Document:

<PAGE>
                                                                     Exhibit 4.2

                             VOYAGER PETROLEUM, INC.
                         2007 EMPLOYEE COMPENSATION PLAN

================================================================================

     THIS VOYAGER PETROLEUM, INC. 2007 EMPLOYEE COMPENSATION PLAN (the "PLAN")
is designed to reward, compensate and retain employees and executive officers of
Voyager Petroleum, Inc. (the "Company") and reward them for making major
contributions to the success of the Company. These objectives are accomplished
by making incentive awards under the Plan thereby providing Participants with a
proprietary interest in the growth and performance of the Company.

1.   Definitions.

     (a)  "BOARD" - The Board of Directors of the Company.

     (b)  "CODE" - The Internal Revenue Code of 1986, as amended from time to
          time.

     (c)  "COMMITTEE" - The Compensation Committee of the Company's Board, or
          such other committee of the Board that is designated by the Board to
          administer the Plan, composed of not less than two members of the
          Board all of whom are disinterested persons, as contemplated by Rule
          16b-3 ("RULE 16B-3") promulgated under the Securities Exchange Act of
          1934, as amended (the "EXCHANGE ACT").

     (d)  "COMPANY" - Voyager Petroleum, Inc. and its subsidiaries including
          subsidiaries of subsidiaries.

     (e)  "EXCHANGE ACT" - The Securities Exchange Act of 1934, as amended from
          time to time.

     (f)  "CLOSING BID PRICE" - The closing bid price of the Company's Stock as
          reported on the Over-The- Counter-Bulletin Board on the trading day
          prior to the Grant of the Stock to a Participant.

     (g)  "GRANT" - The grant of any stock award to a Participant pursuant to
          such terms, conditions and limitations as the Committee may establish
          in order to fulfill the objectives of the Plan.

     (h)  "GRANT AGREEMENT" - An agreement between the Company and a Participant
          that sets forth the terms, conditions and limitations applicable to a
          Grant.

     (i)  "PARTICIPANT" - An employee or executive officer of the Company to
          whom an Award has been made under the Plan.

     (j)  "SECURITIES ACT" - The Securities Act of 1933, as amended from time to
          time.

     (k)  "STOCK" - Authorized and issued or unissued shares of common stock of
          the Company.

     (l)  "STOCK AWARD" - A Grant made under the Plan in stock or denominated in
          units of stock for which the Participant is not obligated to pay
          additional consideration.

2.   Administration.

     The Plan shall be administered by the Board, provided however, that the
     Board may delegate such administration to the Committee. Subject to the
     provisions of the Plan, the Board and/or the Committee shall have authority
     to (a) grant, in its discretion, Stock Awards; (b) determine which eligible
     persons shall receive Grants and the number of shares, restrictions, terms
     and conditions to be included in such Grants; (c) construe and interpret
     the Plan; (d) promulgate, amend and rescind rules and regulations relating
     to its administration, and correct defects, omissions and inconsistencies
     in the Plan or any Grant; (e) consistent with the Plan and with the consent
     of the Participant, as appropriate, amend any outstanding Grant; (f)

                                      -1-

<PAGE>

     determine the duration and purpose of leaves of absence which may be
     granted to Participants without constituting termination of their
     engagement for the purpose of the Plan or any Grant; and (g) make all other
     determinations necessary or advisable for the Plan's administration. The
     interpretation and construction by the Board of any provisions of the Plan
     or selection of Participants shall be conclusive and final. No member of
     the Board or the Committee shall be liable for any action or determination
     made in good faith with respect to the Plan or any Grant made thereunder.

3.   Eligibility.

     The persons who shall be eligible to receive Grants shall be employees and
executive officers of the Company.

4.   Stock.

     (a)  Authorized Stock: Stock subject to Grants may be either unissued or
          reacquired Stock.

     (b)  Number of Shares: Subject to adjustment as provided in Section 7 of
          the Plan, the total number of shares of Stock which may be purchased
          or granted directly by Stock Awards granted under the Plan shall not
          exceed Two Million Seven Hundred Eighty Thousand Eight Hundred Sixty
          Nine (2,780,869) shares. If any Grant shall for any reason
          terminate or expire, any shares allocated thereto but remaining
          unvested shall again be available for Grants with respect thereto
          under the Plan as though no Grant had previously occurred with respect
          to such shares. Any shares of Stock issued pursuant to a Grant and
          repurchased pursuant to the terms thereof shall be available for
          future Grants as though not previously covered by a Grant.

     (c)  Reservation of Shares: The Company shall reserve and keep available at
          all times during the term of the Plan such number of shares as shall
          be sufficient to satisfy the requirements of the Plan. If, after
          reasonable efforts, which efforts shall not include the registration
          of the Plan or Grants under the Securities Act, the Company is unable
          to obtain authority from any applicable regulatory body, which
          authorization is deemed necessary by legal counsel for the Company for
          the lawful issuance of shares hereunder, the Company shall be relieved
          of any liability with respect to its failure to issue and sell the
          shares for which such requisite authority was so deemed necessary
          unless and until such authority is obtained.

5.   Stock Awards.

     All or part of any Stock Award under the Plan may be subject to conditions
     established by the Board or the Committee, and set forth in a Stock Award
     Agreement, which may include, but are not limited to, continuous service
     with the Company, achievement of specific business objectives, increases in
     specified indices, attaining growth rates and other comparable measurements
     of Company performance. Such Awards shall be based on the Closing Bid
     Price.. All Stock Awards will be made pursuant to the execution of a Stock
     Award Agreement.

     (a)  Conditions and Restrictions. Shares of Stock which Participants may
          receive as a Stock Award under a Stock Award Agreement may include
          such restrictions as the Board or Committee, as applicable, shall
          determine, including restrictions on transfer, repurchase rights,
          right of first refusal, and forfeiture provisions. When transfer of
          Stock is so restricted or subject to forfeiture provisions it is
          referred to as "RESTRICTED STOCK." Further, with Board or Committee
          approval, Stock Awards may be deferred, either in the form of
          installments or a future lump sum distribution. The Board or Committee
          may permit selected Participants to elect to defer distributions of
          Stock Awards in accordance with procedures established by the Board or
          Committee to assure that such deferrals comply with applicable
          requirements of the Code including, at the choice of Participants, the
          capability to make further deferrals for distribution after
          retirement. Any deferred distribution, whether elected by the
          Participant or specified by the Stock Award Agreement or by the Board
          or Committee, may require the payment be forfeited in accordance with

                                      -2-

<PAGE>

          the provisions of Section 5(b). Dividends or dividend equivalent
          rights may be extended to and made part of any Stock Award, subject to
          such terms, conditions and restrictions as the Board or Committee may
          establish.

     (b)  Cancellation and Rescission of Grants. Unless the Stock Award
          Agreement specifies otherwise, the Board or Committee, as applicable,
          may cancel any unvested or deferred Grants at any time if the
          Participant is not in compliance with all other applicable provisions
          of the Stock Award Agreement, the Plan and with the following
          conditions:

          (i)  A Participant shall not render services for any organization or
               engage directly or indirectly in any business which, in the
               judgment of the chief executive officer of the Company or other
               senior officer designated by the Board or Committee, is or
               becomes competitive with the Company, or which organization or
               business, or the rendering of services to such organization or
               business, is or becomes otherwise prejudicial to or in conflict
               with the interests of the Company. For Participants whose
               engagement has terminated, the judgment of the chief executive
               officer shall be based on the Participant's position and
               responsibilities while employed by the Company, the Participant's
               post-engagement responsibilities and position with the other
               organization or business, the extent of past, current and
               potential competition or conflict between the Company and the
               other organization or business, the effect on the Company's
               customers, suppliers and competitors and such other
               considerations as are deemed relevant given the applicable facts
               and circumstances. A Participant who has retired shall be free,
               however, to purchase as an investment or otherwise, stock or
               other securities of such organization or business so long as they
               are listed upon a recognized securities exchange or traded
               over-the-counter, and such investment does not represent a
               substantial investment to the Participant or a greater than five
               percent (5%) equity interest in the organization or business.

          (ii) A Participant shall not, without prior written authorization from
               the Company, disclose to anyone outside the Company, or use in
               other than the Company's business, any confidential information
               or material relating to the business of the Company, acquired by
               the Participant either during or after engagement with the
               Company.

          (iii) A Participant shall disclose promptly and assign to the Company
               all right, title and interest in any invention or idea,
               patentable or not, made or conceived by the Participant during
               engagement by the Company, relating in any manner to the actual
               or anticipated business, research or development work of the
               Company and shall do anything reasonably necessary to enable the
               Company to secure a patent where appropriate in the United States
               and in foreign countries.

          (iv) Upon exercise, payment or delivery pursuant to a Grant, the
               Participant shall certify on a form acceptable to the Committee
               that he or she is in compliance with the terms and conditions of
               the Plan.

     (c)  Nonassignability.

          (i)  Except pursuant to Section 5(d)(iii) , no Grant or any other
               benefit under the Plan shall be assignable or transferable, or
               payable to, anyone other than the Participant to whom it was
               granted.

          (ii) Where a Participant terminates engagement and retains a Grant in
               order to assume a position with a governmental, charitable or
               educational institution, the Board or Committee, in its
               discretion and to the extent permitted by law, may authorize a
               third party (including but not limited to the trustee of a
               "blind" trust), acceptable to the applicable governmental or
               institutional authorities, the Participant and the Board or
               Committee, to act on behalf of the Participant with regard to
               such Awards.

                                      -3-

<PAGE>

     (d)  Termination of Engagement. If the engagement or service to the Company
          of a Participant terminates, other than pursuant to any of the
          following provisions under this Section 5(d), all unvested or deferred
          Stock Awards shall be cancelled immediately, unless the Stock Award
          Agreement provides otherwise:

          (i)  Retirement Under a Company Retirement Plan. When a Participant's
               engagement terminates as a result of retirement in accordance
               with the terms of a Company retirement plan, the Board or
               Committee may permit Stock Awards to continue in effect beyond
               the date of retirement in accordance with the applicable Grant
               Agreement and vesting of any such Grants may be accelerated.

          (ii) Rights in the Best Interests of the Company. When a Participant
               resigns from the Company and, in the judgment of the Board or
               Committee, the acceleration and/or continuation of outstanding
               Stock Awards would be in the best interests of the Company, the
               Board or Committee may (i) authorize, where appropriate, the
               acceleration and/or continuation of all or any part of Grants
               issued prior to such termination and (ii) permit the vesting of
               such Grants for such period as may be set forth in the applicable
               Grant Agreement, subject to earlier cancellation pursuant to
               Section 8 or at such time as the Board or Committee shall deem
               the continuation of all or any part of the Participant's Grants
               are not in the Company's best interest.

          (iii) Death or Disability of a Participant.

               (1)  In the event of a Participant's death, the Participant's
                    estate or beneficiaries shall have a period up to the
                    expiration date specified in the Grant Agreement within
                    which to receive or exercise any outstanding Grant held by
                    the Participant under such terms as may be specified in the
                    applicable Grant Agreement. Rights to any such outstanding
                    Grants shall pass by will or the laws of descent and
                    distribution in the following order: (a) to beneficiaries so
                    designated by the Participant; if none, then (b) to a legal
                    representative of the Participant; if none, then (c) to the
                    persons entitled thereto as determined by a court of
                    competent jurisdiction. Grants so passing shall be made at
                    such times and in such manner as if the Participant were
                    living.

               (2)  In the event a Participant is deemed by the Board or
                    Committee to be unable to perform his or her usual duties by
                    reason of mental disorder or medical condition which does
                    not result from facts which would be grounds for termination
                    for cause, Grants and rights to any such Grants may be paid
                    to the Participant, if legally competent, or a committee or
                    other legally designated guardian or representative if the
                    Participant is legally incompetent by virtue of such
                    disability.

               (3)  After the death or disability of a Participant, the Board or
                    Committee may in its sole discretion at any time (1)
                    terminate restrictions in Grant Agreements; (2) accelerate
                    any or all installments and rights; and (3) instruct the
                    Company to pay the total of any accelerated payments in a
                    lump sum to the Participant, the Participant's estate,
                    beneficiaries or representative; notwithstanding that, in
                    the absence of such termination of restrictions or
                    acceleration of payments, any or all of the payments due
                    under the Grant might ultimately have become payable to
                    other beneficiaries.

               (4)  In the event of uncertainty as to interpretation of or
                    controversies concerning this Section 5, the determinations
                    of the Board or Committee, as applicable, shall be binding
                    and conclusive.

6.   Investment Intent. All Grants under the Plan are intended to be exempt from
     registration under the Securities Act provided by Rule 701 thereunder.
     Unless and until the sale and issuance of Stock subject to the Plan are
     registered under the Securities Act or shall be exempt pursuant to the
     rules promulgated thereunder, each Grant under the Plan shall provide that
     the purchases or other acquisitions of Stock thereunder shall be for

                                      -4-

<PAGE>

     investment purposes and not with a view to, or for resale in connection
     with, any distribution thereof. Further, unless the issuance and sale of
     the Stock have been registered under the Securities Act, each Grant shall
     provide that no shares shall be purchased upon the exercise of the rights
     under such Grant unless and until (i) all then applicable requirements of
     state and federal laws and regulatory agencies shall have been fully
     complied with to the satisfaction of the Company and its counsel, and (ii)
     if requested to do so by the Company, the person exercising the rights
     under the Grant shall (i) give written assurances as to knowledge and
     experience of such person (or a representative employed by such person) in
     financial and business matters and the ability of such person (or
     representative) to evaluate the merits and risks of receiving the Stock as
     compensation, and (ii) execute and deliver to the Company a letter of
     investment intent and/or such other form related to applicable exemptions
     from registration, all in such form and substance as the Company may
     require. If shares are issued upon exercise of any rights under a Grant
     without registration under the Securities Act, subsequent registration of
     such shares shall relieve the purchaser thereof of any investment
     restrictions or representations made upon the exercise of such rights.

7.   Amendment, Modification, Suspension or Discontinuance of the Plan. The
     Board may, insofar as permitted by law, from time to time, with respect to
     any shares at the time not subject to outstanding Grants, suspend or
     terminate the Plan or revise or amend it in any respect whatsoever;
     provided, however, no such action shall alter or impair the rights and
     obligations under any Stock Award outstanding as of the date thereof
     without the written consent of the Participant thereunder. No Grant may be
     issued while the Plan is suspended or after it is terminated, but the
     rights and obligations under any Grant issued while the Plan is in effect
     shall not be impaired by suspension or termination of the Plan.

     In the event of any change in the outstanding Stock by reason of a stock
     split, stock dividend, combination or reclassification of shares,
     recapitalization, merger, or similar event, the Board or the Committee may
     adjust proportionally (a) the number of shares of Stock (i) reserved under
     the Plan, (ii) covered by outstanding Stock Awards; (b) the Stock prices
     related to outstanding Grants; and (c) the appropriate Fair Market Value
     and other price determinations for such Grants. In the event of any other
     change affecting the Stock or any distribution (other than normal cash
     dividends) to holders of Stock, such adjustments as may be deemed equitable
     by the Board or the Committee, including adjustments to avoid fractional
     shares, shall be made to give proper effect to such event. In the event of
     a corporate merger, consolidation, acquisition of property or stock,
     separation, reorganization or liquidation, the Board or the Committee shall
     be authorized to issue or assume stock options, whether or not in a
     transaction to which Section 424(a) of the Code applies, and other Grants
     by means of substitution of new Grant Agreements for previously issued
     Grants or an assumption of previously issued Grants.

8.   Tax Withholding. The Company shall have the right to deduct applicable
     taxes from any Grant payment and withhold, at the time of delivery or
     exercise of Stock Awards or vesting of shares under such Grants, an
     appropriate number of shares for payment of taxes required by law or to
     take such other action as may be necessary in the opinion of the Company to
     satisfy all obligations for withholding of such taxes. If Stock is used to
     satisfy tax withholding, such stock shall be valued based on the Closing
     Bid Price.

9.   Availability of Information. During the term of the Plan and any additional
     period during which a Grant granted pursuant to the Plan shall be payable,
     the Company shall make available, not later than one hundred and twenty
     (120) days following the close of each of its fiscal years, such financial
     and other information regarding the Company as is required by the bylaws of
     the Company and applicable law to be furnished in an annual report to the
     shareholders of the Company.

10.  Notice. Any written notice to the Company required by any of the provisions
     of the Plan shall be addressed to the chief personnel officer or to the
     chief executive officer of the Company, and shall become effective when it
     is received by the office of the chief personnel officer or the chief
     executive officer.

                                      -5-

<PAGE>

11.  Indemnification of Board. In addition to such other rights or
     indemnifications as they may have as directors or otherwise, and to the
     extent allowed by applicable law, the members of the Board and the
     Committee shall be indemnified by the Company against the reasonable
     expenses, including attorneys' fees, actually and necessarily incurred in
     connection with the defense of any claim, action, suit or proceeding, or in
     connection with any appeal thereof, to which they or any of them may be a
     party by reason of any action taken, or failure to act, under or in
     connection with the Plan or any Grant granted thereunder, and against all
     amounts paid by them in settlement thereof (provided such settlement is
     approved by independent legal counsel selected by the Company) or paid by
     them in satisfaction of a judgment in any such claim, action, suit or
     proceeding, except in any case in relation to matters as to which it shall
     be adjudged in such claim, action, suit or proceeding that such Board or
     Committee member is liable for negligence or misconduct in the performance
     of his or her duties; provided that within sixty (60) days after
     institution of any such action, suit or Board proceeding the member
     involved shall offer the Company, in writing, the opportunity, at its own
     expense, to handle and defend the same.

12.  Governing Law. The Plan and all determinations made and actions taken
     pursuant hereto, to the extent not otherwise governed by the Code or the
     securities laws of the United States, shall be governed by the law of the
     State of Nevada and construed accordingly.

13.  Termination Dates. The Plan shall terminate on February 1, 2017, subject to
     earlier termination by the Board pursuant to Section 7.

                                             VOYAGER PETROLEUM, INC.

                                             By:  /s/ Sebastien DuFort
                                                  --------------------
                                             Its: Sebastien DuFort, President

                                      -6-Exhibit 4.10

 

 

 

 

B&G Foods, Inc.

 

 

 

INDENTURE

 

Dated as of                                            , 2007

 

 

 

The Bank of New York,

as Trustee

 

 

 

 

TABLE
OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  
	
  ARTICLE I. DEFINITIONS AND INCORPORATION BY
  REFERENCE

  	
  1

  
	
  Section 1.1.

  	
  Definitions

  	
  1

  
	
  Section 1.2.

  	
  Other Definitions

  	
  7

  
	
  Section 1.3.

  	
  Incorporation by Reference of Trust Indenture Act

  	
  7

  
	
  Section 1.4.

  	
  Rules of Construction

  	
  8

  
	
  ARTICLE II. THE SECURITIES

  	
  8

  
	
  Section 2.1.

  	
  Issuable in Series

  	
  8

  
	
  Section 2.2.

  	
  Establishment of Terms of Series of Securities

  	
  9

  
	
  Section 2.3.

  	
  Execution and Authentication

  	
  11

  
	
  Section 2.4.

  	
  Registrar and Paying Agent

  	
  12

  
	
  Section 2.5.

  	
  Paying Agent to Hold Money in Trust

  	
  12

  
	
  Section 2.6.

  	
  Securityholder Lists

  	
  13

  
	
  Section 2.7.

  	
  Transfer and Exchange

  	
  13

  
	
  Section 2.8.

  	
  Mutilated, Destroyed, Lost and Stolen Securities

  	
  13

  
	
  Section 2.9.

  	
  Outstanding Securities

  	
  14

  
	
  Section 2.10.

  	
  Treasury Securities

  	
  15

  
	
  Section 2.11.

  	
  Temporary Securities

  	
  15

  
	
  Section 2.12.

  	
  Cancellation

  	
  15

  
	
  Section 2.13.

  	
  Defaulted Interest

  	
  15

  
	
  Section 2.14.

  	
  Global Securities

  	
  15

  
	
  Section 2.15.

  	
  CUSIP Numbers

  	
  17

  
	
  ARTICLE III. REDEMPTION

  	
  17

  
	
  Section 3.1.

  	
  Notice to Trustee

  	
  17

  
	
  Section 3.2.

  	
  Selection of Securities to be Redeemed or Repurchased

  	
  17

  
	
  Section 3.3.

  	
  Notice of Redemption

  	
  18

  
	
  Section 3.4.

  	
  Effect of Notice of Redemption

  	
  18

  
	
  Section 3.5.

  	
  Deposit of Redemption Price

  	
  18

  
	
  Section 3.6.

  	
  Securities Redeemed in Part

  	
  19

  
	
  ARTICLE IV. COVENANTS

  	
  19

  
	
  Section 4.1.

  	
  Payment of Principal and Interest

  	
  19

  
	
  Section 4.2.

  	
  Maintenance of Office or Agency

  	
  19

  
	
  Section 4.3.

  	
  SEC Reports

  	
  20

  
	
  Section 4.4.

  	
  Compliance Certificate

  	
  20

  
	
  Section 4.5.

  	
  Taxes

  	
  21

  
	
  Section 4.6.

  	
  Stay, Extension and Usury Laws

  	
  21

  
	
  Section 4.7.

  	
  Corporate Existence

  	
  21

  
	
  ARTICLE V. SUCCESSORS

  	
  22

  
	
  Section 5.1.

  	
  Merger, Consolidation, or Sale of Assets

  	
  22

  
	
  Section 5.2.

  	
  Successor Corporation Substituted

  	
  23

  
	
  ARTICLE VI. DEFAULTS AND REMEDIES

  	
  23

  
	
  Section 6.1.

  	
  Events of Default

  	
  23

  
	
  Section 6.2.

  	
  Acceleration

  	
  25

  
	
  Section 6.3.

  	
  Other Remedies

  	
  25

  

 

i

 

	
  Section 6.4.

  	
  Waiver of Past Defaults

  	
  25

  
	
  Section 6.5.

  	
  Control by Majority

  	
  26

  
	
  Section 6.6.

  	
  Limitation on Suits

  	
  26

  
	
  Section 6.7.

  	
  Rights of Holders of Securities to Receive Payment

  	
  27

  
	
  Section 6.8.

  	
  Collection Suit by Trustee

  	
  27

  
	
  Section 6.9.

  	
  Trustee May File Proofs of Claim

  	
  27

  
	
  Section 6.10.

  	
  Priorities

  	
  28

  
	
  Section 6.11.

  	
  Undertaking for Costs

  	
  28

  
	
  ARTICLE VII. TRUSTEE

  	
  28

  
	
  Section 7.1.

  	
  Duties of Trustee

  	
  28

  
	
  Section 7.2.

  	
  Rights of Trustee

  	
  30

  
	
  Section 7.3.

  	
  Individual Rights of Trustee

  	
  31

  
	
  Section 7.4.

  	
  Trustee’s Disclaimer

  	
  31

  
	
  Section 7.5.

  	
  Notice of Defaults

  	
  31

  
	
  Section 7.6.

  	
  Reports by Trustee to Holders

  	
  31

  
	
  Section 7.7.

  	
  Compensation and Indemnity

  	
  31

  
	
  Section 7.8.

  	
  Replacement of Trustee

  	
  32

  
	
  Section 7.9.

  	
  Successor Trustee by Merger, etc.

  	
  33

  
	
  Section 7.10.

  	
  Eligibility; Disqualification

  	
  33

  
	
  Section 7.11.

  	
  Preferential Collection of Claims Against Company

  	
  33

  
	
  ARTICLE VIII. LEGAL DEFEASANCE AND COVENANT
  DEFEASANCE

  	
  34

  
	
  Section 8.1.

  	
  Option to Effect Legal Defeasance or Covenant Defeasance

  	
  34

  
	
  Section 8.2.

  	
  Legal Defeasance and Discharge

  	
  34

  
	
  Section 8.3.

  	
  Covenant Defeasance

  	
  34

  
	
  Section 8.4.

  	
  Conditions to Legal or Covenant Defeasance

  	
  35

  
	
  Section 8.5.

  	
  Deposited Money and Government Securities to be Held in Trust; Other
  Miscellaneous Provisions

  	
  36

  
	
  Section 8.6.

  	
  Repayment to Company

  	
  37

  
	
  Section 8.7.

  	
  Reinstatement

  	
  37

  
	
  ARTICLE IX. AMENDMENTS AND WAIVERS

  	
  37

  
	
  Section 9.1.

  	
  Without Consent of Holders

  	
  37

  
	
  Section 9.2.

  	
  With Consent of Holders

  	
  38

  
	
  Section 9.3.

  	
  Limitations

  	
  39

  
	
  Section 9.4.

  	
  Compliance with Trust Indenture Act

  	
  40

  
	
  Section 9.5.

  	
  Revocation and Effect of Consents

  	
  40

  
	
  Section 9.6.

  	
  Notation on or Exchange of Securities

  	
  40

  
	
  Section 9.7.

  	
  Trustee Protected

  	
  40

  
	
  ARTICLE X. SATISFACTION AND DISCHARGE

  	
  40

  
	
  Section 10.1.

  	
  Satisfaction and Discharge

  	
  40

  
	
  Section 10.2.

  	
  Application of Trust Money

  	
  41

  
	
  ARTICLE XI. MISCELLANEOUS

  	
  42

  
	
  Section 11.1.

  	
  Trust Indenture Act Controls

  	
  42

  
	
  Section 11.2.

  	
  Notices

  	
  42

  
	
  Section 11.3.

  	
  Communication by Holders with Other Holders

  	
  43

  
	
  Section 11.4.

  	
  Certificate and Opinion as to Conditions Precedent

  	
  43

  
	
  Section 11.5.

  	
  Statements Required in Certificate or Opinion

  	
  43

  

 

ii

 

	
  Section 11.6.

  	
  Rules by Trustee and Agents

  	
  44

  
	
  Section 11.7.

  	
  Legal Holidays

  	
  44

  
	
  Section 11.8.

  	
  No Recourse Against Others

  	
  44

  
	
  Section 11.9.

  	
  Counterparts

  	
  44

  
	
  Section 11.10.

  	
  Governing Laws

  	
  44

  
	
  Section 11.11.

  	
  No Adverse Interpretation of Other Agreements

  	
  44

  
	
  Section 11.12.

  	
  Successors

  	
  45

  
	
  Section 11.13.

  	
  Severability

  	
  45

  
	
  Section 11.14.

  	
  Table of Contents, Headings, Etc.

  	
  45

  
	
  Section 11.15.

  	
  Securities in a Foreign Currency or in ECU

  	
  45

  
	
  Section 11.16.

  	
  Judgment Currency

  	
  46

  
	
  ARTICLE XII. SINKING FUNDS

  	
  46

  
	
  Section 12.1.

  	
  Applicability of Article

  	
  46

  
	
  Section 12.2.

  	
  Satisfaction of Sinking Fund Payments with Securities

  	
  47

  
	
  Section 12.3.

  	
  Redemption of Securities for Sinking Fund

  	
  47

  

 

iii

 

B&G
FOODS, INC.

 

Reconciliation and tie between Trust Indenture Act of
1939 and

Indenture, dated as of                                         ,
2007

 

	
    § 310(a)(1)

  	
   

  	
  7.10

  
	
  (a)(2) 

  	
   

  	
   

  	
  7.10

  
	
  (a)(3) 

  	
   

  	
   

  	
  Not Applicable

  
	
  (a)(4) 

  	
   

  	
   

  	
  Not Applicable

  
	
  (a)(5) 

  	
   

  	
   

  	
  7.10

  
	
  (b) 

  	
   

  	
   

  	
  7.10

  
	
  (c) 

  	
   

  	
   

  	
  Not Applicable

  
	
  § 311(a) 

  	
   

  	
   

  	
  7.11

  
	
  (b) 

  	
   

  	
   

  	
  7.11

  
	
  (c) 

  	
   

  	
   

  	
  Not Applicable

  
	
  § 312(a) 

  	
   

  	
   

  	
  2.6

  
	
  (b) 

  	
   

  	
   

  	
  11.3

  
	
  (c) 

  	
   

  	
   

  	
  11.3

  
	
  § 313(a) 

  	
   

  	
   

  	
  7.6

  
	
  (b)(1) 

  	
   

  	
   

  	
  7.6

  
	
  (b)(2) 

  	
   

  	
   

  	
  7.6

  
	
  (c)(1) 

  	
   

  	
   

  	
  7.6

  
	
  (d) 

  	
   

  	
   

  	
  7.6

  
	
  § 314(a) 

  	
   

  	
   

  	
  4.3, 11.5

  
	
  (b) 

  	
   

  	
   

  	
  Not Applicable

  
	
  (c)(1) 

  	
   

  	
   

  	
  11.4

  
	
  (c)(2) 

  	
   

  	
   

  	
  11.4

  
	
  (c)(3) 

  	
   

  	
   

  	
  Not Applicable

  
	
  (d) 

  	
   

  	
   

  	
  Not Applicable

  
	
  (e) 

  	
   

  	
   

  	
  11.5

  
	
  (f) 

  	
   

  	
   

  	
  Not Applicable

  
	
  § 315(a) 

  	
   

  	
   

  	
  7.1

  
	
  (b) 

  	
   

  	
   

  	
  7.5

  
	
  (c) 

  	
   

  	
   

  	
  7.1

  
	
  (d) 

  	
   

  	
   

  	
  7.1

  
	
  (e) 

  	
   

  	
   

  	
  6.11

  
	
  § 316(a) 

  	
   

  	
   

  	
  2.10

  
	
  (a)(1)(A) 

  	
   

  	
   

  	
  6.5

  
	
  (a)(1)(B) 

  	
   

  	
   

  	
  6.4

  
	
  (b) 

  	
   

  	
   

  	
  6.7

  
	
    § 317(a)(1)

  	
   

  	
  6.8

  
	
  (a)(2) 

  	
   

  	
   

  	
  6.9

  
	
  (b) 

  	
   

  	
   

  	
  2.5

  
	
  § 318(a) 

  	
   

  	
   

  	
  11.1

  

 

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

 

iv

 

Indenture dated as of                                          ,
2007 between B&G Foods, Inc., a Delaware corporation (“Company”), and The
Bank of New York, as trustee (“Trustee”).

 

Each party agrees as
follows for the benefit of the other party and for the equal and ratable
benefit of the Holders of the Securities issued under this Indenture.

 

ARTICLE I.

DEFINITIONS AND INCORPORATION BY REFERENCE

 

Section 1.1.            Definitions.

 

“Additional Amounts”
means any additional amounts which are required hereby or by any Security,
under circumstances specified herein or therein, to be paid by the Company in
respect of certain taxes imposed on Holders specified herein or therein and
which are owing to such Holders.

 

“Affiliate” of any
specified person means any other person directly or indirectly controlling or
controlled by or under direct or indirect common control with such specified
person. For purposes of this definition, “control”, as used with respect to any
person, means 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 securities, by agreement or otherwise; provided
that beneficial ownership of 10% or more of the Voting Stock of a Person will
be deemed to be control. For purposes of this definition, the terms “controlling,”
“controlled by” and “under common control with” have correlative meanings.

 

“Agent” means any
Registrar, Paying Agent or Service Agent.

 

“Attributable Debt” in
respect of a sale and leaseback transaction means, at the time of
determination, the present value of the obligation of the lessee for net rental
payments during the remaining term of the lease included in such sale and
leaseback transaction including any period for which such lease has been
extended or may, at the option of the lessor, be extended. Such present value
shall be calculated using a discount rate equal to the rate of interest
implicit in such transaction, determined in accordance with GAAP; provided,
however, that if such sale and leaseback transaction results in a
Capital Lease Obligation, the amount of Indebtedness represented thereby will
be determined in accordance with the definition of “Capital Lease Obligation.”

 

“Authorized Newspaper”
means a newspaper in an official language of the country of publication
customarily published at least once a day for at least five days in each
calendar week and of general circulation in the place in connection with which
the term is used. If it shall be impractical in the opinion of the Trustee to
make any publication of any notice required hereby in an Authorized Newspaper,
any publication or other notice in lieu thereof that is made or given by the
Trustee shall constitute a sufficient publication of such notice.

 

“Bearer” means anyone in
possession from time to time of a Bearer Security.

 

“Bearer Security” means
any Security, including any interest coupon appertaining thereto, that does not
provide for the identification of the Holder thereof.

 

 

“Board of Directors”
means:

 

(1)           with respect to a
corporation, the board of directors of the corporation or any committee thereof
duly authorized to act on behalf of such board;

 

(2)           with respect to a
partnership, the Board of Directors of the general partner of the partnership;

 

(3)           with respect to a
limited liability company, the managing member or members or any controlling
committee of managing members thereof; and

 

(4)           with respect to any
other person, the board or committee of such person serving a similar function.

 

“Board Resolution” means
a copy of a resolution certified by the Secretary or an Assistant Secretary of
the Company to have been 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 the certificate and delivered to the Trustee.

 

“Business Day” means,
unless otherwise provided by Board Resolution, Officers’ Certificate or
supplemental indenture hereto for a particular Series, any day except a
Saturday, Sunday or a legal holiday in The City of New York on which banking
institutions are authorized or required by law, regulation or executive order
to close.

 

“Capital Lease Obligation”
means, at the time any determination is to be made, the amount of the liability
in respect of a capital lease that would at that time be required to be
capitalized on a balance sheet in accordance with GAAP, and the Stated Maturity
thereof shall be the date of the last payment of rent or any other amount due
under such lease prior to the first date upon which such lease may be prepaid
by the lessee without payment of a penalty.

 

“Capital Stock” means:

 

(1)           in the case of a
corporation, corporate stock;

 

(2)           in the case of an
association or business entity, any and all shares, interests, participations,
rights or other equivalents (however designated) of corporate stock;

 

(3)           in the case of a
partnership or limited liability company, partnership interests (whether
general or limited) or membership interests; and

 

(4)           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, the issuing person, but
excluding from all of the foregoing any debt securities convertible into
Capital Stock, whether or not such debt securities include any right of
participation with Capital Stock.

 

“Company” means the party
named as such above until a successor replaces it and thereafter means the
successor.

 

2

 

“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.

 

“Company Request” means a
written request signed in the name of the Company by its Chief Executive
Officer, the President or a Vice President, and by its Treasurer, an Assistant
Treasurer, its Secretary or an Assistant Secretary, and delivered to the
Trustee.

 

“Corporate Trust Office”
means the office of the Trustee at which at any particular time its corporate
trust business shall be principally administered.

 

“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.

 

“Depository” means, with
respect to the Securities of any Series issuable or issued in whole or in
part in the form of one or more Global Securities, the person designated as
Depository for such Series by the Company, which Depository shall be a
clearing agency registered under the Exchange Act; and if at any time there is
more than one such person, “Depository” as used with respect to the Securities
of any Series shall mean the Depository with respect to the Securities of
such Series.

 

“Discount Security” means
any Security that provides for an amount less than the stated principal amount
thereof to be due and payable upon declaration of acceleration of the maturity
thereof pursuant to Section 6.2.

 

“Dollars” and “$”means
the currency of The United States of America.

 

“ECU” means the European
Currency Unit as determined by the Commission of the European Union.

 

“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).

 

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

 

“Foreign Currency” means
any currency or currency unit issued by a government other than the government
of The United States of America.

 

“Foreign Government
Obligations” means, with respect to Securities of any Series that are
denominated in a Foreign Currency, (i) direct obligations of the
government that issued or caused to be issued such currency for the payment of
which obligations its full faith and credit is pledged or (ii) obligations
of a person controlled or supervised by or acting as an agency or
instrumentality of such government the timely payment of which is
unconditionally guaranteed as a full faith and credit obligation by such
government, which, in either case under clauses (i) or (ii), are not
callable or redeemable at the option of the issuer thereof.

 

3

 

“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 in
effect from time to time.

 

“Global Security” or “Global
Securities” means a Security or Securities, as the case may be, in the form
established pursuant to Section 2.2 evidencing all or part of a Series of
Securities, issued to the Depository for such Series or its nominee, and
registered in the name of such Depository or nominee.

 

“Government Securities”
means direct obligations of, or obligations guaranteed by, the United States of
America, and the payment for which the United States pledges its full faith and
credit.

 

“Guarantee” means a
guarantee other than by endorsement of negotiable instruments for collection in
the ordinary course of business, direct or indirect, in any manner including,
without limitation, by way of a pledge of assets or through letters of credit
or reimbursement agreements in respect thereof, of all or any part of any Indebtedness
(whether arising by virtue of partnership arrangements, or by agreements to
keep-well, to purchase assets, goods, securities or services, to take or pay or
to maintain financial statement conditions or otherwise).

 

“Hedging Obligations”
means, with respect to any specified person, the obligations of such person
under:

 

(1)           interest rate swap
agreements (whether from fixed to floating or from floating to fixed), interest
rate cap agreements and interest rate collar agreements;

 

(2)           other agreements or arrangements
designed to manage interest rates or interest rate risk; and

 

(3)           other agreements or
arrangements designed to protect such Person against fluctuations in currency
exchange rates or commodity prices.

 

“Holder” or “Securityholder”
means a person in whose name a Security is registered or the holder of a Bearer
Security.

 

“Indebtedness” means,
with respect to any specified person, any indebtedness of such person
(excluding accrued expenses and trade payables), whether or not contingent:

 

(1)           in respect of borrowed
money;

 

(2)           evidenced by bonds,
notes, debentures or similar instruments or letters of credit (or reimbursement
agreements in respect thereof);

 

(3)           in respect of banker’s
acceptances;

 

4

 

(4)           representing Capital
Lease Obligations or Attributable Debt in respect of sale and leaseback
transactions;

 

(5)           representing the
balance deferred and unpaid of the purchase price of any property (including
trade payables) or services due more than six months after such property is
acquired or such services are completed; or

 

(6)           representing the net
amount owing under any Hedging Obligations,

 

if and to the
extent any of the preceding items (other than letters of credit, Attributable
Debt and Hedging Obligations) would appear as a liability upon a balance sheet
of the specified person prepared in accordance with GAAP. In addition, the term
“Indebtedness” includes all Indebtedness of others secured by a Lien on any
asset of the specified person (whether or not such Indebtedness is assumed by
the specified person) and, to the extent not otherwise included, the Guarantee
by the specified person of any Indebtedness of any other person; provided,
that the amount of such Indebtedness shall be deemed not to exceed the lesser
of the amount secured by such Lien and the value of the person’s property
securing such Lien.

 

“Indenture” means this
Indenture as amended or supplemented from time to time and shall include the
form and terms of particular Series of Securities established as
contemplated hereunder.

 

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

 

“Lien” means, with
respect to any asset:

 

(1)           any mortgage, deed of
trust, deed to secure debt, lien (statutory or otherwise), pledge,
hypothecation, encumbrance, restriction, collateral assignment, charge or
security interest in, on or of such asset;

 

(2)           the interest of a
vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement (or any financing lease having substantially the same
economic effect as any of the foregoing) relating to such asset; and

 

(3)           in the case of Equity
Interests or debt securities, any purchase option, call or similar right of a
third party with respect to such Equity Interests or debt securities.

 

“Maturity,” when used
with respect to any Security or installment of principal thereof, means the
date on which the principal of such Security or such installment of principal
becomes due and payable as therein or herein provided, whether at the Stated
Maturity or by declaration of acceleration, call for redemption, notice of
option to elect repayment or otherwise.

 

“Officer” means the Chief
Executive Officer, the President, any Vice President, the Treasurer, the
Secretary, any Assistant Treasurer or any Assistant Secretary of the Company.

 

5

 

“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 of legal counsel who is acceptable to the Trustee. The
counsel may be an employee of or counsel to the Company.

 

“person” means any
individual, corporation, partnership, joint venture, association, joint-stock
company, trust, unincorporated organization, limited liability company or
government or other entity.

 

“principal” of a Security
means the principal of the Security plus, when appropriate, the premium, if
any, on, and any Additional Amounts in respect of, the Security.

 

“Responsible Officer”
means any officer of the Trustee in its Corporate Trust Office (including any
managing director, director, vice president, assistant vice president, trust
officer or corporate secretary) and also means, with respect to a particular
corporate trust matter, any other officer customarily performing functions
similar to those performed by the above designated officers and also means, any
other officer to whom any corporate trust matter is referred because of his or
her knowledge of and familiarity with a particular subject.

 

“SEC” means the
Securities and Exchange Commission.

 

“Securities” means the
debentures, notes or other debt instruments of the Company of any Series authenticated
and delivered under this Indenture.

 

“Series” or “Series of
Securities” means each series of debentures, notes or other debt instruments of
the Company created pursuant to Sections 2.1 and 2.2 hereof.

 

“Stated Maturity” means,
with respect to any installment of interest or principal on any series of
Indebtedness, the date on which the payment of interest or principal was
scheduled to be paid in the documentation governing such Indebtedness as of the
date of the indenture, and will not include any contingent obligations to
repay, redeem or repurchase any such interest or principal prior to the date
originally scheduled for the payment thereof.

 

“Subsidiary” means, with
respect to any specified person:

 

(1)           any corporation,
association or other business entity of which more than 50% of the total voting
power of shares of Capital Stock entitled (without regard to the occurrence of
any contingency and after giving effect to any voting agreement or stockholders’
agreement that effectively transfers voting power) to vote in the election of
directors, managers or trustees of the corporation, association or other
business entity is at the time owned or controlled, directly or indirectly, by
that person or one or more of the other Subsidiaries of that person (or a
combination thereof); and

 

(2)           any partnership (a) the
sole general partner or the managing general partner of which is such person or
a Subsidiary of such person or (b) the only general

 

6

 

partners of
which are that person or one or more Subsidiaries of that person (or any
combination thereof).

 

“TIA” means the Trust
Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date
of this Indenture; provided, however, that in the event the Trust
Indenture Act of 1939 is amended after such date, “TIA” means, to the extent
required by any such amendment, the Trust Indenture Act as so amended.

 

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

 

“Voting Stock” of any
person as of any date means the Capital Stock of such person that is at the
time entitled to vote in the election of the Board of Directors of such person.

 

Section 1.2.            Other Definitions.

 

	
  TERM

  	
   

  	
  DEFINED IN

  SECTION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  “Bankruptcy Law”

  	
   

  	
  6.1

  	
   

  
	
  “Custodian”

  	
   

  	
  6.1

  	
   

  
	
  “Event of Default”

  	
   

  	
  6.1

  	
   

  
	
  “Journal”

  	
   

  	
  11.15

  	
   

  
	
  “Judgment Currency”

  	
   

  	
  11.16

  	
   

  
	
  “Legal Holiday”

  	
   

  	
  11.7

  	
   

  
	
  “mandatory sinking fund payment”

  	
   

  	
  12.1

  	
   

  
	
  “Market Exchange Rate”

  	
   

  	
  11.15

  	
   

  
	
  “New York Banking Day”

  	
   

  	
  11.16

  	
   

  
	
  “optional sinking fund payment”

  	
   

  	
  12.1

  	
   

  
	
  “Paying Agent”

  	
   

  	
  2.4

  	
   

  
	
  “Payment Default”

  	
   

  	
  6.1

  	
   

  
	
  “Registrar”

  	
   

  	
  2.4

  	
   

  
	
  “Required Currency”

  	
   

  	
  11.16

  	
   

  
	
  “Service Agent”

  	
   

  	
  2.4

  	
   

  

 

Section 1.3.            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:

 

“Commission” means the
SEC.

 

7

 

“indenture securities”
means the Securities.

 

“indenture security
holder” means a Securityholder.

 

“indenture to be
qualified” means this Indenture.

 

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

 

“obligor” on the
indenture securities means the Company and any successor obligor upon 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 SEC rule under the TIA and not otherwise defined
herein are used herein as so defined.

 

Section 1.4.            Rules of Construction.

 

Unless the context otherwise
requires:

 

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

 

(b)           an
accounting term not otherwise defined has the meaning assigned to it in
accordance with generally accepted accounting principles;

 

(c)           references
to “generally accepted accounting principles” and “GAAP” shall mean generally
accepted accounting principles in effect as of the time when and for the period
as to which such accounting principles are to be applied;

 

(d)           “or”
is not exclusive;

 

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

 

(f)            provisions
apply to successive events and transactions.

 

ARTICLE II.

THE SECURITIES

 

Section 2.1.            Issuable in Series.

 

The aggregate principal
amount of Securities that may be authenticated and delivered under this Indenture
is unlimited. The Securities may be issued in one or more Series. All
Securities of a Series shall be identical except as may be set forth in a
Board Resolution, a supplemental indenture or an Officers’ Certificate
detailing the adoption of the terms thereof pursuant to the authority granted
under a Board Resolution. In the case of Securities of a Series to be
issued from time to time, the Board Resolution, Officers’ Certificate or
supplemental indenture detailing the adoption of the terms thereof pursuant to
authority granted under a Board Resolution may provide for the method by which
specified terms (such as interest rate, maturity date, record date or date from
which interest shall accrue) are to be determined. Securities may

 

8

 

differ between Series in
respect of any matters, provided that all Series of Securities
shall be equally and ratably entitled to the benefits of the Indenture.

 

Section 2.2.            Establishment of Terms of Series of
Securities.

 

At or prior to the
issuance of any Securities within a Series, the following shall be established
(as to the Series generally, in the case of Subsection 2.2.1 and
either as to such Securities within the Series or as to the Series generally
in the case of Subsections 2.2.2 through 2.2.21) by or pursuant to a Board
Resolution, and set forth or determined in the manner provided in a Board
Resolution, supplemental indenture or an Officers’ Certificate pursuant to
authority granted under a Board Resolution:

 

2.2.1.       the title of the Series (which
shall distinguish the Securities of that particular Series from the
Securities of any other Series);

 

2.2.2.       the price or prices
(expressed as a percentage of the principal amount thereof) at which the
Securities of the Series will be issued;

 

2.2.3.       any limit upon the
aggregate principal amount of the Securities of the Series which may be
authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Securities of the Series pursuant to Section 2.7,
2.8, 2.11, 3.6 or 9.6);

 

2.2.4.       the date or dates on which
the principal of the Securities of the Series is payable;

 

2.2.5.       the rate or rates (which
may be fixed or variable) per annum or, if applicable, the method used to
determine such rate or rates (including, but not limited to, any commodity,
commodity index, stock exchange index or financial index) at which the
Securities of the Series shall bear interest, if any, the date or dates
from which such interest, if any, shall accrue, the date or dates on which such
interest, if any, shall commence and be payable and any regular record date for
the interest payable on any interest payment date;

 

2.2.6.       the place or places where
the principal of and interest, if any, on the Securities of the Series shall
be payable, where the Securities of such Series may be surrendered for
registration of transfer or exchange and where notices and demands to or upon
the Company in respect of the Securities of such Series and this Indenture
may be served, and the method of such payment, if by wire transfer, mail or
other means;

 

2.2.7.       if applicable, the period
or periods within which, the price or prices at which and the terms and conditions
upon which the Securities of the Series may be redeemed, in whole or in
part, at the option of the Company;

 

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

 

9

 

2.2.9.       the dates, if any, on which
and the price or prices at which the Securities of the Series will be
repurchased by the Company at the option of the Holders thereof and other
detailed terms and provisions of such repurchase obligations;

 

2.2.10.     if other than denominations
of $1,000 and any integral multiple thereof, the denominations in which the
Securities of the Series shall be issuable;

 

2.2.11.     the forms of the Securities
of the Series in bearer or fully registered form (and, if in fully
registered form, whether the Securities will be issuable as Global Securities);

 

2.2.12.     if other than the principal
amount thereof, the portion of the principal amount of the Securities of the Series that
shall be payable upon declaration of acceleration of the maturity thereof
pursuant to Section 6.2;

 

2.2.13.     the currency of denomination
of the Securities of the Series, which may be Dollars or any Foreign Currency,
including, but not limited to, the ECU, and if such currency of denomination is
a composite currency other than the ECU, the agency or organization, if any,
responsible for overseeing such composite currency;

 

2.2.14.     the designation of the
currency, currencies or currency units in which payment of the principal of and
interest, if any, on the Securities of the Series will be made;

 

2.2.15.     if payments of principal of
or interest, if any, on the Securities of the Series are to be made in one
or more currencies or currency units other than that or those in which such
Securities are denominated, the manner in which the exchange rate with respect
to such payments will be determined;

 

2.2.16.     the manner in which the
amounts of payment of principal of or interest, if any, on the Securities of
the Series will be determined, if such amounts may be determined by
reference to an index based on a currency or currencies or by reference to a
commodity, commodity index, stock exchange index or financial index;

 

2.2.17.     the provisions, if any,
relating to any security or guarantee provided for the Securities of the
Series, and any subordination in right of payment, if any, of the Securities of
the Series;

 

2.2.18.     any addition to or change in
the Events of Default which applies to any Securities of the Series and any
change in the right of the Trustee or the requisite Holders of such Securities
to declare the principal amount thereof due and payable pursuant to Section 6.2;

 

2.2.19.     any addition to or change in
the covenants set forth in Articles IV or V which applies to Securities of the
Series;

 

2.2.20.     any other terms of the
Securities of the Series (which may modify or delete any provision of this
Indenture insofar as it applies to such Series); and

 

10

 

2.2.21.     any depositories, interest
rate calculation agents, exchange rate calculation agents or other agents with
respect to Securities of such Series if other than those appointed herein.

 

All Securities of any one
Series need not be issued at the same time and may be issued from time to
time, consistent with the terms of this Indenture, if so provided by or
pursuant to the Board Resolution, supplemental indenture hereto or Officers’
Certificate referred to above, and the authorized principal amount of any Series may
not be increased to provide for issuances of additional Securities of such
Series, unless otherwise provided in such Board Resolution, supplemental
indenture or Officers’ Certificate.

 

Section 2.3.            Execution and Authentication.

 

Two Officers shall sign
the Securities for the Company by manual or facsimile signature.

 

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 or an
authenticating agent. The signature shall be conclusive evidence that the
Security has been authenticated under this Indenture.

 

The Trustee shall at any
time, and from time to time, authenticate Securities for original issue in the
principal amount provided in the Board Resolution, supplemental indenture
hereto or Officers’ Certificate, upon receipt by the Trustee of a Company Order.
Such Company Order may authorize authentication and delivery pursuant to oral
or electronic instructions from the Company or its duly authorized agent or
agents, which oral instructions shall be promptly confirmed in writing. Each
Security shall be dated the date of its authentication unless otherwise
provided by a Board Resolution, a supplemental indenture hereto or an Officers’
Certificate.

 

The aggregate principal
amount of Securities of any Series outstanding at any time may not exceed
any limit upon the maximum principal amount for such Series set forth in
the Board Resolution, supplemental indenture hereto or Officers’ Certificate
delivered pursuant to Section 2.2, except as provided in Section 2.8.

 

Prior to the issuance of
Securities of any Series, the Trustee shall have received and (subject to Section 7.2)
shall be fully protected in relying on:  (a) the
Board Resolution, supplemental indenture hereto or Officers’ Certificate
establishing the form of the Securities of that Series or of Securities
within that Series and the terms of the Securities of that Series or
of Securities within that Series, (b) an Officers’ Certificate complying
with Section 11.4, and (c) an Opinion of Counsel complying with Section 11.4.

 

The Trustee shall have
the right to decline to authenticate and deliver any Securities of such Series:
(a) if the Trustee, being advised by counsel, determines that such action
may not be taken lawfully; or (b) if the Trustee in good faith by its
board of directors or trustees, executive committee or a trust committee of
directors and/or vice-presidents shall

 

11

 

determine that
such action would expose the Trustee to personal liability to Holders of any
then outstanding Series of Securities.

 

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
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 2.4.            Registrar and Paying Agent.

 

The Company shall
maintain, with respect to each Series of Securities, at the place or
places specified with respect to such Series pursuant to Section 2.2,
an office or agency where Securities of such Series may be presented or
surrendered for payment (“Paying Agent”), where Securities of such Series may
be surrendered for registration of transfer or exchange (“Registrar”) and where
notices and demands to or upon the Company in respect of the Securities of such
Series and this Indenture may be served (“Service Agent”). The Registrar
shall keep a register with respect to each Series of Securities and to
their transfer and exchange. The Company will give prompt written notice to the
Trustee of the name and address, and any change in the name or address, of each
Registrar, Paying Agent or Service Agent. If at any time the Company shall fail
to maintain any such required Registrar, Paying Agent or Service Agent or shall
fail to furnish the Trustee with the name and address thereof, such
presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee
as its agent to receive all such presentations, surrenders, notices and
demands.

 

The Company may also from
time to time designate one or more co-registrars, additional paying agents or
additional service agents and may from time to time rescind such designations; provided,
however, that no such designation or rescission shall in any manner
relieve the Company of its obligations to maintain a Registrar, Paying Agent
and Service Agent in each place so specified pursuant to Section 2.2 for
Securities of any Series for such purposes. The Company will give prompt
written notice to the Trustee of any such designation or rescission and of any
change in the name or address of any such co-registrar, additional paying agent
or additional service agent. The term “Registrar” includes any co-registrar;
the term “Paying Agent” includes any additional paying agent; and the term “Service
Agent” includes any additional service agent.

 

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

 

Section 2.5.            Paying Agent to Hold Money in
Trust.

 

The Company shall require
each Paying Agent other than the Trustee to agree in writing that the Paying
Agent will hold in trust, for the benefit of Securityholders of any Series of
Securities, or the Trustee, all money held by the Paying Agent for the payment
of principal of or interest on the Series of Securities, and will notify
the Trustee of any default by the Company

 

12

 

in making any such
payment. While any such default continues, the Trustee may require a Paying
Agent to pay all money held by it to the Trustee. The Company at any time may
require a Paying Agent to pay all money held by it to the Trustee. Upon payment
over to the Trustee, the Paying Agent (if other than the Company or a
Subsidiary of the Company) shall have no further liability for the money. If
the Company or a Subsidiary of the Company acts as Paying Agent, it shall
segregate and hold in a separate trust fund for the benefit of Securityholders
of any Series of Securities all money held by it as Paying Agent.

 

Section 2.6.            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 of each Series of
Securities and shall otherwise comply with TIA § 312(a). If the Trustee is
not the Registrar, the Company shall furnish to the Trustee at least ten 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 of each Series of
Securities.

 

Section 2.7.            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, 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 Trustee shall authenticate Securities at the
Registrar’s request. No service charge shall be made for any registration of
transfer or exchange (except as otherwise expressly permitted herein), 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 2.11, 3.6 or 9.6).

 

Neither the Company nor
the Registrar shall be required (a) to issue, register the transfer of, or
exchange Securities of any Series for the period beginning at the opening
of business fifteen days immediately preceding the mailing of a notice of
redemption of Securities of that Series selected for redemption and ending
at the close of business on the day of such mailing, or (b) to register
the transfer of or exchange Securities of any Series selected, called or
being called for redemption as a whole or the portion being redeemed of any
such Securities selected, called or being called for redemption in part.

 

Section 2.8.            Mutilated, Destroyed, Lost and
Stolen Securities.

 

If any mutilated Security
is surrendered to the Trustee, the Company shall execute and the Trustee shall
authenticate and make available for delivery in exchange therefor a new
Security of the same Series and of like tenor and principal amount and
bearing a number not contemporaneously outstanding.

 

If there shall be
delivered to the Company and the Trustee (i) evidence to their satisfaction
of the destruction, loss or theft of any Security and (ii) such security
or indemnity as may be required by them to save each of them and any agent of
either of them harmless, then, in

 

13

 

the absence of
notice to the Company or the Trustee that such Security has been acquired by a
bona fide purchaser, the Company shall execute and upon its request the Trustee
shall authenticate and make available for delivery, in lieu of any such
destroyed, lost or stolen Security, a new Security of the same Series and
of like tenor and principal amount and bearing a number not contemporaneously
outstanding.

 

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

 

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

 

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

 

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

 

Section 2.9.            Outstanding Securities.

 

Subject to Section 2.10,
the Securities outstanding at any time are all the Securities authenticated by
the Trustee except for those canceled by it, those delivered to it for
cancellation, those reductions in the interest on a Global Security effected by
the Trustee in accordance with the provisions hereof and those described in
this Section as not outstanding.

 

If a Security is replaced
pursuant to Section 2.8, it ceases to be outstanding until the Trustee
receives proof satisfactory to it that the replaced Security is held by a bona
fide purchaser.

 

If the Paying Agent
(other than the Company, a Subsidiary of the Company or an Affiliate of the
Company) holds on the Maturity of Securities of a Series money sufficient
to pay such Securities payable on that date, then on and after that date such
Securities of the Series cease to be outstanding and interest on them
ceases to accrue.

 

Notwithstanding Section 2.10,
a Security does not cease to be outstanding because the Company or an Affiliate
of the Company holds the Security.

 

In determining whether
the Holders of the requisite principal amount of outstanding Securities have
given any request, demand, authorization, direction, notice, consent or waiver
hereunder, the principal amount of a Discount Security that shall be deemed to
be outstanding for such purposes shall be the amount of the principal thereof
that would be due and

 

14

 

payable as of the
date of such determination upon a declaration of acceleration of the Maturity
thereof pursuant to Section 6.2.

 

Section 2.10.          Treasury Securities.

 

In determining whether
the Holders of the required principal amount of Securities of a Series have
concurred in any request, demand, authorization, direction, notice, consent or
waiver Securities of a Series owned by the Company or an Affiliate of the
Company shall be disregarded, except that for the purposes of determining
whether the Trustee shall be protected in relying on any such request, demand,
authorization, direction, notice, consent or waiver only Securities of a Series that
the Trustee knows are so owned shall be so disregarded.

 

Section 2.11.          Temporary Securities.

 

Until definitive
Securities are ready for delivery, the Company may prepare and the Trustee
shall authenticate temporary Securities upon a Company Order. 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 upon
request shall authenticate definitive Securities of the same Series and
date of maturity in exchange for temporary Securities. Until so exchanged, temporary
securities shall have the same rights under this Indenture as the definitive
Securities.

 

Section 2.12.          Cancellation.

 

The Company at any time
may deliver Securities to the Trustee for cancellation. The Registrar and the
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 transfer, exchange, payment, replacement or
cancellation and deliver such canceled Securities to the Company, unless the
Company otherwise directs; provided that the Trustee shall not be
required to destroy Securities. The Company may not issue new Securities to
replace Securities that it has paid or delivered to the Trustee for
cancellation.

 

Section 2.13.          Defaulted Interest.

 

If the Company defaults
in a payment of interest on a Series of Securities, it shall pay the
defaulted interest, plus, to the extent permitted by law, any interest payable
on the defaulted interest, to the persons who are Securityholders of the Series on
a subsequent special record date. The Company shall fix the record date and
payment date. At least 10 days before the record date, the Company shall mail
to the Trustee and to each Securityholder of the Series a notice that
states the record date, the payment date and the amount of interest to be paid.
The Company may pay defaulted interest in any other lawful manner.

 

Section 2.14.          Global Securities.

 

2.14.1.     Terms of Securities. A
Board Resolution, a supplemental indenture hereto or an Officers’ Certificate
shall establish whether the Securities of a Series shall be issued in
whole or in part in the form of one or more Global Securities and the
Depository for such Global Security or Securities.

 

15

 

2.14.2.     Transfer and Exchange.
Notwithstanding any provisions to the contrary contained in Section 2.7 of
the Indenture and in addition thereto, any Global Security shall be
exchangeable pursuant to Section 2.7 of the Indenture for Securities
registered in the names of Holders other than the Depository for such Security
or its nominee only if (i) such Depository notifies the Company that it is
unwilling or unable to continue as Depository for such Global Security or if at
any time such Depository ceases to be a clearing agency registered under the
Exchange Act, and, in either case, the Company fails to appoint a successor
Depository registered as a clearing agency under the Exchange Act within 90
days of such event, (ii) the Company executes and delivers to the Trustee
an Officers’ Certificate to the effect that such Global Security shall be so
exchangeable or (iii) an Event of Default with respect to the Securities
represented by such Global Security shall have happened and be continuing. Any
Global Security that is exchangeable pursuant to the preceding sentence shall
be exchangeable for Securities registered in such names as the Depository shall
direct in writing in an aggregate principal amount equal to the principal
amount of the Global Security with like tenor and terms.

 

Except as provided in
this Section 2.14.2, a Global Security may not be transferred except as a
whole by the Depository with respect to such Global Security to a nominee of
such Depository, by a nominee of such Depository to such Depository or another
nominee of such Depository or by the Depository or any such nominee to a
successor Depository or a nominee of such a successor Depository.

 

2.14.3.     Legend. Any Global
Security issued hereunder shall bear a legend in substantially the following
form:

 

“This Security is a
Global Security within the meaning of the Indenture hereinafter referred to and
is registered in the name of the Depository or a nominee of the Depository. This
Security is exchangeable for Securities registered in the name of a person
other than the Depository or its nominee only in the limited circumstances
described in the Indenture, and may not be transferred except as a whole by the
Depository to a nominee of the Depository, by a nominee of the Depository to
the Depository or another nominee of the Depository or by the Depository or any
such nominee to a successor Depository or a nominee of such a successor
Depository.”

 

2.14.4.     Acts of Holders. The
Depository, as a Holder, may appoint agents and otherwise authorize
participants to give or take any request, demand, authorization, direction,
notice, consent, waiver or other action which a Holder is entitled to give or
take under the Indenture.

 

2.14.5.     Payments. Notwithstanding
the other provisions of this Indenture, unless otherwise specified as
contemplated by Section 2.2, payment of the principal of and interest, if
any, on any Global Security shall be made to the Holder thereof.

 

2.14.6.     Consents, Declaration and
Directions. Except as provided in Section 2.14.5, the Company, the
Trustee and any Agent shall treat a person as the Holder of such principal
amount of outstanding Securities of such Series represented by a Global
Security as shall be specified in a written statement of the Depository with
respect to such Global Security,

 

16

 

for purposes of obtaining any consents, declarations,
waivers or directions required to be given by the Holders pursuant to this
Indenture.

 

Section 2.15.          CUSIP Numbers.

 

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

 

ARTICLE III.

REDEMPTION

 

Section 3.1.            Notice to Trustee.

 

The Company may, with
respect to any Series of Securities, reserve the right to redeem and pay
the Series of Securities or may covenant to redeem and pay the Series of
Securities or any part thereof prior to the Stated Maturity thereof at such
time and on such terms as provided for in such Securities. If a Series of
Securities is redeemable and the Company wants or is obligated to redeem prior
to the Stated Maturity thereof all or part of the Series of Securities
pursuant to the terms of such Securities, it shall notify the Trustee of the
redemption date and the principal amount of Series of Securities to be
redeemed. The Company shall give the notice at least 45 days before the
redemption date (or such shorter notice as may be acceptable to the Trustee).

 

Section 3.2.            Selection of Securities to be
Redeemed or Repurchased.

 

Unless otherwise
indicated for a particular Series by a Board Resolution, a supplemental
indenture or an Officers’ Certificate, if less than all the Securities of a Series are
to be redeemed or repurchased, the Trustee shall select the Securities of the Series to
be redeemed or repurchased on a pro rata
basis unless otherwise required by law or applicable stock exchange
requirements.

 

In the event of partial
redemption or purchase by lot, the Trustee shall make the selection from
Securities of the Series outstanding not previously called for redemption
or repurchase. The Trustee may select for redemption or repurchase portions of
the principal of Securities of the Series that have denominations larger
than $1,000. Securities of the Series and portions of them it selects
shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to
Securities of any Series issuable in other denominations pursuant to Section 2.2.10,
the minimum principal denomination for each Series and integral multiples
thereof. Provisions of this Indenture that apply to Securities of a Series called
for redemption or repurchase also apply to portions of Securities of that Series called
for redemption or repurchase.

 

17

 

Section 3.3.            Notice of Redemption.

 

Unless otherwise
indicated for a particular Series by Board Resolution, a supplemental
indenture hereto or an Officers’ Certificate, at least 30 days but not more
than 60 days before a redemption date, the Company shall mail a notice of
redemption by first-class mail to each Holder whose Securities are to be
redeemed and if any Bearer Securities are outstanding, publish on one occasion
a notice in an Authorized Newspaper, except that redemption notices may be
mailed more than 60 days prior to a redemption date if the notice is issued in
connection with a defeasance of the Securities or a satisfaction and discharge
of this Indenture pursuant to Articles 8 or 10 hereof.

 

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

 

(a)           the
redemption date;

 

(b)           the
redemption price;

 

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

 

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

 

(e)           that
interest on Securities of the Series called for redemption ceases to
accrue on and after the redemption date;

 

(f)            the
CUSIP number, if any; and

 

(g)           any
other information as may be required by the terms of the particular Series or
the Securities of a Series being redeemed.

 

At the Company’s request,
the Trustee shall give the notice of redemption in the Company’s name and at
its expense.

 

Section 3.4.            Effect of Notice of Redemption.

 

Once notice of redemption
is mailed or published as provided in Section 3.3, Securities of a Series called
for redemption become due and payable on the redemption date and at the
redemption price. A notice of redemption may not be conditional. Upon surrender
to the Paying Agent, such Securities shall be paid at the redemption price plus
accrued interest to the redemption date; provided that installments of
interest whose Stated Maturity is on or prior to the redemption date shall be
payable to the Holders of such Securities (or one or more predecessor
Securities) registered at the close of business on the relevant record date
therefor according to their terms and the terms of this Indenture.

 

Section 3.5.            Deposit of Redemption Price.

 

On or before the
redemption date, the Company shall deposit with the Paying Agent money
sufficient to pay the redemption price of and accrued interest, if any, on all
Securities to be redeemed on that date.

 

18

 

Section 3.6.            Securities Redeemed in Part.

 

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

 

ARTICLE IV.

COVENANTS

 

Section 4.1.            Payment of Principal and Interest.

 

The Company covenants and
agrees for the benefit of the Holders of each Series of Securities that it
will pay or cause to be paid the principal of, premium, if any, and interest
on, the Securities of that Series on the dates and in the manner provided
in such Securities. Principal, premium, if any, and interest on any Series of
Securities will be considered paid on the date due if the Paying Agent, if
other than the Company or a Subsidiary thereof, holds as of 10:00 a.m.
Eastern Time on the due date money deposited by the Company in immediately
available funds and designated for and sufficient to pay all principal,
premium, if any, and interest then due.

 

Section 4.2.            Maintenance of Office or Agency.

 

The Company covenants and
agrees for the benefit of the Holders of each Series of Securities that it
will maintain in the Borough of Manhattan, the City of New York, an office or
agency (which may be an office of the Trustee for such Securities or an
affiliate of such Trustee, Registrar for such Securities or co-registrar) where
such Securities may be surrendered for registration of transfer or for exchange
and where notices and demands to or upon the Company in respect of such
Securities and this Indenture may be served. The Company will give prompt
written notice to the Trustee for such Securities of the location, and any
change in the location, of such office or agency. If at any time the Company
fails to maintain any such required office or agency or fails to furnish such
Trustee with the address thereof, such presentations, surrenders, notices and
demands may be made or served at the Corporate Trust Office of such Trustee.

 

The Company may also from
time to time designate one or more other offices or agencies where Holders of a
Series of 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 will 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 will give prompt written
notice to the Trustee for such Series of Securities of any such
designation or rescission and of any change in the location of any such other
office or agency.

 

With respect to each Series of
Securities, the Company hereby designates the Corporate Trust Office of the
Trustee for such Securities as one such office or agency of the Company in
accordance with Section 2.5 hereof.

 

19

 

Section 4.3.            SEC Reports.

 

(a)           Whether or not required
by the Comission’s rules and regulations, so long as any Series of
Securities are outstanding, the Company will furnish to the Holders of such
Securities or cause the Trustee with respect to such Series of Securities
to furnish to the Holders of such Securities, within the time periods
(including any extensions thereof) specified in the Commission’s rules and
regulations:

 

(1)           all quarterly and
annual reports that would be required to be filed with the Commission on Forms
10-Q and 10-K if the Company were required to file reports; and

 

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

 

All such reports will be
prepared in all material respects in accordance with all of the rules and
regulations applicable to such reports. Each annual report on Form 10-K
will include a report on the Company’s consolidated financial statements by the
Company’s independent registered public accounting firm. In addition, the
Company will file a copy of each of the reports referred to in clauses (1) and
(2) above with the Commission for public availability within the time
periods specified in the rules and regulations applicable to such reports
(unless the SEC will not accept such a filing). To the extent such filings are
made, the reports will be deemed to be furnished to the Trustee and Holders

 

If the Company is no
longer subject to the periodic reporting requirements of the Exchange Act for
any reason, the Company will nevertheless continue filing the reports specified
in the preceding paragraph with the Commission within the time periods
specified above unless the Commission will not accept such a filing. The
Company will not take any action for the purpose of causing the Commission not
to accept any such filings. If, notwithstanding the foregoing, the Commission
will not accept the Company’s filings for any reason, the Company will post the
reports referred to in the preceding paragraph on its website within the time
periods that would apply if the Company were required to file those reports
with the Commission.

 

(b)           For so long as any Series of
Securities remain outstanding, if at any time they are not required to file
with the Commission the reports required by paragraphs (a) and (b) of
this Section 4.3, the Company and any guarantors of such Securities will
furnish to the Holders of such Securities and to securities analysts and
prospective investors, upon their request, the information required to be
delivered pursuant to Rule 144A(d)(4) under the Securities Act.

 

Section 4.4.            Compliance Certificate.

 

(a)           The Company and each
guarantor of any Series of Securities (to the extent that such guarantor
is so required under the TIA) shall deliver to the Trustee with respect to such
Series, within 90 days after the end of each fiscal year, an Officers’
Certificate stating that a review of the activities of the Company and its
Subsidiaries during the preceding fiscal year has been made under the
supervision of the signing Officers with a view to determining whether the
Company has kept, observed, performed and fulfilled its obligations under this
Indenture, and further stating, as to each such Officer signing such
certificate, that to the best of his or her knowledge the Company has kept,
observed, performed and fulfilled each and every covenant

 

20

 

contained in this
Indenture and is not in default in the performance or observance of any of the
terms, provisions and conditions of this Indenture (or, if a Default or Event
of Default has occurred, describing all such Defaults or Events of Default of
which he or she may have knowledge and what action the Company is taking or
proposes to take with respect thereto) and that to the best of his or her
knowledge no event has occurred and remains in existence by reason of which
payments on account of the principal of or interest, if any, on the Securities
is prohibited or if such event has occurred, a description of the event and
what action the Company is taking or proposes to take with respect thereto.

 

(b)           So long as any of Series of
Securities are outstanding, the Company will deliver to the Trustee with
respect to such Series, forthwith upon any Officer becoming aware of any
Default or Event of Default, an Officers’ Certificate specifying such Default
or Event of Default and what action the Company is taking or proposes to take
with respect thereto.

 

Section 4.5.            Taxes.

 

The Company will pay, and
will cause each of its Subsidiaries to pay, prior to delinquency, all material
taxes, assessments, and governmental levies except such as are contested in
good faith and by appropriate proceedings or where the failure to effect such
payment is not adverse in any material respect to the Holders of such
Securities.

 

Section 4.6.            Stay, Extension and Usury Laws.

 

The Company covenants and
agrees (to the extent that it may lawfully do so), that it will not, and each
guarantor of such Securities will 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 and each of such guarantors (to the extent that it may lawfully do so),
as applicable, hereby expressly waives all benefit or advantage of any such
law, and covenants that it will not, by resort to any such law, hinder, delay
or impede the execution of any power herein granted to the Trustee for such
Securities, but will suffer and permit the execution of every such power as
though no such law has been enacted.

 

Section 4.7.            Corporate Existence.

 

Subject to Article V
hereof, the Company shall do or cause to be done all things necessary to
preserve and keep in full force and effect:

 

(1)           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 the Company or any such
Subsidiary; and

 

(2)           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

 

21

 

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 of such Securities.

 

ARTICLE V.

SUCCESSORS

 

Section 5.1.            Merger, Consolidation, or Sale of
Assets.

 

The Company covenants and
agrees for the benefit of the Holders of each Series of Securities that it
shall not, directly or indirectly: (i) consolidate or merge with or into
another person (whether or not the Company is the surviving corporation); or (2) sell,
assign, transfer, convey or otherwise dispose of all or substantially all of
the properties or assets of the Company and its Subsidiaries taken as a whole,
in one or more related transactions, to another person, unless:

 

(1)           either:

 

(A)          the Company is the
surviving corporation; or

 

(B)           the person formed by or
surviving any such consolidation or merger (if other than the Company) or to
which such sale, assignment, transfer, conveyance or other disposition has been
made is a corporation, partnership or limited liability company organized or
existing under the laws of the United States, any state of the United States or
the District of Columbia; provided that
if the Person is a partnership or limited liability company, then a corporation
wholly-owned by such Person organized or existing under the laws of the United
States, any state of the United States or the District of Columbia that does
not and will not have any material assets or operations shall become a
co-issuer of the Securities pursuant to a supplemental indenture duly executed
by the Trustee;

 

(2)           the person formed by or
surviving any such consolidation or merger (if other than the Company) or the
person to which such sale, assignment, transfer, conveyance or other
disposition has been made assumes all the obligations of the Company under such
Securities and this Indenture pursuant to agreements reasonably satisfactory to
the Trustee for such Securities; and

 

(3)           immediately after such
transaction, no Default or Event of Default exists.

 

In addition, the Company
will not, directly or indirectly, lease all or substantially all of its
properties or assets, in one or more related transactions, to any other person.
This Section 5.1 will not apply to:

 

(1)           a merger of the Company
with an Affiliate solely for the purpose of reincorporating the Company in
another jurisdiction or forming a direct holding company of the Company; or

 

(2)           any sale, transfer,
assignment, conveyance, lease or other disposition of assets between or among
the Company and its Subsidiaries, including by way of merger or consolidation.

 

22

 

Section 5.2.            Successor Corporation Substituted.

 

Upon any consolidation or
merger, or any sale, assignment, transfer, lease, conveyance or other
disposition of all or substantially all of the properties or assets of the
Company in a transaction that is subject to, and that complies with the
provisions of, Section 5.1 hereof, the successor person formed by such
consolidation or into or with which the Company is merged or to which such
sale, assignment, transfer, lease, conveyance or other disposition is made
shall succeed to, and be substituted for (so that from and after the date of
such consolidation, merger, sale, assignment, transfer, lease, conveyance or
other disposition, the provisions of this Indenture referring to the “Company”
shall refer instead to the successor person and not to the Company), and may
exercise every right and power of the Company under this Indenture with the
same effect as if such successor person had been named as the Company herein; provided,
however, that the predecessor Company shall not be relieved from the
obligation to pay the principal of and interest on any Series of
Securities except in the case of a sale of all of the Company’s assets in a
transaction that is subject to, and that complies with the provisions of, Section 5.1
hereof.

 

ARTICLE VI.

DEFAULTS AND REMEDIES

 

Section 6.1.            Events of Default.

 

“Event of Default,”
wherever used herein with respect to Securities of any Series, means any one of
the following events, unless in the establishing Board Resolution, supplemental
indenture or Officers’ Certificate, it is provided that such Series shall
not have the benefit of said Event of Default:

 

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

 

(b)           default
in payment when due of the principal of, or premium, if any, on any Security of
that Series; or

 

(c)           default
in the deposit of any sinking fund payment, when and as due in respect of any
Security of that Series; or

 

(d)           default
in the performance or breach of any covenant or warranty of the Company in this
Indenture (other than a covenant or warranty that has been included in this
Indenture solely for the benefit of Series of Securities other than that
Series), which default continues uncured for a period of 30 days after written
notice given by the Trustees for such Securities or Holders of such Securities;
or

 

(e)           default
under any mortgage, indenture or instrument under which there may be issued or
by which there may be secured or evidenced any Indebtedness for money borrowed
by the Company or any of its Subsidiaries (or the payment of which is
guaranteed by the Company or any of its Subsidiaries) whether such Indebtedness
or guarantee now exists, or is created after the date of the indenture, if that
default:

 

23

 

(i)            is
caused by a failure to pay principal of, or interest or premium, if any, on
such Indebtedness prior to the expiration of the grace period provided in such
Indebtedness on the date of such default (a “Payment Default”); or

 

(ii)           results
in the acceleration of such Indebtedness prior to its express maturity,

 

and, in each case, the principal amount of any such Indebtedness,
together with the principal amount of any other such Indebtedness under which
there has been a Payment Default or the maturity of which has been so
accelerated, aggregates $10 million or more;

 

(f)            one
or more judgments for the payment of money in an aggregate amount in excess of
$10 million (excluding therefrom any amount reasonably expected to be covered
by insurance) shall be rendered against the Company any Restricted Subsidiary
or any combination thereof and the same shall not have been paid, discharged or
stayed for a period of 60 days after such judgment became final and
nonappealable;

 

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

 

(i)            commences
a voluntary case,

 

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

 

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

 

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

 

(v)           generally
is unable to pay its debts as the same become due; or

 

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

 

(i)            is
for relief against the Company in an involuntary case,

 

(ii)           appoints
a Custodian of the Company or for all or substantially all of its property, or

 

(iii)          orders the liquidation of the Company, and
the order or decree remains unstayed and in effect for 60 days; or

 

(i)            any
other Event of Default provided with respect to Securities of that Series,
which is specified in a Board Resolution, a supplemental indenture hereto or an
Officers’ Certificate, in accordance with Section 2.2.18.

 

24

 

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.

 

Section 6.2.            Acceleration.

 

If an Event of Default
with respect to Securities of any Series at the time outstanding occurs
and is continuing (other than an Event of Default referred to in Section 6.1(g) or
(h)) then in every such case the Trustee or the Holders of not less than 25% in
principal amount of the outstanding Securities of that Series may declare
the principal amount (or, if any Securities of that Series are Discount
Securities, such portion of the principal amount as may be specified in the
terms of such Securities) of and accrued and unpaid interest, if any, on all of
the Securities of that Series to be due and payable immediately, by a
notice in writing to the Company (and to the Trustee if given by Holders), and
upon any such declaration such principal amount (or specified amount) and
accrued and unpaid interest, if any, shall become immediately due and payable. If
an Event of Default specified in Section 6.1(g) or (h) shall
occur, the principal amount (or specified amount) of and accrued and unpaid
interest, if any, on all outstanding Securities shall ipso facto
become and be immediately due and payable without any declaration or other act
on the part of the Trustee or any Holder.

 

At any time after such a
declaration of acceleration with respect to any Series has been made, the
Holders of a majority in principal amount of the outstanding Securities of that
Series, by written notice to the Company and the Trustee, may rescind and annul
such declaration and its consequences if the rescission would not conflict with
any judgment or decree and if all existing Events of Default (except nonpayment
of principal, interest or premium that has become due solely because of the
acceleration) have been cured or waived.

 

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

 

Section 6.3.            Other Remedies.

 

If an Event of Default
with respect to Securities of any Series at the time outstanding occurs
and is continuing, the Trustee may pursue any available remedy to collect the
payment of principal, premium, if any, and interest on such Securities or to
enforce the performance of any provision of such Securities or this Indenture.

 

The Trustee for such
Securities may maintain a proceeding even if it does not possess any of such
Securities or does not produce any of them in the proceeding. A delay or
omission by the Trustee or any Holder of Securities 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 6.4.            Waiver of Past Defaults.

 

Holders of not less than
a majority in aggregate principal amount of the then outstanding Securities of
any Series by notice to the Trustee for such Securities may on behalf of

 

25

 

the Holders of all
of such Securities waive an existing Default or Event of Default with respect
to such Securities and its consequences hereunder, except a continuing Default
or Event of Default in the payment of the principal of, premium, if any, or interest
on, such Securities (including in connection with an offer to purchase); provided,
however, that the Holders of a majority in aggregate principal amount of
the then outstanding Securities of any Series may rescind an acceleration
of such Securities and its consequences, including any related payment default
that resulted from such acceleration. Upon any such waiver, such Default shall
cease to exist, and any Event of Default arising therefrom shall be deemed to
have been cured for every purpose of this Indenture; but no such waiver shall
extend to any subsequent or other Default or impair any right consequent
thereon.

 

Section 6.5.                                   Control
by Majority.

 

Holders of a majority in
aggregate principal amount of the then outstanding Securities of any Series may
direct the time, method and place of conducting any proceeding for exercising
any remedy available to the Trustee for such Securities or exercising any trust
or power conferred on it. However, the Trustee for any Series of
Securities may refuse to follow any direction that conflicts with law or this
Indenture that such Trustee determines may be unduly prejudicial to the rights
of other Holders of such Securities or that may involve the Trustee in personal
liability.

 

Section 6.6.                                   Limitation
on Suits.

 

A Holder of any Series of
Securities may pursue a remedy with respect to this Indenture or such
Securities only if:

 

(1)                                                                                  such
Holder gives to the Trustee for such Securities written notice that an Event of
Default is continuing;

 

(2)                                                                                  Holders
of at least 25% in aggregate principal amount of the then outstanding
Securities of such Series make a written request to the Trustee for such
Securities to pursue the remedy;

 

(3)                                                                                  such
Holder or Holders offer and, if requested, provide to the Trustee for such
Securities security or indemnity reasonably satisfactory to such Trustee
against any loss, liability or expense;

 

(4)                                                                                  such
Trustee does not comply with the request within 60 days after receipt of the
request and the offer of security or indemnity; and

 

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

 

A Holder of any Series of
Securities may not use this Indenture to prejudice the rights of another Holder
of such Series of Securities or to obtain a preference or priority over
another Holder of a Securities of such Series.

 

26

 

Section 6.7.                                   Rights
of Holders of Securities to Receive Payment.

 

Notwithstanding any other
provision of this Indenture, the right of any Holder of a Security of any Series to
receive payment of principal, premium, if any, and interest on such Securities,
on or after the respective due dates expressed in such Securities (including,
if applicable, in connection with an offer to purchase), 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 such Holder.

 

Section 6.8.                                   Collection
Suit by Trustee.

 

If an Event of Default
specified in Section 6.1(a), (b) or (c) hereof with respect to
Securities of any Series occurs and is continuing, the Trustee for such
Securities is authorized to recover judgment in its own name and as trustee of
an express trust against the Company for the whole amount of principal of,
premium, if any, and interest remaining unpaid on, such Securities and interest
on overdue principal and, to the extent lawful, interest and such further amount
as shall be sufficient to cover the costs and expenses of collection, including
the reasonable compensation, expenses, disbursements and advances of such
Trustee, its agents and counsel.

 

Section 6.9.                                   Trustee
May File Proofs of Claim.

 

The Trustee for each Series of
Securities is authorized to file such proofs of claim and other papers or
documents as may be necessary or advisable in order to have the claims of such
Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of such Trustee, its agents and counsel) and the
Holders of the Securities for which it acts as trustee allowed in any judicial
proceedings relative to the Company (or any other obligor upon such
Securities), its creditors or its property and shall be entitled and empowered
to collect, receive and distribute any money or other property payable or
deliverable on any such claims and any custodian in any such judicial
proceeding is hereby authorized by each Holder of such Securities to make such
payments to such Trustee, and in the event that such Trustee shall consent to
the making of such payments directly to such Holders, to pay to such Trustee
any amount due to it for the reasonable compensation, expenses, disbursements
and advances of such Trustee, its agents and counsel, and any other amounts due
such Trustee under the Indenture. To the extent that the payment of any such
compensation, expenses, disbursements and advances of such Trustee, its agents
and counsel, and any other amounts due such Trustee out of the estate in any
such proceeding, shall be denied for any reason, payment of the same shall be
secured by a Lien on, and shall be paid out of, any and all distributions,
dividends, money, securities and other properties that such Holders may be
entitled to receive in such proceeding whether in liquidation or under any plan
of reorganization or arrangement or otherwise. Nothing herein contained shall
be deemed to authorize such Trustee to authorize or consent to or accept or
adopt on behalf of any Holder for which it acts as trustee any plan of
reorganization, arrangement, adjustment or composition affecting the Securities
or the rights of such Holder, or to authorize such Trustee to vote in respect
of the claim of any such Holder in any such proceeding.

 

27

 

Section 6.10.                             Priorities.

 

If the Trustee of any Series of
Securities collects any money pursuant to this Article 6, it shall pay out
the money in the following order:

 

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

 

Second:  to
Holders of such Securities for amounts due and unpaid on such Securities for
principal, premium, if any, and interest, ratably, without preference or
priority of any kind, according to the amounts due and payable on such
Securities for principal, premium, if any 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 pursuant
to this Section 6.10.

 

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
any 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, against any
party litigant in the suit, having due regard to the merits and good faith of
the claims or defenses made by the party litigant. This Section 6.11 does
not apply to a suit by the Trustee, a suit by a Holder of a Security pursuant
to Section 6.7 hereof, or a suit by Holders of more than 10% in aggregate
principal amount of the then outstanding Securities of any Series.

 

ARTICLE VII.

TRUSTEE

 

Section 7.1.                                   Duties
of Trustee.

 

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

 

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

 

(i)                                     The
Trustee need perform only those duties that are specifically set forth in this
Indenture and no others.

 

(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 Officers’ Certificates or Opinions of Counsel

 

28

 

furnished to the Trustee and conforming to the requirements of this
Indenture; however, in the case of any such Officers’ Certificates or
Opinions of Counsel which by any provisions hereof are specifically required to
be furnished to the Trustee, the Trustee shall examine such Officers’
Certificates and Opinions of Counsel to determine whether or not they conform
to the requirements of this Indenture.

 

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

 

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

 

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

 

(iii)                               The Trustee shall not be
liable with respect to any action taken, suffered or omitted to be taken by it
with respect to Securities of any Series in good faith in accordance with
the direction of the Holders of a majority in principal amount of the
outstanding Securities of such Series relating to the time, method and
place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred upon the Trustee, under this Indenture
with respect to the Securities of such Series.

 

(d)                                 Every
provision of this Indenture that in any way relates to the Trustee is subject
to paragraph (a), (b) and (c) of this Section.

 

(e)                                  The
Trustee may refuse to perform any duty or exercise any right or power at the
request or direction of any Holder unless it receives 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. Money held in trust by the
Trustee need not be segregated from other funds except to the extent required
by law.

 

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

 

(h)                                 The
Paying Agent, the Registrar and any authenticating agent shall be entitled to
the protections, immunities and standard of care as are set forth in paragraphs
(a), (b) and (c) of this Section with respect to the Trustee.

 

29

 

Section 7.2.                                   Rights
of Trustee.

 

(a)                                  The
Trustee may conclusively rely on and shall be fully protected in acting or
refraining from acting upon 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. The Trustee shall not be liable for any action it takes or omits
to take in good faith in reliance on such Officers’ Certificate.

 

(c)                                  The
Trustee may act through agents, attorneys, custodians or nominees and shall not
be responsible for the misconduct or negligence of any agent, attorney,
custodian or nominee appointed with due care. No Depository shall be deemed an agent,
attorney, custodian or nominee of the Trustee and the Trustee shall not be
responsible for any act or omission by any Depository.

 

(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, provided
that the Trustee’s conduct does not constitute negligence or bad faith.

 

(e)                                  The
Trustee may consult with counsel 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 without negligence and
in good faith and in reliance thereon.

 

(f)                                    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 of Securities 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.

 

(g)                                 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
without negligence and in good faith and in reliance thereon.

 

(h)                                 The
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, note, other
evidence of indebtedness or other paper or document, but the Trustee, in its
discretion, may make such further inquiry or investigation into such facts or
matters as it may see fit.

 

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

 

30

 

(j)                                     In
no event shall the Trustee be liable for the selection of investments or for
investment losses incurred thereon. The Trustee shall have no liability in
respect of losses incurred as a result of the liquidation of any investment
prior to its stated maturity or failure to provide timely written direction.

 

Section 7.3.                                   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 of the Company with the
same rights it would have if it were not Trustee. Any Agent may do the same
with like rights. The Trustee is also subject to Sections 7.10 and 7.11.

 

Section 7.4.                                   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 authentication.

 

Section 7.5.                                   Notice
of Defaults.

 

If a Default or Event of
Default occurs and is continuing with respect to the Securities of any Series and
if it is known to a Responsible Officer of the Trustee, the Trustee shall mail
to each Securityholder of the Securities of that Series and, if any Bearer
Securities are outstanding, publish on one occasion in an Authorized Newspaper,
notice of a Default or Event of Default within 90 days after it occurs or, if
later, after a Responsible Officer of the Trustee has knowledge of such Default
or Event of Default. Except in the case of a Default or Event of Default in
payment of principal of or interest on any Security of any Series, the Trustee
may withhold the notice if and so long as its corporate trust committee or a
committee of its Responsible Officers in good faith determines that withholding
the notice is in the interests of Securityholders of that Series.

 

Section 7.6.                                   Reports
by Trustee to Holders.

 

Within 60 days after May 15
in each year, the Trustee shall transmit by mail to all Securityholders, as
their names and addresses appear on the register kept by the Registrar and, if
any Bearer Securities are outstanding, publish in an Authorized Newspaper, a
brief report dated as of such May 15, in accordance with, and to the
extent required under, TIA § 313.

 

A copy of each report at
the time of its mailing to Securityholders of any Series shall be filed
with the SEC and each stock exchange on which the Securities of that Series are
listed. The Company shall promptly notify the Trustee when Securities of any Series are
listed on any stock exchange.

 

Section 7.7.                                   Compensation
and Indemnity.

 

The Company shall pay to
the Trustee from time to time compensation for its services as the Company and
the Trustee shall from time to time agree upon in writing. The

 

31

 

Trustee’s
compensation shall not be limited by any law on compensation of a trustee of an
express trust. The Company shall reimburse the Trustee upon request for all
reasonable out-of-pocket expenses incurred by it. Such expenses shall include
the reasonable compensation and expenses of the Trustee’s agents and counsel.

 

The Company shall
indemnify each of the Trustee and any predecessor Trustee (including the cost
of defending itself) against any loss, liability or expense, including taxes
(other than taxes based upon, measured by or determined by the income of the
Trustee) incurred by it except as set forth in the next paragraph in the
performance of its duties under this Indenture as Trustee or Agent. 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 one 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, which consent shall not be
unreasonably withheld. This indemnification shall apply to officers, directors,
employees, shareholders and agents of the Trustee.

 

The Company need not
reimburse any expense or indemnify against any loss or liability incurred by
the Trustee or by any officer, director, employee, shareholder or agent of the
Trustee through negligence or bad faith.

 

To secure the Company’s
payment obligations in this Section, the Trustee shall have a lien prior to the
Securities of any Series on all money or property held or collected by the
Trustee, except that held in trust to pay principal of and interest on
particular Securities of that Series.

 

When the Trustee incurs
expenses or renders services after an Event of Default specified in Section 6.1(g) or
(h) occurs, the expenses and the compensation for the services are
intended to constitute expenses of administration under any Bankruptcy Law.

 

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

 

Section 7.8.                                   Replacement
of Trustee.

 

A resignation or removal
of the Trustee 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 the Securities of one or more Series by so notifying the
Company at least 30 days prior to the date of the proposed resignation. The
Holders of a majority in principal amount of the Securities of any Series may
remove the Trustee with respect to that Series by so notifying the Trustee
and the Company. The Company may remove the Trustee with respect to Securities
of one or more Series if:

 

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

 

(b)                                 the
Trustee is adjudged a bankrupt or an insolvent or an order for relief is
entered with respect to the Trustee under any Bankruptcy Law;

 

32

 

(c)                                  a
Custodian or public officer takes charge of the Trustee or its property; or

 

(d)                                 the
Trustee becomes incapable of acting.

 

If 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. Within one year after the
successor Trustee takes office, the Holders of a majority in principal amount
of the then outstanding Securities may appoint a successor Trustee to replace
the successor Trustee appointed by the Company.

 

If a successor Trustee
with respect to the Securities of any one or more 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 Securities of the applicable Series may petition any court
of competent jurisdiction for the appointment of a successor Trustee.

 

A successor Trustee shall
deliver a written acceptance of its appointment to the retiring Trustee and to
the Company. Immediately after that, the retiring Trustee shall transfer all
property held by it as Trustee to the successor Trustee subject to the lien
provided for in Section 7.7, 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 with respect to each Series of
Securities for which it is acting as Trustee under this Indenture. A successor
Trustee shall mail a notice of its succession to each Securityholder of each
such Series and, if any Bearer Securities are outstanding, publish such
notice on one occasion in an Authorized Newspaper. Notwithstanding replacement
of the Trustee pursuant to this Section 7.8, the Company’s obligations
under Section 7.7 hereof shall continue for the benefit of the retiring
Trustee with respect to expenses and liabilities incurred by it prior to such
replacement.

 

Section 7.9.                                   Successor
Trustee by Merger, etc.

 

If the Trustee
consolidates with, 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.

 

Section 7.10.                             Eligibility;
Disqualification.

 

This Indenture shall
always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and
(5). The Trustee 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 shall comply with TIA § 310(b).

 

Section 7.11.                             Preferential
Collection of Claims Against Company.

 

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

 

33

 

ARTICLE VIII.

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

 

Section 8.1.                                   Option
to Effect Legal Defeasance or Covenant Defeasance.

 

The Company may at any
time, at the option of its Board of Directors evidenced by a resolution set
forth in an Officers’ Certificate, elect to have either Section 8.2 or 8.3
hereof be applied to all outstanding Securities of any Series upon compliance
with the conditions set forth below in this Article 8.

 

Section 8.2.                                   Legal
Defeasance and Discharge.

 

Upon the Company’s
exercise under Section 8.1 hereof of the option applicable to this Section 8.2,
the Company and each guarantor, if any, of such Securities will, subject to the
satisfaction of the conditions set forth in Section 8.4 hereof, be deemed
to have been discharged from its or their obligations with respect to all
outstanding Securities of such Series (including the related guarantees, if
any) on the date the conditions set forth below are satisfied (hereinafter, “Legal
Defeasance”). For this purpose, Legal Defeasance means that the Company and
such guarantors, if any, will be deemed to have paid and discharged the entire
Indebtedness represented by the outstanding Securities of such Series (including
the related guarantees, if any), which will thereafter be deemed to be “outstanding”
only for the purposes of Section 8.5 hereof and the other Sections of this
Indenture referred to in clauses (1) and (2) below, and to have
satisfied all its or their other obligations under such Securities, such
guarantees, if any, and this Indenture (and the Trustee for such Securities, on
demand of and at the expense of the Company, shall execute proper instruments
acknowledging the same), except for the following provisions which will survive
until otherwise terminated or discharged hereunder:

 

(1)                                  the
rights of Holders of outstanding Securities of such Series to receive
payments in respect of the principal of, or interest or premium, if any, on,
such Securities when such payments are due from the trust referred to in Section 8.4
hereof;

 

(2)                                  the
Company’s obligations with respect to such Securities under Article 2 and Section 4.2
hereof;

 

(3)                                  the
rights, powers, trusts, duties and immunities of the Trustee for such
Securities hereunder and the Company’s and the guarantors’, if any, obligations
in connection therewith; and

 

(4)                                  this
Article 8.

 

Subject to compliance
with this Article 8, the Company may exercise its option under this Section 8.2
notwithstanding the prior exercise of its option under Section 8.3 hereof.

 

Section 8.3.                                   Covenant
Defeasance.

 

Upon the Company’s
exercise under Section 8.1 hereof of the option applicable to this Section 8.3,
the Company and each of the guarantors, if any, will, subject to the
satisfaction of the conditions set forth in Section 8.4 hereof, be
released from each of their or its obligations

 

34

 

under the
covenants specified in a Board Resolution, a supplemental indenture hereto or
an Officers’ Certificate, in accordance with Section 2.2.18, with respect
to the outstanding Securities of the applicable Series on and after the
date the conditions set forth in Section 8.4 hereof are satisfied
(hereinafter, “Covenant Defeasance”), and such Securities will thereafter be
deemed not “outstanding” for the purposes of any direction, waiver, consent or
declaration or act of Holders of such Securities (and the consequences of any
thereof) in connection with such covenants, but will continue to be deemed “outstanding”
for all other purposes hereunder (it being understood that such Securities will
not be deemed outstanding for accounting purposes). For this purpose, Covenant
Defeasance means that, with respect to the outstanding Securities of such
Series, the Company may omit to comply with and will have no liability in
respect of any term, condition or limitation set forth in any such covenant,
whether directly or indirectly, by reason of any reference elsewhere herein to
any such covenant or by reason of any reference in any such covenant to any
other provision herein or in any other document and such omission to comply
will not constitute a Default or an Event of Default under Section 6.1 hereof,
but, except as specified above, the remainder of this Indenture and such
Securities will be unaffected thereby. In addition, upon the Company’s exercise
under Section 8.1 hereof of the option applicable to this Section 8.3,
subject to the satisfaction of the conditions set forth in Section 8.4
hereof, Sections 6.1(d) through (f) hereof will not constitute Events
of Default.

 

Section 8.4.                                   Conditions
to Legal or Covenant Defeasance.

 

In order to exercise
either Legal Defeasance or Covenant Defeasance under either Section 8.2 or
8.3 hereof with respect to Securities of any Series:

 

(1)                                  the
Company must irrevocably deposit with the Trustee for such Securities, in
trust, for the benefit of the Holders of such Securities, cash in U.S. dollars,
non-callable Government Securities, or a combination thereof, in such amounts
as will be sufficient, in the opinion of a nationally recognized investment
bank, appraisal firm, or firm of independent public accountants, to pay the
principal of, premium, if any, and interest on, the outstanding Securities of
such Series on the stated date for payment thereof or on the applicable
redemption date, as the case may be, and the Company must specify whether such
Securities are being defeased to such stated date for payment or to a
particular redemption date;

 

(2)                                  in
the case of an election under Section 8.2 hereof, the Company must deliver
to the Trustee for such Securities an Opinion of Counsel confirming that:

 

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

 

(B)                                since
the date of this 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 outstanding Securities of such Series will not
recognize income, gain or loss for federal income tax purposes as a result of
such Legal 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 Legal Defeasance had not occurred;

 

35

 

(3)                                  in
the case of an election under Section 8.3 hereof, the Company must deliver
to the Trustee for such Securities an Opinion of Counsel confirming that the
Holders of such Securities will not recognize income, gain or loss for federal
income tax purposes as a result of such Covenant 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 Covenant Defeasance had not occurred;

 

(4)                                  no
Default or Event of Default with respect to such Securities shall have occurred
and be continuing on the date of such deposit (other than a Default or Event of
Default resulting from the borrowing of funds to be applied to such deposit);

 

(5)                                  such
Legal Defeasance or Covenant Defeasance will not result in a breach or
violation of, or constitute a default under, any material agreement or
instrument (other than this Indenture) to which the Company or any of its
Subsidiaries is a party or by which the Company or any of its Subsidiaries is
bound;

 

(6)                                  the
Company must deliver to the Trustee for such Securities an Officers’
Certificate stating that the deposit was not made by the Company with the
intent of preferring the Holders of such Securities over the other creditors of
the Company with the intent of defeating, hindering, delaying or defrauding any
creditors of the Company or others; and

 

(7)                                  the
Company must deliver to the Trustee for such Securities an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions
precedent relating to the Legal Defeasance or the Covenant Defeasance have been
complied with.

 

Section 8.5.                                   Deposited
Money and Government Securities to be Held in Trust; Other Miscellaneous
Provisions.

 

Subject to Section 8.6
hereof, all money and non-callable Government Securities (including the
proceeds thereof) deposited with a Trustee (or other qualifying trustee,
collectively for purposes of this Section 8.5, the “Trustee”) pursuant to Section 8.4
hereof in respect of the outstanding Securities of any Series will be held
in trust and applied by the Trustee, in accordance with the provisions of such
Securities and this Indenture, to the payment, either directly or through any
Paying Agent (including the Company acting as Paying Agent) as the Trustee may
determine, to the Holders of such Securities of all sums due and to become due
thereon in respect of principal, premium, if any, and interest, but such money
need not be segregated from other funds except to the extent required by law.

 

The Company will pay and
indemnify the Trustee against any tax, fee or other charge imposed on or
assessed against the cash or non-callable Government Securities deposited
pursuant to Section 8.4 hereof or the principal and interest received in
respect thereof other than any such tax, fee or other charge which by law is
for the account of the Holders of the outstanding Securities of the applicable Series.

 

Notwithstanding anything
in this Article 8 to the contrary, the Trustee will deliver or pay to the
Company from time to time upon the request of the Company any money or
non-callable Government Securities held by it as provided in Section 8.4
hereof which, in the opinion of a nationally recognized firm of independent
public accountants expressed in a written

 

36

 

certification
thereof delivered to the Trustee (which may be the opinion delivered under Section 8.4(1) hereof),
are in excess of the amount thereof that would then be required to be deposited
to effect an equivalent Legal Defeasance or Covenant Defeasance.

 

Section 8.6.                                   Repayment
to Company.

 

Any money deposited with
the Trustee or any Paying Agent, or then held by the Company, in trust for the
payment of the principal of, premium, if any, or interest on, any Series of
Securities and remaining unclaimed for two years after such principal, premium,
if any, or interest has become due and payable shall be paid to the Company on
its request or (if then held by the Company) will be discharged from such
trust; and the Holders of such Securities will thereafter be permitted to 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, will 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 the
New York Times and The Wall Street Journal (national edition), notice that such
money remains unclaimed and that, after a date specified therein, which will
not be less than 30 days from the date of such notification or publication, any
unclaimed balance of such money then remaining will be repaid to the Company.

 

Section 8.7.                                   Reinstatement.

 

If the Trustee or Paying
Agent is unable to apply any U.S. dollars or non-callable Government Securities
in accordance with Section 8.2 or 8.3 hereof, as the case may be, by
reason of any order or judgment of any court or governmental authority
enjoining, restraining or otherwise prohibiting such application, then the
Company’s and any applicable guarantors’ obligations under this Indenture and
the applicable Securities and the guarantees will be revived and reinstated as
though no deposit had occurred pursuant to Section 8.2 or 8.3 hereof until
such time as the Trustee or Paying Agent is permitted to apply all such money
in accordance with Section 8.2 or 8.3 hereof, as the case may be; provided,
however, that, if the Company makes any payment of principal of,
premium, if any, or interest on, any such Securities following the
reinstatement of its obligations, the Company will be subrogated to the rights
of the Holders of such Securities to receive such payment from the money held
by the Trustee or Paying Agent.

 

ARTICLE IX.

AMENDMENTS AND WAIVERS

 

Section 9.1.                                   Without
Consent of Holders.

 

Notwithstanding Section 9.2
of this Indenture, the Company and the Trustee may amend or supplement this
Indenture or the Securities of one or more Series without the consent of
any Securityholder:

 

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

 

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

 

37

 

(c)                                  to
provide for the assumption of the Company’s obligations to the Holders of the
Securities by a successor to the Company pursuant to Article 5 hereof;

 

(d)                                 to
make any change that would provide any additional rights or benefits to the
Holders of Securities or that does not adversely affect the legal rights
hereunder of any Securityholder;

 

(e)                                  to
comply with requirements of the SEC in order to effect or maintain the
qualification of this Indenture under the TIA

 

(f)                                    to
provide for the issuance of and establish the form and terms and conditions of
Securities of any Series as permitted by this Indenture; or

 

(g)                                 to
evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities of one or more Series and to add to
or change any of the provisions of this Indenture as shall be necessary to
provide for or facilitate the administration of the trusts hereunder by more
than one Trustee.

 

Upon the request of the
Company accompanied by a resolution of its Board of Directors authorizing the
execution of any such amended or supplemental indenture, and upon receipt by
the Trustee of the documents described in Section 7.2 hereof, the Trustee
will join with the Company in the execution of any amended or supplemental
indenture authorized or permitted by the terms of this Indenture and to make
any further appropriate agreements and stipulations that may be therein
contained, but the Trustee will not be obligated to enter into such amended or
supplemental indenture that affects its own rights, duties or immunities under
this Indenture or otherwise.

 

Section 9.2.                                   With
Consent of Holders.

 

The Company and the
Trustee may enter into a supplemental indenture with the written consent of the
Holders of at least a majority in principal amount of the outstanding
Securities of each Series affected by such supplemental indenture
(including consents obtained in connection with a tender offer or exchange
offer for the Securities of such Series), for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
this Indenture or of any supplemental indenture or of modifying in any manner
the rights of the Securityholders of each such Series. Except as provided in Section 6.4,
the Holders of at least a majority in principal amount of the outstanding
Securities of each Series by notice to the Trustee (including consents
obtained in connection with a tender offer or exchange offer for the Securities
of such Series) may waive compliance by the Company with any provision of this
Indenture or the Securities with respect to such Series.

 

It shall not be necessary
for the consent of the Holders of Securities under this Section 9.2 to
approve the particular form of any proposed supplemental indenture or waiver,
but it shall be sufficient if such consent approves the substance thereof. Upon
the request of the Company accompanied by a resolution of its Board of
Directors authorizing the execution of any such amended or supplemental
indenture, and upon the filing with the Trustee of evidence satisfactory to the
Trustee of the consent of the Holders of Securities as aforesaid, and upon
receipt by the Trustee of the documents described in Section 7.2 hereof,
the Trustee will join

 

38

 

with the Company
in the execution of such amended or supplemental indenture unless such amended
or supplemental indenture directly affects the Trustee’s own rights, duties or
immunities under this Indenture or otherwise, in which case the Trustee may in
its discretion, but will not be obligated to, enter into such amended or
supplemental Indenture.

 

After a supplemental
indenture or waiver under this section becomes effective, the Company
shall mail to the Holders of Securities affected thereby and, if any Bearer
Securities affected thereby are outstanding, publish on one occasion in an
Authorized Newspaper, a notice briefly describing the supplemental indenture or
waiver. Any failure by the Company to mail or publish 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 9.3.                                   Limitations.

 

Without the consent of
each Securityholder affected, an amendment or waiver may not (with respect to
any Securities held by a non-consenting Holder):

 

(a)                                  change
the amount of Securities whose Holders must consent to an amendment, supplement
or waiver;

 

(b)                                 reduce
the rate of or extend the time for payment of interest (including default
interest) on any Security;

 

(c)                                  reduce
the principal or change the Stated Maturity of any Security or reduce the
amount of, or postpone the date fixed for, the payment of any sinking fund or
analogous obligation;

 

(d)                                 reduce
the principal amount of Discount Securities payable upon acceleration of the
maturity thereof;

 

(e)                                  waive
a Default or Event of Default in the payment of the principal of or interest,
if any, on any Security (except a rescission of acceleration of the Securities
of any Series by the Holders of at least a majority in principal amount of
the outstanding Securities of such Series and a waiver of the payment
default that resulted from such acceleration);

 

(f)                                    make
the principal of or interest, if any, on any Security payable in any currency
other than that stated in the Security;

 

(g)                                 make
any change in Sections 6.4, 6.7, 9.3 (this sentence), 11.15, or 11.16; or

 

(h)                                 waive
a redemption payment with respect to any Security or change any of the
provisions with respect to the redemption of any Securities, except as
specifically set forth in the Board Resolution, supplemental indenture hereto
or Officers’ Certificate delivered pursuant to Section 2.2.

 

39

 

Section 9.4.                                   Compliance
with Trust Indenture Act.

 

Every amendment to this
Indenture or the Securities of one or more Series shall be set forth in a
supplemental indenture hereto that complies with the TIA as then in effect.

 

Section 9.5.                                   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. However,
any such Holder or subsequent Holder may revoke the consent as to his Security
or portion of a Security if the Trustee receives the notice of revocation
before the date the amendment or waiver becomes effective.

 

Any amendment or waiver
once effective shall bind every Securityholder of each Series affected by
such amendment or waiver unless it is of the type described in any of clauses (a) through
(h) of Section 9.3. In that case, the amendment or waiver shall bind
each Holder of a Security who has consented to it and every subsequent Holder
of a Security or portion of a Security that evidences the same debt as the
consenting Holder’s Security.

 

Section 9.6.                                   Notation
on or Exchange of Securities.

 

The Trustee may place an
appropriate notation about an amendment or waiver on any Security of any Series thereafter
authenticated. The Company in exchange for Securities of that Series may
issue and the Trustee shall authenticate upon request new Securities of that Series that
reflect the amendment or waiver.

 

Section 9.7.                                   Trustee
Protected.

 

In executing, or
accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modifications thereby of the trusts
created by this Indenture, the Trustee shall be entitled to receive, and
(subject to Section 7.1) shall be fully protected in relying upon, an
Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by this Indenture. The Trustee shall sign all
supplemental indentures, except that the Trustee need not sign any supplemental
indenture that adversely affects its rights.

 

ARTICLE X.

SATISFACTION AND DISCHARGE

 

Section 10.1.                             Satisfaction
and Discharge.

 

This Indenture will be
discharged and will cease to be of further effect as to a Series of
Securities issued hereunder, when:

 

(a)                                  either:

 

(i)                                     all
such Securities that have been authenticated, except lost, stolen or destroyed
Securities that have been replaced or paid and Securities for whose payment

 

40

 

money has theretofore been deposited in trust and thereafter repaid to
the Company, have been delivered to the Trustee for cancellation; or

 

(ii)                                  all
such Securities that have not been delivered to the Trustee for cancellation
have become due and payable by reason of the mailing of a notice of redemption
or otherwise or will become due and payable within one year and the Company has
irrevocably deposited or caused to be deposited with the Trustee as trust funds
in trust solely for the benefit of the Holders of such Securities, cash in U.S.
dollars, non-callable Government Securities, or a combination thereof, in such
amounts as will be sufficient, without consideration of any reinvestment of
interest, to pay and discharge the entire Indebtedness on such Securities not
delivered to the Trustee for cancellation for principal, premium, if any, and accrued
interest to the date of maturity or redemption;

 

(b)                                 no
Default or Event of Default has occurred and is continuing on the date of such
deposit (other than a Default or Event of Default resulting from the borrowing
of funds to be applied to such deposit) and the deposit will not result in a
breach or violation of, or constitute a default under, any other instrument to
which the Company or any guarantor, as applicable, of such Securities is a
party or by which the Company or any such guarantor, as applicable, is bound;

 

(c)                                  the
Company or any guarantor of such Securities has paid or caused to be paid all
sums payable by it under this Indenture; and

 

(d)                                 the
Company has delivered irrevocable instructions to the Trustee for such
Securities under this Indenture to apply the deposited money toward the payment
of such Securities at maturity or on the redemption date, as the case may be.

 

In addition, the Company
must deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee
for such Securities stating that all conditions precedent to satisfaction and
discharge have been satisfied.

 

Notwithstanding the
satisfaction and discharge of this Indenture, if money has been deposited with
the Trustee pursuant to subclause (b) of this Section 10.1, the provisions
of Sections 10.2 and 8.6 hereof will survive. In addition, nothing in this Section 10.1
will be deemed to discharge those provisions of Section 7.7 hereof, that,
by their terms, survive the satisfaction and discharge of this Indenture.

 

Section 10.2.                             Application
of Trust Money.

 

Subject to the provisions
of Section 8.6 hereof, all money deposited with a Trustee pursuant to Section 10.1
hereof shall be held in trust and applied by it, in accordance with the
provisions of the Securities with respect to which such deposit was made and
this Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as such Trustee may
determine, to the persons entitled thereto, of the principal (and premium, if
any) and interest for whose payment such money has been deposited with such
Trustee; but such money need not be segregated from other funds except to the
extent required by law.

 

41

 

If such Trustee or Paying
Agent is unable to apply any money or Government Securities in accordance with Section 10.1
hereof by reason of any legal proceeding or by reason of any order or judgment
of any court or governmental authority enjoining, restraining or otherwise prohibiting
such application, the Company’s and any applicable guarantor’s obligations
under this Indenture and the applicable Securities shall be revived and
reinstated as though no deposit had occurred pursuant to Section 10.1
hereof; provided that if the Company has made any payment of principal
of, premium, if any, or interest on, any Securities because of the
reinstatement of its obligations, the Company shall be subrogated to the rights
of the Holders of such Securities to receive such payment from the money or
Government Securities held by the Trustee or Paying Agent.

 

ARTICLE XI.

MISCELLANEOUS

 

Section 11.1.                             Trust
Indenture Act Controls.

 

If any provision of this
Indenture limits, qualifies, or conflicts with another provision which is
required or deemed to be included in this Indenture by the TIA, such required
or deemed provision shall control.

 

Section 11.2.                             Notices.

 

Any notice or
communication by the Company or the Trustee to the other, or by a Holder to the
Company or the Trustee, is duly given if in writing and delivered in person or
mailed by first-class mail:

 

	
   

  	
  if to the Company:

   

  B&G Foods, Inc.

  Four Gatehall Drive, Suite 110

  Parsippany, NJ 07054

  Attention: General Counsel

  Telephone: (973) 401-6500

  Facsimile: (973) 630-6550

   

  
	
   

  	
  if to the Trustee:

   

  The Bank of New York

  101 Barclay Street, Floor 8W

  New York, NY 10286

  Attention: Corporate Trust Administration

  Telephone: (212) 815-

  Facsimile: (212) 815-5707

  

 

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

 

42

 

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 and, if any Bearer
Securities are outstanding, published in an Authorized Newspaper. Failure to
mail a notice or communication to a Securityholder of any Series or any
defect in it shall not affect its sufficiency with respect to other
Securityholders of that or any other Series.

 

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

 

If the Company mails a
notice or communication to Securityholders, it shall mail a copy to the Trustee
and each Agent at the same time.

 

Section 11.3.                             Communication
by Holders with Other Holders.

 

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

 

Section 11.4.                             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, 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.

 

Section 11.5.                             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 a certificate provided pursuant to TIA § 314(a)(4))
shall comply with the provisions of TIA § 314(e) and shall include:

 

(a)                                  a
statement that the person making such certificate or opinion has read such
covenant or condition;

 

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

 

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

 

43

 

(d)                                 a
statement as to whether or not, in the opinion of such person, such condition
or covenant has been complied with.

 

Section 11.6.                             Rules by
Trustee and Agents.

 

The Trustee may make
reasonable rules for action by or a meeting of Securityholders of one or
more Series. Any Agent may make reasonable rules and set reasonable
requirements for its functions.

 

Section 11.7.                             Legal
Holidays.

 

Unless otherwise provided
by Board Resolution, Officers’ Certificate or supplemental indenture hereto for
a particular Series, a “Legal Holiday” is any day that is not a Business Day. 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 11.8.                             No
Recourse Against Others.

 

A director, officer,
employee or stockholder, as such, of the Company shall not have any liability
for any obligations of the Company under the 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 for the
issue of the Securities.

 

Section 11.9.                             Counterparts.

 

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

 

Section 11.10.                       Governing
Laws.

 

THE INTERNAL LAW OF THE STATE OF
NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE SECURITIES AND
ANY GUARANTEES OF THE SECURITIES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES
OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY.

 

Section 11.11.                       No
Adverse Interpretation of Other Agreements.

 

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

 

44

 

Section 11.12.                       Successors.

 

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

 

Section 11.13.                       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 11.14.                       Table of
Contents, Headings, Etc.

 

The Table of Contents,
Cross-Reference Table, and headings of the Articles and Sections of this
Indenture have been inserted for convenience of reference only, are not to be
considered a part hereof, and shall in no way modify or restrict any of the
terms or provisions hereof.

 

Section 11.15.                       Securities
in a Foreign Currency or in ECU.

 

Unless otherwise
specified in a Board Resolution, a supplemental indenture hereto or an Officers’
Certificate delivered pursuant to Section 2.2 of this Indenture with
respect to a particular Series of Securities, whenever for purposes of
this Indenture any action may be taken by the Holders of a specified percentage
in aggregate principal amount of Securities of all Series or all Series affected
by a particular action at the time outstanding and, at such time, there are
outstanding Securities of any Series which are denominated in a coin or
currency other than Dollars (including ECUs), then the principal amount of
Securities of such Series which shall be deemed to be outstanding for the
purpose of taking such action shall be that amount of Dollars that could be
obtained for such amount at the Market Exchange Rate at such time. For purposes
of this Section 10.15, “Market Exchange Rate” shall mean the noon Dollar
buying rate in New York City for cable transfers of that currency as published
by the Federal Reserve Bank of New York; provided, however, in
the case of ECUs, Market Exchange Rate shall mean the rate of exchange
determined by the Commission of the European Union (or any successor thereto)
as published in the Official Journal of the European Union (such publication or
any successor publication, the “Journal”). If such Market Exchange Rate is not
available for any reason with respect to such currency, the Trustee shall use,
in its sole discretion and without liability on its part, such quotation of the
Federal Reserve Bank of New York or, in the case of ECUs, the rate of exchange
as published in the Journal, as of the most recent available date, or
quotations or, in the case of ECUs, rates of exchange from one or more major
banks in The City of New York or in the country of issue of the currency in
question or, in the case of ECUs, in Luxembourg or such other quotations or, in
the case of ECUs, rates of exchange as the Trustee, upon consultation with the
Company, shall deem appropriate. The provisions of this paragraph shall apply
in determining the equivalent principal amount in respect of Securities of a Series denominated
in currency other than Dollars in connection with any action taken by Holders
of Securities pursuant to the terms of this Indenture.

 

All decisions and
determinations of the Trustee regarding the Market Exchange Rate or any
alternative determination provided for in the preceding paragraph shall be in
its sole

 

45

 

discretion and
shall, in the absence of manifest error, to the extent permitted by law, be
conclusive for all purposes and irrevocably binding upon the Company and all
Holders.

 

Section 11.16.                       Judgment
Currency.

 

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

 

ARTICLE XII.

SINKING FUNDS

 

Section 12.1.                             Applicability
of Article.

 

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

 

The minimum amount of any
sinking fund payment provided for by the terms of the Securities of any Series is
herein referred to as a “mandatory sinking fund payment” and any other amount
provided for by the terms of Securities of such Series is herein referred
to as an “optional sinking fund payment.” 
If provided for by the terms of Securities of any Series, the cash
amount of any sinking fund payment may be subject to reduction as provided in Section 12.2.
Each sinking fund payment shall be applied to the redemption of Securities of
any Series as provided for by the terms of the Securities of such Series.

 

46

 

Section 12.2.                             Satisfaction
of Sinking Fund Payments with Securities.

 

The Company may, in
satisfaction of all or any part of any sinking fund payment with respect to the
Securities of any Series to be made pursuant to the terms of such
Securities (1) deliver outstanding Securities of such Series to which
such sinking fund payment is applicable (other than any of such Securities
previously called for mandatory sinking fund redemption) and (2) apply as
credit Securities of such Series to which such sinking fund payment is
applicable and which have been repurchased by the Company or redeemed either at
the election of the Company pursuant to the terms of such Series of
Securities (except pursuant to any mandatory sinking fund) or through the
application of permitted optional sinking fund payments or other optional
redemptions pursuant to the terms of such Securities, provided that such
Securities have not been previously so credited. Such Securities shall be
received by the Trustee, together with an Officers’ Certificate with respect
thereto, not later than 15 days prior to the date on which the Trustee begins
the process of selecting Securities for redemption, and shall be credited for
such purpose by the Trustee at the price specified in such Securities for
redemption through operation of the sinking fund and the amount of such sinking
fund payment shall be reduced accordingly. If as a result of the delivery or
credit of Securities in lieu of cash payments pursuant to this Section 12.2,
the principal amount of Securities of such Series to be redeemed in order
to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee
need not call Securities of such Series for redemption, except upon
receipt of a Company Order that such action be taken, and such cash payment
shall be held by the Trustee or a Paying Agent and applied to the next
succeeding sinking fund payment, provided, however, that the
Trustee or such Paying Agent shall from time to time upon receipt of a Company
Order pay over and deliver to the Company any cash payment so being held by the
Trustee or such Paying Agent upon delivery by the Company to the Trustee of
Securities of that Series purchased by the Company having an unpaid
principal amount equal to the cash payment required to be released to the
Company.

 

Section 12.3.                             Redemption
of Securities for Sinking Fund.

 

Not less than 45 days
(unless otherwise indicated in the Board Resolution, supplemental indenture or
Officers’ Certificate in respect of a particular Series of Securities)
prior to each sinking fund payment date for any Series of Securities, the
Company will deliver to the Trustee an Officers’ Certificate specifying the
amount of the next ensuing mandatory sinking fund payment for that Series pursuant
to the terms of that Series, the portion thereof, if any, which is to be
satisfied by payment of cash and the portion thereof, if any, which is to be
satisfied by delivering and crediting of Securities of that Series pursuant
to Section 12.2, and the optional amount, if any, to be added in cash to
the next ensuing mandatory sinking fund payment, and the Company shall
thereupon be obligated to pay the amount therein specified. Not less than 30
days (unless otherwise indicated in the Board Resolution, Officers’ Certificate
or supplemental indenture in respect of a particular Series of Securities)
before each such sinking fund payment date the Trustee shall select the
Securities to be redeemed upon such sinking fund payment date in the manner
specified in Section 3.2 and cause notice of the redemption thereof to be
given in the name of and at the expense of the Company in the manner provided
in Section 3.3. Such notice having been duly given, the redemption of such
Securities shall be made upon the terms and in the manner stated in Sections
3.4, 3.5 and 3.6.

 

47

 

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

 

	
   

  	
  B&G Foods, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Its:

  
	
   

  	
   

  
	
   

  	
  The Bank of New York

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Its:

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