it
becomes due and payable, whether at stated maturity, upon redemption, upon purchase, upon
acceleration or otherwise (including the failure to make a payment to purchase Discount
Notes tendered pursuant to a Change of Control Offer or a Net Proceeds Offer);

     (3) failure by the Issuer to comply with any of its agreements or covenants (i) under
Section 4.18, (ii) under Section 5.01, (iii) in respect of its obligations
to make a Net Proceeds Offer under Section 4.09 or (iv) in respect of its
obligations to make a Change of Control Offer under Section 4.17;

     (4) failure by the Issuer to comply with any other agreement or covenant in this
Indenture and continuance of this failure for 30 days after notice of the failure has been
given to the Issuer by the Trustee or by the Holders of at least 25% of the aggregate
Accreted Value of the Discount Notes then outstanding;

     (5) default under any mortgage, indenture or other instrument or agreement under which
there may be issued or by which there may be secured or evidenced Indebtedness of the Issuer
or any Restricted Subsidiary (or the payment of which is guaranteed by the Issuer or any of
its Restricted Subsidiaries), whether such Indebtedness now exists or is incurred after the
Issue Date, which default:

(a) is caused by a failure to pay at final maturity (giving effect to any
applicable grace periods and any extensions thereof) principal on such
Indebtedness within the applicable express grace period,

(b) results in the acceleration of such Indebtedness prior to its express
final maturity or

(c) results in the commencement of judicial proceedings to foreclose upon,
or to exercise remedies under applicable law or applicable security
documents to take ownership of, the assets securing such Indebtedness, and

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in each case, the principal amount of such Indebtedness, together with the principal amount
of any other Indebtedness with respect to which an event described in clause (a),
(b) or (c) has occurred and is continuing, aggregates $5.0 million or more;

     (6) one or more judgments or orders that exceed $5.0 million in the aggregate (net of
amounts covered by insurance or bonded) for the payment of money have been entered by a
court or courts of competent jurisdiction against the Issuer or any Restricted Subsidiary
and such judgment or judgments have not been satisfied, stayed, annulled or rescinded within
60 days of being entered;

     (7) the Issuer or any Significant Subsidiary pursuant to or within the meaning of the
Bankruptcy Code:

(a) commences a voluntary case,

(b) consents to the entry of an order for relief against it in an
involuntary case,

(c) consents to the appointment of a Custodian of it or for all or
substantially all of its assets, or

(d) makes a general assignment for the benefit of its creditors;

     (8) a court of competent jurisdiction enters an order or decree under the Bankruptcy
Code that:

(a) is for relief against the Issuer or any Significant Subsidiary as debtor
in an involuntary case,

(b) appoints a Custodian of the Issuer or any Significant Subsidiary or a
Custodian for all or substantially all of the assets of the Issuer or any
Significant Subsidiary, or

(c) orders the liquidation of the Issuer or any Significant Subsidiary, and
the order or decree remains unstayed and in effect for 60 days;

     (9) any Discount Note Guarantee ceases to be in full force and effect (other than in
accordance with the terms of such Discount Note Guarantee and this Indenture) or is declared
null and void and unenforceable or found to be invalid, or any Guarantor denies its
liability under its Discount Note Guarantee (other than by reason of release of a Guarantor
from its Discount Note Guarantee in accordance with the terms of this Indenture and the
Discount Note Guarantee);

     (10) any failure to comply with any material agreement or material covenant in any of
the Collateral Agreements, and such failure or breach shall continue for a period of 30 days
after written notice is given to the Issuer by the Trustee, the Collateral Agent or the
Disbursement Agent, or to the Issuer, the Trustee, the Disbursement Agent and the

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Collateral Agent by the Holders of at least 25% of the aggregate Accreted Value of the
Discount Notes then outstanding; or

     (11) (i) any of the Collateral Agreements at any time for any reason ceases to be in
full force and effect, or is declared null and void, or shall cease to be effective to give
the Collateral Agent, the liens with the priority purported to be created thereby (subject
to the Intercreditor Agreement) subject to no other Liens (in each case, other than
Permitted Liens or by reason of the termination of this Indenture or the applicable
Collateral Agreement in accordance with its terms), or (ii) the Issuer or any Guarantor
denies any obligation of the Issuer or any Guarantor set forth in or arising under, any
Collateral Agreement.

SECTION 6.02. Acceleration.

     If an Event of Default (other than an Event of Default specified in clause (7) or
(8) of Section 6.01 with respect to the Issuer), shall have occurred and be
continuing, the Trustee, by written notice to the Issuer, or the Holders of at least 25% of the
aggregate Accreted Value of the Discount Notes then outstanding by written notice to the Issuer and
the Trustee, may declare (an “acceleration declaration”) all amounts owing under the
Discount Notes to be due and payable immediately. Upon such acceleration declaration, the
aggregate principal of and accrued and unpaid interest (including Additional Interest, if any) on
the outstanding Discount Notes shall immediately become due and payable; provided, that
after such acceleration declaration, but before a judgment or decree based on acceleration, the
Holders of a majority of the aggregate Accreted Value of such outstanding Discount Notes may, in
accordance with Section 6.04, rescind and annul such acceleration if all Events of Default,
other than the nonpayment of accelerated principal and interest (including Additional Interest, if
any) have been cured or waived as provided in this Indenture. If an Event of Default specified in
clause (7) or (8) of Section 6.01 with respect to the Issuer occurs, all
outstanding Discount Notes shall become due and payable without any further action or notice.

SECTION 6.03. Other Remedies.

     (a) If an Event of Default occurs and is continuing, the Trustee may pursue any available
remedy by proceeding at law or in equity to collect the payment of principal of and interest
(including Additional Interest, if any) on the Discount Notes or to enforce the performance of any
provision of the Discount Notes or this Indenture and may take any necessary action requested of it
as Trustee to settle, compromise, adjust or otherwise conclude any proceedings to which it is a
party.

     (b) The Trustee may maintain a proceeding even if it does not possess any of the Discount
Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any
Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the
right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is
exclusive of any other remedy. All available remedies are cumulative. Any costs associated with
actions taken by the Trustee under this Section 6.03 shall be reimbursed to the Trustee by
the Issuer.

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SECTION 6.04. Waiver of Past Defaults and Events of Default.

     Subject to Sections 6.02, 6.08 and 8.02, the Holders of a majority of
the aggregate Accreted Value of the Discount Notes then outstanding have the right to waive any
existing Default or compliance with any provision of this Indenture or the Discount Notes. Upon
any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom
shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall
extend to any subsequent or other Default or impair any right consequent thereto.

SECTION 6.05. Control by Majority.

     The Holders of a majority of the aggregate Accreted Value of the Discount Notes then
outstanding may 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 by this
Indenture. The Trustee, however, may refuse to follow any direction that conflicts with law or
this Indenture or that the Trustee determines may be unduly prejudicial to the rights of another
Holder not taking part in such direction, and the Trustee shall have the right to decline to follow
any such direction if the Trustee, being advised by counsel, determines that the action so directed
may not lawfully be taken or if the Trustee in good faith shall, by a Responsible Officer,
determine that the proceedings so directed may involve it in personal liability or be unduly
prejudicial to the rights of another Holder; provided, that the Trustee may take any other
action deemed proper by the Trustee which is not inconsistent with such direction.

SECTION 6.06. Limitation on Suits.

     No Holder will have any right to institute any proceeding with respect to this Indenture or
for any remedy thereunder, unless the Trustee:

     (1) has failed to act for a period of 60 days after receiving written notice of a
continuing Event of Default by such Holder and a request to act by Holders of at least 25%
of the aggregate Accreted Value of the Discount Notes then outstanding;

     (2) has been offered indemnity satisfactory to it in its reasonable judgment; and

     (3) has not received from the Holders of a majority of the aggregate Accreted Value of
the Discount Notes then outstanding a direction inconsistent with such request.

However, such limitations do not apply to a suit instituted by a Holder of any Discount Note for
enforcement of payment of the principal of or interest (including Additional Interest, if any) on
such Discount Note on or after the due date therefor (after giving effect to the grace period
specified in clause (1) of Section 6.01).

SECTION 6.07. No Personal Liability of Directors, Officers and Employees.

     No director, officer, employee or incorporator of the Issuer or any Guarantor will have any
liability for any obligations of the Issuer under the Discount Notes or this Indenture or of any
Guarantor under its Discount Note Guarantee or this Indenture or for any claim based on, in

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respect of, or by reason of, such obligations or their creation. Each Holder by
accepting a Discount Note waives and releases all such liability. The waiver and release are part
of the consideration for issuance of the Discount Notes and the Discount Note Guarantees and the
granting of the Discount Note Liens.

SECTION 6.08. Rights of Holders To Receive Payment.

     Notwithstanding any other provision of this Indenture, the right of any Holder of a Discount
Note to receive payment of principal of and interest (including Additional Interest, if any) of the
Discount Note on or after the respective due dates expressed in the Discount Note, or to bring suit
for the enforcement of any such payment on or after such respective dates, is absolute and
unconditional and shall not be impaired or affected without the consent of the Holder.

SECTION 6.09. Collection Suit by Trustee.

     If an Event of Default in payment of principal or interest (including Additional Interest, if
any) specified in clause (1) or (2) of Section 6.01 occurs and is
continuing, the Trustee may recover judgment in its own name and as trustee of an express trust
against the Issuer or any Guarantor (or any other obligor on the Discount Notes) for the whole
amount of unpaid principal and accrued interest (including Additional Interest, if any) remaining
unpaid, together with interest on overdue principal and, to the extent that payment of such
interest is lawful, interest on overdue installments of interest, in each case at the rate set
forth in the Discount Notes, and such further amounts 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.

SECTION 6.10. Trustee May File Proofs of Claim.

     (a) The Trustee may file such proofs of claim and other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and any other amounts due the Trustee under Section 7.07) and the Holders allowed
in any judicial proceedings relative to the Issuer or any Guarantor (or any other obligor upon the
Discount Notes), its creditors or its property and shall be entitled and empowered to collect and
receive any monies or other property payable or deliverable on any such claims and to distribute
the same after deduction of its charges and expenses to the extent that any such charges and
expenses are not paid out of the estate in any such proceedings and any custodian in any such
judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and
in the event that the Trustee shall consent to the making of such payments directly to the Holders,
to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 7.07.

     (b) Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent
to or accept or adopt on behalf of any Holder any plan or reorganization, arrangement,

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adjustment or composition affecting the Discount Notes 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 proceedings.

SECTION 6.11. Priorities.

     If the Trustee collects any money pursuant to this Article Six, it shall pay out the
money in the following order:

     FIRST: to the Trustee for amounts due under Section 7.07;

     SECOND: to Holders for amounts due and unpaid on the Discount Notes for principal and
interest (including Additional Interest, if any) as to each, ratably, without preference or
priority of any kind, according to the amounts due and payable on the Discount Notes; and

     THIRD: to the Issuer or, to the extent the Trustee collects any amount from any Guarantor, to
such Guarantor.

     The Trustee may fix a record date and payment date for any payment to Holders pursuant to this
Section 6.11.

SECTION 6.12. 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 or omitted by it as Trustee, a court in its discretion may
require the filing by any party litigant in the suit of an undertaking to pay the costs of the
suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in the suit, having due regard to the merits and good faith of the
claims or defenses made by the party litigant. This Section 6.12 does not apply to a suit
by the Trustee, a suit by a Holder pursuant to Section 6.08 or a suit by Holders of more
than 10% of the aggregate Accreted Value of the Discount Notes then outstanding.

SECTION 6.13. 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 case, subject to any
determination in such proceeding, the Issuer, any Guarantor, 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.

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ARTICLE SEVEN

TRUSTEE

SECTION 7.01. Duties of Trustee.

     (a) If an Event of Default actually known to a Responsible Officer of the Trustee 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 same circumstances in the conduct of his or her own affairs.

     (b) Except during the continuance of an Event of Default:

     (1) The Trustee need perform only those duties that are specifically set forth in this
Indenture and no others; 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 be furnished to the Trustee, the Trustee shall be under
a duty to examine the same to determine whether or not they conform on their face to the
requirements of this Indenture (but need not confirm or investigate the accuracy of
mathematical calculations or other facts, the truthfulness of statements or the correctness
of opinions stated therein).

     (c) The Trustee may not be relieved from liability for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that:

     (1) This subsection (c) does not limit the effect of subsection (b) of
this Section 7.01;

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

     (3) The Trustee shall not be liable with respect to any action it takes or omits to
take in good faith in accordance with a direction received by it pursuant to the terms
hereof; 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 rights,
powers or duties if it shall have reasonable grounds for believing that repayment of such
funds or adequate indemnity satisfactory to it against such risk or liability is not
reasonably assured to it.

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     (d) Whether or not therein expressly so provided, subsections (a), (b),
(c) and (e) of this Section 7.01 and the provisions of the TIA shall govern
every provision of this Indenture that in any way relates to the Trustee.

     (e) The Trustee may refuse to perform any duty or exercise any right or power unless it
receives indemnity satisfactory to it in its sole discretion against any loss, liability, expense
or fee.

     (f) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Issuer or any Guarantor. Money held in trust by the Trustee
need not be segregated from other funds except to the extent required by the law.

SECTION 7.02. Rights of Trustee.

Subject to Section 7.01:

     (a) The Trustee may rely on any document reasonably believed by it to be genuine and to
have been signed or presented by the proper person. The Trustee need not investigate any
fact or matter stated in the document.

     (b) Before the Trustee acts or refrains from acting, it may require an Officers’
Certificate or an Opinion of Counsel, or both, which shall conform to the provisions of
Section 12.04. The Trustee shall be protected and shall not be liable for any
action it takes or omits to take in good faith in reliance on such certificate or opinion.

     (c) The Trustee may act through its attorneys and agents and shall not be responsible
for the misconduct or negligence of any agent appointed by it with due care.

     (d) The Trustee shall not be liable for any action it takes or omits to take in good
faith which it reasonably believes to be authorized or within its rights or powers;
provided, that the Trustee’s conduct does not constitute gross negligence or willful
misconduct.

     (e) The Trustee may consult with counsel of its selection, and the advice or opinion of
such counsel as to matters of law shall be full and complete authorization and protection
from liability in respect of any action taken, omitted or suffered by it hereunder in good
faith and in accordance with the advice or opinion of such counsel.

     (f) Except with respect to Sections 4.01, 4.02 and 4.04, the
Trustee shall have no duty to inquire as to the performance of the Issuer’s and any
Guarantor’s covenants in Article Four hereof. In addition, the Trustee shall not be
deemed to have knowledge of any Default or Event of Default except (1) any Event of Default
occurring pursuant to clause (1) or (2) of Section 6.01 or (ii) any
Default or Event of Default of which the Trustee shall have received written notice in the
manner set forth in this Indenture or an officer of the Trustee shall have obtained actual
knowledge. Delivery of reports, information and documents to the Trustee under Section
4.02 is for informational purposes only and the Trustee’s receipt of the foregoing shall
not constitute constructive notice of any information contained therein or determinable from
information contained

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therein, including the Issuer’s and the Guarantors’ compliance with any of their
covenants thereunder (as to which the Trustee is entitled to rely exclusively on an
Officers’ Certificate).

SECTION 7.03. Individual Rights of Trustee.

     The Trustee in its individual or any other capacity may become the owner or pledgee of
Discount Notes and may make loans to, accept deposits from, perform services for or otherwise deal
with the either of the Issuer or any Guarantor, or any Affiliates thereof, with the same rights it
would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee,
however, shall be subject to Sections 7.11 and 7.12.

SECTION 7.04. Recording and Opinions.

     The Issuer shall furnish to the Trustee on each anniversary of the Issue Date, commencing on
December 30, 2006, an Opinion of Counsel (who may be in-house counsel of the Issuer), dated as of
such date, either stating that in the opinion of such counsel that such action has been taken with
respect to the recording, filing, re-recording, and re-filing of any documents necessary to
maintain the Lien of the Collateral Agent in the Collateral, and reciting the details of such
action, or stating that in the opinion of such counsel no such action is necessary to maintain such
Lien.

SECTION 7.05. Trustee’s Disclaimer.

     The Trustee shall not be responsible for and makes no representation as to the validity or
adequacy of this Indenture or the Discount Notes or any Discount Note Guarantee, it shall not be
accountable for the Issuer’s or any Guarantor’s use of the proceeds from the sale of Discount Notes
or any money paid to the Issuer or any Guarantor pursuant to the terms of this Indenture and it
shall not be responsible for any statement in the Discount Notes, Discount Note Guarantee or this
Indenture other than its certificate of authentication.

SECTION 7.06. Notice of Defaults.

     If a Default occurs and is continuing and if it is actually known to the Trustee, the Trustee
shall electronically deliver or mail to each Holder notice of the Default within 30 days after it
occurs or after the Trustee acquires knowledge thereof. Except in the case of a Default in payment
of principal of or interest on any Discount Note , the Trustee may withhold the notice if and so
long as the Trustee in good faith determines that withholding the notice is in the interests of
Holders.

SECTION 7.07. Reports by Trustee to Holders.

     (a) If required by TIA § 313(a), within 60 days after May 15 of any year, commencing on May
15, 2006 the Trustee shall, at the expense of the Issuer, electronically transmit or mail to each
Holder a brief report dated as of such May 15 that complies with TIA § 313(a). The Trustee also
shall comply with TIA § 313(b)(2). The Trustee shall also transmit by mail all reports as required
by TIA § 313(c) and TIA § 313(d).

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     (b) Reports pursuant to this Section 7.07 shall be electronically transmitted or
delivered by mail:

     (1) to all Holders of Discount Notes, as the names and addresses of such Holders appear
on the Registrar’s books; and

     (2) to such Holders of Discount Notes as have, within the two years preceding such
transmission, filed their names and addresses with the Trustee for that purpose.

     (c) A copy of each report at the time of its mailing to Holders shall be filed with the SEC
and each stock exchange on which the Discount Notes are listed. The Issuer shall promptly notify
the Trustee when the Discount Notes are listed on any stock exchange.

SECTION 7.08. Compensation and Indemnity.

     (a) The Issuer and the Guarantors, if any, shall pay to the Trustee and Agents from time to
time reasonable compensation for its services hereunder (which compensation shall not be limited by
any provision of law in regard to the compensation of a trustee of an express trust). The Issuer
and the Guarantors, if any, shall reimburse the Trustee and Agents upon request for all reasonable
disbursements, expenses and advances incurred or made by it in connection with its duties under
this Indenture, including the reasonable compensation, disbursements and expenses of the Trustee’s
agents and counsel.

     (b) The Issuer and the Guarantors, if any, shall jointly and severally indemnify each of the
Trustee and any predecessor Trustee for, and hold each of them harmless against, any and all loss,
damage, claim, liability or expense, including without limitation taxes (other than taxes based on
the income of the Trustee or such Agent) and reasonable attorneys’ fees and expenses incurred by
each of them in connection with the acceptance or performance of its duties under this Indenture
including the reasonable costs and expenses of defending itself against any claim or liability in
connection with the exercise or performance of any of its powers or duties hereunder (including,
without limitation, settlement costs). The Trustee or Agent shall notify the Issuer and the
Guarantors, if any, in writing promptly of any claim asserted against the Trustee or Agent for
which it may seek indemnity. However, the failure by the Trustee or Agent to so notify the Issuer
or any Guarantor shall not relieve the Issuer or such Guarantor of their obligations hereunder
except to the extent the Issuer or such Guarantor is prejudiced thereby.

     (c) Notwithstanding the foregoing, the Issuer and the Guarantors, if any, need not reimburse
the Trustee for any expense or indemnify it against any loss or liability incurred by the Trustee
through its negligence or bad faith. To secure the payment obligations of the Issuer and the
Guarantors, if any, in this Section 7.08, the Trustee shall have a lien prior to the
Discount Notes on all money or property held or collected by the Trustee except such money or
property held in trust to pay principal of and interest (including Additional Interest, if any) on
particular Discount Notes. The obligations of the Issuer and the Guarantors, if any, under this
Section 7.08 to compensate and indemnify the Trustee, Agents and each predecessor Trustee
and to pay or reimburse the Trustee, Agents and each predecessor Trustee for expenses,
disbursements and advances shall be joint and several liabilities of the Issuer and each Guarantor,
if any, and shall survive the resignation or removal of the Trustee and the satisfaction, discharge
or other

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termination of this Indenture, including any termination or rejection hereof under the
Bankruptcy Code.

     (d) When the Trustee incurs expenses or renders services after an Event of Default specified
in clause (7) or (8) of Section 6.01 occurs, the expenses and the
compensation for the services are intended to constitute expenses of administration under the
Bankruptcy Code.

     (e) For purposes of this Section 7.08, the term “Trustee” shall include any trustee
appointed pursuant to this Article Seven.

SECTION 7.09. Replacement of Trustee.

     (a) The Trustee may resign by so notifying the Issuer and the Guarantors, if any, in writing.
The Holders of a majority of the aggregate Accreted Value of the Discount Notes then outstanding
may remove the Trustee by notifying the Issuer and the removed Trustee in writing and may appoint a
successor Trustee with the Issuer’s written consent, which consent shall not be unreasonably
withheld. The Issuer may remove the Trustee at its election if:

     (1) the Trustee fails to comply with Section 7.11;

     (2) the Trustee is adjudged a bankrupt or an insolvent;

     (3) a receiver or other public officer takes charge of the Trustee or its property; or

     (4) the Trustee otherwise becomes incapable of acting.

     (b) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for
any reason, the Issuer shall promptly appoint a successor Trustee.

     (c) If a successor Trustee does not take office within 60 days after the retiring Trustee
resigns or is removed, the retiring Trustee, the Issuer or the Holders of a majority of the
aggregate Accreted Value of the Discount Notes then outstanding may petition any court of competent
jurisdiction for the appointment of a successor Trustee.

     (d) If the Trustee fails to comply with Section 7.11, any Holder may petition any
court of competent jurisdiction for the removal of the Trustee and the appointment of a successor
Trustee.

     (e) A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Issuer. Immediately following such delivery, the retiring Trustee shall,
subject to its rights under Section 7.08, transfer all property held by it as Trustee to
the successor Trustee, the resignation or removal of the retiring Trustee shall become effective,
and the successor Trustee shall have all the rights, powers and duties of the Trustee under this
Indenture. A successor Trustee shall mail notice of its succession to each Holder.
Notwithstanding replacement of the Trustee pursuant to this Section 7.09, the Issuer
obligations under Section 7.08 shall continue for the benefit of the retiring Trustee.

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SECTION 7.10. Successor Trustee by Consolidation, Merger, etc.

     If the Trustee consolidates with, merges or converts into, or transfers all or substantially
all of its corporate trust assets to, another entity, subject to Section 7.11, the
successor entity without any further act shall be the successor Trustee; provided, that
such entity shall be otherwise qualified and eligible under this Article Seven.

SECTION 7.11. Eligibility; Disqualification.

     This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1)
and (2) in every respect. The Trustee (together with its corporate parent) shall have a combined
capital and surplus of at least $75,000,000 as set forth in the most recent applicable published
annual report of condition. The Trustee shall comply with TIA § 310(b), including the provision in
§ 310(b)(1).

SECTION 7.12. Preferential Collection of Claims Against Issuer.

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

SECTION 7.13. Paying Agents.

     The Issuer shall cause each Paying Agent other than the Trustee to execute and deliver to it
and the Trustee an instrument in which such agent shall agree with the Trustee, subject to the
provisions of this Section 7.13:

     (a) that it will hold all sums held by it as agent for the payment of principal of or
interest (including Additional Interest, if any) on, the Discount Notes (whether such sums
have been paid to it by the Issuer or by any obligor on the Discount Notes) in trust for the
benefit of Holders or the Trustee;

     (b) that it will at any time during the continuance of any Event of Default, upon
written request from the Trustee, deliver to the Trustee all sums so held in trust by it
together with a full accounting thereof; and

     (c) that it will give the Trustee written notice within three (3) Business Days of any
failure of the Issuer (or by any obligor on the Discount Notes) in the payment of any
installment of the principal of or interest (including Additional Interest, if any) on, the
Discount Notes when the same shall be due and payable.

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ARTICLE EIGHT

AMENDMENTS, SUPPLEMENTS AND WAIVERS

SECTION 8.01. Without Consent of Holders.

     (a) The Issuer, the Guarantors, if any, and the Trustee may amend, waive or supplement this
Indenture, the Discount Note Guarantees, the Collateral Agreements, the Registration Rights
Agreement or the Discount Notes without consent of any Holder:

     (1) to cure any ambiguity, defect or inconsistency,

     (2) to provide for uncertificated Discount Notes in addition to or in place of
certificated Discount Notes,

     (3) to provide for the assumption of the Issuer’s obligations to the Holders in the
case of a merger, consolidation or sale of all or substantially all of the assets in
accordance with Section 5.01,

     (4) to release any Guarantor from any of its obligations under its Discount Note
Guarantee, this Indenture (to the extent permitted by this Indenture) or the Collateral
Agreements,

     (5) to make any change that does not materially adversely affect the rights of any
Holder, or

     (6) to maintain the qualification of this Indenture under the Trust Indenture Act.

     (b) Upon written request of the Issuer, accompanied by a Board Resolution authorizing the
execution of any such supplemental indenture, the Trustee is hereby authorized to join with the
Issuer and the Guarantors, if any, in the execution of any supplemental indenture authorized or
permitted by the terms of this Indenture and to make any further appropriate agreements and
stipulations which may be therein contained, but the Trustee shall not be obligated to enter into
any such supplemental indenture which adversely affects its own rights, duties or immunities under
this Indenture.

SECTION 8.02. With Consent of Holders.

     (a) This Indenture, the Discount Notes, the Registration Rights Agreement and the Collateral
Agreements may be amended with the consent (which may include consents obtained in connection with
a tender offer or exchange offer for Discount Notes) of the Holders of at least a majority of the
aggregate Accreted Value of the Discount Notes then outstanding, and any existing Default under, or
compliance with any provision of, this Indenture and the Collateral Agreements may be waived (other
than any continuing Default in the payment of the principal or interest (including Additional
Interest, if any) on the Discount Notes) with the consent (which may include consents obtained in
connection with a tender offer or exchange offer for Discount

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Notes) of the Holders of a majority of the aggregate Accreted Value of the Discount Notes then
outstanding; provided, that:

     (1) no such amendment or waiver may, without the consent of the Holders of two-thirds
of the aggregate Accreted Value of the Discount Notes then outstanding, amend the
obligations of the Issuer under Sections 4.09, 4.17, 4.18 or
4.19 or the related definitions in a manner that adversely affects the rights of any
Holder;

     (2) no such amendment or waiver may, without the consent of Holders of two-thirds of
the aggregate Accreted Value of the Discount Notes then outstanding, have the effect of
releasing all or substantially all of the Collateral from the Discount Note Liens; and

     (3) without the consent of each Holder affected, no amendment or waiver may:

(a) reduce, or change the maturity, of the principal of any Discount Note;

(b) reduce the rate of or extend the time for payment of interest or Additional
Interest on any Discount Note;

(c) reduce any premium payable upon optional redemption of the Discount Notes or
change the date on which any Discount Notes are subject to redemption (other than
provisions relating to the purchase of Discount Notes under Section 4.09 and
Section 4.17 (subject to subsection (a) of this Section
8.02) except that if a Change of Control has occurred, no amendment or other
modification of the obligation of the Issuer to make a Change of Control Offer
relating to such Change of Control shall be made without the consent of each Holder
of the Discount Notes affected);

(d) make any Discount Note payable in money or currency other than that stated in
the Discount Notes;

(e) modify or change any provision of this Indenture or the related definitions to
affect the ranking of the Discount Notes or any Discount Note Guarantee in a manner
that adversely affects the Holders;

(f) reduce the percentage of Holders necessary to consent to an amendment or waiver
to this Indenture, the Discount Notes or the Collateral Agreements;

(g) waive a default in the payment of principal of or interest (including Additional
Interest, if any) on any Discount Notes (except a rescission of acceleration of the
Discount Notes by the Holders thereof as provided in this Indenture and a waiver of
the payment default that resulted from such acceleration);

(h) impair the rights of Holders to receive payments of principal of or interest and
Additional Interest on the Discount Notes;

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(i) release any Guarantor from any of its obligations under its Discount Note
Guarantee or this Indenture, except as permitted by this Indenture; or

(j) make any change in these amendment and waiver provisions.

     (b) After an amendment, supplement or waiver under this Section 8.02 becomes
effective, the Issuer shall mail to the Holders a notice briefly describing the amendment,
supplement or waiver.

     (c) Upon the written request of the Issuer, accompanied by a Board Resolution authorizing the
execution of any such supplemental indenture, and upon the receipt by the Trustee of evidence
reasonably satisfactory to the Trustee of the consent of the Holders as aforesaid and upon receipt
by the Trustee of the documents described in Section 8.06, the Trustee shall join with the
Issuer and the Guarantors, if any, in the execution of such supplemental indenture unless such
supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture,
in which case the Trustee may, but shall not be obligated to, enter into such supplemental
indenture.

     (d) It shall not be necessary for the consent of the Holders under this Section 8.02
to approve the particular form of any proposed amendment, supplement or waiver, and it shall be
sufficient if such consent approves the substance thereof.

SECTION 8.03. Compliance with Trust Indenture Act.

     Every amendment or supplement to this Indenture or the Discount Notes shall comply with the
TIA as then in effect.

SECTION 8.04. Revocation and Effect of Consents.

     (a) Until an amendment, supplement, waiver or other action becomes effective, a consent to it
by a Holder of a Discount Note is a continuing consent conclusive and binding upon such Holder and
every subsequent Holder of the same Discount Note or portion thereof, and of any Discount Note
issued upon the transfer thereof or in exchange therefor or in place thereof, even if notation of
the consent is not made on any such Discount Note. Any such Holder or subsequent Holder, however,
may revoke the consent as to his Discount Note or portion of a Discount Note, if the Trustee
receives the written notice of revocation before the date the amendment, supplement, waiver or
other action becomes effective.

     (b) The Issuer may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to consent to any amendment, supplement, or waiver. If a record
date is fixed, then, notwithstanding subsection (a) above, those Persons who were Holders
at such record date (or their duly designated proxies), and only such Persons, shall be entitled to
consent to such amendment, supplement, or waiver or to revoke any consent previously given, whether
or not such Persons continue to be Holders after such record date. No such consent shall be valid
or effective for more than 90 days after such record date unless the consent of the requisite
number of Holders has been obtained.

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     (c) After an amendment, supplement, waiver or other action becomes effective, it shall bind
every Holder, unless it makes a change described in any of clauses (a) through (j)
of Section 8.02(a)(3). In that case the amendment, supplement, waiver or other action
shall bind each Holder of a Discount Note who has consented to it and every subsequent Holder of a
Discount Note or portion of a Discount Note that evidences the same debt as the consenting Holder’s
Discount Note.

SECTION 8.05. Notation on or Exchange of Discount Notes.

     If an amendment, supplement, or waiver changes the terms of a Discount Note, the Trustee (in
accordance with the specific written direction of the Issuer) shall request the Holder of the
Discount Note (in accordance with the specific written direction of the Issuer) to deliver it to
the Trustee. In such case, the Trustee shall place an appropriate notation on the Discount Note
about the changed terms and return it to the Holder. Alternatively, if the Issuer or the Trustee
so determines, the Issuer in exchange for the Discount Note shall issue, the Guarantors, if any,
shall endorse, and the Trustee shall authenticate a new Discount Note that reflects the changed
terms. Failure to make the appropriate notation or issue a new Discount Note shall not affect the
validity and effect of such amendment, supplement or waiver.

SECTION 8.06. Trustee To Sign Amendments, etc.

     The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this
Article Eight if the amendment, supplement or waiver does not adversely affect the rights,
duties, liabilities, indemnities or immunities of the Trustee. If it does, the Trustee may, but
need not, sign it. In signing or refusing to sign such amendment, supplement or waiver the Trustee
shall be entitled to receive and, subject to Section 7.01, shall be fully protected in
relying upon an Officers’ Certificate and an Opinion of Counsel stating, in addition to the matters
required by Section 12.04, that such amendment, supplement or waiver is authorized or
permitted by this Indenture and is a legal, valid and binding obligation of the Issuer and the
Guarantors, if any, enforceable against the Issuer and the Guarantors, if any, in accordance with
its terms (subject to customary exceptions).

ARTICLE NINE

DISCHARGE OF INDENTURE; DEFEASANCE

SECTION 9.01. Discharge of Indenture.

     (a) The Issuer may terminate its obligations and the obligations of any Guarantor under the
Discount Notes, the Discount Note Guarantees and this Indenture, except the obligations referred to
in subsection (e) of this Section 9.01, if

     (1) all the Discount Notes that have been authenticated and delivered (except lost,
stolen or destroyed Discount Notes which have been replaced or paid and Discount Notes for
whose payment money has been deposited in trust or segregated and held in trust by the
Issuer and thereafter repaid to the Issuer or discharged from this trust) have been
delivered to the Trustee for cancellation, or

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     (2) (a) all Discount Notes not delivered to the Trustee for cancellation otherwise have
become due and payable or have been called for redemption pursuant to paragraph 5 of the
Discount Notes, and the Issuer has irrevocably deposited or caused to be deposited with the
Trustee trust funds in trust in an amount of money sufficient to pay and discharge the
entire Indebtedness (including all principal and accrued interest and Additional Interest,
if any) on the Discount Notes not theretofore delivered to the Trustee for cancellation,

     (b) the Issuer has paid all sums payable by it under this Indenture,

     (c) the Issuer has delivered irrevocable instructions to the Trustee to apply
the deposited money toward the payment of the Discount Notes at maturity or on the
date of redemption, as the case may be, and

     (d) the Holders have a valid, perfected, exclusive security interest in this
trust.

     (b) In addition, the Issuer must deliver an Officers’ Certificate and an Opinion of Counsel
(as to legal matters) stating that all conditions precedent to satisfaction and discharge have been
complied with.

     (c) After such delivery, the Trustee shall acknowledge in writing the discharge of the
Issuer’s and any Guarantor’s obligations under the Discount Notes, the Discount Note Guarantees and
this Indenture except for those surviving obligations specified below.

     (d) The Discount Note Liens will be released as provided under Section 11.04 upon a
satisfaction and discharge in accordance with this Section 9.01.

     (e) Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Issuer in Sections 7.08, 9.05 and 9.06 shall survive.

SECTION 9.02. Legal Defeasance.

     The Issuer may, at its option and at any time, by Board Resolution of the Board of Directors
of the Issuer, elect to be discharged from its obligations with respect to the Discount Notes and
any Guarantors discharged from their obligations under the Discount Note Guarantees at any time on
and after the date the conditions set forth in Section 9.04 are satisfied (hereinafter,
“Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer shall
be deemed to have paid and discharged the entire indebtedness represented by the Discount Notes and
to have satisfied all its other obligations under such Discount Notes and this Indenture insofar as
such Discount Notes are concerned (and the Trustee, at the expense of the Issuer, shall, subject to
Section 9.06, execute instruments in form and substance reasonably satisfactory to the
Trustee and Issuer acknowledging the same), except for the following which shall survive until
otherwise terminated or discharged hereunder: (A) the rights of Holders of outstanding Discount
Notes to receive solely from the trust funds described in Section 9.04 and as more fully
set forth in such Section, payments in respect of the principal of, and interest (including
Additional Interest, if any) on such Discount Notes when such payments are due, (B) the Issuer’s
obligations with respect to such Discount Notes under Sections 2.03, 2.04, 2.05, 2.06, 2.07,
2.08 

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and, 2.11, (C) the rights, powers, trusts, duties, and immunities of the Trustee
hereunder (including claims of, or payments to, the Trustee under or pursuant to Section
7.08) and the Issuer’s obligations herewith and (D) this Article Nine. Subject to
compliance with this Article Nine, the Issuer may exercise its option under this
Section 9.02 with respect to the Discount Notes notwithstanding the prior exercise of its
option under Section 9.03 with respect to the Discount Notes.

SECTION 9.03. Covenant Defeasance.

     The Issuer may, at its option and at any time, by Board Resolution of the Board of Directors
of the Issuer, elect to have (x) the Issuer and the Guarantors be released from their respective
obligations under Sections 4.02 (except for obligations mandated by the TIA), 4.05
through 4.17, inclusive and clause (3) of Section 5.01(a) and (y)
Section 6.01 (5) and (6) no longer apply with respect to the outstanding
Discount Notes on and after the date the conditions set forth in Section 9.04 are satisfied
(hereinafter, “Covenant Defeasance”). For this purpose, such Covenant Defeasance means
that the Issuer and the Guarantors 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 or portion thereof,
whether directly or indirectly by reason of any reference elsewhere herein to any such specified
Section or portion thereof or by reason of any reference in any such specified Section or portion
thereof to any other provision herein or in any other document, but the remainder of this Indenture
and the Discount Notes shall be unaffected thereby.

SECTION 9.04. Conditions to Defeasance or Covenant Defeasance.

     (a) The following shall be the conditions to application of Section 9.02 or
Section 9.03 to the outstanding Discount Notes:

     (1) the Issuer must irrevocably deposit with the Trustee, in trust, for the benefit of
the Holders, U.S. legal tender, U.S. Government Obligations or a combination thereof, in
such amounts as will be sufficient (without reinvestment) in the opinion of a nationally
recognized firm of independent public accountants selected by the Issuer, to pay the
principal of and interest (including Additional Interest, if any) on the Discount Notes on
the stated date for payment or on the Redemption Date of the principal or installment of
principal of or interest (including Additional Interest, if any) on the Discount Notes, and
the Trustee must have a valid, perfected, exclusive security interest in such trust,

     (2) in the case of Legal Defeasance, the Issuer shall have delivered to the Trustee an
Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming
that:

     (a) the Issuer has received from, or there has been published by the Internal
Revenue Service, a ruling, or

     (b) since the date hereof, there has been a change in the applicable U.S.
federal income tax law,

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in either case to the effect that, and based thereon this Opinion of Counsel shall confirm
that, the Holders will not recognize income, gain or loss for U.S. federal income tax
purposes as a result of the Legal Defeasance and will be subject to U.S. federal income tax
on the same amounts, in the same manner and at the same times as would have been the case if
such Legal Defeasance had not occurred,

     (3) in the case of Covenant Defeasance, the Issuer shall have delivered to the Trustee
an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming
that the Holders will not recognize income, gain or loss for U.S. federal income tax
purposes as a result of such Covenant Defeasance and will be subject to U.S. federal income
tax on the same amounts, in the same manner and at the same times as would have been the
case if the Covenant Defeasance had not occurred,

     (4) no Default shall have occurred and be continuing on the date of such deposit (other
than a Default resulting from the borrowing of funds to be applied to such deposit and the
grant of any Lien securing such borrowing),

     (5) the Legal Defeasance or Covenant Defeasance shall not result in a breach or
violation of, or constitute a Default under this Indenture or a default under any other
material agreement or instrument to which the Issuer or any of its Subsidiaries is a party
or by which the Issuer or any of its Subsidiaries is bound (other than any such Default or
default resulting solely from the borrowing of funds to be applied to such deposit and the
grant of any Lien on such deposit in favor of the Trustee and/or the Holders),

     (6) the Issuer shall have delivered to the Trustee an Officers’ Certificate stating
that the deposit was not made by it with the intent of preferring the Holders over any other
of its creditors or with the intent of defeating, hindering, delaying or defrauding any
other of its creditors or others, and

     (7) the Issuer shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that the conditions provided for in, in the case of the
Officers’ Certificate, clauses (1) through (6) and, in the case of the
Opinion of Counsel, clauses (1) (with respect to the validity and perfection of the
security interest), (2) and/or (3) and (5) of this subsection
(a) have been complied with.

     (b) If the funds deposited with the Trustee to effect Covenant Defeasance are insufficient to
pay the principal of and interest (including Additional Interest, if any) on the Discount Notes
when due, then the obligations of the Issuer and the Guarantor, if any, under this Indenture and
the Collateral Agreements will be revived and no such defeasance will be deemed to have occurred.

     (c) The Discount Note Liens will be released as provided under Section 11.04 upon a
Legal Defeasance or Covenant Defeasance in accordance with Section 9.02 and 9.03.

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	SECTION 9.05.	 	Deposited Money and U.S. Government Obligations to Be Held in Trust; Other
Miscellaneous Provisions.

     (a) All money and U.S. Government Obligations (including the proceeds thereof) deposited with
the Trustee pursuant to Section 9.04 in respect of the outstanding Discount Notes shall be
held in trust and applied by the Trustee, in accordance with the provisions of such Discount Notes
and this Indenture, to the payment, either directly or through any Paying Agent, to the Holders of
such Discount Notes, of all sums due and to become due thereon in respect of principal and accrued
interest (including Additional Interest, if any) but such money need not be segregated from other
funds except to the extent required by law.

     (b) The Issuer and the Guarantors, if any, shall (on a joint and several basis) pay and
indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S.
Government Obligations deposited pursuant to Section 9.04 or the principal and interest
(including Additional Interest, if any) received in respect thereof other than any such tax, fee or
other charge which by law is for the account of the Holders of the outstanding Discount Notes.

     (c) Anything in this Article Nine to the contrary notwithstanding, the Trustee shall
deliver or pay to the Issuer from time to time any money or U.S. Government Obligations held by it
as provided in Section 9.04 which, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof delivered to the
Trustee, are in excess of the amount thereof which would then be required to be deposited to effect
an equivalent Legal Defeasance or Covenant Defeasance.

			
	SECTION 9.06.	 	Reinstatement.

     If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in
accordance with Section 9.01, 9.02 or 9.03 by reason of any legal
proceeding or by reason of any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, the Issuer’s and each Guarantor’s
obligations under this Indenture, the Discount Notes and the Discount Note Guarantees shall be
revived and reinstated as though no deposit had occurred pursuant to this Article Nine
until such time as the Trustee or Paying Agent is permitted to apply all such money or U.S.
Government Obligations in accordance with Section 9.01; provided, that if the
Issuer or any Guarantor have made any payment of principal of or accrued interest (including
Additional Interest, if any) on any Discount Notes because of the reinstatement of their
obligations, the Issuer or any Guarantor, as the case may be, shall be subrogated to the rights of
the Holders of such Discount Notes to receive such payment from the money or U.S. Government
Obligations held by the Trustee or Paying Agent.

			
	SECTION 9.07.	 	Moneys Held by Paying Agent.

     In connection with the satisfaction and discharge of this Indenture, all moneys then held by
any Paying Agent under the provisions of this Indenture shall, upon written demand of the Issuer,
be paid to the Trustee, or if sufficient moneys have been deposited pursuant to Section
9.04, to the Issuer (or, if such moneys had been deposited by the Guarantors, to such

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Guarantors), and thereupon such Paying Agent shall be released from all further liability with
respect to such moneys.

SECTION 9.08. Moneys Held by Trustee.

     Subject to applicable law, any moneys deposited with the Trustee or any Paying Agent or then
held by the Issuer or the Guarantors in trust for the payment of the principal of or interest
(including Additional Interest, if any) on any Discount Note that are not applied but remain
unclaimed by the Holder of such Discount Note for two years after the date upon which the principal
of or interest on such Discount Note shall have respectively become due and payable shall be repaid
to the Issuer (or, if appropriate, the Guarantors), or if such moneys are then held by the Issuer
or the Guarantors in trust, such moneys shall be released from such trust; and the Holder of such
Discount Note entitled to receive such payment shall thereafter, as an unsecured general creditor,
look only to the Issuer and the Guarantors for the payment thereof, and all liability of the
Trustee or such Paying Agent with respect to such trust money shall thereupon cease;
provided, that the Trustee or any such Paying Agent, before being required to make any such
repayment, may, at the expense of the Issuer and the Guarantors, either mail to each Holder
affected, at the address shown in the register of the Discount Notes maintained by the Registrar
pursuant to Section 2.03, or cause to be published once a week for two successive weeks, in
a newspaper published in the English language, customarily published each Business Day and of
general circulation in the City of New York, New York, a 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 mailing or publication, any unclaimed balance of such moneys then remaining will be repaid to
the Issuer. After payment to the Issuer or the Guarantors or the release of any money held in
trust by the Issuer or any Guarantors, as the case may be, Holders entitled to the money must look
only to the Issuer and the Guarantors for payment as general creditors unless applicable abandoned
property law designates another Person.

ARTICLE TEN

GUARANTEE OF DISCOUNT NOTES

SECTION 10.01. Terms of Discount Note Guarantees.

     (a) Subject to the provisions of this Article Ten, each Guarantor, by execution of a
supplemental indenture, jointly and severally, unconditionally guarantees to each Holder (i) the
due and punctual payment of the principal of and interest on the Discount Notes, when and as the
same shall become due and payable, whether at maturity, by acceleration or otherwise, the due and
punctual payment of interest on the overdue principal of and interest on the Discount Notes, to the
extent lawful, and the due and punctual payment of all other Discount Note Obligations and due and
punctual performance of all other obligations of the Issuer to the Holders or the Trustee all in
accordance with the terms of such Discount Note and this Indenture and (ii) in the case of any
extension of time of payment or renewal of any Discount Notes or any of such other Discount Note
Obligations, that the same will be promptly paid in full when due or performed in accordance with
the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise
(the “Discount Note Guarantees”). Each Guarantor, by execution of a supplemental
indenture, agrees that its obligations hereunder shall be absolute and unconditional,

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irrespective of, and shall be unaffected by, any invalidity, irregularity or unenforceability
of any such Discount Note or this Indenture, any failure to enforce the provisions of any such
Discount Note or this Indenture, any waiver, modification or indulgence granted to the Issuer with
respect thereto by the Holder of such Discount Note, or any other circumstances which may otherwise
constitute a legal or equitable discharge of a surety or such Guarantor.

     (b) Each Guarantor hereby waives diligence, presentment, demand for payment, filing of claims
with a court in the event of merger or bankruptcy of the Issuer, any right to require a proceeding
first against the Issuer, protest or notice with respect to any such Discount Note or the
Indebtedness evidenced thereby and all demands whatsoever, and covenants that this Discount Note
Guarantee will not be discharged as to any such Discount Note except by payment in full of the
principal thereof and interest thereon. Each Guarantor hereby agrees that, as between such
Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (i) the maturity of
the Discount Note Obligations guaranteed hereby may be accelerated as provided in Article
Six for the purposes of this Discount Note Guarantee, notwithstanding any stay, injunction or
other prohibition preventing such acceleration in respect of the Discount Note Obligations
guaranteed hereby, and (ii) in the event of any declaration of acceleration of such Discount Note
Obligations as provided in Article Six, such Discount Note Obligations (whether or not due
and payable) shall forthwith become due and payable by each Guarantor for the purpose of this
Discount Note Guarantee.

     (c) If any Holder or the Trustee is required by any court or otherwise to return to the
Issuer, any Guarantor or any custodian, trustee, liquidator or other similar official acting in
relation to either the Issuer or any Guarantor, any amount paid by either to the Trustee or such
Holder, the Discount Note Guarantee, to the extent theretofore discharged, shall be reinstated in
full force and effect.

SECTION 10.02. Execution and Delivery of Supplemental Indenture.

     (a) To further evidence the Discount Note Guarantee set forth in Section 10.01, each
Guarantor hereby agrees that a notation of such Discount Note Guarantee, substantially in the form
included in Exhibit E hereto, shall be endorsed on each Discount Note authenticated and
delivered by the Trustee after the date such Guarantor becomes a Guarantor and such Discount Note
Guarantee shall be executed by either manual or facsimile signature of an Officer or an Officer of
a general partner, as the case may be, of each Guarantor. The validity and enforceability of any
Discount Note Guarantee shall not be affected by the fact that it is not affixed to any particular
Discount Note.

     (b) Each of the Guarantors hereby agrees that its Discount Note Guarantee set forth in
Section 10.01 shall remain in full force and effect notwithstanding any failure to endorse
on each Discount Note a notation of such Discount Note Guarantee.

     (c) If an Officer of a Guarantor whose signature is on this Indenture or a Discount Note
Guarantee no longer holds that office at the time the Trustee authenticates the Discount Note on
which such Discount Note Guarantee is endorsed or at any time thereafter, such Guarantor’s Discount
Note Guarantee of such Discount Note shall be valid nevertheless.

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     (d) The delivery of any Discount Note by the Trustee, after the authentication thereof
hereunder, shall constitute due delivery of any Discount Note Guarantee set forth in this Indenture
on behalf of the Guarantor.

SECTION 10.03. Limitation of Discount Note Guarantee.

     The obligations of each Guarantor under its Discount Note Guarantee will be limited to the
maximum amount as will, after giving effect to all other contingent and fixed liabilities of such
Guarantor (including, without limitation, any guarantees under the Credit Agreement permitted under
clause (1) of Section 4.06 and after giving effect to any collections from or payments made
by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under
its Discount Note Guarantee or pursuant to its contribution obligations under this Indenture,
result in the obligations of such Guarantor under its Discount Note Guarantee not constituting a
fraudulent conveyance or fraudulent transfer under federal or state law. Each Guarantor that makes
a payment or distribution under its Discount Note Guarantee shall be entitled to a contribution
from each other Guarantor in a pro rata amount based on Adjusted Net Assets of each Guarantor.

SECTION 10.04. Release of Guarantor.

     (a) A Guarantor shall be released from all of its obligations under its Discount Note
Guarantee if:

     (1) in the event of a transfer of all or substantially all of the assets of such
Guarantor, by way of merger, consolidation or otherwise, or a transfer of all of the Equity
Interests of such Guarantor then held by the Issuer and the Restricted Subsidiaries, in each
case in accordance with the terms of this Indenture; or

     (2) if such Guarantor is designated as an Unrestricted Subsidiary or otherwise ceases
to be a Restricted Subsidiary, in each case in accordance with the provisions of this
Indenture, upon effectiveness of such Designation or when it first ceases to be a Restricted
Subsidiary, respectively.

and in each case, the Issuer has delivered to the Trustee an Officers’ Certificate and an Opinion
of Counsel, each stating that all conditions precedent herein provided for relating to such
transactions have been complied with and that such release is authorized and permitted hereunder.

     (b) The Trustee shall execute any documents reasonably requested by the Issuer or a Guarantor
in order to evidence the release of such Guarantor from its obligations under its Discount Note
Guarantee and under this Article Ten.

SECTION 10.05. Waiver of Subrogation.

     Each Guarantor hereby irrevocably waives any claim or other rights which it may now or
hereafter acquire against the Issuer that arise from the existence, payment, performance or
enforcement of such Guarantor’s obligations under its Discount Note Guarantee and this Indenture,
including, without limitation, any right of subrogation, reimbursement, exoneration,

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indemnification, and any right to participate in any claim or remedy of any Holder of Discount
Notes against the Issuer, whether or not such claim, remedy or right arises in equity, or under
contract, statute or common law, including, without limitation, the right to take or receive from
the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner,
payment or Discount Note on account of such claim or other rights. If any amount shall be paid to
any Guarantor in violation of the preceding sentence and the Discount Notes shall not have been
paid in full, such amount shall have been deemed to have been paid to such Guarantor for the
benefit of, and held in trust for the benefit of, the Holders, and shall forthwith be paid to the
Trustee for the benefit of such Holders to be credited and applied upon the Discount Notes, whether
matured or unmatured, in accordance with the terms of this Indenture. Each Guarantor acknowledges
that it will receive direct and indirect benefits from the financing arrangements contemplated by
this Indenture and that the waiver set forth in this Section 10.05 is knowingly made in
contemplation of such benefits.

ARTICLE ELEVEN

SECURITY

SECTION 11.01. The Collateral.

     (a) The due and punctual payment of the principal of and interest (including Additional
Interest, if any) on the Discount Notes and the Discount Note Guarantees when and as the same shall
be due and payable, whether on an Interest Payment Date, at maturity, by acceleration, repurchase,
redemption or otherwise, interest on the overdue principal of and interest and Additional Interest
(to the extent permitted by law), if any, on the Discount Notes and the Discount Note Guarantees
and performance of all other obligations under this Indenture, including, without limitation, the
obligations of the Issuer set forth in Section 7.08, and the Discount Notes, the Discount
Note Guarantees and the Collateral Agreements, shall be secured equally and ratably by a second
priority lien on and security interest in all of the Issuer’s assets, other than Excluded Assets
and other than the Disbursement Account Collateral, subject to (i) the Liens securing the
obligations under the Credit Agreement and (ii) other Permitted Prior Liens, as provided in the
Collateral Agreements which the Issuer and the Guarantors, as the case may be, have entered into in
connection with the execution of this Indenture and will be secured by all of the Collateral
pledged pursuant to the Collateral Agreements hereafter delivered as required or permitted by this
Indenture, the Collateral Agreements and the Intercreditor Agreement. The Discount Notes will also
be secured by an exclusive first priority lien on and security interest in the Disbursement Account
Collateral, subject only to Permitted Prior Liens described in clause (2) of the definition
thereof. The Issuer and the Guarantors hereby agree that the Collateral Agent shall hold the
Collateral in trust for the benefit of all of the Holders and the Trustee, in each case pursuant to
the terms of the Collateral Agreements and the Intercreditor Agreement, and the Collateral Agent
and the Trustee are hereby authorized to execute and deliver the Collateral Agreements and the
Intercreditor Agreement.

     (b) Each Holder, by its acceptance of the Discount Notes and the Discount Note Guarantees,
consents and agrees to the terms of the Collateral Agreements and the Intercreditor Agreement
(including, without limitation, the provisions providing for foreclosure) as the same may be in
effect or may be amended from time to time in accordance with their terms and

98

 

authorizes and directs the Collateral Agent to perform its obligations and exercise its rights
under the Collateral Agreements in accordance therewith.

     (c) The Trustee and each Holder, by accepting the Discount Notes and the Discount Note
Guarantees, acknowledges that, as more fully set forth in the Collateral Agreements and the
Intercreditor Agreement, the Collateral as now or hereafter constituted shall be held for the
benefit of all the Holders and the Trustee, and that the Lien of the Collateral Agreements in
respect of the Trustee and the Holders is subject to and qualified and limited in all respects by
the Collateral Agreements and the Intercreditor Agreement and actions that may be taken thereunder.

SECTION 11.02. Further Assurances; Insurance.

     (a) The Issuer and each of the Guarantors shall do or cause to be done all acts and things
that may be required, or that the Collateral Agent from time to time may reasonably request, to
assure and confirm that the Collateral Agent holds, for the benefit of the holders of Discount Note
Obligations, duly created and enforceable and perfected Discount Note Liens upon the Collateral
(including any assets constituting Collateral that are acquired or otherwise become Collateral
after the Discount Notes are issued), in each case, as contemplated by, and with the Lien priority
required under, the Discount Note Documents.

     (b) Upon the reasonable request of the Collateral Agent at any time and from time to time, the
Issuer and each of the Guarantors shall promptly execute, acknowledge and deliver such security
documents, certificates, notices and other documents, and (subject to the provisions of the
Intercreditor Agreement) take such other actions as shall be reasonably required, or that the
Collateral Agent may reasonably request, to create, perfect, protect, assure or enforce the
Discount Note Liens and benefits intended to be conferred, in each case as contemplated by the
Discount Note Documents for the benefit of the holders of Discount Note Obligations.

     (c) The Issuer and the Guarantors will maintain adequate insurance policies and will upon
written request provide the Collateral Agent with evidence of such insurance coverage for public
liability, property damage, product liability and business interruption with respect to their
businesses and properties against loss or damage (a) of the kinds customarily carried or maintained
by corporations of established reputation engaged in similar businesses and (b) as may be required
by the Collateral Agreements.

     (d) Upon the request of the Collateral Agent, the Issuer and the Guarantors shall furnish to
the Collateral Agent full information as to their property and liability insurance carriers. The
Collateral Agent, for the benefit of the Holders of Discount Note Obligations, as a class, will be
named as an additional insured, with a waiver of subrogation, on all insurance policies of the
Issuer and the Guarantors, and the Collateral Agent will be named as loss payee, with 10 days’
notice of cancellation or material change, on all property and casualty insurance policies of the
Issuer and the Guarantors.

SECTION 11.03. Agreements Requiring Application of Proceeds of Collateral.

     Neither the Issuer nor any of its Restricted Subsidiaries shall enter into any agreement that
requires the proceeds received from any sale of Collateral to be applied to repay, redeem,

99

 

defease or otherwise acquire or retire any debt of any Person, other than as permitted by this
Indenture, the Discount Notes, the Discount Note Guarantees, the Collateral Agreements and the
Intercreditor Agreement. The Issuer shall, and shall cause each Guarantor to, at its sole cost and
expense, execute and deliver all such agreements and instruments as necessary or as the Trustee
shall reasonably request to more fully or accurately describe the assets and property intended to
be Collateral or the obligations intended to be secured by the Collateral Agreements.

			
	SECTION 11.04.	 	Release of Liens on the Collateral.

     The Discount Note Liens will no longer secure the Discount Notes or any other Discount Note
Obligations, and the right of the Holders to the benefits and proceeds of the Discount Note Liens
on the Collateral will terminate and be discharged automatically:

(1) upon satisfaction and discharge of the Indenture under Section 9.01;

(2) upon a Legal Defeasance or Covenant Defeasance of the Discount Notes under Sections
9.02 or 9.03;

(3) upon payment in full and discharge of all Discount Notes outstanding under this
Indenture and all Discount Note Obligations that are outstanding, due and payable under this
Indenture at the time the Discount Notes are paid in full and discharged;

(4) in whole or in part, with the consent of the Holders of Discount Notes in accordance
with Section 8.02; or

(5) to the extent not otherwise terminated and discharged, with respect to any asset that is
or becomes an Excluded Asset;

provided, that, in each case, the Collateral Agent and the Trustee have received all
documentation, if any, that may be required by the Trust Indenture Act in connection therewith. In
connection with any release of Collateral as provided for above, the Collateral Agent will promptly
execute any release documentation with respect thereto reasonably requested by the Issuer.

			
	SECTION 11.05.	 	Authorization of Actions to be Taken by the Trustee or the Collateral Agent
Under the Collateral Agreements.

     Subject to the provisions of the Collateral Agreements and the Intercreditor Agreement, each
of the Trustee or the Collateral Agent may, in its sole discretion and without the consent of the
Holders, on behalf of the Holders, take all actions it deems necessary or appropriate in order to
(a) enforce any of its rights or any of the rights of the Holders under the Collateral Agreements
and the Intercreditor Agreement and (b) collect and receive any and all amounts payable in respect
of the Collateral in respect of the obligations of the Issuer and the Guarantors, if any, hereunder
and thereunder. Subject to the provisions of the Collateral Agreements and the Intercreditor
Agreement, the Trustee or the Collateral Agent shall have the power to institute and to maintain
such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by
any acts that may be unlawful or in violation of the Collateral Agreements, the Intercreditor
Agreement or this Indenture, and such suits and proceedings as the Trustee or the

100

 

Collateral Agent may deem expedient to preserve or protect its interest and the interests of
the Holders in the Collateral (including the power to institute and maintain suits or proceedings
to restrain the enforcement of or compliance with any legislative or other governmental enactment,
rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or
compliance with, such enactment, rule or order would impair the security interest hereunder or be
prejudicial to the interests of the Holders or the Trustee).

SECTION 11.06. Relative Rights.

     Notwithstanding anything to the contrary contained herein, nothing in the Discount Note
Documents will:

     (1) impair, as between the Issuer and the Holders, the Issuer’s obligations to pay
principal of and interest (including Additional Interest, if any) on the Discount Notes in
accordance with their terms or any of the Issuer’s other obligations or any Guarantor’s
obligations;

     (2) affect the relative rights of Holders as against any of the Issuer’s or the
Guarantors’ other creditors (other than holders of Credit Agreement Liens and Permitted
Prior Liens);

     (3) restrict the right of any Holder to sue for payments that are then due and owing
(but not enforce any judgment in respect thereof against any Collateral to the extent
specifically prohibited by the Intercreditor Agreement);

     (4) restrict or prevent any Holder of Discount Notes or the Collateral Agent from
exercising any of its rights or remedies upon a Default or Event of Default not specifically
restricted or prohibited by the Intercreditor Agreement; or

     (5) restrict or prevent any Holder of Discount Notes or the Collateral Agent from
taking any lawful action in an insolvency or liquidation proceeding not specifically
restricted or prohibited by the Intercreditor Agreement.

ARTICLE TWELVE

MISCELLANEOUS

SECTION 12.01. Trust Indenture Act Controls.

     (a) If any provision of this Indenture limits, qualifies or conflicts with another provision
which is required to be included in this Indenture by the TIA, the required provision shall
control. If any provision of this Indenture modifies any TIA provision that may be so modified,
such TIA provision shall be deemed to apply to this Indenture as so modified. If any provision of
this Indenture excludes any TIA provision that may be so excluded, such TIA provision shall be
excluded from this Indenture.

101

 

     (b) The provisions of TIA §§ 310 through 317 that impose duties on any Person (including the
provisions automatically deemed included unless expressly excluded by this Indenture) are a part of
and govern this Indenture, whether or not physically contained herein.

SECTION 12.02. Notices.

     (a) Except for notice or communications to Holders, any notice or communication shall be given
in writing and delivered in person, sent by facsimile, delivered by commercial courier service or
mailed by first-class mail, postage prepaid, addressed as follows:

If to the Issuer or any Guarantor:

IDLEAIRE TECHNOLOGIES CORPORATION

410 North Cedar Bluff Road

Suite 200

Knoxville, Tennessee 37923

Attention: Chief Financial Officer

Telecopier: (865) 342-3650

with, in the case of any notice furnished pursuant to Article Six, a copy to:

HOLLAND & KNIGHT LLP

1600 Tysons Boulevard

Suite 700

McLean, Virginia 22102

Attention: Michael M. Mannix, Esq.

Telecopier: (703) 720-8610

If to the Trustee or the Collateral Agent:

WELLS FARGO BANK, NATIONAL ASSOCIATION

Sixth Street and Marquette Avenue

Minneapolis, Minnesota 55479

Attn: Corporate Trust Department

          MAC – N9303-120 — IdleAire Administrator

Telecopier: (612) 667-9825

     (b) Such notices or communications shall be effective when received and shall be sufficiently
given if so given within the time prescribed in this Indenture.

     (c) The Issuer, the Guarantors or the Trustee by written notice to the others may designate
additional or different addresses for subsequent notices or communications.

     (d) Any notice or communication mailed to a Holder shall be mailed to him by first-class mail,
postage prepaid, at his address shown on the register kept by the Registrar.

     (e) Failure to mail a notice or communication to a Holder or any defect in it shall not affect
its sufficiency with respect to other Holders. If a notice or communication to a Holder is

102

 

mailed in the manner provided above, it shall be deemed duly given, whether or not the
addressee receives it.

     (f) In case by reason of the suspension of regular mail service, or by reason of any other
cause, it shall be impossible to mail any notice as required by this Indenture, then such method of
notification as shall be made with the approval of the Trustee shall constitute a sufficient
mailing of such notice.

SECTION 12.03. Communications by Holders with Other Holders.

     Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their
rights under this Indenture or the Discount Notes. The Issuer, the Guarantors, the Trustee, the
Registrar and anyone else shall have the protection of TIA § 312(c).

SECTION 12.04. Certificate and Opinion as to Conditions Precedent.

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

     (1) an Officers’ Certificate (which shall include the statements set forth in Section
12.05) stating that, in the opinion of the signers, all conditions precedent, if any, provided
for in this Indenture relating to the proposed action have been complied with; and

     (2) an Opinion of Counsel (which shall include the statements set forth in Section
12.05) stating that, in the opinion of such counsel, all such conditions precedent have been
complied with.

SECTION 12.05. Statements Required in Certificate and Opinion.

     Each certificate and opinion with respect to compliance by or on behalf of the Issuer or any
Guarantor with a condition or covenant provided for in this Indenture shall include:

     (1) a statement that the Person making such certificate or opinion has read such covenant or
condition;

     (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 such Person, it or he has made such examination or
investigation as is necessary to enable it or 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 or not, in the opinion of such Person, such covenant or
condition has been complied with.

103

 

SECTION 12.06. Rules by Trustee and Agents.

     The Trustee may make reasonable rules for action by or meetings of Holders. The Registrar and
Paying Agent may make reasonable rules for their functions.

SECTION 12.07. Governing Law.

     This Indenture and the Discount Notes shall be governed by and construed in accordance with
the laws of the State of New York, as applied to contracts made and performed within the State of
New York, except to the extent that the instruments governing perfection of a security interest in
certain collateral may be governed by the law of the jurisdiction where such collateral is located.

SECTION 12.08. No Adverse Interpretation of Other Agreements.

     This Indenture may not be used to interpret another indenture, loan, security or debt
agreement of the Issuer or any Subsidiary thereof. No such indenture, loan, security or debt
agreement may be used to interpret this Indenture.

SECTION 12.09. Successors.

     All agreements of the Issuer and the Guarantors in this Indenture and the Discount Notes shall
bind their respective successors. All agreements of the Trustee, any additional trustee and any
Paying Agents in this Indenture shall bind its successor.

SECTION 12.10. Multiple Counterparts.

     The parties may sign multiple counterparts of this Indenture. Each signed counterpart shall
be deemed an original, but all of them together represent one and the same agreement.

SECTION 12.11. Table of Contents, Headings, etc.

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

SECTION 12.12. Severability.

     Each provision of this Indenture shall be considered severable and if for any reason any
provision which is not essential to the effectuation of the basic purpose of this Indenture or the
Discount Notes 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.

[The remainder of this page has been intentionally left blank.]

104

 

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

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	IDLEAIRE TECHNOLOGIES CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Michael C. Crabtree
	 

	 	 	 	 
	 

	 	Name:
	 	Michael C. Crabtree
	 

	 	Title:
	 	Chief Executive Officer
	 
	 	 	 	 
	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

      as Trustee
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Lynn M. Steiner
	 

	 	 	 	 
	 

	 	Name:
	 	Lynn M. Steiner
	 

	 	Title:
	 	Vice President

	 	 	 	 	 
	Acknowledged and agreed:	 	 
	 
	 	 	 	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION,

     as Collateral Agent	 	 
	 
	 	 	 	 
	By:

	 	/s/ Lynn M. Steiner	 	 
	 

	 	 	 	 
	Name:

	 	Lynn M. Steiner	 	 
	Title:

	 	Vice President	 	 

105exv10w4

 

Exhibit 10.4

$320,000,000

IdleAire Technologies Corporation

320,000 Units

Consisting of $320,000,000 13% Senior Secured Discount Notes due 2012

and 320,000 Warrants to Purchase Common Stock

REGISTRATION RIGHTS AGREEMENT

December 30, 2005

JEFFERIES & COMPANY, INC.

11100 Santa Monica Boulevard

10th Floor

Los Angeles, California 90025

Ladies and Gentlemen:

     IDLEAIRE TECHNOLOGIES CORPORATION, a Delaware corporation (the “Company”), is issuing
and selling to Jefferies & Company, Inc. (the “Initial Purchaser”), upon the terms set
forth in the Purchase Agreement, dated as of December 28, 2005, by and among the Company and the
Initial Purchaser (the “Purchase Agreement”), 320,000 units (the “Units”),
consisting of $320,000,000 aggregate principal amount at maturity of 13% Senior Secured Discount
Notes due 2012 issued by the Company (the “Notes”) and 320,000 warrants (the
“Warrants”), each entitling the holder thereof to purchase 126.1903 shares of common stock,
par value $0.001 per share (the “Common Stock”), of the Company, subject to adjustment. As
an inducement to the Initial Purchaser to enter into the Purchase Agreement, the Company agrees
with the Initial Purchaser, for the benefit of the Holders (as defined below) of the Notes
(including, without limitation, the Initial Purchaser), as follows:

1. Definitions

     Capitalized terms that are used herein without definition and are defined in the Purchase
Agreement or in the Indenture shall have the respective meanings ascribed to them in the Purchase
Agreement or, if not defined therein, as defined in the Indenture. As used in this Agreement, the
following terms shall have the following meanings:

     Agreement: This Registration Rights Agreement, dated as of the Closing Date, between the
Company and the Initial Purchaser.

     Closing Date: December 30, 2005.

     Effectiveness Date: The second anniversary of the Issue Date.

 

 

     Exchange Act: The Securities Exchange Act of 1934, as amended, and the rules and regulations
of the SEC promulgated thereunder.

     Exchange Notes: 13% Senior Secured Discount Notes due 2012 of the Company, identical in all
material respects to the Notes, including the guarantees endorsed thereon, except for references to
restrictive legends.

     Filing Date: The 21st month anniversary of the Issue Date.

     Holder: Any registered holder of Registrable Notes.

     Indenture: The Indenture, dated as of the Closing Date, among the Company, the Guarantors (as
defined therein) and Wells Fargo Bank, National Association, as trustee and as collateral agent,
pursuant to which the Notes are being issued, as amended or supplemented from time to time in
accordance with the terms hereof.

     NASD: National Association of Securities Dealers, Inc.

     Prospectus: The prospectus included in any Registration Statement (including, without
limitation, a prospectus that discloses information previously omitted from a prospectus filed as
part of an effective registration statement in reliance upon Rule 430A promulgated under the
Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms
of the offering of any portion of the Registrable Notes covered by such Registration Statement, and
all other amendments and supplements to the Prospectus, including post-effective amendments, and
all material incorporated by reference or deemed to be incorporated by reference in such
Prospectus.

     Registrable Notes: (i) the Notes, (ii) the Private Exchange Notes and (iii) the Exchange
Notes received in the Exchange Offer, in each case, that may not be sold without restriction under
federal or state securities laws.

     Registration Statement: Any registration statement of the Company and the Guarantors filed
with the SEC under the Securities Act (including, but not limited to, the Exchange Registration
Statement, the Shelf Registration and any subsequent Shelf Registration) that covers any of the
Registrable Notes pursuant to the provisions of this Agreement, including the Prospectus,
amendments and supplements to such registration statement, including post-effective amendments, all
exhibits and all material incorporated by reference or deemed to be incorporated by reference in
such registration statement.

     Rule 144: Rule 144 promulgated under the Securities Act, as such Rule may be amended from
time to time, or any similar rule (other than Rule 144A) or regulation hereafter adopted by the SEC
providing for offers and sales of securities made in compliance therewith resulting in offers and
sales by subsequent holders that are not affiliates of an issuer or such securities being free of
the registration and prospectus delivery requirements of the Securities Act.

     Rule 144A: Rule 144A promulgated under the Securities Act, as such Rule may be amended from
time to time, or any similar rule (other than Rule 144) or regulation hereafter adopted by the SEC.

2

 

     Rule 415: Rule 415 promulgated under the Securities Act, as such Rule may be amended from
time to time, or any similar rule or regulation hereafter adopted by the SEC.

     Rule 430A: Rule 430A promulgated under the Securities Act, as such Rule may be amended from
time to time, or any similar rule or regulation hereafter adopted by the SEC.

     Securities: The Notes, the Exchange Notes and the Private Exchange Notes.

     Securities Act: The Securities Act of 1933, as amended, and the rules and regulations of the
SEC promulgated thereunder.

     TIA: The Trust Indenture Act of 1939, as amended, and the rules and regulations of the SEC
promulgated thereunder.

     Trustee: The trustee under the Indenture and, if applicable, the trustee under any indenture
governing the Exchange Notes and the Private Exchange Notes (if any).

     Underwritten Registration or Underwritten Offering: A registration in which securities of the
Company are sold to an underwriter for reoffering to the public.

2. Exchange Offer

	 	(a)	 	Unless the Exchange Offer would not be permitted by applicable laws or a policy
of the SEC, the Company shall (and shall cause each Guarantor to) (i) use its
reasonable best efforts to prepare and file with the SEC promptly after the date
hereof, but in no event later than the Filing Date, a registration statement (the
“Exchange Registration Statement”) on an appropriate form under the Securities
Act with respect to an offer (the “Exchange Offer”) to the Holders of Notes to
issue and deliver to such Holders, in exchange for the Notes, a like principal amount
of Exchange Notes, (ii) use its reasonable best efforts to cause the Exchange
Registration Statement to become effective as promptly as practicable after the filing
thereof, but in no event later than the Effectiveness Date, (iii) use its reasonable
best efforts to keep the Exchange Registration Statement effective until the
consummation of the Exchange Offer in accordance with its terms, and (iv) commence the
Exchange Offer and use its best efforts to issue on or prior to 30 days after the date
on which the Exchange Registration Statement is declared effective, Exchange Notes in
exchange for all Notes tendered prior thereto in the Exchange Offer. The Exchange
Offer shall not be subject to any conditions, other than that the Exchange Offer does
not violate applicable law or any applicable interpretation of the staff of the SEC.
	 
	 	(b)	 	The Exchange Notes shall be issued under, and entitled to the benefits of, (i)
the Indenture or a trust indenture that is identical to the Indenture (other than such
changes as are necessary to comply with any requirements of the SEC to effect or
maintain the qualifications thereof under the TIA) and (ii) the Collateral Agreements.

3

 

	 	(c)	 	Interest on the Exchange Notes and the Private Exchange Notes will accrue (i)
from the later of (A) the last Interest Payment Date on which interest was paid on the
Notes surrendered in exchange therefor, or (B) if the Notes are surrendered for
exchange on a date in a period which includes the record date for an Interest Payment
Date to occur on or after the date of such exchange and as to which interest was paid,
the date of such Interest Payment Date; or (ii) if no interest has been yet paid on the
Notes, from the Issue Date. Each Exchange Note and Private Exchange shall bear
interest at the rate set forth thereon; provided, that interest with respect to
the period prior to the issuance thereof shall accrue at the rate or rates borne by the
Notes from time to time during such period.
	 
	 	(d)	 	The Company may require each Holder as a condition to participation in the
Exchange Offer to represent (i) that any Exchange Notes received by it will be acquired
in the ordinary course of its business, (ii) that at the time of the commencement and
consummation of the Exchange Offer such Holder has not entered into any arrangement or
understanding with any Person to participate in the distribution (within the meaning of
the Securities Act) of the Exchange Notes in violation of the provisions of the
Securities Act, (iii) that if such Holder is an “affiliate” of the Company within the
meaning of Rule 405 of the Securities Act, it will comply with the registration and
prospectus delivery requirements of the Securities Act to the extent applicable to it,
(iv) if such Holder is not a broker-dealer, that it is not engaged in, and does not
intend to engage in, the distribution of the Notes and (v) if such Holder is a
Participating Broker-Dealer (as defined below), that it will deliver a Prospectus in
connection with any resale of the Exchange Notes.
	 
	 	(e)	 	The Company shall (and shall cause each Guarantor to) include within the
Prospectus contained in the Exchange Registration Statement a section entitled “Plan of
Distribution” reasonably acceptable to the Initial Purchaser which shall contain a
summary statement of the positions taken or policies made by the staff of the SEC with
respect to the potential “underwriter” status of any broker-dealer that is the
beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of Exchange Notes
received by such broker-dealer in the Exchange Offer for its own account in exchange
for Notes that were acquired by it as a result of market-making or other trading
activity (each, a “Participating Broker-Dealer”), whether such positions or
policies have been publicly disseminated by the staff of the SEC or such positions or
policies, in the judgment of the Initial Purchaser and its counsel, represent the
prevailing views of the staff of the SEC. Such “Plan of Distribution” section shall
also allow, to the extent permitted by applicable policies and regulations of the SEC,
the use of the Prospectus by all Persons subject to the prospectus delivery
requirements of the Securities Act, including, to the extent so permitted, all
Participating Broker-Dealers, and include a statement describing the manner in which
Participating Broker-Dealers may resell the Exchange Notes. The Company shall use its
best efforts to keep the Exchange Registration Statement effective and to amend and
supplement the Prospectus contained therein, in order to permit such Prospectus to be
lawfully delivered by all Persons subject to the prospectus delivery requirements of
the Securities Act

4

 

for such period of time as such Persons must comply with such requirements to resell
the Exchange Notes; provided, that such period shall not exceed the lesser
of 180 days and the date on which all persons subject to the prospectus delivery
requirements of the Securities Act have sold all Exchange Notes held by them (the
“Applicable Period”).

	 	(f)	 	If, upon consummation of the Exchange Offer, the Initial Purchaser holds any
Notes acquired by it and having the status of an unsold allotment in the initial
distribution, the Company (upon the written request from the Initial Purchaser) shall,
simultaneously with the delivery of the Exchange Notes in the Exchange Offer, issue and
deliver to the Initial Purchaser, in exchange (the “Private Exchange”) for the
Notes held by the Initial Purchaser, a like principal amount of Notes that are
identical to the Exchange Notes except for the existence of restrictions on transfer
thereof under the Securities Act and securities laws of the several states of the
United States (the “Private Exchange Notes”) (and which are issued pursuant to
the same indenture as the Exchange Notes). The Private Exchange Notes shall bear the
same CUSIP number as the Exchange Notes.
	 
	 	(g)	 	In connection with the Exchange Offer, the Company shall (and shall cause each
Guarantor to):

	 	(i)	 	mail to each Holder a copy of the Prospectus forming part of
the Exchange Registration Statement, together with an appropriate letter of
transmittal that is an exhibit to the Exchange Registration Statement, and any
related documents;
	 
	 	(ii)	 	keep the Exchange Offer open for not less than 20 Business Days
after the date notice thereof is mailed to the Holders (or longer if required
by applicable law);
	 
	 	(iii)	 	utilize the services of a depository for the Exchange Offer,
which may be the Trustee or an affiliate thereof;
	 
	 	(iv)	 	permit Holders to withdraw tendered Registrable Notes at any
time prior to the close of business, New York City time, on the last Business
Day on which the Exchange Offer shall remain open; and
	 
	 	(v)	 	otherwise comply in all material respects with all applicable
laws.

	 	(h)	 	As soon as practicable after the close of the Exchange Offer or the Private
Exchange, as the case may be, the Company shall (and shall cause each Guarantor to):

	 	(i)	 	accept for exchange all Registrable Notes validly tendered
pursuant to the Exchange Offer or the Private Exchange, as the case may be, and
not validly withdrawn;

5

 

	 	(ii)	 	deliver to the Trustee for cancellation all Registrable Notes
so accepted for exchange; and
	 
	 	(iii)	 	cause the Trustee to authenticate and deliver promptly to each
Holder tendering such Registrable Notes, Exchange Notes or Private Exchange
Notes, as the case may be, equal in principal amount to the Notes of such
Holder so accepted for exchange.

	 	(i)	 	The Exchange Notes and the Private Exchange Notes may be issued under (i) the
Indenture or (ii) an indenture identical to the Indenture (other than such changes as
are necessary to comply with any requirements of the SEC to effect or maintain the
qualification thereof under the TIA), which in either event will provide that the
Exchange Notes will not be subject to the transfer restrictions set forth in the
Indenture, that the Private Exchange Notes will be subject to the transfer restrictions
set forth in the Indenture, and that the Exchange Notes, the Private Exchange Notes and
the Notes, if any, will be deemed one class of security (subject to the provisions of
the Indenture) and entitled to participate in all the security granted by the Company
pursuant to the Collateral Agreements and in any Discount Note Guarantee on an equal
and ratable basis.
	 
	 	(j)	 	If (i) prior to the consummation of the Exchange Offer, the Holders of a
majority in aggregate principal amount of Registrable Notes determine in their
reasonable judgment (A) after consultation with counsel, that the Exchange Notes would
not, upon receipt, be tradeable by the Holders thereof without restriction under the
Securities Act and the Exchange Act and without material restrictions under applicable
“blue sky” or state securities laws, or (B) that the interests of the Holders under
this Agreement, taken as a whole, would be materially adversely affected by the
consummation of the Exchange Offer; (ii) applicable interpretations of the staff of the
SEC would not permit the consummation of the Exchange Offer prior to the Effectiveness
Date; (iii) subsequent to the consummation of the Private Exchange, any Holder of
Private Exchange Notes so requests; (iv) the Exchange Offer is not consummated within
30 days from the date the Exchange Registration Statement was declared effective; or
(v) in the case of (A) any Holder not permitted by applicable law or SEC policy to
participate in the Exchange Offer, (B) any Holder participating in the Exchange Offer
that receives Exchange Notes that may not be sold without restriction under state and
federal securities laws (other than due solely to the status of such Holder as an
affiliate of the Company within the meaning of the Securities Act) or (C) any
broker-dealer that holds Notes acquired directly from the Company or any of its
affiliates and, in each such case contemplated by this clause (v), such Holder so
notifies the Company within six months of the consummation of the Exchange Offer, then
the Company shall promptly (and in any event within five Business Days) deliver to the
Holders (or in the case of an occurrence of any event described in clause (v) of this
Section 2(j), to any such Holder) and the Trustee notice thereof (a “Shelf
Notice”) and shall as promptly as practicable thereafter file an Initial Shelf
Registration pursuant to Section 3.

6

 

3. Shelf Registration

     If a Shelf Notice is delivered pursuant to Section 2(j), then this Section 3
shall apply to all Registrable Notes. Otherwise, upon consummation of the Exchange Offer in
accordance with Section 2, the provisions of this Section 3 shall apply solely with
respect to (i) Notes held by any Holder thereof not permitted to participate in the Exchange Offer,
(ii) Notes held by any broker-dealer that acquired such Notes directly from the Company or any of
its affiliates and (iii) Exchange Notes that are not freely tradeable as contemplated by
Section 2(j)(v) hereof; provided, in each case that the relevant Holder has duly
notified the Company within six months of the Exchange Offer as required by Section
2(j)(v).

	 	(a)	 	Initial Shelf Registration. The Company shall (and shall cause each
Guarantor to), as promptly as practicable, file with the SEC a Registration Statement
for an offering to be made on a continuous basis pursuant to Rule 415 covering all of
the Registrable Notes (the “Initial Shelf Registration”). If the Company (and
any Guarantor) has not yet filed an Exchange Registration Statement, the Company shall
(and shall cause each Guarantor to) file with the SEC the Initial Shelf Registration on
or prior to the Filing Date and shall use its best efforts to cause such Initial Shelf
Registration to be declared effective under the Securities Act on or prior to the
Effectiveness Date. Otherwise, the Company shall (and shall cause each Guarantor to)
file with the SEC the Initial Shelf Registration within 60 days of the delivery of the
Shelf Notice and shall use its best efforts to cause such Shelf Registration to be
declared effective under the Securities Act as promptly as practicable thereafter. The
Initial Shelf Registration shall be on Form S-1 or another appropriate form permitting
registration of such Registrable Notes for resale by Holders in the manner or manners
reasonably designated by them (including, without limitation, one or more Underwritten
Offerings). The Company and Guarantors shall not permit any securities other than the
Registrable Notes to be included in any Shelf Registration. The Company shall (and
shall cause each Guarantor to) use its best efforts to keep the Initial Shelf
Registration continuously effective under the Securities Act until the date which is 24
months from the Issue Date (subject to extension pursuant to the last sentence of
Section 6(w) (the “Effectiveness Period”), or such shorter period
ending when (i) all Registrable Notes covered by the Initial Shelf Registration have
been sold in the manner set forth and as contemplated in the Initial Shelf
Registration, (ii) a Subsequent Shelf Registration with respect to all of the
Registrable Notes covered by and not sold under the Initial Shelf Registration or an
earlier Subsequent Shelf Registration (as defined below) has been declared effective
under the Securities Act or (iii) there cease to be any outstanding Registrable Notes.
	 
	 	(b)	 	Subsequent Shelf Registrations. If the Initial Shelf Registration or
any Subsequent Shelf Registration ceases to be effective for any reason at any time
during the Effectiveness Period (other than because of the sale of all of the
securities registered thereunder), the Company shall (and shall cause each Guarantor
to) use its best efforts to obtain the prompt withdrawal of any order suspending the
effectiveness thereof, and in any event shall within 30 days of

7

 

such cessation of effectiveness amend such Shelf Registration in a manner to obtain
the withdrawal of the order suspending the effectiveness thereof, or file (and cause
each Guarantor to file) an additional “shelf” Registration Statement pursuant to
Rule 415 covering all of the Registrable Notes (a “Subsequent Shelf
Registration”). If a Subsequent Shelf Registration is filed, the Company shall
(and shall cause each Guarantor to) use its best efforts to cause the Subsequent
Shelf Registration to be declared effective as soon as practicable after such filing
and to keep such Subsequent Shelf Registration continuously effective for a period
equal to the number of days in the Effectiveness Period less the aggregate number of
days during which the Initial Shelf Registration or any Subsequent Shelf
Registration was previously continuously effective. As used herein the term
“Shelf Registration” means the Initial Shelf Registration and any Subsequent
Shelf Registrations.

	 	(c)	 	Supplements and Amendments. The Company shall promptly supplement and
amend any Shelf Registration if required by the rules, regulations or instructions
applicable to the registration form used for such Shelf Registration or if required by
the Securities Act.
	 
	 	(d)	 	Provision of Information. No Holder of Registrable Notes shall be
entitled to include any of its Registrable Notes in any Shelf Registration pursuant to
this Agreement unless such Holder furnishes to the Company and the Trustee in writing
within 20 days after receipt of a written request therefor, such information as the
Company and the Trustee after conferring with counsel with regard to information
relating to Holders that would be required by the SEC to be included in such Shelf
Registration (or Prospectus included therein) may reasonably request for inclusion in
any Shelf Registration (or Prospectus included therein), and no such Holder shall be
entitled to Additional Interest pursuant to Section 4 hereof unless and until
such Holder shall have provided such information.

4. Additional Interest

	 	(a)	 	The Company and each Guarantor acknowledges and agrees that the Holders of
Registrable Notes will suffer damages if the Company or any Guarantor fails to fulfill
its obligations under Section 2 or Section 3 hereof and that it would
not be feasible to ascertain the extent of such damages with precision. Accordingly,
the Company and the Guarantors agree to pay additional cash interest on the Notes
(“Additional Interest”) under the circumstances and to the extent set forth
below (each of which together shall be given independent effect):

	 	(i)	 	if (A) neither the Exchange Registration Statement nor the
Initial Shelf Registration has been filed on or prior to the Filing Date or (B)
notwithstanding that the Exchange Offer has or will be consummated, the Company
is required to file a Shelf Registration Statement and such Shelf Registration
Statement is not filed on or prior to the date required under Section 3
of this Agreement, then Additional Interest shall accrue on the

8

 

Notes over and above any stated interest at a rate of 1.0% per annum of the
principal amount of such Notes from the Filing Date;

	 	(ii)	 	if (A) neither the Exchange Registration Statement nor the
Initial Shelf Registration is declared effective on or prior to the
Effectiveness Date or (B) notwithstanding that the Exchange Offer has or will
be consummated, the Company is required to file a Shelf Registration Statement
and such Shelf Registration Statement is not declared effective by the SEC on
or prior to the 90th day following the date such Shelf Registration
Statement was filed, then, commencing on the day after either such required
effective date, Additional Interest shall accrue on the Notes over and above
any stated interest at a rate of 1.0% per annum of the principal amount of such
Notes from the Effectiveness Date;
	 
	 	(iii)	 	if (A) the Company (and any Guarantor) has not exchanged
Exchange Notes for all Notes validly tendered in accordance with the terms of
the Exchange Offer on or prior to the 30th day after the
Effectiveness Date, or (B) if applicable, a Shelf Registration has been
declared effective and such Shelf Registration ceases to be effective at any
time prior to the second anniversary of the Issue Date (other than such time as
all Notes have been disposed of thereunder) and is not declared effective again
within 30 days, then Additional Interest shall accrue on the Notes, over and
above any stated interest, at a rate of 1.0% per annum of the principal amount
of such Notes commencing on (x) the 31st Business Day after the Effectiveness
Date, in the case of (A) above, or (y) the day such Shelf Registration ceases
to be effective in the case of (B) above;

provided, that Additional Interest will not accrue under more than one of
the foregoing clauses (i), (ii) or (iii) at any one time); and provided
further, that the maximum Additional Interest rate on the Notes hereunder may
not exceed at all times in the aggregate 1.0% per annum; and provided
further, that (1) upon the filing of the Exchange Registration Statement or
Initial Shelf Registration (in the case of (i) above), (2) upon the effectiveness of
the Exchange Registration Statement or Initial Shelf Registration (in the case of
(ii) above), or (3) upon the exchange of Exchange Notes for all Notes tendered (in
the case of (iii)(A) above), or upon the effectiveness of a Shelf Registration which
had ceased to remain effective (in the case of (iii)(B) above), Additional Interest
on the Notes as a result of such clause (or the relevant subclause thereof), as the
case may be, shall cease to accrue.

	 	(b)	 	The Company shall notify the Trustee within three Business Days after each and
every date on which an event occurs in respect of which Additional Interest is required
to be paid (each, an “Event Date”). Any amounts of Additional Interest due
pursuant to clause (a)(i), (a)(ii) or (a)(iii) of this
Section 4 will be payable in cash, on the dates and in the manner provided in
the Indenture and whether or not any cash interest would then be payable on such date,
commencing with the first such semi-annual interest payment date occurring after any
such Additional

9

 

Interest commences to accrue. The amount of Additional Interest will be determined
by multiplying the applicable Additional Interest rate by the Accreted Value of the
Notes, multiplied by a fraction, the numerator of which is the number of days such
Additional Interest rate was applicable during such period (determined on the basis
of a 360-day year comprised of twelve 30-day months and, in the case of a partial
month, the actual number of days elapsed), and the denominator of which is 360.

5. Hold-Back Agreements

     The Company agrees that it will not effect any public or private sale or distribution
(including a sale pursuant to Regulation D under the Securities Act) of any securities the same as
or similar to those covered by a Registration Statement filed pursuant to Section 2 or
3 hereof, or any securities convertible into or exchangeable or exercisable for such
securities, during the 10 days prior to, and during the 90-day period beginning on, the effective
date of any Registration Statement filed pursuant to Section 2 or 3 hereof unless
the Holders of a majority of the aggregate principal amount of the Registrable Notes to be included
in such Registration Statement consent, if the managing underwriter thereof (if any) so requests in
writing.

6. Registration Procedures

     In connection with the filing of any Registration Statement pursuant to Section 2 or
3 hereof, the Company shall (and shall cause each Guarantor to) effect such registrations
to permit the sale of such securities covered thereby in accordance with the intended method or
methods of disposition thereof, and pursuant thereto and in connection with any Registration
Statement filed by the Company hereunder, the Company shall (and shall cause each Guarantor to):

	 	(a)	 	Prepare and file with the SEC as soon as practicable after the date hereof but
in any event on or prior to the Filing Date, the Exchange Registration Statement or if
the Exchange Registration Statement is not filed because of the circumstances
contemplated by Section 2(j), a Shelf Registration as prescribed by Section
3, and use its reasonable best efforts to cause each such Registration Statement to
become effective and remain effective as provided herein; provided, that, if
(1) a Shelf Registration is filed pursuant to Section 3 or (2) a Prospectus
contained in an Exchange Registration Statement filed pursuant to Section 2 is
required to be delivered under the Securities Act by any Participating Broker-Dealer
who seeks to sell Exchange Notes during the Applicable Period relating thereto, before
filing any Registration Statement or Prospectus or any amendments or supplements
thereto the Company shall (and shall cause each Guarantor to), if requested, furnish to
and afford the Holders of the Registrable Notes to be registered pursuant to such Shelf
Registration Statement, each Participating Broker-Dealer, the managing underwriters, if
any, and each of their respective counsel, a reasonable opportunity to review copies of
all such documents (including copies of any documents to be incorporated by reference
therein and all exhibits thereto) proposed to be filed (in each case at least five
Business Days prior to such filing). The Company and each Guarantor shall not file any
such Registration Statement or Prospectus or any amendments or supplements thereto in
respect of which the

10

 

Holders must provide information for the inclusion therein without the Holders being
afforded an opportunity to review such documentation if the holders of a majority in
aggregate principal amount of the Registrable Notes covered by such Registration
Statement, or any such Participating Broker-Dealer, as the case may be, the managing
underwriters, if any, or any of their respective counsel shall reasonably object in
writing on a timely basis. A Holder shall be deemed to have reasonably objected to
such filing if such Registration Statement, amendment, Prospectus or supplement, as
applicable, as proposed to be filed, contains an untrue statement of a material fact
or omits to state any material fact necessary to make the statements therein not
misleading or fails to comply with the applicable requirements of the Securities
Act.

	 	(b)	 	Provide an indenture trustee for the Registrable Notes, the Exchange Notes or
the Private Exchange Notes, as the case may be, and cause the Indenture (or other
indenture relating to the Registrable Notes) to be qualified under the TIA not later
than the effective date of the first Registration Statement; and in connection
therewith, to effect such changes to such indenture as may be required for such
indenture to be so qualified in accordance with the terms of the TIA; and execute, and
use its best efforts to cause such trustee to execute, all documents as may be required
to effect such changes, and all other forms and documents required to be filed with the
SEC to enable such indenture to be so qualified in a timely manner.
	 
	 	(c)	 	Prepare and file with the SEC such pre-effective amendments and post-effective
amendments to each Shelf Registration or Exchange Registration Statement, as the case
may be, as may be necessary to keep such Registration Statement continuously effective
for the Effectiveness Period or the Applicable Period, as the case may be; cause the
related Prospectus to be supplemented by any Prospectus supplement required by
applicable law, and as so supplemented to be filed pursuant to Rule 424 (or any similar
provisions then in force) promulgated under the Securities Act; and comply with the
provisions of the Securities Act and the Exchange Act applicable to them with respect
to the disposition of all securities covered by such Registration Statement as so
amended or in such Prospectus as so supplemented and with respect to the subsequent
resale of any securities being sold by a Participating Broker-Dealer covered by any
such Prospectus. The Company and each Guarantor shall not, during the Applicable
Period, voluntarily take any action that would result in selling Holders of the
Registrable Notes covered by a Registration Statement or Participating Broker-Dealers
seeking to sell Exchange Notes not being able to sell such Registrable Notes or such
Exchange Notes during that period, unless such action is required by applicable law,
rule or regulation or permitted by this Agreement.
	 
	 	(d)	 	Furnish to such selling Holders and Participating Broker-Dealers who so request
in writing (i) upon the Company’s receipt, a copy of the order of the SEC declaring
such Registration Statement and any post effective amendment thereto effective, (ii)
such reasonable number of copies of such Registration Statement and of each amendment
and supplement thereto (in each case including any documents incorporated therein by
reference and all exhibits), (iii) such

11

 

reasonable number of copies of the Prospectus included in such Registration
Statement (including each preliminary Prospectus) and each amendment and supplement
thereto, and such reasonable number of copies of the final Prospectus as filed by
the Company and each Guarantor pursuant to Rule 424(b) under the Securities Act, in
conformity with the requirements of the Securities Act and each amendment and
supplement thereto, and (iv) such other documents (including any amendments required
to be filed pursuant to clause (c) of this Section 6), as any such Person
may reasonably request in writing. The Company and the Guarantors hereby consent to
the use of the Prospectus by each of the selling Holders of Registrable Notes or
each such Participating Broker-Dealer, as the case may be, and the underwriters or
agents, if any, and dealers, if any, in connection with the offering and sale of the
Registrable Notes covered by, or the sale by Participating Broker-Dealers of the
Exchange Notes pursuant to, such Prospectus and any amendment or supplement thereto.

	 	(e)	 	If (1) a Shelf Registration is filed pursuant to Section 3, or (2) a
Prospectus contained in an Exchange Registration Statement filed pursuant to
Section 2 is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable
Period relating thereto, the Company shall notify in writing the selling Holders of
Registrable Notes, or each such Participating Broker-Dealer, as the case may be, the
managing underwriters, if any, and each of their respective counsel promptly (but in
any event within two Business Days) (i) when a Prospectus or any Prospectus supplement
or post-effective amendment has been filed, and, with respect to a Registration
Statement or any post-effective amendment, when the same has become effective
(including in such notice a written statement that any Holder may, upon request,
obtain, without charge, one conformed copy of such Registration Statement or
post-effective amendment including financial statements and schedules, documents
incorporated or deemed to be incorporated by reference and exhibits), (ii) of the
issuance by the SEC of any “stop order” suspending the effectiveness of a Registration
Statement or of any order preventing or suspending the use of any Prospectus or the
initiation of any proceedings for that purpose, (iii) if at any time when a Prospectus
is required by the Securities Act to be delivered in connection with sales of the
Registrable Notes the representations and warranties of the Company and any Guarantor
contained in any agreement (including any underwriting agreement) contemplated by
Section 6(n) hereof cease to be true and correct, (iv) of the receipt by the
Company or any Guarantor of any notification with respect to the suspension of the
qualification or exemption from qualification of a Registration Statement or any of the
Registrable Notes or the Exchange Notes to be sold by any Participating Broker-Dealer
for offer or sale in any jurisdiction, or the initiation or threatening of any
proceeding for such purpose, (v) of the happening of any event, the existence of any
condition or any information becoming known that makes any statement made in such
Registration Statement or related Prospectus or any document incorporated or deemed to
be incorporated therein by reference untrue in any material respect or that requires
the making of any changes in, or amendments or supplements to, such Registration
Statement, Prospectus or

12

 

documents so that, in the case of the Registration Statement and the Prospectus, it
will not contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading,
(vi) of any reasonable determination by the Company or any Guarantor that a
post-effective amendment to a Registration Statement would be appropriate and (vii)
of any request by the SEC for amendments to the Registration Statement or
supplements to the Prospectus or for additional information relating thereto.

	 	(f)	 	Use its best efforts to prevent the issuance of any order suspending the
effectiveness of a Registration Statement or of any order preventing or suspending the
use of a Prospectus or suspending the qualification (or exemption from qualification)
of any of the Registrable Notes or the Exchange Notes to be sold by any Participating
Broker-Dealer, for sale in any jurisdiction, and, if any such order is issued, to use
its best efforts to obtain the withdrawal of any such order at the earliest possible
date.
	 
	 	(g)	 	If (A) a Shelf Registration is filed pursuant to Section 3, (B) a
Prospectus contained in an Exchange Registration Statement filed pursuant to
Section 2 is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable
Period or (C) reasonably requested in writing by the managing underwriters, if any, or
the Holders of a majority in aggregate principal amount of the Registrable Notes being
sold in connection with an Underwritten Offering, (i) promptly incorporate in a
Prospectus supplement or post-effective amendment such information or revisions to
information therein relating to such underwriters or selling Holders as the managing
underwriters, if any, or such Holders or any of their respective counsel reasonably
request in writing to be included or made therein and (ii) make all required filings of
such Prospectus supplement or such post-effective amendment as soon as practicable
after the Company has received notification of the matters to be incorporated in such
Prospectus supplements or post-effective amendment.
	 
	 	(h)	 	Prior to any public offering of Registrable Notes or any delivery of a
Prospectus contained in the Exchange Registration Statement by any Participating
Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, use its
best efforts to register or qualify, and to cooperate with the selling Holders of
Registrable Notes or each such Participating Broker-Dealer, as the case may be, the
underwriters, if any, and their respective counsel in connection with the registration
or qualification (or exemption from such registration or qualification) of such
Registrable Notes or Exchange Notes, as the case may be, for offer and sale under the
securities or “blue sky” laws of such jurisdictions within the United States as any
selling Holder, Participating Broker-Dealer or any managing underwriter or
underwriters, if any, reasonably request in writing; provided, that where
Exchange Notes held by Participating Broker-Dealers or Registrable Notes are offered
other than through an Underwritten Offering, the Company and each

13

 

Guarantor agree to cause its counsel to perform “blue sky” investigations and file
any registrations and qualifications required to be filed pursuant to this
Section 6(h), keep each such registration or qualification (or exemption
therefrom) effective during the period such Registration Statement is required to be
kept effective and do any and all other acts or things reasonably necessary or
advisable to enable the disposition in such jurisdictions of the Exchange Notes held
by Participating Broker-Dealers or the Registrable Notes covered by the applicable
Registration Statement; provided, that neither the Company nor any Guarantor
shall be required to (A) qualify generally to do business in any jurisdiction where
it is not then so qualified, (B) take any action that would subject it to general
service of process in any such jurisdiction where it is not then so subject or (C)
subject itself to taxation in any such jurisdiction where it is not then so subject.

	 	(i)	 	If (A) a Shelf Registration is filed pursuant to Section 3 or (B) a
Prospectus contained in an Exchange Registration Statement filed pursuant to
Section 2 is requested to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable
Period, cooperate with the selling Holders of Registrable Notes and the managing
underwriter or underwriters, if any, to facilitate the timely preparation and delivery
of certificates representing Registrable Notes to be sold, which certificates shall not
bear any restrictive legends and shall be in a form eligible for deposit with The
Depository Trust Company, and enable such Registrable Notes to be in such denominations
and registered in such names as the managing underwriter or underwriters, if any, or
Holders may reasonably request.
	 
	 	(j)	 	Use its reasonable best efforts to cause the Registrable Notes covered by any
Registration Statement to be registered with or approved by such governmental agencies
or authorities as may be necessary to enable the seller or sellers thereof or the
underwriter, if any, to consummate the disposition of such Registrable Notes, except as
may be required solely as a consequence of the nature of such selling Holder’s
business, in which case the Company shall (and shall cause each Guarantor to) cooperate
in all reasonable respects with the filing of such Registration Statement and the
granting of such approvals; provided, that neither the Company nor any existing
Guarantor shall be required to (A) qualify generally to do business in any jurisdiction
where it is not then so qualified, (B) take any action that would subject it to general
service of process in any jurisdiction where it is not then so subject or (C) subject
itself to taxation in any such jurisdiction where it is not then so subject.
	 
	 	(k)	 	If (1) a Shelf Registration is filed pursuant to Section 3, or (2) a
Prospectus contained in an Exchange Registration Statement filed pursuant to
Section 2 is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable
Period, upon the occurrence of any event contemplated by Sections 6(e)(v) or
6(e)(vi) hereof, as promptly as practicable, prepare and file with the SEC, at
the expense of the Company and the Guarantors, a supplement or post-effective amendment
to the Registration Statement or a supplement to the related Prospectus or any

14

 

document incorporated or deemed to be incorporated therein by reference, or file any
other required document so that, as thereafter delivered to the purchasers of the
Registrable Notes being sold thereunder or to the purchasers of the Exchange Notes
to whom such Prospectus will be delivered by a Participating Broker-Dealer, such
Prospectus will not contain an untrue statement of a material fact or omit to state
a material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading,
and, if SEC review is required, use its best efforts to cause such post-effective
amendment to be declared effective as soon as possible.

	 	(l)	 	Prior to the initial issuance of the Exchange Notes, (i) provide the Trustee
with one or more certificates for the Registrable Notes in a form eligible for deposit
with The Depository Trust Company and (ii) provide a CUSIP number for the Exchange
Notes.
	 
	 	(m)	 	If a Shelf Registration is filed pursuant to Section 3, and the
Registrable Notes are being offered in an Underwritten Offering, enter into such
agreements (including an underwriting agreement in form, scope and substance as is
customary in underwritten offerings of debt securities similar to the Notes, as may be
appropriate in the circumstances) and take all such other actions in connection
therewith (including those reasonably requested in writing by the managing
underwriters, if any, or the Holders of a majority in aggregate principal amount of the
Registrable Notes being sold) in order to expedite or facilitate the registration or
the disposition of such Registrable Notes, and in such connection, whether or not an
underwriting agreement is entered into and whether or not the registration is an
Underwritten Registration, (i) make such representations and warranties to the Holders
and the underwriters, if any, with respect to the business of the Company and its
subsidiaries as then conducted, and the Registration Statement, Prospectus and
documents, if any, incorporated or deemed to be incorporated by reference therein, in
each case, in form, substance and scope as are customarily made by issuers to
underwriters in underwritten offerings of debt securities similar to the Notes, as may
be appropriate in the circumstances, and confirm the same if and when reasonably
required; (ii) obtain an opinion of counsel to the Company and the Guarantors and
updates thereof (which counsel and opinions (in form, scope and substance) shall be
reasonably satisfactory to the managing underwriters, if any, and the Holders of a
majority in aggregate principal amount of the Registrable Notes being sold), addressed
to each selling Holder and each of the underwriters, if any, covering the matters
customarily covered in opinions of counsel to the Company and the Guarantors requested
in underwritten offerings of debt securities similar to the Notes, as may be
appropriate in the circumstances; (iii) obtain “cold comfort” letters and updates
thereof (which letters and updates (in form, scope and substance) shall be reasonably
satisfactory to the managing underwriters) from the independent certified public
accountants of the Company and the Guarantors (and, if necessary, any other independent
certified public accountants of any subsidiary of the Company or of any business
acquired by the Company for which financial statements and financial data are, or are
required to be, included in the Registration Statement), addressed to each of the
underwriters,

15

 

such letters to be in customary form and covering matters of the type customarily
covered in “cold comfort” letters in connection with underwritten offerings of debt
securities similar to the Notes, as may be appropriate in the circumstances, and
such other matters as reasonably requested in writing by the underwriters; and (iv)
deliver such documents and certificates as may be reasonably requested in writing by
the Holders of a majority in aggregate principal amount of the Registrable Notes
being sold and the managing underwriters, if any, to evidence the continued validity
of the representations and warranties of the Company and its subsidiaries made
pursuant to clause (i) above and to evidence compliance with any conditions
contained in the underwriting agreement or other similar agreement entered into by
the Company or any Guarantor.

	 	(n)	 	If (1) a Shelf Registration is filed pursuant to Section 3, or (2) a
Prospectus contained in an Exchange Registration Statement filed pursuant to
Section 2 is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable
Period, make available for inspection by any selling Holder of such Registrable Notes
being sold, or each such Participating Broker-Dealer, as the case may be, any
underwriter participating in any such disposition of Registrable Notes, if any, and any
attorney, accountant or other agent retained by any such selling Holder or each such
Participating Broker-Dealer, as the case may be, or underwriter (collectively, the
“Inspectors”), at the offices where normally kept, during reasonable business
hours, all financial and other records and pertinent corporate documents of the Company
and its subsidiaries (collectively, the “Records”) as shall be reasonably
necessary to enable them to exercise any applicable due diligence responsibilities, and
cause the officers, directors and employees of the Company and its subsidiaries to
supply all information reasonably requested in writing by any such Inspector in
connection with such Registration Statement. Each Inspector shall agree in writing
that it will keep the Records confidential and not disclose any of the Records unless
(i) the disclosure of such Records is necessary to avoid or correct a misstatement or
omission in such Registration Statement, (ii) the release of such Records is ordered
pursuant to a subpoena or other order from a court of competent jurisdiction, (iii) the
information in such Records is public or has been made generally available to the
public other than as a result of a disclosure or failure to safeguard by such Inspector
or (iv) disclosure of such information is, in the reasonable written opinion of counsel
for any Inspector, necessary or advisable in connection with any action, claim, suit or
proceeding, directly or indirectly, involving or potentially involving such Inspector
and arising out of, based upon, related to, or involving this Agreement, or any
transaction contemplated hereby or arising hereunder. Each selling Holder of such
Registrable Notes and each such Participating Broker-Dealer will be required to agree
that information obtained by it as a result of such inspections shall be deemed
confidential and shall not be used by it as the basis for any market transactions in
the securities of the Company unless and until such is made generally available to the
public. Each Inspector, each selling Holder of such Registrable Notes and each such
Participating Broker-Dealer will be required to further agree that it will, upon
learning that disclosure of such Records is sought

16

 

in a court of competent jurisdiction, give notice to the Company and, to the extent
reasonably practicable, use its best efforts to allow the Company, at its expense,
to undertake appropriate action to prevent disclosure of the Records deemed
confidential at its expense.

	 	(o)	 	Comply with all applicable rules and regulations of the SEC and make generally
available to the security holders of the Company with regard to any Applicable
Registration Statement earning statements satisfying the provisions of Section 11(a) of
the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the
Securities Act) no later than 45 days after the end of any 12-month period (or 90 days
after the end of any 12-month period if such period is a fiscal year) (i) commencing at
the end of any fiscal quarter in which Registrable Notes are sold to underwriters in a
firm commitment or best efforts underwritten offering and (ii) if not sold to
underwriters in such an offering, commencing on the first day of the first fiscal
quarter of the Company after the effective date of a Registration Statement, which
statements shall cover said 12-month periods.
	 
	 	(p)	 	Upon consummation of an Exchange Offer or Private Exchange, obtain an opinion
of counsel to the Company and the Guarantors (in form, scope and substance reasonably
satisfactory to the Initial Purchaser and its counsel), addressed to the Trustee for
the benefit of all Holders participating in the Exchange Offer or Private Exchange, as
the case may be, to the effect that (i) the Company and the Guarantors have duly
authorized, executed and delivered the Exchange Notes or the Private Exchange Notes, as
the case may be, and the Indenture, (ii) the Exchange Notes or the Private Exchange
Notes, as the case may be, and the Indenture constitute legal, valid and binding
obligations of the Company and the Guarantors, enforceable against the Company and the
Guarantors in accordance with their respective terms, except as such enforcement may be
subject to customary United States and foreign exceptions and (iii) all obligations of
the Company and the Guarantors under the Exchange Notes or the Private Exchange Notes,
as the case may be, and the Indenture are secured by Liens on the assets securing the
obligations of the Company and the Guarantors under the Notes, Indenture and Collateral
Agreements to the extent and as discussed in the Registration Statement.
	 
	 	(q)	 	If the Exchange Offer or a Private Exchange is to be consummated, upon delivery
of the Registrable Notes by the Holders to the Company and the Guarantors (or to such
other Person as directed by the Company and the Guarantors) in exchange for the
Exchange Notes or the Private Exchange Notes, as the case may be, the Company and the
Guarantors shall mark, or cause to be marked, on such Registrable Notes that the
Exchange Notes or the Private Exchange Notes, as the case may be, are being issued as
substitute evidence of the indebtedness originally evidenced by the Registrable Notes;
provided, that in no event shall such Registrable Notes be marked as paid or
otherwise satisfied.

17

 

	 	(r)	 	Cooperate with each seller of Registrable Notes covered by any Registration
Statement and each underwriter, if any, participating in the disposition of such
Registrable Notes and their respective counsel in connection with any filings required
to be made with the NASD.
	 
	 	(s)	 	Use its best efforts to cause all Securities covered by a Registration
Statement to be listed on each securities exchange, if any, on which similar debt
securities issued by the Company are then listed.
	 
	 	(t)	 	Use its best efforts to take such other steps as may be reasonably necessary to
effect the registration of the Registrable Notes covered by a Registration Statement
contemplated hereby.
	 
	 	(u)	 	The Company may require each seller of Registrable Notes or Participating
Broker-Dealer as to which any registration is being effected to furnish to the Company
such information regarding such seller or Participating Broker-Dealer and the
distribution of such Registrable Notes as the Company may, from time to time,
reasonably request in writing. The Company may exclude from such registration the
Registrable Notes of any seller who fails to furnish such information within a
reasonable time (which time in no event shall exceed 45 days, subject to Section
3(d) hereof) after receiving such request. Each seller of Registrable Notes or
Participating Broker-Dealer as to which any registration is being effected agrees to
furnish promptly to the Company all information required to be disclosed in order to
make the information previously furnished by such seller not materially misleading.
	 
	 	(v)	 	Each Holder of Registrable Notes and each Participating Broker-Dealer agrees by
acquisition of such Registrable Notes or Exchange Notes to be sold by such
Participating Broker-Dealer, as the case may be, that, upon receipt of any notice from
the Company of the happening of any event of the kind described in Section
6(e)(2)(ii), 6(e)(2)(iii), 6(e)(2)(iv), 6(e)(2)(v) or
6(e)(2)(vi), such Holder will forthwith discontinue disposition of such
Registrable Notes covered by a Registration Statement and such Participating
Broker-Dealer shall forthwith discontinue disposition of such Exchange Notes pursuant
to any Prospectus and, in each case, forthwith discontinue dissemination of such
Prospectus until such Holder’s or Participating Broker-Dealer’s receipt of the copies
of the supplemented or amended Prospectus contemplated by Section 6(k), or
until it is advised in writing (each, an “Advice”) by the Company and the
Guarantors that the use of the applicable Prospectus may be resumed, and has received
copies of any amendments or supplements thereto and, if so directed by the Company and
the Guarantors, such Holder or Participating Broker-Dealer, as the case may be, will
deliver to the Company all copies, other than permanent file copies, then in such
Holder’s or Participating Broker-Dealer’s possession, of the Prospectus covering such
Registrable Notes current at the time of the receipt of such notice. In the event the
Company and the Guarantors shall give any such notice, the Applicable Period shall be
extended by the number of days during such periods from and including the date of the
giving of such notice to and including the date

18

 

when each Participating Broker-Dealer shall have received (x) the copies of the
supplemented or amended Prospectus contemplated by Section 6(k) or
(y) an Advice.

7. Registration Expenses

	 	(a)	 	All fees and expenses incident to the performance of or compliance with this
Agreement by the Company and the Guarantors shall be borne by the Company and the
Guarantors, whether or not the Exchange Offer or a Shelf Registration is filed or
becomes effective, including, without limitation, (i) all registration and filing fees,
including, without limitation, (A) fees with respect to filings required to be made
with the NASD in connection with any Underwritten Offering and (B) fees and expenses of
compliance with state securities or “blue sky” laws as provided in Section 6(h)
hereof (including, without limitation, reasonable fees and disbursements of counsel in
connection with “blue sky” qualifications of the Registrable Notes or Exchange Notes
and determination of the eligibility of the Registrable Notes or Exchange Notes for
investment under the laws of such jurisdictions (x) where the Holders are located, in
the case of the Exchange Notes, or (y) as provided in Section 6(h), in the case
of the Registrable Notes or Exchange Notes to be sold by a Participating Broker-Dealer
during the Applicable Period)), (ii) printing expenses, including, without limitation,
expenses of printing Prospectuses if the printing of Prospectuses is requested by the
managing underwriter or underwriters, if any, or by the Holders of a majority in
aggregate principal amount of the Registrable Notes included in any Registration
Statement or by any Participating Broker-Dealer during the Applicable Period, as the
case may be, (iii) messenger, telephone and delivery expenses incurred in connection
with the performance of their obligations hereunder, (iv) fees and disbursements of
counsel for the Company, the Guarantors and, subject to Section 7(b), the
Holders, (v) fees and disbursements of all independent certified public accountants
referred to in Section 6 (including, without limitation, the expenses of any
special audit and “cold comfort” letters required by or incident to such performance),
(vi) rating agency fees and the fees and expenses incurred in connection with the
listing of the Securities on any securities exchange, if any, (vii) Securities Act
liability insurance, if the Company and the Guarantors desire such insurance, (viii)
fees and expenses of all other Persons retained by the Company and the Guarantors, (ix)
fees and expenses of any “qualified independent underwriter” or other independent
appraiser participating in an offering pursuant to Section 3 of Schedule E to the
By-laws of the NASD, but only where the need for such a “qualified independent
underwriter” arises due to a relationship with the Company and the Guarantors, (x)
internal expenses of the Company and the Guarantors (including, without limitation, all
salaries and expenses of officers and employees of the Company or the Guarantors
performing legal or accounting duties), (xi) the expense of any annual audit, (xii) the
fees and expenses of the Trustee and the exchange agent and (xiii) the expenses
relating to printing, word processing and distributing all Registration Statements,
underwriting agreements, securities sales agreements, indentures and any other
documents necessary in order to comply with this Agreement.

19

 

	 	(b)	 	The Company and the Guarantors shall reimburse the Holders for the reasonable
fees and disbursements of not more than one counsel chosen by the Holders of a majority
in aggregate principal amount of the Registrable Notes to be included in any
Registration Statement. The Company and the Guarantors shall pay all documentary,
stamp, transfer or other transactional taxes attributable to the issuance or delivery
of the Exchange Notes or Private Exchange Notes in exchange for the Notes;
provided, that the Company shall not be required to pay taxes payable in
respect of any transfer involved in the issuance or delivery of any Exchange Note or
Private Exchange Note in a name other than that of the Holder of the Note in respect of
which such Exchange Note or Private Exchange Note is being issued. The Company and the
Guarantors shall reimburse the Holders for fees and expenses (including reasonable fees
and expenses of counsel to the Holders) relating to any enforcement of any rights of
the Holders under this Agreement.

8. Indemnification

	 	(a)	 	Indemnification by the Company and the Guarantors. The Company and the
Guarantors jointly and severally agree to indemnify and hold harmless each Holder of
Registrable Notes, Exchange Notes or Private Exchange Notes and each Participating
Broker-Dealer selling Exchange Notes during the Applicable Period, each Person, if any,
who controls each such Holder (within the meaning of Section 15 of the Securities Act
or Section 20(a) of the Exchange Act) and the officers, directors and partners of each
such Holder, Participating Broker-Dealer and controlling person, to the fullest extent
lawful, from and against any and all losses, claims, damages, liabilities, costs
(including, without limitation, reasonable costs of preparation and reasonable
attorneys’ fees as provided in this Section 8) and expenses (including, without
limitation, reasonable costs and expenses incurred in connection with investigating,
preparing, pursuing or defending against any of the foregoing) (collectively,
“Losses”), as incurred, directly or indirectly caused by, related to, based
upon, arising out of or in connection with any untrue or alleged untrue statement of a
material fact contained in any Registration Statement, Prospectus or form of
prospectus, or in any amendment or supplement thereto, or in any preliminary
prospectus, or any omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein, in light of
the circumstances under which they were made, not misleading, but only to the extent,
that such Losses are finally judicially determined by a court of competent jurisdiction
in a final, unappealable order, except insofar as such Losses are solely based upon
information relating to such Holder or Participating Broker-Dealer and furnished in
writing to the Company and the Guarantors (or reviewed and approved in writing) by such
Holder or Participating Broker-Dealer or their counsel expressly for use therein;
provided, that the Company and the Guarantors will not be liable to any
Indemnified Party (as defined below) under this Section 8 to the extent Losses
were solely caused by an untrue statement or omission or alleged untrue statement or
omission that was contained or made in any preliminary prospectus and corrected in the
Prospectus or any amendment or supplement thereto if (i) the

20

 

Prospectus does not contain any other untrue statement or omission or alleged untrue
statement or omission of a material fact that was the subject matter of the related
proceeding, (ii) any such Losses resulted from an action, claim or suit by any
Person who purchased Registrable Notes or Exchange Notes that are the subject
thereof from such Indemnified Party and (iii) it is established in the related
proceeding that such Indemnified Party failed to deliver or provide a copy of the
Prospectus (as amended or supplemented) to such Person with or prior to the
confirmation of the sale of such Registrable Notes or Exchange Notes sold to such
Person if required by applicable law, unless such failure to deliver or provide a
copy of the Prospectus (as amended or supplemented) was a result of noncompliance by
the Company with Section 6 of this Agreement. The Company and the
Guarantors also agree to indemnify underwriters, selling brokers, dealer managers
and similar securities industry professionals participating in the distribution,
their officers, directors, agents and employees and each Person who controls (within
the meaning of Section 5 of the Securities Act or Section 20(a) of the Exchange Act)
such Persons to the same extent as provided above with respect to the
indemnification of the Holders or the Participating Broker-Dealer.

	 	(b)	 	Indemnification by Holder. In connection with any Registration
Statement, Prospectus or form of prospectus, any amendment or supplement thereto, or
any preliminary prospectus in which a Holder is participating, such Holder shall
furnish to the Company and the Guarantors in writing such information as the Company
and the Guarantors reasonably request for use in connection with any Registration
Statement, Prospectus or form of prospectus, any amendment or supplement thereto, or
any preliminary prospectus and shall indemnify and hold harmless the Company, the
Guarantors, their respective directors and each Person, if any, who controls (within
the meaning of Section 15 of the Securities Act and Section 20(a) of the Exchange Act)
the Company and the Guarantors, and the directors, officers and partners of such
controlling persons, to the fullest extent lawful, from and against all Losses arising
out of or based upon any untrue or alleged untrue statement of a material fact
contained in any Registration Statement, Prospectus or form of prospectus or in any
amendment or supplement thereto or in any preliminary prospectus, or any omission or
alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances under which
they were made, not misleading to the extent, but only to the extent, that such losses
are finally judicially determined by a court of competent jurisdiction in a final,
unappealable order to have resulted solely from an untrue statement or alleged untrue
statement of a material fact or omission or alleged omission of a material fact
contained in or omitted from any information so furnished in writing by such Holder to
the Company and the Guarantors expressly for use therein. Notwithstanding the
foregoing, in no event shall the liability of any selling Holder be greater in amount
than such Holder’s Maximum Contribution Amount (as defined below).
	 
	 	(c)	 	Conduct of Indemnification Proceedings. If any proceeding shall be
brought or asserted against any Person entitled to indemnity hereunder (an
“Indemnified Party”), such Indemnified Party shall promptly notify the party or
parties from

21

 

which such indemnity is sought (the “Indemnifying Party” or
“Indemnifying Parties,” as applicable) in writing; provided, that
the failure to so notify the Indemnifying Parties shall not relieve the Indemnifying
Parties from any obligation or liability except to the extent, but only to the
extent, that they or it shall be finally determined by a court of competent
jurisdiction (which determination is not subject to appeal) that the Indemnifying
Parties have been prejudiced materially by such failure.

     The Indemnifying Party shall have the right, exercisable by giving written notice to an
Indemnified Party, within 20 Business Days after receipt of written notice from such Indemnified
Party of such proceeding, to assume, at its expense, the defense of any such proceeding;
provided, that an Indemnified Party shall have the right to employ separate counsel in any
such proceeding and to participate in the defense thereof, but the fees and expenses of such
counsel shall be at the expense of such Indemnified Party or parties unless: (1) the Indemnifying
Party has agreed to pay such fees and expenses; or (2) the Indemnifying Party shall have failed
promptly to assume the defense of such proceeding or shall have failed to employ counsel reasonably
satisfactory to such Indemnified Party; or (3) the named parties to any such proceeding (including
any impleaded parties) include both such Indemnified Party and the Indemnifying Party or any of its
affiliates or controlling persons, and such Indemnified Party shall have been advised by counsel
that there may be one or more defenses available to such Indemnified Party that are in addition to,
or in conflict with, those defenses available to the Indemnifying Party or such affiliate or
controlling person (in which case, if such Indemnified Party notifies the Indemnifying Parties in
writing that it elects to employ separate counsel at the expense of the Indemnifying Parties, the
Indemnifying Parties shall not have the right to assume the defense and the reasonable fees and
expenses of such counsel shall be at the expense of the Indemnifying Party; provided, that
the Indemnifying Party shall not, in connection with any one such proceeding or separate but
substantially similar or related proceedings in the same jurisdiction, arising out of the same
general allegations or circumstances, be liable for the fees and expenses of more than one separate
firm of attorneys (together with appropriate local counsel) at any time for such Indemnified
Party).

     No Indemnifying Party shall be liable for any settlement of any such proceeding effected
without its written consent, which shall not be unreasonably withheld, but if settled with its
written consent, or if there be a final judgment for the plaintiff in any such proceeding, each
Indemnifying Party jointly and severally agrees, subject to the exceptions and limitations set
forth above, to indemnify and hold harmless each Indemnified Party from and against any and all
Losses by reason of such settlement or judgment. The Indemnifying Party shall not consent to the
entry of any judgment or enter into any settlement that does not include as an unconditional term
thereof the giving by the claimant or plaintiff to each Indemnified Party of a release, in form and
substance reasonably satisfactory to the Indemnified Party, from all liability in respect of such
proceeding for which such Indemnified Party would be entitled to indemnification hereunder (whether
or not any Indemnified Party is a party thereto).

	 	(d)	 	Contribution. If the indemnification provided for in this Section
8 is unavailable to an Indemnified Party or is insufficient to hold such
Indemnified Party harmless for any Losses in respect of which this Section 8
would otherwise apply by its terms (other than by reason of exceptions provided in this
Section 8), then each

22

 

applicable Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall
have a joint and several obligation to contribute to the amount paid or payable by
such Indemnified Party as a result of such Losses, in such proportion as is
appropriate to reflect the relative fault of the Indemnifying Party, on the one
hand, and such Indemnified Party, on the other hand, in connection with the actions,
statements or omissions that resulted in such Losses as well as any other relevant
equitable considerations. The relative fault of such Indemnifying Party, on the one
hand, and the Indemnified Party, on the other hand, shall be determined by reference
to, among other things, whether any untrue or alleged untrue statement of a material
fact or omission or alleged omission to state a material fact relates to information
supplied by such Indemnifying Party or Indemnified Party, and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent any
such statement or omission. The amount paid or payable by an Indemnified Party as a
result of any Losses shall be deemed to include any legal or other fees or expenses
incurred by such party in connection with any proceeding, to the extent such party
would have been indemnified for such fees or expenses if the indemnification
provided for in Section 8(a) or 8(b) was available to such party.

     The parties hereto agree that it would not be just and equitable if contribution pursuant to
this Section 8(d) were determined by pro rata allocation or by other method of allocation
that does not take account of the equitable considerations referred to in the immediately preceding
paragraph. Notwithstanding the provisions of this Section 8(d), a selling Holder shall not
be required to contribute, in the aggregate, any amount in excess of such Holder’s Maximum
Contribution Amount. A selling Holder’s “Maximum Contribution Amount” shall equal the
excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such
Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has
otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty
of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this
Section 8(d) are several in proportion to the respective principal amount of the
Registrable Notes held by each Holder hereunder and not joint. The Company’s and Guarantors’
obligations to contribute pursuant to this Section 8(d) are joint and several.

     The indemnity and contribution agreements contained in this Section 8 are in addition
to any liability that the Indemnifying Parties may have to the Indemnified Parties.

9. Rules 144 and 144A

     The Company covenants that it shall (a) file the reports required to be filed by it (if so
required) under the Securities Act and the Exchange Act in a timely manner, (b) if at any time the
Company is not required to file such reports, it will, upon the written request of any Holder of
Registrable Notes, make publicly available other information necessary to permit sales pursuant to
Rule 144 and 144A and (c) take such further action as any Holder may reasonably request in writing,
all to the extent required from time to time to enable such Holder to sell Registrable Notes
without registration under the Securities Act pursuant to the exemptions

23

 

provided by Rule 144 and Rule 144A; provided, that the first report that the Issuer
shall be required to file under Section 9(a) is (A) if the Company files a registration
statement on Form 10 (or any successor form) with the SEC on or before April 30, 2006, a report
that contains the quarterly financial information required of a reporting company under the
Exchange Act for the fiscal quarter ended March 31, 2006, and (B) if the Company does not file a
registration statement on Form 10 (or any successor form) on or before April 30, 2006, a report
that contains the annual financial information required of a reporting company under the Exchange
Act for the fiscal year ended December 31, 2005, on or before April 30, 2006. Upon the request of
any Holder, the Company shall deliver to such Holder a written statement as to whether it has
complied with such information and requirements.

10. Underwritten Registrations of Registrable Notes

     If any of the Registrable Notes covered by any Shelf Registration is to be sold in an
Underwritten Offering, the investment banker or investment bankers and manager or managers that
will manage the offering will be selected by the Holders of a majority in aggregate principal
amount of such Registrable Notes included in such offering; provided, that such investment
banker or investment bankers and manager or managers must be reasonably acceptable to the Company.

     No Holder of Registrable Notes may participate in any Underwritten Registration hereunder
unless such Holder (a) agrees to sell such Holder’s Registrable Notes on the basis provided in any
underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements
and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents required under the terms of such underwriting arrangements.

11. Miscellaneous

	 	(a)	 	Remedies. In the event of a breach by either the Company or any of the
Guarantors of any of their respective obligations under this Agreement, each Holder, in
addition to being entitled to exercise all rights provided herein, in the Indenture or,
in the case of the Initial Purchaser, in the Purchase Agreement, or granted by law,
including recovery of damages, will be entitled to specific performance of its rights
under this Agreement. The Company and the Guarantors agree that monetary damages would
not be adequate compensation for any loss incurred by reason of a breach by either the
Company or any of the Guarantors of any of the provisions of this Agreement and hereby
further agree that, in the event of any action for specific performance in respect of
such breach, the Company shall (and shall cause each Guarantor to) waive the defense
that a remedy at law would be adequate.
	 
	 	(b)	 	No Inconsistent Agreements. The Company and each of the Guarantors
have not entered, as of the date hereof, and the Company and each of the Guarantors
shall not enter, after the date of this Agreement, into any agreement with respect to
any of its securities that is inconsistent with the rights granted to the Holders of
Securities in this Agreement or otherwise conflicts with the provisions hereof.

24

 

The Company and each of the Guarantors will not enter into any agreement with
respect to any of its securities that will grant to any Person “piggy-back” rights
with respect to a Registration Statement other than those granted under the Warrant
Agreement.

	 	(c)	 	Adjustments Affecting Registrable Notes. The Company shall not,
directly or indirectly, take any action with respect to the Registrable Notes as a
class that would adversely affect the ability of the Holders to include such
Registrable Notes in a registration undertaken pursuant to this Agreement.
	 
	 	(d)	 	Amendments and Waivers. The provisions of this Agreement may not be
amended, modified or supplemented, and waivers or consents to departures from the
provisions hereof may not be given, otherwise than with the prior written consent of
the Holders of not less than a majority in aggregate principal amount of the then
outstanding Registrable Notes in circumstances that would adversely affect any Holders
of Registrable Notes; provided, that Section 8 and this Section
11(d) may not be amended, modified or supplemented without the prior written
consent of each Holder. Notwithstanding the foregoing, a waiver or consent to depart
from the provisions hereof with respect to a matter that relates exclusively to the
rights of Holders of Registrable Notes whose securities are being tendered pursuant to
the Exchange Offer or sold pursuant to a Registration Statement and that does not
directly or indirectly affect, impair, limit or compromise the rights of other Holders
of Registrable Notes may be given by Holders of at least a majority in aggregate
principal amount of the Registrable Notes being tendered or being sold by such Holders
pursuant to such Registration Statement.
	 
	 	(e)	 	Notices. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand delivery, registered first-class
mail, next-day air courier or telecopier:

	 	(i)	 	if to a Holder of Securities or to any Participating
Broker-Dealer, at the most current address of such Holder or Participating
Broker-Dealer, as the case may be, set forth on the records of the registrar of
the Notes, with a copy in like manner to the Initial Purchaser as follows:

	 	 	 	 	 
	 

	 	Jeffries & Company, Inc.
	 	 
	 

	 	11100 Santa Monica Boulevard	 	 
	 

	 	10th Floor	 	 
	 

	 	Los Angeles, California 90025	 	 
	 

	 	Facsimile No.: (310) 575-5165	 	 
	 

	 	Attention: Lloyd H. Feller, Esq.	 	 

with a copy to:

	 	 	 	 	 
	 

	 	Proskauer Rose LLP
	 	 
	 

	 	2049 Century Park East	 	 
	 

	 	Suite 3200	 	 

25

 

	 	 	 	 	 
	 

	 	Los Angeles, California 90067
	 	 
	 

	 	Attention: Michael A. Woronoff, Esq.	 	 

	 	(ii)	 	if to the Initial Purchaser, at the address specified in
Section 11(e)(i); and
	 
	 	(iii)	 	if to the Company or any Guarantor, as follows:

	 	 	 	 	 
	 

	 	IdleAire Technologies Corporation
	 	 
	 

	 	410 North Cedar Bluff Road	 	 
	 

	 	Suite 200	 	 
	 

	 	Knoxville, Tennessee 37923	 	 
	 

	 	Attention: James H. Price, Esq.	 	 

with a copy to:

	 	 	 	 	 
	 

	 	Holland & Knight LLP
	 	 
	 

	 	2099 Pennsylvania Avenue, N.W.	 	 
	 

	 	Suite 100	 	 
	 

	 	Washington, D.C. 20006	 	 
	 

	 	Attention: Michael M. Mannix, Esq.	 	 

     All such notices and communications shall be deemed to have been duly given: (A) when
delivered by hand, if personally delivered; (B) five Business Days after being deposited in the
United States mail, postage prepaid, if mailed, one Business Day after being deposited in the
United States mail, postage prepaid, if mailed; (C) one Business Day after being timely delivered
to a next-day air courier guaranteeing overnight delivery; and (D) when receipt is acknowledged by
the addressee, if telecopied.

     Copies of all such notices, demands or other communications shall be concurrently delivered by
the Person giving the same to the Trustee under the Indenture at the address specified in such
Indenture.

	 	(f)	 	Successors and Assigns. This Agreement shall inure to the benefit of
and be binding upon the successors and assigns of each of the parties hereto,
including, without limitation and without the need for an express assignment,
subsequent Holders of Securities.
	 
	 	(g)	 	Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement.
	 
	 	(h)	 	Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.
	 
	 	(i)	 	Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York without regard to principles of
conflicts of laws. The Company hereby irrevocably submits to

26

 

the non-exclusive jurisdiction of any New York State court sitting in the Borough of
Manhattan in the City of New York or any Federal court sitting in the Borough of
Manhattan in the City of New York in respect of any suit, action or proceeding
arising out of or relating to this Agreement, and irrevocably accepts for itself and
in respect of its property, generally and unconditionally, jurisdiction of the
aforesaid courts. The Company hereby irrevocably waives, to the fullest extent it
may effectively do so under Applicable Law, trial by jury and any objection that it
may now or hereafter have to the laying of venue of any such suit, action or
proceeding brought in any such court and any claim that any such suit, action or
proceeding brought in any such court has been brought in an inconvenient forum. The
Company hereby irrevocably consents, to the fullest extent it may effectively do so
under Applicable Law, to the service of process in any of the aforementioned courts
in any such suit, action or proceeding by the mailing of copies thereof by
registered or certified mail, postage prepaid, to the Company at its said address,
such service to become effective 30 days after such mailing. Nothing herein shall
affect the right of any Holder to serve process in any other manner permitted by law
or to commence legal proceedings or otherwise proceed against the Company in any
other jurisdiction.

	 	(j)	 	Severability. If any term, provision, covenant or restriction of this
Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or
unenforceable, the remainder of the terms, provisions, covenants and restrictions set
forth herein shall remain in full force and effect and shall in no way be affected,
impaired or invalidated, and the parties hereto shall use their best efforts to find
and employ an alternative means to achieve the same or substantially the same result as
that contemplated by such term, provision, covenant or restriction. It is hereby
stipulated and declared to be the intention of the parties hereto that they would have
executed the remaining terms, provisions, covenants and restrictions without including
any of such term, provision, covenant or restriction that may be hereafter declared
invalid, illegal, void or unenforceable.
	 
	 	(k)	 	Registrable Notes Held by the Company or Its Affiliates. Whenever the
consent or approval of Holders of a specified percentage of Registrable Notes is
required hereunder, Registrable Notes held by the Company or its affiliates (as such
term is defined in Rule 405 under the Securities Act) shall not be counted in
determining whether such consent or approval was given by the Holders of such required
percentage.
	 
	 	(l)	 	Third Party Beneficiaries. Holders and Participating Broker-Dealers
are intended to be third-party beneficiaries of this Agreement, and this Agreement may
be enforced by such Persons.
	 
	 	(m)	 	Entire Agreement. This Agreement, together with the Purchase
Agreement, the Indenture and the Collateral Agreements, is intended by the parties
hereto as a final and exclusive statement of the agreement and understanding of the
parties

27

 

hereto in respect of the subject matter contained herein and therein, and any and
all prior oral or written agreements, representations, warranties, contracts,
understandings, correspondence, conversations and memoranda between the Initial
Purchaser, on the one hand, and the Company and the Guarantors on the other, or
between or among any agents, representatives, parents, subsidiaries, affiliates,
predecessors in interest or successors in interest with respect to the subject
matter hereof and thereof are merged herein and replaced hereby.

[The remainder of this page has been intentionally left blank.]

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above.

	 	 	 	 	 	 	 
	 	 	IDLEAIRE TECHNOLOGIES CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	     /s/ Michael C. Crabtree	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     Name: Michael C. Crabtree	 	 
	 

	 	 	 	     Title: Chief Executive Officer	 	 

29

 

Accepted and Agreed as of

the date first above written:

	 	 	 	 	 	 	 
	JEFFERIES & COMPANY, INC.	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ David Losito	 	 
	 	 	 	 	 
	 

	 	Name:
	 	David Losito	 	 
	 

	 	Title:
	 	Managing Director	 	 

30

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