Document:

EX-10.80

EXHIBIT 10.80

STAR SCIENTIFIC, INC.

AMENDED AND RESTATED

EXECUTIVE EMPLOYMENT AGREEMENT

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is entered into
effective as of March 14, 2011 (the “Effective Date”), by and between STAR SCIENTIFIC, INC., a
Delaware corporation (the “Company”), and Curtis Wright, MD, MPH (“Executive”).

RECITALS

A. The Company, through its subsidiary ROCK CREEK PHARMACEUTICALS, INC., (“ROCK CREEK”) is
engaged in the research and development of botanical based products for the treatment of tobacco
dependence, non-nicotine nutraceuticals that may assist persons who have ceased tobacco use and
others maintain a healthy and a balanced metabolism as well as products that would utilize certain
MAO agents in tobacco to treat a range of neurological diseases including Alzheimer’s disease,
Parkinson’s disease, Schizophrenia, and Depression.

B. Executive was recruited to assume the position of Senior Vice President, Medical/Clinical
Director of ROCK CREEK and has served in that capacity for the past three years under an Executive
Employment Agreement that expires on March 17, 2011.

C. The Company wishes to continue to have the benefit of the Executive’s professional skills
and services, as an employee of STAR SCIENTIFIC, INC., with the understanding that Executive will
be providing services exclusively for ROCK CREEK.

AGREEMENT

NOW, THEREFORE, the parties hereto hereby agree to restate the terms of Executive’s employment
with the Company and to continue his employment on the terms set forth below:

1. Employment and Duties.

(a) Position. The Company hereby continues to employ Executive, and Executive hereby
continues to accept employment with the Company, as the Senior Vice President, Medical/Clinical
Director of its wholly-owned subsidiary, ROCK CREEK.

(b) Duties. Executive agrees to devote his best efforts to perform all duties
assigned to him by the CEO of ROCK CREEK, including specifically responsibility for coordinating
all aspects of ROCK CREEK’s efforts relating to the development of a range of products utilizing
botanical based compounds and/or other appropriate compounds intended for smoking or smokeless
tobacco therapy and/or cessation, nutraceuticals assisting in maintaining a healthy metabolism and
related products for the treatment or therapy of a range of neurological diseases, including but
not limited to, Alzheimer’s disease, Parkinson’s disease, Schizophrenia, and Depression, and such
other duties as may be assigned to Executive from time to time (“Duties”), in a trustworthy,
professional, business-like and loyal manner.

(c) Reporting. Executive shall report to the CEO of ROCK CREEK relating to ROCK
CREEK’S new product development efforts and any other business matters assigned to Executive.

(d) Place of Employment. Executive shall continue to perform his services from the
Company’s office in Gloucester, Massachusetts (the “Massachusetts Office”). The Massachusetts
Office shall be the primary office from which Executive shall perform his services hereunder, with
the further understanding that this position will entail travel to, and attending meetings at, the
Company’s other offices and manufacturing facilities, not to exceed a maximum of twenty (20) days
travel per quarter.

(e) Change of Duties. Subject to the provisions of Section 4(g) herein, the Duties of
the Employee may be modified from time to time by mutual written consent of the Company and the
Employee without resulting in a rescission of this Agreement.

 

 

 

The mutual written consent of the Company and the Employee shall constitute execution of that
modification. Notwithstanding any such change, the employment of the Employee shall be construed
as continuing under this Agreement as so modified.

(f) Devotion of Time to Company’s Business. During the Term of this Agreement (as
such term is defined in Section 1(g) hereof, Executive agrees (i) to devote the primary portion of
his productive time, ability and attention to the business of the Company during normal working
hours, and (ii) not to acquire, hold or retain, whether directly or indirectly, more than a two
percent (2%) interest in any business competing with or similar in nature to the business of the
Company or any of its Affiliates (as such term is defined below). For purposes of this Agreement,
“Affiliates” shall mean any Person that, directly or indirectly through one or more intermediaries,
controls or is controlled by, or is under the common control of, the Company and the term “Person”
shall mean any individual, group of individuals or entity.

(g) Term. Unless sooner terminated as provided in Section 4 hereof, the term of this
Agreement shall commence on March 14, 2011 and shall continue for a term of three years through
March 14, 2014 (the “Term”), and shall be renewable for successive twelve (12) month terms (each, a
“Renewal Term”) at the option of the Company. Notice of renewal, if applicable, shall be given to
Executive in writing at least thirty (30) days prior to the end of the Term or the applicable
Renewal Term, as the case may be. The Term, together with any Renewal Terms shall be referred to
in this Agreement as the “Term of this Agreement.” If the Company does not provide notice of its
intent to renew the Term of this Agreement in accordance with this paragraph, the Agreement shall
continue on a month-to-month basis until either party notifies the other of the intent not to
continue the Agreement on a month-to-month basis. Notice of intent not to continue the Agreement
on a month-to-month basis shall be effective if provided by the Company to Executive at least
fifteen (15) days prior to the completion of the then-current monthly term. Executive shall use
his best efforts to provide the same advance notice, but his failure to do so shall not in any way
be deemed a breach of the terms of this Agreement, and his notice of intent not to continue the
Agreement on a month-to-month basis shall be effective as and when stated therein. Should the
Company accept Executive’s notice of termination of the Agreement on a month-to-month basis prior
to the effective date set forth by Executive in such notice of termination, the Company shall
continue to pay Executive’s Base Salary through the date of termination specified by Executive in
such notice of termination.

(h) Observance of Company Rules, Regulations and Policies. Executive shall duly,
punctually and faithfully perform and observe any and all rules, regulations and policies which the
Company or which ROCK CREEK may now have or hereafter establish governing the conduct of its
business or its employees to the extent such rules, regulations and policies are not in conflict
with this Agreement. Executive shall promptly provide written notice to the Board of Directors of
the Company and ROCK CREEK of any such apparent conflict of which Executive becomes aware.

2. Compensation.

(a) Base Salary. During the Term of this Agreement, the Company shall pay to
Executive a base salary of three hundred thirty thousand dollars per year ($330,000) in increments
of approximately twenty seven thousand five hundred dollars ($27,500) per month (the “Base
Salary”), payable on a regular basis in accordance with the Company’s standard payroll procedures.

(b) Stock Option.

(i) Stock Option Grant. The parties acknowledge and agree that as additional
incentive, the Compensation Committee will recommend and upon Board approval, the Company will
grant to Executive Stock Options (the “Options”) to purchase up to three hundred thousand (300,000)
shares of Common Stock of the Company at fair market value as of the date of grant, pursuant to the
Company’s standard form of stock option agreement under its 2008 Incentive Award Plan (the “Plan”).

 

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(ii) Vesting. Subject the performance criteria set forth in subsection (iii) the
Options shall vest and become exercisable on the following schedule so long as he remains an
employee of the Company through the dates set forth below:

	 	 	 	 	 
	Number of Shares	 	Date Vested
	100,000
	 	March 14, 2011
	100,000
	 	March 14, 2012
	100,000
	 	March 14, 2013

(iii) Performance Criteria: The exercise of the Options, or any portion thereof,
shall be further contingent on the Company achieving either of the following two performance
criteria and the Company’s Compensation Committee confirming that one of the required performance
criteria have been satisfied.

	 	•	 	Introduction into the market for sale a new dietary supplement
(nutraceutical)
	 
	 	•	 	Entry into an agreement with a major tobacco company (including one of
the top three U.S. tobacco companies) for licensing and/or sale of one of
the Company’s three pending modified risk applications filed under Section
911 of the FDA Tobacco Act.

If neither performance criteria is satisfied, then Executive will not be entitled to exercise
any portion of the Options, regardless of whether all or a portion of the Options shall have vested
according to the schedule set forth in subsection (ii).

(iv) Termination. To the extent not then fully vested, the Options shall immediately
terminate upon termination of Executive’s employment with the Company: (A) by the Company for Cause
(as such term is defined in Section 4(c) hereof); or (B) voluntarily by Executive (as such term is
defined in Section 4(f) hereof).

(v) Other Option Terms. All other terms of the Options shall be determined in
accordance with the Plan.

(c) Vacation. Executive shall be entitled to a minimum of four weeks annual vacation
time with full pay or for such longer period as the Company may provide in its standard policies
and practices for the Company’s other executive employees who hold a position at a level comparable
to Executive’s position.

(d) Other Benefits and Bonus Opportunities. Executive shall participate in and have
the benefits of all present and future vacation, holiday, paid leave, unpaid leave, life, accident,
disability, dental vision and health insurance plans, pension, profit-sharing and savings plans and
all other plans and benefits to the same extent such coverage is provided to the Company’s other
employees. In addition, Executive shall be eligible to participate in and have the benefit of any
and all other incentive plans that the Company may establish or make generally available to other
executive employees who hold positions at a level comparable to Executive’s position.

(e) Withholding. The parties shall comply with all applicable withholding
requirements in connection with all compensation payable to Executive, including the Commonwealth
of Massachusetts where Executive is domiciled.

3. Expense Reimbursement.

(a) General Business Expenses. The Company shall reimburse Executive for all business
travel and other out-of-pocket expenses reasonably incurred by Executive in the course of
performing his duties under this Agreement. All reimbursable expenses shall be appropriately
documented and shall be in reasonable detail and in a format and manner consistent with the
Company’s expense reporting policy, as well as applicable federal and state tax record keeping
requirements.

4. Termination and Rights on Termination. This Agreement shall terminate upon the
occurrence of any of the following events:

(a) Death. Upon the death of Executive, in which event the Company shall, within
thirty (30) days of receiving notice of such death, pay Executive’s estate all salary then due and
payable and all accrued vacation pay, if any, in each case payable or accrued through the date of
death. Executive’s estate shall not be entitled to any severance compensation.

 

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(b) Disability. Upon the mental or physical Disability (as such term is defined
below) of Executive, in which event the Company shall, within thirty (30) days following the
determination of Disability, pay Executive all salary then due and payable and all accrued vacation
pay, if any, in each case payable or accrued through the date of determination of Disability. For
purposes of this Agreement, “Disability” shall mean a physical or mental condition, verified by a
physician designated by the Company, which prevents Executive from carrying out one or more of the
material aspects of his assigned duties for at least ninety (90) consecutive days, or for a total
of ninety (90) days in any six (6) month period. Executive shall not be entitled to any severance
compensation.

(c) Termination by the Company For Cause. The Company may terminate this
Agreement at any time for Cause (as such term is defined below). In this event, the Company shall,
within fifteen (15) days following such termination, pay Executive all salary and all accrued
vacation pay, if any, then due and payable through the date of termination. Executive shall not be
entitled to any severance compensation. For purposes of this Agreement, “Cause” shall mean:

(a) A material act of dishonesty in connection with Executive’s responsibilities
as an employee;

(b) Executive’s commission of, or plea of nolo contendere to, a felony of a
nature which in the sole opinion of the Company renders the Executive unsuitable for
continued employment;

(c) Executive’s willful refusal to follow reasonable and appropriate directives
of the CEO;

(d) Executive’s gross negligence or willful misconduct in the performance of his
duties as an employee of the Company;

(e) Executive’s failure to perform his assigned duties to a reasonably acceptable
level, if the Company has provided Executive with written notice of same and a
reasonable opportunity (at least 30 days) to cure the deficiencies.

(d) Termination by the Company Without Cause. The Company may terminate this
Agreement at any time, subject to the provisions of Section 1(g) herein, without cause. In this
event, provided that such termination of employment constitutes a “separation from service” as
defined in Treasury Regulation Section 1.409A-1(h) (“Separation from Service”), the Company shall
continue to pay Executive his then-current Base Salary in effect as of the date of termination for
the balance of the Term of this Agreement (the “Severance Payments”), as well as all accrued
vacation time as of the date of termination. Severance Payments under this subsection shall be
made at the same time and in the same manner as such salary would have been paid if Executive had
remained in active employment until the end of the Term in accordance with the Company’s normal
payroll practices as in effect on the date of Executive’s Separation from, provided that (i)
Executive has executed a waiver and release of claims agreement in the Company’s customary form
(the “Release”), which Release may be amended by the Company to reflect changes in applicable laws
and regulations, and (ii) Executive has not revoked such Release within the applicable revocation
period set forth in such Release.

(e) No Termination by Merger; Transfer of Assets or Dissolution. This
Agreement shall not be terminated by any dissolution of the Company resulting from either merger
and/or consolidation in which the Company is not the consolidated or surviving corporation or other
entity or transfer of all or substantially all of the assets of the Company. In such event, the
rights, benefits, and obligations herein shall automatically be deemed to be assigned to the
surviving or resulting corporation or other entity or to the transferee of the assets, as the case
may be, with the consent of Executive.

(f) Voluntary Termination by Executive. Executive may terminate this Agreement at any
time without cause and without Good Reason by giving the Company thirty (30) days written notice.
In this event, the Company shall pay Executive, in accordance with its regular payroll practices,
all salary and accrued vacation time due and payable through the date of termination. Executive
shall not be entitled to any severance compensation.

(g) Termination by Executive for Good Reason. Executive may terminate this Agreement
at any time for Good Reason by giving the Company thirty (30) days written notice terminating this
Agreement for Good Reason (as such term is defined below), provided that such notice is delivered
to the Company within sixty (60) days following the occurrence of the event constituting Good
Reason. In that event, the Company shall pay Executive the Severance Payments subject to the terms
and provisions of Section 4(d) hereof. For purposes of this Agreement, “Good Reason” shall mean
the occurrence of any of the following events without the prior written consent of Executive:

(i) A material diminution in Executive’s positions, duties, responsibilities,
functions or status with the Company, or the removal of Executive from, or failure to
reelect Executive to, any of such positions;

 

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(ii) A material reduction by the Company of Executive’s Base Salary or benefits
provided to Executive pursuant to Section 2(d) (other than changes generally
applicable to all participants in such plans or arrangements); or

(iii) Any other material breach by the Company of this Agreement which is not
cured within twenty (20) days of delivery of written notice thereof by Executive to
the Company.

For purposes of clarification, and not limitation, a material breach shall include, among other
things, a change in geographic location of the Massachusetts Office to a location that is more than
fifteen (15) miles from Rockport or Gloucester, Massachusetts or a requirement that Executive
travel more than twenty (20) days per quarter, in violation of the provisions of Section 1(d) of
this Agreement.

(h) Effect of Termination. All rights and obligations of the Company and
Executive under this Agreement shall cease as of the effective date of termination, except that the
obligations of the Company and Executive under this Section 4 and Executive’s obligations under
Sections 5 and 6 hereof shall survive such termination in accordance with their respective terms.

(i) Timing of Payments. If, at the time Executive’s employment hereunder is
terminated, the Company determines that Executive is a “specified employee,” as defined in Section
409A of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder
(“Section 409A”), any and all amounts payable under this Section 4 that would constitute deferred
compensation subject to Section 409A, as determined by the Company in its sole discretion, and that
would (but for this sentence) be payable within six (6) months following the effective date of
termination of employment, shall instead be paid on the date that follows the effective date of
termination of employment by six (6) months, as a lump-sum amount. Thereafter, any amounts still
owed to Executive pursuant to this Section 4 in connection with his termination of employment shall
be paid in accordance with Section 4(a) through (g), as applicable.

Additionally, in the event that the Company or Executive reasonably determines, after the
Effective Date, that any amounts payable under this Section 4 may be subject to Section 409A, the
Company and Executive shall work together to adopt such amendments to this Agreement, adopt other
policies or procedures (including amendments, policies and procedures with retroactive effect), or
take any other commercially reasonable actions necessary or appropriate to (i) exempt the payments
and benefits payable under this Agreement from Section 409A and/or preserve the intended tax
treatment of the payments and benefits provided with respect to this Agreement or (ii) comply with
the requirements of Section 409A. For the avoidance of doubt, nothing in this Section 4(i) shall
obligate the Company to incur any material cost or liability, including providing gross-ups for any
additional taxes that Executive may incur under Section 409A with respect to amounts payable under
this Section 4.

5. Restriction on Competition.

(a) Covenant Not to Compete. The parties acknowledge that the Company is placing
Executive in a position of great trust, responsibility and authority by virtue of this Agreement,
and as a result, that Executive will be exposed to the Company’s most sensitive commercial and
proprietary information. The parties also recognize and acknowledge that by virtue of his
position, Executive will come to be identified closely with the Company in the business and
industries in which the Company operates. Executive further acknowledges that the Company’s
interests in protecting its confidential information and its relationships are both significant and
difficult to quantify economically. Therefore, Executive agrees that during the Term of this
Agreement and for a period of twelve (12) months from the termination of this Agreement, Executive
shall not, without the prior written consent of the Company, either directly or indirectly, for
himself or on behalf of or in conjunction with any other Person (i) own, manage, operate, control,
be employed by, participate in, render services to, or be associated in any manner with the
ownership, management, operation or control of, any business similar to the type of business
conducted by the Company or any of its Affiliates (which are described in Recitals, Section A
above), including, specifically, ROCK CREEK, within any of the geographic territories in which the
Company or any of its Affiliates conducts business, provided, however, that nothing contained
herein shall preclude Executive from purchasing or owning less than two percent (2%) of the stock
or other securities of any company with securities traded on a nationally recognized securities
exchange; (ii) solicit business of the same or similar type being carried on by the Company or any
of its Affiliates from any Person or entity known by Executive to be a customer of the Company or
any of its Affiliates, whether or not Executive had personal contact with such Person or entity
during and by reason of Executive’s employment with the Company,
or (iii) solicit any employee or contractor of the Company to terminate that relationship or
endeavor or attempt in any way to interfere with or induce a breach of any contractual relationship
that the Company or any of its Affiliates may have with any employee, customer, contractor,
supplier, representative or distributor.

 

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(b) No Breach for Activities Deemed Not Competitive. It is further agreed that, in
the event that Executive shall cease to be employed by the Company and enter into a business or
pursue other activities that, at such time, are not in competition with the Company or any of its
Affiliates, Executive shall not be chargeable with a violation of this Section 5 if the Company
subsequently enters the same (or a similar) competitive business or activity.

(c) Severability. The parties desire the provisions of this Section 5 to be
enforceable to the greatest degree possible. Therefore, the covenants in this Section 5 are
severable and separate, and the unenforceability of any specific covenant shall not affect the
provisions of any other covenant. If any provision of this Section 5 relating to the time period
or geographic area of the restrictive covenants shall be declared by a court of competent
jurisdiction to exceed the maximum time period or geographic area, as applicable, that such court
deems reasonable and enforceable, such time period or geographic area shall be deemed to be, and
thereafter shall become, the maximum time period or largest geographic area that such court deems
reasonable and enforceable and this Agreement shall automatically be considered to have been
amended and revised to reflect such determination.

(d) Fair and Reasonable. Executive has carefully read and considered the provisions
of this Section 5 and, having done so, agrees that the restrictive covenants in this Section 5
impose a fair and reasonable restraint on Executive, are reasonably required to protect the
interests of the Company, its Affiliates and their respective officers, directors, employees and
stockholders and that the provisions would not unduly restrict his ability to make an adequate
living following the termination of his employment with the Company. It is further agreed that the
Company and Executive intend that such covenants be construed and enforced in accordance with the
changing activities, business and locations of the Company throughout the term of these covenants.

6. Confidential Information. 

(a) Confidential Information. Executive hereby agrees to hold in strict confidence
and not to disclose to any third party any of the confidential and proprietary business, financial,
technical, economic, sales and/or other types of proprietary business information relating to the
Company or any of its Affiliates (including all trade secrets) in whatever form, whether oral,
written, or electronic (collectively, the “Confidential Information”), to which Executive has, or
is given (or has had or been given), access during the course of his employment with the Company.
It is agreed that the Confidential Information is confidential and proprietary to the Company
because such Confidential Information encompasses technical know-how, trade secrets, or technical,
financial, organizational, sales or other valuable aspects of the business and trade of the Company
or its Affiliates, including without limitation, technologies, products, processes, plans, clients,
personnel, operations and business activities. This restriction shall not apply to any
Confidential Information that (a) becomes known generally to the public through no fault of
Executive, (b) is required by applicable law, legal process, or any order or mandate of a court or
other governmental authority to be disclosed, or (c) is reasonably believed by Executive, based
upon the advice of legal counsel, to be required to be disclosed in defense of a lawsuit or other
legal or administrative action brought against Executive; provided, however, that in the case of
clause (b) or (c), Executive shall give the Company reasonable advance written notice of the
Confidential Information intended to be disclosed and the reasons and circumstances surrounding
such disclosure, in order to permit the Company to seek a protective order or other appropriate
request for confidential treatment of the applicable Confidential Information.

(b) Return of Company Property. In the event of termination of Executive’s employment
with the Company for whatever reason or no reason, (a) Executive agrees not to copy, make known,
disclose or use, any of the Confidential Information without the Company’s prior written consent,
and (b) Executive or Executive’s personal representative shall return to the Company (i) all
Confidential Information, (ii) all other records, designs, patents, patent applications, business
plans, financial statements, manuals, memoranda, lists, correspondence, reports, records, charts,
advertising materials and other data or property delivered to or compiled by Executive by or on
behalf of the Company or its respective representatives, vendors or customers that pertain to the
business of the Company or any of its Affiliates, whether in paper, electronic or other form, and
(iii) all keys, credit cards, vehicles and other property of the Company. Executive shall not
retain or cause to be retained any copies of the foregoing. Executive hereby agrees that all of
the foregoing shall be and remain the property of the Company and the applicable Affiliates and be
subject at all times to their discretion and control.

 

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(c) Assignment of Intellectual Property. Executive agrees that all patentable or
otherwise registrable designs, ideas, processes, methods, formulas, scientific and mathematical
models, reports, programs, software, systems, materials, notes, records, drawings, inventions,
improvements, developments and trade secrets (collectively, the “Inventions”) conceived, created,
discovered, developed, prepared, made or suggested by Executive, solely or in collaboration with
others, in or in connection with the performance of services hereunder shall be solely and
exclusively owned by the Company and that Executive shall have no property interest therein.
Executive further agrees to assign (or cause to be assigned), without further consideration, and
does hereby assign to the Company all of his right, title and interest, free and clear of all liens
and encumbrances of any kind whatsoever, in and to all Inventions and all copyright or other
proprietary rights therein or relating thereto.

(d) Further Acts. Upon the request of the Company, Executive shall execute all
documents necessary to effectuate the assignment of his rights in the Inventions to the Company.
In the event that any Invention, or any portion thereof, shall be deemed by the Company to be
patentable or otherwise registrable anywhere in the world, Executive shall assist the Company to
obtain letters patent or other applicable registrations thereon and shall execute all documents and
do or cause to be done all other things necessary or proper to obtain letters patent or other
applicable registrations and to vest in the Company full title thereto. In addition, Executive
shall assist the Company to enforce any patent, copyright or other right or protection relating to
any Invention, or any portion thereof, and shall execute all documents and do or cause to be done
all other things necessary or proper in connection therewith.

7. Corporate Opportunities.

(a) Duty to Notify. During the Term of this Agreement, in the event that Executive
shall become aware of any business opportunity related to the business of the Company (as described
in Recitals, Section A above and as modified by the Company from time to time) Executive shall
promptly notify the Board of Directors of such opportunity. Executive shall not appropriate for
himself or for any other Person or entity other than the Company (or any Affiliate) any such
opportunity unless, as to any particular opportunity, the Board of Directors fails to take
appropriate action within thirty (30) days. Executive’s duty to notify the Board of Directors and
to refrain from appropriating all such opportunities for thirty (30) days shall neither be limited
by, nor shall such duty limit, the application of the general laws relating to the fiduciary duties
of an agent or employee.

(b) Failure to Notify. In the event that Executive fails to notify the Board of
Directors or so appropriates any such opportunity without the express written consent of the Board
of Directors, Executive shall be deemed to have violated the provisions of this Section
notwithstanding the following:

	 	(i)	 	The capacity in which Executive shall have acquired such opportunity; or
	 
	 	(ii)	 	The probable success in the hands of the Company of such opportunity.

8. No Prior Agreements. Executive hereby represents to the Company that to the best of his
knowledge, the execution of this Agreement by Executive, his employment by the Company, and the
performance of his duties hereunder will not violate or be a breach of any agreement with a former
employer, client or any other Person or entity. To the extent that Executive had any oral or
written employment agreement, consulting agreement or understanding with the Company, this
Agreement shall automatically supersede such agreement or understanding, and upon execution of this
Agreement by Executive and the Company, such prior agreement or understanding automatically shall
be deemed to have been terminated and shall be null and void.

9. Representation. Executive acknowledges that he (a) has reviewed this Agreement in its
entirety, and/or (b) has had an opportunity to obtain the advice of separate legal counsel prior to
executing this Agreement, and (c) fully understands all provisions of this Agreement.

10. Assignment; Binding Effect. Executive understands that he has been selected for
employment by the Company on the basis of his personal and professional qualifications, experience
and skills. Executive agrees, therefore, that he cannot assign or delegate all or any portion of
his performance under this Agreement. This Agreement may not be assigned or transferred by the
Company without the prior written consent of Executive. Subject to the preceding two sentences,
this Agreement shall be binding upon, inure to the benefit of, and be enforceable by the parties
hereto and their respective heirs, legal representatives, successors, and assigns. Notwithstanding
the foregoing, if Executive accepts employment with an Affiliate, unless Executive and his new
employer agree otherwise in writing, this Agreement shall automatically be deemed to have been
assigned to such new employer
(which shall thereafter be an additional or substitute beneficiary of the covenants contained
herein, as appropriate), with the consent of Executive, such assignment shall be considered a
condition of employment by such new employer, and references to the “Company” in this Agreement
shall be deemed to refer to such new employer.

 

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11. Complete Agreement; Waiver; Amendment. This Agreement is not a promise of future
employment. Executive has no oral representations, understandings or agreements with the Company
or any of its officers, directors or representatives covering the same subject matter as this
Agreement. This Agreement is the final, complete and exclusive statement and expression of the
agreement between the Company and Executive with respect to the subject matter hereof and thereof,
and cannot be varied, contradicted, or supplemented by evidence of any prior or contemporaneous
oral or written agreements. This Agreement may not be later modified except by a further writing
signed by a duly authorized officer of the Company and Executive, and no term of this Agreement may
be waived except by a writing signed by the party waiving the benefit of such term.

12. Notice. All notices, requests, demands and other communications required or permitted
to be given under this Agreement shall be in writing and shall be given or made by personally
delivering the same to or sending the same by prepaid certified or registered mail, return receipt
requested, or by reputable overnight courier, or by facsimile machine to the party to which it is
directed at the address set out on the signature page to this Agreement or at such other address as
such party shall have specified by written notice to the other party as provided in this Section,
and shall be deemed to be given if delivered personally at the time of delivery, or if sent by
certified or registered mail as herein provided three (3) days after the same shall have been
posted, or if sent by reputable overnight courier upon receipt, or if sent by facsimile machine as
soon as the sender receives written or telephonic confirmation that the facsimile was received by
the recipient and such facsimile is followed the same day by mailing by prepaid first class mail.

13. Severability; Headings. If any portion of this Agreement is held invalid or
inoperative, the other portions of this Agreement shall be deemed valid and operative and, so far
as is reasonable and possible, effect shall be given to the intent manifested by the portion held
invalid and inoperative. This severability provision shall be in addition to, and not in place of,
the provisions of Section 5(c) above. The Sections headings herein are for reference purposes only
and are not intended in any way to describe, interpret, define or limit the extent or intent of
this Agreement or of any part hereof.

14. Equitable Remedy. Because of the difficulty of measuring economic losses to the
Company as a result of a breach of the restrictive covenants set forth in Sections 5 and 6 hereof,
and because of the immediate and irreparable damage that would be caused to the Company for which
monetary damages would not be a sufficient remedy, it is hereby agreed that in addition to all
other remedies that may be available to the Company at law or in equity, the Company shall be
entitled to specific performance and any injunctive or other equitable relief as a remedy for any
breach or threatened breach of the aforementioned restrictive covenants.

15. Arbitration. Except as provided in Section 14 hereof, any unresolved dispute or
controversy arising under or in connection with this Agreement or otherwise concerning Executive’s
relationship with the Company, whether arising in contract, tort or otherwise, shall be settled
exclusively by arbitration conducted in accordance with the rules of the American Arbitration
Association applicable to the arbitration of employment disputes then in effect. The arbitrators
shall not have the authority to add to, detract from, or modify any provision hereof, nor to award
punitive damages to any injured party. A decision by a majority of the arbitration panel shall be
final and binding. Judgment may be entered on the arbitrators’ award in any court having
jurisdiction. The arbitration proceeding shall be held in Boston, Massachusetts, or such other
location as the parties mutually agree. Notwithstanding the foregoing, either party shall be
entitled to seek injunctive or other equitable relief, including but not limited to that
contemplated by Section 14 hereof, from any court of competent jurisdiction, without the need to
resort to arbitration. Should judicial proceedings be commenced to enforce or carry out this
provision or any arbitration award, the prevailing party in such proceedings shall be entitled to
reasonable attorneys’ fees and costs in addition to other relief.

16. Governing Law and Governing Venue. Any or all disputes, disagreements, or litigation
relating to or under terms of this Agreement, including any arbitration or litigation relating to
any arbitration under Section 15, shall be litigated and/or arbitrated in the Commonwealth of
Massachusetts, unless otherwise mutually agreed by the parties. In order to effectuate this
provision, the parties expressly consent to personal jurisdiction in Massachusetts and to a
Massachusetts venue. This Agreement shall in all respects be construed according to the
substantive laws of the Commonwealth of Virginia, without regard to its conflict of laws
principles.

 

8

 

17. Counterparts. This Agreement may be executed in any number of counterparts, each of
which may be executed by less than all of the parties to this Agreement, each of which shall be
enforceable against the parties actually executing such counterparts, and all of which together
shall constitute one instrument.

18. Signatures. The parties shall be entitled to rely upon and enforce a facsimile of any
authorized signatures as if it were the original.

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

{signature page follows}

 

9

 

	 	 	 	 	 	 	 	 	 
	COMPANY:	 	 	 	EXECUTIVE:	 	 
	STAR SCIENTIFIC, INC.	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	/S/ Paul L. Perito
 

	 	 
	 	/s/ Curtis Wright
 

	 	 
	 

	 	(Signature)
	 	 	 	(Signature)	 	 
	 
	 	 	 	 	 	 	 	 
	Paul L. Perito, Chairman, President and

Chief Operating Officer

1250 24th Street, N.W.

Washington, D.C. 20037	 	 	 	Curtis Wright, MD, MPH

21 Summit Avenue

Rockport, Massachusetts 02140	 	 

 

10exv4w2

Exhibit 4.2

 

DELL INC.

AND

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

AS TRUSTEE

 

INDENTURE

DATED AS OF APRIL 6, 2009

 

DEBT SECURITIES

AS MAY BE ISSUED FROM TIME TO TIME IN ONE OR MORE SERIES

      

1

 

DELL INC.

CROSS-REFERENCE TABLE

	 	 	 
	Trust Indenture Act Section	 	Indenture Section
	310(a)(1)
	 	609
	(a)(2)
	 	609
	(a)(3)
	 	Not Applicable
	(a)(4)
	 	Not Applicable
	(b)
	 	608, 610, 611
	(c)
	 	Not Applicable
	311(a)
	 	613
	(b)
	 	613
	(c)
	 	Not Applicable
	312(a)
	 	701, 702(a)
	(b)
	 	702(b)
	(c)
	 	702(c)
	313(a)
	 	703(a)
	(b)(1)
	 	Not Applicable
	(b)(2)
	 	703(a)
	(c)
	 	703(a)
	(d)
	 	703(b)
	314(a)
	 	704
	(a)(4)
	 	1004
	(b)
	 	Not Applicable
	(c)(1)
	 	102
	(c)(2)
	 	102
	(c)(3)
	 	Not Applicable
	(d)
	 	Not Applicable
	(e)
	 	102
	315(a)
	 	601,603(1)
	(b)
	 	602
	(c)
	 	601
	(d)
	 	601
	(e)
	 	512
	316(a)
	 	101
	(a)(1)(A)
	 	512
	(a)(1)(B)
	 	513
	(a)(2)
	 	Not Applicable
	(b)
	 	508
	(c)
	 	104(e)
	317(a)(1)
	 	503
	(a)(2)
	 	504
	(b)
	 	1003
	318(a)
	 	107

 

This cross-reference table shall not, for any purpose, be deemed to be part of the Indenture.

 

2

 

TABLE OF CONTENTS

	 	 	 	 	 

	ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	 	 	1	 
	 
	 	 	 	 
	Section 101. Definitions
	 	 	1	 
	Section 102. Certificates and Opinions
	 	 	10	 
	Section 103. Form of Documents Delivered to Trustee
	 	 	10	 
	Section 104. Acts of Holders; Record Dates
	 	 	11	 
	Section 105. Notices, Etc., to Trustee and Company
	 	 	12	 
	Section 106. Notice to Holders; Waiver
	 	 	13	 
	Section 107. Conflict with Trust Indenture Act
	 	 	13	 
	Section 108. Effect of Headings and Table of Contents
	 	 	13	 
	Section 109. Successors and Assigns
	 	 	13	 
	Section 110. Separability Clause
	 	 	14	 
	Section 111. Benefits of Indenture
	 	 	14	 
	Section 112. Governing Law
	 	 	14	 
	Section 113. Legal Holidays
	 	 	14	 
	Section 114. No Recourse Against Others
	 	 	14	 
	Section 115. Counterparts
	 	 	14	 
	Section 116. Force Majeure
	 	 	15	 
	Section 117. Waiver of Jury Trial
	 	 	15	 
	 
	 	 	 	 
	ARTICLE TWO SECURITY FORMS
	 	 	15	 
	 
	 	 	 	 
	Section 201. Forms Generally
	 	 	15	 
	Section 202. Form of Face of Security
	 	 	15	 
	Section 203. Form of Reverse of Security
	 	 	18	 
	Section 204. Form of Legend for Global Securities
	 	 	22	 
	Section 205. Form of Trustee’s Certificate of Authentication
	 	 	22	 
	 
	 	 	 	 
	ARTICLE THREE THE SECURITIES
	 	 	22	 
	 
	 	 	 	 
	Section 301. Amount Unlimited; Issuable in Series
	 	 	22	 
	Section 302. Denominations
	 	 	25	 
	Section 303. Execution, Authentication, Delivery and Dating
	 	 	25	 
	Section 304. Temporary Securities
	 	 	27	 
	Section 305. Registration, Registration of Transfer and Exchange; Paying Agent
	 	 	27	 
	Section 306. Replacement Securities
	 	 	29	 
	Section 307. Payment of Interest; Interest Rights Preserved
	 	 	30	 
	Section 308. Persons Deemed Owners
	 	 	31	 
	Section 309. Cancellation
	 	 	32	 
	Section 310. Computation of Interest
	 	 	32	 
	Section 311. Wire Transfers
	 	 	32	 
	Section 312. CUSIP Numbers
	 	 	32	 
	 
	 	 	 	 
	ARTICLE FOUR SATISFACTION AND DISCHARGE
	 	 	33	 
	 
	 	 	 	 
	Section 401. Satisfaction and Discharge of Indenture
	 	 	33	 
	Section 402. Application of Trust Money
	 	 	34	 

3

 

	 	 	 	 	 

	ARTICLE FIVE REMEDIES OF THE TRUSTEE AND HOLDERS IN EVENT OF DEFAULT
	 	 	34	 
	 
	 	 	 	 
	Section 501. Events of Default
	 	 	34	 
	Section 502. Acceleration of Maturity; Rescission and Annulment
	 	 	36	 
	Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee
	 	 	37	 
	Section 504. Trustee May File Proofs of Claim
	 	 	38	 
	Section 505. Trustee May Enforce Claims Without Possession of Securities
	 	 	39	 
	Section 506. Application of Money Collected
	 	 	39	 
	Section 507. Limitation on Suits
	 	 	40	 
	Section 508. Unconditional Right of Holders to Receive Principal, Premium and Interest
	 	 	41	 
	Section 509. Restoration of Rights and Remedies
	 	 	41	 
	Section 510. Rights and Remedies Cumulative
	 	 	41	 
	Section 511. Delay or Omission Not Waiver
	 	 	41	 
	Section 512. Control by Holders
	 	 	42	 
	Section 513. Waiver of Past Defaults
	 	 	42	 
	Section 514. Undertaking for Costs
	 	 	43	 
	Section 515. Waiver of Stay or Extension Laws
	 	 	43	 
	 
	 	 	 	 
	ARTICLE SIX THE TRUSTEE
	 	 	43	 
	 
	 	 	 	 
	Section 601. Certain Duties and Responsibilities
	 	 	43	 
	Section 602. Notice of Defaults
	 	 	44	 
	Section 603. Certain Rights of Trustee
	 	 	44	 
	Section 604. Not Responsible for Recitals or Issuance of Securities
	 	 	45	 
	Section 605. May Hold Securities
	 	 	46	 
	Section 606. Money Held in Trust
	 	 	46	 
	Section 607. Compensation and Reimbursement
	 	 	46	 
	Section 608. Disqualification; Conflicting Interests
	 	 	47	 
	Section 609. Corporate Trustee Required; Eligibility
	 	 	47	 
	Section 610. Resignation and Removal; Appointment of Successor
	 	 	47	 
	Section 611. Acceptance of Appointment by Successor
	 	 	49	 
	Section 612. Merger, Conversion, Consolidation or Succession to Business
	 	 	50	 
	Section 613. Preferential Collection of Claims Against Company
	 	 	50	 
	Section 614. Appointment of Authenticating Agent
	 	 	50	 
	Section 615. Compliance with Tax Laws
	 	 	52	 
	 
	 	 	 	 
	ARTICLE SEVEN HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	 	 	52	 
	 
	 	 	 	 
	Section 701. Company to Furnish Trustee Names and Addresses of Holders
	 	 	52	 
	Section 702. Preservation of Information; Communications to Holders
	 	 	52	 
	Section 703. Reports by Trustee
	 	 	53	 
	Section 704. Reports by Company
	 	 	53	 
	 
	 	 	 	 
	ARTICLE EIGHT CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	 	 	54	 
	 
	 	 	 	 
	Section 801. Company May Consolidate, Etc., Only on Certain Terms
	 	 	54	 

4

 

	 	 	 	 	 

	Section 802. Successor Substituted
	 	 	54	 
	 
	 	 	 	 
	ARTICLE NINE SUPPLEMENTAL INDENTURES
	 	 	54	 
	 
	 	 	 	 
	Section 901. Supplemental Indentures Without Consent of Holders
	 	 	54	 
	Section 902. Supplemental Indentures with Consent of Holders
	 	 	56	 
	Section 903. Execution of Supplemental Indentures
	 	 	57	 
	Section 904. Effect of Supplemental Indentures
	 	 	57	 
	Section 905. Conformity with Trust Indenture Act
	 	 	57	 
	Section 906. Reference in Securities to Supplemental Indentures
	 	 	57	 
	 
	 	 	 	 
	ARTICLE TEN PARTICULAR COVENANTS OF THE COMPANY
	 	 	58	 
	 
	 	 	 	 
	Section 1001. Payment of Principal, Premium and Interest
	 	 	58	 
	Section 1002. Maintenance of Office or Agency
	 	 	58	 
	Section 1003. Money for Securities Payments to Be Held in Trust
	 	 	58	 
	Section 1004. Statement by Officers as to Default
	 	 	59	 
	Section 1005. Existence
	 	 	59	 
	Section 1006. Maintenance of Properties
	 	 	60	 
	Section 1007. Payment of Taxes and Other Claims
	 	 	60	 
	Section 1008. Limitations on Liens
	 	 	60	 
	Section 1009. Limitations on Sale and Lease-Back Transactions
	 	 	61	 
	Section 1010. Waiver of Certain Covenants
	 	 	61	 
	 
	 	 	 	 
	ARTICLE ELEVEN REDEMPTION OF SECURITIES
	 	 	62	 
	 
	 	 	 	 
	Section 1101. Applicability of Article
	 	 	62	 
	Section 1102. Election to Redeem; Notice to Trustee
	 	 	62	 
	Section 1103. Selection by Trustee of Securities to Be Redeemed
	 	 	62	 
	Section 1104. Notice of Redemption
	 	 	63	 
	Section 1105. Deposit of Redemption Price
	 	 	64	 
	Section 1106. Securities Payable on Redemption Date
	 	 	64	 
	Section 1107. Securities Redeemed in Part
	 	 	64	 
	 
	 	 	 	 
	ARTICLE TWELVE SINKING FUNDS
	 	 	65	 
	 
	 	 	 	 
	Section 1201. Applicability of Article
	 	 	65	 
	Section 1202. Satisfaction of Sinking Fund Payments with Securities
	 	 	65	 
	Section 1203. Redemption of Securities for Sinking Fund
	 	 	65	 
	 
	 	 	 	 
	ARTICLE THIRTEEN DEFEASANCE AND COVENANT DEFEASANCE
	 	 	66	 
	 
	 	 	 	 
	Section 1301. Company’s Option to Effect Defeasance or Covenant Defeasance
	 	 	66	 
	Section 1302. Defeasance and Discharge
	 	 	66	 
	Section 1303. Covenant Defeasance
	 	 	66	 
	Section 1304. Conditions to Defeasance or Covenant Defeasance
	 	 	67	 
	Section 1305. Deposited Money and U.S. Government Obligations to be Held
in Trust; Indemnity for U.S. Government Obligations; Repayment to
Company
	 	 	68	 
	Section 1306. Reinstatement
	 	 	69	 

5

 

	 	 	 	 	 

	 
	 	 	 	 
	ARTICLE FOURTEEN REPAYMENT AT OPTION OF SECURITY HOLDERS
	 	 	69	 
	 
	 	 	 	 
	Section 1401. Applicability of Article
	 	 	69	 
	Section 1402. Repayment of Securities
	 	 	69	 
	Section 1403. Exercise of Option; Notice
	 	 	69	 
	Section 1404. Securities Payable on the Repayment Date
	 	 	70	 

6

 

          INDENTURE, dated as of April 6, 2009, between DELL INC., a corporation duly organized and
existing under the laws of the State of Delaware (herein called the “Company”), having its
principal office at One Dell Way, Round Rock, Texas 78682, and The Bank of New York Mellon Trust
Company, N.A., a national banking association duly organized and existing under the laws of the
United States, as Trustee hereunder (herein called the “Trustee”).

RECITALS OF THE COMPANY

          The Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance from time to time of its unsecured debentures, notes or other evidences of
indebtedness (herein called the “Securities”), unlimited as to principal amount, to bear such rates
of interest, to mature at such time or times, to be issued in one or more series and to have such
other provisions as shall be fixed as hereinafter provided.

          All things necessary to make this Indenture a valid agreement of the Company, in accordance
with its terms, have been done.

          NOW, THEREFORE, THIS INDENTURE WITNESSETH

          For and in consideration of the premises and the purchase of the Securities by the Holders
thereof, it is mutually agreed, for the equal and proportionate benefit of all Holders of the
Securities or of any series thereof, as follows:

ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

Section 101. Definitions.

          For all purposes of this Indenture, except as otherwise expressly provided or unless the
context otherwise requires:

          (1) the terms defined in this Article have the meanings assigned to them in this Article and
include the plural as well as the singular;

          (2) all other terms used herein which are defined in the Trust Indenture Act, either directly
or by reference therein, have the meanings assigned to them therein;

          (3) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles in the United States of America, and,
except as otherwise herein expressly provided, the term “generally accepted accounting principles”
with respect to any computation required or permitted hereunder shall mean such accounting
principles as are generally accepted at the date of such computation; and

1

 

          (4) the words “herein,” “hereof” and “hereunder” and other words of similar import refer
to this Indenture as a whole and not to any particular Article, Section or other subdivision.

          “Act”, when used with respect to any Holder, has the meaning specified in Section 104.

          “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For the
purposes of this definition, “control” when used with respect to any specified Person means the
power to direct the management and policies of such Person, directly or indirectly, whether through
the ownership of voting securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing.

          “Attributable Indebtedness” when used in connection with a Sale and Lease-Back Transaction
involving a Principal Property means, at the time of determination, the lesser of (a) the fair
market value of property or assets involved in the Sale and Lease-Back Transaction (as determined
in good faith by the Company’s Board of Directors), (b) the present value of the total net amount
of rent required to be paid under such lease during the remaining term thereof (including any
renewal term or period for which such lease has been extended) computed by discounting from the
respective due dates to such date such total net amount of rent at the rate of interest set forth
or implicit in the terms of such lease or, if not practicable to determine such rate, the rate per
annum equal to the weighted average interest rate per annum borne by the Securities of each series
Outstanding pursuant to this Indenture compounded semi-annually, or (c) if the obligation with
respect to the Sale and Lease-Back Transaction constitutes an obligation that is required to be
classified and accounted for as a capitalized lease for financial reporting purposes in accordance
with generally accepted accounting principles, the amount equal to the capitalized amount of such
obligation determined in accordance with generally accepted accounting principles and included in
the financial statements of the lessee. For purposes of the foregoing definition, rent shall not
include amounts required to be paid by the lessee, whether or not designated as rent or additional
rent, on account of or contingent upon maintenance and repairs, insurance, taxes, assessments,
water rates and similar charges. In the case of any lease that is terminable by the lessee upon the
payment of a penalty, such net amount shall be the lesser of the net amount determined assuming
termination upon the first date such lease may be terminated (in which case the net amount shall
also include the amount of the penalty, but no rent shall be considered as required to be paid
under such lease subsequent to the first date upon which it may be so terminated) or the net amount
determined assuming no such termination.

          “Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 614 to
act on behalf of the Trustee to authenticate Securities of one or more series.

          “Board of Directors” means either the board of directors of the Company or any committee of
that board duly authorized to act for it in respect thereof.

          “Board Resolution” means a copy of one or more resolutions certified by the Secretary or an
Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in
full force and effect on the date of such certification, and delivered to the Trustee.

2

 

          “Business Day”, when used with respect to any Place of Payment, means each Monday,
Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that
Place of Payment are authorized or obligated by law or executive order to close, except as may
otherwise be provided in the form of Securities of any particular series pursuant to the provisions
of this Indenture.

          “Commission” means the Securities and Exchange Commission, as from time to time constituted,
created under the Exchange Act, or, if at any time after the execution of this instrument such
Commission is not existing and performing the duties now assigned to it under the Trust Indenture
Act, then the body performing such duties at such time.

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

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

          “Consolidated Net Tangible Assets” means, as of any particular time, the aggregate amount of
assets (less applicable reserves and other properly deductible items) after deducting therefrom:
(a) all current liabilities except for (1) notes and loans payable, (2) current maturities of
long-term debt and (3) current maturities of obligations under capital leases; and (b) to the
extent included in such aggregate amount of assets, all goodwill, trade names, trademarks, patents,
organization expenses, unamortized debt discount and expenses (other than capitalized unamortized
product development costs, such as, without limitation, capitalized hardware and software
development costs), all as set forth on the most recent consolidated balance sheet of the Company
and its consolidated Subsidiaries and computed in accordance with generally accepted accounting
principles.

          “Corporate Trust Office” means the designated office of the Trustee at which at any particular
time its corporate trust business shall be conducted, which office, at the date of execution of
this Indenture, is located at 601 Travis Street, 16th Floor, Houston, Texas 77002, Attention:
Corporate Trust Administration, or at such other address as the Trustee may designate from time to
time by notice to the Holders and the Company.

          “Covenant Defeasance” has the meaning specified in Section 1303.

          “Debt” has the meaning specified in Section 1008.

          “Defaulted Interest” has the meaning specified in Section 307.

3

 

          “Defeasance” has the meaning specified in Section 1302.

          “Depositary” means, with respect to Securities of any series issuable in whole or in part in
the form of one or more Global Securities, a clearing agency registered under the Exchange Act that
is designated to act as Depositary for such Securities as contemplated by Section 301(r).

          “Equivalent Principal Terms” has the meaning specified in Section 1102.

          “Event of Default” has the meaning specified in Section 501.

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

          “Global Security” means a Security that evidences all or part of the Securities of any series
and is authenticated and delivered to, and registered in the name of, the Depositary for such
Securities or a nominee thereof.

          “Holder” means a Person in whose name a Security is registered in the Security Register.

          “Indenture” means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the
applicable provisions hereof, including, for all purposes of this instrument and any such
supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of
and govern this instrument and any such supplemental indenture, respectively. The term “Indenture”
shall also include the terms of the particular series of Securities established as contemplated by
Section 301; provided, however, that if at any time more than one Person is acting as Trustee under
this Indenture due to the appointment of one or more separate Trustees for any one or more separate
series of Securities, “Indenture” shall mean, with respect to such series of Securities for which
any such Person is Trustee, this instrument as originally executed or as it may from time to time
be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to
the applicable provisions hereof and shall include the terms of particular series of Securities for
which such Person is Trustee established as contemplated by Section 301, exclusive, however, of any
provisions or terms which relate solely to other series of Securities for which such Person is not
Trustee, regardless of when such terms or provisions were adopted, and exclusive of any provisions
or terms adopted by means of one or more indentures supplemental hereto executed and delivered
after such Person had become such Trustee, but to which such Person, as such Trustee, was not a
party; provided further that in the event that this indenture is supplemented or amended by one or
more indentures supplemental hereto which are only applicable to certain series of Securities, the
term “Indenture” for a particular series of Securities shall only include the supplemental
indentures applicable thereto.

          “Interest Payment Date”, when used with respect to any Security, means the Stated Maturity of
an installment of interest on such Security.

          “Judgment Currency” has the meaning specified in Section 506.

4

 

          “Lien” and “liens” have the respective meanings specified in Section 1008.

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

          “Nonrecourse Obligation” means indebtedness or other obligations substantially related to (a)
the acquisition of assets not previously owned by the Company or any Subsidiary or (b) the
financing of a project involving the development or expansion of properties of the Company or any
Subsidiary, as to which the obligee with respect to such indebtedness or obligation has no recourse
to the Company or any Subsidiary or any assets of the Company or any Subsidiary other than the
assets which were acquired with the proceeds of such transaction or the project financed with the
proceeds of such transaction (and the proceeds thereof).

          “Notice of Default” means a written notice of the kind specified in Section 501(4).

          “Officer” means the Chairman, any Vice Chairman, the President, or a Vice President, the
Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary, of the Company.

          “Officers’ Certificate” means a certificate signed by the Chairman, any Vice Chairman, the
President or a Vice President, and by the Treasurer, an Assistant Treasurer, the Secretary or an
Assistant Secretary, of the Company, and delivered to the Trustee.

          “Opinion of Counsel” means a written opinion of counsel, who may be counsel for the Company
(and who may be an employee of the Company), or other counsel acceptable to the Trustee.

          “Original Issue Discount Security” means any Security which provides for an amount less than
the principal amount thereof to be due and payable upon a declaration of acceleration of the
Maturity thereof pursuant to Section 502.

          “Outstanding”, when used with respect to Securities, means, as of the date of determination,
all Securities theretofore authenticated and delivered under this Indenture, except:

     (1) Securities theretofore canceled by the Trustee or delivered to the Trustee for
cancellation;

     (2) Securities for whose payment or redemption money in the necessary amount has been
theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or
set aside and segregated in trust by the Company (if the Company shall act as its own Paying
Agent) for the Holders of such Securities; provided that, if such Securities are to be
redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision
therefor satisfactory to the Trustee has been made;

5

 

     (3) Securities as to which Defeasance has been effected pursuant to Section 1302; and

     (4) Securities which have been paid pursuant to Section 307 or in exchange for or in lieu
of which other Securities have been authenticated and delivered pursuant to this Indenture,
other than any such Securities in respect of which there shall have been presented to the
Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in
whose hands such Securities are valid obligations of the Company; provided, however, that in
determining whether the Holders of the requisite principal amount of the Outstanding Securities
have given any request, demand, authorization, direction, notice, consent or waiver hereunder
or are present at a meeting of Holders for quorum purposes, (a) the principal amount of an
Original Issue Discount Security that shall be deemed to be Outstanding shall be the amount of
the principal thereof that would be due and payable as of the date of such determination upon
acceleration of the Maturity thereof pursuant to Section 502, (b) the principal amount of a
Security denominated in one or more foreign currencies or currency units shall be the U.S.
dollar equivalent, determined in the manner provided as contemplated by Section 301(l) on the
date of original issuance of such Security, of the principal amount (or, in the case of an
Original Issue Discount Security, the U.S. dollar equivalent on the date of original issuance
of such Security of the amount determined as provided in (a) above) of such Security, and (c)
Securities owned by the Company or any other obligor upon the Securities or any Affiliate of
the Company or of such other obligor shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in relying upon any such
request, demand, authorization, direction, notice, consent or waiver or upon any such
determination as to the presence of a quorum, only Securities which the Trustee knows to be so
owned shall be so disregarded. Securities so owned which have been pledged in good faith may be
regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the
pledgee’s right so to act with respect to such Securities and that the pledgee is not the
Company or any other obligor upon the Securities or any Affiliate of the Company or of such
other obligor.

          “Paying Agent” has the meaning specified in Section 305.

          “Permitted Liens” means (a) liens on property, shares of stock, indebtedness or other assets
of any Person existing at the time such Person becomes a Subsidiary; provided that such liens are
not incurred in anticipation of such Person becoming a Subsidiary; (b)(i) liens on property, shares
of stock, indebtedness or other assets existing at the time of acquisition thereof by the Company
or a Subsidiary or liens thereon to secure the payment of all or any part of the purchase price
thereof, or (ii) liens on property, shares of stock, indebtedness or other assets to secure any
Debt incurred prior to, at the time of, or within one year after, the latest of the acquisition
thereof, or, in the case of property, the completion of construction, the completion of
improvements or the commencement of substantial commercial operation of such property for the
purpose of financing all or any part of the purchase price thereof, such construction or the making
of such improvements; (c) liens to secure Debt owing to the Company or to a Subsidiary; (d) liens
existing on the date of initial issuance of the Securities of such series; (e) liens on

6

 

property or other assets of a Person (which is not a Subsidiary) existing at the time such
Person is merged into or consolidated with the Company or a Subsidiary or at the time of a sale,
lease or other disposition of the properties of a Person as an entirety or substantially as an
entirety to the Company or a Subsidiary; (f) liens in favor of the United States of America or any
State, territory or possession thereof (or the District of Columbia), or any department, agency,
instrumentality or political subdivision of the United States of America or any State, territory or
possession thereof (or the District of Columbia), to secure partial, progress, advance or other
payments pursuant to any contract or statute or to secure any Debt incurred for the purpose of
financing all or any part of the purchase price or the cost of constructing or improving the
property subject to such liens; (g) liens created in connection with a project financed with, and
created to secure, a Nonrecourse Obligation; (h) liens on any property to secure bonds for the
construction, installation or financing of pollution control or abatement facilities, or other
forms of industrial revenue bond financing, or indebtedness issued or guaranteed by the United
States, any State or any department, agency or instrumentality thereof; and (i) any extensions,
renewals or replacements (or successive extensions, renewals or replacements), in whole or in part,
of any lien referred to in the foregoing clauses (a) through (h), without increase of the principal
of the Debt secured thereby; provided, however, that any liens permitted by any of the foregoing
clauses (a) through (h) shall not extend to or cover any property of the Company or such
Subsidiary, as the case may be, other than the property specified in such clauses and improvements
thereto.

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

          “Place of Payment”, when used with respect to the Securities of any series, means the place or
places where the principal of and any premium and interest on the Securities of that series are
payable as specified as contemplated by Section 301.

          “Predecessor Security” of any particular Security means every previous Security evidencing all
or a portion of the same debt as that evidenced by such particular Security and, for the purposes
of this definition, any Security authenticated and delivered under Section 306 in exchange for or
in lieu of a mutilated, destroyed, lost or wrongfully taken Security shall be deemed to evidence
the same debt as the mutilated, destroyed, lost or wrongfully taken Security.

          “Principal Property” means the land, land improvements, buildings and fixtures (to the extent
they constitute real property interests) (including any leasehold interest therein) constituting
the principal corporate office, any manufacturing plant or any manufacturing facility (whether
owned at the date of this Indenture or thereafter acquired) and the equipment located thereon which
(a) is owned by the Company or any Subsidiary; (b) has not been determined in good faith by the
Board of Directors not to be materially important to the total business conducted by the Company
and its Subsidiaries taken as a whole; and (c) has a net book value on the date as of which the
determination is being made in excess of 1% of Consolidated Net Tangible Assets of the Company as
most recently determined on or prior to such date (including for purposes of such calculation the
land, land improvements, buildings and such fixtures comprising such office, plant or facility, as
the case may be).

7

 

          “Redemption Date”, when used with respect to any Security to be redeemed, means the date
fixed for such redemption by or pursuant to this Indenture.

          “Redemption Price”, when used with respect to any Security to be redeemed, means the price at
which it is to be redeemed pursuant to this Indenture.

          “Regular Record Date” for the interest payable on any Interest Payment Date on the Securities
of any series means the date specified for that purpose as contemplated by Section 301.

          “Repayment Date”, when used with respect to any Security to be repaid upon exercise of option
for repayment by the Holders, means the date fixed for such repayment by or pursuant to this
Indenture.

          “Repayment Price”, when used with respect to any Security to be repaid upon the exercise of an
option for repayment by the Holder, means the price at which it is to be repaid pursuant to this
Indenture.

          “Required Currency” has the meaning specified in Section 506.

          “Sale and Lease-Back Transaction” means any arrangement with any Person providing for the
leasing by the Company or any Subsidiary of any Principal Property, which property has been or is
to be sold or transferred by the Company or such Subsidiary to such Person, other than (a) any such
transaction involving a lease for a term of not more than three years, (b) any such transaction
between the Company and a Subsidiary or between Subsidiaries, or (c) any such transaction executed
by the time of or within one year after the latest of the acquisition, the completion of
construction or improvement or the commencement of commercial operation of such Principal Property.

          “Security” or “Securities” has the meaning stated in the first recital of this Indenture and
more particularly means any Security or Securities authenticated and delivered under this
Indenture.

          “Security Register” and “Security Registrar” have the respective meanings specified in Section
305.

          “series” means Securities that bear the same rate of interest and have the same Stated
Maturities.

          “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the
Trustee pursuant to Section 307(1).

          “Stated Maturity”, when used with respect to any Security or any installment of principal
thereof or interest thereon, means the date specified in such Security as the fixed date on which
the principal of such Security or such installment of principal or interest is due and payable.

8

 

          “Subsidiary” means (a) any Person of which more than 50% of the outstanding voting stock
is at the time owned, directly or indirectly, by the Company or by one or more other Subsidiaries
of the Company, or (b) any other Person (other than a corporation) in which the Company or one or
more other Subsidiaries of the Company directly or indirectly has more than 50% equity ownership
and power to direct the policies, management and affairs thereof. For the purposes of this
definition, “voting stock” means stock that ordinarily has voting power for the election of
directors, whether at all times or only so long as no senior class of stock has such voting power
by reason of any contingency.

          “Successor Company” has the meaning specified in Section 801.

          “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of
which this instrument was executed, except as provided in Section 905; provided, however, that in
the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means,
to the extent required by any such amendment, the Trust Indenture Act of 1939.

          “Trust Officer” means the Chairman of the Board, the President or any other officer or
assistant officer of the Trustee assigned by the Trustee to administer its corporate trust matters.

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

          “Uniform Commercial Code” means the New York Uniform Commercial Code as in effect from time to
time.

          “U.S. Government Obligations” means securities that are (a) direct obligations of the United
States of America for the payment of which its full faith and credit is pledged or (b) obligations
of a Person controlled or supervised by and acting as an agency or instrumentality of the United
States of America, the timely payment of which is unconditionally guaranteed as a full faith and
credit obligation by the United States of America, which, in either case under clauses (a) or (b)
are not callable or redeemable at the option of the issuer thereof, and shall also include a
depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act of 1933,
as amended) as custodian with respect to any such U.S. Government Obligation or a specific payment
of interest on or principal of any such U.S. Government Obligation held by such custodian for the
account of the holder of a depository receipt, provided that (except as required by law) such
custodian is not authorized to make any deduction from the amount payable to the holder of such
depository receipt from any amount received by the custodian in respect of the U.S. Government
Obligation or the specific payment of principal of or interest on the U.S. Government Obligation
evidenced by such depository receipt.

9

 

          “Vice President”, when used with respect to the Company, means any vice president,
whether or not designated by a number or a word or words added before or after the title “vice
president”.

Section 102. Certificates and Opinions.

          Upon any application or request by the Company to the Trustee to take any action under any
provision of this Indenture, the Company shall furnish to the Trustee such certificates and
opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall
be given in the form of an Officers’ Certificate, if to be given by an officer of the Company, or
an Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the
Trust Indenture Act and any other requirements set forth in this Indenture.

          Every certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture (other than those provided for in Section 1004) shall include:

     (1) a statement that each individual signing such certificate or opinion has read such
covenant or condition and the definitions herein related thereto;

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

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

     (4) a statement as to whether, in the opinion of each such individual, such condition or
covenant has been complied with.

Section 103. Form of Documents Delivered to Trustee.

          In any case where several matters are required to be certified by, or covered by an opinion
of, any specified Person, it is not necessary that all such matters be certified by, or covered by
the opinion of, only one such Person, or that they be so certified or covered by only one document,
but one such Person may certify or give an opinion with respect to some matters and one or more
other such Persons as to other matters, and any such Person may certify or give an opinion as to
such matters in one or several documents.

          Any certificate or opinion of an officer of the Company may be based, insofar as it relates to
legal matters, upon a certificate or opinion of, or representations by, counsel, unless such
officer knows, or in the exercise of reasonable care should know, that the certificate or opinion
or representations with respect to the matters upon which his certificate or opinion is based are
erroneous. Any such certificate or opinion of counsel may be based, insofar as it

10

 

relates to factual matters, upon a certificate or opinion of, or representations by, an
officer or officers of the Company stating that the information with respect to such factual
matters is in the possession of the Company, unless such counsel knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations with respect to
such matters are erroneous.

          Where any Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this Indenture, they may,
but need not, be consolidated and form one instrument.

Section 104. Acts of Holders; Record Dates.

          (a) Any request, demand, authorization, direction, notice, consent, waiver or other action
provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such Holders in person or by an agent
duly appointed in writing; and, except as herein otherwise expressly provided, such action shall
become effective when such instrument or instruments are delivered to the Trustee and, where it is
hereby expressly required, to the Company. Such instrument or instruments (and the action embodied
therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing
such instrument or instruments. Proof of execution of any such instrument or of a writing
appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to
Section 601) conclusive in favor of the Trustee and the Company, if made in the manner provided in
this Section.

          (b) The fact and date of the execution by any Person of any such instrument or writing may be
proved by the affidavit of a witness of such execution or by a certificate of a notary public or
other officer authorized by law to take acknowledgments of deeds, certifying that the individual
signing such instrument or writing acknowledged to him the execution thereof. Where such execution
is by a signer acting in a capacity other than his individual capacity, such certificate or
affidavit shall also constitute sufficient proof of his authority. The fact and date of the
execution of any such instrument or writing, or the authority of the Person executing the same, may
also be proved in any other manner which the Trustee deems sufficient.

          (c) The ownership of Securities shall be proved by the Security Register.

          (d) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the
Holder of any Security shall bind every future Holder of the same Security and the Holder of every
Security issued upon the registration of transfer thereof or in exchange therefor or in lieu
thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company
in reliance thereon, whether or not notation of such action is made upon such Security.

          (e) The Company may, in the circumstances permitted by the Trust Indenture Act, fix any day as
the record date for the purpose of determining the Holders of Securities of any series entitled to
give or take any request, demand, authorization, direction, notice, consent, waiver or other
action, or to vote on any action, authorized or permitted to be given or taken by Holders of
Securities of such series. If not set by the Company prior to the first solicitation of a

11

 

Holder of Securities of such series made by any Person in respect of any such action, or, in
the case of any such vote, prior to such vote, the record date for any such action or vote shall be
the 30th day (or, if later, the date of the most recent list of Holders required to be provided
pursuant to Section 701) prior to such first solicitation or vote, as the case may be. With regard
to any record date for action to be taken by the Holders of one or more series of Securities, only
the Holders of Securities of such series on such date (or their duly designated proxies) shall be
entitled to give or take, or vote on, the relevant action. With regard to any record date set
pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such
record date (or their duly appointed agents), and only such Persons, shall be entitled to give or
take the relevant action, whether or not such Holders remain Holders after such record date. With
regard to any action that may be given or taken hereunder only by Holders of a requisite principal
amount of Outstanding Securities of any series (or their duly appointed agents) and for which a
record date is set pursuant to this paragraph, the Company may, at its option, set an expiration
date after which no such action purported to be given or taken by any Holder shall be effective
hereunder unless given or taken on or prior to such expiration date by Holders of the requisite
principal amount of Outstanding Securities of such series on such record date (or their duly
appointed agents). On or prior to any expiration date set pursuant to this paragraph, the Company
may, on one or more occasions at its option, extend such date to any later date. Nothing in this
paragraph shall prevent any Holder (or any duly appointed agent thereof) from giving or taking,
after any expiration date, any action identical to, or, at any time, contrary to or different from,
any action given or taken, or purported to have been given or taken, hereunder by a Holder on or
prior to such date, in which event the Company may set a record date in respect thereof pursuant to
this paragraph. Notwithstanding the foregoing or the Trust Indenture Act, the Company shall not set
a record date for, and the provisions of this paragraph shall not apply with respect to, any action
to be given or taken by Holders pursuant to Section 501, 502 or 512.

          (f) Without limiting the foregoing, a Holder entitled hereunder to give or take any action
hereunder with regard to any particular Security may do so with regard to all or any part of the
principal amount of such Security or by one or more duly appointed agents each of which may do so
pursuant to such appointment with regard to all or any different part of such principal amount.

Section 105. Notices, Etc., to Trustee and Company.

          Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or
other document provided or permitted by this Indenture to be made upon, given or furnished to, or
filed with,

     (1) the Trustee by any Holder or by the Company shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate
Trust Office, Attention: Corporate Trust Administration, or

     (2) the Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid, to the Company addressed to the attention of the Treasurer at the address of
the Company’s principal office specified in the first paragraph of this instrument or at any
other address previously furnished in writing to the Trustee by the Company; provided, however,
that such notice shall not be deemed to be given until received by the Company.

12

 

Section 106. Notice to Holders; Waiver.

          Where this Indenture provides for notice to Holders of any event, such notice shall be
sufficiently given (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid, to each Holder affected by such event, at his address as it appears in
the Security Register, not later than the latest date (if any), and not earlier than the earliest
date (if any), prescribed for the giving of such notice. In any case where notice to Holders is
given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to
any particular Holder shall affect the sufficiency of such notice with respect to other Holders.
Where this Indenture provides for notice in any manner, such notice may be waived in writing by the
Person entitled to receive such notice, either before or after the event, and such waiver shall be
the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but
such filing shall not be a condition precedent to the validity of any action taken in reliance upon
such waiver.

          In case by reason of the suspension of regular mail service or by reason of any other cause it
shall be impracticable to give such notice by mail, then such notification as shall be made with
the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder.

Section 107. Conflict with Trust Indenture Act.

          If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture
Act that is required under such Act to be a part of and govern this Indenture, the latter provision
shall control. If any provision of this Indenture modifies or excludes any provision of the Trust
Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to
this Indenture as so modified or to be excluded, as the case may be.

Section 108. Effect of Headings and Table of Contents.

          The Article and Section headings herein, the Table of Contents and cross-reference sheet are
for convenience only, are not intended to be considered a part hereof and shall not modify or
restrict any of the terms or provisions hereof.

Section 109. Successors and Assigns.

          All covenants and agreements in this Indenture and the Securities by the Company shall bind
its successors and assigns, whether so expressed or not. All agreements of the Trustee in this
Indenture shall bind its successors.

13

 

Section 110. Separability Clause.

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

Section 111. Benefits of Indenture.

          Nothing in this Indenture or in the Securities, express or implied, shall give to any Person,
other than the parties hereto and their successors hereunder, any Authenticating Agent, Paying
Agent, Security Registrar and the Holders, any benefit or any legal or equitable right, remedy or
claim under this Indenture.

Section 112. Governing Law.

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

Section 113. Legal Holidays.

          In any case where any Interest Payment Date, Redemption Date, Repayment Date or Stated
Maturity of any Security shall not be a Business Day at any Place of Payment, then (notwithstanding
any other provision of this Indenture or the Securities (other than a provision of the Securities
of any series which specifically states that such provision shall apply in lieu of this Section))
payment of interest or principal (and premium, if any) need not be made at such Place of Payment on
such date, but may be made on the next succeeding Business Day at such Place of Payment with the
same force and effect as if made on the Interest Payment Date, Redemption Date or Repayment Date or
at the Stated Maturity; provided that no interest shall accrue for the period from and after such
Interest Payment Date, Redemption Date, Repayment Date or Stated Maturity, as the case may be.

Section 114. No Recourse Against Others.

          An incorporator or any past, present or future director, officer, employee or stockholder, as
such, of the Company shall not have any liability for any obligations of the Company under the
Securities or this Indenture or for any claim based on or otherwise in respect of the Securities or
the Indenture. By accepting a Security, each Holder shall waive and release all such liability. The
waiver and release shall be part of the consideration for the issue of the Securities.

Section 115. Counterparts.

          This instrument may be executed in any number of counterparts, each of which so executed shall
be deemed to be an original, but all such counterparts shall together constitute but one and the
same instrument.

14

 

Section 116. Force Majeure.

          Subject to Section 601, in no event shall the Trustee be responsible or liable for any failure
or delay in the performance of its obligations hereunder arising out of or caused by, directly or
indirectly, forces beyond its control, including, without limitation, strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications
or computer (software and hardware) services; it being understood that the Trustee shall use
reasonable efforts that are consistent with accepted practices in the banking industry to resume
performance as soon as practicable under the circumstances.

Section 117. Waiver of Jury Trial.

          EACH OF THE COMPANY AND THE TRUSTEE HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR
INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE.

ARTICLE TWO

SECURITY FORMS

Section 201. Forms Generally.

          The Securities of each series shall be in substantially the form set forth in this Article, or
in such other form as shall be established by or pursuant to a Board Resolution or in one or more
indentures supplemental hereto, in each case with such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture, and may have
such letters, numbers or other marks of identification and such legends or endorsements placed
thereon as may be required to comply with the rules of any securities exchange or as may,
consistently herewith, be determined by the officers executing such Securities, as evidenced by
their execution of the Securities. If the form of Securities of any series is established by action
taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be
certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at
or prior to the delivery of the Company Order contemplated by Section 303 for the authentication
and delivery of such Securities.

          The definitive Securities shall be printed, lithographed or engraved on steel engraved borders
or may be produced in any other manner, all as determined by the officers executing such
Securities, as evidenced by their execution of such Securities.

Section 202. Form of Face of Security.

          [INSERT ANY LEGEND REQUIRED BY THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER.]

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DELL INC.

                                        

			
	 	 	 
	No.                     
	 	$                     

          DELL INC., a corporation duly organized and existing under the laws of the State of Delaware
(herein called the “Company,” which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to      , or registered
assigns, the principal sum of            Dollars on      [IF THE SECURITY IS TO BEAR
INTEREST PRIOR TO MATURITY, INSERT—, and to pay interest thereon from            or from the most
recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on     
and            in each year, commencing      , at the rate of      % per annum,
until the principal hereof is paid or made available for payment [IF APPLICABLE, INSERT—, and (to
the extent that the payment of such interest shall be legally enforceable) at the rate of      % per
annum on any overdue principal and premium and on any overdue installment of interest]. The
interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will,
as provided in such Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular Record Date for such
interest, which shall be the            or      (whether or not a Business Day), as the case
may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly
provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may
either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this
series not less than 10 days prior to such Special Record Date, or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange on which the
Securities of this series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture.]

          [IF THE SECURITY IS NOT TO BEAR INTEREST PRIOR TO MATURITY, INSERT—The principal of this
Security shall not bear interest except in the case of a default in payment of principal upon
acceleration, upon redemption, upon repayment or at Stated Maturity and in such case the overdue
principal of this Security shall bear interest at the rate of      % per annum (to the
extent that the payment of such interest shall be legally enforceable), which shall accrue from the
date of such default in payment to the date payment of such principal has been made or duly
provided for. Interest on any overdue principal shall be payable on demand. Any such interest on
any overdue principal that is not so paid on demand shall bear interest at the rate of      % per
annum (to the extent that the payment of such interest shall be legally enforceable), which shall
accrue from the date of such demand for payment to the date payment of such interest has been made
or duly provided for, and such interest shall also be payable on demand.]

16

 

          Payment of principal of (and premium, if any) and [IF APPLICABLE, INSERT—any such]
interest on this Security will be made at the office or agency of the Trustee maintained for that
purpose in      , in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts. In the event the Global Security
representing the Securities becomes exchangeable for definitive Securities pursuant to the terms of
the Indenture, at the option of the Company payment of interest may be made by check mailed to the
address of the Person entitled thereto as such address shall appear in the Security Register.

          [IF APPLICABLE, INSERT—So long as all of the Securities of this series are represented by
Global Securities, the principal of, premium, if any, and interest, if any, on this Global Security
shall be paid in same day funds to the Depositary, or to such name or entity as is requested by an
authorized representative of the Depositary. If at any time the Securities of this series are no
longer represented by the Global Securities and are issued in definitive form (“Certificated
Securities”), then the principal of, premium, if any, and interest, if any, on each Certificated
Security at Maturity shall be paid in same day funds to the Holder upon surrender of such
Certificated Security at the Corporate Trust Office of the Trustee, or at such other place or
places as may be designated in or pursuant to the Indenture, provided that such Certificated
Security is surrendered to the Trustee, acting as Paying Agent, in time for the Paying Agent to
make such payments in such funds in accordance with its normal procedures. Payments of interest
with respect to Certificated Securities other than at Maturity may, at the option of the Company,
be made by check mailed to the address of the Person entitled thereto as it appears on the Security
Register on the relevant Regular or Special Record Date or by wire transfer in same day funds to
such account as may have been appropriately designated to the Paying Agent by such Person in
writing not later than such relevant Regular or Special Record Date.]

          Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

          Unless the certificate of authentication hereof has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.

          IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.

	 	 	 	 	 	 	 

	Dated:
	 	 	 	 	 	 
	 	 	DELL INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	Attest:
	 	 	 	 	 	 

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Section 203. Form of Reverse of Security.

          This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of
        ,      (herein called the “Indenture”), between the Company and [Name of Trustee], as
Trustee (herein called the “Trustee,” which term includes any successor trustee under the
Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for
a statement of the respective rights, limitations of rights, duties and immunities thereunder of
the Company, the Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered. This Security is one of the series
designated on the face hereof [, limited in aggregate amount to $      ].

          [IF APPLICABLE, INSERT—The Securities of this series are subject to redemption upon not less
than 30 days’ notice by mail, [IF APPLICABLE, INSERT—(1) on            in any year commencing
with the year and ending with the year            through operation of the sinking fund for this
series at a Redemption Price equal to 100% of the principal amount, and (2)] at any time [on or
after      ,      ], as a whole or in part, at the election of the Company, at the
following Redemption Prices (expressed as percentages of the principal amount): If redeemed [on or
before      ,      %, and if redeemed] during the 12 month period beginning     
of the years indicated, and thereafter at a Redemption Price equal to      % of the
principal amount, together in the case of any such redemption [IF APPLICABLE, INSERT—(whether
through operation of the sinking fund or otherwise) ] with accrued interest to the Redemption Date,
but interest installments whose Stated Maturity is on or prior to such Redemption Date will be
payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the
close of business on the relevant Record Dates referred to on the face hereof, all as provided in
the Indenture.]

	 	 	 	 	 	 	 

	YEAR
	 	REDEMPTION PRICE
	 	YEAR
	 	REDEMPTION PRICE
	 
	 	 
	 	 
	 	 

          [IF APPLICABLE, INSERT—The Securities of this series are subject to redemption upon not
less than 30 days’ notice by mail, (1) on            in any year commencing with the year     
and ending with the year            through operation of the sinking fund for this series at
the Redemption Prices for redemption through operation of the sinking fund (expressed as
percentages of the principal amount) set forth in the table below, and (2) at any time [on or after
     ], as a whole or in part, at the election of the Company, at the Redemption Prices for
redemption otherwise than through operation of the sinking fund (expressed as percentages of the
principal amount) set forth in the table below: If redeemed during the 12-month period beginning
     of the years indicated, and thereafter at a Redemption Price equal to      % of the
principal amount, together in the case of any such redemption (whether through operation of the
sinking fund or otherwise) with accrued interest to the Redemption Date, but interest installments
whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such
Securities, or one or more Predecessor Securities, of record at the close of business on the
relevant Record Dates referred to on the face hereof, all as provided in the Indenture.]

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	 	 	 	 	 	 	 	 	 	 	REDEMPTION	 
	 	 	 	 	 	 	 	 	 	 	PRICE FOR	 
	 	 	 	 	 	 	REDEMPTION	 	 	REDEMPTION	 
	 	 	 	 	 	 	PRICE FOR	 	 	OTHERWISE	 
	 	 	 	 	 	 	REDEMPTION	 	 	THAN	 
	 	 	 	 	 	 	THROUGH	 	 	THROUGH	 
	 	 	 	 	 	 	OPERATION	 	 	OPERATION	 
	 	 	 	 	 	 	OF THE	 	 	OF THE	 
	 	 	SINKING	 	 	SINKING	 	 	SINKING	 
	YEAR	 	FUND	 	 	FUND	 	 	FUND	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

          [Notwithstanding the foregoing, the Company may not, prior to      , redeem any
Securities of this series as contemplated by [Clause (2) of] the preceding paragraph as a part of,
or in anticipation of, any refunding operation by the application, directly or indirectly, of
moneys borrowed having an interest cost to the Company (calculated in accordance with generally
accepted financial practice) of less than      % per annum.]

          [The sinking fund for this series provides for the redemption on            in each year
beginning with the year            and ending with the year            of [not less than $
     (“mandatory sinking fund”) and not more than] $      aggregate principal amount of Securities of this
series. Securities of this series acquired or redeemed by the Company otherwise than through
[mandatory] sinking fund payments may be credited against subsequent [mandatory] sinking fund
payments otherwise required to be made [in the inverse order in which they become due].]

          [IF THE SECURITY IS TO BE SUBJECT TO REPAYMENT AT THE OPTION OF THE HOLDER, INSERT—To be
repaid at the option of the Holder, the Company must receive this Security, with the form of
“Option to Elect Repayment” hereon duly completed, at an office or agency of the Company maintained
for that purpose in      (or at such other place of which the Company shall from time to time
notify the Holder of this Security) not less than            nor more than            days prior
to the Repayment Date. The exercise of the repayment option by the Holder shall be irrevocable.]

          [IF THE SECURITY IS SUBJECT TO REDEMPTION, INSERT—In the event of redemption of this Security
in part only, a new Security or Securities of this series and of like tenor for the unredeemed
portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.]

          [IF THE SECURITY IS NOT AN ORIGINAL ISSUE DISCOUNT SECURITY, INSERT—If an Event of Default
with respect to Securities of this series shall occur and be continuing, the principal of the
Securities of this series may be declared due and payable in the manner and with the effect
provided in the Indenture.]

          [IF THE SECURITY IS AN ORIGINAL ISSUE DISCOUNT SECURITY, INSERT—If an Event of Default with
respect to Securities of this series shall occur and be continuing, an amount of principal of the
Securities of this series may be declared due and payable in the manner and with the effect
provided in the Indenture. Such amount shall be equal

19

 

to—INSERT FORMULA FOR DETERMINING THE AMOUNT. Upon payment (i) of the amount of principal so
declared due and payable and (ii) of interest on any overdue principal and overdue interest (in
each case to the extent that the payment of such interest shall be legally enforceable), all of the
Company’s obligations in respect of the payment of the principal of and interest, if any, on the
Securities of this series shall terminate.]

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

          [IF APPLICABLE, INSERT—Each of the defeasance and covenant defeasance provisions of Article
Thirteen of the Indenture shall apply to this Security.]

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

          As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar, duly executed by the Holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Securities of this series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

          The Securities of this series are issuable only in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000 in excess thereof. As provided in the
Indenture and subject to certain limitations therein set forth, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series of a different
authorized denomination, as requested by the Holder surrendering the same.

20

 

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

          Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

          This Security shall for all purposes be governed by and construed in accordance with the laws
of the State of New York.

          The terms used in this Security that are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

[Form of Option to Elect Repayment.]

OPTION TO ELECT REPAYMENT

          The undersigned hereby irrevocably requests and instructs the Company to repay the within
Security (or portion thereof specified below) pursuant to its terms at a price equal to the
principal amount thereof, together with interest to the Repayment Date, to the undersigned, at

	 	 	 

	 

	 	 
	 
	 	 
	 

(Printed or Typewritten Name and Address of the Undersigned)

	 	 

          For this Security to be repaid, the Company must receive this Security, with this “Option
to Elect Repayment” form duly completed, at an office or agency of the Company maintained for that
purpose in      , or at such other place of which the Company shall from time to time notify
the Holder, no less than            days nor more than            days prior to [     , or      ] [the            or      (commencing on     )].

          If less than the entire principal amount of the within Security is to be repaid, specify the
portion thereof (which shall be $2,000 or integral multiples of $1,000 in excess thereof) which the
Holder elects to have repaid: $     .

Dated:

                    

21

 

Note: The signature must correspond with the name as written upon the face of the Security in
every particular without alteration or enlargement

Section 204. Form of Legend for Global Securities.

          Any Global Security authenticated and delivered hereunder may bear any legend required to
comply with the requirements of any Depositary.

Section 205. Form of Trustee’s Certificate of Authentication.

          The Trustee’s certificates of authentication on all Securities authenticated by the Trustee
shall be in substantially the following form:

          This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.

	 	 	 	 	 	 	 

	 	 	Dated:	 	 
	 
	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Officer
	 	 

ARTICLE THREE

THE SECURITIES

Section 301. Amount Unlimited; Issuable in Series.

          The aggregate principal amount of Securities which may be issued, executed, authenticated,
delivered and Outstanding under this Indenture is unlimited.

          The Securities may be issued from time to time in one or more series as may be authorized from
time to time by the Company’s Board of Directors. There shall be established in or pursuant to a
Board Resolution and, subject to Section 303, set forth, or determined in a manner provided, in an
Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the
issuance of Securities of any series any or all of the following:

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

22

 

          (b) any limit upon the aggregate principal amount of the Securities of the series that
may be authenticated and delivered under this Indenture (except for Securities authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of
the series pursuant to Section 304, 305, 306, 906, 1107 or 1403 and except for any Securities
which, pursuant to Section 303, are deemed never to have been authenticated and delivered
hereunder);

          (c) the price or prices at which the Securities will be sold;

          (d) the Person to whom any interest on a Security of the series shall be payable, if other
than the Person in whose name that Security (or one or more Predecessor Securities) is registered
at the close of business on the Regular Record Date;

          (e) the date or dates on which the principal and premium, if any, of the Securities of the
series are payable;

          (f) the rate or rates (which may be fixed or variable) at which the Securities of the series
shall bear interest, if any, or the method of determining the rate or rates, the date or dates from
which such interest shall accrue, the Interest Payment Dates on which any such interest shall be
payable or the method by which the dates will be determined, the Regular Record Date for any
interest payable on any Interest Payment Date and the basis upon which interest shall be calculated
if other than that of a 360-day year of twelve 30-day months;

          (g) the place or places where the principal of and any premium and interest on Securities of
the series shall be payable, if other than The Bank of New York Mellon Trust Company, N.A., 101
Barclay, 7 East, New York, NY 10286, Attention: Corporate Trust;

          (h) the period or periods within which and the terms and conditions upon which the Securities
of the series may be redeemed, in whole or in part, at the option of the Company or otherwise;

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

          (j) the terms, if any, upon which Securities of the series may be exchanged for other
securities of the Company and the terms and conditions upon which the exchange shall be effected,
including the initial exchange price or rate, the exchange period and any other additional
provisions;

          (k) if other than denominations of $2,000 and integral multiples of $1,000 in excess thereof,
the denominations in which the Securities of the series shall be issuable;

23

 

          (l) the currency, currencies or currency units in which payment of principal of and any
premium and interest on Securities of the series shall be payable, if other than the currency of
the United States of America;

          (m) any index, formula or other method used to determine the amount of payments of principal
of or any premium or interest on the Securities;

          (n) if the principal amount payable at the stated maturity of the Securities of the series
will not be determinable as of any one or more dates prior to the stated maturity, the amount that
will be deemed to be the principal amount as of any date for any purpose, including the principal
amount thereof which will be due and payable upon any maturity other than the stated maturity or
which will be deemed to be outstanding as of any date (or, in any such case, the manner in which
the deemed principal amount is to be determined), and, if necessary, the manner of determining the
equivalent thereof in United States currency;

          (o) if the principal of or any premium or interest on any Securities of the series is to be
payable, at the election of the Company or the Holders thereof, in one or more currencies or
currency units other than that or those in which the Securities are stated to be payable, the
currency, currencies or currency units in which payment of the principal of and any premium and
interest on Securities of such series shall be payable, and the periods within which and the terms
and conditions upon which such election is to be made;

          (p) the applicability of, and any addition to or change in, the covenants and definitions then
set forth in this Indenture or in terms then set forth herein relating to permitted consolidations,
mergers or sale of assets;

          (q) any changes or additions to the provisions provided in Article Thirteen of this Indenture
dealing with defeasance, including the addition of additional covenants that may be subject to the
Company’s covenant defeasance option;

          (r) whether any of the Securities of such series shall be issuable in permanent global form
and, if so, the Depositary or Depositaries for such Global Security or Global Securities and the
terms and conditions, if any, other than those set forth in Section 305, upon which interests in
such Global Security may be exchanged, in whole or in part, for the individual Securities
represented thereby in definitive registered form, and the form of any legend or legends to be
borne by the Global Security in addition to or in lieu of the legend referred to in this Indenture;

          (s) the Trustee and any authenticating agents, Paying Agents, transfer agents or registrars;

          (t) the terms, if any, of any guarantee of the payment of principal, premium and interest with
respect to Securities of the series and any corresponding changes to the provisions of this
Indenture as then in effect;

          (u) the terms, if any, of the transfer, mortgage, pledge or assignment as security for the
Securities of the series of any properties, assets, moneys, proceeds, securities or other
collateral, including whether certain provisions of the Trust Indenture Act are applicable and any
corresponding changes to provisions of this Indenture as then in effect;

24

 

          (v) any addition to or change in the Events of Default with respect to the Securities of
the series and any change in the right of the Trustee or the holders to declare the principal,
premium and interest with respect to the Securities due and payable; and

          (w) any other terms of the Securities of such series (which terms shall not be inconsistent
with the provisions of this Indenture, except as permitted by Section 901(g)).

          All Securities of any one series shall be substantially identical except as to denomination
and except as may otherwise be provided in or pursuant to the Board Resolution referred to above
and (subject to Section 303) set forth, or determined in the manner provided, in the Officers’
Certificate referred to above or in any such indenture supplemental hereto. All Securities of any
one series need not be issued at the same time and, unless otherwise provided, a series may be
reopened for issuances of additional Securities of such series.

          If any of the terms of the Securities of any series are established by action taken pursuant
to a Board Resolution, a copy of an appropriate record of such action shall be certified by the
Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the
delivery of the Officers’ Certificate setting forth the terms of the series.

Section 302. Denominations.

          The Securities of each series shall be issuable in registered form without coupons in such
denominations as shall be specified as contemplated by Section 301. In the absence of any such
provisions with respect to the Securities of any series, the Securities of such series shall be
issuable in denominations of $2,000 and integral multiples of $1,000 in excess thereof.

Section 303. Execution, Authentication, Delivery and Dating.

          Two Officers shall sign the Securities for the Company by manual or facsimile signature. The
Company’s seal shall be impressed, affixed, imprinted or reproduced on the Securities and may be in
facsimile form.

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

          A Security shall not be valid until an authorized signatory of the Trustee manually signs the
certificate of authentication on the Security. The signature shall be conclusive evidence that the
Security has been authenticated under this Indenture.

          At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities of any series executed by the Company to the Trustee for
authentication, together with a Company Order for the authentication and delivery of such
Securities, and the Trustee in accordance with the Company Order (which may provide that Securities
that are the subject thereof will be authenticated and delivered by the Trustee from

25

 

time to time upon the telephonic or written order of Persons designated in said Company Order
and that such Persons are authorized to determine such terms and conditions of said Securities as
are specified in the Company Order) shall authenticate and deliver such Securities. If the form or
terms of the Securities of the series have been established in or pursuant to one or more Board
Resolutions as permitted by Sections 201 and 301, in authenticating such Securities, and accepting
the additional responsibilities under this Indenture in relation to such Securities, the Trustee
shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying
upon, an Opinion of Counsel stating:

     (1) if the form such Securities has been established by or pursuant to a Board Resolution
as permitted by Section 201, that such form has been established in conformity with the
provisions of this Indenture;

     (2) if the terms of such Securities have been established by or pursuant to a Board
Resolution as permitted by Section 301, that such terms have been established in conformity
with the provisions of this Indenture; and

     (3) that such Securities, when authenticated and delivered by the Trustee and issued by
the Company in the manner and subject to any conditions specified in such Opinion of Counsel,
will constitute valid and legally binding obligations of the Company enforceable in accordance
with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting creditors’ rights
and to general equity principles and to such other matters as counsel may specify.

If such form or terms have been so established, the Trustee shall not be required to authenticate
such Securities if the issue of such Securities pursuant to this Indenture will affect the
Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in
a manner which is not reasonably acceptable to the Trustee.

          Notwithstanding the provisions of Section 301 and of the preceding paragraph, if all
Securities of a series are not to be originally issued at one time, it shall not be necessary to
deliver the Officers’ Certificate otherwise required pursuant to Section 301 or the Company Order
and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the
time authentication of each Security of such series if such documents are delivered at or prior to
the authentication upon original issuance of the first Security of such series to be issued and
contemplate issuance of all Securities of such series.

          Each Security shall be dated the date of its authentication.

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

26

 

provided in Section 309, for all purposes of this Indenture such Security shall be deemed
never to have been authenticated and delivered hereunder and shall never be entitled to the
benefits of this Indenture.

          The Trustee may appoint an authenticating agent reasonably acceptable to the Company to
authenticate the Securities of a series. Unless limited by the terms of such appointment, an
authenticating agent may authenticate Securities of a series whenever the Trustee may do so. Each
reference in this Indenture to authentication by the Trustee includes authentication by such agent.
An authenticating agent has the same rights as any Security Registrar, Paying Agent or agent for
service of notices and demands.

Section 304. Temporary Securities.

          Until definitive Securities of any series are ready for delivery, the Company may prepare and
the Trustee shall authenticate temporary Securities. Temporary Securities shall be substantially in
the form of definitive Securities but may have variations that the Company considers appropriate
for temporary Securities.

          Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate
definitive Securities and deliver them in exchange for temporary Securities. After the preparation
of definitive Securities of such series, the temporary Securities of such series shall be
exchangeable for definitive Securities of such series upon surrender of the temporary Securities of
such series at the office or agency of the Company maintained pursuant to Section 1002 in a Place
of Payment for that series for the purpose of exchanges of Securities of such series, without
charge to the Holder thereof. Upon surrender for cancellation of any one or more temporary
Securities of any series the Company shall execute and the Trustee shall authenticate and deliver
in exchange therefor one or more definitive Securities of the same series, of any authorized
denominations and of a like aggregate principal amount and tenor. Until so exchanged the temporary
Securities of any series shall in all respects be entitled to the same benefits under this
Indenture as definitive Securities of such series and tenor.

Section 305. Registration, Registration of Transfer and Exchange; Paying Agent.

          The Company shall maintain an office or agency where Securities may be presented for
registration of transfer or for exchange (the “Security Registrar”) and an office or agency where
Securities may be presented for payment (the “Paying Agent”). The Security Registrar shall keep a
register of the Securities and of their transfer and exchange (the register maintained in such
office and in any office or agency of the Company in a Place of Payment being herein sometimes
collectively referred to as the “Security Register”). The Company may have one or more
co-registrars and one or more additional paying agents. The term “Paying Agent” includes any
additional paying agent.

          The Company shall enter into an appropriate agency agreement with any Security Registrar,
Paying Agent or co-registrar not a party to this Indenture, which shall incorporate the terms of
the Trust Indenture Act. The agreement shall implement the provisions of this Indenture that relate
to such agent. The Company shall notify the Trustee of the name and address of any such agent. If
the Company fails to maintain a Security Registrar or Paying

27

 

Agent, the Trustee shall act as such and shall be entitled to appropriate compensation
therefor pursuant to Section 607. The Company or any wholly owned Subsidiary incorporated or
organized within The United States of America may act as Paying Agent, Security Registrar,
co-registrar or transfer agent.

          The Company initially appoints the Trustee as Security Registrar and Paying Agent in
connection with the Securities.

          Upon surrender for registration of transfer of any Security of any series at the office or
agency maintained pursuant to Section 1002 for such purpose in a Place of Payment for that series,
the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the
designated transferee or transferees, one or more new Securities of the same series, of any
authorized denominations and of a like aggregate principal amount and tenor.

          At the option of the Holder, Securities of any series may be exchanged for other Securities of
the same series of any authorized denominations and of a like aggregate principal amount and tenor,
upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities
are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and
deliver, the Securities which the Holder making the exchange is entitled to receive.

          All Securities issued upon any registration of transfer or exchange of Securities shall be the
valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under
this Indenture, as the Securities surrendered upon such registration of transfer or exchange.

          Every Security presented or surrendered for registration of transfer or for exchange shall (if
so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security Registrar duly
executed, by the Holder thereof or his attorney duly authorized in writing.

          No service charge shall be made for any registration of transfer or exchange of Securities,
but the Company may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any registration of transfer or exchange of
Securities, other than exchanges pursuant to Section 304, 906, 1107 or 1403 not involving any
transfer.

          In the event of any redemption, the Company shall not be required to (a) issue, register the
transfer of or exchange Securities of any series during a period beginning at the opening of
business 15 days before the day of the mailing of a notice of redemption of Securities of that
series selected for redemption under Section 1103 and ending at the close of business on the day of
such mailing, or (b) to register the transfer of or exchange any Security, or portion thereof
called for redemption, except the unredeemed portion of any Security being redeemed in part.

          Notwithstanding any other provision in this Indenture, any Global Security shall be
exchangeable pursuant to this Section 305 for Securities registered in the names of Persons

28

 

other than the Depositary for such Global Security or its nominee only when (a) such
Depositary notifies the Company and the Trustee in writing that it is unwilling or unable to
continue as Depositary for such Global Security or if at any time such Depositary ceases to be a
clearing agency registered under the Exchange Act, and a successor Depositary is not appointed by
the Company within 90 days, (b) the Company in its sole discretion determines that Securities shall
no longer be represented by a Global Security and executes and delivers to the Trustee a Company
Order that such Global Security shall be so exchangeable, (c) there shall have occurred and be
continuing an Event of Default or an event which, with the giving of notice or lapse of time, or
both, would constitute an Event of Default with respect to the Securities represented by such
Global Security or (d) there shall exist such other circumstances, if any, as shall be specified
for this purpose as contemplated by Section 301. Any Global Security that is exchangeable pursuant
to clause (a), (b), (c) or (d) above, shall be surrendered by the Depositary, or such other
depositary as shall be specified in the Company Order with respect thereto, to the Trustee, as the
agent for such purpose, to be exchanged, in whole or in part, for definitive Securities without
charge, and the Trustee shall authenticate and deliver, in exchange for each portion of such
permanent Global Security, an equal aggregate principal amount of definitive Securities, executed
by the Company, of the same series of authorized denominations and of like tenor as the portion of
such Global Security to be exchanged, which shall be in the form of registered Securities as
provided in the Company Order.

          Every Security authenticated and delivered upon registration of transfer of, or in exchange
for or in lieu of, a Global Security other than pursuant to clauses (a), (b), (c) or (d) in the
preceding paragraph, whether pursuant to this Section, Sections 304, 306, 906, 1107 or 1403 or
otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Security.

Section 306. Replacement Securities.

          If a mutilated Security is surrendered to the Security Registrar or if the Holder of a
Security claims that the Security has been lost, destroyed or wrongfully taken, the Company shall
issue and the Trustee shall authenticate a replacement Security of the same series if the
requirements of Section 8-405 of the Uniform Commercial Code are met and the Holder satisfies any
other reasonable requirements of the Trustee. If required by the Trustee or the Company, such
Holder shall furnish an indemnity bond sufficient in the judgment of the Company and the Trustee to
protect the Company, the Trustee, the Paying Agent, the Security Registrar and any co-registrar
from any loss which any of them may suffer if a Security is replaced. The Company and the Trustee
may charge the Holder for their expenses in replacing a Security.

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

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

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

Section 307. Payment of Interest; Interest Rights Preserved.

          Except as otherwise provided as contemplated by Section 301 with respect to any series of
Securities, interest on any Security which is payable, and is punctually paid or duly provided for,
on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or
more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest.

          In the case of Securities represented by a Global Security registered in the name of or held
by a Depositary or its nominee, unless otherwise specified by Section 301, payment of principal,
premium, if any, and interest, if any, will be made to the Depositary or its nominee, as the case
may be, as the registered owner or Holder of such Global Security. None of the Company, the
Trustee, any Paying Agent, any Authenticating Agent nor the Security Registrar for such Securities
will have any responsibility or liability for any aspect of the records relating to or payments
made on account of a beneficial ownership interest in a Global Security or for maintaining,
supervising or reviewing any records relating to such beneficial ownership interests.

          Any interest on any Security of any series which is payable, but is not punctually paid or
duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall
forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having
been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each
case, as provided in Clause (1) or (2) below:

     (1) The Company may elect to make payment of any Defaulted Interest to the Persons in
whose names the Securities of such series (or their respective Predecessor Securities) are
registered at the close of business on a Special Record Date for the payment of such Defaulted
Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in
writing of the amount of Defaulted Interest proposed to be paid on each Security of such series
and the date of the proposed payment, and at the same time the Company shall deposit with the
Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such
Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit
prior to the date of the proposed payment, such money when deposited to be held in trust for
the benefit of the Persons entitled to such Defaulted Interest as in this Clause provided.
Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted
Interest which shall be not more than 15 days and not less than 10 days prior to the date of
the proposed payment and not less than 10 days after the receipt by the Trustee of the notice
of the proposed payment. The Trustee shall promptly notify the Company of such Special Record
Date and, in the name and at the expense of the Company, shall cause notice of the proposed
payment of such Defaulted Interest and the Special Record Date therefor to be mailed,
first-class postage prepaid, to each Holder of Securities of such series at his address as it
appears in the Security Register, not less than 10 days prior to such Special Record Date.
Notice of the proposed payment of such Defaulted Interest and the Special

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Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the
Persons in whose names the Securities of such series (or their respective Predecessor
Securities) are registered at the close of business on such Special Record Date and shall no
longer be payable pursuant to the following Clause (2).

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

     At the option of the Company, interest on Securities of any series that bear interest may
be paid by mailing a check to the address of the Person entitled thereto as such address shall
appear in the Security Register, except as otherwise provided pursuant to Section 301.

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

Section 308. Persons Deemed Owners.

          Prior to due presentment of a Security for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name such Security is
registered as the owner of such Security for the purpose of receiving payment of principal of and
any premium and (except as otherwise specified as contemplated by Section 301(e) and subject to
Section 307) any interest on such Security and for all other purposes whatsoever, whether or not
such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the
Trustee shall be affected by notice to the contrary.

          In the case of a Global Security, so long as the Depositary for such Global Security, or its
nominee, is the registered owner of such Global Security, such Depositary or such nominee, as the
case may be, will be considered the sole owner or Holder of the Securities represented by such
Global Security for all purposes under this Indenture. Except as provided in Section 305, owners of
beneficial interests in a Global Security will not be entitled to have Securities that are
represented by such Global Security registered in their names, will not receive or be entitled to
receive physical delivery of such Securities in definitive form and will not be considered the
owners or Holders thereof under this Indenture.

          Notwithstanding the foregoing, with respect to any Global Security, nothing herein shall (a)
prevent the Company, the Trustee, or any agent of the Company or the Trustee, from giving effect to
any written certification, proxy or other authorization furnished by a Depositary or (b) impair, as
between a Depositary and holders of beneficial interests in any Global Security, the operation of
customary practices governing the exercise of the rights of the Depositary as Holder of such Global
Security.

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          None of the Company, the Trustee, any Paying Agent or the Security Registrar will have
any responsibility or liability for any aspect of the records relating to or payments made on
account of beneficial ownership interests of a Security issued in global form or for maintaining,
supervising or reviewing any records relating to such beneficial ownership interests.

Section 309. Cancellation.

          The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar
and the Paying Agent shall forward to the Trustee any Securities surrendered to them for payment,
redemption, registration of transfer or exchange. All Securities surrendered for payment,
redemption, registration of transfer or exchange or for credit against any sinking fund payment
shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall
be promptly canceled by it. The Trustee and no one else shall cancel and destroy (subject to the
record retention requirements of the Exchange Act) all Securities surrendered for payment,
redemption, registration of transfer, exchange or cancellation and deliver a certificate of such
destruction to the Company unless the Company directs the Trustee to deliver canceled Securities to
the Company. The Company may not issue new Securities to replace Securities it has redeemed, paid
or delivered to the Trustee for cancellation.

Section 310. Computation of Interest.

          Except as otherwise specified as contemplated by Section 301 for Securities of any series,
interest on the Securities of each series shall be computed on the basis of a 360-day year of
twelve 30-day months.

Section 311. Wire Transfers.

          Notwithstanding any other provision to the contrary in this Indenture, the Company may make
any payment of moneys required to be deposited with the Trustee on account of principal of, or
premium, if any, or interest on, the Securities (whether pursuant to optional or mandatory
redemption payments, interest payments or otherwise) by wire transfer in immediately available
funds to an account designated by the Trustee on or before the date and time such moneys are to be
paid to the Holders of the Securities in accordance with the terms hereof.

Section 312. CUSIP Numbers.

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

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ARTICLE FOUR

SATISFACTION AND DISCHARGE

Section 401. Satisfaction and Discharge of Indenture.

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

          (1) either

          (A) all Securities theretofore authenticated and delivered (other than (i) Securities
which have been destroyed, lost or wrongfully taken and which have been replaced or paid as
provided in Section 306 and (ii) Securities for whose payment money has theretofore been
deposited in trust or segregated and held in trust by the Company and thereafter repaid to the
Company or discharged from such trust, as provided in Section 1003) have been delivered to the
Trustee for cancellation; or

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

     (i) have become due and payable; or

     (ii) will become due and payable at their Stated Maturity within one year and are not
repayable at the option of the Holder prior thereto; or

     (iii) are to be called for redemption within one year under arrangements satisfactory
to the Trustee for the giving of notice of redemption by the Trustee in the name, and at
the expense, of the Company and are not repayable at the option of the Holder prior
thereto;

and the Company, in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited
with the Trustee as trust funds in trust for the purpose, lawful money of the United States or U.S.
Government Obligations which through the payment of interest and principal in respect thereof in
accordance with their terms will provide lawful money not later than the due dates of principal
(and premium, if any) or interest, or any combination thereof, in an amount sufficient to pay and
discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for
cancellation, for principal and any premium and interest to the date of such deposit (in the case
of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as
the case may be;

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

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

          In the event there are Outstanding Securities of two or more series hereunder, the Trustee
shall be required to execute an instrument prepared by the Company acknowledging satisfaction and
discharge of this Indenture only if requested to do so with respect to the Securities of all series
to which it is Trustee and if the other conditions thereto are met. In the event there are two or
more Trustees hereunder, then the effectiveness of any such instrument shall be conditioned upon
receipt of such instruments from all Trustees hereunder.

          Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 607, the obligations of the Trustee to any Authenticating
Agent under Section 614 and, if money shall have been deposited with the Trustee pursuant to
subclause (B) of Clause (1) of this Section, the obligations of the Trustee under Section 402 and
the last paragraph of Section 1003 shall survive.

Section 402. Application of Trust Money.

          Subject to the provisions of the last paragraph of Section 1003, all money and U.S. Government
Obligations deposited with the Trustee pursuant to Section 401 shall be held in trust and applied
by it, in accordance with the provisions of the Securities and this Indenture, to the payment,
either directly or through any Paying Agent (including the Company acting as its own Paying Agent)
as the Trustee may determine, to the Persons entitled thereto as set forth in the Securities
Register, of the principal and any premium and interest for whose payment such money has been
deposited with the Trustee.

ARTICLE FIVE

REMEDIES OF THE TRUSTEE

AND HOLDERS IN EVENT OF DEFAULT

Section 501. Events of Default.

          “Event of Default”, wherever used herein with respect to a series of Securities, means any one
of the following events (whatever the reason for such Event of Default and whether it shall be
voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or
order of any court or any order, rule or regulation of any administrative or governmental body),
except to the extent such event is specifically deleted or modified as contemplated by Section
301(w) for the Securities of that series:

     (1) failure to pay the principal of (or any premium on) any Security of that series at its
Maturity; or

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     (2) failure to pay any interest upon any Security of that series when it becomes due
and payable, and continuance of such default for a period of 30 days; or

     (3) failure to deposit any sinking fund payment, when and as due by the terms of a
Security of that series; or

     (4) with respect to a series of Securities, failure to perform, or the breach of, any
other covenant of the Company in this Indenture (other than a covenant a default in whose
performance or whose breach is specifically dealt with elsewhere in this Section or which has
expressly been included in this Indenture solely for the benefit of a series of Securities
other than that series or which has been included in this Indenture but not made applicable to
the Securities of such series), and continuance of such default or breach for a period of 90
days after there has been given a written notice specifying such failure or breach and
requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder, by
registered or certified mail, to the Company by the Trustee or to the Company and the Trustee
by the Holders of at least 25% in principal amount of the Outstanding Securities of that
series; or

     (5) the entry by a court having jurisdiction in the premises of (a) a decree or order for
relief in respect of the Company in an involuntary case or proceeding under any applicable
Federal or State bankruptcy, insolvency, reorganization or other similar law or (b) a decree or
order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition
seeking reorganization, arrangement, adjustment or composition of or in respect of the Company
under any applicable Federal or State law, or appointing a custodian, receiver, liquidator,
assignee, trustee, sequestrator or other similar official of the Company or of any substantial
part of its properties, or ordering the winding up or liquidation of its affairs, and the
continuance of any such decree or order for relief or any such other decree or order unstayed
and in effect for a period of 90 consecutive days; or

     (6) the commencement by the Company of a voluntary case or proceeding under any applicable
Federal or State bankruptcy, insolvency, reorganization or other similar law or of any other
case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by the Company to
the entry of a decree or order for relief in respect of the Company in an involuntary case or
proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or
other similar law or to the commencement of any bankruptcy or insolvency case or proceeding
against the Company, or the filing by the Company of a petition or answer or consent seeking
reorganization or relief under any applicable Federal or State law, or the consent by the
Company to the filing of such petition or to the appointment of or taking possession by a
custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of
the Company or of any substantial part of its properties, or the making by the Company of an
assignment for the benefit of creditors, or the admission by the Company in writing its
inability to pay its debts generally as they become due, or the taking of corporate action by
the Company in furtherance of any such action; or

     (7) the occurrence of any other Event of Default established as contemplated by Section
301 with respect to Securities of that series.

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          Upon receipt by the Trustee of any Notice of Default pursuant to this Section with
respect to Securities of any series, a record date shall automatically and without any other action
by any Person be set for the purpose of determining the Holders of Outstanding Securities of such
series entitled to join in such Notice of Default, which record date shall be the close of business
on the day the Trustee receives such Notice of Default. Promptly after the establishment of a
record date pursuant to the provisions of this Section, the Trustee shall notify the Company and
the Holders of Outstanding Securities of such series of the establishment of such record date. The
Holders of Outstanding Securities of such series on such record date (or their duly appointed
agents), and only such Persons, shall be entitled to join in such Notice of Default, whether or not
such Holders remain Holders after such record date; provided that, unless such Notice of Default
shall have become effective by virtue of Holders of the requisite principal amount of Outstanding
Securities of such series on such record date (or their duly appointed agents) having joined
therein on or prior to the 90th day after such record date, such Notice of Default shall
automatically and without any action by any Person be canceled and of no further effect. Nothing in
this paragraph shall prevent a Holder (or a duly appointed agent thereof) from giving, before or
after the expiration of such 90-day period, a Notice of Default contrary to or different from, or,
after the expiration of such period, identical to, a Notice of Default that has been canceled
pursuant to the proviso to the preceding sentence, in which event a new record date in respect
thereof shall be set pursuant to this paragraph.

Section 502. Acceleration of Maturity; Rescission and Annulment.

          If an Event of Default with respect to Securities of any series at the time Outstanding occurs
and is continuing, then in every such case either the Trustee or the Holders of at least 25% in
principal amount of the Outstanding Securities of that series may declare the principal amount (or,
if the Securities of that series are Original Issue Discount Securities, such portion of the
principal amount of such Securities as may be specified in the terms of that series) of all of the
Securities of that series to be due and payable immediately, by a notice in writing to the Company
(and to the Trustee if given by Holders), and upon any such declaration such principal amount (or
specified amount) shall become immediately due and payable.

          At any time after such a declaration of acceleration with respect to Securities of any series
has been made, but before a judgment or decree for payment of the money due has been obtained by
the Trustee, as hereinafter in this Article provided, the Holders of a majority in principal amount
of the Outstanding Securities of that series, by written notice to the Company and the Trustee, may
rescind and annul such acceleration and its consequences if:

          (1) the Company has paid or deposited with the Trustee a sum sufficient to pay

          (A) all overdue interest on all Securities of that series,

          (B) the principal of (and premium, if any, on) any Securities of that series which have
become due otherwise than by such declaration of acceleration and any interest thereon at the
rate or rates prescribed therefor in such Securities, to the extent that payment of such
interest is lawful,

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          (C) to the extent that payment of such interest is lawful, interest upon overdue
interest at the rate or rates prescribed therefor in such Securities, and

          (D) all sums paid or advanced by the Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel;

          and

     (2) all Events of Default with respect to Securities of that series, other than the
non-payment of the principal of Securities of that series which have become due solely by such
declaration of acceleration, have been cured or waived as provided in Section 513.

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

          Upon receipt by the Trustee of any declaration of acceleration, or any rescission and
annulment of any such declaration, pursuant to this Section with respect to Securities of any
series, a record date shall automatically and without any other action by any Person be set for the
purpose of determining the Holders of Outstanding Securities of such series entitled to join in
such declaration, or rescission or annulment, as the case may be, which record date shall be the
close of business on the day the Trustee receives such declaration, or rescission and annulment, as
the case may be. Promptly after the establishment of a record date pursuant to the provisions of
this Section 502, the Trustee shall notify the Company and the Holders of Outstanding Securities of
such series of the establishment of such record date. The Holders of Outstanding Securities of such
series on such record date (or their duly appointed agents), and only such Persons, shall be
entitled to join in such declaration, or rescission and annulment, as the case may be, whether or
not such Holders remain Holders after such record date; provided that, unless such declaration, or
rescission and annulment, as the case may be, shall have become effective by virtue of Holders of
the requisite principal amount of Outstanding Securities of such series on such record date (or
their duly appointed agents) having joined therein on or prior to the 90th day after such record
date, such declaration or rescission and annulment, as the case may be, shall automatically and
without any action by any Person be canceled and of no further effect. Nothing in this paragraph
shall prevent a Holder (or a duly appointed agent thereof) from giving, before or after the
expiration of such 90-day period, a declaration of acceleration, or a rescission and annulment of
any such declaration, contrary to or different from, or, after the expiration of such period,
identical to, a declaration, or rescission and annulment, as the case may be, that has been
canceled pursuant to the proviso to the preceding sentence, in which event a new record date in
respect thereof shall be set pursuant to this paragraph.

Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee.

          The Company covenants that if:

     (1) default is made in the payment of any interest on any Security when such interest
becomes due and payable and such default continues for a period of 30 days; or

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     (2) default is made in the payment of the principal of (or premium, if any, on) any
Security at the Maturity thereof; or

     (3) default is made in the payment of any sinking or purchase fund or analogous obligation
when the same becomes due by the terms of any Security of any series, and any such default
continues for any period of grace provided with respect to any Securities of such series;

the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holder of any such
Security (or the Holders of any such series in the case of clause (3) above), the whole amount then
due and payable on any such Security (or on the Securities of any such series in the case of clause
(3) above) for principal and any premium and interest and, to the extent that payment of such
interest shall be legally enforceable, interest on any overdue principal and premium and on any
overdue interest, at the rate or rates prescribed therefor by the terms of any such Security (or of
Securities of any such series in the case of clause (3) above); and, in addition thereto, such
further amount as shall be sufficient to cover the costs and expenses of collection, including the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel.

          If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own
name and as trustee of an express trust, may institute a judicial proceeding for the collection of
the sums so due and unpaid, and may prosecute such proceedings to judgment or final decree, and may
enforce the same against the Company or any other obligor upon the Securities of such series and
collect the money adjudged or decreed to be payable in the manner provided by law out of the
property of the Company or any other obligor upon such Securities, wherever situated.

          If an Event of Default with respect to Securities of any series occurs and is continuing, the
Trustee may in its discretion proceed to protect and enforce its rights and the rights of the
Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall
deem most effectual to protect and enforce any such rights, whether for the specific enforcement of
any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein,
or to enforce any other proper remedy.

Section 504. Trustee May File Proofs of Claim.

          In case of any judicial proceeding relative to the Company (or any other obligor upon the
Securities), its property or its creditors, the Trustee shall be entitled and empowered, by
intervention in such proceeding or otherwise, to take any and all actions authorized under the
Trust Indenture Act in order to have claims of the Holders and the Trustee allowed in any such
proceeding. In particular, the Trustee shall be authorized to collect and receive any moneys or
other property payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any
such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee
and, in the event that the Trustee shall consent to the making of such payments to the Trustee and,
in the event that the Trustee shall consent to the making of such payments directly to the Holders,
to pay to the Trustee any amount due it for reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 607.

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          No provision of this Indenture shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement,
adjustment or composition affecting the Securities or the rights of any Holder thereof or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

Section 505. Trustee May Enforce Claims Without Possession of Securities.

          All rights of action and claims under this Indenture or the Securities may be prosecuted and
enforced by the Trustee without the possession of any of the Securities or the production thereof
in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be
brought in its own name as trustee of an express trust, and any recovery of judgment shall, after
provision for the payment of the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in
respect of which such judgment has been recovered.

Section 506. Application of Money Collected

          Any money collected by the Trustee pursuant to this Article shall be applied in the following
order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on
account of principal or any premium or interest, upon presentation of the Securities and the
notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

          FIRST: To the payment of all amounts due the Trustee under Section 607;

          SECOND: To the payment of the amounts then due and unpaid for principal of and any premium and
interest on the Securities in respect of which or for the benefit of which such money has been
collected, ratably, without preference or priority of any kind, according to the amounts due and
payable on such Securities for principal and any premium and interest, respectively; and

          THIRD: The balance, if any, to the Company or any other Person or Persons entitled thereto.

          In any case where Securities are Outstanding and are denominated in more than one currency, or
in a composite currency and at least one other currency, and the Trustee is directed to make
ratable payments under this Section to Holders of Securities, the Trustee shall calculate the
amount of such payments as follows: (i) as of the day the Trustee collects an amount under this
Article, the Trustee shall, as to each Holder of a Security to whom an amount is due and payable
under this Section which is denominated in a foreign currency or currency units, determine that
amount of U.S. Dollars that would be obtained for the amount owing such Holder, using the rate of
exchange at which in accordance with normal banking procedures the Trustee could purchase U.S.
Dollars in The City of New York with such amount owing, (ii)

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calculate the sum of all U.S. Dollar amounts determined under (i) and add thereto any amounts
due and payable in U.S. Dollars; and (iii) using the individual amounts determined in (i) or any
individual amounts due and payable in U.S. Dollars, as the case may be, as a numerator and the sum
calculated in (ii) as a denominator, calculate as to each Holder of a Security to whom an amount is
owed under this Section the fraction of the amount collected under this Article payable to such
Holder. Any expenses incurred by the Trustee in actually converting amounts owing to Holders of
Securities denominated in a currency or composite currency other than that in which any amount is
collected under this Article shall be likewise (in accordance with this paragraph) borne ratably by
all Holders of Securities to whom amounts are payable under this Section.

          To the fullest extent allowed under applicable law, if for the purpose of obtaining judgment
against the Company in any court it is necessary to convert the sum due in respect of the principal
of, or any premium or interest on the Securities of any series (the “Required Currency”) into a
currency in which judgment will be rendered (the “Judgment Currency”), the rate of exchange used
shall be the rate at which in accordance with normal banking procedures the Trustee could purchase
in The City of New York the Required Currency with the Judgment Currency on the New York Business
Day preceding that on which final judgment is given. The Company shall not be liable for any
shortfall nor shall it benefit from any windfall in payments to Holders of Securities under this
Section caused by a change in exchange rates between the time the amount of a judgment against it
is calculated as above and the time the Trustee converts the Judgment Currency into the Required
Currency to make payments under this Section to Holders of Securities, but payment of such judgment
shall discharge all amounts owed by the Company on the claim or claims underlying such judgment.

Section 507. Limitation on Suits.

          No Holder of any Security of any series shall have any right to institute any proceeding,
judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or
trustee, or for any other remedy hereunder, unless:

     (1) such Holder has previously given written notice to the Trustee of a continuing Event
of Default with respect to the Securities of that series;

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

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

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

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

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

Section 508. Unconditional Right of Holders to Receive Principal, Premium and Interest.

          Notwithstanding any other provision of this Indenture, the Holder of any Security shall have
the right, which is absolute and unconditional, to receive payment of the principal of, premium, if
any, and (except as specified as contemplated by Section 301(d) and subject to Section 307) any
interest on such Security on the Stated Maturity or Maturities expressed in such Security (or, in
the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any
such payment, and such rights shall not be impaired without the consent of such Holder.

Section 509. Restoration of Rights and Remedies.

          If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy
under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has
been determined adversely to the Trustee or to such Holder, then and in every such case, subject to
any determination in such proceeding, the Company, the Trustee and the Holders shall be restored
severally and respectively to their former positions hereunder and thereafter all rights and
remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted.

Section 510. Rights and Remedies Cumulative.

          Except as otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or wrongfully taken Securities in the last paragraph of Section 306, no right or
remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be
exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted
by law, be cumulative and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion or employment of any right or
remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any
other appropriate right or remedy.

Section 511. Delay or Omission Not Waiver.

          No delay or omission of the Trustee or of any Holder of any Securities to exercise any right
or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a
waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by
this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as
often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

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Section 512. Control by Holders.

          The Holders of a majority in principal amount of the Outstanding Securities of any series
shall have the right to direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with
respect to the Securities of such series, provided that

     (1) such direction shall not be in conflict with any rule of law or with this Indenture,

     (2) the Trustee shall not determine (it being understood that the Trustee shall have no
obligation to make such determination) that the action so directed would be unjustly
prejudicial to Holders of Securities of that series, or any other series, not taking part in
such direction, and

     (3) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction.

          Upon receipt by the Trustee of any Notice of Default pursuant to this Section with respect to
Securities of any series, a record date shall automatically and without any other action by any
Person be set for the purpose of determining the Holders of Outstanding Securities of such series
entitled to join in such Notice of Default, which record date shall be the close of business on the
day the Trustee receives such Notice of Default. Promptly after the establishment of a record date
pursuant to the provisions of this Section, the Trustee shall notify the Company and the Holders of
Outstanding Securities of such series of the establishment of such record date. The Holders of
Outstanding Securities of such series on such record date (or their duly appointed agents), and
only such Persons, shall be entitled to join in such Notice of Default, whether or not such Holders
remain Holders after such record date; provided that, unless such Notice of Default shall have
become effective by virtue of Holders of the requisite principal amount of Outstanding Securities
of such series on such record date (or their duly appointed agents) having joined therein on or
prior to the 90th day after such record date, such Notice of Default shall automatically and
without any action by any Person be canceled and of no further effect. Nothing in this paragraph
shall prevent a Holder (or a duly appointed agent thereof) from giving, before or after the
expiration of such 90-day period, a Notice of Default contrary to or different from, or, after the
expiration of such period, identical to, a Notice of Default that has been canceled pursuant to the
proviso to the preceding sentence, in which event a new record date in respect thereof shall be set
pursuant to this paragraph.

Section 513. Waiver of Past Defaults.

          The Holders of not less than a majority in principal amount of the Outstanding Securities of
any series may on behalf of the Holders of all the Securities of such series waive any past default
hereunder with respect to such series and its consequences, except a default

     (1) in the payment of the principal of or any premium or interest on any Security of such
series, or

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     (2) in respect of a covenant or provision hereof which under Article Nine cannot be
modified or amended without the consent of the Holder of each Outstanding Security of such
series affected.

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

Section 514. Undertaking for Costs.

          In any suit for the enforcement of any right or remedy under this Indenture, or in any suit
against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may require
any party litigant in such suit to file an undertaking to pay the costs of such suit, and may
assess costs against any such party litigant, in the manner and to the extent provided in the Trust
Indenture Act; provided that neither this Section nor the Trust Indenture Act shall be deemed to
authorize any court to require such an undertaking and that the provisions of this Section shall
not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of
Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities
of that series or to any suit instituted by any Holder in each case for the enforcement of the
payment of the principal of, or premium, if any, or interest on, any Security on or after the due
date for such payment.

Section 515. Waiver of Stay or Extension Laws.

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

ARTICLE SIX

THE TRUSTEE

Section 601. Certain Duties and Responsibilities.

          The duties and responsibilities of the Trustee shall be as provided by the Trust Indenture
Act. Notwithstanding the foregoing (but subject to Section 107), no provision of this Indenture
shall require the Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder, or in the exercise of any of its
rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or
adequate indemnity against such risk or liability is not reasonably assured to it. Whether or not
therein expressly so provided, every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Trustee shall be subject to the
provisions of this Section.

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Section 602. Notice of Defaults.

          If a default occurs hereunder with respect to Securities of any series, the Trustee shall give
the Holders of Securities of such series notice of such default known to the Trustee as and to the
extent provided by the Trust Indenture Act and in the manner provided in Section 106; provided,
however, that in the case of any default of the character specified in Section 501(4) with respect
to Securities of such series, no such notice to Holders shall be given until at least 30 days after
the occurrence thereof. Except in the case of a Default in the payment of principal of or interest
on any Security (including payments pursuant to the mandatory redemption provisions of such
Security, if any), the Trustee may withhold the notice if and so long as a committee of its Trust
Officers in good faith determines that withholding the notice is not opposed to the interests of
the Security Holders. For the purpose of this Section, the term “default” means any event which is,
or after notice or lapse of time or both would become, an Event of Default with respect to
Securities of such series.

Section 603. Certain Rights of Trustee.

          Subject to the provisions of Section 601:

     (1) in the absence of bad faith on the part of the Trustee, the Trustee may conclusively
rely and shall be protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent,
order, bond, debenture, note, other evidence of indebtedness or other paper or document
believed by it to be genuine and to have been signed or presented by the proper party or
parties;

     (2) any request or direction of the Company mentioned herein shall be sufficiently
evidenced by a Company Request or Company Order and any resolution of the Board of Directors
may be sufficiently evidenced by a Board Resolution;

     (3) whenever in the administration of this Indenture the Trustee shall deem it desirable
that a matter be proved or established prior to taking, suffering or omitting any action
hereunder, the Trustee (unless other evidence be herein specifically prescribed) shall be
entitled to receive and may, in the absence of bad faith on its part, conclusively rely upon an
Officers’ Certificate;

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

     (5) the Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request or direction of any of the Holders pursuant to
this Indenture (including, without limitation, under Section 512), unless such

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Holders shall have offered to the Trustee reasonable security or indemnity against the
costs, expenses and liabilities which might be incurred by it in compliance with such request
or direction;

     (6) the Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request,
direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper
or document, unless requested in writing to do so by the Holders of a majority in aggregate
principal amount of Outstanding Securities of a series affected by such matter, and if so
requested, the Trustee shall be entitled to examine the books, records and premises of the
Company, personally or by agent or attorney at the sole cost of the Company and shall incur no
liability or additional liability of any kind by reason of such inquiry or investigation;

     (7) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be
responsible for any misconduct or negligence on the part of any agent or attorney appointed
with due care by it hereunder and shall not be responsible for the supervision of officers and
employees of such agents or attorneys;

     (8) the Trustee may request that the Company deliver an Officers’ Certificate setting
forth the names of individuals and/or titles of officers authorized at such time to take
specified actions pursuant to this Indenture which Officers’ Certificate may be signed by any
person authorized to sign an Officers’ Certificate, including any person specified as so
authorized in any such certificate previously delivered and not superseded;

     (9) the Trustee shall not be liable for any action taken, suffered or omitted to be taken
by it in good faith and reasonably believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Indenture;

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

     (11) the rights, privileges, protections, immunities and benefits given to the Trustee,
including its rights to be indemnified, are extended to, and shall be enforceable by, the
Trustee in each of its capacities hereunder.

Section 604. Not Responsible for Recitals or Issuance of Securities.

          The recitals contained herein and in the Securities, except the Trustee’s certificates of
authentication, shall be taken as the statements of the Company, and the Trustee or any
Authenticating Agent assumes no responsibility for their correctness. The Trustee makes no
representations as to the validity or sufficiency of this Indenture or of the Securities, if any,
of any series, except that the Trustee represents that it is duly authorized to execute and deliver
this

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Indenture, authenticate the Securities and perform its obligations hereunder, and that the
statements made by it or to be made by it in a Statement of Eligibility and Qualification on Form
T-1 supplied to the Company are true and accurate. The Trustee or any Authenticating Agent shall
not be accountable for the use or application by the Company of Securities or the proceeds thereof.

Section 605. May Hold Securities.

          The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other
agent of the Company, in its individual or any other capacity, may become the owner or pledgee of
Securities and, subject to Sections 608 and 613, may otherwise deal with the Company with the same
rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar
or such other agent.

Section 606. Money Held in Trust.

          Subject to the provisions of Section 1305(c) and the last paragraph of Section 1003, all
moneys received by the Trustee shall, until used or applied as herein provided, be held in trust
for the purposes for which they were received, but need not be segregated from other funds except
to the extent required by law. The Trustee shall be under no liability for investment of or
interest on any money received by it hereunder except as otherwise agreed in writing with the
Company. Except for amounts deposited pursuant to Article Thirteen, so long as no Event of Default
shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from
time to time to the Company upon a Company Order.

Section 607. Compensation and Reimbursement.

          The Company agrees:

     (1) to pay to the Trustee from time to time reasonable compensation for all services
rendered by it hereunder (which compensation shall not be limited by any provision of law in
regard to the compensation of a trustee of an express trust);

     (2) except as otherwise expressly provided herein, to reimburse the Trustee upon its
request for all reasonable expenses, disbursements and advances incurred or made by the Trustee
in accordance with any provision of this Indenture (including the reasonable compensation and
the expenses and disbursements of its agents and counsel), except to the extent any such
expense, disbursement or advance may be attributable to its negligence or bad faith; and

     (3) to indemnify the Trustee and its officers, directors, agents and employees for, and to
hold it harmless against, any loss, liability or expense, arising out of or in connection with
the acceptance or administration of the trust or trusts hereunder or the performance of its
duties hereunder, including the costs and expenses of defending itself against any claim or
liability in connection with the exercise or performance of any of its powers or duties
hereunder, except to the extent any such loss, liability or expense may be attributable to its
negligence, willful misconduct or bad faith.

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          As security for the performance of the obligations of the Company under this Section the
Trustee shall have a lien prior to the Securities upon all property and funds held or collected by
the Trustee as such, except funds held in trust for payment of principal of (and premium, if any)
or interest, if any, on particular Securities.

          “Trustee”, for purposes of this Section, includes any predecessor Trustee, provided that the
negligence, willful misconduct or bad faith of any Trustee shall not affect the rights under this
Section of any other Trustee.

Section 608. Disqualification; Conflicting Interests.

          If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust
Indenture Act, the Trustee shall either eliminate such interest within 90 days, apply to the
Commission for permission to continue or resign, to the extent and in the manner provided by, and
subject to the provisions of, the Trust Indenture Act and this Indenture, and the Company shall
take prompt action to have a successor Trustee appointed in the manner provided herein. For
purposes of Section 310(b)(1) of the Trust Indenture Act, no Trustee hereunder will be deemed to
have a conflicting interest solely by reason of being Trustee in respect of more than one series of
Securities.

Section 609. Corporate Trustee Required; Eligibility.

          There shall at all times be a Trustee hereunder with respect to the Securities of each series,
which shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a
combined capital and surplus of at least $50,000,000, and be subject to supervision or examination
by Federal or State authority. If such Person publishes reports of condition at least annually,
pursuant to law or to the requirements of said supervising or examining authority, then, for the
purposes of this Section, the combined capital and surplus of such Person shall be deemed to be its
combined capital and surplus as set forth in its most recent report of condition so published. If
at any time the Trustee shall cease to be eligible in accordance with the provisions of this
Section, it shall resign immediately in the manner and with the effect hereinafter specified in
this Article. No obligor upon the Securities of a particular series or Person directly or
indirectly controlling, controlled by or under common control with such obligor shall serve as
Trustee upon the Securities of such series.

Section 610. Resignation and Removal; Appointment of Successor.

          (a) No resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of appointment by the
successor Trustee in accordance with the applicable requirements of Section 611.

          (b) The Trustee may resign at any time with respect to the Securities of one or more series by
giving written notice thereof to the Company. If the instrument of acceptance by a successor
Trustee required by Section 611 shall not have been delivered to the Trustee within 30 days after
the giving of such notice of resignation, the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Securities of such
series.

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          (c) The Trustee may be removed at any time with respect to the Securities of any series
by Act of the Holders of a majority in principal amount of the Outstanding Securities of such
series, delivered to the Trustee and to the Company.

          (d) If at any time:

     (1) the Trustee shall fail to comply with Section 608 after written request therefor by
the Company or by any Holder who has been a bona fide Holder of a Security for at least six
months, or

     (2) the Trustee shall cease to be eligible under Section 609 and shall fail to resign
after written request therefor by the Company or by any such Holder, or

     (3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or
insolvent or a receiver of the Trustee or of its property shall be appointed or any public
officer shall take charge or control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation,

then, in any such case, (i) the Company by a Board Resolution may remove the Trustee with respect
to all Securities, or (ii) subject to Section 514, any Holder who has been a bona fide Holder of a
Security for at least six months may, on behalf of himself and all others similarly situated,
petition any court of competent jurisdiction for the removal of the Trustee with respect to all
Securities and the appointment of a successor Trustee or Trustees.

          (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy
shall occur in the office of Trustee for any cause, with respect to the Securities of one or more
series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees
with respect to the Securities of that or those series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all of such series and
that at any time there shall be only one Trustee with respect to the Securities of any particular
series) and shall comply with the applicable requirements of Section 611. If, within six months
after such resignation, removal or incapability, or the occurrence of such vacancy, a successor
Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a
majority in principal amount of the Outstanding Securities of such series delivered to the Company
and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance
of such appointment in accordance with the applicable requirements of Section 611, become the
successor Trustee with respect to the Securities of such series and to that extent supersede the
successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities
of any series shall have been so appointed by the Company or the Holders and accepted appointment
in the manner required by Section 611, any Holder who has been a bona fide Holder of a Security of
such series for at least six months may, on behalf of himself and all others similarly situated,
petition any court of competent jurisdiction for the appointment of a successor Trustee with
respect to the Securities of such series.

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          (f) The Company shall give notice of each resignation and each removal of the Trustee
with respect to Securities of any series and each appointment of a successor Trustee with respect
to Securities of any series to all Holders of Securities of such series in the manner provided in
Section 106. Each notice shall include the name of the successor Trustee with respect to the
Securities of such series and the address of its Corporate Trust Office.

Section 611. Acceptance of Appointment by Successor.

          (a) In case of the appointment hereunder of a successor Trustee with respect to all
Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the
resignation or removal of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers,
trusts and duties of the retiring Trustee; but, on the request of the Company or the successor
Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an
instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring
Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and
money held by such retiring Trustee hereunder.

          (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities
of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee
with respect to the Securities of one or more series shall execute and deliver an indenture
supplemental hereto wherein each successor Trustee shall accept such appointment and which (i)
shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to
vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee
with respect to the Securities of that or those series to which the appointment of such successor
Trustee relates, (ii) if the retiring Trustee is not retiring with respect to all Securities, shall
contain such provisions as shall be deemed necessary or desirable to confirm that all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those
series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring
Trustee, and (iii) shall add to or change any of the provisions of this Indenture as shall be
necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute
such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust
or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other
such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or
removal of the retiring Trustee shall become effective to the extent provided therein and each such
successor Trustee, without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or
those series to which the appointment of such successor Trustee relates; but, on request of the
Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to
such successor Trustee all property and money held by such retiring Trustee hereunder with respect
to the Securities of that or those series to which the appointment of such successor Trustee
relates.

          (c) Upon request of any such successor Trustee, the Company shall execute any and all
instruments for more fully and certainly vesting in and confirming to such successor Trustee all
such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may
be.

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          (d) No successor Trustee shall accept its appointment unless at the time of such
acceptance such successor Trustee shall be qualified and eligible under this Article.

Section 612. Merger, Conversion, Consolidation or Succession to Business.

          Any corporation into which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or consolidation to which
the Trustee shall be a party, or any corporation succeeding to all or substantially all the
corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided
such corporation shall be otherwise qualified and eligible under this Article, without the
execution or filing of any paper or any further act on the part of any of the parties hereto. In
case any Securities shall have been authenticated, but not delivered, by the Trustee then in
office, any successor by merger, conversion or consolidation to such authenticating Trustee may
adopt such authentication and deliver the Securities so authenticated with the same effect as if
such successor Trustee had itself authenticated such Securities. In the event any Securities shall
not have been authenticated by such predecessor Trustee, any such successor Trustee may
authenticate and deliver such Securities, in either its own name or that of its predecessor
Trustee, with the full force and effect which this Indenture provides for the certificate of
authentication of the Trustee.

Section 613. Preferential Collection of Claims Against Company.

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

Section 614. Appointment of Authenticating Agent.

          The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series
of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities
of such series issued upon original issue and upon exchange, registration of transfer or partial
redemption thereof or pursuant to Section 306, and Securities so authenticated shall be entitled to
the benefits of this Indenture and shall be valid and obligatory for all purposes as if
authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the
authentication and delivery of Securities by the Trustee or the Trustee’s certificate of
authentication, such reference shall be deemed to include authentication and delivery on behalf of
the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of
the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the
Company and shall at all times be a corporation organized and doing business under the laws of the
United States of America, any State thereof or the District of Columbia, authorized under such laws
to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000
and subject to supervision or examination by Federal or State authority. If such Authenticating
Agent publishes reports of condition at least annually,

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pursuant to law or to the requirements of said supervising or examining authority, then, for
the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall
be deemed to be its combined capital and surplus as set forth in its most recent report of
condition so published. If at any time an Authenticating Agent shall cease to be eligible in
accordance with the provisions of this Section, such Authenticating Agent shall resign immediately
in the manner and with the effect specified in this Section.

          Any corporation into which an Authenticating Agent may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to
which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate
agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided such corporation shall be otherwise eligible under this Section,
without the execution or filing of any paper or any further act on the part of the Trustee or the
Authenticating Agent.

          An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee
and the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by
giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such
a notice of resignation or upon such a termination, or in case at any time such Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may
appoint a successor Authenticating Agent which shall be acceptable to the Company and shall mail
written notice of such appointment by first-class mail, postage prepaid, to all Holders of
Securities of the series with respect to which such Authenticating Agent will serve, as their names
and addresses appear in the Security Register. Any successor Authenticating Agent upon acceptance
of its appointment hereunder shall become vested with all the rights, powers and duties of its
predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No
successor Authenticating Agent shall be appointed unless eligible under the provisions of this
Section.

          The Trustee agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services under this Section, and the Trustee shall be entitled to be
reimbursed for such payments, subject to the provisions of Section 607.

          If an appointment with respect to one or more series is made pursuant to this Section, the
Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of
authentication, an alternative certificate of authentication in the following form:

          This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.

	 	 	 	 	 

	 

	 	Dated:	 	 
	 
	 	 	 	 
	 

	 	THE BANK OF NEW YORK

MELLON TRUST COMPANY,	 	 
	 

	 	N.A., as Trustee	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 
	 	 	 	 
	 

	 	 

As Authenticating Agent
	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 
	 	 	 	 
	 

	 	 

Authorized Signatory
	 	 

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Section 615. Compliance with Tax Laws.

          The Trustee hereby agrees to comply with all U.S. Federal income tax information reporting and
withholding requirements applicable to it with respect to payments of premium (if any) and interest
on the Securities of any series, whether acting as Trustee, Security Registrar, Paying Agent or
otherwise with respect to the Securities of any series.

ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

Section 701. Company to Furnish Trustee Names and Addresses of Holders.

          The Company will furnish or cause to be furnished to the Trustee

     (1) semi-annually, not later than 15 days after the Regular Record Date for each series of
Securities, a list, in such form as the Trustee may reasonably require, of the names and
addresses of the Holders of Securities as of such Regular Record Date (unless the Trustee has
such information), or if there is no Regular Record Date for interest for such series of
Securities, semi-annually, upon such dates as are set forth in the Board Resolution or
indenture supplemental hereto authorizing such series, and

     (2) at such other times as the Trustee may request in writing, within 30 days after the
receipt by the Company of any such request, a list of similar form and content as of a date not
more than 15 days prior to the time such list is furnished,

provided, however, that so long as the Trustee is the Security Registrar, no such list shall be
required to be furnished.

Section 702. Preservation of Information; Communications to Holders.

          (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names
and addresses of Holders of Securities (i) contained in the most recent list furnished to the
Trustee for each series as provided in Section 701 and (ii) received by the Trustee for each series
in the capacity as Security Registrar if the Trustee is acting in such capacity. The Trustee may
destroy any list furnished to it as provided in Section 701 upon receipt of a new list so
furnished.

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          (b) The rights of Holders to communicate with other Holders with respect to their rights
under this Indenture or under the Securities, and the corresponding rights and privileges of the
Trustee, shall be as provided by the Trust Indenture Act.

          (c) Every Holder of Securities, by receiving and holding the same, agrees with the Company and
the Trustee that neither the Company nor the Trustee nor any agent of either of them shall be held
accountable by reason of any disclosure of information as to the names and addresses of Holders
made pursuant to the Trust Indenture Act.

Section 703. Reports by Trustee.

          (a) The Trustee shall transmit to Holders of Securities, as their names and addresses appear
in the Security Register, such reports, if any, concerning the Trustee and its actions under this
Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner
provided pursuant thereto. The reports required pursuant to Section 313(a) of the Trust Indenture
Act shall be dated as of May 15 of each year and transmitted not more than 60 days after the date
thereof.

          (b) A copy of such report shall, at the time of such transmission to Holders, be filed by the
Trustee with each stock exchange upon which any Securities are listed, with the Commission and with
the Company. The Company will notify the Trustee when any Securities are listed on any stock
exchange and any delisting thereof.

Section 704. Reports by Company.

          The Company shall file with the Trustee and the Commission, and transmit to Holders, such
information, documents and other reports, if any, and such summaries thereof, as may be required
pursuant to the Trust Indenture Act at the times and in the manner provided pursuant to the Trust
Indenture Act; provided that any such information, documents or reports required to be filed with
the Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee
within 15 days after the Company files the same with the Commission (unless such information,
documents or reports are available on the Commission’s Electronic Data Gathering, Analysis and
Retrieval system (or any successor thereto)). Notwithstanding anything contained herein to the
contrary, the sole remedy for a breach of this Section 704 by the Company shall be established in
an Officer’s Certificate or in one or more indentures supplement hereto.

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ARTICLE EIGHT

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

Section 801. Company May Consolidate, Etc., Only on Certain Terms.

          The Company shall not consolidate with or merge with or into any Person, or convey, transfer
or lease all or substantially all of its assets, or permit any Person to consolidate with or merge
into the Company, unless the following conditions have been satisfied:

          (a) either (1) the Company shall be the continuing Person in the case of a merger or (2) the
resulting, surviving or transferee Person, if other than the Company (the “Successor Company”), is
a Person (if such Person is not a corporation, then the Successor Company shall include a corporate
co-issuer of the Securities) organized and existing under the laws of the United States, any State
or the District of Columbia and shall expressly assume all the obligations of the Company under the
Securities and the Indenture.

          (b) immediately after giving effect to the transaction (and treating any Debt that becomes an
obligation of the Successor Company or any Subsidiary of the Company as a result of the transaction
as having been incurred by the Successor Company or the Subsidiary at the time of the transaction),
no default, Event of Default or event that, after notice or lapse of time, would become an Event of
Default under this Indenture would occur or be continuing; and

          (c) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that the consolidation, merger, transfer or lease complies with this
Indenture.

Section 802. Successor Substituted.

          Upon any consolidation by the Company with, or merger by the Company into, any other Person or
any conveyance, transfer or lease of the properties and assets of the Company as an entirety or
substantially as an entirety as described in the preceding paragraph, the Successor Company
resulting from such consolidation or into which the Company is merged or the transferee or lessee
to which such conveyance, transfer or lease is made, will succeed to, and be substituted for, and
may exercise every right and power of, the Company under this Indenture, and thereafter, except in
the case of a lease, the predecessor (if still in existence) will be released from its obligations
and covenants under this Indenture and all Outstanding Securities.

ARTICLE NINE

SUPPLEMENTAL INDENTURES

Section 901. Supplemental Indentures Without Consent of Holders.

          Without the consent of any Holders, the Company, when authorized by a Board Resolution, and
the Trustee, at any time and from time to time, may enter into one or more indentures supplemental
hereto, in form satisfactory to the Trustee, for any of the following purposes:

          (a) to cure any ambiguity or omission or to correct or supplement any provision contained in
this Indenture, in any supplemental indenture or in any Securities that may be defective or
inconsistent with any other provision contained therein, to convey, transfer, assign, mortgage or
pledge any property to or with the Trustee, or to make such other provisions in regard to matters
or questions arising under this Indenture, in each case as shall not adversely affect the interests
of any Holders of Securities of any series in any material respect;

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          (b) to evidence the succession of another Person to the Company pursuant to the
provisions of this Indenture relating to consolidations, mergers and sales of assets and the
assumption by the successor of the covenants, agreements and obligations of the Company herein and
in the Securities;

          (c) to surrender any right or power conferred upon the Company by this Indenture, to add to
the covenants of the Company such further covenants, restrictions, conditions or provisions for the
protection of the Holders of all or any series of Securities as the Board of Directors of the
Company shall consider to be for the protection of the Holders of the Securities, and to make the
occurrence, or the occurrence and continuance of a default in any of the additional covenants,
restrictions, conditions or provisions a default or an Event of Default under this Indenture
(provided, however, that with respect to any such additional covenant, restriction, condition or
provision, the supplemental indenture may provide for a period of grace after default, which may be
shorter or longer than that allowed in the case of other defaults, may provide for an immediate
enforcement upon the default, may limit the remedies available to the Trustee upon the default, or
may limit the right of Holders of a majority in aggregate principal amount of any or all series of
Securities to waive the default);

          (d) to modify or amend this Indenture in such a manner as to permit the qualification of this
Indenture or any supplemental indenture under the Trust Indenture Act as then in effect;

          (e) to add guarantees with respect to any or all of the Securities of a series or to secure
any or all of the Securities of a series;

          (f) to make any change that does not adversely affect the rights of any Holder;

          (g) to add to, change or eliminate any of the provisions of this Indenture with respect to one
or more series of Securities, so long as any such addition, change or elimination not otherwise
permitted hereunder shall (1) neither apply to any Security of any series created prior to the
execution of the supplemental indenture and entitled to the benefit of the provision nor modify the
rights of the Holders of any Security with respect to the provision, or (2) become effective only
when there is no such Security outstanding;

          (h) to evidence and provide for the acceptance of appointment by a successor or separate
Trustee with respect to the Securities of one or more series and to add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate the administration
of this Indenture by more than one Trustee;

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          (i) to comply with the rules of any Depositary;

          (j) to establish the form or terms of Securities of any series; and

          (k) to provide for uncertificated Securities in addition to or in place of certificated
Securities (provided that the uncertificated Securities are issued in registered form for purposes
of Section 163(f) of the Internal Revenue Code or in a manner such that the uncertificated
Securities are described in Section 163(f)(2)(B) of such code).

Section 902. Supplemental Indentures with Consent of Holders.

          With the consent of the Holders of not less than a majority in principal amount of the
Outstanding Securities of each series affected by such supplemental indenture, by Act of said
Holders delivered to the Company and the Trustee, the Company, when authorized by a Board
Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the
purpose of adding any provisions to or changing in any manner or eliminating any of the provisions
of this Indenture or of modifying in any manner the rights of the Holders of Securities of such
series under this Indenture and any past default or compliance with any provisions may also be
waived by Act of said Holders; provided, however, that no such supplemental indenture shall without
the consent of the Holder of each Outstanding Security affected thereby,

     (1) change the Stated Maturity of the principal of, or any installment of principal of or
interest on, any Security, or reduce the principal amount thereof or the rate of interest
thereon or any premium, Redemption Price or Repayment Price payable upon the redemption
thereof, or reduce the amount of the principal of an Original Issue Discount Security that
would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to
Section 502, or change any Place of Payment where, or the coin or currency in which, any
Security or any premium or interest thereon is payable, or impair the right to institute suit
for the enforcement of any payment on or after the Stated Maturity thereof (or, in the case of
redemption or repayment, on or after the Redemption Date or Repayment Date, as the case may
be), or

     (2) reduce the percentage in principal amount of the Outstanding Securities of any series,
the consent of whose Holders is required for any such supplemental indenture, or the consent of
whose Holders is required for any waiver (of compliance with certain provisions of this
Indenture or certain defaults hereunder and their consequences) provided for in this Indenture,
or

     (3) modify any of the provisions of this Section, Section 513 or Section 1010, except to
increase any such percentage or to provide that certain other provisions of this Indenture
cannot be modified or waived without the consent of the Holder of each Outstanding Security
affected thereby, provided, however, that this clause shall not be deemed to require the
consent of any Holder with respect to changes in the references to “the Trustee” and
concomitant changes in this Section and Section 1010, or the deletion of this proviso, in
accordance with the requirements of Sections 611(b) and 901(d).

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

          It shall not be necessary for any Act of Holders under this Section to approve the particular
form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve
the substance thereof.

Section 903. Execution of Supplemental Indentures.

          In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modifications thereby of the trusts created by this Indenture, the
Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in
relying upon, an Opinion of Counsel and Officers’ Certificate stating that the execution of such
supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not
be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights,
duties or immunities under this Indenture or otherwise.

Section 904. Effect of Supplemental Indentures.

          Upon the execution of any supplemental indenture under this Article, this Indenture shall be
modified in accordance therewith, and such supplemental indenture shall form a part of this
Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated
and delivered hereunder shall be bound thereby.

Section 905. Conformity with Trust Indenture Act.

          Every supplemental indenture executed pursuant to this Article shall conform to the
requirements of the Trust Indenture Act as then in effect.

Section 906. Reference in Securities to Supplemental Indentures.

          Securities of any series authenticated and delivered after the execution of any supplemental
indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in
form approved by the Trustee as to any matter provided for in such supplemental indenture. If the
Company shall so determine, new Securities of any series so modified as to conform, in the opinion
of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by
the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities
of such series.

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ARTICLE TEN

PARTICULAR COVENANTS OF THE COMPANY

Section 1001. Payment of Principal, Premium and Interest.

          The Company covenants and agrees for the benefit of each series of Securities that it will
duly and punctually pay the principal of and any premium and interest on the Securities of that
series in accordance with the terms of the Securities and this Indenture. Principal, premium and
interest shall be considered paid on the date due if on such date the Trustee or the Paying Agent
holds in accordance with this Indenture money sufficient to pay all principal, premium and interest
then due.

Section 1002. Maintenance of Office or Agency.

          The Company will maintain in each Place of Payment for any series of Securities an office or
agency where Securities of that series may be presented or surrendered for payment, where
Securities of that series may be surrendered for registration of transfer or exchange and where
notices and demands to or upon the Company in respect of the Securities of that series and this
Indenture may be served. The Company will give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency. If at any time the Company
shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with
the address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent
to receive all such presentations, surrenders, notices and demands.

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

Section 1003. Money for Securities Payments to Be Held in Trust.

          If the Company shall at any time act as its own Paying Agent with respect to any series of
Securities, it will, on or before each due date of the principal of or any premium or interest on
any of the Securities of that series, segregate and hold in trust for the benefit of the Persons
entitled thereto a sum sufficient to pay the principal and any premium and interest so becoming due
until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will
promptly notify the Trustee of its action or failure so to act.

          Whenever the Company shall have one or more Paying Agents for any series of Securities, it
will, on or prior to each due date of the principal of, or any premium or interest on, any
Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such
sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the
Trustee) the Company will promptly notify the Trustee of its action or failure so to act.

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          The Company will cause each Paying Agent for any series of Securities other than the
Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree
with the Trustee, subject to the provisions of this Section, that such Paying Agent will (a) comply
with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and (b) during
the continuance of any default by the Company (or any other obligor upon the Securities of that
series) in the making of any payment in respect of the Securities of that series, upon the written
request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent
for payment in respect of the Securities of that series.

          The Company may at any time, for the purpose of obtaining the satisfaction and discharge of
this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay,
to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by
the Trustee upon the same trusts as those upon which such sums were held by the Company or such
Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be
released from all further liability with respect to such money.

          All monies deposited with the Trustee or any Paying Agent, or then held by the Company, in
trust for the payment of the principal of or any premium or interest on any Security of any series
and remaining unclaimed for two years after such principal, premium or interest has become due and
payable shall be paid to the Company on Company Request (including interest income on such funds,
if any), or (if then held by the Company) shall be discharged from such trust; and the Holder of
such Security shall thereafter, as an unsecured general creditor, look only to the Company for
payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust
money, and all liability of the Company as trustee thereof, shall thereupon cease.

Section 1004. Statement by Officers as to Default.

          The Company will deliver to the Trustee, within 120 days after the end of each fiscal year of
the Company ending after the date hereof, a brief certificate from the principal executive,
financial or accounting officer or treasurer of the Company as to his or her knowledge of the
Company’s compliance (without regard to any period of grace or requirement of notice provided
hereunder) with all conditions and covenants hereof.

Section 1005. Existence.

          Subject to Article Eight, the Company will do or cause to be done all things necessary to
preserve and keep in full force and effect its corporate existence, rights (charter and statutory)
and franchises; provided, however, that the Company shall not be required to preserve any such
right or franchise if the Company shall determine that the preservation thereof is no longer
desirable in the conduct of the business of the Company and that the loss thereof is not
disadvantageous in any material respect to the Holders.

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Section 1006. Maintenance of Properties.

          The Company will cause all material properties used or useful in the conduct of its business
or the business of any Subsidiary to be maintained and kept in good condition, repair and working
order and supplied with all necessary equipment and will cause to be made all necessary repairs,
renewals, replacements, betterments and improvements thereof, all as (and to the extent) in the
judgment of the Company may be necessary or appropriate in connection with its business; provided,
however, that nothing in this Section shall prevent the Company from discontinuing the operation or
maintenance of any of such properties if such discontinuance is, in the judgment of the Company,
desirable in the conduct of its business or the business of any Subsidiary and not disadvantageous
in any material respect to the Holders.

Section 1007. Payment of Taxes and Other Claims.

          The Company will pay or discharge or cause to be paid or discharged, within 30 days after the
Company shall have received notice that the same has become delinquent (1) all material taxes,
assessments and governmental charges levied or imposed upon the Company or any Subsidiary or upon
the income, profits or property of the Company or any Subsidiary, and (2) all lawful claims for
labor, materials and supplies which, if unpaid, might by law become a material lien upon the
property of the Company or any Subsidiary; provided, however, that the Company shall not be
required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or
claim whose amount, applicability or validity is being contested in good faith by appropriate
proceedings; provided, further, that the Company shall not be required to pay or discharge or cause
to be paid or discharged any such tax, assessment, charge or claim unless the failure to pay or
discharge such tax, assessment, charge or claim would, individually or in the aggregate with all
such failures, have a material adverse effect on the Company and its Subsidiaries taken as a whole.

Section 1008. Limitations on Liens.

          Unless the terms of a particular series of Securities otherwise provide, so long as any
Securities of such series remain Outstanding, the Company will not, nor will it permit any
Subsidiary to, issue, incur, create, assume or guarantee any debt for borrowed money (hereinafter
referred to as “Debt”), secured by a mortgage, security interest, pledge, lien, charge or other
encumbrance (mortgages, security interests, pledges, liens, charges and other encumbrances being
hereinafter in this Article Ten referred to as “lien” or “liens”) upon any Principal Property of
the Company or any Subsidiary or upon any shares of stock or indebtedness of any Subsidiary that
owns any Principal Property (whether such Principal Property, shares of stock or indebtedness are
now existing or owed or hereafter created or acquired) without in any such case effectively
providing concurrently with the issuance, incurrence, creation, assumption or guaranty of any such
Debt that the Securities of such series (together with, if the Company shall so determine, any
other indebtedness of or guarantee by the Company or such Subsidiary ranking equally with the
Securities of such series and then existing or thereafter created) shall be secured equally and
ratably with (or, at the Company’s option, prior to) such secured Debt until such time as such Debt
is no longer secured by a lien. The preceding sentence shall not require the Company to secure any
Securities of such series if the lien consists of either of the following:

          (a) Permitted Liens; or

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          (b) liens securing Debt if, after giving pro forma effect to the incurrence, creation,
assumption or guaranty of such Debt (and the receipt and application of the proceeds thereof) or
the securing of outstanding Debt, the sum of (without duplication) (i) the aggregate principal
amount of all such Debt of the Company and its Subsidiaries secured by liens (other than Permitted
Liens) upon Principal Property of the Company or any Subsidiary or upon any shares of stock or
indebtedness of any Subsidiary that owns Principal Property (or, in the case of a lien, the lesser
of such principal amount and the fair market value of the property subject to such lien, as
determined in good faith by the Board of Directors) and (ii) all Attributable Indebtedness in
respect of Sale and Lease-Back Transactions in each case not otherwise permitted under Section
1009, at the time of determination does not exceed the greater of 10% of Consolidated Net Tangible
Assets or $800,000,000.

Section 1009. Limitations on Sale and Lease-Back Transactions.

          Unless the terms of a particular series of Securities otherwise provide, so long as any
Securities of such series remain Outstanding, the Company will not, nor will it permit any
Subsidiary to, enter into any Sale and Lease-Back Transaction unless (a) the Company or such
Subsidiary would be entitled to incur Debt secured by a lien on the Principal Property involved in
such transaction in an amount at least equal to the Attributable Indebtedness with respect to such
Sale and Lease-Back Transaction without equally and ratably securing the Securities of such series
pursuant to Section 1008 or (b) the Company, within six months after the effective date of such
Sale and Lease-Back Transaction, applies an amount equal to the Attributable Indebtedness in
respect of such Sale and Lease-Back Transaction to the defeasance or retirement (other than any
mandatory retirement, mandatory prepayment or sinking fund payment or by way of payment at
maturity) of Securities or other Debt of the Company or a Subsidiary that matures more than one
year after the creation of such Debt or to the purchase, construction or development of other
comparable property.

Section 1010. Waiver of Certain Covenants.

          The Company may omit in any particular instance to comply with any term, provision or
condition set forth in Sections 1008 and 1009 with respect to the Securities of any series if
before the time for such compliance the Holders of not less than a majority in principal amount of
the Outstanding Securities of such series shall, by Act of such Holders, either waive such
compliance in such instance or generally waive compliance with such term, provision or condition,
but no such waiver shall extend to or affect such term, provision or condition except to the extent
so expressly waived, and, until such waiver shall become effective, the obligations of the Company
and the duties of the Trustee in respect of any such term, provision or condition shall remain in
full force and effect.

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ARTICLE ELEVEN

REDEMPTION OF SECURITIES

Section 1101. Applicability of Article.

          Securities of any series which are redeemable before their Stated Maturity shall be redeemable
in accordance with their terms and (except as otherwise specified as contemplated by Section 301
for Securities of any series) in accordance with this Article.

Section 1102. Election to Redeem; Notice to Trustee.

          The election of the Company to redeem any Securities shall be evidenced by a Board Resolution.
In case of any redemption at the election of the Company of less than all the Securities of any
series, the Company shall, at least 60 days (45 days in the case of redemption of all Securities of
any series or of any series with the same (i) Stated Maturity, (ii) period or periods within which,
price or prices at which and terms and conditions upon which such Securities may or shall be
redeemed or purchased, in whole or in part, at the option of the Company or pursuant to any sinking
fund or analogous provision or repayable at the option of the Holder and (iii) rate or rates at
which the Securities bear interest, if any, or formula pursuant to which such rate or rates accrue
(collectively, the “Equivalent Principal Terms”)) prior to the Redemption Date fixed by the Company
(unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such
Redemption Date of the principal amount of Securities of such series to be redeemed and, if
applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of
Securities prior to the expiration of any restriction on such redemption provided in the terms of
such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an
Officers’ Certificate evidencing compliance with such restriction.

Section 1103. Selection by Trustee of Securities to Be Redeemed.

          If fewer than all the Securities with Equivalent Principal Terms of any series are to be
redeemed (unless all of the Securities of such series and of a specified tenor are to be redeemed),
the particular Securities to be redeemed shall be selected (pro rata, to the extent practicable)
not more than 60 days prior to the Redemption Date by the Trustee. The Trustee shall make the
selection from the Outstanding Securities of such series not previously called for redemption. The
Trustee may select for redemption portions of the principal of Securities that have denominations
larger than $2,000. Securities and portions of them the Trustee selects shall be in principal
amounts of $2,000 or any integral multiples of $1,000 in excess thereof. Provisions of this
Indenture that apply to Securities called for redemption also apply to portions of Securities
called for redemption.

          The Trustee shall promptly notify the Company in writing of the Securities selected for
redemption and, in the case of any Securities selected for partial redemption, the principal amount
thereof to be redeemed.

          For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to
be redeemed only in part, to the portion of the principal amount of such Securities which has been
or is to be redeemed.

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Section 1104. Notice of Redemption.

          Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than
30 nor more than 60 days prior to the Redemption Date, unless a shorter period is specified in the
Securities to be redeemed, to each Holder of Securities to be redeemed, at his address appearing in
the Security Register.

          Any notice that is mailed to the Holder of any Securities in the manner herein provided shall
be conclusively presumed to have been duly given, whether or not such Holder receives the notice.

          All notices of redemption shall state:

     (1) the Redemption Date;

     (2) the Redemption Price and the amount of accrued interest, if any, to be paid;

     (3) if less than all the Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption of any Securities, the principal
amounts) of the particular Securities to be redeemed;

     (4) in case any Security is to be redeemed in part only, the notice which relates to such
Security shall state that on and after the Redemption Date, upon surrender of such Security,
the Holder of such Security will receive, without charge, a new Security or Securities of
authorized denominations for the principal amount thereof remaining unredeemed;

     (5) that on the Redemption Date the Redemption Price will become due and payable upon each
such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on
and after said date;

     (6) the place or places where such Securities are to be surrendered for payment of the
Redemption Price;

     (7) that the redemption is for a sinking fund, if such is the case;

     (8) the “CUSIP” number, ISIN or “Common Code” number, if any, printed on the Securities
being redeemed; and

     (9) that no representation is made as to the correctness or accuracy of the “CUSIP”
number, ISIN, or “Common Code” number, if any, listed in such notice or printed on the
Securities.

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          Notice of redemption of Securities to be redeemed at the election of the Company shall be
given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of
the Company and shall be irrevocable.

Section 1105. Deposit of Redemption Price.

          On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a
Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as
provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and (except
if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities
which are to be redeemed on that date.

Section 1106. Securities Payable on Redemption Date.

          Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall,
on the Redemption Date, become due and payable at the Redemption Price therein specified, and from
and after such date (unless the Company shall default in the payment of the Redemption Price and
accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security
for redemption in accordance with said notice, such Security shall be paid by the Company at the
Redemption Price, together with accrued interest to the Redemption Date; provided, however, that,
unless otherwise specified as contemplated by Section 301, installments of interest whose Stated
Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities,
or one or more Predecessor Securities, registered as such at the close of business on the relevant
Record Dates according to their terms and the provisions of Section 307.

          If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date
at the rate prescribed therefor in the Security.

Section 1107. Securities Redeemed in Part.

          Any Security which is to be redeemed only in part shall be surrendered at a Place of Payment
therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written
instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the
Holder thereof or his attorney duly authorized in writing), and the Company shall execute, and the
Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new
Security or Securities of the same series and of like tenor, of any authorized denomination as
requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed
portion of the principal of the Security so surrendered.

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ARTICLE TWELVE

SINKING FUNDS

Section 1201. Applicability of Article.

          The provisions of this Article shall be applicable to any sinking fund for the retirement of
Securities of a series except as otherwise specified as contemplated by Section 301 for Securities
of such series.

          The minimum amount of any sinking fund payment provided for by the terms of Securities of any
series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of
such minimum amount provided for by the terms of Securities of any series is herein referred to as
an “optional sinking fund payment.” The cash amount of any sinking fund payment may be subject to
reduction as provided in Section 1202. Each sinking fund payment shall be applied to the redemption
of Securities of any series as provided for by the terms of Securities of such series.

Section 1202. Satisfaction of Sinking Fund Payments with Securities.

          The Company (a) may deliver Outstanding Securities of a series (other than any previously
called for redemption) and (b) may apply as a credit Securities of a series which have been
redeemed either at the election of the Company pursuant to the terms of such Securities or through
the application of permitted optional sinking fund payments pursuant to the terms of such
Securities, in each case in satisfaction of all or any part of any sinking fund payment with
respect to the Securities of such series required to be made pursuant to the terms of such
Securities as provided for by the terms of such Series; provided that such Securities have not been
previously so credited. Such Securities shall be received and credited for such purpose by the
Trustee at the Redemption Price specified in such Securities for redemption through operation of
the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Section 1203. Redemption of Securities for Sinking Fund.

          Not less than 60 days prior to each sinking fund payment date for any series of Securities,
the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next
ensuing sinking fund payment for that series pursuant to the terms of that series, the portion
thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which
is to be satisfied by delivering the crediting Securities of that series pursuant to Section 1202
and will also deliver to the Trustee any Securities to be so delivered. Not less than 30 days
before each such sinking fund payment date the Trustee shall select the Securities, if any, to be
redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause
notice of the redemption thereof to be given in the name of and at the expense of the Company in
the manner provided in Section 1104. Such notice having been duly given, the redemption of such
Securities shall be made upon the terms and in the manner stated in Sections 1106 and 1107.

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ARTICLE THIRTEEN

DEFEASANCE AND COVENANT DEFEASANCE

Section 1301. Company’s Option to Effect Defeasance or Covenant Defeasance.

          Section 1302 and/or Section 1303 shall apply to the Outstanding Securities of any series to
the extent specified as contemplated by Section 301 for Securities of such series.

Section 1302. Defeasance and Discharge.

          The Company shall be deemed to have been discharged from its obligations with respect to the
Outstanding Securities of such series as provided in this Section on and after the date the
conditions set forth in Section 1304, in the case of defeasance, are satisfied (hereinafter called
“Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have
paid and discharged the entire indebtedness represented by the Outstanding Securities of such
series and to have satisfied all of its other obligations under the Securities of such series and
this Indenture insofar as the Securities of such series are concerned (and the Trustee, at the
expense of the Company, shall execute proper instruments acknowledging the same), subject to the
following which shall survive until all the Securities of such series have in fact been paid in
full: (a) the rights of Holders of Securities of such series to receive, solely from the trust fund
described in Section 1304 and as more fully set forth in such Section, payments in respect of the
principal of and any premium and interest on such Securities of such series when payments are due,
and (b) the Company’s obligations with respect to the Securities of such series under Sections 304,
305, 306, 1002 and 1003. Thereafter, the Company’s obligations set forth in Sections 607 and 1305
shall survive. The rights, powers, trusts, duties and immunities of the Trustee hereunder and the
provisions of this Article shall survive until otherwise terminated or discharged hereunder.

          Subject to compliance with this Article, the Company may defease the Outstanding Securities of
any series pursuant to this Section notwithstanding the prior Covenant Defeasance of the
Outstanding Securities of such series pursuant to Section 1303.

Section 1303. Covenant Defeasance.

          The Company shall be released from its obligations under Sections 1005 through 1009,
inclusive, and the occurrence of any event specified in Sections 501(4) (with respect to any of
Sections 1005 through 1009 inclusive) and 501(7) or under any covenant added with respect to a
series of Securities pursuant to Section 301 shall be deemed not to be or result in an Event of
Default, in each case with respect to Outstanding Securities of any series as provided in this
Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter
called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that the Company
may omit to comply with and shall have no liability in respect of any term, condition or limitation
set forth in any such specified Section (to the extent so specified in the case of Section 501(4)),
whether directly or indirectly by reason of any reference elsewhere herein to any such Section or
by reason of any reference in any such Section to any other provision herein or in any other
document, but the remainder of this Indenture and the Securities of such series shall be unaffected
thereby.

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Section 1304. Conditions to Defeasance or Covenant Defeasance.

          The following shall be the conditions to Defeasance pursuant to Section 1302 or Covenant
Defeasance pursuant to Section 1303 of the Outstanding Securities of any series:

     (1) The Company shall irrevocably have deposited or caused to be deposited with the
Trustee (or another trustee that satisfies the requirements contemplated by Section 609 and
agrees to comply with the provisions of this Article applicable to it) as trust funds in trust
for the purpose of making the following payments, specifically pledged as security for, and
dedicated solely to, the benefit of the Holders of Outstanding Securities of such series, (A)
money in an amount, or (B) U.S. Government Obligations that through the scheduled payment of
principal and interest in respect thereof in accordance with their terms will provide, not
later than the due date of any payment, money in an amount, or (C) a combination thereof, in
each case sufficient, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, to pay and
discharge each installment of principal (including mandatory sinking fund payments) of, and
premium (not relating to optional redemption), if any, and interest on, the Outstanding
Securities of such series on the dates such installments of principal of, and premium (not
relating to optional redemption), if any, or interest are due.

     (2) In the case of Defeasance under Section 1302, the Company shall have delivered to the
Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling or (B) since the date first set forth
hereinabove, there has been a change in the applicable Federal income tax law, in either case
(A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders
of the Outstanding Securities of such series will not recognize gain or loss for Federal income
tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect
to the Securities of such series and will be subject to Federal income tax on the same amount,
in the same manner and at the same times as would be the case if such deposit, Defeasance and
discharge were not to occur.

     (3) In the case of Covenant Defeasance under Section 1303, the Company shall have
delivered to the Trustee an Opinion of Counsel to the effect that the Holders of the
Outstanding Securities of such series will not recognize income, gain or loss for Federal
income tax purposes as a result of the deposit and Covenant Defeasance to be effected with
respect to the Securities of such series and will be subject to Federal income tax on the same
amount, in the same manner and at the same times as would be the case if such deposit and
Covenant Defeasance were not to occur.

     (4) The Company shall have delivered to the Trustee an Officers’ Certificate to the effect
that the Securities of such series, if then listed on any securities exchange, will not be
delisted as a result of such deposit.

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     (5) No Event of Default or event that (after notice or lapse of time or both) would
become an Event of Default shall have occurred and be continuing at the time of such deposit
or, with regard to any Event of Default or any such event specified in Sections 501(5) and (6),
at any time on or prior to the 90th day after the date of such deposit (it being understood
that this condition shall not be deemed satisfied until after such 90th day).

     (6) Such Defeasance or Covenant Defeasance shall not cause the Trustee to have a
conflicting interest within the meaning of the Trust Indenture Act (assuming all Securities are
in default within the meaning of such Act).

     (7) Such Defeasance or Covenant Defeasance (including the deposit pursuant to such
Defeasance or Covenant Defeasance) shall not result in a breach or violation of, or constitute
a default under, the Indenture or any other agreement or instrument to which the Company is a
party or by which it is bound.

     (8) The Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent with respect to such Defeasance
or Covenant Defeasance have been complied with.

     (9) Such Defeasance or Covenant Defeasance shall not result in the trust arising from such
deposit constituting an investment company within the meaning of the Investment Company Act of
1940, unless such trust shall be qualified under such Act or exempt from regulation thereunder.

Section 1305. Deposited Money and U.S. Government Obligations to be Held in Trust; Indemnity for
U.S. Government Obligations; Repayment to Company.

          (a) Subject to the provisions of the last paragraph of Section 1003, all money and U.S.
Government Obligations (including the proceeds thereof) deposited with the Trustee or other
qualifying trustee (solely for purposes of this Section and Section 1306, the Trustee and any such
other trustee are referred to collectively as the “Trustee”) pursuant to Section 1304 in respect of
the Securities of any series shall be held in trust and applied by the Trustee, in accordance with
the provisions of the Securities of such series and this Indenture, to the payment, either directly
or through any such Paying Agent (including the Company acting as its own Paying Agent) as the
Trustee may determine, to the Holders of Securities of such series, of all sums due and to become
due thereon in respect of principal and any premium and interest, but money so held in trust need
not be segregated from other funds except to the extent required by law.

          (b) The Company shall pay and indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 1304
or the principal and interest received in respect thereof other than any such tax, fee or other
charge that by law is for the account of the Holders of Outstanding Securities.

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          (c) Anything in this Article to the contrary notwithstanding, the Trustee and any Paying
Agent shall promptly deliver or pay to the Company upon Company Request any money or U.S.
Government Obligations held by them as provided in Section 1304 with respect to Securities of any
series that, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, are in excess of the amount
thereof that would then be required to be deposited to effect an equivalent Defeasance or Covenant
Defeasance with respect to the Securities of such series.

Section 1306. Reinstatement.

          If the Trustee or the Paying Agent is unable to apply any money in accordance with this
Article with respect to the Securities of any series by reason of any order or judgment of any
court or governmental authority enjoining, restraining or otherwise prohibiting such application,
then the Company’s obligations under this Indenture and the Securities of such series shall be
revived and reinstated as though no deposit had occurred pursuant to this Article with respect to
Securities of such series until such time as the Trustee or Paying Agent is permitted to apply all
money held in trust pursuant to Section 1305 with respect to Securities of such series in
accordance with this Article; provided, however, that if the Company makes any payment of principal
of or any premium or interest on any Security of such series following the reinstatement of its
obligations, the Company shall be subrogated to the rights of the Holders of Securities of such
series to receive such payment from the money so held in trust.

ARTICLE FOURTEEN

REPAYMENT AT OPTION OF SECURITY HOLDERS

Section 1401. Applicability of Article.

          Securities of any series which are repayable at the option of the Holders thereof before their
Stated Maturity shall be repaid in accordance with their terms and (except as otherwise
contemplated by Section 301 for Securities of such series) in accordance with this Article.

Section 1402. Repayment of Securities.

          Each Security which is subject to repayment in whole or in part at the option of the Holder
thereof on a Repayment Date shall be repaid at the applicable Repayment Price together with
interest accrued to such Repayment Date as specified pursuant to Section 301.

Section 1403. Exercise of Option; Notice.

          Each Holder desiring to exercise his option for repayment shall, as conditions to such
repayment, surrender the Security to be repaid with written notice of the exercise of such option
at any office or agency of the Company in a Place of Payment, not less than 15 nor more than 30
days prior to the Repayment Date. Such notice, which shall be irrevocable, shall identify the
Security to be repaid and shall specify the principal amount of such Security to be repaid, which
shall be not less than the minimum authorized denomination for such Security or an

69

 

integral multiple of $1,000 in excess thereof and, in the case of a partial repayment of the
Security, the denomination or denominations of the Security or Securities with Equivalent Principal
Terms to be issued to the Holder for the portion of the principal of the Security surrendered which
is not to be repaid.

          Any Security which is to be repaid only in part shall be surrendered at a Place of Payment
therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written
instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the
Holder thereof or his attorney duly authorized in writing), and the Company shall execute, and the
Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new
Security or Securities with Equivalent Principal Terms, of any authorized denomination as requested
by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion
of the principal of the Security so surrendered.

          For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the repayment of Securities shall relate, in the case of any Security repaid or to be
repaid only in part, to the portion of the principal of such Security which has been or is to be
repaid.

Section 1404. Securities Payable on the Repayment Date.

          Notice of exercise of the option of repayment having been given and the Securities so to be
repaid having been surrendered as aforesaid, such Securities shall, on the Repayment Date, become
due and payable at the Repayment Price therein specified and from and after such date (unless the
Company shall default in the payment of Repayment Price and accrued interest) such Securities shall
cease to bear interest. Upon surrender of any such Security for repayment in accordance with
Section 1403, such Security shall be paid by the Company at the Repayment Price, together with
accrued interest to the Repayment Date; provided, however, that, installments of interest on
Securities whose Stated Maturity is on or prior to the Repayment Date shall be payable to the
Holders of such Securities, or one or more Predecessor Securities, registered as such at the close
of business on the relevant Record Dates according to their terms and the provisions of Section
307.

          If any Security duly surrendered for repayment shall not be so paid, the principal and any
premium shall, until paid, bear interest from the Repayment Date at the rate prescribed therefor in
the Security.

* * * * * *

          This instrument may be executed in any number of counterparts, each of which so executed shall
be deemed to be an original, but all such counterparts shall together constitute but one and the
same instrument.

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

	 	 	 	 	 	 	 

	 	 	DELL INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary E. Bischoping
 

Gary E. Bischoping
	 	 
	 

	 	Title:
	 	VP/Treasurer	 	 
	 
	 	 	 	 	 	 
	Seal:

	 	Attest:
	 	/s/ Janet B. Wright	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Julie Hoffman-Ramos
 

Julie Hoffman-Ramos
	 	 
	 

	 	Title:
	 	Assistant Treasurer	 	 
	 
	 	 	 	 	 	 
	Seal:

	 	Attest:
	 	/s/ Mauri J. Cowen
 

	 	 

Signature Page TO

Indenture

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