Document:

DONATION OF MINING ASSETS CONTRACT CELEBRATED BY A) CORPORACIÓN AMERMIN, S

DONATION OF MINING ASSETS CONTRACT CELEBRATED BY A) CORPORACIÓN AMERMIN, S. A. DE C. V., REPRESENTED IN THIS ACT BY RAMIRO TREVIZO GONZÁLEZ IN HIS PERSONALITY AS LEGAL REPRESENTATIVE AS WELL AS BY RAMIRO TREVIZO LEDEZMA, REPRESENTED IN THIS ACT BY RAMIRO TREVIZO GONZÁLEZ IN HIS PERSONALITY AS GENERAL PROXY (THE DONORS) AND BY B) EMILIO ACUÑA PERALTA, REPRESENTED IN THIS ACT BY CONRADO ACUÑA ARANDA IN HIS PERSONALITY AS GENERAL PROXY (THE ASSIGNEE), JOINTLY NAMED THE “PARTIES”, IN ACCORDANCE WITH THE FOLLOWING DECLARATIONS AND CLAUSES:

DECLARATIONS

I.

Corporación Amermin, S. A. de C. V., through the offices of its legal representative and under oath of stating the truth, declares, that:

1. It is a Mexican mercantile Society, specifically a Stock Company with 

Varying Amount of Capital, duly established and operating in agreement   with he applicable and legal dispositions in the United States of Mexico as per the prescriptions 10 and 11 of the Mining Law, among other applicable and current legal dispositions and evinced in Public Writ number 9,311 granted on the 9th August 1995   before testimony of Mr. José R. Miller Hermosillo, Notary Public number 2 of the Morelos Judicial District and instrument that was duly inscribed in the Public Registry of Commerce of said judicial district under electronic mercantile folio 23,391*10 as of the 29th January 2007, and reason by which he enjoys the required personality to subscribe this present agreement.

2. Its representative enjoys with the mandates, powers and necessary and sufficient faculties to subscribe this present agreement, as proof of such is given in Public Writ number 22,503, granted on the 12th  of June 2008 before testimony of Mrs. Elsa Ordóñez Ordóñez, applicant to the exercise of Public Notary and ascribed to Notary Public number 28 of the Morelos Judicial District, State of Chihuahua and acting as Notary Public per license of its Title Holder Mr. Felipe Colomo Castro, Attorney, and instrument that was duly inscribed in the Public Registry of Commerce of   said judicial district under electronic mercantile folio number 23,391*10 and same that to date have not been restrained, limited, suspended or revoked, and reason by which he enjoys the required capacity to sign this agreement.

3. It is duly inscribed in the Federal Taxpayers Registry with identification certificate number CAM-950810-K77, and being current to date in its income tax payments and other contributions that have corresponded conforming to the applicable and current fiscal legislation;

4. He is the owner of 97% (ninety seven per cent) of the ownership rights of the goods described in detail in the inventory attached to this present writing as Annex I (the ASSET);

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5. Assets are free of burden, attachment and limitation in ownership of any kind and reason why it is possible to make use of same as may be agreed, either partially or in total;

6. The availability of the property rights of ownership of ASSETS under the terms of this present instrument does not imply any non compliance whatsoever with engagements committed to previously on the part of the company;

7. The Administration Board has authorized the celebration of this instrument as it is viable with the ends of the social object of said corporation, and;

8. It is the will of its Administration Board to subscribe this present agreement with the purpose of donating in favor of the ASSIGNEE the title holding on the property it holds on the ASSETS in the corresponding percentage as has been indicated, heeding in every instance to the terms and conditions of this instrument.

 

II.

Ramiro Trevizo Ledezma through the offices of his general proxy and under oath of stating the truth, declares, that:

1.To be a Mexican citizen, of age in complete use of his mental and physical faculties, as well as enabled to exercise trade and all kinds of mercantile operations and reason by which he enjoys the necessary and sufficient personality to intervene in this present judicial act.

2. His General Proxy enjoys the faculties, powers, and the sufficient and necessary mandates to subscribe this present agreement as is evinced in Public Writ number 23,617, granted on the 25th April 2009 before the testimony of Mrs. Elsa Ordóñez Ordóñez, Attorney, and applicant to the exercise of Public Notary, ascribed to Public Notary number 28 of the Morelos Judicial District. State of Chihuahua, and acting as Notary Public per license of the offices Title Holder, Mr. Felipe Colomo Castro, Attorney, and same that have not been limited, restrained, suspender not revoked to date, reason by which he has the capacity and representation to subscribe this agreement;

3. Is duly inscribed in the Federal Taxpayers Registry under certificate number TELR-560904-R47 and is to date current in his income tax payments and other contributions that might have corresponded to him in conformity with the applicable and current fiscal legislation.

4. He is the title holder of the remaining 3% (three per cent) of the property rights on the ASSETS.

5. The ASSETS are free of any burden, attachment or limitation in ownership of any kind and that is why it is legally possible to make use of same as can be agreed, partially or in total.

6. It is his free will to subscribe this present agreement with the purpose of transferring in favor of the ASSIGNEE the title holding of the property rights he 

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holds on the ASSETS in the corresponding percentage as indicated, heeding in every instance to the terms and conditions of this instrument.

III. The ASSIGNEE declares per his own right and under oath of stating the truth, that:

1. He is a Mexican citizen, of age, to be in full possession of his mental and physical faculties  as well as enabled to engage in commerce and in any other mercantile operation and reason by which he enjoys the sufficient and necessary capacity to intervene in this present judicial act;

2. His General Proxy enjoys the mandates, powers and required faculties to subscribe this present contract just as is evinced in the Public Writ number 25,243 of volume CCLVII, granted on the 18th February 2008 before the testimony of David Martín Magaña Monreal, Attorney, Public Notary number 16 of the City of Hermosillo, State of Sonora, and same that have not been limited, restrained, suspended or revoked to date.

3. To be duly inscribed in the Federal Taxpayers Registry with Identification Certificate number  AUPE-5001019-NQO  and being to date current in his income tax payments and other contributions that have corresponded to him in conformity with the applicable and current legislation.

4. He is in full satisfactory knowledge of the state kept to date of the ASSETS and recognizes likewise that same are free of attachments, liens and without limitation in their ownership of whatever kind, and;

5. It is his free will to subscribe this present agreement with the purpose that the DONORS grant to him the title holding of the ASSETS in the corresponding percentage as already stated, heeding in every instance to the terms and conditions of this instrument.

IV.

PARTIES declare through the offices of their respective representatives and general proxies, as the case may be, under oath of stating the truth, that they recognize the personality they hold in addition of assisting to the subscription of this present contract in good faith, free of any deceit, error, violence or any other vitiation whatsoever in their consent with the purpose of committing themselves to the following:

CLAUSES

FIRST. OBJECT: Heeding the disposition of article 2,332 of the Federal Civil Code among other applicable and current legal dispositions, by virtue of the subscription of this present contract, the DONORS gratuitously donate in definite and totally in favor in favor of the ASSIGNEE in the corresponding percentages, free of any attachment, lien or limitation in ownership of any kind, the property rights it holds on the ASSETS.

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SECOND. ACCEPTANCE: Under the terms of article 2,340 of the Federal Civil Code among other applicable and current legal dispositions, the ASSIGNEE makes known in this same act to the DONORS the acceptance of their donation, and as of this moment the donation is considered perfect for all legal effects that may take place.

THIRD. SAFEKEEPING IN CASE OF EVICTION:  The DONORS commit themselves to answer before the ASSIGNEE of the safekeeping in case of eviction of the ASSETS, as indicated in article 2,283, fraction III, of the Federal Civil Code among other applicable and current legal dispositions.

FOURTH. DELIVERY OF ASSETS: The DONORS commit themselves expressly to deliver in favor of the ASSIGNEE within the following 15 (fifteen) natural days of the date of subscription of this present contract the possession of the mobile goods integrating the ASSETS, exactly at the location in which they are on the date established.

FIFTH. DOCUMENTATION: The DONORS deliver in favor of the ASSIGNEE in this same act, the totality of documents related with the ASSETS, and these instruments constitute the widest berth receipt that may proceed by Law to such an effect.

FORMALIZATION OF THE DONATION: Taking into consideration the value of the mobile goods integrating the ASSETS, PARTIES commit themselves to ratify before Notary Public or Public Broker this present document as soon as possible in order to fully comply with the disposition of articles 2,344 of the Federal Civil Code and 2,236 of the Civil Code for the Free and Sovereign State of Chihuahua among other applicable and current legal dispositions.

SIXTH. EXPENSES: The totality of expenses, taxes, fees and rights as well as other expenses that should be paid for the subscription and ratification of this present instrument before the Public Registry of Mines will be defrayed by the DONORS.

EIGHTH. CONFIDENTIALITY: PARTIES expressly commit themselves to keep in a confidential manner the totality of past, present and future information related with this instrument, and extending same obligation when disclosed to any private person or corporation.

The PARTY recipient of confidential information must limit access to it to its representatives or employees who, under a justified and reasonable cause, should request access to such and information. In such cases, PARTIES must extend same confidentiality obligation to the persons confidential information is disclosed to.

For purposes of this present clause, the following will not be considered confidential information: 1. Information legitimately known and obtained by the recipient PARTY prior to the subscription of this agreement; 2. Information that is to date or in the future considered as public domain, if and ever such consideration did not derive from a non compliance by any of the PARTIES to the stipulation of this clause, or; 3. Information that must be disclosed to per law or an administrative or judicial mandate from competent authorities, including those of the Stock Exchange, both in the United States of Mexico or abroad.

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NINTH. FISCAL OBLIGATIONS: On being registered and regulated before the Secretary of the Treasury and Public Credit and other competent fiscal authorities, as well as being current in their income tax payments and other contributions that have corresponded to them to date, PARTIES convene that each will defray in separate tax payments that individually correspond to each in compliance to the terms and conditions of this present instrument and in accordance to the applicable and current fiscal legislation, obliging themselves to safe keep its counterpart regarding any fiscal responsibility that might be imputed contrary to this clause by the mentioned authorities.

TENTH. ADDRESSES AND CONTACT TELEPHONES: PARTIES agree that for anything in reference to the execution and compliance with the terms and conditions of this present instrument, as well as to carry out announcements, notifications and other communications related to same, they state their addresses and telephone numbers to be:

DONORS

ASSIGNEE

Calle California 5101, Suite 206

Private de Connecticut 1805

Edificio Ejecutivo Vértice

Col. Residencial Campestre

Col. Haciendas de Santa Fe

Ciudad de Chihuahua

Ciudad de Chihuahua

Estado de Chihuahua

México

México

Ph: 52-614-200-8483

Ph: 52-614-423-4098

In case of change of address, PARTIES agree in notifying their counterpart of such a fact at least 5 (five) natural days in advance of the date in which the change of address will take place.

ELEVENTH. ANNOUNCEMENTS, NOTIFICATIONS AND COMMUNICATIONS: PARTIES agree that any announcement, notification or communication necessary to have their counterpart know, must done in writing.

Sending of said documents can be carried out via three means: 1. By ordinary courier delivered on hand or by certificate mail, both with acknowledgement of receipt; 2. Via Fax or; 3. By electronic mail. In this last case, sending will only be considered valid and legally carried out when the reception of the respective electronic mail is confirmed electronically within three (3) natural days following the sending expressly stating receipt, by means of a confirming answering message sent by the recipient.

PARTIES agree likewise that announcements, notifications and communications carried out in relation to this present instrument will bear their respective effects on the day of their reception. In case that such message include some kind of term, this latter will begin to be in effect on the day following confirmation of reception.

TWELFTH: CONTACT PERSONS: PARTIES agree that the totality of announcements, notifications or communications necessary to be carried out between 

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them derived from the terms and conditions of this present instrument must be addressed indistinctly to the following persons:

DONORS

ASSIGNEE

RAMIRO TREVIZO LEDEZMA

EMILIO ACUÑA PERALTA

RAMIRO TREVIZO GONZÁLEZ

CONRADO ACUÑA PERALTA

IN case it be their will to change the contact persons, PARTIES convene in notifying their counterpart of such a circumstance at least 5 (five) natural days in advance from the date the change effectively takes place.

THIRTEENTH. TOTALITY OF CONTRACT: PARTIES accept and expressly acknowledge that this present contract contains the totality of the agreements between them regarding the object, and leaving without effect as well as cancelling the totality of the agreements, reports, negotiations, correspondence, commitments and communications carried out previously between them either in writing or verbally.

FOURTEENTH. APPLICABLE LAW: This present instrument will abide and will be interpreted in agreement with the Mining Law, its Ruling and the Federal Civil Code among other applicable and current legal dispositions in the United States of Mexico.

FIFTEENTH. JURISDICTION AND COMPETENCE: In case there may arise a controversy related to the validity, intention, interpretation, execution or compliance to this contract, PARTIES expressly agree to submit same before the competency of the courts of law of the Morelos Judicial District, in the City of Chihuahua, State of Chihuahua, surrendering as of this moment any other jurisdiction, competency or privilege that might correspond to them by reason of their present or future addresses, or by any other circumstance.

BOTH PARTIES IN THE KNOWLEDGE OF THE FORCE AND LEGAL REACH OF THIS PRESENT CONTRACT; THEY SUBSCRIBE IT BEING TOGETHER IN THE CITY OF CHIHUAHUA, STATE OF CHIHUAHUA ON THE FIRST DAY OF THE MONTH OF JULY OF THE YEAR TWO THOUSAND AND NINE.

DONORS

ASSIGNEE

Signature

  Signatura

RAMIRO TREVIZO GONZÁLEZ

CONRADO ACUÑA ARANDA

REPRESENTING:

REPRESENTING:

CORPORACIÓN AMERMIN

EMILIO ACUÑA PERALTA

S. A. DE C. V., Andy:

RAMIRO TREVIZO LEDEZMA

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ANNEX I

DETAILED DESCRIPTION OF THE ASSETS, OBJECT OF THIS CONTRACT

1. Complete “Elmex” electric sub-station including three-phase transformer 1250/1440 KVA Series 8954-1-1D480/277 Volts.

2. “Caterpillar” power plant, 625 KVA capacity, model 1999 with CAT 3412 motor, CAT generator model CR4B, Series 6EJ01166, including 3200 liters capacity fuel tank and installed on structural skid guarded by metallic structure and metal sheeting.

3. 2” diameter hydro-pneumatic equipment equipped with “CUMA” pump, KLL S-2 and US 5 hp electric motor number M 95 A – 939.

4. Steel cylindrical receiver 15,000 liters capacity, 8 meters high set on metallic structure.

5. “Deming” 8” diameter pump with US 75 hp electric motor, series 007-R280A-MEI and “Siemens” thermo-electric starter K981DE 200 amps.

6. 3” diameter centrifugal pump 15 hp, model A 80 A.

7. Steel cylindrical receiver 15,000 liters capacity.

8. Bridge type structure with 3” diameter centrifugal pumps and 15 hp “Siemens” electric motor series D96ESP 3620.

9. Two duplex bins fabricated from 1/4” plate, bottom structure and supported by 10” tube columns and PTR whitecaps. Each upper section 10’ X 20’ X 7’ in rectangular section and another with 9’ X 10’truncated section.

10. Coarse material reception bin fabricated from 1/8” steel plate, inside 1⁄4” steel shims: 4.7 meters X 3.40 meters, 2.20 meters and a 1.40 section X 0.50 with an approximate capacity of 50 tons.

11. Plate mechanism with rod activated by motor reducer 15 hp capacity electric motor without serial number.

12. 10’ X 4’ vibrating feeder and 2” with Siemens 15 hp electric motor N° A98T0018.

13. 23” wide conveyor belt, 12 meters long with 5 hp Siemens electric motor N° K91T554-196 and 3 hp reducer N° 115-205150MKS.

14. Cedar Rapids 18” X 36” Jaw Crusher, equipped with US 100 hp electric motor at 1720 rpm, series H177-AD2-M.

15. 30” 12 meters long conveyor belt, with 7.5 hp motor reducer model Q8233-03-074.

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16. Receiving bin fabricated from 1/8” plate and 1⁄4” shims upper 14’ X 6’ section and 1.4 meters height. And lower section1.40 meters X 0.50 meters.

17. 30# wide conveyor belt, 13 meters long with 10 hp electric motor type DFT13294 reducer, 5 hp, type SR80DT132M4, equipped with US 75 hp electric motor N° CO4-1-179-M mounted on portable chassis including side feed front end loader ramp.

18. 34” wide conveyor belt and 10 meters long, US 5 hp electric motor N° 2529736.

19. Bin fabricated out 1/8” of steel plate, 4.60 meters long and 3.35 trapezoidal meters high with lower section 25” X 25” with inside 1⁄4” lining.

20. Conveyor belt, 24 meters long, 30” wide (under construction).

21. Conveyor belt, 19 meters long, 30” wide, 10 hp motor reducer type DFT132M4, reducer type 128 0DT1324.

22. Conveyor belt, 17 meters long, 30” wide, 7.51 motor reducer TP without reducer W/O, reducer N° 1155MTP15H05K.

23. “Telesmith” short hydraulic cone crusher, 4 1⁄4 ft. N° 1300 FC, series WSM-110043900, equipped with 200 hp US electric motor with corresponding starter at reduced tension.

24. Unloading conveyor belt 30” wide, 5.5 meters long, 75 hp without series, motor reducer N° 115 SMTO15.

25. Main vibrating screen 6’ X 4’, fabricated from 3/8” steel plate, eccentric mechanism, 12 springs, three beds with classifying chutes, Siemens 20 hp electric motor supported on tube columns.

26. + 3⁄4” product conveyor belt, 30” wide, 15 meters long, with 7.5 hp motor reducer N° 15 SMTP 15.

27. – 3⁄4” + 1⁄4” product conveyor belt, 30” wide and 20 meters long, with 15 hp motor reducer without serial number.

28. – 1⁄4” product conveyor belt, 24” wide and 12 meters long, 3 hp motor reducer N° 425 A 0040182.

29. Secondary vibrating screen 5’ X 8’, fabricated from 3/8” steel plate, three beds and exit chutes, mounted of tubular 8” diameter columns.

30. Conveyor belt (– 1⁄4” + 1/8”), 20” wide, 9 meters long, 2 hp US electric motor N° VII-591544-FGT.

31. Conveyor belt (– 1/8”), 24” wide, 12 meters long, 2 hp US electric motor N° VII-591544-FGT.

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32. Fines cylindrical and lower conical receiving bin fabricated from 1⁄4” plate, supported on 10” diameter columns, 250 tons capacity with two manual activated exit chutes.

33. Discharge conveyor belt with exit chute, 34” wide, 16 meters long, 15 hp Duty Master electric motor without serial number and15 hp motor reducer N° T49168.

34. 21” wide conveyor belt, 8 meters long with 3 hp electric VAR-DRIVE variable speed motor reducer and N° 137895 reducer.

35. Rectangular section bin in most of its length 8’ X 8’ X 16’ section and trapezoidal section with lower 14” X 14” section and 66” in height, fabricated from 1⁄4” plate and supported on 10” diameter tubular columns with an approximate capacity of 60 tons, with rail mechanism and discharge dump for a 500 kilograms skip.

36. 18” wide overhead conveyor belt, 10 meters long, 3 hp US electric motor and N° 922692 reducer and joining mechanisms.

37. 5” X 7” Ball mill fabricated by “Avante Ingenieros” manufacturing company; with motorized lubrication systems for both main mill bearing. Two electric motors are used each 0.5 hp at 1140 rpm, 440 volts. Mill is actuated by a transmission per means of a three phase motor manufactures by IEM, 100 hp, 887 rpm, model 141272147T frame, serial number 2804001 coupled to a “Falk” speed motor model 2080Y1 with a reduction ration of 4.13: 1, interconnected with Falk type couplings.

38. SRL slurry horizontal centrifugal pump, 2 1⁄2” X 2, actuated by Siemens 5 hp electric motor at 1750 rpm.

39. Krebs hydraulic cyclone model DIOB-840, serial 30919.

40. “Denver” ball mill overflow type, 7’ X 7 1⁄2’ size, serial 34897258-2, Gear Pacific speed reduction transmission with reduction ratio 4.75: 1, serial 31C22, actuated by US three phase 200 hp electric motor, 1189 rpm, 460 volts, 230 amps, serial W917-Z11-M1.

41. Galigher 4” X 3” slurry horizontal centrifugal pump, serial D-4-VR-CN-247, actuated by 15 hp electric motor, 1750 rpm.

42. Krebs hydraulic cyclone model DIOB-840. serial 31489.

43. ABB 5’ X 5’ conditioner tank actuated by 5 hp electric motor, 1750 rpm, serial K91T554-196.

44. Two rows of 6 flotation cells each, Galigher N° 15, effective volume 10 Cu. Ft. per cell. Each pair of cells is actuated by 7.5 hp electric motors, 1750 rpm, serial M917608-24 and K92T602-114 and two rows of cleaner cells type Sub-A N° 12 with Siemens 7.5 hp electric motor each.

45. Three Galigher SRL slurry pumps, 2” X 1 1⁄2” actuated by a 5 hp, 1750 rpm electric motor.

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46. Roots model AF-610 air blower actuated by 5 hp, 1750 rpm Siemens electric motor, serial L92T015-887.

47. Two type Clarkson 4 compartment cup reactivators US 1⁄4” hp, 1750 rpm, electric motor.

48. Two platforms with 14 Denver flotation cells type DR N° 24 each with a capacity of 50 Cu. Ft. in the following layout:

— One bench of 6 cells left to right flow, serial 34093746-1

—

One bench of 6 cells right to left flow, serial 34094504-3

—

One bench of two cells left to right flow, serial 34093747.

Cells are actuated by pulley and V belt transmission each two cells by 15 hp, 1750 rpm electric motors (7 motors in total). The cell benches are installed with foam sweeping pallets actuated by three phase electric motors and transmissions with following characteristics:

— One 1 hp, 1750 rpm electric motor coupled to Raisa reducer on a 60 ratio, TAM. VO863.

— One 1 hp, 1750 rpm electric motor coupled to Raisa reducer on a 60 ratio, TAM. VO863.

— One US I hp, 1750 rpm motor reducer.

49. “Pipsa-Galigher” 8’ conditioner tank 10’ diameter and 8’ long, actuated by three phase US 10 hp, 1200 rpm electric motor serial 1117-Y08-M.

50. Buffalo-Forge ventilator type blower actuated by three phase 10 hp, 3600 electric motor.

51. Denver type SRL horizontal centrifugal pump 2 1⁄2” X 2”, actuated by Siemens DW 5 hp, 1750 electric motor serial B9510015-771.

52. Two SRL type Galigher horizontal centrifugal pumps 2” X 1 1⁄2”, actuated by electric motors, Siemens 3 hp, 1750 rpm serials: L93T0014-48 and A94T00-48 respectively.

53. Two thickener tanks 8’ diameter and 6’ high, equipped with Denver simple 1 1⁄2” diaphragm suction pumps. The first tank uses for its central mechanism a 2hp AG motor reducer at 1750 rpm, serial P14X3256M-SN, size 513, serial 962298 for #2 thickener tank. The central mechanism has a 2hp AG, 1750 rpm electric motor, serial 410009. The pump uses a Siemens 1 hp electric motor serial M95T00011-466 and a RISGA speed reducer size 513, serial 952197.

54. A filtration module equipment mounted structural steel chassis on 6 8” steel tubular columns with the following equipment:

— A 6’ X 8’ diameter vacuum filter drum type “Eimco-Envirotech” serial 665-4 actuated by a REMSA variable speed motor reducer  1.5 hp, electric motor, size 223 type 122 serial 1-138000388 and a mechanical agitator actuated by a “Westinghouse” motor reducer 1hp electric motor, 614025 style.

— A vacuum receiving tank with integral filtering pump type 2” Krogh actuated by three phase US 3 hp electric motor serial H202-A04-M.

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— A “Victor-Acme” air blower actuated by a three phase US 1 hp electric motor serial H195-Z07-M.

— A “Nash” vacuum pump, model 703 actuated by a three phase US 50 hp electric motor serial 9104929-229-G1610309-S.

— Side discharge bin and 18” 8meter long conveyor belt with a 2 hp electric motor N° 3N834A.

55. A portable type drying module built from structural steel including the following equipment:

— Horizontal rotary drier built from 24” diameter and 2’ long steel pipe, actuated by an “ELECTRA” motor reducer 3 hp electric motor, serial 104606-1.

— 18” wide conveyor belt and 24’ long actuated by DAYTON 2 hp motor reducer.

— 8” and 4 meters long screw conveyor actuated by General Electric 1 hp, 1750 rpm motor reducer.

— Diesel burner actuated by Siemens electric motor 3 hp serial A95T0014-466.

— Electric control board for Siemens electric motors.

56. Five Wilfley concentrating tables 6’ wide by 13’ long in average, each actuated by 5 hp Siemens electric motor at 1750 rpm.

57. SRL Denver slurry pump 2 1⁄2” X 2”, actuated by 5 hp, 1750 rpm electric motor.

58. SRL Galigher pump 2 1⁄2” X 2”, actuated by 3 hp, 1750 rpm electric motor.

59. Denver SRL pump 5” X 4”, actuated by US 15 hp 1750 rpm electric motor serial number IDD#E407-208M.

60. 38” K-NELSON equipped with 40 hp BALDOR electric motor serial SERJ930.

61. 12” K-NELSON equipped with 3 hp “POWERBLOCK” electric motor serial SER951399.

62. Mud pump with 5 hp Siemens electric motor serial L921015-887.

63. Crushing module and milling pilot plant built on structural steel chassis, on axle and two 900-200 size tires including the following equipment:

— 4” X 6” jaw crusher with three phase 5 hp Siemens electric motor with 184T frame, serial K917664-74.

— Bucket elevator on 6” wide by 8’6” long distance between pulleys actuated by General Electric motor reducer 1 hp, model 7GK229CNIKA and reduction ratio 7.46:1.

— Mineral fines receiving bin, 1 ton capacity.

— Screw type mill mineral feeder 4” diameter and 22” long, actuated by variable speed transmission through reducer and single phase Siemens electric 0.25 hp electric motor at 2750 rpm, serial E93.

— 2.5’ X 1.5’ ball mill actuated by three phase 5 hp electric motor, 5 hp, 865 rpm, frame 254T, serial L93T00343.

— 9” wide spiral classifier by 5’ in length actuated by US three phase electric, 1 hp motor reducer on a reduction ratio of 40:1, serial F8082-01-254 with sprockets and chain to keep shaft at a speed of 24 rpm.

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— Wilfley type gravity concentration table 3’ X 6’ actuated by three phase “FORLEC” electric motor 0.75 hp, 1750 rpm, serial 001.

— Disc type reactivator with four compartments actuated by a RISGA reducer model 509, serial 917958 and single phase 0.25 hp KOBLENZ electric motor, model CGP144 at 1750 rpm without serial number.

— Four cell Denver flotation bench type Sub-A N° 8 with 2 Cu. Ft. effective volume, actuated by two three phase electric motors series A94T001492 and L93T001440, 3 hp each, Siemens manufacture, 1725 rpm, frame 182 . The cleaning cell includes foam sweeping pallets actuated by reducer and 0.5 hp single phase electric motor. These are covered.

64. Classifying and flotation module of pilot plant built upon chassis of structural steel on one axle with two 1100 R22 tires including the following equipment:

— Two 9” spiral classifiers by 6’ in length actuated by two three phase electric motor reducers, US 1 hp, serial XA853-04, frame 145T, Dayton manufacture, serial E47479, frame G56C, sprockets and chain to keep shaft speed at 18 rpm.

— Agitating-conditioner tank 2’ diameter and 3’ high, actuated by 1hpthree phase electric motor, Siemens manufacture, at 1720 rpm, serial H93TO11-366, frame 143T.

— Disc type reactivator with four compartments actuated by KOBLENZ 0.25 hp single phase electric motor, serial 06-96-492, model CGP144, frame 56, and 1720 rpm.

— Four cell Denver type bench type Sub-A N° 8, effective volume 2 Cu. Ft per cell, actuated by two Siemens 3 hp three phase electric motors, RGZ type, 182T frame, serials A95T0014-451 and YA94T0014-12.

65. Siemens starter type ATP.11-1-16, serial L99-111-16-35, C. P. -100, C.P.S. -60 volts 440 volts.

66. Siemens starter type ATP-11-1-14, serial E99 111-14-66, C.P. 75 C. P. S. 60 volts 440.

67. 5 hp pilot plant starters N° A 40BG0C Cuttler Hammer manufacture.

68. 60 volts 440 large plant starter Siemens manufacture type ATP-11-3-2, serial MO1-113-2-3 C.P.S.

69. Motor starting autotransformers 200 hp, Part N° 29203 C.20 Hz. 60 volts 440/480 52911.071-76 F. V.

70. Siemens starter type ATP11-1-12, serial A96R-107-31 C.P. 60 volts 440.

71. Siemens small mill type 11-1-3, serial G94007.1 C.P. 100 C. P. S. 60 volts-440.

72. Cuttler Hammer secondary crusher serial A-40050C-E, C.P. 50 C.P.S. 60 volts-440.

73. Allen Bradley Cone crusher, max. rating 200V-230V-460-575V, P.P.H.3.5. Pole-40- HP-50 HP Autotransformer EX 141573 Type-NE C. P. S. 60-volts-440.

74. Siemens primary crusher type A. T. P., serial M96 R111-15 C.P. 100, C.P. S. 60 volts-440.

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75. Federal Pacific column transformer, catalog T4T75-1, 75KVA 50 C, RISE IMP, 5.20 per cent high voltage 480 (H) Low voltage 208 Y/120 (X), weight 515lbs, 60 HZ3 phase, 220 C insulation system FH4G ambient temp 40 C.

76. High efficiency Hostile Duty mud pump 3 inch admission and 4 inch exit, 15 hp, N° 2541-CT.

77. Three cylindrical tanks 95” in diameter and 109” long, an one more 120” long with a total capacity of 38,860 liters, fabricated from 1⁄4” plate.

78.Kenworth truck with Cummins engine for water haulage.

79. International flat bed truck, double rear axle, 20 ton capacity.

80. Dodge 3500 type truck 3 ton capacity.

81. Nissan wood stake bed model 2003.

82. 25 ton Euclid capacity truck with 350 Cummins engine.

83. 20 ton Euclid capacity truck.

84. Michigan-Clark 275B, serial 474B-33 articulated front end loader.

85. 977L serial 11K6109 Caterpillar front end loader.

86. Ford 755 model 755 serial C704113 rear type hoe shovel.

87. 988-A, serial 8084 Caterpillar from end loader.

88. Low-boy 60 ton capacity model 1996S serial AZ200033.

89. 2 axle 3 ton trailer model CB7016MR60T.

90. Spiral classifier, 21” long, 34” wide, equipped with 5 hp electric motor, N° H203-105-M and 3.52 hp reducer N°. K83M0009.

91. Spiral classifier, 21” long, 34” wide, equipped with 5 hp electric motor, N° H203-108-M and 3.52 hp reducer N°. K81MQ0009.

92. Trailer mounted tauna including transmission and stone hammer mechanism with Siemens 3 hp electric motor N° 182-4YK60.

93. Double axle dolly for mobile equipment transport such as crushers, cells, mill, etc.)

94. Michigan Clark front end loader without motor (broken down) 3YD3.

95. Espairol testing gravity equipment base mounted.

96. BMS-3 300 N° 136264 serial 9953 Electric welder.

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97. Miller Diesel welder with Perkins 4 cylinder engine 44/220.

98. Wagner Scoop Tram ST-8 serial 27873.

99. Wagner Scoop Tram ST-8 serial 30477.

100. Two Jarvis Clark Scoop Trams model 800, not operating, used as spares.

101. CAT model 983 front end loader serial 38K00466A.

102. CAT D8H-46H serial 20250.

103. CAT 16G serial 49G563 grader.

104. Gardner-Denver 600 CFM compressor with 350 Cummins engine.

105. Chicago Pneumatic 900 CF; compressor with Detroit-Diesel engine.

106. Dodge dump truck model 1982 with Cummins engine.

107. Garner-Denver pneumatic jumbo no serial, Deutz 6 cylinder engine, two booms with PTR-55 drills.

108. Detroit-Diesel 3-53 Power plant20 KVA.

109. Rock separating grill with bottom bin and exit mechanism, fabricated from steel plate on steel pipes.

110. Gardner-Denver one boom jumbo with S-93 pneumatic drill.

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NOTARY RATIFICATION

IN THE CITY OF CHIHUAHUA, STATE OF CHIHUAHUA, ON THE EIGHTH DAY OF THE MONTH OF JULY TWO THOUSAND AND NINE, BEFORE ME, ELSA ORDÓÑEZ ORDÓÑEZ, ATTORNEY, AND APPLICANT TO THE OFFICE OF NOTARY PUBLIC, ASCRIBED TO NOTARY PUBLIC NUMBER TWENTY EIGHT OF THIS MORELOS JUDICIAL DISTRICT, AND ACTING AS PUBLIC NOTARY BY LICENSE OF THE OFFICE TITLE HOLDER MR. FELIPE COLOMO CASTRO, ATTORNEY, THERE APPEARED BEFORE ME MR. RAMIRO TREVIZO GONZÁLEZ IN HIS PERSONALITY AS GENERAL PROXY OF CORPORACIÓN AMERMIN, STOCK COMPANY WITH VARYING AMOUNT OF CAPITAL, AND ALSO GENERAL PROXY OF MR. RAMIRO TREVIZO LEDEZMA----------------------------------------------------------------------------

ON THE OTHER HAND, MR. CONRADO ACUÑA ARANDA ALSO APPEARED BEFORE ME IN HIS PERSONALITY AS GENERAL PROXY OF MR. EMILIO ACUÑA PERALTA---------------------------------------------------------------------------------

BOTH APPEARING PARTIES STATED THAT THE PURPOSE OF THEIR APPEARANCE IS TO ACKNOWLEDGE THEIR SIGNATURES AT THE BOTTOM OF THE AFORE MENTIONED GRATUITOUS TRANSFER CONTRACT DATED ON THE 1ST JULY 2009 AS WRITTEN IN THEIR OWN HANDWRITING AND, AS WELL, TO RATIFY THE CONTENTS OF SAME--------------------------------------------

PERSONALITY

IN ORDER TO ACCREDIT THE LEGAL EXISTENCE OF CORPORACIÓN AMERMIN, STOCK COMPANY WITH VARYING AMOUNT OF CAPITAL AND HIS PERSONALITY AS GENERAL PROXY OF SAME, MR. RAMIRO TREVIZO GONZÁLEZ EXHIBITS BEFORE AND I GIVE FAITH TO HAVE BEFORE ME THE INSTRUMENTS RELATED FOLLOWING----------------------------

a) Certified copy of the first testimony of public writ number 9,311 (nine thousand three hundred and eleven) granted in this city of Chihuahua, state of Chihuahua on the ninth of august nineteen hundred and ninety five before testimony of Mr. José R. Miller Hermosillo, Public Notary number two of this Morelos Judicial District, and document 

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which is inscribed under electronic mercantile folio number 21164*10 (two, one, one, six, four, asterisk, one, zero) of the Public Registry of Property and of Commerce of this Morelos Judicial District by which through prior permit of the Secretary of Foreign Affairs number 08000365 (zero, eight, zero, zero, zero, three, six. five), file number 9508000359 (nine, five, zero, eight, zero, zero, zero, three, five, nine), folio number 609 (six, zero, nine), issued in this city of Chihuahua and dated on the fourteenth June nineteen hundred and ninety five, Corporación Amermin, Sociedad Anónima de Capital Variable was established. Of said document I transcribe the following clauses-------------

FIRST: The appearing parties constitute a Mercantile Society named “Corporación Amermin”, followed by the words “Sociedad Anónima de Capital Variable” (Stock Company with Varying Amount of Capital) or of its abbreviations S. A. de C. V. --------

SECOND: The Society will have as its object: I. The purchase, sale, acquisition by any concept, alienation, trade, import and export of all kinds of implements and articles related with the mining and metallurgical industries, with Civil Engineering and with construction in general. The Society will be in the capacity to carry out all acts conductive to the accomplishment of this object and, in an enunciatively manner, but not limiting, will be able to: establish and run branch offices and agencies in any locality of the Mexican Republic or abroad; establish, lease and buy, and in general negotiate in any manner with mobile goods and real estate necessary for the compliance of its social activities; alienate, lease, transfer, mortgage and burden in any manner any good acquired or exploited by the Society; acquire, lease and take on lease and administer transportation equipment necessary for the distribution and commerce of the products object of the Society within the country and abroad; acquire all kinds of national and foreign establishments including their shares or social portions, goods and rights; acquire exploration and exploitation mining concessions or their contractual rights for exploration and exploitation of any kind of minerals as well as to alienate, burden or in any other manner make use of such concessions and rights; acquire, install, project, purchase, sell, give and take on lease, operate ore dressing plants and all types of appliances, equipment, accessories and materials related with its social object; exploit earth dumps, tailings, drosses, and slags and all kinds of minerals and substances derived thereof; offer technical services as well as legal and consultancies and also administrative services related to its object; obtain and exploit trade names, patents, 

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brand names and represent national and foreign enterprises; carry out operations with all kinds of titles of credit, give and accept loans with or without collateral and carry out all kinds of mercantile or civil activities necessary or required in order to accomplish the society’s objects. ------------------------------------------------------------------------------------

THIRD: The Society’s duration will be ninety nine years as of the date of its constitution. ------------------------------------------------------------------------------------------

FOURTH: The Society’s address will be in the city of Chihuahua, Chihuahua and which will no be understood as changed by the election of other conventional addresses nor by the setting up of Representations, Agencies or Branch Offices pertaining to the Society out of the city of Chihuahua. -------------------------------------------------------------

FIFTH: The Society is and will be Mexican with a clause of admission of foreigners. The Founding Partners and those that in the future enter into the Society per the sole act of becoming partners agree with the Mexican Government before the Secretary of Foreign Affairs, that the current foreign partners as well as those in the future of any Society in question, formally commit themselves with the Secretary of Foreign Affairs to consider themselves as Mexican regarding the shares they acquire from Mexican societies or of which they hold title of as well as of the goods, rights, concessions, participations or interests of which such Societies hold title before Mexican Authorities and not to invoke per such a reason the protection of their Governments under the penalty that if doing so, of losing in favor of the Nation the Social Portions they may have acquired. ----------------------------------------------------------------------------------------

SIXTH: The Social Capital is of Varying Amount with a minimum of $50,000.00 (Fifty thousand new Pesos 00/100 Mexican Currency), and an unlimited amount. Above the minimum limit the Capital will be of Varying Amount, increasing or decreasing per agreement by the Ordinary Assemblies or the Administration Board as per the rules set in the Statutes. The amounts of the Minimum Capital and, be it the case, those of the Varying Amount, will be represented by Nominal Shares of N$1,000.00 (One thousand new Pesos 00/100 Mexican Currency) each. ----------------------------------------------------

TRANSITORY: In this act, being constituted in the First Shareholders General Assembly, the appearing parties undertake the following determinations: I. As Sole 

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Administrator Mr. RAMIRO TREVIZO LEDEZMA is nominated. Of the Society’s statutes I transcribe pertainingly the following: -------------------------------------------------

CHAPTER III: OF THE ADMINISTRATION OF THE SOCIETY: EIGHTH ARTICLE: The Society will be administered and directed by a Sole Administrator who will remain in his charge per an unlimited lapse of time and who in any case will remain in his charge until the person who will be in his stead takes over per agreement of the Shareholders General Assembly. Society’s Managers can also be named who will remain in office per an unlimited lapse of time and who, in any case, will hold office until the persons that should take over take their stead unless their nomination is revoked, in which case they will cease their charges immediately. The Managers’ faculties that are named will be determined by the Shareholders Assemblies agreeing on their nomination--------------------------------------------------------------------------------------

NINTH ARTICLE: THE SOLE ADMINISTRATOR: Will have the legal representation of the Society and, consequently, will be invested with the following faculties and obligations---------------------------------------------------------------------------------------------

a) Will manage the businesses and social goods with the widest berth of General Empowerment under the terms of the second paragraph of article 2453 (two thousand four hundred and fifty three) of the current Civil Code for the State of Chihuahua, as well as by it related article 2554 (two thousand five hundred and fifty four), second paragraph of the Civil Code for the Federal District--------------------------------------------

b) Will be conferred with a General Power for Litigation and Collection and Acts of Administration with expressed faculties to subscribe titles of credit under the terms of the 9th article of the General Law of Titles and Credit Operations under the terms of article 2453 (two thousand four hundred and fifty three) of the current Civil Code for the State of Chihuahua and its related article number 2554 (two thousand five hundred and fifty four) of the Civil Code for the Federal District that reads as follows--------------

ARTICLE 2453: In the General Mandate for Litigation and Collection it will suffice to set down that it is granted with all general faculties and those special requiring special clause per Law, in order that they may be understood as conferred without any limitation. In the General Mandate for the administration of goods it will suffice to 

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express that it is conferred in such a wise in order for the mandatory be able to exercise all administrative faculties. In the General mandate to exercise Acts of Dominion, it will suffice to express that they are granted in such a character in order for the mandatory to exercise all faculties as owner in relation to goods as well as to exercise all actions required to protect them. In cases of gratuitous the express authority of the mandatory is obligatory. When a limitation in faculties of the mandatories is exercised in the three cases before mentioned, these limitations will be consigned or the mandate will be special. Notary Public will insert this article in the instruments of mandate that are granted-------------------------------------------------------------------------------------------------

c) He will represent the Society before any Authority be it Administrative, Municipal, Judicial, before Arbiters and Labor Authorities with General Power for Litigation and Collection with all General faculties and even those Special requiring special clause per Law under the terms of the first paragraph of the mentioned articles, including, among other faculties, those of desisting of Proceedings of Relief, formulate manifestations and declarations under protest including in customs and fiscal cases, formulate denouncements and complaints and to desist of them, grant pardon, settle, commit in arbitration and articulate and absolve positions, carry out transfers of goods, state positions in foreclosures, receive payments and intervene in labor matters or labor proceedings with the faculties already mentioned  and acting before such Authorities by Proxy, and to grant General Empowerments for Litigation and Collection with all the General faculties and those Special requiring Special Clause per Law or Special Powers, and to freely revoke one or the others.  He will represent the Society before the Mexican Institute of Social Security, Federal Consumers Agency, and the National Institute or Workers Household Fund, before the Board in charge of capacitating and training of personnel, before the Secretary of the Treasury and Public Credit and its dependencies, before the General Treasury of the State and its dependencies and any other Government Entity as well as State owned-------------------------------------------------------

d) Grant and subscribe titles of credit and obligations charged to the Society---------------

e) Render mobile and Real Estate goods belonging to the Society to other companies and subscribe shares or take into participation or portions of interest in other companies.

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f) Grant the General Powers or those Special he deems necessary and revoke them-------

g) In general, he will be in charge of carrying out those acts and operations necessary or convenient for the consecution of the Society’s Object, excepting those expressly reserved by Law or in the Statutes to the Shareholders General Assembly. He will bear the social signature as Sole Administrator in those spheres of his attributions that might have been assigned to him--------------------------------------------------------------------------

CHAPTER V. SHAREHOLDERS GENERAL ASSEMBLIES. THIRTEENTH ARTICLE: The General Shareholders General Assembly of the Supreme Organ of the Society. The Ordinary Assembly will convene at least once a year, within the following four months the closure of the Social Exercise and at the Society’s address. The Extraordinary Assembly will convene at the same place when judged convenient by the Sole Administrator or the Commissar or is requested by the Shareholders representing at least 33 % (thirty three per cent) of the Social Capital and stating in writing the matters that will be discussed in the Assembly--------------------------------------------------

b) First Testimony of Public Writ number 20,020 (twenty thousand and twenty), granted in this city of Chihuahua, State of Chihuahua, on the fifth day of the month of September of the year Two thousand and seven before testimony of Mr. Eugenio Fernando García Russek, Attorney, ascribed to this Public Notary in my charge and acting as Public Notary per license of its Title Holder Mr. Felipe Colomo Castro, document which is inscribed under Electronic Mercantile Folio number 21164*10 (two, one, one, six, four, asterisk, one, zero) of the Public Registry of Property and Commerce of this Morelos Judicial District and by which there appeared Mr. Álvaro Alejandro González Aragón in his character as Special Delegate of the Extraordinary and Ordinary Shareholders Assembly of CORPORACIÓN AMERMIN, S. A. DE C.V., STOCK COMPANY WITH VARYING AMOUNT OF CAPITAL, and celebrated in this city on the tenth of August two thousand and seven in order to request the inscription by protocol of the act of the mentioned assemblies, and testimony which I insert in matters related to some of the clauses----------------------------------------------------------------------

CLAUSES. SECOND: The appearing party formalizes the First and Second Resolutions of the Society’s Charter which are included following-----------------------------------------

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RESOLUTIONS. FIRST: It has been agreed to modify the Sixth Clause of the Society’s Charter, identified by numeral 9,311 and granted on the 9th August 1995 before testimony of Mr. José R. Miller Hermosillo, Attorney and Notary Public number 2 of the Morelos Judicial District, State of Chihuahua, instrument that is duly inscribed in the Public Registry of Commerce of said district under electronic mercantile folio number 21164*10 with the purpose of it reading and in effect as of this date in the following manner------------------------------------------------------------------------------------

SIXTH: The Social Capital is of a Varying Amount the minimum remaining without right of withdrawal  and fixed at an amount of $50,000.00 (Fifty thousand Pesos 00/100 Mexican Currency) and the maximum unlimited. Above the mentioned minimum limit, the Stock will be of a Varying Amount in the possibility of it being increased or decreased per agreement of the Shareholders Ordinary Assembly or of the Administration Board as per the rules set in in the applicable Social Statutes. The amounts of minimum capital, and in its case, of the Varying amount, will be represented by ordinary nominal shares of the Series “A” and “B” respectively with a nominal value of $5.00 (Five Pesos 00/100 Mexican Currency), each. The Social Capital has been paid in full and subscribed on the date of subscription of the Society------------------------------

SECOND: Derived from the previous resolutions, it was approved that the share structure of the Society be fixed, as of this same date for all legal effects that may arise, in the following manner-----------------------------------------------------------------------------

				
	Shareholders

	Shares

Minimum Capital

	Value

	%

	 
	“A” Series - Fixed

	 
	 

	Ramiro Trevizo Ledezma

RFC 

TELR-560904-R47

	

5,000

	$25,000.00 Mx. Cy.

	50 %

	Ramiro Trevizo González

RFC

TEGR-790716-IM2

	

5000

	$25,000.00 Mx. Cy

	50 %

	TOTAL

	10,000

	$50,000.00 Mx. Cy

	100 %

THIRD: The appearing party formalizes the Fifth, Sixth and Seventh Resolutions of said Assembly by means of which was approved the alienation by means of subscription 

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of sales-purchase contract of nine thousand ninety nine shares representing the social capital of CORPORACIÓN AMERMIN, S.A DE C.V, in favor of TARA GOLD RESOURCES CORP., which are inserted following-------------------------------------------

FIFTH: It is expressly approved, with the full consent of Mr. Ramiro Trevizo Ledezma, that the 5,000 (five thousand) ordinary nominal shares, identified by numerals series 1 to 5,000 and belonging to the “A” series, with a value of  $5.00 (Five Pesos 00/100 Mexican Currency ( each and representative of the fixed portion of the social capital of the Society, property of Ramiro Trevizo González, be alienated through the subscription of the respective sales-purchase contract of shares in favor of Tara Gold Resources Corp----------------------------------------------------------------------------------------------------

SIXTH: It is expressly approved with the full consent of Mr. Ramiro Trevizo González that 4,999 (four thousand nine hundred and ninety) of the 5,000 (five thousand) ordinary nominal shares, identified with numeral 5,001 to 10,000, belonging to the “A” Series with a nominal value of $5.00 (Five Pesos 00/100 Mexican Currency), each and representative of the fixed portion of the social capital of the Society, property of Ramiro Trevizo Ledezma be alienated through the subscription of the respective sales-purchase contract of shares in favor of Tara Gold Resources Corp.--------------------------

SEVENTH: Derived from the sales-purchase operations described, it is approved that the share structure of the Society be fixed in the following manner once the sales-purchase contracts of required shares are subscribed-------------------------------------------

				
	Shareholders

	Shares

Minimum Capital

	Value

	%

	 
	“A” Series - Fixed

	 
	 

	Tara Gold Resources

	9,999

	$49,995 Mx. Cy.

	99.99 %

	Ramiro Trevizo Ledezma

RFC

TELR-560904-R47

	

1

	$5.00 Mx. Cy

	0.01 %

	TOTAL

	10,000

	$50,000.00 Mx. Cy

	100 %

c) First Testimony of Public Writ number 22,503 (twenty two thousand five hundred and three), granted in this city of Chihuahua, State of Chihuahua on the 12th June 2008 

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before undersigned in my character as Ascribed to Public Notary to my charge and acting as Notary Public per license of its Title Holder, Mr. Felipe Colomo Castro, document that is inscribed under Electronic Mercantile Folio number 21164*10 (two, one, one, six, four, asterisk, one, zero) of the Public Registry of Property and of Commerce of this Morelos Judicial District, by means of which there appeared Mr. Álvaro Alejandro González Aragón in his personality as Special Delegate of the Shareholders Ordinary General Assembly of CORPORACIÓN AMERMIN, S.A. DE C.V., celebrated in this city on the 30th April 2008 requesting the protocol inscription of the act of the mentioned Assembly, whose Second Clause I insert following---------------

SECOND CLAUSE: The appearing party formalizes the Tenth Resolution of the mentioned act and corresponding to the Shareholders Yearly General Assembly by virtue of which it was resolved to grant different powers in favor of Mr. RAMIRO TREVIZO GONZÁLEZ, and resolution that is inserted following---------------------------

TENTH RESOLUTION: It is granted in favor of Mr. Ramiro Trevizo González a wide berth General Power for Acts of Dominion, as well as a Special Power in Currency Exchange matters in agreement to the Ninth Article of the applicable and current Social Statutes of the Society, and same that are given in detail following--------------------------

1. Wide Berth General Mandate for Acts of Dominion as indicated in the third paragraph of Article Two Thousand Four Hundred and Fifty Three of the Civil Code for the Free and Sovereign State of Chihuahua and of Article Two Thousand Five Hundred and Fifty Four of the Federal Civil Code as well as of its complementary of the current and applicable Civil Codes of the United States of Mexico, and enjoying all faculties of owner including, in an enunciatively manner but not limiting, of celebrating all kinds of agreements and contracts; execute any act even if it implies dispositions or burdens of mobile goods and real estate, as well as to grant all types of certainties regarding same, and; 2. Special Power in Currency Exchange matters under the terms of the Ninth and Eighty Fifth articles of the General Law of Titles and Credit Operations and reason by which he is able to, in an enunciatively manner but not limited, open, operate and cancel bank accounts in the name of the Society as well as to issue, subscribe, endorse, guarantee, discount and protest all kinds of titles of credit be these in the Society’s name or in representation of third parties. ---------------------------------------------------------------

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In order to accredit his personality as General Proxy of Mr. Ramiro Trevizo Ledezma, Mr. Ramiro Trevizo González exhibits before me and I so give faith of the instrument related following-------------------------------------------------------------------------------------

First testimony of Public Writ number 23,617 (twenty three thousand six hundred and seventeen) granted in this city of Chihuahua, State of Chihuahua, dated on the 25th April 2009 before me, the undersigned in my personality as Ascribed to this Public Notary in my charge, by means of which appeared Mr. RAMIRO TREVIZO LEDEZMA in order to grant in favor of Mr. RAMIRO TREVIZO GONZÁLEZ a Widest Berth General Power for Litigation and Collection with the faculties that in an enunciatively but not limiting manner are described following: a) The broadest sense General Power for Litigation and Collection contemplated in the first paragraph of article 2453 of the Civil Code for the Free and Sovereign State of Chihuahua and in agreement with the first paragraph of article 2454 of the Federal Civil Code, as well as their related ones of the applicable and current Civil Codes of the United States of Mexico, enjoying all general faculties and even those special required by Law including those of interposing and desisting of privileged law suits, to settle and commits himself in arbitration, articulate and absolve positions, present suits of law, claims and conflicts, to ratify them and desist from them, grant pardon in those cases meriting them and aid with the Public Ministry (General Attorney), and carrying out this present mandate before any state, municipal or federal authority be those judicial, administrative or labor as well as enjoying conciliatory faculties in labor matters, including those to celebrate agreements and transactions and any other faculty comprised under this concept of representation  for litigation and collection. b) WIDEST BERTH GENERAL POWER FOR ACTS OF ADMINISTRATION, with the wide berth referred to in the second paragraph of article 2453 of the Civil Code for the Free and Sovereign State of Chihuahua and agreeing with the second paragraph of article 2554 of the Federal Civil Code as well as the related applicable and current Civil Codes in the United States of Mexico, enjoying all general faculties and even those requiring special clause and those required to carry out all operations, acts and contracts necessary, including faculties to open and cancel bank accounts in the name of the company, make deposit and draw from them and authorize persons to draw from same c) WIDEST BERTH GENERAL POWER FOR ACTS OF DOMINION, with the wide berth referred to  in the third paragraph of article 2453 of the Civil Code of the Free and Sovereign State of Chihuahua and agreeing with the third 

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paragraph of article 2554 of the Federal Civil Code as well as the related ones of the applicable and currents Civil Codes for the rest of the Mexican Republic, enjoying all faculties of owner regarding the mobile and real estate goods  property of the company in their real and personal rights in order to exercise acts of gratuitous dominion; he is also empowered to lien, mortgage, deliver in trust and or payment as well as to carry out any judicial act on such goods under the title of owner, as well as to carry all out all kinds of negotiations in order to defend them. d) WIDEST BERTH GENERAL POWER, with all the general faculties and those special requiring special clause to grant, subscribe, accept, protest, issue, draw, endorse and countersign all kinds of title of credit under the terms of the ninth article of the General Law of Titles and Credit Operations. e) WIDEST BERTH GENERAL POWER FOR ACTS OF ADMININSTRATION IN LABOR MATTERS, with all general faculties and even those special required per Law, authorizing the proxy to appear before all labor authorities referred to in article 523 of the Federal law of Labor and, in such a character, is authorized t exercise the faculties that in an enunciatively but not limit manner are indicated following: I.- Appear in name of and representing the company before any labor authority, National Institute of Workers Household Fund and the Mexican Institute of Social Security under the terms of articles eleven, six hundred and ninety two, second fraction, eight hundred and seventy six, eight hundred and eighty and others related with the General Law of Labor. II. Carry out Acts of Administration in Labor Matters, give working orders to laborers depending from the company with faculties to cancel individual labor contracts. III. Be present during Conciliatory, Suit and Exception stages during labor procedures under the terms of the dispositions of article 876 and 878 of the Federal Law of Labor. IV. Appear as legal representative of the company before the Conciliation Meetings, and Arbitration and Conciliation both local as federal as well as before any labor authority mentioned in article 523 of the Federal Law of Labor. V. Appear as legal representative before the Federal Consumers Board. f).-  WIDEST BERTH POWER with all of the general faculties and even those special even those requiring special clause per Law, in order that he carry out in name and representation of the company all kinds of paper work before the Secretary of the Treasury and Public Credit, the Income Tax Administration Service, the Mexican Institute of Social Security, the National Institute of Workers Household Fund, the Consumers Federal Board, the Secretary of the Economy, the Secretary of Finance and Administration of the Government of the State of Chihuahua, the Municipality’s 

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Treasury, and likewise to sign receipt, make payments, obtain receipts and vouchers. g) POWER will al faculties to delegate or substitute this present power, in whole or part; likewise to revoke powers granted likewise to revoke the powers granted be in total or partially, and kept during the whole of its exercise in case of delegating it------------------

In order to accredit his personality as General Proxy of Mr. Emilio Acuña Peralta, Mr. Conrado Acuña Aranda exhibits before me and I so give faith of the instrument related following-------------------------------------------------------------------------------------

First testimony of Public Writ number 25,243 dated on the 18th February 2008 granted by David Martín Magaña Monreal, Public Notary number sixteen of the city of Hermosillo f which I include ordinary copy to this present act as numeral “1” ONE-----

Messres. Ramiro Trevizo González and Conrado Acuña Aranda, the former one remaining in his capacity and both indicating that their representation with which they appear has not been revoked, limited or terminated in any manner whatsoever-------------

I, THE UNDERSIGNED SO GIVE FAITH AND CERTIFY

A) That the appearing parties to my judgment enjoys the necessary legal capacity to commits himself and contract per his general data under oath of stating the truth and with the forewarnings of law to be a Mexican citizen. -----------------------------------------

Mr. RAMIRO TREVIZO GONZÁLEZ is a native of the city of Hobbs, State of New Mexico, United States of America, where he was born on the 16th July 1979, an administrator, bachelor and his address to be Calle California number 5,101 (Five thousand one hundred and one), Suite 206 (Two hundred and six), Colonia Haciendas de Santa Fe of this city and he identifies himself with voting card folio number 0608062204366 (zero, six, zero, eight, zero, six, two, two, zero, four, three, six, six), with address at Calle Oregon number 2432 (two thousand four hundred and thirty two), Fraccionamiento Quintas del Sol of this city. Likewise, Mr. Ramiro Trevizo González states that the general data of the person he represents are the following: Ramiro Trevizo Ledezma, Mexican citizen, native of Colonia Pacheco, State of Chihuahua, where he was born on the 4th September 1956, a miner, with Federal Taxpayers Registry 

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number TELR-560904, bachelor and his address to be at Calle Ignacio Allende number 104, suite 103, Col. Centro of this city-----------------------------------------------------------

Mr. Conrado Acuña Aranda is a native of this city, married, and his address at Av. Independencia number 3010 (three thousand and ten) of Col. San Rosa of this city, entrepreneur and born on 14th January 1974 and identifies himself with voting card number 050359200389. Likewise, Mr. Conrado Acuña Aranda states that the general data of the person he represents are the following: Emilio Acuña Peralta, native of Cumpas, State of Sonora where he was born on the 19th October 1959, a Civil Engineer and married under the bond of separation of goods, and his address to be at Calle Privada Connecticut number 1805 (one thousand eight hundred and five) of Fraccionamiento Residencial  Campestre of this city-------------------------------------------

B) That this present act is granted out of Protocol under the terms of article 49 (forty nine), fraction II, of the Law of the Notary Public of the State of Chihuahua. --------------

C) That the before written having been read by the appearing party and I explaining to him the value and legal consequences and he being in agreement with its text and content, ratifies it and signs before me. ----------------------------------------------------------

Signature

Signature

RAMIRO TREVIZO GONZÁLEZ

CONRADO ACUÑA ARANDA

I authorize this present act and take knowledge of it in Volume 14 of the Book of Registrations of Acts out of Protocol of the Notary office in my charge under numeral 14,492 (fourteen thousand four hundred and ninety two)

Chihuahua, Chihuahua on the 8th July of the year 2009

ASCRIBED TO NOTARY PUBLIC NUMBER TWENTY EIGHT

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ELSA ORDÓÑEZ ORDÓÑEZ

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DAVID MARTÍN MAGAÑA MONREAL

PUBLIC NOTARY NUMBER 16

VOLUME TWO HUNDRED AND FIFTY SEVEN

INSTRUMENT NUMNER TWENTY FIVE THOUSAND TWO HUNDRED AND FORTY THREE: 25,243.

At Hermosillo, Sonora, Mexico, on the 18th February 2008, before me, DAVID MARTÍN MAGAÑA MONREAL, PUBLIC NOTARY NUMBER 16 in exercise in this residence and demarcation, there appeared and stated------------------------------------------

Mr. EMILIO ACUÑA PERALTA, Mexican citizen, of age, married under the bond of separation of goods, miner and his address at Priv. de Connecticut number 1805 of the city of Chihuahua, Chihuahua. Born on the 17th October 1950 in Cumpas, Sonora. With Federal Taxpayers Registry number AUPE-501019-NQ0; who I know personally and with legal capacity to contract and commit himself of which I attest; and having been warned under the terms of the Penal Code of the State of Sonora of the penalties incurred in by those who state falsely before a Public Notary and under formal oath of saying the truth, SAID-------------------------------------------------------------------------------

That he assists to grant and grants in favor of Mr. CONRADO ACUÑA ARANDA the following powers-------------------------------------------------------------------------------------

WIDEST BERTH GENERAL POWER FOR LITIGATION AND COLLECTION, FOR ACTS OF ADMINISTRATION AND ACTS OF DOMINION, with all general faculties and those special requiring a special clause per Law and without limitation at all under the terms of article 2831 of the Civil Code for the State of Sonora, with all the special faculties enumerated in article 2868 of the same ordinance and in agreement with its related ones, articles 2554 and 2587 of the Civil Code for the Federal District and those in conformity belonging to the Civil Codes of the rest of the States of the Mexican Republic------------------------------------------------------------------------------------

29

To present complaints of all kinds, ratify them and demand payment in reparation of damages, to promote privileged suits of law and to desist from complaints, of the privileged suits of law and of its incidents; to grant pardon when convenient; to articulate and absolve positions; to promote auctions, bid and raise offers, request the award of goods and carry out any act in any suit of law or procedure------------------------

To function with the personality, faculties and obligations indicated in article 11 of the Federal Law of Labor and for all purposes indicated in articles 692, 713, 876 and related ones of the same Law and thus names him Administrations Manager------------------------

To subscribe and endorse titles of credit with any character or situation under the terms of article NINE of the General Law of Titles and Credit Operations; to celebrate contracts, civil and mercantile operations of any kind and type-------------------------------

Regarding payment of income tax, having been warned incurred in by those who declare falsely and under formal protest of stating the truth, the appearing party stated to be current on such matter, but did not give proof of it------------------------------------------

This Public Writ having been read to the appearing party, I explained to him the worth, reach and legal consequence of its content and being in agreement with its content and terms, he ratified it and signed it before me: I SO GIVE FAITH-----------------------------

Emilio Acuña Peralta – David Martín Magaña Monreal – Signatures – Notary Seal.----------------------------------------------------------------------------------------------------

At Hermosillo, Sonora on the 18th February 2008 and I authorize this present Public Writ. I SO GIVE FAITH-----------------------------------------------------------------

David Martin Magaña Monreal, Attorney, – Signature – Notary Seal------------------

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30

PUBLIC WRIT NUMBER 25,243

Public Notary number 16

TAKEN FROM ITS MATRIX THIS FIRST TESTIMONY IS MADE UP OF TWO USEFUL PAGES ONE CORRESPONDING TO THE REPRODUCTION OF THE INSTRUMENT IN THE PROTOCOL IN MY CHARGE AND OF ITS AUTHORIZATION, AND AN ADDITIONAL PAGE TO ANNEX 1, SAME THAT WERE FAITHFULLY COMPARED WITH THE ORIGINAL, WHICH I ISSUE FOR USE BY THE EMPOWERED SUBJECT AT HERMOSILLO, SONORA, MEXICO ON THE 18TH FEBRUARY 2008. I SO GIVE FAITH.

DAVID MARTÍN MAGAÑA MONREAL

PUBLIC NOTARY NUMBER 16 

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31

PUBLIC WRIT NUMBER 25,243

VOLUME: 257

TRANSCRIPT OF ARTICLE 2831 OF THE CIVIL CODE FOR THE STATE OF SONORA:

ARTICLE 2831: IN ALL GENERAL POWERS FOR LITIGATION AND COLLECTION IT WILL SUFFICE TO STATE THAT THEY ARE GRANTED WITH ALL THE GENERAL FACULTIES AND THOSE SPECIAL REQUIRING A SPECIAL CLAUSE PER LAW THAT THEY MAY BE UNDERSTOOD CONFERRED WITHOUT ANY LIMITATION WHATSOEVER.

IN THE GENERAL POWERS FOR THE ADMINISTRATION OF GOODS, IT WILL SUFFICE TO STATE THAT THEY WILL ENJOY SUCH A CHARACTER IN ORDER FOR THE PROXY BE ENABLED WITH ALL ADMINISTRATIVE FACULTIES.

IN THE GENERAL POWERS TO EXERCISE ACTS OF DOMINION, IT WILL SUFFICE THEY BE GIVEN IN SUCH A CHARACTER IN ORDER FOR THE PROXY BE ENABLED WITH ALL THE FACULTIES OF OWNER, BOTH REGARDING THE GOODS AND IN ORDER TO CARRY OUT ALL KINDS OF EFFORTS TO DEFEND THEM.

WHEN THEY WISH TO BE LIMITED IN THE THREE AFORE MENTIONED CASES, THE FACULTIES OF THE PROXIES WILL BE CONSIGNED WITH SUCH LIMITATIONS OR THE POWERS WILL BE SPECIAL.

PUBLIC NOTARIES WILL INSERT THIS ARTICLE IN THE TESTIMONIES OF THE POWERS THAT ARE GRANTED.

32

THERE FOLLOWS PUBLIC NOTARY LEGEND BY MRS. ELSA ORDÓÑEZ ORDÓÑEZ, ATTORNEY AND ACTING NOTARY PUBLIC ASCRIBED TO PUBLIC NOTARY NUMBER 28 OF THE CITY OF CHIHUAHUA, MADE UP OF TWO PAGES AND ISSUED ON 19TH MARCH 2009 AUTHORIZING AND GIVING FAITH------------------------------------------------------------------------------------

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THERE FOLLOWS PUBLIC NOTARY LEGEND BY MRS. ELSA ORDÓÑEZ ORDÓÑEZ, ATTORNEY AND ACTING NOTARY PUBLIC ASCRIBED TO PUBLIC NOTARY NUMBER 28 OF THE CITY OF CHIHUAHUA, MADE UP OF TWO PAGES AND ISSUED ON 19TH MARCH 2009 AUTHORIZING AND GIVING FAITH------------------------------------------------------------------------------------

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###

33Exhibit 4.3

 

GOVERNMENT PROPERTIES INCOME TRUST

 

TO

 

 

Indenture

 

Dated as of
                        ,
20

 

Senior Debt Securities

 

 

Certain Sections of this Indenture relating
to Sections 310 through 318,

inclusive, of the Trust Indenture Act of 1939:

 

	
  Trust Indenture

  	
   

  	
   

  	
   

  
	
  Act Section

  	
   

  	
   

  	
  Indenture
  Section

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  §

  	
  310(a)(1)

  	
   

  	
   

  	
  609

  
	
   

  	
        (a)(2)

  	
   

  	
   

  	
  609

  
	
   

  	
        (a)(3)

  	
   

  	
   

  	
  Not Applicable

  
	
   

  	
        (a)(4)

  	
   

  	
   

  	
  Not Applicable

  
	
   

  	
        (a)(5)

  	
   

  	
   

  	
  609

  
	
   

  	
        (b)

  	
   

  	
   

  	
  608

  
	
   

  	
        (c)

  	
   

  	
   

  	
  Not Applicable

  
	
  §

  	
  311(a)

  	
   

  	
   

  	
  613

  
	
   

  	
        (b)

  	
   

  	
   

  	
  613

  
	
   

  	
        (c)

  	
   

  	
   

  	
  Not Applicable

  
	
  §

  	
  312(a)

  	
   

  	
   

  	
  701

  
	
   

  	
        (b)

  	
   

  	
   

  	
  702

  
	
   

  	
        (c)

  	
   

  	
   

  	
  702

  
	
  §

  	
  313(a)

  	
   

  	
   

  	
  703

  
	
   

  	
        (b)

  	
   

  	
   

  	
  Article 14, Not Applicable

  
	
   

  	
        (c)

  	
   

  	
   

  	
  703

  
	
   

  	
        (d)

  	
   

  	
   

  	
  703

  
	
  §

  	
  314(a)

  	
   

  	
   

  	
  704

  
	
   

  	
        (b)

  	
   

  	
   

  	
  Article 14, Not Applicable

  
	
   

  	
        (c)

  	
   

  	
   

  	
  102

  
	
   

  	
        (d)

  	
   

  	
   

  	
  Article 14, Not Applicable

  
	
   

  	
        (e)

  	
   

  	
   

  	
  102

  
	
  §

  	
  315(a)

  	
   

  	
   

  	
  601, 603

  
	
   

  	
        (b)

  	
   

  	
   

  	
  602

  
	
   

  	
        (c)

  	
   

  	
   

  	
  601

  
	
   

  	
        (d)

  	
   

  	
   

  	
  601, 603

  
	
   

  	
        (e)

  	
   

  	
   

  	
  514

  
	
  §

  	
  316(a)(1)(A)

  	
   

  	
   

  	
  502

  
	
   

  	
        (a)(1)(B)

  	
   

  	
   

  	
  513

  
	
   

  	
        (a)(2)

  	
   

  	
   

  	
  Not Applicable

  
	
   

  	
        (b)

  	
   

  	
   

  	
  508

  
	
   

  	
        (c)

  	
   

  	
   

  	
  104

  
	
  §

  	
  317(a)(1)

  	
   

  	
   

  	
  503

  
	
   

  	
        (a)(2)

  	
   

  	
   

  	
  504

  
	
   

  	
        (b)

  	
   

  	
   

  	
  1003

  
	
  §

  	
  318

  	
   

  	
   

  	
  107

  

 

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

 

 

TABLE OF CONTENTS

 

	
  ARTICLE ONE  Definitions
  and Other Provisions of General Application

  	
  1

  
	
  Section 101  Definitions

  	
  1

  
	
  Section 102  Compliance Certificates and Opinions

  	
  7

  
	
  Section 103  Form of Documents Delivered to Trustee

  	
  8

  
	
  Section 104  Acts of Holders; Record Dates

  	
  8

  
	
  Section 105  Notices, Etc., to Trustee and Company

  	
  10

  
	
  Section 106  Notice to Holders; Waiver

  	
  10

  
	
  Section 107  Conflict with Trust Indenture Act

  	
  10

  
	
  Section 108  Effect of Headings and Table of Contents

  	
  11

  
	
  Section 109  Successors and Assigns

  	
  11

  
	
  Section 110  Separability Clause

  	
  11

  
	
  Section 111  Benefits of Indenture

  	
  11

  
	
  Section 112  Governing Law

  	
  11

  
	
  Section 113  Legal Holidays

  	
  11

  
	
  Section 114  No Personal Liability

  	
  11

  
	
   

  	
   

  
	
  ARTICLE TWO  Security
  Forms

  	
  12

  
	
  Section 201  Forms Generally

  	
  12

  
	
  Section 202  Form of Face of Security

  	
  12

  
	
  Section 203  Form of Reverse of Security

  	
  14

  
	
  Section 204  Form of Legend for Global Securities

  	
  18

  
	
  Section 205  Form of Trustee’s Certificate of
  Authentication

  	
  18

  
	
   

  	
   

  
	
  ARTICLE THREE  The
  Securities

  	
  18

  
	
  Section 301  Amount Unlimited; Issuable in Series

  	
  18

  
	
  Section 302  Denominations

  	
  21

  
	
  Section 303  Execution, Authentication, Delivery and
  Dating

  	
  21

  
	
  Section 304  Temporary Securities

  	
  22

  
	
  Section 305  Registration, Registration of Transfer and
  Exchange

  	
  23

  
	
  Section 306  Mutilated, Destroyed, Lost and Stolen
  Securities

  	
  24

  
	
  Section 307  Payment of Interest; Interest Rights
  Preserved

  	
  25

  
	
  Section 308  Persons Deemed Owners

  	
  26

  
	
  Section 309  Cancellation

  	
  26

  
	
  Section 310  Computation of Interest

  	
  27

  
	
   

  	
   

  
	
  ARTICLE FOUR  Satisfaction
  and Discharge

  	
  27

  
	
  Section 401  Satisfaction and Discharge of Indenture

  	
  27

  
	
  Section 402  Application of Trust Money

  	
  28

  
	
   

  	
   

  
	
  ARTICLE FIVE  Remedies

  	
  28

  
	
  Section 501  Events of Default

  	
  28

  
	
  Section 502  Acceleration of Maturity; Rescission and
  Annulment

  	
  30

  
	
  Section 503  Collection of Indebtedness and Suits for
  Enforcement by Trustee

  	
  31

  
	
  Section 504  Trustee May File Proofs of Claim

  	
  31

  
	
  Section 505  Trustee May Enforce Claims Without
  Possession of Securities

  	
  32

  

 

i

 

	
  Section 506  Application of Money Collected

  	
  32

  
	
  Section 507  Limitation on Suits

  	
  32

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

  	
  33

  
	
  Section 509  Restoration of Rights and Remedies

  	
  33

  
	
  Section 510  Rights and Remedies Cumulative

  	
  33

  
	
  Section 511  Delay or Omission Not Waiver

  	
  33

  
	
  Section 512  Control by Holders

  	
  34

  
	
  Section 513  Waiver of Past Defaults

  	
  34

  
	
  Section 514  Undertaking for Costs

  	
  34

  
	
  Section 515  Waiver of Usury, Stay or Extension Laws

  	
  34

  
	
   

  	
   

  
	
  ARTICLE SIX  The Trustee

  	
  35

  
	
  Section 601  Certain Duties and Responsibilities

  	
  35

  
	
  Section 602  Notice of Defaults

  	
  35

  
	
  Section 603  Certain Rights of Trustee

  	
  35

  
	
  Section 604  Not Responsible for Recitals or Issuance of
  Securities

  	
  36

  
	
  Section 605  May Hold Securities

  	
  36

  
	
  Section 606  Money Held in Trust

  	
  37

  
	
  Section 607  Compensation and Reimbursement

  	
  37

  
	
  Section 608  Conflicting Interests

  	
  37

  
	
  Section 609  Corporate Trustee Required; Eligibility

  	
  37

  
	
  Section 610  Resignation and Removal; Appointment of
  Successor

  	
  38

  
	
  Section 611  Acceptance of Appointment by Successor

  	
  39

  
	
  Section 612  Merger, Conversion, Consolidation or
  Succession to Business

  	
  40

  
	
  Section 613  Preferential Collection of Claims Against
  Company

  	
  40

  
	
  Section 614  Appointment of Authenticating Agent

  	
  40

  
	
   

  	
   

  
	
  ARTICLE SEVEN  Holders’
  Lists and Reports by Trustee and Company

  	
  42

  
	
  Section 701  Company to Furnish Trustee Names and
  Addresses of Holders

  	
  42

  
	
  Section 702  Preservation of Information; Communications
  to Holders

  	
  42

  
	
  Section 703  Reports by Trustee

  	
  43

  
	
  Section 704  Reports by Company

  	
  43

  
	
   

  	
   

  
	
  ARTICLE EIGHT  Consolidation,
  Merger, Conveyance, Transfer or Lease

  	
  43

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

  	
  43

  
	
  Section 802  Successor Substituted

  	
  44

  
	
   

  	
   

  
	
  ARTICLE NINE  Supplemental
  Indentures

  	
  44

  
	
  Section 901  Supplemental Indentures Without Consent of
  Holders

  	
  44

  
	
  Section 902  Supplemental Indentures With Consent of
  Holders

  	
  45

  
	
  Section 903  Execution of Supplemental Indentures

  	
  46

  
	
  Section 904  Effect of Supplemental Indentures

  	
  46

  
	
  Section 905  Conformity with Trust Indenture Act

  	
  47

  
	
  Section 906  Reference in Securities to Supplemental
  Indentures

  	
  47

  
	
   

  	
   

  
	
  ARTICLE TEN  Covenants

  	
  47

  
	
  Section 1001  Payment of Principal, Premium and Interest

  	
  47

  

 

ii

 

	
  Section 1002  Maintenance of Office or Agency

  	
  47

  
	
  Section 1003  Money for Securities Payments to Be Held in
  Trust

  	
  48

  
	
  Section 1004  Statement by Officers as to Default

  	
  49

  
	
  Section 1005  Existence

  	
  49

  
	
  Section 1006  Waiver of Certain Covenants

  	
  49

  
	
   

  	
   

  
	
  ARTICLE ELEVEN  Redemption
  of Securities

  	
  49

  
	
  Section 1101  Applicability of Article

  	
  49

  
	
  Section 1102  Election to Redeem; Notice to Trustee

  	
  49

  
	
  Section 1103  Selection by Trustee of Securities to Be
  Redeemed

  	
  50

  
	
  Section 1104  Notice of Redemption

  	
  50

  
	
  Section 1105  Deposit of Redemption Price

  	
  51

  
	
  Section 1106  Securities Payable on Redemption Date

  	
  51

  
	
  Section 1107  Securities Redeemed in Part

  	
  52

  
	
   

  	
   

  
	
  ARTICLE TWELVE  Sinking
  Funds

  	
  52

  
	
  Section 1201  Applicability of Article

  	
  52

  
	
  Section 1202  Satisfaction of Sinking Fund Payments with
  Securities

  	
  52

  
	
  Section 1203  Redemption of Securities for Sinking Fund

  	
  53

  
	
   

  	
   

  
	
  ARTICLE THIRTEEN  Defeasance
  and Covenant Defeasance

  	
  53

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

  	
  53

  
	
  Section 1302  Defeasance and Discharge

  	
  53

  
	
  Section 1303  Covenant Defeasance

  	
  54

  
	
  Section 1304  Conditions to Defeasance or Covenant
  Defeasance

  	
  54

  
	
  Section 1305  Deposited Money and U.S. Government
  Obligations to Be Held in Trust; Miscellaneous Provisions

  	
  56

  
	
  Section 1306  Reinstatement

  	
  57

  
	
   

  	
   

  
	
  ARTICLE FOURTEEN  Security

  	
  57

  
	
   

  	
   

  
	
  ARTICLE FIFTEEN  Guarantees

  	
  57

  

 

iii

 

INDENTURE, dated as of
                    ,
20     between Government Properties Income Trust, a real
estate investment trust organized and existing under the laws of the State of
Maryland (herein called the “Company”), and
                                ,
a                           
duly organized and existing under the laws of
                                  ,
as Trustee (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”),
to be issued in one or more series as in this Indenture 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 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:

 

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

 

(b)           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;

 

(c)           all
accounting terms not otherwise defined herein have the meanings assigned to them
in accordance with generally accepted accounting principles, 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 Issue
Date;

 

(d)           unless
otherwise specifically set forth herein, all calculations or determinations of
a Person shall be performed or made on a consolidated basis in accordance with
generally accepted accounting principles;

 

1

 

(e)           unless
the context otherwise requires, any reference to an “Article” or a “Section”
refers to an Article or a Section, as the case may be, of this Indenture;
and

 

(f)            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.

 

Certain terms, used principally in Article 14, are defined in that
Article.

 

“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.

 

“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.

 

“Bankruptcy Law” means Title 11, United States Bankruptcy Code of
1978, as amended, or any similar United States federal or state law relating to
bankruptcy, insolvency, receivership, winding-up, liquidation, reorganization
or relief of debtors or any amendment to, succession to or change in any such
law.

 

“Board” means either the board of trustees of the Company or any duly
authorized committee of that board.

 

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

 

“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.

 

“Commission” means the Securities and Exchange Commission, 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 Managing Trustee, its Chief Executive
Officer, its Chief Operating

 

2

 

Officer, its Chief Financial Officer, its President or a Vice
President, and by its Treasurer, an Assistant Treasurer, its Secretary or an
Assistant Secretary, and delivered to the Trustee.

 

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

 

“corporation” means a corporation, association, company, joint-stock
company, real estate investment trust or business trust.

 

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

 

“Custodian” means any receiver, trustee, assignee, liquidator or other
similar official under any Bankruptcy Law.

 

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

 

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

 

“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.

 

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

 

“Exchange Act” means the Securities Exchange Act of 1934 and any
statute successor thereto, in each case as amended from time to time.

 

“Expiration Date” has the meaning specified in Section 104.

 

“GAAP” means generally accepted accounting principles set forth in the
opinions and pronouncements of the Accounting Principles Board of the American
Institute of Certified Public Accountants and statements and pronouncements of
the Financial Accounting Standards Board, or in such other statements by such
other entity as have been approved by a significant segment of the accounting
profession, which are in effect on the Issue Date.

 

“Global Security” means a Security that evidences all or part of the
Securities of any series and bears the legend set forth in Section 204 (or
such legend as may be specified as contemplated by Section 301 for such
Securities).

 

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

 

“Indenture” means this instrument as originally executed and 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

 

3

 

a part of and govern this instrument and any such supplemental
indenture, respectively. The term “Indenture” shall also include the terms of
particular series of Securities established as contemplated by Section 301.

 

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

 

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

 

“Investment Company Act” means the Investment Company Act of 1940 and
any statute successor thereto, in each case as amended from time to time.

 

“Issue Date” means the date of initial issuance of the Securities
pursuant to this Indenture.

 

“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 or otherwise.

 

“Notice of Default” means a written notice of the kind specified in Section 501(4) or
501(5).

 

“Officers’ Certificate” means a certificate signed by (i) the
Managing Trustee, the Chief Executive Officer, the Chief Operating Officer, the
President or a Vice President, and (ii) the Chief Financial Officer, the
Treasurer, an Assistant Treasurer, the Controller, 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 shall be 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:

 

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

 

(ii)           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;

 

4

 

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

 

(iv)          Securities
which have been paid pursuant to Section 306 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, made or
taken any request, demand, authorization, direction, notice, consent, waiver or
other action hereunder as of any date, (A) the principal amount of an
Original Issue Discount Security which shall be deemed to be Outstanding shall
be the amount of the principal thereof which would be due and payable as of
such date upon acceleration of the Maturity thereof to such date pursuant to Section 502,
(B) if, as of such date, the principal amount payable at the Stated
Maturity of a Security is not determinable, the principal amount of such
Security which shall be deemed to be Outstanding shall be the amount as
specified or determined as contemplated by Section 301, (C) the
principal amount of a Security denominated in one or more foreign currencies or
currency units which shall be deemed to be Outstanding shall be the U.S. dollar
equivalent, determined as of such date in the manner provided as contemplated
by Section 301, of the principal amount of such Security (or, in the case
of a Security described in Clause (A) or (B) above, of the amount
determined as provided in such Clause), and (D) 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, waiver or other action, 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” means any Person authorized by the Company to pay the
principal of or any premium or interest on any Securities on behalf of the
Company.

 

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

 

“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

 

5

 

exchange for or in lieu of a mutilated, destroyed, lost or stolen
Security shall be deemed to evidence the same debt as the mutilated, destroyed,
lost or stolen Security.

 

“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.

 

“Responsible Officer”, when used with respect to the Trustee, means the
chairman or any vice-chairman of the board of directors, the chairman or any
vice-chairman of the executive committee of the board of directors, the
chairman of the trust committee, the president, any vice president, the
secretary, any assistant secretary, the treasurer, any assistant treasurer, the
cashier, any assistant cashier, any trust officer or assistant trust officer,
the controller or any assistant controller or any other officer of the Trustee
customarily performing functions similar to those performed by any of the above
designated officers and also means, with respect to a particular corporate
trust matter, any other officer to whom such matter is referred because of his
knowledge of and familiarity with the particular subject.

 

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

 

“Securities Act” means the Securities Act of 1933 and any statute
successor thereto, in each case as amended from time to time.

 

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

 

“Significant Subsidiary” means any Subsidiary which is a “significant
subsidiary” (as defined in Article I, Rule 1-02 of Regulation S-X,
promulgated under the Securities Act of 1933, as amended) of the Company.

 

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

 

“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.

 

“Subsidiary” means a corporation more than 50% of the outstanding
voting stock of which is owned, directly or indirectly, by the Company or by
one or more other Subsidiaries, or by the Company and one or more other
Subsidiaries.  For the purposes of this
definition, “voting stock” means stock which ordinarily has voting power for
the election of directors, whether at all

 

6

 

times or only so long as no senior class of stock has such voting power
by reason of any contingency.

 

“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.

 

“Trust Indenture Act” means the Trust Indenture Act of 1939 as in force
at the date as of which this instrument was executed; 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 as so
amended.

 

“U.S. Government Obligation” has the meaning specified in Section 1304.

 

“Vice President”, when used with respect to the Company or the Trustee,
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  Compliance
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 (except for certificates
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 relating 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.

 

7

 

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 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

 

Any request, demand, authorization, direction, notice, consent, waiver
or other action provided or permitted by this Indenture to be given, made 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 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.

 

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.

 

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

 

8

 

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.

 

The Company may set any day as a record date for the purpose of
determining the Holders of Outstanding Securities of any series entitled to
give, make or take any request, demand, authorization, direction, notice,
consent, waiver or other action provided or permitted by this Indenture to be
given, made or taken by Holders of Securities of such series, provided that the
Company may not set a record date for, and the provisions of this paragraph
shall not apply with respect to, the giving or making of (i) any Notice of
Default, (ii) any declaration of acceleration referred to in Section 502,
(iii) any request to institute proceedings referred to in Section 507(2) or
(iv) any direction referred to in Section 512. If any record date is
set pursuant to this paragraph, the Holders of Outstanding Securities of the
relevant series on such record date, and no other Holders, shall be entitled to
take the relevant action, whether or not such Holders remain Holders after such
record date; provided that no such action shall be effective hereunder unless
taken on or prior to the applicable Expiration Date by Holders of the requisite
principal amount of Outstanding Securities of such series on such record date.
Nothing in this paragraph shall be construed to prevent the Company from
setting a new record date for any action for which a record date has previously
been set pursuant to this paragraph (whereupon the record date previously set
shall automatically and with no action by any Person be cancelled and of no
effect), and nothing in this paragraph shall be construed to render ineffective
any action taken by Holders of the requisite principal amount of Outstanding
Securities of the relevant series on the date such action is taken. Promptly
after any record date is set pursuant to this paragraph, the Company, at its
own expense, shall cause notice of such record date, the proposed action by
Holders and the applicable Expiration Date to be given to the Trustee in
writing and to each Holder of Securities of the relevant series in the manner
set forth in Section 106.

 

With respect to any record date set pursuant to this Section, the
Company may designate any day as the “Expiration Date” and from time to time
may change the Expiration Date to any earlier or later day; provided that no
such change shall be effective unless notice of the proposed new Expiration
Date is given to the Trustee in writing, and to each Holder of Securities of
the relevant series in the manner set forth in Section 106, on or prior to
the existing Expiration Date. If an Expiration Date is not designated with
respect to any record date set pursuant to this Section, the Company shall be
deemed to have initially designated the 180th day after such record date as the
Expiration Date with respect thereto, subject to its right to change the
Expiration Date as provided in this paragraph.

 

Without limiting the foregoing, a Holder entitled hereunder to 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 part of such principal amount.

 

9

 

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:
                            ,
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 it at the
address of its 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.

 

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 which is required thereunder 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
which 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.

 

10

 

Section 108  Effect of
Headings and Table of Contents

 

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

 

Section 109  Successors
and Assigns

 

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

 

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, the holders of Senior Debt 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 law of the State of New York.

 

Section 113  Legal
Holidays

 

In any case where any Interest Payment Date, Redemption 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 of the
Securities (other than a provision of any Security 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
or Redemption Date, or at the Stated Maturity.

 

Section 114  No Personal
Liability

 

THE AMENDED AND RESTATED DECLARATION OF TRUST ESTABLISHING GOVERNMENT
PROPERTIES INCOME TRUST, DATED JUNE 8, 2009, AS AMENDED AND SUPPLEMENTED, AS
FILED WITH THE STATE DEPARTMENT OF ASSESSMENTS AND TAXATION OF MARYLAND,
PROVIDES THAT NO TRUSTEE, OFFICER, SHAREHOLDER, EMPLOYEE OR AGENT OF GOVERNMENT
PROPERTIES INCOME TRUST SHALL BE HELD TO ANY PERSONAL LIABILITY, JOINTLY OR
SEVERALLY, FOR ANY OBLIGATION OF, OR CLAIM AGAINST, GOVERNMENT

 

11

 

PROPERTIES INCOME TRUST.  ALL
PERSONS DEALING WITH GOVERNMENT PROPERTIES INCOME TRUST IN ANY WAY SHALL LOOK
ONLY TO THE ASSETS OF GOVERNMENT PROPERTIES INCOME TRUST FOR THE PAYMENT OF ANY
SUM OR THE PERFORMANCE OF ANY OBLIGATION.

 

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 Depositary therefor or as may, consistently
herewith, be determined by the officers executing such Securities, as evidenced
by their execution thereof. 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.]

 

	
  No.

  	
   

  	
  $

  

 

Government Properties Income Trust, a real estate investment trust duly
organized and existing under the laws of Maryland (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, semi-annually on               
and               
in each year, commencing
              
, at the rate of       % per annum, until the
principal hereof is paid or made available for payment, provided that any
principal and premium, and any such installment of interest, which is overdue
shall bear interest at the rate of       % per
annum (to the extent that the payment of such interest shall be legally
enforceable), from the dates such amounts are due until they are paid or made
available for payment, and such interest shall be payable on demand.  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

 

12

 

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 or at Stated Maturity and in such case the
overdue principal and any overdue premium shall bear interest at the rate of
      % per annum (to the extent that the payment
of such interest shall be legally enforceable), from the dates such amounts are
due until they are paid or made available for payment. Interest on any overdue
principal or premium shall be payable on demand. Any such interest on overdue
principal or premium which is not paid on demand shall bear interest at the
rate of       % per annum (to the extent that the
payment of such interest on interest shall be legally enforceable), from the
date of such demand until the amount so demanded is paid or made available for
payment. Interest on any overdue interest shall be payable on demand.]

 

Payment of the principal of (and premium, if any) and any such interest
on this Security will be made at the office or agency of the Company 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; provided,
however, that 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.

 

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 hereon 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.

 

THE AMENDED AND RESTATED DECLARATION OF TRUST ESTABLISHING GOVERNMENT
PROPERTIES INCOME TRUST, DATED JUNE 8, 2009, AS AMENDED AND SUPPLEMENTED, AS
FILED WITH THE STATE DEPARTMENT OF ASSESSMENTS AND TAXATION OF MARYLAND,
PROVIDES THAT NO TRUSTEE, OFFICER, SHAREHOLDER, EMPLOYEE OR AGENT OF GOVERNMENT
PROPERTIES INCOME TRUST SHALL BE HELD TO ANY PERSONAL LIABILITY, JOINTLY OR
SEVERALLY, FOR ANY OBLIGATION OF, OR CLAIM AGAINST, GOVERNMENT

 

13

 

PROPERTIES INCOME TRUST.  ALL
PERSONS DEALING WITH GOVERNMENT PROPERTIES INCOME TRUST IN ANY WAY SHALL LOOK
ONLY TO THE ASSETS OF GOVERNMENT PROPERTIES INCOME TRUST FOR THE PAYMENT OF ANY
SUM OR THE PERFORMANCE OF ANY OBLIGATION.

 

In Witness Whereof, the Company has caused this instrument to be duly
executed [under its corporate seal].

 

	
  Dated:

  	
  Government Properties Income Trust

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
  [SEAL]

  	
   

  
	
  [Attest:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Title:]

  	
   

  

 

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”, which term shall have the meaning assigned to
it in such instrument), between the Company and
                              ,
as Trustee (herein called the “Trustee”, which term includes any successor
trustee under the Indenture), and reference is hereby made to the Indenture for
a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee, the holders of Senior Debt
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 [if
applicable, insert — , limited in aggregate principal 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 [if applicable, insert — 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 [if applicable, insert —
on or before
                          ,
      %, and if redeemed] during the 12-month
period beginning
                    
of the years indicated,

 

	
  Year

  	
   

  	
  Redemption

  Price

  	
   

  	
  Year

  	
   

  	
  Redemption

  Price

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

14

 

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.]

 

[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
[if applicable, insert — 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,

 

	
  Year

  	
   

  	
  Redemption Price

  For Redemption

  Through Operation

  of the

  Sinking Fund

  	
   

  	
  Redemption Price For

  Redemption Otherwise

  Than Through Operation

  of the Sinking Fund

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

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.]

 

[If applicable, insert —
Notwithstanding the foregoing, the Company may not, prior to
                    ,
redeem any Securities of this series as contemplated by [if applicable, insert — 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.]

 

[If applicable, insert —
The sinking fund for this series provides for the redemption on
                              
in each year beginning with the year
         and ending with the year
         of [if applicable, insert — not less than
$                      
(“mandatory sinking fund”) and not more than]
$         aggregate principal amount of
Securities of this series. Securities of this series

 

15

 

acquired or redeemed by the Company otherwise than through [if applicable, insert — mandatory] sinking
fund payments may be credited against subsequent [if applicable, insert — mandatory] sinking fund payments
otherwise required to be made [if
applicable, insert — , in the inverse order in which they become
due].]

 

[If the Security is subject to
redemption of any kind, 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 applicable, insert —
The Indenture contains provisions for defeasance at any time of [the entire
indebtedness of this Security] [or] [certain restrictive covenants and Events
of Default with respect to this Security] [, in each case] upon compliance with
certain conditions set forth in the Indenture.]

 

[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 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, premium and 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 premium 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 66 2/3% 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 all Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the
Holder of this 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 therefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Security.

 

As provided in and subject to the provisions of the Indenture, the
Holder of this Security shall not have the right to institute any proceeding
with respect to the Indenture or for the appointment of a receiver or trustee
or for any other remedy thereunder, unless such Holder shall

 

16

 

have previously given the Trustee written notice of a continuing Event
of Default with respect to the Securities of this series, the Holders of not
less than a majority in principal amount of the Securities of this series at
the time Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and
offered the Trustee reasonable indemnity, and the Trustee shall not have
received from the Holders of a majority in principal amount of Securities of
this series at the time Outstanding a direction inconsistent with such request,
and shall have failed to institute any such proceeding, for 60 days after
receipt of such notice, request and offer of indemnity. The foregoing shall not
apply to any suit instituted by the Holder of this Security for the enforcement
of any payment of principal hereof or any premium or interest hereon on or
after the respective due dates expressed herein.

 

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 $        
and any integral multiple 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
and of like tenor of a different authorized denomination, as requested by the
Holder surrendering the same.

 

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

 

Prior to due presentment of this 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.

 

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

 

17

 

Section 204  Form of
Legend for Global Securities

 

Unless otherwise specified as contemplated by Section 301 for the
Securities evidenced thereby, every Global Security authenticated and delivered
hereunder shall bear a legend in substantially the following form:

 

This Security is a Global Security within the meaning of the Indenture
hereinafter referred to and is registered in the name of a Depositary or a
nominee thereof. This Security may not be exchanged in whole or in part for a
Security registered, and no transfer of this Security in whole or in part may
be registered, in the name of any Person other than such Depositary or a
nominee thereof, except in the limited circumstances described in the
Indenture.

 

Section 205  Form of
Trustee’s Certificate of Authentication

 

The Trustee’s certificates of authentication 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.

 

	
   

  	
   

  	
   

  	
   

  	
  ,

  
	
   

  	
   

  	
  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 authenticated
and delivered under this Indenture is unlimited.

 

The Securities may be issued in one or more series. There shall be
established in or pursuant to a Board Resolution and, subject to Section 303,
set forth, or determined in the manner provided, in an Officers’ Certificate,
or established in one or more indentures supplemental hereto, prior to the
issuance of Securities of any series,

 

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

 

(b)           any
limit upon the aggregate principal amount of the Securities of the series which
may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Securities of the series pursuant to Section 304,
305, 306, 906 or 1107

 

18

 

and except for any Securities which, pursuant
to Section 303, are deemed never to have been authenticated and delivered
hereunder);

 

(c)           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
for such interest;

 

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

 

(e)           the
rate or rates at which any Securities of the series shall bear interest, if
any, the date or dates from which any such interest shall accrue, the Interest
Payment Dates on which any such interest shall be payable and the Regular
Record Date for any such interest payable on any Interest Payment Date;

 

(f)            the
place or places where the principal of and any premium and interest on any
Securities of the series shall be payable;

 

(g)           the
period or periods within which, the price or prices at which and the terms and
conditions upon which any Securities of the series may be redeemed, in whole or
in part, at the option of the Company and, if other than by a Board Resolution,
the manner in which any election by the Company to redeem the Securities shall
be evidenced;

 

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

 

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

 

(j)            if
the amount of principal of or any premium or interest on any Securities of the
series may be determined with reference to an index or pursuant to a formula,
the manner in which such amounts shall be determined;

 

(k)           if
other than the currency of the United States of America, the currency,
currencies or currency units in which the principal of or any premium or
interest on any Securities of the series shall be payable and the manner of
determining the equivalent thereof in the currency of the United States of America
for any purpose, including for purposes of the definition of “Outstanding” in Section 101;

 

(l)            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 Holder thereof, in one or
more currencies or currency units other than that or those in which such
Securities are stated to be payable, the currency, currencies or currency units
in which the principal of

 

19

 

or any premium or interest on such Securities
as to which such election is made shall be payable, the periods within which
and the terms and conditions upon which such election is to be made and the
amount so payable (or the manner in which such amount shall be determined);

 

(m)          if
other than the entire principal amount thereof, the portion of the principal
amount of any Securities of the series which shall be payable upon declaration
of acceleration of the Maturity thereof pursuant to Section 502;

 

(n)           if
the principal amount payable at the Stated Maturity of any Securities of the
series will not be determinable as of any one or more dates prior to the Stated
Maturity, the amount which shall be deemed to be the principal amount of such
Securities as of any such date for any purpose thereunder or hereunder,
including the principal amount thereof which shall be due and payable upon any
Maturity other than the Stated Maturity or which shall be deemed to be
Outstanding as of any date prior to the Stated Maturity (or, in any such case,
the manner in which such amount deemed to be the principal amount shall be
determined);

 

(o)           if
applicable, that the Securities of the series, in whole or any specified part,
shall be defeasible pursuant to Section 1302 or Section 1303 or both
such Sections and, if other than by a Board Resolution, the manner in which any
election by the Company to defease such Securities shall be evidenced;

 

(p)           if
applicable, that any Securities of the series shall be issuable in whole or in
part in the form of one or more Global Securities and, in such case, the
respective Depositaries for such Global Securities, the form of any legend or
legends which shall be borne by any such Global Security in addition to or in
lieu of that set forth in Section 204 and any circumstances in addition to
or in lieu of those set forth in Clause (2) of the last paragraph of Section 305
in which any such Global Security may be exchanged in whole or in part for
Securities registered, and any transfer of such Global Security in whole or in part
may be registered, in the name or names of Persons other than the Depositary
for such Global Security or a nominee thereof;

 

(q)           any
addition to or change in the Events of Default which applies to any Securities
of the series and any change in the right of the Trustee or the requisite
Holders of such Securities to declare the principal amount thereof due and
payable pursuant to Section 502;

 

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

 

(s)           if
applicable, that the Securities of the series are convertible into or
exchangeable for Common Stock or other securities of the Company, the period or
periods within which, the price or prices at which and the terms and conditions
upon which, and the limitations and restrictions, if any, upon which, any
Securities of the series shall be convertible or exchangeable, in whole or in
part, into Common Stock or other securities of the Company; and

 

20

 

(t)            any
other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture, except as permitted by Section 901(5)).

 

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.

 

If any of the terms of the 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 only in registered form
without coupons and only in such denominations as shall be specified as
contemplated by Section 301. In the absence of any such specified
denomination with respect to the Securities of any series, the Securities of
such series shall be issuable in denominations of $1,000 and any integral
multiple thereof.

 

Section 303  Execution,
Authentication, Delivery and Dating

 

The Securities shall be executed on behalf of the Company by its
Chairman of the Board, its Vice Chairman of the Board, its President or one of
its Vice Presidents, and may, but need not, have corporate seal reproduced
thereon attested by its Secretary or one of its Assistant Secretaries. The
signature of any of these officers on the Securities may be manual or
facsimile.

 

Securities bearing the manual or facsimile signatures of individuals
who were at any time the proper officers of the Company shall bind the Company,
notwithstanding that such individuals or any of them have ceased to hold such
offices prior to the authentication and delivery of such Securities or did not
hold such offices at the date of such Securities.

 

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 shall authenticate and deliver such
Securities. If the form or terms of the Securities of the series have been
established by 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,

 

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

 

21

 

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

 

(c)           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.

 

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 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.

 

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 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.

 

Section 304  Temporary
Securities

 

Pending the preparation of definitive Securities of any series, the
Company may execute, and upon Company Order the Trustee shall authenticate and
deliver, temporary Securities which are printed, lithographed, typewritten,
mimeographed or otherwise produced, in any authorized denomination,
substantially of the tenor of the definitive Securities in lieu of which they
are issued and with such appropriate insertions, omissions, substitutions and
other variations as the officers executing such Securities may determine, as
evidenced by their execution of such Securities.

 

If temporary Securities of any series are issued, the Company will
cause definitive Securities of that series to be prepared without unreasonable
delay. After the preparation of

 

22

 

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 in a Place of Payment for that series, without charge to the
Holder. 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 like tenor and aggregate
principal amount. 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

 

The Company shall cause to be kept at the Corporate Trust Office of the
Trustee a register (the register maintained in such office and in any other
office or agency of the Company in a Place of Payment being herein sometimes
collectively referred to as the “Security Register”) in which, subject to such
reasonable regulations as it may prescribe, the Company shall provide for the
registration of Securities and of transfers of Securities. The Trustee is
hereby appointed “Security Registrar” for the purpose of registering Securities
and transfers of Securities as herein provided.

 

Upon surrender for registration of transfer of any Security of a series
at the office or agency of the Company 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 like
tenor and aggregate principal amount.

 

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
like tenor and aggregate principal amount, 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 or 1107 not involving any transfer.

 

23

 

If the Securities of any series (or of any series and specified tenor)
are to be redeemed in part, the Company shall not be required (a) to
issue, register the transfer of or exchange any Securities of that series (or
of that series and specified tenor, as the case may be) during a period
beginning at the opening of business 15 days before the day of the mailing of a
notice of redemption of any such Securities 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 so selected for redemption in
whole or in part, except the unredeemed portion of any Security being redeemed
in part.

 

The provisions of clauses (a), (b), (c) and (d) below shall
apply only to Global Securities:

 

(a)           Each
Global Security authenticated under this Indenture shall be registered in the
name of the Depositary designated for such Global Security or a nominee thereof
and delivered to such Depositary or a nominee thereof or custodian therefor, and
each such Global Security shall constitute a single Security for all purposes
of this Indenture.

 

(b)           Notwithstanding
any other provision in this Indenture, no Global Security may be exchanged in
whole or in part for Securities registered, and no transfer of a Global
Security in whole or in part may be registered, in the name of any Person other
than the Depositary for such Global Security or a nominee thereof unless (i) such
Depositary (A) has notified the Company that it is unwilling or unable to
continue as Depositary for such Global Security or (B) has ceased to be a
clearing agency registered under the Exchange Act, (ii) there shall have
occurred and be continuing an Event of Default with respect to such Global
Security or (iii) there shall exist such circumstances, if any, in
addition to or in lieu of the foregoing as have been specified for this purpose
as contemplated by Section 301.

 

(c)           Subject
to Clause (2) above, any exchange of a Global Security for other
Securities may be made in whole or in part, and all Securities issued in
exchange for a Global Security or any portion thereof shall be registered in
such names as the Depositary for such Global Security shall direct.

 

(d)           Every
Security authenticated and delivered upon registration of transfer of, or in
exchange for or in lieu of, a Global Security or any portion thereof, whether
pursuant to this Section, Section 304, 306, 906 or 1107 or otherwise,
shall be authenticated and delivered in the form of, and shall be, a Global
Security, unless such Security is registered in the name of a Person other than
the Depositary for such Global Security or a nominee thereof.

 

Section 306  Mutilated,
Destroyed, Lost and Stolen Securities

 

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

 

If there shall be delivered to the Company and the Trustee (a) evidence
to their satisfaction of the destruction, loss or theft of any Security and (b) such
security or indemnity as

 

24

 

may be required by them to save each of them and any agent of either of
them harmless, then, in the absence of notice to the Company or the Trustee
that such Security has been acquired by a bona fide purchaser, the Company
shall execute and the Trustee shall authenticate and deliver, in lieu of any
such destroyed, lost or stolen Security, a new Security of the same series and
of like tenor and principal amount and bearing a number not contemporaneously
outstanding.

 

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

 

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

 

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

 

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

 

Section 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.

 

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 (a) or (b) below:

 

(a)           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

 

25

 

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 given to each Holder of Securities of such
series in the manner set forth in Section 106, not less than 10 days prior
to such Special Record Date. Notice of the proposed payment of such Defaulted
Interest and the Special Record Date therefor having been 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 (b).

 

(b)           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 given by the
Company to the Trustee of the proposed payment pursuant to this Clause, such
manner of payment shall be deemed practicable by the Trustee.

 

Subject to the foregoing provisions 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 (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.

 

Section 309  Cancellation

 

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 cancelled by it. The Company may at any time deliver to
the Trustee for cancellation any Securities previously authenticated and
delivered hereunder which the Company may have acquired in any manner whatsoever,
and may deliver to the Trustee (or to any other Person for delivery to the
Trustee) for cancellation any Securities previously authenticated hereunder
which the Company has not issued and sold, and

 

26

 

all Securities so delivered shall be promptly cancelled by the Trustee.
No Securities shall be authenticated in lieu of or in exchange for any
Securities cancelled as provided in this Section, except as expressly permitted
by this Indenture. All cancelled Securities held by the Trustee shall be
disposed of as directed by a Company Order.

 

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.

 

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

 

(a)           either

 

(i)            all
Securities theretofore authenticated and delivered (other than (A) Securities
which have been destroyed, lost or stolen and which have been replaced or paid
as provided in Section 306 and (B) 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

 

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

 

(A)          have
become due and payable, or

 

(B)           will
become due and payable at their Stated Maturity within one year, or

 

(C)           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 the Company, in the case of (A), (B) or (C) above, has
deposited or caused to be deposited with the Trustee as trust funds in trust
for the purpose money in an amount sufficient to pay and discharge the entire
indebtedness on such Securities not theretofore

 

27

 

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;

 

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

 

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

 

Notwithstanding the satisfaction and discharge of this Indenture, the
obligations of the Company to the Trustee under Section 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 (ii) of
clause (a) 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 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, of the principal and any premium
and interest for whose payment such money has been deposited with the Trustee.

 

ARTICLE FIVE

 

Remedies

 

Section 501  Events of
Default

 

“Event of Default”, wherever used herein with respect to Securities of
any series, means any one of the following events (whatever the reason for such
Event of Default and whether it shall be occasioned by the provisions of Article Fourteen
or 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):

 

(a)           default
in the payment of the principal of or any premium on any Security of that
series at its Maturity and continuance of such default for a period of 30 days;
or

 

(b)           default
in the payment of 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

 

(c)           default
in the deposit of any sinking fund payment, when and as due by the terms of a
Security of that series and continuance of such default for a period of 30
days; or

 

28

 

(d)           default
in the performance of, or breach of, any covenant of the Company in this
Indenture (other than a covenant a default in whose performance or whose breach
is elsewhere in this Section specifically dealt with or which has been
expressly included in this Indenture solely for the benefit of a series of
Securities other than that series), and continuance of such default or breach
for a period of 60 days after there has been given, by registered or certified
mail, to the Company by the Trustee or to the Company and the Trustee by the
Holders of at least a majority in principal amount of the Outstanding
Securities of that series a written notice specifying such default or breach
and requiring it to be remedied and stating that such notice is a “Notice of
Default” hereunder; or

 

(e)           a
default under any bond, debenture, note or other evidence of indebtedness of
the Company, or under any mortgage, indenture or other instrument of the
Company (including a default with respect to Securities of any series other
than that series) under which there may be issued or by which there may be
secured any indebtedness of the Company (or by any Subsidiary, the repayment of
which the Company has guaranteed or for which the Company is directly responsible
or liable as obligor or guarantor), whether such indebtedness now exists or
shall hereafter be created, which default shall constitute a failure to pay an
aggregate principal amount exceeding $25,000,000 of such indebtedness when due
and payable after the expiration of any applicable grace period with respect
thereto and shall have resulted in such indebtedness in an aggregate principal
amount exceeding $25,000,000 becoming or being declared due and payable prior
to the date on which it would otherwise have become due and payable, without
such indebtedness having been discharged, or such acceleration having been
rescinded or annulled, within a period of 10 days after there shall have been
given, by registered or certified mail, to the Company by the Trustee or to the
Company and the Trustee by the Holders of at least a majority in principal
amount of the Outstanding Securities of that series a written notice specifying
such default and requiring the Company to cause such indebtedness to be
discharged or cause such acceleration to be rescinded or annulled and stating
that such notice is a “Notice of Default” hereunder; or

 

(f)            the
Company or any Significant Subsidiary pursuant to or within the meaning of any
Bankruptcy Law (i) commences a voluntary case, (ii) consents to the
entry of an order for relief against it in an involuntary case, or (iii) consents
to the appointment of a Custodian of it or for all or substantially all of its
property, or

 

(g)           a
court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that: (i) is for relief against the Company or any Significant
Subsidiary in an involuntary case, (ii) appoints a Custodian of the
Company or any Significant Subsidiary or for all or substantially all of either
of its property, or (iii) orders the liquidation of the Company or any
Significant Subsidiary, and the order or decree remains unstayed and in effect
for 90 days; or

 

(h)           any
other Event of Default provided with respect to Securities of that series.

 

29

 

Section 502  Acceleration
of Maturity; Rescission and Annulment

 

If an Event of Default (other than an Event of Default specified in Section 501(f) or
501(g)) with respect to Securities of any series at the time Outstanding occurs
and is continuing, then in every such case the Trustee or the Holders of not
less than a majority of the principal amount of the Outstanding Securities of
that series may declare the principal amount of all the Securities of that
series (or, if any Securities of that series are Original Issue Discount
Securities, such portion of the principal amount of such Securities as may be
specified by the terms thereof) 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.  If an Event
of Default specified in clause (f) or (g) of Section 501 with
respect to Securities of any series at the time Outstanding occurs, the
principal amount of all the Securities of that series (or, if any Securities of
that series are Original Issue Discount Securities, such portion of the
principal amount of such Securities as may be specified by the terms thereof)
shall automatically, and without any declaration or other action on the part of
the Trustee or any Holder, become immediately due and payable.

 

At any time after such a declaration of acceleration with respect to
Securities of any series has been made and before a judgment or decree for
payment of the money due has been obtained by the Trustee as hereinafter in
this 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 declaration and its consequences if

 

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

 

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

 

(ii)           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,

 

(iii)          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

 

(iv)          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

 

(b)           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.

 

30

 

The Trustee shall not be required to act upon an Event of Default
unless it has actual knowledge of such Event of Default.

 

Section 503  Collection
of Indebtedness and Suits for Enforcement by Trustee

 

The Company covenants that if

 

(a)           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

 

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

 

the Company will, upon demand of the Trustee, pay to it, for the benefit
of the Holders of such Securities, the whole amount then due and payable on
such Securities 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 in such Securities, 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 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 directly to the Holders, to pay to the Trustee any amount due it for
the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607.

 

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; provided,
however, that the Trustee may, on behalf of the Holders, vote for the election
of a

 

31

 

trustee in bankruptcy or similar official and be a member of a creditors’
or other similar committee.

 

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 extent provided in Article Fourteen, to the holders
of Senior Debt of the Company in accordance with Article Fourteen; and

 

THIRD: 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.

 

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

 

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

 

(b)           the
Holders of not less than a majority 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;

 

(c)           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;

 

32

 

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

 

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

 

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 in this Indenture, the Holder of
any Security shall have the right, which is absolute and unconditional, to
receive payment of the principal of and any premium and (subject to Section 307)
interest on such Security on the respective Stated 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 stolen 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

 

33

 

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.

 

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

 

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

 

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

 

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

 

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

 

(b)           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 or to make such an assessment in any suit instituted by the
Company.

 

Section 515  Waiver of
Usury, 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,

 

34

 

any usury, 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, 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.

 

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 as and to the extent provided by the Trust Indenture Act; provided,
however, that in the case of any default of the character specified in clause (d) of
Section 501 with respect to Securities of such series, no such notice to
Holders shall be given until at least 30 days after the occurrence thereof. 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:

 

(a)           the
Trustee may 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;

 

(b)           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 shall be sufficiently evidenced by a Board Resolution;

 

(c)           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

 

35

 

action hereunder, the Trustee (unless other
evidence be herein specifically prescribed) may, in the absence of bad faith on
its part, rely upon an Officers’ Certificate;

 

(d)           the
Trustee may consult with counsel and the written 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;

 

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

 

(f)            the
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, note, other
evidence of indebtedness or other paper or document, but the Trustee, in its
discretion, may make such further inquiry or investigation into such facts or
matters as it may see fit, and, if the Trustee shall determine to make such
further inquiry or investigation, it shall be entitled to examine the books,
records and premises of the Company, personally or by agent or attorney; and

 

(g)           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.

 

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 neither the Trustee nor any Authenticating Agent assumes any
responsibility for their correctness. The Trustee makes no representations as
to the validity or sufficiency of this Indenture or of the Securities. Neither
the Trustee nor any Authenticating Agent shall 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.

 

36

 

Section 606  Money Held
in Trust

 

Money held by the Trustee in trust hereunder need not be segregated
from other funds except to the extent required by law. The Trustee shall be
under no liability for interest on any money received by it hereunder except as
otherwise agreed with the Company.

 

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 any such expense, disbursement or advance as
may be attributable to its negligence or bad faith; and

 

(3)           to
indemnify the Trustee for, and to hold it harmless against, any loss, liability
or expense incurred without negligence or bad faith on its part, arising out of
or in connection with the acceptance or administration of the trust or trusts
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.

 

Section 608  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 or resign, to the extent and in the manner provided by, and subject to
the provisions of, the Trust Indenture Act and this Indenture. To the extent
permitted by such Act, the Trustee shall not be deemed to have a conflicting
interest by virtue of being a trustee under this Indenture with respect to
Securities of more than one series [or a trustee under — list here any prior
indentures between the Company and the Trustee that have not been satisfied and
discharged and that may be excluded by the proviso to Section 310(b)(1) of
the Trust Indenture Act].

 

Section 609  Corporate
Trustee Required; Eligibility

 

There shall at all times be one (and only one) Trustee hereunder with
respect to the Securities of each series, which may be Trustee hereunder for
Securities of one or more other series. 
Each Trustee shall be a Person that is eligible pursuant to the Trust
Indenture Act to act as such, and has a combined capital and surplus of at
least $50,000,000.  If any such Person
publishes reports of condition at least annually, pursuant to law or to the requirements
of its supervising or examining authority, then for the purposes of this Section and
to the extent permitted by the Trust Indenture Act, 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

 

37

 

so published. If at any time the Trustee with respect to the Securities
of any series 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.

 

Section 610  Resignation
and Removal; Appointment of Successor

 

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.

 

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.

 

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.

 

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, (A) the Company by a Board Resolution may
remove the Trustee with respect to all Securities, or (B) 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.

 

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

 

38

 

one year 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.

 

The Company shall give notice of each resignation and each removal of
the Trustee with respect to the Securities of any series and each appointment
of a successor Trustee with respect to the 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

 

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.

 

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 (a) 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, (b) 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 (c) 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

 

39

 

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.

 

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 the
first or second preceding paragraph, as the case may be.

 

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.

 

Section 613  Preferential
Collection of Claims Against Company

 

If and when the Trustee shall be or become a creditor of the Company
(or any other obligor upon the Securities), the Trustee shall be subject to the
provisions of the Trust Indenture Act regarding the collection of claims
against the Company (or any such other obligor).

 

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

 

40

 

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, 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 to 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 give notice of such
appointment in the manner provided in Section 106 to all Holders of
Securities of the series with respect to which such Authenticating Agent will
serve. 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:

 

41

 

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

 

	
   

  	
   

  	
   

  	
   

  	
  ,

  
	
   

  	
   

  	
  As Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  	
  ,

  
	
   

  	
   

  	
  As Authenticating Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Authorized Officer

  

 

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

 

(a)           semi-annually,
not later than January 15 and July 15 in each year, a list, in such
form as the Trustee may reasonably require, of the names and addresses of the
Holders of Securities of each series as of the preceding December 31 or June 30,
as the case may be, and

 

(b)           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;

 

excluding from any such list names and addresses received by the
Trustee in its capacity as Security Registrar.

 

Section 702  Preservation
of Information; Communications to Holders

 

The Trustee shall preserve, in as current a form as is reasonably
practicable, the names and addresses of Holders contained in the most recent
list furnished to the Trustee as provided in Section 701 and the names and
addresses of Holders received by the Trustee in its capacity as Security
Registrar. The Trustee may destroy any list furnished to it as provided in Section 701
upon receipt of a new list so furnished.

 

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.

 

42

 

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 names and addresses of Holders made pursuant to
the Trust Indenture Act.

 

Section 703  Reports by
Trustee

 

The Trustee shall transmit to Holders such reports 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.

 

A copy of each 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.

 

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, and such
summaries thereof, as may be required pursuant to the Trust Indenture Act at
the times and in the manner provided pursuant thereto; 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 same is so required to be filed with
the Commission.

 

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 into any other Person
or convey, transfer or lease its properties and assets substantially as an
entirety to any Person, and the Company shall not permit any Person to
consolidate with or merge into the Company or convey, transfer or lease its
properties and assets substantially as an entirety to the Company, unless:

 

(a)           in
case the Company shall consolidate with or merge into another Person or convey,
transfer or lease its properties and assets substantially as an entirety to any
Person, the Person formed by such consolidation or into which the Company is
merged or the Person which acquires by conveyance or transfer, or which leases,
the properties and assets of the Company substantially as an entirety shall be
a corporation, partnership, limited liability company or trust, shall be
organized and validly existing under the laws of the United States of America,
any State thereof or the District of Columbia and shall expressly assume, by an
indenture supplemental hereto, executed and delivered to the Trustee, in form
satisfactory to the Trustee, the due and punctual payment of the principal of
and any premium and interest on all the Securities and the performance or
observance of every covenant of this Indenture on the part of the Company to be
performed or observed;

 

43

 

(b)           immediately
after giving effect to such transaction and treating any indebtedness which
becomes an obligation of the Company or any Subsidiary as a result of such
transaction as having been incurred by the Company or such Subsidiary at the
time of such transaction, no Event of Default, and no event which, after notice
or lapse of time or both, would become an Event of Default, shall have happened
and be continuing; and

 

(c)           the
Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that such consolidation, merger, conveyance, transfer or
lease and, if a supplemental indenture is required in connection with such
transaction, such supplemental indenture comply with this Article and that
all conditions precedent herein provided for relating to such transaction have
been complied with.

 

Section 802  Successor
Substituted

 

Upon any consolidation of the Company with, or merger of the Company
into, any other Person or any conveyance, transfer or lease of the properties
and assets of the Company substantially as an entirety in accordance with Section 801,
the successor Person formed by such consolidation or into which the Company is
merged or to which such conveyance, transfer or lease is made shall succeed to,
and be substituted for, and may exercise every right and power of, the Company
under this Indenture with the same effect as if such successor Person had been
named as the Company herein, and thereafter, except in the case of a lease, the
predecessor Person shall be relieved of all obligations and covenants under
this Indenture and the 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
evidence the succession of another Person to the Company and the assumption by
any such successor of the covenants of the Company herein and in the
Securities; or

 

(b)           to
add to the covenants of the Company for the benefit of the Holders of all or
any series of Securities (and if such covenants are to be for the benefit of
less than all series of Securities, stating that such covenants are expressly
being included solely for the benefit of such series) or to surrender any right
or power herein conferred upon the Company; or

 

(c)           to
add any additional Events of Default for the benefit of the Holders of all or
any series of Securities (and if such additional Events of Default are to be
for the

 

44

 

benefit of less than all series of
Securities, stating that such additional Events of Default are expressly being
included solely for the benefit of such series); or

 

(d)           to
add to or change any of the provisions of this Indenture to such extent as
shall be necessary to permit or facilitate the issuance of Securities in bearer
form, registrable or not registrable as to principal, and with or without
interest coupons, or to permit or facilitate the issuance of Securities in
uncertificated form; or

 

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

 

(f)            to
establish the form or terms of Securities of any series as permitted by
Sections 201 and 301; or

 

(g)           to
evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities of one or more series and to add to or
change any of the provisions of this Indenture as shall be necessary to provide
for or facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to the requirements of Section 611; or

 

(h)           to
cure any ambiguity, to correct or supplement any provision herein which may be
defective or inconsistent with any other provision herein, or to make any other
provisions with respect to matters or questions arising under this Indenture,
provided that such action pursuant to this clause (h) shall not adversely
affect the interests of the Holders of Securities of any series in any material
respect.

 

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; provided, however,
that no such supplemental indenture shall, without the consent of the Holder of
each Outstanding Security affected thereby,

 

(a)           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 payable upon the redemption thereof, or
reduce the amount of the principal of an Original Issue Discount Security or any
other Security which 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

 

45

 

the right to institute suit for the
enforcement of any such payment on or after the Stated Maturity thereof (or, in
the case of redemption, on or after the Redemption Date), or

 

(b)           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

 

(c)           modify
any of the provisions of this Section, Section 513 or Section 1006,
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 1006, or the deletion of this proviso, in accordance with the
requirements of Section 611 and clause (h) of Section 901.

 

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 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.

 

46

 

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.

 

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.

 

ARTICLE TEN

 

Covenants

 

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.

 

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.

 

47

 

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, 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.

 

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 (1) comply with the
provisions of the Trust Indenture Act applicable to it as a Paying Agent and (2) 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.

 

Any money deposited with the Trustee or any Paying Agent, or then held
by the Company, in trust for the payment of the principal of 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, 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; provided, however, that the Trustee or such
Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in a newspaper published in
the English language, customarily published on each Business Day and of general
circulation in
                              ,
notice that such money remains unclaimed and that, after a date specified
therein, which shall not be less than 30 days from the date of such
publication, any unclaimed balance of such money then remaining will be repaid
to the Company.

 

48

 

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, an Officers’
Certificate, stating whether or not to the best knowledge of the signers thereof
the Company is in default in the performance and observance of any of the
terms, provisions and conditions of this Indenture (without regard to any
period of grace or requirement of notice provided hereunder) and, if the
Company shall be in default, specifying all such defaults and the nature and
status thereof of which they may have knowledge.

 

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 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
Board shall determine that the preservation thereof is no longer desirable in
the conduct of the business of the Company.

 

Section 1006  Waiver of
Certain Covenants

 

Except as otherwise specified as contemplated by Section 301 for
Securities of such series, the Company may, with respect to the Securities of
any series, omit in any particular instance to comply with any term, provision
or condition set forth in any covenant provided pursuant to clause (r) of Section 301
or clause (b) or (g) of Section 901 for the benefit of the
Holders of such series or in Section 1005, if before the time for such compliance
the Holders of at least 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.

 

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 such Securities) 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 or in another manner specified as contemplated by Section 301
for such Securities. In case of any redemption at the election of the Company
of less than all the Securities of any series (including any such redemption
affecting only a single Security), the Company shall, at least 60

 

49

 

days 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 less than all the Securities of any series are to be redeemed
(unless all the Securities of such series and of a specified tenor are to be
redeemed or unless such redemption affects only a single Security), the
particular Securities to be redeemed shall be selected not more than 60 days
prior to the Redemption Date by the Trustee, from the Outstanding Securities of
such series not previously called for redemption, by such method as the Trustee
shall deem fair and appropriate and which may provide for the selection for
redemption of a portion of the principal amount of any Security of such series,
provided that the unredeemed portion of the principal amount of any Security
shall be in an authorized denomination (which shall not be less than the
minimum authorized denomination) for such Security. If less than all the
Securities of such series and of a specified tenor are to be redeemed (unless
such redemption affects only a single Security), the particular Securities to
be redeemed shall be selected not more than 60 days prior to the Redemption
Date by the Trustee, from the Outstanding Securities of such series and
specified tenor not previously called for redemption in accordance with the
preceding sentence.

 

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

 

The provisions of the two preceding paragraphs shall not apply with
respect to any redemption affecting only a single Security, whether such
Security is to be redeemed in whole or in part. In the case of any such
redemption in part, the unredeemed portion of the principal amount of the
Security shall be in an authorized denomination (which shall not be less than
the minimum authorized denomination) for such Security.

 

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.

 

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, to
each Holder of Securities to be redeemed, at his address appearing in the
Security Register.

 

All notices of redemption shall state:

 

(a)           the
Redemption Date,

 

50

 

(b)           the
Redemption Price,

 

(c)           if
less than all the Outstanding Securities of any series consisting of more than
a single Security are to be redeemed, the identification (and, in the case of
partial redemption of any such Securities, the principal amounts) of the
particular Securities to be redeemed and, if less than all the Outstanding
Securities of any series consisting of a single Security are to be redeemed,
the principal amount of the particular Security to be redeemed,

 

(d)           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,

 

(e)           that
on the Redemption Date, if such is the case, the right of the holders of each
such Security to convert the Securities shall terminate;

 

(f)            the
place or places where each such Security is to be surrendered for payment of
the Redemption Price, and

 

(g)           that
the redemption is for a sinking fund, if such is the case.

 

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

 

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.

 

51

 

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.

 

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 any series except as otherwise
specified as contemplated by Section 301 for such Securities.

 

The minimum amount of any sinking fund payment provided for by the
terms of any Securities 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 such Securities is herein referred to as an “optional sinking fund
payment”. If provided for by the terms of any Securities, 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 as
provided for by the terms of such Securities.

 

Section 1202  Satisfaction
of Sinking Fund Payments with Securities

 

The Company (1) may deliver Outstanding Securities of a series
(other than any previously called for redemption) and (2) 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 any Securities of such series required to
be made pursuant to the terms of such Securities as and to the extent provided
for by the terms of such Securities; provided
that the Securities to be so credited have not been previously so credited. The
Securities to be so credited shall be received and credited for such purpose by
the Trustee at the Redemption Price, as specified in the Securities so to be
redeemed, for redemption through operation of the sinking fund and the amount
of such sinking fund payment shall be reduced accordingly.

 

52

 

Section 1203  Redemption
of Securities for Sinking Fund

 

Not less than 30 days prior to each sinking fund payment date for any
Securities, the Company  will deliver to
the Trustee an Officers’ Certificate specifying the amount of the next ensuing
sinking fund payment for such Securities pursuant to the terms of such
Securities, the portion thereof, if any, which is to be satisfied by payment of
cash and the portion thereof, if any, which is to be satisfied by delivering
and crediting Securities pursuant to Section 1202 and will also deliver to
the Trustee any Securities to be so delivered. Not less than 15 days prior to
each such sinking fund payment date, the Trustee shall select the Securities to
be redeemed upon such sinking fund payment date in the manner specified in Section 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.

 

ARTICLE THIRTEEN

 

Defeasance and Covenant Defeasance

 

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

 

The Company may elect, at its option at any time, to have Section 1302
or Section 1303 applied to any Securities or any series of Securities, as
the case may be, designated pursuant to Section 301 as being defeasible
pursuant to such Section 1302 or 1303, in accordance with any applicable
requirements provided pursuant to Section 301 and upon compliance with the
conditions set forth below in this Article. Any such election shall be
evidenced by a Board Resolution or in another manner specified as contemplated
by Section 301 for such Securities.

 

Section 1302  Defeasance
and Discharge

 

Upon the Company’s exercise of its option (if any) to have this Section applied
to any Securities or any series of Securities, as the case may be, the Company
shall be deemed to have been discharged from its obligations, and the
provisions of Article Fourteen shall cease to be effective, with respect
to such Securities as provided in this Section on and after the date the
conditions set forth in Section 1304 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 such Securities
and to have satisfied all its other obligations under such Securities and this
Indenture insofar as such Securities 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 otherwise terminated
or discharged hereunder: (a) the rights of Holders of such Securities 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 when payments are due, (b) the
Company’s obligations with respect to such Securities under Sections 304, 305,
306, 1002 and 1003, (c) the rights, powers, trusts, duties and immunities
of the Trustee hereunder and (d) this Article. Subject to compliance with
this Article, the Company may exercise its option (if any) to have this Section applied
to any Securities notwithstanding the prior exercise of its option (if any) to
have Section 1303 applied to such Securities.

 

53

 

Section 1303  Covenant
Defeasance

 

Upon the Company’s exercise of its option (if any) to have this Section applied
to any Securities or any series of Securities, as the case may be, (a) the
Company shall be released from its obligations under clause (c) of Section 801
and any covenants provided pursuant to clause (r) of Section 301, Section 1005
or clause (b) or (g) of Section 901 for the benefit of the
Holders of such Securities, and (b) the occurrence of any event specified
in clause (d) of Section 501 (with respect to any of clause (c) of
Section 801 and any such covenants provided pursuant to clause (r) of
Section 301, Section 1005 or clause (b) or (g) of Section 901)
or clause (e) of Section 501 shall be deemed not to be or result in
an Event of Default, and (c) the provisions of Article Fourteen shall
cease to be effective, in each case with respect to such Securities 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, with respect to such Securities, 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 clause (d) of Section 501) or Article Fourteen,
whether directly or indirectly by reason of any reference elsewhere herein to
any such Section or Article or by reason of any reference in any such
Section or Article to any other provision herein or in any other
document, but the remainder of this Indenture and such Securities shall be
unaffected thereby.

 

Section 1304  Conditions
to Defeasance or Covenant Defeasance

 

The following shall be the conditions to the application of Section 1302
or Section 1303 to any Securities or any series of Securities, as the case
may be:

 

(a)           The
Company shall irrevocably have deposited or caused to be deposited with the
Trustee (or another trustee which 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 benefits of
the Holders of such Securities, (i) money in an amount, or (ii) U.S.
Government Obligations which through the scheduled payment of principal and
interest in respect thereof in accordance with their terms will provide, not
later than one day before the due date of any payment, money in an amount, or (iii) 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, and which
shall be applied by the Trustee (or any such other qualifying trustee) to pay
and discharge, the principal of and any premium and interest on such Securities
on the respective Stated Maturities, in accordance with the terms of this
Indenture and such Securities. As used herein, “U.S. Government Obligation”
means (x) any security which is (i) a direct obligation of the United
States of America for the payment of which the full faith and credit of the
United States of America is pledged or (ii) an obligation of a Person
controlled or supervised by and acting as an agency or instrumentality of the
United States of America the payment of which is unconditionally guaranteed as
a full faith and credit obligation by the United States of America, which, in
either case (i) or (ii), is not callable or redeemable at the option of
the issuer thereof, and (y) any depositary receipt

 

54

 

issued by a bank (as defined in Section 3(a)(2) of
the Securities Act) as custodian with respect to any U.S. Government Obligation
which is specified in Clause (x) above and held by such bank for the account
of the holder of such depositary receipt, or with respect to any specific
payment of principal of or interest on any U.S. Government Obligation which is
so specified and held, 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 depositary receipt from any amount received by the custodian in respect
of the U.S. Government Obligation or the specific payment of principal or
interest evidenced by such depositary receipt.

 

(b)           In
the event of an election to have Section 1302 apply to any Securities or
any series of Securities, as the case may be, the Company shall have delivered
to the Trustee an Opinion of Counsel stating that (i) the Company has
received from, or there has been published by, the Internal Revenue Service a
ruling or (ii) since the date of this instrument, there has been a change
in the applicable Federal income tax law, in either case (i) or (ii) to
the effect that, and based thereon such opinion shall confirm that, the Holders
of such Securities 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 such Securities 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.

 

(c)           In
the event of an election to have Section 1303 apply to any Securities or
any series of Securities, as the case may be, the Company shall have delivered
to the Trustee an Opinion of Counsel to the effect that the Holders of such
Securities will not recognize gain or loss for Federal income tax purposes as a
result of the deposit and Covenant Defeasance to be effected with respect to
such Securities 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.

 

(d)           The
Company shall have delivered to the Trustee an Officer’s Certificate to the
effect that neither such Securities nor any other Securities of the same
series, if then listed on any securities exchange, will be delisted as a result
of such deposit.

 

(e)           No
event which is, or after notice or lapse of time or both would become, an Event
of Default with respect to such Securities or any other Securities shall have
occurred and be continuing at the time of such deposit or, with regard to any
such event specified in clause (e) or (f) of Section 501, 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).

 

(f)            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).

 

55

 

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

 

(h)           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 unless such trust shall be registered under such Act or
exempt from registration thereunder.

 

(i)            At
the time of such deposit, (i) no default in the payment of any  principal of or premium or interest on any
Senior Debt shall have occurred and be continuing, (ii) no event of
default with respect to any Senior Debt shall have resulted in such Senior Debt
becoming, and continuing to be, due and payable prior to the date on which it
would otherwise have become due and payable (unless payment of such Senior Debt
has been made or duly provided for), and (iii) no other event of default
with respect to any Senior Debt shall have occurred and be continuing
permitting (after notice or lapse of time or both) the holders of such Senior
Debt (or a trustee on behalf of such holders) to declare such Senior Debt due
and payable prior to the date on which it would otherwise have become due and
payable.

 

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

 

Section 1305  Deposited
Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous
Provisions

 

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 any Securities shall be held in trust and applied by the Trustee, in
accordance with the provisions of such Securities and this Indenture, to the
payment, either directly or through any such Paying Agent (including the
Company acting as its own Paying Agent) as the Trustee may determine, to the
Holders of such Securities, of all sums due and to become due thereon in
respect of principal 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.
Money and U.S. Government Obligations so held in trust shall not be subject to
the provisions of Article Fourteen.

 

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 which by law is
for the account of the Holders of Outstanding Securities.

 

Anything in this Article to the contrary notwithstanding, the
Trustee shall deliver or pay to the Company from time to time upon Company
Request any money or U.S. Government Obligations held by it as provided in Section 1304
with respect to any Securities which, in the

 

56

 

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 which would then be required to be
deposited to effect the Defeasance or Covenant Defeasance, as the case may be,
with respect to such Securities.

 

Section 1306  Reinstatement

 

If the Trustee or the Paying Agent is unable to apply any money in
accordance with this Article with respect to any Securities by reason of
any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, then the obligations
under this Indenture and such Securities from which the Company has been
discharged or released pursuant to Section 1302 or 1303 shall be revived
and reinstated as though no deposit had occurred pursuant to this Article with
respect to such Securities, 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 such Securities in accordance with this Article; provided, however, that if the Company
makes any payment of principal of or any premium or interest on any such
Security following such reinstatement of its obligations, the Company shall be
subrogated to the rights (if any) of the Holders of such Securities to receive
such payment from the money so held in trust.

 

ARTICLE FOURTEEN

 

Security

 

[Security for Senior Debt Securities to be
provided here, if applicable.]

 

ARTICLE FIFTEEN

 

Guarantees

 

[Provisions for Subsidiary Guarantees to be
provided here, if applicable.]

 

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. In proving the
existence of this Indenture it shall not be necessary to produce more than one
copy.

 

57

 

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.

 

	
   

  	
  GOVERNMENT PROPERTIES INCOME

  TRUST

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  [SEAL]

  	
   

  	
   

  
	
  [Attest:]

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
  [SEAL]

  	
   

  
	
  [Attest:]

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  

 

 

	
  STATE OF

  	
  )

  	
   

  
	
   

  	
  )

  	
  ss.:

  
	
  COUNTY OF

  	
  )

  	
   

  

 

On the    day of           ,
             ,
before me personally came                      ,
to me known, who, being by me duly sworn, did depose and say that he is                                 
of                                                    ,
one of the entities described in and which executed the foregoing instrument;
[that he knows the seal of said corporation; that the seal affixed to said
instrument is such corporate seal; that it was so affixed by authority of the
Board of said corporation;] and that he signed his name thereto by like
authority.

 

	
   

  	
   

  

 

	
  STATE OF

  	
  )

  	
   

  
	
   

  	
  )

  	
  ss.:

  
	
  COUNTY OF

  	
  )

  	
   

  

 

On the    day of          ,
             ,
before me personally came                     ,
to me known, who, being by me duly sworn, did depose and say that he is
                                
of
                                                   ,
one of the entities described in and which executed the foregoing instrument;
[that he knows the seal of said corporation; that the seal affixed to said
instrument is such corporate seal; that it was so affixed by authority of the
Board of said corporation;] and that he signed his name thereto by like
authority.

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