Document:

EXHIBIT
                4.6

            

    

     

    
      

       

      [
        ] 200_

       

       

       

      ASTRAZENECA
        PLC

       

       

       

      [NAME
        OF DIRECTOR]

       

       

      
        	 	
                 

                  

                

              	 
	 	
                 DEED
                  OF INDEMNITY

              	 
	 	 

                

              	 

      

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      CONTENTS

       

       

       

      
        	CLAUSE	 	
                 PAGE

              
	 	 	 
	1.	INTERPRETATION	
                 1

              
	 	 	
              
	2.	
                INDEMNIFICATION

              	
                 1

              
	 	 	 
	3.	AGREEMENT
                AS TO INSURANCE	
                 3

              
	 	 	 
	4.	CONDUCT
                OF CLAIMS	
                 3

              
	 	 	
              
	5.	
                SUBROGATION

              	
                 3

              
	 	 	 
	6.	DURATION	
                 4

              
	 	 	 
	7.	THIRD
                PARTIES	
                 4

              
	 	 	 
	8.	GOVERNING
                LAW AND JURISDICTION	
                 4

              

      

       

       

    

    
    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    THIS
      DEED OF INDEMNITY
      is made
      the __ day of 200_

     

    Between

     

    
      	(1)  	
              ASTRAZENECA
                PLC,
                a
                public limited company registered in England and Wales with company
                number
                02723534 whose registered office is at 15 Stanhope Gate London W1K
                1LN
                (the Company);
                and

            

    

     

    
      	(2)  	
              [NAME]
                with a service address at 15 Stanhope Gate London W1K 1LN (the
                Director).

            

    

     

    Whereas

     

    (A)  The
      Director is a director of the Company.

     

    (B)  The
      Company has agreed to indemnify the Director on the terms and conditions set
      out
      in this Deed.

     

    (C)  The
      Company has further agreed to use reasonable endeavours to maintain appropriate
      directors’ and officers’ liability insurance for the benefit of the Director on
      the terms and conditions set out in this Deed.

     

    Now
      this Deed witnesseth as
      follows:

     

    1.  Interpretation

     

    
      	1.1  	
              In
                this Deed (including the recitals) the following expressions shall
                have
                the following meanings, unless the context otherwise
                requires:

            

    

     

    Associated
      Company
      means an
“associated company” as defined in section 309A of the Companies
      Act;

     

    Claims
      means
      all claims, actions and proceedings, whether civil, criminal or regulatory
      and
Claim
      shall be
      construed accordingly;

     

    Companies
      Act means
      the
      Companies Act 1985 but shall include any statutory or legislative modification
      or re-enactment thereof, or any substitution therefor;

     

    Losses
      means
      any losses, damages, penalties, liabilities, compensation or other awards,
      or
      any settlement thereof to which the Company consents, arising in connection
      with
      any Claim, whether instigated, imposed or incurred (or, in the case of a
      settlement, agreed) under the laws of England and Wales or the law of any other
      jurisdiction; 

     

    subsidiaries means
      “subsidiaries” as defined in section 736 of the Companies Act.

     

    2.  Indemnification

     

    
      	2.1  	
              Subject
                to clauses 2.2
                and 8.2
                of
                this Deed, the Company shall, to the fullest extent permitted by
                law and
                without prejudice to any other indemnity to which the Director may
                otherwise be entitled, indemnify and hold the

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	 	Director
              harmless in respect of all Claims and Losses arising out of, or in
              connection with, the actual or purported exercise of, or failure to
              exercise, any of the Director’s powers, duties or responsibilities as a
              director or officer of the Company or any of its subsidiaries for the
              time
              being, subject to the remaining provisions of this
              Deed. 

    

    
      	 	 

    

    
      	2.2  	
              The
                indemnity in clause 2.1
                of
                this Deed shall be deemed not to provide for, or entitle the Director
                to,
                any indemnification that would cause this Deed, or any part of it,
                to be
                treated as void under the Companies Act and, in particular, except
                as
                provided in clause 2.3
                of
                this Deed, shall not provide directly or indirectly (to any extent)
                any
                indemnity against:

            

    

     

    
      	(a)  	
              any
                liability incurred by the Director to the Company or any Associated
                Company; or

            

    

     

    
      	(b)  	
              any
                liability incurred by the Director to pay a fine imposed in criminal
                proceedings or a sum payable to a regulatory authority by way of
                a penalty
                in respect of non-compliance with any requirement of a regulatory
                nature
                (however arising); or

            

    

     

    
      	(c)  	
              any
                liability incurred by the Director:

            

    

     

    
      	(i)  	
              in
                defending any criminal proceedings in which he is convicted;
                or

            

    

     

    
      	(ii)  	
              in
                defending any civil proceedings brought by the Company, or an Associated
                Company, in which judgment is given against him;
                or

            

    

     

    
      	(iii)  	
              in
                connection with any application under section 144(3) or (4) or section
                727
                of the Companies Act in which the Court refuses to grant him
                relief,

            

    

     

    where,
      in
      any such case, any such conviction, judgment or refusal of relief has become
      final.

     

    Reference
      in this clause 2.2
      to a
      conviction, judgment or refusal of relief being ‘final’ shall be construed in
      accordance with sections 309B(6) and (7) of the Companies Act.

     

    
      	2.3  	
              Without
                prejudice to the generality of the indemnity set out in clause
                2.1
                of
                this Deed, the Company shall, to the fullest extent permitted by
                law,
                indemnify and hold the Director harmless on an ‘as incurred’ basis against
                all legal and other costs, charges and expenses reasonably
                incurred:

            

    

     

    
      	(a)  	
              in
                defending Claims including, without limitation, Claims brought by,
                or at
                the request of, the Company or any Associated Company and any
                investigation into the affairs of the Company or any Associated Company
                by
                any judicial, governmental, regulatory or other body;
                or

            

    

     

    
      	(b)  	
              in
                connection with any application under section 144(3) or (4) or section
                727
                of the Companies Act,

            

    

     

    
      
        
        

      

      
        Page
          2

        
          

        

      

      
        
        

      

    

     

    PROVIDED
      THAT, in
      accordance with section 337A of the Companies Act, the Director agrees that
      any
      such legal and other costs, charges and expenses paid by the Company shall
      fall
      to be repaid, or any liability of the Company under any transaction connected
      thereto shall fall to be discharged, not later than:

     

    
      	(i)  	
              in
                the event of the Director being convicted in the proceedings, the
                date
                when the conviction becomes final; or

            

    

     

    
      	(ii)  	
              in
                the event of judgment being given against the Director in the proceedings,
                the date when the judgment becomes final; or

            

    

     

    
      	(iii)  	
              in
                the event of the Court refusing to grant the Director relief on the
                application, the date when the refusal of relief becomes
                final.

            

    

     

    References
      in this clause 2.3
      to a
      conviction, judgment or refusal of relief being ‘final’ shall be construed in
      accordance with sections 337A(5) and (6) of the Companies Act.

     

    3.  Agreement
      as to Insurance

     

    
      	3.1  	
              The
                Company shall use all reasonable endeavours to provide and maintain
                appropriate directors’ and officers’ liability insurance (including
                ensuring that premiums are properly paid) for the benefit of the
                Director
                for so long as any Claims may lawfully be brought against the
                Director.

            

    

     

    4.  Conduct
      of Claims

     

    
      	4.1  	
              The
                Director shall give written notice to the Company upon receipt of
                any
                demand relating to any Claims (or circumstances which may reasonably
                be
                expected to give rise to a demand relating to Claims) giving full
                details
                and providing copies of all relevant correspondence and the Director
                shall
                keep the Company fully informed of the progress of any Claims, including
                providing all such information in relation to any Claims or Losses
                or any
                other costs, charges or expenses incurred as the Company may reasonably
                request, and shall take all such action as the Company may reasonably
                request to avoid, dispute, resist, appeal, compromise or defend any
                Claims.

            

    

     

    
      	4.2  	
              The
                Director shall take all such action as the Company may reasonably
                request
                to avoid, dispute, resist, appeal, compromise or defend any
                Claim
                and shall not make any admission of liability, agreement or compromise
                with any person in relation to any Claim without the prior written
                consent
                of the Company, such consent not to be unreasonably
                withheld.

            

    

     

    5.  Subrogation

     

    
      	5.1  	
              In
                the event of any payment under this Deed, the Company shall be subrogated
                to the extent of such payment to all of the Director’s rights of recovery
                against third parties (including any claim under any applicable directors’
                and officers’ liability insurance policy) in respect of the payment. The
                Director shall provide all reasonable cooperation as may be requested
                

            

    

     

    
      
        
        

      

      
        Page
          3

        
          

        

      

      
        
        

      

    

     

     

     

    
      	 	by
              the Company for the purposes of securing and exercising such rights
              of
              recovery.

    

     

     6.  Duration

     

    
      	6.1  	
              This
                Deed shall remain in force until such time as any relevant limitation
                periods for bringing Claims against the Director have expired, or
                for so
                long as the Director remains liable for any
                Losses.

            

    

     

    7.  Third
      Parties

     

    
      	7.1  	
              A
                person who is not a party to this Deed shall have no right under
                the
                Contracts (Rights of Third Parties) Act 1999 to enforce any of its
                terms.

            

    

     

    8.  Governing
      Law and Jurisdiction

     

    
      	8.1  	
              This
                Deed shall be governed by, and interpreted in accordance with, the
                laws of
                England and Wales and each of the Company and the Director hereby
                submit
                for all purposes in connection with this Deed to the exclusive
                jurisdiction of the High Court of Justice in England and
                Wales.

            

    

     

    
      	8.2  	
              If
                this Deed is finally judicially determined in a relevant jurisdiction
                to
                provide for, or entitle the Director to, indemnification against
                any
                Claims or Losses that would cause this Deed, or any part of it, to
                be
                treated as void under the laws of that jurisdiction, this Deed shall,
                in
                so far as it relates to such jurisdiction, be deemed not to provide
                for,
                or entitle the Director to, any such indemnification, and the Company
                shall instead indemnify the Director against any Claims or Losses
                to the
                fullest extent permitted by law in that
                jurisdiction.

            

    

     

    

     

    
      
        
        

      

      
        Page
          4

        
          

        

      

      
        
        

      

    

    IN
      WITNESS
      whereof
      this Deed has been executed the day and year first above written.

     

    
      	EXECUTED and
              DELIVERED 	)	 	 
	as a DEED by ASTRAZENECA
              PLC	)	 	 
	a director and the secretary: 	)	 	 
	 	 	 	 
	
               Director:

            	 	 	 
	 	 	 	 
	 	 	 	 
	
               
Secretary:

            	 	 	 
	 	 	 	 
	SIGNED as a DEED and	)	 	 
	DELIVERED by	)	 	 
	 	 	 	 
	 	)	 	 
	[NAME]	)	 	 
	in the presence of	 	 	 

    

     

    
      	Witness 	Signature:	 	 
	 	 	 	 
	 	Name:	 	 
	 	 	 	 
	 	Address:	 	 

    

     

    Page
      5Unassociated Document

    Exhibit
      4.1

     

    CERTIFICATE
      OF DESIGNATIONS OF

    

    6
      3/4% MANDATORY CONVERTIBLE PREFERRED STOCK

    

    of

    

    FREEPORT-MCMORAN
      COPPER & GOLD INC.

    Pursuant
      to Section 151 of the General Corporation Law

    of
      the
      State of Delaware

     

    The
      undersigned, Kathleen L. Quirk, Executive Vice President, Chief Financial
      Officer and Treasurer of Freeport-McMoRan Copper & Gold Inc., a Delaware
      corporation (hereinafter called the “Corporation”),
      does
      hereby certify that the Board of Directors of the Corporation (the “Board
      of Directors”),
      pursuant to the provisions of Sections 103 and 151 of the General Corporation
      Law of the State of Delaware, hereby makes this Certificate of Designations
      (this “Certificate”)
      and
      hereby states and certifies that pursuant to the authority expressly vested
      in
      the Board of Directors by the Amended and Restated Certificate of Incorporation
      of the Corporation (as such may be amended, modified or restated from time
      to
      time, the “Amended
      and Restated Certificate of Incorporation”),
      the
      Board of Directors duly adopted the following resolutions:

     

    RESOLVED,
      that, pursuant to Article 4 of the Amended and Restated Certificate of
      Incorporation (which authorizes 50,000,000 shares of Preferred Stock, par value
      $0.10 per share (the “Preferred
      Stock”)),
      and
      the authority conferred on the Board of Directors, the Board of Directors hereby
      fixes the powers, designations, preferences and relative, participating,
      optional and other special rights, and the qualifications, limitations and
      restrictions, of a series of Preferred Stock.

     

    RESOLVED,
      that each share of such series of new Preferred Stock shall rank equally in
      all
      respects and shall be subject to the following provisions:

     

    (1)
      Number
      and Designation.
      Pursuant
      to the Amended and Restated Certificate of Incorporation, 28,750,000 shares
      (including 3,750,000 shares subject to the underwriters’ over-allotment option)
      of the Preferred Stock of the Corporation shall be designated as “6 3/4%
      Mandatory Convertible Preferred Stock” (the “Convertible
      Preferred Stock”).

     

    (2)
      Certain
      Definitions.
      As used
      in this Certificate, the following terms shall have the meanings defined in
      this
      Section 2. Any capitalized term not otherwise defined herein shall have the
      meaning set forth in the Amended and Restated Certificate of Incorporation,
      unless the context otherwise requires:

     

    “5
      1/2% Convertible Perpetual Preferred Stock”
means
      the series of preferred stock, par value $0.10 per share, of the Corporation,
      designated as the “5 1/2% Convertible Perpetual Preferred Stock.”

     

    “Affiliate”
shall
      have the meaning given to that term in Rule 405 of the

     

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Securities
      Act of 1933, as amended, or any successor rule thereunder.

     

    “Agent
      Members”
shall
      have the meaning set forth in Section 17(a) hereof.

     

    “Amended
      and Restated Certificate of Incorporation”
shall
      have the meaning set forth in the recitals.

     

    “Applicable
      Market Value”
means
      the average of the Daily Closing Price per share of Common Stock on each of
      the
      20 consecutive Trading Days ending on the third Trading Day immediately
      preceding the Mandatory Conversion Date.

     

    “Board
      Of Directors”
means
      the board of directors of the Corporation or, with respect to any action to
      be
      taken by the board of directors, any committee of the board of directors duly
      authorized to take such action.

     

    “Business
      Day”
means
      any day other than a Saturday or Sunday or any other day on which commercial
      banks in The City of New York are authorized or required by law or executive
      order to close.

     

    “Cash
      Acquisition”
means
      the consummation of any acquisition (whether by means of a liquidation, share
      exchange, tender offer, consolidation, recapitalization, reclassification,
      merger of the Corporation, or any sale, lease or other transfer of the
      consolidated assets of the Corporation and its subsidiaries) or a series of
      related transactions or events pursuant to which 90% or more of the
      Corporation’s Common Stock is exchanged for, converted into or constitutes
      solely the right to receive cash, securities or other property more than 10%
      of
      which consists of cash or securities or other property that are not, or upon
      issuance shall not be, traded on the New York Stock Exchange or quoted on the
      Nasdaq National Market.

     

    “Cash
      Acquisition Conversion”
shall
      have the meaning set forth in Section 10(a) hereof.

     

    “Cash
      Acquisition Conversion Date”
means
      the effective date of any Cash Acquisition Conversion of Convertible Preferred
      Stock pursuant to Section 10 hereof. 

     

    “Cash
      Acquisition Conversion Notice”
shall
      have the meaning set forth in Section 10(b) hereof.

     

    “Cash
      Acquisition Conversion Period”
shall
      have the meaning set forth in Section 10(a) hereof.

     

    “Cash
      Acquisition Conversion Rate”
means
      the Conversion Rate set forth in the table below for the applicable effective
      date of the Cash Acquisition and the applicable Cash Acquisition Stock Price
      (as
      Cash Acquisition Stock Prices in the column headings for the table below are
      adjusted pursuant to Section 14 hereof):

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	 	
              Stock
                Price on Effective
                Date 

            

    

    
      
        	
                Effective
                  Date

              	
                $20.00

              	
                $30.00

              	
                $40.00

              	
                $50.00

              	
                $61.25

              	
                $67.38

              	
                $73.50

              	
                $80.00

              	
                $90.00

              	
                $100.00

              	
                $125.00

              	
                $150.00

              	
                $300.00

              
	
                March
                  28, 2007

              	
                1.3050

              	
                1.3652

              	
                1.3726

              	
                1.3658

              	
                1.3554

              	
                1.3502

              	
                1.3457

              	
                1.3416

              	
                1.3368

              	
                1.3334

              	
                1.3291

              	
                1.3281

              	
                1.3347

              
	
                May
                  1, 2008

              	
                1.4252

              	
                1.4606

              	
                1.4508

              	
                1.4281

              	
                1.4026

              	
                1.3907

              	
                1.3806

              	
                1.3717

              	
                1.3611

              	
                1.3536

              	
                1.3436

              	
                1.3403

              	
                1.3435

              
	
                May
                  1, 2009

              	
                1.5291

              	
                1.5508

              	
                1.5363

              	
                1.4993

              	
                1.4529

              	
                1.4306

              	
                1.4117

              	
                1.3954

              	
                1.3772

              	
                1.3653

              	
                1.3520

              	
                1.3489

              	
                1.3517

              
	
                May
                  1, 2010

              	
                1.6327

              	
                1.6327

              	
                1.6327

              	
                1.6327

              	
                1.6327

              	
                1.4842

              	
                1.3605

              	
                1.3605

              	
                1.3605

              	
                1.3605

              	
                1.3605

              	
                1.3605

              	
                1.3605

              

      

    

    

    If
      the
      Cash Acquisition Stock Price is in excess of $300.00 per share (as such amount
      is adjusted from time to time), then the Cash Acquisition Conversion Rate shall
      be the Minimum Conversion Rate. If the Cash Acquisition Stock Price is less
      than
      $20.00 per share (as such amount is adjusted from time to time), then the Cash
      Acquisition Conversion Rate shall be the Maximum Conversion Rate (as such amount
      is adjusted from time to time). 

     

    If
      the
      effective date falls between the dates set forth under the heading “Effective
      Date” in the table above, or if the Cash Acquisition Stock Price falls between
      two amounts set forth in the table above, the Cash Acquisition Conversion Rate
      shall be determined by straight-line interpolation between the Cash Acquisition
      Conversion Rates set forth for the higher and lower Cash Acquisition Stock
      Prices and effective dates, as applicable, based on a 365 day year.

     

    “Cash
      Acquisition Stock Price”
means
      the consideration paid per share of Common Stock in a Cash Acquisition. If
      such
      consideration consists only of cash, the Cash Acquisition Stock Price shall
      equal the amount of cash paid per share. If such consideration consists of
      any
      property other than cash, the Cash Acquisition Stock Price shall be the average
      Daily Closing Price per share of the Common Stock on each of the 10 consecutive
      Trading Days up to, but not including, the effective date of the Cash
      Acquisition.

     

    “Certificate”
shall
      have the meaning set forth in the recitals.

     

    “Common
      Stock”
as
      used
      in this Certificate means the Corporation’s common stock, par value $0.10 per
      share, as the same exists at the date of filing of this Certificate relating
      to
      the Convertible Preferred Stock, or any other class of stock resulting from
      successive changes or reclassifications of such common stock consisting solely
      of changes in par value, or from par value to no par value, or from no par
      value
      to par value. 

     

    “Corporation”
shall
      have the meaning set forth in the recitals.

     

    “Conversion
      Date”
shall
      have the meaning set forth in Section 11(a) hereof.

     

    “Conversion
      Rate”
shall
      have the meaning set forth in Section 8(b) hereof.

     

    
      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

    

    

    “Convertible
      Preferred Stock”
shall
      have the meaning set forth in Section 1 hereof.

     

    “Corporate
      Trust Office”
means
      the principal corporate trust office of the Transfer Agent at which, at any
      particular time, its corporate trust business shall be
      administered.

     

    “Current
      Market Price”
per
      share of Common Stock on any date means the average of the Daily Closing Price
      for the five consecutive Trading Days preceding the earlier of the day preceding
      the date in question and the day before the “ex-date” with respect to the
      issuance or distribution requiring such computation. The term “ex-date,” when
      used with respect to any issuance or distribution, means the first date on
      which
      shares of the Common Stock trade without the right to receive the issuance
      or
      distribution. For the purposes of determining the adjustment to the Conversion
      Rate pursuant to Section 14(a)(iv)(B) hereof the Current Market Price per share
      of Common Stock means the average of the Daily Closing Price on each of the
      first ten consecutive Trading Days commencing on and including the fifth Trading
      Day following the “ex-date” for such distribution.

     

    “Daily
      Closing Price”
of
      the
      Common Stock or any securities distributed in a Spin-Off, as the case may be,
      means, as of any date of determination, the closing sale price or, if no closing
      sale price is reported, the last reported sale price, of shares of the Common
      Stock or such other securities on the New York Stock Exchange on that date.
      If
      the Common Stock or such other securities are not then traded on the New York
      Stock Exchange on any date of determination, the Daily Closing Price of the
      Common Stock or such securities on any date of determination means the closing
      sale price as reported in the composite transactions for the principal U.S.
      national or regional securities exchange on which the Common Stock or such other
      securities are so listed or quoted, or if the Common Stock or such securities
      are not so listed or quoted on a U.S. national or regional securities exchange,
      as reported by the Nasdaq stock market, or, if no closing price for the Common
      Stock or such securities is so reported, the last quoted bid price for the
      Common Stock or such securities in the over-the-counter market as reported
      by
      the National Quotation Bureau or similar organization, or, if that bid price
      is
      not available, the market price of the Common Stock or such securities on that
      date as determined by a nationally recognized independent investment banking
      firm retained for this purpose by the Corporation. For the purposes of this
      Certificate, all references herein to the closing sale price and the last
      reported sale price of the Common Stock on the New York Stock Exchange shall
      be
      such closing sale price and last reported sale price as reflected on the website
      of the New York Stock Exchange (www.nyse.com) and as reported by Bloomberg
      Professional Service; provided
      that in
      the event that there is a discrepancy between the closing price and the last
      reported sale price as reflected on the website of the New York Stock Exchange
      and as reported by Bloomberg Professional Service, the closing sale price and
      the last reported sale price on the website of the New York Stock Exchange
      shall
      govern.

     

    “Depositary”
means
      DTC or its nominee or any successor appointed by the Corporation.

     

    
      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

    

    

    “Dividend
      Payment Date”
means
      (i) the 1st calendar day of February, May, August and November of each year,
      or
      the following Business Day if such day is not a Business Day, prior to the
      Mandatory Conversion Date and (ii) the Mandatory Conversion Date.

     

    “Dividend
      Period”
means
      the period ending on the day before a Dividend Payment Date and beginning on
      the
      preceding Dividend Payment Date or, if there is no preceding Dividend Payment
      Date, on the Issue Date.

     

    “Dividend
      Rate”
shall
      have the meaning set forth in Section 4 hereof.

     

    “Dividend
      Threshold Amount”
shall
      have the meaning set forth in Section 14(a)(v) hereof.

     

    “DTC”
means
      The Depository Trust Corporation.

     

    “Early
      Conversion”
shall
      have the meaning set forth in Section 9(a) hereof.

     

    “Early
      Conversion Date”
shall
      have the meaning set forth in Section 9(e).

     

    “Electing
      Share”
shall
      have the meaning set forth in Section 14(e) hereof.

     

    “Exchange
      Property”
shall
      have the meaning set forth in Section 14(e) hereof.

     

    “Expiration
      Time”
shall
      have the meaning set forth in Section 14(a)(vi) hereof.

     

    “Fair
      Market Value”
means
      (a) in the case of any Spin-Off, the fair market value of the portion of those
      shares of capital stock or similar equity interests so distributed applicable
      to
      one share of Common Stock as of the fifteenth Trading Day after the “ex-date”
for such Spin-Off, and (b) in all other cases the fair market value as
      determined in good faith by the Board of Directors, whose determination shall
      be
      conclusive and described in a resolution of the Board of Directors.

     

    “Fixed
      Conversion Rates”
means
      the Maximum Conversion Rate and the Minimum Conversion Rate.

     

    “Global
      Preferred Share”
shall
      have the meaning set forth in Section 17 hereof.

     

    “Global
      Shares Legend”
shall
      have the meaning set forth in Section 17 hereof.

     

    “Holder”
means
      the person in whose name the shares of the Convertible Preferred Stock are
      registered, which may be treated by the Corporation and the
      Transfer

     

    
      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

    

    

    Agent
      as
      the absolute owner of the shares of Convertible Preferred Stock for the purpose
      of making payment and settling conversions and for all other
      purposes.

     

    “Initial
      Price”
shall
      have the meaning set forth in Section 8(b) hereof.

     

    “Issue
      Date”
shall
      mean March 28, 2007, the original date of issuance of the Convertible
      Preferred Stock.

     

    “Junior
      Stock”
means
      the Corporation’s Common Stock and each other class of capital stock or series
      of preferred stock established after the Issue Date, the terms of which do
      not
      expressly provide that such class or series ranks senior to or on a parity
      with
      the Convertible Preferred Stock as to dividend rights or rights upon the
      Corporation’s liquidation, winding-up or dissolution.

     

    “Liquidation
      Preference”
means,
      as to the Convertible Preferred Stock, $100.00 per share.

     

    “Mandatory
      Conversion Date”
means
      May 1, 2010.

     

    “Maximum
      Conversion Rate”
shall
      have the meaning set forth in Section 8(b)(iii) hereof.

     

    “Minimum
      Conversion Rate”
shall
      have the meaning set forth in Section 8(b)(i) hereof.

     

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

     

    “Officer’s
      Certificate”
means
      a
      certificate of the Corporation, signed by any duly authorized Officer of the
      Corporation.

     

    “Parity
      Stock”
means
      the Corporation’s Series A Participating Cumulative Preferred Stock, if any, and
      its outstanding 5 1/2% Convertible Perpetual Preferred Stock and any class
      of
      capital stock or series of preferred stock established after the Issue Date,
      the
      terms of which expressly provide that such class or series shall rank on a
      parity with the Convertible Preferred Stock as to dividend rights or rights
      upon
      liquidation, winding-up or dissolution.

     

    “Person”
means
      a
      legal person, including any individual, corporation, estate, partnership, joint
      venture, association, joint-stock company, limited liability company or
      trust.

     

    “Purchased
      Shares”
shall
      have the meaning set forth in Section 14(a)(vi) hereof.

     

    “Record
      Date”
means
      the later of (i) the 15th calendar day (whether or not such calendar day is
      a
      Business Day) of the calendar month immediately prior to the

     

    
      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

    

    

    month
      in
      which the applicable Dividend Payment Date falls and (ii) the close of business
      on the day on which the Board of Directors, or an authorized committee of the
      Board of Directors, declares the dividend payable.

     

    “Record
      Holder”
means
      the Holder of record of the Convertible Preferred Stock as they appear on the
      stock register of the Corporation at the close of business on a Record
      Date.

     

    “Reorganization
      Event”
shall
      have the meaning set forth in Section 14(e) hereof.

     

    “Senior
      Stock”
means
      any class of capital stock or series of preferred stock established after the
      Issue Date, the terms of which expressly provide that such class or series
      shall
      rank senior to the Convertible Preferred Stock as to dividend rights or rights
      upon liquidation, winding-up or dissolution.

     

    “Series
      A Participating Cumulative Preferred Stock”
means
      the series of preferred stock, par value $0.10 per share, of the Corporation,
      designated as the “Series A Participating Cumulative Preferred
      Stock.”

     

    “Shelf
      Registration Statement”
shall
      mean shelf registration statement filed with the Securities and Exchange
      Commission to cover resales of shares of Common Stock by holders thereof, as
      described under Section 4A(f).

     

    “Spin-Off”
means
      a
      dividend or other distribution of shares of capital stock of any class or
      series, or similar equity interests, of or relating to a subsidiary or other
      business unit of the Corporation.

     

    “Threshold
      Appreciation Price”
shall
      have the meaning set forth in Section 8(b) hereof.

     

    “Trading
      Day”
means
      a
      day on which the Common Stock:

     

    (a)
      is not
      suspended from trading on any national or regional securities exchange or
      association or over-the-counter market at the close of business;
      and

     

    (b)
      has
      traded at least once on the national or regional securities exchange or
      association or over-the-counter market that is the primary market for the
      trading of the Common Stock.

     

    “Transfer
      Agent”
shall
      mean Mellon Investor Services LLC, the Corporation’s duly appointed transfer
      agent, registrar, redemption, conversion and dividend disbursing agent for
      the
      Convertible Preferred Stock. The Corporation may, in its sole discretion, remove
      the Transfer Agent with 10 days’ prior notice to the Transfer Agent;
provided,
      that the
      Corporation shall appoint a successor Transfer Agent who shall accept such
      appointment prior to the effectiveness of such removal.

     

    “Voting
      Rights Class”
shall
      have the meaning set forth in Section 6

     

    
      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

    

    

    hereof.

     

    “Voting
      Rights Triggering Event”
shall
      mean the failure of the Corporation to pay dividends on the Convertible
      Preferred Stock with respect to six or more Dividend Periods (whether or not
      consecutive).

     

    (3)
      Ranking.
      The
      Convertible Preferred Stock shall, with respect to both dividend rights and
      rights upon the liquidation, winding-up or dissolution of the Corporation,
      rank
      on a parity with the Series A Participating Cumulative Preferred Stock, if
      any, and the 5 1/2% Convertible Perpetual Preferred Stock and the Convertible
      Preferred Stock will, with respect to dividend rights or rights upon the
      liquidation, winding-up or dissolution of the Corporation rank (i) senior
      to all Junior Stock, (ii) on parity with Parity Stock and (iii) junior
      to all Senior Stock.

     

    (4)
      Dividends.
      (a)
      Holders
      of shares of outstanding Convertible Preferred Stock shall be entitled, when,
      as
      and if declared by the Board of Directors out of funds of the Corporation
      legally available therefor, to receive cumulative dividends at the rate per
      annum of 6.75% per share on the Liquidation Preference (equivalent to $6.75
      per
      annum per share), payable quarterly in arrears (the “Dividend
      Rate”).
      Dividends payable for each full Dividend Period will be computed by dividing
      the
      Dividend Rate by four and shall be payable in arrears on each Dividend Payment
      Date (commencing August 1, 2007) for the Dividend Period ending immediately
      prior to such Dividend Payment Date, to the holders of record of Convertible
      Preferred Stock on the close of business on the Record Date applicable to such
      Dividend Payment Date. Such dividends shall be cumulative from the most recent
      date as to which dividends shall have been paid or, if no dividends have been
      paid, from the Issue Date, whether or not in any Dividend Period or periods
      there shall be funds of the Corporation legally available for the payment of
      such dividends and shall accrue on a day-to-day basis, whether or not earned
      or
      declared, from and after the Issue Date. Dividends payable for any period other
      than a full Dividend Period, including the initial Dividend Period ending
      immediately prior to August 1, 2007, shall be computed on the basis of days
      elapsed over a 360-day year consisting of twelve 30-day months. Accumulations
      of
      dividends on shares of Convertible Preferred Stock shall not bear interest.
      The
      initial dividend on the Convertible Preferred Stock for the first Dividend
      Period, commencing on the Issue Date (assuming an Issue Date of March 28,
      2007), to but excluding August 1, 2007, will be $2.30625 per share, and
      when, as and if declared, will be payable, when and if declared on
      August 1, 2007, provided
      that the
      Corporation is legally permitted to pay such dividends at such time. Each
      subsequent quarterly dividend on the Convertible Preferred Stock, when, as
      and
      if declared, will be $1.6875 per share, subject to adjustment as provided for
      in
      Section 18(c).

     

    (b)
      No
      dividend shall be declared or paid upon, or any sum set apart for the payment
      of
      dividends upon, any outstanding share of the Convertible Preferred Stock with
      respect to any Dividend Period unless all dividends for all preceding Dividend
      Periods shall have been declared and paid or declared and a sufficient sum
      or
      number of shares of Common Stock shall have been set apart for the payment
      of
      such dividend, upon all outstanding shares of Convertible Preferred
      Stock.

     

    
      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

    

    

    (c)
      Holders of shares of Convertible Preferred Stock shall not be entitled to any
      dividends on the Convertible Preferred Stock, whether payable in cash, property
      or stock, in excess of full cumulative dividends. No interest, or sum of money
      in lieu of interest, shall be payable in respect of any dividend payment or
      payments on the Convertible Preferred Stock which may be in
      arrears.

     

    (4A)
      Method
      of Payment of Dividends.
      (a)
      Subject to paragraph (e) below, dividends (or any portion of any dividend)
      on the Convertible Preferred Stock, whether or not for a current Dividend Period
      or any prior Dividend Period (including in connection with the payment of
      accrued, accumulated and unpaid dividends to the extent required to be paid
      pursuant to Section 8, 9 or 10), may be paid, as determined in the
      Corporation’s sole discretion:

     

    (i)
      in
      cash;

     

    (ii)
      by
      delivery of shares of Common Stock; or

     

    (iii)
      through any combination of cash and Common Stock.

     

    (b)
      Common
      Stock issued in payment or partial payment of a dividend shall be valued for
      such purpose at 97% of the average of the Daily Closing Price per share of
      Common Stock on each of the five consecutive Trading Days ending on the second
      Trading Day immediately preceding (a) the applicable Dividend Payment Date,
      in
      respect of a dividend payable on any such date or (b) the applicable Early
      Conversion Date or Cash Acquisition Conversion Date, in respect of a dividend
      payment on such date.

     

    (c)
      Dividend payments on the Convertible Preferred Stock shall be made in cash,
      except to the extent the Corporation elects to make all or any portion of such
      payment in Common Stock by giving notice to Holders thereof of such election
      and
      the portion of such payment that shall be made in cash and the portion of such
      payment that shall be made in Common Stock no later than 10 Trading Days prior
      to the Dividend Payment Date for such dividend.

     

    (d)
      No
      fractional shares of Common Stock shall be delivered to Holders in payment
      or
      partial payment of a dividend. A cash adjustment shall be paid to each Holder
      that would otherwise be entitled to a fraction of a share of Common Stock.
      Any
      portion of any such payment that is declared and not paid through the delivery
      of Common Stock shall be paid in cash.

     

    (e)
      Notwithstanding the foregoing, in no event shall the number of shares of Common
      Stock delivered in connection with any dividend payment made in connection
      with
      a conversion exceed an amount equal to the total dividend payment divided by
      $20.42, subject to adjustment in the same manner (but on an inversely
      proportional basis) as each Fixed Conversion Rate as set forth in
      Section 14 hereof. To the extent the Corporation does not deliver shares of
      Common Stock as a result of this paragraph (e), the Corporation may,
      notwithstanding any notice by it to the contrary, pay the remaining declared
      and
      unpaid dividends in cash.

     

    (f)
      To the
      extent that the Corporation determines that a Shelf Registration Statement
      is
      required in connection with the issuance of, or for resales of, Common Stock
      issued as payment of a dividend, including dividends paid in connection with
      a

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    conversion,
      the Corporation shall, to the extent such a Shelf Registration Statement is
      not
      currently filed and effective, use its reasonable best efforts to file and
      maintain the effectiveness of such a Shelf Registration Statement until the
      earlier of such time as all sales of Common Stock have been resold thereunder
      and such time as all such shares are freely tradeable without
      registration.

     

    (5)
      Payment
      Restrictions. (a)Unless
      all
      accrued, cumulated and unpaid dividends on the Convertible Preferred Stock
      for
      all prior Dividend Periods shall have been paid in full, the Corporation may
      not:

     

    (i)
      declare or pay any dividend or make any distribution of assets on any Junior
      Stock, other than dividends or distributions in the form of Junior Stock and
      cash solely in lieu of fractional shares in connection with any such dividend
      or
      distribution;

     

    (ii)
      redeem, purchase or otherwise acquire any shares of Junior Stock or pay or
      make
      any monies available for a sinking fund for such shares of Junior Stock, other
      than (A) upon conversion or exchange for other Junior Stock or (B) the
      purchase of fractional interests in shares of any Junior Stock pursuant to
      the
      conversion or exchange provisions of such Junior Stock;

     

    (iii)
      declare or pay any dividend or make any distribution of assets on any shares
      of
      Parity Stock, other than dividends or distributions in the form of Parity Stock
      or Junior Stock and cash solely in lieu of fractional shares in connection
      with
      any such dividend or distribution; or

     

    (iv)
      redeem, purchase or otherwise acquire any shares of Parity Stock, except upon
      conversion into or exchange for other Parity Stock or Junior Stock and cash
      solely in lieu of fractional shares in connection with any such conversion
      or
      exchange.

     

    (b)
      When
      dividends are not paid in full upon the shares of Convertible Preferred Stock,
      all dividends declared on the Convertible Preferred Stock and any other Parity
      Stock shall be paid either (i) pro
      rata
      so that
      the amount of dividends so declared on the shares of Convertible Preferred
      Stock
      and each such other class or series of Parity Stock shall in all cases bear
      to
      each other the same ratio as accumulated dividends on the shares of Convertible
      Preferred Stock and such class or series of Parity Stock bear to each other
      or
      (ii) on another basis that is at least as favorable to the Holders of the
      Convertible Preferred Stock entitled to receive such dividends.

     

    (6)
      Voting
      Rights. (a)
      The
      Holders of the Convertible Preferred Stock shall have no voting rights except
      as
      set forth below or as otherwise required by Delaware law from time to
      time:

     

    (i)
      If
      and
      whenever at any time or times a Voting Rights Triggering Event occurs, then
      the
      Holders of shares of Convertible Preferred Stock, voting as a

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    single
      class with any Parity Stock having similar voting rights that are exercisable,
      including the Series A Participating Cumulative Preferred Stock, if any, and
      the
      5 1/2% Convertible Perpetual Preferred Stock (the “Voting
      Rights Class”),
      shall
      be entitled at the Corporation’s next regular or special meeting of shareholders
      of the Corporation to elect two additional directors to the Corporation’s Board
      of Directors. Upon the election of any such additional directors, the number
      of
      directors that comprise the Board of Directors shall be increased by such number
      of additional directors.

     

    (ii)
      Such
      voting rights may be exercised at a special meeting of the holders of the shares
      of the Voting Rights Class, called as hereinafter provided, or at any annual
      meeting of shareholders held for the purpose of electing directors, and
      thereafter at each such annual meeting until such time as all dividends in
      arrears on the shares of Convertible Preferred Stock shall have been paid in
      full, at which time or times such voting rights and the term of the directors
      elected pursuant to Section 6(a)(i) shall terminate. 

     

    (iii)
      At
      any time when voting rights pursuant to Section 6(a)(i) shall have vested and
      be
      continuing in Holders of the Convertible Preferred Stock, or if a vacancy shall
      exist in the office of any such additional director, the Board of Directors
      may
      call, and, upon written request of the Holders of record of at least twenty-five
      percent (25%) of the outstanding Convertible Preferred Stock, addressed to
      the
      chairman of the Board of Directors, shall call a special meeting of the holders
      of shares of the Voting Rights Class (voting as a single class) for the purpose
      of electing the directors, that such holders are entitled to elect. Such meeting
      shall be held at the earliest practicable date upon the notice required for
      annual meetings of shareholders at the place for holding annual meetings of
      shareholders of the Corporation, or, if none, at a place designated by the
      Board
      of Directors. Notwithstanding the provisions of this Section 6(a)(iii), no
      such special meeting shall be called during a period within the 60 days
      immediately preceding the date fixed for the next annual meeting of shareholders
      in which such case, the election of directors pursuant to Section 6(a)(i)
      shall be held at such annual meeting of shareholders.

     

    (iv)
      At
      any meeting at which the holders of the Voting Rights Class shall have the
      right
      to elect directors as provided herein, the presence in person or by proxy of
      the
      holders of shares representing more than fifty percent (50%) in voting power
      of
      the then outstanding shares of the Voting Rights Class shall be required and
      shall be sufficient to constitute a quorum of such class for the election of
      directors by such class. The affirmative vote of the holders of the Voting
      Rights Class constituting a majority of the Voting Rights Class present at
      such
      meeting, in person or by proxy, shall be sufficient to elect any such
      director.

     

    (v)
      Any
      director elected pursuant to the voting rights created under this Section 6(a)
      shall hold office until the next annual meeting of shareholders (unless such
      term has previously terminated pursuant to Section 6(a)(ii)) and any
      vacancy in respect of any such director shall be filled only by vote of the
      remaining

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    director
      so elected by holders of the Voting Rights Class, or if there be no such
      remaining director, by the holders of shares of the Voting Rights Class at
      a
      special meeting called in accordance with the procedures set forth in this
      Section 6(a), or, if no such special meeting is called, at the next annual
      meeting of shareholders. Upon any termination of such voting rights, the term
      of
      office of all directors elected pursuant to this Section 6(a) shall
      terminate.

     

    (vi)
      So
      long as any shares of Convertible Preferred Stock remain outstanding, unless
      a
      greater percentage shall then be required by law, the Corporation shall not,
      without the affirmative vote or consent of the holders of at least 66 2/3%
      of
      the outstanding shares of Convertible Preferred Stock and all other shares
      of
      the Voting Rights Class, voting as a single class, in person or by proxy, at
      an
      annual meeting of the Corporation’s shareholders or at a special meeting called
      for such purpose, or by written consent in lieu of such meeting, alter, repeal
      or amend, whether by merger, consolidation, combination, reclassification or
      otherwise, any provisions of the Corporation’s Amended and Restated Certificate
      of Incorporation or this Certificate if the amendment would amend, alter or
      affect the powers, preferences or rights of the Convertible Preferred Stock
      so
      as to adversely affect the Holders thereof, including, without limitation,
      the
      creation of, increase in the authorized number of, or issuance of, shares of
      any
      class or series of Senior Stock.

     

    (vii)
      In
      exercising the voting rights set forth in this Section 6(a), each share of
      Convertible Preferred Stock and any other shares of the Voting Rights Class
      participating in the votes described above shall be in proportion to the
      liquidation preference of such share. In all cases in which the Holders of
      Convertible Preferred Stock shall be entitled to vote as a single class with
      holders of other shares of the Voting Rights Class with a liquidation preference
      of $1,000, Holders of each share of Convertible Preferred Stock shall be
      entitled to one-tenth of one vote (which shall be aggregated among all votes
      cast by Holders of Convertible Preferred Stock).

     

    (b)
      The
      Corporation may authorize, increase the authorized amount of, or issue any
      class
      or series of Parity Stock or Junior Stock, without the consent of the Holders
      of
      Convertible Preferred Stock, and in taking such actions the Corporation shall
      not be deemed to have affected adversely the rights, preferences, privileges
      or
      voting rights of Holders of shares of Convertible Preferred Stock.

     

    (7)
      Liquidation,
      Dissolution or Winding-Up. (a)
      In
      the
      event of any liquidation, winding-up or dissolution of the Corporation, whether
      voluntary or involuntary, each Holder of Convertible Preferred Stock shall
      be
      entitled to receive and to be paid out of the assets of the Corporation
      available for distribution to its shareholders, the Liquidation Preference
      plus
      all accumulated and unpaid dividends thereon in preference to the holders of,
      and before any payment or distribution is made on, any Junior Stock, including,
      without limitation, Common Stock.

     

    (b)
      Neither the sale, conveyance, exchange or transfer (for cash, shares
      of

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    stock,
      securities or other consideration) of all or substantially all the assets or
      business of the Corporation (other than in connection with the liquidation,
      winding-up or dissolution of its business) nor the merger or consolidation
      of
      the Corporation into or with any other Person shall be deemed to be a
      liquidation, winding-up or dissolution, voluntary or involuntary, for the
      purposes of this Section 7.

     

    (c)
      After
      the payment to the Holders of the shares of Convertible Preferred Stock of
      full
      preferential amounts provided for in this Section 7, the Holders of Convertible
      Preferred Stock as such shall have no right or claim to any of the remaining
      assets of the Corporation.

     

    (d)
      If
      upon the voluntary or involuntary liquidation, winding-up or dissolution of
      the
      Corporation, the amounts payable with respect to the Liquidation Preference
      of
      the Convertible Preferred Stock and all Parity Stock are not paid in full,
      the
      holders of the Convertible Preferred stock and the Parity Stock will share
      equally and ratable in any distribution of the Corporation’s assets in
      proportion to the full Liquidation Preference and accumulated and unpaid
      dividends to which such holders are entitled. 

     

    (8)
      Mandatory
      Conversion on the Mandatory Conversion Date. (a)
      Each
      share
      of Convertible Preferred Stock shall automatically convert (unless previously
      converted at the option of the Holder in accordance with Section 9 hereof or
      pursuant to an exercise of a Cash Acquisition Conversion right pursuant to
      Section 10 hereof) on the Mandatory Conversion Date, into a number of
      shares of Common Stock equal to the Conversion Rate.

     

    (b)
      The
“Conversion
      Rate”
shall
      be
      as follows:

     

    (i)
      if the
      Applicable Market Value of the Common Stock is equal to or greater than $73.50
      (the “Threshold
      Appreciation Price”),
      then
      the Conversion Rate shall be equal to 1.3605 shares of Common Stock per share
      of
      Convertible Preferred Stock (the “Minimum
      Conversion Rate”),
      which
      is equal to $100.00 (appropriately adjusted for stock splits, contributions,
      reclassifications or other similar events involving the Convertible Preferred
      Stock) divided by the Threshold Appreciation Price;

     

    (ii)
      if
      the Applicable Market Value of the Common Stock is less than the Threshold
      Appreciation Price but greater than $61.25 (the “Initial
      Price”),
      then
      the Conversion Rate shall be equal to $100.00 (appropriately adjusted for stock
      splits, contributions, reclassifications or other similar events involving
      the
      Convertible Preferred Stock) divided by the Applicable Market Value of the
      Common Stock; or

     

    (iii)
      if
      the Applicable Market Value of the Common Stock is less than or equal to the
      Initial Price, then the Conversion Rate shall be equal to 1.6327 shares of
      Common Stock per share of Convertible Preferred Stock (the “Maximum
      Conversion Rate”),
      which
      is equal to $100.00 (appropriately adjusted for stock splits, contributions,
      reclassifications or other similar events involving the

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    Convertible
      Preferred Stock) divided by the Initial Price. 

     

    (c)
      The
      Minimum Conversion Rate, the Maximum Conversion Rate, the Threshold Appreciation
      Price and the Initial Price are each subject to adjustment in accordance with
      the provisions of Section 14 hereof.

     

    (d)
      The
      Holders of Convertible Preferred Stock on the Mandatory Conversion Date shall
      have the right to receive an amount equal to all accrued, cumulated and unpaid
      dividends on the Convertible Preferred Stock, whether or not declared prior
      to
      that date, for the then current Dividend Period ending on the Mandatory
      Conversion Date and all prior Dividend Periods (other than previously declared
      dividends on the Convertible Preferred Stock payable to Holders of record as
      of
      a prior date), provided
      that the
      Corporation is legally permitted to pay such dividends at such
      time.

     

    (9)
      Early
      Conversion at the Option of the Holder. (a)
      Other
      than
      during the Cash Acquisition Conversion Period, shares of the Convertible
      Preferred Stock are convertible, in whole or in part, at the option of the
      Holder thereof (“Early
      Conversion”)
      at any
      time prior to the Mandatory Conversion Date, into shares of Common Stock at
      the
      Minimum Conversion Rate, subject to adjustment as set forth in Section 14
      hereof.

     

    (b)
      Any
      written notice of conversion pursuant to this Section 9 shall be duly
      executed by the Holder, and specify:

     

    (i)
      the
      number of shares of Convertible Preferred Stock to be converted;

     

    (ii)
      the
      name(s) in which such Holder desires the shares of Common Stock issuable upon
      conversion to be registered and whether such shares of Common Stock are to
      be
      issued in book-entry or certificated form (subject to compliance with applicable
      legal requirements if any of such certificates are to be issued in a name other
      than the name of the Holder);

     

    (iii)
      if
      certificates are to be issued, the address to which such Holder wishes delivery
      to be made of such new certificates to be issued upon such conversion; and
      

     

    (iv)
      any
      other transfer forms, tax forms or other relevant documentation required and
      specified by the Transfer Agent, if necessary, to effect the
      conversion.

     

    (c)
      If
      specified by the Holder in the notice of conversion that shares of Common Stock
      issuable upon conversion of the Convertible Preferred Stock shall be issued
      to a
      person other than the Holder surrendering the shares of Convertible Preferred
      Stock being converted, the Holder shall pay or cause to be paid any transfer
      or
      similar taxes payable in connection with the shares of Common Stock so
      issued.

     

    (d)
      Upon
      receipt by the Transfer Agent of a completed and duly executed notice of
      conversion as set forth in Section 9(b), compliance with Section 9(c), if
      applicable, and surrender of a certificate representing share(s) of Convertible
      Preferred

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    Stock
      to
      be converted (if held in certificated form), the Corporation shall, within
      three
      Business Days or as soon as possible thereafter, issue and shall instruct the
      Transfer Agent to register the number of shares of Common Stock to which such
      Holder shall be entitled upon conversion in the name(s) specified by such Holder
      in the notice of conversion. If a Holder elects to hold its shares of Common
      Stock issuable upon conversion of the Convertible Preferred Stock in
      certificated form, the Corporation shall promptly send or cause to be sent,
      by
      hand delivery (with receipt to be acknowledged) or by first-class mail, postage
      prepaid, to the Holder thereof, at the address designated by such Holder in
      the
      written notice of conversion, a certificate or certificates representing the
      number of shares of Common Stock to which such Holder shall be entitled upon
      conversion. In the event that there shall have been surrendered a certificate
      or
      certificates representing shares of Convertible Preferred Stock, only part
      of
      which are to be converted, the Corporation shall issue and deliver to such
      Holder or such Holder’s designee in the manner provided in the immediately
      preceding sentence a new certificate or certificates representing the number
      of
      shares of Convertible Preferred Stock that shall not have been
      converted.

     

    (e)
      The
      issuance by the Corporation of shares of Common Stock upon a conversion of
      shares of Convertible Preferred Stock in accordance with the terms hereof shall
      be deemed effective immediately prior to the close of business on the day (the
      “Early
      Conversion Date”)
      of
      receipt by the Transfer Agent of the notice of conversion and other documents,
      if any, set forth in Section 9(b) hereof, compliance with Section 9(c), if
      applicable, and the surrender by such Holder or such Holder’s designee of the
      certificate or certificates representing the shares of Convertible Preferred
      Stock to be converted (if held in certificated form), duly assigned or endorsed
      for transfer to the Corporation (or accompanied by duly executed stock powers
      relating thereto).

     

    (f)
      A
      Holder of a share of Convertible Preferred Stock on the Early Conversion Date
      with respect to such share shall have the right to receive all accrued,
      cumulated and unpaid dividends, whether or not declared prior to that date,
      for
      all prior Dividend Periods ending on or prior to the Dividend Payment Date
      immediately preceding the Early Conversion Date (other than previously declared
      dividends on the Convertible Preferred Stock payable to Holders of record as
      of
      a prior date), provided
      that the
      Corporation is then legally permitted to pay such dividends. Except as described
      above, upon any optional conversion of the Convertible Preferred Stock, the
      Corporation shall make no payment or allowance for unpaid dividends on the
      Convertible Preferred Stock.

     

    (10)
      Cash
      Acquisition Conversion.
      (a)
      In
      the
      event of a Cash Acquisition, the Holders of the Convertible Preferred Stock
      shall have the right to convert their shares of Convertible Preferred Stock
      during a period (the “Cash
      Acquisition Conversion Period”)
      that
      begins on the effective date of such acquisition and ends on a date that is
      15
      days after such effective date, which period must end prior to the Mandatory
      Conversion Date (such right of the Holders to convert their shares pursuant
      to
      this Section 10(a) being the “Cash
      Acquisition Conversion”)
      at the
      Cash Acquisition Conversion Rate (as adjusted pursuant to Section
      14).

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    (b)
      On or
      before the twentieth day prior to the date on which the Corporation anticipates
      consummating the Cash Acquisition, a written notice (the “Cash
      Acquisition Conversion Notice”)
      shall
      be sent by or on behalf of the Corporation, by first-class mail, postage
      prepaid, to the Record Holders as they appear on the stock register of the
      Corporation. Such notice shall contain:

     

    (i)
      the
      date on which the Cash Acquisition is anticipated to be effected;

     

    (ii)
      whether Holders shall have Cash Acquisition Conversion rights in connection
      with
      such Cash Acquisition;

     

    (iii)
      if
      Holders have Cash Acquisition Conversion rights in connection with such Cash
      Acquisition, (A) the first date, which shall be the effective date of such
      Cash Acquisition, on which the Cash Acquisition Conversion right may be
      exercised and (B) the date, which shall be 15 days after the effective date
      of the Cash Acquisition, by which the Cash Acquisition Conversion right must
      be
      exercised;

     

    (iv)
      if
      Holders have Cash Acquisition Conversion rights in connection with such Cash
      Acquisition, whether the Corporation shall elect to pay any amount payable
      pursuant to Section 10(c) below in shares of Common Stock, cash or a combination
      cash and Common Stock; and

     

    (v)
      the
      instructions a Holder must follow to exercise the Cash Acquisition Conversion
      right, if any, in connection with such Cash Acquisition.

     

    (c)
      Upon
      any conversion pursuant to Section 10(a), in addition to issuing the Holders
      shares of Common Stock at the Cash Acquisition Conversion Rate, the Corporation
      shall either, 

     

    (i)
      pay
      the converting Holders in cash (A) an amount equal to any accumulated and unpaid
      dividends on the shares of Convertible Preferred Stock subject to such Cash
      Acquisition Conversion, whether or not declared (other than previously declared
      dividends on the Convertible Preferred Stock payable to Record Holders as of
      a
      prior date) and (B) the present value of all remaining dividend payments on
      the
      shares of Convertible Preferred Stock then outstanding through and including
      the
      Mandatory Conversion Date; provided
      that at
      such time the Corporation is then legally permitted to pay such dividends (the
      present value of the remaining future dividend payments shall be computed using
      a discount rate equal to 7.00%), or

     

    (ii)
      increase the number of shares of Common Stock issuable upon conversion of the
      Convertible Preferred Stock by an amount equal to (A) the amount set forth
      in
      clause (i) above, divided by (B) the Cash Acquisition Stock Price; provided,
      that, in
      no event shall the Corporation increase the number of shares of Common Stock
      to
      be issued in excess of the amount equal to the amount set forth in clause (i)
      above divided by

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    $20.42,
      subject to adjustment in the same manner as each Fixed Conversion Rate as set
      forth in Section 14 hereof.

     

    (d)
      To
      exercise a Cash Acquisition Conversion right, a Holder shall deliver to the
      Transfer Agent at its Corporate Trust Office, no earlier than the effective
      date
      of the Cash Acquisition, and no later than 5:00 p.m., New York City time on
      or
      before the date by which the Cash Acquisition Conversion right must be exercised
      as specified in the notice, the certificate(s) (if such shares are held in
      certificated form) evidencing the shares of Convertible Preferred Stock with
      respect to which the Cash Acquisition Conversion right is being exercised,
      duly
      assigned or endorsed for transfer to the Corporation, or accompanied by duly
      executed stock powers relating thereto, or in blank, with a written notice
      to
      the Corporation stating the Holder’s intention to convert early in connection
      with the Cash Acquisition containing the information set forth in Section 9(b)
      and providing the Corporation with payment instructions.

     

    (e)
      If a
      Holder does not elect to exercise the Cash Acquisition Conversion right pursuant
      to this Section 10, in lieu of shares of Common Stock, the Corporation shall
      deliver to such Holder on the Mandatory Conversion Date or an Early Conversion
      Date, such cash, securities and other property as determined in accordance
      with
      Section 14(e) hereof.

     

    (f)
      Upon a
      Cash Acquisition Conversion, the Transfer Agent shall, in accordance with the
      instructions provided by the Holder thereof in the written notice provided
      to
      the Corporation as set forth above, deliver to the Holder such cash and
      securities issuable upon such Cash Acquisition Conversion, together with payment
      of cash in lieu of any fraction of a share, as provided herein. Such delivery
      shall take place upon, and only to the extent of, the consummation of such
      Cash
      Acquisition Conversion.

     

    (g)
      In the
      event that a Cash Acquisition Conversion is effected with respect to shares
      of
      Convertible Preferred Stock representing less than all the shares of Convertible
      Preferred Stock held by a Holder, upon such Cash Acquisition Conversion the
      Corporation shall execute and the Transfer Agent shall countersign and deliver
      to the Holder thereof, at the expense of the Corporation, a certificate
      evidencing the shares of Convertible Preferred Stock as to which Cash
      Acquisition Conversion was not effected.

     

    (11)
      Conversion
      Procedures. a)
      On
      the
      Mandatory Conversion Date, the Cash Acquisition Conversion Date or any Early
      Conversion Date (collectively, a “Conversion
      Date”),
      dividends on any shares of Convertible Preferred Stock converted to Common
      Stock
      shall cease to accrue and cumulate, and such shares of Convertible Preferred
      Stock shall cease to be outstanding, in each case, subject to the right of
      Holders of such shares to receive shares of Common Stock into which such shares
      of Convertible Preferred Stock are convertible and any accrued, cumulated and
      unpaid dividends on such shares to which they are otherwise entitled pursuant
      to
      Section (8), (9) or (10) hereof, as applicable.

     

    (b)
      The
      person or persons entitled to receive the Common Stock issuable upon such
      conversion shall be treated for all purposes as the record holder(s) of
      such

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    shares
      of
      Common Stock as of the close of business on the applicable Conversion Date.
      No
      allowance or adjustment, except as set forth in Section 14, shall be made in
      respect of dividends payable to holders of Common Stock of record as of any
      date
      prior to such applicable Conversion Date. Prior to such applicable Conversion
      Date, shares of Common Stock issuable upon conversion of any shares of
      Convertible Preferred Stock shall not be deemed outstanding for any purpose,
      and
      Holders of shares of Convertible Preferred Stock shall have no rights with
      respect to the Common Stock (including voting rights, rights to respond to
      tender offers for the Common Stock and rights to receive any dividends or other
      distributions on the Common Stock) by virtue of holding shares of Convertible
      Preferred Stock.

     

    (c)
      Shares
      of Convertible Preferred Stock duly converted in accordance with this
      Certificate, or otherwise reacquired by the Corporation, shall resume the status
      of authorized and unissued Preferred Stock, undesignated as to series and
      available for future issuance.

     

    (d)
      In the
      event that a Holder of shares of Convertible Preferred Stock shall not by
      written notice designate the name in which shares of Common Stock to be issued
      upon conversion of such Convertible Preferred Stock should be registered or
      the
      address to which the certificate or certificates representing such shares of
      Common Stock should be sent, the Corporation shall be entitled to register
      such
      shares, and make such payment, in the name of the Holder of such Convertible
      Preferred Stock as shown on the records of the Corporation and to send the
      certificate or certificates representing such shares of Common Stock to the
      address of such Holder shown on the records of the Corporation.

     

    (12)
      Reservation
      of Common Stock. (a)
      The
      Corporation shall at all times reserve and keep available out of its authorized
      and unissued Common Stock or shares held in the treasury of the Corporation,
      solely for issuance upon the conversion of shares of Convertible Preferred
      Stock
      as herein provided, free from any preemptive or other similar rights, such
      number of shares of Common Stock as shall from time to time be issuable upon
      the
      conversion of all the shares of Convertible Preferred Stock then outstanding.
      For purposes of this Section 12(a), the number of shares of Common Stock that
      shall be deliverable upon the conversion of all outstanding shares of
      Convertible Preferred Stock shall be computed as if at the time of computation
      all such outstanding shares were held by a single Holder.

     

    (b)
      Notwithstanding the foregoing, the Corporation shall be entitled to deliver
      upon
      conversion of shares of Convertible Preferred Stock, as herein provided, shares
      of Common Stock reacquired and held in the treasury of the Corporation (in
      lieu
      of the issuance of authorized and unissued shares of Common Stock), so long
      as
      any such treasury shares are free and clear of all liens, charges, security
      interests or encumbrances (other than liens, charges, security interests and
      other encumbrances created by the Holders).

     

    (c)
      All
      shares of Common Stock delivered upon conversion of the Convertible Preferred
      Stock shall be duly authorized, validly issued, fully paid and
      non-

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    assessable,
      free and clear of all liens, claims, security interests and other encumbrances
      (other than liens, charges, security interests and other encumbrances created
      by
      the Holders).

     

    (d)
      Prior
      to the delivery of any securities that the Corporation shall be obligated to
      deliver upon conversion of the Convertible Preferred Stock, the Corporation
      shall use its reasonable best efforts to comply with all federal and state
      laws
      and regulations thereunder requiring the registration of such securities with,
      or any approval of or consent to the delivery thereof by, any governmental
      authority.

     

    (e)
      The
      Corporation hereby covenants and agrees that, if at any time the Common Stock
      shall be listed on the New York Stock Exchange or any other national securities
      exchange or automated quotation system, the Corporation shall, if permitted
      by
      the rules of such exchange or automated quotation system, list and keep listed,
      so long as the Common Stock shall be so listed on such exchange or automated
      quotation system, all Common Stock issuable upon conversion of the Convertible
      Preferred Stock; provided,
      however,
      that if
      the rules of such exchange or automated quotation system permit the Corporation
      to defer the listing of such Common Stock until the first conversion of
      Convertible Preferred Stock into Common Stock in accordance with the provisions
      hereof, the Corporation covenants to list such Common Stock issuable upon
      conversion of the Convertible Preferred Stock in accordance with the
      requirements of such exchange or automated quotation system at such
      time.

     

    (13)
      Fractional
      Shares. (a)
      No
      fractional shares of Common Stock shall be issued as a result of any conversion
      of shares of Convertible Preferred Stock.

     

    (b)
      In
      lieu of any fractional share of Common Stock otherwise issuable in respect
      of
      any mandatory conversion pursuant to Section 8 hereof or a conversion at the
      option of the Holder pursuant to Section 9 or Section 10 hereof, the Corporation
      shall pay an amount in cash (computed to the nearest Cent) equal to the same
      fraction of:

     

    (i)
      in the
      case of a conversion pursuant to Section 8 or a Cash Acquisition Conversion
      pursuant to Section 10, the average of the Daily Closing price on each of the
      five consecutive Trading Days preceding the Trading Day immediately preceding
      the Conversion Date; or

     

    (ii)
      in
      the case of an Early Conversion pursuant to Section 9 hereof, the Daily Closing
      Price of the Common Stock determined as of the second Trading Day immediately
      preceding the Conversion Date.

     

    (c)
      If
      more than one share of the Convertible Preferred Stock is surrendered for
      conversion at one time by or for the same Holder, the number of full shares
      of
      Common Stock issuable upon conversion thereof shall be computed on the basis
      of
      the aggregate number of shares of the Convertible Preferred Stock so
      surrendered.

     

    (14)
      Anti-Dilution
      Adjustments to the Fixed Conversion Rates. (a)
      Each
      Fixed
      Conversion Rate shall be subject to the following adjustments:

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    (i)
      Stock
      Dividends and Distributions.
      In case
      the Corporation shall pay or make a dividend or other distribution on Common
      Stock in shares of Common Stock, each Fixed Conversion Rate, as in effect at
      the
      opening of business on the day following the date fixed for the determination
      of
      shareholders entitled to receive such dividend or other distribution, shall
      be
      increased by dividing such Fixed Conversion Rate by a fraction of which the
      numerator shall be the number of shares of Common Stock outstanding at the
      close
      of business on the date fixed for such determination and the denominator shall
      be the sum of such number of shares of Common Stock outstanding and the total
      number of shares of Common Stock constituting such dividend or other
      distribution, such increase to become effective immediately after the opening
      of
      business on the day following the date fixed for such determination. For the
      purposes of this sub-section (i), the number of shares of Common Stock at the
      time outstanding shall not include shares held in the treasury of the
      Corporation but shall include any shares issuable in respect of any scrip
      certificates issued in lieu of fractions of shares of Common Stock. The
      Corporation shall not pay any dividend or make any distribution on shares of
      Common Stock held in the treasury of the Corporation.

     

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

     

    (iii)
      Issuance
      of Stock Purchase Rights.
      In case
      the Corporation shall issue rights or warrants to all holders of Common Stock
      (other than rights or warrants issued pursuant to a dividend reinvestment plan
      or share purchase plan or other similar plans), entitling such holders, for
      a
      period of up to 45 days from the date of issuance of such rights or warrants,
      to
      subscribe for or purchase shares of Common Stock at a price per share less
      than
      the Current Market Price on the date fixed for the determination of shareholders
      entitled to receive such rights or warrants, each Fixed Conversion Rate in
      effect at the opening of business on the day following the date fixed for such
      determination shall be increased by multiplying such Fixed Conversion Rate
      by a
      fraction, the numerator of which shall be the number of shares of Common Stock
      outstanding at the close of business on the date fixed for such determination
      plus the number of shares of Common Stock so offered for subscription or
      purchase and the denominator of which shall be the number of shares of Common
      Stock outstanding at the close of business on the date fixed for such
      determination plus the number of shares of Common Stock which the aggregate
      offering price of the total number of shares 

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    of
      Common
      Stock so offered for subscription or purchase would purchase at such Current
      Market Price, such increase to become effective immediately after the opening
      of
      business on the day following the date fixed for such determination. For the
      purposes of this clause (iii), the number of shares of Common Stock at any
      time
      outstanding shall not include shares held in the treasury of the Corporation
      but
      shall include any shares issuable in respect of any scrip certificates issued
      in
      lieu of fractions of shares of Common Stock. The Corporation shall not issue
      any
      such rights or warrants in respect of shares of Common Stock held in the
      treasury of the Corporation.

     

    (iv)
      Debt
      or Asset Distribution. (A)
      In
      case
      the Corporation shall, by dividend or otherwise, distribute to all holders
      of
      Common Stock evidences of its indebtedness, shares of capital stock, securities,
      cash or other assets (excluding any dividend or distribution referred to in
      Section 14(a)(i) or Section 14(a)(ii) hereof, any rights or warrants referred
      to
      in Section 14(a)(iii) hereof, any dividend or distribution paid exclusively
      in
      cash, any consideration payable in connection with a tender or exchange offer
      made by the Corporation or any subsidiary of the Corporation, and any dividend
      of shares of capital stock of any class or series, or similar equity interests,
      of or relating to a subsidiary or other business unit in the case of a Spin-Off
      referred to in Section 14(a)(iv)(B) below), each Fixed Conversion Rate shall
      be
      adjusted so that it shall equal the rate determined by multiplying such Fixed
      Conversion Rate in effect immediately prior to the close of business on the
      date
      fixed for the determination of shareholders entitled to receive such
      distribution by a fraction, the numerator of which shall be the Current Market
      Price per share of the Common Stock on the date fixed for such determination
      and
      the denominator of which shall be such Current Market Price per share of the
      Common Stock less the then Fair Market Value of the portion of the evidences
      of
      indebtedness, shares of capital stock, securities, cash or other assets so
      distributed applicable to one share of Common Stock, such adjustment to become
      effective immediately prior to the opening of business on the day following
      the
      date fixed for the determination of shareholders entitled to receive such
      distribution. In any case in which this clause (iv)(A) is applicable, clause
      (iv)(B) of this Section 14(a) shall not be applicable.

     

    (B)
      In the
      case of a Spin-Off, each Fixed Conversion Rate in effect immediately before
      the
      close of business on the record date fixed for determination of shareholders
      entitled to receive that distribution shall be adjusted by multiplying each
      Fixed Conversion Rate by a fraction, the numerator of which is the Current
      Market Price per share of the Common Stock plus the Fair Market Value of the
      portion of those shares of capital stock or similar equity interests so
      distributed applicable to one share of Common Stock as of the fifteenth Trading
      Day after the “ex-date” with respect to such Spin Off (or, if such shares of
      capital stock or equity interests are listed on a national or regional
      securities exchange, the average of the Daily Closing Price of such security
      on
      each of the five consecutive Trading Days ending on such fifteenth day) and
      the
      denominator of which is the Current Market Price per share of the

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    Common
      Stock. Any adjustment to the Conversion Rate under this clause (iv)(B) of this
      Section 14(a) shall occur on the fifteenth Trading Day from, but excluding,
      the
“ex-date” with respect to the Spin-Off.

     

    (v)
      Cash
      Distributions.
      In case
      the Corporation shall distribute cash to all holders of Common Stock immediately
      after the close of business on such date for determination, each Fixed
      Conversion Rate shall be adjusted by multiplying such Fixed Conversion Rate
      in
      effect immediately prior to the close of business on the date fixed for
      determination of holders of Common Stock entitled to receive such distribution
      by a fraction, the numerator of which shall be the Current Market Price of
      Common Stock on the date fixed for such determination and the denominator of
      which shall be the Current Market Price of Common Stock on the date fixed for
      such determination minus the amount per share of such dividend or distribution;
      provided,
      that no
      adjustment shall be made to either Fixed Conversion Rate for (i) any cash that
      is distributed in a Reorganization Event to which Section 14(e) applies or
      as
      part of a distribution referred to in paragraph (iv) of this Section 14(a),
      (ii)
      any dividend or distribution in connection with the liquidation, dissolution
      or
      winding up of the Corporation (iii) any consideration payable in connection
      with a tender or exchange offer made by the Corporation or any subsidiary of
      the
      Corporation or (iv) any cash dividends on the Common Stock to the extent that
      the aggregate cash dividend per share of Common Stock does not exceed $0.3125
      in
      any fiscal quarter (the “Dividend
      Threshold Amount”).
      The
      Dividend Threshold Amount is subject to an inversely proportional adjustment
      whenever the Fixed Conversion Rates are adjusted, provided
      that no
      adjustment shall be made to the Dividend Threshold Amount for any adjustments
      made to the Fixed Conversion Rates pursuant to this Section 14(a)(v).

     

    If
      an
      adjustment is required to be made under this Section 14(a)(v) as a result of
      a
      distribution that is a regularly scheduled dividend, the amount per share of
      such dividend or distribution for purposes of determining the denominator in
      this Section 14(a)(v) shall be deemed to be the amount by which the
      distribution exceeds the applicable Dividend Threshold Amount. If an adjustment
      is required to be made under this clause as a result of a distribution that
      is
      not a regularly scheduled dividend, the amount per share of such dividend or
      distribution for purposes of determining the denominator in this
      Section 14(a)(v) shall be deemed to be the full amount of such
      distribution.

     

    (vi)
      Self
      Tender Offers and Exchange Offers.
      In case
      a tender or exchange offer made by the Corporation or any subsidiary of the
      Corporation for all or any portion of the Common Stock shall expire and such
      tender or exchange offer (as amended upon the expiration thereof) shall require
      the payment to shareholders (based on the acceptance, up to any maximum
      specified in the terms of the tender or exchange offer, of Purchased Shares
      (as
      defined below in this Section)) of an aggregate consideration per share of
      Common Stock having a Fair Market Value that, together with (a) any cash
      and other consideration payable in a tender or 

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    exchange
      offer by the Corporation or any subsidiary of the Corporation for shares of
      Common Stock expiring during the preceding 12-month period in respect of which
      no previous adjustments pursuant to this Section 14 have been made,
plus
      (b) the aggregate amount of any cash distributions referred to in
      Section 14(a)(v) to holders of Common Stock during the preceding 12-month
      period in respect of which no adjustments have been made pursuant to this
      Section 14, exceeds 15% of the Corporation’s market capitalization as of the
      expiration of such tender offer or exchange offer (the “Expiration
      Time”),
      then,
      and in each such case, immediately prior to the opening of business on the
      eighth Trading Day after the date of the Expiration Time, each Fixed Conversion
      Rate shall be adjusted so that the same shall equal the rate determined by
      dividing such Fixed Conversion Rate in effect immediately prior to the opening
      of business on the eighth Trading Day after the Expiration Time by a fraction
      (A) the numerator of which shall be equal to (x) the product of (I) the Current
      Market Price per share of the Common Stock on the seventh Trading Day after
      the
      Expiration Time and (II) the number of shares of Common Stock outstanding
      (including any shares validly tendered and not withdrawn) at the Expiration
      Time
      less (y) the amount of cash plus the Fair Market Value of the aggregate
      consideration payable to holders of Common Stock in the tender or exchange
      offer
      and (B) the denominator of which shall be equal to the product of (x) the
      Current Market Price per share of the Common Stock on the seventh Trading Day
      after the Expiration Time and (y) the number of shares of Common Stock
      outstanding (including any shares validly tendered and not withdrawn) as of
      the
      Expiration Time less the number of all shares validly tendered and not withdrawn
      as of the Expiration Time (the shares deemed so accepted, up to any such
      maximum, being referred to as the “Purchased
      Shares”).

     

    (vii)
      Rights
      Plans.
      To the
      extent that the Corporation has a rights plan in effect with respect to the
      Common Stock on any Conversion Date, upon conversion of any Convertible
      Preferred Stock, Holders shall receive, in addition to the Common Stock, the
      rights under such rights plan, unless, prior to such Conversion Date, the rights
      have separated from the Common Stock, in which case each Fixed Conversion Rate
      shall be adjusted at the time of separation of such rights as if the Corporation
      made a distribution to all holders of the Common Stock as described in clause
      (iv) above, subject to readjustment in the event of the expiration, termination
      or redemption of such rights.

     

    (b)
      Adjustment
      for Tax Reasons.
      The
      Corporation may make such increases in each Fixed Conversion Rate, in addition
      to any other increases required by this Section 14, if the Board of Directors
      deems it advisable to avoid or diminish any income tax to holders of the Common
      Stock resulting from any dividend or distribution of the Corporation’s shares
      (or issuance of rights or warrants to acquire shares) or from any event treated
      as such for income tax purposes or for any other reasons; provided
      that
      the
      same proportionate adjustment must be made to each Fixed Conversion
      Rate.

     

    (c)
      Calculation
      of Adjustments; Adjustments to Threshold Appreciation Price, Initial Price
      and
      Cash Acquisition Stock Price.
      (i)
      All
      adjustments to each

    
      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

    

    

    Fixed
      Conversion Rate shall be calculated to the nearest 1/10,000th of a share (or,
      if
      there is not a nearest 1/10,000th of a share, to the next lower 1/10,000th
      of a
      share) of Common Stock. Prior to the Mandatory Conversion Date, no adjustment
      in
      the Fixed Conversion Rate shall be required unless such adjustment would require
      an increase or decrease of at least one percent therein; provided,
      that any
      adjustments which by reason of this subparagraph are not required to be made
      shall be carried forward and taken into account in any subsequent adjustment;
      provided,
      further
      that with
      respect to adjustments to be made to the Fixed Conversion Rates in connection
      with cash dividends paid by the Corporation, the Fixed Conversion Rates shall
      be
      adjusted regardless of whether such aggregate adjustments amount to one percent
      or more of the Fixed Conversion Rates no later than August 1 of each calendar
      year; provided,
      further
      that on
      the earlier of the Mandatory Conversion Date and the date on which the
      Corporation consummates a Cash Acquisition, adjustments to each Fixed Conversion
      Rate shall be made with respect to any such adjustment carried forward and
      which
      has not been taken into account before such date. If an adjustment is made
      to
      the Fixed Conversion Rates pursuant to Sections 14(a)(i), 14(a)(ii), 14(a)(iii),
      14(a)(iv), 14(a)(v), 14(a)(vi) or 14(b), an inversely proportional adjustment
      shall also be made to the Threshold Appreciation Price and the Initial Price
      solely for purposes of determining which of clauses (i), (ii) and (iii) of
      Section 8(b) shall apply on the Conversion Date. Such adjustment shall be made
      by dividing each of the Threshold Appreciation Price and the Initial Price
      by a
      fraction, the numerator of which shall be either Fixed Conversion Rate
      immediately after such adjustment pursuant to Sections 14(a)(i), 14(a)(ii),
      14(a)(iii), 14(a)(iv), 14(a)(v), 14(a)(vi) or 14(b) and the denominator of
      which
      shall be such Fixed Conversion Rate immediately before such adjustment;
provided,
      that if
      such adjustment to the Fixed Conversion Rates is required to be made pursuant
      to
      the occurrence of any of the events contemplated by Sections 14(a)(i),
      14(a)(ii), 14(a)(iii), 14(a)(iv), 14(a)(v) or 14(a)(vi) or 14(b) during the
      period taken into consideration for determining the Applicable Market Value,
      appropriate and customary adjustments shall be made to the Fixed Conversion
      Rates.

     

    (ii)
      If an
      adjustment is made to the Minimum Conversion Rate pursuant to Sections 14(a)(i),
      14(a)(ii), 14(a)(iii), 14(a)(iv), 14(a)(v), 14(a)(vi) or 14(b), a proportional
      adjustment shall be made to each Cash Acquisition Stock Price column heading
      set
      forth in the table included in the definition of “Cash Acquisition Conversion
      Rate.” Such adjustment shall be made by multiplying each Cash Acquisition Stock
      Price included in such table by a fraction, the numerator of which is the
      Minimum Conversion Rate immediately prior to such adjustment and the denominator
      of which is the Minimum Conversion Rate immediately after such
      adjustment.

     

    (iii)
      No
      adjustment to the Fixed Conversion Rates need be made if Holders may
      participate, upon conversion (and based on the applicable Conversion Rate
      related to such conversion), in the transaction that would otherwise give rise
      to an adjustment; provided, that if the distributed assets or securities that
      the Holders would receive upon conversion of the Convertible Preferred Stock
      are
      convertible, exchangeable or exercisable, as applicable, such assets or
      securities are convertible, exchangeable or exercisable, as applicable, without
      any loss of rights or privileges for a period of at least 45 days following
      conversion of the Convertible Preferred Stock. The applicable Conversion Rate
      shall not be adjusted:

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    (A)
      upon
      the issuance of any shares of the Common Stock pursuant to any present or future
      plan providing for the reinvestment of dividends or interest payable on the
      Corporation’s securities and the investment of additional optional amounts in
      shares of Common Stock under any plan;

     

    (B)
      upon
      the issuance of any shares of the Common Stock or rights or warrants to purchase
      those shares pursuant to any present or future employee, director or consultant
      benefit plan or program of or assumed by the Corporation or any of its
      subsidiaries;

     

    (C)
      upon
      the issuance of any shares of the Common Stock pursuant to any option, warrant,
      right or exercisable, exchangeable or convertible security outstanding as of
      the
      date shares of the Convertible Preferred Stock were first issued;

     

    (D)
      for a
      change in the par value or no par value of the Common Stock; or

     

    (E)
      for
      accrued, cumulated and unpaid dividends.

     

    (iv)
      The
      Corporation shall have the power to resolve any ambiguity or correct any error
      in this Section 14 and its action in so doing, as evidenced by a resolution
      of
      the Board of Directors, or a duly authorized committee thereof, shall be final
      and conclusive.

     

    (d)
      Notice
      of Adjustment.
      Whenever
      a Fixed Conversion Rate or the Cash Acquisition Conversion Rate, as applicable,
      is to be adjusted, the Corporation shall: (i) compute such adjusted Fixed
      Conversion Rate or the Cash Acquisition Conversion Rate, as applicable, and
      prepare and transmit to the Transfer Agent an Officer’s Certificate setting
      forth such adjusted Fixed Conversion Rate or the Cash Acquisition Conversion
      Rate, as applicable, the method of calculation thereof in reasonable detail
      and
      the facts requiring such adjustment and upon which such adjustment is based;
      (ii) as soon as practicable following the occurrence of an event that requires
      an adjustment to a Fixed Conversion Rate or the Cash Acquisition Conversion
      Rate, as applicable, (or if the Corporation is not aware of such occurrence,
      as
      soon as practicable after becoming so aware), provide, or cause to be provided,
      a written notice to the Holders of the Convertible Preferred Stock of the
      occurrence of such event and (iii) as soon as practicable following the
      determination of a revised Fixed Conversion Rate or Cash Acquisition Conversion
      Rate, as applicable, provide, or cause to be provided, to the Holders of the
      Convertible Preferred Stock a statement setting forth in reasonable detail
      the
      method by which the adjustment to such Fixed Conversion Rate or the Cash
      Acquisition Conversion Rate, as applicable, was determined and setting forth
      such revised Fixed Conversion Rate or Cash Acquisition Conversion Rate, as
      applicable.

     

    (e)
      Reorganization
      Events.
      In the
      event of:

    

      
        
          
          

        

        
          25

          
            

          

        

        
          
          

        

      

    

     

    (i)
      any
      consolidation or merger of the Corporation with or into another Person (other
      than a merger or consolidation in which the Corporation is the continuing
      corporation and in which the Common Stock outstanding immediately prior to
      the
      merger or consolidation is not exchanged for cash, securities or other property
      of the Corporation or another Person);

     

    (ii)
      any
      sale, transfer, lease or conveyance to another Person of all or substantially
      all of the property and assets of the Corporation;

     

    (iii)
      any
      reclassification of Common Stock into securities including securities other
      than
      Common Stock; or

     

    (iv)
      any
      statutory exchange of securities of the Corporation with another Person (other
      than in connection with a merger or acquisition) (any such event specified
      in
      this Section 14(e), a “Reorganization
      Event”);

     

    each
      share
      of Convertible Preferred Stock outstanding immediately prior to such
      Reorganization Event shall, after such Reorganization Event, be convertible
      into
      the kind of securities, cash and other property receivable in such
      Reorganization Event (without any interest thereon and without any right to
      dividends or distribution thereon which have a record date that is prior to
      the
      Conversion Date) per share of Common Stock (the “Exchange
      Property”)
      by a
      holder of Common Stock that exercised his rights of election, if any, as to
      the
      kind or amount of securities, cash and other property receivable upon such
      Reorganization Event (provided that if the kind or amount of securities, cash
      and other property receivable upon such Reorganization Event is not the same
      for
      each share of Common Stock held immediately prior to such Reorganization Event
      and in respect of which such rights of election shall have been exercised
      (“Electing
      Share”),
      then,
      for the purpose of this Section 14(e) the kind and amount of securities, cash
      and other property receivable upon such Reorganization Event by each Electing
      Share shall be deemed to be the weighted average of the kinds and amounts so
      receivable per share by the Electing Shares). The amount of Exchange Property
      receivable upon conversion of any Convertible Preferred Stock in accordance
      with
      Section 8 or 9 hereof shall be determined based upon the Conversion Rate in
      effect on such Conversion Date. The applicable Conversion Rate shall be (x)
      the
      Minimum Conversion Rate, in the case of an Early Conversion Date and
      (y) determined based upon the definition of Conversion Rate set forth in
      Section 8 and the Applicable Market Value at such time, in the case of the
      Mandatory Conversion Date.

     

    For
      purposes of this Section 14(e), “Applicable
      Market Value”
shall
      be
      deemed to refer to the Applicable Market Value of the Exchange Property and
      such
      value shall be determined (A) with respect to any publicly traded securities
      that compose all or part of the Exchange Property, based on the Daily Closing
      Price of such securities, (B) in the case of any cash that composes all or
      part
      of the Exchange Property, based on the amount of such cash and (C) in the case
      of any other property that composes all or part of the Exchange Property, based
      on the value of such property, as determined by a nationally recognized
      independent investment banking firm retained by the Corporation for this
      purpose. For purposes of this Section 14(e), the term “Daily
      Closing Price”
shall
      

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    be
      deemed
      to refer to the closing sale price, last quoted bid price or mid-point of the
      last bid and ask prices, as the case may be, of any publicly traded securities
      that comprise all or part of the Exchange Property. For purposes of this
      Section 14(e), references to Common Stock in the definition of
“Trading
      Day”
shall
      be
      replaced by references to any publicly traded securities that comprise all
      or
      part of the Exchange Property.

     

    The
      above
      provisions of this Section 14(e) shall similarly apply to successive
      Reorganization Events and the provisions of Section 14 shall apply to any shares
      of capital stock of the Corporation (or any successor) received by the holders
      of Common Stock in any such Reorganization Event.

     

    The
      Corporation (or any successor) shall, within 20 days of the occurrence of any
      Reorganization Event, provide written notice to the Holders of such occurrence
      of such event and of the kind and amount of the cash, securities or other
      property that constitute the Exchange Property. Failure to deliver such notice
      shall not affect the operation of this Section 14(e).

     

    (15)
      Replacement
      Stock Certificates. (a)
      If
      physical certificates are issued, and any of the Convertible Preferred Stock
      certificates shall be mutilated, lost, stolen or destroyed, the Corporation
      shall, at the expense of the Holder, issue, in exchange and in substitution
      for
      and upon cancellation of the mutilated Convertible Preferred Stock certificate,
      or in lieu of and substitution for the Convertible Preferred Stock certificate
      lost, stolen or destroyed, a new Convertible Preferred Stock certificate of
      like
      tenor and representing an equivalent amount of shares of Convertible Preferred
      Stock, but only upon receipt of evidence of such loss, theft or destruction
      of
      such Convertible Preferred Stock certificate and indemnity, if requested,
      satisfactory to the Corporation and the Transfer Agent.

     

    (b)
      The
      Corporation is not required to issue any certificates representing the
      Convertible Preferred Stock on or after the Mandatory Conversion Date. In lieu
      of the delivery of a replacement certificate following the Mandatory Conversion
      Date, the Transfer Agent, upon delivery of the evidence and indemnity described
      above, shall deliver the shares of Common Stock issuable pursuant to the terms
      of the Convertible Preferred Stock formerly evidenced by the
      certificate.

     

    (16)
      Transfer
      Agent, Registrar, Redemption, Conversion and Dividend Disbursing
      Agent.
      The duly
      appointed Transfer Agent, Registrar, Redemption, Conversion and Dividend
      Disbursing Agent for the Convertible Preferred Stock shall be Mellon Investor
      Services LLC. The Corporation may, in its sole discretion, remove the Transfer
      Agent in accordance with the agreement between the Corporation and the Transfer
      Agent; provided
      that the
      Corporation shall appoint a successor transfer agent who shall accept such
      appointment prior to the effectiveness of such removal. Upon any such removal
      or
      appointment, the Corporation shall send notice thereof by first-class mail,
      postage prepaid, to the Holders of the Convertible Preferred Stock.

     

    (17)
      Form. (a)
      The
      Convertible Preferred Stock shall be issued in the form of one or more permanent
      global shares of Convertible Preferred Stock in definitive, fully

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    registered
      form with the global legend (the “Global
      Shares Legend”)
      as set
      forth on the form of Convertible Preferred Stock certificate attached
      hereto as Exhibit A (each, a “Global
      Preferred Share”),
      which
      is hereby incorporated in and expressly made a part of this Certificate. The
      Global Preferred Shares may have notations, legends or endorsements required
      by
      law, stock exchange rules, agreements to which the Corporation is subject,
      if
      any, or usage (provided that any such notation, legend or endorsement is in
      a
      form acceptable to the Corporation). The Global Preferred Shares shall be
      deposited on behalf of the Holders of the Convertible Preferred Stock
      represented thereby with the Registrar, at its New York office as custodian
      for
      DTC or a Depositary, and registered in the name of the Depositary or a nominee
      of the Depositary, duly executed by the Corporation and countersigned and
      registered by the Registrar as hereinafter provided. The aggregate number of
      shares represented by each Global Preferred Share may from time to time be
      increased or decreased by adjustments made on the records of the Registrar
      and
      the Depositary or its nominee as hereinafter provided. This Section 17(a) shall
      apply only to a Global Preferred Share deposited with or on behalf of the
      Depositary. The Corporation shall execute and the Registrar shall, in accordance
      with this Section 17, countersign and deliver initially one or more Global
      Preferred Shares that (i) shall be registered in the name of Cede & Co. or
      other nominee of the Depositary and (ii) shall be delivered by the Registrar
      to
      Cede & Co. or pursuant to instructions received from Cede & Co. or held
      by the Registrar as custodian for the Depositary pursuant to an agreement
      between the Depositary and the Registrar. Members of, or participants in, the
      Depositary (“Agent
      Members”)
      shall
      have no rights under this Certificate, with respect to any Global Preferred
      Share held on their behalf by the Depositary or by the Registrar as the
      custodian of the Depositary, or under such Global Preferred Share, and the
      Depositary may be treated by the Corporation, the Registrar and any agent of
      the
      Corporation or the Registrar as the absolute owner of such Global Preferred
      Share for all purposes whatsoever. Notwithstanding the foregoing, nothing herein
      shall prevent the Corporation, the Registrar or any agent of the Corporation
      or
      the Registrar from giving effect to any written certification, proxy or other
      authorization furnished by the Depositary or impair, as between the Depositary
      and its Agent Members, the operation of customary practices of the Depositary
      governing the exercise of the rights of a holder of a beneficial interest in
      any
      Global Preferred Share. The Holder of the Convertible Preferred Shares may
      grant
      proxies or otherwise authorize any Person to take any action that a Holder
      is
      entitled to take pursuant to the Convertible Preferred Shares, this Certificate
      or the Amended and Restated Certificate of Incorporation. Owners of beneficial
      interests in Global Preferred Shares shall not be entitled to receive physical
      delivery of certificated shares of Convertible Preferred Stock, unless (x)
      the
      Depositary is unwilling or unable to continue as Depositary for the Global
      Preferred Shares and the Corporation does not appoint a qualified replacement
      for the Depositary within 90 days, (y) the Depositary ceases to be a
“clearing agency” registered under the Exchange Act and the Corporation does not
      appoint a qualified replacement for the Depositary within 90 days or (z) the
      Corporation decides to discontinue the use of book-entry transfer through DTC
      (or any successor Depositary). In any such case, the Global Preferred Shares
      shall be exchanged in whole for definitive shares of Convertible Preferred
      Stock
      in registered form, with the same terms and of an equal aggregate Liquidation
      Preference. Definitive shares of Convertible Preferred Stock shall be registered
      in the name or names 

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    of
      the
      Person or Person specified by the Depositary in a written instrument to the
      Registrar.

     

    (b)
      (i) An
      Officer
      shall sign the Global Preferred Shares for the Corporation, in accordance with
      the
      Corporation’s bylaws and applicable law, by manual or facsimile
      signature.

     

    (ii)
      If
      an
      Officer whose signature is on a Global Preferred Share no longer holds that
      office
      at the
      time the Transfer Agent authenticates the Global Preferred Share, the Global
      Preferred Share shall be valid nevertheless.

     

    (iii)
      A
      Global
      Preferred Share shall not be valid until an authorized signatory of the
      Transfer
      Agent
      manually countersigns such Global Preferred Share. The signature shall be
      conclusive evidence that such Global Preferred Share has been authenticated
      under this Certificate. Each Global Preferred Share shall be dated the date
      of
      its authentication.

     

    (18)
      Miscellaneous. (a)
      All
      notices referred to herein shall be in writing, and, unless otherwise specified
      herein, all notices hereunder shall be deemed to have been given upon the
      earlier of receipt thereof or three Business Days after the mailing thereof
      if
      sent by registered or certified mail (unless first-class mail shall be
      specifically permitted for such notice under the terms of this Certificate)
      with
      postage prepaid, addressed: (i) if to the Corporation, to its office at One
      North Central Avenue, Phoenix, Arizona 85004, (Attention: Kathleen L. Quirk)
      or
      to the Transfer Agent at its Corporate Trust Office, or other agent of the
      Corporation designated as permitted by this Certificate, or (ii) if to any
      Holder of the Convertible Preferred Stock or holder of shares of Common Stock,
      as the case may be, to such holder at the address of such holder as listed
      in
      the stock record books of the Corporation (which may include the records of
      any
      transfer agent for the Convertible Preferred Stock or Common Stock, as the
      case
      may be), or (iii) to such other address as the Corporation or any such holder,
      as the case may be, shall have designated by notice similarly
      given.

     

    (b)
      The
      Corporation shall pay any and all stock transfer and documentary stamp taxes
      that may be payable in respect of any issuance or delivery of shares of
      Convertible Preferred Stock or shares of Common Stock or other securities issued
      on account of Convertible Preferred Stock pursuant hereto or certificates
      representing such shares or securities. The Corporation shall not, however,
      be
      required to pay any such tax that may be payable in respect of any transfer
      involved in the issuance or delivery of shares of Convertible Preferred Stock
      or
      Common Stock or other securities in a name other than that in which the shares
      of Convertible Preferred Stock with respect to which such shares or other
      securities are issued or delivered were registered, or in respect of any payment
      to any person other than a payment to the Holder thereof, and shall not be
      required to make any such issuance, delivery or payment unless and until the
      person otherwise entitled to such issuance, delivery or payment has paid to
      the
      Corporation the amount of any such tax or has established, to the satisfaction
      of the Corporation, that such tax has been paid or is not payable.

     

    
      
        
          
          

        

        
          29

          
            

          

        

        
          
          

        

      

    

    

    (c)
      The
      Liquidation Preference and the annual dividend rate set forth herein each shall
      be subject to equitable adjustment whenever there shall occur a stock split,
      combination, reclassification or other similar event involving the Convertible
      Preferred Stock. Such adjustments shall be determined in good faith by the
      Board
      of Directors and submitted by the Board of Directors to the Transfer
      Agent.

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

     

     

    
      	 	
              FREEPORT-MCMORAN
                COPPER & GOLD INC.

            
	 	 	 
	 	 	 
	 	 	 
	 	
              By:

            	 
	 	
              

            
	 	Name: 	Kathleen L. Quirk
	 	Title: 	Executive Vice President,
              Chief
              Financial Officer & Treasurer

    

     

     

    ATTEST:

     

     

    
      	By:	 	 
	 	
              

            	 
	 	
              Name:

              Title: 

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

     

    FORM
      OF 6
      3/4% MANDATORY CONVERTIBLE PREFERRED STOCK

     

    SEE
      REVERSE FOR LEGEND

     

    Number:
      [  ]

     

    
      	6 3/4% Mandatory Convertible Preferred
              Stock
              	
              [  ]
                Shares

            

    

     

    CUSIP
      NO.:
      35671D782

     

    FREEPORT-MCMORAN
      COPPER & GOLD INC.

    

    FACE
      OF
      SECURITY

     

    This
      certifies that Cede & Co. is the owner of fully paid and non-assessable
      shares of the 6 3/4% Mandatory Convertible Preferred Stock, par value $0.10
      of
      Freeport-McMoRan Copper & Gold Inc. (hereinafter called the “Corporation”),
      transferable on the books of the Corporation by the holder hereof in person
      or
      by duly authorized attorney, upon surrender of this Certificate properly
      endorsed. This certificate and the shares represented hereby are issued and
      shall be held subject to all the provisions of the Amended and Restated
      Certificate of Incorporation of Freeport-McMoRan Copper & Gold Inc. and all
      amendments thereto (copies of which are on file at the office of the Transfer
      Agent) to all of which the holder of this certificate by acceptance hereof
      assents. This certificate is not valid until countersigned by the Transfer
      Agent
      and registered by the Registrar.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS
      WHEREOF, Freeport-McMoRan Copper & Gold Inc. has executed this certificate
      as of the date set forth below.

    

    
       

      
        	 	
                FREEPORT-MCMORAN
                  COPPER & GOLD INC.

              
	 	 	 
	 	 	 
	 	 	 
	 	
                By:

              	 
	 	
                

              
	 	Name: 	Kathleen L. Quirk
	 	Title: 	
                Executive
                  Vice President, Chief Financial Officer & Treasurer

              
	 	 	 
	 	 	 
	 	Dated: March 28,
                2007

      

       

    

    TRANSFER
      AGENT’S CERTIFICATE OF AUTHENTICATION

    

    This
      is one of the certificates representing shares of the Convertible Preferred
      Stock referred to in the within mentioned Certificate of
      Designations.

    

    
      
         

        
          	 	
                  MELLON
                    INVESTOR SERVICES, LLC,

                
	 	as Transfer Agent
	 	
                	 
	 	 	 
	 	
                  By:

                	 
	 	
                  

                
	 	Name: 	
                
	 	Title: 	
                  Authorized
                    Signatory

                
	 	 	 
	 	Dated: 	 
	 	 	
                  

                
	 	 

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

     REVERSE
      OF
      SECURITY

     

    FREEPORT-MCMORAN
      COPPER & GOLD INC.

     

    The
      shares
      of 6 3/4% Mandatory Convertible Preferred Stock (the “Convertible
      Preferred Stock”)
      shall
      automatically convert on May 1, 2010 into a number of shares of common stock,
      par value $0.10 per share, of the Corporation (the “Common
      Stock”)
      as
      provided in the Certificate of Designations of the Corporation relating to
      the
      Convertible Preferred Stock (the “Certificate
      Of Designations”).
      The
      shares of the Convertible Preferred Stock are also convertible at the option
      of
      the holder, into shares of Common Stock at any time prior to May 1, 2010 as
      provided in the Certificate of Designations. The preceding description is
      qualified in its entirety by reference to the Certificate of Designations,
      a
      copy of which shall be furnished by the Corporation to any holder without charge
      upon request addressed to the Secretary of the Corporation at its principal
      office in Phoenix, AZ or to the Transfer Agent named on the face of this
      certificate.

     

    The
      Corporation shall furnish to any shareholders, upon request, and without charge,
      a full statement of the designations, relative rights, preferences and
      limitations of the shares of each class and series authorized to be issued
      so
      far as the same have been determined and of the authority of the Board of
      Directors to divide the shares into classes or series and to determine and
      change the relative rights, preferences and limitations of any class or series.
      Any such request should be addressed to the Secretary of the Corporation at
      its
      principal office in Phoenix, AZ, or to the Transfer Agent named on the face
      of
      this certificate.

     

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

     

    TRANSFERS
      OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN
      PART,
      TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND
      TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS
      MADE
      IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE CERTIFICATE OF
      DESIGNATIONS. IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE
      TRANSFER AGENT NAMED ON THE FACE OF THIS CERTIFICATE SUCH CERTIFICATES
      AND

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    OTHER
      INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE
      TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

    For
      value
      received, _______________ hereby sell, assign and transfer unto

     

    Please
      Insert Social Security or Other
      Identifying Number of Assignee

     

    ____________________________________

     

    
      
        	
                

              
	(Please Print or Typewrite Name and
                Address,
                Including Zip Code, of Assignee)
	 
	
                

              
	 
	
                

              
	 
	
                

              

      

    

     

    shares
      of
      the capital stock represented by the within certificate, and do hereby
      irrevocably constitute and appoint

     

    Attorney
      to transfer the said stock on the books of the within named Corporation with
      full power of substitution in the premises.

     

    Dated
      _______________

    

    

    ________________________

     

     

    
      	 	
              NOTICE:   The
                Signature to this Assignment Must Correspond with the Name As Written
                Upon
                the Face of the Certificate in Every Particular, Without Alteration
                or
                Enlargement or Any Change Whatever.

            

    

    
 

    SIGNATURE
      GUARANTEED

    

    ____________________________________

    (Signature
      Must Be Guaranteed by a Member

    of
      a
      Medallion Signature Program)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]