Document:

tp8k2ex4_1.htm

    Exhibit 4.1

     

    
      
        

        

        

        Conformed Copy

      

      
        

        

      

       

      

       

      Mettler-Toledo
International Inc.

       

       

       

      $100,000,000
6.30% Series 2009-A Senior Notes

      due June
25, 2015

       

      ________________

       

       

       

      Note
Purchase Agreement

       

       

      ________________

       

      

       

      

       

      Dated as
of June 25, 2009

       

       

       

       

       

       

      
        

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        
          
            	
                    Section

                  	
                    Heading

                  	
                    Page

                  
	
                    SECTION
      1.

                  	
                    Authorization
      of Notes

                  	
                    1

                  
	
                    SECTION
      2.

                  	
                    Sale
      and Purchase of Series 2009-A Notes; Additional Series of
      Notes

                  	
                    1

                  
	 
      	
                    Section
      2.1

                  	
                    Series
      2009-A

                  	
                    1

                  
	 
      	
                    Section
      2.2

                  	
                    Additional
      Series of Notes

                  	
                    1

                  
	
                    SECTION
      3.

                  	
                    Closing

                  	
                    3

                  
	
                    SECTION
      4.

                  	
                    Conditions
      to Closing

                  	
                    4

                  
	 
      	
                    Section
      4.1

                  	
                    Representations
      and Warranties

                  	
                    4

                  
	 
      	
                    Section
      4.2

                  	
                    Performance;
      No Default

                  	
                    4

                  
	 
      	
                    Section
      4.3

                  	
                    Compliance
      Certificates

                  	
                    4

                  
	 
      	
                    Section
      4.4

                  	
                    Opinions
      of Counsel

                  	
                    4

                  
	 
      	
                    Section
      4.5

                  	
                    Purchase
      Permitted By Applicable Law, Etc

                  	
                    4

                  
	 
      	
                    Section
      4.6

                  	
                    Sale
      of Other Series 2009-A Notes

                  	
                    5

                  
	 
      	
                    Section
      4.7

                  	
                    Payment
      of Special Counsel Fees

                  	
                    5

                  
	 
      	
                    Section
      4.8

                  	
                    Private
      Placement Number

                  	
                    5

                  
	 
      	
                    Section
      4.9

                  	
                    Changes
      in Corporate Structure

                  	
                    5

                  
	 
      	
                    Section
      4.10

                  	
                    Funding
      Instructions

                  	
                    5

                  
	 
      	
                    Section
      4.11

                  	
                    Proceedings
      and Documents

                  	
                    5

                  
	
                    SECTION
      5.

                  	
                    Representations
      and Warranties of the Company

                  	
                    5

                  
	 
      	
                    Section
      5.1

                  	
                    Organization;
      Power and Authority

                  	
                    5

                  
	 
      	
                    Section
      5.2

                  	
                    Authorization,
      Etc

                  	
                    6

                  
	 
      	
                    Section
      5.3

                  	
                    Disclosure

                  	
                    6

                  
	 
      	
                    Section
      5.4

                  	
                    Organization
      and Ownership of Shares of Subsidiaries

                  	
                    6

                  
	 
      	
                    Section
      5.5

                  	
                    Financial
      Statements; Material Liabilities

                  	
                    7

                  
	 
      	
                    Section
      5.6

                  	
                    Compliance
      with Laws, Other Instruments, Etc

                  	
                    7

                  
	 
      	
                    Section
      5.7

                  	
                    Governmental
      Authorizations, Etc

                  	
                    8

                  
	 
      	
                    Section
      5.8

                  	
                    Litigation;
      Observance of Agreements, Statutes and Orders

                  	
                    8

                  
	 
      	
                    Section
      5.9

                  	
                    Taxes

                  	
                    8

                  
	 
      	
                    Section
      5.10

                  	
                    Title
      to Property; Leases

                  	
                    8

                  
	 
      	
                    Section
      5.11

                  	
                    Licenses,
      Permits, Etc

                  	
                    9

                  
	 
      	
                    Section
      5.12

                  	
                    Compliance
      with ERISA

                  	
                    9

                  
	 
      	
                    Section
      5.13

                  	
                    Private
      Offering by the Company

                  	
                    10

                  
	 
      	
                    Section
      5.14

                  	
                    Use
      of Proceeds; Margin Regulations

                  	
                    10

                  
	 
      	
                    Section
      5.15

                  	
                    Existing
      Indebtedness; Future Liens

                  	
                    11

                  
	 
      	
                    Section
      5.16

                  	
                    Foreign
      Assets Control Regulations, Etc

                  	
                    11

                  
	 
      	
                    Section
      5.17

                  	
                    Status
      under Certain Statutes

                  	
                    12

                  
	 
      	
                    Section
      5.18

                  	
                    Environmental
      Matters

                  	
                    12

                  
	 
      	
                    Section
      5.19

                  	
                    Notes
      Rank Pari Passu

                  	
                    13

                  
	
                    SECTION
      6.

                  	
                    Representations
      of the Purchasers

                  	
                    13

                  
	 
      	
                    Section
      6.1

                  	
                    Purchase
      for Investment

                  	
                    13

                  
	 
      	
                    Section
      6.2

                  	
                    Accredited
      Investor

                  	
                    13

                  
	 
      	
                    Section
      6.3

                  	
                    Source
      of Funds

                  	
                    13

                  
	
                    SECTION
      7.

                  	
                    Information
      as to Company

                  	
                    15

                  
	 
      	
                    Section
      7.1

                  	
                    Financial
      and Business Information

                  	
                    15

                  
	 
      	
                    Section
      7.2

                  	
                    Officer’s
      Certificate

                  	
                    17

                  
	 
      	
                    Section
      7.3

                  	
                    Visitation

                  	
                    18

                  
	
                    SECTION
      8.

                  	
                    Payment
      and Prepayment of the Notes

                  	
                    18

                  
	 
      	
                    Section
      8.1

                  	
                    Required
      Prepayments

                  	
                    18

                  
	 
      	
                    Section
      8.2

                  	
                    Optional
      Prepayments with Make-Whole Amount

                  	
                    19

                  
	 
      	
                    Section
      8.3

                  	
                    Allocation
      of Partial Prepayments

                  	
                    19

                  
	 
      	
                    Section
      8.4

                  	
                    Maturity;
      Surrender, Etc

                  	
                    19

                  
	 
      	
                    Section
      8.5

                  	
                    Purchase
      of Notes

                  	
                    19

                  
	 
      	
                    Section
      8.6

                  	
                    Offer
      to Prepay Upon Sale of Assets

                  	
                    20

                  
	 
      	
                    Section
      8.7

                  	
                    Offer
      to Prepay Notes in the Event of a Change in Control

                  	
                    21

                  
	 
      	
                    Section
      8.8

                  	
                    Make-Whole
      Amount for the Series 2009-A Notes

                  	
                    24

                  
	
                    SECTION
      9.

                  	
                    Affirmative
      Covenants

                  	
                    25

                  
	 
      	
                    Section
      9.1

                  	
                    Compliance
      with Law

                  	
                    25

                  
	 
      	
                    Section
      9.2

                  	
                    Insurance

                  	
                    25

                  
	 
      	
                    Section
      9.3

                  	
                    Maintenance
      of Properties

                  	
                    26

                  
	 
      	
                    Section
      9.4

                  	
                    Payment
      of Taxes and Claims

                  	
                    26

                  
	 
      	
                    Section
      9.5

                  	
                    Corporate
      Existence, Etc

                  	
                    26

                  
	 
      	
                    Section
      9.6

                  	
                    Notes
      to Rank Pari Passu

                  	
                    26

                  
	 
      	
                    Section
      9.7

                  	
                    Books
      and Records

                  	
                    26

                  
	 
      	
                    Section
      9.8

                  	
                    Designation
      of Subsidiaries

                  	
                    27

                  
	 
      	
                    Section
      9.9

                  	
                    Subsidiary
      Guarantors

                  	
                    27

                  
	
                    SECTION
      10.

                  	
                    Negative
      Covenants

                  	
                    28

                  
	 
      	
                    Section
      10.1

                  	
                    Interest
      Coverage Ratio

                  	
                    28

                  
	 
      	
                    Section
      10.2

                  	
                    Leverage
      Ratio

                  	
                    28

                  
	 
      	
                    Section
      10.3

                  	
                    Priority
      Indebtedness

                  	
                    28

                  
	 
      	
                    Section
      10.4

                  	
                    Limitation
      on Liens

                  	
                    29

                  
	 
      	
                    Section
      10.5

                  	
                    Sales
      of Assets

                  	
                    32

                  
	 
      	
                    Section
      10.6

                  	
                    Merger
      and Consolidation

                  	
                    32

                  
	 
      	
                    Section
      10.7

                  	
                    Limitation
      on Unrestricted Subsidiaries

                  	
                    33

                  
	 
      	
                    Section
      10.8

                  	
                    Transactions
      with Affiliates

                  	
                    34

                  
	 
      	
                    Section
      10.9

                  	
                    Line
      of Business

                  	
                    34

                  
	 
      	
                    Section
      10.10

                  	
                    Terrorism
      Sanctions Regulations

                  	
                    34

                  
	
                    SECTION
      11.

                  	
                    Events
      of Default

                  	
                    34

                  
	
                    SECTION
      12.

                  	
                    Remedies
      on Default, Etc

                  	
                    37

                  
	 
      	
                    Section
      12.1

                  	
                    Acceleration

                  	
                    37

                  
	 
      	
                    Section
      12.2

                  	
                    Other
      Remedies

                  	
                    38

                  
	 
      	
                    Section
      12.3

                  	
                    Rescission

                  	
                    38

                  
	 
      	
                    Section
      12.4

                  	
                    No
      Waivers or Election of Remedies, Expenses, Etc

                  	
                    38

                  
	
                    SECTION
      13.

                  	
                    Registration;
      Exchange; Substitution of Notes

                  	
                    39

                  
	 
      	
                    Section
      13.1

                  	
                    Registration
      of Notes

                  	
                    39

                  
	 
      	
                    Section
      13.2

                  	
                    Transfer
      and Exchange of Notes

                  	
                    39

                  
	 
      	
                    Section
      13.3

                  	
                    Replacement
      of Notes

                  	
                    40

                  
	
                    SECTION
      14.

                  	
                    Payments
      on Notes

                  	
                    40

                  
	 
      	
                    Section
      14.1

                  	
                    Place
      of Payment

                  	
                    40

                  
	 
      	
                    Section
      14.2

                  	
                    Home
      Office Payment

                  	
                    40

                  
	
                    SECTION
      15.

                  	
                    Expenses,
      Etc

                  	
                    41

                  
	 
      	
                    Section
      15.1

                  	
                    Transaction
      Expenses

                  	
                    41

                  
	 
      	
                    Section
      15.2

                  	
                    Survival

                  	
                    41

                  
	
                    SECTION
      16.

                  	
                    Survival
      of Representations and Warranties; Entire Agreement

                  	
                    41

                  
	
                    SECTION
      17.

                  	
                    Amendment
      and Waiver

                  	
                    42

                  
	 
      	
                    Section
      17.1

                  	
                    Requirements

                  	
                    42

                  
	 
      	
                    Section
      17.2

                  	
                    Solicitation
      of Holders of Notes

                  	
                    42

                  
	 
      	
                    Section
      17.3

                  	
                    Binding
      Effect, Etc

                  	
                    43

                  
	 
      	
                    Section
      17.4

                  	
                    Notes
      Held by Company, Etc

                  	
                    43

                  
	
                    SECTION
      18.

                  	
                    Notices

                  	
                    43

                  
	
                    SECTION
      19.

                  	
                    Reproduction
      of Documents

                  	
                    44

                  
	
                    SECTION
      20.

                  	
                    Confidential
      Information

                  	
                    44

                  
	
                    SECTION
      21.

                  	
                    Substitution
      of Purchaser

                  	
                    45

                  
	
                    SECTION
      22.

                  	
                    Miscellaneous

                  	
                    46

                  
	 
      	
                    Section
      22.1

                  	
                    Successors
      and Assigns

                  	
                    46

                  
	 
      	
                    Section
      22.2

                  	
                    Payments
      Due on Non-Business Days

                  	
                    46

                  
	 
      	
                    Section
      22.3

                  	
                    Accounting
      Terms

                  	
                    46

                  
	 
      	
                    Section
      22.4

                  	
                    Severability

                  	
                    46

                  
	 
      	
                    Section
      22.5

                  	
                    Construction,
      Etc

                  	
                    47

                  
	 
      	
                    Section
      22.6

                  	
                    Counterparts

                  	
                    47

                  
	 
      	
                    Section
      22.7

                  	
                    Governing
      Law

                  	
                    47

                  
	 
      	
                    Section
      22.8

                  	
                    Jurisdiction
      and Process; Waiver of Jury Trial

                  	
                    47

                  

          

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        Attachments
to the Note Purchase Agreement:

      

       

      
        
          
            	
                    Schedule A

                  	
                    —

                  	
                    Information
      Relating to Purchasers

                  
	
                    Schedule B

                  	
                    —

                  	
                    Defined
      Terms

                  
	
                    Schedule 5.3

                  	
                    —

                  	
                    Disclosure
      Materials

                  
	
                    Schedule 5.4

                  	
                    —

                  	
                    Subsidiaries
      of the Company, Ownership of Subsidiary Stock

                  
	
                    Schedule 5.5

                  	
                    —

                  	
                    Financial
      Statements

                  
	
                    Schedule 5.15

                  	
                    —

                  	
                    Existing
      Indebtedness; Future Liens

                  
	
                    Schedule 10.4

                  	
                    —

                  	
                    Existing
      Liens

                  
	
                    Exhibit 1

                  	
                    —

                  	
                    Form
      of 6.30% Series 2009-A Senior Note due June 25, 2015

                  
	
                    Exhibit 4.4(a)

                  	
                    —

                  	
                    Form
      of Opinion of Special Counsel to the Company

                  
	
                    Exhibit 4.4(b)

                  	
                    —

                  	
                    Form
      of Opinion of Special Counsel to the Purchasers

                  
	
                    Exhibit S

                  	
                    —

                  	
                    Form
      of Supplement

                  

          

        

      

       

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

      Mettler-Toledo
International Inc.

      1900
Polaris Parkway

      Columbus,
OH 43240

      

      $100,000,000
6.30% Series 2009-A Senior Notes due June 25, 2015

       

      Dated as
of

      June 25,
2009

       

      To
the Purchasers listed in

           the
attached Schedule A:

      

      Ladies
and Gentlemen:

       

      Mettler-Toledo
International Inc., a Delaware corporation (the “Company”), agrees with the
purchasers listed in the attached Schedule A (the “Purchasers”) to this Note
Purchase Agreement (this “Agreement”) as
follows:

       

      SECTION
1. Authorization
of Notes.

       

      The
Company will authorize the issue and sale of $100,000,000 aggregate principal
amount of its 6.30% Series 2009-A Senior Notes due June 25, 2015 (the “Series 2009-A Notes”).  The
Series 2009-A Notes together with each Series of Additional Notes which may from
time to time be issued pursuant to the provisions of Section 2.2 are
collectively referred to herein as the “Notes” (such term shall also
include any such notes issued in substitution therefor pursuant to Section
13).  The Series 2009-A Notes shall be substantially in the form
set out in Exhibit 1 with such changes therefrom, if any, as may be
approved by the Purchasers and the Company.  Certain capitalized and
other terms used in this Agreement are defined in Schedule B; and references to
a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or
an Exhibit attached to this Agreement.

       

      SECTION
2. Sale
and Purchase of Series 2009-A Notes; Additional Series of
Notes.

       

      Section
2.1 Series
2009-A.  Subject to the terms and conditions of this Agreement,
the Company will issue and sell to each Purchaser and each Purchaser will
purchase from the Company, on the Closing Date provided for in Section 3,
the Series 2009-A Notes in the principal amount specified opposite such
Purchaser’s name in Schedule A at the purchase price of 100% of the principal
amount thereof.  The Purchasers’ obligations hereunder are several and
not joint obligations and no Purchaser shall have any liability to any Person
for the performance or non-performance of any obligation by any other Purchaser
hereunder.

       

      Section
2.2 Additional Series of
Notes.

       

      (a) The
Company may, from time to time, in its sole discretion but subject to the terms
hereof, issue and sell one or more additional Series of its unsecured promissory
notes under the provisions of this Agreement pursuant to a supplement (a “Supplement”) substantially
in the form of Exhibit S, provided that the aggregate
principal amount of Notes of all Series issued pursuant to this Agreement and
all Supplements entered into in accordance with the terms of this
Section 2.2 shall not exceed $600,000,000.

       

      (b) Each
additional Series of Notes (the “Additional Notes”) issued
pursuant to a Supplement shall be subject to the following terms and
conditions:

       

      (1) each
Series of Additional Notes, when so issued, shall be differentiated from all
previous Series by sequential alphabetical designation inscribed
thereon;

       

      (2) Additional
Notes of the same Series may consist of more than one different and separate
tranches and may differ with respect to outstanding principal amounts, maturity
dates, interest rates and premiums, if any, and price and terms of redemption or
payment prior to maturity, but all such different and separate tranches of the
same Series shall, if and to the extent this Agreement requires or permits
voting by Series, vote as a single class and constitute one Series;

       

      (3) each
Series of Additional Notes shall be dated the date of issue, bear interest at
such rate or rates, mature on such date or dates, be subject to such put rights
and mandatory and optional prepayment on the dates and at the premiums, if any,
have such additional or different conditions precedent to closing, such
representations and warranties and such additional covenants and defaults as
shall be specified in the Supplement under which such Additional Notes are
issued and upon execution of any such Supplement, this Agreement shall be deemed
amended (i) to reflect such additional put rights, covenants and defaults
without further action on the part of the holders of Notes outstanding under
this Agreement, provided, that any such
additional put rights, covenants and defaults shall inure to the benefit of all
holders of Notes so long as any Additional Notes issued pursuant to such
Supplement remain outstanding and (ii) to reflect such representations and
warranties as are contained in such Supplement for the benefit of the holders of
such Additional Notes in accordance with the provisions of Section
16;

       

      (4) each
Series of Additional Notes issued under this Agreement shall be in substantially
the form of Exhibit 1 to Exhibit S with such variations, omissions and
insertions as are necessary or permitted hereunder;

       

      (5) the
minimum principal amount of any Note issued under a Supplement shall be
$100,000, except as may be necessary to evidence the outstanding amount of any
Note originally issued in a denomination of $100,000 or more;

       

      (6) all
Additional Notes shall constitute Senior Indebtedness of the Company and shall
rank pari passu with
all other outstanding Notes; and

       

      (7) no
Additional Notes shall be issued hereunder if at the time of issuance thereof
and after giving effect to the application of the proceeds thereof, (i) any
Default or Event of Default shall have occurred and be continuing or (ii) a
waiver of Default or Event of Default shall be in effect.

       

      (c) The right
of the Company to issue, and the obligation of the Additional Purchasers to
purchase, any Additional Notes shall be subject to the following conditions
precedent, in addition to the conditions specified in the Supplement pursuant to
which such Additional Notes may be issued:

       

      (1) a duly
authorized Senior Financial Officer shall execute and deliver to each Additional
Purchaser and each holder of Notes an Officer’s Certificate dated the date of
issue of such Series of Additional Notes stating that such officer has reviewed
the provisions of this Agreement (including all Supplements) and setting forth
the information and computations (in sufficient detail) required to establish
whether after giving effect to the issuance of the Additional Notes and after
giving effect to the application of the proceeds thereof, the Company is in
compliance with the requirements of Section 10.2 on such date;

       

      (2) the
Company and each such Additional Purchaser shall execute and deliver a
Supplement substantially in the form of Exhibit S;

       

      (3) each
Additional Purchaser shall have confirmed in the Supplement that the
representations set forth in Section 6 are true with respect to such
Additional Purchaser on and as of the date of issue of such Additional Notes;
and

       

      (4) each
Subsidiary Guarantor, if any, shall execute and deliver such documents and
agreements as any Additional Purchaser or other holder of Notes may reasonably
require to confirm that its Subsidiary Guaranty guarantees the obligations of
the Company under such Additional Notes and under each other Series of Notes
outstanding.

       

      SECTION
3. Closing.

       

      The sale
and purchase of the Series 2009-A Notes to be purchased by each Purchaser shall
occur at the offices of Schiff Hardin LLP, 900 Third Avenue, 23rd Floor,
New York, New York 10022 at 11:00 a.m. New York, New York time, at a closing on
June 25, 2009 (the “Closing Date”).  On
the Closing Date, the Company will deliver to each Purchaser the Series 2009-A
Notes to be purchased by such Purchaser in the form of a single Series 2009-A
Note (or such greater number of Series 2009-A Notes in denominations of at least
$100,000 as such Purchaser may request) dated the Closing Date and registered in
such Purchaser’s name (or in the name of its nominee), against delivery by such
Purchaser to the Company or its order of immediately available funds in the
amount of the purchase price therefor by wire transfer of immediately available
funds for the account of the Company in accordance with the funding instructions
described in Section 4.10.  If, on the Closing Date, the Company
shall fail to tender such Series 2009-A Notes to any Purchaser as provided above
in this Section 3, or any of the conditions specified in Section 4
shall not have been fulfilled to any Purchaser’s satisfaction, such Purchaser
shall, at its election, be relieved of all further obligations under this
Agreement, without thereby waiving any rights such Purchaser may have by reason
of such failure or such nonfulfillment.

       

      SECTION
4. Conditions
to Closing.

       

      Each
Purchaser’s obligation to purchase and pay for the Series 2009-A Notes to be
sold to such Purchaser on the Closing Date is subject to the fulfillment to such
Purchaser’s satisfaction, prior to or on the Closing Date, of the following
conditions:

       

      Section
4.1 Representations and
Warranties.  The representations and warranties of the Company
in this Agreement shall be correct when made and on the Closing
Date.

       

      Section
4.2 Performance; No Default. 
The Company shall have performed and complied with all agreements and conditions
contained in this Agreement required to be performed or complied with by it
prior to or on the Closing Date, and after giving effect to the issue and sale
of the Series 2009-A Notes (and the application of the proceeds thereof as
contemplated by Section 5.14), no Default or Event of Default shall have
occurred and be continuing.  Neither the Company nor any Subsidiary
shall have entered into any transaction since the date of the Company’s last
Quarterly Report on Form 10-Q filed with the SEC that would have been prohibited
by Section 10 had such Section applied since such date.

       

      Section
4.3 Compliance
Certificates.

       

      (a) Officer’s
Certificate.  The Company shall have delivered to such
Purchaser an Officer’s Certificate, dated the Closing Date, certifying that the
conditions specified in Sections 4.1, 4.2 and 4.9 have been
fulfilled.

       

      (b) Secretary’s
Certificate.  The Company shall have delivered to such
Purchaser a certificate of its Secretary or Assistant Secretary, dated the
Closing Date, certifying as to the resolutions attached thereto and other
corporate proceedings relating to the authorization, execution and delivery of
the Series 2009-A Notes and this Agreement.

       

      Section
4.4 Opinions of Counsel. Such
Purchaser shall have received opinions in form and substance satisfactory to
such Purchaser, dated the Closing Date (a) from Fried, Frank, Harris,
Shriver & Jacobson (London) LLP, special counsel for the Company, covering
the matters set forth in Exhibit 4.4(a) and covering such other matters
incident to the transactions contemplated hereby as such Purchaser or special
counsel to the Purchasers may reasonably request (and the Company hereby
instructs its counsel to deliver such opinion to the Purchasers) and
(b) from Schiff Hardin LLP, special counsel to the Purchasers in connection
with such transactions, substantially in the form set forth in
Exhibit 4.4(b) and covering such other matters incident to such
transactions as such Purchaser may reasonably request.

       

      Section
4.5 Purchase Permitted By Applicable
Law, Etc. On
the Closing Date, such Purchaser’s purchase of Series 2009-A Notes shall
(a) be permitted by the laws and regulations of each jurisdiction to which
such Purchaser is subject, without recourse to provisions (such as
Section 1405(a)(8) of the New York Insurance Law) permitting limited
investments by insurance companies without restriction as to the character of
the particular investment, (b) not violate any applicable law or regulation
(including, without limitation, Regulation T, U or X of the Board of
Governors of the Federal Reserve System) and (c) not subject such Purchaser
to any tax, penalty or liability under or pursuant to any applicable law or
regulation, which law or regulation was not in effect on the Closing
Date.  If requested by such Purchaser, such Purchaser shall have
received an Officer’s Certificate certifying as to such matters of fact as such
Purchaser may reasonably specify to enable such Purchaser to determine whether
such purchase is so permitted.

       

      Section
4.6 Sale of Other Series 2009-A
Notes. 
On the Closing Date, the Company shall sell to each other Purchaser and each
other Purchaser shall purchase the Series 2009-A Notes to be purchased by it on
the Closing Date as specified in Schedule A.

       

      Section
4.7 Payment of Special Counsel
Fees.  Without limiting the provisions of Section 15.1,
the Company shall have paid on or before the Closing Date, the reasonable fees,
charges and disbursements of special counsel to the Purchasers referred to in
Section 4.4(b) to the extent reflected in a statement of such counsel
rendered to the Company at least one Business Day prior to the Closing
Date.

       

      Section
4.8 Private Placement
Number. A
Private Placement Number issued by Standard & Poor’s CUSIP Service Bureau
(in cooperation with the SVO) shall have been obtained for the Series 2009-A
Notes.

       

      Section
4.9 Changes in Corporate
Structure. 
The Company shall not have changed its jurisdiction of incorporation or been a
party to any merger or consolidation or succeeded to all or any substantial part
of the liabilities of any other entity, at any time following the date of the
most recent financial statements referred to in Schedule 5.5.

       

      Section
4.10 Funding Instructions. At
least three Business Days prior to the Closing Date, such Purchaser shall have
received written instructions signed by a Responsible Officer on letterhead of
the Company directing the manner of the payment of funds and setting forth
(a) the name and address of the transferee bank, (b) such transferee
bank’s ABA number and (c) the account name and number into which the
purchase price for the Series 2009-A Notes is to be deposited.

       

      Section
4.11 Proceedings and
Documents. All
corporate and other proceedings in connection with the transactions contemplated
by this Agreement and all documents and instruments incident to such
transactions shall be satisfactory to such Purchaser and special counsel to the
Purchasers, and such Purchaser and special counsel to the Purchasers shall have
received all such counterpart originals or certified or other copies of such
documents as such Purchaser or special counsel to the Purchasers may reasonably
request.

       

      SECTION
5. Representations
and Warranties of the Company.

       

      The
Company represents and warrants to each Purchaser that:

       

      Section
5.1 Organization; Power and
Authority.  The Company is a corporation duly organized,
validly existing and in good standing under the laws of its jurisdiction of
incorporation, and is duly qualified as a foreign corporation and is in good
standing in each jurisdiction in which such qualification is required by law,
other than those jurisdictions as to which the failure to be so qualified or in
good standing could not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect.  The Company has the
corporate power and authority to (a) own or hold under lease the properties it
purports to own or hold under lease, (b) to transact the business it transacts
and proposes to transact, (c) to execute and deliver this Agreement and the
Series 2009-A Notes and (d) to perform the provisions hereof and thereof, except
in each case referred to in clauses (a) and (b) of this Section 5.1, to the
extent that the failure to have such corporate power and authority could not
reasonably be expected to have a Material Adverse Effect.

       

      Section
5.2 Authorization, Etc. This
Agreement and the Series 2009-A Notes have been duly authorized by all necessary
corporate action on the part of the Company, and this Agreement constitutes, and
upon execution and delivery thereof each Series 2009-A Note will constitute, a
legal, valid and binding obligation of the Company enforceable against the
Company in accordance with its terms, except as such enforceability may be
limited by (a) applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting the enforcement of creditors’ rights
generally and (b) general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law).

       

      Section
5.3 Disclosure. This
Agreement and the documents, certificates or other writings delivered or
otherwise made available to the Purchasers by or on behalf of the Company in
connection with the transactions contemplated hereby and identified in
Schedule 5.3, and the financial statements listed in Schedule 5.5
(this Agreement and such documents, certificates or other writings and such
financial statements delivered or otherwise made available to each Purchaser
prior to May 27, 2009 being referred to, collectively, as the “Disclosure Documents”), taken
as a whole, do not contain any untrue statement of a material fact or omit to
state any material fact necessary to make the statements therein not misleading
in light of the circumstances under which they were made.  Except as
disclosed in the Disclosure Documents, since December 31, 2008, there has
been no change in the financial condition, operations, business or properties of
the Company or any Subsidiary except changes that, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse
Effect.  There is no fact known to the Company that could reasonably
be expected to have a Material Adverse Effect that has not been set forth herein
or in the Disclosure Documents.

       

      Section
5.4 Organization and Ownership of Shares
of Subsidiaries. 

       

      (a) Schedule 5.4
contains (except as noted therein) complete and correct lists of the Company’s
Restricted and Unrestricted Subsidiaries, showing, as to each Subsidiary, the
correct name thereof, the jurisdiction of its organization and, with respect to
each Material Subsidiary, the percentage of shares of each class of its Capital
Stock outstanding owned by the Company and each other Subsidiary.

       

      (b) All of
the outstanding shares of capital stock or similar equity interests of each
Subsidiary shown in Schedule 5.4 as being owned by the Company and its
Subsidiaries have been validly issued, are fully paid and nonassessable and are
owned by the Company or another Subsidiary free and clear of any Lien (except as
otherwise disclosed in Schedule 5.4).

       

      (c) Each
Subsidiary identified in Schedule 5.4 is a corporation or other legal
entity duly organized, validly existing and in good standing under the laws of
its jurisdiction of organization, and is duly qualified as a foreign corporation
or other legal entity and is in good standing in each jurisdiction in which such
qualification is required by law, other than those jurisdictions as to which the
failure to be so qualified or in good standing could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse
Effect.  Each such Subsidiary has the corporate or other power and
authority to own or hold under lease the properties it purports to own or hold
under lease and to transact the business it transacts and proposes to
transact.

       

      (d) No
Subsidiary is a party to, or otherwise subject to, any legal, regulatory,
contractual or other restriction (other than this Agreement, the agreements
listed on Schedule 5.4 and customary limitations imposed by corporate law
or similar statutes) restricting its ability to make Restricted Payments to the
Company or any of its Subsidiaries that owns outstanding shares of Capital Stock
of such Subsidiary, except for such restrictions that do no impair the Company’s
ability to perform its obligations under this Agreement, including, without
limitation, its obligation to make payments hereunder and under the
Notes.

       

      Section
5.5 Financial Statements; Material
Liabilities. The
Company has delivered or otherwise made available to each Purchaser copies of
the financial statements of the Company and its Subsidiaries listed on
Schedule 5.5.  All of said financial statements (including in
each case the related schedules and notes) fairly present in all material
respects the consolidated financial position of the Company and its Subsidiaries
as of the respective dates specified in such Schedule and the consolidated
results of their operations and cash flows for the respective periods so
specified and have been prepared in accordance with GAAP consistently applied
throughout the periods involved except as set forth in the notes thereto
(subject, in the case of any interim financial statements, to normal year-end
adjustments).  The Company and its Subsidiaries do not have any
Material liabilities that are not disclosed on such financial statements or
otherwise disclosed in the Disclosure Documents.

       

      Section
5.6 Compliance with Laws, Other
Instruments, Etc. The
execution, delivery and performance by the Company of this Agreement and the
Series 2009-A Notes will not (a) contravene, result in any breach of, or
constitute a default under, or result in the creation of any Lien in respect of
any property of the Company or any Subsidiary under, (1) any material
indenture, mortgage, deed of trust, loan, purchase or credit agreement or lease,
(2) corporate charter or by-laws or (3) any other material agreement
or instrument to which the Company or any Subsidiary is bound or by which the
Company or any Subsidiary or any of their respective properties may be bound or
affected, (b) conflict with or result in a breach of any of the terms,
conditions or provisions of any material order, judgment, decree, or ruling of
any court, arbitrator or Governmental Authority applicable to the Company or any
Subsidiary or (c) violate in any material respect any provision of any
statute or other rule or regulation of any Governmental Authority
applicable to the Company or any Subsidiary.

       

      Section
5.7 Governmental Authorizations,
Etc. No
consent, approval or authorization of, or registration, filing or declaration
with, any Governmental Authority is required in connection with the execution,
delivery or performance by the Company of this Agreement or the Series 2009-A
Notes.

       

      Section
5.8 Litigation; Observance of
Agreements, Statutes and Orders. 

       

      (a) There are
no actions, suits, investigations or proceedings pending or, to the knowledge of
the Company, threatened against or affecting the Company or any Restricted
Subsidiary or any property of the Company or any Restricted Subsidiary in any
court or before any arbitrator of any kind or before or by any Governmental
Authority that, individually or in the aggregate, could reasonably be expected
to have a Material Adverse Effect.

       

      (b) Neither
the Company nor any Restricted Subsidiary is in default under any term of any
agreement or instrument to which it is a party or by which it is bound, or any
order, judgment, decree or ruling of any court, arbitrator or Governmental
Authority or is in violation of any applicable law, ordinance, rule or
regulation (including, without limitation, Environmental Laws, ERISA or the USA
Patriot Act) of any Governmental Authority, which default or violation,
individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect.

       

      Section
5.9 Taxes. The
Company and its Subsidiaries have filed all federal, state and other material
tax returns that are required to have been filed in any jurisdiction, and have
paid all federal, state and other material taxes shown to be due and payable on
such returns and all other taxes and assessments levied upon them or their
properties, assets, income or franchises, to the extent such taxes and
assessments have become due and payable and before they have become delinquent,
except for any taxes and assessments the amount, applicability or validity of
which is currently being contested in good faith by appropriate proceedings and
with respect to which the Company or a Subsidiary, as the case may be, has
established adequate reserves in accordance with GAAP.  The Company
knows of no basis for any other tax or assessment that could reasonably be
expected to have a Material Adverse Effect.  The charges, accruals and
reserves on the books of the Company and its Subsidiaries in respect of federal,
state or other taxes for all fiscal periods are adequate in accordance with
GAAP.  The federal income tax liabilities of the Company and its
Subsidiaries have been finally determined (whether by reason of completed audits
or the statute of limitations having run) for all fiscal years up to and
including the fiscal year ended December 31, 2006.

       

      Section
5.10 Title to Property;
Leases.  The Company and its Restricted Subsidiaries have good
and sufficient title to their respective properties, including all such
properties reflected in the most recent audited balance sheet referred to in
Section 5.5 or purported to have been acquired by the Company or any
Restricted Subsidiary after said date (except as Disposed of in the ordinary
course of business), in each case free and clear of Liens prohibited by this
Agreement, except for such defects in title or Liens that, individually or in
the aggregate, could not reasonably be expected to have a Material Adverse
Effect.  All leases to which the Company or any Restricted Subsidiary
is a party are valid and subsisting and are in full force and effect, except for
leases the termination of which, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect.

       

      Section
5.11 Licenses, Permits,
Etc.

       

      (a) The
Company and its Restricted Subsidiaries own or possess all licenses, permits,
franchises, authorizations, patents, copyrights, proprietary software, service
marks, trademarks, trade names and domain names, or rights thereto without known
conflict with the rights of others, except where the failure of such ownership
or possession, or the existence of such conflict, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse
Effect.

       

      (b) To the
best knowledge of the Company, no product of the Company or any Restricted
Subsidiary infringes upon any license, permit, franchise, authorization, patent,
copyright, proprietary software, service mark, trademark, trade name, domain
name or other right owned by any other Person, except for such infringements
that, individually or in the aggregate, could not reasonably be expected to have
a Material Adverse Effect.

       

      (c) To the
best knowledge of the Company, there is no violation by any Person of any right
of the Company or any Restricted Subsidiary with respect to any patent,
copyright, proprietary software, service mark, trademark, trade name, domain
name or other right owned or used by the Company or any Restricted Subsidiary,
except for such violations that, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect.

       

      Section
5.12 Compliance
with ERISA.

       

      (a) The
Company and each ERISA Affiliate have operated and administered each Plan in
compliance with all applicable laws except for such instances of noncompliance
as have not resulted in and could not reasonably be expected to result in a
Material Adverse Effect.  Neither the Company nor any ERISA Affiliate
has incurred any liability pursuant to Title I or IV of ERISA or the
penalty or excise tax provisions of the Code relating to employee benefit plans
(as defined in Section 3 of ERISA), and no event, transaction or condition
has occurred or exists that would reasonably be expected to result in the
incurrence of any such liability by the Company or any ERISA Affiliate, or in
the imposition of any Lien on any of the rights, properties or assets of the
Company or any ERISA Affiliate, in either case pursuant to Title I or IV of
ERISA or to such penalty or excise tax provisions or to Code
Section 401(a)(29) or 412 (replaced by Code Sections 436 and 430,
respectively, effective January 1, 2008) or Section 4068 of ERISA,
other than such liabilities or Liens as could not be, individually or in the
aggregate, Material.

       

      (b) The
present value of the aggregate benefit liabilities under each of the Pension
Plans (other than Multiemployer Plans), determined as of the end of such Pension
Plan’s most recently ended plan year on the basis used for determining such
liabilities for the purpose of the funding notice to participants required by
Section 101(f) of ERISA, as estimated on such funding notice, did not
exceed the aggregate current value of the assets of such Pension Plan allocable
to such benefit liabilities by more than $22,000,000 in the aggregate for all
Pension Plans.  The term “current value” has the meaning specified in
Section 3 of ERISA.

       

      (c) The
Company and its ERISA Affiliates have not incurred withdrawal liabilities (and
are not subject to contingent withdrawal liabilities) under Section 4201 or
4204 of ERISA in respect of Multiemployer Plans that, individually or in the
aggregate, are Material.

       

      (d) The
expected postretirement benefit obligation (determined as of the last day of the
Company’s most recently ended fiscal year in accordance with Financial
Accounting Standards Board Statement No. 106, without regard to liabilities
attributable to continuation coverage mandated by Section 4980B of the
Code) of the Company and its Subsidiaries is not more than
$21,000,000.

       

      (e) The
execution and delivery of this Agreement and the issuance and sale of the Series
2009-A Notes hereunder to each Purchaser will not involve any transaction with
respect to such Purchaser that is subject to the prohibitions of
Section 406 of ERISA (for which an exemption under Section 408 of ERISA
does not apply) or in connection with which a tax would be imposed pursuant to
Section 4975(c)(1)(A)-(D) of the Code.  The representation by the
Company to each Purchaser in the first sentence of this Section 5.12(e) is
made in reliance upon and subject to the accuracy of such Purchaser’s
representation in Section 6.3 as to the sources of the funds used to pay
the purchase price of the Series 2009-A Notes to be purchased by such
Purchaser.

       

      Section
5.13 Private Offering by the
Company. Neither
the Company nor anyone acting on its behalf has offered the Series 2009-A Notes
or any similar Securities for sale to, or solicited any offer to buy any of the
same from, or otherwise approached or negotiated in respect thereof with, any
Person other than the Purchasers and not more than 10 other Institutional
Investors of the type described in clause (c) of the definition thereof, each of
which has been offered the Notes at a private sale for
investment.  Neither the Company nor anyone acting on its behalf has
taken, or will take, any action that would subject the issuance or sale of the
Series 2009-A Notes to the registration requirements of Section 5 of the
Securities Act or to the registration requirements of any Securities or blue sky
laws of any applicable jurisdiction.

       

      Section
5.14 Use of Proceeds; Margin
Regulations.  The Company will apply the proceeds of the sale
of the Series 2009-A Notes to refinance existing Indebtedness and for other
general corporate purposes of the Company.  No part of the proceeds
from the sale of the Series 2009-A Notes hereunder will be used, directly or
indirectly, for the purpose of buying or carrying any margin stock within the
meaning of Regulation U of the Board of Governors of the Federal Reserve
System (12 CFR 221), or for the purpose of buying or carrying or
trading in any Securities under such circumstances as to involve the Company in
a violation of Regulation X of said Board (12 CFR 224) or to involve
any broker or dealer in a violation of Regulation T of said Board
(12 CFR 220).  Margin stock does not constitute more than 25% of
the value of consolidated total assets of the Company and its Subsidiaries and
the Company does not have any present intention that margin stock will
constitute more than 25% of the value of such assets.  As used in this
Section, the terms “margin stock” and “purpose of buying or carrying” shall have
the meanings assigned to them in said Regulation U.

       

      Section
5.15 Existing Indebtedness; Future
Liens.  

       

      (a) Except as
described therein, Schedule 5.15 sets forth, as of April 30, 2009, (1)
a complete and correct list of all outstanding Indebtedness of the Company and
its Restricted Subsidiaries (other than Indebtedness of a Restricted Subsidiary
owing to the Company or another Restricted Subsidiary) having an outstanding
principal balance in excess of $10,000,000 (or its equivalent in the relevant
currency of payment) (including a description of the obligors and obligees,
principal amount outstanding and collateral therefor, if any, and Guarantee
thereof, if any), since which date there has been no Material change in the
amounts, interest rates, sinking funds, installment payments or maturities of
such Indebtedness of the Company or its Restricted Subsidiaries and (2) the
aggregate principal amount of outstanding Indebtedness of the Company and its
Restricted Subsidiaries in respect of obligations that, individually, have an
outstanding principal balance of $10,000,000 (or its equivalent in the relevant
currency of payment) or less, since which date there has been no Material change
in the aggregate amount thereof.  Neither the Company nor any
Restricted Subsidiary is in default and no waiver of default is currently in
effect, in the payment of any principal or interest on any Indebtedness of the
Company or such Restricted Subsidiary and no event or condition exists with
respect to any Indebtedness of the Company or any Restricted Subsidiary having
an outstanding principal amount in excess of $10,000,000 (or its equivalent in
the relevant currency of payment) that would permit (or that with notice or the
lapse of time, or both, would permit) one or more Persons to cause such
Indebtedness to become due and payable before its stated maturity or before its
regularly scheduled dates of payment.

       

      (b) Except as
disclosed in Schedule 5.15, neither the Company nor any Restricted
Subsidiary has agreed or consented to cause or permit in the future (upon the
happening of a contingency or otherwise) any of its property, whether now owned
or hereafter acquired, to be subject to a Lien not permitted by
Section 10.4.

       

      (c) Neither
the Company nor any Restricted Subsidiary is a party to, or otherwise subject to
any provision contained in, any instrument evidencing Indebtedness of the
Company or such Restricted Subsidiary, any agreement relating thereto or any
other agreement (including, but not limited to, its charter or other
organizational document) which limits the amount of, or otherwise imposes
restrictions on the incurring of, Indebtedness of the Company, except for the
Bank Credit Agreement and other instruments and agreements evidencing
Indebtedness of the Company or a Restricted Subsidiary, none of which contain
any such provisions that are more restrictive than those contained in the Bank
Credit Agreement.

       

      Section
5.16 Foreign Assets Control Regulations,
Etc.

       

      (a) Neither
the sale of the Series 2009-A Notes by the Company hereunder nor its use of the
proceeds thereof will violate the Trading with the Enemy Act, as amended, or any
of the foreign assets control regulations of the United States Treasury
Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling
legislation or executive order relating thereto.

       

      (b) Neither
the Company nor any Subsidiary (1) is a Person described or designated in
the Specially Designated Nationals and Blocked Persons List of the Office of
Foreign Assets Control or in Section 1 of the Anti-Terrorism Order or
(2) knowingly engages in any dealings or transactions with any such
Person.  The Company and its Subsidiaries are in compliance, in all
material respects, with the USA Patriot Act.

       

      (c) No part
of the proceeds from the sale of the Series 2009-A Notes hereunder will be used,
directly or indirectly, for any payments to any governmental official or
employee, political party, official of a political party, candidate for
political office, or anyone else acting in an official capacity, in order to
obtain, retain or direct business or obtain any improper advantage, in violation
of the United States Foreign Corrupt Practices Act of 1977, as amended, assuming
in all cases that such Act applies to the Company.

       

      Section
5.17 Status under Certain
Statutes. Neither
the Company nor any Restricted Subsidiary is subject to regulation under the
Investment Company Act of 1940, as amended, the Public Utility Holding Company
Act of 2005, as amended, the ICC Termination Act of 1995, as amended, or the
Federal Power Act, as amended.

       

      Section
5.18 Environmental
Matters.

       

      (a) Neither
the Company nor any Restricted Subsidiary has knowledge of any claim or has
received any notice of any claim, and no proceeding has been instituted raising
any claim against the Company or any Restricted Subsidiary or any of their
respective real properties now or formerly owned, leased or operated by any of
them, or other assets, alleging any damage to the environment or violation of
any Environmental Laws, except, in each case, such as could not reasonably be
expected to result in a Material Adverse Effect.

       

      (b) Neither
the Company nor any Restricted Subsidiary has knowledge of any facts which would
give rise to any claim, public or private, of violation of Environmental Laws or
damage to the environment emanating from, occurring on or in any way related to
real properties now or formerly owned, leased or operated by any of them or to
other assets or their use, except, in each case, such as could not reasonably be
expected to result in a Material Adverse Effect.

       

      (c) Neither
the Company nor any Restricted Subsidiary has stored any Hazardous Materials on
real properties now or formerly owned, leased or operated by any of them and has
not disposed of any Hazardous Materials in a manner contrary to any
Environmental Laws in each case in any manner that could reasonably be expected
to result in a Material Adverse Effect.

       

      (d) All
buildings on all real properties now owned, leased or operated by the Company or
any Restricted Subsidiary are in compliance with applicable Environmental Laws,
except where failure to comply could not reasonably be expected to result in a
Material Adverse Effect.

       

      Section
5.19 Notes Rank Pari
Passu.  The obligations of the Company under this Agreement and
the Series 2009-A Notes rank pari passu in right of
payment with all other unsecured Senior Indebtedness (actual or contingent) of
the Company, including, without limitation, all unsecured Senior Indebtedness of
the Company described in Schedule 5.15.

       

      SECTION
6. Representations
of the Purchasers.

       

      Section
6.1 Purchase for Investment. Each
Purchaser severally represents that it is purchasing the Series 2009-A Notes for
its own account or for one or more separate accounts maintained by it or for the
account of one or more pension or trust funds and not with a view to the
distribution thereof, provided that the disposition
of such Purchaser’s or such pension or trust fund’s property shall at all times
be within such Purchaser’s or such pension or trust fund’s
control.  Each Purchaser understands that the Series 2009-A Notes have
not been registered under the Securities Act and may be resold only if
registered pursuant to the provisions of the Securities Act or if an exemption
from registration is available, except under circumstances where neither such
registration nor such an exemption is required by law, and that the Company is
not required to register the Series 2009-A Notes.

       

      Section
6.2 Accredited
Investor.  Each Purchaser represents that it is an “accredited
investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under
the Securities Act acting for its own account (and not for the account of
others) or as a fiduciary or agent for others (which others are also “accredited
investors”).  Each Purchaser further represents that such Purchaser
has had the opportunity to ask questions of the Company and received answers
concerning the terms and conditions of the sale of the Series 2009-A
Notes.

       

      Section
6.3 Source of
Funds.  Each Purchaser severally represents that at least one
of the following statements is an accurate representation as to each source of
funds (a “Source”) to
be used by such Purchaser to pay the purchase price of the Series 2009-A Notes
to be purchased by such Purchaser hereunder:

       

      (a) the
Source is an “insurance company general account” (as the term is defined in the
United States Department of Labor’s Prohibited Transaction Exemption (“PTE”) 95-60) in respect of
which the reserves and liabilities (as defined by the annual statement for life
insurance companies approved by the National Association of Insurance
Commissioners (the “NAIC
Annual Statement”)) for the general account contract(s) held by or on
behalf of any employee benefit plan together with the amount of the reserves and
liabilities for the general account contract(s) held by or on behalf of any
other employee benefit plans maintained by the same employer (or affiliate
thereof as defined in PTE 95-60) or by the same employee organization in the
general account do not exceed 10% of the total reserves and liabilities of the
general account (exclusive of separate account liabilities) plus surplus as set forth in
the NAIC Annual Statement filed with such Purchaser’s state of domicile;
or

       

      (b) the
Source is a separate account that is maintained solely in connection with such
Purchaser’s fixed contractual obligations under which the amounts payable, or
credited, to any employee benefit plan (or its related trust) that has any
interest in such separate account (or to any participant or beneficiary of such
plan (including any annuitant)) are not affected in any manner by the investment
performance of the separate account; or

       

      (c) the
Source is either (1) an insurance company pooled separate account, within the
meaning of PTE 90-1 or (2) a bank collective investment fund, within the meaning
of PTE 91-38 and, except as disclosed by such Purchaser to the Company in
writing pursuant to this clause (c), no employee benefit plan or group of plans
maintained by the same employer or employee organization beneficially owns more
than 10% of all assets allocated to such pooled separate account or collective
investment fund; or

       

      (d) the
Source constitutes assets of an “investment fund” (within the meaning of Part V
of PTE 84-14 (the “QPAM
Exemption”)) managed by a “qualified professional asset manager” or
“QPAM” (within the meaning of Part V of the QPAM Exemption), no employee benefit
plan’s assets that are included in such investment fund, when combined with the
assets of all other employee benefit plans established or maintained by the same
employer or by an affiliate (within the meaning of Section V(c)(1) of the QPAM
Exemption) of such employer or by the same employee organization and managed by
such QPAM, exceed 20% of the total client assets managed by such QPAM, the
conditions of Part I(c) and (g) of the QPAM Exemption are satisfied, neither the
QPAM nor a Person controlling or controlled by the QPAM (applying the definition
of “control” in Section V(e) of the QPAM Exemption) owns a 5% or more interest
in the Company and (1) the identity of such QPAM and (2) the names of all
employee benefit plans whose assets are included in such investment fund have
been disclosed to the Company in writing pursuant to this clause (d);
or

       

      (e) the
Source constitutes assets of a “plan(s)” (within the meaning of Section IV of
PTE 96-23 (the “INHAM
Exemption”)) managed by an “in-house asset manager” or “INHAM” (within
the meaning of Part IV of the INHAM Exemption), the conditions of Part I(a), (g)
and (h) of the INHAM Exemption are satisfied, neither the INHAM nor a Person
controlling or controlled by the INHAM (applying the definition of “control” in
Section IV(d) of the INHAM Exemption) owns a 5% or more interest in the Company
and (1) the identity of such INHAM and (2) the name(s) of the employee benefit
plan(s) whose assets constitute the Source have been disclosed to the Company in
writing pursuant to this clause (e); or

       

      (f) the
Source is a governmental plan; or

       

      (g) the
Source is one or more employee benefit plans, or a separate account or trust
fund comprised of one or more employee benefit plans, each of which has been
identified to the Company in writing pursuant to this clause (g);
or

       

      (h) the
Source does not include assets of any employee benefit plan, other than a plan
exempt from the coverage of ERISA.

       

      As used
in this Section 6.3, the terms “employee benefit plan,” “governmental plan”
and “separate account” shall have the respective meanings assigned to such terms
in Section 3 of ERISA.

       

      SECTION
7. Information
as to Company.

       

      Section
7.1 Financial and Business
Information.  The Company shall deliver to each holder of Notes
that is an Institutional Investor:

       

      (a) Quarterly Statements — within
60 days after the end of each quarterly fiscal period in each fiscal year of the
Company (other than the last quarterly fiscal period of each such fiscal year),
copies of

       

      (1) a
consolidated balance sheet of the Company and its Subsidiaries as at the end of
such quarter, and

       

      (2) consolidated
statements of income, changes in shareholders’ equity and cash flows of the
Company and its Subsidiaries for such quarter and (in the case of the second and
third quarters) for the portion of the fiscal year ending with such quarter,
setting
forth in each case in comparative form the figures for the corresponding periods
in the previous fiscal year, all in reasonable detail, prepared in accordance
with GAAP applicable to quarterly financial statements generally, and certified
by a Senior Financial Officer as fairly presenting, in all material respects,
the financial position of the companies being reported on and their results of
operations and cash flows, subject to changes resulting from year-end
adjustments and the absence of footnotes, provided that delivery within
the time period specified above of copies of the Company’s Quarterly Report on
Form 10-Q prepared in compliance with the requirements therefor and filed with
the SEC shall be deemed to satisfy the requirements of this Section 7.1(a),
provided, further, that
the Company shall be deemed to have made such delivery of such Quarterly Report
on Form 10-Q if it shall have timely made such Quarterly Report on Form 10-Q
available on “EDGAR” and available through the Company’s website (at the date of
this Agreement located at:  http//www.mt.com) (such availability
thereof being referred to as “Electronic
Delivery”);

       

      (b) Annual Statements — within
105 days after the end of each fiscal year of the Company, copies
of

       

      (1) a
consolidated balance sheet of the Company and its Subsidiaries as at the end of
such year, and

       

      (2) consolidated
statements of income, changes in shareholders’ equity and cash flows of the
Company and its Subsidiaries for such year, setting
forth in each case in comparative form the figures for the previous fiscal year,
all in reasonable detail, prepared in accordance with GAAP, and accompanied by
an opinion thereon of independent public accountants of recognized national
standing, which opinion shall not contain a “going concern” or scope or like
limitation and shall state that such financial statements present fairly, in all
material respects, the financial position of the companies being reported upon
and their results of operations and cash flows and have been prepared in
conformity with GAAP, and that the examination of such accountants in connection
with such financial statements has been made in accordance with generally
accepted auditing standards, and that such audit provides a reasonable basis for
such opinion in the circumstances, provided that the delivery
within the time period specified above of the Company’s Annual Report on Form
10-K for such fiscal year (together with the Company’s annual report to
shareholders, if any, prepared pursuant to Rule 14a-3 under the Exchange Act)
prepared in accordance with the requirements therefor and filed with the SEC
shall be deemed to satisfy the requirements of this Section 7.1(b), provided further, that the Company
shall be deemed to have made such delivery of such Annual Report on Form 10-K if
it shall have timely made Electronic Delivery thereof;

       

      (c) SEC and Other Reports —
except for filings referred to in Section 7.1(a) and (b) above, within five
Business Days of their becoming available and, to the extent applicable, one
copy of (1) each financial statement, report, notice or proxy statement
sent by the Company or any Restricted Subsidiary to its principal lending banks
as a whole (excluding information sent to such banks in the ordinary course of
administration of a bank facility, such as information relating to pricing and
borrowing availability) or to its public securities holders generally, and
(2) each regular or periodic report, each registration statement (without
exhibits except as expressly requested by such holder), and each prospectus and
all amendments thereto filed by the Company or any Restricted Subsidiary with
the SEC and of all press releases and other statements made available generally
by the Company or any Restricted Subsidiary to the public concerning
developments that are Material, provided that the Company
shall be deemed to have made such delivery of any such information if it shall
have timely made Electronic Delivery thereof and shall have given each holder of
Notes notice of such Electronic Delivery within such five Business
Days;

       

      (d) Notice of Default or Event of
Default — promptly, and in any event within five Business Days after a
Responsible Officer becomes aware of the existence of any Default or Event of
Default or that any Person has given any notice or taken any action with respect
to a claimed default hereunder or that any Person has given any notice or taken
any action with respect to a claimed default of the type referred to in
Section 11(g), a written notice specifying the nature and period of
existence thereof and what action the Company is taking or proposes to take with
respect thereto;

       

      (e) ERISA Matters — promptly, and
in any event within five Business Days after a Responsible Officer becomes aware
of any of the following, a written notice setting forth the nature thereof and
the action, if any, that the Company or an ERISA Affiliate proposes to take with
respect thereto:

       

      (1) with
respect to any Pension Plan, any reportable event, as defined in
Section 4043(c) of ERISA and the regulations thereunder, for which notice
thereof has not been waived pursuant to such regulations as in effect on the
date thereof; or

       

      (2) the
taking by the PBGC of steps to institute, or the threatening by the PBGC of the
institution of, proceedings under Section 4042 of ERISA for the termination
of, or the appointment of a trustee to administer, any Pension Plan, or the
receipt by the Company or any ERISA Affiliate of a notice from a Multiemployer
Plan that such action has been taken by the PBGC with respect to such
Multiemployer Plan; or

       

      (3) any
event, transaction or condition that would result in the incurrence of any
liability by the Company or any ERISA Affiliate pursuant to Title I or IV
of ERISA or the penalty or excise tax provisions of the Code relating to
employee benefit plans, or in the imposition of any Lien on any of the rights,
properties or assets of the Company or any ERISA Affiliate pursuant to
Title I or IV of ERISA or such penalty or excise tax provisions, if such
liability or Lien, taken together with any other such liabilities or Liens then
existing, could reasonably be expected to have a Material Adverse
Effect;

       

      (f) Notices from Governmental
Authority — promptly, and in any event within 30 days of receipt thereof,
copies of any notice to the Company or any Subsidiary from any federal or state
Governmental Authority relating to any order, ruling, statute or other law or
regulation that could reasonably be expected to have a Material Adverse
Effect;

       

      (g) Supplements  —
promptly and in any event within 10 Business Days after the execution and
delivery of any Supplement, a copy thereof; and

       

      (h) Requested Information — with
reasonable promptness, such other data and information relating to the business,
operations, affairs, financial condition, assets or properties of the Company or
any of its Subsidiaries (including, but without limitation, actual copies of the
Company’s Quarterly Report on Form 10-Q and Annual Report on Form 10-K) or
relating to the ability of the Company to perform its obligations hereunder and
under the Notes as from time to time may be reasonably requested by any such
holder of Notes.

       

      Section
7.2 Officer’s
Certificate.  Each set of financial statements delivered to a
holder of Notes pursuant to Section 7.1(a) or Section 7.1(b) shall be
accompanied by a certificate of a Senior Financial Officer setting forth (which,
in the case of Electronic Delivery of any such financial statements, shall be by
separate delivery of a hard copy of such certificate to each holder of Notes
within the required time period for delivery of financial statements under
Section 7.1(a) or Section 7.1(b), as applicable):

       

      (a) Covenant Compliance — the
information (including detailed calculations) required in order to establish
whether the Company was in compliance with the requirements of Section 10.1
through Section 10.5, inclusive, during the quarterly or annual period
covered by the statements then being furnished (including with respect to each
such Section, where applicable, the calculations of the maximum or minimum
amount, ratio or percentage, as the case may be, permissible under the terms of
such Sections, and the calculation of the amount, ratio or percentage then in
existence); and

       

      (b) Event of Default — a
statement that such Senior Financial Officer has reviewed the relevant terms
hereof and has made, or caused to be made, under his or her supervision, a
review of the transactions and conditions of the Company and its Subsidiaries
from the beginning of the quarterly or annual period covered by the statements
then being furnished to the date of the certificate and that such review shall
not have disclosed the existence during such period of any condition or event
that constitutes a Default or an Event of Default or, if any such condition or
event existed or exists specifying the nature and period of existence thereof
and what action the Company shall have taken or proposes to take with respect
thereto.

       

      Section
7.3 Visitation.  The
Company shall permit the representatives of each holder of Notes that is an
Institutional Investor:

       

      (a) No Default — if no Default or
Event of Default then exists, at the expense of such holder and upon reasonable
prior notice to the Company, to visit the principal executive office of the
Company, to discuss the affairs, finances and accounts of the Company and its
Subsidiaries with the Company’s officers, and (with the consent of the Company,
which consent will not be unreasonably withheld) its independent public
accountants, and (with the consent of the Company, which consent will not be
unreasonably withheld) to visit the other offices and properties of the Company
and each Subsidiary, all at such reasonable times and as often as may be
reasonably requested in writing; and

       

      (b) Default — if a Default or
Event of Default then exists, at the expense of the Company, to visit and
inspect any of the offices or properties of the Company or any Subsidiary, to
examine all their respective books of account, records, reports and other
papers, to make copies and extracts therefrom, and to discuss their respective
affairs, finances and accounts with their respective officers and independent
public accountants (and by this provision the Company authorizes said
accountants to discuss the affairs, finances and accounts of the Company and its
Subsidiaries), at any time during normal business hours and with reasonable
advance notice (it being understood that at least one Business Day advance
notice shall be deemed to constitute reasonable advance notice).

       

      SECTION
8. Payment
and Prepayment of the Notes.

       

      Section
8.1 Required
Prepayments.  

       

      (a) Series 2009-A
Notes.  As provided therein, the entire unpaid principal
balance of the Series 2009-A Notes shall become due and payable on the stated
maturity date thereof.

       

      (b) Required Prepayment of Additional
Notes.  Each Series and tranche, if applicable, of Additional
Notes shall be subject to required prepayments as specified in the Supplement
pursuant to which such Series and tranche, if applicable, of Additional Notes
were issued.

       

      Section
8.2 Optional Prepayments with Make-Whole
Amount.  The Company may, at its option, upon notice as
provided below, prepay at any time all, or from time to time any part of, any
Series of Notes, in an amount not less than 10% of the original aggregate
principal amount of such Series of Notes to be prepaid in the case of a partial
prepayment, at 100% of the principal amount so prepaid, together with interest
accrued thereon to the date of such prepayment, plus the applicable Make-Whole
Amount, if any, determined for the prepayment date with respect to such
principal amount.  Notwithstanding the foregoing, the Company may not
prepay any Series of Notes pursuant to this Section 8.2 if a Default or
Event of Default shall exist or would result from such optional prepayment
unless all Notes at the time outstanding are prepaid on a pro rata
basis.  The Company will give each holder of Notes of the Series to be
prepaid (with a copy to each other holder of Notes) written notice of each
optional prepayment under this Section 8.2 not less than 30 days and not
more than 60 days prior to the date fixed for such prepayment.  Each
such notice shall specify such date (which shall be a Business Day), the
aggregate principal amount of the Notes of each Series to be prepaid on such
date, the principal amount of each Note held by such holder to be prepaid
(determined in accordance with Section 8.3), and the interest to be paid on
the prepayment date with respect to such principal amount being prepaid, and
shall be accompanied by a certificate of a Senior Financial Officer as to the
estimated Make-Whole Amount, if any, due in connection with such prepayment
(calculated as if the date of such notice were the date of the prepayment),
setting forth the details of such computation.  Two Business Days
prior to such prepayment, the Company shall deliver to each holder of Notes
being prepaid a certificate of a Senior Financial Officer specifying the
calculation of such Make-Whole Amount as of the specified prepayment
date.

       

      Section
8.3 Allocation of Partial
Prepayments.  In the case of each partial prepayment of the
Notes pursuant to the provisions of Section 8.2, the principal amount of
the Notes of each Series to be prepaid shall be allocated among all of the Notes
of such Series at the time outstanding in proportion, as nearly as practicable,
to the respective unpaid principal amounts thereof not theretofore called for
prepayment.

       

      Section
8.4 Maturity; Surrender,
Etc.  In the case of each prepayment of Notes pursuant to this
Section 8, the principal amount of each Note to be prepaid shall mature and
become due and payable on the date fixed for such prepayment (which shall be a
Business Day), together with interest on such principal amount accrued to such
date and the applicable Make-Whole Amount, if any.  From and after
such date, unless the Company shall fail to pay such principal amount when so
due and payable, together with the interest and Make-Whole Amount, if any, as
aforesaid, interest on such principal amount shall cease to
accrue.  Any Note paid or prepaid in full shall be surrendered to the
Company and cancelled and shall not be reissued, and no Note shall be issued in
lieu of any prepaid principal amount of any Note.

       

      Section
8.5 Purchase of
Notes.  The Company will not, and will not permit any Affiliate
to, purchase, redeem, prepay or otherwise acquire, directly or indirectly, any
of the outstanding Notes of any Series except (a) upon the payment or prepayment
of the Notes of any Series in accordance with the terms of this Agreement
(including any Supplement) and the Notes of such Series or (b) pursuant to a
written offer to purchase any outstanding Notes of any Series made by the
Company or an Affiliate pro rata to the holders of the Notes of such Series upon
the same terms and conditions (except that if such Series has more than one
separate tranche, such written offer shall be allocated among all of the
separate tranches of such Series at the time outstanding in proportion, as
nearly as practicable, to the respective unpaid principal amounts thereof but
such written offer may otherwise differ among such separate tranches and such
written offer shall be made pro rata to the holders of the same tranches of such
Series upon the same terms and conditions).  Any such offer shall
provide each holder of the Notes of the Series being offered for purchase with
sufficient information to enable it to make an informed decision with respect to
such offer and shall remain open for at least 10 Business Days.  If
the holders of more than 50% of the outstanding principal amount of the Notes of
the Series offered for purchase accept such offer, the Company shall promptly
notify the remaining holders of such Series of such fact and the expiration date
for the acceptance by such holders of such offer shall be extended by the number
of days necessary to give each such remaining holder at least five Business Days
from its receipt of such notice to accept such offer.  The Company
will promptly cancel all Notes acquired by it or any Affiliate pursuant to any
payment, prepayment or purchase of Notes pursuant to any provision of this
Agreement and no Notes may be issued in substitution or exchange for any such
Notes.  Notwithstanding the foregoing, neither Company nor any
Affiliate may offer to purchase any Series of Notes if a Default or Event of
Default shall exist or would result therefrom unless such Person shall offer to
purchase all outstanding Notes on a pro rata basis upon the same terms and
conditions.

       

      Section
8.6 Offer to Prepay Upon Sale of
Assets.

       

      (a) Notice and
Offer.  In the event of a Disposition of any assets of the
Company or any Restricted Subsidiary where the Company has elected to apply the
net proceeds of such Disposition pursuant to Section 10.5(b), the Company shall,
no later than the 305th day following the date of such Disposition, give written
notice of such event (a “Sale
of Assets Prepayment Event”) to each holder of Notes.  Such
notice shall contain, and shall constitute, an irrevocable offer to prepay a
Ratable Portion of the Notes held by such holder on the date specified in such
notice (the “Sale of Assets
Prepayment Date”) which date shall be not less than 30 days and not more
than 60 days after such notice.

       

      (b) Acceptance and
Payment.  A holder of Notes may accept or reject the offer to
prepay pursuant to this Section 8.6 by causing a notice of such acceptance or
rejection to be delivered to the Company at least 10 days prior to the Sale of
Assets Prepayment Date.  A failure by a holder of the Notes to respond
to an offer to prepay made pursuant to this Section 8.6 shall be deemed to
constitute a rejection of such offer by such holder.  If so accepted,
such offered prepayment in respect of the Ratable Portion of the Notes of each
holder that has accepted such offer shall be due and payable on the Sale of
Assets Prepayment Date.  Such offered prepayment shall be made at 100%
of the aggregate Ratable Portion of the Notes of each holder that has accepted
such offer, together with interest on that portion of the Notes then being
prepaid accrued to the Sale of Assets Prepayment Date but without any Make-Whole
Amount.

       

      (c) Officer’s
Certificate.  Each offer to prepay the Notes pursuant to this
Section 8.6 shall be accompanied by a certificate, executed by a Senior
Financial Officer and dated the date of such offer, specifying (1) the Sale of
Assets Prepayment Date, (2) that such offer is being made pursuant to this
Section 8.6 and that the failure by a holder to respond to such offer by the
deadline established in Section 8.6(b) shall result in such offer to such holder
being deemed rejected, (3) the Ratable Portion of each such Note offered to be
prepaid, (4) the interest that would be due on the Ratable Portion of each such
Note offered to be prepaid, accrued to the Sale of Assets Prepayment Date, (5)
that the conditions of this Section 8.6 have been satisfied and (6) in
reasonable detail, a description of the nature and date of the Sale of Assets
Prepayment Event giving rise to such offer of prepayment.

       

      Section
8.7 Offer
to Prepay Notes in the Event of a Change in Control.

       

      (a) Notice of Change in Control or
Control Event.  The Company will, within five Business Days
after any Responsible Officer has knowledge of the occurrence of any Change in
Control or, to the extent such information has been disclosed to the public
generally, any Control Event, give written notice of such Change in Control or
Control Event to each holder of Notes unless notice in respect of such Change in
Control (or the Change in Control contemplated by such Control Event) shall have
been given pursuant to Section 8.7(b).  If a Change in Control has
occurred, such notice shall contain and constitute an offer to prepay Notes as
described in Section 8.7(c) and shall be accompanied by the certificate
described in Section 8.7(g).

       

      (b) Condition to Company
Action.  The Company will not take any action that consummates
or finalizes a Change in Control unless (1) at least 30 days prior to such
action it shall have given to each holder of Notes written notice containing and
constituting an offer to prepay Notes as described in Section 8.7(c),
accompanied by the certificate described in Section 8.7(g), and (2)
contemporaneously with such action, the Company prepays all Notes required to be
prepaid in accordance with this Section 8.7.  Notwithstanding the
foregoing, the Company shall not be required to give any notice pursuant to this
Section 8.7(b) or to forbear taking any action that consummates or finalizes a
Change in Control required by this Section 8.7(b) unless the information
regarding such Change in Control to be contained in such notice shall have been
disclosed to the public generally (and in such event the Company shall instead
give the notice specified in Section 8.7(a) in respect of such Change in Control
and the offer to prepay the Notes shall instead also be in accordance with
Section 8.7(a)).  In addition, the Company shall not be prohibited
from taking any action to consummate or finalize the results of an election of
new directors in the event of a Change in Control pursuant to Section
8.7(h)(3).

       

      (c) Offer to Prepay
Notes.  The offer to prepay Notes contemplated by Sections
8.7(a) and (b) shall be an offer to prepay, in accordance with and subject to
this Section 8.7, all, but not less than all, Notes held by each holder (in this
case only, “holder” in respect of any Note registered in the name of a nominee
for a disclosed beneficial owner shall mean such beneficial owner) on a date
specified in such offer (the “Change in Control Proposed
Prepayment Date”).  If such Change in Control Proposed
Prepayment Date is in connection with an offer contemplated by Section 8.7(a),
such date shall be a Business Day not less than 30 days and not more than 60
days after the date of such offer (or if the Proposed Prepayment Date shall not
be specified in such offer, the Proposed Prepayment Date shall be the Business
Day nearest to the 30th day after the date of such offer).

       

      (d) Acceptance;
Rejection.  A holder of Notes may accept or reject the offer to
prepay made pursuant to this Section 8.7 by causing a notice of such acceptance
or rejection to be delivered to the Company at least five Business Days prior to
the Change in Control Proposed Prepayment Date.  A failure by a holder
of Notes to so respond to an offer to prepay made pursuant to this Section 8.7
shall be deemed to constitute a rejection of such offer by such
holder.

       

      (e) Prepayment.  Prepayment
of the Notes to be prepaid pursuant to this Section 8.7 shall be at 100% of the
principal amount of such Notes, together with accrued and unpaid interest on
such Notes accrued to the date of prepayment but without any Make-Whole
Amount.  The prepayment shall be made on the Change in Control
Proposed Prepayment Date, except as provided by Section 8.7(f).

       

      (f) Deferral Pending Change in
Control.  The obligation of the Company to prepay Notes
pursuant to the offers required by Section 8.7(c) and accepted in accordance
with Section 8.7(d) is subject to the occurrence of the Change in Control in
respect of which such offers and acceptances shall have been made.  In
the event that such Change in Control does not occur on the Change in Control
Proposed Prepayment Date in respect thereof, the prepayment shall be deferred
until, and shall be made on the date on which, such Change in Control
occurs.  The Company shall keep each holder of Notes reasonably and
timely informed of (1) any such deferral of the date of prepayment, (2) the date
on which such Change in Control and the prepayment are expected to occur and (3)
any determination by the Company that efforts to effect such Change in Control
have ceased or been abandoned (in which case the offers and acceptances made
pursuant to this Section 8.7 in respect of such Change in Control automatically
shall be deemed rescinded without penalty or other liability).

       

      (g) Officer’s
Certificate.  Each offer to prepay the Notes pursuant to this
Section 8.7 shall be accompanied by a certificate, executed by a Senior
Financial Officer and dated the date of such offer, specifying (1) the Change in
Control Proposed Prepayment Date, (2) that such offer is made pursuant to this
Section 8.7 and that failure by a holder to respond to such offer by the
deadline established in Section 8.7(d) shall result in such offer to such
holder being deemed rejected, (3) the principal amount of each Note offered to
be prepaid, (4) the interest that would be due on each Note offered to be
prepaid, accrued to the Change in Control Proposed Prepayment Date, (5) that the
conditions of this Section 8.7 have been fulfilled and (6) in reasonable detail,
the nature and date of the Change in Control.

       

      (h) “Change in Control” shall
mean

       

      (1)           any
transaction or series of related transactions pursuant to which the Company
shall cease to own directly or indirectly the Capital Stock of Subsidiaries
which have 70% or more of the consolidated tangible assets of the Company and
its Subsidiaries as set forth in the most recent financial statements delivered
by the Company pursuant to  Section 7.1 or 70% or more of the
consolidated revenues of the Company and its Subsidiaries as set forth in the
most recent financial statements delivered by the Company pursuant
to  Section 7.1; or

       

      (2)           any
“person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Exchange Act, but excluding any employee benefit plan of such person or its
Subsidiaries, and any person or entity acting in its capacity as trustee, agent
or other fiduciary or administrator of any such plan) becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that
a person or group shall be deemed to have “beneficial ownership” of all
Securities that such person or group has the right to acquire (such right, an
“option right”),
whether such right is exercisable immediately or only after the passage of
time), directly or indirectly, of 30% or more of the equity Securities of the
Company entitled to vote for members of the board of directors or equivalent
governing body of the Company on a fully-diluted basis (and taking into account
all such Securities that such person or group has the right to acquire pursuant
to any option right); or

       

      (3)           an
event or series of events by which during any period of 24 consecutive months, a
majority of the members of the board of directors or other equivalent governing
body of the Company cease to be composed of individuals (i) who were members of
that board or equivalent governing body on the first day of such period, (ii)
whose election or nomination to that board or equivalent governing body was
approved by a majority of the individuals referred to in clause (i) above or
(iii) whose election or nomination to that board or other equivalent governing
body was approved by a majority of the individuals referred to in clauses (i)
and (ii) above (excluding, in the case of both clause (ii) and clause (iii), any
individual whose initial nomination for, or assumption of office as, a member of
that board or equivalent governing body occurs as a result of an actual or
threatened solicitation of proxies or consents for the election or removal of
one or more directors by any person or group other than a solicitation for the
election of one or more directors by or on behalf of the board of
directors).

       

      (i) “Control Event” shall mean
(1) the execution by the Company or any of its Affiliates of any agreement or
letter of intent with respect to any proposed transaction or event or series of
transactions or events which, individually or in the aggregate, may reasonably
be expected to result in a Change in Control, (2) the execution of any written
agreement which, when fully performed by the parties thereto, would result in a
Change in Control or (3) the making of any written offer by any “person” or
“group” (as such terms are used in Section 13(d) and Section 14(d) of the
Exchange Act) to the holders of equity interests of the Company or of any of its
Affiliates, which offer, if accepted by the requisite number of holders, would
result in a Change in Control.

       

      Section
8.8 Make-Whole Amount for the Series
2009-A Notes.  “Make-Whole Amount” shall mean
with respect to any Series 2009-A Note an amount equal to the excess, if any, of
the Discounted Value of the Remaining Scheduled Payments with respect to the
Called Principal of such Series 2009-A Note over the amount of such Called
Principal, provided
that the Make-Whole Amount may in no event be less than zero.  For the
purposes of determining the Make-Whole Amount, the following terms have the
following meanings:

       

      “Called Principal” shall
mean, with respect to any Series 2009-A Note, the principal of such Series
2009-A Note that is to be prepaid pursuant to Section 8.2 or has become or
is declared to be immediately due and payable pursuant to Section 12.1, as
the context requires.

       

      “Discounted Value” shall
mean, with respect to the Called Principal of any Series 2009-A Note, the amount
obtained by discounting all Remaining Scheduled Payments with respect to such
Called Principal from their respective scheduled due dates to the Settlement
Date with respect to such Called Principal, in accordance with accepted
financial practice and at a discount factor (applied on the same periodic basis
as that on which interest on the Series 2009-A Notes is payable) equal to the
Reinvestment Yield with respect to such Called Principal.

       

      “Reinvestment Yield” shall
mean, with respect to the Called Principal of any Series 2009-A Note, 0.50% over
the yield to maturity implied by (a) the yields reported as of
10:00 a.m. (New York, New York time) on the second Business Day
preceding the Settlement Date with respect to such Called Principal on the
display designated as “Page PX1” (or such other display as may replace Page PX1)
on Bloomberg Financial Markets for the most recently issued actively traded on
the run U.S. Treasury Securities having a maturity equal to the Remaining
Average Life of such Called Principal as of such Settlement Date, or (b) if
such yields are not reported as of such time or the yields reported as of such
time are not ascertainable (including by way of interpolation), the Treasury
Constant Maturity Series Yields reported, for the latest day for which such
yields have been so reported as of the second Business Day preceding the
Settlement Date with respect to such Called Principal, in Federal Reserve
Statistical Release H.15 (or any comparable successor publication) for U.S.
Treasury Securities having a constant maturity equal to the Remaining Average
Life of such Called Principal as of such Settlement Date.

       

      In the
case of each determination under clause (a) or clause (b), as the case may
be, of the preceding paragraph, such implied yield will be determined, if
necessary, by (1) converting U.S. Treasury bill quotations to
bond-equivalent yields in accordance with accepted financial practice and
(2) interpolating linearly between (i) the applicable U.S. Treasury
Security with the maturity closest to and greater than such Remaining Average
Life and (ii) the applicable U.S. Treasury Security with the maturity
closest to and less than such Remaining Average Life.  The
Reinvestment Yield shall be rounded to the number of decimal places as appears
in the interest rate of such Series 2009-A Note.

       

      “Remaining Average Life”
shall mean, with respect to any Called Principal of any Series 2009-A Note, the
number of years (calculated to the nearest one-twelfth year) obtained by
dividing (a) such Called Principal into (b) the sum of the products
obtained by multiplying (1) the principal component of each Remaining
Scheduled Payment with respect to such Called Principal by (2) the number
of years (calculated to the nearest one-twelfth year) that will elapse between
the Settlement Date with respect to such Called Principal and the scheduled due
date of such Remaining Scheduled Payment.

       

      “Remaining Scheduled
Payments” shall mean, with respect to the Called Principal of any Series
2009-A Note, all payments of such Called Principal and interest thereon that
would be due after the Settlement Date with respect to such Called Principal if
no payment of such Called Principal were made prior to its scheduled due date,
provided that if such
Settlement Date is not a date on which interest payments are due to be made
under the terms of the Series 2009-A Notes, then the amount of the next
succeeding scheduled interest payment will be reduced by the amount of interest
accrued to such Settlement Date and required to be paid on such Settlement Date
pursuant to Section 8.2 or Section 12.1.

       

      “Settlement Date” shall mean,
with respect to the Called Principal of any Series 2009-A Note, the date on
which such Called Principal is to be prepaid pursuant to Section 8.2 or has
become or is declared to be immediately due and payable pursuant to
Section 12.1, as the context requires.

       

      SECTION
9. Affirmative
Covenants.

       

      The
Company covenants that so long as any of the Notes are outstanding:

       

      Section
9.1 Compliance with
Law.  Without limiting Section 10.10, the Company will,
and will cause each of its Subsidiaries to, (a) comply with the requirements of
all laws, ordinances or governmental rules or regulations to which each of them
or their business or properties is subject, including, without limitation,
Environmental Laws, ERISA and the USA Patriot Act, except in such instances in
which (1) such requirement of law, ordinance, governmental rule or regulation is
being contested on a timely basis in good faith by appropriate proceedings
diligently conducted or (2) the failure to comply therewith could not reasonably
be expected to have a Material Adverse Effect and (b) obtain and maintain in
effect all licenses, certificates, permits, franchises and other governmental
authorizations that are necessary or desirable to the ownership of their
respective properties or to the normal conduct of their respective businesses,
except to the extent (1) no longer economically desirable in the reasonable
opinion of the Company or such Subsidiary or (2) the non-compliance with such
laws, ordinances or governmental rules or regulations or failures to obtain or
maintain in effect such licenses, certificates, permits, franchises and other
governmental authorizations could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.

       

      Section
9.2 Insurance.  The
Company will, and will cause each of its Restricted Subsidiaries to, maintain,
with financially sound and reputable insurers, insurance with respect to their
respective properties and businesses against such casualties and contingencies,
of such types, on such terms and in such amounts (including deductibles,
co-insurance and self-insurance, if adequate reserves are maintained with
respect thereto) as is customary in the case of entities of established
reputations engaged in the same or a similar business and similarly
situated.

       

      Section
9.3 Maintenance of
Properties.  The Company will, and will cause each of its
Restricted Subsidiaries to, maintain and keep, or cause to be maintained and
kept, their respective properties in good repair, working order and condition
(other than ordinary wear and tear), so that the business carried on in
connection therewith may be properly conducted at all times, provided that this
Section shall not prevent the Company or any Restricted Subsidiary from
discontinuing the operation and the maintenance of any of its properties if such
discontinuance is desirable in the conduct of its business and the Company has
concluded that such discontinuance could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.

       

      Section
9.4 Payment of Taxes and
Claims.  The Company will, and will cause each of its
Subsidiaries to, file all federal and other material tax returns required to be
filed in any jurisdiction and to pay and discharge all material taxes shown to
be due and payable on such returns and all other material taxes, assessments,
governmental charges or levies imposed on them or any of their properties,
assets, income or franchises, to the extent the same have become due and payable
and before they have become delinquent and all claims for which sums have become
due and payable that have or might become a Lien on properties or assets of the
Company or any Subsidiary, provided that neither the
Company nor any Subsidiary need pay any such tax, assessment, governmental
charge, levy or claim if the amount, applicability or validity thereof is being
contested by the Company or such Subsidiary on a timely basis in good faith by
appropriate proceedings diligently conducted, and the Company or a Subsidiary
has established adequate reserves therefor in accordance with GAAP on the books
of the Company or such Subsidiary.

       

      Section
9.5 Corporate Existence,
Etc.  Subject to Section 10.6, the Company will at all
times preserve and keep in full force and effect its corporate
existence.  Subject to Sections 10.5 and 10.6, the Company will
at all times preserve and keep in full force and effect the corporate existence
of each of its Restricted Subsidiaries (unless merged into the Company or a
Wholly-Owned Subsidiary) and all rights and franchises of the Company and its
Restricted Subsidiaries unless, in the good faith judgment of the Company, the
termination of or failure to preserve and keep in full force and effect such
corporate existence, right or franchise could not, individually or in the
aggregate, have a Material Adverse Effect.

       

      Section
9.6 Notes to Rank Pari
Passu.  The Notes and all other obligations under this
Agreement of the Company are and at all times shall remain direct and unsecured
obligations of the Company ranking pari passu as against the
assets of the Company with all other Notes from time to time issued and
outstanding hereunder without any preference among themselves and pari passu with all other
present and future unsecured Senior Indebtedness (actual or contingent) of the
Company.

       

      Section
9.7 Books and
Records.  The Company will, and will cause each of its
Subsidiaries to, maintain proper books of record and account in conformity with
GAAP and all applicable material requirements of any Governmental Authority
having legal or regulatory jurisdiction over the Company or such Restricted
Subsidiary, as the case may be.

       

      Section
9.8 Designation of
Subsidiaries.  The Company may from time to time cause any
Subsidiary (other than a Subsidiary Guarantor, if any) to be designated as an
Unrestricted Subsidiary or any Unrestricted Subsidiary to be designated a
Restricted Subsidiary; provided, however, that at
the time of such designation and immediately after giving effect thereto, (a) no
Default or Event of Default shall have occurred and be continuing under the
terms of this Agreement and (b) the Company and its Subsidiaries or Restricted
Subsidiaries, as the case may be, would be in compliance with all of the
covenants set forth in this Section 9 and Section 10 if tested on the date of
such action and provided,
further, that, except as necessary for the Company to comply with
Section 10.7, once a Subsidiary has been designated an Unrestricted
Subsidiary or a Restricted Subsidiary pursuant to this Section 9.8, it shall not
thereafter be redesignated as an Unrestricted Subsidiary or a Restricted
Subsidiary on more than one occasion.  Within 10 days following any
designation described above, the Company will deliver to each holder of Notes a
notice of such designation accompanied by a certificate signed by a Senior
Financial Officer certifying compliance with all requirements of this Section
9.8 and setting forth all information required in order to establish such
compliance.

       

      Section
9.9 Subsidiary
Guarantors.

       

      (a) The
Company will cause any Subsidiary which becomes a co-obligor or guarantor in
respect of Indebtedness under the Bank Credit Agreement to deliver to each
holder of Notes (concurrently with it becoming a co-obligor or guarantor in
respect of such Indebtedness) the following items:

       

      (1)   a
Subsidiary Guaranty;

       

      (2)   a
certificate signed by an authorized Responsible Officer of the Company making
representations and warranties to the effect of those contained in Sections 5.2
(provided that such
representation as to enforceability may contain such additional exceptions as
may be necessary to take into account the requirements of the law of the
jurisdiction of organization of such Subsidiary), 5.4, 5.6 and 5.7, with respect
to such Subsidiary and such Subsidiary Guaranty, as applicable; and

       

      (3)   an
opinion of independent counsel addressed to each holder of Notes which opinion
shall be reasonably satisfactory to the Required Holders, to the effect that the
Subsidiary Guaranty entered into by such Subsidiary has been duly authorized,
executed and delivered and that such Subsidiary Guaranty constitutes the legal,
valid and binding contract and agreement of such Subsidiary enforceable in
accordance with its terms, except as an enforcement of such terms may be limited
by bankruptcy, insolvency, fraudulent conveyance and similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles
and such other exceptions as may be necessary to take into account the
requirements of the law of the jurisdiction of organization of such
Subsidiary.

       

      (b) The
holders of Notes agree to discharge and release any Subsidiary Guarantor from
its Subsidiary Guaranty upon the written request of the Company, provided that
(1) such Subsidiary Guarantor shall have been released and discharged (or will
be released and discharged concurrently with the release of such Subsidiary
Guarantor under its Subsidiary Guaranty) as a co-obligor and guarantor under and
in respect of Indebtedness under the Bank Credit Agreement and the Company so
certifies to the holders of Notes in a certificate of a Responsible Officer, (2)
at the time of such release and discharge, the Company shall have delivered a
certificate of a Responsible Officer to the holders of Notes stating that no
Default or Event of Default exists or will result from such release and
discharge and (3) if any fee or other form of consideration is given to any
party to the Bank Credit Agreement expressly for the purpose of its release of
such Subsidiary Guarantor, the holders of Notes shall receive equivalent
consideration.

       

      Anything in this Section 9.9 to the
contrary notwithstanding, a Subsidiary that becomes a borrower under the Bank
Credit Agreement shall not be deemed to be a co-obligor or guarantor of
Indebtedness under the Bank Credit Agreement for purposes of this Section 9.9 if
(1) in the case of a Domestic Subsidiary, such Domestic Subsidiary shall have no
obligations under the Bank Credit Agreement or any other agreement or instrument
for the repayment of any Indebtedness outstanding under the Bank Credit
Agreement (whether upon default by any party to the Bank Credit Agreement or
otherwise) other than Indebtedness directly borrowed thereunder by such Domestic
Subsidiary or (2) in the case of a Foreign Subsidiary, such Foreign Subsidiary
shall have no obligations under the Bank Credit Agreement or any other agreement
or instrument for the repayment of any Indebtedness outstanding under the Bank
Credit Agreement (whether upon default by any party to the Bank Credit Agreement
or otherwise) other than (i) Indebtedness directly borrowed thereunder by such
Foreign Subsidiary and (ii) Indebtedness directly borrowed thereunder by any
other Foreign Subsidiary that is not a guarantor of the obligations of the
Company under the Bank Credit Agreement.

       

      SECTION
10. Negative
Covenants.

       

      The
Company covenants that so long as any of the Notes are outstanding:

       

      Section
10.1 Interest Coverage
Ratio.  The Company will not permit the Consolidated Interest
Coverage Ratio as of the end of any fiscal quarter of the Company to be less
than 3.50 to 1.00.

       

      Section
10.2 Leverage
Ratio.  Subject to the proviso set forth in Section 10.3, the
Company will not permit the Consolidated Leverage Ratio at any time during any
period of four consecutive fiscal quarters of the Company to be greater than
3.50 to 1.00.

       

      Section
10.3 Priority
Indebtedness.  

       

      (a) The
Company will not at any time permit the aggregate amount of all Priority
Indebtedness of Domestic Subsidiaries to exceed an amount equal to 10% of
Consolidated Total Assets.

       

      (b) The
Company will not at any time permit the aggregate amount of all Priority
Indebtedness to exceed an amount equal to 20% of Consolidated Total Assets;
provided that, if the
Company and its Foreign Subsidiaries (that are Restricted Subsidiaries) enter
into one or more Repatriation Transactions, the Company and its Restricted
Subsidiaries may have Priority Indebtedness outstanding in an amount in excess
of 20% of Consolidated Total Assets but not in excess of 35% of Consolidated
Total Assets so long as (1) the incremental amount of Priority Indebtedness
outstanding in excess of the amount equal to 20% of Consolidated Total Assets
(“Excess Priority
Indebtedness”) shall be attributable solely to Indebtedness of Foreign
Subsidiaries (that are Restricted Subsidiaries) incurred in connection with such
Repatriation Transactions and (2) at all times when there is Excess Priority
Indebtedness outstanding, the Consolidated Leverage Ratio shall not be greater
than 2.75 to 1.00.

       

      Section
10.4 Limitation on
Liens.  The Company will not, and will not permit any
Restricted Subsidiary to, directly or indirectly create, incur, assume or permit
to exist (upon the happening of a contingency or otherwise) any Lien on or with
respect to any property or asset (including, without limitation, any document or
instrument in respect of goods or accounts receivable) of the Company or any
such Restricted Subsidiary, whether now owned or held or hereafter acquired, or
any income or profits therefrom, or assign or otherwise convey any right to
receive income or profits (unless it makes, or causes to be made, effective
provision whereby the Notes will be equally and ratably secured with any and all
other obligations thereby secured, such security to be pursuant to agreements,
including, without limitation, an intercreditor agreement, reasonably
satisfactory to the Required Holders and, in any such case, the Notes shall have
the benefit, to the fullest extent that, and with such priority as, the holders
of the Notes may be entitled under applicable law, of an equitable Lien on such
property), except:

       

      (a) Liens for
taxes, assessments or other governmental charges that are not yet due and
payable or the payment of which is not at the time required by
Section 9.4;

       

      (b) any
attachment or judgment Lien, unless the judgment it secures shall not, within 60
days after the entry thereof, have been discharged or execution thereof stayed
pending appeal, or shall not have been discharged within 60 days after the
expiration of any such stay;

       

      (c) Liens
incidental to the conduct of business or the ownership of properties and assets
(including landlords’, carriers’, warehousemen’s, mechanics’, materialmen’s and
other similar Liens for sums not yet due and payable) and Liens to secure the
performance of bids, tenders, leases, or trade contracts, or to secure statutory
obligations (including obligations under workers compensation, unemployment
insurance and other social security legislation but not Liens imposed by ERISA),
surety or appeal bonds or other Liens incurred in the ordinary course of
business and not in connection with the borrowing of money;

       

      (d) licenses,
leases or subleases granted to others, easements, rights-of-way, restrictions
and other similar charges or encumbrances, in each case incidental to the
ownership of property or assets or the ordinary conduct of the business of the
Company or any Restricted Subsidiary, or Liens incidental to minor survey
exceptions and the like, provided that such Liens do
not, in the aggregate, materially detract from the value of such
property;

       

      (e) Liens
securing Indebtedness of a Restricted Subsidiary to the Company or to a
Wholly-Owned Restricted Subsidiary;

       

      (f) Liens
existing on the Closing Date and reflected in Schedule 10.4;

       

      (g) Liens
incurred after the Closing Date (including Liens incurred in connection with
Capitalized Leases and Off-Balance Sheet Obligations) given to secure the
payment of the purchase price incurred in connection with the acquisition,
construction or improvement of property (other than accounts receivable or
inventory) useful and intended to be used in carrying on the business of the
Company or a Restricted Subsidiary, including Liens existing on such property at
the time of acquisition or construction thereof or Liens incurred within 365
days of such acquisition or completion of such construction or improvement,
provided that
(1) the Lien shall attach solely to the property acquired, purchased,
constructed or improved, (2) at the time of acquisition, construction or
improvement of such property (or, in the case of any Lien incurred within 365
days of such acquisition or completion of such construction or improvement, at
the time of the incurrence of the Indebtedness secured by such Lien), the
aggregate amount remaining unpaid on all Indebtedness secured by Liens on such
property, whether or not assumed by the Company or a Subsidiary, shall not
exceed the lesser of (i) the cost of such acquisition, construction or
improvement or (ii) the Fair Market Value of such property (as determined
in good faith by one or more officers of the Company to whom authority to enter
into the transaction has been delegated by the board of directors of the
Company), (3) the aggregate principal amount of Indebtedness secured by such
Liens would be permitted by the limitation set forth in Section 10.2 and
(4) at the time of such incurrence and after giving effect thereto, no
Default or Event of Default shall have occurred and be continuing;

       

      (h) any Lien
existing on property of a Person immediately prior to its being consolidated
with or merged into the Company or a Restricted Subsidiary or its becoming a
Subsidiary, or any Lien existing on any property acquired by the Company or any
Restricted Subsidiary at the time such property is so acquired (whether or not
the Indebtedness secured thereby shall have been assumed), provided that (1) no
such Lien shall have been created or assumed in contemplation of such
consolidation or merger or such Person’s becoming a Subsidiary or such
acquisition of property, (2) each such Lien shall extend solely to the item
or items of property so acquired and, if required by the terms of the instrument
originally creating such Lien, other property which is an improvement to or is
acquired for speci­fic use in connection with such acquired property, (3)
the aggregate principal amount of Indebtedness secured by such Liens would be
permitted by the limitation set forth in Section 10.2 and (4) at the
time of such incurrence and after giving effect thereto, no Default or Event of
Default shall have occurred and be continuing;

       

      (i) any
interest or title of a lessor under any operating lease entered into by the
Company or any Restricted Subsidiary, as lessee, in the ordinary course of
business and covering only the assets so leased;

       

      (j) Liens
arising from precautionary UCC financing statement filings with respect to
operating leases or consignment arrangements entered into by the Company or any
Restricted Subsidiary, as lessee or consignee, in the ordinary course of
business;

       

      (k) Liens in
favor of banking institutions arising by operation of law encumbering deposits
(including the right of set-off) held by such banking institutions incurred in
the ordinary course of business and that are within the general parameters
customary in the banking industry;

       

      (l) any
encumbrance or restrictions (including, without limitation, any put and call
agreements) with respect to the capital stock of any joint venture or Subsidiary
pursuant to the agreement governing such joint venture or
Subsidiary;

       

      (m) possessory
rights of customers of the Company or any Restricted Subsidiary and their
Restricted Subsidiaries in equipment for resale arising under the leases,
bailment arrangements and rental agreements entered into in the ordinary course
of business of the Company or such Restricted Subsidiary;

       

      (n) Liens
upon specific items of Inventory and the proceeds thereof securing the
obligations of the Company or any Restricted Subsidiary in respect of bankers’
acceptances issued or created for the account of the Company or such Restricted
Subsidiary to facilitate the purchase, shipment or storage of such
Inventory;

       

      (o) Liens
arising in connection with trade letters of credit issued to secure the purchase
of Inventory in the ordinary course of business of the Company or any Restricted
Subsidiary, provided
that such Liens shall cover only the documents in respect of which such letters
of credit were issued, the goods covered thereby and the insurance proceeds of
such goods;

       

      (p) security
and other deposits made by the Company or any Restricted Subsidiary under the
terms of any lease or sublease of property entered into by the Company or such
Restricted Subsidiary in the ordinary course of business;

       

      (q) any
extensions, renewals or replacements of any Lien permitted by the preceding
subparagraphs (f), (g) and (h) of this Section 10.4, provided that (1) no
additional property shall be encumbered by such Liens, (2) the unpaid
principal amount of the Indebtedness or other obligations secured thereby shall
not be increased or the maturity thereof reduced and (3) at such time and
immediately after giving effect thereto, no Default or Event of Default shall
have occurred and be continuing; and

       

      (r) other
Liens not otherwise permitted by paragraphs (a) through (q), inclusive, of this
Section 10.4 securing Indebtedness; provided that (1) the
aggregate principal amount of all Indebtedness secured by such Liens shall be
permitted by the limitations set forth in Section 10.2 and Section 10.3, (2) at
the time of such incurrence and after giving effect thereto, no Default or Event
of Default shall have occurred and be continuing and (3) no such Liens incurred
pursuant to this paragraph (r) shall secure Indebtedness outstanding under the
Bank Credit Agreement.

       

      Section
10.5 Sales of
Assets.  The Company will not, and will not permit any
Restricted Subsidiary to, Dispose of any substantial part (as defined below) of
the assets (including Capital Stock of Subsidiaries) of the Company and its
Restricted Subsidiaries; provided, however, that the Company or
any Restricted Subsidiary may Dispose of assets constituting a substantial part
of the assets of the Company and its Restricted Subsidiaries if such assets are
sold for Fair Market Value and, at such time and after giving effect thereto, no
Default or Event of Default shall have occurred and be continuing and an amount
equal to the net proceeds received from such Disposition (but only with respect
to that portion of such assets that exceeds the definition of “substantial part”
set forth below) shall be used within 365 days of such Disposition, in any
combination:

       

      (a) to
acquire productive assets used or useful in carrying on the business of the
Company and its Restricted Subsidiaries and having a Fair Market Value at least
equal to the Fair Market Value of such assets Disposed of; and/or

       

      (b) to prepay
or retire Senior Indebtedness of the Company and/or a Subsidiary Guarantor
and/or Indebtedness of any other Restricted Subsidiary, provided that in the course
of making such application the Company shall offer to prepay each outstanding
Note in accordance with Section 8.6 in a principal amount which equals the
Ratable Portion for such Note.  Once the Company has made the offer to
the holders of Notes described in the preceding proviso with respect to any
Disposition, (1) the Company shall have no further obligations to any holder of
Notes that has rejected or is deemed to have rejected such offer with respect to
such holder’s Ratable Portion of the proceeds of such Disposition (the “Unapplied Proceeds”) and (2)
the Company shall be permitted to retain and use the Unapplied Proceeds from
such Disposition in any manner, free of the requirements of this Section
10.5.

       

      As used
in this Section 10.5, a Disposition of assets shall be deemed to be a
“substantial part” of the assets of the Company and its Restricted Subsidiaries
if the book value of such assets, when added to the book value of all other
assets Disposed of by the Company and its Restricted Subsidiaries during the
period of 12 consecutive months ending on the date of such Disposition, exceeds
10% of the book value of Consolidated Total Assets; provided that there shall be
excluded from any determination of a “substantial part” (1) any Disposition of
assets in the ordinary course of business of the Company and its Restricted
Subsidiaries, (2) any Disposition of assets from the Company to a Wholly-Owned
Restricted Subsidiary or from any Restricted Subsidiary to the Company or a
Wholly-Owned Restricted Subsidiary and (3) any sale of property acquired or
constructed by the Company or any Restricted Subsidiary after the Closing Date
to any Person within 365 days following the acquisition or completion of
construction of such property by the Company or such Restricted Subsidiary if
the Company or such Restricted Subsidiary shall concurrently with such sale,
lease such property, as lessee.

       

      Section
10.6 Merger and
Consolidation.  The Company will not, and will not permit any
of its Restricted Subsidiaries to, consolidate with or merge with any other
Person or convey, transfer or lease all or substantially all of its assets in a
single transaction or series of transactions to any Person; provided that:

       

      (a) any
Restricted Subsidiary may (1) consolidate with or merge with, or convey,
transfer or lease all or substantially all of its assets in a single transaction
or series of transactions to, (i) the Company or another Restricted Subsidiary
so long as in any merger or consolidation involving the Company, the Company
shall be the surviving or continuing entity (or the Company has complied with
the requirements of Section 10.6(b)) or (ii) any other Person so long as the
surviving or continuing entity is a Restricted Subsidiary or (2) convey,
transfer or lease its assets in compliance with the provisions of
Section 10.5; and

       

      (b) the
Company may consolidate or merge with, or convey, transfer or lease all or
substantially all of its assets in a single transaction or series of
transactions to any Person; provided that:

       

      (1) the
successor formed by such consolidation or the survivor of such merger or the
Person that acquires by conveyance, transfer or lease all or substantially all
of the assets of the Company as an entirety, as the case may be (the “Successor Entity”), shall be
a solvent entity organized and existing under the laws of the United States of
America, any State thereof or the District of Columbia;

       

      (2) if the
Successor Entity is not the Company, (i) such Successor Entity shall have
executed and delivered to each holder of Notes its assumption of the due and
punctual performance and observance of each covenant and condition of this
Agreement, each Supplement and the Notes (pursuant to such agreements and
instruments as shall be reasonably satisfactory to the Required Holders), (ii)
the Successor Entity shall have caused to be delivered to each holder of Notes
an opinion of nationally recognized independent counsel, to the effect that all
agreements or instruments effecting such assumption comply with the terms hereof
and are enforceable in accordance with their terms except as an enforcement of
such terms may be limited by bankruptcy, insolvency, fraudulent conveyance and
similar laws affecting the enforcement of creditors’ rights generally and by
general equitable principles and (iii) each Subsidiary Guarantor, if any,
shall have reaffirmed in writing its obligations under its Subsidiary Guaranty;
and

       

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

       

      Section
10.7 Limitation on Unrestricted
Subsidiaries.  The Company will not, at any time, permit (a)
the consolidated tangible assets of all Unrestricted Subsidiaries to constitute
more than 20% of the consolidated tangible assets of the Company and its
Subsidiaries as of the last day of the fiscal quarter most recently ended for
which the Company has delivered financial statements pursuant to Section 7.1 or
(b) the consolidated revenues of all Unrestricted Subsidiaries for the period of
the four consecutive fiscal quarters of the Company most recently ended for
which the Company has delivered financial statements pursuant to Section 7.1 to
account for more than 20% of the consolidated revenues of the Company and its
Subsidiaries for such period.  For purposes of the calculations to be
made pursuant to this Section 10.7, (1) any Subsidiary having negative tangible
assets on any date shall be deemed to have tangible assets of $0 on such date
and (2) any Subsidiary having negative revenues for any relevant period shall be
deemed to have revenues of $0 for such period.

       

      Section
10.8 Transactions with
Affiliates.  The Company will not, and will not permit any
Restricted Subsidiary to, enter into directly or indirectly any transaction or
group of related transactions (including, without limitation, the purchase,
lease, sale or exchange of properties of any kind or the rendering of any
service) with any Affiliate except pursuant to the reasonable requirements of
the Company’s or such Restricted Subsidiary’s business and upon fair and
reasonable terms that are not materially less favorable to the Company or such
Restricted Subsidiary than would be obtainable in a comparable arm’s-length
transaction with a Person not an Affiliate; provided that the foregoing
restriction shall not apply to transactions among the Company and any
Wholly-Owned Restricted Subsidiary or between and among any Wholly-Owned
Restricted Subsidiaries; provided further, that nothing in this
Section 10.8 shall restrict (a) compensation, advances or loans payable to
directors or officers of the Company or Restricted Subsidiaries in compliance
with Sarbanes-Oxley, (b) transactions approved by a majority of the
disinterested members of the board of directors of the Company or applicable
Restricted Subsidiary, (c) any sale of equity interests of the Company or a
Restricted  Subsidiary to an Affiliate or (d) granting and performance
of registration rights on Securities of the Company or a Restricted Subsidiary
to an Affiliate.

       

      Section
10.9 Line of
Business.  The Company will not, and will not permit any
Restricted Subsidiary to, make any material change in the nature of business
conducted by the Company and its Restricted Subsidiaries on the date of this
Agreement or any business substantially related or incidental
thereto.

       

      Section
10.10 Terrorism Sanctions
Regulations.  The Company will not, and will not permit any
Subsidiary to, (a) become a Person described or designated in the Specially
Designated Nationals and Blocked Persons List of the Office of Foreign Assets
Control or in Section 1 of the Anti-Terrorism Order or (b) knowingly
engage in any dealings or transactions with any such Person.

       

      SECTION
11. Events
of Default.

       

      An “Event of Default” shall exist
if any of the following conditions or events shall occur and be
continuing:

       

      (a) the
Company defaults in the payment of any principal or Make-Whole Amount, if any,
on any Note when the same becomes due and payable, whether at maturity or at a
date fixed for prepayment or by declaration or otherwise; or

       

      (b) the
Company defaults in the payment of any interest on any Note for more than three
Business Days after the same becomes due and payable; or

       

      (c) (1) the
Company defaults in the performance of or compliance with any term contained in
Section 7.1(d) or Section 10 or any covenant in a Supplement which
specifically provides that it shall have the benefit of this paragraph (c) or
(2) any Subsidiary Guarantor defaults in the performance of or compliance
with any term of its Subsidiary Guaranty beyond any period of grace or cure
period provided with respect thereto; or

       

      (d) the
Company defaults in the performance of or compliance with any term contained
herein or in any Supplement (other than those referred to in paragraphs (a), (b)
and (c) of this Section 11) and such default is not remedied within 30 days
after the earlier of (1) a Responsible Officer obtaining actual knowledge
of such default and (2) the Company receiving written notice of such
default from any holder of a Note (any such written notice to be identified as a
“notice of default” and to refer specifically to this paragraph (d) of
Section 11); or

       

      (e) any
Subsidiary Guaranty ceases to be a legally valid, binding and enforceable
obligation or contract of a Subsidiary Guarantor (other than a Subsidiary
Guarantor released in accordance with the terms of Section 9.9(b)), or any
Subsidiary Guarantor or any of its Affiliates, challenges the validity, binding
nature or enforceability of its Subsidiary Guaranty; or

       

      (f) any
representation or warranty made in writing by or on behalf of the Company or any
Subsidiary Guarantor or by any officer of the Company or any Subsidiary
Guarantor in this Agreement, any Supplement under which Additional Notes are
then outstanding, any Subsidiary Guaranty or in any writing furnished in
connection with the transactions contemplated hereby or thereby proves to have
been false or incorrect in any material respect on the date as of which made;
or

       

      (g) (1) the
Company or any Restricted Subsidiary is in default (as principal or as guarantor
or other surety) in the payment of any principal of or premium or make-whole
amount or interest on any Indebtedness other than the Notes or Indebtedness
under Swap Contracts that is outstanding in an aggregate principal amount of at
least $10,000,000 (or its equivalent in the relevant currency of payment) beyond
any period of grace provided with respect thereto, (2) the Company or any
Restricted Subsidiary is in default in the performance of or compliance with any
term of any instrument, mortgage, indenture or other agreement relating to any
Indebtedness other than the Notes or Indebtedness under Swap Contracts in an
aggregate principal amount of at least $25,000,000 (or its equivalent in the
relevant currency of payment) or any other condition exists, and as a
consequence of such default or condition such Indebtedness has become or has
been declared due and payable before its stated maturity or before its regularly
scheduled dates of payment, (3) as a consequence of the occurrence or
continuation of any event or condition (other than the passage of time, the
right of the holder of Indebtedness to convert such Indebtedness into equity
interests or customary provisions contained in credit agreements (which, by way
of example, shall include repayments upon sale of assets, receipt of insurance
proceeds and cash sweeps but shall not include violations of financial
covenants)), the Company or any Restricted Subsidiary has become obligated
to purchase or repay Indebtedness other than the Notes or Indebtedness under
Swap Contracts before its regular maturity or before its regularly scheduled
dates of payment in an aggregate outstanding principal amount of at least
$25,000,000 (or its equivalent in the relevant currency of payment) or (4) there
occurs under any Swap Contract an Early Termination Date (as defined in such
Swap Contract) resulting from (i) any event of default under such Swap Contract
as to which the Company or any Restricted Subsidiary is the Defaulting Party (as
defined in such Swap Contract) and the Swap Termination Value owed by the
Company or such Restricted Subsidiary as a result thereof is more than
$25,000,000 (or its equivalent in the relevant currency of payment) or (ii) any
Termination Event (as so defined) under such Swap Contract as to which the
Company or any Subsidiary is an Affected Party (as so defined) and the Swap
Termination Value owed by the Company or such Restricted Subsidiary as a result
thereof is more than $10,000,000 (or its equivalent in the relevant currency of
payment); or

       

      (h) the
Company or any Material Subsidiary (1) is generally not paying, or admits
in writing its inability to pay, its debts as they become due, (2) files,
or consents by answer or otherwise to the filing against it of, a petition for
relief or reorganization or arrangement or any other petition in bankruptcy, for
liquidation or to take advantage of any bankruptcy, insolvency, reorganization,
moratorium or other similar law of any jurisdiction, (3) makes an
assignment for the benefit of its creditors, (4) consents to the
appointment of a custodian, receiver, trustee or other officer with similar
powers with respect to it or with respect to any substantial part of its
property, (5) is adjudicated as insolvent or to be liquidated or
(6) takes corporate action for the purpose of any of the foregoing; provided, that if any event
described in this paragraph (h) that constitutes an Event of Default with
respect to any Material Subsidiary shall occur with respect to Immaterial
Subsidiaries constituting Aggregate Material Subsidiaries, it shall also
constitute an Event of Default under this paragraph (h); or

       

      (i) a court
or governmental authority of competent jurisdiction enters an order appointing,
without consent by the Company or any Material Subsidiary, a custodian,
receiver, trustee or other officer with similar powers with respect to it or
with respect to any substantial part of its property, or constituting an order
for relief or approving a petition for relief or reorganization or any other
petition in bankruptcy or for liquidation or to take advantage of any bankruptcy
or insolvency law of any jurisdiction, or ordering the dissolution, winding-up
or liquidation of the Company or any Material Subsidiary, or any such petition
shall be filed against the Company or any Material Subsidiary and such petition
shall not be dismissed within 90 days; provided, that if any event
described in this paragraph (i) that constitutes an Event of Default with
respect to any Material Subsidiary shall occur with respect to Immaterial
Subsidiaries constituting Aggregate Material Subsidiaries, it shall also
constitute an Event of Default under this paragraph (i); or

       

      (j) any event
occurs with respect to the Company or any Material Subsidiary which under the
laws of any jurisdiction is analogous to any of the events described in Section
11(h) or (i), provided
that the applicable grace period, if any, which shall apply shall be the one
applicable to the relevant proceeding which most closely corresponds to the
proceeding described in Section 11(h) or (i); or

       

      (k) a final
judgment or judgments at any one time outstanding for the payment of money
aggregating in excess of $25,000,000 (or its equivalent in the relevant currency
of payment) (to the extent not covered by independent third-party insurance as
to which the insurer does not dispute coverage) are rendered against one or more
of the Company and its Restricted Subsidiaries and which judgments are not,
within 60 days after entry thereof, bonded, discharged or stayed pending appeal,
or are not discharged within 60 days after the expiration of such stay;
or

       

      (l) if
(1) any Plan shall fail to satisfy the minimum funding standards of ERISA
or the Code for any plan year or part thereof or a waiver of such standards or
extension of any amortization period is sought or granted under Section 412
of the Code, (2) a notice of intent to terminate any Plan shall have been
or is reasonably expected to be filed with the PBGC or the PBGC shall have
instituted proceedings under Section 4042 of ERISA to terminate or appoint
a trustee to administer any Plan or the PBGC shall have notified the Company or
any ERISA Affiliate that a Plan may become a subject of any such proceedings,
(3) the aggregate “amount of unfunded benefit liabilities” (within the
meaning of Section 4001(a)(18) of ERISA) under all Plans, determined in
accordance with Title IV of ERISA, shall exceed $25,000,000 more that the
amount disclosed in Section 5.12(b), (4) the Company or any ERISA Affiliate
shall have incurred or is reasonably expected to incur any liability pursuant to
Title I or IV of ERISA or the penalty or excise tax provisions of the Code
relating to employee benefit plans, (5) the Company or any ERISA Affiliate
withdraws from any Multiemployer Plan or (6) the Company or any Restricted
Subsidiary establishes or amends any employee welfare benefit plan that provides
post-employment welfare benefits in a manner that would materially increase the
liability of the Company or any Restricted Subsidiary thereunder; and any such
event or events described in clauses (1) through (6) above, either individually
or together with any other such event or events, would reasonably be expected to
have a Material Adverse Effect.

       

      As used
in Section 11(l), the terms “employee benefit plan” and “employee welfare
benefit plan” shall have the respective meanings assigned to such terms in
Section 3 of ERISA.

       

      SECTION
12. Remedies
on Default, Etc.

       

      Section
12.1 Acceleration.  

       

      (a) If an
Event of Default with respect to the Company described in paragraph (h) or (i)
of Section 11 (other than an Event of Default described in clause (1) of
paragraph (h) or described in clause (6) of paragraph (h) by virtue of the fact
that such clause encompasses clause (1) of paragraph (h)) has occurred, all the
Notes of every Series then outstanding shall automatically become immediately
due and payable.

       

      (b) If any
other Event of Default has occurred and is continuing, the Required Holders may
at any time at their option, by notice or notices to the Company, declare all
the Notes then outstanding to be immediately due and payable.

       

      (c) If any
Event of Default described in paragraph (a) or (b) of Section 11 has
occurred and is continuing, any holder or holders of Notes at the time
outstanding affected by such Event of Default may at any time, at its or their
option, by notice or notices to the Company, declare all the Notes held by such
holder or holders to be immediately due and payable.

       

      Upon any
Note becoming due and payable under this Section 12.1, whether
automatically or by declaration, such Note will forthwith mature and the entire
unpaid principal amount of such Note, plus (1) all accrued and
unpaid interest thereon (including, but not limited to, interest accrued thereon
at the Default Rate) and (2) the applicable Make-Whole Amount, if any,
determined in respect of such principal amount (to the full extent permitted by
applicable law), shall all be immediately due and payable, in each and every
case without presentment, demand, protest or further notice, all of which are
hereby waived.  The Company acknowledges, and the parties hereto
agree, that each holder of a Note has the right to maintain its investment in
the Notes free from repayment by the Company (except as herein or in any
Supplement specifically provided for) and that the provision for payment of a
Make-Whole Amount, if any, by the Company in the event that the Notes are
prepaid or are accelerated as a result of an Event of Default, is intended to
provide compensation for the deprivation of such right under such
circumstances.

       

      Section
12.2 Other Remedies.  If
any Default or Event of Default has occurred and is continuing, and irrespective
of whether any Notes have become or have been declared immediately due and
payable under Section 12.1, the holder of any Note at the time outstanding
may proceed to protect and enforce the rights of such holder by an action at
law, suit in equity or other appropriate proceeding, whether for the specific
performance of any agreement contained herein or in any Supplement or in any
Note, or for an injunction against a violation of any of the terms hereof or
thereof, or in aid of the exercise of any power granted hereby or thereby or by
law or otherwise.

       

      Section
12.3 Rescission.  At any
time after any Notes have been declared due and payable pursuant to
clause (b) or (c) of Section 12.1, the Required Holders, by written
notice to the Company, may rescind and annul any such declaration and its
consequences if (a) the Company has paid all overdue interest on the Notes,
all principal of and applicable Make-Whole Amount, if any, on any Notes that are
due and payable and are unpaid other than by reason of such declaration, and all
interest on such overdue principal and applicable Make-Whole Amount, if any, and
(to the extent permitted by applicable law) any overdue interest in respect of
the Notes, at the Default Rate, (b) neither the Company nor any other
Person shall have paid any amounts which have become due solely by reason of
such declaration, (c) all Events of Default and Defaults, other than
non-payment of amounts that have become due solely by reason of such
declaration, have been cured or have been waived pursuant to Section 17 and
(d) no judgment or decree has been entered for the payment of any monies
due pursuant hereto or to the Notes.  No rescission and annulment
under this Section 12.3 will extend to or affect any subsequent Event of
Default or Default or impair any right consequent thereon.

       

      Section
12.4 No Waivers or Election of Remedies,
Expenses, Etc.  No course of dealing and no delay on the part
of any holder of any Note in exercising any right, power or remedy shall operate
as a waiver thereof or otherwise prejudice such holder’s rights, powers or
remedies.  No right, power or remedy conferred by this Agreement, any
Supplement or by any Note upon any holder thereof shall be exclusive of any
other right, power or remedy referred to herein or therein or now or hereafter
available at law, in equity, by statute or otherwise.  Without
limiting the obligations of the Company under Section 15, the Company will
pay to the holder of each Note on demand such further amount as shall be
sufficient to cover all costs and expenses of such holder incurred in any
enforcement or collection under this Section 12, including, without
limitation, reasonable attorneys’ fees, expenses and disbursements.

       

      SECTION
13. Registration;
Exchange; Substitution of Notes.

       

      Section
13.1 Registration of
Notes.  The Company shall keep at its principal executive
office in the United States a register for the registration and registration of
transfers of Notes.  The name and address of each holder of one or
more Notes, each transfer thereof and the name and address of each transferee of
one or more Notes shall be registered in such register.  Prior to due
presentment for registration of transfer, the Person in whose name any Note
shall be registered shall be deemed and treated as the owner and holder thereof
for all purposes hereof, and the Company shall not be affected by any notice or
knowledge to the contrary.  The Company shall give to any holder of a
Note that is an Institutional Investor promptly upon request therefor, a
complete and correct copy of the names and addresses of all registered holders
of Notes.

       

      Section
13.2 Transfer and Exchange of
Notes.  Upon surrender of any Note to the Company at the
address and to the attention of the designated officer (all as specified in
Section 18(4)), for registration of transfer or exchange (and in the case
of a surrender for registration of transfer accompanied by a written instrument
of transfer duly executed by the registered holder of such Note or such holder’s
attorney duly authorized in writing and accompanied by the relevant name,
address and other information for notices of each transferee of such Note or
part thereof), within 10 Business Days thereafter, the Company shall execute and
deliver, at the Company’s reasonable expense (except as provided below), one or
more new Notes (as requested by the holder thereof) of the same Series (and of
the same tranche if such Series has separate tranches) in exchange therefor, in
an aggregate principal amount equal to the unpaid principal amount of the
surrendered Note.  Each such new Note shall be payable to such Person
as such holder may request and shall be substantially in the form of the Note of
such Series and tranche, if applicable, originally issued hereunder or pursuant
to the applicable Supplement.  Each such new Note shall be dated and
bear interest from the date to which interest shall have been paid on the
surrendered Note or dated the date of the surrendered Note if no interest shall
have been paid thereon.  The Company may require payment of a sum
sufficient to cover any stamp tax or governmental charge imposed in respect of
any such transfer of Notes.  Notes shall not be transferred in
denominations of less than $100,000, provided that if necessary to
enable the registration of transfer by a holder of its entire holding of any
Series or tranche, if applicable, one Note of such Series or tranche, if
applicable, may be in a denomination of less than $100,000.  Any
transferee, by its acceptance of a Note registered in its name (or the name of
its nominee), shall be deemed to have made the representation set forth in
Section 6.3, provided, that such holder
may (in reliance upon information provided by the Company, which shall not be
unreasonably withheld) make a representation to the effect that the purchase by
any holder of any Note will not constitute a non-exempt prohibited transaction
under Section 406(a) of ERISA.

       

      Section
13.3 Replacement of
Notes.  Upon receipt by the Company at the address and to the
attention of the designated officer (all as specified in Section 18(4)) of
evidence reasonably satisfactory to it of the ownership of and the loss, theft,
destruction or mutilation of any Note (which evidence shall be, in the case of
an Institutional Investor, notice from such Institutional Investor of such
ownership and such loss, theft, destruction or mutilation), and

       

      (a) in the
case of loss, theft or destruction, of indemnity reasonably satisfactory to it
(provided that if the
holder of such Note is, or is a nominee for, an original Purchaser, an original
Additional Purchaser or another holder of a Note with a minimum net worth of at
least $50,000,000 or a Qualified Institutional Buyer, such Person’s own
unsecured agreement of indemnity shall be deemed to be satisfactory),
or

       

      (b) in the
case of mutilation, upon surrender and cancellation thereof,

       

      within 10
Business Days thereafter, the Company at its own expense shall execute and
deliver, in lieu thereof, a new Note of the same Series (and of the same tranche
if such Series has separate tranches), dated and bearing interest from the date
to which interest shall have been paid on such lost, stolen, destroyed or
mutilated Note or dated the date of such lost, stolen, destroyed or mutilated
Note if no interest shall have been paid thereon.

       

      SECTION
14. Payments
on Notes.

       

      Section
14.1 Place of
Payment.  Subject to Section 14.2, payments of principal,
Make-Whole Amount, if any, and interest becoming due and payable on the Notes
shall be made in New York, New York at the principal office of Bank of
America, N.A. in such jurisdiction.  The Company may at any time, by
notice to each holder of a Note, change the place of payment of the Notes so
long as such place of payment shall be either the principal office of the
Company in such jurisdiction or the principal office of a bank or trust company
in such jurisdiction.

       

      Section
14.2 Home Office
Payment.  So long as any Purchaser or Additional Purchaser or
such Person’s nominee shall be the holder of any Note, and notwithstanding
anything contained in Section 14.1 or in such Note to the contrary, the
Company will pay all sums becoming due on such Note for principal, Make-Whole
Amount, if any, and interest by the method and at the address specified for such
purpose below such Purchaser’s name in Schedule A or, in the case of any
Additional Purchaser, Schedule A attached to the applicable Supplement, or by
such other method or at such other address as such Purchaser or Additional
Purchaser shall have from time to time specified to the Company in writing for
such purpose, without the presentation or surrender of such Note or the making
of any notation thereon, except that upon written request of the Company made
concurrently with or reasonably promptly after payment or prepayment in full of
any Note, such Purchaser or Additional Purchaser shall surrender such Note for
cancellation, reasonably promptly after any such request, to the Company at its
principal executive office or at the place of payment most recently designated
by the Company pursuant to Section 14.1.  Prior to any sale or
other disposition of any Note held by a Purchaser or Additional Purchaser or
such Person’s nominee, such Person will, at its election, either endorse thereon
the amount of principal paid thereon and the last date to which interest has
been paid thereon or surrender such Note to the Company in exchange for a new
Note or Notes pursuant to Section 13.2.  The Company will afford
the benefits of this Section 14.2 to any Institutional Investor that is the
direct or indirect transferee of any Note purchased by a Purchaser under this
Agreement or any Additional Purchaser under a Supplement and that has made the
same agreement relating to such Note as such Purchaser or Additional Purchaser
has made in this Section 14.2.

       

      SECTION
15. Expenses,
Etc.

       

      Section
15.1 Transaction
Expenses.  Whether or not the transactions contemplated hereby
are consummated, the Company will pay all costs and expenses (including
reasonable attorneys’ fees of a special counsel for the Purchasers or any
Additional Purchasers and, if reasonably required by the Required Holders, local
or other counsel) incurred by each Purchaser, each Additional Purchaser and each
other holder of a Note in connection with such transactions and in connection
with any amendments, waivers or consents under or in respect of this Agreement,
any Supplement or the Notes (whether or not such amendment, waiver or consent
becomes effective), including, without limitation: (a) the costs and
expenses incurred in enforcing or defending (or determining whether or how to
enforce or defend) any rights under this Agreement, any Supplement or the Notes
or in responding to any subpoena or other legal process or informal
investigative demand issued in connection with this Agreement, any Supplement or
the Notes, or by reason of being a holder of any Note, (b) the costs and
expenses, including financial advisors’ fees, incurred in connection with the
insolvency or bankruptcy of the Company or any Subsidiary or in connection with
any work-out or restructuring of the transactions contemplated hereby, by any
Supplement and by the Notes and (c) the costs and expenses incurred in
connection with the initial filing of this Agreement and all related documents
and financial information with the SVO provided, that such costs and
expenses under this clause (c) shall not exceed $5,000.  The Company
will pay, and will save each Purchaser, each Additional Purchaser and each other
holder of a Note harmless from, all claims in respect of any fees, costs or
expenses if any, of brokers and finders (other than those, if any, retained by a
Purchaser, an Additional Purchaser or other holder in connection with its
purchase of its Notes).

       

      Section
15.2 Survival.  The
obligations of the Company under this Section 15 will survive the payment
or transfer of any Note, the enforcement, amendment or waiver of any provision
of this Agreement, any Supplement or the Notes, and the termination of this
Agreement or any Supplement.

       

      SECTION
16. Survival
of Representations and Warranties; Entire Agreement.

       

      All
representations and warranties contained herein or in any Supplement shall
survive the execution and delivery of this Agreement, such Supplement and the
Notes, the purchase or transfer by any Purchaser or any Additional Purchaser of
any Note or portion thereof or interest therein and the payment of any Note may
be relied upon by any subsequent holder of a Note, regardless of any
investigation made at any time by or on behalf of any Purchaser, any Additional
Purchaser or any other holder of a Note.  All statements contained in
any certificate or other instrument delivered by or on behalf of the Company
pursuant to this Agreement or any Supplement shall be deemed representations and
warranties of the Company under this Agreement; provided, that the
representations and warranties contained in any Supplement shall be made for the
benefit of all holders of Notes so long as any Additional Notes issued pursuant
to such Supplement remain outstanding.  Subject to the preceding
sentence, this Agreement (including every Supplement) and the Notes embody the
entire agreement and understanding between each Purchaser, each Additional
Purchaser and the Company and supersede all prior agreements and understandings
relating to the subject matter hereof.

       

      SECTION
17. Amendment
and Waiver.

       

      Section
17.1 Requirements.  

       

      (a) This
Agreement, any Supplement and the Notes may be amended, and the observance of
any term hereof, of any Supplement or of the Notes may be waived (either
retroactively or prospectively), with (and only with) the written consent of the
Company and the Required Holders, except that (1) no amendment or waiver of
any of the provisions of Section 1, 2, 3, 4, 5, 6 or 21 or of the
corresponding provision of any Supplement, or any defined term (as it is used in
any such Section or such corresponding provision of any Supplement), will be
effective as to any holder of Notes unless consented to by such holder of Notes
in writing and (2) no such amendment or waiver may, without the written
consent of the holder of each Note at the time outstanding affected thereby,
(i) subject to the provisions of Section 12 relating to acceleration
or rescission, change the amount or time of any prepayment or payment of
principal of, or reduce the rate or change the time of payment or method of
computation of interest or of the applicable Make-Whole Amount, if any, on, the
Notes, (ii) change the percentage of the principal amount of the Notes the
holders of which are required to consent to any such amendment or waiver or
(iii) amend any of Sections 8, 11(a), 11(b), 12, 17 or
20.

       

      (b) Supplements.  Notwithstanding
anything to the contrary contained herein, the Company may enter into any
Supplement providing for the issuance of one or more Series of Additional Notes
consistent with Section 2.2 hereof without obtaining the consent of any holder
of any other Series of Notes.

       

      Section
17.2 Solicitation of Holders of
Notes.

       

      (a) Solicitation.  The
Company will provide each holder of Notes (irrespective of the amount of Notes
then owned by it) with sufficient information, sufficiently far in advance of
the date a decision is required, to enable such holder to make an informed and
considered decision with respect to any proposed amendment, waiver or consent in
respect of any of the provisions hereof, of any Supplement, of any Subsidiary
Guaranty or of the Notes.  The Company will deliver executed or true
and correct copies of each amendment, waiver or consent effected pursuant to the
provisions of this Section 17 to each holder of outstanding Notes promptly
following the date on which it is executed and delivered by, or receives the
consent or approval of, the requisite holders of Notes.

       

      (b) Payment.  The
Company will not directly or indirectly pay or cause to be paid any
remuneration, whether by way of supplemental or additional interest, fee or
otherwise, or grant any security or provide other credit support, to any holder
of Notes as consideration for or as an inducement to the entering into by any
holder of Notes of any waiver or amendment of any of the terms and provisions
hereof, of any Supplement, of any Subsidiary Guaranty or any Note unless such
remuneration is concurrently paid, or security is concurrently granted or other
credit support is concurrently provided, on the same terms, ratably to each
holder of Notes then outstanding even if such holder did not consent to such
waiver or amendment.

       

      (c) Consent in Contemplation of
Transfer.  Any consent made pursuant to this Section 17 by
a holder of Notes that has transferred or has agreed to transfer its Notes to
the Company or any Affiliate and has provided or has agreed to provide such
written consent as a condition to such transfer shall be void and of no force or
effect except solely as to such holder, and any amendments effected or waivers
granted or to be effected or granted that would not have been or would not be so
effected or granted but for such consent (and the consents of all other holders
of Notes that were acquired under the same or similar conditions) shall be void
and of no force or effect except solely as to such holder.

       

      Section
17.3 Binding Effect,
Etc.  Any amendment or waiver consented to as provided in this
Section 17 applies equally to all holders of Notes and is binding upon them
and upon each future holder of any Note and upon the Company without regard to
whether such Note has been marked to indicate such amendment or
waiver.  No such amendment or waiver will extend to or affect any
obligation, covenant, agreement, Default or Event of Default not expressly
amended or waived or impair any right consequent thereon.  No course
of dealing between the Company and the holder of any Note nor any delay in
exercising any rights hereunder, under any Subsidiary Guaranty or under any Note
shall operate as a waiver of any rights of any holder of such
Note.  As used herein, the term “this Agreement” and references
thereto shall mean this Agreement as it may from time to time be amended or
supplemented.

       

      Section
17.4 Notes Held by Company,
Etc.  Solely for the purpose of determining whether the holders
of the requisite percentage of the aggregate principal amount of Notes then
outstanding approved or consented to any amendment, waiver or consent to be
given under this Agreement, any Supplement, any Subsidiary Guaranty or the
Notes, or have directed the taking of any action provided herein, in any
Supplement, in any Subsidiary Guaranty or in the Notes to be taken upon the
direction of the holders of a specified percentage of the aggregate principal
amount of Notes then outstanding, Notes directly or indirectly owned by the
Company or any of its Affiliates shall be deemed not to be
outstanding.

       

      SECTION
18. Notices.

       

      All
notices and communications provided for hereunder shall be in writing and sent
(a) by telecopy if the sender on the same day sends a confirming copy of
such notice by a recognized overnight delivery service (charges prepaid),
(b) by a recognized overnight delivery service (charges prepaid) or (c) by
posting to IntraLinks®, or a similar service reasonably acceptable to the
Required Holders, if the sender on the same day sends or causes to be sent
notice of such posting by electronic mail.  Any such notice must be
sent:

       

      (1) if to any
Purchaser or its nominee, to such Purchaser or its nominee at the address or, in
the case of clause (c) above, the e-mail address specified for such
communications in Schedule A, or at such other address or e-mail address as
such Purchaser or nominee shall have specified to the Company in writing
pursuant to this Section 18;

       

      (2) if to any
Additional Purchaser or its nominee, to such Additional Purchaser or its nominee
at the address, or in the case of clause (c) above, the e-mail address specified
for such communications in Schedule A to the applicable Supplement, or at such
other address or e-mail address as such Additional Purchaser or its nominee
shall have specified to the Company in writing pursuant to this Section
18;

       

      (3) if to any
other holder of any Note, to such holder at such address or, in the case of
clause (c) above, such e-mail address as such other holder shall have specified
to the Company in writing pursuant to this Section 18; or

       

      (4) if to the
Company, to the Company at its address set forth at the beginning hereof to the
attention of Chief Financial Officer, with a copy to the General Counsel at Im
Langacher, P.O. Box MT100 CH-8606, Griefensee, Switzerland, or at such other
address as the Company shall have specified to the holder of each Note in
writing.

       

      Notices
under this Section 18 will be deemed given only when actually
received.

       

      SECTION
19. Reproduction
of Documents.

       

      This
Agreement and all documents relating hereto, including, without limitation,
(a) all Supplements, (b) consents, waivers and modifications that may
hereafter be executed, (c) documents received by any Purchaser on the
Closing Date or by any Additional Purchaser on the date of purchase of its
Additional Notes (except the Notes themselves) and (d) financial
statements, certificates and other information previously or hereafter furnished
to any holder of Notes, may be reproduced by such holder by any photographic,
photostatic, electronic, digital, or other similar process and such holder may
destroy any original document so reproduced.  The Company agrees and
stipulates that, to the extent permitted by applicable law, any such
reproduction shall be admissible in evidence as the original itself in any
judicial or administrative proceeding (whether or not the original is in
existence and whether or not such reproduction was made by such holder of Notes
in the regular course of business) and any enlargement, facsimile or further
reproduction of such reproduction shall likewise be admissible in
evidence.  This Section 19 shall not prohibit the Company or any
other holder of Notes from contesting any such reproduction to the same extent
that it could contest the original, or from introducing evidence to demonstrate
the inaccuracy of any such reproduction.

       

      SECTION
20. Confidential
Information.

       

      For the
purposes of this Section 20, “Confidential Information”
shall mean information delivered to any Purchaser or Additional Purchaser by or
on behalf of the Company or any Subsidiary in connection with the transactions
contemplated by or otherwise pursuant to this Agreement or any Supplement that
is proprietary in nature and that was clearly marked or labeled or otherwise
adequately identified when received by such Purchaser or Additional Purchaser as
being confidential information of the Company or such Subsidiary, provided that such term does
not include information that (a) was publicly known or otherwise known to
such Purchaser or Additional Purchaser prior to the time of such disclosure,
(b) subsequently becomes publicly known through no act or omission by such
Purchaser or Additional Purchaser or any Person acting on such Purchaser’s or
Additional Purchaser’s behalf, (c) otherwise becomes known to such
Purchaser or Additional Purchaser other than through disclosure by the Company
or any Subsidiary or (d) constitutes financial statements delivered to such
Purchaser or Additional Purchaser under Section 7.1 that are otherwise
publicly available.  Each Purchaser or Additional Purchaser will
maintain the confidentiality of such Confidential Information in accordance with
procedures adopted by such Purchaser or Additional Purchaser in good faith to
protect confidential information of third parties delivered to such Purchaser or
Additional Purchaser, provided that such Purchaser
or Additional Purchaser may deliver or disclose Confidential Information to
(1) its directors, trustees, officers, employees, agents, attorneys,
trustees and affiliates (to the extent such disclosure reasonably relates to the
administration of the investment represented by its Notes), (2) its
financial advisors and other professional advisors who agree to hold
confidential the Confidential Information substantially in accordance with the
terms of this Section 20, (3) any other holder of any Note,
(4) any Institutional Investor to which it sells or offers to sell such
Note or any part thereof or any participation therein (if such Person has agreed
in writing prior to its receipt of such Confidential Information to be bound by
the provisions of this Section 20), (5) any Person from which it
offers to purchase any Security of the Company (if such Person has agreed in
writing prior to its receipt of such Confidential Information to be bound by the
provisions of this Section 20), (6) any federal or state regulatory
authority having jurisdiction over such Purchaser or Additional Purchaser,
(7) the NAIC or the SVO or, in each case, any similar organization, or any
nationally recognized rating agency that requires access to information about
such Purchaser’s or Additional Purchaser’s investment portfolio, or (8) any
other Person to which such delivery or disclosure may be necessary or
appropriate (i) to effect compliance with any law, rule, regulation or
order applicable to such Purchaser or Additional Purchaser, (ii) in
response to any subpoena or other legal process, (iii) in connection with
any litigation to which such Purchaser or Additional Purchaser is a party or
(iv) if an Event of Default has occurred and is continuing, to the extent
such Purchaser or Additional Purchaser may reasonably determine such delivery
and disclosure to be necessary or appropriate in the enforcement or for the
protection of the rights and remedies under such Purchaser’s or Additional
Purchaser’s Notes, any Subsidiary Guaranty and this Agreement (including any
Supplement).  Each holder of a Note, by its acceptance of a Note, will
be deemed to have agreed to be bound by and to be entitled to the benefits of
this Section 20 as though it were a party to this Agreement.  On
reasonable request by the Company in connection with the delivery to any holder
of a Note of information required to be delivered to such holder under this
Agreement or any Supplement or requested by such holder (other than a holder
that is a party to this Agreement or any Supplement or its nominee), such holder
will enter into an agreement with the Company embodying the provisions of this
Section 20.

       

      SECTION
21. Substitution
of Purchaser.

       

      Each
Purchaser and each Additional Purchaser shall have the right to substitute any
one of its Affiliates as the purchaser of the Notes that it has agreed to
purchase hereunder or under a Supplement, by written notice to the Company,
which notice shall be signed by both such Purchaser or Additional Purchaser and
such Affiliate, shall contain such Affiliate’s agreement to be bound by this
Agreement or such Supplement, as the case may be, and shall contain a
confirmation by such Affiliate of the accuracy with respect to it of the
representations set forth in Section 6.  Upon receipt of such notice,
any reference to such Purchaser or Additional Purchaser in this Agreement (other
than in this Section 21) or such Supplement, shall be deemed to refer to such
Affiliate in lieu of such original Purchaser or such original Additional
Purchaser.  In the event that such Affiliate is so substituted as a
Purchaser or Additional Purchaser hereunder and such Affiliate thereafter
transfers to such original Purchaser or such original Additional Purchaser all
of the Notes then held by such Affiliate, upon receipt by the Company of notice
of such transfer, any reference to such Affiliate as a “Purchaser” or an
“Additional Purchaser” in this Agreement (other than in this Section 21) or such
Supplement, shall no longer be deemed to refer to such Affiliate, but shall
refer to such original Purchaser or such original Additional Purchaser, and such
original Purchaser or such original Additional Purchaser shall again have all
the rights of an original holder of the Notes under this Agreement or such
Supplement, as the case may be.

       

      SECTION
22. Miscellaneous.

       

      Section
22.1 Successors and
Assigns.  All covenants and other agreements contained in this
Agreement (including all covenants and other agreements contained in any
Supplement) by or on behalf of any of the parties hereto bind and inure to the
benefit of their respective successors and assigns (including, without
limitation, any subsequent holder of a Note) whether so expressed or
not.

       

      Section
22.2 Payments Due on Non-Business
Days.  Anything in this Agreement, any Supplement or the Notes
to the contrary notwithstanding (but without limiting the requirement in
Section 8.4 that the notice of any optional prepayment specify a Business
Day as the date fixed for such prepayment), any payment of principal of or
Make-Whole Amount, if any, or interest on any Note that is due on a date other
than a Business Day shall be made on the next succeeding Business Day without
including the additional days elapsed in the computation of the interest payable
on such next succeeding Business Day; provided that if the maturity
date of any Note is a date other than a Business Day, the payment otherwise due
on such maturity date shall be made on the next succeeding Business Day and
shall include the additional days elapsed in the computation of interest payable
on such next succeeding Business Day.

       

      Section
22.3 Accounting
Terms.  All accounting terms used herein or in any Supplement
which are not expressly defined in this Agreement or in such Supplement have the
meanings respectively given to them in accordance with GAAP.  Except
as otherwise specifically provided herein or in any Supplement, (a) all
computations made pursuant to this Agreement or in such Supplement shall be made
in accordance with GAAP and (b) all financial statements shall be prepared
in accordance with GAAP.

       

      Section
22.4 Severability.  Any
provision of this Agreement or any Supplement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof or of such Supplement, and any such prohibition or
unenforceability in any jurisdiction shall (to the full extent permitted by law)
not invalidate or render unenforceable such provision in any other
jurisdiction.

       

      Section
22.5 Construction,
Etc.  Each covenant contained herein or in any Supplement shall
be construed (absent express provision to the contrary) as being independent of
each other covenant contained herein or in any Supplement, so that compliance
with any one covenant shall not (absent such an express contrary provision) be
deemed to excuse compliance with any other covenant.  Where any
provision herein or in any Supplement refers to action to be taken by any
Person, or which such Person is prohibited from taking, such provision shall be
applicable whether such action is taken directly or indirectly by such
Person.

       

      For the
avoidance of doubt, all Schedules and Exhibits attached to this Agreement or any
Supplement shall be deemed to be a part hereof or of such
Supplement.

       

      Section
22.6 Counterparts.  This
Agreement may be executed in any number of counterparts, each of which shall be
an original but all of which together shall constitute one
instrument.  Each counterpart may consist of a number of copies
hereof, each signed by less than all, but together signed by all, of the parties
hereto.

       

      Section
22.7 Governing
Law.  This Agreement shall be construed and enforced in
accordance with, and the rights of the parties shall be governed by, the law of
the State of New York excluding choice-of-law principles of the law of such
State that would permit the application of the laws of a jurisdiction other than
such State.

       

      Section
22.8 Jurisdiction and Process; Waiver of
Jury Trial.  

       

      (a) The
Company irrevocably submits to the non-exclusive jurisdiction of any New York
State or federal court sitting in the Borough of Manhattan, The City of New
York, over any suit, action or proceeding arising out of or relating to this
Agreement, any Supplement or the Notes.  To the fullest extent
permitted by applicable law, the Company irrevocably waives and agrees not to
assert, by way of motion, as a defense or otherwise, any claim that it is not
subject to the jurisdiction of any such court, any objection that it may now or
hereafter have to the laying of the venue of any such suit, action or proceeding
brought in any such court and any claim that any such suit, action or proceeding
brought in any such court has been brought in an inconvenient
forum.

       

      (b) The
Company consents to process being served by or on behalf of any holder of Notes
in any suit, action or proceeding of the nature referred to in
Section 22.8(a) by mailing a copy thereof by registered or certified mail
(or any substantially similar form of mail), postage prepaid, return receipt
requested, to it at its address specified in Section 18(4) or at such other
address of which such holder shall then have been notified pursuant to said
Section.  The Company agrees that such service upon receipt
(1) shall be deemed in every respect effective service of process upon it
in any such suit, action or proceeding and (2) shall, to the fullest extent
permitted by applicable law, be taken and held to be valid personal service upon
and personal delivery to it.  Notices hereunder shall be conclusively
presumed received as evidenced by a delivery receipt furnished by the United
States Postal Service or any reputable commercial delivery service.

       

      (c) Nothing
in this Section 22.8 shall affect the right of any holder of a Note to
serve process in any manner permitted by law, or limit any right that the
holders of any of the Notes may have to bring proceedings against the Company in
the courts of any appropriate jurisdiction or to enforce in any lawful manner a
judgment obtained in one jurisdiction in any other jurisdiction.

       

      (d) The
parties hereto hereby waive trial by jury in any action brought on or with
respect to this Agreement, any Supplement, the Notes or any other document
executed in connection herewith or therewith.

       

      *  *  *  *  *

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      The
execution hereof by the Purchasers shall constitute a contract among the Company
and the Purchasers for the uses and purposes hereinabove set forth.

       

      
        
          
            
              
                
                  
                    
                      
                        
                          	 	Very
      truly yours,	 
	 	 	 
	 	
                                  Mettler-Toledo
      International Inc.

                                	 
	 	 	 	 
	
                                   

                                	
                                  By:
      

                                	 /s/ Mary
      Finnegan	 
	 	 	Name:	 Mary
      Finnegan	 
	 	 	Title:	 Vice
      President, Treasurer and Assistant Secretary	 
	 	 	 	 

                        

                      

                    

                  

                

              

            

          

        

      

       

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Accepted
as of the date first written above.

       

      
        
          
            
              	
                    	
                      Connecticut
      General Life Insurance Company

                       

                      By:  CIGNA Investments,
      Inc.

                             
      (authorized agent)

                    	 
	 	 	 	 
	
                       

                    	
                      By:
      

                    	 /s/ Leonard
      Mazlish	 
	 	 	Name:	 Leonard
      Mazlish	 
	 	 	Title:	 Managing
      Director	 
	 	 	 	 

            

          

        

         

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

         

        
          Accepted
as of the date first written above.

        

        
           

          
            
              
                
                  	
                        	
                          The
      Lincoln National Life Insurance Company

                           

                          By:  Delaware Investment
      Advisers,

                                 
      a series of Delaware Management

                                 
      Business Trust, Attorney in Fact

                        	 
	 	 	 	 
	
                           

                        	
                          By:
      

                        	 /s/ Edward J.
      Brennan	 
	 	 	Name:	 Edward
      J. Brennan	 
	 	 	Title:	 Vice
    President	 
	 	 	 	 

                

              

            

             

               

              
                
                  
                    
                      	
                            	
                              Lincoln
      Life & Annuity Company of New York

                               

                              By:  Delaware Investment Advisers,
      

                                       
      a series of Delaware Management

                                       
      Business Trust, Attorney in Fact

                              

                            	 
	 	 	 	 
	
                               

                            	
                              By:
      

                            	 /s/ Edward J.
      Brennan	 
	 	 	Name:	 Edward
      J. Brennan	 
	 	 	Title:	 Vice
    President	 
	 	 	 	 

                    

                  

                

                
 

                 

                
                  
                    
                    

                  

                  
                    
                    

                    
                      

                    

                  

                  
                    
                    

                  

                

                 

                
                  
                    Accepted
as of the date first written above.

                  

                  
                     

                    
                      
                        
                          
                            	
                                  	
                                    C.M.
      Life Insurance Company

                                     

                                    By:  Babson Capital Management
      LLC

                                            as Investment
      Advisor

                                  	 
	 	 	 	 
	
                                     

                                  	
                                    By:
      

                                  	 /s/ Elisabeth A.
      Perenick	 
	 	 	Name:	 Elisabeth A. Perenick	 
	 	 	Title:	 Managing
      Director	 
	 	 	 	 

                          

                        

                      

                       

                         

                        
                          
                            
                              
                                	
                                      	
                                        Massachusetts
      Mutual Life Insurance Company

                                         

                                        By:  Babson Capital Management LLC
      

                                                  as Investment
      Advisor

                                        

                                      	 
	 	 	 	 
	
                                         

                                      	
                                        By:
      

                                      	 /s/ Elisabeth A.
      Perenick	 
	 	 	Name:	 Elisabeth A. Perenick	 
	 	 	Title:	 Managing
      Director	 
	 	 	 	 

                              

                            

                          

                           

                          
                             

                            
                              
                                
                                  
                                    	
                                          	
                                            MassMutual
      Asia Limited

                                             

                                            By:  Babson Capital Management LLC
      

                                                      as Investment
      Advisor

                                            

                                          	 
	 	 	 	 
	
                                             

                                          	
                                            By:
      

                                          	 /s/ Elisabeth A.
      Perenick	 
	 	 	Name:	 Elisabeth A. Perenick	 
	 	 	Title:	 Managing
      Director	 
	 	 	 	 

                                  

                                

                              

                              
 

                              
                                
                                  
                                  

                                

                                
                                  
                                  

                                  
                                    

                                  

                                

                                
                                  
                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

                 

                 

                
                  
                    Accepted
as of the date first written above.

                  

                  
                     

                    
                      
                        
                          
                            	
                                  	
                                    American
      Investors Life Insurance Company 

                                    Aviva
      Life and Annuity Company

                                     

                                    By:  Aviva Investors North America,
      Inc.,

                                            its authorized
      attorney-in-fact

                                  	 
	 	 	 	 
	
                                     

                                  	
                                    By:
      

                                  	 /s/ Roger D.
      Fors	 
	 	 	Name:	 Roger
      D. Fors	 
	 	 	Title:	 VP-Private
      Placements	 
	 	 	 	 

                          

                        

                      

                      
                      

                    

                  

                

                 

                
                  
                    
                    

                  

                  
                    
                    

                    
                      

                    

                  

                  
                    
                    

                  

                

                 

                
                  
                    
                      Accepted
as of the date first written above.

                    

                    
                       

                      
                        
                          
                            
                              	
                                    	
                                      Bankers
      Life and Casualty Company 

                                      Conseco
      Life Insurance Company 

                                      Conseco
      Health Insurance Company 

                                      Colonial
      Penn Life Insurance Company

                                       

                                      By:  40/86 Advisors, Inc. acting
      as

                                              Investment
      Advisor

                                    	 
	 	 	 	 
	
                                       

                                    	
                                      By:
      

                                    	 /s/ Timothy L.
      Powell	 
	 	 	Name:	 Timothy
      L. Powell	 
	 	 	Title:	 Vice
    President	 
	 	 	 	 

                            

                          

                        

                        
                        

                      

                    

                  

                

                
 

              

            

          

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Information
Relating to Purchasers

       

      
        	
                 

                   
      Name and Address of Purchaser

                 

                Connecticut
      General Life Insurance

                   Company

                c/o
      CIGNA Investments, Inc.

                Wilde
      Building, A5PRI

                900
      Cottage Grove Road

                Bloomfield,
      Connecticut  06002

                Attention:  Fixed
      Income Securities

                Facsimile:  (860)
      226-8400

              	
                                  
       Principal Amount of the

                       
      Series 2009-A Notes to be Purchased

                 

                $20,000,000

                Denominations

                $9,000,000

                $3,000,000

                $2,000,000

                $2,000,000

                $2,000,000

                $1,000,000

                $1,000,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      
        [Intentionally
omitted]

      

      
        
        

      

      

      Notices

      

      All
notices related to payments to be addressed:

      

      CIG & Co.

      c/o CIGNA Investments,
Inc.

      Wilde Building, A5PRI

      900 Cottage Grove Road

      Bloomfield,
Connecticut  06002

      Attention:  Fixed Income
Securities

      Facsimile:  (860)
226-8400

      

      with a
copy to:

      

      J.P.
Morgan Chase Bank

      14201
Dallas Parkway, 13th Floor

      Dallas,
Texas  75254

      Attention:  Jamshid
Irshad, Mail Code TX1-J249

      Telephone:  (469)
477-2036

      Facsimile:   (469)
477-1904

       

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  CIG & Co.

       

      Taxpayer
I.D. Number for CIG & Co.:  13-3574027

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                  
      Name and Address of Purchaser

                 

                The
      Lincoln National Life Insurance

                   Company

                c/o
      Delaware Investment Advisers

                2005
      Market Street, Mail Stop 41-104

                Philadelphia,
      Pennsylvania 19103

                Attention:  Fixed
      Income Private Placements

                Private
      Placement Facsimile:  (215) 255-1654

              	
                               
        Principal Amount of the

                       
      Series 2009-A Notes to be Purchased

                 

                $5,000,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

       

      
        [Intentionally
omitted]

      

       

      Notices

      

      All
notices related to payments to be addressed:

      

      Lincoln Financial Group

      1300 South Clinton Street,
2H-17

      Fort Wayne,
Indiana  46802

      Attention:  K. Estep –
Investment Accounting

      Investment Accounting
Facsimile:  (260) 455-2622

      

      and

      

      The Bank
of New York Mellon

      P.O. Box
19266

      Newark,
New Jersey  07195

      Attention:  Private
Placement P & I Department

      Reference:  Acct
Name/PPN/Cusip#

      

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  None

       

      Taxpayer
I.D. Number:  35-0472300

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                  
      Name and Address of Purchaser

                 

                The
      Lincoln National Life Insurance

                   Company

                c/o
      Delaware Investment Advisers

                2005
      Market Street, Mail Stop 41-104

                Philadelphia,
      Pennsylvania 19103

                Attention:  Fixed
      Income Private Placements

                Private
      Placement Facsimile:  (215) 255-1654

              	
                                 
      Principal Amount of the

                       
      Series 2009-A Notes to be Purchased

                 

                $5,000,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

       

      
        [Intentionally
omitted]

      

      

      Notices

      

      All
notices related to payments to be addressed:

      

      Lincoln Financial Group

      1300 South Clinton Street,
2H-17

      Fort Wayne,
Indiana  46802

      Attention:  K. Estep –
Investment Accounting

      Investment Accounting
Facsimile:  (260) 455-2622

      

      and

      

      The Bank
of New York Mellon

      P.O. Box
19266

      Newark,
New Jersey  07195

      Attention:  Private
Placement P & I Department

      Reference:  Acct
Name/PPN/Cusip#

      

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  None

       

      Taxpayer
I.D. Number:  35-0472300

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                   
      Name and Address of Purchaser

                 

                The
      Lincoln National Life Insurance

                   Company

                c/o
      Delaware Investment Advisers

                2005
      Market Street, Mail Stop 41-104

                Philadelphia,
      Pennsylvania 19103

                Attention:  Fixed
      Income Private Placements

                Private
      Placement Facsimile:  (215) 255-1654

              	
                            
           Principal Amount of the

                       
      Series 2009-A Notes to be Purchased

                 

                $3,000,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

       

      
        [Intentionally
omitted]

      

       

      Notices

      

      All
notices related to payments to be addressed:

      

      Lincoln Financial Group

      1300 South Clinton Street,
2H-17

      Fort Wayne,
Indiana  46802

      Attention:  K. Estep –
Investment Accounting

      Investment Accounting
Facsimile:  (260) 455-2622

      

      and

      

      The Bank
of New York Mellon

      P.O. Box
19266

      Newark,
New Jersey  07195

      Attention:  Private
Placement P & I Department

      Reference:  Acct
Name/PPN/Cusip#

      

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  None

       

      Taxpayer
I.D. Number:  35-0472300

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                    
      Name and Address of Purchaser

                 

                The
      Lincoln National Life Insurance

                   Company

                c/o
      Delaware Investment Advisers

                2005
      Market Street, Mail Stop 41-104

                Philadelphia,
      Pennsylvania 19103

                Attention:  Fixed
      Income Private Placements

                Private
      Placement Facsimile:  (215) 255-1654

              	
                                 
      Principal Amount of the

                       
      Series 2009-A Notes to be Purchased

                 

                $2,000,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

       

      
        [Intentionally
omitted]

         

      

      Notices

      

      All
notices related to payments to be addressed:

      

      Lincoln Financial Group

      1300 South Clinton Street,
2H-17

      Fort Wayne,
Indiana  46802

      Attention:  K. Estep –
Investment Accounting

      Investment Accounting
Facsimile:  (260) 455-2622

      

      and

      

      The Bank
of New York Mellon

      P.O. Box
19266

      Newark,
New Jersey  07195

      Attention:  Private
Placement P & I Department

      Reference:  Acct
Name/PPN/Cusip#

      

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  None

       

      Taxpayer
I.D. Number:  35-0472300

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                      
      Name and Address of Purchaser

                 

                Lincoln
      Life & Annuity Company of New

                   York

                c/o
      Delaware Investment Advisers

                2005
      Market Street, Mail Stop 41-104

                Philadelphia,
      Pennsylvania 19103

                Attention:  Fixed
      Income Private Placements

                Private
      Placement Facsimile:  (215) 255-1654

              	
                              
         Principal Amount of the

                        Series
      2009-A Notes to be Purchased

                 

                $5,000,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

       

      
        [Intentionally
omitted]

      

       

      Notices

      

      All
notices related to payments to be addressed:

      

      Lincoln Financial Group

      1300 South Clinton Street,
2H-17

      Fort Wayne,
Indiana  46802

      Attention:  K. Estep –
Investment Accounting

      Investment Accounting
Facsimile:  (260) 455-2622

      

      and

      

      The Bank
of New York Mellon

      P.O. Box
19266

      Newark,
New Jersey  07195

      Attention:  Private
Placement P & I Department

      Reference:  Acct
Name/PPN/Cusip#

      

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  None

       

      Taxpayer
I.D. Number:  22-0832760

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                     
      Name and Address of Purchaser

                 

                Massachusetts
      Mutual Life Insurance

                   Company

                c/o
      Babson Capital Management LLC

                1500
      Main Street – Suite 2200

                P.O.
      Box 15189

                Springfield,
      Massachusetts  01115-5189

                Attention:  Securities
      Investment Division

              	
                                
      Principal Amount of the

                     
      Series 2009-A Notes to be Purchased

                 

                $9,400,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      With
telephone advice of payment to the Securities Custody and Collection Department
of Babson Capital Management LLC at (413) 226-1754 or (413)
226-1803.

      

      Notices

      

      All
notices related to payments to be addressed:

      

      Massachusetts Mutual Life Insurance
Company

      c/o Babson Capital Management
LLC

      1500 Main Street, Suite
200

      P.O. Box 15189

      Springfield,
Massachusetts  01115-5189

      Attention:  Securities
Custody and Collection Department

      

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  None

       

      Taxpayer
I.D. Number:  04-1590850

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                    
      Name and Address of Purchaser

                 

                Massachusetts
      Mutual Life Insurance

                   Company

                c/o
      Babson Capital Management LLC

                1500
      Main Street – Suite 2200

                PO
      Box 15189

                Springfield,
      Massachusetts  01115-5189

                Attention:  Securities
      Investment Division

              	
                                
      Principal Amount of the

                     
      Series 2009-A Notes to be Purchased

                 

                $4,500,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      With
telephone advice of payment to the Securities Custody and Collection Department
of Babson Capital Management LLC at (413) 226-1754 or (413)
226-1803.

      

      Notices

      

      All
notices related to payments to be addressed:

      

      Massachusetts Mutual Life Insurance
Company

      c/o Babson Capital Management
LLC

      1500 Main Street, Suite
200

      P.O. Box 15189

      Springfield,
Massachusetts  01115-5189

      Attention:  Securities
Custody and Collection Department

      

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  None

       

      Taxpayer
I.D. Number:  04-1590850

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                  
      Name and Address of Purchaser

                 

                C.M.
      Life Insurance Company

                c/o
      Babson Capital Management LLC

                1500
      Main Street – Suite 2200

                P.O.
      Box 15189

                Springfield,
      Massachusetts  01115-5189

                Attention:  Securities
      Investment Division

              	
                                
      Principal Amount of the

                     
      Series 2009-A Notes to be Purchased

                 

                $3,500,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      With
telephone advice of payment to the Securities Custody and Collection Department
of Babson Capital Management LLC at (413) 226-1819 or (413)
226-1803.

      

      Notices

      

      All
notices related to payments to be addressed:

      

      C.M. Life Insurance
Company

      c/o Babson Capital Management
LLC

      1500 Main Street, Suite
200

      P.O. Box 15189

      Springfield,
Massachusetts  01115-5189

      Attention:  Securities
Custody and Collection Department

      

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  None

       

      Taxpayer
I.D. Number:  06-1041383

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                      
      Name and Address of Purchaser

                 

                Massachusetts
      Mutual Life Insurance

                   Company

                c/o
      Babson Capital Management LLC

                1500
      Main Street – Suite 2200

                PO
      Box 15189

                Springfield,
      Massachusetts  01115-5189

                Attention:  Securities
      Investment Division

              	
                                
      Principal Amount of the

                     
      Series 2009-A Notes to be Purchased

                 

                $1,100,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      With
telephone advice of payment to the Securities Custody and Collection Department
of Babson Capital Management LLC at (413) 226-1754 or (413)
226-1803.

      

      Notices

      

      All
Address for all notices related to payments to be addressed:

      

      Massachusetts Mutual Life Insurance
Company

      c/o Babson Capital Management
LLC

      1500 Main Street, Suite
200

      P.O. Box 15189

      Springfield,
Massachusetts  01115-5189

      Attention:  Securities
Custody and Collection Department

      

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  None

       

      Taxpayer
I.D. Number:  04-1590850

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                   
      Name and Address of Purchaser

                 

                MassMutual
      Asia Limited

                c/o
      Babson Capital Management LLC

                1500
      Main Street – Suite 2200

                PO
      Box 15189

                Springfield,
      Massachusetts  01115-5189

                Attention:  Securities
      Investment Division

              	
                              
      Principal Amount of the

                     
      Series 2009-A Notes to be Purchased

                 

                $900,000

                 

              

      

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      With
telephone advice of payment to the Securities Custody and Collection Department
of Babson Capital Management LLC at (413) 226-1803 or (413)
226-1754.

      

      Notices

      

      All
notices related to payments to be addressed:

      

      MassMutual Asia Limited

      c/o Babson Capital Management
LLC

      1500 Main Street, Suite
200

      P.O. Box 15189

      Springfield,
Massachusetts  01115-5189

      Attention:  Securities
Custody and Collection Department

      

      All
corporate action notices to be addressed:

      

      Citigroup Global Securities
Services

      Attention: Corporate Action
Dept

      3800 Citibank Center Tampa

      Building B Floor 3

      Tampa, Florida 33610-9122

      

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  Gerlach &
Co.

       

      Taxpayer
I.D. Number:  N/A

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                      
      Name and Address of Purchaser

                 

                Massachusetts
      Mutual Life Insurance

                   Company

                c/o
      Babson Capital Management LLC

                1500
      Main Street – Suite 2200

                PO
      Box 15189

                Springfield,
      Massachusetts  01115-5189

                Attn:  Securities
      Investment Division

              	
                                
      Principal Amount of the

                     
      Series 2009-A Notes to be Purchased

                 

                $600,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      With
telephone advice of payment to the Securities Custody and Collection Department
of Babson Capital Management LLC at (413) 226-1803 or (413)
226-1754.

      

      Notices

      

      All
notices related to payments to be addressed:

      

      Massachusetts Mutual Life Insurance
Company

      c/o Babson Capital Management
LLC

      1500 Main Street, Suite
200

      P.O. Box 15189

      Springfield,
Massachusetts  01115-5189

      Attention:  Securities
Custody and Collection Department

      

      All other
notices and communications to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  None

       

      Taxpayer
I.D. Number:  04-1590850

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                   
      Name and Address of Purchaser

                 

                American
      Investors Life Insurance

                   Company

                c/o
      Aviva Investors North America, Inc.

                699
      Walnut Street, Suite 1800

                Des
      Moines, Iowa  50309

                Attention:  Private
      Placements

                Facsimile:  (515)
      283-3439

              	
                                
      Principal Amount of the

                     
      Series 2009-A Notes to be Purchased

                 

                $13,000,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      Notices

      

      Preferred
address for all notices related to
payments:  cash@avivainvestors.com

      

      Other
address for all notices related to payments:

      

      American Investors Life Insurance
Company

      c/o Aviva Investors North America,
Inc.

      699 Walnut Street, Suite
1700

      Des Moines,
Iowa  50309

      Attention:  Cash
Management

      

      Preferred
address for all other notices and communications, including financials,
compliance and requests:  privateplacements@avivainvestors.com

      

      Other
address for all other notices and communications, including financials,
compliance and requests, to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  Hare & Co.

       

      Taxpayer
I.D. Number:  48-0696320

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                  
      Name and Address of Purchaser

                 

                Aviva
      Life and Annuity Company

                c/o
      Aviva Investors North America, Inc.

                699
      Walnut Street, Suite 1800

                Des
      Moines, Iowa  50309

                Attn:  Private
      Placements

                Facsimile:  (515)
      283-3439

              	
                                
      Principal Amount of the

                     
      Series 2009-A Notes to be Purchased

                 

                $7,000,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      Notices

      

      Preferred
address for all notices related to
payments:  cash@avivainvestors.com

      

      Other
address for all notices related to payments:

      

      Aviva Life and Annuity
Company

      c/o Aviva Investors North America,
Inc.

      699 Walnut Street, Suite
1700

      Des Moines,
Iowa  50309

      Attention:  Cash
Management

      

      Preferred
address for all other notices and communications, including financials,
compliance and requests:  privateplacements@avivainvestors.com

      

      Other
address for all other notices and communications, including financials,
compliance and requests, to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  Hare & Co.

       

      Taxpayer
I.D. Number:  42-0175020

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                    
      Name and Address of Purchaser

                 

                Bankers
      Life and Casualty Company

                c/o
      40|86 Advisors, Inc.

                535
      N. College Drive

                Carmel,
      Indiana 46032

                Attention:  John
      K. Nasser

                Telephone:  (317)
      817-6069

                Facsimile:   (317)
      817-2589

              	
                              
         Principal Amount of the

                      
      Series 2009-A Notes to be Purchased

                 

                $12,000,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      Notices

      

      All
notices and communications, including notices with respect to payments and
prepayments, to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  Hare & Co.

       

      Taxpayer
I.D. Number:  36-0770740

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                  
      Name and Address of Purchaser

                 

                Conseco
      Life  Insurance Company

                c/o
      40|86 Advisors, Inc.

                535
      N. College Drive

                Carmel,
      Indiana 46032

                Attention:  John
      K. Nasser

                Telephone:  (317)
      817-6069

                Facsimile:   (317)
      817-2589

              	
                                
      Principal Amount of the

                     
      Series 2009-A Notes to be Purchased

                 

                $4,500,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      Notices

      

      All
notices and communications, including notices with respect to payments and
prepayments, to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  Hare & Co.

       

      Taxpayer
I.D. Number:  04-2299444

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                     
      Name and Address of Purchaser

                 

                Conseco
      Health  Insurance Company

                c/o
      40|86 Advisors, Inc.

                535
      N. College Drive

                Carmel,
      Indiana 46032

                Attention:  John
      K. Nasser

                Telephone:  (317)
      817-6069

                Facsimile:   (317)
      817-2589

              	
                                
      Principal Amount of the

                     
      Series 2009-A Notes to be Purchased

                 

                $2,500,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      Notices

      

      All
notices and communications, including notices with respect to payments and
prepayments, to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  Hare & Co.

       

      Taxpayer
I.D. Number:  34-1083130

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                       
      Name and Address of Purchaser

                 

                Colonial
      Penn Life Insurance Company

                c/o
      40|86 Advisors, Inc.

                535
      N. College Drive

                Carmel,
      Indiana 46032

                Attention:  John
      K. Nasser

                Telephone:  (317)
      817-6069

                Facsimile:   (317)
      817-2589

              	
                                
      Principal Amount of the

                     
      Series 2009-A Notes to be Purchased

                 

                $1,000,000

                 

              

      

       

      Payments

      

      All
payments on or in respect of the Notes to be by bank wire transfer of federal or
other immediately available funds (identifying each payment as “Mettler-Toledo
International Inc., and as to interest rate, security description, maturity
date, PPN, principal, premium or interest”) to:

      

      [Intentionally omitted]

      

      Notices

      

      All
notices and communications, including notices with respect to payments and
prepayments, to be addressed as first provided above.

       

      Name of
Nominee in which Notes are to be issued:  Hare & Co.

       

      Taxpayer
I.D. Number:  23-1628836

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      

      

      Defined
Terms

       

      As used
herein, the following terms have the respective meanings set forth below or set
forth in the Section hereof following such term:

       

      “Acquisition” shall mean any
transaction or series of related transactions for the purpose of or resulting,
directly or indirectly, in (a) the acquisition of all or substantially all of
the assets of a Person, or of any business or division of a Person, (b) the
acquisition of in excess of 50% of the Capital Stock of any Person, or otherwise
causing any Person to become a Subsidiary or (c) a merger or consolidation or
any other combination with another Person.

       

      “Additional Notes” is defined
in Section 2.2(b).

       

      “Additional Purchasers” shall
mean purchasers of Additional Notes.

       

      “Affiliate” shall mean, at
any time, and with respect to any Person, any other Person that at such time
directly or indirectly through one or more intermediaries Controls, or is
Controlled by, or is under common Control with, the specified
Person  As used in this definition, “Control” means the
possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through the
ownership of voting Securities, by contract or otherwise.  Unless the
context otherwise clearly requires, any reference to an “Affiliate” is a reference to
an Affiliate of the Company.

       

      “Aggregate Material
Subsidiaries” shall mean, at any time, Immaterial Subsidiaries which,
together with all other Immaterial Subsidiaries of such Immaterial Subsidiaries,
account for more than (a) 10% of the consolidated tangible assets of the
Company and its Subsidiaries determined as of the last day of the fiscal quarter
most recently ended for which the Company has delivered financial statements
pursuant to Section 7.1 or (b) 10% of consolidated revenue of the Company
and its Subsidiaries for the four consecutive fiscal quarters most recently
ended for which the Company has delivered financial statements pursuant to
Section 7.1.  For purposes of the calculations to be made pursuant to
the preceding sentence, (1) any Immaterial Subsidiary having negative tangible
assets on any date shall be deemed to have tangible assets of $0 on such date
and (2) any Immaterial Subsidiary having negative revenues for any relevant
period shall be deemed to have revenues of $0 for such period.

       

      “Agreement” is defined in the
first paragraph of this Agreement.

       

      “Anti-Terrorism Order” shall
mean Executive Order No. 13,224 of September 24, 2001, Blocking Property
and Prohibiting Transactions with Persons Who Commit, Threaten to Commit or
Support Terrorism, 66 U.S. Fed. Reg. 49, 079 (2001), as amended.

       

      “Attributable Indebtedness”
shall mean, on any date, (a) in respect of any Capitalized Lease of any Person,
the capitalized amount thereof that would appear on a balance sheet of such
Person prepared as of such date in accordance with GAAP, and (b) in respect of
any Off-Balance Sheet Obligation, the amount that would appear on a balance
sheet of such Person prepared as of such date in accordance with GAAP if such
obligation were accounted for as an obligation of the Company.

       

      
        “Bank Credit Agreement” shall mean the Credit
Agreement dated as of August 15, 2008 by and among the Company, as Guarantor and
Revolving Borrower, Mettler-Toledo Holding AG, Mettler-Toledo Management Holding
Deutschland Gmbh, Mettler-Toledo B.V., and MT Investment C.V., as Revolving
Borrowers, certain Subsidiaries parties thereto, as Subsidiary Swingline
Borrowers, JPMorgan Chase Bank, N.A., as Administrative Agent and L/C Issuer for
the Revolving Borrowers, Bank of America, N.A., and the Bank of Tokyo-Mitsubishi
UFJ, Ltd., as Co-syndication Agents, ING Bank N.V., Dublin Branch and Société
Generale, as Co-Documentation Agents, and the Lenders, Other L/C Issuers and
Swingline Lenders, as amended, restated, joined, supplemented or otherwise
modified from time to time, and any renewals, extensions or replacements
thereof, which constitute the primary bank credit facility of the Company and
its Subsidiaries.

      

       

      “Business Day” shall mean (a)
for the purposes of Section 8.8 only, any day other than a Saturday, a Sunday or
a day on which commercial banks in New York, New York are required or authorized
to be closed, and (b) for the purposes of any other provision of this Agreement,
any day other than a Saturday, a Sunday or a day on which commercial banks in
New York, New York or Columbus, Ohio are required or authorized to be
closed.

       

      “Capital Stock” shall mean
(a) in the case of a corporation, capital stock, (b) in the case of an
association or business entity, any and all shares, interests, participations,
rights or other equivalents (however designated), (c) in the case of a
partnership, partnership interests (whether general or limited), (d) in the case
of a limited liability company, membership interests, (e) 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 and (f)
all rights to purchase warrants, options and other Securities exercisable for,
exchangeable for or convertible into any of the foregoing.

       

      “Capitalized Lease” shall
mean, as applied to any Person, any lease of any property (whether real,
personal or mixed) by that Person as lessee which in accordance with GAAP, is or
should be accounted for, as a capital lease on the balance sheet of such
Person.

       

      “Change in Control” is
defined in Section 8.7(h).

       

      “Change in Control Proposed
Prepayment Date” is defined in Section 8.7(c).

       

      “Closing Date” is defined in
Section 3.

       

      “Code” means the Internal
Revenue Code of 1986, as amended from time to time, and the rules and
regulations promulgated thereunder from time to time.

       

      ”Company” is defined in the
first paragraph of this Agreement and includes any Successor
Entity.

       

      “Confidential Information” is
defined in Section 20.

       

      “Consolidated EBITDA” shall
mean, for any period, for the Company and its Restricted Subsidiaries determined
on a consolidated basis, an amount equal to Consolidated Net Income for such
period, plus the
following to the extent deducted in calculating such Consolidated Net
Income:

       

      (a)           Consolidated
Interest Charges for such period;

       

      (b)           the
provision for federal, state, local and foreign income and capital taxes for
such period;

       

      (c)           the
amount of depreciation and amortization expense deducted in determining such
Consolidated Net Income;

       

      (d)           other
non-cash items of expenses or non-cash extraordinary losses deducted in
determining such Consolidated Net Income (excluding any such non-cash expense to
the extent that it represents amortization of a prepaid cash expense that was
paid in a prior period or an accrual of, or a reserve for, cash charges or
expenses in any future period); and

       

      (e)           other
cash non-recurring items of expense or cash extraordinary losses deducted in
determining such Consolidated Net Income, provided that for any such
period, the aggregate amount of cash non-recurring items of expense or cash
extraordinary losses referred to in this clause (e) shall not constitute more
than 10% of Consolidated EBITDA for such period;

       

      minus, to the extent included
in calculating such Consolidated Net Income, non-cash extraordinary
gains.

      

      For
purposes of determining the Consolidated Leverage Ratio, Consolidated EBITDA
shall be calculated to give pro forma effect to any Acquisition, Disposition of
assets or discontinuance of operations occurring during any period for which it
is being measured by giving pro forma effect to such Acquisition, Disposition of
assets or discontinuance of operations as if it had occurred at the beginning of
such period, which pro forma calculation shall be made in accordance with GAAP,
but shall not take into account any projected synergies or similar benefits
expected to be realized as a result of such event.

       

      “Consolidated Funded
Indebtedness” shall mean, as of any date of determination, for the
Company and its Restricted Subsidiaries on a consolidated basis, as of any date
of determination, without duplication, the sum of (a) the outstanding principal
amount of all obligations, whether current or long-term, for borrowed money
(including the Notes) and all obligations evidenced by bonds, debentures, notes,
loan agreements or other similar instruments, (b) all purchase money
Indebtedness (except as provided in clause (d) below), (c) all direct or
contingent obligations arising under letters of credit (including standby and
commercial), bankers’ acceptances, bank guaranties, surety bonds and similar
instruments, (d) all obligations in respect of the deferred purchase price of
property or services (other than trade accounts payable in the ordinary course
of business and, except those being contested, in good faith, not past due more
than 60 days after the due date on which each such trade payable or account
payable was created), (e) Attributable Indebtedness in respect of Capitalized
Leases and Off-Balance Sheet Obligations, (f) without duplication, all
Guarantees with respect to outstanding Indebtedness of the types specified in
clauses (a) through (e) and (g) all Indebtedness of the types referred to in
clauses (a) through (f) above of any partnership or joint venture (other than a
joint venture that is itself a corporation or limited liability company) in
which the Company or a Restricted Subsidiary is a general partner or joint
venturer, unless such Indebtedness is expressly made non-recourse to the Company
or such Restricted Subsidiary.  For purposes of determining
Consolidated Funded Indebtedness, all non-Dollar borrowings will be converted to
Dollars at the time of determination.

       

      “Consolidated Interest
Charges” shall mean, for any period, for the Company and its Restricted
Subsidiaries determined on a consolidated basis, the sum of all interest,
premium payments, debt discount, fees, charges and related expenses in
connection with borrowed money (including capitalized interest), in each case to
the extent treated as interest expense in accordance with GAAP, including the
portion of rent expense with respect to such period under Capitalized Leases
that is treated as interest in accordance with GAAP.

       

      “Consolidated Interest Coverage
Ratio” shall mean, as of any date of determination, the ratio of (a)
Consolidated EBITDA for the four consecutive fiscal quarters most recently ended
on or prior to such date for which the Company has delivered financial
statements pursuant to  Section 7.1 to (b) Consolidated Interest
Charges for such period.

       

      “Consolidated Leverage Ratio”
shall mean, as of any date of determination, the ratio of (a) Consolidated
Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of
four consecutive fiscal quarters most recently ended for which the Company has
delivered financial statements pursuant to Section 7.1.

       

      “Consolidated Net Income”
shall mean, for any period, for the Company and its Restricted Subsidiaries on a
consolidated basis, net income (excluding extraordinary gains but including
extraordinary losses, in either case, whether cash or non-cash) for that
period.

       

      “Consolidated Total Assets”
shall mean, as of any date of determination, an amount equal to the total
assets of the Company and its Restricted Subsidiaries, determined on a
consolidated basis as of the last day of the fiscal quarter most recently ended
for which the Company has delivered financial statements pursuant to Section
7.1.

       

      “Default” shall mean an event
or condition the occurrence or existence of which would, with the lapse of time
or the giving of notice or both, become an Event of Default.

       

      “Default Rate” shall mean (a)
with respect to the Series 2009-A Notes, that rate of interest that is the
greater of (1) 2.00% per annum above the rate of interest stated in clause
(a) of the first paragraph of the Series 2009-A Notes or (2) 2.00% over the
rate of interest publicly announced by Bank of America, N.A. in New York, New
York as its “reference” rate and (b) with respect to the Notes of any Series of
Additional Notes, as set forth in the Supplement pursuant to which such Series
of Notes was issued.

       

      “Disclosure Documents” is
defined in Section 5.3.

       

      “Disposition” or “Dispose” shall mean the
sale, transfer, lease or other disposition (including any sale and leaseback
transaction) of any property by the Company or any Restricted
Subsidiary, including any sale, assignment, transfer or other disposal,
with or without recourse, of any notes or accounts receivable or any rights and
claims associated therewith, and including any sale of Capital Stock in a
Subsidiary or any issuance of Capital Stock by a Restricted
Subsidiary of the Company to a Person other than the Company or another
Wholly-Owned Restricted
Subsidiary of the Company.

       

      “Dollar” and “$” shall mean lawful money
of the United States.

       

      “Domestic Subsidiary” shall
mean any Subsidiary that is not a Foreign Subsidiary.

       

      “Electronic Delivery” is
defined in Section 7.1(a).

       

      “Environmental Laws” shall
mean any and all federal, state, local, and foreign statutes, laws, regulations,
ordinances, rules, judgments, orders, decrees, permits, concessions, grants,
franchises, licenses, agreements or governmental restrictions relating to
pollution and the protection of the environment or the release of any materials
into the environment, including but not limited to those related to Hazardous
Materials.

       

      “ERISA” shall mean the
Employee Retirement Income Security Act of 1974, as amended from time to time,
and the rules and regulations promulgated thereunder from time to time in
effect.

       

      “ERISA Affiliate” shall mean
any trade or business (whether or not incorporated) that is treated as a single
employer together with the Company under Section 414 of the
Code.

       

      “Event of Default” is defined
in Section 11.

       

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

       

      “Excess Priority
Indebtedness” is defined in Section 10.3.

       

      “Fair Market Value” shall
mean, at any time and with respect to any property, the sale value of such
property that would be realized in an arm’s-length sale at such time between an
informed and willing buyer and an informed and willing seller (neither being
under a compulsion to buy or sell), as reasonably determined in the good faith
opinion of the Company’s board of directors.

       

      “Foreign Subsidiary” shall
mean any Subsidiary that is organized under the laws of a jurisdiction other
than the United States, a State thereof or the District of
Columbia.

       

      “GAAP” shall mean those
generally accepted accounting principles as in effect from time to time in the
United States of America.  Notwithstanding the foregoing or anything
else contained in this Agreement or any Supplement, for purposes of determining
compliance with Section 10, Indebtedness shall be measured as it would be
measured under GAAP as it existed prior to the time GAAP permitted Indebtedness
to be measured by reference to fair value, and equity and income accounts shall
not reflect any increases or decreases resulting from or related to a
measurement of Indebtedness different than that permitted by this
definition.

       

      “Governmental Authority”
shall mean

       

      (a) the
government of

       

      (1)   the
United States of America or any State or other political subdivision thereof,
or

       

      (2)   any
other jurisdiction in which the Company or any Subsidiary conducts all or any
part of its business, or which asserts jurisdiction over any properties of the
Company or any Subsidiary, or

       

      (b) any
entity exercising executive, legislative, judicial, regulatory or administrative
functions of, or pertaining to, any such government.

       

      “Guarantee” shall mean, as to
any Person, (a) any obligation, contingent or otherwise, of such Person
guaranteeing or having the economic effect of guaranteeing any Indebtedness or
other obligation payable or performable by another Person (the “primary obligor”) in any
manner, whether directly or indirectly, and including any obligation of such
Person, direct or indirect, (1) to purchase or pay (or advance or supply funds
for the purchase or payment of) such Indebtedness or other obligation, (2) to
purchase or lease property, Securities or services for the purpose of assuring
the obligee in respect of such Indebtedness or other obligation of the payment
or performance of such Indebtedness or other obligation, (3) to maintain working
capital, equity capital or any other financial statement condition or liquidity
or level of income or cash flow of the primary obligor so as to enable the
primary obligor to pay such Indebtedness or other obligation or (4) entered into
for the purpose of assuring in any other manner the obligee in respect of such
Indebtedness or other obligation of the payment or performance thereof or to
protect such obligee against loss in respect thereof (in whole or in part) or
(b) any Lien on any assets of such Person securing any Indebtedness or other
obligation of any other Person, whether or not such Indebtedness or other
obligation is assumed by such Person.  The amount of any Guarantee
shall be deemed to be an amount equal to the stated or determinable amount of
the related primary obligation, or portion thereof, in respect of which such
Guarantee is made or, if not stated or determinable, the maximum reasonably
anticipated liability in respect thereof as determined by the guaranteeing
Person in good faith.  The term “Guarantee” as a verb has a
corresponding meaning.

       

      “Hazardous Material” shall
mean any and all pollutants, toxic or hazardous wastes or other substances that
might pose a hazard to health and safety, the removal of which may be required
or the generation, manufacture, refining, production, processing, treatment,
storage, handling, transportation, transfer, use, disposal, release, discharge,
spillage, seepage or filtration of which is or shall be restricted, prohibited
or penalized by any applicable law including, but not limited to, asbestos, urea
formaldehyde foam insulation, polychlorinated biphenyls, petroleum, petroleum
products, lead based paint, radon gas or similar restricted, prohibited or
penalized substances.

       

      “holder” shall mean, with
respect to any Note, the Person in whose name such Note is registered in the
register maintained by the Company pursuant to Section 13.1.

       

      “Immaterial Subsidiary” shall
mean, at any time, any Restricted Subsidiary of the Company that is not on such
date a Material Subsidiary.

       

      “INHAM Exemption” is defined
in Section 6.3(e).

       

      “Indebtedness” shall mean, as
to any Person at a particular time, without duplication, all of the following,
whether or not included as indebtedness or liabilities in accordance with
GAAP:

       

      (a) all
obligations of such Person for borrowed money and all obligations of such Person
evidenced by bonds, debentures, notes, loan agreements or other similar
instruments;

       

      (b) all
direct or contingent obligations of such Person arising under letters of credit
(including standby and commercial), bankers’ acceptances, bank guaranties,
surety bonds and similar instruments;

       

      (c) net
obligations of such Person under any Swap Contract;

       

      (d) all
obligations of such Person to pay the deferred purchase price of property or
services (other than trade accounts payable in the ordinary course of
business);

       

      (e) indebtedness
(excluding prepaid interest thereon) secured by a Lien on property owned or
being purchased by such Person (including indebtedness arising under conditional
sales or other title retention agreements), whether or not such indebtedness
shall have been assumed by such Person or is limited in recourse;

       

      (f) Capitalized
Leases and Off-Balance Sheet Obligations; and

       

      (g) all
Guarantees of such Person in respect of any of the foregoing.

       

      For all
purposes hereof, the Indebtedness of any Person shall include the Indebtedness
of any partnership or joint venture (other than a joint venture that is itself a
corporation or limited liability company) in which such Person is a general
partner or a joint venturer, unless such Indebtedness is expressly made
non-recourse to such Person.  The amount of any net obligation under
any Swap Contract on any date shall be deemed to be the Swap Termination Value
thereof as of such date.  The amount of any Capitalized Lease or
Off-Balance Sheet Obligation as of any date shall be deemed to be the amount of
Attributable Indebtedness in respect thereof as of such date.

       

      “Institutional Investor”
shall mean (a) any Purchaser of a Note, (b) any holder of a Note
holding (together with one or more of its affiliates) more than $2,000,000 of
the aggregate principal amount of the Notes then outstanding, (c) any bank,
trust company, savings and loan association or other financial institution, any
pension plan, any investment company, any insurance company, any broker or
dealer, or any other similar financial institution or entity, regardless of
legal form and (d) any Related Fund of any holder of any Note.

       

      “Inventory” shall have the
meaning ascribed to such term under GAAP.

       

      “Lien” shall mean, with
respect to any Person, any mortgage, lien, pledge, charge, security interest or
other encumbrance, or any interest or title of any vendor, lessor, lender or
other secured party to or of such Person under any conditional sale or other
title retention agreement or Capitalized Lease, upon or with respect to any
property or asset of such Person (including, in the case of stock, stockholder
agreements, voting trust agreements and all similar arrangements).

       

      “Make-Whole Amount” shall
have the meaning (a) set forth in Section 8.8 with respect to the Series
2009-A Notes and (b) set forth in the applicable Supplement with respect to any
other Series or tranche of Additional Notes.

       

      “Material” shall mean material
in relation to the business, operations, affairs, financial condition, assets or
properties of the Company and its Restricted Subsidiaries, taken as a
whole.

       

      “Material Adverse Effect”
shall mean a material adverse change in, or material adverse effect on
(a) the business, operations, affairs, financial condition, assets or
properties of the Company and its Restricted Subsidiaries, taken as a whole, or
(b) the validity or enforceability of this Agreement, any Subsidiary
Guaranty or the Notes.

       

      “Material Subsidiary” shall
mean, at any time, (a) each Subsidiary Guarantor and (b) each other
Restricted Subsidiary which, together with all other Restricted Subsidiaries of
such Restricted Subsidiary, accounts for more than (a) 10% of the
consolidated tangible assets of the Company and its Subsidiaries determined as
of the last day of the fiscal quarter most recently ended for which the Company
has delivered financial statements pursuant to Section 7.1 or (b) 10% of
consolidated revenue of the Company and its Subsidiaries for the four
consecutive fiscal quarters most recently ended for which the Company has
delivered financial statements pursuant to Section 7.1.

       

      “Multiemployer Plan” shall
mean any Plan that is a “multiemployer plan” (as such term is defined in
Section 4001(a)(3) of ERISA).

       

      “NAIC Annual Statement” is
defined in Section 6.3(a).

       

      “Notes” is defined in
Section 1.

       

      “Off-Balance Sheet
Obligation” shall mean (for the avoidance of doubt, excluding operating
leases) the monetary obligation of a Person under (a) a so-called synthetic,
off-balance sheet or tax retention lease, (b) an agreement for the use or
possession of property creating obligations that do not appear on the balance
sheet of such Person but which, upon the insolvency or bankruptcy of such
Person, would be characterized as the Indebtedness of such Person (without
regard to accounting treatment) or (c) an agreement for the sale of receivables
or like assets creating obligations that do not appear on the balance sheet of
such Person but which, upon the insolvency or bankruptcy of such Person, could
be characterized as Indebtedness of such Person (without regard to accounting
treatment).

       

      “Officer’s Certificate” shall
mean a certificate of a Senior Financial Officer or of any other officer of the
Company whose responsibilities extend to the subject matter of such
certificate.

       

      “PBGC” shall mean the Pension
Benefit Guaranty Corporation referred to and defined in ERISA or any successor
thereto.

       

      “Pension Plan” shall mean any
Plan that is subject to Title IV of ERISA.

       

      “Person” shall mean an
individual, partnership, corporation, limited liability company, association,
trust, unincorporated organization, business entity or Governmental
Authority.

       

      “Plan” shall mean an
“employee benefit plan” (as defined in Section 3(3) of ERISA) subject to
Title I of ERISA that is or, within the preceding five years, has been
established or maintained, or to which contributions are or, within the
preceding five years, have been made or required to be made, by the Company or
any ERISA Affiliate or with respect to which the Company or any ERISA Affiliate
may have any liability.

       

      “Priority Indebtedness” shall
mean (without duplication), as of the date of any determination thereof, the sum
of (a) all unsecured Indebtedness of Restricted Subsidiaries (including all
Guaranties of Indebtedness of the Company) but excluding (1) unsecured
Indebtedness owing to the Company or a Wholly-Owned Restricted Subsidiary,
(2) unsecured Indebtedness outstanding at the time such Person became a
Restricted Subsidiary (other than an Unrestricted Subsidiary which is designated
as a Restricted Subsidiary pursuant to Section 9.8), provided that such
Indebtedness shall have not been incurred in contemplation of such Person
becoming a Restricted Subsidiary and (3) all Guaranties of Indebtedness of
the Company under the Bank Credit Agreement by any Restricted Subsidiary which
has also guaranteed the Notes pursuant to a Subsidiary Guaranty and (b) all
Indebtedness of the Company and its Restricted Subsidiaries secured by Liens
other than Indebtedness secured by Liens permitted by subparagraphs (a)
through (q), inclusive, of Section 10.4.

       

      “property” or “properties”
shall mean, unless otherwise specifically limited, real or personal property of
any kind, tangible or intangible, choate or inchoate.

       

      “PTE” is defined in Section
6.3(a).

       

      “Purchasers” is defined in the
first paragraph of this Agreement.

       

      “QPAM Exemption” is defined
in Section 6.3(d).

       

      “Qualified Institutional
Buyer” shall mean any Person who is a “qualified institutional buyer”
within the meaning of such term as set forth in Rule 144(a)(1) under the
Securities Act.

       

      “Ratable Portion” for any
Note shall mean an amount equal to the product of (a) the net proceeds from
a sale of assets being applied to the payment or prepayment of Indebtedness
pursuant to Section 10.5(b) multiplied by (b) a fraction, the numerator of
which is the aggregate outstanding principal amount of such Note and the
denominator of which is the aggregate outstanding principal amount of all Senior
Indebtedness.

       

      “Related Fund” shall mean,
with respect to any holder of any Note, any fund or entity that (a) invests in
Securities or bank loans and (b) is advised or managed by such holder, the same
investment advisor as such holder or by an affiliate of such holder or such
investment advisor.

       

      “Repatriation Transaction”
shall mean a transaction entered into by a Foreign Subsidiary for the primary
purpose of transferring funds theretofore held by such Foreign Subsidiary
outside the United States to the Company or a Wholly-Owned Restricted Subsidiary
within the United States.

       

      “Required Holders” shall
mean, at any time, the holders of more than 50% in principal amount of the Notes
at the time outstanding (exclusive of Notes then owned by the Company or any of
its Affiliates).

       

      “Responsible Officer” shall
mean any Senior Financial Officer and any other officer of the Company with
responsibility for the administration of the relevant portion of this
Agreement.

       

      “Restricted Payment” shall
mean any dividend or other distribution (whether in cash or other tangible
property) with respect to any Capital Stock of any Person or any payment
(whether in cash or other tangible property), including any redemption,
retirement, acquisition, cancellation or termination of any such Capital Stock
or of any option, warrant or other right to acquire any such Capital
Stock.

       

      “Restricted Subsidiary” shall
mean (a) any Subsidiary that is a Subsidiary Guarantor and (b) any other
Subsidiary (1) in which at least a majority of the voting securities are owned
by the Company and/or one or more Wholly-Owned Restricted Subsidiaries and (2)
which the Company has not designated as an Unrestricted Subsidiary on the
Closing Date or by notice in writing given to the holders of Notes in accordance
with the provisions of Section 9.8.

       

      “Sale of Assets Prepayment
Date” is defined in Section 8.6(a).

       

      “Sale of Assets Prepayment
Event” is defined in Section 8.6(a).

       

      “Sarbanes-Oxley” shall mean
the Sarbanes-Oxley Act of 2002, as amended from time to time.

       

      “SEC” shall mean the
Securities and Exchange Commission of the United States, or any successor
thereto.

       

      “Securities” or “Security”
shall have the meaning specified in Section 2(1) of the Securities
Act.

       

      “Securities Act” shall mean
the Securities Act of 1933, as amended from time to time, and the rules and
regulations promulgated thereunder from time to time in effect.

       

      “Senior Financial Officer”
shall mean the chief financial officer, principal accounting officer, treasurer,
assistant treasurer or comptroller of the Company.

       

      “Senior Indebtedness” shall
mean, as of any date of determination thereof, all Indebtedness of the Company
or a Subsidiary Guarantor other than Subordinated Indebtedness.

       

      “Series” shall mean any
series of Notes issued pursuant to this Agreement or any
Supplement.

       

      “Series 2009-A Notes” is
defined in Section 1.

       

      “Source” is defined in
Section 6.3.

       

      “Subordinated Indebtedness”
shall mean all unsecured Indebtedness of the Company or a Subsidiary Guarantor
which shall contain or have applicable thereto subordination provisions
providing for the subordination thereof to other Indebtedness of the Company or
such Subsidiary Guarantor.

       

      “Subsidiary” shall mean, as
to any Person, any other Person in which such first Person or one or more of its
Subsidiaries or such first Person and one or more of its Subsidiaries owns
sufficient equity or voting interests to enable it or them (as a group)
ordinarily, in the absence of contingencies, to elect a majority of the
directors (or Persons performing similar functions) of such second Person, and
any partnership or joint venture if more than a 50% interest in the profits or
capital thereof is owned by such first Person or one or more of its Subsidiaries
or such first Person and one or more of its Subsidiaries (unless such
partnership or joint venture can and does ordinarily take major business actions
without the prior approval of such Person or one or more of its
Subsidiaries).  Unless the context otherwise clearly requires, any
reference to a “Subsidiary” is a reference to a Subsidiary of the
Company.

       

      “Subsidiary Guarantor” shall
mean each Subsidiary which is party to a Subsidiary Guaranty.

       

      “Subsidiary Guaranty” shall
mean a subsidiary guaranty agreement in form and substance satisfactory to the
Required Holders.

       

      “Successor Entity” is defined
in Section 10.6(b)(1).

       

      “Supplement” is defined in
Section 2.2(a).

       

      “SVO” shall mean the
Securities Valuation Office of the National Association of Insurance
Commissioners or any successor to such Office.

       

      “Swap Contract” shall mean
(a) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options,
forward commodity contracts, equity or equity index swaps or options, bond or
bond price or bond index swaps or options or forward bond or forward bond price
or forward bond index transactions, interest rate options, forward foreign
exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions,
currency options, spot contracts, or any other similar transactions or any
combination of any of the foregoing (including any options to enter into any of
the foregoing), whether or not any such transaction is governed by or subject to
any master agreement and (b) any and all transactions of any kind, and the
related confirmations, which are subject to the terms and conditions of, or
governed by, any form of master agreement published by the International Swaps
and Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other master agreement (any such master agreement, together
with any related schedules, a “Master Agreement”),
including any such obligations or liabilities under any Master
Agreement.

       

      “Swap Termination Value”
shall mean, in respect of any one or more Swap Contracts, after taking into
account the effect of any legally enforceable netting agreement relating to such
Swap Contracts, (a) for any date on or after the date such Swap Contracts have
been closed out and termination value(s) determined in accordance therewith,
such termination value(s) and (b) for any date prior to the date referenced in
clause (a), the amount(s) determined as the mark-to market value(s) for such
Swap Contracts, as determined based upon one or more mid-market or other readily
available quotations provided by any recognized dealer in such Swap
Contracts.

       

      “tranche” shall mean all
Notes of a Series having the same maturity, interest rate and schedule for
mandatory prepayments.

       

      “Unapplied Proceeds” is
define in Section 10.5(b).

       

      “Unrestricted Subsidiary”
shall mean any Subsidiary so designated by the Company on the Closing Date or by
notice in writing given to the holders of Notes in accordance with the
provisions of Section 9.8.

       

      “USA Patriot Act” shall mean
United States Public Law 107-56, Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT)
Act of 2001, as amended from time to time, and the rules and regulations
promulgated thereunder from time to time in effect.

       

      “Wholly-Owned Restricted
Subsidiary” shall mean,
at any time, any Restricted Subsidiary one hundred percent of all of the equity
interests (except directors’ qualifying shares and participation certificates
held by Mettler-Toledo Pensionkasse) and voting interests of which are owned by
any one or more of the Company and the Company’s other Wholly-Owned Restricted
Subsidiaries at such time.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Disclosure
Materials

       

      
        
          	
                  (1)

                	
                  Annual
      report for the Company on Form 10-K for the year ending December 31, 2008,
      filed on February 13, 2009

                
	 
      	 
      
	
                  (2)

                	
                  Quarterly
      report for the Company on Form 10-Q for the quarterly period ending March
      31, 2009, filed on May 1, 2009

                
	 
      	 
      
	
                  (3)

                	
                  Current
      report for the Company on Form 8-K for the year 2009, filed on May 13,
      2009

                
	 
      	 
      
	
                  (4)

                	
                  Current
      report for the Company on Form 8-K for the year 2009, filed on May 6,
      2009

                
	 
      	 
      
	
                  (5)

                	
                  Current
      report for the Company on Form 8-K for the year 2009, filed on April 30,
      2009

                
	 
      	 
      
	
                  (6)

                	
                  Current
      report for the Company on Form 8-K for the year 2009, filed on February 6,
      2009

                
	 
      	 
      
	
                  (7)

                	
                  Current
      report for the Company on Form 8-K for the year 2009, filed on February 5,
      2009

                
	 
      	 
      
	
                  (8)

                	
                  Proxy
      statement for the Company on Form DEF 14-A filed on March 13,
      2009

                

        

      

      
        
          	 
      	 
      
	
                  (9)

                	
                  Current
      report for the Company on Form 8-K for the year 2009, filed on May 22,
      2009

                

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Subsidiaries
of the Company, Ownership of Subsidiary Stock

       

      

      
        
          
            	
                     

                    Subsidiary

                  	
                    Jurisdiction
      of Incorporation

                  	
                    Type
      of Subsidiary;

                    Stockholder
      if Material Subsidiary

                  
	
                    Mettler-Toledo
      Limited

                  	
                    Australia

                  	
                    Restricted
      Subsidiary

                  
	
                    Ohaus
      Australia Pty. Ltd.

                  	
                    Australia

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Ges.m.b.H.

                  	
                    Austria

                  	
                    Restricted
      Subsidiary

                  
	
                    N.V.
      Mettler-Toledo

                  	
                    Belgium

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Finance Ltd.

                  	
                    Bermuda

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Indústria e Comércio Ltda.

                  	
                    Brazil

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Inc.

                  	
                    Canada

                  	
                    Restricted
      Subsidiary

                  
	
                    Panzhihua
      Toledo Electronic Scale Ltd. (Panzhihua)

                  	
                    China

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (Xinjiang ) Electronic Scale Ltd.

                  	
                    China

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (Changzhou) Precision Instruments Ltd.

                  	
                    China

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (Changzhou) Scale & System Ltd.

                  	
                    China

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (Changzhou) Measurement Technology Ltd.

                  	
                    China

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Instruments (Shanghai) Co., Ltd.

                  	
                    China

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      International Trading (Shanghai) Co., Ltd.

                  	
                    China

                  	
                    Restricted
      Subsidiary

                  
	
                    Ohaus
      International Trading (Shanghai) Co., Ltd.

                  	
                    China

                  	
                    Restricted
      Subsidiary

                  
	
                    Ohaus
      Instruments (Shanghai) Co. Ltd.

                  	
                    China

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      d.o.o.

                  	
                    Croatia

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      spol. s.r.o.

                  	
                    Czech
      Republic

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      A/S

                  	
                    Denmark

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Flexilab SAS

                  	
                    France

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Holding (France) SAS

                  	
                    France

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      SAS

                  	
                    France

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Analyse Industrielle SAS

                  	
                    France

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (Albstadt) GmbH

                  	
                    Germany

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Management Holding Deutschland GmbH

                  	
                    Germany

                  	
                    Material
      Subsidiary -- 100% Mettler-Toledo Holding AG

                  
	
                    Mesoma
      Verwaltungs GmbH

                  	
                    Germany

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Garvens GmbH

                  	
                    Germany

                  	
                    Restricted
      Subsidiary

                  
	
                    Mesoma
      Verwaltungs GmbH

                  	
                    Germany

                  	
                    Restricted
      Subsidiary

                  
	
                    Getmore
      Ges. für Marketing & Media Service mbH

                  	
                    Germany

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      GmbH

                  	
                    Germany

                  	
                    Material
      Subsidiary -- 100% Mettler-Toledo Management Holding Deutschland
      GmbH

                  
	
                    Mettler-Toledo
      (Gibraltar) MTCS Holding Ltd.

                  	
                    Gibraltar

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (Gibraltar) MTCN Holding Ltd.

                  	
                    Gibraltar

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (Gibraltar) MTCZ Holding Ltd.

                  	
                    Gibraltar

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (Gibraltar) Company Ltd.

                  	
                    Gibraltar

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (HK) Ltd.

                  	
                    Hong
      Kong

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (HK) Holding Ltd.

                  	
                    Hong
      Kong

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (HK) MTCN Ltd.

                  	
                    Hong
      Kong

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (HK) MTCS Ltd.

                  	
                    Hong
      Kong

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (HK) MTCZ Ltd.

                  	
                    Hong
      Kong

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Kereskedelmi Kft.

                  	
                    Hungary

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      India Private Limited

                  	
                    India

                  	
                    Restricted
      Subsidiary

                  
	
                    Ohaus
      India Private Limited

                  	
                    India

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      S.p.A.

                  	
                    Italy

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      K.K.

                  	
                    Japan

                  	
                    Restricted
      Subsidiary

                  
	
                    Rainin
      Instrument LLC, Japan Branch

                  	
                    Japan

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Central Asia (Branch of MTIAG)

                  	
                    Kazakhstan

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Kazakhstan

                  	
                    Kazakhstan

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (Korea) Ltd.

                  	
                    Korea

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (M) Sdn. Bhd.

                  	
                    Malaysia

                  	
                    Restricted
      Subsidiary

                  
	
                    Ohaus
      (SEA) Sdn. Bhd.

                  	
                    Malaysia

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      S.A. de C.V.

                  	
                    Mexico

                  	
                    Restricted
      Subsidiary

                  
	
                    Ohaus
      de México S.A. de C.V.

                  	
                    Mexico

                  	
                    Restricted
      Subsidiary

                  
	
                    Gelan
      Detectiesystemen B.V.

                  	
                    Netherlands

                  	
                    Restricted
      Subsidiary

                  
	
                    Gelan
      Holding B.V.

                  	
                    Netherlands

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      B.V.

                  	
                    Netherlands

                  	
                    Material
      Subsidiary -- 100% Mettler-Toledo Netherlands Investment II,
      LLC

                  
	
                    Mettler-Toledo
      Product Inspection B.V.

                  	
                    Netherlands

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Cargoscan AS

                  	
                    Norway

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      A/S

                  	
                    Norway

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Sp.z.o.o.

                  	
                    Poland

                  	
                    Restricted
      Subsidiary

                  
	
                    ZAO
      Mettler-Toledo Vostok

                  	
                    Russian
      Federation

                  	
                    Restricted
      Subsidiary

                  
	
                    Representation
      Office (Part of MTG)

                  	
                    Russian
      Federation

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (S) Pte. Ltd.

                  	
                    Singapore

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      s.r.o.

                  	
                    Slovak
      Republic

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      d.o.o.

                  	
                    Slovenia

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      S.A.E.

                  	
                    Spain

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      AB

                  	
                    Sweden

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (Schweiz) GmbH

                  	
                    Switzerland

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      AG

                  	
                    Switzerland

                  	
                    Material
      Subsidiary --

                    Shareholders:

                    65.3%
      Mettler-Toledo Holding AG, 6.3% Mettler-Toledo (Gibraltar) MTCS Holding
      Ltd., 16.7% Mettler-Toledo (Gibraltar) MTCN Holding Ltd., 11.7%
      Mettler-Toledo (Gibraltar) MTCZ Holding Ltd.

                    Holder of Participation
      Certificates:

                    Mettler-Toledo
      Pensionskasse owns 100% of the participation certificates issued by
      Mettler-Toledo AG

                  
	
                    Mettler-Toledo
      Holding AG

                  	
                    Switzerland

                  	
                    Material
      Subsidiary -- 90% Mettler-Toledo B.V., 10% Mettler-Toledo,
      Inc.

                  
	
                    Mettler-Toledo
      Instrumente AG

                  	
                    Switzerland

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      International Inc., Greifensee Branch

                  	
                    Switzerland

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Logistik GmbH

                  	
                    Switzerland

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Logistik International GmbH

                  	
                    Switzerland

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Pac Rim AG

                  	
                    Switzerland

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      OnLine GmbH

                  	
                    Switzerland

                  	
                    Restricted
      Subsidiary

                  
	
                    Microwa
      AG

                  	
                    Switzerland

                  	
                    Restricted
      Subsidiary

                  
	
                    Ohaus
      Europe GmbH

                  	
                    Switzerland

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Pac Rim AG, Taiwan Branch

                  	
                    Taiwan

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      (Thailand) Ltd.

                  	
                    Thailand

                  	
                    Restricted
      Subsidiary

                  
	
                    Ohaus
      Indochina Limited

                  	
                    Thailand

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Ukraina

                  	
                    Ukraine

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Safeline X-Ray Limited

                  	
                    United
      Kingdom

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      UK Holdings Limited

                  	
                    United
      Kingdom

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Safeline Limited

                  	
                    United
      Kingdom

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Ltd.

                  	
                    United
      Kingdom

                  	
                    Restricted
      Subsidiary

                  
	
                    Ohaus
      UK Ltd.

                  	
                    United
      Kingdom

                  	
                    Restricted
      Subsidiary

                  
	
                    Ohaus
      Corporation [New Jersey]

                  	
                    United
      States

                  	
                    Restricted
      Subsidiary

                  
	
                    Rainin
      Instrument, LLC [Delaware]

                  	
                    United
      States

                  	
                    Material
      Subsidiary -- 100% Mettler-Toledo, Inc.

                  
	
                    Mettler-Toledo,
      Inc. [Delaware]

                  	
                    United
      States

                  	
                    Material
      Subsidiary -- 100% Mettler-Toledo International Inc.

                  
	
                    Mettler-Toledo
      Northwest LLC [Delaware]

                  	
                    United
      States

                  	
                    Restricted
      Subsidiary

                  
	
                    SofTechnics,
      Inc. [Texas]

                  	
                    United
      States

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Ingold, Inc. [Massachusetts]

                  	
                    United
      States

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      Thornton, Inc. [Massachusetts]

                  	
                    United
      States

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      AutoChem, Inc. [Delaware]

                  	
                    United
      States

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      International Inc., Wilmington, Delaware

                  	
                    United
      States

                  	
                    Restricted
      Subsidiary

                  
	
                    Mettler-Toledo
      International Finance, Inc. [Delaware]

                  	
                    United
      States

                  	
                    Restricted
      Subsidiary

                  

          

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Financial
Statements

       

      
        	
                (1)  

              	
                Financial
      statements contained in the Company’s Annual Report on Form 10-K for the
      year ending December 31, 2008.

              

      

      
        	
                (2)  

              	
                Financial
      statements contained in the Company’s Annual Report on Form 10-K for the
      year ending December 31, 2007.

              

      

      
        	
                (3)  

              	
                Financial
      statements contained in the Company’s Annual Report on Form 10-K for the
      year ending December 31, 2006.

              

      

      
        	
                (4)  

              	
                Financial
      statements contained in the Company’s Annual Report on Form 10-K for the
      year ending December 31, 2005.

              

      

      
        	
                (5)  

              	
                Financial
      statements contained in the Company’s Annual Report on Form 10-K for the
      year ending December 31, 2004.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Existing
Indebtedness; Future Liens

       

      
        	
                (A)  

              	
                Existing
      Debt

              

      

      
        	
                (1)  

              	
                        Existing
      Debt with an outstanding principal balance in excess of
      $10,000,000:

              

      

       

       

      
        
          
            
              
                	
                        Agreement

                      	
                        Outstanding
      principal balance as of April 30, 2009

                      	
                        Collateral

                      	
                        Guarantee

                      
	
                        1. Credit
      Agreement ($950,000,000), dated as of August 15, 2008, by and among
      Mettler-Toledo International Inc., Mettler-Toledo Holding AG,
      Mettler-Toledo Management Holding Deutschland GMBH, Mettler-Toledo B.V.,
      MT Invest C.V., certain other Subsidiaries party thereto from time to
      time, JPMorgan Chase Bank, N.A., Bank of America, N.A, The Bank of
      Tokyo-Mitsubishi UFJ, Ltd., ING Bank N.V., Dublin Branch, Societe
      Generale, and the Lenders party thereto from time to time

                      	
                        $303.5
      MM

                      	
                        None.

                      	
                        None.

                      
	
                        2. Participating
      Certificates Purchase Agreement, dated June 29, 2006, by and between
      Mettler-Toledo (Gilbraltar) MTCS Holding Ltd. and Mettler – Toledo
      Pensionskasse.

                         

                      	
                        $11.3
      MM

                      	
                        An
      instrument in the amount of CHF 13,000,000 issued by Mettler-Toledo AG to
      Mettler-Toledo Holding AG, Greifensee

                      	
                        None.

                      
	
                        3. Indenture,
      dated as of November 12, 2003, between Mettler-Toledo International
      Inc.  and JPMorgan Chase Bank, for 4.85% Senior Notes due
      2010.

                      	
                        $151.2
      MM

                      	
                        None.

                      	
                        None.

                      
	
                        Aggregate
      amount

                      	
                        $466.0
      MM

                      	 
      	 
      

              

            

          

        

      

      

      
        	
                (2)  

              	
                      Aggregate
      principal amount of all outstanding indebtedness having an outstanding
      principal balance of $10,000,000 or less:
  $9.3MM.

              

      

      

      
        	
                (B)  

              	
                Future
      liens:

              

      

      None.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Existing
Liens

       

      

      Swiss Mortgages of
Mettler-Toledo AG

       

      

      
        
          
            
              
                	
                        Grundstück
      in Blatt Nr. / Land

                      	
                        Grundbuchamt
      / Erstellungsdatum Land Registry / Creation Date

                      	
                        Pfandsumme
      / Mortgage CHF

                      	
                        Letzte
      Aenderungen/ Changes

                      	
                        Bemerkungen/Notes(1)

                      
	
                        Greifensee,
      1246, 625, 626

                      	
                        Uster
      Serie C04828/7.7.66

                      	
                        5’000’000.--

                      	
                        20.09.2001

                      	
                        1.
      Pfandstelle

                      
	
                        Greifensee,
      1246, 625, 626

                      	
                        Uster
      Serie C53870/13.12.72

                      	
                        5’000’000.--

                      	
                        20.09.2001

                      	
                        1.
      Pfandstelle

                      
	
                        Greifensee,
      1246, 625, 626

                      	
                        Uster
      Serie C53869/13.12.72

                      	
                        5’000’000.--

                      	
                        20.09.2001

                      	
                        1.
      Pfandstelle

                      
	
                        Greifensee,
      1246, 625, 626

                      	
                        Uster
      Serie D39095/17.7.80

                      	
                        16’500’000.--

                      	
                        20.09.2001

                      	
                        1.
      Pfandstelle

                      
	
                        Greifensee,
      1246, 625, 626

                      	
                        Uster
      Serie A61414/2.10.96

                      	
                        6’500’000.--

                      	
                        20.09.2001

                      	
                        2.
      Pfandstelle

                      
	
                        Uster,
      7242, 7243

                      	
                        Uster,
      15.4.1981

                      	
                        15’000’000.--

                      	
                        25.09.2007

                      	
                        1.
      Pfandstelle

                      
	
                        Uster,
      7242, 7243

                      	
                        Uster,
      15.4.1981

                      	
                        15’000’000.--

                      	
                        25.09.2007

                      	
                        1.
      Pfandstelle

                      
	
                        Uster,
      7242, 7243

                      	
                        Uster,
      2.10.1996

                      	
                        8’000’000.--

                      	
                        25.09.2007

                      	
                        2.
      Pfandstelle

                      
	
                        Urdorf,
      1455

                      	
                        Schlieren,
      Serie C23002/7.1.69

                      	
                        3’000’000.--

                      	
                        07.08.1984

                      	
                        1.
      Pfandstelle

                      
	
                        Urdorf,
      1455

                      	
                        Schlieren,
      Serie C56438/15.1.73

                      	
                        1’700’000.--

                      	
                        07.08.1984

                      	
                        2.
      Pfandstelle

                      
	
                        Urdorf,
      1822

                      	
                        Schlieren,
      Serie C77811/7.11.74

                      	
                        500’000.--

                      	
                        07.08.1984

                      	
                        2.
      Pfandstelle

                      
	
                        Urdorf,
      1822

                      	
                        Schlieren,
      Serie C74332/25.9.74

                      	
                        500’000.--

                      	
                        23.03.1976

                      	
                        1.
      Pfandstelle

                      
	
                        Urdorf,
      1822

                      	
                        Schlieren,
      Serie C77910/5.2.75

                      	
                        500’000.--

                      	
                        07.08.1984

                      	
                        3.
      Pfandstelle

                      
	
                        Urdorf,
      1823

                      	
                        Schlieren,
      Serie C77828

                      	
                        1’200’000.--

                      	
                        07.08.1984

                      	
                        1.
      Pfandstelle

                      
	
                        Uznach,
      921

                      	
                        Uznach,
      2196/265/9.10.1996

                      	
                        9’000’000.--

                      	
                        9.10.1996

                      	
                        1.
      Pfandstelle

                      

              

            

          

        

      

      ___________________________

       

      (1)  The
term “Pfandstelle” means “mortgage” and the numerals “1”, “2” and “3” refer to
first, second and third mortgages on the same property,
respectively.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Form
of Series 2009-A Senior Note

       

      Mettler-Toledo
International Inc.

       

      6.30%
Series 2009-A Senior Note due June 25, 2015

       

      
      

       

      
        	No.  R-__________ 	
                ______________ __,
      20__

              
	$
    ____________	
                PPN 592688
      A*6

              

      

       

      For Value Received, the
undersigned, Mettler-Toledo
International Inc. (herein called the
“Company”), a corporation
organized and existing under the laws of the State of Delaware, hereby promises
to pay to _____________________ or registered assigns, the principal sum of
______________ Dollars (or so much thereof as
shall not have been prepaid) on June 25, 2015 with interest (computed on the
basis of a 360-day year of twelve 30-day months) (a) on the unpaid
balance hereof at the rate of 6.30% per annum from the date hereof, payable
semiannually, on the twenty-fifth day of June and December in each year and at
maturity, commencing with the June 25 or December 25 next succeeding the
date hereof, until the principal hereof shall have become due and payable, and
(b) to the extent permitted by law, on any overdue payment of interest and,
during the continuance of an Event of Default, on the unpaid balance hereof and
on any overdue payment of any Make-Whole Amount, at a rate per annum from time
to time equal to the greater of (i) 8.30% and (ii) 2.00% over the rate
of interest publicly announced by Bank of America, N.A., from time to time in
New York, New York  as its “reference” rate, payable semiannually as
aforesaid (or, at the option of the registered holder hereof, on
demand).

       

      Payments
of principal of, interest on and any Make-Whole Amount with respect to this Note
are to be made in lawful money of the United States of America at the principal
office of Bank of America, N.A. in New York, New York or at such other place as
the Company shall have designated by written notice to the holder of this Note
as provided in the Note Purchase Agreement referred to below.

       

      This Note
is one of the Series 2009-A Senior Notes (herein called the “Notes”) issued pursuant to
the Note Purchase Agreement, dated as of June 25, 2009 (as from time to time
amended, supplemented or modified, the “Note Purchase Agreement”),
between the Company and the respective Purchasers named therein and is entitled
to the benefits thereof.  Each holder of this Note will be deemed, by
its acceptance hereof, to have (i) agreed to the confidentiality provisions
set forth in Section 20 of the Note Purchase Agreement and (ii) made
the representations set forth in Sections 6.2 and 6.3 of the Note Purchase
Agreement, provided,
that such holder may (in reliance upon information provided by the Company,
which shall not be unreasonably withheld) make a representation to the effect
that the purchase by any holder of any Note will not constitute a non-exempt
prohibited transaction under Section 406(a) of ERISA.  Unless
otherwise indicated, capitalized terms used in this Note shall have the
respective meanings ascribed to such terms in the Note Purchase
Agreement.

       

      This Note
is a registered Note and, as provided in the Note Purchase Agreement, upon
surrender of this Note for registration of transfer, duly endorsed, or
accompanied by a written instrument of transfer duly executed, by the registered
holder hereof or such holder’s attorney duly authorized in writing, a new Note
for a like principal amount will be issued to, and registered in the name of,
the transferee.  Prior to due presentment for registration of
transfer, the Company may treat the Person in whose name this Note is registered
as the owner hereof for the purpose of receiving payment and for all other
purposes, and the Company will not be affected by any notice to the
contrary.

       

      This Note
is subject to prepayment, in whole or from time to time in part, at the times
and on the terms specified in the Note Purchase Agreement, but not
otherwise.

       

      If an
Event of Default occurs and is continuing, the principal of this Note may be
declared or otherwise become due and payable in the manner, at the price
(including any applicable Make-Whole Amount) and with the effect provided in the
Note Purchase Agreement.

       

      This Note
shall be construed and enforced in accordance with, and the rights of the
Company and the holder of this Note shall be governed by, the law of the State
of New York excluding choice-of-law principles of the law of such State that would require the application of the laws of a jurisdiction
other than such State.

       

      
        
          
            
              
                	 	
                        Mettler-Toledo
      International Inc.

                      	 
	 	 	 	 
	
                         

                      	
                        By:
      

                      	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 	 

              

            

          

        

      

       

      
        CH2\7426887.1

      

      
         

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Form
of Opinion of Special Counsel

      to
the Company

      

       

      The
closing opinion of Fried, Frank Harris, Shriver & Jacobson (London) LLP,
special counsel for the Company, which is called for by Section 4.4(a) of
the Agreement, shall be dated the Closing Date and addressed to each Purchaser,
shall be satisfactory in scope and form to each Purchaser and shall be to the
effect that:

       

      1.           The
Company is a corporation, duly incorporated, validly existing and in good
standing under the laws of the State of Delaware, has the corporate power and
the corporate authority to execute and perform the Agreement and to issue the
Series 2009-A Notes and has the full corporate power and the corporate authority
to conduct the activities in which it is now engaged and is duly licensed or
qualified and is in good standing as a foreign corporation in the State of
Ohio.

       

      2.           Each
Domestic Subsidiary is a corporation or other business entity duly organized,
validly existing and in good standing under the laws of its jurisdiction of
organization and is duly licensed or qualified and is in good standing in the
jurisdiction in which its principal place of business is located, and all of the
issued and outstanding shares of capital stock or other equity interests of each
such Domestic Subsidiary have been duly issued, are fully paid and
non-assessable, and are owned by the Company, by Subsidiaries, or by the Company
and one or more Subsidiaries.

       

      3.           The
Agreement has been duly authorized by all necessary corporate action on the part
of the Company, has been duly executed and delivered by the Company and
constitutes the legal, valid and binding contract of the Company enforceable in
accordance with its terms.

       

      4.           The
Series 2009-A Notes have been duly authorized by all necessary corporate action
on the part of the Company, have been duly executed and delivered by the Company
and constitute the legal, valid and binding obligations of the Company
enforceable in accordance with their terms.

       

      5.           No
approval, consent or withholding of objection on the part of, or filing,
registration or qualification with, any Governmental Authority, federal or
state, is necessary in connection with the execution, delivery or performance by
the Company of the Agreement or the Series 2009-A Notes.

       

      6.           The
issuance and sale of the Series 2009-A Notes and the execution, delivery and
performance by the Company of the Agreement do not conflict with any law, rule
or regulation or order of any Governmental Authority or conflict with or result
in any breach of any of the provisions of or constitute a default under or
result in the creation or imposition of any Lien upon any of the property of the
Company pursuant to the provisions of the Certificate of Incorporation or
By-laws of the Company or any agreement or other instrument known to such
counsel to which the Company is a party or by which the Company may be
bound.

       

      7.           The
issuance, sale and delivery of the Series 2009-A Notes under the circumstances
contemplated by the Agreement do not, under existing law, require the
registration of the Series 2009-A Notes under the Securities Act or the
qualification of an indenture under the Trust Indenture Act of 1939, as
amended.

       

      8.           The
Company is not an “investment company” as such term is defined in the Investment
Company Act of 1940, as amended.

       

      9.           The
issuance of the Series 2009-A Notes and the use of the proceeds of the sale of
the Series 2009-A Notes in accordance with the provisions of and contemplated by
the Agreement do not violate Regulation T, U or X of the Board of Governors of
the Federal Reserve System.

       

      The
opinion of Fried, Frank Harris, Shriver & Jacobson (London) LLP shall cover
such other matters relating to the sale of the Series 2009-A Notes as any
Purchaser may reasonably request and shall provide that (i) subsequent
holders of the Series 2009-A Notes may rely upon such opinion and (ii) such
opinion may be provided to Governmental Authorities including, without
limitation, the National Association of Insurance Commissioners.  With
respect to matters of fact on which such opinion is based, such counsel shall be
entitled to rely on appropriate certificates of public officials and officers of
the Company.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Form
of Opinion of Special Counsel

      to
the Purchasers

       

       

      The
opinion of Schiff Hardin LLP, special counsel to the Purchasers, called for by
Section 4.4(b) of the Agreement, shall be dated the Closing Date and addressed
to the Purchasers, shall be satisfactory in form and substance to the Purchasers
and shall be to the effect that:

       

      1.           The
Company is a corporation validly existing and in good standing under the laws of
the State of Delaware.

       

      2.           The
Agreement and the Series 2009-A Notes being delivered on the Closing Date
constitute the legal, valid and binding contracts of the Company, enforceable
against the Company in accordance with its terms.

       

      3.           The
issuance, sale and delivery of the Series 2009-A Notes being delivered on the
Closing Date under the circumstances contemplated by this Agreement do not,
under existing law, require the registration of such Series 2009-A Notes under
the Securities Act or the qualification of an indenture under the Trust
Indenture Act of 1939, as amended.

       

      The
opinion of Schiff Hardin LLP shall also state that the opinion of Fried, Frank
Harris, Shriver & Jacobson (London) LLP is satisfactory in scope and form to
Schiff Hardin LLP and that, in their opinion, the Purchasers are justified in
relying thereon.

       

      In
rendering the opinion set forth in paragraph 1 above, Schiff Hardin LLP may
rely, as to matters referred to in paragraph 1, solely upon an examination of
the Certificate of Incorporation certified by, and a certificate of good
standing of the Company from, the Secretary of State of the State of
Delaware.  The opinion of Schiff Hardin LLP is limited to the laws of
the State of New York and the federal laws of the United States.

       

      With
respect to matters of fact upon which such opinion is based, Schiff Hardin LLP
may rely on appropriate certificates of public officials and officers of the
Company and upon representations of the Company and the Purchasers delivered in
connection with the execution and delivery of the Agreement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        

      

      
        

        

      

      

       

      Mettler-Toledo
International Inc.

      

      

      

      

      

      [Number]
Supplement to Note Purchase Agreement

      

      

      Dated as
of ________ __, 20__

      

      

      

      
 

       

      Re:$____________
_____% Series _______ Senior Notes,

      [Tranche
__,] due ________ __, 20__

      

      

      

      

      

      
        

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

      

      Mettler-Toledo
International Inc.

      1900
Polaris Parkway

      Columbus,
OH  43240

       

      

      Dated as
of

      ________
__, 20__

      

      To
the Purchasers listed in

        the
attached Schedule A

      

       

      Ladies
and Gentlemen:

       

      This
[Number] Supplement to Note Purchase Agreement (this “Supplement”) is between
Mettler-Toledo International Inc., a Delaware corporation (the “Company”), and the
institutional investors named on Schedule A attached hereto (the “Purchasers”).

       

      Reference
is hereby made to that certain Note Purchase Agreement dated as of June 25, 2009
(the “Note Purchase
Agreement”) between the Company and the purchasers listed on
Schedule A thereto.  All capitalized terms not otherwise defined
herein shall have the same meaning as specified in the Note Purchase
Agreement.  Reference is further made to Section 2.2(c)(2) of the
Note Purchase Agreement which requires that, prior to the delivery of any
Additional Notes, the Company and each Additional Purchaser shall execute and
deliver a Supplement.

       

      The
Company hereby agrees with the Purchaser(s) as follows:

       

      1.  
The Company has authorized the issue and sale of $__________ aggregate principal
amount of its _____% Series ______ [, Tranche __,] Senior Notes due
________ __, 20__ (the “Series ______ Notes”).  The
Series ____ Notes, together with the [Series 2009-A] Notes [and the
Series ____ Notes] initially issued pursuant to the Note Purchase Agreement
and the _________ Supplement, respectively, and each series of Additional Notes
which may from time to time hereafter be issued pursuant to the provisions of
Section 2.2 of the Note Purchase Agreement, are collectively referred to as
the “Notes” (such term
shall also include any such notes issued in substitution therefor pursuant to
Section 13 of the Note Purchase Agreement).  The
Series _____ Notes shall be substantially in the form set out in
Exhibit 1 hereto with such changes therefrom, if any, as may be approved by
the Purchasers and the Company.  

       

      2.  
Subject to the terms and conditions hereof and as set forth in the Note Purchase
Agreement and on the basis of the representations and warranties hereinafter set
forth, the Company will issue and sell to each Purchaser, at the Closing
provided for in Section 3, and each Purchaser will purchase from the
Company, Series _____ Notes in the principal amount specified opposite such
Purchaser’s name in Schedule A hereto at a price of 100% of the principal
amount thereof.  The obligations of each Purchaser hereunder are
several and not joint obligations and no Purchaser shall have any obligation or
any liability to any Person for the performance or nonperformance by any other
Purchaser hereunder.

       

      3.  
The sale and purchase of the Series ______ Notes to be purchased by each
Purchaser shall occur at the offices of [Schiff Hardin LLP, 900 Third Avenue,
23rd
Floor, New York, New York 10022] at 11:00 a.m. New York, New York time, at a
closing (the “Closing”)
on ________ __, 20__ or on such other Business Day thereafter on or prior
to _______, 20__ as may be agreed upon by the Company and the
Purchasers.  At the Closing, the Company will deliver to each
Purchaser the Series ______ Notes to be purchased by such Purchaser in the
form of a single Series ______ Note (or such greater number of
Series ______ Notes in denominations of at least $100,000 as such Purchaser
may request) dated the date of the Closing and registered in such Purchaser’s
name (or in the name of such Purchaser’s nominee), against delivery by such
Purchaser to the Company or its order of immediately available funds in the
amount of the purchase price therefor by wire transfer of immediately available
funds for the account of the Company.  If, at the Closing, the Company
shall fail to tender such Series ______ Notes to any Purchaser as provided
above in this Section 3, or any of the conditions specified in
Section 4 shall not have been fulfilled to any Purchaser’s satisfaction,
such Purchaser shall, at its election, be relieved of all further obligations
under this Supplement, without thereby waiving any rights such Purchaser may
have by reason of such failure or such nonfulfillment.

       

      4.  
The obligation of each Purchaser to purchase and pay for the Series ______
Notes to be sold to such Purchaser at the Closing is subject to the fulfillment
to such Purchaser’s satisfaction, prior to the Closing, of the conditions set
forth in Section 4 of the Note Purchase Agreement with respect to the
Series ______ Notes to be purchased at the Closing, and to the following
additional conditions:

       

      (a)   Except as
supplemented, amended or superseded by the representations and warranties set
forth in Exhibit A hereto, each of the representations and warranties of the
Company set forth in Section 5 of the Note Purchase Agreement shall be true and
correct as of the date of the Closing and the Company shall have delivered to
each Purchaser an Officer’s Certificate, dated the date of the Closing,
certifying that such condition has been fulfilled.

       

      (b)   Contemporaneously
with the Closing, the Company shall sell to each other Purchaser and each other
Purchaser shall purchase the Series __ Notes to be purchased by it at the
Closing as specified in Schedule A.

       

      5.  
[Here insert special provisions for Series ______ Notes including
prepayment provisions applicable to Series ______ Notes (including
Make-Whole Amount) and closing conditions applicable to Series ______
Notes].

       

      6.  
Each Purchaser represents and warrants that the representations and warranties
set forth in Section 6 of the Note Purchase Agreement are true and correct
on the date hereof with respect to the purchase of the Series ______ Notes
by such Purchaser.

       

      7.  
The Company and each Purchaser agree to be bound by and comply with the terms
and provisions of the Note Purchase Agreement as fully and completely as if such
Purchaser were an original signatory to the Note Purchase
Agreement.

       

      8. 
All references in the Note Purchase Agreement and all other instruments,
documents and agreements relating to, or entered into in connection with the
foregoing documents and agreements, to the Note Purchase Agreement shall be
deemed to refer to the Note Purchase Agreement, as supplemented by this
__________ Supplement.

       

      9.  
Except as expressly supplemented by this __________ Supplement, all terms and
provisions of the Note Purchase Agreement remain unchanged and continue,
unabated, in full force and effect and the Company hereby reaffirms its
obligations and liabilities under the Note Purchase Agreement.

       

      10. 
This __________ Supplement shall be construed and enforced in accordance with,
and the rights of the parties shall be governed by, the law of the State of
New York excluding choice-of-law principles of the law of such State that
would permit the application of the laws of a jurisdiction other than such
State.

       

      11. 
Any provision of this Supplement that is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall (to the full extent permitted by law) not invalidate or
render unenforceable such provision in any other jurisdiction.

       

      12. 
All covenants and other agreements contained in this __________ Supplement by or
on behalf of any of the parties hereto bind and inure to the benefit of their
respective successors and assigns (including, without limitation, any subsequent
holder of a Note) whether so expressed or not.

       

      13. 
This __________ Supplement may be executed in any number of counterparts, each
of which shall be an original but all of which together shall constitute one
instrument.  Each counterpart may consist of a number of copies
hereof, each signed by less than all, but together signed by all, of the parties
hereto.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      The
execution hereof shall constitute a contract between the Company and the
Purchasers for the uses and purposes hereinabove set forth.

       

      
        
          
            
              
                	 	
                        Mettler-Toledo
      International Inc.

                      	 
	 	 	 	 
	
                         

                      	
                        By:
      

                      	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 	 

              

            

          

        

      

       

      
        Accepted
as of ________ __, 20___

      

       

      
        
          
            	
                  	
                    [Variation]

                  	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 

          

        

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Information
Relating to Purchasers

      

      
        
          	
                   

                  Name
      and Address of Purchaser

                	 
      	
                  Principal

                  Amount
      of Series ______ Notes to be Purchased

                
	
                  [Name
      of Purchaser]

                	 
      	
                  $

                
	
                  (1)     
      All payments by wire transfer of immediately available funds
      to:

                   

                   

                   

                   

                  with
      sufficient information to identify the source and application of such
      funds.

                   

                	 
      	 
      
	
                  (2)     
      All notices of payments and written confirmations of such wire
      transfers:

                   

                   

                   

                   

                	 
      	 
      
	
                  (3)     
      All other communications:

                	 
      	 
      

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Supplemental
Representations

       

      The Company represents and warrants to
each Purchaser that except as hereinafter set forth in this Exhibit A, each of
the representations and warranties set forth in Section 5 of the Note
Purchase Agreement is true and correct in all material respects as of the date
hereof with respect to the Series ______ Notes with the same force and effect as
if each reference to “Series 2009-A Notes” set forth therein was modified to
refer the “Series ______ Notes,” each reference to “this Agreement” therein was
modified to refer to “the Note Purchase Agreement as supplemented by the _______
Supplement” and each reference to “the Purchasers” set forth therein was
modified to refer to “the institutional investors named on Schedule A to the
_______ Supplement.”  The Section references hereinafter set forth
correspond to the similar sections of the Note Purchase Agreement which are
supplemented hereby:

       

      Section 5.3 Disclosure.  [The
Company, through its agent, [Banc of America Securities LLC] has delivered to
each Purchaser a copy of a [Private Placement Memorandum], dated ____________
(the “Memorandum”),
relating to the transactions contemplated by the ______
Supplement.]  The Memorandum fairly describes, in all material
respects, the general nature of the business and principle properties of the
Company and its Subsidiaries.  The Note Purchase Agreement, the
_______ Supplement, the Memorandum and the documents, certificates or other
writings delivered or otherwise made available to the Purchasers by or on behalf
of the Company in connection with the transactions contemplated hereby and
identified in Schedule 5.3 to the ______ Supplement and the financial
statements listed in Schedule 5.5 to the _____ Supplement (the Note
Purchase Agreement, the _______ Supplement, the Memorandum and such documents,
certificates or other writings and financial statements delivered to each
Purchaser prior to _______ __, 20__* being referred to, collectively, as
the “Disclosure
Documents”), taken as a whole, do not contain any untrue statement of a
material fact or omit to state any material fact necessary to make the
statements therein not misleading in the light of the circumstances under which
they were made.  Except as disclosed in the Disclosure Documents since
____________, there has been no change in the financial condition, operations,
business or properties of the Company or any Subsidiary except changes that,
individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect.  There is no fact known to the Company that
would reasonably be expected to have a Material Adverse Effect that has not been
set forth herein or in the Disclosure Documents.

       

      Section 5.4 Organization and Ownership of Shares
of Subsidiaries.  Schedule 5.4 to the ______ Supplement
contains (except as noted therein) complete and correct lists of the Company’s
Restricted and Unrestricted Subsidiaries, showing, as to each Subsidiary, the
correct name thereof, the jurisdiction of its organization and, with respect to
each Material Subsidiary, the percentage of shares of each class of its Capital
Stock outstanding owned by the Company and each other Subsidiary.

       

      Section 5.5 Financial Statements; Material
Liabilities.  The Company has delivered or otherwise made
available to each Purchaser copies of the consolidated financial statements of
the Company and its Subsidiaries listed on Schedule 5.5 to the __________
Supplement.  All of said financial statements (including in each case
the related schedules and notes) fairly present, in all material respects, the
consolidated financial position of the Company and its Subsidiaries as of the
respective dates specified in such Schedule and the consolidated results of
their operations and cash flows for the respective periods so specified and have
been prepared in accordance with GAAP consistently applied throughout the
periods involved except as set forth in the notes thereto (subject, in the case
of any interim financial statements, to normal year-end
adjustments).  The Company and its Subsidiaries do not have any
Material liabilities that are not disclosed on such financial statements or
otherwise disclosed in the Disclosure Documents.

       

      Section 5.13 Private Offering by the
Company.  Neither the Company nor anyone acting on its behalf
has offered the Series __ Notes or any similar securities for sale to, or
solicited any offer to buy any of the same from, or otherwise approached or
negotiated in respect thereof with, any Person other than the Purchasers and not
more than ______ other Institutional Investors of the type described in clause
(c) of the definition thereof, each of which has been offered the
Series ______ Notes a private sale for investment.  Neither the
Company nor anyone acting on its behalf has taken, or will take, any action that
would subject the issuance or sale of the Notes to the registration requirements
of Section 5 of the Securities Act or the registration requirements of any
Securities or blue sky laws of any applicable jurisdiction.

       

      Section 5.14 Use of Proceeds; Margin
Regulations.  The Company will apply the proceeds of the sale
of the Series ______ Notes to ______________________________ and for other
general corporate purposes of the Company. No part of the proceeds from the sale
of the Series ______ Notes pursuant to the _____ Supplement will be used,
directly or indirectly, for the purpose of buying or carrying any margin stock
within the meaning of Regulation U of the Board of Governors of the Federal
Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading
in any Securities under such circumstances as to involve the Company in a
violation of Regulation X of said Board (12 CFR 224) or to involve any
broker or dealer in a violation of Regulation T of said Board (12 CFR
220).  Margin stock does not constitute more than __% of the value of
the consolidated total assets of the Company and its Subsidiaries and the
Company does not have any present intention that margin stock will constitute
more than __% of the value of such assets.  As used in this Section,
the terms “margin
stock” and “purpose of buying or carrying” shall have the meanings
assigned to them in said Regulation U.

       

      Section 5.15 Existing
Indebtedness.  Except as described therein, Schedule 5.15
to the __________ Supplement sets forth, as of _______________, (1) a complete
and correct list of all outstanding Indebtedness of the Company and its
Restricted Subsidiaries (other than Indebtedness of a Restricted Subsidiary
owing to the Company or another Restricted Subsidiary) having an outstanding
principal balance in excess of $10,000,000 (or its equivalent in the relevant
currency of payment) (including a description of the obligors and obligees,
principal amount outstanding and collateral therefor, if any, and Guarantee
thereof, if any), since which date there has been no Material change in the
amounts, interest rates, sinking funds, installment payments or maturities of
such Indebtedness of the Company or its Restricted Subsidiaries and (2) the
aggregate principal amount of outstanding Indebtedness of the Company and its
Restricted Subsidiaries in respect of obligations that, individually, have an
outstanding principal balance of $10,000,000 (or its equivalent in the relevant
currency of payment) or less, since which date there has been no Material change
in the aggregate amount thereof.  Neither the Company nor any
Restricted Subsidiary is in default and no waiver of default is currently in
effect, in the payment of any principal or interest on any Indebtedness of the
Company or such Restricted Subsidiary and no event or condition exists with
respect to any Indebtedness of the Company or any Restricted Subsidiary having
an outstanding principal amount in excess of $10,000,000 (or its equivalent in
the relevant currency of payment) that would permit (or that with notice or the
lapse of time, or both, would permit) one or more Persons to cause such
Indebtedness to become due and payable before its stated maturity or before its
regularly scheduled dates of payment.

       

      [Add any
additional Sections as appropriate at the time the Series ______ Notes are
issued]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Form
of Series 20__-_ [Tranche __,] Senior Note

      

      Mettler-Toledo
International Inc.

       

      __%
Series 20__-__ [, Tranche __], Senior Note, due ________ __, 20__

       

       

      
        	No.  20__
      - __R-__________ 	
                ______________ __,
      20__

              
	$
    ____________	
                PPN
      _________

              

      

       

      For value
received, the undersigned, Mettler-Toledo International Inc. (herein called the
“Company”), a
corporation organized and existing under the laws of the State of Delaware,
hereby promises to pay to _____________________ or registered assigns, the
principal sum of ______________ Dollars (or so much thereof as shall not have
been prepaid) on ________ __, 20__ with interest (computed on the basis of
a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at
the rate of ____% per annum from the date hereof, payable [semiannually], on the
____ day of _______ and _________ in each year and at maturity, commencing with
the _______ __ or _______ __ next succeeding the date hereof, until the
principal hereof shall have become due and payable, and (b) to the extent
permitted by law, on any overdue payment of interest and, during the continuance
of an Event of Default, on the unpaid balance hereof and on any overdue payment
of any Make-Whole Amount, at a rate per annum from time to time equal to the
greater of (i) ___% and (ii) ____% over the rate of interest publicly
announced by [Bank of America, N.A.], from time to time in New York, New
York  as its “reference” rate, payable [semiannually] as aforesaid
(or, at the option of the registered holder hereof, on demand).

       

      Payments
of principal of, interest on and any Make-Whole Amount with respect to this Note
are to be made in lawful money of the United States of America at the principal
office of Bank of America, N.A. in New York, New York or at such other place as
the Company shall have designated by written notice to the holder of this Note
as provided in the Note Purchase Agreement referred to below.

       

      This Note
is one of the Series 20__-__ [, Tranche __,] Senior Notes, (herein called the
“Notes”) issued
pursuant to the __________ Supplement dated as of __________ (the “Supplement”) which
supplements that certain Note Purchase Agreement dated as of June 25, 2009 (as
from time to time amended, supplemented or otherwise modified, the “Note Purchase Agreement”),
originally between the Company and the respective Purchasers named therein and
is entitled to the benefits of the Note Purchase Agreement.  Each
holder of this Note will be deemed, by its acceptance hereof, to have
(i) agreed to the confidentiality provisions set forth in Section 20
of the Note Purchase Agreement and (ii) made the representations set forth
in Sections 6.2 and 6.3 of the Note Purchase Agreement; provided, that such holder
may (in reliance upon information provided by the Company, which shall not be
unreasonably withheld) make a representation to the effect that the purchase by
any holder of any Note will not constitute a non-exempt prohibited transaction
under Section 406(a) of ERISA.  Unless otherwise indicated,
capitalized terms used in this Note shall have the respective meanings ascribed
to such terms in the Note Purchase Agreement.

       

      This Note
is a registered Note and, as provided in the Note Purchase Agreement, upon
surrender of this Note for registration of transfer, duly endorsed, or
accompanied by a written instrument of transfer duly executed, by the registered
holder hereof or such holder’s attorney duly authorized in writing, a new Note
for a like principal amount will be issued to, and registered in the name of,
the transferee.  Prior to due presentment for registration of
transfer, the Company may treat the Person in whose name this Note is registered
as the owner hereof for the purpose of receiving payment and for all other
purposes, and the Company will not be affected by any notice to the
contrary.

       

      [The
Company will make required prepayments of principal on the dates and in the
amounts specified in the Supplement.]  [This Note is not subject to
regularly scheduled prepayments of principal.] This Note is [also] subject to
optional prepayment, in whole or from time to time in part, at the times and on
the terms specified in the Supplement and/or the Note Purchase Agreement, but
not otherwise.

       

      If an
Event of Default occurs and is continuing, the principal of this Note may be
declared or otherwise become due and payable in the manner, at the price
(including any applicable Make-Whole Amount) and with the effect provided in the
Note Purchase Agreement.

       

      This Note
shall be construed and enforced in accordance with, and the rights of the issuer
and holder hereof shall be governed by, the law of the State of New York
excluding choice-of-law principles of the law of such State that would require
the application of the laws of a jurisdiction other than such
State.

       

      
        
          
            	
                  	
                    Mettler-Toledo
      International Inc.

                  	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	 	 
	 	 	Name:	 	 
	 	 	Title:c58039_ex10-1.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.1

UNITED STATES DEPARTMENT OF THE TREASURY

1500 Pennsylvania Avenue, NW 

Washington, D.C. 20220

                                                        June 24, 2009

Ladies and Gentlemen:

     Reference is made to that certain letter agreement (the “Repurchase Letter Agreement”), dated as of the date set forth on Schedule A hereto, between the United States Department of the Treasury (the “Investor”) and the company set forth on
Schedule A hereto (the “Company”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Repurchase Letter Agreement.

     As documented by the Repurchase Letter Agreement, the Company has completed the repurchase from the Investor of all of the Preferred Shares issued to the Investor pursuant to the Securities Purchase
Agreement. Following such time, the Company delivered a Warrant Repurchase Notice dated as of the date set forth on Schedule A hereto to the Investor. In connection with the consummation, on the date hereof, of the repurchase of the Warrant by the
Company from the Investor, as contemplated by the Warrant Repurchase Notice and Section 4.9 of the Securities Purchase Agreement:

     (a) The Company hereby acknowledges receipt from the Investor of the Warrant; and

     (b) The Investor hereby acknowledges receipt from the Company of a wire transfer to the account of the Investor set forth on Schedule A hereto in immediately available funds of the aggregate purchase
  price set forth on Schedule A hereto, representing payment in full for the Warrant, determined in accordance with Section 4.9 of the Securities Purchase Agreement.

     This letter agreement will be governed by and construed in accordance with the federal law of the United States if and to the extent such law is applicable, and otherwise in accordance with the laws
of the State of New York applicable to contracts made and to be performed entirely within such State.

     This letter agreement may be executed in any number of separate counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts will together constitute the
same agreement. Executed signature pages to this letter agreement may be delivered by facsimile and such facsimiles will be deemed sufficient as if actual signature pages had been delivered.

     In witness whereof, the parties have duly executed this letter agreement as of the date first written above.

 

	 	UNITED STATES DEPARTMENT OF

        THE TREASURY
	 	 	 
	 	By: 	/s/
    Duane Morse 
	 	 	Name: Duane Morse 
	 	 	Title: Chief Risk and Compliance Officer 
	 	 	 
	 	 	 
	 	COMPANY: Somerset Hills Bancorp 
	 	 	 
	 	 	 
	 	By: 	/s/
    Stewart E. McClure, Jr.  
	 	 	Name: Stewart E. McClure, Jr.
	 	 	Title: President, Chief Executive 

    Officer and Chief Operating Officer

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