Document:

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                                                                     EXHIBIT 4.1

                          ADVANCED MICRO DEVICES, INC.,
                                    as Issuer

                                       and

                              THE BANK OF NEW YORK

                                   as Trustee

                                    INDENTURE

                          dated as of November 25, 2002

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                                TABLE OF CONTENTS

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ARTICLE 1. DEFINITIONS AND INCORPORATION BY REFERENCE .............................................      1

   Section 1.01. Certain Definitions. .............................................................      1
   Section 1.02. Other Definitions. ...............................................................      4
   Section 1.03. Incorporation by Reference of Trust Indenture Act. ...............................      4
   Section 1.04. Rules of Construction. ...........................................................      4

ARTICLE 2. THE SECURITIES .........................................................................      5

   Section 2.01. Unlimited In Amount, Issuable In Series, Form and Dating. ........................      5
   Section 2.02. Execution and Authentication. ....................................................      7
   Section 2.03. Registrar and Paying Agent. ......................................................      8
   Section 2.04. Paying Agent to Hold Money in Trust. .............................................      8
   Section 2.05. Securityholder Lists. ............................................................      9
   Section 2.06. Transfer and Exchange. ...........................................................      9
   Section 2.07. Replacement Securities. ..........................................................      9
   Section 2.08. Outstanding Securities. ..........................................................     10
   Section 2.09. Treasury Securities. .............................................................     10
   Section 2.10. Temporary Securities. ............................................................     10
   Section 2.11. Cancellation. ....................................................................     11
   Section 2.12. Defaulted Interest. ..............................................................     11
   Section 2.13. Special Record Dates. ............................................................     11
   Section 2.14. CUSIP Numbers. ...................................................................     11

ARTICLE 3. REDEMPTION .............................................................................     12

   Section 3.01. Notices to Trustee. ..............................................................     12
   Section 3.02. Selection of Securities to Be Redeemed. ..........................................     12
   Section 3.03. Notice of Redemption. ............................................................     12
   Section 3.04. Effect of Notice of Redemption. ..................................................     13
   Section 3.05. Deposit of Redemption Price. .....................................................     13
   Section 3.06. Securities Redeemed in Part. .....................................................     14

ARTICLE 4. COVENANTS ..............................................................................     14

   Section 4.01. Payment of Securities. ...........................................................     14
   Section 4.02. Maintenance of Office or Agency. .................................................     14
   Section 4.03. Commission Reports. ..............................................................     14
   Section 4.04. Compliance Certificate. ..........................................................     15
   Section 4.05. Taxes. ...........................................................................     15
   Section 4.06. Stay, Extension and Usury Laws. ..................................................     15
   Section 4.07. Corporate Existence. .............................................................     16
   Section 4.08. Calculation of Original Issue Discount. ..........................................     16
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ARTICLE 5. SUCCESSORS .............................................................................     16

   Section 5.01. When Company May Merge, etc. .....................................................     16
   Section 5.02. Successor Corporation Substituted. ...............................................     17

ARTICLE 6. DEFAULTS AND REMEDIES ..................................................................     17

   Section 6.01. Events of Default. ...............................................................     17
   Section 6.02. Acceleration. ....................................................................     18
   Section 6.03. Other Remedies. ..................................................................     19
   Section 6.04. Waiver of Past Defaults. .........................................................     19
   Section 6.05. Control by Majority. .............................................................     19
   Section 6.06. Limitation on Suits. .............................................................     19
   Section 6.07. Rights of Holders to Receive Payment. ............................................     20
   Section 6.08. Collection Suit by Trustee. ......................................................     20
   Section 6.09. Trustee May File Proofs of Claim. ................................................     20
   Section 6.10. Priorities. ......................................................................     21
   Section 6.11. Undertaking for Costs. ...........................................................     21

ARTICLE 7. TRUSTEE ................................................................................     22

   Section 7.01. Duties of Trustee. ...............................................................     22
   Section 7.02. Rights of Trustee. ...............................................................     23
   Section 7.03. Individual Rights of Trustee. ....................................................     24
   Section 7.04. Trustee's Disclaimer. ............................................................     24
   Section 7.05. Notice of Defaults. ..............................................................     24
   Section 7.06. Reports by Trustee to Holders. ...................................................     24
   Section 7.07. Compensation and Indemnity. ......................................................     25
   Section 7.08. Replacement of Trustee. ..........................................................     25
   Section 7.09. Successor Trustee by Merger, etc. ................................................     27
   Section 7.10. Eligibility; Disqualification. ...................................................     27
   Section 7.11. Preferential Collection of Claims Against Company. ...............................     27

ARTICLE 8. SATISFACTION AND DISCHARGE DEFEASANCE ..................................................     27

   Section 8.01. Satisfaction and Discharge of Indenture. .........................................     27
   Section 8.02. Application of Trust Funds; Indemnification. .....................................     28
   Section 8.03. Legal Defeasance of Securities of any Series. ....................................     29
   Section 8.04. Covenant Defeasance. .............................................................     30
   Section 8.05. Repayment to Company. ............................................................     31

ARTICLE 9. SUPPLEMENTS, AMENDMENTS AND WAIVERS ....................................................     32

   Section 9.01. Without Consent of Holders. ......................................................     32
   Section 9.02. With Consent of Holders. .........................................................     32
   Section 9.03. Revocation and Effect of Consents. ...............................................     33
   Section 9.04. Notation on or Exchange of Securities. ...........................................     34
   Section 9.05. Trustee to Sign Amendments, etc. .................................................     34
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ARTICLE 10.  MISCELLANEOUS ........................................................................     34

   Section 10.01. Indenture Subject to Trust Indenture Act. .......................................     34
   Section 10.02. Notices. ........................................................................     34
   Section 10.03. Communication By Holders With Other Holders. ....................................     35
   Section 10.04. Certificate and Opinion as to Conditions Precedent. .............................     35
   Section 10.05. Statements Required in Certificate or Opinion. ..................................     36
   Section 10.06. Rules by Trustee and Agents. ....................................................     36
   Section 10.07. Legal Holidays. .................................................................     36
   Section 10.08. No Recourse Against Others. .....................................................     36
   Section 10.09. Counterparts. ...................................................................     37
   Section 10.10. Governing Law. ..................................................................     37
   Section 10.11. Severability. ...................................................................     37
   Section 10.12. Effect of Headings, Table of Contents, etc. .....................................     37
   Section 10.13. Successors and Assigns. .........................................................     37
   Section 10.14. No Interpretation of Other Agreements. ..........................................     37
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CROSS-REFERENCE TABLE*
Trust Indenture
  Act Section                                                Indenture Section
-------------                                                -----------------
310(a)(1) .....................................................           7.10
   (a)(2) .....................................................           7.10
   (a)(3) .....................................................           N.A.
   (a)(4) .....................................................           N.A.
   (a)(5) .....................................................           7.10
   (b) ........................................................     7.08; 7.10
   (c) ........................................................           N.A.
311(a) ........................................................           7.11
   (b) ........................................................           7.11
   (c) ........................................................           N.A.
312(a) ........................................................           2.05
   (b) ........................................................          10.03
   (c) ........................................................          10.03
313(a) ........................................................           7.06
   (b) ........................................................           7.06
   (c) ........................................................    7.06; 10.02
   (d) ........................................................           7.06
314(a) ........................................................    4.03; 10.02
   (b) ........................................................           N.A.
   (c)(1) .....................................................          10.04
   (c)(2) .....................................................          10.04
   (c)(3) .....................................................           N.A.
   (d) ........................................................           N.A.
   (e) ........................................................          10.05
   (f) ........................................................           N.A.
315(a) ........................................................    7.01(b)(ii)
   (b) ........................................................    7.05; 10.02
   (c) ........................................................        7.01(a)
   (d) ........................................................        7.01(d)
   (e) ........................................................           6.11
316(a)(last sentence) .........................................           2.09
   (a)(1)(A) ..................................................           6.05
   (a)(1)(B) ..................................................           6.04
   (a)(2) .....................................................           N.A.
   (b) ........................................................           6.07
   (c) ........................................................     2.14; 9.03
317(a)(1) .....................................................           6.08
   (a)(2) .....................................................           6.09
   (b) ........................................................           2.04
318(a) ........................................................          10.01
   (b) ........................................................           N.A.
   (c) ........................................................          10.01
*

---------------------------
N.A. means not applicable

* This Cross-Reference Table is not part of the Indenture

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                  INDENTURE dated as of November 25, 2002 between Advanced Micro
Devices, Inc., a Delaware corporation (the "Company"), and The Bank of New York,
a New York banking corporation, as Trustee (the "Trustee").

                  The Company has duly authorized the execution and delivery of
this Indenture to provide for the issuance from time to time of its debentures,
notes or other evidences of indebtedness to be issued in one or more series (the
"Securities"), as herein provided, up to such principal amount as may from time
to time be authorized in or pursuant to one or more resolutions of the Board of
Directors or by supplemental indenture or Officers' Certificate.

                                   ARTICLE 1
         EACH PARTY AGREES AS FOLLOWS FOR THE BENEFIT OF THE OTHER PARTY
          AND FOR THE EQUAL AND RATABLE BENEFIT OF THE HOLDERS OF EACH
                       SERIES OF THE SECURITIES:ARTICLE 1.

                          DEFINITIONS AND INCORPORATION
                                  BY REFERENCE

Section 1.01         Certain Definitions.

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

                  "Agent" means any Registrar, Paying Agent, authenticating
agent or co-Registrar.

                  "Board of Directors" means the Board of Directors of the
Company or any authorized committee thereof.

                  "Board Resolution" means a copy of a resolution certified by
the Secretary or an Assistant Secretary of the Company to have been duly adopted
by the Board of Directors or pursuant to authorization by the Board of Directors
and to be in full force and effect on the date of such certification (and
delivered to the Trustee, if appropriate).

                  "Commission" means the Securities and Exchange Commission.

                  "Company" means the party named as such above until a
successor replaces it pursuant to this Indenture and thereafter means the
successor.

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

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

                  "Default" means any event that is, or with the passage of time
or the giving of notice or both would be, an Event of Default.

                  "Exchange Act" means the Securities Exchange Act of 1934, as
amended from time to time.

                  "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 have been approved by a significant segment
of the accounting profession, which are applicable from time to time.

                  "Global Security" shall mean a Security issued to evidence all
or a part of any series of Securities that is executed by the Company and
authenticated and delivered by the Trustee to a depositary or pursuant to such
depositary's instructions, all in accordance with this Indenture and pursuant to
Section 2.01, which shall be registered as to principal and interest in the name
of such depositary or its nominee.

                  "Holder" or "Securityholder" means a Person in whose name a
Security is registered in the register of Securities kept by the Registrar.

                  "Indenture" means this Indenture, as amended or supplemented
from time to time.

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

                  "Officer" means the Chairman of the Board, the Chief Executive
Officer, the President, the Chief Operating Officer, the Chief Financial
Officer, any Vice-President, the Treasurer, the Controller, the Secretary, any
Assistant Treasurer or any Assistant Secretary of the Company.

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

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

                  "Original Issue Discount Security" means any Security which
provides that an amount less than its principal amount is due and payable upon
acceleration after an Event of Default.

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

                  "Principal" of a Security means the principal amount due on
the stated maturity of the Security plus the premium, if any, on the Security.

                  "Securities" means the Securities authenticated and delivered
under this Indenture.

                  "Securities Act" means the Securities Act of 1933, as amended
from time to time.

                  "Subsidiary" means any corporation, partnership or limited
liability company of which the Company, or the Company and one or more
Subsidiaries, or any one or more Subsidiaries, directly or indirectly own (i) in
the case of a corporation, voting securities entitling the holders thereof to
elect a majority of the directors, either at all times or so long as there is no
default or contingency which permits the holders of any other class of
securities to vote for the election of one or more directors, (ii) in the case
of a partnership, at least a majority of the general partnership interests and
at least a majority of total outstanding partnership interests or (iii) in the
case of a limited liability company, at least a majority of the membership
interests.

                  "TIA" means the Trust Indenture Act of 1939, as amended from
time to time, and as in effect on the date of execution of this Indenture;
provided, however, that in the event the TIA is amended after such date, "TIA"
means, to the extent required by such amendment, the Trust Indenture Act, as so
amended.

                  "Trustee" means the party named as such above until a
successor becomes such pursuant to this Indenture and thereafter means or
includes each party who is then a trustee hereunder, and if at any time there is
more than one such party, "Trustee" as used with respect to the Securities of
any series means the Trustee with respect to Securities of that series. If
Trustees with respect to different series of Securities are trustees under this
Indenture, nothing herein shall constitute the Trustees co-trustees of the same
trust, and each Trustee shall be the trustee of a trust separate and apart from
any trust administered by any other Trustee with respect to a different series
of Securities.

                  "Trust Officer" means any officer or assistant officer of the
Trustee assigned by the Trustee to administer its corporate trust matters.

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

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holder of such depository receipt from any amount received by the custodian in
respect of the U.S. Government Obligation evidenced by such depository receipt.

Section 1.02        Other Definitions.

                  Term                                       Defined in Section
                  ----                                       ------------------
                  "Bankruptcy Law"                                  6.01
                  "Custodian"                                       6.01
                  "Event of Default"                                6.01
                  "Legal Holiday"                                  10.07
                  "Paying Agent"                                    2.03
                  "redemption price"                                3.03
                  "Registrar"                                       2.03
Section 1.03       Incorporation by Reference of Trust Indenture Act.

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

                  "indenture securities" means the Securities.

                  "indenture securityholder" means a Securityholder.

                  "indenture to be qualified" means this Indenture.

                  "indenture trustee" or "institutional trustee" means the
Trustee.

                  "obligor" on the Securities means the Company and any
successor obligor on the Securities.

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

Section 1.04        Rules of Construction.

                  Unless the context otherwise requires:

                                (i)   a term has the meaning assigned to it;

                                (ii)  an accounting term not otherwise defined
                                      has the meaning assigned to it in
                                      accordance with GAAP;

                                (iii) "or" is not exclusive;

                                (iv)  words in the singular include the plural,
                                      and in the plural include the singular;
                                      and

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                                (v)   provisions apply to successive events and
                                      transactions.

                                   ARTICLE 2
                                 THE SECURITIES

Section 2.01        Unlimited In Amount, Issuable In Series, Form and Dating.

                  The aggregate principal amount of Securities which may be
authenticated and delivered under this Indenture is unlimited. The Securities
may be issued in one or more series. There shall be established in or pursuant
to a Board Resolution or an Officers' Certificate pursuant to authority granted
under a Board Resolution or established in one or more indentures supplemental
hereto, prior to the issuance of Securities of any series:

                  (a) the title of the Securities of the series (which shall
distinguish the Securities of the series from all other Securities);

                  (b) any limit upon the aggregate principal amount of
Securities of the series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration
of transfer of, or in exchange for, or in lieu of, other Securities of the
series pursuant to this Article 2);

                  (c) the price or prices (expressed as a percentage of the
aggregate principal amount thereof) at which the Securities of the series will
be issued;

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

                  (e) the rate or rates which may be fixed or variable at which
the Securities of the series shall bear interest, if any, or the manner in which
such rate or rates shall be determined, the date or dates from which such
interest shall accrue, the interest payment dates on which such interest shall
be payable and the record dates for the determination of Holders to whom
interest is payable;

                  (f) the place or places where the principal of and any
interest on Securities of the series shall be payable, if other than as provided
herein;

                  (g) the price or prices at which (if any), the period or
periods within which (if any) and the terms and conditions upon which (if other
than as provided herein) Securities of the series may be redeemed, in whole or
in part, at the option, or as an obligation, of the Company;

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

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

         (j) if other than the principal amount thereof, the portion of the
principal amount of Securities of the series which shall be payable upon
declaration of acceleration of the maturity thereof pursuant to Section 6.02
hereof;

         (k) any addition to or change in the covenants set forth in Article 4
which applies to Securities of the series;

         (l) any Events of Default with respect to the Securities of a
particular series, if not set forth herein;

         (m) the Trustee for the series of Securities;

         (n) whether the Securities of the series shall be issued in whole or in
part in the form of a Global Security or Securities; the terms and conditions,
if any, upon which such Global Security or Securities may be exchanged in whole
or in part for other individual Securities, and the depositary for such Global
Security and Securities;

         (o) the provisions, if any, relating to any security provided for the
Securities of the series;

         (p) the form and terms of any guarantee of the Securities of the series
and the execution of this Indenture by any guarantor;

         (q) any other terms of the series (which terms shall not be
inconsistent with the provisions of this Indenture, but which may modify or
delete any provision of this Indenture with respect to such series; provided,
however, that no such term may modify or delete any provision hereof if imposed
by the TIA; and provided, further, that any modification or deletion of the
rights, duties or immunities of the Trustee hereunder shall have been consented
to in writing by the Trustee).

         All Securities of any series shall be substantially identical except as
to denomination and except as may otherwise be provided in or pursuant to such
Board Resolution or Officers' Certificate or in any such indenture supplemental
hereto.

         The principal of and any interest on the Securities shall be payable at
the office or agency of the Company designated in the form of Security for the
series (each such place herein called the "Place of Payment"); provided,
however, that payment of interest may be made at the option of the Company by
check mailed to the address of the Person entitled thereto as such address shall
appear in the register of Securities referred to in Section 2.03 hereof.

         Each Security shall be in one of the forms approved from time to time
by or pursuant to a Board Resolution or Officers' Certificate, or established in
one or more indentures supplemental hereto. Prior to the delivery of a Security
to the Trustee for authentication in any form approved by or pursuant to a Board
Resolution or Officers' Certificate, the Company shall deliver to the Trustee
the Board Resolution or Officers' Certificate by or pursuant to which such

                                        6

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form of Security has been approved, which Board Resolution or Officers'
Certificate shall have attached thereto a true and correct copy of the form of
Security which has been approved by or pursuant thereto.

               The Securities may have notations, legends or endorsements
required by law, stock exchange rule or usage. Each Security shall be dated the
date of its authentication.

Section 2.02      Execution and Authentication.

               Two Officers shall sign the Securities for the Company by manual
or facsimile signature. The Company's seal shall be reproduced on the Securities
manually or by facsimile.

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

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

               At any time and from time to time after the execution and
delivery of this Indenture, the Company may deliver Securities of any series
executed by the Company to the Trustee for authentication. The Trustee shall
thereupon authenticate and make available for delivery said Securities to or
upon the Written Request of the Company. In authenticating such Securities, and
accepting the additional responsibilities under this Indenture in relation to
such Securities, the Trustee shall be entitled to receive, and, subject to
Section 1.01, shall be fully protected in relying upon:

               (a) A copy of the resolution or resolutions of the Board of
Directors in or pursuant to which the terms and form of the Securities were
established, certified by the Secretary of an Assistant Secretary of the Company
to have been duly adopted by the Board of Directors and to be in full force and
effect as of the date of such certificate, or if the terms and form of such
Securities are established by an Officers' Certificate pursuant to general
authorization of the Board of Directors, such Officers' Certificate;

               (b) an executed supplement indenture, if any; and

               (c) an Officers' Certificate delivered in accordance with
Sections 10.04 and 10.05.

               The Trustee shall have the right to decline to authenticate and
deliver any Securities under this Section if the Trustee, being advised by
counsel, determines that such action may not lawfully be taken or if the Trustee
in good faith shall determine that such action would expose the Trustee to
personal liability to existing Holders.

               The Trustee may appoint an authenticating agent acceptable to the
Company to authenticate Securities. An authenticating agent may authenticate
Securities whenever the Trustee may do so. Each reference in this Indenture to
authentication by the Trustee includes

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<PAGE>

authentication by such agent. An authenticating agent has the same rights as an
Agent to deal with the Company or an Affiliate of the Company.

Section 2.03      Registrar and Paying Agent.

               The Company shall maintain an office or agency where Securities
of a particular series may be presented for registration of transfer or for
exchange (the "Registrar") and an office or agency where Securities of that
series may be presented for payment (a "Paying Agent"). The Registrar for a
particular series of Securities shall keep a register of the Securities of that
series and of their transfer and exchange. The Company may appoint one or more
co-Registrars and one or more additional paying agents for each series of
Securities. The term "Paying Agent" includes any additional paying agent. The
Company may change any Paying Agent, Registrar or co-Registrar without prior
notice to any Securityholder. The Company shall notify the Trustee in writing of
the name and address of any Agent not a party to this Indenture.

               If the Company fails to maintain a Registrar or Paying Agent for
any series of Securities, the Trustee shall act as such. The Company or any of
its Affiliates may act as Paying Agent, Registrar or co-Registrar.

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

Section 2.04      Paying Agent to Hold Money in Trust.

               Whenever the Company has one or more Paying Agents it will, prior
to each due date of the principal of or interest on, any Securities, deposit
with a Paying Agent a sum sufficient to pay the principal or interest so
becoming due, such sum to be held in trust for the benefit of the Persons
entitled to such principal or interest, and (unless such Paying Agent is the
Trustee) the Company will promptly notify the Trustee of its action or failure
so to act.

               The Company shall require each Paying Agent other than the
Trustee to agree in writing that such Paying Agent will hold in trust for the
benefit of the Securityholders of the particular series for which it is acting,
or the Trustee, all money held by the Paying Agent for the payment of principal
or interest on the Securities of such series, and that such Paying Agent will
notify the Trustee of any Default by the Company or any other obligor of the
series of Securities in making any such payment and at any time during the
continuance of any such Default, upon the written request of the Trustee,
forthwith pay to the Trustee all sums so held in trust by such Paying Agent. If
the Company or an Affiliate acts as Paying Agent, it shall segregate and hold in
a separate trust fund for the benefit of the Securityholders of the particular
series for which it is acting all money held by it as Paying Agent. The Company
at any time may require a Paying Agent to pay all money held by it to the
Trustee. Upon so doing, the Paying Agent (if other than the Company or an
Affiliate of the Company) shall have no further liability for such money. Upon
any bankruptcy or reorganization proceedings relating to the Company, the
Trustee shall serve as Paying Agent for the Securities.

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<PAGE>

Section 2.05      Securityholder Lists.

               The Trustee shall preserve in as current a form as is reasonably
practicable the most recent list available to it of the names and addresses of
Securityholders, separately by series, and shall otherwise comply with TIA
Section 312(a). If the Trustee is not the Registrar, the Company shall furnish
to the Trustee at least seven 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 Securityholders, separately by series, relating to such interest
payment date or request, as the case may be.

Section 2.06      Transfer and Exchange.

               Where Securities of a series are presented to the Registrar or a
co-Registrar with a request to register a transfer or to exchange them for an
equal principal amount of Securities of the same series of other authorized
denominations, the Registrar shall register the transfer or make the exchange if
its requirements for such transactions are met. To permit registrations of
transfers and exchanges, the Company shall issue and the Trustee shall
authenticate Securities at the Registrar's request.

               No service charge shall be made for any registration of transfer
or exchange, but the Company may require payment of a sum sufficient to cover
any transfer tax or similar governmental charge payable in connection therewith
(other than any such transfer tax or similar governmental charge payable upon
exchanges pursuant to Sections 2.10, 3.06 or 9.04).

               The Company need not issue, and the Registrar or co-Registrar
need not register the transfer or exchange of, (i) any Security of a particular
series during a period beginning at the opening of business 15 days before the
day of mailing of a notice of redemption of Securities of that series under
Section 3.02 and ending at the close of business on the day of such mailing, or
(ii) any Security so selected for redemption in whole or in part, except the
unredeemed portion of any Security of that series being redeemed in part.

Section 2.07      Replacement Securities.

               If a mutilated Security is surrendered to the Trustee or if the
Holder of a Security claims that the Security has been lost, destroyed or
wrongfully taken, the Company shall issue and the Trustee shall authenticate a
replacement Security of same series if the Company's and the Trustee's
requirements are met. The Trustee or the Company shall require an indemnity bond
to be furnished which is sufficient in the judgment of both to protect the
Company, the Trustee, and any Agent from any loss which any of them may suffer
if a Security is replaced. The Company may charge such Holder for its expenses
in replacing a Security.

               Every replacement Security is an obligation of the Company and
shall be entitled to all the benefit of the Indenture equally and
proportionately with any and all other Securities of the same series.

                                        9

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Section 2.08      Outstanding Securities.

               The Securities of any series outstanding at any time are all the
Securities of that series authenticated by the Trustee except for those
cancelled by it, those delivered to it for cancellation, and those described in
this Section as not outstanding.

               If a Security is replaced pursuant to Section 2.07, it ceases to
be outstanding unless the Trustee receives proof satisfactory to it that the
replaced Security is held by a bona fide purchaser.

               If Securities are considered paid under Section 4.01, they cease
to be outstanding and interest on them ceases to accrue.

               Except as set forth in Section 2.09 hereof, a Security does not
cease to be outstanding because the Company or an Affiliate holds the Security.

               For each series of Original Issue Discount Securities, the
principal amount of such Securities that shall be deemed to be outstanding and
used to determine whether the necessary Holders have given any request, demand,
authorization, direction, notice, consent or waiver shall be the principal
amount of such Securities that could be declared to be due and payable upon
acceleration upon an Event of Default as of the date of such determination. When
requested by the Trustee, the Company will advise the Trustee of such amount,
showing its computations in reasonable detail.

Section 2.09      Treasury Securities.

               In determining whether the Holders of the required principal
amount of Securities of any series have concurred in any direction, waiver or
consent, Securities owned by the Company or an Affiliate shall be considered as
though they are not outstanding, except that for the purposes of determining
whether the Trustee shall be protected in relying on any such direction, waiver
or consent, only Securities which a Trust Officer of the Trustee actually knows
are so owned shall be so considered.

Section 2.10      Temporary Securities.

               Until definitive Securities are ready for delivery, the Company
may prepare and the Trustee shall authenticate temporary Securities upon a
Company Request signed by one Officer of the Company. Temporary Securities shall
be substantially in the form of definitive Securities but may have variations
that the Company considers appropriate for temporary Securities. Without
unreasonable delay, the Company shall prepare and the Trustee shall authenticate
definitive Securities in exchange for temporary Securities.

               Holders of temporary securities shall be entitled to all of the
benefits of this Indenture.

                                       10

<PAGE>

Section 2.11   Cancellation.

               The Company at any time may deliver Securities to the Trustee for
cancellation. The Registrar and Paying Agent shall forward to the Trustee any
Securities surrendered to them for registration of transfer, exchange or
payment. The Trustee shall cancel all Securities surrendered for registration of
transfer, exchange, payment, replacement or cancellation. The Company may not
issue new Securities to replace Securities that it has paid or that have been
delivered to the Trustee for cancellation.

Section 2.12   Defaulted Interest.

               If the Company fails to make a payment of interest on any
series of Securities, it shall pay such defaulted interest plus (to the extent
lawful) any interest payable on the defaulted interest, in any lawful manner. It
may elect to pay such defaulted interest, plus any such interest payable on it,
to the Persons who are Holders of such Securities on which the interest is due
on a subsequent special record date. The Company shall notify the Trustee in
writing of the amount of defaulted interest proposed to be paid on each such
Security. The Company shall fix any such record date and payment date for such
payment. At least 15 days before any such record date, the Company shall mail to
Securityholders affected thereby a notice that states the record date, payment
date, and amount of such interest to be paid.

Section 2.13   Special Record Dates.

               (a) The Company may, but shall not be obligated to, set a record
date for the purpose of determining the identity of Holders entitled to consent
to any supplement, amendment or waiver permitted by this Indenture. If a record
date is fixed, the Holders of Securities of that series outstanding on such
record date, and no other Holders, shall be entitled to consent to such
supplement, amendment or waiver or revoke any consent previously given, whether
or not such Holders remain Holders after such record date. No consent shall be
valid or effective for more than 90 days after such record date unless consents
from Holders of the principal amount of Securities of that series required
hereunder for such amendment or waiver to be effective shall have also been
given and not revoked within such 90-day period.

               (b) The Trustee may, but shall not be obligated to, fix any day
as a record date for the purpose of determining the Holders of any series of
Securities entitled to join in the giving or making of any notice of Default,
any declaration of acceleration, any request to institute proceedings or any
other similar direction. If a record date is fixed, the Holders of Securities of
that series outstanding on such record date, and no other Holders, shall be
entitled to join in such notice, declaration, request or direction, whether or
not such Holders remain Holders after such record date; provided, however, that
no such action shall be effective hereunder unless taken on or prior to the date
90 days after such record date.

Section 2.14   CUSIP Numbers.

               The Company in issuing the Securities may use "CUSIP" numbers (if
then generally in use), and, if so, the Trustee shall use "CUSIP" numbers in
notices of redemption as a

                                       11

<PAGE>

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

                                    ARTICLE 3
                                   REDEMPTION

Section 3.01      Notices to Trustee.

               If the Company elects to redeem Securities of any series pursuant
to any optional redemption provisions thereof, it shall notify the Trustee of
the redemption date and the principal amount of Securities of that series to be
redeemed.

               The Company shall give the notice provided for in this Section at
least 45 days before the redemption date (unless a shorter notice period shall
be satisfactory to the Trustee), which notice shall specify the provisions of
such Security pursuant to which the Company elects to redeem such Securities.

               If the Company elects to reduce the principal amount of
Securities of any series to be redeemed pursuant to mandatory redemption
provisions thereof, it shall notify the Trustee of the amount of, and the basis
for, any such reduction. If the Company elects to credit against any such
mandatory redemption Securities it has not previously delivered to the Trustee
for cancellation, it shall deliver such Securities with such notice.

Section 3.02      Selection of Securities to Be Redeemed.

               If less than all the Securities of any series are to be redeemed,
the Trustee shall select the Securities of that series to be redeemed by a
method that complies with the requirements of any exchange on which the
Securities of that series are listed, or, if the Securities of that series are
not listed on an exchange, on a pro rata basis or by lot. The Trustee shall make
the selection not more than 75 days and not less than 30 days before the
redemption date from Securities of that series outstanding and not previously
called for redemption. Except as otherwise provided as to any particular series
of Securities, Securities and portions thereof that the Trustee selects shall be
in amounts equal to the minimum authorized denomination for Securities of the
series to be redeemed or any integral multiple thereof. Provisions of this
Indenture that apply to Securities called for redemption also apply to portions
of Securities called for redemption. The Trustee shall notify the Company
promptly in writing of the Securities or portions of Securities to be called for
redemption.

Section 3.03      Notice of Redemption.

               Except as otherwise provided as to any particular series of
Securities, at least 15 days but not more than 60 days before a redemption date,
the Company shall mail a notice of redemption to each Holder whose Securities
are to be redeemed.

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<PAGE>

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

                     (1) the redemption date;

                     (2) the redemption price fixed in accordance with the terms
               of the Securities of the series to be redeemed, plus accrued
               interest, if any, to the date fixed for redemption (the
               "redemption price");

                     (3) if any Security is being redeemed in part, the portion
               of the principal amount of such Security to be redeemed and that,
               after the redemption date, upon surrender of such Security, a new
               Security or Securities in principal amount equal to the
               unredeemed portion will be issued;

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

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

                     (6) that, unless the Company defaults in payment of the
               redemption price, interest on Securities called for redemption
               ceases to accrue on and after the redemption date; and

                     (7) the CUSIP number, if any, of the Securities to be
               redeemed.

               At the Company's request, the Trustee shall give the notice of
redemption in the Company's name and at its expense. The notice mailed in the
manner herein provided shall be conclusively presumed to have been duly given
whether or not the Holder receives such notice. In any case, failure to give
such notice by mail or any defect in the notice of the Holder of any Security
shall not affect the validity of the proceeding for the redemption of any other
Security.

Section 3.04      Effect of Notice of Redemption.

               Once notice of redemption is mailed in accordance with Section
3.03 hereof, Securities called for redemption become due and payable on the
redemption date for the redemption price. Upon surrender to the Paying Agent,
such Securities will be paid at the Redemption Price.

Section 3.05      Deposit of Redemption Price.

               On or before 10:00 a.m., Eastern time, on the redemption date,
the Company shall deposit with the Paying Agent (or, if the Company or any
Affiliate is the Paying Agent, shall segregate and hold in trust) money
sufficient to pay the redemption price of all Securities called for redemption
on that date other than Securities which have previously been delivered by the
Company to the Trustee for cancellation. The Paying Agent shall return to the
Company any money not required for that purpose.

                                       13

<PAGE>

Section 3.06      Securities Redeemed in Part.

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

                                    ARTICLE 4
                                    COVENANTS

Section 4.01      Payment of Securities.

               The Company shall pay or cause to be paid the principal of and
interest on the Securities on the dates and in the manner provided in this
Indenture and the Securities. Principal and interest shall be considered paid on
the date due if the Paying Agent, if other than the Company or an Affiliate,
holds as of 10:00 a.m. Eastern Time on that date immediately available funds
designated for and sufficient to pay all principal and interest then due.

               To the extent lawful, the Company shall pay interest on overdue
principal and overdue installments of interest at the rate per annum borne by
the applicable series of Securities.

Section 4.02      Maintenance of Office or Agency.

               The Company shall maintain in the Borough of Manhattan, the City
of New York, an office or agency (which may be an office of the Trustee or an
affiliate of the Trustee or Registrar) where Securities may be surrendered for
registration of transfer or exchange and where notices and demands to or upon
the Company in respect of the Securities and this Indenture may be served. The
Company shall give prompt written notice to the Trustee of the location, and any
change in the location, of such office or agency. If at any time the Company
shall fail to maintain any such required office or agency or shall fail to
furnish the Trustee with the address thereof, such presentations, surrenders,
notices and demands may be made or served at the corporate trust office of the
Trustee.

               The Company may also from time to time designate one or more
other offices or agencies where the Securities may be presented or surrendered
for any or all such purposes and may from time to time rescind such
designations; provided, however, that no such designation or rescission shall in
any manner relieve the Company of its obligation to maintain an office or agency
in the Borough of Manhattan, the City of New York for such purposes. The Company
shall give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or agency.

               The Company hereby designates the Corporate Trust Office of the
Trustee as one such office or agency of the Company in accordance with Section
2.03.

Section 4.03      Commission Reports.

               The Company shall deliver to the Trustee within 15 days after it
files them with the Commission copies of the annual reports and of the
information, documents, and other reports (or copies of such portions of any of
the foregoing as the Commission may by rules and

                                       14

<PAGE>

regulations prescribe) which the Company is required to file with the Commission
pursuant to Section 13 or 15(d) of the Exchange Act; provided, however the
Company shall not be required to deliver to the Trustee any materials for which
the Company has sought and received confidential treatment by the Commission.
The Company also shall comply with the other provisions of TIA Section 314(a).

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

Section 4.04      Compliance Certificate.

               The Company shall deliver to the Trustee, within 120 days after
the end of each fiscal year of the Company, an Officers' Certificate stating
that in the course of the performance by the signers of their duties as officers
of the Company, they would normally have knowledge of any failure by the Company
to comply with all conditions, or default by the Company with respect to any
covenants, under this Indenture, and further stating whether or not they have
knowledge of any such failure or default and, if so, specifying each such
failure or default and the nature thereof. For purposes of this Section, such
compliance shall be determined without regard to any period of grace or
requirement of notice provided for in this Indenture. The certificate need not
comply with Section 10.04.

               The Company shall deliver to the Trustee, as soon as possible and
in any event within five days after the Company becomes aware of the occurrence
of any Event of Default or an event which, with notice or the lapse of time or
both, would constitute an Event of Default, an Officers' Certificate setting
forth the details of such Event of Default or default and the action which the
Company proposes to take with respect thereto.

Section 4.05      Taxes.

               The Company shall pay prior to delinquency, all material taxes,
assessments, and governmental levies except as contested in good faith by
appropriate proceedings.

Section 4.06      Stay, Extension and Usury Laws.

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

                                       15

<PAGE>

Section 4.07      Corporate Existence.

               Subject to Article 5 hereof, the Company shall do or cause to be
done all things necessary to preserve and keep in full force and effect (i) its
corporate existence, and the corporate, partnership or other existence of each
of its Subsidiaries, in accordance with the respective organizational documents
(as the same may be amended from time to time) of each Subsidiary and (ii) the
rights (charter and statutory), licenses and franchises of the Company and its
Subsidiaries; provided, however, that the Company shall not be required to
preserve any such right, license or franchise, or the corporate, partnership or
other existence of any of its Subsidiaries, if the Board of Directors shall
determine that the preservation thereof is no longer desirable in the conduct of
the business of the Company and its Subsidiaries, taken as a whole, and that the
loss thereof is not adverse in any material respect to the Holders.

Section 4.08      Calculation of Original Issue Discount.

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

                                    ARTICLE 5
                                   SUCCESSORS

Section 5.01      When Company May Merge, etc.

               The Company shall not consolidate or merge with or into (whether
or not the Company is the surviving corporation), or sell, assign, transfer,
lease, convey or otherwise dispose of all or substantially all of its properties
or assets in one or more related transactions to any Person unless:

                     (1) the Company is the surviving corporation or the Person
               formed by or surviving any such consolidation or merger (if other
               than the Company) or to which such sale, assignment, transfer,
               lease, conveyance or other disposition shall have been made is a
               corporation organized and existing under the laws of the United
               States, any state thereof or the District of Columbia;

                     (2) the Person formed by or assuming any such consolidation
               or merger (if other than the Company) or the Person to which such
               sale, assignment, transfer, lease, conveyance or other
               disposition shall have been made assumes by supplemental
               indenture all the obligations of the Company under the Securities
               and this Indenture; and

                     (3) immediately prior to and after giving effect to the
               transaction no Default or Event of Default shall have occurred
               and be continuing.

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<PAGE>

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

Section 5.02      Successor Corporation Substituted.

               Upon any consolidation or merger, or any transfer by the Company
(other than by lease) of all or substantially all of the assets of the Company
in accordance with Section 5.01, the successor corporation formed by such
consolidation or into which the Company is merged or to which such transfer is
made shall succeed to, and be substituted for, and may exercise every right and
power of, the Company under this Indenture with the same effect as if such
successor corporation had been named as the Company herein. In the event of any
such transfer, the predecessor Company shall be released and discharged from all
liabilities and obligations in respect of the Securities and the Indenture, and
the predecessor Company may be dissolved, wound up or liquidated at any time
thereafter.

                                    ARTICLE 6
                              DEFAULTS AND REMEDIES

Section 6.01      Events of Default.

               An "Event of Default" occurs with respect to Securities of any
particular series if, unless in the establishing Board Resolution, Officers'
Certificate or supplemental indenture hereto, it is provided that such series
shall not have the benefit of said Event of Default:

                     (1) the Company defaults in the payment of interest on any
               Security of that series when the same becomes due and payable and
               the Default continues for a period of 30 days;

                     (2) the Company defaults in the payment of the principal of
               any Security of that series when the same becomes due and payable
               at maturity, upon redemption or otherwise;

                     (3) an Event of Default, as defined in the Securities of
               that series, occurs and is continuing, or the Company fails to
               comply with any of its other agreements in the Securities of that
               series or in this Indenture with respect to that series and the
               Default continues for the period and after the notice specified
               below;

                     (4) the Company pursuant to or within the meaning of any
               Bankruptcy Law:

                           (A) commences a voluntary case;

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

                                       17

<PAGE>

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

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

                         (E) admits in writing its inability generally to pay
                     its debts as the same become due.

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

                         (A) is for relief against the Company in an involuntary
                     case;

                         (B) appoints a Custodian of the Company or for all or
                     substantially all of its property; or

                         (C) orders the liquidation of the Company;

             and the order or decree remains unstayed and in effect for 60 days.

                     (6) any other Event of Default provided with respect to
             Securities of that series which is specified in a Board Resolution,
             Officers' Certificate or supplemental indenture establishing that
             series of Securities.

             The term "Bankruptcy Law" means Title 11, U.S. Code or any similar
federal or state law for the relief of debtors. The term "Custodian" means any
receiver, trustee, assignee, liquidator or similar official under any Bankruptcy
Law.

             A Default under clause (3) above is not an Event of Default with
respect to a particular series of Securities until the Trustee or the Holders of
at least 50% in principal amount of the then outstanding Securities of that
series notify the Company of the Default and the Company does not cure the
Default within 30 days after receipt of the notice. The notice must specify the
Default, demand that it be remedied and state that the notice is a "Notice of
Default."

Section 6.02      Acceleration.

             If an Event of Default with respect to Securities of any series
(other than an Event of Default specified in clauses (4) and (5) of Section
6.01) occurs and is continuing, the Trustee by notice to the Company, or the
Holders of at least 50% in principal amount of the then outstanding Securities
of that series by notice to the Company and the Trustee, may declare the unpaid
principal (or, in the case of Original Issue Discount Securities, such lesser
amount as may be provided for in such Securities) of and any accrued interest on
all the Securities of that series to be due and payable on the Securities of
that series. Upon such declaration the principal (or such lesser amount) and
interest shall be due and payable immediately. If an Event of Default specified
in clause (4) or (5) of Section 6.01 occurs, all of such amount shall become and
be immediately due and payable without any declaration or other act on the part
of the Trustee or any Holder. The Holders of a majority in principal amount of
the then outstanding Securities of

                                       18

<PAGE>

that series by notice to the Trustee may rescind an acceleration and its
consequences if the rescission would not conflict with any judgment or decree
and if all existing Events of Default with respect to that series have been
cured or waived except nonpayment of principal (or such lesser amount) or
interest that has become due solely because of the acceleration.

Section 6.03      Other Remedies.

               If an Event of Default with respect to Securities of any series
occurs and is continuing, the Trustee may pursue any available remedy to collect
the payment of principal or interest on the Securities of that series or to
enforce the performance of any provision of the Securities of that series or
this Indenture.

               The Trustee may maintain a proceeding even if it does not possess
any of the Securities or does not produce any of them in the proceeding. A delay
or omission by the Trustee or any Securityholder 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. All remedies are
cumulative to the extent permitted by law.

Section 6.04      Waiver of Past Defaults.

               Subject to Section 9.02, the Holders of a majority in principal
amount of the then outstanding Securities of any series by notice to the Trustee
may waive an existing Default or Event of Default with respect to that series
and its consequences except a Default or Event of Default in the payment of the
principal (including any mandatory sinking fund or like payment) of or interest
on any Security of that series (provided, however, that the Holders of a
majority in principal amount of the outstanding Securities of any series may
rescind an acceleration and its consequences, including any related payment
default that resulted from such acceleration).

Section 6.05      Control by Majority.

               The Holders of a majority in principal amount of the then
outstanding Securities of any series may direct the time, method and place of
conducting any proceeding for any remedy with respect to that series available
to the Trustee or exercising any trust or power conferred on it. However, the
Trustee may refuse to follow any direction that conflicts with law or this
Indenture, that is unduly prejudicial to the rights of another Holder of
Securities of that series, or that may involve the Trustee in personal
liability. The Trustee may take any other action which it deems proper which is
not inconsistent with any such direction.

Section 6.06      Limitation on Suits.

               A Holder of Securities of any series may not pursue a remedy with
respect to this Indenture or the Securities unless:

                  (1) the Holder gives to the Trustee written notice of a
               continuing Event of Default with respect to that series;

                                       19

<PAGE>

                   (2) the Holders of at least 50% in principal amount of the
               then outstanding Securities of that series make a written request
               to the Trustee to pursue the remedy;

                   (3) such Holder or Holders offer to the Trustee indemnity
               satisfactory to the Trustee against any loss, liability or
               expense;

                   (4) the Trustee does not comply with the request within 60
               days after receipt of the request and the offer and, if
               requested, the provision of indemnity; and

                   (5) during such 60-day period the Holders of a majority in
               principal amount of the then outstanding Securities of that
               series do not give the Trustee a direction inconsistent with the
               request.

No Holder of any series of Securities may use this Indenture to prejudice the
rights of another Holder of Securities of that series or to obtain a preference
or priority over another Holder of Securities of that series.

Section 6.07      Rights of Holders to Receive Payment.

               Notwithstanding any other provision of this Indenture, the right
of any Holder of a Security to receive payment of principal of and interest, if
any, on the Security, on or after the respective due dates expressed in the
Security, or to bring suit for the enforcement of any such payment on or after
such respective dates, shall not be impaired or affected without the consent of
the Holder.

Section 6.08      Collection Suit by Trustee.

               If an Event of Default specified in Section 6.01(1) or (2) occurs
and is continuing with respect to Securities of any series, the Trustee may
recover judgment in its own name and as trustee of an express trust against the
Company for the whole amount of principal (or such portion of the principal as
may be specified as due upon acceleration at that time in the terms of that
series of Securities) and interest, if any, remaining unpaid on the Securities
of that series then outstanding, together with (to the extent lawful) interest
on overdue principal and interest, and such further amount as shall be
sufficient to cover the costs and, to the extent lawful, expenses of collection,
including 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.

Section 6.09      Trustee May File Proofs of Claim.

               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 and the Securityholders allowed in any judicial proceedings relative to
the Company (or any other obligor on the Securities), its creditors or its
property and shall be entitled to and empowered to collect and receive any money
or other property payable or deliverable on any such claims and to distribute
the same, and any custodian in any such judicial proceedings is hereby
authorized by each

                                       20

<PAGE>

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 agent and counsel, and any other
amounts due the Trustee under Section 7.07. Nothing contained herein shall be
deemed to authorize the Trustee to authorize or consent to or accept or adopt on
behalf of any Securityholder any plan of reorganization, arrangement, adjustment
or composition affecting the Securities or the rights of any Holder thereof, or
to authorize the Trustee to vote in respect of the claim of any Securityholder
in any such proceeding.

Section 6.10   Priorities.

               If the Trustee collects any money with respect to Securities of
any series pursuant to this Article, it shall pay out the money in the following
order:

                    First:     to the Trustee, its agents and attorneys for
                               amounts due under Section 7.07, including payment
                               of all compensation, expense and liabilities
                               incurred, and all advances made, by the Trustee
                               and the costs and expenses of collection;

                    Second:    to Securityholders for amounts due and unpaid on
                               the Securities of such series for principal and
                               interest, ratably, without preference or priority
                               of any kind, according to the amounts due and
                               payable on the Securities of such series for
                               principal and interest, respectively; and

                    Third:     to the Company or to such party as a court of
                               competent jurisdiction shall direct.

               The Trustee may fix a record date and payment date for any
payment to Holders of Securities of any series pursuant to this Section. The
Trustee shall notify the Company in writing reasonably in advance of any such
record date and payment date.

Section 6.11   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 a 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 and expenses, against any party litigant in the suit, having due
regard to the merits and good faith of the claims or defense made by the party
litigant. This Section does not apply to a suit by the Trustee, a suit by a
Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in
principal amount of the then outstanding Securities.

                                       21

<PAGE>

                                    ARTICLE 7
                                     TRUSTEE

Section 7.01       Duties of Trustee.

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

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

                          (i)     the duties of the Trustee shall be determined
                                  solely by the express provisions of this
                                  Indenture or the TIA and the Trustee need
                                  perform only those duties that are
                                  specifically set forth in this Indenture or
                                  the TIA and no others, and no implied
                                  covenants or obligations shall be read into
                                  this Indenture against the Trustee; and

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

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

                          (i)     this paragraph does not limit the effect of
                                  paragraph (b) of this Section;

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

                                       22

<PAGE>

                          (iii)   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 Section 6.05
                                  hereof.

               (d) Whether or not therein expressly so provided, every provision
of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b), and (c) of this Section.

               (e) No provision of this Indenture shall require the Trustee to
expend or risk its own funds or incur any liability. The Trustee may refuse to
perform any duty or exercise any right or power unless it receives security and
indemnity satisfactory to it against any loss, liability or expense.

               (f) The Trustee shall not be liable for interest on any money
received by it except as the Trustee may agree in writing with the Company.
Absent written instruction from the Company, the Trustee shall not be required
to invest any such money. Money held in trust by the Trustee need not be
segregated from other funds except to the extent required by law.

Section 7.02        Rights of Trustee.

               Subject to TIA Section 315(a) through (d):

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

               (b) Before the Trustee acts or refrains from acting, it may
require an Officers' Certificate or an Opinion of Counsel, or both. The Trustee
shall not be liable for any action it takes or omits to take in good faith in
reliance on such Officers' Certificate or Opinion of Counsel.

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

               (d) The Trustee shall not be liable for any action it takes or
omits to take in good faith which it believes to be authorized or within its
rights or powers, unless the Trustee's conduct constitutes negligence.

               (e) Unless otherwise specifically provided in this Indenture, any
demand, request, direction or notice from the Company shall be sufficient if
signed by an Officer of the Company.

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

                                       23

<PAGE>

               (g) The Trustee shall be under no obligation to exercise any of
the rights or powers vested in it by this Indenture at the request or direction
of any of the Holders pursuant to this Indenture, unless such Holders shall have
offered to the Trustee reasonable security or indemnity against the costs,
expenses and liabilities which might be incurred by it in compliance with such
request or direction.

               (h) The Trustee shall not be deemed to have notice of any Default
or Event of Default unless a Trust Officer of the Trustee has actual knowledge
thereof or unless written notice of any event which is in fact such a default is
received by the Trustee its principle corporate trust office, and such notice
references the Securities and this Indenture.

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

Section 7.03       Individual Rights of Trustee.

               The Trustee in its individual or any other capacity may become
the owner or pledgee of Securities and may otherwise deal with the Company or an
Affiliate with the same rights it would have if it were not Trustee. Any Agent
may do the same with like rights. However, the Trustee is subject to TIA
Sections 310(b) and 311.

Section 7.04       Trustee's Disclaimer.

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

Section 7.05       Notice of Defaults.

               If a Default or Event of Default with respect to the Securities
of any series occurs and is continuing and if it is actually known to a Trust
Officer of the Trustee, the Trustee shall mail to all Holders of Securities of
that series a notice of the Default or Event of Default within 90 days after it
occurs. Except in the case of a Default or Event of Default in payment on any
such Security, the Trustee may withhold the notice if and so long as a committee
of its Trust Officers in good faith determines that withholding the notice is in
the interests of such Securityholders.

Section 7.06       Reports by Trustee to Holders.

               Within 60 days after May 1 in each year, the Trustee with respect
to any series of Securities shall mail to Holders of Securities of that series
as provided in TIA Section 313(c) a brief report dated as of such May 1 that
complies with TIA Section 313(a) (if such report is required by TIA Section
313(a)). The Trustee shall also comply with TIA Section 313(b).

                                       24

<PAGE>

               A copy of each report at the time of its mailing to
Securityholders shall be mailed to the Company and filed with the Commission and
each stock exchange on which any of the Securities are listed, as required by
TIA Section 313(d). The Company shall promptly notify the Trustee when the
Securities are listed on any stock exchange or of any delisting thereof.

Section 7.07       Compensation and Indemnity.

               The Company shall pay to the Trustee from time to time such
compensation as shall be agreed upon in writing for its services hereunder. The
Company shall reimburse the Trustee upon written request for all reasonable
out-of-pocket expenses incurred by it. Such expenses shall include the
reasonable compensation and out-of-pocket expenses of the Trustee's agents and
counsel.

               The Company shall indemnify each of the Trustee and any
predecessor Trustee for any and all loss, damage, claim, expense or liability
incurred by it, without negligence or bad faith on its part, in connection with
the acceptance or administration of this Indenture and its duties hereunder. The
Trustee shall notify the Company promptly of any claim for which it may seek
indemnity. The Company shall defend the claim and the Trustee shall cooperate in
the defense. The Trustee may have separate counsel and the Company shall pay the
reasonable fees and expenses of such counsel. The Company need not pay for any
settlement made without its consent.

               To secure the Company's payment obligations in this Section, the
Trustee shall have a lien prior to the Securities on all money or property held
or collected by the Trustee in its capacity as Trustee, except money or property
held in trust to pay principal and interest on particular Securities. Such lien
will survive the satisfaction and discharge of this Indenture.

               If the Trustee incurs expenses or renders services after an Event
of Default specified in Section 6.01(4) or (5) occurs, the expenses and the
compensation for the services will be intended to constitute expenses of
administration under any applicable Bankruptcy Law.

Section 7.08       Replacement of Trustee.

               A resignation or removal of the Trustee with respect to one or
more or all series of Securities and appointment of a successor Trustee shall
become effective only upon the successor Trustee's acceptance of appointment as
provided in this Section.

               The Trustee may resign with respect to one or more or all series
of Securities by so notifying the Company in writing. The Holders of a majority
in principal amount of the then outstanding Securities of any series may remove
the Trustee as to that series by so notifying the Trustee in writing and may
appoint a successor Trustee with the Company's consent. The Company may remove
the Trustee with respect to one or more or all series of Securities if:

                    (1) the Trustee fails to comply with Section 7.10;

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

                                       25

<PAGE>

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

               (4) the Trustee becomes incapable of acting.

          If, as to any series of Securities, the Trustee resigns or is removed
or if a vacancy exists in the office of Trustee for any reason, the Company
shall promptly appoint a successor Trustee for that series. Within one year
after the successor Trustee with respect to any series takes office, the Holders
of a majority in principal amount of the then outstanding Securities of that
series may appoint a successor Trustee to replace the successor Trustee
appointed by the Company. If a successor Trustee as to a particular series does
not take office within 60 days after the retiring Trustee resigns or is removed,
the retiring Trustee, the Company or the Holders of at least 10% in principal
amount of the then outstanding Securities of that series may petition, at the
expense of the Company, any court of competent jurisdiction for the appointment
of a successor Trustee.

          If the Trustee fails to comply with Section 7.10 with respect to any
series, any Holder of Securities of that series who satisfies the requirements
of TIA Section 310(b) may petition any court of competent jurisdiction for the
removal of the Trustee and the appointment of a successor Trustee for that
series.

          A successor Trustee as to any series of Securities shall deliver a
written acceptance of its appointment to the retiring Trustee and to the
Company. Immediately after that, the retiring Trustee shall promptly transfer
all property held by it as Trustee to the successor Trustee (subject to the lien
provided for in Section 7.07), 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 as to that series.
The successor Trustee shall mail a notice of its succession to the Holders of
Securities of that series.

          Notwithstanding replacement of the Trustee pursuant to this Section
7.08, the Company's obligations under Section 7.07 hereof shall continue for the
benefit of the retiring trustee.

          In case of the appointment hereunder of a successor Trustee with
respect to the Securities of one or more (but not all) series, the Company, the
retiring Trustee and each successor Trustee with respect to the Securities of
one or more series shall execute and deliver an indenture supplemental hereto
wherein each successor Trustee shall accept such appointment and which (1) shall
contain such provisions as shall be necessary or desirable to transfer and
confirm to, and to vest in, each successor Trustee all the rights, powers,
trusts and duties of the retiring Trustee with respect to the Securities of that
or those series to which the appointment of such successor Trustee relates, (2)
shall contain such provisions as shall be necessary or desirable to confirm that
all the rights, powers, trusts and duties of the retiring Trustee with respect
to the Securities of that or those series as to which the retiring Trustee is
not retiring shall continue to be vested in the retiring Trustee, and (3) shall
add to or change any of the provisions of this Indenture as shall be necessary
or desirable to provide for or facilitate the administration of the trusts
hereunder by more than one Trustee; provided, however, that nothing herein or in
such supplemental Indenture shall constitute such Trustee co-trustees of the
same trust and that each

                                       26

<PAGE>

such Trustee shall be trustee of a trust hereunder separate and apart from any
trust hereunder administered by any other such Trustee.

               Upon the execution and delivery of such supplemental Indenture
the resignation or removal of the retiring Trustee shall become effective to the
extent provided therein and each such successor Trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts
and duties of the retiring Trustee with respect to the Securities of that or
those series to which the appointment of such successor Trustee relates.

Section 7.09      Successor Trustee by Merger, etc.

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

Section 7.10   Eligibility; Disqualification.

               Each series of Securities shall always have a Trustee who
satisfies the requirements of TIA Section 310(a)(1), (2) and (5). The Trustee as
to any series of Securities shall always have a combined capital and surplus of
at least $25,000,000 as set forth in its most recent published annual report of
condition. The Trustee is subject to TIA Section 310(b).

Section 7.11   Preferential Collection of Claims Against Company.

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

                                   ARTICLE 8
                      SATISFACTION AND DISCHARGE DEFEASANCE

Section 8.01      Satisfaction and Discharge of Indenture.

               This Indenture shall upon Company Order cease to be of further
effect (except as to any surviving rights of registration of transfer or
exchange of Securities herein expressly provided for), and the Trustee, at the
expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture, when

               (a)  either

                              (i)   all Securities theretofore authenticated and
                                    delivered (other than Securities that have
                                    been destroyed, lost stolen and that have
                                    been replaced or paid) have been delivered
                                    to the Trustee for cancellation; or

                              (ii)  all such Securities not theretofore
                                    delivered to the Trustee for cancellation

                                       27

<PAGE>

                    (2) have become due and payable, or

                    (3) will become due and payable at their stated maturity
               within one year, or

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

                    (5) are deemed paid and discharged pursuant to Section 8.03,
               as applicable;

and the Company, in the case of (1), (2) or (3) above, has deposited or caused
to be deposited with the Trustee as trust funds in trust an amount sufficient
for the purpose of paying and discharging the entire indebtedness on such
Securities not theretofore delivered to the Trustee for cancellation, for
principal and interest to the date of such deposit (in the case of Securities
which have become due and payable on or prior to the date of such deposit) or to
the stated maturity or redemption date, as the case may be;

               (b) the Company has paid or caused to be paid all other sums
payable hereunder by the Company; and

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

Notwithstanding the satisfaction and discharge of this Indenture, the
obligations of the Company to the Trustee under Section 7.07, and, if money
shall have been deposited with the Trustee pursuant to clause (a) of this
Section or if money or obligations shall have been deposited with or received by
the Trustee pursuant to Section 8.03, the obligations of the Trustee under
Section 8.02 and Section 8.05 shall survive.

Section 8.02       Application of Trust Funds; Indemnification.

               (a) Subject to the provisions of Section 8.05, all money
deposited with the Trustee pursuant to Section 8.01, all money and U.S.
Government Obligations deposited with the Trustee pursuant to Section 8.03 or
8.04 and all money received by the Trustee in respect of U.S. Government
Obligations deposited with the Trustee pursuant to Section 8.03 or 8.04, shall
be held in trust and applied by it, in accordance with the provisions of the
Securities and this Indenture, to the payment, either directly or through any
Paying Agent (including the Company acting as its own Paying Agent) as the
Trustee may determine, to the persons entitled thereto, of the principal and
interest for whose payment such money has been deposited with or received by the
Trustee or to make mandatory sinking fund payments or analogous payments as
contemplated by Sections 8.03 and 8.04.

                                       28

<PAGE>

               (b) The Company shall pay and shall indemnify the Trustee against
any tax, fee or other charge imposed on or assessed against U.S. Government
Obligations deposited pursuant to Sections 8.03 or 8.04 or the interest and
principal received in respect of such obligations other than any payable by or
on behalf of Holders.

               (c) The Trustee shall deliver or pay to the Company from time to
time upon Company Request any U.S. Government Obligations or money held by it as
provided in Sections 8.03 or 8.04 which, in the opinion of a nationally
recognized firm of independent certified public accountants expressed in a
written certification thereof delivered to the Trustee, are then in excess of
the amount thereof which then would have been required to be deposited for the
purpose for which such U.S. Government Obligations or money were deposited or
received. This provision shall not authorize the sale by the Trustee of any U.S.
Government Obligations held under this Indenture.

Section 8.03      Legal Defeasance of Securities of any Series.

               Unless this Section 8.03 is otherwise specified to be
inapplicable to Securities of any series, the Company shall be deemed to have
paid and discharged the entire indebtedness on all the outstanding Securities of
any such series on the 91st day after the date of the deposit referred to in
subparagraph (d) hereof, and the provisions of this Indenture, as it relates to
such outstanding Securities of such series, shall no longer be in effect (and
the Trustee, at the expense of the Company, shall, upon Company Request, execute
proper instruments acknowledging the same), except as to:

               (a) the rights of Holders of Securities of such series to
receive, from the trust funds described in subparagraph (d) hereof, (i) payment
of the principal of an each installment of principal of or interest on the
outstanding Securities of such series on the stated maturity of such principal
of or interest and (ii) the benefit of any mandatory sinking fund payments
applicable to the Securities of such series on the day on which such payments
are due and payable in accordance with the terms of this Indenture and the
Securities of such series;

               (b) the Company's obligations with respect to such Securities of
such series under Sections 2.03, 2.06 and 2.07; and

               (c) the rights, powers, trust and immunities of the Trustee
hereunder and the duties of the Trustee under Section 8.02 and the duty of the
Trustee to authenticate Securities of such series issued on registration of
transfer of exchange; provided that, the following conditions shall have been
satisfied:

               (d) the Company shall have deposited or caused to be deposited
irrevocably with the Trustee as trust funds in trust for the purpose of making
the following payments, specifically pledged as security for and dedicated
solely to the benefit of the Holders of such Securities, cash in U.S. Dollars
and/or U.S. Government Obligations which through the payment of interest and
principal in respect thereof, in accordance with their terms, will provide (and
without reinvestment and assuming no tax liability will be imposed on such
Trustee), not later than one day before the due date of

                                       29

<PAGE>

any payment of money, an amount in cash, sufficient, in the opinion of a
nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee, to pay and discharge
each installment of principal (including mandatory sinking fund or analogous
payments) of and interest, if any, on all the Securities of such series on the
dates such installments of interest or principal are due;

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

               (f) no Default or Event of Default with respect to the Securities
of such series shall have occurred and be continuing on the date of such deposit
or during the period ending on the 91st day after such date;

               (g) the Company shall have delivered to the Trustee an Officers'
Certificate and an Opinion of Counsel to the effect that (i) the Company has
received from, or there has been published by, the Internal Revenue Service a
ruling, or (ii) since the date of execution of this Indenture, there has been a
change in the applicable Federal income tax law, in either case to the effect
that, and based thereon such Opinion of Counsel shall confirm that, the Holders
of the Securities of such series will not recognize income, gain or loss for
Federal income tax purposes as a result of such deposit, defeasance and
discharge and will be subject to Federal income tax on the same amount and in
the same manner and at the same times as would have been the case if such
deposit, defeasance and discharge had not occurred;

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

               (i) such deposit shall not result in the trust arising from such
deposit constituting an investment company (as defined in the Investment Company
Act of 1940, as amended), or such trust shall be qualified under such Act or
exempt from regulation thereunder; and

               (j) the Company shall have delivered to the Trustee an Officers'
Certificate and an Opinion of Counsel, each stating that all conditions
precedent provided for relating to the defeasance contemplated by this Section
have been complied with.

Section 8.04      Covenant Defeasance.

               Unless this Section 8.04 is otherwise inapplicable to Securities
of any series, on and after the 91st day after the date of the deposit referred
to in subparagraph (a) hereof, the Company may omit to comply with any term,
provision or condition set forth under Sections 4.03, 4.04, 4.05, 4.06, 4.07 and
5.01 as well as any additional covenants contained in a supplemental indenture
hereto for a particular series of Securities or a Board Resolution or an
Officers' Certificate delivered pursuant to Section 2.01(n) (and the failure to
comply with any

                                       30

<PAGE>

such provisions shall not constitute a Default or Event of Default under Section
6.01) and the occurrence of any event described in clause (e) of Section 6.01
shall not constitute a Default or Event of Default hereunder, with respect to
the Securities of such series, provided that the following conditions shall have
been satisfied:

               (a) With reference to this Section 8.04, the Company has
deposited or caused to be irrevocably deposited (except as provided in Section
8.03) with the Trustee as trust funds in trust, specifically pledged as security
for, and dedicated solely to, the benefit of the Holders of such Securities,
cash in U.S. Dollars and/or U.S. Government Obligations which through the
payment of interest and principal in respect thereof, in accordance with their
terms, will provide (and without reinvestment and assuming no tax liability will
be imposed on such Trustee), not later than one day before the due date of any
payment of money, an amount in cash, sufficient, in the opinion of a nationally
recognized firm of independent certified public accountants expressed in a
written certification thereof delivered to the Trustee, to pay principal and
interest, if any, on and any mandatory sinking fund in respect of the Securities
of such series on the dates such installments of interest or principal are due;

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

               (c) No Default or Event of Default with respect to the Securities
of such series shall have occurred and be continuing on the date of such deposit
or during the period ending on the 91st day after such date;

               (d) The Company shall have delivered to the Trustee an Opinion of
Counsel confirming that Holders of the Securities of such series will not
recognize income, gain or loss for Federal income tax purposes as a result of
such deposit and defeasance and will be subject to federal income tax on the
same amounts, in the same manner and at the same times as would have been the
case if such deposit and defeasance had not occurred;

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

               (f) The Company shall have delivered to the Trustee an Officers'
Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the defeasance contemplated by this
Section have been complied with.

Section 8.05      Repayment to Company.

               The Trustee and the Paying Agent shall pay to the Company upon
written request any money held by them for the payment of principal or interest
that remains unclaimed for two

                                       31

<PAGE>

years after the date upon which such payment shall have become due. After
payment to the Company, Securityholders entitled to the money must look to the
Company for payment as general creditors unless an applicable abandoned property
law designates another Person.

                                    ARTICLE 9
                       SUPPLEMENTS, AMENDMENTS AND WAIVERS

Section 9.01      Without Consent of Holders.

               The Company and the Trustee as to any series of Securities may
supplement or amend this Indenture or the Securities without notice to or the
consent of any Securityholder:

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

                    (2) to comply with Article 5;

                    (3) to comply with any requirements of the Commission in
               connection with the qualification of this Indenture under the
               TIA;

                    (4) to provide for uncertificated Securities in addition to
               or in place of certificated Securities;

                    (5) to add to, change or eliminate any of the provisions of
               this Indenture in respect of one or more series of Securities,
               provided, however, that any such addition, change or elimination
               (A) shall neither (i) apply to any Security of any series created
               prior to the execution of such supplemental indenture and
               entitled to the benefit of such provision nor (ii) modify the
               rights of the Holder of any such Security with respect to such
               provision or (B) shall become effective only when there is no
               outstanding Security of any series created prior to the execution
               of such supplemental indenture and entitled to the benefit of
               such provision;

                    (6) to make any change that does not adversely affect in any
               material respect the interests of the Securityholders of any
               series; or

                    (7) to establish additional series of Securities as
               permitted by Section 2.01.

Section 9.02      With Consent of Holders.

               Subject to Section 6.07, the Company and the Trustee as to any
series of Securities may amend this Indenture or the Securities of that series
with the written consent of the Holders of a majority in principal amount of the
then outstanding Securities of each series affected by the amendment, with each
such series voting as a separate class. The Holders of a majority in principal
amount of the then outstanding Securities of any series may also waive
compliance in a particular instance by the Company with any provision of this
Indenture with respect to that series or the Securities of that series;
provided, however, that without the consent of each Securityholder affected, an
amendment or waiver may not:

                                       32

<PAGE>

                    (1) reduce the percentage of the principal amount of
               Securities whose Holders must consent to an amendment or waiver;

                    (2) reduce the amount of, or postpone the date fixed for,
               the payment of any sinking fund or analogous provision;

                    (3) reduce the rate of, or change the time for payment of
               interest on, any Security;

                    (4) reduce the principal of or change the fixed maturity of
               any Security or waive a redemption payment or alter the
               redemption provisions with respect thereto;

                    (5) make any Security payable in money other than that
               stated in the Security;

                    (6) reduce the principal amount of Original Issue Discount
               Securities payable upon acceleration of the maturity thereof;

                    (7) make any change in Section 6.04, 6.07 or 9.02 (this
               sentence); or

                    (8) waive a default in the payment of the principal of, or
               interest on, any Security, except to the extent otherwise
               provided for in Section 6.02.

               An amendment or waiver under this Section which waives, changes
or eliminates any covenant or other provision of this Indenture which has
expressly been included solely for the benefit of one or more particular series
of Securities, or which modifies the rights of the Holders of Securities of such
series with respect to such covenant or other provision, shall be deemed not to
affect the rights under this Indenture of the Holders of Securities of any other
series.

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

               The Company will mail supplemental indentures to Holders upon
request. Any failure of the Company to mail such notice, or any defect therein,
shall not, however, in any way impair or affect the validity of any such
supplemental indenture or waiver.

Section 9.03      Revocation and Effect of Consents.

               Until an amendment or waiver becomes effective, a consent to it
by a Holder of a Security is a continuing consent by the Holder and every
subsequent Holder of a Security or portion of a Security that evidences the same
debt as the consenting Holder's Security, even if notation of the consent is not
made on any Security; provided, however, that unless a record date shall have
been established pursuant to Section 2.13(a), any such Holder or subsequent
Holder

                                       33

<PAGE>

may revoke the consent as to his Security or portion of a Security if the
Trustee receives the notice of revocation before the date on which the amendment
or waiver becomes effective. An amendment or waiver shall become effective on
receipt by the Trustee of consents from the Holders of the requisite percentage
principal amount of the outstanding Securities of any series, and thereafter
shall bind every Holder of Securities of that series.

Section 9.04      Notation on or Exchange of Securities.

               If an amendment or waiver changes the terms of a Security: (a)
the Trustee may require the Holder of the Security to deliver it to the Trustee,
the Trustee may place an appropriate notation on the Security about the changed
terms and return it to the Holder and the Trustee may place an appropriate
notation on any Security thereafter authenticated; or (b) if the Company or the
Trustee so determines, the Company in exchange for the Security shall issue and
the Trustee shall authenticate a new Security that reflects the changed terms.

Section 9.05      Trustee to Sign Amendments, etc.

               The Trustee shall receive an Opinion of Counsel stating that the
execution of any amendment or waiver proposed pursuant to this Article is
authorized or permitted by this Indenture. Subject to the preceding sentence,
the Trustee shall sign such amendment or waiver if the same does not adversely
affect the rights, duties, liabilities or immunities of the Trustee. The Trustee
may, but shall not be obligated to, execute any such amendment, supplement or
waiver which affects the Trustee's own rights, duties, liabilities or immunities
under this Indenture or otherwise.

                                   ARTICLE 10
                                  MISCELLANEOUS

Section 10.01     Indenture Subject to Trust Indenture Act.

               This Indenture is subject to the provisions of the TIA which are
required to be part of this Indenture, and shall, to the extent applicable, be
governed by such provisions.

Section 10.02     Notices.

               Any notice or communication is duly given if in writing and
delivered in person or sent by first-class mail, telecopier or overnight air
courier guaranteeing next day delivery, addressed as follows:

               If to the Company:

                             Advanced Micro Devices, Inc.
                             One AMD Place
                             Sunnyvale, California 94086
                             Attention: General Counsel

                                       34

<PAGE>

               If to the Trustee:

                               The Bank of New York
                               101 Barclay Street, Floor 8 West
                               New York, New York 10286
                               Attention: Corporate Trust Trustee Administration

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

               All notices and communications (other than those sent to Holders)
shall be deemed to have been duly given: at the time delivered by hand, if
personally delivered; five Business Days after being deposited in the mail,
postage prepaid, if mailed; when receipt acknowledged, if telecopied; and the
next Business Day after timely delivery to the courier, if sent by overnight air
courier guaranteeing next day delivery.

               Any notice or communication to a Securityholder shall be mailed
by first-class mail to his address shown on the register kept by the Registrar.
Failure to mail a notice or communication to a Securityholder or any defect in
it shall not affect its sufficiency with respect to other Securityholders. If
the Company mails a notice or communication to Securityholders, it shall mail a
copy to the Trustee at the same time.

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

Section 10.03     Communication By Holders With Other Holders.

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

Section 10.04     Certificate and Opinion as to Conditions Precedent.

               Upon any request or application by the Company to the Trustee to
take any action under this Indenture (except for the initial issuance of
Securities under this Indenture), the Company shall furnish to the Trustee:

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

               (b) an Opinion of Counsel stating that, in the opinion of such
counsel, all such conditions precedent have been complied with.

                                       35

<PAGE>

Section 10.05     Statements Required in Certificate or Opinion.

               Each certificate or opinion with respect to compliance with a
condition or covenant provided for in this Indenture (other than the certificate
provided for in Section 4.03) 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, he or
               she has made such examination or investigation as is necessary to
               enable him or her 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 condition or covenant has been complied with;
               provided, however, that with respect to matters of fact an
               Opinion of Counsel may rely on an Officers' Certificate or
               certificates of public officials.

Section 10.06     Rules by Trustee and Agents.

               The Trustee as to Securities of any series may make reasonable
rules for action by or at a meeting of Holders of Securities of that series. The
Registrar and any Paying Agent or Authenticating Agent may make reasonable rules
and set reasonable requirements for their functions.

Section 10.07     Legal Holidays.

               A "Legal Holiday" is a Saturday, a Sunday or a day on which
banking institutions in New York, New York, are not required to be open. If a
payment date is a Legal Holiday at a place of payment, payment may be made at
that place on the next succeeding day that is not a Legal Holiday, and no
interest shall accrue for the intervening period.

Section 10.08     No Recourse Against Others.

               A past, present or future director, officer, employee,
stockholder or incorporator, as such, of the Company or any successor
corporation shall not have any liability for any obligations of the Company
under any series of Securities or the Indenture or for any claim based on, in
respect of, or by reason of such obligations or their creation. Each
Securityholder by accepting a Security waives and releases all such liability.
The waiver and release are part of the consideration of issuance of the
Securities. Such waiver may not be effective to waive liabilities under the
federal securities laws and it is the view of the Commission that such a waiver
is against public policy.

                                       36

<PAGE>

Section 10.09     Counterparts.

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

Section 10.10     Governing Law.

               The internal laws of the State of New York shall govern this
Indenture and the Securities, without regard to the conflict of laws provisions
thereof.

Section 10.11     Severability.

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

Section 10.12     Effect of Headings, Table of Contents, etc.

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

Section 10.13     Successors and Assigns.

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

Section 10.14     No Interpretation of Other Agreements.

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

                                       37

<PAGE>

                                   SIGNATURES

                  IN WITNESS WHEREOF, the parties hereto have executed this
Indenture as of the date first above written.

                                 ADVANCED MICRO DEVICES, INC.

                                 By  /s/ Robert J. Rivet
                                   ----------------------------------------
                                   Name: Robert J. Rivet
                                   Title: Senior Vice President, Chief Financial
                                          Officer

                                 THE BANK OF NEW YORK,
                                   as Trustee

                                 By  /s/ Michael Pitfick
                                   ----------------------------------------
                                   Name: Michael Pitfick
                                   Title: Assistant Vice President

                                    38<PAGE>

                                                                     EXHIBIT 4.2

                          ADVANCED MICRO DEVICES, INC.

                        OFFICERS' CERTIFICATE PURSUANT TO
                    SECTIONS 2.01 AND 10.04 OF THE INDENTURE

     Robert J. Rivet and Thomas M. McCoy do hereby certify that they are the
Senior Vice President and Chief Financial Officer, Senior Vice President,
General Counsel and Secretary, respectively, of Advanced Micro Devices, Inc., a
Delaware corporation (the "Company"), and do further certify, pursuant to
resolutions of the Executive Committee of the Board of Directors of the Company
adopted on November 19, 2002 (the "Resolutions"), and in accordance with
Sections 2.01 and 10.04 of the Base Indenture dated as of November 25, 2002 (the
"Base Indenture," and as amended and supplemented by this Officers' Certificate,
the "Indenture") between the Company and The Bank of New York, as trustee (the
"Trustee"), as follows:

     1.   Terms of Notes. A series of securities to be issued under the
Indenture and designated as the Company's 4.50% Convertible Senior Notes Due
2007 (the "Notes") has been authorized. The Notes will be issued at the initial
offering price of 100% of the principal amount of the Notes. The form of Notes
is attached hereto as Annex A (the "Form of Note") and terms set forth in the
Form of Note are incorporated by reference herein. The following terms shall
apply to the Notes:

          (a)  The aggregate principal amount of Notes that may be authenticated
     and delivered is $350,000,000 plus such aggregate principal amount (which
     may not exceed $52,500,000 principal amount) of Notes as may be purchased
     by the Underwriters on the Option Closing Date (as defined in the
     Underwriting Agreement) pursuant to the Underwriting Agreement, dated
     November 19, 2002 (the "Underwriting Agreement"), between the Company and
     Banc of America Securities LLC, Salomon Smith Barney Inc. and Merrill
     Lynch, Pierce, Fenner & Smith Incorporated, as Underwriters, except for
     Notes authenticated and delivered upon registration of transfer of, or in
     exchange for, or in lieu of, other securities pursuant to Section 2.06,
     2.07, 2.10 or 9.04 of the Base Indenture, Paragraph 7 or 9 hereof or
     subparagraph 3.02 or 6.06.

          (b)  The Notes shall constitute senior unsecured obligations of the
     Company ranking pari passu with the Company's other senior unsecured
     indebtedness and convertible into Common Stock (as defined herein) as
     provided in Paragraph 9 hereof.

          (c)  The principal amount of the Notes is payable on December 1, 2007,
     unless earlier repaid in accordance with Paragraph 6 or 7 hereof.

          (d)  The entire principal amount of the Notes shall be issued
     initially as one or more Global Securities in registered form, without
     coupons, and upon issuance shall be deposited with, or on behalf of, The
     Depository Trust Company (the "Depositary") or its nominee and registered
     in the name of the Depositary.

          (e)  The Notes shall bear interest at the rate of 4.50% per annum from
     November 25, 2002 or from the most recent Interest Payment Date (as defined
     below) to which interest has been paid or provided for, and such interest
     will be payable on June 1 and December 1 of each calendar year (each, an
     "Interest Payment Date"), commencing

<PAGE>

     June 1, to the persons in whose names such Notes are registered at the
     close of business on the May 15 and November 15, respectively, immediately
     preceding the relevant Interest Payment Date, whether or not a Business Day
     (each, a "Regular Record Date"); such interest shall be computed on the
     basis of a 360-day year composed of twelve 30-day months.

          (f)   The Notes are redeemable at the option of the Company as
     specified in Paragraph 6 hereof.

          (g)   Holders of the Notes have the right to require the Company to
     repurchase the Notes upon a Fundamental Change as specified in Paragraph 7
     hereof.

          (h)   The Notes are convertible into Common Stock at the option of the
     Holders as specified in Paragraph 9 hereof.

          (i)   The Notes shall not have the benefit of a sinking fund.

     2.   Payment of Interest. The following provisions apply to the payment of
interest on the Notes. Section 2.12 of the Base Indenture shall be replaced by
subparagraph 2.02 herein and references to Section 2.12 of the Base Indenture
shall be read to refer to subparagraph 2.02 herein:

          2.01. Interest Payment. Interest on any Note that is payable, and is
punctually paid or duly provided for, on any Interest Payment Date shall be paid
to the Person in whose name that Note is registered at the close of business on
the Regular Record Date for such interest at the office or agency of the Company
maintained for such purpose. Each installment of interest on any Note shall be
made by check mailed to the address of the Holder specified in the register of
Securities, or, at the option of the Holder, at the Corporate Trust Office, in
such lawful money of the United States of America as at the time of payment
shall be legal tender for the payment of public and private debts; provided,
however, that, with respect to any Holder of Securities with an aggregate
principal amount in excess of $5,000,000, at the request of such Holder in
writing to the Company, interest on such Holder's Notes shall be paid by wire
transfer in immediately available funds in accordance with the written wire
transfer instruction supplied by such Holder from time to time to the Trustee
and Paying Agent (if different from the Trustee) at least two days prior to the
applicable Regular Record Date. In the case of a Global Security, interest
payable on any Interest Payment Date will be paid to the Depositary by wire
transfer or immediately available funds, with respect to that portion of such
permanent Global Security held for its account by Cede & Co. for the purpose of
permitting such party to credit the interest received by it in respect of such
permanent Global Security to the accounts of the beneficial owners thereof.

          2.02. Defaulted Interest. Except as otherwise specified with respect
to the Notes, any interest on any Note that is payable, but is not punctually
paid or duly provided for, within 30 days following any Interest Payment Date
(herein called "Defaulted Interest", which term shall include any accrued and
unpaid interest that has accrued on such defaulted amount), shall forthwith
cease to be payable to the registered Holder thereof on the relevant Regular

                                        2

<PAGE>

Record Date by virtue of having been such Holder, and such Defaulted Interest
may be paid by the Company, as its election in each case, as provided in clause
(1) or (2) below:

          (1)  The Company may elect to make payment of any Defaulted Interest
               to the Persons in whose names the Notes are registered at the
               close of business on a date (the "Special Record Date") for the
               payment of such Defaulted Interest, which shall be fixed in the
               following manner. The Company shall notify the Trustee in writing
               of the amount of Defaulted Interest proposed to be paid on each
               Note and the date of the proposed payment (which shall not be
               less than 20 days after such notice is received by the Trustee),
               and at the same time the Company shall deposit with the Trustee
               an amount of money equal to the aggregate amount proposed to be
               paid in respect of such Defaulted Interest or shall make
               arrangements satisfactory to the Trustee for such deposit on or
               prior to the date of the proposed payment, such money when
               deposited to be held in trust for the benefit of the Persons
               entitled to such Defaulted Interest as provided in this clause.
               Thereupon the Trustee shall fix a Special Record Date for the
               payment of such Defaulted Interest which shall be not more than
               15 days and not less than 10 days prior to the date of the
               proposed payment and not less than 10 days after the receipt by
               the Trustee of the notice of the proposed payment. The Trustee
               shall promptly notify the Company of such Special Record Date
               and, in the name and at the expense of the Company, shall cause
               notice of the proposed payment of such Defaulted Interest and the
               Special Record Date therefor to be mailed, first-class postage
               prepaid, to each Holder of Notes at such Holder's address as it
               appears on the list of Securityholders maintained pursuant to
               Section 2.05 of the Base Indenture not less than 10 days prior to
               such Special Record Date. Notice of the proposed payment of such
               Defaulted Interest and the Special Record Date therefor having
               been mailed as aforesaid, such Defaulted Interest shall be paid
               to the Persons in whose names the Notes are registered at the
               close of business on such Special Record Date and shall no longer
               be payable pursuant to the following clause (2).

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

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

     3.   Global Securities.

                                        3

<PAGE>

          3.01. General. Members of, or participants in, the Depositary ("Agent
Members") shall have no rights under the Indenture with respect to any Global
Security held on their behalf by the Depositary, or the Trustee as its
custodian, or under the Global Security, and the Depositary may be treated by
the Company, the Trustee and any agent of the Company or the Trustee as the
absolute owner of the Global Security for all purposes whatsoever.
Notwithstanding the foregoing, nothing in the Indenture shall prevent the
Company, the Trustee or any agent of the Company or the Trustee from giving
effect to any written certification, proxy or other authorization furnished by
the Depositary or impair, as between the Depositary and its Agent Members, the
operation of customary practices governing the exercise of the rights of any
Holder.

          The Holder of the Global Securities 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 the Indenture or the Notes.

          3.02. Transfers of Global Securities. Transfers of the Global
Securities shall be limited to transfers in whole, but not in part, to the
Depositary, its successors or their respective nominees. Interests of beneficial
owners in a Global Security may be transferred or exchanged, in whole or in
part, for Physical Securities in accordance with the rules and procedures of the
Depositary. In addition, Physical Securities shall be transferred to all
beneficial owners in exchange for their beneficial interests in the Global
Securities if (i) such Depositary has notified the Company (or the Company
becomes aware) that the Depositary (A) is unwilling or unable to continue as
Depositary for such Global Security or (B) has ceased to be a clearing agency
registered under the Exchange Act when the Depositary is required to be so
registered to act as such Depositary and, in both such cases, no successor
Depositary shall have been appointed within 90 days of such notification or of
the Company becoming aware of such event or (ii) there shall have occurred and
be continuing an Event of Default with respect to such Global Security and the
Outstanding Notes shall have become due and payable pursuant to subparagraph
4.02 hereof and the Trustee requests that Physical Securities be issued.

          In connection with any transfer or exchange of a portion of the
beneficial interest in the Global Security to beneficial owners, the Registrar
shall (if one or more Physical Securities are to be issued) reflect on its books
and records the date and a decrease in the principal amount of the Global
Security in an amount equal to the principal amount of the beneficial interest
in the Global Security to be transferred, and the Company shall execute, and the
Trustee shall authenticate and deliver, one or more Physical Securities of like
tenor and amount.

          In connection with the transfer of the entire Global Security to
beneficial owners, the Global Security shall be deemed to be surrendered to the
Trustee for cancellation, and the Company shall execute, and the Trustee shall
authenticate and deliver, to each beneficial owner identified by the Depositary
in exchange for its beneficial interest in the Global Security, an equal
aggregate principal amount of Physical Securities of authorized denominations
and the same tenor.

     4.   Events of Default and Related Provisions. Sections 6.01, 6.02, 6.04,
6.06 and 7.05 of the Base Indenture shall not be applicable to the Notes.
Instead, the following provisions will

                                        4

<PAGE>

apply and references to Sections 6.01, 6.02, 6.04, 6.06 and 7.05 in the Base
Indenture shall be read to refer respectively to subparagraphs 4.01, 4.02, 4.03,
4.04 and 4.05 herein:

          4.01. Events of Default. "Event of Default", wherever used herein,
means any one of the following events (whatever the reason for such Event of
Default and whether it shall be voluntary or involuntary or be effected by
operation of law or pursuant to any judgment, decree or order of any court or
any order, rule or regulation of any administrative or governmental body):

                (1)  default in the payment of the Principal, premium, if any,
          Redemption Price or Repurchase Price on any Note when it becomes due
          and payable; or

                (2)  default in the payment of interest upon any Note, when such
          interest becomes due and payable, and continuance of such default for
          a period of 30 days; or

                (3)  default in the performance of any covenant, agreement or
          condition of the Company in the Indenture or in the Notes (other than
          a default specified in clause (1) or (2) above), and continuance of
          such default for a period of 60 days after there has been given, by
          registered or certified mail, to the Company by the Trustee or to the
          Company and the Trustee by the Holders of at least 25% in aggregate
          principal amount of the Outstanding Notes a written notice specifying
          such default and requiring it to be remedied and stating that such
          notice is a "Notice of Default" hereunder; or

                (4)  failure by the Company to give the Company Notice; or

                (5)  the entry by a court having jurisdiction in the premises of
          (i) a decree or order for relief in respect of the Company or any of
          its significant subsidiaries of a voluntary case or proceeding under
          any applicable federal or state bankruptcy, insolvency, reorganization
          or other similar law or (ii) a decree or order adjudging the Company
          as bankrupt or insolvent, or approving as properly filed a petition
          seeking reorganization, arrangement, adjustment or composition of or
          in respect of the Company under any applicable federal or state law or
          (iii) appointing a custodian, receiver, liquidator, assignee, trustee,
          sequestrator or other similar official of the Company or of any
          substantial part of its property, or ordering the winding up or
          liquidation of its affairs, and the continuance of any such decree or
          order for relief or any such other decree or order unstayed and in
          effect for a period of 60 consecutive days;

                (6)  the commencement by the Company or any of its significant
          subsidiaries of a voluntary case or proceeding under any applicable
          federal or state bankruptcy, insolvency, reorganization or other
          similar law or of any other case or proceeding to be adjudicated a
          bankrupt or insolvent, or the consent by it to the entry of a decree
          or order for relief in respect of the Company in an involuntary case
          or proceeding under any applicable federal or state bankruptcy,

                                        5

<PAGE>

          insolvency, reorganization or other similar law or to the commencement
          of any bankruptcy or insolvency case or proceeding against it, or the
          filing by it of a petition or answer or consent seeking reorganization
          or relief under any applicable federal or state law, or the consent by
          it to the filing of such petition or to the appointment of or taking
          possession by a custodian, receiver, liquidator, assignee, trustee,
          sequestrator or other similar official of the Company or of any
          substantial part of its property, or the making by it of an assignment
          for the benefit of creditors, or the admission by it in writing of its
          inability to pay its debts generally as they become due, or the taking
          of corporate action by the Company in furtherance of any such action;

                (7)  the failure by the Company or any of its significant
          subsidiaries to make any payment at maturity, including any applicable
          grace period, with respect to any indebtedness of, or guaranteed or
          assumed by, the Company or its significant subsidiaries, in a
          principal amount then outstanding in excess of $25 million in the
          aggregate for all such indebtedness and the continuance of such
          failure for a period of 30 days after there shall have been given, by
          registered or certified mail, to the Company by the Trustee or to the
          Company and the Trustee by Holders of at least 25% in aggregate
          principal amount of the Outstanding Notes, a written notice specifying
          such default and requiring the Company to cause such default to be
          cured or waived and stating that such notice is a "Notice of Default"
          hereunder; or

                (8)  the default on the part of the Company or any of its
          significant subsidiaries with respect to any indebtedness of, or
          guaranteed or assumed by, the Company or its significant subsidiaries,
          in a principal amount then outstanding in excess of $25 million in the
          aggregate for all such indebtedness, and such indebtedness shall not
          have been discharged or such acceleration shall not have been
          rescinded or annulled for a period of 30 days after there shall have
          been given, by registered or certified mail, to the Company by the
          Trustee or to the Company and the Trustee by Holders of at least 25%
          in aggregate principal amount of the Outstanding Notes, a written
          notice specifying such default and requiring the Company to cause such
          default to be cured or waived or such acceleration to be rescinded or
          annulled and stating that such notice is a "Notice of Default"
          hereunder.

     "significant subsidiary", as used herein, has the meaning given to that
term in Rule 1-02 of Regulation S-X under the Exchange Act, except that
references to income from continuing operations are changed to revenues.

          4.02. Acceleration. If an Event of Default (other than those specified
in clauses (5) and (6) of subparagraph 4.01 above) occurs and is continuing,
then and in every such case the Trustee or the Holders of not less than 25% in
aggregate principal amount of the Outstanding Notes may declare the Principal
plus accrued and unpaid interest on all the Outstanding Notes to be due and
payable immediately, by a notice in writing to the Company (and to the Trustee
if given by Holders), and upon any such declaration such Principal plus accrued
and unpaid interest shall become immediately due and payable.

                                        6

<PAGE>

     Notwithstanding the foregoing, in the case of an Event of Default specified
in clauses (5) or (6) of subparagraph 4.01 above, the Principal plus accrued and
unpaid interest on all Outstanding Notes will ipso facto become due and payable
without any declaration or other act on the part of the Trustee or any Holder.

     At any time after such a declaration of acceleration has been made and
before a judgment or decree for payment of the money due has been obtained by
the Trustee as hereinafter in this Paragraph provided, the Holders of a majority
in aggregate principal amount of the Outstanding Notes, by written notice to the
Company and the Trustee, may rescind and annul such declaration and its
consequences if the Company has paid or deposited with the Trustee a sum
sufficient to pay (i) all overdue interest on all Notes, (ii) the Principal plus
accrued and unpaid interest, Redemption Price or Repurchase Price, as
applicable, on any Notes which have become due otherwise than by such
declaration of acceleration, (iii) all sums paid or advanced by the Trustee
hereunder and the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel, and any other amounts due the Trustee
under Section 7.07 of the Base Indenture; and (iv) all Events of Default, other
than the non-payment of the Principal plus accrued and unpaid interest on Notes
which have become due solely by such declaration of acceleration, have been
cured or waived as provided in subparagraph 4.03 hereof.

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

          4.03. Waiver of Past Defaults. The Holders of not less than a majority
in principal amount of the Outstanding Notes may on behalf of the Holders of all
the Notes waive any past Default hereunder and its consequences, except a
Default:

                (ii)   described in clause (1) or (2) of subparagraph 4.01
          above; or

                (iii)  in respect of a covenant or provision hereof which under
          Article 9 of the Base Indenture and subparagraph 5.02 hereof cannot be
          modified or amended without the consent of the Holder of each Note
          affected.

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

          4.04. Limitation on Suits. No Holder of any Note shall have any right
to institute any proceeding, judicial or otherwise, with respect to the
Indenture, or for the appointment of a receiver or trustee, or for any other
remedy hereunder (other than in the case of an Event of Default specified in
clause (1) or (2) of subparagraph 4.01 above), unless:

          (a)   such Holder has previously given written notice to the Trustee
     of a continuing Event of Default;

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

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<PAGE>

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

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

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

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

          4.05. Notice of Defaults. The Trustee shall give the Holders notice of
any Default hereunder within 60 days after the occurrence thereof, unless such
Default has been cured or waived in such 60 day period; provided, that in the
case of any Default in the payment of Principal or interest on any of the Notes,
Redemption Price or Repurchase Price, the Trustee shall be protected in
withholding such notice if and so long as a trust committee of directors or
trustees and/or a Trust Officer of the Trustee in good faith determines that the
withholding of such notice is in the interest of the Holders of Notes.

     5.   Supplemental Indentures with and without Consent of Holders.

          5.01  Supplemental Indentures without Consent of the Holders. In
addition to the purposes for which a supplemental indenture may be entered into
without the consent of the Holders of the Notes set forth in Section 9.01 of the
Base Indenture, the following shall be considered such a purpose:

                (i)   to make any change that would provide additional rights or
          benefits to the Holders of Notes;

                (ii)  to make any provisions to secure the Notes; and

                (iii) to provide for the acceptance and appointment of a
          successor trustee.

          5.02  Supplemental Indentures with Consent of the Holders. In addition
to the limitations on supplemental indentures with the consent of Holders set
forth in Section 9.02 of the Base Indenture, the following limitations shall
apply with respect to the Notes and shall be subject to the other provisions of
Article 9 of the Base Indenture:

                (i)   change the Regular Record Dates;

                                        8

<PAGE>

                (ii)   reduce the Redemption Price, the Repurchase Price or make
          any change that adversely affects the rights of the holders of the
          Notes to require the Company to repurchase the Notes upon a
          Fundamental Change;

                (iii)  make any change that adversely affects the right of a
          Holder to convert any Note as provided in Paragraph 9 hereof.

     6.   Optional Redemption of Notes by the Company. The following provisions
apply to the optional redemption of Notes by the Company, in place of the
provisions in Article 3 of the Base Indenture and references to Section 3.01,
3.02, 3.03, 3.04, 3.05 and 3.06 shall be read to refer respectively to
subparagraph 6.01, 6.02, 6.03, 6.04, 6.05 and 6.06 herein:

          6.01. Right to Redeem; Notices to Trustee. The Company, at its option,
may redeem the Notes in accordance with the provisions of the Notes and the
Indenture. If the Company elects to redeem Notes, it shall notify the Trustee in
writing of the Redemption Date, the Principal of Notes to be redeemed and the
Redemption Price.

          The Company shall give the notice to the Trustee provided for in this
Section 6.01 by a Company Order, at least 45 days before the Redemption Date
(unless a shorter notice shall be satisfactory to the Trustee).

          6.02. Selection of Notes to Be Redeemed. If less than all the Notes
are to be redeemed, the Trustee shall select the Notes to be redeemed pro rata
or by lot or by any other method the Trustee considers fair and appropriate (so
long as such method is not prohibited by the rules of any stock exchange on
which the Notes are then listed). The Trustee shall make the selection within 7
days from its receipt of the notice from the Company delivered pursuant to
subparagraph 6.01 from Outstanding Notes not previously called for redemption.

          Notes and portions of them the Trustee selects shall be in principal
amounts of $1,000 or integral multiples of $1,000. Provisions of the Indenture
that apply to Notes called for redemption also apply to portions of Notes called
for redemption. The Trustee shall notify the Company promptly of the Notes or
portions of Notes to be redeemed.

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

          6.03. Notice of Redemption. At least 15 days but not more than 60 days
before a Redemption Date, the Company shall mail a notice of redemption by
first-class mail, postage prepaid, to each Holder of Notes to be redeemed.

          The notice shall identify the Notes to be redeemed and shall state:

                (i)    the Redemption Date;

                (ii)   the Redemption Price;

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<PAGE>

                (iii)  the Conversion Price;

                (iv)   the name and address of the Paying Agent and Conversion
          Agent;

                (v)    that Notes called for redemption may be converted at any
          time before the close of business on the Business Day immediately
          preceding the Redemption Date;

                (vi)   that Holders who want to convert Notes must satisfy the
          requirements set forth therein and in the Indenture;

                (vii)  that Notes called for redemption must be surrendered to
          the Paying Agent for cancellation to collect the Redemption Price;

                (viii) if fewer than all the outstanding Notes are to be
          redeemed, the certificate number and principal amounts of the
          particular Notes to be redeemed;

                (ix)   that, unless the Company defaults in making payment of
          such Redemption Price, interest on Notes called for redemption will
          cease to accrue on and after the Redemption Date; and

                (x)    the CUSIP number of the Notes.

          At the Company's written request delivered at least 15 days prior to
the date such notice is to be given (unless a shorter time period shall be
acceptable to the Trustee), the Trustee shall give the notice of redemption in
the Company's name and at the Company's expense.

          6.04. Effect of Notice of Redemption. Once notice of redemption is
given, Notes called for redemption become due and payable on the Redemption Date
and at the Redemption Price stated in the notice except for Notes which are
converted in accordance with the terms of the Indenture. Upon surrender to the
Paying Agent, such Notes shall be paid at the Redemption Price stated in the
notice.

          6.05. Deposit of Redemption Price. Prior to 10:00 a.m. (New York City
Time) on a Redemption Date, the Company shall deposit with the Paying Agent (or
if the Company or a Subsidiary or an Affiliate of either of them is the Paying
Agent, shall segregate and hold in trust) money sufficient to pay the Redemption
Price of all Notes to be redeemed on that date other than Notes or portions of
Notes called for redemption which on or prior thereto have been delivered by the
Company to the Trustee for cancellation or have been converted. The Paying Agent
shall as promptly as practicable return to the Company any money not required
for that purpose because of conversion of Notes pursuant to Paragraph 9. If such
money is then held by the Company in trust and is not required for such purpose
it shall be discharged from such trust.

          6.06. Notes Redeemed in Part. Upon surrender of a Note that is
redeemed in part, the Company shall execute and the Trustee shall authenticate
and deliver to the Holder a new Note in an authorized denomination equal in
principal amount to the unredeemed portion of the Note surrendered.

                                       10

<PAGE>

          6.07. Conversion Arrangement on Call for Redemption. In connection
with any redemption of Notes, the Company may arrange for the purchase and
conversion of any Notes called for redemption by an agreement with one or more
investment bankers or other purchasers to purchase such Notes by paying to the
Trustee in trust for the Noteholders, on or prior to 10:00 a.m. New York City
time on the Redemption Date, an amount that, together with any amounts deposited
with the Trustee by the Company for the redemption of such Notes, is not less
than the Redemption Price of such Notes. Notwithstanding anything to the
contrary contained in this Paragraph 6, the obligation of the Company to pay the
Redemption Price of such Notes shall be deemed to be satisfied and discharged to
the extent such amount is so paid by such purchasers. If such an agreement is
entered into, any Notes not duly surrendered for conversion by the Holders
thereof may, at the option of the Company, be deemed, to the fullest extent
permitted by law, acquired by such purchasers from such Holders and
(notwithstanding anything to the contrary contained in Paragraph 9) surrendered
by such purchasers for conversion, all as of immediately prior to the close of
business on the Business Day prior to the Redemption Date, subject to payment of
the above amount as aforesaid. The Trustee shall hold and pay to the Holders
whose Notes are selected for redemption any such amount paid to it for purchase
and conversion in the same manner as it would monies deposited with it by the
Company for the redemption of Notes. Without the Trustee's prior written
consent, no arrangement between the Company and such purchasers for the purchase
and conversion of any Notes shall increase or otherwise affect any of the
powers, duties, responsibilities or obligations of the Trustee as set forth in
the Indenture, and the Company agrees to indemnify the Trustee from, and hold it
harmless against, any loss, liability or expense arising out of or in connection
with any such arrangement for the purchase and conversion of any Notes between
the Company and such purchasers, including the costs and expenses incurred by
the Trustee in the defense of any claim or liability arising out of or in
connection with the exercise or performance of any of its powers, duties,
responsibilities or obligations under the Indenture, except in the case of the
Trustee's negligence or bad faith.

          6.08. Exchange and Registration. The Company shall not be required to
exchange or register a transfer of any Note (i) during the 15-day period
immediately preceding the mailing of any notice of redemption of any Note, (ii)
after any notice of redemption has been given to Holders of Notes, except, where
such notice provides that such Note is to be redeemed only in part, the Company
shall be required to exchange or register a transfer of the portion thereof not
to be redeemed, (iii) that has been surrendered for conversion pursuant to
Paragraph 9 hereof or (iv) as to which a Repurchase Notice has been delivered
pursuant to Paragraph 7 hereof and not withdrawn, except where such Repurchase
Notice provides that such Note is to be purchased only in part, the Company
shall be required to exchange or register a transfer of the portion thereof not
to be purchased.

     7.   Repurchase of Notes at Option of the Holder Upon a Fundamental Change.
The Notes shall be subject to repurchase at the option of the Holders upon the
following terms and conditions:

          7.01. General. If prior to December 1, 2007 there shall have occurred
a Fundamental Change, the Notes shall be purchased by the Company, at the
Repurchase Price on a date that is not less than 25 days nor more than 35 days
after the date of the mailing of the

                                       11

<PAGE>

Company Notice under subparagraph 7.03 (the "Repurchase Date"), at the option of
the Holder thereof, upon:

          (a)   delivery to the Paying Agent by the Holder of a written notice
     of purchase (a "Repurchase Notice"), substantially in the form of Annex B
     hereto, at any time from the opening of business on the date of the Company
     Notice (as defined below) until the close of business on a date that is 5
     Business Days prior to the Repurchase Date stating:

                (i)   the certificate number of the Note which the Holder will
          deliver to be purchased;

                (ii)  the portion of the principal amount of the Note which the
          Holder will deliver to be purchased, which portion must be in a
          principal amount of $1,000 or integral multiples thereof;

                (iii) that such Note shall be purchased as of the Repurchase
          Date pursuant to the terms and conditions specified in the Notes and
          in the Indenture; and

          (b)   delivery of such Note to the Paying Agent for cancellation prior
     to, on or after the Repurchase Date (together with all necessary
     endorsements) at the offices of the Paying Agent, such delivery being a
     condition to receipt by the Holder of the Repurchase Price therefor;
     provided, however, that such Repurchase Price shall be so paid pursuant to
     this Paragraph 7 only if the Note so delivered to the Paying Agent shall
     conform in all respects to the description thereof in the related
     Repurchase Notice.

     The Company shall purchase from the Holder thereof, pursuant to this
Paragraph 7, a portion of a Note if the principal amount of such portion is
$1,000 or an integral multiple of $1,000 if so requested by the Holder.
Provisions of the Indenture that apply to the purchase of all of a Note also
apply to the purchase of such portion of such Note.

     Any purchase by the Company contemplated pursuant to the provisions of this
Paragraph 7 shall be consummated by the delivery of the consideration to be
received by the Holder promptly following the later of the Repurchase Date and
the time of delivery of the Note.

     Notwithstanding anything herein to the contrary, any Holder delivering to
the Paying Agent the Repurchase Notice contemplated by this subparagraph 7.01
shall have the right to withdraw such Repurchase Notice at any time prior to the
close of business on the Business Day prior to the Repurchase Date by delivery
of a written notice of withdrawal to the Paying Agent in accordance with
subparagraph 7.05 hereof.

     The Paying Agent shall promptly notify the Company of the receipt by it of
any Repurchase Notice or written notice of withdrawal thereof.

     A "Fundamental Change" shall be deemed to have occurred at such time as any
of the following events shall occur:

                (i)   there is a Change in Control; or

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<PAGE>

                (ii)  the common stock into which the Notes are convertible is
          neither listed for trading on a United States national Notes exchange
          nor approved for trading on the Nasdaq National Market System or
          another established automated over-the-counter trading market in the
          United States.

     A "Change in Control" shall be deemed to have occurred when (i) 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" (as defined in Rules 13d-3
and 13d-5 under the Exchange Act) of shares representing more than 50% of the
combined voting power of the then outstanding securities entitled to vote
generally in elections of directors of the Company (the "Voting Stock"); (ii)
approval by stockholders of the Company of any plan or proposal for the
liquidation, dissolution or winding up of the Company; (iii) the Company (A)
consolidates with or merges into any other Person or any other Person merges
into the Company, and in the case of any such transaction, the outstanding
Common Stock of the Company is changed or exchanged into other assets or
securities as a result, unless the stockholders of the Company immediately
before such transaction own, directly or indirectly immediately following such
transaction, more than 50% of the combined voting power of the outstanding
voting securities of the corporation resulting from such transaction in
substantially the same proportion as their ownership of the Voting Stock
immediately before such transaction, or (B) conveys, transfers or leases all or
substantially all of its assets to any Person; or (iv) any time Continuing
Directors do not constitute a majority of the Board of Directors of the Company
(or, if applicable, a successor Person to the Company); provided that a Change
in Control shall not be deemed to have occurred if either (x) the Closing Price
(as defined in subparagraph 9.05 hereof) of the Common Stock for any 5 Trading
Days (as defined in subparagraph 9.05 hereof) during the 10 Trading Days
immediately preceding the Change in Control is at least equal to 105% of the
Conversion Price (as defined in the Form of Note) in effect on the date on which
the Change in Control occurs or (y) in the case of a merger or consolidation
otherwise constituting a Change in Control, all of the consideration (excluding
cash payments for fractional shares) in such merger or consolidation
constituting the Change in Control consists of common stock traded on a United
States national securities exchange or quoted on the Nasdaq National Market
System (or which will be so traded or quoted when issued or exchanged in
connection with such Change in Control) and as a result of such transaction or
transactions the Notes become convertible solely into such common stock.

          7.02. Payment of Repurchase Price. The Notes to be purchased pursuant
to subparagraph 7.01 shall be paid for in cash.

          7.03. Notice of Fundamental Change. Within 25 days after the
occurrence of a Fundamental Change, the Company shall mail a written notice of
Fundamental Change (the "Company Notice") by first-class mail to the Trustee and
to each Holder (and to beneficial owners as required by applicable law). The
notice shall include a form of Repurchase Notice to be completed by the
Noteholder and shall state:

                (i)   the events causing a Fundamental Change and the date of
          such Fundamental Change;

                (ii)  the date by which the Repurchase Notice pursuant to this
          Paragraph 7 must be given;

                                       13

<PAGE>

                (iii)  the Repurchase Date;

                (iv)   the Repurchase Price;

                (v)    the name and address of the Paying Agent and the
          Conversion Agent;

                (vi)   the Conversion Price applicable on the date of the
          Company Notice;

                (vii)  that Notes as to which a Repurchase Notice has been given
          may be converted pursuant to Paragraph 9 hereof only if the Repurchase
          Notice has been withdrawn in accordance with the terms of the
          Indenture;

                (viii) that Notes must be surrendered to the Paying Agent for
          cancellation to collect payment;

                (ix)   that the Repurchase Price for any Note as to which a
          Repurchase Notice has been duly given and not withdrawn will be paid
          promptly following the later of the Repurchase Date and the time of
          surrender of such Note as described in (viii);

                (x)    the procedures the Holder must follow to exercise rights
          under this Paragraph 7;

                (xi)   the conversion rights of the Notes;

                (xii)  the procedures for withdrawing a Repurchase Notice;

                (xiii) that, unless the Company defaults in making payment of
          such Repurchase Price, interest on Notes covered by any Repurchase
          Notice will cease to accrue on and after the Repurchase Date; and

                (xiv)  the CUSIP number of the Notes.

     At the Company's request, the Trustee shall give such Company Notice in the
Company's name and at the Company's expense; provided, however, that, in all
cases, the text of such Company Notice shall be prepared by the Company.

          7.04. Procedure upon Purchase. The Company shall deposit cash, at the
time and in the manner as provided in subparagraph 7.06 hereof, sufficient to
pay the aggregate Repurchase Price of all Notes to be purchased pursuant to this
Paragraph 7.

          7.05. Effect of Repurchase Notice. Upon receipt by the Paying Agent of
the Repurchase Notice specified in subparagraph 7.01 hereof, the Holder of the
Note in respect of which such Repurchase Notice was given shall (unless such
Repurchase Notice is withdrawn as specified in the following two paragraphs)
thereafter be entitled to receive solely the Repurchase Price with respect to
such Note. Such Repurchase Price shall be paid to such Holder, subject to

                                       14

<PAGE>

receipt of funds by the Paying Agent, promptly following the later of (x) the
Repurchase Date with respect to such Note (provided the conditions in
subparagraph 7.01 hereof have been satisfied) and (y) the time of delivery of
such Note to the Paying Agent by the Holder thereof in the manner required by
subparagraph 7.01. Notes in respect of which a Repurchase Notice has been given
by the Holder thereof may not be converted pursuant to Paragraph 9 hereof on or
after the date of the delivery of such Repurchase Notice unless such Repurchase
Notice has first been validly withdrawn as specified in the following two
paragraphs.

     A Repurchase Notice may be withdrawn by means of a written notice of
withdrawal delivered to the office of the Paying Agent in accordance with the
procedures set forth in the Company Notice at any time prior to the close of
business on the Business Day prior to the Repurchase Date specifying:

                (i)    the certificate number of the Note in respect of which
          such notice of withdrawal is being submitted;

                (ii)   the principal amount of the Note with respect to which
          such notice of withdrawal is being submitted; and

                (iii)  the principal amount, if any, of such Note which remains
          subject to the original Repurchase Notice and which has been or will
          be delivered for repurchase by the Company.

     There shall be no purchase of any Notes pursuant to Paragraph 7 if there
has occurred (prior to, on or after, as the case may be, the giving, by the
Holders of such Notes, of the required Repurchase Notice) and is continuing an
Event of Default (other than a default in the payment of the Repurchase Price
with respect to such Notes). The Paying Agent will promptly return to the
respective Holders thereof any Notes (x) with respect to which a Repurchase
Notice has been withdrawn in compliance with the Indenture, or (y) held by it
during the continuance of an Event of Default (other than a default in the
payment of the Repurchase Price with respect to such Notes) in which case, upon
such return, the Repurchase Notice with respect thereto shall be deemed to have
been withdrawn.

          7.06. Deposit of Repurchase Price. Prior to 10:00 a.m. (local time in
The City of New York) on the Business Day following the Repurchase Date the
Company shall deposit with the Trustee or with the Paying Agent (or, if the
Company or a Subsidiary or an Affiliate of either of them is acting as the
Paying Agent, shall segregate and hold in trust as provided herein) an amount of
money (in immediately available funds if deposited on such Business Day)
sufficient to pay the Repurchase Price of all the Notes or portions thereof
which are to be repurchased as of the Repurchase Date. The Company shall
promptly notify the Trustee in writing of the amount of any deposits of cash
made pursuant to this subparagraph 7.06.

          7.07. Notes Repurchased in Part. Any Note which is to be repurchased
only in part shall be surrendered at the office of the Paying Agent (with, if
the Company or the Trustee so requires, due endorsement by, or a written
instrument of transfer in form satisfactory to the Company and the Trustee duly
executed by, the Holder thereof or such Holder's attorney duly authorized in
writing) and the Company shall execute and the Trustee shall authenticate and

                                       15

<PAGE>

deliver to the Holder of such Note, without service charge, a new Note or Notes,
of any authorized denomination as requested by such Holder in aggregate
principal amount equal to, and in exchange for, the portion of the principal
amount of the Note so surrendered which is not repurchased.

          7.08. Covenant to Comply With Securities Laws Upon Repurchase of
Notes. In connection with any repurchase of Notes under this Paragraph 7
(provided that such offer or repurchase constitutes an "issuer tender offer" for
purposes of Rule 13e-4 (which term, as used herein, includes any successor
provision thereto) under the Exchange Act at the time of such offer or
purchase), the Company shall (i) comply with Rule 13e-4 and Rule 14e-1 under the
Exchange Act, (ii) file the related Schedule TO (or any successor schedule, form
or report) under the Exchange Act, and (iii) otherwise comply with all federal
and state securities laws so as to permit the rights and obligations under this
Paragraph 7 to be exercised in the time and in the manner specified herein.

          7.09. Repayment to the Company. The Trustee and the Paying Agent shall
return to the Company any cash that remains unclaimed, together with interest or
dividends, if any, thereon, held by them for the payment of the Repurchase
Price; provided, however, that to the extent that the aggregate amount of cash
deposited by the Company pursuant to subparagraph 7.06 exceeds the aggregate
Repurchase Price of the Notes or portions thereof which the Company is obligated
to repurchase as of the Repurchase Date then on the Business Day following the
Repurchase Date the Trustee or the Paying Agent, as the case may be, shall
return any such excess to the Company.

     8.   Article 8 of the Base Indenture shall not apply to the Notes. Instead
the following provisions shall apply and references to Sections 8.01, 8.02 and
8.05 in the Base Indenture shall be read to refer respectively to subparagraphs
8.01, 8.02 and 8.03 herein:

          8.01. Satisfaction and Discharge. The Indenture shall cease to be of
further effect only with respect to the Notes (except as to any surviving rights
of registration of transfer or exchange of Notes herein expressly provided for),
and the Trustee, on demand of and at the expense of the Company, shall execute
proper instruments acknowledging satisfaction and discharge of the Indenture,
when

          (a)   either

                (i)   all Notes theretofore authenticated and delivered (other
          than (A) Notes which have been destroyed, lost or stolen and which
          have been replaced or paid as provided in Section 2.07 of the Base
          Indenture and (B) Notes for whose payment money has theretofore been
          deposited with the Trustee in trust or segregated and held in trust by
          the Company and thereafter repaid to the Company or discharged from
          such trust as provided in subparagraph 8.03 hereof have been delivered
          to the Trustee for cancellation; or

                (ii)  all such Notes not theretofore delivered to the Trustee
          for cancellation have become due and payable and the Company has
          deposited or caused to be deposited with the Trustee as trust funds in
          trust for the purpose an

                                       16

<PAGE>

          amount sufficient to pay and discharge the entire indebtedness
          evidenced by such Notes not theretofore delivered to the Trustee for
          cancellation, for principal and interest to the date of such deposit;

          (b)   the Company has paid or caused to be paid all other sums payable
     hereunder by the Company; and

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

     Notwithstanding the satisfaction and discharge of the Indenture with
respect to the Notes, the obligations of the Company to the Trustee under
Section 7.07 of the Base Indenture and, if money shall have been deposited with
the Trustee pursuant to subclause (ii) of clause (a) of this subparagraph 8.01,
the obligations of the Trustee under subparagraphs 8.02 and 8.03 hereof shall
survive.

          8.02. Application of Trust Money. Subject to the provisions of
subparagraph 8.03, all money deposited with the Trustee pursuant to subparagraph
8.01 shall be held in trust and applied by it, in accordance with the provisions
of the Notes and the Indenture, to the payment, either directly or through any
Paying Agent (including the Company acting as its own Paying Agent) as the
Trustee may determine, to the Persons entitled thereto, of the principal and
interest for whose payment such money has been deposited with the Trustee.

          8.03. Repayment to the Company. Any money deposited with the Trustee
or any Paying Agent, or then held by the Company, in trust for the making of
payments in respect of any Note and remaining unclaimed for two years after such
payment has become due shall be paid to the Company upon written request by the
Company, or (if then held by the Company) shall be discharged from such trust;
and the Holder of such Note shall thereafter, as an unsecured general creditor,
look only to the Company for payment thereof, and all liability of the Trustee
or such Paying Agent with respect to such trust money, and all liability of the
Company as trustee thereof, shall thereupon cease; provided, however, that the
Trustee or such Paying Agent, before being required to make any such repayment,
may at the expense of the Company cause to be published once, in a newspaper
published in the English language, customarily published on each Business Day
and of general circulation in The City of New York, notice that such money
remains unclaimed and that, after a date specified therein, which shall not be
less than 30 days from the date of such publication, any unclaimed balance of
such money then remaining shall be repaid to the Company.

     9.   Conversion. The Notes shall be convertible into shares of Common Stock
of the Company upon the following terms and conditions:

          9.01. Conversion Privilege.

     Subject to and upon compliance with the provisions of the Indenture, each
Holder shall have the right, at its option, at any time following the Issue Date
of the Notes hereunder through the close of business on the Business Day
immediately prior to the date of the Stated Maturity of the Notes (except that
with respect to any Notes or portion thereof which shall be called for

                                       17

<PAGE>

redemption, such right shall terminate except as provided in subparagraph 9.02
or 6.07 hereof, at the close of business on the Business Day next preceding the
date fixed for redemption of such Notes or portion thereof unless the Company
shall default in payment due upon redemption thereof) to convert the principal
amount of any such Notes, or any portion of such principal amount which is
$1,000 or an integral multiple thereof, into that number of fully paid and
non-assessable shares of Common Stock obtained by dividing the principal amount
of the Notes or portion thereof surrendered for conversion by the Conversion
Price in effect at such time, by surrender of the Notes so to be converted in
whole or in part, together with any required funds, in the manner provided in
subparagraph 9.02. A Holder of Notes is not entitled to any rights of a Holder
of Common Stock until such Holder has converted such Holder's Notes to Common
Stock, and only to the extent such Notes are deemed to have been converted to
Common Stock under this Paragraph 9. A Note with respect to which a Holder has
delivered a notice in accordance with subparagraph 7.03 hereof regarding such
Holder's election to require the Company to repurchase such Holder's Notes on a
Repurchase Date may be converted in accordance with this Paragraph 9 only if
such Holder withdraws such notice by delivering a written notice of withdrawal
to the Company prior to the close of business on the last Business Day prior to
such Repurchase Date.

          9.02. Exercise of Conversion Privilege; Issuance of Common Stock on
Conversion; No Adjustment for Interest or Dividends.

     In order to exercise the conversion privilege with respect to any Notes in
certificated form, the Holder of any such Notes to be converted in whole or in
part shall surrender such Notes, duly endorsed, at the office of the Conversion
Agent, accompanied by the funds, if any, required by the penultimate paragraph
of this subparagraph 9.02, and shall give written notice of conversion in the
form provided on the Notes (or such other notice which is acceptable to the
Company) (the "Conversion Notice") to the Conversion Agent that the Holder
elects to convert such Notes or the portion thereof specified in said notice.
Such notice shall also state the name or names (with address or addresses) in
which the certificate or certificates for shares of Common Stock which shall be
issuable on such conversion shall be issued, and shall be accompanied by
transfer taxes, if required pursuant to subparagraph 9.07. All such Notes
surrendered for conversion shall, unless the shares issuable on conversion are
to be issued in the same name as the registration of such Notes, be duly
endorsed by, or be accompanied by instruments of transfer in form satisfactory
to the Company duly executed by, the Holder or his duly authorized attorney.

     In order to exercise the conversion privilege with respect to any interest
in Notes in global form, the Holder must complete the appropriate instruction
form for conversion pursuant to the Depositary's book-entry conversion program,
furnish appropriate endorsements and transfer documents if required by the
Company or the Trustee or Conversion Agent, and pay the funds, if any, required
by this subparagraph 9.02 and any transfer taxes if required pursuant to
subparagraph 9.07.

     As promptly as practicable after satisfaction of the requirements for
conversion set forth above (but in no event later than 3 Business Days after
satisfaction of such requirements for conversion), subject to compliance with
any restrictions on transfer if shares issuable on conversion are to be issued
in a name other than that of the Holder (as if such transfer were a

                                       18

<PAGE>

transfer of the Notes (or portion thereof) so converted), the Company shall
issue and shall deliver to such Holder at the office of the Conversion Agent, a
certificate or certificates for the number of full shares of Common Stock
issuable upon the conversion of such Notes or portion thereof in accordance with
the provisions of this Paragraph 9 and a check or cash in respect of any
fractional interest in respect of a share of Common Stock arising upon such
conversion, as provided in subparagraph 9.03. In case any Notes of a
denomination greater than $1,000 shall be surrendered for partial conversion,
the Company shall execute and the Trustee shall authenticate and deliver to the
Holder of the Notes so surrendered, without charge to him, new Notes in
authorized denominations in an aggregate principal amount equal to the
unconverted portion of the surrendered Notes.

     Each conversion shall be deemed to have been effected as to any such Notes
(or portion thereof) on the date on which the requirements set forth above in
this subparagraph 9.02 have been satisfied as to such Notes (or portion
thereof), and the person in whose name any certificate or certificates for
shares of Common Stock shall be issuable upon such conversion shall be deemed to
have become on said date the Holder of record of the shares represented thereby;
provided, however, that in case of any such surrender on any date when the stock
transfer books of the Company shall be closed, the person or persons in whose
name the certificate or certificates for such shares are to be issued shall be
deemed to have become the record Holder thereof for all purposes on the next day
on which such stock transfer books are open, but such conversion shall be at the
Conversion Price in effect on the date upon which such Notes shall be
surrendered.

     Unless a Holder converts Notes on an Interest Payment Date and except as
described below, such Holder will not receive any accrued interest upon
conversion, and any accrued interest on such Notes shall be deemed to be
cancelled, extinguished and forfeited upon conversion. All Notes or portions
thereof surrendered for conversion during the period from the close of business
on the Regular Record Date for any Interest Payment Date to the close of
business on the Business Day next preceding the following Interest Payment Date
shall (unless such Notes or portion thereof being converted shall have been
called for redemption on a Redemption Date which occurs during the period from
the close of business on such Regular Record Date to the close of business on
the Business Day next preceding the following Interest Payment Date) be
accompanied by payment, in funds acceptable to the Company, of an amount equal
to the interest otherwise payable on such Interest Payment Date on the principal
amount being converted; provided, however, that no such payment need be made if
there shall exist at the time of conversion a default in the payment of interest
on the Notes. No payment or other adjustment shall be made for accrued dividends
on any shares issued upon the conversion of the Notes as provided in this
Paragraph 9.

     Upon the conversion of an interest in Global Securities, the Trustee (or
other Conversion Agent appointed by the Company) shall make a notation on such
Global Securities as to the reduction in the principal amount represented
thereby. The Company shall notify the Trustee in writing of any conversions of
Notes effected through any Conversion Agent other than the Trustee.

          9.03. Cash Payments in Lieu of Fractional Shares. The Company will not
issue fractional shares of Common Stock upon conversion of Notes. If multiple
Notes shall be

                                       19

<PAGE>

surrendered for conversion at one time by the same Holder, the number of full
shares which shall be issuable upon conversion shall be computed on the basis of
the aggregate principal amount of the Notes (or specified portions thereof to
the extent permitted hereby) so surrendered. If any fractional share of stock
would be issuable upon the conversion of any Notes, the Company shall make an
adjustment and payment therefor in cash at the current market value thereof to
the Holder of Notes. The current market value of a fraction of a share of Common
Stock shall be determined by multiplying the average of Closing Prices (as
defined in subparagraph 9.05(g)) of such Common Stock in the 5 Trading Days (as
defined in subparagraph 9.05(g)) before the date of conversion by such fraction
and rounding the product to the nearest whole cent.

          9.04. Conversion Price. The conversion price shall be as specified in
the Note (herein called the "Conversion Price"), subject to adjustment as
provided in this Paragraph 9.

          9.05. Adjustment of Conversion Price. The Conversion Price shall be
adjusted from time to time by the Company as follows:

          (a)   In case the Company shall hereafter pay a dividend or make a
     distribution to all Holders of the outstanding Common Stock in shares of
     Common Stock, the Conversion Price in effect at the opening of business on
     the date following the date fixed for the determination of stockholders
     entitled to receive such dividend or other distribution shall be reduced by
     multiplying such Conversion Price by a fraction, the numerator of which
     shall be the number of shares of Common Stock outstanding at the close of
     business on the date fixed for such determination and the denominator of
     which shall be the sum of such number of shares and the total number of
     shares constituting such dividend or other distribution, such reduction to
     become effective immediately after the opening of business on the day
     following the date fixed for such determination. If any dividend or
     distribution of the type described in this subparagraph 9.05(a) is declared
     but not so paid or made, the Conversion Price shall again be adjusted to
     the Conversion Price which would then be in effect if such dividend or
     distribution had not been declared.

          (b)   In case the Company shall issue rights or warrants to all
     Holders of its outstanding shares of Common Stock entitling them (for a
     period expiring within 45 days after the date fixed for determination of
     stockholders entitled to receive such rights or warrants) to subscribe for
     or purchase shares of Common Stock (or Notes convertible into Common Stock)
     at a price per share (or having a conversion price per share) less than the
     Current Market Price (as defined below) on the date fixed for determination
     of stockholders entitled to receive such rights or warrants, the Conversion
     Price shall be adjusted so that the same shall equal the price determined
     by multiplying the Conversion Price in effect immediately prior to the date
     fixed for determination of stockholders entitled to receive such rights or
     warrants by a fraction, the numerator of which shall be the number of
     shares of Common Stock outstanding at the close of business on the date
     fixed for determination of stockholders entitled to receive such rights or
     warrants plus the number of shares which the aggregate offering price of
     the total number of shares so offered would purchase at such Current Market
     Price (as defined below) (or the aggregate conversion price of the
     convertible securities so offered, which shall be determined by multiplying
     the number of shares of Common Stock issuable upon conversion of such

                                       20

<PAGE>

     convertible securities by the conversion price per share of Common Stock
     pursuant to the terms of such convertible securities), and the denominator
     of which shall be the number of shares of Common Stock outstanding on the
     date fixed for determination of stockholders entitled to receive such
     rights or warrants plus the total number of additional shares of Common
     Stock offered for subscription or purchase or into which convertible
     securities so offered are convertible; provided, however, the Company may,
     at its option and in lieu of the foregoing adjustment, elect to distribute
     or reserve for distribution the pro rata portion of such rights or warrants
     so that each Holder of Notes shall receive, or shall have the right to
     receive upon conversion, as the case may be, the amount of such rights or
     warrants that such Holder of Notes would have received if such Holder of
     Notes had converted such Notes on the date fixed for determination of
     stockholders to receive such rights or warrants. Such adjustment shall be
     successively made whenever any such rights or warrants are issued, and
     shall become effective immediately after the opening of business on the day
     following the date fixed for determination of stockholders entitled to
     receive such rights or warrants. To the extent that shares of Common Stock
     (or securities convertible into Common Stock) are not delivered, after the
     expiration of such rights or warrants the Conversion Price shall be
     readjusted to the Conversion Price which would then be in effect had the
     adjustments made upon the issuance of such rights or warrants been made on
     the basis of delivery of only the number of shares of Common Stock actually
     delivered (or the number of shares of Common Stock issuable upon conversion
     of convertible securities actually issued). In the event that such rights
     or warrants are not so issued, the Conversion Price shall again be adjusted
     to be the Conversion Price which would then be in effect if such date fixed
     for the determination of stockholders entitled to receive such rights or
     warrants had not been fixed. In determining whether any rights or warrants
     entitle the Holders to subscribe for or purchase shares of Common Stock at
     less than such Current Market Price, and in determining the aggregate
     offering price of such shares of Common Stock, there shall be taken into
     account any consideration received by the Company for such rights or
     warrants or to be received upon exercise of such rights or warrants, the
     value of such consideration, if other than cash, to be determined by the
     Board of Directors.

          (c)   In case outstanding shares of Common Stock shall be subdivided
     into a greater number of shares of Common Stock, the Conversion Price in
     effect at the opening of business on the day following the day upon which
     such subdivision becomes effective shall be proportionately reduced, and
     conversely, in case outstanding shares of Common Stock shall be combined
     into a smaller number of shares of Common Stock, the Conversion Price in
     effect at the opening of business on the day following the day upon which
     such combination becomes effective shall be proportionately increased, such
     reduction or increase, as the case may be, to become effective immediately
     after the opening of business on the day following the day upon which such
     subdivision or combination becomes effective.

          (d)   In case the Company shall, by dividend or otherwise, distribute
     to all Holders of its Common Stock shares of any class of capital stock of
     the Company (other than any dividends or distributions to which
     subparagraph 9.05(a) applies) or evidences of its indebtedness or assets
     (including securities, but excluding any rights or warrants referred to in
     subparagraph 9.05(b), and excluding any dividend or distribution (x) paid

                                       21

<PAGE>

     exclusively in cash or (y) referred to in subparagraph 9.05(a)) (any of the
     foregoing hereinafter in this subparagraph 9.05(d) called the "Distributed
     Securities"), then, in each such case, the Conversion Price shall be
     reduced so that the same shall be equal to the price determined by
     multiplying the Conversion Price in effect on the Record Date with respect
     to such distribution by a fraction, the numerator of which shall be the
     Current Market Price per share of the Common Stock on such Record Date less
     the fair market value (as determined by the Board of Directors, whose good
     faith determination shall be conclusive, and described in a resolution of
     the Board of Directors) on the Record Date of the portion of the
     Distributed Securities so distributed applicable to one share of Common
     Stock and the denominator of which shall be the Current Market Price per
     share of the Common Stock, such reduction to become effective immediately
     prior to the opening of business on the day following such Record Date. If
     the Board of Directors determines the fair market value of any distribution
     for purposes of this subparagraph 9.05(d) by reference to the actual or
     when issued trading market for any securities, it must in doing so consider
     the prices in such market over the same period used in computing the
     Current Market Price of the Common Stock.

          Each share of Common Stock issued upon conversion of Notes pursuant to
     this Paragraph 9 shall be entitled to receive the appropriate number of
     common stock or preferred stock purchase rights, if any, as may be provided
     by the terms of any stockholder rights plan adopted by the Company
     (notwithstanding the occurrence of an event causing such rights to separate
     from the Common Stock at or prior to the time of conversion). Any
     distribution of rights or warrants pursuant to a stockholder rights plan
     complying with the requirements set forth in the immediately preceding
     sentence of this paragraph shall not constitute a distribution of rights or
     warrants for the purposes of subparagraph 9.05(b) or this subparagraph
     9.05(d).

          Rights or warrants distributed by the Company to all Holders of Common
     Stock entitling the Holders thereof to subscribe for or purchase shares of
     the Company's capital stock (either initially or under certain
     circumstances), which rights or warrants, until the occurrence of a
     specified event or events ("Trigger Event"): (i) are deemed to be
     transferred with such shares of Common Stock; (ii) are not exercisable; and
     (iii) are also issued in respect of future issuances of Common Stock, shall
     be deemed not to have been distributed for purposes of this subparagraph
     9.05 (and no adjustment to the Conversion Price under this subparagraph
     9.05 will be required) until the occurrence of the earliest Trigger Event,
     whereupon such rights and warrants shall be deemed to have been distributed
     and an appropriate adjustment (if any is required) to the Conversion Price
     shall be made under this subparagraph 9.05(d). If any such right or
     warrant, including any such existing rights or warrants distributed prior
     to the date of the Indenture, are subject to events, upon the occurrence of
     which such rights or warrants become exercisable to purchase different
     securities, evidences of indebtedness or other assets, then the date of the
     occurrence of any and each such event shall be deemed to be the date of
     distribution and record date with respect to new rights or warrants with
     such rights (and a termination or expiration of the existing rights or
     warrants without exercise by any of the Holders thereof). In addition, in
     the event of any distribution (or deemed distribution) of rights or
     warrants, or any Trigger Event or other event (of the type described in the
     preceding sentence) with respect thereto that was counted for purposes of

                                       22

<PAGE>

     calculating a distribution amount for which an adjustment to the Conversion
     Price under this subparagraph 9.05 was made, (1) in the case of any such
     rights or warrants which shall all have been redeemed or repurchased
     without exercise by any Holders thereof, the Conversion Price shall be
     readjusted upon such final redemption or repurchase to give effect to such
     distribution or Trigger Event, as the case may be, as though it were a cash
     distribution, equal to the per share redemption or repurchase price
     received by a Holder or Holders of Common Stock with respect to such rights
     or warrants (assuming such Holder had retained such rights or warrants),
     made to all applicable Holders of Common Stock as of the date of such
     redemption or repurchase, and (2) in the case of such rights or warrants
     which shall have expired or been terminated without exercise by any Holders
     thereof, the Conversion Price shall be readjusted as if such rights and
     warrants had not been issued.

          For purposes of this subparagraph 9.05(d) and subparagraphs 9.05(a)
     and (b), any dividend or distribution to which this subparagraph 9.05(d) is
     applicable that also includes shares of Common Stock, or rights or warrants
     to subscribe for or purchase shares of Common Stock (or both), shall be
     deemed instead to be (1) a dividend or distribution of the evidences of
     indebtedness, assets or shares of capital stock other than such shares of
     Common Stock or rights or warrants (and any Conversion Price reduction
     required by this subparagraph 9.05(d) with respect to such dividend or
     distribution shall then be made) immediately followed by (2) a dividend or
     distribution of such shares of Common Stock or such rights or warrants (and
     any further Conversion Price reduction required by subparagraphs 9.05(a)
     and (b) with respect to such dividend or distribution shall then be made),
     except (A) the Record Date of such dividend or distribution shall be
     substituted as "the date fixed for the determination of stockholders
     entitled to receive such dividend or other distribution" and "the date
     fixed for such determination" within the meaning of subparagraphs 9.05(a)
     and (b) and (B) any shares of Common Stock included in such dividend or
     distribution shall not be deemed "outstanding at the close of business on
     the date fixed for such determination" within the meaning of subparagraph
     9.05(a).

          (e)   In case the Company shall, by dividend or otherwise, distribute
     to all Holders of its Common Stock cash (excluding any cash that is
     distributed upon a merger or consolidation to which subparagraph 9.06
     applies or as part of a distribution referred to in subparagraph 9.05(d)),
     in an aggregate amount that, combined together with (1) the aggregate
     amount of any other such distributions to all Holders of its Common Stock
     made exclusively in cash within the 12 months preceding the date of payment
     of such distribution, and in respect of which no adjustment pursuant to
     this subparagraph 9.05(e) has been made, and (2) the aggregate of any cash
     plus the fair market value (as determined by the Board of Directors, whose
     good faith determination shall be conclusive and described in a resolution
     of the Board of Directors) of consideration payable in respect of any
     tender offer by the Company or any of its subsidiaries for all or any
     portion of the Common Stock concluded within the 12 months preceding the
     date of payment of such distribution, and in respect of which no adjustment
     pursuant to subparagraph 9.05(f) has been made, exceeds 12.5% of the
     product of the Current Market Price on the Record Date with respect to such
     distribution times the number of shares of Common Stock outstanding on such
     date, then, and in each such case, immediately after

                                       23

<PAGE>

     the close of business on such date, the Conversion Price shall be reduced
     so that the same shall equal the price determined by multiplying the
     Conversion Price in effect immediately prior to the close of business on
     such Record Date by a fraction (i) the numerator of which shall be equal to
     the Current Market Price on the Record Date less an amount equal to the
     quotient of (x) the excess of such combined amount over such 12.5% and (y)
     the number of shares of Common Stock outstanding on the Record Date and
     (ii) the denominator of which shall be equal to the Current Market Price on
     such date; provided, however, that in the event the portion of the cash so
     distributed applicable to one share of Common Stock is equal to or greater
     than the Current Market Price of the Common Stock on the Record Date, in
     lieu of the foregoing adjustment, adequate provision shall be made so that
     each Noteholder shall have the right to receive upon conversion of a Note
     (or any portion thereof) the amount of cash such Holder would have received
     had such Holder converted such Note (or portion thereof) immediately prior
     to such Record Date. In the event that such dividend or distribution is not
     so paid or made, the Conversion Price shall again be adjusted to be the
     Conversion Price which would then be in effect if such dividend or
     distribution had not been declared. Any cash distribution to all Holders of
     Common Stock as to which the Company makes the election permitted by
     subparagraph 9.05(m) and as to which the Company has complied with the
     requirements of such subparagraph shall be treated as not having been made
     for all purposes of this subparagraph 9.05(e)).

          (f)    In case a tender offer made by the Company or any of its
     subsidiaries for all or any portion of the Common Stock shall expire and
     such tender offer (as amended upon the expiration thereof) shall require
     the payment to stockholders (based on the acceptance (up to any maximum
     specified in the terms of the tender offer) of Purchased Shares (as defined
     below)) of an aggregate consideration having a fair market value (as
     determined by the Board of Directors, whose good faith determination shall
     be conclusive and described in a resolution of the Board of Directors) that
     combined together with (1) the aggregate of the cash plus the fair market
     value (as determined by the Board of Directors, whose good faith
     determination shall be conclusive and described in a resolution of the
     Board of Directors), as of the expiration of such tender offer, of
     consideration payable in respect of any other tender offers, by the Company
     or any of its subsidiaries for all or any portion of the Common Stock
     expiring within the 12 months preceding the expiration of such tender offer
     and in respect of which no adjustment pursuant to this subparagraph 9.05(f)
     has been made and (2) the aggregate amount of any distributions to all
     Holders of the Common Stock made exclusively in cash within 12 months
     preceding the expiration of such tender offer and in respect of which no
     adjustment pursuant to subparagraph 9.05(e) has been made, exceeds 12.5% of
     the product of the Current Market Price as of the last time (the
     "Expiration Time") tenders could have been made pursuant to such tender
     offer (as it may be amended) times the number of shares of Common Stock
     outstanding (including any tendered shares) at the Expiration Time, then,
     and in each such case, immediately prior to the opening of business on the
     day after the date of the Expiration Time, the Conversion Price shall be
     reduced so that the same shall equal the price determined by multiplying
     the Conversion Price in effect immediately prior to close of business on
     the date of the Expiration Time by a fraction of which the numerator shall
     be the number of shares of Common Stock outstanding (including any tendered
     shares) at the Expiration Time multiplied by the

                                       24

<PAGE>

     Current Market Price of the Common Stock on the Trading Day next succeeding
     the Expiration Time and the denominator shall be the sum of (x) the fair
     market value (determined as aforesaid) of the aggregate consideration
     payable to stockholders based on the acceptance (up to any maximum
     specified in the terms of the tender offer) of all shares validly tendered
     and not withdrawn as of the Expiration Time (the shares deemed so accepted,
     up to any such maximum, being referred to as the "Purchased Shares") and
     (y) the product of the number of shares of Common Stock outstanding (less
     any Purchased Shares) at the Expiration Time and the Current Market Price
     of the Common Stock on the Trading Day next succeeding the Expiration Time,
     such reduction (if any) to become effective immediately prior to the
     opening of business on the day following the Expiration Time. In the event
     that the Company is obligated to purchase shares pursuant to any such
     tender offer, but the Company is permanently prevented by applicable law
     from effecting any such purchases or all such purchases are rescinded, the
     Conversion Price shall again be adjusted to be the Conversion Price which
     would then be in effect if such tender offer had not been made. If the
     application of this subparagraph 9.05(f) to any tender offer would result
     in an increase in the Conversion Price, no adjustment shall be made for
     such tender offer under this subparagraph 9.05(f). Any cash distribution to
     all Holders of Common Stock as to which the Company has made the election
     permitted by subparagraph 9.05(m) and as to which the Company has complied
     with the requirements of such subparagraph shall be treated as not having
     been made for all purposes of this subparagraph 9.05(f).

          (g)  For purposes of this subparagraph 9.05, the following terms
     shall have the meaning indicated:

               (1)  "Closing Price" with respect to any securities on any day
          shall mean the closing sale price, regular way, on such day or, in
          case no such sale takes place on such day, the average of the reported
          closing bid and asked prices, regular way, in each case on the
          principal national securities exchange or quotation system on which
          such security is quoted or listed or admitted to trading, or, if not
          quoted or listed or admitted to trading on any national securities
          exchange or quotation system, the average of the closing bid and asked
          prices of such security on the over-the-counter market on the day in
          question as reported by the National Quotation Bureau Incorporated, or
          a similar generally accepted reporting service, or if not so
          available, in such manner as furnished by any New York Stock Exchange
          member firm selected from time to time by the Board of Directors for
          that purpose, or a price determined in good faith by the Board of
          Directors whose determination shall be conclusive.

               (2)  "Current Market Price" shall, for the purposes of any
          computation under subparagraphs 9.05 (b), (d), (e) and (f) above
          relating to the current market price per share of Common Stock at a
          specified date, mean the average of the Closing Prices for the 10
          consecutive Trading Days (as defined below) preceding the day before
          the record date (or, if earlier, the ex-dividend date) with respect to
          any distribution, issuance or other event requiring such computation.

                                       25

<PAGE>

                        (3) "fair market value" shall mean the amount which a
                  willing buyer would pay a willing seller in an arm's length
                  transaction.

                        (4) "Record Date" shall mean, with respect to any
                  dividend, distribution or other transaction or event in which
                  the Holders of Common Stock have the right to receive any
                  cash, securities or other property or in which the Common
                  Stock (or other applicable security) is exchanged for or
                  converted into any combination of cash, securities or other
                  property, the date fixed for determination of stockholders
                  entitled to receive such cash, securities or other property
                  (whether such date is fixed by the Board of Directors or by
                  statute, contract or otherwise).

                        (5) "Trading Day" shall mean (x) if the applicable
                  security is quoted on the Nasdaq National Market System, a day
                  on which trades may be made on thereon or (y) if the
                  applicable security is listed or admitted for trading on the
                  New York Stock Exchange or another national security exchange,
                  a day on which the New York Stock Exchange or such other
                  national security exchange is open for business or (z) if the
                  applicable security is not so listed, admitted for trading or
                  quoted, any day other than a Saturday or Sunday or a day on
                  which banking institutions in the State of New York are
                  authorized or obligated by law or executive order to close.

                  (h)   The Company may make such reductions in the Conversion
         Price, in addition to those required by subparagraphs 9.05(a), (b),
         (c), (d), (e) or (f), as the Board of Directors considers to be
         advisable to avoid or diminish any income tax to Holders of Common
         Stock or rights to purchase Common Stock resulting from any dividend or
         distribution of stock (or rights to acquire stock) or from any event
         treated as such for income tax purposes.

                  To the extent permitted by applicable law, the Company from
         time to time may reduce the Conversion Price by any amount for any
         period of time if the period is at least 20 days, the reduction is
         irrevocable during the period and the Board of Directors shall have
         made a determination that such reduction would be in the best interests
         of the Company, which determination shall be conclusive. Whenever the
         Conversion Price is reduced pursuant to the preceding sentence, the
         Company shall mail to Holders of record of the Notes a notice of the
         reduction at least 15 days prior to the date the reduced Conversion
         Price takes effect, and such notice shall state the reduced Conversion
         Price and the period during which it will be in effect.

                  (i)   No adjustment in the Conversion Price shall be required
         unless such adjustment would require an increase or decrease of at
         least 1% in such price; provided, however, that any adjustments which
         by reason of this subparagraph 9.05(i) are not required to be made
         shall be carried forward and taken into account in any subsequent
         adjustment. All calculations under this Paragraph 9 shall be made by
         the Company and shall be made to the nearest cent or to the nearest
         one-hundredth of a share, as the case may be. No adjustment need be
         made for rights to purchase Common Stock pursuant to a Company plan for
         reinvestment of dividends or interest. To the extent the Notes become

                                       26

<PAGE>

         convertible into cash, assets, property or securities (other than
         capital stock of the Company), no adjustment need be made thereafter as
         to the cash, assets, property or such Notes. Interest will not accrue
         on the cash.

               (j)   Whenever the Conversion Price is adjusted as herein
         provided, the Company shall promptly file with the Conversion Agent an
         Officers' Certificate setting forth the Conversion Price after such
         adjustment and setting forth a brief statement of the facts requiring
         such adjustment. Unless and until a Trust Officer of the Trustee shall
         have received such Officers' Certificate, the Trustee shall not be
         deemed to have knowledge of any adjustment of the Conversion Price and
         may assume without inquiry that the last Conversion Price of which it
         has knowledge is still in effect. Promptly after delivery of such
         certificate, the Company shall prepare a notice of such adjustment of
         the Conversion Price setting forth the adjusted Conversion Price and
         the date on which each adjustment becomes effective and shall mail such
         notice of such adjustment of the Conversion Price to each Holder of
         Notes at such Holder's last address appearing on the list of
         Securityholders provided for in Section 2.05 of the Base Indenture,
         within 20 days after execution thereof. Failure to deliver such notice
         shall not affect the legality or validity of any such adjustment.

               (k)   In any case in which this subparagraph 9.05 provides that
         an adjustment shall become effective immediately after a Record Date
         for an event, the Company may defer until the occurrence of such event
         (i) issuing to the Holder of any Notes converted after such Record Date
         and before the occurrence of such event the additional shares of Common
         Stock issuable upon such conversion by reason of the adjustment
         required by such event over and above the Common Stock issuable upon
         such conversion before giving effect to such adjustment and (ii) paying
         to such Holder any amount in cash in lieu of any fraction pursuant to
         subparagraph 9.03.

               (l)   For purposes of this subparagraph 9.05, the number of
         shares of Common Stock at any time outstanding shall not include shares
         held in the treasury of the Company but shall include shares issuable
         in respect of scrip certificates issued in lieu of fractions of shares
         of Common Stock. The Company will not pay any dividend or make any
         distribution on shares of Common Stock held in the treasury of the
         Company.

               (m)   In lieu of making any adjustment to the Conversion Price
         pursuant to subparagraph 9.05(e) or 9.05(f), the Company may elect to
         reserve an amount of cash for distribution to the Holders of the Notes
         upon the conversion of the Notes so that any such Holder converting
         Notes will receive upon such conversion, in addition to the shares of
         Common Stock and other items to which such Holder is entitled, the full
         amount of cash which such Holder would have received if such Holder
         had, immediately prior to the Record Date for such distribution of cash
         or the Expiration Time of the tender offer, as the case may be,
         converted its Notes into Common Stock, together with any interest
         accrued with respect to such amount, in accordance with this
         subparagraph 9.05(m). The Company may make such election by providing
         an Officers' Certificate to the Trustee to such effect on or prior to
         the payment date for any such distribution and depositing with the
         Trustee on or prior to such date an amount of cash equal to the
         aggregate amount the Holders of the Notes would have received if such
         Holders had, immediately prior to the

                                       27

<PAGE>

         Record Date for such distribution or the Expiration Time, as the case
         may be, converted all of the Notes into Common Stock. Any such funds so
         deposited by the Company with the Trustee shall be invested by the
         Trustee pursuant to written direction by the Company in marketable
         obligations issued or fully guaranteed by the United States government
         with a maturity not more than 3 months from the date of issuance. Upon
         conversion of Notes by a Holder, the Holder will be entitled to
         receive, in addition to the Common Stock issuable upon conversion, an
         amount of cash equal to the amount such Holder would have received if
         such Holder had, immediately prior to the Record Date for such
         distribution or the Expiration Time, as the case may be, converted its
         Note into Common Stock, along with such Holder's pro rata share of any
         accrued interest earned as a consequence of the investment of such
         funds. Promptly after making an election pursuant to this subparagraph
         9.05(m), the Company shall give or shall cause to be given notice to
         all Noteholders of such election, which notice shall state the amount
         of cash per $1,000 principal amount of Notes such Holders shall be
         entitled to receive (excluding interest) upon conversion of the Notes
         as a consequence of the Company having made such election.

               9.06. Effect of Reclassification, Consolidation, Merger or Sale.
If any of the following events occur, namely (i) any reclassification or change
of shares of Common Stock issuable upon conversion of the Notes (other than a
change in par value, or from par value to no par value, or from no par value to
par value, or as a result of a subdivision or combination, or any other change
for which an adjustment is provided in subparagraph 9.05(c)), (ii) any
consolidation or merger or combination to which the Company is a party other
than a merger in which the Company is the continuing corporation and which does
not result in any reclassification of, or change (other than in par value, or
from par value to no par value, or from no par value to par value, or as a
result of a subdivision or combination) in outstanding shares of Common Stock,
or (iii) any sale or conveyance of all or substantially all of the properties
and assets of the Company to any other person as a result of which holders of
Common Stock shall be entitled to receive stock, securities or other property or
assets (including cash) with respect to or in exchange for such Common Stock,
then the Company or the successor or purchasing person, as the case may be,
shall execute with the Trustee a supplemental indenture (which shall comply with
the TIA as in force at the date of execution of such supplemental indenture)
providing that such Notes shall be convertible into the kind and amount of
shares of stock, securities or other property or assets (including cash)
receivable upon such reclassification, change, consolidation, merger,
combination, sale or conveyance by a holder of a number of shares of Common
Stock issuable upon conversion of such Notes (assuming, for such purposes, a
sufficient number of authorized shares of Common Stock available to convert all
such Notes) immediately prior to such reclassification, change, consolidation,
merger, combination, sale or conveyance, assuming such holder of Common Stock
did not exercise his rights of election, if any, as to the kind or amount of
securities, cash or other property receivable upon such reclassification,
change, consolidation, merger, combination, sale or conveyance (provided that,
if the kind or amount of stock, securities or other property or assets
(including cash) receivable upon such reclassification, change, consolidation,
merger, combination, sale or conveyance is not the same for each share of Common
Stock in respect of which such rights of election shall not have been exercised
("non-electing share"), then for the purposes of this subparagraph 9.06, the
kind and amount of securities, cash or other property receivable upon such
reclassification, change, consolidation, merger, combination, sale or conveyance
for each non-electing share shall be deemed to be the

                                       28

<PAGE>

kind and amount so receivable per share by a plurality of the non-electing
shares). Such supplemental indenture shall provide for adjustments which shall
be as nearly equivalent as may be practicable to the adjustments provided for in
this Paragraph 9. The above provisions of this subparagraph shall similarly
apply to successive reclassifications, changes, consolidations, mergers,
combinations, sales and conveyances. If this subparagraph 9.06 applies to any
event or occurrence, subparagraph 9.05 shall not apply.

               9.07. Taxes on Shares Issued. The issue of stock certificates on
conversions of Notes shall be made without charge to the converting Holder for
any documentary, transfer, stamp or any similar tax in respect of the issue
thereof. The Company shall not, however, be required to pay any such tax which
may be payable in respect of any transfer involved in the issue and delivery of
stock in any name other than that of the Holder of any Notes converted, and the
Company shall not be required to issue or deliver any such stock certificate
unless and until the person or persons requesting the issue thereof shall have
paid to the Company the amount of such tax or shall have established to the
satisfaction of the Company that such tax has been paid.

               9.08. Reservation of Shares; Shares to be Fully Paid; Compliance
with Governmental Requirements; Listing of Common Stock. The Company shall
provide, free from preemptive rights, out of its authorized but unissued shares
or shares held in treasury, sufficient shares of Common Stock to provide for the
conversion of the Notes from time to time as such Notes are presented for
conversion.

         Before taking any action which would cause an adjustment reducing the
Conversion Price below the then par value, if any, of the shares of Common Stock
issuable upon conversion of the Notes, the Company will take all corporate
action which may, in the opinion of its counsel, be necessary in order that the
Company may validly and legally issue shares of such Common Stock at such
adjusted Conversion Price.

         The Company covenants that all shares of Common Stock which may be
issued upon conversion of Notes shall be newly issued shares or Treasury shares,
shall be duly authorized, validly issued, fully paid and non-assessable and
shall be free from preemptive rights and free from any lien or adverse claim.

         The Company shall use its reasonable efforts to list or cause to have
quoted any shares of Common Stock to be issued upon conversion of Notes on each
national securities exchange or over-the-counter or other domestic market on
which the Common Stock is then listed or quoted.

               9.09. Responsibility of Trustee. The Trustee and any other
Conversion Agent shall not at any time be under any duty or responsibility to
any Holder of Notes to determine the Conversion Price or whether any facts exist
which may require any adjustment of the Conversion Price, or with respect to the
nature or extent or calculation of any such adjustment when made, or with
respect to the method employed, or herein or in any supplemental indenture
provided to be employed, in making the same. The Trustee and any other
Conversion Agent shall not be accountable with respect to the validity or value
(or the kind or amount) of any shares of Common Stock, or of any securities or
property, which may at any time be issued or delivered upon the conversion of
any Notes; and the Trustee and any other Conversion Agent make no
representations with respect thereto. Neither the Trustee nor any Conversion
Agent shall be

                                       29

<PAGE>

responsible for any failure of the Company to issue, transfer or deliver any
shares of Common Stock or stock certificates or other securities or property or
cash upon the surrender of any Notes for the purpose of conversion or to comply
with any of the duties, responsibilities or covenants of the Company contained
in this Paragraph 9. Without limiting the generality of the foregoing, neither
the Trustee nor any Conversion Agent shall be under any responsibility to
determine the correctness of any provisions contained in any supplemental
indenture entered into pursuant to subparagraph 9.06 relating either to the kind
or amount of shares of stock or securities or property (including cash)
receivable by Holders upon the conversion of their Notes after any event
referred to in such subparagraph 9.06 or to any adjustment to be made with
respect thereto, but, subject to the provisions of Section 6.01 of the Base
Indenture, may accept as conclusive evidence of the correctness of any such
provisions, and shall be protected in relying upon, the Officers' Certificate
(which the Company shall be obligated to file with the Trustee prior to the
execution of any such supplemental indenture) with respect thereto.

               9.10. Notice to Holders Prior to Certain Actions. In case,

                    (i) the Company shall declare a dividend (or any other
               distribution) on its Common Stock that would require an
               adjustment in the Conversion Price pursuant to subparagraph 9.05;
               or

                    (ii) the Company shall authorize the granting to the holders
               of all or substantially all of its Common Stock of rights or
               warrants to subscribe for or purchase any share of any class or
               any other rights or warrants; or

                    (iii) of any reclassification or reorganization of the
               Common Stock of the Company (other than a subdivision or
               combination of its outstanding Common Stock, or a change in par
               value, or from par value to no par value, or from no par value to
               par value), or of any consolidation or merger to which the
               Company is a party and for which approval of any stockholders of
               the Company is required, or of the sale or transfer of all or
               substantially all of the assets of the Company or any of its
               significant subsidiaries; or

                    (iv) of the voluntary or involuntary dissolution,
               liquidation or winding up of the Company or any of its
               significant subsidiaries;

the Company shall cause to be filed with the Trustee and to be mailed to each
Holder of Notes at such Holder's address appearing on the list of
Securityholders provided for in Section 2.05 of the Base Indenture, as promptly
as practicable but in any event at least 15 days prior to the applicable date
hereinafter specified, a notice stating (x) the date on which a record is to be
taken for the purpose of such dividend, distribution or rights or warrants, or,
if a record is not to be taken, the date as of which the holders of Common Stock
of record to be entitled to such dividend, distribution or rights are to be
determined, or (y) the date on which such reclassification, consolidation,
merger, sale, transfer, dissolution, liquidation or winding up is expected to
become effective or occur, and the date as of which it is expected that holders
of Common Stock of record shall be entitled to exchange their Common Stock for
Notes or other property deliverable upon such reclassification, consolidation,
merger, sale, transfer, dissolution, liquidation or winding up. Failure to give
such notice, or any defect therein, shall not affect the

                                       30

<PAGE>

legality or validity of such dividend, distribution, reclassification,
consolidation, merger, sale, transfer, dissolution, liquidation or winding up.

         10. Certain Definitions. In addition to the definitions set forth in
Article 1 of the Base Indenture, the following defined terms are used herein
which, in the event of a conflict with the definition of terms in the Base
Indenture, shall control:

         "Agent Members" has the meaning specified in subparagraph 3.01.

         "Base Indenture" has the meaning specified in the first paragraph of
this instrument.

         "Business Day" means any day other than a Saturday, a Sunday or a day
on which banking institutions in The City of New York are authorized or
obligated by law, or executive order or governmental decree to be closed.

         "Capital Stock" means any and all shares, interests, participations,
rights or other equivalents (however designated) of corporate stock, including,
without limitation, with respect to partnerships, partnership interests (whether
general or limited) and any other interest or participation that confers on a
Person the right to receive a share of the profits and losses of, or
distributions of assets of, such partnership.

         "Change of Control" has the meaning specified in subparagraph 7.01.

         "Closing Price" has the meaning specified in subparagraph 9.05.

         "Common Stock" means the shares of Common Stock, par value $.01 per
share, of the Company as it exists on the date hereof or any other shares of
Capital Stock of the Company into which the Common Stock shall be reclassified
or changed.

         "Company" means the Person named as the "Company" in the first
paragraph of this instrument until a successor Person shall have become such
pursuant to the applicable provisions of the Indenture, and thereafter "Company"
shall mean such successor Person.

         "Company Notice" has the meaning specified in subparagraph 7.03.

         "Continuing Director" means, at any date, a member of the Company's
Board of Directors (i) who was a member of such board on November 19, 2002 or
(ii) who was nominated or elected by at least a majority of the directors who
were Continuing Directors at the time of such nomination or election or whose
election to the Company's Board of Directors was recommended or endorsed by at
least a majority of the directors who were Continuing Directors at the time of
such nomination or election or such lesser number comprising a majority of a
nominating committee comprised of independent directors if authority for such
nominations or elections has been delegated to a nominating committee whose
authority and composition have been approved by at least a majority of the
directors who were Continuing Directors at the time such committee was formed.
(Under this definition, if the Board of Directors of the Company as of the date
hereof were to approve a new director or directors and then resign, no Change in
Control would occur even though the current Board of Directors would thereafter
cease to be in office).

                                       31

<PAGE>

         "Conversion Agent" means the Trustee or such other office or agency
designated by the Company where Notes may be presented for conversion.

         "Conversion Notice" has the meaning specified in subparagraph 9.02.

         "Conversion Price" has the meaning specified in the Notes.

         "Corporate Trust Office" means the office of the Trustee at which the
corporate trust business of the Trustee shall, at any particular time, be
principally administered, which office is located at 101 Barclay Street, New
York, New York 10286, Attention: Corporate Trust Administration.

         "corporation" means a corporation, association, company, joint-stock
company or business trust.

         "Current Market Price" has the meaning specified in subparagraph 9.05.

         "Defaulted Interest" has the meaning specified in subparagraph 2.02.

         "Depositary" has the meaning specified in subparagraph 1(d).

         "Distributed Securities" has the meaning specified in subparagraph
9.05.

         "Equity Interests" means Capital Stock and all warrants, options or
other rights to acquire Capital Stock (but excluding any debt security that is
convertible into, or exchangeable for, Capital Stock).

         "Expiration Time" has the meaning specified in subparagraph 9.05.

         "fair market value" has the meaning specified in subparagraph 9.05.

         "Fundamental Change" has the meaning specified in subparagraph 7.01.

         "Indenture" has the meaning specified in the first paragraph of this
instrument.

         "Interest Payment Date" has the meaning specified in subparagraph 1(e).

         "Issue Date" means the date the Notes are originally issued as set
forth on the face of the Notes.

         "Maturity", when used with respect to any Note, means the date on which
the principal or Repurchase Price of such Note becomes due and payable, whether
at the Stated Maturity, Redemption Date or Repurchase Date, or by declaration of
acceleration or otherwise.

         "non-electing share" has the meaning specified in subparagraph 9.06.

         "Notes" has the meaning specified in Paragraph 1.

                                       32

<PAGE>

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

                      (i)   Notes theretofore cancelled by the Trustee or
                  delivered to the Trustee for cancellation;

                      (ii)  Notes, or portions thereof, for whose payment or
                  redemption money in the necessary amount has been theretofore
                  deposited with the Trustee or any Paying Agent (other than the
                  Company) in trust or set aside and segregated in trust by the
                  Company (if the Company shall act as its own Paying Agent) for
                  the Holders of such Notes; provided that if such Notes are to
                  be redeemed prior to the maturity thereof, notice of such
                  redemption shall have been given to the Holders as herein
                  provided, or provision satisfactory to a Trust Officer of the
                  Trustee shall have been made for giving such notice; and

                      (iii) Notes which have been paid or in exchange for or in
                  lieu of which other Notes have been authenticated and
                  delivered pursuant to the Indenture, other than any such Notes
                  in respect of which there shall have been presented to the
                  Trustee proof satisfactory to it that such Notes are held by a
                  protected purchaser in whose hands such Notes are valid
                  obligations of the Company;

provided, however, that, in determining whether the Holders of the requisite
principal amount of the Outstanding Notes have given any request, demand,
authorization, direction, notice, consent or waiver hereunder, Notes owned by
the Company or any other obligor upon the Notes or any Affiliate of the Company
or of such other obligor shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in relying
upon any such request, demand, authorization, direction, notice, consent or
waiver, only Notes which a Trust Officer of the Trustee actually knows to be so
owned shall be so disregarded. Notes so owned which have been pledged in good
faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee the pledgee's right so to act with respect to such
Notes and that the pledgee is not the Company or any other obligor upon the
Notes or any Affiliate of the Company or of such other obligor.

         "Physical Securities" means permanent certificated Notes in registered
form issued in denomination of $1,000 principal amount and integral multiples
thereof.

         "Purchased Shares" has the meaning specified in subparagraph 9.05.

         "Purchase Price" has the meaning specified in the Notes.

         "Record Date" has the meaning specified in subparagraph 9.05.

         "Redemption Date" shall mean the date specified for redemption of the
Notes in accordance with the terms of the Notes and Paragraph 6 hereof.

         "Redemption Price" has the meaning specified in the Notes.

         "Regular Record Date" has the meaning specified in subparagraph 1(e).

                                       33

<PAGE>

         "Repurchase Date" has the meaning specified in subparagraph 7.01.

         "Repurchase Notice" has the meaning specified in subparagraph 7.01.

         "Repurchase Price" has the meaning specified in the Notes.

         "Resolutions" has the meaning specified in the first paragraph of this
instrument.

         "significant subsidiary" has the meaning specified in subparagraph
4.01.

         "Special Record Date" has the meaning specified in subparagraph 2.02.

         "Stated Maturity," when used with respect to any Note, means the date
specified in such Note as the fixed date on which an amount equal to the
principal amount of such Note together with accrued and unpaid interest, if any,
is due and payable.

         "Trading Day" has the meaning specified in subparagraph 9.05.

         "Trigger Event" has the meaning specified in subparagraph 9.05.

         "Trustee" means the Person named as the "Trustee" in the first
paragraph of this instrument until a successor Trustee shall have become such
pursuant to the applicable provisions of the Indenture, and thereafter "Trustee"
shall mean such successor Trustee.

         "Underwriting Agreement" has the meaning specified in subparagraph
1(a).

         "Voting Stock" has the meaning specified in subparagraph 7.01.

         11. Each of the undersigned is authorized to approve the form, terms
and conditions of the Notes pursuant to the Resolutions.

         12. Attached hereto as Annex C is a true and correct copy of the
Resolutions.

         13. Attached hereto as Annex D are true and correct copies of the
letter addressed to the Trustee entitling the Trustee to rely on the Opinion of
Counsel attached thereto, which Opinion relates to the Notes and complies with
Section 7.04(b) of the Base Indenture.

         14. Each of the undersigned has reviewed the provisions of the
Indenture, including the covenants and conditions precedent pertaining to the
issuance of the Notes.

         15. In connection with this certificate each of the undersigned has
examined documents, corporate records and certificates and has spoken with other
officers of the Company.

         16. Each of the undersigned has made such examination and investigation
as is necessary to enable him to express an informed opinion as to whether or
not the covenants and conditions precedent of the Indenture pertaining to the
issuance of the Notes have been satisfied.

                                       34

<PAGE>

         17. In our opinion all of the covenants and conditions precedent
provided for in the Indenture for the issuance of the Notes have been satisfied.

         18. If and to the extent that any provision of this certificate
qualifies or conflicts with any provision of the Indenture, the provisions of
this certificate shall control.

         Capitalized terms used herein that are not otherwise defined shall have
the meanings ascribed thereto in the Indenture or the Notes, as the case may be.

                                       35

<PAGE>

         IN WITNESS WHEREOF, each of the undersigned officers has executed this
certificate this 25/th/ day of November 2002.

                                       /s/ Robert J. Rivet
                                       ----------------------------------------
                                       Robert J. Rivet
                                       Senior Vice President, Chief Financial
                                       Officer

                                       /s/ Thomas M. McCoy
                                       ----------------------------------------
                                       Thomas M. McCoy
                                       Senior Vice President, General Counsel
                                       and Secretary

                                       36

<PAGE>

                                                                         Annex A

                                  Form of Note

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

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY ("DTC"), A NEW YORK CORPORATION, TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

                          ADVANCED MICRO DEVICES, INC.

                     4.50% Convertible Senior Notes Due 2007

No. [  ]                    CUSIP NO.  007903 AF 4          U.S. $[__________]

     Advanced Micro Devices, Inc., a corporation duly organized and validly
existing under the laws of the State of Delaware (herein called the "Company"),
which term includes any successor corporation under the Indenture referred to on
the reverse hereof), for value received hereby promises to pay to Cede & Co., or
registered assigns, the principal sum of [        ] United States Dollars
($[       ]) (which amount may from time to time be increased or decreased by
adjustments made on the records of the Trustee, as custodian for the Depositary,
in accordance with the rules and procedures of the Depositary) on December 1,
2007 and to pay interest on said principal sum semi-annually on June 1 and
December 1 of each year, commencing June 1, 2003 at the initial rate of 4.50%
per annum to holders of record on the immediately preceding May 15 and November
15, respectively, except as otherwise set forth in the Indenture. Interest on
this Note shall accrue from the most recent date to which interest has been
paid, or if no interest has been paid, from November 25, 2002, until the
Principal is paid or duly made available for payment. Except as otherwise
provided in the Indenture, the interest payable on this Note pursuant to the
Indenture on any June 1 or December 1 will be paid to the Person in whose name
this Note is registered at the close of business on the Regular Record Date,
which shall be the May 15 or November 15 (whether or not a Business Day) next
preceding such June 1 or December 1 respectively; provided that, any such
interest not

<PAGE>

punctually paid or duly provided for shall be payable as provided in the
Indenture. Payment of the principal of and interest accrued on this Note shall
be made by check mailed to the address of the Holder of this Note specified in
the register of Securities, or, at the option of the Holder of this Note, at the
Corporate Trust Office, in such lawful money of the United States of America as
at the time of payment shall be legal tender for the payment of public and
private debts; provided, however, that, with respect to any Holder of Notes with
an aggregate principal amount in excess of $5,000,000, at the request of such
Holder in writing to the Company, interest on such Holder's Notes shall be paid
by wire transfer in immediately available funds in accordance with the written
wire transfer instruction supplied by such Holder from time to time to the
Trustee and Paying Agent (if different from the Trustee) at least two days prior
to the applicable Regular Record Date; provided, further, that any payment to
the Depositary or its nominee shall be paid by wire transfer in immediately
available funds in accordance with the wire transfer instruction supplied by the
Depositary or its nominee from time to time to the Trustee and Paying Agent (if
different from Trustee) at least two days prior to the applicable Regular Record
Date.

     Reference is made to the further provisions of this Note set forth on the
reverse hereof, including, without limitation, provisions giving the Company the
right to redeem this Note under certain circumstances and the Holder of this
Note the right to convert this Note into Common Stock of the Company and the
right to require the Company to repurchase this Note upon certain events on the
terms and subject to the limitations referred to on the reverse hereof and as
more fully specified in the Indenture. Such further provisions shall for all
purposes have the same effect as though fully set forth at this place.

     This Note shall be deemed to be a contract made under the laws of the State
of New York, and for all purposes shall be construed in accordance with and
governed by the laws of said State.

     This Note shall not be valid or become obligatory for any purpose until the
certificate of authentication hereon shall have been manually signed by the
Trustee or a duly authorized authenticating agent under the Indenture.

                                       2

<PAGE>

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

                                        ADVANCED MICRO DEVICES, INC.

                                        By: _____________________________
                                              Authorized Signatory

Attest:

By: _________________________
      Authorized Signatory

                                       3

<PAGE>

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

Dated: ______________________           THE BANK OF NEW YORK, as Trustee

                                        By: ___________________________________
                                              Authorized Signatory

                                        4

<PAGE>

                             Form of Reverse of Note

     This Note is one of a duly authorized issue of Securities of the Company,
designated as its 4.50% Convertible Senior Notes Due 2007 (herein called the
"Notes"), all issued or to be issued under and pursuant to an Indenture dated as
of November 25, 2002 (as supplemented by an officers' certificate dated as of
November 25, 2002, the "Indenture"), between the Company and the Bank of New
York (herein called the "Trustee"), to which Indenture and all indentures
supplemental thereto reference is hereby made for a description of the rights,
limitations of rights, obligations, duties and immunities thereunder of the
Trustee, the Company and the Holders of the Notes.

     The indebtedness evidenced by the Notes is unsecured and unsubordinated
indebtedness of the Company and ranks equally with the Company's other unsecured
and unsubordinated indebtedness.

     No sinking fund is provided for the Notes.

     Redemption at the Option of the Company. The Notes are redeemable as a
whole, or from time to time in part, at any time after December 4, 2005 at the
option of the Company, if the last reported sale price of the Company's Common
Stock is at least 150% of the then effective Conversion Price for at least 20
Trading Days within a period of 30 consecutive Trading Days ending within five
Trading Days of the date of Redemption Notice, at the following redemption
prices (each, a "Redemption Price"), expressed as a percentage of principal
amount for Notes redeemed during the periods set forth below:

                                                                    Redemption
     Period                                                           Price
     -------------------------------------------------------      --------------
     Beginning on December 4, 2005 through November 30, 2006         101.8%
     Beginning on December 1, 2006 through November 30, 2007         100.9%
     At December 1, 2007                                             100.0%

in each case together with accrued and unpaid interest to, but excluding, the
Redemption Date. Accrued and unpaid interest shall be paid to the Holder that
receives the Redemption Price unless the Redemption Date is an Interest Payment
Date, in which case interest shall be paid to the record holder on the
applicable Regular Record Date or Special Record Date.

     Purchase By the Company at the Option of the Holder. At the option of the
Holder and subject to the terms and conditions of the Indenture, the Company
shall become obligated to repurchase the Notes if a Fundamental Change occurs at
any time prior to December 1, 2007 at 100% of the Principal plus accrued and
unpaid interest to, but excluding, the Repurchase Date (the "Repurchase Price"),
which Repurchase Price shall be paid in cash.

     Holders have the right to withdraw any Repurchase Notice by delivering to
the Paying Agent a written notice of withdrawal in accordance with the
provisions of the Indenture.

     If cash sufficient to pay the Repurchase Price of all Notes or portions
thereof to be purchased on a Repurchase Date is deposited with the Paying Agent
on the Business Day

<PAGE>

following the Repurchase Date interest will cease to accrue on such Notes (or
portions thereof) immediately after such Repurchase Date and the Holder thereof
shall have no other rights as such (other than the right to receive the
Repurchase Price upon surrender of such Note).

     Conversion. Subject to the provisions of the Indenture, the Holder hereof
has the right, at its option, at any time following the date of issuance of the
Notes and prior to the close of business on the Business Day next preceding
December 1, 2007, to convert the Principal hereof or any portion of such
Principal which is $1,000 or an integral multiple thereof, into that number of
fully paid and non-assessable shares of Common Stock, as said shares shall be
constituted at the date of conversion, obtained by dividing the Principal of
this Note or portion thereof to be converted by the conversion price of $7.37
(the "Conversion Price") as adjusted from time to time as provided in the
Indenture, upon surrender of this Note, together with a Conversion Notice as
provided in the Indenture, to the Company at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
or at the option of such Holder, the Corporate Trust Office, and, unless the
shares issuable on conversion are to be issued in the same name as this Note,
duly endorsed by, or accompanied by instruments of transfer in form satisfactory
to the Company duly executed by, the Holder or by his duly authorized attorney.
No adjustment in respect of interest or dividends will be made upon any
conversion; provided, that, if this Note shall be surrendered for conversion
during the period from the close of business on any Regular Record Date for the
payment of interest through the close of business on the Business Day next
preceding the following Interest Payment Date, and has not been called for
redemption on a Redemption Date that occurs during such period, such Note (or
portion thereof being converted) must be accompanied by an amount, in funds
acceptable to the Company, equal to the interest payable on such Interest
Payment Date on the principal amount being converted; provided, however, that no
such payment shall be required if there shall exist at the time of conversion a
default in the payment of interest on the Notes. No fractional shares will be
issued upon any conversion, but an adjustment and payment in cash will be made,
as provided in the Indenture, in respect of any fraction of a share which would
otherwise be issuable upon the surrender of any Notes for conversion. Notes in
respect of which a Holder is exercising its right to require repurchase on a
Repurchase Date may be converted only if such Holder withdraws its election to
exercise such right in accordance with the terms of the Indenture. Any Notes
called for redemption, unless surrendered for conversion by the Holders thereof
on or before the close of business on the Business Day preceding the date fixed
for redemption, may be deemed to be redeemed from such Holders for an amount
equal to the applicable Redemption Price, by one or more investment banks or
other purchasers who may agree with the Company (i) to purchase such Notes from
the Holders thereof and convert them into shares of the Common Stock and (ii) to
make payment for such Notes as aforesaid to the Trustee in trust for the
Holders.

     In the event of a deposit or withdrawal of an interest in this Note,
including an exchange, transfer, repurchase or conversion of this Note in part
only, the Trustee, as custodian of the Depositary, shall make an adjustment on
its records to reflect such deposit or withdrawal in accordance with the rules
and procedures of the Depositary.

     If an Event of Default shall occur and be continuing, the Principal plus
interest accrued through such date on all the Notes may be declared due and
payable in the manner and with the effect provided in the Indenture.

                                       2

<PAGE>

     The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Notes under the Indenture at any
time by the Company and the Trustee with the consent of the Holders of not less
than a majority in aggregate principal amount of the Outstanding Notes. The
Indenture also contains provisions permitting the Holders of specified
percentages in aggregate principal amount of the Outstanding Notes, on behalf of
the Holders of all the Notes, to waive compliance by the Company with certain
provisions of the Indenture and certain past defaults under the Indenture and
their consequences. Any such consent or waiver by the Holder of this Note shall
be conclusive and binding upon such Holder and upon all future Holders of this
Note and of any Note issued upon the registration of transfer hereof or in
exchange herefor or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Note.

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

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

     As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Note is registrable by the Registrar, upon
presentation of this Note for registration of transfer to the Registrar if the
Registrar's requirements for such transactions are met.

     The Notes are issuable only in registered form in denominations of $1,000
and any integral multiple of $1,000 above that amount, as provided in the
Indenture and subject to certain limitations therein set forth. Notes are
exchangeable for a like aggregate principal amount of Notes of a different
authorized denomination, as requested by the Holder surrendering the same.

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

     Prior to due presentment of this Note for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name this

                                       3

<PAGE>

     Note is registered as the owner hereof for all purposes, whether or not
this Note be overdue, and neither the Company, the Trustee nor any such agent
shall be affected by notice to the contrary.

     This Note shall be governed by and construed in accordance with the laws of
the State of New York.

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

                                       4

<PAGE>

                                 ASSIGNMENT FORM

     If you want to assign this Note, fill in the form below and have your
signature guaranteed:

     I or we assign and transfer this Note to:

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
 (Print or type name, address and zip code and social security or tax ID number
                                  of assignee)

and irrevocably appoint _____________________________________ agent to transfer
this Note on the books of the Company. The agent may substitute another to act
for him.

       Date: __________________         Signed: ____________________________

       (Sign exactly as your name appears on the other side of this Note)

       Signature Guarantee: __________________________________________________

Note: Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

<PAGE>

                                CONVERSION NOTICE

     If you want to convert this Note into Common Stock of the Company, check
the box: [_]

     To convert only part of this Note, state the principal amount to be
converted (which must be $1,000 or an integral multiple of $1,000):

     $____________________________________

     If you want the stock certificate made out in another person's name, fill
in the form below:

________________________________________________________________________________
             (Insert other person's social security or tax ID no.)

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
            (Print or type other person's name, address and zip code)

              Date: __________________ Signed: ____________________

             (Sign exactly as your name appears on the other side of this Note)

              Signature Guarantee: _________________________________________

Note: Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

<PAGE>

                                                                         Annex B

                          Form of Repurchase Notice

                                                           _______________, ____

The Bank of New York
101 Barclay Street
New York, New York 10286
Attention: Corporate Trust Administration

          Re:  Advanced Micro Devices, Inc. (the "Company")
               4.50 % Convertible Senior Notes Due 2007 (the "Notes")

     This is a Repurchase Notice as defined in subparagraph 7.03 of the
Officers' Certificate dated as of November 25, 2002 (the "Supplemental
Indenture" and together with the Base Indenture, dated November 25, 2002, the
"Indenture") between the Company and the Bank of New York, as Trustee. Terms
used but not defined herein shall have the meanings ascribed to them in the
Indenture.

     Certificate No(s). of Notes: _____________________________

     I intend to deliver the following aggregate principal amount of Notes for
repurchase by the Company pursuant to subparagraph 7.03 of the Supplemental
Indenture (in multiples of $1,000):

     $________________________________

     I hereby agree that the Notes will be purchased as of the Repurchase Date
pursuant to the terms and conditions thereof and of the Indenture.

                                Signed: _________________________________

<PAGE>

                                                                         Annex C

                                   Resolutions

<PAGE>

                                                                         Annex D

                    Letter to Trustee with Opinion of Counsel

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